Bank credit to the domestic private sector: February 2011
30/03/2011 - Press Releases
The annual growth rate of total credit granted to the domestic private sector slightly decelerated further to -0.3% in February 2011, from -0.2% in January 2011 and 0.0% in December 2010. The net flow of total credit to the domestic private sector was positive amounting to €122 million.
Credit to enterprises
The net flow of credit to enterprises in February 2011 was positive, amounting to €278 million (February 2010: positive net flow of €458 million) and the annual growth rate of credit stood at 0.9% (January 2011: 1.0%, December 2010: 1.1%).
Credit to sole proprietors
The net flow of loans to sole proprietors (professionals, farmers and unincorporated businesses) was marginal negative, amounting to minus €16 million in February 2011, and its annual rate of change decreased in comparison with the previous month (February 2011: 0.0%, January 2011: 0.2%).
Credit to individuals & private non-profit institutions
The net flow of credit to individuals and private non-profit institutions in February 2011 was negative, amounting to minus €140 million (February 2010: positive net flow of €117 million). As a result, the annual growth rate of credit to individuals and private non-profit institutions slightly further decreased (February 2011: -1.6%, January 2011: -1.4%, December 2010: -1.3%).
Related link: Bank credit to the domestic private sector: February 2011 - Table