Italy’s deposits turn positive in August, ABI reports

Net inflows posted by Italian banks turned positive in August for the first time since March, according to data published by the Italian banking association ABI.

In August, banks collected €1721.2bn from domestic clients, a 1.48% year on year increase.

Deposits from domestic clients stood at €1142bn during the month, the highest level since July 2010, with €579bn invested in bonds.

Foreign deposits were instead negative during the month, with a 16.9% loss compared to August 2011.

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