Total credit in Greece's banking system fell 1.2 percent year-on-year in December 2019, following a 0.8 percent drop in November. Credit extended to the government declined 5.5 percent (vs -4.0 percent in November) and lending to businesses and households went down 0.5 percent (vs -0.2 percent in November). Greece Total Credit YoY - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.

Loan Growth in Greece averaged 4.04 percent from 2004 until 2019, 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. source: Bank of Greece

Loan Growth in Greece is expected to be -0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Loan Growth in Greece to stand at 1.00 in 12 months time. In the long-term, the Greece Total Credit YoY is projected to trend around 1.50 percent in 2021 and 1.40 percent in 2022, according to our econometric models.


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Greece Total Credit YoY

Actual Previous Highest Lowest Dates Unit Frequency
-1.20 -0.80 19.60 -7.90 2004 - 2019 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2019-10-29 11:15 AM Sep -0.9% -0.7% -0.4%
2019-11-28 11:30 AM Oct -0.8% -0.9% -1.2%
2020-01-03 11:30 AM Nov -0.8% -0.8%
2020-01-29 11:10 AM Dec -1.2% -0.8% -0.7%
2020-02-27 11:15 AM Jan -1.2% -1%
2020-03-26 11:15 AM Feb
2020-04-29 10:15 AM Mar -0.2%
2020-05-29 10:15 AM Apr


News Stream
Greece Total Credit Falls in November
Total credit in Greece's banking system fell 0.8 percent year-on-year in November 2019, the same pace as in the previous month. Credit extended to the government dropped 4.0 percent (vs -4.3 percent in October) and lending to businesses and households went down 0.3 percent (vs -0.2 percent in October).
2020-01-03
Greece Total Credit Continues to Fall
Total credit in Greece's banking system fell 0.9 percent year-on-year in September 2019, following a decrease of 0.7 percent in the previous month. Credit extended to the government dropped 3.1 percent (vs -4.4 percent in August) and lending to businesses and households went down 0.5 percent (vs -0.1 percent in August).
2019-10-29
Greek Total Credit Falls Further in August
Total credit in Greece's banking system fell 0.7 percent year-on-year in August 2019, following a decrease of 0.4 percent in the previous month. Credit extended to the government dropped 4.4 percent after decreasing by 2.1 percent in July; and lending to businesses and households edged down 0.1 percent, the same pace as in the prior month.
2019-09-26

Greece Total Credit YoY
Total credit expansion to domestic non-monetary financial institutions by domestic monetary financial institutions.