Euro zone lending growth accelerated in November

A rainbow is seen behind European flags during a euro zone EU leaders emergency summit on the situation in Greece at the European Council headquarters in Brussels, Belgium, July 7, 2015. REUTERS/Eric Vidal - Copyright Eric Vidal(Reuters)

By Reuters

Published on 03/01/2019 - 10:34•Updated 20/04/2024 - 16:32

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FRANKFURT (Reuters) - Bank lending to euro zone companies and households picked up pace in November despite signs that the economy of the single currency bloc was slowing, European Central Bank data showed on Thursday.

Corporate loans grew by 4 percent year-on-year while credit to households rose by 3.3 percent - in each case 10 basis points faster than in October, the data showed.