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Lending to companies grows 2.4% in July, 4 tenths more

Lending to euro area firms grew by 2.4% year-on-year in July, up four tenths more than in June, while Maintained at 2.6%.

Frankfurt (Germany), Aug. 28 (EFE) .- Loans to euro area businesses rose 2.4% year-on-year in June, up four tenths more than in June, while Lending to households remained at 2.6%.

The European Central Bank (ECB) today reported that the outstanding money supply, measured by aggregate M3, rose in July A year-on-year rise of 4.5% compared to 5% in June.

The annual growth rate of government loans fell to 7.7% in July from 8.1% The private sector fell to 3%, one tenth less than in the previous month.

The M3 aggregate comprises cash in circulation, demand and time deposits up to two years, deposits Available up to 3 months, temporary debt assignments and money market asset investment funds (FIAMM).

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