ECONOMY

Credit growth in Greece shrinks 4.9 pct in December y-o-y

Total credit growth in Greece shrank 4.9 percent year-on-year in December, with the pace of decline picking up from the previous month, Bank of Greece data showed on Tuesday.

Credit extended to the government fell 8 percent in December after a 0.2 percent drop in the previous month.

Lending to businesses and households shrank 4 percent compared to a 4.6 percent contraction in November.

[Reuters]