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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
Hellenic News of Americahttps://www.hellenicnews.com
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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

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