Greek deposits fell by 1.4 pct in January amid outflows of 2.3 bln

EconomyMacroeconomy Tags: Banking, BoG, Liquidity
Photo by MacroPolis
Photo by MacroPolis

Greek private sector deposits fell 1.4 percent month on month (mom) in January with balances reaching 161.03 billion euros, according to the Bank of Greece (BoG).

Net flow turned negative with outflows of 2.39 billion, fully offsetting the inflows of 2.35 billion recorded in December. The negative flow in January mainly reflects payments of increased tax obligations of both households and enterprises.

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