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29/06/2012 - Bank credit to the domestic private sector - May 2012

The annual growth rate of total credit to the domestic private sector was -4.5% in May 2012 from -4.7% in the previous month. In May 2012 the net flow of total credit to the domestic private sector was negative amounting to EUR 940 million.

Credit to enterprises

The net flow of credit to enterprises in May 2012 was negative, amounting to EUR 544 million and the annual growth rate of credit was less negative at -4.4% from -4.7% in the previous month. In particular, the annual growth rate of credit to non-financial enterprises stood at -4.3% from -4.4% in April 2012 and the annual growth rate of credit to insurance corporations and other financial intermediaries was less negative at -7.2% in May 2012, from -11.3% in the previous month.

Credit to sole proprietors and unincorporated partnerships

The net flow of credit to sole proprietors and unincorporated partnerships was negative amounting to EUR 25 million and the annual rate of change of credit was less negative than in the previous month (May 2012: -5.8%, April 2012: -6.6%).

Credit to individuals and private non-profit institutions

In May 2012, the net flow of credit to individuals and private non-profit institutions was negative, amounting to EUR 371 million. As a result, the annual growth rate of credit to individuals and private non-profit institutions stood at -4.3% in May 2012 from -4.4% in April 2012.

Related link: Bank credit to the domestic private sector - May 2012 - Table