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Bank credit to the domestic private sector: May 2014

30/06/2014 - Press Releases

In May 2014, the annual growth rate of total credit extended to the domestic private sector stood at -3.5%, from -3.7% in the previous month. The net flow of total credit to the domestic private sector was negative, amounting to €963 million (May 2013: negative net flow of €1,551 million).

Credit to corporations

The net flow of credit to corporations, in May 2014, was negative, amounting to €801 million (May 2013: negative net flow of €1,209 million), and the annual growth rate of credit stood at -4.5%, compared with -4.8% in the previous month. In particular, the annual growth rate of credit to non-financial corporations stood at -4.4% compared with -4.6% in the previous month, while the net flow of credit to non-financial corporations was negative and equal to €793 million (May 2013: negative net flow of €1,042 million). The annual growth rate of credit to insurance corporations and other financial intermediaries stood at -5.2%, in May 2014, compared with -7.5% in April 2014.

Credit to sole proprietors and unincorporated partnerships

The net flow of credit to sole proprietors and unincorporated partnerships was positive, amounting to €84 million in May 2014 (May 2013: positive net flow of €54 million) and its annual growth rate stood at 1.0%, compared with 0.8% in the previous month.

Credit to individuals and private non-profit institutions

In May 2014, the net flow of credit to individuals and private non-profit institutions was negative, amounting to €246 million, (May 2013: negative net flow of €369 million) and its annual growth rate stood at -3.0%, compared with -3.2% in the previous month.

Related link: Bank credit to the domestic private sector: May 2014 - Table  

 

 

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