ΑΤΗΕΝS — Household deposits grew significantly by 3.431 billion euros in December after an increase of 1.285 billion euros in November, with the annual growth rate rising to 8.6 pct from 7.3 pct, respectively, the Bank of Greece said on Friday. The central bank, in a monthly report, said that private sector deposits (households and enterprises) grew by 4.445 billion euros in December, after a 3.156 billion increase in November, with the annual growth rate rising to 14.2 pct from 14.0 pct, respectively. Corporate deposits grew by 1.014 billion euros, for an annual growth rate of 39 pct (down from 45 pct in November), while general government deposits rose by 457 million euros after a decline of 432 million in November.

In December 2020, the annual growth rate of total credit extended to the domestic economy increased to 13.7 pct from 12.5 pct in the previous month, while the monthly net flow was positive by 2,683 million euros, compared with a positive net flow of 1,879 million in the previous month. The annual growth rate of total deposits decreased to 9.3 pct from 9.8 pct in the previous month; the monthly net flow was positive by 4,902 million euros, compared with a positive net flow of 2,724 million in November 2020.

In December 2020, the monthly net flow of credit to the general government was positive by 1,324 million euros, compared with a positive net flow of 1,649 million in the previous month; the annual growth rate increased to 65.5 pct from 63.2 pct in the previous month. In December 2020, the annual growth rate of credit to the private sector increased to 3.4 pct from 2.6 pct in the previous month. The monthly net flow of credit was positive by 1,359 million euros, compared with a positive net flow of 230 million in the previous month. In December 2020, the monthly net flow of credit to corporations was positive by 1,446 million euros, compared with a positive net flow of 367 million in the previous month; the annual growth rate increased to 9.1 pct from 7.6 pct in the previous month.

According to data from the four systemic credit institutions up to December 2020, the outstanding amount of loans subject to a temporary suspension of principal and/or interest repayments grew to 18,376 million euros. In particular, loan moratoria correspond to loans to NFCs (7,969 million euros), housing loans (7,520 million), consumer loans (1,652 million), loans to sole proprietors and unincorporated partnerships (1,231 million) and other loans to households (3 million).