Private sector bank deposits drop in January

Greek private sector bank deposits fell in January after a rise in December, central bank data showed on Thursday.

Businesses and household deposits dropped to 141.15 billion euros from 143.14 billion in December, Bank of Greece data showed.

Greek banks have seen deposit inflows over the space of more than two years.

Incentives for the merger of companies with bad loans

The new bankruptcy law that the government is working on will offer incentives for the merger of companies that have nonperforming corporate loans entering a restructuring process, according to sources. The aim is to have the bill voted into law by the end of April, in line with the country's pledges in the process of the post-bailout enhanced surveillance.