August 8, 2013 / 8:48 AM / 6 years ago

Bad loans at Italian banks up 22 percent yr/yr in June

MILAN, Aug 8 (Reuters) - Non-performing loans at Italian lenders rose by 22 percent in June from a year earlier, Bank of Italy data showed on Thursday.

The pace of growth was slightly lower than a 22.4 percent increase recorded in May - which was the highest since records began in 1998.

Bank lending continued to contract, with loans to non-financial businesses falling by 4.1 percent. Private sector deposits were up 6.0 percent.

Reporting by Silvia Aloisi, editing by Stephen Jewkes

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