The annual growth rate of total credit extended to the domestic economy stood at 5.9% in November 2022, compared with 6.2% in the previous month, according to the latest statistics from the Bank of Greece.
– The annual growth rate of total deposits stood at 4.0% in November 2022, compared with 5.4% in the previous month.
– Deposits placed by the private sector decreased by €591 million in November 2022, compared with a decrease of €550 million in the previous month.
I. Credit to the domestic economy
Τhe monthly net flow of total credit was positive by €1,188 million in November 2022, compared with a negative net flow of €639 million in the previous month.
Ι.1 Credit to the general government
In November 2022, the monthly net flow of credit to the general government was positive by €1,107 million, compared with a positive net flow of €259 million in the previous month; the annual growth rate decreased to 7.4% from 7.6% in the previous month.
Ι.2 Credit to the private sector
In November 2022, the annual growth rate of credit to the private sector decreased to 5.0% from 5.3% in the previous month. The monthly net flow of credit was positive by €81 million, compared with a negative net flow of €898 million in the previous month.
Ι.2.1 Credit to corporations
In November 2022, the monthly net flow of credit to corporations was positive by €44 million, compared with a negative net flow of €665 million in the previous month; the annual growth rate decreased to 10.4% from 11.3% in the previous month. In particular, the annual growth rate of credit to non-financial corporations (NFCs) decreased to 10.0% from 10.8% in the previous month; the monthly net flow was positive by €34 million, compared with a negative net flow of €606 million in the previous month. The annual growth rate of credit to insurance corporations and other financial intermediaries decreased to 14.5% from 16.5% in the previous month; the monthly net flow was positive by €10 million, compared with a negative net flow of €60 million in the previous month.
Ι.2.2 Credit to sole proprietors and unincorporated partnerships
In November 2022, the monthly net flow of credit to sole proprietors and unincorporated partnerships was negative by €7 million, compared with a negative net flow of €80 million in the previous month; the annual growth rate decreased to 0.4% from 0.7% in the previous month.
Ι.2.3 Credit to individuals and private non-profit institutions
In November 2022, the monthly net flow of credit to individuals and private non-profit institutions was positive by €44 million, compared with a negative net flow of €153 million in the previous month; the annual growth rate stood at -2.1% compared to -2.3% in the previous month.
II. Deposits by the domestic economy with the domestic credit institutions
In November 2022, the monthly net flow of total deposits was negative by €694 million, compared with a negative net flow of €872 million in October 2022.
ΙΙ.1 Deposits placed by the general government
In November 2022, deposits placed by the general government decreased by €104 million, compared with a decrease of €322 million in the previous month; the annual growth rate stood at -4.3%, compared with -4.9% in the previous month.
ΙΙ.2 Deposits placed by the private sector
In November 2022, deposits placed by the private sector decreased by €591 million, compared with a decrease of €550 million in the previous month; the annual growth rate decreased to 4.5% from 5.9% in the previous month.
ΙΙ.2.1 Corporate deposits
In November 2022, corporate deposits decreased by €182 million, compared with a decrease of €671 million in the previous month; the annual growth rate decreased to 5.4% from 11.1% in the previous month. In particular, deposits from NFCs increased by €15 million, against a decrease of €678 million in the previous month. Deposits placed by insurance corporations and other financial intermediaries decreased by €197 million, compared with an increase of €6 million in the previous month.
ΙΙ.2.2 Deposits placed by households and private non-profit institutions
In November 2022, deposits placed by households and private non-profit institutions decreased by €409 million, compared with an increase of €121 million in the previous month; the annual growth rate remained almost unchanged at 4.2% from 4.3% in the previous month.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Vardis Vardinogiannis: ‘On a Ship’s Bridge You Always Look Forward’
Ten milestones in the half century since the creation of Motor Oil Group, as described by Vardis Vardinogiannis, who passed away on Tuesday at the age of 91
DBRS Says Greek Banks ‘Shielded’ from ECB Rate Cuts
The agency explains that fund disbursements through the banking sector will help offset pressures anticipated on interest margins beginning in 2025, due to expected rate cuts by the European Central Bank (ECB).
Meta Cuts Facebook and Instagram Subscription Fees by 40%
The social media giant also revealed that it will continue to offer free access to Facebook and Instagram for EU users, provided they agree to see ads based on a limited set of user data.
Skyrocketing Use of Debit, Credit Cards
The total value of the transactions conducted with debit and credit cards in the country in the first half of 2024 rose 2% on the corresponding period of 2023
JP Morgan Revised Greece Outlook to ‘Overweight’
The investment bank notes that Greece is showing the strongest GDP growth in the Eurozone. Additionally, efforts to clear up bank balance sheets are anticipated to yield increased capital returns.
Vardis I. Vardinogiannis, Greek Tycoon and Shipping Magnate, Dies at 91
In 1990, Vardinogiannis was targeted in an attack which involved three rockets fired at his vehicle by the terrorist organization 17 November.
Kudos for Greek Sheep’s Milk Cheeses
Graviera is the Greek version of the Swiss gruyère, and is generally considered the second most popular cheese made in the country after feta
EIB Survey: Greeks Rank Climate Change as Top Concern After Cost of Living
Specifically, 98% of the Greeks surveyed stated that the country must to adapt to climate change, with 60% saying that priority should be given to these adjustment measures
Trump Tells Putin not to Escalate Ukraine War during Phone Convo
Meanwhile, President Joe Biden, is preparing to lobby Trump against abandoning U.S. support for Kyiv
Former Thessaloniki Mayor Yiannis Boutaris Dies at 82
Boutaris entered politics in 2010, serving as the 60th mayor of Thessaloniki for two consecutive terms until 2019, becoming a transformative figure with his progressive policies.
