Italian bank lending to businesses rose further in June compared with the previous month, data from the Bank of Italy showed on Tuesday.
A monthly report on the balance sheets of domestic banks showed loans to non-financial companies increased by 2.6% year-on-year in June, its highest level since June 2021, from a 2.3% rise in May.
The data also showed Italian residents' deposits with domestic banks were down to 2.78 trillion euros ($2.84 trillion)from 2.85 trillion euros in the previous month.
Gross unpaid loans ticked down to 35.02 billion euros at the end of June from 36.82 billion euros a month earlier. ($1 = 0.9783 euros) (Reporting by Sara Rossi, editing by Federico Maccioni)