The head of the association of German Savings Banks, Helmut Sleweis, expects the quadrupling of those who cannot save this year in autumn and winter. Helmut Schleweis chairman Helmut Schleweis told Welt am Sonntag: “We expect that, due to the significant price increase, up to 60% of German households will have to use their entire […]
Tag: deposits
Booming cash deposits in ATMs – The reasons
By Leonidas Stergiou Although most ATM transactions are withdrawals, the highest value per transaction is in cash deposits at the machines. In fact, the average cash deposit at ATMs is more than double the average withdrawal, while from 2017 until today. The total value of cash deposits through ATMs has increased fivefold, while the corresponding […]
Staikouras: The increase in household and business deposits shows that our economic policy is paying off
“In a European and international environment of successive exogenous crises, with consequences for the economy, the figures of the competent institutions show the resilience of the Greek economy, which is also a result of the economic policy being pursued,” said Finance Minister Chr. Staikouras, for the increase in household and business deposits and the consistent […]
Why deposits are increasing despite accuracy
Of Leonida Stergiou Increased tourism receipts were the main contributor to June’s new increase in deposits for businesses and households. Also, a number of other technical factors, such as extensions of tax returns, loan disbursements, strengthened the recording of net inflows into the system. Something that can have a positive effect in July as well, […]
BoG: Private sector deposits increased by 1.3 billion euros in May
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 […]
Deposits over 50,000 euros are increasing
By Leonidas Stergiou The data published by the Deposit and Investment Guarantee Fund (TEKE) for 2021 show a continuous decline in savings in smaller deposits and a corresponding upward trend in the larger scales since mid-2012, when the relevant statistics began to be published. At that time, the main reason was to ascertain the number […]
Which foreigners have large deposits in Greece
By Leonidas Stergiou The highest deposits from foreigners come from overseas financial centers, according to data from the Bank of Greece. In the first quarter, of customer deposits of 13.9 billion euros, 2.3 billion concerned offshore accounts, which mainly concern foreign shipping companies. The European Investment Bank (1.6 billion euros) is in the next place […]
Why household deposits jumped in the four months – How May moves
By Leonidas Stergiou The jump in private sector deposits (businesses and households) by 1.35 billion euros in April is mainly due to three groups of factors: First, purely technical reasons related to movements of insurance companies in March and April, with disbursements of loans mainly to small businesses, with the Easter gift and with the […]
BoG: Private sector deposits increased by € 1.35 billion in April
The annual rate of change of the total financing of the domestic economy was 7.6% in April 2022 from 9.2% in the previous month, as announced today by the Bank of Greece. At the same time, the annual rate of change of total deposits amounted to 5.7%, from 6.8% in the previous month. At the […]
BoG study: Which deposits per step increased during the pandemic and how much
By Leonidas Stergiou They say that money goes to money. Perhaps, this phrase is commonplace or misleading, at least, for the Greek deposits that increased by about 40 billion euros from the beginning of the pandemic in 2020 until the end of 2022. It makes sense, because higher incomes have more savings. Misleading because there […]