Greek banks fuel 8% annual loan growth with major investment projects
A key driver of this growth is a €17.7 billion pipeline of business projects, backed by €5.8 billion in bank loans and €7.8 billion from the Recovery and Resilience Fund (RRF). The RRF, set to expire in August, has played a crucial role in funding large-scale initiatives, with private equity adding another €4 billion. If most of these proposals move forward, total investments could reach €13-14 billion within two years.
The combination of EU funding, private investment, and bank financing is set to keep credit expansion on track. With the RRF winding down, banks will absorb more of the funding burden, particularly in shipping and cross-border corporate lending. The projected 8% annual loan growth reflects confidence in these long-term investment plans.
