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Sunday | July 12 | 2020

Greece: Growth rate of total credit in domestic economy at 4.0%

Bank of Greece show that in May 2020, the annual growth rate of total credit extended to the domestic economy increased to 4.0% from 2.0% in the previous month.

The monthly net flow was positive by €3,037 million, compared with a positive net flow of €2,512 million in the previous month.

The annual growth rate of total deposits decreased to 6.1% from 6.8% in the previous month.

The monthly net flow was negative by €200 million, compared with a negative net flow of €2,683 million in April 2020.

Decrease of credit to individuals, increase of households deposits

The monthly net flow of credit to individuals and private non-profit institutions was negative by €89 million, compared with a negative net flow of €241 million in the previous month.

The annual growth rate stood at -2.8% from -3.0% in the previous month.

In May, deposits placed by households and private non-profit institutions increased by €194 million, compared with an increase of €1,554 million in the previous month.

The annual growth rate stood at 7.0% from 7.1% in the previous month.

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