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

10 July 2017
791 Views

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

You may be interested

Thousands of refugees and illegal immigrants to be removed from apartments and hotels in Greece
GREECE
shares26 views
GREECE
shares26 views

Thousands of refugees and illegal immigrants to be removed from apartments and hotels in Greece

makis - May 29, 2020

The Migration and Asylum Ministry announced the start of the operation on June 1, of the eviction of both legitimate…

Muslims to pray in front of Hagia Sophia to put pressure to revert historic site into a Mosque
SLIDE
shares50 views
SLIDE
shares50 views

Muslims to pray in front of Hagia Sophia to put pressure to revert historic site into a Mosque

makis - May 28, 2020

Muslim mosques in Turkey will be reopening from tomorrow, Friday, the day of the fall of Constantinople (Istanbul), with the…

Athens Open Air Film Festival promises unforgettable nights to movie lovers
ART
shares57 views
ART
shares57 views

Athens Open Air Film Festival promises unforgettable nights to movie lovers

Panos - May 28, 2020

The Athens Open Air Film Festival promises movie goers unforgettable cinematic experiences as the summer event organised for the tenth…

Leave a Comment

Your email address will not be published.