Private sector deposits increased by 2.269 billion. euros, in November 2024, against a decrease of 2.258 billion. euros last month, according to data from the Bank of Greece.

THE annual rate of change of the total financing of the domestic economy increased to 5.0% in November 2024 from 4.5% in the previous month and the annual rate of change of total deposits increased to 4.7% from 2.7% in the previous month.

The announcement of the Bank of Greece in detail:

I. Financing the domestic economy

The monthly net flow of total funding was positive by 2,539 million. euros, in November 2024, against a positive net flow of 2,775 million. euros in the previous month.

I.1 Funding of the general government

The monthly net flow of funding to general government in November 2024 was positive by 607 million. euros, against a positive net flow of 894 million euros in the previous month. The annual rate of change in general government funding stood at -2.3% from -2.4% in the previous month.

I.2 Financing of the private sector

In November 2024, the annual rate of change in total private sector financing increased to 10.0% from 9.1% in the previous month. The monthly net flow of total financing to the private sector was positive by 1,931 million. euros, against a positive net flow of 1,881 million euros in the previous month.

I.2.1 Business financing

The monthly net flow of funding to businesses in November 2024 was positive by 1,898 million. euros, against a positive net flow of 2.020 million euros in the previous month, while the annual rate of change increased to 16.2% from 14.8% in the previous month. In particular, the annual rate of change in financing of non-financial corporations (NFCs) increased to 15.8% from 13.4% in the previous month. Their monthly net funding flow was positive by 1,558 million. euros, against a positive net flow of 2,198 million euros in the previous month. The annual rate of change in the financing of insurance companies and other financial institutions fell to 20.1% from 26.8% in the previous month. Their monthly net funding flow was positive by 341 million. euros, against a negative net flow of 177 million euros in the previous month.

I.2.2 Financing of freelancers, farmers and individual businesses

In November 2024, the monthly net flow of funding to freelancers, farmers and sole proprietorships was positive by 12 million. euros, against a negative net flow of 61 million euros in the previous month. The annual rate of change in their funding stood at 0.5% from 0.4% in the previous month.

I.2.3 Financing of private and private non-profit institutions

The monthly net flow of funding to individuals and private non-profit institutions was positive by €21 million in November 2024, compared to a negative net flow of €78 million in the previous month. The annual rate of change in their funding was -0.7%, unchanged from the previous month.

II. Deposits of the domestic economy in domestic credit institutions

The monthly net flow of all deposits was positive by 3,068 million. euros, in November 2024, against a negative net flow of 1,869 million. euro in October 2024.

II.1 Deposits from the general government

An increase of 799 million In November 2024, the deposits of the general government presented euros, against an increase of 389 million. euro in the previous month, and the annual rate of change was -1.7% from -12.1% in the previous month.

II.2 Deposits from the private sector

Private sector deposits increased by 2,269 million. euros, in November 2024, against a decrease of 2,258 million euros in the previous month, while the annual rate of change increased to 5.0% from 3.3% in the previous month.

II.2.1 Deposits from businesses

Increase by 1,718 million In November 2024, the deposits of businesses showed 2,122 million euros, compared to a decrease of 2,122 million. euros in the previous month, and the annual rate of change increased to 11.9% from 6.3% in the previous month. In particular, MXE deposits increased by 1,368 million. euros, compared to a decrease of 2,286 million euros in the previous month. The deposits of insurance companies and other financial institutions increased by 350 million. euros, against an increase of 164 million euros in the previous month.

II.2.2 Deposits from households and private non-profit institutions

Increase by 551 million In November 2024, the deposits of households and private non-profit institutions presented euros, against a decrease of 137 million. euros in the previous month, while the annual rate of change increased to 2.8% from 2.3% in the previous month.