The Bank of Greece published March 2026 monetary statistics showing a modest pickup in lending and deposits across the domestic economy. The annual growth rate of total credit rose to 4.4% from 4.2% in February, while the annual growth rate of total deposits increased to 5.9% from 5.3%. Monthly flows also reversed, with total bank credit recording a positive net flow of EUR 3.524 billion after a negative EUR 1.686 billion in the previous month, and total deposits showing a positive net flow of EUR 2.520 billion after a negative EUR 506 million. Private sector credit growth increased to 7.6% from 7.4%, supported mainly by corporations, where annual growth rose to 10.1% from 9.9% and the monthly net flow reached EUR 2.228 billion. Credit to non-financial corporations grew 10.4%, while credit to individuals and private non-profit institutions rose 2.7% and credit to sole proprietors and unincorporated partnerships remained negative at -1.5%. On the funding side, private sector deposits increased by EUR 2.126 billion after a EUR 440 million decline in February, although their annual growth rate edged down to 5.4% from 5.6%. Corporate deposits drove the monthly increase, rising by EUR 2.478 billion, while household and private non-profit deposits fell by EUR 352 million. General government deposits increased by EUR 394 million and their annual growth rate jumped to 17.4% from -0.8%.
Bank of Greece 2026-04-29
Bank of Greece reports March credit growth at 4.4 percent and deposit growth at 5.9 percent with net flows turning positive
The Bank of Greece reported March 2026 monetary statistics showing a modest pickup in lending and deposits, with annual growth in total credit at 4.4% and total deposits at 5.9%, alongside positive monthly net flows. Private sector credit growth accelerated to 7.6%, driven by non-financial corporations at 10.4%, while credit to sole proprietors and unincorporated partnerships stayed negative at -1.5%. Private sector deposits rose by EUR 2.126 billion, led by corporate deposits, and general government deposits increased by EUR 394 million, with their annual growth rate jumping to 17.4% from -0.8%.