Bank credit and deposits: April 2018

29/05/2018 - Press Releases

In April 2018, the annual growth rate of total credit extended to the economy stood at -3.0% from -2.0% in the previous month and the monthly net flow was negative at €1,163 million, compared with a negative net flow of €852 million in the previous month.

The annual growth rate of total deposits stood at 9.3% from 8.7% in the previous month and the monthly net flow was positive at €755 million, compared with a positive net flow of €786 million in March 2018.

I. Credit to the domestic economy

Ι.1 Credit to the general government (1)

In April 2018, the monthly net flow of credit to the general government was positive at €4 million, compared with a negative net flow of €1,069 million in the previous month. The annual growth rate of credit to the general government stood at -9.5% from -8.5% in the previous month.

Ι.2 Credit to the private sector

In April 2018, the annual growth rate of credit to the private sector stood at -1.9% from -1.0% in the previous month. The monthly net flow of credit to the private sector was negative at €1,167 million, compared with a positive net flow of €217 million in the previous month.

Ι.2.1 Credit to corporations

In April 2018, the monthly net flow of credit to corporations was negative at €1,010 million, compared with a positive net flow of €389 million in the previous month; the annual growth rate stood at -1.8% from 0.1% in the previous month. In particular, the annual growth rate of credit to non-financial corporations stood at -1.9% from -0.2% in the previous month and the monthly net flow of credit was negative at €731 million, against a positive net flow of €225 million in the previous month. The annual growth rate of credit to insurance corporations and other financial intermediaries stood at 0.4% from 4.6% in the previous month, while the monthly net flow was negative at €278 million, compared with a positive net flow of €164 million in the previous month.

Ι.2.2 Credit to sole proprietors and unincorporated partnerships

In April 2018, the monthly net flow of credit to sole proprietors and unincorporated partnerships was positive at €6 million, compared with a negative net flow of €12 million in the previous month; the annual growth rate stood at -0.9% from -0.8% in the previous month.

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

In April 2018, the monthly net flow of credit to individuals and private non-profit institutions was negative at €164 million, compared with a negative net flow of €159 million in the previous month; the annual growth rate stood at -2.3% from -2.2% in the previous month.

II. Deposits (2) by the domestic economy with the domestic credit institutions (3)

ΙΙ.1 Deposits placed by the general government

In April 2018, deposits by the general government decreased by €115 million, compared with a decrease of €357 million in the previous month, while the annual growth rate stood at 32.8% from 35.3% in the previous month.

ΙΙ.2 Deposits placed by the private sector

In April 2018, deposits placed by the private sector increased by €870 million, compared with an increase of €1,143 million in the previous month, while the annual growth rate stood at 7.2% from 6.3% in the previous month.

ΙΙ.2.1 Corporate deposits

In April 2018, corporate deposits increased by €866 million, compared with an increase of €151 million in the previous month and the annual growth rate stood at 14.9% from 7.4% in the previous month. In particular, deposits from non-financial corporations increased by €120 million, against an increase of €653 million in the previous month and deposits placed by insurance corporations and other financial intermediaries increased by €746 million, in April 2018, compared with a decrease of €502 million in the previous month.

ΙΙ.2.2 Deposits placed by households and private non-profit institutions

In April 2018, deposits placed by households and private non-profit institutions increased by €4 million, compared with an increase of €992 million in the previous month and the annual growth rate stood at 5.6% from 6.1% in the previous month.

Note: The next Press Release on “Bank credit and deposits” for May 2018 will be published on 27 June 2018, in accordance with the Advance release calendar, published on the Bank of Greece website.

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