Private sector deposits in April 2024 rose by 384 million euros, marking a contrast to the substantial 1.678 billion increase observed in the previous month, as per data from the Bank of Greece (BoG).
Some of the key points as per the BoG release were:
ΙΙ.1 Deposits placed by the general government
In April 2024, deposits held by the general government experienced a decline of 249 million euros, contrasting with the previous month’s decrease of 721 million. The annual growth rate registered at -27.7%, marking a slight decrease from the -24.5% observed in the preceding month.
ΙΙ.2 Deposits placed by the private sector
Deposits placed by the private sector in April increased by 384 million euros, compared with an increase of 1,678 million in the previous month; the annual growth rate increased to 2.8% from 2.6% in the previous month.
ΙΙ.2.1 Corporate deposits
Corporate deposits rose by 36 million euros in April 2024, a notable shift from the 1,278 million increase recorded in the previous month. The annual growth rate also climbed to 4.4% from 1.6% in March. Notably, non-financial corporations (NFCs) saw a decrease of 154 million euros compared to the previous month’s 1,507 million increase. Conversely, deposits from insurance corporations and other financial intermediaries surged by 190 million euros, contrasting with the previous month’s 229 million decrease.
ΙΙ.2.2 Deposits placed by households and private non-profit institutions
In April 2024, deposits from households and private non-profit institutions grew by 348 million euros, down slightly from the 400 million increase seen in the prior month. Meanwhile, the annual growth rate dipped to 2.3% from the previous month’s 2.9%.
