BoG: Rate of increase for private sector deposits in Greece slows in May 2021
The annual growth rate decreased to 13.7 percent from 14.8 percent in the previous month
Spotlight
The rate of soaring bank deposits held by private sector households and businesses in Greece slowed down in May 2021, compared with the increase in the previous month, April, with an additional 359 million euros finding their way to bank vaults in the former, down from an eyebrow-raising 3.126 billion euros in the immediately preceding month.
The annual growth rate decreased to 13.7 percent from 14.8 percent in the previous month.
On an annual basis, the growth rate of total deposits increased to 11.2 percent from 10.8 percent in the previous month.
Since the advent of the pandemic in the east Mediterranean country, private sector bank deposits have increased by roughly 24 billion euros.
The entire breakdown by the Bank of Greece is here
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