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Athens Macedonian News Agency: News in English, 16-01-29

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] Greek bank deposits up in Dec.; down 23% in 2015‏
  • [02] PM receives EIB president Werner Hoyer; discusses SME financing, growth

  • [01] Greek bank deposits up in Dec.; down 23% in 2015‏

    Bank deposits by individuals and enterprises grew by around 3.0 billion euros in December 2015 to 123.4 billion, from 120.9 billion euros a month earlier, the Bank of Greece said on Friday.

    The central bank, in a monthly report, said that bank deposits amounted to 160.3 billion euros in December 2014, losing 23 pct in 12 months.

    The Bank of Greece also said that in December 2015, the annual growth rate of total credit extended to the domestic private sector stood at -2.0 pct from -2.2 pct in the previous month. The monthly net flow of total credit to the domestic private sector was positive at 210 million euros, compared with a negative net flow of 458 million in the previous month. In December 2015, the monthly net flow of credit to corporations was positive at 355 million euros, compared with a negative net flow of 176 million in the previous month, while the annual growth rate of credit stood at -0.9 pct, against -1.4 pct in the previous month. In December 2015, the monthly net flow of credit to individuals and private non-profit institutions was negative at 98 million euros, compared with a negative net flow of 256 million in the previous month, and its annual growth rate stood at -3.1 pct, from -3.2 pct in the previous month.

    [02] PM receives EIB president Werner Hoyer; discusses SME financing, growth

    Greek Prime Minister Alexis Tsipras on Friday received European Investment Bank (EIB) President Werner Hoyer, who is visiting Athens. They discussed development issues and the EIB's contribution to the financing of small and medium-sized businesses in Greece.

    Specifically, they examined the activation of a second pillar of the Institute for Growth (IfG), also known as the Hellenic Investment Fund, which calls for the IfG's participation in SME share capital, as well as the transfer of knowhow concerning the absorption of funds from the Juncker programme. Finally, the meeting also raised issues linked to the creation of a state-run development bank in Greece that is underway, initiated by the current government.

    The meeting was also attended by Economy Minister George Stathakis.


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