Bank Deposits Increase to €127 Billion in 2016


In December and November banks are expected to see some 2 billion euros in deposits, according to credit sector officials. This news comes in addition to the increase of deposits in banks for 2016 thus far amounting in 500 million euros.

The reversal of deposit trends in Greece started in May of 2016 as the tourism season kicked off and the economy stabilized some after the first bailout review was completed.

According to reports, banks in Greece are expecting to close this year with deposits from households and corporations with over 127 billion euros compared to 123.4 billion at the end of 2015.