Total credit in Greece's banking system rose by 2.1 percent year-on-year in April 2020, the biggest increase since February 2011, as credit extended to the government jumped 12.0 percent (vs 3.8 percent in March) amid the coronavirus pandemic. In addition, lending to businesses and households advanced 0.3 percent (vs 0.1 percent in March).

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 June of 2020. source: Bank of Greece

Loan Growth in Greece is expected to be 0.80 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.

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Greece Total Credit YoY

Actual Previous Highest Lowest Dates Unit Frequency
2.10 0.70 19.60 -7.90 2004 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-02-27 11:20 AM Jan -1.6% -1.3% -1%
2020-03-26 11:15 AM Feb -0.9% -1.4% -1.7%
2020-04-29 10:15 AM Mar 0.7% -1.0% -1.6%
2020-05-29 10:15 AM Apr 2.1% 0.7% 1%
2020-06-26 10:15 AM May 2.1%
2020-07-27 10:15 AM Jun 0.8%
2020-08-27 10:15 AM Jul
2020-09-25 10:15 AM Aug


News Stream
Credit to the Greek Economy Rises the Most in 9 Years
Total credit in Greece's banking system rose by 2.1 percent year-on-year in April 2020, the biggest increase since February 2011, as credit extended to the government jumped 12.0 percent (vs 3.8 percent in March) amid the coronavirus pandemic. In addition, lending to businesses and households advanced 0.3 percent (vs 0.1 percent in March).
2020-06-01
Greece Credit to the Economy Rebounds
Total credit in Greece's banking system rose by 0.7 percent year-on-year in March 2020, the first month of increase since last May, as credit extended to the government jumped 4.1 percent (vs -2.3 percent in February) and lending to businesses and households edged up 0.1 percent (vs -0.8 percent in February).
2020-04-29
Greek Total Credit Falls the Most in Over a Year
Total credit in Greece's banking system decreased 1.6 percent year-on-year in January of 2020, following an upwardly revised 1.3 percent fall in the previous month. It was the largest decline in loans since November 2018, as credit extended to the government slipped 6.8 percent (vs -5.5 percent in December) and lending to businesses and households went down 0.6 percent (the same pace as in the previous month).
2020-02-27
Greece Total Credit Falls in November
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).
2020-01-03

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