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Athens Macedonian News Agency: News in English, 16-04-27

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 down in March

  • [01] Greek bank deposits down in March

    Greek bank deposits fell again in March, with deposits by companies and households falling to 121.5 billion euros at the end of March, from 121.7 billion a month earlier, down around 12.3 pct compared with March 2015, the Bank of Greece said on Wednesday.

    The central bank, in a monthly report, said that the monthly net flow of credit to corporations was positive at 224 million euros in March, compared with a negative net flow of 48 million in the previous month, while the annual growth rate of credit stood at -1.4 pct, against -1.9 pct in the previous month. In particular, the annual growth rate of credit to non-financial corporations stood at -0.9 pct, from -1.6 pct in February 2016, while the monthly net flow of credit to non-financial corporations was positive at 263 million euros, against a negative net flow of 49 million in the previous month. The annual growth rate of credit to insurance corporations and other financial intermediaries stood at -8.7 pct in March 2016, from -6.1 pct in the previous month, and the monthly net flow of credit was negative at 40 million, compared with a positive net flow of one million in the previous month.

    In March 2016, the monthly net flow of credit to sole proprietors and unincorporated partnerships was negative at nine million, compared with a negative net flow of 20 million euros in the previous month, while its annual growth rate remained at -1.0 pct, unchanged from the previous month.

    In March 2016, the monthly net flow of credit to individuals and private non-profit institutions was negative at 361 million euros, compared with a negative net flow of 226 million euros in the previous month, and its annual growth rate stood at -3.0 pct, from -2.9 pct in the previous month.


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