Private sector deposits in Greece jumped by €5.313 billion in May, marking a decisive reversal from the €66 million decline recorded in the previous month.
The data, released by the Bank of Greece, indicates a significant stabilization in the country's banking sector after months of volatility.
This turnaround is particularly notable given the broader regional context, where Cyprus also saw deposit growth to €58 billion in May, driven by stronger lending activity.
The surge suggests that households and businesses are increasingly comfortable parking funds in domestic banks, a key indicator of financial stability in the Eurozone periphery.
This turnaround is particularly notable given the broader regional context, where Cyprus also saw deposit growth to €58 billion in May, driven by stronger lending activity.
For investors, the deposit inflow reduces immediate liquidity pressures for Greek lenders and supports net interest margins.
It also reflects a cooling of the capital flight fears that have periodically weighed on Greek sovereign and banking stocks.