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Bank credit to the domestic private sector: February 2012

29/03/2012 - Press Releases

The annual growth rate of total credit granted to the domestic private sector decreased further to -3.8% in February 2012 from -3.3% in the previous month (December 2011: -3.1%). The net flow of total credit to the domestic private sector was negative amounting to EUR 1,188 million (February 2011: positive net flow of EUR 123 million).

Credit to enterprises

The net flow of credit to enterprises in February 2012 was negative, amounting to EUR 695 million (February 2011: positive net flow of EUR 279 million) and the annual growth rate of credit decreased to -2.7% from -1.9% in the previous month. In particular, the annual growth rate of credit to non-financial enterprises decreased to -3.3% in February 2012 from -2.6% in the previous month and the annual growth rate of credit to insurance corporations and other financial intermediaries, which includes significant intra-group transactions, decelerated to 7.1% in February 2012 from 10.5% in January 2012.

Credit to sole proprietors and unincorporated partnerships

The net flow of credit to sole proprietors and unincorporated partnerships was negative amounting to EUR 109 million (February 2011: negative net flow of EUR 16 million) and the annual rate of change of credit decreased to -7.8% in February 2012 from -7.3% in the previous month.

Credit to individuals and private non-profit institutions

In February 2012, the net flow of credit to individuals and private non-profit institutions was negative, amounting to EUR 383 million (February 2011: negative net flow of EUR 139 million). As a result, the annual growth rate of credit to individuals and private non-profit institutions decreased to -4.3% in February 2012 from -4.1%, in January 2012.

Related link: Bank credit to the domestic private sector: February 2012 - Table

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