Bank of Greece
Bank of Greece
11/26/2021 | Press release | Distributed by Public on 11/26/2021 05:09
Bank credit and deposits: October 2021
26/11/2021 - Press Releases
- The annual growth rate of total credit extended to the domestic economy stood at 12.5% in October 2021, compared with 13.1% in the previous month.
- The annual growth rate of total deposits stood at 10.1%, compared with 11.4% in the previous month.
- Deposits placed by the private sector increased by €11 million in October 2021, compared with an increase of €441 million in the previous month.
I. Credit to the domestic economy
Τhe monthly net flow of total credit was positive by €1,277 million in October 2021, compared with a positive net flow of €2,082 million in the previous month (revised data).
Ι.1 Credit to the general government
InOctober 2021, the monthly net flow of credit to the general government was positive by €1,319 million, compared with a positive net flow of €1,457 million in the previous month; the annual growth rate decreased to 46.2% from 51.5% in the previous month.
Ι.2 Credit to the private sector
InOctober 2021, the annual growth rate of credit to the private sector stood at 0.9% compared with 0.8% in the previous month. The monthly net flow of credit was negative by €42 million, compared with a positive net flow of €625 million in the previous month (revised data).
Ι.2.1 Credit to corporations
InOctober 2021, the monthly net flow of credit to corporations was positive by €148 million, compared with a positive net flow of €611 million in the previous month; the annual growth rate increased to 3.8%, from 3.5% in the previous month. In particular, the annual growth rate of credit to non-financial corporations (NFCs) increased to 3.0% from 2.8% in the previous month; the monthly net flow was positive by €215 million, compared with a positive net flow of €384 million in the previous month. The annual growth rate of credit to insurance corporations and other financial intermediaries increased to 12.6% from 11.4% in the previous month; the monthly net flow was negative by €67 million, compared with a positive net flow of €227 million in the previous month.
Ι.2.2 Credit to sole proprietors and unincorporated partnerships
InOctober 2021, the monthly net flow of credit to sole proprietors and unincorporated partnerships was negative by €73 million, compared with a positive net flow of €32 million in the previous month; the annual growth rate decreased to 2.0% from 2.6% in the previous month.
Ι.2.3 Credit to individuals and private non-profit institutions
In October 2021, the monthly net flow of credit to individuals and private non-profit institutions was negative by €117 million, compared with a negative net flow of €18 million in the previous month (revised data); the annual growth rate stood at -2.5%, from -2.6% in the previous month.
- II. Deposits by the domestic economy with the domestic credit institutions
Τhe monthly net flow of total deposits was positive by €430 million, compared with a positive net flow of €207 million in September 2021.
ΙΙ.1 Deposits placed by the general government
InOctober 2021, deposits placed by the general government increased by €419 million, compared with a decrease of €234 million in the previous month; the annual growth rate stood at -11.0%, compared with -16.7% in the previous month.
ΙΙ.2 Deposits placed by the private sector
InOctober 2021, deposits placed by the private sector increased by €11 million, compared with an increase of €441 million in the previous month; the annual growth rate decreased to 11.5% from 13.3% in the previous month.
ΙΙ.2.1 Corporate deposits
InOctober 2021, corporate deposits decreased by €454 million, compared with a decrease of €60 million in the previous month; the annual growth rate increased to 36.1% from 33.2% in the previous month. In particular, deposits from NFCs decreased by €563 million, against an increase of €249 million in the previous month. Deposits placed by insurance corporations and other financial intermediaries increased by €109 million, compared with a decrease of €309 million in the previous month.
ΙΙ.2.2 Deposits placed by households and private non-profit institutions
InOctober 2021, deposits placed by households and private non-profit institutions increased by €465 million, compared with an increase of €501 million in the previous month; the annual growth rate decreased to 8.8% from 9.9% in the previous month.
Notes:
- The general government includes central government, local government and social security funds.
- Deposits include repos.
- The Bank of Greece is not included in domestic credit institutions.
Related information:
The next Press Release on "Bank credit and deposits" for November 2021 will be published on 29 December 2021, in accordance with the Advance release calendars, published on the Bank of Greece website.
Related links: