Banks: Bank of Italy reports a 3.7 per cent rise in loans to the private sector in August, and a 4.2 per cent rise to businesses

(Il Sole 24 Ore Radiocor) - Bank lending to households and businesses is picking up pace. In August, according to the Bank of Italy’s ‘Banks and Money’ report, total loans to the private sector rose by 3.7 per cent year-on-year (+3.5 per cent in the previous month). In particular, loans to households rose by 2.9 per cent (+2.6 per cent in the previous month), whilst those to non-financial corporations rose by 4.2 per cent (+4.1 per cent in July).
Private sector deposits rose by 1.8 per cent (+2.4 per cent in the previous month); bond issuance increased by 5.9 per cent (+5.6 per cent in the previous month).

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