Deposit rise of 1.3 bln in May led by corporates as household savings drop

EconomyMacroeconomy Tags: BoG, Deposits
Photo via https://flic.kr/p/2a8kbGu
Photo via https://flic.kr/p/2a8kbGu

The net private sector deposit movement in the Greek banking system in May stayed positive at 1.31 billion euros, from 1.35 billion euros in April, and negative movement of 989 million seen in March, based on Bank of Greece (BoG) figures released on Wednesday.

The latest two months reversed the negative movements during the first three months of 2022. Private sector deposits had not experienced back-to-back negative flows since the same period in 2019.

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