According to the Bank of Greece (BoG), in February 2024, private sector deposits were down by 1.068 billion euros in February 2024, compared with a decrease of 5.238 billion in January, while corporate deposits decreased by 912 million euros, compared to a decrease of 3.167 billion euros in the previous month.
The annual growth rate of total deposits stood at 2.4% in February 2024, compared with 2.7% in the previous month.
Deposits placed by households and private non-profit institutions decreased by 156 million euros, compared with a decrease of 2.070 billion euros in the previous month; the annual growth rate remained unchanged at 3.1% compared to the previous month.
The monthly net flow of total credit to the domestic economy was positive by 1.618 billion euros in February 2024, compared with a negative net flow of 4.471 billion euros in the previous month.
The annual growth rate of credit to the private sector increased to 3.8% in February from 3.0% in the previous month. The monthly net flow of credit was positive by 849 million euros, compared with a negative net flow of 2.732 billion euros in the previous month.
The monthly net flow of credit to corporations was positive by 924 million euros in February, compared with a negative net flow of 2,504 euros billion in the previous month; the annual growth rate increased to 7.1% from 6.0% in the previous month.
In February 2024, deposits placed by the general government decreased by 737 million euros, compared with an increase of 1.536 billion euros in January; the annual growth rate decreased to -10.2% compared with 2.9% in the previous month.
Deposits placed by the private sector decreased by 1.068 billion euros, compared with a decrease of 5.238 billion euros in the previous month; the annual growth rate increased to 3.0% compared with 2.7% in the previous month.
Source: tovima.com
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