Bank deposits in Greece were slightly up in May 2016, following four consecutive months of losses, the Bank of Greece (BoG) announced on Monday.
Bank deposits in Greece were slightly up in May 2016, following four consecutive months of losses, the Bank of Greece (BoG) announced on Monday.
Specifically, deposits by businesses and households were up, on a monthly basis, by 287 million euros, a 0.2-percent uptick. The result leavio Greek banks’ ledgers to 121.7 billion euros.
Nevertheless, the total is still the lowest since July 2003.
Outflows of deposits between December 2014 and July 2015 reached a whopping 42 billion euros. Capital controls were imposed by the leftist Greek government on June 28, 2015 less than 48 after a snap referendum was called on the latest, at the time, proposal by creditors.