Deposits placed by the private sector increased by 2.318 billion euros isn March after a decrease of 1.456 billion in the previous month, the Bank of Greece said on Tuesday.
More specifically, the central bank in a monthly report said that in March 2023 the monthly net flow of total deposits was positive by 2.979 billion euros, compared with a negative net flow of 1.090 billion in February 2023.
Deposits placed by the general government increased by 661 million, compared with an increase of 366 million in the previous month; the annual growth rate increased to 3.2% from -2.1% in the previous month. Corporate deposits increased by 1.581 billion, compared with a decrease of 1.255 billion in the previous month; the annual growth rate increased to 7.2% from 0.6% in the previous month.
In March 2023, deposits placed by households and private non-profit institutions increased by 738 million, compared with a decrease of 202 million in the previous month; the annual growth rate increased to 3.6% from 3.2% in the previous month.
Τhe monthly net flow of total credit was positive by 1.619 billion in March 2023, compared with a negative net flow of 580 million in the previous month The monthly net flow of credit to the general government was positive by 447 million, compared with a negative net flow of 607 million in the previous month; the annual growth rate decreased to 5.3% from 6.6% in the previous month.
The annual growth rate of credit to the private sector increased to 5.1% from 4.8% in the previous month. In March 2023, the monthly net flow of credit to individuals and private non-profit institutions was negative by 69 million, compared with a negative net flow of 103 million in the previous month; the annual growth rate stood at -2.5%, unchanged from the previous month.
SOURCE; ANA-MPA
