At the highest level of the latter nearly 15 years the business deposits In June, the latest elements of the Bank of Greece show (BCT).
Following the 5 billion euro jump recorded compared to May, as the benefits of tourism and the continued growth of the economy led to the stimulation of available income, which was “channeled” into bank accounts. Business and household deposits have reached 204.5 billion euros, the BoG says, which is the highest level since January 2011 and shows both the savings margin now exists in Greece and the constant confidence of citizens in the domestic economy.
During the crisis, total deposits had fallen up to below 120 billion, especially after the naughty flight of funds that hit the country shortly before SYRIZA’s first election victory in 2015, and continued during the first two years of Tsipras’ rule.
The “lion’s share” of the Increasing of deposits in June belongs to private businesses, which increased their savings by more than 4.4 billion euros. There was a significant increase in their deposits by nearly 700 million.
The continuing increase in deposits came as, according to data released today by ELSTAT, gross disposable household income was up 0.7% in the first quarter of the year compared to the same period last year, before the new increase in the minimum wage was even implemented.