Bank credit and deposits: November 2024
02/01/2025 - Press Releases
- The annual growth rate of total credit extended to the domestic economy increased to 5.0% in November 2024 from 4.5% in the previous month.
- The annual growth rate of total deposits increased to 4.7% in November 2024 from 2.7% in the previous month.
- Deposits placed by the private sector increased by €2,269 million in November 2024, compared with a decrease of €2,258 million in the previous month.
I. Credit to the domestic economy
Τhe monthly net flow of total credit was positive by €2,539 million in November 2024, compared with a positive net flow of €2,775 million in the previous month.
Ι.1 Credit to the general government
In November 2024, the monthly net flow of credit to the general government was positive by €607 million, compared with a positive net flow of €894 million in the previous month; the annual growth rate stood at -2.3%, compared with -2.4% in the previous month.
Ι.2 Credit to the private sector
In November 2024, the annual growth rate of credit to the private sector increased to 10.0% from 9.1% in the previous month. The monthly net flow of credit was positive by €1,931 million, compared with a positive net flow of €1,881 million in the previous month.
Ι.2.1 Credit to corporations
In November 2024, the monthly net flow of credit to corporations was positive by €1,898 million, compared with a positive net flow of €2,020 million in the previous month; the annual growth rate increased to 16.2% from 14.8% in the previous month. In particular, the annual growth rate of credit to non-financial corporations (NFCs) increased to 15.8% from 13.4% in the previous month; the monthly net flow was positive by €1,558 million, compared with a positive net flow of €2,198 million in the previous month. The annual growth rate of credit to insurance corporations and other financial intermediaries decreased to 20.1% from 26.8% in the previous month; the monthly net flow was positive by €341 million, compared with a negative net flow of €177 million in the previous month.
Ι.2.2 Credit to sole proprietors and unincorporated partnerships
In November 2024, the monthly net flow of credit to sole proprietors and unincorporated partnerships was positive by €12 million, compared with a negative net flow of €61 million in the previous month; the annual growth rate stood at 0.5%, compared with 0.4% in the previous month.
Ι.2.3 Credit to individuals and private non-profit institutions
In November 2024, the monthly net flow of credit to individuals and private non-profit institutions was positive by €21 million, compared with a negative net flow of €78 million in the previous month; the annual growth rate stood at -0.7%, unchanged from the previous month.
II. Deposits by the domestic economy with the domestic credit institutions
In November 2024, the monthly net flow of total deposits was positive by €3,068 million, compared with a negative net flow of €1,869 million in October 2024.
ΙΙ.1 Deposits placed by the general government
In November 2024, deposits placed by the general government increased by €799 million, compared with an increase of €389 million in the previous month; the annual growth rate stood at -1.7%, compared with -12.1% in the previous month.
ΙΙ.2 Deposits placed by the private sector
In November 2024, deposits placed by the private sector increased by €2,269 million, compared with a decrease of €2,258 million in the previous month; the annual growth rate increased to 5.0% from 3.3% in the previous month.
ΙΙ.2.1 Corporate deposits
In November 2024, corporate deposits increased by €1,718 million, compared with a decrease of €2,122 million in the previous month; the annual growth rate increased to 11.9% from 6.3% in the previous month. In particular, deposits from NFCs increased by €1,368 million, against a decrease of €2,286 million in the previous month. Deposits placed by insurance corporations and other financial intermediaries increased by €350 million, compared with an increase of €164 million in the previous month.
ΙΙ.2.2 Deposits placed by households and private non-profit institutions
In November 2024, deposits placed by households and private non-profit institutions increased by €551 million, compared with a decrease of €137 million in the previous month; the annual growth rate increased to 2.8% from 2.3%, in the previous month.
Notes:
- The general government includes central government, local government and social security funds.
- Deposits include repos.
- The Bank of Greece is not included in domestic credit institutions.
Related information:
The next Press Release on “Bank credit and deposits” for December 2024 will be published on 29 January 2025, in accordance with the Advance release calendar, published on the Bank of Greece website.
Related links:
Credit Aggregates
Bank Deposits