No signs of credit revival in Sept., balances at 221 bln

EconomyMacroeconomy Tags: Banking, BoG, Loans

Credit contraction in the Greek market remained unchanged from the previous month at 3.9 percent year on year (yoy) in September with balances reaching 221.0 billion euros, according to the Bank of Greece.

Loan balances eased 0.4 percent month on month (mom) for the sixth consecutive month on decreased net deductions at 568 million in September from 823 million in August. September’s negative flow reflects corporate and household lending net deductions at...

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