November 12, 2019 / 10:12 AM / a month ago

Greek credit contracts 0.9% y/y in September

    ATHENS, Nov 12 (Reuters) - Total credit in Greece's banking
system contracted 0.9% year-on-year in September after a 0.7%
decline in the previous month, Bank of Greece data showed on
Tuesday.
    Credit extended to the government fell 3.1% after decreasing
by 4.4% in August, the central bank said. Lending to businesses
and households shrank 0.5% after a 0.1% drop in the previous
month.
    
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KEY FIGURES (pct y/y)           SEPT. AUG. JULY  JUNE MAY  APRIL
Total credit                    -0.9  -0.7 -0.4 -0.3  0.1  0.0
Credit to public sector         -3.1  -4.4 -2.1 -1.0  1.6  0.6
Credit to business, households  -0.5  -0.1 -0.1 -0.2 -0.2 -0.1
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 Source: Bank of Greece 

 (Reporting by Angeliki Koutantou and George Georgiopoulos)
  
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