Bank credit and deposits: June 2017

27/07/2017 - Press Releases

In June 2017, the annual growth rate of total credit extended to the economy stood at -1.8% from -1.6% in the previous month and the monthly net flow was negative at €1,322 million, compared with a negative net flow of €301 million in the previous month.

The annual growth rate of total deposits stood at 4.2% from 4.7% in the previous month, while the monthly net flow was positive at €950 million, compared with a positive net flow of €334 million in May 2017.

I. Credit to the domestic economy

Ι.1 Credit to the general government (1)

In June 2017, the monthly net flow of credit to general government was negative at €1,116 million, compared with a positive net flow of €94 million in the previous month. The annual growth rate of credit to general government stood at -4.6% from -5.0%, in the previous month.

Ι.2 Credit to the private sector

In June 2017, the annual growth rate of credit to the private sector stood at -1.3% from -1.0% in the previous month. The monthly net flow of credit to the private sector was negative at €206 million, compared with a negative net flow of €395 million in the previous month.

Ι.2.1 Credit to corporations

In June 2017, the monthly net flow of credit to corporations was negative at €98 million, compared with a negative net flow of €295 million in the previous month, while the annual growth rate of credit stood at -0.3% from 0.4% in the previous month. In particular, the annual growth rate of credit to non-financial corporations stood at -0.2% from 0.4% in the previous month, while the monthly net flow of credit was negative at €151 million, against a negative net flow of €168 million in the previous month. The annual growth rate of credit to insurance corporations and other financial intermediaries stood at -1.1% in June 2017 from 1.2% in the previous month, while the monthly net flow of credit was positive at €53 million, compared with a negative net flow of €126 million in the previous month.

Ι.2.2 Credit to sole proprietors and unincorporated partnerships

In June 2017, the monthly net flow of credit to sole proprietors and unincorporated partnerships was positive at €24 million, compared with a positive net flow of €73 million in the previous month, while its annual growth rate stood at -0.4% from -0.5% in the previous month.

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

In June 2017, the monthly net flow of credit to individuals and private non-profit institutions was negative at €132 million, compared with a negative net flow of €173 million in the previous month and its annual growth rate remained unchanged at -2.5% from the previous month.

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

ΙΙ.1 Deposits of the general government

In June 2017, deposits of the general government decreased by €140 million, compared with a decrease of €305 million in the previous month, while the annual growth rate stood at 15.0% from 22.1% in the previous month.

ΙΙ.2 Deposits of the private sector

In June 2017, deposits of the private sector increased by €1,090 million, compared with an increase of €638 million in the previous month and the annual growth remained unchanged at 3.4% from the previous month.

ΙΙ.2.1 Corporate deposits

In June 2017, corporate deposits increased by €320 million, compared with an increase of €852 million in the previous month and the annual growth rate stood at 10.7% from 12.9% in the previous month. In particular, deposits from non-financial corporations increased by €947 million, against an increase of €665 million in the previous month, while deposits of insurance corporations and other financial intermediaries decreased by €628 million in June 2017, compared with an increase of €186 million in the previous month.

ΙΙ.2.2 Deposits of households and non-profit institutions

In June 2017, deposits of households and non-profit institutions increased by €771 million, compared with a decrease of €214 million in the previous month and the annual growth rate stood at 1.9% from 1.5% in the previous month.

Note: The next Press Release on “Bank credit and deposits” for July 2017 will be published on 28 August 2017.

(1) The general government includes central government, local government and social security funds.
(2) Including repos.
(3) Excluding the Bank of Greece.