Bank credit to the domestic private sector: June 2014
25/07/2014 - Press Releases
In June 2014, the annual growth rate of total credit extended to the domestic private sector stood at -3.5%, unchanged compared to the previous month. The net flow of total credit to the domestic private sector was negative, amounting to €324 million (June 2013: negative net flow of €212 million).
Credit to corporations
The net flow of credit to corporations, in June 2014, was negative, amounting to €266 million (June 2013: negative net flow of €63 million), and the annual growth rate of credit stood at -4.7%, compared with -4.5% in the previous month. In particular, the annual growth rate of credit to non-financial corporations stood at -4.7% compared with -4.4% in the previous month, while the net flow of credit to non-financial corporations was negative and equal to €319 million (June 2013: negative net flow of €42 million). The annual growth rate of credit to insurance corporations and other financial intermediaries stood at -4.1%, in June 2014, compared with -5.2% in May 2014.
Credit to sole proprietors and unincorporated partnerships
The net flow of credit to sole proprietors and unincorporated partnerships was positive, amounting to €71 million in June 2014 (June 2013: positive net flow of €12 million) and its annual growth rate stood at 1.5%, compared with 1.0% in the previous month.
Credit to individuals and private non-profit institutions
In June 2014, the net flow of credit to individuals and private non-profit institutions was negative, amounting to €128 million, (June 2013: negative net flow of €161 million) and its annual growth rate stood at -3.0%, unchanged from the previous month.
Related link: Bank credit to the domestic private sector: June 2014 - Table