Private sector deposits in Greece up by 3.014 bln€ in June 2023

Deposits in Greece held by the private sector increased by 3.014 billion euros in June 2023, compared with an increase of 790 million in the previous month, June 2023, the Bank of Greece announced on Wednesday.

The central bank, in its monthly report, said the annual growth rate of total deposits reached 3.4 percent in June 2023, compared with 3.3 percent the previous month.

Specifically, the monthly net flow of total deposits last month was positive, by 2.579 billion euros, compared with a positive net flow of 787 million euros in May 2023. Conversely, deposits placed by the general government decreased by 435 million euros, compared with a decrease of three million euros in the previous month. The annual growth rate increased to 2.6 percent from 2.3 percent in the previous month.

In June 2023, corporate deposits increased by 2.073 billion euros, compared with an increase of 1.117 billion euros in the previous month. The annual growth rate remained unchanged at 2.3 percent, compared to the previous month.

Deposits held by households and private non-profit institutions increased by 941 million euros, compared with a decrease of 327 million euros in the previous month. The annual growth rate remained mostly unchanged at 3.8 percent, compared to the previous month.