Business loans -1.9%, worst after 2015

Rates at all-time lows, ECB measures, but demand lacking

(ANSA) - Rome, January 14 - 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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