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.

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.

Total credit extended to the Greek economy rose by 3.9% year-on-year in April 2026, the smallest increase since September 2024, following an upwardly revised 4.5% advance in the prior month. Credit to the private sector decreased to 6.8% from 7.7% in March. The monthly net flow of credit was negative by €1,216 million, compared with a positive net flow of €2,409 million in the previous month. At the same time, credit to the general government fell by 0.7% in April, following a 0.8% decrease in the prior month. The monthly net flow of bank credit to the general government was positive by €135 million, compared with a positive net flow of €1,124 million in the previous month.