Deposits record growth of 5 bln in Dec, balance at highest since summer 2011

EconomyMacroeconomy Tags: BoG, Deposits
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The net private sector deposit movement in the Greek banking system turned positive in December with a jump of 5 billion euros, after a drop of 591 million euros in November, based on Bank of Greece (BoG) figures released on Friday.

After the first back-to-back drop since March this year, December recorded the highest flow since December 2012 when deposits grew by 5.75 billion euros, noting that December is traditionally a month of solid growth thanks to Christmas bonus payments an...

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