Private sector deposits up 305 mln euros in August
Private sector deposits in Greek banks grew by 305 million euros in August, after a decline by 1.397 billion euros in July, totaling 121.138 billion euros, up from 120.833 billion in August, but sharply down compared with 237.8 billion euros in September 2009, Alpha Bank said on Friday.
In a weekly economic bulletin, Alpha Bank analysts said that the positive flow of deposits in August followed 10 successive monthly outflows worth 43.9 billion euros and noted that losses in January, February and June 2015 were among the highest recorded since the economic crisis began. The report attributed this positive development to an increase in deposits by enterprises (1.350 billion euros) despite a 1.045 billion euros capital outflow by households.
Private sector deposits fell by 39.1 billion euros in the period December 2014-August 2015, of which time deposits were down 41.6 billion, option deposits fell by 436 billion while saving deposits grew by 3.0 billion euros.
