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Bank credit to the domestic private sector: July 2011

05/09/2011 - Press Releases

The annual growth rate of total credit granted to the domestic private sector stood at -1.2% in July 2011, unchanged from the previous month (December 2010: 0.0%). The net flow of total credit to the domestic private sector was positive amounting to EUR 13 million (July 2010: negative net flow of EUR -126 million).

Credit to enterprises

The net flow of credit to enterprises in July 2011 was positive, amounting to EUR 564 million (July 2010: positive net flow of EUR 105 million) and the annual growth rate of credit increased to 0.6% from 0.2% in June 2011 (December 2010: 1.1%).

Credit to sole proprietors and unincorporated partnerships

The net flow of credit to sole proprietors and unincorporated partnerships was negative, amounting to EUR -53 million in July 2011 (July 2010: positive net flow of EUR 36 million), and the annual rate of change of credit decreased in comparison with the previous month (July 2011: -4.0%, June 2011: -3.4%, December 2010: 0.3%).

Credit to individuals and private non-profit institutions

In July 2011, the net flow of credit to individuals and private non-profit institutions was negative, amounting to EUR -497 million (July 2010: EUR -268 million). As a result, the annual growth rate of credit to individuals and private non-profit institutions slightly decreased further (July 2011: -2.7%, June 2011: -2.5%, December 2010: -1.2%).

Related link: Bank credit to the domestic private sector: July 2011 - Table

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