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Bank credit and deposits: August 2017

27/09/2017 - Press Releases

In August 2017, the annual growth rate of total credit extended to the economy stood at -1.5% from -1.8% in the previous month and the monthly net flow was negative at €241 million, compared with a negative net flow of €714 million in the previous month.

The annual growth rate of total deposits stood at 4.7% from 4.2% in the previous month and the monthly net flow was positive at €1,500 million, compared with a positive net flow of €946 million in July 2017.

I. Credit to the domestic economy

Ι.1 Credit to the general government
(1)

In August 2017, the monthly net flow of credit to general government was positive at €72 million, compared with a negative net flow of €258 million in the previous month. The annual growth rate of credit to general government stood at -5.0% from -5.2%, in the previous month.

Ι.2 Credit to the private sector

In August 2017, the annual growth rate of credit to the private sector stood at -0.9% from -1.2% in the previous month. The monthly net flow of credit to the private sector was negative at €313 million, compared with a negative net flow of €456 million in the previous month.

Ι.2.1 Credit to corporations

In August 2017, the monthly net flow of credit to corporations was negative at €134 million, compared with a negative net flow of €282 million in the previous month and the annual growth rate of credit stood at 0.3% from -0.2% in the previous month. In particular, the annual growth rate of credit to non-financial corporations stood at -0.2% from -0.5% in the previous month and the monthly net flow of credit was negative at €204 million, against a negative net flow of €548 million in the previous month. The annual growth rate of credit to insurance corporations and other financial intermediaries stood at 6.7% in August 2017 from 4.7% in the previous month and the monthly net flow of credit was positive at €70 million, compared with a positive net flow of €266 million in the previous month.

Ι.2.2 Credit to sole proprietors and unincorporated partnerships

In August 2017, the monthly net flow of credit to sole proprietors and unincorporated partnerships was negative at €28 million, compared with a negative net flow of €11 million in the previous month, while its annual growth rate stood at -0.2%, unchanged from the previous month.

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

In August 2017, the monthly net flow of credit to individuals and private non-profit institutions was negative at €150 million, compared with a negative net flow of €164 million in the previous month and its annual growth rate stood at -2.3% from -2.4% in the previous month.


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

ΙΙ.1 Deposits of the general government


In August 2017, deposits of the general government increased by €93 million, compared with an increase of €18 million in the previous month and the annual growth rate stood at 9.5% from 2.8% in the previous month.

ΙΙ.2 Deposits of the private sector

In August 2017, deposits of the private sector increased by €1,407 million, compared with an increase of €928 million in the previous month, while the annual growth rate stood at 4.3%, unchanged from the previous month.

ΙΙ.2.1 Corporate deposits

In August 2017, corporate deposits increased by €716 million, compared with an increase of €512 million in the previous month and the annual growth rate stood at 13.0% from 15.3% in the previous month. In particular, deposits from non-financial corporations increased by €689 million, against a decrease of €93 million in the previous month, while deposits of insurance corporations and other financial intermediaries increased by €27 million in August 2017, compared with an increase of €605 million in the previous month.

ΙΙ.2.2 Deposits of households and non-profit institutions

In August 2017, deposits of households and non-profit institutions increased by €691 million, compared with an increase of €416 million in the previous month, while the annual growth rate stood at 2.5% from 2.1% in the previous month.


Note: The next Press Release on “Bank credit and deposits” for September 2017 will be published on 26 October 2017.

 Related link: Bank credit and deposits: August 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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