Bank of Greece reports January 2026 credit growth slows to 4.9% and deposits record a EUR 4.8bn monthly outflow

The Bank of Greece published its January 2026 bank credit and deposits statistics, showing a slowdown in annual growth rates and a marked swing to net monthly outflows. Total credit to the domestic economy grew 4.9% year on year (from 5.4% in the prior month), while total deposits grew 5.3% (from 5.4%); on a monthly net flow basis, total credit fell by EUR 2,460 million and total deposits fell by EUR 4,845 million. The contraction in credit was driven by the private sector, where the annual growth rate eased to 7.6% (from 7.9%) and the monthly net flow turned negative at EUR 2,144 million, including a EUR 1,975 million net decline in credit to corporations; corporate credit growth slowed to 10.3% (from 10.7%), with non-financial corporation credit growth at 10.9% (from 11.3%). Credit to the general government recorded a EUR 315 million monthly net decline and its annual growth rate fell to 0.6% (from 1.4%). On the funding side, the monthly drop in deposits reflected a EUR 5,184 million fall in private sector deposits, led by corporate deposits down EUR 4,429 million (including non-financial corporations down EUR 4,574 million), while household and private non-profit institution deposits fell EUR 756 million; general government deposits rose EUR 339 million even as their annual growth rate eased to 11.5% (from 13.9%). The next “Bank credit and deposits” press release covering February 2026 is scheduled for 26 March 2026.