Nov sees 5 pct rise in loans, led by corporations and consumer credit

EconomyMacroeconomy Tags: BoG, Loans
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Credit movement in the Greek private sector slightly slowed in November, rising by 5 percent year-on-year (YoY), from 5.3 percent in October, and 6 percent in September, Bank of Greece (BoG) figures released on Thursday showed.

The growth in credit expansion had remained broadly stable after reaching a peak of 3.7 pct in February last year. Despite the recent slowdown, the latest figures place credit growth at levels not seen since the summer of 2009, before the debt crisis fo...

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