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Economy And The Numbers

Eurozone Bank Lending Growth Improves

By Renju Jaya   ✉   | Published:   | Follow Us On Google News

Eurozone bank lending increased at a faster pace in June despite trade tariff concerns weighing on economic growth, data from the European Central Bank showed Friday.

Adjusted loans to the private sector logged an increase of 3.0 percent in June, faster than the 2.8 percent rise in May.

Among the borrowing sectors, annual growth in adjusted loans to households rose to 2.2 percent from 2.0 percent in May. Likewise, increase in loans to non-financial corporations accelerated to 2.7 percent from 2.5 percent.

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