The annual rate of change remained unchanged at 4.1%.
An increase of 788 million euros was presented, in July 2022, by deposits of households and private non-profit institutions, compared to an increase of 722 million euros in the previous month, while the annual rate of change remained unchanged at 4.1%. Thus, the total of deposits from businesses and households amounted to 137.4 billion euros.
Private sector deposits increased according to its data Bank of Greece by 483 million euros (against an increase of 2,722 billion euros in the previous month) as deposits from businesses decreased by 304 million euros compared to an increase of 2 billion euros in the previous month. The monthly net flow of total deposits was positive by €892 million in July 2022, compared to a positive net flow of €2,266 million in June 2022.
On the lending side, the annual rate of change in total financing of the private sector increased to 5.5% from 4.5% in the previous month. The monthly net flow of total financing to the private sector was positive by €453 million, compared to a positive net flow of €2,058 million in the previous month.
In more detail, the monthly net flow of financing to businesses in July 2022 was positive by €608 million, compared to a positive net flow of €1.974 billion in the previous month, while the annual rate of change increased to 11.8 % from 10.0% last month.
In particular, the annual rate of change in financing of non-financial corporations (NFCs) increased to 10.8% from 9.7% in the previous month. Their monthly net funding flow was positive by 401 million euros, compared to a positive net flow of 1,855 million euros in the previous month. The annual rate of change in the financing of insurance companies and other financial institutions increased to 20.5% from 12.2% in the previous month. Their monthly net funding flow was positive by €206 million, compared to a positive net flow of €119 million the previous month.
In contrast, the monthly net flow of financing to individuals and private non-profit institutions was negative by €100 million in July 2022, compared to a positive net flow of €2 million in the previous month. The annual rate of change in their funding remained unchanged at -2.1%.
RES-EMP
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