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Athens Macedonian News Agency: News in English, 14-07-25
CONTENTS
[01] Bank credit to private sector remained unchanged at -3.5 pct in June
[01] Bank credit to private sector remained unchanged at -3.5 pct in June
ANA/MPA---The annual rate of total credit extended to the domestic
private sector stood at -3.5% in June, unchanged compared to the previous
month, the Bank of Greece said on Friday.
The central bank, in a monthly report, said that the net flow of total
credit to the domestic private sector was negative, amounting to 324
million euros (June 2013: negative net flow of 212 million).
The net flow of credit to corporations, in June 2014, was negative,
amounting to 266 million euros (June 2013: negative net flow of 63
million), and the annual growth rate of credit stood at -4.7%, compared
with -4.5% in the previous month. In particular, the annual growth rate of
credit to non-financial corporations stood at -4.7% compared with -4.4%
in the previous month, while the net flow of credit to non-financial
corporations was negative and equal to 319 million euros (June 2013:
negative net flow of 42 million). The annual growth rate of credit to
insurance corporations and other financial intermediaries stood at -4.1%,
in June 2014, compared with -5.2% in May 2014.
In June 2014, the net flow of credit to individuals and private non-profit
institutions was negative, amounting to 128 million euros, (June 2013:
negative net flow of 161 million) and its annual growth rate stood at
-3.0%, unchanged from the previous month.
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