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Banks: loans accelerate in December, + 5.5%

2021-01-19T15:29:06.955Z


Abi: New leap in bank deposits (ANSA) Accelerate bank lending growth in December. According to the monthly ABI report, loans to households and non-financial businesses grew by 5.5% against + 5.3% in November. The trend continues to benefit from the government's extraordinary measures and from the "supporting role of the banks for the economy", as explained by the deputy dg of the association Gianfranco Torriero, according to whom this


Accelerate bank lending growth in December.

According to the monthly ABI report, loans to households and non-financial businesses grew by 5.5% against + 5.3% in November.

The trend continues to benefit from the government's extraordinary measures and from the "supporting role of the banks for the economy", as explained by the deputy dg of the association Gianfranco Torriero, according to whom this is a figure "in contrast to other countries".

"There is a recourse by companies to banks to create liquidity buffers and lead them towards the new normal" post pandemic, added Torriero. 

New leap in bank deposits in December. After the slight slowdown in November when they had marked + 8%, they returned to double-digit growth, with an increase of 10.3% and rising by over 162 billion euros to 1,736 billion compared to a year ago. Total deposits (deposits from resident customers and bonds) grew by + 7.8%.

Source: ansa

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