Τhe monthly net flow of total credit was positive by €2,011 million in May 2022, compared with a positive net flow of €846 million in the previous month, according to the Bank of Greece. This means banks are keeping taps for liquidity open for households and firms.
Read also: BoG: Reduction of 336 million euros in household deposits in May
Ι.1 Credit to the general government
In May 2022, the monthly net flow of credit to the general government was positive by €1,547 million, compared with a positive net flow of €239 million in the previous month; the annual growth rate decreased to 15.4% from 17.4% in the previous month.
Ι.2 Credit to the private sector
In May 2022, the annual growth rate of credit to the private sector increased to 3.2% from 2.8% in the previous month. The monthly net flow of credit was positive by €464 million, compared with a positive net flow of €607 million in the previous month.
Ι.2.1 Credit to corporations
In May 2022, the monthly net flow of credit to corporations was positive by €589 million, compared with a positive net flow of €699 million in the previous month; the annual growth rate increased to 7.8%, from 7.0% in the previous month. In particular, the annual growth rate of credit to non-financial corporations (NFCs) increased to 7.3% from 6.1% in the previous month; the monthly net flow was positive by €764 million, compared with a positive net flow of €683 million in the previous month. The annual growth rate of credit to insurance corporations and other financial intermediaries decreased to 12.4% from 15.4% in the previous month; the monthly net flow was negative by €175 million, compared with a positive net flow of €16 million in the previous month.
Ι.2.2 Credit to sole proprietors and unincorporated partnerships
In May 2022, the monthly net flow of credit to sole proprietors and unincorporated partnerships was positive by €23 million, compared with a negative net flow of €26 million in the previous month; the annual growth rate increased to 0.8% from 0.3% in the previous month.
Ι.2.3 Credit to individuals and private non-profit institutions
In May 2022, the monthly net flow of credit to individuals and private non-profit institutions was negative by €148 million, compared with a negative net flow of €67 million in the previous month; the annual growth rate stood at -2.3% from -2.2% in the previous month.
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