The annual growth rate of total credit extended to the domestic economy stood at 12.2% in November 2021, compared with 12.4% in the previous month.

The annual growth rate of total deposits stood at 9.3%, compared with 10.1% in the previous month.

Deposits placed by the private sector increased by EUR1,833 million in November 2021, compared with an increase of EUR11 million in the previous month.

?. Credit to the domestic economy

?he monthly net flow of total credit was positive by EUR1,633 million in November 2021, compared with a positive net flow of EUR1,239 million in the previous month.

?.1 Credit to the general government

In November 2021, the monthly net flow of credit to the general government was positive by EUR1,163 million, compared with a positive net flow of EUR1,281 million in the previous month; the annual growth rate decreased to 43.3% from 46.2% in the previous month.

?.2 Credit to the private sector

In November 2021, the annual growth rate of credit to the private sector increased to 1.1% compared with 0.9% in the previous month. The monthly net flow of credit was positive by EUR470 million, compared with a negative net flow of EUR42 million in the previous month.

?.2.1 Credit to corporations

In November 2021, the monthly net flow of credit to corporations was positive by EUR538 million, compared with a positive net flow of EUR148 million in the previous month; the annual growth rate increased to 4.0%, from 3.8% in the previous month. In particular, the annual growth rate of credit to non-financial corporations (NFCs) increased to 3.2% from 3.0% in the previous month; the monthly net flow was positive by EUR437 million, compared with a positive net flow of EUR215 million in the previous month. The annual growth rate of credit to insurance corporations and other financial intermediaries increased to 13.1% from 12.6% in the previous month; the monthly net flow was positive by EUR101 million, compared with a negative net flow of EUR67 million in the previous month.

?.2.2 Credit to sole proprietors and unincorporated partnerships

In November 2021, the monthly net flow of credit to sole proprietors and unincorporated partnerships was positive by EUR7 million, compared with a negative net flow of EUR73 million in the previous month; the annual growth rate decreased to 1.5% from 2.0% in the previous month.

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

In November 2021, the monthly net flow of credit to individuals and private non-profit institutions was negative by EUR76 million, compared with a negative net flow of EUR117 million in the previous month; the annual growth rate stood at -2.3%, from -2.5% in the previous month.

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

?he monthly net flow of total deposits was positive by EUR1,668 million, compared with a positive net flow of EUR430 million in October 2021.

??.1 Deposits placed by the general government

In November 2021, deposits placed by the general government decreased by EUR164 million, compared with an increase of EUR419 million in the previous month; the annual growth rate stood at -8.8%, compared with -11.0% in the previous month.

??.2 Deposits placed by the private sector

In November 2021, deposits placed by the private sector increased by EUR1,833 million, compared with an increase of EUR11 million in the previous month; the annual growth rate decreased to 10.4% from 11.5% in the previous month.

??.2.1 Corporate deposits

In November 2021, corporate deposits increased by EUR2,057 million, compared with a decrease of EUR454 million in the previous month; the annual growth rate decreased to 20.4% from 21.0% in the previous month. In particular, deposits from NFCs increased by EUR2,078 million, against a decrease of EUR563 million in the previous month. Deposits placed by insurance corporations and other financial intermediaries decreased by EUR22 million, compared with an increase of EUR109 million in the previous month.

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

In November 2021, deposits placed by households and private non-profit institutions decreased by EUR224 million, compared with an increase of EUR465 million in the previous month; the annual growth rate decreased to 7.5% from 8.8% 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.

(C) 2021 Electronic News Publishing, source ENP Newswire