Italian bank deposits slow in June but lending to businesses recovers

ROME (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.

(Reporting by Antonella Cinelli, editing by Gavin Jones)