Bank deposits in Greece rise for sixth month in a row

Private sector deposits in Greece increased by 2.25 billion euros in September 2022, compared with an increase of 89 million euros in the previous month, August 2022, with the annual growth rate increasing to 6.2 percent, the Bank of Greece (BoG) announced on Wednesday.

Greek private sector bank deposits rose in September 2022 for a sixth straight month, according to the BoG.

Business and household bank deposits rose to 185.51 billion euros at the end of September 2022, up from 183.09 billion in August 2022.

Specifically, in September 2022, the monthly net flow of total deposits was positive by 1.807 million euros, compared with a positive net flow of 616 million euros in August 2022.

Deposits placed by the general government decreased by 448 million euros, compared with an increase of 527 million euros in August 2022. The annual growth rate for this sector decreased to 3.3 percent, compared with 5.6 percent the previous month.

Corporate deposits increased by 1.502 million euros, compared with a decrease of 376 million euros the previous month.

Deposits held by households and private non-profit institutions increased by 753 million euros, compared with an increase of 465 million euros the previous month, while the annual growth rate increased to 4.6 percent, up slightly from 4.4 percent the previous month.