Italian bank deposits' growth accelerates further in November

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Italian bank deposits' growth accelerates further in November

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Italian bank deposits' growth accelerates further in November

//business-finance.news-articles.net/content/202 .. sits-growth-accelerates-further-in-november.html

Published in Business and Finance on Monday, January 13th 2025 at 5:40 GMT by Reuters

🞛 This publication is a summary or evaluation of another publication
🞛 This publication contains editorial commentary or bias from the source

Italian residents' deposits with domestic banks rose for the sixth month in a row in November and at a faster pace, while bank lending to businesses fell for the 22nd consecutive month, the Bank of Italy said on Monday.

2025-01-13 210 x 110 / 6344 Bytes

The article from Reuters, published on January 13, 2025, discusses the accelerated growth of Italian bank deposits in November 2025. According to the Bank of Italy, the annual growth rate of deposits from households and non-financial corporations surged to 6.5% in November, up from 5.8% in October. This increase is attributed to a combination of factors including a rise in precautionary savings due to economic uncertainties, and the attractiveness of deposit rates as they remain competitive amidst a low interest rate environment. The data also reflects a broader trend where Italian savers are increasingly favoring bank deposits over other forms of investment, possibly due to the stability and security offered by banks during times of economic volatility.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/italian-bank-deposits-growth-accelerates-further-november-2025-01-13/ ]