The Bank of Italy on Tuesday
said bank loans to businesses grew 0.5% in October, the first
increase since May.
Household loans grew 1.6% and private sector loans grew 1.0%
on an annual basis in October, after accounting for
securitizations and other bad debt cancelled from bank balance
sheets.
Non-performing loans continued to decrease in October,
dropping to 198 billion euros gross from 198.9 billion in
September and 200.1 billion in August.
The 12-month growth rate, accounting for statistical
discontinuity but without correcting for securitizations and
other bad debt, was -1.0%.
When corrected for securitizations and other bad debt, the
growth rate was 11.7%.
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