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.
According to the country’s central bank, credit extended to the government rose 0.1 percent after a 1.4 percent increase in December. Loans to businesses and individualsĀ declined 1.6 percent after a 1.4 percent drop in December.
See all the latest news from Greece and the world at Greekreporter.com. Contact our newsroom to report an update or send your story, photos and videos. Follow GR on Google News and subscribe here to our daily email!
