BUSINESS

Greek credit contracts 1.0 pct y/y in November

TAGS: Finance, Banking

Total credit in Greece's banking system contracted 1.0 percent year-on-year in November after shrinking by 1.3 percent in the previous month, Bank of Greece data showed on Wednesday.
   
Credit extended to the government rose 1.0 percent after a 0.2 percent increase in October, the central bank said. Lending to businesses and households declined 1.3 percent after a 1.6 percent drop in October. [Reuters]

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