10/14/2023, 8:24:37 AM
Highlights: Abi, economic slowdown depresses demand for loans, -3.8% - Last hour. The economic slowdown continues to depress demand for bank loans to households and businesses that are also pricing in the ECB's monetary tightening. As shown by the monthly ABI report in September 2023, loans fell by 3.8 per cent compared to a year earlier. In August 2023 they had fallen by. 3.5%, when loans to businesses had decreased by 6.2 per cent and those to households by 0.6%.
The economic slowdown continues to depress demand for bank loans to households and businesses that are also pricing in the ECB's monetary tightening. (ANSA)
The economic slowdown continues to depress demand for bank loans to households and businesses that are also pricing in the ECB's monetary tightening.
As shown by the monthly ABI report in September 2023, loans fell by 3.8% compared to a year earlier, while in August 2023 they had fallen by 3.5%, when loans to businesses had decreased by 6.2% and those to households by 0.6%.
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