Italian residents' deposits down again in February

Kitco Media
By Reuters
Published:
Updated:
Reuters
MILAN, April 12 (Reuters) - Italian residents' deposits with domestic banks were down again in February, touching an over two-year low, at 2.64 trillion euros ($2.88 trillion) compared with 2.66 trillion in January, data from the Bank of Italy showed on Wednesday. The decline is the fourth in a row on a monthly basis and it mirrors a wider trend in the euro zone even before banking turmoil in March. On a yearly basis, Italian residents' deposits with domestic banks fell 2.4% in February after a 1.8% decline in January, central bank data showed.
($1 = 0.9154 euros) (Reporting by Alessia Pé, Sara Rossi, editing by Federico Maccioni)

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