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Credit contraction marginally decelerated to 3.9 pct in August
EconomyMacroeconomyCredit contraction in the Greek market marginally decelerated to 3.9 percent year on year (yoy... million in August from 351 million in July. Consumer credit also slipped 4.8 percent yoy to 29.2..., the monthly net flow for consumer credit remained subdued with outflows at 48 million in August from
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No signs of credit revival in Sept., balances at 221 bln
EconomyMacroeconomyCredit contraction in the Greek market remained unchanged from the previous month at 3.9 percent... in September from 214 million in August. Consumer credit also slipped 4.8 percent to 29.0 billion... for negative credit expansion, on continued outflows in the household lending sector and persisting
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Credit contracts by 3.5 pct in June, balances at 214.81 bln
EconomyMacroeconomyCredit in the Greek market contracted by 3.5 percent in June, unchanged from the previous month... credit landed at 27.74 billion down 2.7 percent with marginal net deductions of just 3 million in June... in June from 84 million in May, still remaining at relatively low levels. Credit expansion, which turned
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Greek credit contracts by another 3.5 pct in Sept as balances ease to 212 bln
EconomyMacroeconomyThe rate of Greek credit contraction remained at 3.5 percent in September, unchanged from... net deductions remained almost flat MoM at 213 million. Consumer credit contraction decelerated... since June with net additions at 61 nillion. Credit expansion in the Greek market has been negative
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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 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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