Credit growth accelerates to 3.6 pct in Dec, led by loans to corporations

EconomyMacroeconomy Tags: BoG, Loans
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The credit expansion in the Greek private sector slightly picked up pace in December, rising by 3.6 percent year-on-year (YoY), up from 2.8 percent in November, Bank of Greece (BoG) figures released on Friday showed.

At 6.3 percent, last December’s growth was the highest since the summer of 2009, however, the trend had been moderating, though accelerating over the second half of the year, and the 0.9 percent of August 2023.

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