Seasonal factors lead to strong deposit growth of 6.4 bln euros in Dec

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

The net private sector deposits in the Greek banking system grew strongly, as is the seasonal trend, in December with a jump of 6.38 billion euros, after a negative movement of 747 million euros in November, based on the latest Bank of Greece (BoG) figures released on Friday.

The annual growth in December was 3.1 percent year on year (YoY), from 2.4 percent in the preceding month.

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