Reuters: Greek credit contracts 1.6 pct y/y in May – central bank

10 July 2017
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ATHENS, July 10 Total credit in Greece’s banking system contracted 1.6 percent year-on-year in May after a 1.6 percent decline in the previous month, Bank of Greece data showed on Monday.

Credit extended to the government fell 5 percent after decreasing by 5.4 percent in April, the central bank said.
Lending to businesses and households declined 1 percent after a 0.9 percent drop in April.

****************************************************************
KEY FIGURES MAY APRIL MARCH FEB JAN DEC

(in pct y/y)
Total credit -1.6 -1.6 -1.7 -1.9 -1.4 -1.0
Credit to public sector -5.0 -5.4 -3.9 -3.7 0.1 1.4
Credit to business, hholds -1.0 -0.9 -1.3 -1.6 -1.6 -1.5

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