Based on European Central Bank data, Greek bank deposits can only be compared to the countries belonging to the former communist block as the Greek per capita deposits in domestic lenders only reach 17,95 euros.
This disappointing figure brings Greece just above Slovenia, Czech Republic, Estonia, Lithuania, Latvia, Bulgaria and Romania. Needless to say that Greece is miles behind the older European member states. To make things worse, the European Banking Federation, data indicates that the per capita loans of Greeks exceed the per capita deposits. For 2010 alone, every Greek citizen owed banks an average of 22, 842 euros, while the average deposit was at 18, 504 euros! The situation in Greece is expected to get even gloomier, as experts predict that the shrinking of Greek’s disposable income will be even worse for 2011.
(kathimerini, capital.gr)
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