Greek private sector bank deposits rose slightly in August for a fifth month in a row, central bank data showed.
Business and household bank deposits increased to €183.09 billion at the end of August from €182.93 billion in July, Bank of Greece data showed.
Greek banks’ deposit inflows had been rising since the beginning of 2021 as lockdowns to stem the spread of the COVID-19 pandemic put a dent in consumer spending.
Greece’s economy expanded from April to June at a slower pace than in the first quarter and its annual growth rate decelerated.
Original Story: Zawya | George Georgiopoulos
Photo:Photo by Markellos P. from FreeImages
Edition: Prime Yield