The annual growth rate of total credit granted to the domestic private sector slightly decelerated further to -0.5 percent in April 2011, from -0.4 percent in March 2011 and 0.0 percent in December 2010, the Bank of Greece said on Tuesday. The central bank, in a report, said that net flow of total credit to the domestic private sector was negative amounting to -377 million euros (April 2010: -146 million euros).
Net flow of credit to enterprises in April 2011 was positive, amounting to 212 million euros (27 million euros in April 2010) and the annual growth rate of credit slightly increased to 1.2 percent compared to 1.1 percent in March 2011 (December 2010: 1.1 percent).
The net flow of credit to sole proprietors and unincorporated partnerships was negative, amounting to -191 million euros in April 2011, and the annual rate of change of credit decreased in comparison with the previous month (April 2011: -1.5 percent, March 2011: -0.4 percent, December 2010: 0.3 percent).
In April 2011, the net flow of credit to individuals and private non-profit institutions was negative, amounting to -399 million euros (-147 million euros in April 2010).
As a result, the annual growth rate of credit to individuals and private non-profit institutions decreased further (April 2011: -2.2 percent, March 2011: -2.0 percent, December 2010: -1.3 percent).