National Bank to offer funds worth 10 bln euros in next three years, CEO says

“Having successfully completed the largest part of restructuring plans and building a strong capital base, Greek banks are in a position to become the catalyst of investments in Greece,” Leonidas Fragiadakis, National Bank’s CEO said on Thursday.

Addressing the 3rd annual congress of Hellenic Association for Energy Economics, the Greek banker said National Bank, “in this crucial period for the economic recovery planned to earmark funds worth 10 billion euros in the next three years”.

“We believe that energy investments in Greece will exceed 8.0 billion euros in the next five years. We aim and we prepare to offer at least 2.0 billion euros for this goal. We have supported the biggest projects in all basic economic sectors in the country and now, acknowledging energy prospects in Greece, we will contribute to its growth,” Fragiadakis said.

He noted that along with tourism, farming, manufacturing, transport and logistics, the energy sector is expected to continue to be the driving force of the economy, the sector to attract the biggest investment interest in the country.