Credit contracted in Greek banks fall 1.4% in January

Total credit in Greece’s banking system contracted 1.4% year-on-year in January after a

1.3% decline in the previous month, according to the latest data released by the Bank of Greece.

The most sharpen fall was on the public sector segment: -5.9% year-on-year, while in the credit to business and households the contraction was -0.6% compared to the year before.

Original Story: Reuters | Angeliki Koutant
Photo: Photo by Jonte Ramos in
Edition: Prime Yield