Bank credit to the domestic private sector: May 2016
27/06/2016 - Press Releases
In May 2016, the annual growth rate of total credit extended to the domestic private sector stood at -2.0%, from -1.9% in the previous month. The monthly net flow of total credit to the domestic private sector was negative at €357 million, compared with a negative net flow of €156 million in the previous month.
Credit to corporations
In May 2016, the monthly net flow of credit to corporations was negative at €68 million, compared with a positive net flow of €85 million in the previous month, while the annual growth rate of credit stood at -1.2%, against -1.1% in the previous month. In particular, the annual growth rate of credit to non-financial corporations stood at -0.7%, from -0.6% in April 2016 and the monthly net flow of credit to non-financial corporations was negative at €70 million, against a positive net flow of €142 million in the previous month. The annual growth rate of credit to insurance corporations and other financial intermediaries stood at -8.7% in May 2016, from -7.7% in the previous month, while the monthly net flow of credit was positive at €2 million, compared with a negative net flow of €57 million in the previous month.
Credit to sole proprietors and unincorporated partnerships
In May 2016, the monthly net flow of credit to sole proprietors and unincorporated partnerships was negative at €14 million, compared with a negative net flow of €46 million in the previous month and its annual growth rate stood at -1.5%, from -1.3% in the previous month.
Credit to individuals and private non-profit institutions
In May 2016, the monthly net flow of credit to individuals and private non-profit institutions was negative at €275 million, compared with a negative net flow of €195 million in the previous month, while its annual growth rate remained at -2.9%, unchanged from the previous month.
Note: The next Press Release on “Bank credit to the domestic private sector” for June 2016 will be published on 27 July 2016.
Related link: Bank credit to the domestic private sector: May 2016 - Table