Greece Credit Growth at Over 1-1/2-Year Low

2026-08-28 10:34 By Agna Gabriel 1 min. read

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.



News Stream
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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