Credit contracts by 4.1 pct in March, loans down by 3.4 pct

EconomyMacroeconomy Tags: Banking, BoG, Loans
Photo by MacroPolis
Photo by MacroPolis

The year on year (YoY) credit contraction in the Greek market slightly accelerated to 4.1 percent in March from 4 percent in the preceding two months, with balances reaching 215.88 billion euros, according to the BoG.

Loan balances slipped 0.4 percent MoM for the twelfth successive month with net deductions broadly stable at 718 million in March from 773 million in February. This month’s negative net flow reflects corporate and household lending net deductions of 405...

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