The Bank of Greece published its December 2024 statistics on bank credit and deposits, showing faster annual growth in total credit extended to the domestic economy and broadly stable annual growth in total deposits. Total credit growth rose to 5.3% from 5.0% in November, while total deposit growth was almost unchanged at 4.6%. Total credit recorded a positive monthly net flow of EUR 3.636bn, driven by a EUR 3.048bn net flow to the private sector, even as the private-sector annual growth rate eased to 8.9% from 10.0%. Credit to corporations showed a EUR 2.891bn net flow with annual growth slowing to 14.0% (non-financial corporations at 13.8%), while credit to individuals and private non-profit institutions remained slightly negative in annual terms at -0.5%. On the deposits side, total deposits posted a positive monthly net flow of EUR 5.243bn, with private-sector deposits increasing by EUR 5.654bn and their annual growth rate edging down to 4.5%. The next “Bank credit and deposits” press release, covering January 2025, is scheduled for 27 February 2025.
Bank of Greece 2025-01-29
Bank of Greece reports total credit growth rising to 5.3% in December 2024 while deposit growth holds at 4.6%
The Bank of Greece reported December 2024 statistics showing an increase in total credit growth to 5.3% and stable deposit growth at 4.6%. The private sector saw a net credit flow of EUR 3.048bn, with annual growth slowing to 8.9%. Total deposits increased by EUR 5.243bn, with private-sector deposits rising by EUR 5.654bn, though their annual growth rate slightly decreased to 4.5%.