Tuesday September 22, 2020

Pace of euro area lending slows in April

Loans to households and companies in the 17-nation euro area grew at the slowest pace in two years in April as the sovereign debt crisis hit demand for credit.

30th May, 2012

Loans to households and companies in the 17-nation euro area grew at the slowest pace in two years in April as the sovereign debt crisis hit demand for credit.

Loans to the private sector grew by 0.3 per cent from a year earlier after gaining an annual 0.6 per cent in March, the European Central Bank said, the slowest pace since May 2010.

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