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GreeceBusinessPrivate sector deposits up by 5 billion euros in December

Private sector deposits up by 5 billion euros in December

Hellenic News of America
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Deposits placed by the private sector increased by 5.004 billion euros in December after a decrease by 591 million in the previous month, with the annual growth rate rising to 4.8% from 4.5%, respectively, the Bank of Greece said on Friday.

More specifically, in December 2022, the monthly net flow of total deposits was positive by 4,389 million euros, compared with a negative net flow of 694 million in November 2022.

Deposits placed by the general government decreased by 614 million, compared with a decrease of 104 million in the previous month; the annual growth rate stood at -1.9%, compared with -4.3% in the previous month.

Corporate deposits increased by 1,790 million, compared with a decrease of 182 million in the previous month; the annual growth rate increased to 5.8% from 5.4% in the previous month. In particular, deposits from NFCs increased by 2,620 million, against an increase of 9 million in the previous month. Deposits placed by insurance corporations and other financial intermediaries decreased by 830 million euros, compared with a decrease of 191 million in the previous month.

In December 2022, deposits placed by households and private non-profit institutions increased by 3,214 million, compared with a decrease of 409 million in the previous month; the annual growth rate remained almost unchanged at 4.4% from 4.2% in the previous month.

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The annual growth rate of total credit extended to the domestic economy stood at 9.1% in December 2022, compared with 5.9% in the previous month.

Τhe monthly net flow of total credit was positive by 3,486 million in December 2022, compared with a positive net flow of 1,188 million in the previous month.

SOURCE; ANA-MPA

The copyrights for these articles are owned by the Hellenic News of America. They may not be redistributed without the permission of the owner. The opinions expressed by our authors do not necessarily reflect the opinions of the Hellenic News of America and its representatives.

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