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Euro zone lending to companies accelerated in October

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FRANKFURT (Reuters) – Banks in the euro zone increased the pace of lending to companies last month and continued to extend credit to households at a brisk pace, data showed on Friday, in a sign of confidence in the bloc’s recovery.

Loans to companies grew by 2.5% year on year, the fastest pace since April, the European Central Bank data showed. Loans to household were up by 4.1%, the same pace as the month before.

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