Bank of Greece (BoG): Business-Household Deposits Up 1,675bln in March 2024

According to data from the Bank of Greece (BoG), business deposits increased by 1.278 billion euros in March 2024, compared to a decrease of 911 million in the previous month, while household deposits witnessed a rise of 396 million euros in March 2024.

Some of the key points as per the BoG release on Friday were:

I.1 Credit to the general government

In March 2024, the monthly net flow of credit to the general government was negative by 469 million euros, compared with a positive net flow of 762 million euros in the previous month; the annual growth rate decreased to 0.7% compared with 1.9% in the previous month.

Ι.2 Credit to the private sector

The annual credit growth rate to the private sector increased to 4.5% from 3.8% in the previous month. The monthly net flow of credit was positive by 1,983 billion, compared with a positive net flow of 904 million euros in the previous month.

Ι.2.1 Credit to corporations

The monthly net flow of credit to corporations was positive by 1,913 billion euros, compared with a positive net flow of 924 billion in the previous month; the annual growth rate increased to 8.0% from 7.1% in the previous month.

Ι.2.2 Credit to sole proprietors and unincorporated partnerships

The monthly net flow of credit to sole proprietors and unincorporated partnerships was positive by 49 million euros, compared with a positive net flow of 1 million in the previous month; the annual growth rate remained unchanged at -0.6% compared to the previous month.

Ι.2.3 Credit to individuals and private non-profit institutions

The monthly net flow of credit to individuals and private non-profit institutions was positive by 21 million euros, compared with a negative net flow of 20 million euros in the previous month; the annual growth rate stood at -1.4% compared with -1.7% in the previous month.

II. Deposits by the domestic economy with the domestic credit institutions

The monthly net flow of total deposits was positive by 957 million, compared with a negative net flow of 1,803 billion in February 2024.

ΙΙ.1 Deposits placed by the general government

In March 2024, deposits placed by the general government decreased by 718 million euros, compared with a decrease of 737 million eurosin the previous month; the annual growth rate stood at -24.5% compared with -10.2% in the previous month.

Source: tovima.com