Loan fall-off sharpens to households and businesses
1.6% down in Jan after 0.9% Dec fall08 March, 11:27
In January loans fell 1.6% on an annual basis, compared to 0.9% in December, the central bank said.
Loans to households were down 0.6% over the year to January, compared to 0.5% in December and loans to non-financial companies off 2.8% compared ton 2.2% the previous month.
Bad loans continued to rise, showing a 17.5% hike in January but deposits continued to swell, growing 7.7%.
photo: Bank of Italy chief Ignazio Visco