Finance
Italian bank deposits' growth accelerates further in November
Published by Global Banking and Finance Review
Posted on January 13, 2025
1 min readLast updated: January 27, 2026
Quick Summary
Italian bank deposits rose 4.4% in November, while lending to businesses fell for the 22nd month, according to the Bank of Italy.
Italian Bank Deposits Increase in November Amid Lending Decline
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)
Key Takeaways
- •Italian bank deposits grew 4.4% year-on-year in November.
- •Bank lending to businesses fell for the 22nd consecutive month.
- •Bond issuance by banks increased 7.2% year-on-year.
- •Growth in deposits accelerated compared to October.
- •Bank of Italy provided the latest financial data.
Frequently Asked Questions about Italian bank deposits' growth accelerates further in November
1What is the main topic?
The article discusses the growth of Italian bank deposits and the decline in bank lending to businesses in November.
2How did bank lending to businesses change?
Bank lending to businesses fell 3.6% year-on-year in November, marking the 22nd consecutive month of decline.
3What did the Bank of Italy report about bond issuance?
The Bank of Italy reported that bond issuance increased by 7.2% year-on-year in November.
