Loan rates exceed 5 pct in Dec, spread at highest in almost 20 years

EconomyMacroeconomy Tags: BoG, Rates

Interest rates on loans in Greece continued their upward trend that started in the summer, with the weighted average rate on loans climbing to over 5 percent, at 5.06 percent at the end of 2022, according to the latest data released by the Bank of Greece on Thursday.

The average of new loans to individuals was 5.57 percent in December, from 4.67 percent at the end of 2021. Loans to sole proprietors were 6.66 percent, from 4.63 percent in December 2021. Loans to corporations were 4.63 percent, up from 2.94 percent a ...

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