Total credit in Greece's banking system fell 0.8 percent year-on-year in November 2019, the same pace as in the previous month. Credit extended to the government dropped 4.0 percent (vs -4.3 percent in October) and lending to businesses and households went down 0.3 percent (vs -0.2 percent in October). Loan Growth in Greece averaged 4.07 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. source: Bank of Greece

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 1.40 percent in 2020, according to our econometric models.

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Greece Total Credit YoY

Actual Previous Highest Lowest Dates Unit Frequency
-0.80 -0.80 19.60 -7.90 2004 - 2019 percent Monthly



Calendar GMT Actual Previous Consensus TEForecast
2019-09-26 10:15 AM Aug -0.7% -0.4% -0.6%
2019-10-29 11:15 AM Sep -0.9% -0.7% -0.4%
2019-11-28 11:30 AM Oct -0.8% -0.9% -1.2%
2020-01-03 11:30 AM Nov -0.8% -0.8%
2020-01-29 11:15 AM Dec -0.8% -0.7%


News Stream
2019-10-29
Greece Total Credit Continues to Fall
Total credit in Greece's banking system fell 0.9 percent year-on-year in September 2019, following a decrease of 0.7 percent in the previous month. Credit extended to the government dropped 3.1 percent (vs -4.4 percent in August) and lending to businesses and households went down 0.5 percent (vs -0.1 percent in August).

2019-09-26
Greek Total Credit Falls Further in August
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.


Greece Total Credit YoY
Total credit expansion to domestic non-monetary financial institutions by domestic monetary financial institutions.

Greece Money Last Previous Highest Lowest Unit
Interest Rate 0.00 0.00 4.75 0.00 percent [+]
Interbank Rate -0.38 -0.40 105.00 -0.44 percent [+]
Money Supply M0 27977.00 27986.00 31761.00 536.00 EUR Million [+]
Money Supply M1 127873.00 129204.00 129204.00 815.00 EUR Million [+]
Money Supply M2 182153.00 183665.00 259431.00 3028.00 EUR Million [+]
Money Supply M3 182707.00 184249.00 262054.00 3059.00 EUR Million [+]
Foreign Exchange Reserves 7571.00 7295.00 8443.00 1710.00 EUR Million [+]
Banks Balance Sheet 318846.08 317277.35 544679.70 141300.10 EUR Million [+]
Loans to Private Sector 74517.03 74429.74 125465.21 2086.12 EUR Million [+]
Loan Growth -0.80 -0.80 19.60 -7.90 percent [+]
Private Debt to GDP 123.10 130.60 148.30 49.40 percent [+]
Central Bank Balance Sheet 109016.00 107318.00 198582.00 29627.00 EUR Million [+]