Greek private sector bank deposits drop in January

Greek private sector bank deposits dropped in January after a rise in the previous month, central bank data showed on Tuesday.

Business and household bank deposits decreased to 184.142 billion euros ($195.54 billion) at the end of January from 188.742 billion in December, Bank of Greece data showed.

Greek banks have seen deposit inflows increase since the beginning of last year. Lockdowns to stem the spread of the COVID-19 pandemic put a dent in consumer spending but the reopening of the economy led to a strong rebound.

(Reporting by Lefteris Papadimas; Editing by Renee Maltezou)