Bank loans down 3. 2 percent, says Bank of Italy

(AGI) Rome, July 8 - Bank loans dropped 3.2 percent in May,reported the Bank of Italy. This follows a 3.1 percent fall inApril. More specifically, loans to households were down 1percent over the year, the same as April. Loans tonon-financial companies fell 4.7 percent year-on-year and 4.4percent from April. The number of bad loans also dropped: thegrowth trend rate over the 12-month period - not adjusted forsecuritisations but factoring in non-continuous data sets - was21.7 percent, down from 22.3 percent in April. . .

(AGI) Rome, July 8 - Bank loans dropped 3.2 percent in May,reported the Bank of Italy. This follows a 3.1 percent fall inApril. More specifically, loans to households were down 1percent over the year, the same as April. Loans tonon-financial companies fell 4.7 percent year-on-year and 4.4percent from April. The number of bad loans also dropped: thegrowth trend rate over the 12-month period - not adjusted forsecuritisations but factoring in non-continuous data sets - was21.7 percent, down from 22.3 percent in April. . .