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.