Italian banks’ govt bond holdings rise in January – ECB

MILAN – Italian lenders increased their domestic government bond holdings in January, European Central Bank data showed on Friday.

Their portfolio rose to 419.62 billion euros ($468.84 billion) last month, compared with 410.35 billion euros in December.

It stood at 388.25 billion euros at the end of January 2020.

($1 = 0.8950 euros)

(Reporting by Sara Rossi, editing by Agnieszka Flak)