Italian financial institution deposits’ progress accelerates additional in November


MILAN (Reuters) – Italian residents’ deposits with home banks rose for the sixth month in a row in November and at a quicker tempo, whereas financial institution lending to companies fell for the twenty second consecutive month, the Financial institution of Italy mentioned on Monday.

Residents’ deposits with home banks elevated 4.4% year-on-year in November after rising 2.5% in October, the central financial institution information confirmed.

Financial institution loans to companies fell 3.6% year-on-year, the central financial institution mentioned, after a 3.1% decline in October.

Banks elevated their bond issuance however lower than within the earlier month, the information additionally confirmed, with gross sales up 7.2% year-on-year in November after a 9.6% rise in October, barely revised.

admin

Share
Published by
admin

Recent Posts

Oil set for worst week in months over Trump’s new tariffs

(Reuters) - Oil costs fell additional in early Asian commerce on Friday, and had been…

1 hour ago

Oil costs are crashing after tariffs and OPEC ship a double whammy to power markets

imaginima/Getty Photos US oil costs tanked greater than 7.5% on Thursday. Trump's tariffs are battering…

3 hours ago

US appears content material to cosy as much as Russia as a substitute of imposing tariffs

Russia is the obvious omission from Donald Trump's tariffs listing. Together with Cuba, Belarus and…

4 hours ago

Accountancy agency MHA struggles to hit £125m IPO goal

The accountancy agency MHA is struggling to hit a £125m fundraising goal as a part…

4 hours ago

UK companies subject warning over ‘deeply troubling’ Trump tariffs

British firms and enterprise teams have expressed alarm over President Donald Trump's 10% tariff on…

5 hours ago

Trump commerce conflict escalation sparks international market sell-off

Donald Trump's commerce conflict escalation has sparked a worldwide sell-off, with US inventory markets seeing…

5 hours ago