Greece: Credit expansion remained negative in September in Greece – September ‘11

According to the latest data just released by BoG, total credit rose 0.2% m-o-m, yet eased 1.9% y-t-d and 2.2% y-o-y in September (Aug: -1.3% y-o-y) reaching €252.9bn, which corresponds to 113.9% of GDP from 107.7% at YE ‘09. Euroxx Research point out that deductions continued unabated across the board reaching €1,059m in September from €1,310m…

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