Bank credit and deposits: January 2022
25/02/2022 - Press Releases
- The annual growth rate of total credit extended to the domestic economy stood at 9.9% in January 2022, compared with 10.2% in the previous month.
- The annual growth rate of total deposits stood at 8.1%, compared with 8.0% in the previous month.
- Deposits placed by the private sector decreased by €2,232 million in January 2022, compared with an increase of €4,260 million in the previous month.
I. Credit to the domestic economy
Τhe monthly net flow of total credit was positive by €1,519 million in January 2022, compared with a negative net flow of €1,498 million in the previous month.
Ι.1 Credit to the general government
In January 2022, the monthly net flow of credit to the general government was positive by €2,822 million, compared with a negative net flow of €3,416 million in the previous month; the annual growth rate decreased to 32.7% from 33.4% in the previous month.
Ι.2 Credit to the private sector
In January 2022, the annual growth rate of credit to the private sector decreased to 0.9% from 1.4% in the previous month. The monthly net flow of credit was negative by €1,304 million, compared with a positive net flow of €1,918 million in the previous month.
Ι.2.1 Credit to corporations
In January 2022, the monthly net flow of credit to corporations was negative by €994 million, compared with a positive net flow of €1,931 million in the previous month; the annual growth rate decreased to 3.5%, from 4.5% in the previous month. In particular, the annual growth rate of credit to non-financial corporations (NFCs) decreased to 2.8% from 3.7% in the previous month; the monthly net flow was negative by €637 million, compared with a positive net flow of €1,511 million in the previous month. The annual growth rate of credit to insurance corporations and other financial intermediaries decreased to 11.7% from 12.1% in the previous month; the monthly net flow was negative by €357 million, compared with a positive net flow of €420 million in the previous month.
Ι.2.2 Credit to sole proprietors and unincorporated partnerships
In January 2022, the monthly net flow of credit to sole proprietors and unincorporated partnerships was negative by €66 million, compared with a positive net flow of €88 million in the previous month; the annual growth rate decreased to 1.1% from 2.0% in the previous month.
Ι.2.3 Credit to individuals and private non-profit institutions
In January 2022, the monthly net flow of credit to individuals and private non-profit institutions was negative by €244 million, compared with a negative net flow of €102 million in the previous month; the annual growth rate remained unchanged at -2.4%.
II. Deposits by the domestic economy with the domestic credit institutions
Τhe monthly net flow of total deposits was negative by €1,962 million, compared with a positive net flow of €3,412 million in December 2021.
ΙΙ.1 Deposits placed by the general government
In January 2022, deposits placed by the general government increased by €270 million, compared with a decrease of €848 million in the previous month; the annual growth rate stood at -12.0%, compared with -20.9% in the previous month.
ΙΙ.2 Deposits placed by the private sector
In January 2022, deposits placed by the private sector decreased by €2,232 million, compared with an increase of €4,260 million in the previous month; the annual growth rate decreased to 9.3% from 9.9% in the previous month.
ΙΙ.2.1 Corporate deposits
In January 2022, corporate deposits decreased by €1,774 million, compared with an increase of €1,556 million in the previous month; the annual growth rate increased to 22.0% from 20.7% in the previous month. In particular, deposits from NFCs decreased by €2,387 million, against an increase of €2,265 million in the previous month. Deposits placed by insurance corporations and other financial intermediaries increased by €613 million, compared with a decrease of €710 million in the previous month.
ΙΙ.2.2 Deposits placed by households and private non-profit institutions
In January 2022, deposits placed by households and private non-profit institutions decreased by €457 million, compared with an increase of €2,705 million in the previous month; the annual growth rate decreased to 5.8% from 6.8% in the previous month.
Notes:
1. The general government includes central government, local government and social security funds.
2. Deposits include repos.
3. The Bank of Greece is not included in domestic credit institutions.
Related information:
The next Press Release on “Bank credit and deposits” for February 2022 will be published on 28 March 2022, in accordance with the Advance release calendar, published on the Bank of Greece website.
Related links:
Credit Aggregates
Bank Deposits