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.