The Bank of Greece published its February 2026 statistics on bank credit and deposits, showing a slowdown in the annual growth rate of total credit to the domestic economy to 4.2% (from 4.9%) and unchanged annual growth in total deposits at 5.3%. Monthly net flows remained negative for total credit (-EUR 1.686 billion) and total deposits (-EUR 511 million). The contraction in total credit was driven by a sharp negative monthly net flow to the general government (-EUR 2.950 billion), taking its annual growth rate down to -1.0% (from 0.6%). Credit to the private sector recorded a positive monthly net flow of EUR 1.264 billion, while its annual growth rate edged down to 7.4% (from 7.6%): corporate credit rose by EUR 1.243 billion (annual growth 9.9%, down from 10.3%), credit to sole proprietors and unincorporated partnerships was slightly negative (-EUR 6 million; annual growth -1.8%), and credit to individuals and private non-profit institutions was slightly positive (EUR 28 million; annual growth 2.6%). The next press release covering March 2026 is scheduled for 29 April 2026.
Bank of Greece 2026-03-26
Bank of Greece reports slower annual growth in total credit to 4.2% and stable deposit growth at 5.3% in February 2026
The Bank of Greece reported a slowdown in the annual growth rate of total credit to the domestic economy to 4.2% in February 2026, down from 4.9%, while total deposits maintained an annual growth rate of 5.3%. Monthly net flows were negative for both total credit (-EUR 1.686 billion) and total deposits (-EUR 511 million), with a significant contraction in credit to the general government. Credit to the private sector had a positive monthly net flow of EUR 1.264 billion, though its annual growth rate slightly decreased to 7.4%.