Greek citizens increased, in total, the value of certain assets they held in 2024, according to figures collected by ot.gr and presented this week, with highlights being a higher demand for state bonds, rising bank deposits and an interest in “alternative” investments aimed at earning higher yields.
For instance, according to the Bank of Greece (BoG), deposits retained by households in banks in the country reached 147.78 billion euros in November 2024 – the last month for which figures are available – up from 144.65 billion euros in January 2024. The same figure is expected to rise as the month December generally sees a boost in deposits.
New capital flowing to mutual funds managed in the country reached 6.32 billion euros in 2024, with the total being 22.10 billion euros by the end of 2024, up from 15.78 billion in January 2024. The 40.4% hike is attributed to investors and depositors searching for better yields than the marginal interest rates being offered by Greek banks throughout the year.
On the lower end of the scale, one billion euros was sunk into Greek state bonds by private investors in the country, as a recent liberalization allows individual investors to purchase up to 15,000 euros of state debt per singular tax code.
