Ordinary Greeks and businesses are dipping into their savings to manage the detrimental impact of rising costs, as the latest official data from the Bank of Greece (BoG) shows.
The data revealed that private sector deposits were down by €2.258 billion in October 2024, a stark contrast to the €2.324 billion increase recorded in the previous month.
More specifically:
According to the Bank of Greece data, business deposits fell sharply by €2.122 billion in October 2024, while household deposits also declined, albeit more modestly, by €136 million.
The net monthly flow of total deposits was negative, amounting to €1.869 billion in October 2024, compared to a positive net flow of €2.361 billion in September 2024.
Government deposits in Greece saw an increase of €389 million in October 2024, compared to a €37 million rise in the previous month. The annual rate of change improved slightly to -12.1% from -14.2% in September.
In contrast, private sector deposits decreased by €2.258 billion in October 2024, following a €2.324 billion increase in September. Despite the decline, the annual growth rate of private sector deposits remained steady at 3.3%.
In October 2024, the monthly net flow of credit to individuals and private non-profit institutions was negative by €78 million, compared with a negative net flow of €21 million in the previous month; the annual growth rate stood at -0.7%, compared with -0.8% in the previous month.
In October 2024, the monthly net flow of total deposits was negative by €1.869 billion, compared with a positive net flow of €2.361 billion in September 2024.
Source: tovima.com
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Greek Tax Authorities Target Tax Evasion via Lifestyle Audits
Audit teams use advanced algorithms and risk analysis to conduct lifestyle audits and identify taxpayers suspected of concealing undeclared income.
Giannis Antetokounmpo Invests in AI Video Production Platform
The platform, founded in 2021 by Victorien Tixier and Xavier Green, automatically tags and organizes content, allowing teams to speed up distribution to broadcasters, sponsors, and even the athletes themselves
Greece’s Industrial Production Rises 5.8% in December
For the entire year, the average General Index of Industrial Production increased by 5.2% in comparison to the corresponding period in 2023.
Study Shows Athens Traffic Congestion Up
On average, car drivers and their passengers who venture out onto Greater Athens’ roads will spend roughly half an hour in the vehicle to cover a distance of 10 kilometers
Judge Blocks Elon Musk’s Team from Accessing Treasury Payment System
Judge blocks Elon Musk’s team from Treasury access over security risks and potential misuse of federal payment data.
Make Europe Great Again in Madrid
Far-right leaders rally in Madrid to 'Make Europe Great Again
Seismologists Cautiously Optimistic as Aegean Earthquake Activity Evolves
Seismologists grow increasingly optimistic as Aegean earthquake activity shows signs of decline
Earthquakes Continue to Shake the Cyclades, Experts Monitor Declining Activity
Ongoing earthquakes rattle Greece's Cycladic islands, but experts believe activity may be slowing.
Santorini Earthquakes Might Affect Greek Tourism Revenue: NBG Report
The areas directly affected by the tremors account for approximately 4% of both the country's annual tourism revenues and the total annual turnover in the accommodation and food service sectors
Greek Trade Deficit Surges to €34.6 Billion in 2024 Amid Export Decline
Conversely, numbers indicate that exports declined, totaling to 49.90 billion euros in 2024, down from 51.02 billion euros in 2023 marking a 2.2% decrease.
![Ηλεκτρική ενέργεια: Αυξήσεις στα τιμολόγια Μαρτίου δείχνει το ράλι του φυσικού αερίου [γράφημα]](https://www.ot.gr/wp-content/uploads/2025/02/shutterstock_679399249-90x90.jpg)
![Επανεξέταση καταλογιστικών πράξεων της φορολογικής διοίκησης [Β’ Μέρος]](https://www.ot.gr/wp-content/uploads/2024/12/taxes-scaled-1-600x429.jpg)
![Επενδύσεις: Πόσο στηρίζουν το ελληνικό ΑΕΠ – Τι δείχνει μελέτη της Alpha Bank [γραφήματα]](https://www.ot.gr/wp-content/uploads/2023/12/ot_artificial_ependyseis-600x352.png)
