ROME – Italian banks increased their private-sector lending by 1.6% in January from a year earlier, whilst deposits fell by 0.8%, the Bank of Italy mentioned Thursday.
The rate of expansion in private-sector loans was the slowest purebred in more than a year. The same direction was purebred for loans to families, up 3.1%, and non-financial businesses, up 1.3%--both rates being the lowest in 13 months.
The rate that banks charged for consumer loans was 9.91%, the top given October when it strike 9.31%. Rates for mortgages were at their top in more than a year at 4.55%.
Deposits fell 0.8% on the year, whilst banks lifted 16.4% more appropriation from union issues, the fastest gait in 13 months. The commission of holds hold by banks rose to 60.5%.
Website: www.bancaditalia.it