Deposits by households, businesses continue to increase in Greece; at 173.1 bln€ in August 2021
The figure was up by a whopping 21.3 billion euros, or 14 percent, compared to August 2020
An increase in bank deposits held by households and businesses in Greece continued in August 2021, according to systemic lender Eurobank, with the figure rising to 173.1 billion euros, up by 1.5 billion euros, or 0.9 percent, compared to the previous month, July 2021.
The figure was up by a whopping 21.3 billion euros, or 14 percent, compared to August 2020, a far cry from the summer of 2015, when capital controls were imposed by the previous government to prevent a “bank run” ahead of a controversial referendum on institutional creditors presumed conditions.
Moreover, the since the beginning of the pandemic, the increase in deposits held by banks and financial institutions in Greece rose by 30 billion euros, or 21 percent. In a breakdown, deposits held by households increased by 14.8 billion euros; 15.2 billion euros by businesses.
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