Bank credit to the domestic private sector: January 2016

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Bank credit to the domestic private sector: January 2016

24/02/2016 - Press Releases

In January 2016, the annual growth rate of total credit extended to the domestic private sector stood at -2.1% from -2.0% in the previous month. The monthly net flow of total credit to the domestic private sector was negative at €512 million, compared with a positive net flow of €210 million in the previous month.

Credit to corporations

In January 2016, the monthly net flow of credit to corporations was negative at €201 million, compared with a positive net flow of €355 million in the previous month, while the annual growth rate of credit stood at -1.4%, against -0.9% in the previous month. In particular, the annual growth rate of credit to non-financial corporations stood at -1.6% in January 2016, from -1.2% in December 2015, while the monthly net flow of credit to non-financial corporations was negative at €10 million, against a positive net flow of €411 million in the previous month. The annual growth rate of credit to insurance corporations and other financial intermediaries stood at 1.3% in January 2016, from 3.2% in the previous month, while the monthly net flow of credit was negative at €191 million, compared with a negative net flow of €56 million in the previous month.

Credit to sole proprietors and unincorporated partnerships

In January 2016, the monthly net flow of credit to sole proprietors and unincorporated partnerships was negative at €12 million, compared with a negative net flow of €47 million in the previous month, while its annual growth rate remained unchanged at -1.2%, compared to the previous month.

Credit to individuals and private non-profit institutions

In January 2016, the monthly net flow of credit to individuals and private non-profit institutions was negative at €299 million, compared with a negative net flow of €98 million in the previous month, and its annual growth rate stood at -3.0%, from -3.1% in the previous month.