Bank deposits rise in December

Bank deposits rise in December

Greek private sector bank deposits rose in December by about 3 billion euros, central bank data showed on Monday, reversing a fall in the two previous months.

Private sector bank deposits had risen for eight straight months before a dip in October and November.

Businesses and household deposits rose to 134.49 billion euros from 131.39 billion euros in November, 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 will be relying on bond markets to refinance its debt. [Reuters]

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.