Hellenic Bank Association expects a full absorption of EIB’s funds in 2017

epa02773679 An exterior view of the European Investment Bank (EIB) Headquarters in Luxembourg, where Tajikistan's President Emomali Rahmon and Philippe Maystadt, the President of the European Investment Bank, withe their delegations met for talks, on 10 June 2011. EPA/NICOLAS BOUVY

Hellenic Bank Association expects a full absorption of European Investment Bank’s funding programmes for Greece, worth 1.5 billion euros, this year.

The Association, represented by president Nikolaos Karamouzis, the chairman of the executive commission Spyridon Papaspyrou and secretary-general Chariklia Apalagaki, met on Monday in Luxembourg with EIB’s president Werner Hoyer and EIB’s vice-president responsible for Greece, Jonathan Taylor and other executives.

The meeting focused on the significant support offered by EIB through Greek banks to the Greek economy and in particularly medium-sized enterprises and funding of infrastructure projects.

EIB has approved funds worth more than 1.5 billion euros for Greece in 2016, with full absorption of these funds expected to be completed this year, along with the immediate activation of two new programmes, InnovFin and COSME.

In an announcement, the two sides expressed their satisfaction over their impecable cooperation so far and confirmed their mutual wish to expand and improve this relation.