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Eurozone businesses got more loans in November


Eurozone businesses got more loans in November


Lending to private companies in the euro zone took a big swing upwards in November, raising hopes that increased credit will help the economic recovery.

The latest figures from the European Central Bank show that 11 billion euros worth of company loans were processed last month. It is a huge improvement on October – during which there was a 10 billion euro drop in the figure.

Loans to private companies were up two per cent over the whole year, better than the 1.5 per cent forecast.

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