Total credit in Greece's banking system rose by 4.0 percent year-on-year in May 2020, the largest increase since January 2011, as credit extended to the government jumped 22.4 percent (vs 12.0 percent in April) amid the coronavirus pandemic. In addition, lending to businesses and households advanced 0.7 percent (vs 0.3 percent in April).
Loan Growth in Greece averaged 3.96 percent from 2004 until 2020, 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 2020. source: Bank of Greece
Loan Growth in Greece is expected to be 0.50 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 1.40 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.