Bank credit and deposits: April 2019

28/05/2019 - Press Releases

In April 2019, the annual growth rate of total credit extended to the domestic economy stood at zero from -0.6% in the previous month, while the monthly net flow was negative at €92 million, compared with a positive net flow of €522 million in the previous month.

The annual growth rate of total deposits stood at 5.7% from 6.9% in the previous month and the monthly net flow was negative at €889 million, compared with a positive net flow of €389 million in March 2019.

I. Credit to the domestic economy

Ι.1 Credit to the general government(1)

In April 2019, the monthly net flow of credit to the general government was positive at €222 million, compared with a positive net flow of €324 million in the previous month. The annual growth rate of credit to the general government stood at 0.6% from -0.1% in the previous month.

Ι.2 Credit to the private sector

In April 2019, the annual growth rate of credit to the private sector stood at -0.1% from -0.6% in the previous month. The monthly net flow of credit to the private sector was negative at €314 million, compared with a positive net flow of €198 million in the previous month.

Ι.2.1 Credit to corporations

In April 2019, the monthly net flow of credit to corporations was negative at €80 million, compared with a positive net flow of €351 million in the previous month; the annual growth rate stood at 2.1% from 1.0% in the previous month. In particular, the annual growth rate of credit to non-financial corporations stood at 2.6% from 1.6% in the previous month, while the monthly net flow of credit was positive at €63 million, against a positive net flow of €187 million in the previous month. The annual growth rate of credit to insurance corporations and other financial intermediaries stood at -3.9% from -5.7% in the previous month, while the monthly net flow was negative at €143 million, compared with a positive net flow of €164 million in the previous month.

Ι.2.2 Credit to sole proprietors and unincorporated partnerships

In April 2019, the monthly net flow of credit to sole proprietors and unincorporated partnerships was negative at €27 million, compared with a positive net flow of €28 million in the previous month; the annual growth rate stood at -1.6% from -1.4% in the previous month.

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

In April 2019, the monthly net flow of credit to individuals and private non-profit institutions was negative at €207 million, compared with a negative net flow of €180 million in the previous month; the annual growth rate stood at -2.3%, unchanged from the previous month.

II. Deposits(2) by the domestic economy with the domestic credit institutions(3)

ΙΙ.1 Deposits placed by the general government

In April 2019, deposits placed by the general government decreased by €2,431 million, compared with a decrease of €828 million in the previous month and the annual growth rate stood at 2.5% from 18.5% in the previous month.

ΙΙ.2 Deposits placed by the private sector

In April 2019, deposits placed by the private sector increased by €1,542 million, compared with an increase of €1,217 million in the previous month and the annual growth rate stood at 6.0% from 5.5% in the previous month.

ΙΙ.2.1 Corporate deposits

In April 2019, corporate deposits increased by €709 million, compared with an increase of €699 million in the previous month, while the annual growth rate stood at 5.3% from 6.2% in the previous month. In particular, deposits from non-financial corporations increased by €535 million, against an increase of €894 million in the previous month. Deposits placed by insurance corporations and other financial intermediaries increased by €175 million, compared with a decrease of €196 million in the previous month.

ΙΙ.2.2 Deposits placed by households and private non-profit institutions

In April 2019, deposits placed by households and private non-profit institutions increased by €833 million, compared with an increase of €518 million in the previous month and the annual growth rate stood at 6.2% from 5.4% in the previous month.

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

Note: The next Press Release on “Bank credit and deposits” for May 2019 will be published on July 1, 2019, in accordance with the Advance release calendar, published on the Bank of Greece website.