Greek banks’ deposits grew for the fifth successive month in September, with net inflows totaling 625 million euros, the Bank of Greece said on Thursday.
The central bank, in a monthly report, noted that bank deposits by households grew by 1.5 billion euros since May, while deposits by enterprises rose 2.4 billion euros in the same period. The Bank of Greece also said that general government deposits rose 88 million euros in September, after a 93 million euros increase in August, for an annual growth rate of 6.2 pct in September (9.5 pct in August). Private sector’s deposits fell by 52 million euros in September, after an 1.407 billion euros increase in August, for an annual growth rate 4.6 pct (4.3 pct the previous month). Enterprises’ deposits fell by 242 million euros in September, after an increase of 716 million in august, for an annual growth rate of 13.7 pct (13 pct in August).
In September, the annual rate of total funding of the Greek private sector was -0.8 pct, from -0.9 pct in August.
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Source: ANA-MPA
