Strengthening of deposits and their prospects

Private sector deposits increased by 8.9 billion euros in November 2025 compared to the corresponding month in 2024, creating the right conditions for the total annual increase to approach 10 billion euros, with even higher prospects in 2026.

November 2025 was the second best month for the previous year after September in terms of private sector deposits (businesses and individuals), recording a deposit balance of 206.9 billion euros while a historic high of 207.9 billion euros was recorded in September.

Despite the slight slowdown observed in November, especially in the last five years, this year deposits stood 8.9 billion euros higher than the corresponding period in 2024, where the balance of deposits was almost 198 billion euros, creating favorable conditions.

Forecasts

As analysts pointed out to “N”, the increase in deposits in 2025 -including deposits in December- could approach 10 billion with a slightly higher contribution from households. Thus, it is estimated that the balance will reach 210 billion euros in December 2025 and it may even exceed it in 2026.

Factors

Among the factors for the increase in private sector deposits, analysts pointed out to “N” that the following can be distinguished:

• increased income from work, but also from non-wage income (rent, dividends, interest, etc.), as these combined exceed 5 billion annually,
• returns and profitable liquidations from financial investments,
• the continued increase in corporate profits,
• the expansion of the use of IRIS and cash machine interconnections, which leads to the appearance of higher deposits from SMEs, and
• increased payments from the State (e.g., in November the 250 euro allowance and the rent refund were credited), while payments through the Public Investment Program and RRF are approximately 0.6 billion higher compared to the 11 months of 2024.