By Leonidas Stergiou Businesses, mainly large and in sectors where deals are launched and are involved in investment projects due to the Development Fund and privatization program, will raise most of the bank lending this year. In fact, the demand of the first quarter and the data of the five months show that the business […]
Tag: business loans
Lack of executives and cost of borrowing the two thorns of small and medium
By Leonidas Stergiou Finding suitable staff, with qualifications and experience, but also the high cost of financing are two of the biggest problems faced by small and medium enterprises in Greece, as stated in a speech on Friday by the Governor of the Bank of Greece Mr. Giannis Stournaras, in ΕΣΕΕ. In fact, the latest […]
Explosion in small business loans
By Leonidas Stergiou Loans to small and micro-enterprises are currently exceeding 600 million euros, according to bank estimates, which consider how May will close and how June will evolve in order to proceed with any adjustments to the targets. The key to increasing loans to smaller companies, but also the almost zero creation of red […]
What do business loans show in the first quarter?
By Leonidas Stergiou The preparation for investment projects launched mainly in the infrastructure sectors, the effects of inflation mainly in the energy sector and the uncertainty in smaller companies, due to price increases and war, are reflected in the new data of the Bank of Greece for the first quarter, where greater breakdown by industry, […]
Coming to record business loans – The reasons
By Leonidas Stergiou The recent deals Motor Oil-Ellactor and Cosmos Aluminum-ETEM are two examples of the big business moves that are underway in the Greek market, mainly in the sectors of infrastructure, energy and transport, where banks are called to play the role of advisors and financier, according to bank executives. Contacts between bankers and […]
Coming Record of Business Loans – The Reasons
By Leonidas Stergiou The recent deals Motor Oil-Ellactor and Cosmos Aluminum-ETEM are two examples of the big business moves that are underway in the Greek market, mainly in the sectors of infrastructure, energy and transport, where banks are called to play the role of advisors and financier, according to bank executives. Contacts between bankers and […]
BoG: Demand for business and mortgage loans increased in the fourth quarter of 2021
The total demand for business loans increased to a certain extent in the fourth quarter of 2021, as well as for mortgage loans, while the demand for consumer loans remained unchanged, according to the Bank of Greece data on bank loans during this period. At the same time, the criteria for lending to non-financial corporations […]
The interest rate on business loans was reduced
By Leonidas Stergiou Banks’ profitability in 2022 will be based on cost reduction and increase in commission and transaction income, as further reduction of the interest margin due to competition is expected, despite the positive credit expansion of 10 billion euros. Impressive was the increase in November in consumer loans and even in those with […]
Government plan to lend more business
By Leonidas Stergiou The government is running a four-point plan with the aim of increasing by at least 100,000 eligible companies that will meet the banking criteria for borrowing in one year. The increase in eligible companies for lending (bankable) will come from the consolidation and the creation of new viable business units. This will […]
Bank battle for 100,000 business loans
By Leonidas Stergiou The four systemic banks have taken a battle position, claiming shares of 25% -30% of the new loans that companies will need in view of the Recovery Fund and the upward cycle of the economy until 2027. In the first phase, about 2,000-2,500 large companies have come under the microscope, which will […]