The positive conjuncture of the greek economy is reflected in the large increase in deposits, as evidenced by the figures of the Bank of Greece, which were published yesterday.
In December 2017, households and private non-profit institutions grew by EUR 2,635 bn, compared with an increase of EUR 67 mln in November, while the annual rate of change stood at 3,6%, from 3,1% last month.
According to Bank of Greece figures, in December 2017, private sector deposits rose by EUR 2.54 billion, compared to an increase of EUR 273 mln in the previous month, with the annual rate of change at 4.7%, from 4.8% in the previous month.
A decline of EUR 95 million was recorded in December 2017 for total business deposits, compared to an increase of EUR 206 million in the previous month, and their annual rate of change was 10% from 12.5% in the previous month.
In particular, the deposits of non-financial corporations increased by EUR 473 mln, compared to an increase of EUR 173 mln in the previous month, while deposits from insurance companies and other financial institutions declined by EUR 568 mln in December 2017, against an increase of EUR 33 mln in the previous month.
Bank lending remains negative
In December 2017, the annual rate of change in total financing of the economy stood at -1.6%, unchanged compared to the previous month, while the monthly net flow was positive by EUR 492 mln, against a negative net flow of EUR 218 mln in the previous month.
The annual rate of change in total deposits stood at 4.5% from 7.0% in the previous month, while the monthly net flow was negative by EUR 734 mln, against a positive net flow of EUR 1.76 bn./IBNA