Greece Credit Growth Rises to 4-Month High

2026-06-29 10:14 By Jereli Escobar 1 min. read

Total credit extended to the Greek economy rose by 4.6% year-on-year in May 2026, marking the strongest growth since January, following a one-and-a-half-year low increase of 3.9% in the previous month.

Credit to the private sector accelerated to 7.4% from 6.8% in April, while the monthly net flow of credit remained positive at €1,315 million, up from a negative net flow of €1,216 million in the previous month.

At the same time, credit to the general government remained unchanged after posting 0.7% decline in the previous month, with a positive monthly net flow of €329 million, compared with a positive net flow of €135 million in April.



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Greece Credit Growth at Over 1-1/2-Year Low
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.
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Greece Credit Growth at 6-Month High
Total credit extended to the Greek economy rose 5.0% year-on-year in June 2026, accelerating from 4.6% in the previous month and marking the highest growth rate since December 2025. Credit to the private sector also edged higher to 7.7% from 7.4% in May, while the monthly net flow of credit remained positive at €3,288 million, increasing from €1,315 million in the previous month. Meanwhile, credit to the general government increased 0.4% after remaining stagnant in the previous month, with the monthly net flow of credit remaining positive at €213 million, although this was down from €329 million in May.
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Greece Credit Growth Rises to 4-Month High
Total credit extended to the Greek economy rose by 4.6% year-on-year in May 2026, marking the strongest growth since January, following a one-and-a-half-year low increase of 3.9% in the previous month. Credit to the private sector accelerated to 7.4% from 6.8% in April, while the monthly net flow of credit remained positive at €1,315 million, up from a negative net flow of €1,216 million in the previous month. At the same time, credit to the general government remained unchanged after posting 0.7% decline in the previous month, with a positive monthly net flow of €329 million, compared with a positive net flow of €135 million in April.
2026-06-29