Bank credit to private sector remained negative in March‏

17:10 29/4/2014 - Πηγή: E-Typos

Bank credit to the private sector remained negative in March, for an annual rate at -4.1 pct, or a negative credit flow of 718 million euros, the Bank of Greece said on Tuesday.

The central

bank, in a report, said that net funding of enterprises was a negative 405 million euros in March for annual decline rate of -5.3 pct, from -5.2 pct in February.

The annual rate of funding of non-financial enterprises was -5.1 pct in March, unchanged from February. The annual rate of credit to insurance enterprises and other financial institutions was -8.5 pct in March from -7.1 pct in February.

Credit to households (mortgage and consumer loans) fell by 3.4 pct, for a total household debt of 100.3 billion euros. The outstanding value of mortgage loans was 70.9 billion euros at the end of March, from 71.1 billion in February, while the outstanding value of consumer loans and credit cards fell to 27.9 billion euros, from 28.2 billion euros in January.