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Italian bank deposits slow in June but lending to businesses recovers

Italian bank deposits slow in June but lending to businesses recovers

Reutersa day ago
ROME, Aug 11 (Reuters) - The growth of Italians' deposits at domestic banks slowed significantly in June, while lending to businesses picked up after a fall the previous month, the Bank of Italy said on Monday.
Deposits increased 0.5% year-on-year in June after rising 3.8% in May.
Bank loans to businesses were up 0.3% year-on-year, the central bank said, following a 1.4% decline in May.
The issuance of bank bonds also picked up, data showed, with sales up 1.4% year-on-year in June after a 0.2% fall in May.
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