Greek credit contracts by 4 pct in Jan, NPLs rise to 31.2 pct in Sept

EconomyMacroeconomy Tags: Banking, BoG, NPLs

The year on year (yoy) credit contraction in the Greek market marginally accelerated for the second straight month to 4 percent in January from 3.9 percent in December, with balances reaching 217.61 billion euros, according to the Bank of Greece (BoG).

Loan balances eased 0.1 percent mom for the tenth consecutive month on increasing net deductions of 576 million, from 173 million in December. January’s negative flow mainly reflects household and corporate lending net deductions of 306 and 268 million ...

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