Press Releases

Bank credit and deposits - March 2017

28/04/2017 - Press Releases

In March 2017, the annual growth rate of total credit extended to the economy stood at -1.7% from -1.9% in the previous month and the monthly net flow of total credit was negative at €376 million, compared with a negative net flow of €801 million in the previous month.
The annual growth rate of total deposits stood at 3.9% from 4.0%, in the previous month, while the monthly net flow of deposits was negative at €398 million, compared with a negative net flow of €600 million in February 2017.


I. Credit to the domestic economy

Ι.1 Credit to the general government (1)
    In March 2017, the monthly net flow of credit to general government was negative at €683 million, compared with a negative net flow of €700 million in the previous month. The annual growth rate of credit to general government stood at -4.0% from -3.7%, in the previous month.

Ι.2 Credit to the domestic private sector 
    In March 2017, the annual growth rate of credit to the domestic private sector stood at -1.3% from -1.6%, in the previous month. The monthly net flow of credit to the domestic private sector was positive at €307 million, compared with a negative net flow of €101 million in the previous month.

Ι.2.1 Credit to corporations 
    In March 2017, the monthly net flow of credit to corporations was positive at €487 million, compared with a positive net flow of €82 million in the previous month and the annual growth rate of credit stood at -0.1% from -0.3% in the previous month. In particular, the annual growth rate of credit to non-financial corporations stood at -0.2% from -0.4% in the previous month and the monthly net flow of credit was positive at €471 million, against a positive net flow of €22 million in the previous month. The annual growth rate of credit to insurance corporations and other financial intermediaries stood at 1.8% in March 2017 from 1.0% in the previous month and the monthly net flow of credit was positive at €16 million, compared with a positive net flow of €60 million in the previous month.

Ι.2.2 Credit to sole proprietors and unincorporated partnerships 
    In March 2017, the monthly net flow of credit to sole proprietors and unincorporated partnerships was positive at €77 million, compared with a negative net flow of €30 million in the previous month and its annual growth rate stood at -1.4% from -2.1% in the previous month.

Ι.2.3 Credit to individuals and private non-profit institutions 
    In March 2017, the monthly net flow of credit to individuals and private non-profit institutions was negative at €257 million, compared with a negative net flow of €153 million in the previous month and its annual growth rate stood at -2.6% from -2.7% in the previous month.


II. Deposits (2) of the total economy in credit institutions (3)

ΙΙ.1 Deposits of the general government 
    In March 2017, deposits of the general government decreased by €677 million, compared with an increase of €150 million in the previous month and the annual growth rate stood at 13.1% from 17.3% in the previous month.

ΙΙ.2 Deposits of the domestic private sector 
    In March 2017, deposits of the domestic private sector increased by €278 million, compared with a decrease of €750 million in the previous month and the annual growth rate stood at 3.1% from 2.9% in the previous month.

ΙΙ.2.1 Corporate deposits 
    In March 2017, corporate deposits increased by €590 million, compared with a decrease of €113 million in the previous month and the annual growth rate stood at 12.7% from 10.3% in the previous month. In particular, deposits from non-financial corporations increased by €1,284 million against a decrease of €535 million in the previous month, while the deposits of insurance corporations and other financial intermediaries decreased by €695 million in March 2017, compared with an increase of €422 million in the previous month.

ΙΙ.2.2 Deposits of households and non-profit institutions 
    In March 2017, deposits of households and non-profit institutions decreased by €312 million, compared with a decrease of €637 million in the previous month, while the annual growth rate stood at 1.2%, compared with 1.5% in the previous month.

Note: The next Press Release on “Bank credit and deposits” for April 2017 will be published on 29 May 2017.

Related Links: Credit and Deposit, March 2017 - Table



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

 

 

 

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