Deposits decline by 2.23 bln in customary Jan drop

EconomyMacroeconomy Tags: BoG, Deposits
Photos by Dennis Skley via Flickr
Photos by Dennis Skley via Flickr

The net private sector deposit movement in the Greek banking system turned negative in January by 2.23 billion, after rising significantly by 4.29 billion euros in December, based on Bank of Greece (BoG) figures released on Friday.

This is the first negative movement since January last year. It should be noted, though, that in January traditionally there is a negative flow.

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