Bank credit contracts by 1.7 pct in September on loan deductions of 355 million

EconomyMacroeconomy Tags: Banking, BoG, Loans

The rate of credit contraction in the Greek market remained stable at 1.7 percent in September, Bank of Greece (BoG) figures showed on Thursday.

The loan balance further dropped to 198.42 billion at the end of September, which is the lowest reading since June 2007.

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