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Bank of Greece deposits up 2.0 bln euros in February

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Bank of Greece deposits up 2.0 bln euros in February

Greek banks recorded a 2.0 billion euros inflow in deposits in February, for a total deposits return of 16.17 billion euros since June 2012, George Provopoulos, Bank of Greece’s governor said on Monday during a visit to President of the Republic Karolos Papoulias.

The central banker sounded cautiously optimistic saying there existed some positive messages, although he added that the situation remained difficult as the country still had to cover another 30 pct of a marathon road. Provopoulos expressed his confidence that efforts would be continued until the end of the programe to safeguard the sacrifices made by the Greek people.

Deposits by Greek enterprises and households totaled 160.97 billion euros at the end of January. Provopoulos said that Greek financial institutions were currently moving on positive trend and added that Greek banks were expected to return to markets in the next few months in their effort to boost the capital base, while he noted that the Greek banking market needed three large and a few smaller banks.

Commenting on the country’s economy, the central banker said the current account deficit fell to 2.9 pct of GDP last year from 15 pct in 2008.

Last Updated Tuesday, 05 March 2013
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