Rome

Banks lent less in April

Down 2.3% in April compared to 1.7% March drop

Banks lent less in April

Rome, June 7 - Italian banks lent less in April than they did in March, the Bank of Italy said Friday. Loans to the private sector fell an annual 2.3% in April compared to 1.7% in March, it said, with money lent to non-financial firms down 3.7% against 2.8% the previous month. Household loans were down 0.8%, the same as April.

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