Financing the Greek economy is systemic banks’ major commitment for 2020. After a decade-long crisis that has led to zero or even negative rates of credit expansion to individuals and businesses, banks are now having more liquidity, according to senior bank officials.
Measures taken in order to reduce non-performing loans, which has been a deterrent to the banks’ attempt to return to normality, have contributed towards this direction, they said.
Systemic banks are now rapidly moving towards new financing and additional market liquidity. According to the latest information, new financing for 2020 is expected to reach around 15 billion euros.