Press Releases

Bank credit to the domestic private sector: July 2013

28/08/2013 - Press Releases

The annual growth rate of total credit extended to the domestic private sector stood at -4.0% in July 2013, from -4.1% in the previous month. The net flow of total credit to the domestic private sector was negative, amounting to EUR 855 million (July 2012: negative net flow of EUR 1,434 million).

Credit to enterprises

The net flow of credit to enterprises, in July 2013, was negative, amounting to EUR 482 million (July 2012: negative net flow of EUR 942 million), and the annual growth rate of credit stood at -4.6%, compared with -4.9% in the previous month. In particular, the  annual  growth  rate of credit  to  non-financial  corporations stood at       -3.9%, from -4.2% in the previous month, while the net flow of credit to non-financial corporations was negative and equal to EUR 449 million (July 2012: negative net flow of EUR 822 million). The annual growth rate of credit to insurance corporations and other financial intermediaries stood at -14.5% in July 2013, from -15.4% in June 2013.

Credit to sole proprietors and unincorporated partnerships

The net flow of credit to sole proprietors and unincorporated partnerships was positive, amounting to EUR 39 million (July 2012: negative net flow of EUR 33 million) and its annual rate of change stood at -1.2%, from -1.6% in June 2013.

Credit to individuals and private non-profit institutions

In July 2013, the net flow of credit to individuals and private non-profit institutions was negative, amounting to EUR 412 million (July 2012: negative net flow of EUR 459 million), and its annual growth rate stood at -3.7%, compared with -3.6% in June 2013.

Related link: Bank credit to the domestic private sector: July 2013 - Table

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