Giovedì, 18 Ottobre 2018

Drop in Italian bank loans accelerates in March


Rome, May 9 - The drop in the number of loans
granted by banks in recession-hit Italy accelerated in March,
the Bank of Italy said Thursday.
The central bank said lending was down 1.6% compared to
March 2012.
The number of loans was also down in February compared to
the same month in 2012, but the drop was lower - 1.4%.
This acceleration is a worrying sign as attempts to pull
the Italian economy out of its longest recession in 20 years
will be hampered if households and businesses have trouble
obtaining credit.
The central bank said loans to non-financial companies were
down 2.8% in March compared to the same month in 2012 and 0.8%
lower for households.

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