Greek credit shrinks 5.4 pct y/y in April

Thu Jul 4, 2013 5:49am EDT

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ATHENS, July 4 (Reuters) - Total credit in Greece shrank 5.4
percent year-on-year in April, with the pace of decline slowing
from the previous month, Bank of Greece data showed on
    Credit extended to the government fell 16.4 percent in   
April after a 17 percent drop in the previous month.
    Lending to businesses and households shrank 3.4     
percent compared to a 3.5 percent contraction in March.
    KEY FIGURES (in pct y/y)       APRIL  MARCH  FEB  JAN  DEC  
    Total credit                    -5.4  -5.8  -7.1  -5.4 -4.9 
    Credit to public sector        -16.4 -17.0 -18.7 -10.9 -7.9 
    Credit to business, hholds      -3.4  -3.5  -3.9  -4.0 -4.0 
    source: Bank of Greece
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