Credit growth accelerates to 3.2 pct in May, led by loans to businesses

EconomyMacroeconomy Tags: BoG, Loans
Photo via https://flic.kr/p/2b9vcaC
Photo via https://flic.kr/p/2b9vcaC

Credit movement in the Greek private sector was steady at 3.2 percent year-on-year (YoY) in May, from 2.8 percent in April, and 1.6 percent in March, Bank of Greece (BoG) figures released on Wednesday showed.

The growth in credit expansion had remained broadly stable after reaching a peak of 3.7 pct in February last year. The latest growth figure is the highest since March last year when growth stood at 2.9 percent.

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