Credit contraction slows to 2.1 pct in March, loan deductions fall to 146 mln

EconomyMacroeconomy Tags: Banking, BoG, Loans

Greek bank credit contraction decelerated to 2.1 percent in March after a short-lived acceleration to 2.3 percent in February, Bank of Greece (BoG) figures showed on Wednesday.

The net lending flow stayed negative for the third successive month, but almost halved month on month to 146 million euros in March from 295 million in February. The negative flow in February fully reflects household lending deductions of 361 million, w...

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