Total credit extended to Greece's economy rose by 15.8 percent from a year earlier in January of 2021, the most since November 2008, as credit extended to the government jumped 76.7 percent (vs 65.5 percent in December) amid efforts to combat the spread of the coronavirus pandemic. In addition, lending to businesses and households advanced 3.7 percent (vs 3.5 percent in December). source: Bank of Greece

Loan Growth in Greece averaged 4.24 percent from 2004 until 2021, 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 March of 2021.

Loan Growth in Greece is expected to be 4.20 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 1.60 in 12 months time. In the long-term, the Greece Total Credit YoY is projected to trend around 1.70 percent in 2022, according to our econometric models.

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Greece Total Credit YoY

Actual Previous Highest Lowest Dates Unit Frequency
15.80 13.80 19.60 -7.90 2004 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-11-26 11:15 AM Oct 11.5% 10.6% 10.2%
2021-01-05 11:15 AM Nov 12.5% 11.5% 12%
2021-01-29 11:15 AM Dec 13.7% 12.5% 13.2%
2021-02-26 11:00 AM Jan 15.8% 13.8% 14%
2021-03-26 11:15 AM Feb 15.8%
2021-04-29 10:15 AM Mar
2021-05-31 10:15 AM Apr
2021-06-25 10:15 AM May


News Stream
Total Credit to the Greek Economy Rises Most in Over 12 Years
Total credit extended to Greece's economy rose by 15.8 percent from a year earlier in January of 2021, the most since November 2008, as credit extended to the government jumped 76.7 percent (vs 65.5 percent in December) amid efforts to combat the spread of the coronavirus pandemic. In addition, lending to businesses and households advanced 3.7 percent (vs 3.5 percent in December).
2021-02-26
Credit to the Greek Economy Rises the Most Since 2009
Total credit extended to Greece's economy rose by 13.7 percent from a year earlier in December of 2020, the most since March 2009, as credit extended to the government jumped 65.5 percent (vs 63.2 percent in November) amid efforts to combat the spread of the coronavirus pandemic. In addition, lending to businesses and households advanced 3.4 percent (vs 2.6 percent in November).
2021-01-29
Total Credit to the Greek Economy Rises Most in 11 Years
Total credit extended to Greece's economy rose by 9.2 percent from a year earlier in August 2020, the most since August 2009, as credit extended to the government jumped 49.9 percent (vs 45.9 percent in July) amid the coronavirus pandemic. In addition, lending to businesses and households advanced 1.9 percent (vs 1.5 percent in July).
2020-09-25
Total Credit to the Greek Economy Rises Most in Over 9 Years
Total credit in Greece's banking system rose by 4.0 percent year-on-year in May 2020, the largest increase since January 2011, as credit extended to the government jumped 22.4 percent (vs 12.0 percent in April) amid the coronavirus pandemic. In addition, lending to businesses and households advanced 0.7 percent (vs 0.3 percent in April).
2020-06-26

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