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Euro zone firms tapped bank credit in June even as economy reopened

Reuters 

Euro zone companies continued to tap bank credit at a brisk pace in June even as the economy reopened after three months of coronavirus-related lockdown, data from the European Central Bank showed on Monday. 

Lending to non-financial corporations in the euro zone grew 7.1% year on year last month, only a slight deceleration from the 7.3% recorded in May, which was the biggest increase since early 2009. 

Household lending growth, meanwhile, held steady at 3.0% for a third consecutive month. 

Source 

https://www.reuters.com/article/us-eurozone-moneysupply/euro-zone-companies-tapped-bank-credit-in-june-even-as-economy-reopened-idUSKCN24S0QW?il=0
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