Contraction in Greek credit eases slightly to 3 percent in November

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

The rate of drop in Greek bank credit decelerated for the second straight month in November, falling to 3 percent from 3.2 percent in October, according to the Bank of Greece (BoG).

Last month’s figures were the lowest negative reading since November 2011.

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