Deposits held by households and private non-profit institutions in Greece increased by 1.129 billion euros in April 2023, compared with an increase of 738 million in the previous month, March 2023.
The annual growth rate remained mostly unchanged, at 3.7 percent, compared to 3.6 percent the previous month, the Bank of Greece announced on Tuesday.
Specifically, Greece’s central bank, in its monthly report, said the April 2023 monthly net flow of total deposits was positive by 42 million euros, compared with a positive net flow of 2.979 billion euros in March 2023.
Deposits held by the general government increased by 57 million euros, compared with an increase of 661 million euros in the previous month.
The annual growth rate decreased to 1.7 percent, from 3.2 percent the previous month. Deposits placed by private sector depositors decreased by 15 million euros, compared with an increase of 2.318 billion euros the previous month. The annual growth rate decreased to 3.7 percent, down from 4.5 percent in March 2023.
Corporate deposits decreased by 1.144 billion euros, compared with an increase of 1.581 billion euros the previous month. The annual growth rate decreased to 3.6 percent from 7.2 percent in the previous month
Latest News
Developing the Blue Carbon Economy in Greece
Can Greece make money by protecting its marine environment?
EIB Appoints Greece’s Ioannis Tsakiris as New VP
Ioannis Tsakiris started the new role May 1 after spending 15 years at the European Investment Fund (EIF) and serving as Greece’s Deputy Minister for Development and Investments
Two Greek Beaches in Top 50 in the World
Both Greek beaches were on the list of the best beaches in Europe too
Eurostat: Greece 20th out of 26 European States in Hourly Average Wage
According to figures released by Eurostat, the Benelux Grand Duchy of Luxembourg, one of Europe’s hubs for finance, is in first place
Greek Property Renovation Surge amid Economic Constraints
This has led to a notable escalation in renovation costs, with average prices per square meter exceeding previous norms and reaching even 1,000 euros in premium locations
RRF: Additional €5.1bln Funds for Subsidies to Greece in 2025
By April 22, funds totaling 5.75 billion euros had been transferred for approved projects of the Recovery Fund to entities within and outside the general government and final recipients
OECD: Greek Economy Resilient with 2% Growth Forecast for 2024
However, the OECD highlights challenges including the need to enhance productivity and fiscal adjustment due to high debt levels.
Challenges and Delays in Greece’s Hydrocarbon Exploration
Sources disclose that the petroleum companies holding the concessions are seeking partners to jointly invest and share the costs of exploration and drilling.
Greek Beach Visitors Can Report Violations on New ‘MyCoast’ App
Greek authorities hope the newly-launched, free ‘MyCoast’ app will help clamp down on public beach violations
BoG Figures Confirm Banner Year for Greek Tourism in 2023
20.6 billion euros in related revenues topped the previous year’s figure by 16.5%