Greece Credit Growth Rises in March

Total credit extended to the Greek economy increased by 4.4% year-on-year in March 2026, following a more than one-year low of 4.2% in the previous month. Credit to the private sector edged up to 7.6% from 7.4% in February. The monthly net flow of financing to the private sector stood at a positive €2,387 million, compared with €1,264 million a month earlier. Moreover, credit to the general government fell by 0.8% in March, easing from a 1.0% decline previously. The monthly net flow of financing to the general government turned positive at €1,137 million, compared with -€2,950 million in the prior month.

Total credit extended to the Greek economy increased by 4.2% year-on-year in February 2026, easing from a 4.9% rise in the previous month and marking the slowest growth since September 2024. Credit to the private sector edged down to 7.4% from 7.6% in January. The monthly net flow of financing to the private sector was positive, amounting to €1,264 million, compared with -€2,170 million a month earlier. Moreover, credit to the general government fell by 1.0% in February, following a 0.6% increase in January. The monthly net flow of financing to the general government was also negative, at -€2,950 million in February, compared with -€315 million in the prior month.

Total credit extended to the Greek economy increased by 4.9% year-on-year in January 2026, compared with a downwardly revised 5.4% advance in the previous month. Credit to the private sector rose 7.6%, slowing from 7.9% in December. The monthly net flow of financing to the private sector was negative, amounting to €-2,144 million, compared with a positive €3,876 million a month earlier. Moreover, credit growth to the general government slowed to 0.6% in January from 1.4% in December. The monthly net flow of financing to the general government was also negative at €-315 million in January, compared with a positive €617 million in the prior month.