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7 months ago
Greek credit contracts 1.0 pct y/y in November- central bank
January 18, 2017 / 10:27 AM / 7 months ago

Greek credit contracts 1.0 pct y/y in November- central bank

ATHENS, Jan 18 (Reuters) - Total credit in Greece's banking
system contracted 1.0 percent year-on-year in November after
shrinking by 1.3 percent in the previous month, Bank of Greece
data showed on Wednesday.
    Credit extended to the government rose 1.0 percent after a
0.2 percent increase in October, the central bank said. Lending
to businesses and households declined 1.3 percent after a 1.6
percent drop in October.
***********************************************************
KEY FIGURES (in pct y/y)    NOV   OCT   SEPT  AUGUST  JULY  
Total credit                -1.0  -1.3  -1.8* -1.6    -1.7  
Credit to public sector      1.0   0.2  -3.0  -1.3    -2.3 
Credit to business, hholds  -1.3  -1.6  -1.6* -1.7    -1.6  
-----------------------------------------------------------
* revised    
source: Bank of Greece        

 (Reporting by George Georgiopoulos and Angeliki Koutantou)

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