Greek deposits down 4.2 bln in Dec for highest outflows since June 2012

EconomyMacroeconomy Tags: Banking, BoG, Liquidity

Greek private sector deposits fell for the third straight month in December, when they declined by 2.4 percent month on month (MoM). Balances reached 160.29 billion euros, according to the Bank of Greece (BoG).

The MoM drop is the highest since June 2012 and reflects extended outflows of 4.2 billion euros compared to around 225 million in each of the preceding two months.

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