The Bank of Italy said on Wednesday bank loans to non-financial firms fell 3.1 percent from a year earlier in October, after a 3.3 percent fall in September. Bank lending to companies has been contracting since May 2012.
Non-performing loans held by Italian banks rose 19.3 percent in October against a 19.9 percent rise in September. The stock of bad loans totalled 179.26 billion euros ($222 billion) up from 176.86 billion euros a month earlier.