Deposits in Greek banks recorded a € 600 million decline in November, with increased tax liabilities peaking in the third quarter of the year.

Improving economic climate and business outlook could lead to a return of deposits up to 25 billion euros in the domestic banking system in the next 18 to 24 months, Eurobank's chairman Nikolaos Karamouzis said.

Bank of Greece (BoG) governor Yiannis Stournaras on Tuesday reassured that deposits in Greek banks are fully secured as after the recapitalization of banks the danger of a haircut has been eliminated