The annual growth rate of total credit extended to the domestic private sector was less negative at -4.6% in November 2012, from -4.8% in October 2012. The net flow of total credit to the domestic private sector was negative, amounting to EUR 722 million (November 2011: negative net flow of EUR 1,267 million).

Credit to enterprises

The net flow of credit to enterprises, in November 2012, was negative, amounting to EUR 343 million (November 2011: negative net flow of EUR 614 million), and the annual growth rate of credit was less negative at -5.4%, from -5.6% in the previous month. In particular, the annual growth rate of credit to non-financial corporations was less negative at -4.1% from -4.4% in the previous month, while the annual growth rate of credit to insurance corporations and other financial intermediaries was more negative at -24.2% in November 2012, from -23.5% in October 2012.

Credit to sole proprietors and unincorporated partnerships

The net flow of credit to sole proprietors and unincorporated partnerships was negative, amounting to EUR 12 million (November 2011: negative net flow of EUR 147 million), and the annual rate of change of credit was less negative than in the previous month (November 2012: -2.8%, October 2012: -3.6%).

Credit to individuals and private non-profit institutions

In November 2012, the net flow of credit to individuals and private non-profit institutions was negative, amounting to EUR 368 million (November 2011: negative net flow of EUR 506 million), and the annual growth rate of credit to individuals and private non-profit institutions stood at -3.9% from -4.1% in October 2012.

Related link: Bank credit to the domestic private sector: November 2012 - Table



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