Credit expansion picks up pace in Jan with 10 pct YoY rise

EconomyMacroeconomy Tags: BoG, Loans
Photo via https://flic.kr/p/2mWYuuz
Photo via https://flic.kr/p/2mWYuuz

The credit expansion in the Greek private sector remained strong in January, rising by 10 percent year-on-year (YoY), from 8.9 percent in the previous month, Bank of Greece (BoG) figures released on Thursday showed.

The net lending flow was negative by 1.67 billion euros after a positive movement of 3.05 billion euros in December, with strong inflows over the last few months.

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