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Italy bank loans fell in Feb at slowest pace since July 2012-ABI
March 16, 2015 / 2:11 PM / 3 years ago

Italy bank loans fell in Feb at slowest pace since July 2012-ABI

MILAN, March 16 (Reuters) - Lending by Italian banks to families and businesses decreased 1.4 percent year-on-year in February, its 33th consecutive monthly fall, even though the pace of decline is slowing, banking association ABI said.

ABI said the February figure was the lowest rate of decline since July 2012.

Loans to households and non-financial companies had fallen 1.5 percent in January, a figure revised from a 1.8 percent drop announced a month ago.

Lending by Italian banks has been steadily falling since May 2012 as the euro zone’s third biggest economy grappled with its longest recession since World War II.

ABI said gross bad loans at Italian lenders continued to rise, totalling 185.5 billion euros ($196.5 billion) in January from 183.7 billion euros a month earlier. ($1 = 0.9439 euros) (Reporting by Francesca Landini and Stefano Bernabei)

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