MILAN, April 12 (Reuters) – Italian residents’ deposits with domestic banks were down again in February, touching an over two-year low, at 2.64 trillion euros ($2.88 trillion) compared with 2.66 trillion in January, data from the Bank of Italy showed on Wednesday.
The decline is the fourth in a row on a monthly basis and it mirrors a wider trend in the euro zone even before banking turmoil in March.
On a yearly basis, Italian residents’ deposits with domestic banks fell 2.4% in February after a 1.8% decline in January, central bank data showed.
($1 = 0.9154 euros)
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