Banks are issuing more loans for households and businesses, as the monthly net flow of total funding was positive by 2,419 million euros in June 2022, compared to a positive net flow of 2,124 million euros in the previous month, according to revised data from the Bank of Greece.
General government funding
The monthly net flow of funding to general government in June 2022 was positive by €360 million, compared to a positive net flow of €1,547 million in the previous month. The annual rate of change in general government funding eased to 14.0% from 15.4% in the previous month.
In June 2022, the annual rate of change in total private sector financing increased to 4.5% from 3.3% in the previous month. The monthly net flow of total financing to the private sector was positive by €2,059 million, compared to a positive net flow of €577 million in the previous month (revised figures).
Corporations
In June 2022, the monthly net flow of credit to corporations was positive by €1,976 million, compared with a positive net flow of €589 million in the previous month; the annual growth rate increased to 10.0%, from 7.8% in the previous month. In particular, the annual growth rate of credit to non-financial corporations (NFCs) increased to 9.7% from 7.3% in the previous month; the monthly net flow was positive by €1,856 million, compared with a positive net flow of €764 million in the previous month. The annual growth rate of credit to insurance corporations and other financial intermediaries decreased to 12.2% from 12.4% in the previous month; the monthly net flow was positive by €119 million, compared with a negative net flow of €175 million in the previous month.
Credit to sole proprietors and unincorporated partnerships
In June 2022, the monthly net flow of funding to freelancers, farmers and sole proprietorships was positive by €82 million, compared to a positive net flow of €23 million in the previous month. The annual rate of change in their funding was almost unchanged at 0.7% from 0.8% the previous month.
The monthly net flow of funding to individuals and private non-profit institutions was positive by €2 million in June 2022, compared to a negative net flow of €35 million in the previous month (revised figures). The annual rate of change in their funding remained unchanged at -2.1%.
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