Credit expansion for business loans seen positive in 2019

The liquidity of banks is improving, deposits are returning and 2019 will be the first year that there will be credit expansion for business loans. These were the conclusions of a meeting on Tuesday between the Development Ministry, the Hellenic Bank Association and representatives from the boards of Greece’s four systemic banks.

At the meeting, that was chaired by Vice President and Development Minister Yiannis Dragasakis, the officials spoke about the relative low demand for non-business loans but also recognized that just as the improved macroeconomic environment helped the liquidity of banks, as will the drop in unemployment and the improvement in the situation of the community have a positive impact on banks and demand for private loans.