Bank of Greece reports March 2025 rise in domestic credit growth to 6.9% and deposit growth to 5.1%

The Bank of Greece published its March 2025 “Bank credit and deposits” statistics, showing faster year-on-year growth in total credit to the domestic economy and in total deposits held with domestic credit institutions. Total credit growth rose to 6.9% from 6.2% in February, alongside a positive monthly net flow of EUR 2,901 million. Total deposits growth increased to 5.1% from 4.9%, with a monthly net inflow of EUR 1,359 million. Within credit, the monthly net flow to the general government turned positive at EUR 949 million and the annual growth rate increased to 1.6% from -0.2%. Credit to the private sector grew 10.3% year on year (down from 10.5%) with a net inflow of EUR 1,952 million, driven mainly by corporations (EUR 1,867 million), including non-financial corporations (EUR 1,938 million; annual growth broadly stable at 16.8%). Credit to insurance corporations and other financial intermediaries recorded a net outflow of EUR 71 million and annual growth slowed to 10.0% from 14.6%. On deposits, private sector deposits increased by EUR 2,405 million (after a EUR 1,701 million fall in February) and annual growth edged up to 4.8% from 4.5%, supported by corporate deposits (EUR 2,563 million; annual growth 11.9% from 9.4%) while household and private non-profit deposits fell by EUR 158 million and annual growth eased to 2.6% from 3.0%. General government deposits decreased by EUR 1,046 million and the annual growth rate slowed to 12.1% from 15.3%. The next press release covering April 2025 data is scheduled for 30 May 2025.