Deposits in Greek Banks Rose in March, Bank of Greece Reports
In March 2018, the annual growth rate of total credit extended to the economy stood at -2.0 pct from -1.8 pct in the previous month, while the monthly net flow was negative at 850 million euro, compared with a negative net flow of 1,141 million euro in the previous month, according to the Bank of Greece.
The annual growth rate of total deposits stood at 8.7 pct from 7.7 pct in the previous month, while the monthly net flow was positive at 786 million euro, compared with a positive net flow of 528 million euro in February 2018.
In March 2018, deposits placed by the private sector increased by 1,143 million euro, compared with an increase of 59 million euro in the previous month and the annual growth rate stood at 6.3 pct from 5.6 pct in the previous month. Deposits by the general government decreased by 357 million euro, compared with an increase of 469 million euro in the previous month, while the annual growth rate stood at 35.3 pct from 30.3 pct in the previous month.