BANKING

Bank deposits increase by 6.4 bln euros in December

Bank deposits increase by 6.4 bln euros in December

Deposits at Greek banks rose by 6.4 billion euros in December on a monthly basis, reaching €194.8 billion euros at the end of 2023. Of this, €3.3 billion of additional deposits are attributed to businesses and the other €3.1 billion from households.

The growth is attributed to the Christmas bonus and to the increased credit provided by banks to firms.

Of the total deposits, €146.6 billion comprises household savings, while another €48.2 billion is approximately the liquidity kept by businesses at banks.

During 2023, household deposits increased by €5.3 billion, despite rising inflation, while a further €3 billion has been transferred to mutual funds.

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