NPL&REO News

Greek private sector bank deposits rise in August

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

Top