Total credit extended to Greece's economy rose by 15.6 percent from a year earlier in March 2021, easing from a 12-year high of 15.9 in the previous month. Credit extended to the government slowed to 73.1 percent from March last year (vs 77.6 percent in February) and lending to businesses and households retreated to 2.9 percent (vs 3.7 percent). source: Bank of Greece

Loan Growth in Greece averaged 4.35 percent from 2004 until 2021, reaching an all time high of 19.60 percent in August of 2006 and a record low of -7.90 percent in October of 2013. This page provides the latest reported value for - Greece Loan Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Greece Total Credit YoY - data, historical chart, forecasts and calendar of releases - was last updated on May of 2021.

Loan Growth in Greece is expected to be 8.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Loan Growth in Greece to stand at 3.60 in 12 months time. In the long-term, the Greece Total Credit YoY is projected to trend around 4.00 percent in 2022 and 2.00 percent in 2023, according to our econometric models.

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Greece Total Credit YoY

Actual Previous Highest Lowest Dates Unit Frequency
15.60 15.90 19.60 -7.90 2004 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-01-29 11:15 AM Dec 13.7% 12.5% 13.2%
2021-02-26 11:00 AM Jan 15.8% 13.8% 14%
2021-03-26 11:30 AM Feb 15.9% 15.8% 16.5%
2021-04-29 10:10 AM Mar 15.6% 15.9% 15.5%
2021-05-31 10:15 AM Apr 15.6%
2021-06-25 10:15 AM May
2021-07-27 10:15 AM Jun
2021-08-26 10:15 AM Jul


News Stream
Greece Total Credit Growth to the Economy Slows
Total credit extended to Greece's economy rose by 15.6 percent from a year earlier in March 2021, easing from a 12-year high of 15.9 in the previous month. Credit extended to the government slowed to 73.1 percent from March last year (vs 77.6 percent in February) and lending to businesses and households retreated to 2.9 percent (vs 3.7 percent).
2021-04-29
Total Credit to the Greek Economy Rises Most in 12 Years
Total credit extended to Greece's economy rose by 15.9 percent from a year earlier in February 2021, the most since November 2008, as credit extended to the government jumped 77.6 percent (vs 76.7 percent in January) amid the coronavirus pandemic. In addition, lending to businesses and households advanced 3.7 percent, the same pace as in the previous month.
2021-03-26
Total Credit to the Greek Economy Rises Most in Over 12 Years
Total credit extended to Greece's economy rose by 15.8 percent from a year earlier in January of 2021, the most since November 2008, as credit extended to the government jumped 76.7 percent (vs 65.5 percent in December) amid efforts to combat the spread of the coronavirus pandemic. In addition, lending to businesses and households advanced 3.7 percent (vs 3.5 percent in December).
2021-02-26
Credit to the Greek Economy Rises the Most Since 2009
Total credit extended to Greece's economy rose by 13.7 percent from a year earlier in December of 2020, the most since March 2009, as credit extended to the government jumped 65.5 percent (vs 63.2 percent in November) amid efforts to combat the spread of the coronavirus pandemic. In addition, lending to businesses and households advanced 3.4 percent (vs 2.6 percent in November).
2021-01-29

Greece Total Credit YoY
Total credit expansion to domestic non-monetary financial institutions by domestic monetary financial institutions.