ECONOMY

Private sector bank deposits rise for 10th month in November

Private sector bank deposits rise for 10th month in November

Greek private sector bank deposits rose in November for the tenth month in a row, central bank data showed on Tuesday.

Business and household deposits increased to 158.7 billion euros ($194.93 billion) from 155.7 billion in October, 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 2018 and now relies on bond markets to refinance its debt. [Reuters]

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