Italian Banks Keep Cutting Loans To Business

Italian banks reduced loans to business in November for the seventh month in a row and at the fastest pace since 2001, and have seen bad debts rising to around EUR122 billion ($161.24 billion), up 16.7% from a year earlier, according to the Bank of Italy.

  • 10 Jan 2013

Italian banks reduced loans to business in November for the seventh month in a row and at the fastest pace since 2001, and have seen bad debts rising to around EUR122 billion ($161.24 billion), up 16.7% from a year earlier, according to the Bank of Italy.

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