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Business loans down 1.6% in June, household loans down 0.9%

Overall decline 2% says Bank of Italy

Redazione Ansa

(ANSA) - ROME, AUG 9 - In June, loans to the private sector, adjusted on the basis of the harmonised methodology agreed within the European System of Central Banks, decreased by 1.6% over twelve months (-2% in the previous month), the Bank of Italy said Friday.
    It said loans to households decreased by 0.9 per cent over the twelve months (-1.0 in the previous month), while those to non-financial companies decreased by 3.4 per cent (-3.1 in the previous month).
    Private sector deposits increased by 2.9 per cent (they had decreased by 0.1 per cent in May); bond deposits increased by 14.8 per cent (18.8 in May). (ANSA).
   

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