Bank of Greece

Greek private sector bank deposits rose in December by about 3 billion euros, central bank data showed on Monday, reversing a fall in the two previous months.

Private sector bank deposits had risen for eight straight months before a dip in October and November.

The majority of enterprises in Greece are not interested in seeking new financing from banks, as they are concerned by the high interest rates and the pressure on their profits, according to a report by the Professional Chamber of Athens.

Greek private sector bank deposits dropped slightly in November for the second consecutive month, decreasing by 90 million euros ($102 million) central bank data showed on Thursday.

Private sector bank deposits had risen for eight straight months before a dip in October.

Emergency central bank funding to Greek banks dropped in November compared to the previous month, Bank of Greece data showed on Wednesday.

Emergency funding, which is more costly than borrowing from the European Central Bank, dropped to 2.7 billion euros ($3.06 billion) from 3.58 billion euros at the end of October, the data showed.

The Greek economy has yet to stage a full recovery from its recent crisis, Bank of Greece Governor Yannis Stournaras told a conference organized in Berlin by The Economist and the German-Greek Chamber of Industry and Commerce on Monday.

Greek private sector bank deposits dropped slightly in October, pausing an eight-month rise as they decreased by 230 million euros ($259.53 million) central bank data showed on Wednesday.

Businesses and household deposits declined to 131.48 billion euros from 131.71 billion in September, Bank of Greece data showed.

Total credit in Greece's banking system contracted 1.8 percent year-on-year in September after a 2.3 percent decline in the previous month, Bank of Greece data showed on Tuesday.

Credit extended to the government fell 5.6 percent after decreasing by 7.1 percent in August, the central bank said.

Emergency central bank funding to Greek banks remained unchanged in October compared to the previous month, Bank of Greece data showed on Monday.

Emergency funding, which is more costly than borrowing from the European Central Bank, remained unchanged to 3.57 billion euros from 3.58 in the end of September, the data showed.

A recovery in Greece's residential property market gained momentum in the third quarter of 2018, central bank data showed on Monday, suggesting an improving economy and growing foreign interest may help property prices rise further.

Greek lenders are well capitalized and maintain buffers that could absorb additional credit losses, Bank of Greece governor Yannis Stournaras said on Friday at a conference organized by the central bank to mark its 90th anniversary.