ECONOMY

Total credit growth in Greece shrinks 7.1 pct y-o-y in February

Total credit growth in Greece shrank 7.1 percent year-on-year in February, with the pace of decline picking up from the previous month, Bank of Greece data showed Monday.

Credit extended to the government fell 18.7 percent in February after a 10.9 percent drop in the previous month.

Lending to businesses and households shrank 3.9 percent compared to a 4 percent contraction in January.

[Reuters]