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Greek banks saw a further €5.6 billion reduction in deposits, as panicked savers fear default or capital controls. (Photo: Queenofhearts820)

Greek bank deposits hit decade low

Deposits held by Greek banks have fallen to their lowest level in a decade, according to statistics released on Friday by the European Central Bank.

Total deposits from households and businesses in April stood at €139.4 billion, a €5.6 billion decline - equivalent to 3.9 percent - from March, the ECB reported. Deposits fell by €27 billion over the first four months of 2015, a rate of around €1.5 billion each week.

Capital flight from Greek banks has been going on steadily since Gr...

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Greek banks saw a further €5.6 billion reduction in deposits, as panicked savers fear default or capital controls. (Photo: Queenofhearts820)

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