Central bank points out signs of recovery in business lending

Economy Tags: BoG, Loans
Photo by Panayiotis Tzamaros/Fosphotos
Photo by Panayiotis Tzamaros/Fosphotos

The signs of recovery in the provision of credit to businesses in the Greek economy were presented in Bank of Greece’s (BoG) annual report on Monday.

The stock of loans in the Greek banking system that was extended to businesses and households was reduced further in 2018 as deleveraging continues. The balance dropped by 1.4 percent compared to a reduction of 1.2 percent in 2017. The rate of reduction...

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