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Bank credit and deposits: May 2017

28/06/2017 - Press Releases

In May 2017, the annual growth rate of total credit extended to the economy remained unchanged at -1.6% from the previous month and the monthly net flow of total credit was negative at €301 million, compared with a positive net flow of €1,029 million in the previous month.

The annual growth rate of total deposits remained unchanged at 4.7% from the previous month and the monthly net flow of deposits was positive at €334 million, compared with a negative net flow of €49 million in April 2017.

I. Credit to the domestic economy

Ι.1 Credit to the general government(1)

In May 2017, the monthly net flow of credit to general government was positive at €94 million, compared with a positive net flow of €369 million in the previous month. The annual growth rate of credit to general government stood at -5.0% from -5.4%, in the previous month.

Ι.2 Credit to the private sector

In May 2017, the annual growth rate of credit to the private sector stood at -1.0% from -0.9% in the previous month. The monthly net flow of credit to the private sector was negative at €395 million, compared with a positive net flow of €659 million in the previous month.

Ι.2.1 Credit to corporations

In May 2017, the monthly net flow of credit to corporations was negative at €295 million, compared with a positive net flow of €763 million in the previous month and the annual growth rate of credit stood at 0.4% from 0.7% 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 negative at €168 million, against a positive net flow of €756 million in the previous month. The annual growth rate of credit to insurance corporations and other financial intermediaries stood at 1.2% in May 2017 from 3.0% in the previous month and the monthly net flow of credit was negative at €126 million, compared with a positive net flow of €7 million in the previous month.

Ι.2.2 Credit to sole proprietors and unincorporated partnerships

In May 2017, the monthly net flow of credit to sole proprietors and unincorporated partnerships was positive at €73 million, compared with a positive net flow of €11 million in the previous month and its annual growth rate stood at -0.5% from -1.1% in the previous month.

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

In May 2017, the monthly net flow of credit to individuals and private non-profit institutions was negative at €173 million, compared with a negative net flow of €115 million in the previous month, while its annual growth rate stood at -2.4% from -2.5% in the previous month.

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

ΙΙ.1 Deposits of the general government

In May 2017, deposits of the general government decreased by €305 million, compared with an increase of €91 million in the previous month and the annual growth rate stood at 22.1% from 27.4% in the previous month.

ΙΙ.2 Deposits of the private sector

In May 2017, deposits of the private sector increased by €638 million, compared with a decrease of €139 million in the previous month and the annual growth rate stood at 3.4% from 3.1% in the previous month.

ΙΙ.2.1 Corporate deposits

In May 2017, corporate deposits increased by €852 million, compared with a decrease of €583 million in the previous month, while the annual growth rate stood at 12.9% from 14.5% in the previous month. In particular, deposits from non-financial corporations increased by €665 million, against a decrease of €935 million in the previous month and deposits of insurance corporations and other financial intermediaries increased by €186 million in May 2017, compared with an increase of €352 million in the previous month.

ΙΙ.2.2 Deposits of households and non-profit institutions

In May 2017, deposits of households and non-profit institutions decreased by €214 million, compared with an increase of €444 million in the previous month, while the annual growth rate stood at 1.5% from 0.9% in the previous month.

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

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

(1) The general government includes central government, local government and social security funds.

(2) Including repos.

(3) Excluding the Bank of Greece.


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