Deposits drop of 2.13 bln in Oct driven by businesses

EconomyMacroeconomy Tags: BoG, Deposits
Photo via https://flic.kr/p/5Yb76K
Photo via https://flic.kr/p/5Yb76K

The Greek banking system’s private sector deposits fell significantly in October, with a net drop of 2.13 billion euros, after a rise of 2.65 billion euros in August, according to the latest Bank of Greece (BoG) figures released on Thursday.

The annual growth in October was 5.6 percent year on year (YoY), from 5.5 percent in the preceding month.

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