BUSINESS

Greek credit contracts 1.4 pct y/y in January

TAGS: Banking, Economy, Finance

Total credit in Greece's banking system contracted 1.4 percent year-on-year in January after shrinking by 1.0 percent in the previous month, Bank of Greece data showed on Wednesday.
   
Credit extended to the government rose 0.1 percent after a 1.4 percent increase in December, the central bank said. Lending to businesses and households declined 1.6 percent after a 1.4 percent drop in December. [Reuters]

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