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Bank credit and deposits: July 2017

28/08/2017 - Press Releases

In July 2017, the annual growth rate of total credit extended to the economy remained unchanged at -1.8% from the previous month and the monthly net flow was negative at €693 million, compared with a negative net flow of €1,319 million in the previous month.

The annual growth rate of total deposits remained unchanged at 4.2% from the previous month and the monthly net flow was positive at €946 million, compared with a positive net flow of €950 million in June 2017.

I. Credit to the domestic economy

Ι.1 Credit to the general government
(1)

In July 2017, the monthly net flow of credit to general government was negative at €258 million, compared with a negative net flow of €1,116 million in the previous month. The annual growth rate of credit to general government stood at -5.2% from -4.6%, in the previous month.

Ι.2 Credit to the private sector

In July 2017, the annual growth rate of credit to the private sector stood at -1.2% from -1.3% in the previous month. The monthly net flow of credit to the private sector was negative at €435 million, compared with a negative net flow of €203 million in the previous month.

Ι.2.1 Credit to corporations

In July 2017, the monthly net flow of credit to corporations was negative at €266 million, compared with a negative net flow of €95 million in the previous month, while the annual growth rate of credit stood at -0.1% from -0.3% 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 negative at €532 million, against a negative net flow of €148 million in the previous month. The annual growth rate of credit to insurance corporations and other financial intermediaries stood at 4.7% in July 2017 from -1.1% in the previous month and the monthly net flow of credit was positive at €266 million, compared with a positive net flow of €53 million in the previous month.

Ι.2.2 Credit to sole proprietors and unincorporated partnerships

In July 2017, the monthly net flow of credit to sole proprietors and unincorporated partnerships was negative at €7 million, compared with a positive net flow of €24 million in the previous month, while its annual growth rate stood at -0.2% from -0.4% in the previous month.

Ι.2.3 Credit to individuals and private non-profit institutions

In July 2017, the monthly net flow of credit to individuals and private non-profit institutions was negative at €163 million, compared with a negative net flow of €132 million in the previous month, while its annual growth rate stood at -2.4% from -2.5% in the previous month.


II. Deposits (2) of the total economy with credit institutions (3)

ΙΙ.1 Deposits of the general government

In July 2017, deposits of the general government increased by €19 million, compared with a decrease of €140 million in the previous month, while the annual growth rate stood at 2.8% from 15.0% in the previous month.

ΙΙ.2 Deposits of the private sector

In July 2017, deposits of the private sector increased by €927 million, compared with an increase of €1,090 million in the previous month, while the annual growth rate stood at 4.3% from 3.4% the previous month.

ΙΙ.2.1 Corporate deposits

In July 2017, corporate deposits increased by €512 million, compared with an increase of €320 million in the previous month and the annual growth rate stood at 15.3% from 10.7% in the previous month. In particular, deposits from non-financial corporations decreased by €93 million, against an increase of €947 million in the previous month, while deposits of insurance corporations and other financial intermediaries increased by €605 million in July 2017, compared with a decrease of €628 million in the previous month.

ΙΙ.2.2 Deposits of households and non-profit institutions

In July 2017, deposits of households and non-profit institutions increased by €415 million, compared with an increase of €771 million in the previous month, while the annual growth rate stood at 2.1% from 1.9% in the previous month.



Note: The next Press Release on “Bank credit and deposits” for August 2017 will be published on 27 September 2017.

Related link: Bank credit and deposits - July 2017 - Table

(1) The general government includes central government, local government and social security funds.
(2) Including repos.
(3) Excluding the Bank of Greece.

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