Credit growth slows to 3.1 pct in May, as flow to corporations contracts

EconomyMacroeconomy Tags: BoG, Loans
Photo via https://flic.kr/p/5Yb76K
Photo via https://flic.kr/p/5Yb76K

The pace of credit movement in the Greek private sector continued to slow in May, rising by 3.1 percent year-on-year (YoY), from 3.9 percent in April, Bank of Greece (BoG) figures released on Wednesday showed.

Last December’s growth was the highest since the summer of 2009 with 6.3 percent, however the trend had been declining since and May was half the previous high.

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