Lending to corporations in Sep thrusts credit expansion to highest rise since 2009

EconomyMacroeconomy Tags: BoG, Loans

Credit movement in the Greek private sector gathered more pace in September, rising by 6 percent year-on-year (YoY), from 5.8 percent in August, and 5.5 percent year-on-year in July, 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 figure for September is the highest credit growth since August 2009, when it increased by 6 pct, before the debt crisis forced ...

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