Credit Expansion measures the annual percentage change in the total volume of credit extended to the private sector, including households and non-financial corporations in Greece. It is a critical indicator of financial stability and the effectiveness of the banking system's transmission of monetary policy. High credit growth often correlates with increased investment and consumption, driving GDP growth. However, excessive expansion can also signal rising debt levels and potential systemic risks.
The Bank of Greece calculates this by aggregating the balance sheets of domestic monetary financial institutions to determine the year-over-year change in outstanding loans.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Mar 24, 2026 | 4.90 | — | — |
| Jan 22, 2026 | 5.40 | — | — |
| Nov 14, 2025 | 7.80 | — | — |
| Sep 11, 2025 | 7.20 | — | — |
| Jul 9, 2025 | 6.90 | — | — |
| May 9, 2025 | 6.90 | — | — |
| Mar 13, 2025 | 7.10 | — | — |
| Jan 17, 2025 | 5.00 | — | — |
| Sep 17, 2024 | 3.70 | — | — |
| Jul 12, 2024 | 2.70 | — | — |
| May 20, 2024 | 3.00 | — | — |
| Mar 14, 2024 | 1.90 | — | — |
