Credit contraction further accelerates to 2.2 pct in November

EconomyMacroeconomy Tags: Banking, BoG, Loans

Greek bank credit contraction further accelerated to 2.2 percent in November from an upward revised 2 percent in October, Bank of Greece (BoG) figures displayed on Wednesday.

The net lending flow stayed negative for the fifth successive month with deductions increasing to 458 million in November with the largest part stemming from the household sector (256 million).   

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