Eurozone loans pick up in July

FRANKFURT: Eurozone bank loans to the private sector, which had practically dried up in recent months, rose in July, and growth in eurozone money supply also accelerated, new data showed yesterday.

The European Central Bank, in its regular monthly money supply data, calculated that growth in eurozone bank loans to the private sector grew fractionally by 0.1% in July after contracting by 0.2% in June. AFP