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Greek credit contracts 1.4 pct y/y in January- central bank
March 15, 2017 / 10:29 AM / 6 months ago

Greek credit contracts 1.4 pct y/y in January- central bank

    ATHENS, March 15 (Reuters) - Total credit in Greece's
banking system contracted 1.4 percent year-on-year in January
after shrinking by 1.0 percent in the previous month, Bank of
Greece data showed on Wednesday.
    Credit extended to the government rose 0.1 percent after a
1.4 percent increase in December, the central bank said. Lending
to businesses and households declined 1.6 percent after a 1.4
percent drop in December.
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KEY FIGURES (in pct y/y)    JAN   DEC   NOV   OCT   SEPT  
Total credit                -1.4  -1.0 -1.0  -1.3  -1.8 
Credit to public sector      0.1   1.4  1.0   0.2  -3.0  
Credit to business, hholds  -1.6  -1.4 -1.4* -1.6  -1.6
-----------------------------------------------------------
* revised
source: Bank of Greece

 

 (Reporting by George Georgiopoulos, Renee Maltezou)
  

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