Credit contraction rises to 1.6 pct in Jan on extended deductions of 885 mln

EconomyMacroeconomy Tags: Banking, BoG, Loans, NPLs

The rate of credit contraction in the Greek market accelerated to 1.6 percent in January after remaining stable in the previous months, Bank of Greece (BoG) figures showed on Tuesday.

The January flow in loans to sole proprietors and farmers remained negative for the seventh successive month at 22 million, with the balance edging down to 13.11 billion.

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