In January 2022, the annual rate of change of the total financing of the domestic economy reached 9.9%, from 10.2% in the previous month, as announced today by the Bank of Greece.
The annual rate of change of total deposits amounted to 8.1% from 8.0% in the previous month.
At the same time, private sector deposits decreased by 2,232 million euros in January 2022, compared to an increase of 4,260 million euros in the previous month, according to BoG data.
Financing the domestic economy
The monthly net flow of total funding was positive by € 1,519 million in January 2022, compared to a negative net flow of € 1,498 million the previous month.
I.1 General government funding
The monthly net flow of funding to general government in January 2022 was positive by € 2,822 million, compared to a negative net flow of € 3,416 million last month. The annual rate of change in general government funding fell to 32.7% from 33.4% the previous month.
I.2 Private sector financing
In January 2022, the annual rate of change in total private sector financing fell to 0.9% from 1.4% the previous month. The monthly net flow of total financing to the private sector was negative by € 1,304 million, compared to a positive net flow of € 1,918 million last month.
I.2.1 Business financing
The monthly net flow of financing to enterprises in January 2022 was negative by 994 million euros, compared to a positive net flow of 1,931 million euros in the previous month, while the annual rate of change decreased to 3.5% from 4.5 % last month. In particular, the annual rate of change in the financing of non-financial corporations (MFIs) decreased to 2.8% from 3.7% in the previous month. The monthly net flow of their funding was negative by 637 million euros, compared to a positive net flow of 1,511 million euros last month. The annual rate of change in the financing of insurance companies and other financial institutions decreased to 11.7% from 12.1% in the previous month. The monthly net flow of their funding was negative by 357 million euros, compared to a positive net flow of 420 million euros last month.
I.2.2 Financing of freelancers, farmers and sole proprietors
In January 2022, the monthly net flow of funding to the self-employed, farmers and sole proprietors was negative by € 66 million, compared to a positive net flow of € 88 million the previous month. The annual rate of change of their financing decreased to 1.1% from 2.0% in the previous month.
I.2.3 Financing of private and private non-profit institutions
The negative net flow of funding to individuals and private non-profit institutions in January 2022 was negative by 244 million euros, compared to a negative net flow of 102 million euros in the previous month. The annual rate of change of their financing remained unchanged at -2.4%.
Deposits of the domestic economy in domestic credit institutions
The monthly net flow of total deposits was negative by 1,962 million euros, compared to a positive net flow of 3,412 million euros in December 2021.
II.1 Deposits from the general government
In January 2022, general government deposits increased by 270 million euros, compared to a decrease of 848 million euros in the previous month, and the annual rate of change was -12.0% from -20.9% the previous year. month.
II.2 Deposits from the private sector
In January 2022, private sector deposits decreased by 2,232 million euros, compared to an increase of 4,260 million euros in the previous month, while the annual rate of change decreased to 9.3% from 9.9% in the previous month.
II.2.1 Deposits from companies
In January 2022, corporate deposits decreased by 1,774 million euros, compared to an increase of 1,556 million euros in the previous month, while the annual rate of change increased to 22.0% from 20.7% in the previous month. In particular, MXE deposits decreased by € 2,387 million, compared to an increase of € 2,265 million last month. Deposits of insurance companies and other financial institutions increased by 613 million euros, compared to a decrease of 710 million euros last month.
II.2.2 Deposits from households and private non-profit institutions
In January 2022, the deposits of households and private non-profit institutions decreased by 457 million euros, compared to an increase of 2,705 million euros in the previous month, while the annual rate of change decreased to 5.8% from 6.8 % last month.
Source: Capital
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