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The annual growth rate of total deposits increased to 10.7% from 6.9% in the previous month; the monthly net flow was positive by €3,160 million, compared with a positive net flow of €1,421 million in March 2021.
Ι. Credit to the domestic economy
Ι.1 Credit to the general government[1]
InApril 2021, the monthly net flow of credit to the general government was positive by €5,058 million, compared with a positive net flow of €3,575 million in the previous month; the annual growth rate increased to 81.3% from 77.9% in the previous month.
Ι.2 Credit to the private sector
InApril 2021, the annual growth rate of credit to the private sector decreased to 2.4% from 2.9% in the previous month. The monthly net flow of credit was negative by €787 million, compared with a positive net flow of €405 million in the previous month.
Ι.2.1 Credit to corporations
InApril 2021, the monthly net flow of credit to corporations was negative by €657 million, compared with a positive net flow of €596 million in the previous month; the annual growth rate decreased to 6.7% from 7.9% in the previous month. In particular, the annual growth rate of credit to non-financial corporations (NFCs) decreased to 6.7% from 8.7% in the previous month; the monthly net flow was negative by €894 million, compared with a positive net flow of €414 million in the previous month. The annual growth rate of credit to insurance corporations and other financial intermediaries increased to 6.8% from 0.0% in the previous month; the monthly net flow was positive by €237 million, compared with a positive net flow of €182 million in the previous month.
Ι.2.2 Credit to sole proprietors and unincorporated partnerships
InApril 2021, the monthly net flow of credit to sole proprietors and unincorporated partnerships was positive by €7 million, compared with a positive net flow of €33 million in the previous month; the annual growth rate increased to 4.2% from 3.8% in the previous month.
Ι.2.3 Credit to individuals and private non-profit institutions
In April 2021, the monthly net flow of credit to individuals and private non-profit institutions was negative by €138 million, compared with a negative net flow of €225 million in the previous month; the annual growth rate stood at -2.5% from -2.7% in the previous month.
ΙΙ. Deposits[2] by the domestic economy with the domestic credit institutions[3]
ΙΙ.1 Deposits placed by the general government
InApril 2021, deposits placed by the general government increased by €203 million, compared with a decrease of €229 million in the previous month; the annual growth rate stood at -33.7% compared with -50.6% in the previous month.
ΙΙ.2 Deposits placed by the private sector
InApril 2021, deposits placed by the private sector increased by €2,957 million, compared with an increase of €1,650 million in the previous month; the annual growth rate increased to 14.7% from 13.8% in the previous month.
ΙΙ.2.1 Corporate deposits
InApril 2021, corporate deposits increased by €1,291 million, compared with an increase of €857 million in the previous month; the annual growth rate decreased to 15.9% from 19.8% in the previous month. In particular, deposits from NFCs decreased by €543 million, against an increase of €1,696 million in the previous month. Deposits placed by insurance corporations and other financial intermediaries increased by €1,834 million, compared with a decrease of €839 million in the previous month.
ΙΙ.2.2 Deposits placed by households and private non-profit institutions
InApril 2021, deposits placed by households and private non-profit institutions increased by €1,666 million, compared with an increase of €793 million in the previous month; the annual growth rate stood at 9.3%, unchanged from the previous month.
Note: The next Press Release on 'Bank credit and deposits' for May 2021 will be published on 25 June 2021, in accordance with the Advance release calendars, published on the Bank of Greece website (Credit Aggregates, Bank Deposits).
[1] The general government includes central government, local government and social security funds.
[2] Including repos.
[3] Excluding the Bank of Greece.
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Bank of Greece published this content on 31 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 May 2021 10:15:06 UTC.
