Greek bank deposits held by businesses and households dropped to 164.9 billion euros ($220 billion) in February from 169 billion euros the previous month, Imerisia reported, without citing anyone.

Depositors drew on savings to cover living costs and higher taxes, and businesses drew on deposits to cover operating costs, the newspaper said.

To contact the reporter on this story: Natalie Weeks in Athens at nweeks2@bloomberg.net

To contact the editor responsible for this story: Jerrold Colten at jcolten@bloomberg.net