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.
You may be interested
Govt eyes another bond market foray after expected upgrade by Moody’s in MarchPanos - Feb 21, 2018
Moody’s is expected to close out the most recent cycle of Greece's credit rating upgrades, as the former - by…
Registered jobless up by 23,422 in JanuaryPanos - Feb 21, 2018
The registered jobless rate is up by 2.66% for the month of January 2018 compared to December 2017, according to…
Erdogan supports FYROM claims on name dispute with Greece in meeting with FYROM counterpart in AnkaraPanos - Feb 21, 2018
FYROM President Gjorge Ivanov expressed his gratitude to Turkish President Recep Tayyip Erdogan on Turkey’s support regarding the name dispute…