Deposits placed by households and private non-profit institutions rose by 519 million euros in March, compared with an increase of 277 million euros in the previous month, while the annual growth rate of deposits stood at 5.4 pct from 5.9 pct in February, the Bank of Greece said in a report released on Tuesday, according to ANA.
In March 2019, the annual growth rate of total credit extended to the economy stood at -0.5 pct from -1.2 pct in the previous month and the monthly net flow was positive at 601 million, compared with a negative net flow of 694 million euros in the previous month. The annual growth rate of total deposits stood at 6.9 pct from 7.2 pct in the previous month, while the monthly net flow was positive at 453 million, compared with a negative net flow of 504 million in February 2019. In March 2019, the monthly net flow of credit to the general government was positive at 380 million euros, compared with a negative net flow of 1,150 million in the previous month. The annual growth rate of credit to the general government stood at 0.1 pct from -4.9 pct in the month before.
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