Bank credit and deposits: December 2024
29/01/2025 - Press Releases
- The annual growth rate of total credit extended to the domestic economy increased to 5.3% in December 2024 from 5.0% in the previous month.
- The annual growth rate of total deposits remained almost unchanged at 4.6% in December 2024.
- Deposits placed by the private sector increased by €5,654 million in December 2024, compared with an increase of €2,269 million in the previous month.
Ι. Credit to the domestic economy
Τhe monthly net flow of total credit was positive by €3,636 million in December 2024, compared with a positive net flow of €2,489 million in the previous month.
Ι.1 Credit to the general government
In December 2024, the monthly net flow of credit to the general government was positive by €588 million, compared with a positive net flow of €558 million in the previous month; the annual growth rate stood at -0.2%, compared with -2.4% in the previous month.
Ι.2 Credit to the private sector
In December 2024, the annual growth rate of credit to the private sector decreased to 8.9% from 10.0% in the previous month. The monthly net flow of credit was positive by €3,048 million, compared with a positive net flow of €1,931 million in the previous month.
Ι.2.1 Credit to corporations
In December 2024, the monthly net flow of credit to corporations was positive by €2,891 million, compared with a positive net flow of €1,898 million in the previous month; the annual growth rate decreased to 14.0% from 16.2% in the previous month. In particular, the annual growth rate of credit to non-financial corporations (NFCs) decreased to 13.8% from 16.0% in the previous month; the monthly net flow was positive by €2,000 million, compared with a positive net flow of €1,706 million in the previous month. The annual growth rate of credit to insurance corporations and other financial intermediaries decreased to 15.8% from 18.2% in the previous month; the monthly net flow was positive by €891 million, compared with a positive net flow of €192 million in the previous month.
Ι.2.2 Credit to sole proprietors and unincorporated partnerships
In December 2024, the monthly net flow of credit to sole proprietors and unincorporated partnerships was positive by €102 million, compared with a positive net flow of €12 million in the previous month; the annual growth rate stood at 0.7%, compared with 0.5% in the previous month.
Ι.2.3 Credit to individuals and private non-profit institutions
In December 2024, the monthly net flow of credit to individuals and private non-profit institutions was positive by €55 million, compared with a positive net flow of €21 million in the previous month; the annual growth rate stood at -0.5%, compared with -0.7% in the previous month.
ΙΙ. Deposits by the domestic economy with the domestic credit institutions
In December 2024, the monthly net flow of total deposits was positive by €5,243 million, compared with a positive net flow of €3,068 million in November 2024.
ΙΙ.1 Deposits placed by the general government
In December 2024, deposits placed by the general government decreased by €411 million, compared with an increase of €799 million in the previous month; the annual growth rate increased to 7.5%, from -1.7% in the previous month.
ΙΙ.2 Deposits placed by the private sector
In December 2024, deposits placed by the private sector increased by €5,654 million, compared with an increase of €2,269 million in the previous month; the annual growth rate decreased to 4.5% from 5.0% in the previous month.
ΙΙ.2.1 Corporate deposits
In December 2024, corporate deposits increased by €3,161 million, compared with an increase of €1,718 million in the previous month; the annual growth rate decreased to 10.8% from 11.9% in the previous month. In particular, deposits from NFCs increased by €2,919 million, against an increase of €1,368 million in the previous month. Deposits placed by insurance corporations and other financial intermediaries increased by €242 million, compared with an increase of €350 million in the previous month.
ΙΙ.2.2 Deposits placed by households and private non-profit institutions
In December 2024, deposits placed by households and private non-profit institutions increased by €2,493 million, compared with an increase of €551 million in the previous month; the annual growth rate decreased to 2.4% from 2.8%, in the previous month.
Notes:
1. The general government includes central government, local government and social security funds.
2. Deposits include repos.
3. The Bank of Greece is not included in domestic credit institutions.
Related information:
The next Press Release on “Bank credit and deposits” for January 2025 will be published on 27 February 2025, in accordance with the Advance release calendar, published on the Bank of Greece website.
Related links:
Credit Aggregates
Bank Deposits