Deposits edged up in Nov but credit contraction was close to 4 pct

EconomyMacroeconomy Tags: Banking, BoG, Liquidity, Loans

Greek private sector deposits increased by 0.4 percent month on month (mom) in November, for the first time since May, with balances reaching 161.04 billion euros, according to the Bank of Greece (BoG). Net inflows stood at 394 million in November from outflows of 630 million in October.

The monthly flow reflects sight additions of 538 million more than offsetting time outflows of 122 million and marginal savings deductions of 41 million. Nevertheless, the year to date flow remains slightly negative at 116 million, mainly on savings out...

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