Greek bank deposits shrank in January after a 2.05 percent increase in the previous month, data released by the country΄s central bank showed on Thursday.
According to Reuters, business and household deposits fell by 1.15 billion euros, or 0.93 percent month-on-month to 122.23 billion euros ($134.7 billion) , their lowest level since November 2003. They had risen to 123.38 billion euros in December.
Greek banks have seen only a trickle of deposit inflows six months after the country clinched a third international bailout to stay in the euro zone and remain hooked on central bank borrowing to plug their funding gap.
Greece saw a 42 billion euro deposit outflow from December to July last year. Capital controls imposed on June 28 helped contain the flight, which sharply increased Greek banks΄ dependence on emergency liquidity assistance (ELA) from the Bank of Greece.
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