Credit growth slows to 5.3 pct in Oct amid first outflow since Jan

EconomyMacroeconomy Tags: BoG, Loans
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Credit movement in the Greek private sector slightly slowed in October, rising by 5.3 percent year-on-year (YoY), from 6 percent in September, and 5.8 percent in August, Bank of Greece (BoG) figures released on Monday showed.

The growth in credit expansion had remained broadly stable after reaching a peak of 3.7 pct in February last year. Despite October’s slowdown, the latest figures place credit growth at levels not seen since August 2009, when it increased by 6 pct, befor...

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