ECONOMY

Greek credit expanded 1.1 pct in May

greek-credit-expanded-1-1-pct-in-may

Total credit in Greece expanded by 1.1 percent year-on-year in May, compared to a contraction of 1.3 percent in the previous month, Bank of Greece data showed on Monday.

Credit extended to the government rose 24 percent after increasing by 5.6 percent in April, the central bank said. Lending to businesses and households declined, by 2.1 percent, versus a 2.4 fall in April.

[Reuters]