Greece’s credit expansion slowed in September 2026, with the year-over-year growth rate easing to 2.4%, down from 3.4% recorded in July 2026. The data, updated on 10 November 2026, indicate a moderation in lending activity compared with the same period a year earlier.
The figures are based on a year-over-year comparison, where the current reading reflects the change in credit expansion in September 2026 versus September 2025. The previous indicator, at 3.4% in July 2026, similarly measured the change against July of the prior year, highlighting that the pace of credit growth has weakened as the third quarter progressed.
This deceleration in credit expansion may signal a more cautious borrowing environment or tighter lending conditions in Greece, as both businesses and households adjust to evolving financial and economic circumstances. While the sector is still expanding, the reduced growth rate suggests a less dynamic credit cycle heading into the final quarter of 2026.
