The annual growth rate of total credit extended to the domestic private sector remained negative at -1.9 pct in April, from -2.1 pct in the previous month, the Bank of Greece said on Tuesday.
The central bank, in a monthly report, said that the monthly net flow of total credit to the domestic private sector was negative at 117 million euros, compared with a negative net flow of 146 million in the previous month.
In April 2016, the monthly net flow of credit to corporations was positive at 118 million euros, compared with a positive net flow of 224 million in the previous month, while the annual growth rate of credit stood at -1.0 pct, against -1.4 pct in the previous month. In particular, the annual growth rate of credit to non-financial corporations stood at -0.6 pct, from -0.9 pct in March 2016, while the monthly net flow of credit to non-financial corporations was positive at 175 million euros, against a positive net flow of 263 million in the previous month. The annual growth rate of credit to insurance corporations and other financial intermediaries stood at -7.7 pct in April 2016, from -8.7 pct in the previous month, and the monthly net flow of credit was negative at 57 million euros, compared with a negative net flow of 40 million in the previous month.
In April 2016, the monthly net flow of credit to sole proprietors and unincorporated partnerships was negative at 46 million euros, compared with a negative net flow of 9 million in the previous month, and its annual growth rate stood at -1.3 pct, from -1.0 pct in the previous month. In April 2016, the monthly net flow of credit to individuals and private non-profit institutions was negative at 189 million euros, compared with a negative net flow of 361 million in the previous month, and its annual growth rate stood at -2.9 pct, from -3.0 pct in March 2016.
Source: banksnews.gr
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