The annual growth of total credit extended to the Greek economy slowed to 3.4% in July 2026, down from 5.0% in June and marking its weakest pace since September 2024. Bank lending also recorded a significant monthly reversal, with the net flow of total credit turning negative at €3.96 billion, compared with a positive €3.50 billion a month earlier. Credit to the general government accounted for part of the decline, with a net outflow of €1.37 billion following a €213 million inflow in June. As a result, the annual growth rate of government credit fell to -2.0% from 0.4%. Lending to the private sector also lost momentum, with annual growth easing to 6.8% from 7.7%. The monthly flow of private-sector credit was negative by €2.59 billion, reversing a €3.29 billion increase in June. source: Bank of Greece
The value of loans in Greece increased 3.40 percent in July of 2026 over the same month in the previous year. Loan Growth in Greece averaged 4.96 percent from 2004 until 2026, reaching an all time high of 21.20 percent in May 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 August of 2026.
The value of loans in Greece increased 3.40 percent in July of 2026 over the same month in the previous year. Loan Growth in Greece is expected to be 3.60 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Greece Total Credit YoY is projected to trend around 2.60 percent in 2027 and 3.00 percent in 2028, according to our econometric models.