The annual growth rate of total credit extended to the Greek economy eased to 6.2 percent in October of 2022, the least since June 2020, from 7.2 percent in the previous month, tracking higher borrowing costs and growth concerns for Eurozone member states. Credit to the general government rose by 7.6 percent annually, slowing from the 9.1 percent rise in September. Meanwhile, the total private sector financing expanded by 5.3 percent, down from a 6 percent increase. source: Bank of Greece

Loan Growth in Greece averaged 4.90 percent from 2004 until 2022, 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 December of 2022.

Loan Growth in Greece is expected to be 7.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Greece Total Credit YoY is projected to trend around 6.00 percent in 2023 and 4.60 percent in 2024, according to our econometric models.

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Greece Total Credit YoY



Calendar GMT Actual Previous Consensus TEForecast
2022-10-27 10:15 AM Sep 7.2% 7.7% 7.6%
2022-11-28 11:20 AM Oct 6.2% 7.2% 7.5%
2022-12-29 11:15 AM Nov 6.2% 6.3%


Related Last Previous Unit Reference
Interbank Rate -0.56 -0.56 percent Dec 2022
Money Supply M1 199783.00 200563.00 EUR Million Oct 2022
Money Supply M0 34322.00 34521.00 EUR Million Oct 2022
Money Supply M2 236116.00 237220.00 EUR Million Oct 2022
Money Supply M3 236718.00 237813.00 EUR Million Oct 2022
Foreign Exchange Reserves 11083.00 11265.00 EUR Million Oct 2022
Banks Balance Sheet 338293.16 339541.60 EUR Million Oct 2022
Loans to Private Sector 68075.76 68776.93 EUR Million Oct 2022
Loan Growth 6.20 7.20 percent Oct 2022
Central Bank Balance Sheet 251892.00 252225.00 EUR Million Oct 2022

Greece Total Credit YoY
Total credit expansion to domestic non-monetary financial institutions by domestic monetary financial institutions.
Actual Previous Highest Lowest Dates Unit Frequency
6.20 7.20 19.60 -7.90 2004 - 2022 percent Monthly

News Stream
Greece Total Credit Growth Rises Least in 28 Months
The annual growth rate of total credit extended to the Greek economy eased to 6.2 percent in October of 2022, the least since June 2020, from 7.2 percent in the previous month, tracking higher borrowing costs and growth concerns for Eurozone member states. Credit to the general government rose by 7.6 percent annually, slowing from the 9.1 percent rise in September. Meanwhile, the total private sector financing expanded by 5.3 percent, down from a 6 percent increase.
2022-11-28
Greece Credit Growth Slows Further
The annual growth rate of total credit extended to the Greek economy eased to 7.2 percent in September of 2022 from 7.7 percent in the previous month, tracking higher borrowing costs and growth concerns for Eurozone member states. Credit to the general government rose by 9.1 percent annually, slowing from the 10.1 percent rise in August. Meanwhile, the total private sector financing expanded by 6 percent, picking up from the 5.8 percent increase.
2022-10-27
Greece Total Credit Growth Eases in August
The annual growth rate of total credit extended to the Greek economy eased to 7.7 percent in August of 2022 from 9.1 percent in the previous month. Credit to the general government rose by 10.9 percent annually, slowing from a 15.3 percent rise in the prior month. Meanwhile, total private sector financing expanded by 5.8 percent, picking up from a 5.5 percent increase in July.
2022-09-27