Greek credit contraction slows to 1.3 pct in January

Total credit in Greece shrank 1.3 percent year-on-year in January, with the pace of decline slowing from the previous month, Bank of Greece data showed on Thursday.

Credit extended to the government rose 8.6 percent after rising 7.3 percent in December, the central bank said. Lending to businesses and households declined by 2.9 percent, from a 3.1 percent drop in December.