Press Releases

Bank credit and deposits: August 2019

26/09/2019 - Press Releases

In August 2019, the annual growth rate of total credit extended to the domestic economy stood at -0.7% from -0.4% in the previous month, while the monthly net flow was negative at €555 million, compared with a negative net flow of €908 million in the previous month.

The annual growth rate of total deposits stood at 3.3% from 4.4% in the previous month, while the monthly net flow was positive at €603 million, compared with a negative net flow of €1,458 million in July 2019.

  1. Credit to the domestic economy

    Ι.1 Credit to the general government[1]

    In August 2019, the monthly net flow of credit to the general government was negative at €154 million, compared with a negative net flow of €187 million in the previous month; the annual growth rate stood at -4.4% from -2.1% in the previous month.

    Ι.2 Credit to the private sector

    In August 2019, the annual growth rate of credit to the private sector stood at          -0.1%, unchanged from the previous month. The monthly net flow of credit to the private sector was negative at €402 million, compared with a negative net flow of €721 million in the previous month.

    Ι.2.1 Credit to corporations

    In August 2019, the monthly net flow of credit to corporations was negative at €189 million, compared with a negative net flow of €437 million in the previous month; the annual growth rate stood at 2.7% from 2.8% in the previous month. In particular, the annual growth rate of credit to non-financial corporations stood at 2.9%, unchanged from the previous month and the monthly net flow was negative at €138 million, against a negative net flow of €476 million in the previous month. The annual growth rate of credit to insurance corporations and other financial intermediaries stood at -0.2% from 0.9% in the previous month and the monthly net flow was negative at €51 million, compared with a positive net flow of €38 million in the previous month.

    Ι.2.2 Credit to sole proprietors and unincorporated partnerships

    In August 2019, the monthly net flow of credit to sole proprietors and unincorporated partnerships was negative at €35 million, compared with a negative net flow of €56 million in the previous month; the annual growth rate stood at -2.4% from        -2.3% in the previous month.

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

    In August 2019, the monthly net flow of credit to individuals and private non-profit institutions was negative at €178 million, compared with a negative net flow of €228 million in the previous month; the annual growth rate stood at -2.8%, unchanged from the previous month.

  2. Deposits[2] by the domestic economy with the domestic credit institutions[3]

ΙΙ.1 Deposits placed by the general government

In August 2019, deposits placed by the general government decreased by €418 million, compared with a decrease of €3,062 million in the previous month, while the annual growth rate stood at -21.4% from -14.7% in the previous month.

ΙΙ.2       Deposits placed by the private sector

In August 2019, deposits placed by the private sector increased by €1,021 million, compared with an increase of €1,604 million in the previous month and the annual growth rate stood at 6.2% from 6.5% in the previous month.

ΙΙ.2.1 Corporate deposits

In August 2019, corporate deposits decreased by €25 million, compared with an increase of €1,043 million in the previous month and the annual growth rate stood at 5.9% from 8.4% in the previous month. In particular, deposits from non-financial corporations increased by €168 million, against an increase of €335 million in the previous month. Deposits placed by insurance corporations and other financial intermediaries decreased by €193 million, compared with an increase of €708 million in the previous month.

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

In August 2019, deposits placed by households and private non-profit institutions increased by €1,046 million, compared with an increase of €561 million in the previous month; the annual growth rate stood at 6.3% from 6.1% in the previous month.

                       

Note: The next Press Release on “Bank credit and deposits” for September 2019 will be published on 29 October 2019, in accordance with the Advance release calendar, published on the Bank of Greece website.



[1]The general government includes central government, local government and social security funds.

[2] Including repos.

[3] Excluding the Bank of Greece.

This website uses cookies for the optimization of you user experience. Learn More
I Accept