Deposits down for fourth month in a row as tax obligations rise

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Deposits down for fourth month in a row as tax obligations rise

EconomyMacroeconomy 25/10/2013 - 16:15 Tags: Banking, BoG, Liquidity

Greek private sector deposits marginally slipped 0.53 percent month on month (mom) in September with balances reaching 161.35 billion euros. Net flow remained in negative territory for the fourth consecutive month with outflows increasing at 719 million in September from 212 million in August.

The monthly flow reflects time and savings net deductions at 940 million and 268 million respectively more than offsetting sight inflows of 501 million. The year to date flow is now marginally positive at 119 million on time inflows of 838 million count...

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