Total credit in Greece's banking system fell 1.8 percent year-on-year in November 2018, following a decrease of 1.9 percent in October and marking the 38th consecutive month of decline. Credit extended to the government fell 4.4 percent after decreasing by 4.9 percent in October; and lending to businesses and households declined 1.4 percent, the same pace as in the previous month. Loan Growth in Greece averaged 4.39 percent from 2004 until 2018, 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.

Loan Growth in Greece is expected to be 0.20 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 1.50 in 12 months time. In the long-term, the Greece Credit Expansion YoY is projected to trend around 1.80 percent in 2020, according to our econometric models.

Greece Credit Expansion YoY
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Greece Money Last Previous Highest Lowest Unit
Interest Rate 0.00 0.00 4.75 0.00 percent [+]
Money Supply M0 31205.00 31162.00 31205.00 536.00 EUR Million [+]
Money Supply M1 120485.00 120634.00 122287.00 815.00 EUR Million [+]
Interbank Rate -0.31 -0.32 105.00 -0.33 percent [+]
Money Supply M2 174954.00 175279.00 259431.00 3028.00 EUR Million [+]
Money Supply M3 175682.00 176008.00 262054.00 3059.00 EUR Million [+]
Foreign Exchange Reserves 6625.00 6507.00 8443.00 1710.00 EUR Million [+]
Banks Balance Sheet 290828.69 291631.15 544679.70 141300.10 EUR Million [+]
Loans to Private Sector 83117.19 84174.24 125465.21 2086.12 EUR Million [+]
Loan Growth -1.80 -1.90 19.60 -7.90 percent [+]
Private Debt to GDP 131.90 139.53 147.34 49.45 percent [+]
Central Bank Balance Sheet 109964.00 110240.00 198582.00 29627.00 EUR Million [+]


Greece Credit Expansion YoY

Total credit expansion to domestic non-monetary financial institutions by domestic monetary financial institutions. 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 Credit Expansion YoY - actual data, historical chart and calendar of releases - was last updated on January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-1.80 -1.90 19.60 -7.90 2004 - 2018 percent Monthly




Country Last Previous
Brazil 1.10 Nov/18
China 13.50 Dec/18
Euro Area 3.30 Nov/18
France 6.29 Nov/18
India 14.50 Jan/19
Indonesia 12.90 Dec/18
Japan 2.40 Dec/18
Saudi Arabia 2.30 Nov/18
Spain 1.60 Sep/18


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