By Leonidas Stergiou The overall picture and averages lead to contradictory messages regarding the disbursement of loans in the first quarter. In 2022, the first two months start weakly, mainly in January. Then comes March, which had an increase in disbursements, to a point that balanced the first two months. This is the picture presented […]
Tag: loans
Banks are looking for sustainable investment plans for financing
By Leonidas Stergiou Banks have both liquidity and capital to lend. On the other hand, the demand for bank financing appears to be declining, but the needs of businesses and households are increasing. Banks have reduced red loans, but these, as a reserve, remain in the economy, limiting the possibilities for new lending. The Greek […]
SSM recommendations for additional shielding of banks
By Leonidas Stergiou The letter of the Head of the European Supervisory Mechanism (SSM) of the ECB, Mr. Andrea Enria, which was sent from Frankfurt on March 28, arrived at the offices of the CEOs of the European systemic banks – and the four Greek ones. In the 21-page letter, Mr. Enria calls on systemic […]
Half of the consumer loans concern car purchases.
Of Leonida Stergiou In consumer credit, the new disbursements in 2021 reached 889 million euros, ie they exceeded those of mortgages by 5 million euros. The forecast for 2022 exceeds 1-1.2 billion euros, as the main source of demand comes from the car market (almost 50% of disbursements) and loans to meet personal needs. The […]
Green light from ESM-EFSF for early IMF-GLF repayment
By Tasos Dasopoulos The way for the repayment of the IMF loans and the early payment of the double installment for the bilateral loan with the eurozone member states (GLF) was given today by the boards of the ESM and the EFSF. The latter formal procedure has nothing to do with the approval of the […]
Loan rates on households have stung
By Leonidas Stergiou The ECB may keep its key interest rates unchanged and even negative, but this does not mean that the market does not invoke risks and uncertainty, mainly due to inflation and geopolitical developments. This has the effect of increasing the actual cost of money, which is ultimately passed on to banks’ bank […]
Bank battle on small business loans
Of Leonida Stergiou Turning to retail banking is a strategic decision of the four systemic banks, as they can achieve higher interest rates than the interest margin. The bet, however, is on the financing of small businesses. The 2022 target for the four systemic banks is the disbursement of new loans of 1.6 billion euros, […]
Bank battle in business and consumer loans
By Leonidas Stergiou The emergence of the Omicron mutation and overcrowding in mortgages and notaries in the third and fourth quarters of 2021 were the main reasons for the recovery in demand for business and mortgage loans. During the same period, consumer credit continued to run at a high rate, with total disbursements exceeding mortgages […]
Chr. Staikouras to Reuters: The latest IMF loans will be repaid by the end of March
Greece will repay the last installments of loans it owes to the International Monetary Fund by the end of March, two years ahead of schedule, Finance Minister Christos Staikouras told Reuters on Monday. “Greece has officially submitted a request for the full repayment of the outstanding balance of the IMF loans. The relevant process has […]
Alpha Bank: Invitation to companies for Recovery Fund loans
Alpha Bank confirms its role as a key partner of Greek companies for a future of progress, prosperity and sustainability, through its active participation in the national effort to utilize the funds of the Recovery & Resilience Fund (TAA). The Bank invites companies wishing to borrow under the Recovery & Resilience Fund (TAA) to submit […]