Fuelled by drop in corporate deposits, Nov outflow at 904 mln

EconomyMacroeconomy Tags: BoG, Deposits
Photo via https://flic.kr/p/2b9vcaC
Photo via https://flic.kr/p/2b9vcaC

The net private sector deposits in the Greek banking system contracted strongly in November, with a 904-million-euro outflow, after a negative movement of 2.14 billion euros in October, based on the latest Bank of Greece (BoG) figures released on Tuesday.

The annual growth in October was 2.4 percent year on year (YoY), from 2.5 percent in the preceding month.

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