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  1. Credit contraction edges up to 2.1 pct in Jan on deductions of 512 million

    EconomyMacroeconomy

    Greek bank credit contraction slightly accelerated to 2.1 percent in January from 2 percent... highest negative reading over the last 12 months. Consumer credit balances fell to 25.46 billion euros.... The contraction in Greek bank credit remains unabated since January 2011 with cumulative net deductions of around

    28%
  2. Credit contraction decelerates to 1.9 pct in April, loan deductions drop to 117 mln

    EconomyMacroeconomy

    Greek bank credit contraction slowed down for the second straight month to 1.9 percent in April..., the year to date negative flow reached almost 850 million. Consumer credit balances were kept almost... the beginning of the year. Since 2011, Greek bank credit remains steadily in negative territory

    28%
  3. Credit contraction accelerates to 2 pct in May on increased loan deductions of 357 mln

    EconomyMacroeconomy

    Greek bank credit contraction edged up to 2 percent in May, after slowing to 1.9 percent in April... in May and overall of 1.08 billion in the 5-month period. Consumer credit balances edged down to 25.31... million. Since the beginning of 2011, when Greek bank credit turned negative, cumulative net

    28%
  4. Credit contraction stays stable at 2 pct in June, net additions for first time this year

    EconomyMacroeconomy

    Greek bank credit contraction remained stable at 2 percent in June, Bank of Greece (BoG) figures... net lending flow. Since the beginning of the year, the consumer credit sector has posted deductions of 152 million. Greek bank credit remains steadily in negative territory since the beginning of 2011

    28%
  5. Credit contracts by 1.7 pct in August, loans balance at its lowest since 2007
    Photo by MacroPolis

    EconomyMacroeconomy

    Credit contraction in the Greek market slightly accelerated to 1.7 percent in August from 1.6... billion. Overall, deductions reached 1.63 billion year to date. The consumer credit sector recorded..., this segment has posted cumulative deductions of 188 million. Credit contraction in the Greek banking

    28%
  6. Bank credit contracts by 1.7 pct in September on loan deductions of 355 million

    EconomyMacroeconomy

    The rate of credit contraction in the Greek market remained stable at 1.7 percent in September... at 65.38 billion. Deductions in consumer credit climbed to 121 million in September, which is by far the highest negative reading this year, with balances further easing to 25.04 billion. The credit flow

    28%
  7. Bank credit contracts by 1.6 pct in Oct on loan deductions of 308 mln
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    The rate of credit contraction in the Greek market slowed slightly to 1.6 percent in October from... to date. Deductions in the consumer credit sector notably dropped to just 7 million in October... mark and landed at 24.95 billion euros at the end of October. Credit contraction in the Greek market

    28%
  8. Credit contraction accelerates to 1.5 pct in Dec, net lending flow remains subdued
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    The rate of credit contraction in the Greek market accelerated to 1.5 percent in December after... to the reclassification mentioned earlier. The lending flow in the consumer credit sector remained negative... credit contraction in the Greek market for six years in a row, with cumulative net deductions

    28%
  9. Credit contraction slows to 1.3 pct in March on net additions of 307 mln
    Photo by Giannis Papanikos/Fosphotos

    EconomyMacroeconomy

    The rate of credit contraction in the Greek market slowed to 1.3 percent in March from 1.6 percent... and stemmed from both mortgages and consumer credit. As a result, balance further dropped to 86.52 billion... of 2011, Greece remains persistently in credit contraction, with the loan balance down by more than one

    28%
  10. Credit contraction decelerates to 0.9 pct in April, net additions climb to 659 mln
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    The pace of credit contraction in the Greek market further slowed to 0.9 percent in April from 1.3.... The balance declined to 60.64 billion. Consumer credit also recorded marginal net deductions of 11 million euros, with the balance edging down to 24.27 billion. Since the beginning of 2011, credit contraction

    28%