Greeks boost bank deposits by 841 million euros

bank of Greece

The Bank of Greece in its latest report on Tuesday noted an increase in private sector bank deposits to the tune of 841 million euros.

According to the report, bank deposits reached 130.2 billion euros in July from 129.4 billion the previous month.

Meanwhile, deposits placed by the general government increased by 287 million euros, compared with a decrease of 471 million in the previous month and the annual growth rate stood at 41.3 % from 38.7 % in the previous month.

Corporate deposits increased by 301 million euros, compared with an increase of 272 million in the previous month, while the annual growth rate stood at 11.4 % from 12.6 % in the previous month.

Deposits placed by households and private non-profit institutions increased by 540 million euros, compared with an increase of 1,086 million in the previous month and the annual growth rate stood at 6.6 % from 6.5 % in the previous month.

In July 2018, the annual growth rate of total credit extended to the economy stood at -2.5 % from -2.4 % in the previous month and the monthly net flow was negative at 856 million euros, compared with a positive net flow of 612 million in the previous month. The annual growth rate of total deposits stood at 10.1 % from 10.0 % in the previous month and the monthly net flow was positive at 1,128 million, compared with a positive net flow of 887 million in June 2018.