Greek deposit inflows of €0.55bn in May

According to the latest data released by Bank of Greece, deposits (domestic enterprises & households) rose by 0.5% m-o-m and contracted by 0.8% y-o-y in May (Apr: -0.6% y-o-y) reaching €162.1bn, which corresponds to 73.0% of GDP from 89.3% at YE ‘13. 

Net flow remained positive, with inflows increasing to €0.55bn in May from €0.31bn in April reflecting mainly time inflows of €0.75bn vs deductions of €0.35bn a month ago that more than offset the sight outflows of 0.08bn vs inflows of €0.64bn in April.

Savings deductions increased to €0.05bn (Apr: €0.04bn).