Informative event of Piraeus Bank for the Recovery Fund

Piraeus Bank’s loan disbursements for 2021 will be closed above the target of 5.7 billion euros, of which 2 billion euros have already been directed to small and medium enterprises, while for the financial instruments created by the Hellenic Development Bank and the TEPIX Piraeus allocated 625 million euros.

These figures were announced from Thessaloniki by Ms. Eleni Vrettou, Senior General Manager of Corporate and Investment Banking at Piraeus Bank, speaking in front of dozens of businessmen from the wider Central Macedonia during an information event on the Fund for Recovery and Sustainability, but Law made for the members of the Exporters Association (SEVE).

According to Ms. Brettou, the impact of the pandemic on the Greek economy and businesses seems to be controllable and manageable, which – as she said – is due to the increased levels of vigilance adopted by the staffs of the Banks and the state, looking for innovative tools and methods.

dealing with the situation. In this context -according to her- Piraeus Bank provided moratoria to 1,300 customers with a total balance of financing of 1.2 billion euros, both in the Hospitality and Catering (HORECA) sector until 31/12/21, and for the other branches. economy, initially until 31/12/20 and then until 31/3/21 in accordance with a systematic directive of the ECB.

The interest on loans was also subsidized to 1,800 borrowers with a total interest rate of 60 million euros (from 1/4/20 to 31/8/20).

Ms. Brettou noted that the goal of Piraeus Bank is for its client companies to gain a competitive advantage, to invest, to prosper and to develop.

She called on the business community to take advantage of the Recovery Fund and the new Development Law and stressed that Piraeus Bank supports every sector of the Greek economy, typically mentioning retail, tourism, agri-food, exports, industry, and handicrafts. logistics, construction, infrastructure. At the same time, it enhances the country’s digital transformation and promotes a culture of sustainable development through Environmental Sustainability Governance (ESG), a European rational funding with respect for the environment.

In his speech, the Chief Economist of Piraeus Bank Elias Lekkos estimated that the growth of the Greek economy at this stage is not cyclical and predicted that GDP in the coming years may grow at an average of 3.5% per year. He also argued that in the period 2021 – 2027 in our country there is a possibility to finance investments of 260 billion euros, but also that by 2030 there will be a cumulative additional income of 80 billion euros in households and businesses.

For his part, Piraeus Bank Sustainable Banking Manager Dimitris Verelis presented the key features of the Recovery Fund, as well as the data of the new Development Law, which is under consultation and predicted that from the beginning of 2022 businesses will have the opportunity to submit their investment plans.

In his greeting from the Association of Exporters (SEVE), Vice President Panagiotis Hasapis referred to the value of business extroversion in order to have long-term sustainable development in the country and focused on the goal of SEVE that exports in 2025 to 25% of GDP from 18.5% today.

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