BUSINESS

Climate change boosts accounts

The continuing improvement in Greece’s economic climate saw bank deposits edge 275.2 million euros higher in April, figures released by the Bank of Greece showed on Wednesday, taking the account balance to 161.3 billion euros.

The Easter bonus received by private sector employees will have also played a part.

Household deposits climbed 176 million euros, reaching a total of 134.5 billion, while enterprises’ disposable cash expanded by approximately 99 million euros to 26.8 billion.

More than half of the total (84.1 billion euros) was in the form of time deposits, posting a small decline from 84.4 billion euros in March.

Furthermore, economic sentiment in Greece has grown significantly this month, reaching its highest level in almost six years.

According to European Commission data, its reading rose to 99.1 points – from 95.4 in April – the highest since August 2008.

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