Italian banks see further fall in deposits in August but at a slower pace

Italian banks see further fall in deposits in August but at a slower pace

Italian banks see further fall in deposits in August but at a slower paceWORLDMiddle EastAfricaIndian Sub-continentChina and Asia Pacific UK and EuropeAmericasRussiaECONOMYGlobalGCCAfricaLevantNorth AfricaISLAMIC ECONOMYIslamic FinanceIslamic BusinessIslamic Finance ReportsIslamic Finance GlossaryBUSINESSAviationBanking & InsuranceCareersEducationEnergyFintechHealthcareHospitalityManufacturingReal EstateRetail & ConsumerTechnology and TelecomTransport and LogisticsTravel and TourismSMEsFinance MarketingTechnologyLegalPeopleMARKETSCommoditiesCurrenciesEquitiesFixed IncomeWEALTHAlternative InvestmentsFundsWealth ManagementSustainabilityLEGALCrime and SecurityImmigrationPolicy RegulationsLIFECultureEntertainmentFoodHealthLeisure & TravelSportsOPINIONBusiness InsightsPROJECTSBRIConstructionIndustryMiningOil & GasUtilitiesSPECIAL COVERAGERamadan and Eid 2023COP 28: Talking Climate in UAEUAE Realty MarketThe Future of CryptosFocus: Global Wealth FundsRussia-Ukraine CrisisMULTIMEDIAGalleriesVideosPRESS RELEASE Companies NewsGovernment NewsPeople in the NewsResearch & StudiesEvents and ConferencesAfrica Press ReleasesAsia Press ReleasesHome page>WORLD>UK and Europe>Italian banks see furthe...PHOTOItalian residents' deposits with domestic banks kept on falling in August albeit at a slower pace while domestic lenders further increased their bond issuance, Bank of Italy data showed on Tuesday, as savers look for higher returns.Residents' deposits with domestic banks decreased on an annual basis by 5.4% in August after a 6.5% fall in July.On a monthly basis, deposits in euros fell to 2.42 trillion euros ($2.61 trillion) from 2.43 trillion euros in July. (Reporting by Sara Rossi, editing by Francesca Piscioneri)Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control,