The annual growth rate of total credit extended to the Greek economy eased to 4.7% in April 2023, the least since May 2020, following a 5.2% in the previous month. Credit to the general government surged by 6% annually, accelerating from the 5.3% growth in the previous month. At the same time, the credit growth to the private sector rose to 3.9% in April, decelerating from 5.2% growth in March. source: Bank of Greece

Loan Growth in Greece averaged 5.06 percent from 2004 until 2023, reaching an all time high of 21.20 percent in May 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 June of 2023.

Loan Growth in Greece is expected to be 3.20 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 1.20 percent in 2024 and 2.00 percent in 2025, according to our econometric models.

Ok
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

API Features Documentation Interested? Click here to contact us
Please Paste this Code in your Website
width
height
 Preview
Greece Total Credit YoY



Calendar GMT Actual Previous Consensus TEForecast
2023-05-02 10:00 AM Mar 5.2% 5.5% 4.8%
2023-05-30 10:00 AM Apr 4.7% 5.2% 4.9%
2023-06-28 10:00 AM May 4.7%


Related Last Previous Unit Reference
Interbank Rate -0.56 -0.56 percent Jun 2023
Money Supply M1 185679.00 187420.00 EUR Million Apr 2023
Money Supply M0 34233.00 34193.00 EUR Million Apr 2023
Money Supply M2 233315.00 233263.00 EUR Million Apr 2023
Money Supply M3 234103.00 234121.00 EUR Million Apr 2023
Foreign Exchange Reserves 12006.00 12203.00 EUR Million Apr 2023
Banks Balance Sheet 320448.69 317966.56 EUR Million Apr 2023
Loans to Private Sector 69522.41 70056.56 EUR Million Apr 2023
Central Bank Balance Sheet 231667.00 232405.00 EUR Million Apr 2023
Loan Growth 4.70 5.20 percent Apr 2023

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
4.70 5.20 21.20 -7.90 2004 - 2023 percent Monthly

News Stream
Greece Credit Growth Eases to Nearly 3-Year Low
The annual growth rate of total credit extended to the Greek economy eased to 4.7% in April 2023, the least since May 2020, following a 5.2% in the previous month. Credit to the general government surged by 6% annually, accelerating from the 5.3% growth in the previous month. At the same time, the credit growth to the private sector rose to 3.9% in April, decelerating from 5.2% growth in March.
2023-05-30
Greece Total Credit Growth Rises the Least in Over 2 Years
The annual growth rate of total credit extended to the Greek economy eased to 5.2% in March 2023, the least since May 2020, and following a 5.5% in the previous month. Credit to the general government rose by 5.3% annually, decelerating from the 6.6% increase in the previous month. At the same time, the credit growth to the private sector rose to 5.1% in March, accelerating from 4.8% growth in the previous month.
2023-05-02
Greece Credit Growth Drops to Near 3-Year Low
The annual growth rate of total credit extended to the Greek economy fell to 5.5 percent in February of 2023 from 6.3 percent in the previous month, the least since May 2020, and in line with the higher borrowing costs mandated by the European Central Bank. Credit to the general government rose by 6.6 percent annually, slowing from the 7.4 percent increase in the previous month. Also, the credit growth to the private sector slowed to 4.8 percent from 5.7 percent.
2023-03-27