Economy · Greece
Bank Competition Leads to Lower Business Loan Rates in Greece
2 sourcesFirst reported 26 days agoUpdated 26 days ago
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What all sources covered
- The Bank of Greece reports symmetrical adjustment in business loan interest rates.
- Banks do not increase rates more in rising cycles or reduce them less in declining cycles.
- Recent findings suggest continuous reductions in borrowing rates for SMEs in Greece.
- Banks reported easing of credit terms attributed to interest rate reductions and increased competition.
2 sources
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