Press Releases

Bank credit to the domestic private sector: September 2012

25/10/2012 - Press Releases

The annual growth rate of total credit extended to the domestic private sector was less negative at -4.5% in September 2012, compared with -4.8% in August 2012, and the net flow of total credit to the domestic private sector was negative, amounting to EUR 468 million (September 2011: negative net flow of EUR 1,059 million).

Credit to enterprises

The net flow of credit to enterprises in September 2012 was negative, amounting to EUR 158 million (September 2011: negative net flow of EUR 584 million), and the annual growth rate of credit was less negative at -4.9%, from -5.3% in the previous month. In particular, the annual growth rate of credit to non-financial enterprises remained unchanged at -4.6%, while the annual growth rate of credit to insurance corporations and other financial intermediaries was less negative at -10.2%, in September 2012, from -17.0% in August 2012.

Credit to sole proprietors and unincorporated partnerships

The net flow of credit to sole proprietors and unincorporated partnerships was marginally positive, amounting to EUR 2 million (September 2011: negative net flow of EUR 108 million), and the annual rate of change of credit was less negative than in the previous month (September 2012: -4.1%, August 2012: -4.7%).

Credit to individuals and private non-profit institutions

In September 2012, the net flow of credit to individuals and private non-profit institutions was negative, amounting to EUR 312 million (September 2011: negative net flow of EUR 367 million), and the annual growth rate of credit to individuals and private non-profit institutions stood at -4.2% in September 2012, unchanged from the previous month.

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

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