Bank of Greece: €3.486 billion increase in funding flow in December

The annual growth rate of total credit extended to the domestic economy stood at 9.1% in December 2022, compared with 5.9% in the previous month.

The annual growth rate of total deposits stood at 4.5% in December 2022, compared with 4.0% in the previous month.

Deposits placed by the private sector increased by €5,004 million in December 2022, compared with a decrease of €591 million in the previous month.

Ι. Credit to the domestic economy

Τhe monthly net flow of total credit was positive by €3,486 million in December 2022, compared with a positive net flow of €1,188 million in the previous month.

Ι.1 Credit to the general government

In December 2022, the monthly net flow of credit to the general government was positive by €648 million, compared with a positive net flow of €1,107 million in the previous month; the annual growth rate increased to 13.5% from 7.4% in the previous month.

Ι.2 Credit to the private sector

In December 2022, the annual growth rate of credit to the private sector increased to 6.3% from 5.0% in the previous month. The monthly net flow of credit was positive by €2,838 million, compared with a positive net flow of €82 million in the previous month.

Ι.2.1 Credit to corporations

In December 2022, the monthly net flow of credit to corporations was positive by €2,949 million, compared with a positive net flow of €44 million in the previous month; the annual growth rate increased to 12.3% from 10.4% in the previous month. In particular, the annual growth rate of credit to non-financial corporations (NFCs) increased to 11.8% from 10.0% in the previous month; the monthly net flow was positive by €2,301 million, compared with a positive net flow of €34 million in the previous month. The annual growth rate of credit to insurance corporations and other financial intermediaries increased to 16.6% from 14.5% in the previous month; the monthly net flow was positive by €647 million, compared with a positive net flow of €10 million in the previous month.

Ι.2.2 Credit to sole proprietors and unincorporated partnerships

In December 2022, the monthly net flow of credit to sole proprietors and unincorporated partnerships was positive by €22 million, compared with a negative net flow of €7 million in the previous month; the annual growth rate decreased to -0.9% from 0.4% in the previous month.

Ι.2.3 Credit to individuals and private non-profit institutions

In December 2022, the monthly net flow of credit to individuals and private non-profit institutions was negative by €132 million, compared with a positive net flow of €45 million in the previous month; the annual growth rate stood at -2.5% compared to -2.1% in the previous month.

ΙΙ. Deposits by the domestic economy with the domestic credit institutions

In December 2022, the monthly net flow of total deposits was positive by 4,389 million, compared with a negative net flow of €694 million in November 2022.

ΙΙ.1 Deposits placed by the general government

In December 2022, deposits placed by the general government decreased by €614 million, compared with a decrease of €104 million in the previous month; the annual growth rate stood at -1.9%, compared with -4.3% in the previous month.

ΙΙ.2 Deposits placed by the private sector

In December 2022, deposits placed by the private sector increased by €5,004 million, compared with a decrease of €591 million in the previous month; the annual growth rate increased to 4.8% from 4.5% in the previous month.

ΙΙ.2.1 Corporate deposits

In December 2022, corporate deposits increased by €1,790 million, compared with a decrease of €182 million in the previous month; the annual growth rate increased to 5.8% from 5.4% in the previous month. In particular, deposits from NFCs increased by €2,620 million, against an increase of €9 million in the previous month. Deposits placed by insurance corporations and other financial intermediaries decreased by €830 million, compared with a decrease of €191 million in the previous month.

ΙΙ.2.2 Deposits placed by households and private non-profit institutions

In December 2022, deposits placed by households and private non-profit institutions increased by €3,214 million, compared with a decrease of €409 million in the previous month; the annual growth rate remained almost unchanged at 4.4% from 4.2% in the previous month.