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. Loan Growth in Greece averaged 4.15 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.

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 1.60 percent in 2020, according to our econometric models.

Greece Total Credit YoY
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Calendar GMT Actual Previous Consensus TEForecast
2015-07-20 10:20 AM Credit Expansion YoY May 1.1% -1.3%
2015-09-15 10:30 AM Credit Expansion YoY Jul 1.1% 1.3%
2019-09-26 10:15 AM Total Credit YoY Aug -0.7% -0.4% -0.6%
2019-10-29 09:00 AM Total Credit YoY Sep -0.7% -0.4%
2019-11-28 09:00 AM Total Credit YoY Oct
2020-01-02 09:00 AM Total Credit YoY Nov


Greece Money Last Previous Highest Lowest Unit
Interest Rate 0.00 0.00 4.75 0.00 percent [+]
Interbank Rate -0.42 -0.43 105.00 -0.44 percent [+]
Money Supply M0 27645.00 27669.00 31761.00 536.00 EUR Million [+]
Money Supply M1 127435.00 126447.00 127435.00 815.00 EUR Million [+]
Money Supply M2 183594.00 182309.00 259431.00 3028.00 EUR Million [+]
Money Supply M3 184143.00 182868.00 262054.00 3059.00 EUR Million [+]
Foreign Exchange Reserves 7537.00 7489.00 8443.00 1710.00 EUR Million [+]
Banks Balance Sheet 299893.01 298987.77 544679.70 141300.10 EUR Million [+]
Loans to Private Sector 74789.73 74969.72 125465.21 2086.12 EUR Million [+]
Loan Growth -0.70 -0.40 19.60 -7.90 percent [+]
Private Debt to GDP 123.10 130.60 148.30 49.40 percent [+]
Central Bank Balance Sheet 103699.00 102827.00 198582.00 29627.00 EUR Million [+]


Greece Total Credit YoY

Total credit expansion to domestic non-monetary financial institutions by domestic monetary financial institutions. 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 - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-0.70 -0.40 19.60 -7.90 2004 - 2019 percent Monthly




Country Last Previous
Brazil 1.10 Aug/19
China 12.50 Sep/19
Euro Area 3.40 Aug/19
France 5.65 Jul/19
India 8.80 Sep/19
Indonesia 9.58 Jul/19
Japan 2.00 Sep/19
Saudi Arabia 2.40 Aug/19
Spain 2.10 Jun/19


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