According to the Central Bank Monetary Review, credit growth in January 2008 stood at 33.48%, higher than February 2007.
The total value of loans granted in the first month of the year stood at €42.19 billion from €31.6 billion in January 2007.
This increase of €10.58 billion stems from loans to non-financial organizations and the housing loans.
The loans to non-financial organizations climbed 43.5% to €19.87 billion from €13.85 billion in January 2007.
The housing loans surged 37.6% to €8.26 billion from €6 billion in January 2007, while consumer loans rose 9% to €6.59 billion from €6.04 billion.
