According to the Bank of Greece, the monthly net flow of total credit was positive by €1,188 million in November 2022, compared with a negative net flow of €639 million in the previous month.
In November 2022, the monthly net flow of credit to the general government was positive by €1,107 million, compared with a positive net flow of €259 million in the previous month; the annual growth rate decreased to 7.4% from 7.6% in the previous month.
In November 2022, the annual growth rate of credit to the private sector decreased to 5.0% from 5.3% in the previous month. The monthly net flow of credit was positive by €81 million, compared with a negative net flow of €898 million in the previous month.
The monthly net flow of credit to corporations was positive by €44 million, compared with a negative net flow of €665 million in the previous month; the annual growth rate decreased to 10.4% from 11.3% in the previous month. In particular, the annual growth rate of credit to non-financial corporations (NFCs) decreased to 10.0% from 10.8% in the previous month; the monthly net flow was positive by €34 million, compared with a negative net flow of €606 million in the previous month. The annual growth rate of credit to insurance corporations and other financial intermediaries decreased to 14.5% from 16.5% in the previous month; the monthly net flow was positive by €10 million, compared with a negative net flow of €60 million in the previous month.
The monthly net flow of credit to sole proprietors and unincorporated partnerships was negative by €7 million, compared with a negative net flow of €80 million in the previous month; the annual growth rate decreased to 0.4% from 0.7% in the previous month.
In November 2022, the monthly net flow of credit to individuals and private non-profit institutions was positive by €44 million, compared with a negative net flow of €153 million in the previous month; the annual growth rate stood at -2.1% compared to -2.3% in the previous month.
The monthly net flow of total deposits was negative by €694 million, compared with a negative net flow of €872 million in October 2022.
In November 2022, deposits placed by the private sector decreased by €591 million, compared with a decrease of €550 million in the previous month; the annual growth rate decreased to 4.5% from 5.9% in the previous month.
The corporate deposits decreased by €182 million, compared with a decrease of €671 million in the previous month; the annual growth rate decreased to 5.4% from 11.1% in the previous month. In particular, deposits from NFCs increased by €15 million, against a decrease of €678 million in the previous month. Deposits placed by insurance corporations and other financial intermediaries decreased by €197 million, compared with an increase of €6 million in the previous month.
Meanwhile deposits placed by households and private non-profit institutions decreased by €409 million, compared with an increase of €121 million in the previous month; the annual growth rate remained almost unchanged at 4.2% from 4.3% in the previous month.
