India, Sept. 25 -- Bank loans to Eurozone businesses grew at a slower pace in August, the European Central Bank said Friday.
Adjusted loans to businesses rose at a pace of 4.2 percent compared to 4.4 percent in July. At the same time, annual growth in loans to households remained unchanged at 3.1 percent.
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Overall, growth in lending to the private sector improved to 4.3 percent from 4.1 percent a month ago.
The broad monetary aggregate M3 expanded 3.5 percent on a yearly basis, following a slower growth of 3.4 percent in July. Meanwhile, growth in the narrow measure M1 eased to 2.9 percent from 3.1 percent. In the three months to August, M3 growth averag...