ROME, Dec 17 (Reuters) - The average rate charged on new loans to companies by Italian banks dropped to 1.20% in November from 1.31% in October, hitting a fresh historic low, banking lobby ABI said on Tuesday.
The average interest rate charged on new home mortgages slightly increased to 1.44% in November from 1.40% the previous month.
Deposits with Italian banks grew by over 116 billion euros ($127.86 billion) last month, or 7.9%, compared with November last year.
Italian banks also reported an annual increase in November in their funding through bond issuances, which has grown by roughly 3.5 billion euros ($3.86 billion), or 1.5% year-on-year to 240 billion euros ($264.53 billion).
$1 = 0.9073 euros Reporting by Stefano Bernabei, editing by Crispian Balmer