Eurozone companies continue to get bank credit in June


A woman with a muzzle on her face passes by the European Central Bank in Frankfurt on April 19, 2020. Photo: Kai Waffenbach – Reuters

FRANKFURT (Reuters) – Eurozone companies continued to tap bank credit at a rapid pace in June even as the economy reopened three months after it closed due to the emerging Corona virus, data from the European Central Bank showed on Monday.

Lending to non-financial companies in the euro area grew by 7.1 percent year on year in the past month, in a slight slowdown from the 7.3 percent recorded in May, which was the largest increase since early 2009.

Meanwhile, household lending growth stabilized at 3 percent for the third month in a row.

Prepared by Mohamed Farag for the Arabic Bulletin – Edited by Moataz Mohamed


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