![BoG: More loans to households and businesses](https://www.ot.gr/wp-content/uploads/2022/07/OT_banking3-4.png)
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%.
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
Latest News
![Cosco: Container Traffic Decline at Piraeus Port Continues](https://www.ot.gr/wp-content/uploads/2024/07/olp1-scaled-1-2048x1312-1-600x384.jpg)
Cosco: Container Traffic Decline at Piraeus Port Continues
This strategic shift has diminished Piraeus's standing as a prominent Mediterranean port and a key transshipment hub post-Suez Canal.
![Gov’t Eyes Return of Power Subsidies Amid Spike in Rates](https://www.ot.gr/wp-content/uploads/2024/07/power-lines-2048x1365-1-600x400.jpg)
Gov’t Eyes Return of Power Subsidies Amid Spike in Rates
According to reports, the government will resume an electricity subsidization program, given that forecasts cite disruptions – i.e. higher rates
![ELSTAT: 6.3% Increase in Output Price Index for Agriculture and Livestock](https://www.ot.gr/wp-content/uploads/2024/07/ot_georg_PROIONTA_money-1-600x352.png)
ELSTAT: 6.3% Increase in Output Price Index for Agriculture and Livestock
The 6.3% rise in May 2024 is largely driven by an 8.8% increase in the crop output group, particularly due to changes in olive oil prices, and a 0.5% increase in the animal output group.
![Balkans Blackout Highlights Climate Threats to Power Grids](https://www.ot.gr/wp-content/uploads/2024/07/blackout-1-600x457.png)
Balkans Blackout Highlights Climate Threats to Power Grids
The surge in electricity demand during the heat wave and the power deficit in Balkan markets have driven up prices in the Greek wholesale electricity market.
![Greece in Top 4 Destinations Favored by European Tourists](https://www.ot.gr/wp-content/uploads/2021/06/ploio-600x400.jpg)
Greece in Top 4 Destinations Favored by European Tourists
Greece was selected by 5.9% of respondents who were asked where they would vacation this year, up from 5.4% in the same survey last year
![Scope Affirms Greece’s BBB- Ratings; Revises Outlook to Positive](https://www.ot.gr/wp-content/uploads/2024/06/euros-2048x1365-1-600x400.jpg)
Scope Affirms Greece’s BBB- Ratings; Revises Outlook to Positive
The international ratings firm raised Greece to investment grade in early August 2023
![First Seaplane Test Flights to Skopelos, Alonissos, Skyros](https://www.ot.gr/wp-content/uploads/2024/06/hellenic-seaplanes-pilotikes-ptiseis-ydatino-pedio-lavriou-600x450.jpeg)
First Seaplane Test Flights to Skopelos, Alonissos, Skyros
After decades of on-again, off-again efforts to schedule regular seaplane routes to Greece's numerous island and coastal destinations the prospect now appears within sight
![ELSTAT- Overall Import Price Index for May 2024 up 2.8% y-o-y](https://www.ot.gr/wp-content/uploads/2023/08/unnamed-41.jpg)
ELSTAT- Overall Import Price Index for May 2024 up 2.8% y-o-y
The same price index had decreased 20.8% from May 2022 to May 2023
![Over 7 in 10 Employees Feel Their Contributions Are Not Appreciated](https://www.ot.gr/wp-content/uploads/2024/06/ergasia-ergazomenos-600x300.jpg)
Over 7 in 10 Employees Feel Their Contributions Are Not Appreciated
Specifically, the option "Subjective opinions are prioritized over objective data" ranked highest in importance for young employees, with a score of 3.89 out of 4
![OECD: Job Vacancies on the Rise in Greece](https://www.ot.gr/wp-content/uploads/2024/07/ergasiabusinness-768x556-1-1-600x434.jpeg)
OECD: Job Vacancies on the Rise in Greece
By the fourth quarter of 2023, job vacancies per unemployed person had risen by more than 4, with the index reaching 446 units compared to 100 units in late 2019