Deposits of non-financial corporations increased by 2.180 billion euros, compared to a decrease of 1.425 billion euros in the previous month
Deposits of households and private non-profit institutions increased by 738 million euros in March 2023, compared to a decrease of 202 million euros in the previous month, while the annual rate of change increased to 3.6% from 3.2% in last month.
Business deposits increased by 1.581 billion euros, compared to a decrease of 1.255 billion euros in the previous month, while the annual rate of change increased to 7.2% from 0.6% in the previous month.
In particular, the deposits of non-financial companies increased by 2.180 billion euros, against a decrease of 1.425 billion euros in the previous month
. Deposits of insurance companies and other financial institutions decreased by 600 million euros, compared to an increase of 171 million euros in the previous month.
As a result, the deposits of the private sector of the economy increased by 2.3 billion euros in March against a decrease of 1.45 billion euros the previous month.
In terms of loans
The monthly net flow of funding to businesses in March 2023 was positive at €1.181bn, compared to a positive net flow of €150m in the previous month, while the annual rate of change rose to 10.2% from 9.8% last month.
In particular, the annual rate of change in financing of non-financial corporations (NFCs) increased to 10.6% from 9.7% in the previous month. Their monthly net funding flow was positive by 1.266 billion euros, compared to a negative net flow of 90 million euros the previous month. The annual rate of change in the funding of insurance companies and other financial institutions fell to 6.8% from 10.1% in the previous month. Their monthly net funding flow was negative €85 million, compared to a positive net flow of €240 million the previous month.
However, the monthly net flow of funding to individuals (mortgage and consumer loans) and private non-profit institutions was negative by €69 million in March 2023, compared to a negative net flow of €103 million in the previous month. The annual rate of change in their funding was unchanged at -2.5%, compared to the previous month.
Source: Skai
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