Credit con­trac­tion.

Kathimerini English - - Focus -

To­tal credit in Greece’s bank­ing sys­tem con­tracted 2.2 per­cent year-on-year in May af­ter a 1.8 per­cent de­cline in the pre­vi­ous month, Bank of Greece data showed yes­ter­day. Credit ex­tended to the gov­ern­ment fell 3.2 per­cent af­ter de­creas­ing by 1.2 per­cent in April, the cen­tral bank said. Lend­ing to busi­nesses and house­holds de­clined 2 per­cent af­ter a 1.9 per­cent drop in April.

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