Spain Deposits Rose in November, Easing Pressure on Bank Funding
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Spanish deposits gained in November, suggesting pressure on bank funding is easing as the country’s second-largest lender is raising money from bond investors.
Corporate and household deposits climbed 0.7 percent from October to 1.46 trillion euros ($1.9 trillion), the Bank of Spain in Madrid said on its website today. Retail and corporate deposits rose 2 percent in November from the previous month, according to separate data from the European Central Bank.