Credit contraction decelerates to 1.9 pct in April, loan deductions drop to 117 mln

EconomyMacroeconomy Tags: Banking, BoG, Loans

Greek bank credit contraction slowed down for the second straight month to 1.9 percent in April from 2.1 percent in March, Bank of Greece (BoG) figures showed on Tuesday.

Net deductions eased to 117 million in April, from 146 million in March, reflecting corporate net additions of 118 million more than offset by household net deductions of 189 million. Since the beginning of the year, the net lending flow remains negativ...

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