Greek Banks Aim for €10 Billion in New Loans by 2025 Amid Interest Rate Cuts
Greek banks are focusing on increasing their loan portfolios to maintain profitability following recent interest rate cuts by the European Central Bank. A recent investment conference revealed plans for a €10 billion target in new loans by 2025, with projected credit growth exceeding €6 billion for 2024. Analysts highlight the positive recovery narrative for Greece and the expected increase in corporate borrowing, supported by EU recovery funds. Upgrades in public credit ratings further enhance borrowing conditions for banks and customers alike.