Press Releases

Bank credit to the domestic private sector: November 2011

09/01/2012 - Press Releases

The annual growth rate of total credit granted to the domestic private sector decreased to -2.4% in November 2011 (October 2011: -2.2%, December 2010: 0.0%). The net flow of total credit to the domestic private sector was negative amounting to EUR 1,267 million (November 2010: negative net flow of EUR 736 million).

Credit to enterprises

The net flow of credit to enterprises in November 2011 was negative, amounting to EUR 614 million (November 2010: negative net flow of EUR 544 million) and the annual growth rate of credit stood at -0.5% from -0.4% in October 2011 (December 2010: 1.1%). More precisely, the annual growth rate of credit to non-financial enterprises stood at -1.0% in November 2011 from -0.9% in the previous month, while the annual growth rate of credit to insurance corporations and other financial intermediaries, which includes significant intra-group transactions, increased to 10.0% in November 2011 from 7.6% in October 2011.

Credit to sole proprietors and unincorporated partnerships

The net flow of credit to sole proprietors and unincorporated partnerships was negative, amounting to EUR 147 million in November 2011 (November 2010: negative net flow of EUR 16 million) and the annual rate of change of credit decreased to -6.5% in November 2011 from -5.7% in the previous month (December 2010: 0.3%).

Credit to individuals and private non-profit institutions

In November 2011, the net flow of credit to individuals and private non-profit institutions was negative, amounting to EUR 506 million (November 2010: negative net flow of EUR 177 million). As a result, the annual growth rate of credit to individuals and private non-profit institutions decreased further (November 2011: -3.8%, October 2011: -3.6%, December 2010: -1.2%).

Σχετικός σύνδεσμος: Bank credit to the domestic private sector - November 2011 - Table

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