The Bank of Greece has reported a decline in private sector deposits for the second consecutive month. In February 2025, deposits fell by €1.7 billion, following a €4.78 billion drop in January.
Corporate deposits saw the largest decline, decreasing by €1.3 billion in February, compared to a €3.7 billion drop in January. Household and private non-profit institution deposits also fell, but by a smaller margin of €396 million, following a €1 billion decrease the previous month. In contrast, government deposits increased by €928 million, up from a €463 million rise in January.
Meanwhile, lending activity showed positive trends. The private sector saw an increase in financing, with the total monthly net flow reaching €1.41 billion, reversing the negative €1.67 billion recorded in January. Business loans contributed significantly to this shift, with a net increase of €1.44 billion. The annual loan growth rate for businesses rose to 16.5%, up from 15.9% the month before.
Loans to individuals and non-profits remained in decline, with a negative net flow of €33 million, though this was an improvement from January’s €144 million drop. The annual rate of change for individual financing remained steady at -0.5%.
Overall, while deposits continued to decline, lending activity rebounded in February, reflecting shifting financial conditions.
