Bank of Greece announced on Tuesday that the annual growth rate of total credit granted to the domestic private sector slightly decelerated further to -0.5% in April 2011, from -0.4% in March 2011 and 0.0% in December 2010.
The net flow of total credit to the domestic private sector was negative amounting to € -377 million (April 2010: € -146 million), according to an announcement.
The net flow of total credit to the domestic private sector was negative amounting to € -377 million (April 2010: € -146 million), according to an announcement.
Credit to enterprises
The net flow of credit to enterprises in April 2011 was positive, amounting to € 212 million (April 2010: € 27 million) and the annual growth rate of credit slightly increased to 1.2% compared to 1.1% in March 2011 (December 2010: 1.1%).
Credit to sole proprietors and unincorporated partnerships
The net flow of credit to sole proprietors and unincorporated partnerships was negative, amounting to € -191 million in April 2011, and the annual rate of change of credit decreased in comparison with the previous month (April 2011: -1.5%, March 2011: -0.4%, December 2010: 0.3%).
Credit to individuals and private non-profit institutions
In April 2011, the net flow of credit to individuals and private non-profit institutions was negative, amounting to € -399 million (April 2010: € -174 million). As a result, the annual growth rate of credit to individuals and private non-profit institutions decreased further (April 2011: -2.2%, March 2011: -2.0%, December 2010: -1.3%).
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