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Finance

Italian bank deposits' growth accelerates further in November

Published by Global Banking and Finance Review

Posted on January 13, 2025

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MILAN (Reuters) - Italian residents' deposits with domestic banks rose for the sixth month in a row in November and at a faster pace, while bank lending to businesses fell for the 22nd consecutive month, the Bank of Italy said on Monday.

Residents' deposits with domestic banks increased 4.4% year-on-year in November after rising 2.5% in October, the central bank data showed.

Bank loans to businesses fell 3.6% year-on-year, the central bank said, after a 3.1% decline in October.

Banks increased their bond issuance but less than in the previous month, the data also showed, with sales up 7.2% year-on-year in November after a 9.6% rise in October, slightly revised.

(Reporting by Sara Rossi, editing by Cristina Carlevaro)