Credit contraction stable at 1.6 pct in Feb, net deductions drop to 101 mln

EconomyMacroeconomy Tags: Banking, BoG, Loans, NPLs

The rate of credit contraction in the Greek market remained stable at 1.6 percent in February, Bank of Greece (BoG) figures showed on Monday.

Credit contraction remains unabated since early 2011 with cumulative net deductions of 40.8 billion over this period dragging down the loan stock by 24.7 percent.

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