Bank credit and deposits: May 2024
27/06/2024 - Press Releases
- The annual growth rate of total credit extended to the domestic economy stood at 2.7% in May 2024, compared with 2.6% in the previous month.
- The annual growth rate of total deposits decreased to 1.1% in May 2024, compared to 1.3% in the previous month.
- Deposits placed by the private sector increased by €303 million in May 2024, compared with an increase of €384 million in the previous month.
I. Credit to the domestic economy
Τhe monthly net flow of total credit was positive by €659 million in May 2024, compared with a negative net flow of €815 million in the previous month.
Ι.1 Credit to the general government
In May 2024, the monthly net flow of credit to the general government was positive by €593 million, compared with a negative net flow of €26 million in the previous month; the annual growth rate stood at -0.5% from -0.4% in the previous month.
Ι.2 Credit to the private sector
In May 2024, the annual growth rate of credit to the private sector increased to 4.8% from 4.5% in the previous month. The monthly net flow of credit was positive by €66 million, compared with a negative net flow of €789 million in the previous month.
Ι.2.1 Credit to corporations
In May 2024, the monthly net flow of credit to corporations was positive by €105 million, compared with a negative net flow of €730 million in the previous month; the annual growth rate increased to 8.3% from 7.8% in the previous month. In particular, the annual growth rate of credit to non-financial corporations (NFCs) increased to 7.6% from 6.9% in the previous month; the monthly net flow was positive by €78 million, compared with a negative net flow of €298 million in the previous month. The annual growth rate of credit to insurance corporations and other financial intermediaries decreased to 13.7% from 15.8% in the previous month; the monthly net flow was positive by €27 million, compared with a negative net flow of €432 million in the previous month.
Ι.2.2 Credit to sole proprietors and unincorporated partnerships
In May 2024, the monthly net flow of credit to sole proprietors and unincorporated partnerships was negative by €7 million, compared with a negative net flow of €26 million in the previous month; the annual growth rate increased to 0.3% compared with -0.1% in the previous month.
Ι.2.3 Credit to individuals and private non-profit institutions
In May 2024, the monthly net flow of credit to individuals and private non-profit institutions was negative by €32 million, compared with a negative net flow of €34 million in the previous month; the annual growth rate stood at -1.0% compared with -1.1% in the previous month.
II. Deposits by the domestic economy with the domestic credit institutions
In May 2024, the monthly net flow of total deposits was positive by €363 million, compared with a positive net flow of €135 million in April 2024.
ΙΙ.1 Deposits placed by the general government
In May 2024, deposits placed by the general government increased by €60 million, compared with a decrease of €249 million in the previous month; the annual growth rate stood at -27.0% compared with -27.7% in the previous month.
ΙΙ.2 Deposits placed by the private sector
In May 2024, deposits placed by the private sector increased by €303 million, compared with an increase of €384 million in the previous month; the annual growth rate decreased to 2.5% from 2.8% in the previous month.
ΙΙ.2.1 Corporate deposits
In May 2024, corporate deposits increased by €577 million, compared with an increase of €36 million in the previous month; the annual growth rate decreased to 3.1% from 4.4% in the previous month. In particular, deposits from NFCs increased by €559 million, against a decrease of €154 million in the previous month. Deposits placed by insurance corporations and other financial intermediaries increased by €18 million, compared with an increase of €190 million in the previous month.
ΙΙ.2.2 Deposits placed by households and private non-profit institutions
In May 2024, deposits placed by households and private non-profit institutions decreased by €274 million, compared with an increase of €348 million in the previous month; the annual growth rate remained unchanged at 2.3% compared to the previous month.
Notes:
- The general government includes central government, local government and social security funds.
- Deposits include repos.
- The Bank of Greece is not included in domestic credit institutions.
Related information:
The next Press Release on “Bank credit and deposits” for June 2024 will be published on 25 July 2024, in accordance with the Advance release calendar, published on the Bank of Greece website.
Related links:
Credit Aggregates
Bank Deposits