Eurobank to dou­ble fi­nanc­ing

Kathimerini English - - Focus - YIAN­NIS PAPADOYIANNIS

Eurobank Chief Ex­ec­u­tive Of­fi­cer Chris­tos Me­ga­lou yes­ter­day an­nounced that the lender would dou­ble fi­nanc­ing to en­ter­prises and house­holds next year to 2 bil­lion euros. He ex­plained that after a long pe­riod of ma­jor chal­lenges for the lo­cal credit sys­tem, banks can now fo­cus on their main task, fund­ing the econ­omy.

“Next year should be the one when banks, en­ter­prises, the econ­omy and the coun­try in gen­eral should prove that we are now walk­ing steadily and can take re­spon­si­ble steps to cover the lost ground,” said Me­ga­lou.

The bank is plan­ning to chan­nel about 1.6 bil­lion euros to en­ter­prises and 400 mil­lion to house­holds. Cor­po­rate fund­ing will com­prise 520 mil­lion euros for large en­ter­prises, nearly 200 mil­lion for ma­jor projects and jointly funded works, over 250 mil­lion for the tourism and shipping sec­tors, almost 200 mil­lion to sup­port­ing ex­ports, and 450 mil­lion to small and medi­um­sized en­ter­prises.

Me­ga­lou also es­ti­mated that the coun­try’s econ­omy will ex­pand by 0.8 per­cent this year, against an of­fi­cial fore­cast for 0.6 per­cent growth.

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