Bank credit to the domestic private sector: December 2014
29/01/2015 - Press Releases
In December 2014, the annual growth rate of total credit extended to the domestic private sector stood at -3.1% compared with -3.0% in the previous month. The net flow of total credit to the domestic private sector was negative, at €234 million (December 2013: negative net flow of €170 million).
Credit to corporations
The net flow of credit to corporations in December 2014 was negative, at €155 million (December 2013: negative net flow of €110 million), and the annual growth rate of credit stood at -3.7%, compared with -3.6% in the previous month. In particular, the annual growth rate of credit to non-financial corporations remained unchanged at -3.3%, compared with the previous month, while the net flow of credit to non-financial corporations was negative, at €131 million (December 2013: negative net flow of €91 million). The annual growth rate of credit to insurance corporations and other financial intermediaries stood at -8.8% in December 2014, compared with -8.7% in the previous month.
Credit to sole proprietors and unincorporated partnerships
The net flow of credit to sole proprietors and unincorporated partnerships was positive, at €38 million in December 2014 (against a positive net flow of €76 million in December 2013), while its annual growth rate stood at -0.3%, compared with 0.0% in the previous month.
Credit to individuals and private non-profit institutions
In December 2014, the net flow of credit to individuals and private non-profit institutions was negative, at €117 million (December 2013: negative net flow of €136 million), while its annual growth rate remained unchanged at -2.9%, compared with the previous month.
Related link: Bank credit to the domestic private sector: December 2014 - Table