The Bank of Greece recorded an increase in deposits held by households and private non-profit institutions in July 2026, even as business deposits and overall bank financing to the private sector declined. Household deposits rose by €240 million, compared to an increase of €992 million in June, bringing the total balance to €156.385 billion. At the same time, their annual rate of change slowed to 3.9%, down from 4.3% the previous month.
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Bank of Greece: Business deposits record a sharp decline
On the other hand, business deposits fell by €2.254 billion in July, reversing the €7.581 billion increase recorded the previous month. Their annual rate of change edged up slightly to 23.1%, from 23% in June. More specifically, deposits held by non-financial corporations dropped by €2.443 billion, compared to an increase of €7.818 billion the month before. In contrast, deposits from insurance companies and other financial institutions increased by €190 million, after having declined by €237 million in the prior month.
As a result of these shifts, total private sector deposits fell by €2.013 billion, compared to an increase of €8.573 billion in June, while their annual rate of change slipped to 8.9% from 9.3%. General government deposits also declined by €175 million, following a €181 million increase the previous month. Their annual rate of change, however, strengthened significantly to 10.7%, up from -1.7%.
Bank of Greece: Private sector financing turns negative
On the financing front, the net monthly flow to individuals and private non-profit institutions was positive at €41 million, down from €257 million in June. The annual rate of change stood at 2.5%, compared to 2.6% previously. For businesses, however, the net monthly flow turned negative, reaching -€2.52 billion, reversing a positive flow of €2.983 billion recorded the previous month. The annual rate of change in business financing narrowed to 8.9%, from 10.2%.
For non-financial corporations specifically, the net flow was negative by €1.795 billion, while the annual rate of change fell to 9.1% from 9.8%. For insurance companies and other financial institutions, the negative net flow reached €757 million, with the annual rate of change dropping sharply to 7.1% from 13.2%.
Overall, bank financing to the private sector posted a negative net flow of €2.593 billion, compared to a positive flow of €3.287 billion in June, while the annual rate of change declined to 6.8% from 7.7%. Financing to the general government also recorded a negative net flow of €1.367 billion, with the corresponding annual rate falling to -2.0% from 0.4%.
