Private sector deposits recorded a significant increase of €3.826 billion in June 2024, compared to an increase of €303 million in the previous month, according to Bank of Greece data.

The annual growth rate of total credit extended to the domestic economy stood at 3.7% in June 2024, compared with 2.7% in the previous month. The annual growth rate of total deposits increased to 1.8% in June 2024, compared to 1.1% in the previous month. Deposits placed by the private sector increased by €3,826 million in June 2024, compared with an increase of €303 million in the previous month.

CREDIT TO DOMESTIC ECONOMY

Τhe monthly net flow of total credit was positive by €2,462 million in June 2024, compared with a positive net flow of €662 million in the previous month.

GENERAL GOVERNMENT

In June 2024, the monthly net flow of credit to the general government was negative by €852 million, compared with a positive net flow of €597 million in the previous month; the annual growth rate stood at 0.0% from -0.5% in the previous month.

PRIVATE SECTOR

In June 2024, the annual growth rate of credit to the private sector increased to 6.1% from 4.8% in the previous month. The monthly net flow of credit was positive by €3,313 million, compared with a positive net flow of €66 million in the previous month.

CORPORATIONS

In June 2024, the monthly net flow of credit to corporations was positive by €3,158 million, compared with a positive net flow of €105 million in the previous month; the annual growth rate increased to 10.3% from 8.3% in the previous month. In particular, the annual growth rate of credit to non-financial corporations (NFCs) increased to 9.4% from 7.6% in the previous month; the monthly net flow was positive by €2,633 million, compared with a positive net flow of €78 million in the previous month. The annual growth rate of credit to insurance corporations and other financial intermediaries increased to 17.0% from 13.7% in the previous month; the monthly net flow was positive by €525 million, compared with a positive net flow of €27 million in the previous month.

SOLE PROPRIETORS 

In June 2024, the monthly net flow of credit to sole proprietors and unincorporated partnerships was positive by €67 million, compared with a negative net flow of €7 million in the previous month; the annual growth rate decreased to -0.5% compared with 0.3% in the previous month.

NON PROFIT AND INDIVIDUALS

In June 2024, the monthly net flow of credit to individuals and private non-profit institutions was positive by €88 million, compared with a negative net flow of €32 million in the previous month; the annual growth rate stood at -0.9% compared with -1.0% in the previous month.

DOMESTIC CREDIT INSTITUTIONS

In June 2024, the monthly net flow of total deposits was positive by €3,963 million, compared with a positive net flow of €363 million in May 2024.

GENERAL GOVERNMENT

In June 2024, deposits placed by the general government increased by €137 million, compared with an increase of €60 million in the previous month; the annual growth rate stood at -21.8% compared with -27.0% in the previous month.

PRIVATE SECTOR DEPOSITS

In June 2024, deposits placed by the private sector increased by €3,826 million, compared with an increase of €303 million in the previous month; the annual growth rate increased to 2.9% from 2.5% in the previous month.

CORPORATE DEPOSITS

In June 2024, corporate deposits increased by €3,051 million, compared with an increase of €577 million in the previous month; the annual growth rate increased to 5.0% from 3.1% in the previous month. In particular, deposits from NFCs increased by €3,283 million, against an increase of €559 million in the previous month. Deposits placed by insurance corporations and other financial intermediaries decreased by €232 million, compared with an increase of €18 million in the previous month.

DEPOSITS BY HOUSEHOLDS

In June 2024, deposits placed by households and private non-profit institutions increased by €775 million, compared with a decrease of €274 million in the previous month; the annual growth rate remained almost unchanged at 2.2% compared to 2.3% in the previous month.