Corporate lending leads credit to 5.5 pct growth in Jul, highest since Sep 2009

EconomyMacroeconomy Tags: BoG, Loans
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Credit movement in the Greek private sector gathered more pace in July, rising by 5.5 percent year-on-year (YoY) from a 4.5 percent rise in June, and 3.3 percent in May, Bank of Greece (BoG) figures released on Friday 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 July being the highest credit growth since before the great deleveraging in the Greek banking sector as a result...

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