Credit expansion slows in Jan with 2.73 bln outflow

EconomyMacroeconomy Tags: BoG, Loans
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The credit expansion in the Greek private sector slightly slowed in January, rising by 3 percent year-on-year (YoY), up from 3.6 percent in December, Bank of Greece (BoG) figures released on Tuesday showed.

At 6.3 percent, last December’s growth was the highest since the summer of 2009. However, the trend had been moderating, although it did accelerate over the second half of last year.

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