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Saturday, January 22, 2022

Private sector deposits up in September

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Deposits placed by the private sector increased by 443 million euros in September, compared with an increase of 1,480 million in the previous month, with the annual growth rate decreased to 13.3% from 13.9% in the previous month, the Bank of Greece said on Wednesday. More specifically, the central bank in a monthly report, said that deposits placed by households and non-profit institutions rose by 503 million euros in September, with total deposits rising by 210 million euros to a total of 132 billion euros.

In September 2021, deposits placed by the general government decreased by 233 million, compared with an increase of 142 million in the previous month; the annual growth rate stood at -16.7%, compared with -15.7% in the previous month. Corporate deposits decreased by 60 million, compared with an increase of 1,386 million in the previous month; the annual growth rate increased to 33.2% from 25.9% in the previous month.
Τhe monthly net flow of total credit was positive by 1,994 million in September 2021, compared with a positive net flow of 991 million in the previous month.

In September 2021, the monthly net flow of credit to the general government was positive by 1,457 million, compared with a positive net flow of 1,328 million in the previous month; the annual growth rate decreased to 51.5% from 55.0% in the previous month.
In September 2021, the annual growth rate of credit to the private sector stood at 0.7% compared with 0.8% in the previous month. The monthly net flow of credit was positive by 537 million, compared with a negative net flow of 337 million in the previous month.

SOURCE: AMNA

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