Economic slowdown depressing demand for loans in Italy
The economic slowdown, combined with the effects of the European Central Bank's interest-rate hikes, is depressing demand for loans, Italian banking association ABI said on Saturday, Azernews reports, citing ANSA.
It said bank loans were down by 3.8% in September with respect to the same month in 2022.
ABI said loans to businesses had fallen by 6.2% while those to households were down by 0.6%.
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