Banks are issuing more loans for households and businesses, as the monthly net flow of total funding was positive by 2,419 million euros in June 2022, compared to a positive net flow of 2,124 million euros in the previous month, according to revised data from the Bank of Greece.
General government funding
The monthly net flow of funding to general government in June 2022 was positive by €360 million, compared to a positive net flow of €1,547 million in the previous month. The annual rate of change in general government funding eased to 14.0% from 15.4% in the previous month.
In June 2022, the annual rate of change in total private sector financing increased to 4.5% from 3.3% in the previous month. The monthly net flow of total financing to the private sector was positive by €2,059 million, compared to a positive net flow of €577 million in the previous month (revised figures).
Corporations
In June 2022, the monthly net flow of credit to corporations was positive by €1,976 million, compared with a positive net flow of €589 million in the previous month; the annual growth rate increased to 10.0%, from 7.8% in the previous month. In particular, the annual growth rate of credit to non-financial corporations (NFCs) increased to 9.7% from 7.3% in the previous month; the monthly net flow was positive by €1,856 million, compared with a positive net flow of €764 million in the previous month. The annual growth rate of credit to insurance corporations and other financial intermediaries decreased to 12.2% from 12.4% in the previous month; the monthly net flow was positive by €119 million, compared with a negative net flow of €175 million in the previous month.
Credit to sole proprietors and unincorporated partnerships
In June 2022, the monthly net flow of funding to freelancers, farmers and sole proprietorships was positive by €82 million, compared to a positive net flow of €23 million in the previous month. The annual rate of change in their funding was almost unchanged at 0.7% from 0.8% the previous month.
The monthly net flow of funding to individuals and private non-profit institutions was positive by €2 million in June 2022, compared to a negative net flow of €35 million in the previous month (revised figures). The annual rate of change in their funding remained unchanged at -2.1%.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Eurozone Inflation Eases to 2.2% in March
Compared to February, inflation decreased in 16 member states, remained unchanged in one, and rose in ten.
Bank of Greece: Primary Gov. Surplus €4.1b Jan.-March 2025
The data released today by the Bank of Greece revealed that the central government’s overall cash balance recorded a surplus of €1.465 billion in the first quarter of 2025, compared to a deficit of €359 million in the corresponding period of 2024.
Greek Government Reissues 10-Year Bond Auction for €200 Million
The amount to be auctioned will be up to 200 million euros, and the settlement date is set for Friday, April 25, 2025 (T+5)
Greece Defines Continental Shelf Limits and Maritime Zones in Landmark EU Document
The Maritime Spatial Planning (MSP) framework represents a comprehensive approach to spatial planning and is crucial for the successful development of a blue and circular economy
EU Praises Greece’s RRF Progress as Revised Recovery Plan Nears Completion
Athens is preparing to submit its revised “Greece 2.0” Recovery and Resilience Plan after Easter, with a slight delay from the initial timeline but with the European Commission’s approval.
Greek €200M 10Y Bond to be Issued on April 16
The 3.875% fixed-interest-rate bond matures on March 12, 2029, and will be issued in dematerialized form. According to PDMA, the goal of the re-issuance is to meet investor demand and to enhance liquidity in the secondary bond market.
German Ambassador to Greece Talks Ukraine, Rise of Far Right & Tariffs at Delphi Economic Forum X
Commenting on the political developments in his country, the German Ambassador stressed that it was clear the rapid formation of a new government was imperative, as the expectations across Europe showed.
Athens to Return Confiscated License Plates Ahead of Easter Holiday
Cases involving court orders will also be excluded from this measure.
Servicers: How More Properties Could Enter the Greek Market
Buying or renting a home is out of reach for many in Greece. Servicers propose faster processes and incentives to boost property supply and ease the housing crisis.
Greek Easter 2025: Price Hikes on Lamb, Eggs & Sweets
According to the Greek Consumers’ Institute, hosting an Easter dinner for eight now costs approximately €361.95 — an increase of €11 compared to 2024.
