The annual rate of change in the total financing of the domestic economy from 7.6% in the previous month amounted to 7.3% in May, as announced by the Bank of Greece.
The annual rate of change of total deposits amounted to 6.1%, from 5.7% in the previous month, while private sector deposits increased by 1,311 million euros in May 2022, compared to an increase of 1,350 million euros in the previous month. month, according to BoG data.
Financing the domestic economy
The monthly net flow of total funding was positive by 2,011 million euros in May 2022, compared to a positive net flow of 846 million euros the previous month.
I.1 General government funding
The monthly net inflow of funding to the general government in May 2022 was positive by 1,547 million euros, compared to a positive net inflow of 239 million euros the previous month. The annual rate of change in general government funding fell to 15.4% from 17.4% last month.
I.2 Private sector financing
In May 2022, the annual rate of change in total private sector financing increased to 3.2% from 2.8% in the previous month. The monthly net flow of total funding to the private sector was positive by € 464 million, compared to a positive net flow of € 607 million last month.
I.2.1 Business financing
The monthly net flow of financing to enterprises in May 2022 was positive by 589 million euros, compared to a positive net flow of 699 million euros in the previous month, while the annual rate of change increased to 7.8% from 7.0 % last month. In particular, the annual rate of change in the financing of non-financial corporations (MFIs) increased to 7.3% from 6.1% in the previous month. The monthly net flow of their funding was positive by 764 million euros, compared to a positive net flow of 683 million euros last month. The annual rate of change in the financing of insurance companies and other financial institutions decreased to 12.4% from 15.4% in the previous month. The monthly net flow of their funding was negative by 175 million euros, compared to a positive net flow of 16 million euros last month.
I.2.2 Financing of freelancers, farmers and sole proprietors
In May 2022, the monthly net flow of funding to the self-employed, farmers and sole proprietors was positive by 23 million euros, compared to a negative net flow of 26 million euros the previous month. The annual rate of change of their financing increased to 0.8% from 0.3% 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 May 2022 was negative by 148 million euros, compared to a negative net flow of 67 million euros in the previous month. The annual rate of change of their financing was -2.3% from -2.2% in the previous month.
Deposits of the domestic economy in domestic credit institutions
The monthly net flow of total deposits was positive by 1,263 million euros, compared to a positive net flow of 1,531 million euros in April 2022.
II.1 Deposits from the general government
In May 2022, general government deposits decreased by 48 million euros, compared to an increase of 181 million euros in the previous month, and the annual rate of change decreased to 2.2% from 3.0% in the previous month.
II.2 Deposits from the private sector
In May 2022, private sector deposits increased by 1,311 million euros, compared to an increase of 1,350 million euros in the previous month, while the annual rate of change increased to 6.3% from 5.8% in the previous month.
II.2.1 Deposits from companies
In May 2022, corporate deposits increased by 1,647 million euros, compared to an increase of 359 million euros in the previous month, while the annual rate of change increased to 14.3% from 10.8% in the previous month. In particular, MXE deposits increased by € 1,488 million, compared to a decrease of € 273 million last month. Deposits from insurance companies and other financial institutions rose by 159m euros, up from 632m euros last month.
II.2.2 Deposits from households and private non-profit institutions
Deposits of households and private non-profit institutions decreased by 336 million euros in May 2022, compared to an increase of 991 million euros in the previous month, while the annual rate of change decreased to 4.0% from 4.3 % last month.
Source: Capital
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