Greek depositors have only recovered part of their losses during the crisis, as they are still far from the level of savings they had in 2009. On the other hand, thanks to economic growth, Greek businesses have recovered all of the losses from the crisis, at least in terms of liquidity.

This is according to Bank of Greece data on the course of deposits of Greek households and businesses from 2009 (when savings peaked, reaching €237.5 billion) until the end of 2025, a year when they reached €213.2 billion.

Households are still 21% short of the deposits they had in 2009, in contrast to businesses, which saw their liquidity in banks soar by more than 43%: Greek household deposits have risen significantly, reaching €154.8 billion by end-2025 from €110 billion in 2018, but are still below the €196.9 billion they had in bank deposits in 2009. Businesses have not only doubled their liquidity since 2018 – from €24.5 billion to €58.4 billion in 2025 – but have also increased the deposit balances they hold in banks by 43.4% from 2009.

Compared to the end of 2024, business deposits increased by €5.1 billion, while household deposits rose €4.5 billion, with a large part of the increase of some €2.5 billion also due to the payment of the Christmas bonus last December. 

On the corporate side, the increase in deposits by over €4 billion in December was also a result of the high disbursements recorded by banks at the end of each quarter. These are loans that have been contracted during the year and are disbursed in year-end in the context of both the closing of banks’ balance sheets and the achievement of targets for new loans.

In addition to the €4.5 billion increase in deposits from households, another €5.1 billion were placed in mutual funds by individuals in 2025, while total inflows over the last three years exceeded €13 billion. 

The shift observed in alternative investments also explains the decrease in household term deposits, from €37.2 billion at the end of 2024 to €34.1 billion at the end of 2025.