Business loans were down 1.9% in
November, the sharpest drop since 2015, the Italian Banking
Association (ABI) said Tuesday.
It was largely due to a fall in investment demand, ABI said.
Other factors included a fall in extraordinary operations.
The loans to firms were also conditioned by the "non-positive
prospects for the Italian and European economies," ABI said.
The drop, ABI said, came despite loan rates being at all-time
lows and abundant liquidity ensured by the ECB's extraordinary
measures.
It did not rtouch the household mortgage trend, up 2.5%.
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