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Credit down by 3.2 pct in Oct for lowest contraction since Dec 2011
EconomyMacroeconomyThe rate of credit contraction in Greece decelerated to 3.2 percent in October from 3.5 percent..., consumer credit contraction resumed an upward trend to -2.6 percent in October. Balances fell by more... deductions reached 91 million in October from additions of 61 million in September. Credit
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Monthly credit flow turns positive in Feb for first time since June 2012
EconomyMacroeconomyGreek bank credit contraction slowed to 2.5 percent in February from 2.9 percent in January... from more than 300 million in January. Consumer credit balances fell below the 26-billion mark on net... unchanged for the third successive month at 2.8 percent. Despite the deceleration in credit contraction
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Credit standards for household, corporate loans unchanged in Q1
EconomyMacroeconomythat the credit standards for both corporate and household loans remained unchanged QoQ. BoG notes that the credit standards for household loans are expected to remain broadly unchanged in Q2. However, the credit standards for corporate loans are expected to somewhat tighten in Q2 reflecting the general
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Greek bank credit contracts by 2.5 pct in March
EconomyMacroeconomyGreek bank credit contracted by 2.5 percent in March - similar to the reduction in February... to mortgages, the rate of contraction in consumer credit decelerated to 2.5 percent in March from 2.8... on month at 81 million. The short-term outlook for Greek bank credit remains gloomy amid lack
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Credit contracts by slower rate of 2.1 pct in May
EconomyMacroeconomyGreek bank credit contraction further decelerated to 2.1 percent in May from 2.4 percent in April.... Balances landed at 69.13 billion with net deductions flat MoM at 219 million. Consumer credit contraction.... Greek bank credit shows a contraction persistently since January 2011 with net deductions of 35 billion
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Credit standards tougher in Q2, expected to tighten further
EconomyMacroeconomyCredit standards for corporate loans tightened quarter on quarter (QoQ), according to the Bank.... Credit standards are anticipated to further tighten in Q3, BoG noted. In contrast, credit standards... loans remained unchanged in Q2 and is anticipated to somewhat slip in Q3. For consumer credit
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Credit standards for corporate loans tightened again in Q3
EconomyMacroeconomyCredit standards for corporate loans tightened quarter on quarter (QoQ) for the second successive... quarter, BoG expects credit standards to remain stable QoQ. Similarly, in spite of initial expectations calling for a stable performance, credit standards for household lending also tightened QoQ in Q3
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Credit contraction accelerates to 2.3 pct in Feb, loan deductions of almost 400 mln
EconomyMacroeconomyGreek bank credit contraction accelerated for the second successive month in February to 2.3... million remaining above the 200-million-euro mark for the second straight month. Consumer credit balances... January. Greek bank credit remains in a steady contraction over the last five years with cumulative net
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Credit contraction slows to 2.1 pct in March, loan deductions fall to 146 mln
EconomyMacroeconomyGreek bank credit contraction decelerated to 2.1 percent in March after a short-lived acceleration... above the 200-million-euro mark in each of the first three months of the year. Consumer credit balances edged down to 25.35 billion euros. Deductions increased to 47 million in March. Greek bank credit
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Credit contraction slows to 1.6 pct in July, loan deductions jump to 638 mln
EconomyMacroeconomyCredit contraction in the Greek banking market decelerated to 1.6 percent in July from 2 percent... in consumer credit for the second straight month at 5.8 million in July from almost zero in June.... The sharpest decline of 28 percent has been recorded in consumer credit, while lower drop rates were
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