The annual growth of total credit extended to the Greek economy slowed to 2.4% in September 2026, its weakest pace since January 2024, down from 3.5% in August. Despite this deceleration, net lending flows turned positive, reaching €744 million after a €250 million outflow in the previous month. Credit growth to the private sector eased to 6% from 7.3%, although monthly net flows improved markedly to €735 million from €489 million. Meanwhile, credit to the general government contracted at a faster annual pace of 3.6%, compared with 2.7% in August. However, monthly net flows turned marginally positive at €9 million, following a €250 million decline in the previous month. source: Bank of Greece

The value of loans in Greece increased 2.40 percent in September of 2026 over the same month in the previous year. Loan Growth in Greece averaged 4.95 percent from 2004 until 2026, reaching an all time high of 21.20 percent in May of 2006 and a record low of -7.90 percent in October of 2013. This page provides the latest reported value for - Greece Loan Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Greece Total Credit YoY - data, historical chart, forecasts and calendar of releases - was last updated on October of 2026.

The value of loans in Greece increased 2.40 percent in September of 2026 over the same month in the previous year. Loan Growth in Greece is expected to be 3.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Greece Total Credit YoY is projected to trend around 2.60 percent in 2027 and 3.00 percent in 2028, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-09-25 10:00 AM
Total Credit YoY
Aug 3.5% 3.5% 3.4%
2026-10-27 11:00 AM
Total Credit YoY
Sep 2.4% 3.5% 3.6%
2026-11-27 11:00 AM
Total Credit YoY
Oct 2.4%


Related Last Previous Unit Reference
Banks Balance Sheet 364918.00 361142.00 EUR Million Sep 2026
Central Bank Balance Sheet 212994.00 211904.00 EUR Million Sep 2026
Foreign Exchange Reserves 19893.00 20607.00 EUR Million Sep 2026
Total Credit YoY 2.40 3.50 percent Sep 2026
Loans to Private Sector 94748.17 94228.94 EUR Million Sep 2026
Money Supply M0 32432.00 32454.00 EUR Million Aug 2026
Money Supply M1 218130.00 213268.00 EUR Million Aug 2026
Money Supply M2 274831.00 272044.00 EUR Million Aug 2026
Money Supply M3 277485.00 274692.00 EUR Million Aug 2026


Greece Total Credit YoY
Total credit expansion to domestic non-monetary financial institutions by domestic monetary financial institutions.
Actual Previous Highest Lowest Dates Unit Frequency
2.40 3.50 21.20 -7.90 2004 - 2026 percent Monthly

News Stream
Greece Credit Growth Slows to Lowest in Over 2 Years
The annual growth of total credit extended to the Greek economy slowed to 2.4% in September 2026, its weakest pace since January 2024, down from 3.5% in August. Despite this deceleration, net lending flows turned positive, reaching €744 million after a €250 million outflow in the previous month. Credit growth to the private sector eased to 6% from 7.3%, although monthly net flows improved markedly to €735 million from €489 million. Meanwhile, credit to the general government contracted at a faster annual pace of 3.6%, compared with 2.7% in August. However, monthly net flows turned marginally positive at €9 million, following a €250 million decline in the previous month.
2026-10-27
Greece Credit Growth Holds Steady
The annual growth of total credit extended to the Greek economy stood at 3.5% in August 2026, unchanged from the previous month. Bank lending remained negative at €38 million, although this represented a partial recovery from last month’s sharply negative net flow of €3.89 billion. The improvement was driven by higher lending to the private sector, which rebounded to a net inflow of €478 million from a €2.52 billion net outflow in the previous month, although the pace of decline quickened to 2.4% from 2%. Meanwhile, credit to the general government partially recovered to a net outflow of €516 million from €1.37 billion in the previous month, while annual growth accelerated to 7.1% from 6.7%.
2026-09-25
Greece Credit Growth at Over 1-1/2-Year Low
The annual growth of total credit extended to the Greek economy slowed to 3.4% in July 2026, down from 5.0% in June and marking its weakest pace since September 2024. Bank lending also recorded a significant monthly reversal, with the net flow of total credit turning negative at €3.96 billion, compared with a positive €3.50 billion a month earlier. Credit to the general government accounted for part of the decline, with a net outflow of €1.37 billion following a €213 million inflow in June. As a result, the annual growth rate of government credit fell to -2.0% from 0.4%. Lending to the private sector also lost momentum, with annual growth easing to 6.8% from 7.7%. The monthly flow of private-sector credit was negative by €2.59 billion, reversing a €3.29 billion increase in June.
2026-08-28