Italian bank loans to businesses keep falling

Loans to non-financial companies fell 1.5% in June

Italian bank loans to businesses keep falling

(ANSA) - Rome, August 8 - Bank loans to Italian companies continued to fall in June as lenders in the eurozone's third largest economy were deterred from lending money to businesses by the economic recession, according to data released by the nation's central bank. Loans to non-financial companies in recession-hit Italy fell 1.5% in June, compared with a 0.4% decline in May, the Bank of Italy said. Loans to the private sector in general were up 0.2% in the month, compared to a 0.7% increase in May. The number of loans extended to households grew 0.8% in June, compared to a 1.3% increase in May. Bad loans in the period increased 15.8%, in line with May.

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