Greek bank deposits up in September

Private sector deposits grew by 102 million euros in September for an annual growth rate of 7.4 pct, the Bank of Greece said on Wednesday. The central bank, in a monthly report, said that deposits placed by households and private non-profit institutions rose by 385 million euros for an annual growth rate of 6.8 pct in September. Deposits placed by the general government increased by 340 million euros, compared with an increase of 717 million in the previous month, while the annual growth rate stood at 48.9 pct from 46.8 pct in the previous month.

In September 2018, corporate deposits decreased by 283 million euros, compared with an increase of 533 million in the previous month and the annual growth rate stood at 10.1 pct from 10.2 pct in the previous month.

The annual growth rate of total deposits stood at 10.7 pct from 10.4 pct in the previous month, while the monthly net flow was positive at 442 million, compared with a positive net flow of 2,013 million in August 2018.

In September 2018, the annual growth rate of total credit extended to the economy stood at -1.8 pct from -2.3 pct in the previous month and the monthly net flow was positive at 461 million, compared with a positive net flow of 151 million in the previous month.

The annual growth rate of credit to the private sector stood at -1.3 pct from -1.5 pct in the previous month. The monthly net flow of credit to the private sector was positive at 541 million euros, compared with a negative net flow of 307 million in the previous month. In September 2018, the monthly net flow of credit to corporations was positive at 703 million, compared with a negative net flow of 100 million in the previous month; the annual growth rate stood at -0.4 pct from -1.1 pct in the previous month.

In September 2018, the monthly net flow of credit to individuals and private non-profit institutions was negative at 166 million, compared with a negative net flow of 184 million in the previous month; the annual growth rate stood at -2.1 pct from -2.0 pct in the previous month.

Source ANA-MPA
You might also like

Comments

The Greek Observer considers that every reader has the right to express their opinions freely. However, we explicitly emphasize that The Greek Observers’ editorial team does not adopt user opinions. Please express your opinions in a decent manner. Comments that include, insults will be deleted by the team and the users will be banned from commenting.