Greek credit contracts again in April but at slightly lower rate of 3.7 pct

EconomyMacroeconomy Tags: Banking, BoG, Loans

The year on year (YoY) credit contraction in the Greek market decelerated to 3.7 percent in April from 4.1 percent in March, with balances easing to 215.14 billion euros, according to the Bank of Greece (BoG).

Monthly net deductions slightly slipped to 674 million in April from 729 million in March. Two thirds of this month’s negative flow is attributed to corporates (487 million) and the remaining to household lending (182 million).

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