The Bank of Greece reported that annual growth in credit to the domestic economy slowed to 2.4% in September 2026 from 3.5% in August, while annual deposit growth remained at 9.1%. Monthly net bank credit nevertheless turned positive at EUR 744 million, compared with a net reduction of EUR 250 million in August. Private sector credit growth eased to 6.0% from 7.3%, including a slowdown in corporate credit growth to 7.8% from 9.6%. Monthly net credit to the private sector increased to EUR 735 million from EUR 489 million. Credit to the general government shifted from a EUR 740 million monthly net reduction to a EUR 9 million increase, accounting for most of the turnaround in total net bank credit. Total deposits increased by EUR 3,140 million, compared with EUR 2,971 million in August. Private sector deposits rose by EUR 2,787 million, slightly below the previous month's EUR 2,826 million increase, with corporate deposits contributing EUR 2,358 million. Deposits from households and private nonprofit institutions increased by EUR 428 million, while their annual growth accelerated to 3.9% from 3.5%.
Bank of Greece reports credit growth slowing to 2.4% in September as deposit growth holds at 9.1%
The Bank of Greece's September 2026 data showed annual domestic credit growth slowing to 2.4% from 3.5%, while deposit growth held at 9.1%. Monthly net bank credit recovered to EUR 744 million from a EUR 250 million contraction in August, largely reflecting a turnaround in credit to the general government. Private sector deposits increased by EUR 2,787 million, mainly through corporate inflows.