Bank credit to the domestic private sector: March 2016
27/04/2016 - Press Releases
In March 2016, the annual growth rate of total credit extended to the domestic private sector stood at -2.1% from -2.3% in the previous month. The monthly net flow of total credit to the domestic private sector was negative at €146 million, compared with a negative net flow of €295 million in the previous month.
Credit to corporations
In March 2016, the monthly net flow of credit to corporations was positive at €224 million, compared with a negative net flow of €48 million in the previous month, while the annual growth rate of credit stood at -1.4%, against -1.9% in the previous month. In particular, the annual growth rate of credit to non-financial corporations stood at -0.9%, from -1.6% in February 2016, while the monthly net flow of credit to non-financial corporations was positive at €263 million, against a negative net flow of €49 million in the previous month. The annual growth rate of credit to insurance corporations and other financial intermediaries stood at -8.7% in March 2016, from -6.1% in the previous month, and the monthly net flow of credit was negative at €40 million, compared with a positive net flow of €1 million in the previous month.
Credit to sole proprietors and unincorporated partnerships
In March 2016, the monthly net flow of credit to sole proprietors and unincorporated partnerships was negative at €9 million, compared with a negative net flow of €20 million in the previous month, while its annual growth rate remained at -1.0%, unchanged from the previous month.
Credit to individuals and private non-profit institutions
In March 2016, the monthly net flow of credit to individuals and private non-profit institutions was negative at €361 million, compared with a negative net flow of €226 million in the previous month, and its annual growth rate stood at -3.0%, from -2.9% in the previous month.
Related link: Bank credit to the domestic private sector: March 2016 -Table