Banks will issue loans up to 50,000 euros each to very small enterprises with an annual turnover of no more than €200,000 in the context of the new Guarantee Fund of the Hellenic DevelopmentBank that is expected to start operating in early March.
The view expressed during talks on Tuesday with the government echoed the opinions voiced by the banks and the companies managing bad loans for the funds that have acquired them ... A necessary condition for state subsidies is that the enterprises that benefit from them must reach an arrangement with the banks regarding their debts.
Loans whose repayments have been frozen due to the pandemic add up to 30 billion euros, concerning some 400,000 individual and corporate borrowers, according to the Hellenic BankAssociation... All banks, as well as the companies managing loans for them, have created special programs for the gradual restoration of tranche payments.
The Hellenic DevelopmentBank has channeled liquidity worth 8.6 billion euros to small and medium-sized enterprises (SMEs) and large enterprises through the banking system since the beginning of the ...
Given that lenders issued loans of €20 billion in 2020 (according to Hellenic BankAssociation data), but ... This mainly concerns working capital banks have issued with the support of the Hellenic Development Bank, which currently covers businesses’ liquidity needs.
According to data from the Hellenic DevelopmentBank, the planning of the second phase of the Guarantee Fund in favor of SMEs has been vindicated by the high rate of approval for such businesses, reaching up to 82%.
The banks index declined 0.51%. Fourlis Holdings grew 2.97%, Lamda Development rose 2.29% and PiraeusBank grabbed 2.12%. Hellenic Petroleum lost 1.43%. In total 76 stocks registered gains, 28 suffered losses and 31 remained unchanged ... .