The annual growth rate of total credit extended to the Greek economy fell to 7.3 percent in May of 2022 from 7.6 percent in the previous month, the lowest since June of 2020. Credit to the general government rose by 15.4 percent annually, slowing from a 17.4 percent rise in the prior month. Meanwhile, total private sector financing expanded by 3.4 percent, picking up from a 2.8 percent increase in April. source: Bank of Greece
Loan Growth in Greece averaged 4.84 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 July 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.