Credit contracts by 3.5 pct in June, balances at 214.81 bln

EconomyMacroeconomy Tags: Banking, BoG, Loans

Credit in the Greek market contracted by 3.5 percent in June, unchanged from the previous month and with balances slightly increasing to 214.81 billion euros, according to the Bank of Greece (BoG).

Monthly net deductions dropped to 324 million euros in June, the lowest reading so far in 2014, from 963 million in May. The negative flow in June mainly reflects corporate and housing lending net deductions of 266 and 129 million respectively.

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