Led by lending to corporations, June credit growth of 4.5 pct is highest in a decade

EconomyMacroeconomy Tags: Banking, BoG, Loans
Photo via https://flic.kr/p/GG7K6F
Photo via https://flic.kr/p/GG7K6F

Credit movement in the Greek private sector picked up pace in June, rising by 4.5 percent year-on-year (YoY), from 3.3 percent in May, and 2.8 percent in April, 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 with the latest figure for June being the highest credit growth since before the great deleveraging in the Greek banking sector as a result...

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