Greek bank deposits rise in Nov but credit shrinks

Greek bank deposits rose slightly in November after a five-month decline but private sector credit kept shrinking, central bank data showed on Friday, as deep recession saps demand for loans. Hit by austerity and record unemployment, Greek households have been tapping savings to cope with economic hardship as banks struggle with growing amounts of non-performing loans. The Bank of Greece expects ...

READ THE ORIGINAL POST AT finance.yahoo.com