The annual growth rate of total credit extended to the domestic economy stood at 9.1% in December 2022, compared with 5.9% in the previous month.
The annual growth rate of total deposits stood at 4.5% in December 2022, compared with 4.0% in the previous month.
Deposits placed by the private sector increased by €5,004 million in December 2022, compared with a decrease of €591 million in the previous month.
Ι. Credit to the domestic economy
Τhe monthly net flow of total credit was positive by €3,486 million in December 2022, compared with a positive net flow of €1,188 million in the previous month.
Ι.1 Credit to the general government
In December 2022, the monthly net flow of credit to the general government was positive by €648 million, compared with a positive net flow of €1,107 million in the previous month; the annual growth rate increased to 13.5% from 7.4% in the previous month.
Ι.2 Credit to the private sector
In December 2022, the annual growth rate of credit to the private sector increased to 6.3% from 5.0% in the previous month. The monthly net flow of credit was positive by €2,838 million, compared with a positive net flow of €82 million in the previous month.
Ι.2.1 Credit to corporations
In December 2022, the monthly net flow of credit to corporations was positive by €2,949 million, compared with a positive net flow of €44 million in the previous month; the annual growth rate increased to 12.3% from 10.4% in the previous month. In particular, the annual growth rate of credit to non-financial corporations (NFCs) increased to 11.8% from 10.0% in the previous month; the monthly net flow was positive by €2,301 million, compared with a positive net flow of €34 million in the previous month. The annual growth rate of credit to insurance corporations and other financial intermediaries increased to 16.6% from 14.5% in the previous month; the monthly net flow was positive by €647 million, compared with a positive net flow of €10 million in the previous month.
Ι.2.2 Credit to sole proprietors and unincorporated partnerships
In December 2022, the monthly net flow of credit to sole proprietors and unincorporated partnerships was positive by €22 million, compared with a negative net flow of €7 million in the previous month; the annual growth rate decreased to -0.9% from 0.4% in the previous month.
Ι.2.3 Credit to individuals and private non-profit institutions
In December 2022, the monthly net flow of credit to individuals and private non-profit institutions was negative by €132 million, compared with a positive net flow of €45 million in the previous month; the annual growth rate stood at -2.5% compared to -2.1% in the previous month.
ΙΙ. Deposits by the domestic economy with the domestic credit institutions
In December 2022, the monthly net flow of total deposits was positive by 4,389 million, compared with a negative net flow of €694 million in November 2022.
ΙΙ.1 Deposits placed by the general government
In December 2022, deposits placed by the general government decreased by €614 million, compared with a decrease of €104 million in the previous month; the annual growth rate stood at -1.9%, compared with -4.3% in the previous month.
ΙΙ.2 Deposits placed by the private sector
In December 2022, deposits placed by the private sector increased by €5,004 million, compared with a decrease of €591 million in the previous month; the annual growth rate increased to 4.8% from 4.5% in the previous month.
ΙΙ.2.1 Corporate deposits
In December 2022, corporate deposits increased by €1,790 million, compared with a decrease of €182 million in the previous month; the annual growth rate increased to 5.8% from 5.4% in the previous month. In particular, deposits from NFCs increased by €2,620 million, against an increase of €9 million in the previous month. Deposits placed by insurance corporations and other financial intermediaries decreased by €830 million, compared with a decrease of €191 million in the previous month.
ΙΙ.2.2 Deposits placed by households and private non-profit institutions
In December 2022, deposits placed by households and private non-profit institutions increased by €3,214 million, compared with a decrease of €409 million in the previous month; the annual growth rate remained almost unchanged at 4.4% from 4.2% in the previous month.
Latest News
PM Mitsotakis Discusses EU Defense, Security at North-South Summit
Hosted in Lapland, Finland, which shares a 1,300 km border with Russia, the summit brought together South and North European leaders to discuss security, defense, and migration
Surge in Investment and Soaring Housing Prices Across Greece
Greek housing prices have climbed sharply, recovering to 2011 levels and edging closer to their 2007 peak.
Greek Kiosks are Dying Out
The iconic Greek kiosk is dying out, and the empty shells remain to remind us of an urban everyday life that no longer exists.
Property Website: Athens-Area Residences Sold Within 6 Months, on Average
Data presented by the platform also shows higher prices in first 3 quarters of 2024
Bank of Greece Hails Economic Progress but Warns Stronger Growth Needed
Today's Bank of Greece Interim Report on Monetary Policy depicts a healthy economy, but warns that stronger growth is needed to fully overcome the economic crisis
Greek Christmas Dinner Costs Surges in 2024
The estimated cost for this year’s Christmas dinner (serving 6-8 people) ranges from 107.54 euros to 148.89 euros
Attica Bank to Eliminate Fees on More Banking Transactions
Attica Bank emphasized that these changes reflect its commitment to providing competitive and high-quality services
Cash Still Reigns in Greece Despite Surge in Electronic Payments
However, the ECB has expressed its opposition regarding legislative efforts by member states to restrict cash usage as a means of combating tax evasion.
Minister: Tourism Revenues in Greece to Hit €22 Billion in 2024
Sustainable development, investments, new offerings, upgraded training at the core of Greece's tourism strategy.
Greece: Double Salary Increase in Private Sector Coming Next Year
Starting from Jan. 1, 2025, social security contributions will be reduced by one percentage point with the aim of easing the burden on both employers and employees.