Bank credit eases 1.6 pct in August on slightly accelerating negative flow

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

Following a deceleration in the preceding four months, Greek bank credit contraction resumed a slightly accelerating trend at 1.6 percent in August from 1.5 percent in July, Bank of Greece (BoG) figures showed on Friday.

Loans to sole proprietors fell by 0.6 percent in August to 13.5 billion euros with the lending flow remaining negative for the second straight month at around 20 million. Since the beginning of the year, net deductions in this segment reached 77 million...

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