Credit contraction stays stable at 2 pct in June, net additions for first time this year

EconomyMacroeconomy Tags: Banking, BoG, Loans

Greek bank credit contraction remained stable at 2 percent in June, Bank of Greece (BoG) figures showed on Wednesday.

The lending flow turned positive for the first time in 2016 with net additions of 479 million euros in June from deductions of 357 million in May. June additions almost fully reflect a positive flow of 566 million in the corporate lending sector, while ...

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