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Business loans drive 7.7% YoY credit growth in June
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Corporate inflows in June push deposits to highest point since April 2010
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VAT and underspend drive budget outperformance in first six months
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Tourism shows resilience despite geopolitical uncertainty as May arrivals and revenues rise
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Record travel receipts and narrower trade deficit reflected in current account up to May
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Energy and domestic market drive industrial turnover growth of 14.1% YoY in May
Credit standards tougher in Q2, expected to tighten further
Credit standards for corporate loans tightened quarter on quarter (QoQ), according to the Bank of Greece (BoG) bank lending survey (BLS) for the second quarter (Q2) of 2015.
The BoG said the tightening is attributed to Greek bank liquidity conditions and difficulties in tapping money markets. Credit standards are anticipated to further tighten in Q3, BoG noted.
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