Greek bank deposits flat in September

Greek business and household bank deposits were flat in September after a slight rebound in the previous month, central bank data showed on Friday.

The Bank of Greece data showed deposits at 212.8 billion euros ($300.9 billion) from 213 billion euros at end-August. Since the start of the year, deposits in this category are down by 25.2 billion euros or 10.6 percent.

Shrinking deposits have added to the strains of Greek banks, which have become reliant on ECB funding for their liqidity needs as access to wholesale funding remains shut.