Credit growth slows in Feb, loans balance stable at 113.35 bln

EconomyMacroeconomy Tags: BoG, Loans
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Credit movement in the Greek private sector decelerated further in February, still recording a rise of 4.8 percent year-on-year (YoY), from 5.7 percent in January, Bank of Greece (BoG) figures released on Monday showed.

After a previous peak of 3.7 percent growth in February 2021, credit expansion slowed down in the following months before resuming an upwards trend at the end of 2021. Last December’s growth was the highest since the summer of 2009.

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