Deposits up, bond sales down says ABI

(ANSA) - Rome, January 19 - Cash deposits grew while bond sales fell at the end of December 2015, the Italian Banking Association (ABI) said in its monthly report Tuesday. Bond sales fell by 13% or 57.5 billion euros on a yearly basis and cash deposits rose by 3.7% or 47.3 billion euros compared to 2014, ABI said. Client deposits grew from 1.513 trillion euros in December 2007 - before the economic crisis began - to some 1.7 trillion euros in December 2015, ABI said.