Sharp drop in corporate deposits drives 5.18-bln-euro drop in Jan

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

There was a significant movement in the Greek banking system’s private sector deposits during January, with a net drop of 5.18 billion euros, after a jump of 6.33 billion euros in December, according to the latest Bank of Greece (BoG) figures released on Thursday.

December has a strong seasonal factor as for accounting purposes firms maintain high liquidity at the end of the fiscal year.

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