ECONOMY

Greek bank deposits kept rising in September

Greek bank deposits kept rising in September

Greek bank deposits rose slightly in September, data from the country's central bank showed on Tuesday.

Business and household deposits rose by 530 million euros or 0.44 percent month-on-month to 121.67 billion euros ($134.55 billion) but remain at their lowest level since May 2003. They had risen slightly to 121.14 billion euros in August, halting a 10-month decline.

Greece saw an outflow of deposits of 42 billion euros from December to July. Capital controls the country imposed on June 28 helped contained the flight, which has sharply increased Greek banks' dependence on emergency liquidity assistance (ELA) from the Bank of Greece.

[Reuters]

Banking

Subscribe to our Newsletters

Enter your information below to receive our weekly newsletters with the latest insights, opinion pieces and current events straight to your inbox.

By signing up you are agreeing to our Terms of Service and Privacy Policy.

READ MORE
Greek banks’ stress test results will be better than expected, says source
ECONOMY

Greek banks’ stress test results will be better than expected, says source

Greece needs to recapitalize its banks by year end, says Dombrovskis
ECONOMY

Greece needs to recapitalize its banks by year end, says Dombrovskis

Gov’t cuts it fine with recap bill
ECONOMY

Gov’t cuts it fine with recap bill

Bank of Piraeus head says optimistic private equity can meet any shortfall
ECONOMY

Bank of Piraeus head says optimistic private equity can meet any shortfall

Gov’t wants an increased stake in banks
ECONOMY

Gov’t wants an increased stake in banks

Recap law to be voted next week
ECONOMY

Recap law to be voted next week