BUSINESS

Bank deposits rise in May for third month in a row

TAGS: Banking, Statistics

Greek private sector bank deposits rose in May for the third successive month, central bank data showed on Monday.

Businesses and household deposits increased to 135.28 billion euros ($153.20 billion) from 134.69 billion in April, Bank of Greece data showed.

Greek banks have seen deposit inflows over the space of more than two years after the country clinched a third bailout to stay in the euro zone in July 2015.

Athens exited its latest bailout in August and is relying on bond markets to refinance its debt. 

[Reuters]

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