Announcements

Bank credit and deposits - January 2017

28/02/2017 - Announcements

    In January 2017, the annual growth rate of total credit extended to the economy was -1.4% from -1.0% in the previous month and the monthly net flow of total credit was negative at €1,260 million, compared with a positive net flow of €538 million in the previous month. 
    The annual growth rate of total deposits stood at 4.1%, unchanged from the previous month, while the monthly net flow of deposits was negative at €1,567 million, compared with a positive net flow of €2,972 million in December 2016.

I. Credit to the domestic economy

Ι.1 Credit to the General Government 
    In January 2017, the monthly net flow of credit to General Government(1) was negative at €374 million, compared with a positive net flow of €414 million in the previous month. The annual growth rate of credit to General Government was 0.1% from 1.4% in the previous month.

Ι.2 Credit to the domestic private sector 
    In January 2017, the annual growth rate of credit to the domestic private sector was -1.6% from -1.4% in the previous month. The monthly net flow of credit to the domestic private sector was negative at €885 million, compared with a positive net flow of €124 million in the previous month.


Ι.2.1 Credit to corporations 
    In January 2017, the monthly net flow of credit to corporations was negative at €643 million, compared with a positive net flow of €296 million in the previous month, and the annual growth rate of credit was -0.4%, from 0.1% in the previous month. In particular, the annual growth rate of credit to non-financial corporations was -0.4% from 0.1% in the previous month, and the monthly net flow of credit was negative at €451 million, against a positive net flow of €27 million in the previous month. The annual growth rate of credit to insurance corporations and other financial intermediaries was 0.1% in January 2017, unchanged from the previous month, while the monthly net flow of credit was negative at €191 million, compared with a positive net flow of €269 million in the previous month.

Ι.2.2 Credit to sole proprietors and unincorporated partnerships 
    In January 2017, the monthly net flow of credit to sole proprietors and unincorporated partnerships was negative at €22 million, compared with a negative net flow of €15 million in the previous month, and its annual growth rate stood at -2.0% from -1.9% in the previous month.

Ι.2.3 Credit to individuals and private non-profit institutions 
    In January 2017, the monthly net flow of credit to individuals and private non-profit institutions was negative at €221 million, compared with a negative net flow of €157 million in the previous month, and its annual growth rate stood at -2.8%, unchanged from the previous month.


II. Deposits(2) of the total economy in credit institutions(3)

ΙΙ.1 Deposits of the General Government 

    In January 2017, deposits of the General Government decreased by €34 million, compared with an increase of €175 million in the previous month, and the annual growth rate stood at 16.3% against 12.2% in the previous month.

ΙΙ.2 Deposits of the domestic private sector 
    In January 2017, deposits of the domestic private sector decreased by €1,534 million, compared with an increase of €2,797 million in the previous month, and the annual growth rate stood at 3.1%, compared with 3.4% in the previous month.

ΙΙ.2.1 Corporate deposits 
    In January 2017, corporate deposits decreased by €562 million, compared with an increase of €621 million in the previous month, while the annual growth rate stood at 11.8% against 7.5% in the previous month. In particular, deposits from non-financial corporations decreased by €760 million against an increase of €987 million in the previous month, while the deposits of insurance corporations and other financial intermediaries increased by €199 million in January 2017, compared with a decrease of €366 million in the previous month.

ΙΙ.2.2 Deposits of households and non-profit institutions 
    In January 2017, deposits of households and non-profit institutions decreased by €972 million, compared with an increase of €2,176 million in the previous month, and the annual growth rate stood at 1.4%, compared with 2.5% in the previous month.

(1) The General Government includes Central Government, Local Government and Social Security Funds.

(2) Including repos.


(3) Excluding the Bank of Greece.

Note: The next Press Release on “Bank credit and deposits” for February 2017 will be published on 27 March 2017.

Related link: Bank credit and deposits - January 2017 - Table

 

 

 

This website uses cookies for the optimization of you user experience. Learn More
I Accept