Greek Private Sector Bank Deposits Rise by 771 Million in June

Greek banks’ deposits of households and non-profit institutions increased by 771 million euros in June, the Bank of Greece said on Thursday.

Business and household deposits rose to 120.42 billion euros from 119.42 billion in May, their lowest level since May 2003.

Reuters says that Greek banks have seen small deposit inflows over the space of more than a year after the country clinched a third bailout to stay in the eurozone.

While they remain dependent on central bank borrowing to plug their funding gaps, banks have reduced their exposure.