The annual growth rate of total credit extended to the Greek economy eased to 7.6 percent in April of 2022 from 9.2 percent in the previous month. It was the lowest growth rate since June of 2020 as credit rose at a softer pace for the government (17.4 percent vs 27.3 percent in March). Meanwhile, credit increased slightly for the private sector (2.8 percent vs 1.6 percent). source: Bank of Greece

Loan Growth in Greece averaged 4.83 percent from 2004 until 2022, reaching an all time high of 19.60 percent in August 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 June of 2022.

Loan Growth in Greece is expected to be 4.00 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 2023, according to our econometric models.

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Greece Total Credit YoY



Calendar GMT Actual Previous Consensus TEForecast
2022-04-29 10:10 AM Mar 9.2% 10.4% 10.4%
2022-05-31 10:00 AM Apr 7.6% 9.2% 10.2%
2022-06-29 10:15 AM May 7.6% 6.7%


Related Last Previous Unit Reference
Interbank Rate -0.56 -0.56 percent Jun 2022
Money Supply M1 192169.00 188713.00 EUR Million Apr 2022
Money Supply M0 34788.00 34749.00 EUR Million Apr 2022
Money Supply M2 229182.00 225828.00 EUR Million Apr 2022
Money Supply M3 229954.00 226646.00 EUR Million Apr 2022
Foreign Exchange Reserves 10831.00 11541.00 EUR Million May 2022
Banks Balance Sheet 326366.94 322890.54 EUR Million Apr 2022
Loans to Private Sector 64803.43 64118.40 EUR Million Apr 2022
Loan Growth 7.60 9.20 percent Apr 2022
Central Bank Balance Sheet 248340.00 245861.00 EUR Million Mar 2022

Greece Total Credit YoY
Total credit expansion to domestic non-monetary financial institutions by domestic monetary financial institutions.
Actual Previous Highest Lowest Dates Unit Frequency
7.60 9.20 19.60 -7.90 2004 - 2022 percent Monthly

News Stream
Greece Total Credit Growth at 22-Month Low
The annual growth rate of total credit extended to the Greek economy eased to 7.6 percent in April of 2022 from 9.2 percent in the previous month. It was the lowest growth rate since June of 2020 as credit rose at a softer pace for the government (17.4 percent vs 27.3 percent in March). Meanwhile, credit increased slightly for the private sector (2.8 percent vs 1.6 percent).
2022-05-31
Greece Total Credit Growth to the Economy Accelerates
The annual growth rate of total credit extended to the Greek economy advanced to 9.2 percent in March of 2022 from an upwardly revised 10.4 percent in the prior month. Credit growth rose for the private sector (1.6 percent vs 1.4 percent in February), while it decreased for the general government (27.1 percent vs 33.2 percent).
2022-04-29
Greece Total Credit Growth Rebounds
The annual growth rate of total credit extended to the Greek economy advanced to 10.3 percent in February of 2022 from an upwardly revised 10 percent in the prior month. It was the first month with accelerated growth following 9 months of slowing expansion. Credit growth rose for the private sector (1.4 percent vs 0.9 percent in January), while it remained constant for the general government (at 33 percent).
2022-03-28