European Central Bank: Eurozone corporate loan growth hits three-year high

Golden Ten Data reported on June 29 that data released by the European Central Bank on Monday shows that in May, eurozone corporate bank loan growth hit a three-year high, continuing its steady momentum over the past few months. The data reveals that the year-on-year growth rate of loans to non-financial corporations rose from 3.4% in April to 4.0% in May; household loan growth slightly increased from 3.0% in April to 3.1% in May; and broad money supply (M3) growth rose from 2.7% in April to 3.2% in May.