The monthly Monetary Financial Institutions (MFIs) Loans and Deposits Statistics showed that total deposits in December 2014 rose €138.1 million, compared to a net increase of €86.6 million in November 2014, for a total of €46.1 billion.

The year-on-year growth rate stood at -4.0% as compared with -4.4% y-o-y in November 2014.

Residents deposits, according to CBC data, rose in December by €107.1 million to €32.3 billion. Deposits of third countries residents also increased by €4.1 million to €11.8 billion.

Deposits of residents of other EU member states increased by €26.9 million to €1.95 billion.

Household deposits rose by €329.6 million to €22.3 billion, while corporate deposits fell by €144.8 million to €5.43 billion.

Total loans in December 2014 saw a net increase of €505.3 million, compared to a net increase of €7.7 million in November. The year-on-year growth rate stood at -1.4% as compared with -2.4% y-o-y in November 2014.

Residents’ loans grew in December by €766.5 million, totalling €49.6 billion, while loans to residents of EU member states dropped by €390.9 million to €3.1 billion. Loans to third country residents increased by €129.7 million to €8.8 billion.

The outstanding amount of loans reached €61.6 billion in December 2014, the Central Bank statistics said, with the amount of non-performing loans (NPLs) stubbornly at 51% of the system’s loanbook in November.

Recent data suggested that so far only €3.1 billion of NPLs had been restructured.

Source: Financial Mirror