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Bank credit to the domestic private sector: August 2013

26/09/2013 - Press Releases

The annual growth rate of total credit extended to the domestic private sector stood at -3.9% in August 2013, from -4.0% in the previous month. The net flow of total credit to the domestic private sector was negative, amounting to EUR 823 million (August 2012: negative net flow of EUR 1,046 million).

Credit to enterprises

The net flow of credit to enterprises, in August 2013, was negative, amounting to EUR 534 million (August 2012: negative net flow of EUR 657 million), and the annual growth rate of credit stood at -4.5%, compared with -4.6% in the previous month. In particular, the  annual  growth rate of credit  to  non-financial corporations remained unchanged at -3.9%, while the net flow of credit to non-financial corporations was negative and equal to EUR 453 million (August 2012: negative net flow of EUR 474 million). The annual growth rate of credit to insurance corporations and other financial intermediaries stood at -13.4% in August 2013, from -14.5% in July 2013.


Credit to sole proprietors and unincorporated partnerships

The net flow of credit to sole proprietors and unincorporated partnerships was negative, amounting to EUR 48 million (August 2012: negative net flow of EUR 42 million) and its annual rate of change remained the same as the previous month at -0.8%.

 

Credit to individuals and private non-profit institutions

In August 2013, the net flow of credit to individuals and private non-profit institutions was negative, amounting to EUR 240 million (August 2012: negative net flow of EUR 347 million), and its annual growth rate stood at -3.6%, compared with -3.7% in July 2013.

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

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