Greek credit falls by 2.9 pct in Jan as lending balances reach 214 bln

EconomyMacroeconomy Tags: Banking, BoG, Loans

Greek bank credit contracted by 2.9 percent year on year (YoY) in January, which is slightly slower than the 3.1 percent recorded in December, according to the Bank of Greece (BoG).

The January rate was the first time the contraction fell below the 3-percent mark since November 2011.

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