Bank credit to the domestic private sector: May 2015
26/06/2015 - Press Releases
In May 2015, the annual growth rate of total credit extended to the domestic private sector stood at -2.1%, against -2.4% in the previous month. The monthly net flow of total credit to the domestic private sector was negative at €253 million, against a negative net flow of €542 million in the previous month (1).
Credit to corporations
In May 2015, the monthly net flow of credit to corporations was positive at €35 million, against a negative net flow of €261 million in the previous month and the annual growth rate of credit stood at -1.1%, against -2.0% in the previous month. In particular, the annual growth rate of credit to non-financial corporations stood at -1.4%, from -2.2% in April 2015, while the monthly net flow of credit to non-financial corporations was negative at €38 million, against a negative net flow of €120 million in the previous month. The annual growth rate of credit to insurance corporations and other financial intermediaries stood at 2.8% in May 2015, from 1.6% in the previous month, while the monthly net flow of credit was positive at €72 million, against a negative net flow of €140 million in the previous month.
Credit to sole proprietors and unincorporated partnerships
In May 2015, the monthly net flow of credit to sole proprietors and unincorporated partnerships was positive at €3 million, against a positive net flow of €1 million in the previous month, while its annual growth rate stood at -1.2%, compared with -0.6% in the previous month.
Credit to individuals and private non-profit institutions
In May 2015, the monthly net flow of credit to individuals and private non-profit institutions was negative at €291 million, against a negative net flow of €282 million in the previous month, while its annual growth rate remained almost unchanged at -3.2%, compared with -3.1% in the previous month.
Related link: Bank credit to the domestic private sector: May 2015 - Table
(1) Net flows of credit do not exhibit a significant seasonal pattern. Thus, comparing the monthly net flow of May 2015 against the corresponding net flow of May 2014 is of no particular significance and it is preferable to compare the flows of two consecutive months.