Private Deposits in Greece Drop €4.787BN in Jan.: BoG

According to data from the Bank of Greece (BoG), private sector deposits recorded a notable drop of €4.787 billion in January. This follows an increase of €5.592 billion in December.

Business deposits fell by €3.785 billion in January, surpassing the €3.099 billion increase recorded in December. Household deposits also declined by €1 billion, following a €2.493 billion rise the previous month.

The overall net monthly flow of deposits was negative by €4.324 billion in January 2025, compared to a positive net flow of €5.243 billion in December 2024.

Deposits from the general government increased by €463 million in January 2025, reversing a €349 million decline in the previous month. The annual growth rate, however, fell to -5.9% from 8.4% in December.

Private sector deposits in Greece recorded a decrease of €4.787 billion in January 2025, compared to a €5.592 billion increase in the previous month. Despite the decline, the annual growth rate rose to 4.8% from 4.4% in December.

Business deposits shrank by €3.785 billion in January, following a €3.099 billion rise in December. The annual growth rate fell to 10.0% from 10.7% in the previous month.

Deposits from non-financial corporations (NFCs) dropped by €3.843 billion, compared to a €2.858 billion increase in December.

Deposits from insurance companies and other financial institutions rose by €58 million, following a €242 million increase in the previous month.

Household and private non-profit organization deposits decreased by €1.002 billion in January, reversing a €2.493 billion increase in December. However, the annual growth rate climbed to 3.1% from 2.4% in the previous month.

Source: pagenews.gr