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Bank credit and deposits: February 2017

27/03/2017 - Press Releases

In February 2017, the annual growth rate of total credit extended to the economy stood at -2.0% from -1.5% in the previous month, while the monthly net flow of total credit was negative at €801 million, compared with a negative net flow of €1,260 million in the previous month.
The annual growth rate of total deposits stood at 4.0% from 4.1%, in the previous month, while the monthly net flow of deposits was negative at €600 million, compared with a negative net flow of €1,567 million in January 2017.

I. Credit to the domestic economy

Ι.1 Credit to the general government

In February 2017, the monthly net flow of credit to general government (1) was negative at €700 million, compared with a negative net flow of €374 million in the previous month. The annual growth rate of credit to general government stood at -3.7% from 0.1%, in the previous month.

Ι.2 Credit to the domestic private sector

In February 2017, the annual growth rate of credit to the domestic private sector stood at -1.6%, unchanged from the previous month. The monthly net flow of credit to the domestic private sector was negative at €101 million, compared with a negative net flow of €885 million in the previous month.

Ι.2.1 Credit to corporations

In February 2017, the monthly net flow of credit to corporations was positive at €82 million, compared with a negative net flow of €643 million in the previous month and the annual growth rate of credit stood at -0.3%, from -0.5% in the previous month. In particular, the annual growth rate of credit to non-financial corporations stood at -0.4% from -0.5% in the previous month and the monthly net flow of credit was positive at €22 million, against a negative net flow of €451 million in the previous month. The annual growth rate of credit to insurance corporations and other financial intermediaries stood at 1.0% in February 2017, from 0.1% in the previous month and the monthly net flow of credit was positive at €60 million, compared with a negative net flow of €191 million in the previous month.

Ι.2.2 Credit to sole proprietors and unincorporated partnerships

In February 2017, the monthly net flow of credit to sole proprietors and unincorporated partnerships was negative at €30 million, compared with a negative net flow of €22 million in the previous month and its annual growth rate stood at -2.1% from -2.0% in the previous month.

Ι.2.3 Credit to individuals and private non-profit institutions

In February 2017, the monthly net flow of credit to individuals and private non-profit institutions was negative at €153 million, compared with a negative net flow of €221 million in the previous month and its annual growth rate stood at -2.7% from -2.8% in the previous month.

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

ΙΙ.1 Deposits of the general government

In February 2017, deposits of the general government increased by €150 million, compared with a decrease of €34 million in the previous month, while the annual growth rate stood at 17.3% from 16.3% in the previous month.

ΙΙ.2 Deposits of the domestic private sector

In February 2017, deposits of the domestic private sector decreased by €750 million, compared with a decrease of €1,534 million in the previous month, while the annual growth rate stood at 2.9%, from 3.1% in the previous month.

ΙΙ.2.1 Corporate deposits

In February 2017, corporate deposits decreased by €113 million, compared with a decrease of €562 million in the previous month, while the annual growth rate stood at 10.3% from 11.8% in the previous month. In particular, deposits from non-financial corporations decreased by €535 million against a decrease of €760 million in the previous month, while the deposits of insurance corporations and other financial intermediaries increased by €422 million in February 2017, compared with an increase of €199 million in the previous month.

ΙΙ.2.2 Deposits of households and non-profit institutions

In February 2017, deposits of households and non-profit institutions decreased by €637 million, compared with a decrease of €972 million in the previous month and the annual growth rate stood at 1.5%, compared with 1.4% in the previous month.

Note (1): As of December 2016, loans of the Consignment Deposits and Loan Fund are excluded from the domestic credit, as the institution has been reclassified from the financial sector to the general government sector. Moreover, due to the same reclassification, deposits in the Consignment Deposits and Loan Fund are excluded from the domestic deposits as of December 2016.

Note (2): The next Press Release on “Bank credit and deposits” for March 2017 will be published on 28 April 2017.

(1) The general government includes central government, local government and social security funds.
(2) Including repos
(3) Excluding the Bank of Greece.


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

 

 

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