Greek bank de­posits drop 0.9pc in Jan­uary

The Pak Banker - - COMPANIES/BOSS -

Greek bank de­posits fell in Jan­uary af­ter a 2.05 per­cent in­crease in the pre­vi­ous month, data re­leased by the coun­try's cen­tral bank showed on Thurs­day. Busi­ness and house­hold de­posits de­creased by 1.15 bil­lion euros, or 0.93 per­cent month-on-month to 122.23 bil­lion euros ($134.7 bil­lion) , their low­est level since Novem­ber 2003. They had risen to 123.38 bil­lion euros in De­cem­ber. Greek banks have seen only a trickle of de­posit in­flows six months af­ter the coun­try clinched a third in­ter­na­tional bailout to stay in the euro zone and re­main hooked on cen­tral bank bor­row­ing to plug their fund­ing gap.

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