The Bank of Greece published its April 2025 banking statistics showing a rise in the annual growth rate of total credit to the domestic economy to 7.3% (from 6.9% in March) while the annual growth rate of total deposits slowed to 4.4% (from 5.1%). Monthly net flows turned negative in both series, with total credit posting a net outflow of EUR 52 million and total deposits a net outflow of EUR 1,097 million. By sector, credit to the general government recorded a monthly net inflow of EUR 46 million and an annual growth rate of 1.7%. Private sector credit growth rose to 10.9% year on year, despite a monthly net outflow of EUR 98 million, driven by corporations where the annual growth rate increased to 17.0% even as the monthly net flow was negative by EUR 94 million; credit to non-financial corporations grew 17.2% year on year. On deposits, private sector holdings fell by EUR 795 million (versus a EUR 2,405 million increase in March) and their annual growth rate eased to 4.2%; corporate deposits declined by EUR 1,145 million with annual growth slowing to 9.3%, while household and private non-profit deposits increased by EUR 350 million and their annual growth rate remained unchanged at 2.6%. The next “Bank credit and deposits” release covering May 2025 is scheduled for 30 June 2025.
Bank of Greece 2025-05-30
Bank of Greece reports faster credit growth and weaker deposit growth in April 2025
The Bank of Greece's April 2025 banking statistics show an increase in the annual growth rate of total credit to the domestic economy to 7.3%, while total deposits' growth slowed to 4.4%. Monthly net flows were negative, with total credit and deposits posting net outflows of EUR 52 million and EUR 1,097 million, respectively. Credit to the private sector grew 10.9% year on year, driven by corporations, while private sector deposits fell by EUR 795 million.