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Bank credit and deposits - October 2019

28/11/2019 - Press Releases

In October 2019, the annual growth rate of total credit extended to the domestic economy stood at -0.8% from -0.9% in the previous month and the monthly net flow was positive at €474 million, compared with a positive net flow of €182 million in the previous month.

The annual growth rate of total deposits stood at 3.7% from 4.0% in the previous month and the monthly net flow was positive at €50 million, compared with a positive net flow of €1,427 million in September 2019.

I.Credit to the domestic economy

Ι.1 Credit to the general government(1)

In October 2019, the monthly net flow of credit to the general government was positive at €905 million, compared with a positive net flow of €273 million in the previous month; the annual growth rate stood at -4.3% from -3.1% in the previous month.

Ι.2 Credit to the private sector

In October 2019, the annual growth rate of credit to the private sector stood at     -0.2% from -0.5% in the previous month. The monthly net flow of credit to the private sector was negative at €431 million, compared with a negative net flow of €92 million in the previous month.

Ι.2.1 Credit to corporations

In October 2019, the monthly net flow of credit to corporations was negative at €68 million, compared with a negative net flow of €3 million in the previous month; the annual growth rate stood at 2.5% from 1.9% in the previous month. In particular, the annual growth rate of credit to non-financial corporations stood at 2.5% from 2.2% in the previous month, while the monthly net flow was negative at €128 million, against a negative net flow of €29 million in the previous month. The annual growth rate of credit to insurance corporations and other financial intermediaries stood at 2.5% from -1.9% in the previous month and the monthly net flow was positive at €60 million, compared with a positive net flow of €27 million in the previous month.

Ι.2.2 Credit to sole proprietors and unincorporated partnerships

In October 2019, the monthly net flow of credit to sole proprietors and unincorporated partnerships was negative at €95 million, compared with a positive net flow of €39 million in the previous month; the annual growth rate stood at -2.0% from -2.1% in the previous month.

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

In October 2019, the monthly net flow of credit to individuals and private non-profit institutions was negative at €268 million, compared with a negative net flow of €128 million in the previous month; the annual growth rate stood at -2.8% from -2.9% 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 October 2019, deposits placed by the general government decreased by €593 million, compared with an increase of €2,049 million in the previous month and the annual growth rate stood at -17.7% from -10.1% in the previous month.

ΙΙ.2 Deposits placed by the private sector

In October 2019, deposits placed by the private sector increased by €643 million, compared with a decrease of €622 million in the previous month and the annual growth rate stood at 6.4% from 5.7% in the previous month.

ΙΙ.2.1 Corporate deposits

In October 2019, corporate deposits increased by €186 million, compared with a decrease of €723 million in the previous month and the annual growth rate stood at 6.1% from 4.1% in the previous month. In particular, deposits from non-financial corporations decreased by €272 million, against a decrease of €467 million in the previous month. Deposits placed by insurance corporations and other financial intermediaries increased by €458 million, compared with a decrease of €256 million in the previous month.

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

In October 2019, deposits placed by households and private non-profit institutions increased by €457 million, compared with an increase of €101 million in the previous month; the annual growth rate stood at 6.5% from 6.0% in the previous month.

Note: The next Press Release on “Bank credit and deposits” for November 2019 will be published on 3 January 2020, 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.

 
 

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