Bank credit and deposits: April 2017
29/05/2017 - Press Releases
In April 2017, the annual growth rate of total credit extended to the economy stood at -1.6% from -1.7% in the previous month and the monthly net flow of total credit was positive at €1,029 million, compared with a negative net flow of €361 million in the previous month.
The annual growth rate of total deposits stood at 4.7% from 3.9% in the previous month and the monthly net flow of deposits was negative at €49 million, compared with a negative net flow of €399 million in March 2017.
I. Credit to the domestic economy
Ι.1 Credit to the general government (1)
In April 2017, the monthly net flow of credit to general government was positive at €370 million, compared with a negative net flow of €668 million in the previous month. The annual growth rate of credit to general government stood at -5.4% from -3.9%, in the previous month.
Ι.2 Credit to the private sector
In April 2017, the annual growth rate of credit to the domestic private sector stood at -0.9% from -1.3%, in the previous month. The monthly net flow of credit to the domestic private sector was positive at €659 million, compared with a positive net flow of €307 million in the previous month.
Ι.2.1 Credit to corporations
In April 2017, the monthly net flow of credit to corporations was positive at €763 million, compared with a positive net flow of €506 million in the previous month and the annual growth rate of credit stood at 0.7% from -0.1% in the previous month. In particular, the annual growth rate of credit to non-financial corporations stood at 0.5% from -0.2% in the previous month and the monthly net flow of credit was positive at €756 million, against a positive net flow of €471 million in the previous month. The annual growth rate of credit to insurance corporations and other financial intermediaries stood at 3.0% in April 2017 from 2.1% in the previous month, while the monthly net flow of credit was positive at €7 million, compared with a positive net flow of €35 million in the previous month.
Ι.2.2 Credit to sole proprietors and unincorporated partnerships
In April 2017, the monthly net flow of credit to sole proprietors and unincorporated partnerships was positive at €11 million, compared with a positive net flow of €58 million in the previous month, while its annual growth rate stood at -1.1% from -1.6% in the previous month.
Ι.2.3 Credit to individuals and private non-profit institutions
In April 2017, the monthly net flow of credit to individuals and private non-profit institutions was negative at €115 million, compared with a negative net flow of €257 million in the previous month and its annual growth rate stood at -2.5% from -2.6% in the previous month.
II. Deposits (2) of the total economy in credit institutions (3)
ΙΙ.1 Deposits of the general government
In April 2017, deposits of the general government increased by €91 million, compared with a decrease of €677 million in the previous month and the annual growth rate stood at 27.4% from 13.1% in the previous month.
ΙΙ.2 Deposits of the private sector
In April 2017, deposits of the private sector decreased by €139 million, compared with an increase of €278 million in the previous month and the annual growth rate stood at 3.1%, unchanged from the previous month.
ΙΙ.2.1 Corporate deposits
In April 2017, corporate deposits decreased by €583 million, compared with an increase of €590 million in the previous month, while the annual growth rate stood at 14.5% from 12.7% in the previous month. In particular, deposits from non-financial corporations decreased by €935 million, against an increase of €1,284 million in the previous month, while the deposits of insurance corporations and other financial intermediaries increased by €352 million in April 2017, compared with a decrease of €695 million in the previous month.
ΙΙ.2.2 Deposits of households and non-profit institutions
In April 2017, deposits of households and non-profit institutions increased by €444 million, compared with a decrease of €312 million in the previous month, while the annual growth rate stood at 0.9%, from 1.2% in the previous month.
Note: The next Press Release on “Bank credit and deposits” for May 2017 will be published on 28 June 2017.
(1) The general government includes central government, local government and social security funds.
(2) Including repos.
(3) Excluding the Bank of Greece.
Related link: Bank credit and deposits: April 2017 - Table