Read
- Taxes on some wealthy French top 100 pct of income: paper
- North Korea fires short-range missiles for two days in a row
|
- Israel warns against Russian arms supply to Syria
- Winning ticket for $590.5 million Powerball lottery sold in Florida
|
- Female hostage died from police bullet in New York standoff: official
Sponsored Links
Greek banking recovery continues with rise in deposits
* Deposits up 2 bln euros in Feb - central bank governor
* More than 16 bln euros back in system since June
ATHENS, March 4 (Reuters) - Greek bank deposits rose by 2 billion euros ($2.6 billion) in February, the country's central bank governor said on Monday, signalling growing confidence in the country's banking system on receding fears of a Greek euro exit.
Between 16 and 17 billion euros have returned to the banking system since June, Bank of Greece Governor George Provopoulos said in a meeting with President Karolos Papoulias.
"This is a satisfactory amount," Provopoulos said.
Household and company deposits have started increasing after the June 17 election stabilised the country's political situation and reduced uncertainty over its future as part of the euro zone. Official figures show that deposits stood at 161 billion euros at the end of January.
However, the inflows since June still represent only a fraction of the 90 billion euros that vanished from bank accounts during the country's debt crisis.
Bank deposits had fallen to as low as 146.6 billion euros on June 19, two days after the election, from 237 billion euros at the end of 2009, according to EU and Bank of Greece figures.
- Tweet this
- Link this
- Share this
- Digg this
- Reprints


Follow Reuters