Greek bank deposits kept rising in September

27 October 2015
27 Views

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

Moneyweek: Why we need another Greek crisis
FINANCE
shares29 views
FINANCE
shares29 views

Moneyweek: Why we need another Greek crisis

Panos - May 29, 2017

Everyone knows the drill for Greek bailout talks by now. There is a lot of posturing on both sides. The…

President Pavlopoulos: Former PM Konstatninos Mitsotakis a great statesman
GREECE
shares28 views
GREECE
shares28 views

President Pavlopoulos: Former PM Konstatninos Mitsotakis a great statesman

Panos - May 29, 2017

The President of the Hellenic Republic, Prokopis Pavlopoulos released a statement on the death of former Greek PM Konstantinos Mitsotakis,…

Greek beauty wins international pageant
GREECE
shares38 views
GREECE
shares38 views

Greek beauty wins international pageant

Panos - May 29, 2017

Greek beauty Konstantina Pagani won the title of “Ms. Transcontinental International” in the pageant competition that took place in Atlanta,…

Leave a Comment

Your email address will not be published.