ATHENS, March 28 Greek business and household
bank deposits rose in February after a slight drop in the
previous month, central bank data showed on Thursday.
Reduced uncertainty over the country's future in the euro
zone led to deposit inflows since June 2012 with December
registering the biggest monthly inflow in four years, helping to
ease Greek banks' liquidity strains.
Unlike Cyprus where private sector deposits fell by 2.2
percent in February, Bank of Greece data showed deposits rose
1.9 percent to 164.02 billion euros ($209.6 billion) at the end
of February from 160.97 billion at the end of January.
Greek banks lost about a third of their deposits after the
country's debt crisis erupted in late 2009, partly due to
capital flight on fears of a euro zone exit.
The shrinking deposit base added to strains on Greek
lenders, which lost access to international funding markets and
have come to depend on central bank funding for their liquidity.
Since hitting a bottom in June 2012, about 17 billion euros
have returned to the banking system.