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BoG: Bank deposits up in March

Featured BoG: Bank deposits up in March

Deposits placed by households and private non-profit institutions increased by 519 million euros in March, compared with an increase of 277 million euros in the previous month, while the annual growth rate of deposits stood at 5.4 pct from 5.9 pct in February, the Bank of Greece said in a report released on Tuesday.

In March 2019, deposits placed by the general government decreased by 828 million euros, compared with an increase of 284 million in the previous month and the annual growth rate stood at 18.5 pct from 21.2 pct in the previous month. 
 In March 2019, deposits placed by the private sector increased by 1,282 million euros, compared with a decrease of 789 million in the previous month and the annual growth rate stood at 5.6 pct from 5.5 pct in the previous month. 
 In March 2019, corporate deposits increased by 762 million euros, compared with a decrease of 1,065 million in the previous month and the annual growth rate stood at 6.5 pct from 3.7 pct in the previous month. 
 In March 2019, the annual growth rate of total credit extended to the economy stood at -0.5 pct from -1.2 pct in the previous month and the monthly net flow was positive at 601 million, compared with a negative net flow of 694 million euros in the previous month. The annual growth rate of total deposits stood at 6.9 pct from 7.2 pct in the previous month, while the monthly net flow was positive at 453 million, compared with a negative net flow of 504 million in February 2019. In March 2019, the monthly net flow of credit to the general government was positive at 380 million euros, compared with a negative net flow of 1,150 million in the previous month. The annual growth rate of credit to the general government stood at 0.1 pct from -4.9 pct in the previous month. 
 In March 2019, the annual growth rate of credit to the private sector stood at -0.6 pct, unchanged from the previous month. The monthly net flow of credit to the private sector was positive at 221 million euros, compared with a positive net flow of 456 million in the previous month.