A small recovery in housing loans is recorded by the Bank of Greece’s data for October, which is mainly attributed to the strengthening of disbursements through the “My Home II” program.

The central bank’s data reflect this trend as the net flow of financing – i.e. new loans after the repayments of previous debts – moved into positive territory, recording a net credit expansion of 30 million euros since the beginning of the year.

In the business loan sector, the net flow of financing was negative by approximately €1.4 billion, a development attributed to the weakening of new loans after the peak traditionally observed at the end of each quarter – i.e. in September.

Original Story: Ekathimerini
Edition: Prime Yield