The Bank of Greece published July 2026 banking data showing that annual growth in total credit to the domestic economy slowed to 3.4% from 5.0% in June, while annual growth in total deposits increased to 9.0% from 8.8%. Monthly flows reversed sharply, with total credit recording a net outflow of EUR 3.96 billion and total deposits falling by EUR 2.19 billion after increases in the previous month. Annual private-sector credit growth eased to 6.8% from 7.7%, driven by slower corporate credit growth and a EUR 2.55 billion monthly corporate credit outflow. Private-sector deposits declined by EUR 2.01 billion, largely because corporate deposits fell by EUR 2.25 billion, while household and private nonprofit institution deposits increased by EUR 240 million.
2026-08-27Bank of Greece
Bank of Greece reports credit growth slowing to 3.4% as deposit growth reaches 9.0% in July
The Bank of Greece reported that annual growth in total domestic credit slowed to 3.4% in July 2026, while total deposit growth rose to 9.0%. Monthly credit and deposit flows turned negative, led by outflows in corporate credit and deposits.