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Friday, May 22, 2015

Every Greek has an Average of 3 Bank Accounts, Almost €29 Bln Fled in 5 Months

Greeks have a total of 34,715,719 bank accounts, which means that every Greek possesses an average of three bank accounts. Also, Greeks have withdrawn 28.81 billion euros in the November 2014-March 2015 period, according to a Capital.gr report. According to the report, 26,158,285 are savings accounts, 7,100,264 are checking accounts, 1,457,158 time deposit accounts and 12 repos accounts. There was a total of 3.388 billion euros withdrawn in March, while it is estimated that April figures will show a 5 to 6-billion-euro outflow. March was a relatively quiet month. However, due to the political turmoil in Greece, total cash outflow from banks was 12.917 billion euros in January, while 7.88 billion euros were withdrawn in February. The upward trend in April is due to the stalling in negotiations and the climate of uncertainty in the market. Regarding account totals, Greeks had a total of 177.845 billion euros in the bank at the end of November 2014. The total at the end of March 2015 was 149.035 billion euros (28.81 billion outflow). During the same period, deposits were down by 25.741 billion euros (from 164.296 to 138.555).


READ THE ORIGINAL POST AT greece.greekreporter.com