Press Releases

Bank credit to the domestic private sector: April 2012

30/05/2012 - Press Releases

The annual growth rate of total credit to the domestic private sector decreased further to -4.7% in April 2012 from -4.0% in the previous month. The net flow of total credit to the domestic private sector was negative amounting to EUR 1,997 million (April 2011: negative net flow of EUR 377 million).

Credit to enterprises

The net flow of credit to enterprises in April 2012 was negative, amounting to EUR 1,514 million (April 2011: positive net flow of EUR 212 million) and the annual growth rate of credit decreased to -4.7% from -3.3% in the previous month. In particular, the annual growth rate of credit to non-financial enterprises decreased to -4.4% from -3.3% in March 2012 and the annual growth rate of credit to insurance corporations and other financial intermediaries decreased further to -11.3% in April 2012 from -4.1% in the previous month.

Credit to sole proprietors and unincorporated partnerships

The net flow of credit to sole proprietors and unincorporated partnerships was negative amounting to EUR 83 million (April 2011: negative net flow of EUR 191 million) and the annual rate of change of credit remained at negative level but increased to -6.6% in April 2012 from -7.2% in the previous month.

Credit to individuals and private non-profit institutions

In April 2012, the net flow of credit to individuals and private non-profit institutions was negative, amounting to EUR 399 million (April 2011: negative net flow of EUR 399 million). As a result, the annual growth rate of credit to individuals and private non-profit institutions stood at -4.4% in April 2012, unchanged from the previous month.

Related link: Bank credit to the domestic private sector: April 2012 - Table

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