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Drop in bank loans to firms and households slows

Fall of 3.5% in January, compared to 3.7% in December

10 March, 11:12
Drop in bank loans to firms and households slows (ANSA) - Rome, March 10 - The number of loans Italian banks granted households and businesses fell again in January, but the rate of the decline slowed, the Bank of Italy said Monday.

The central bank said loans to families and firms dropped 3.5% in January with respect to the same month in 2013, compared to a 3.7% year-on-year fall in December.

Italy emerged from its longest postwar recession in the second half of last year, but the recovery is weak and part of the reason for this is that families and businesses are having trouble obtaining credit, economists say.

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