Credit contraction accelerates to 2.3 pct in Feb, loan deductions of almost 400 mln

EconomyMacroeconomy Tags: Banking, BoG, Loans

Greek bank credit contraction accelerated for the second successive month in February to 2.3 percent from 2.1 percent in January, Bank of Greece (BoG) figures showed on Tuesday.

Housing loans fell to 66.84 billion euros on net deductions of 203 million remaining above the 200-million-euro mark for the second straight month.

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