Rome

Loans further contract in May, Bank of Italy says

-2.4% for companies, -0.9% to families year-on-year

Loans further contract in May, Bank of Italy says

Rome, July 10 - Bank loans to private companies contracted 2.4% on the same month in 2012, further shrinking from the 2.2% registered in April. Loans to households went down 0.9% year-on-year, from the 0.8% drop registered in April, the Bank of Italy said on Wednesday. Loans to non-financial companies went down 3.6% also on an annual basis.

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