Bank of Italy says loans continued fall in November

Report shows weakness in demand followed October trend

(ANSA) - Rome, January 12 - Bank loans continued to fall on annualized measure in November, following a trend also seen the month before, the Bank of Italy said in a report Monday. Loans fell by 1.6% compared with the same time in 2013, including a drop of 0.5% for households, the central bank said. That followed the October report showing that loans fell by 2.1%, including an annualized fall of 0.6% among households. Loans to businesses outside the financial sector fell by 2.6% in November compared with 3.1% the month before.


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