FRANKFURT (Reuters) – Euro zone companies continued to tap bank credit at break-neck speed in July, even if the rate of lending growth slowed slightly since the height of the coronavirus crisis, data from the European Central Bank showed on Thursday.
Lending growth to non-financial corporations in the 19-country euro zone slowed to 7.0% year on year last month from 7.1% recorded in June but continued to stand near an 11-year-high and companies rushed to make use of emergency credit lines.
Household lending growth meanwhile held steady at 3% for the fourth straight month.
(Reporting by Balazs Koranyi. Editing by Jane Merriman)
