{"id":6965,"date":"2022-11-04T13:45:03","date_gmt":"2022-11-04T13:45:03","guid":{"rendered":"https:\/\/dev-espa.summerize.io\/recovery-fund-e25-billion-in-loans-euro-from-the-four-systemic-banks\/"},"modified":"2023-08-03T19:27:16","modified_gmt":"2023-08-03T19:27:16","slug":"recovery-fund-e25-billion-in-loans-euro-from-the-four-systemic-banks","status":"publish","type":"post","link":"https:\/\/espa.io\/en\/recovery-fund-e25-billion-in-loans-euro-from-the-four-systemic-banks\/","title":{"rendered":"Recovery Fund: \u20ac25 billion in loans euro from the four systemic banks"},"content":{"rendered":"\n
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The four systemic banks announced the calls for interest to businesses<\/strong> to submit investment plans<\/strong>, evaluation and financing,<\/strong> from the Recovery Fund.<\/strong> Already, Eurobank, Alpha Bank, Piraeus Bank and NBG<\/strong> have prepared the strategic plans<\/strong> and continue informative presentations to customers.<\/p>\n\n

Banks, in fact, play the role of financial intermediary<\/strong> that will evaluate investment projects. These will be financed<\/strong> by the Recovery Fund up to 50%<\/strong>, the own contribution will reach 20%<\/strong>. The remaining 30% will be covered by bank financing<\/strong>. Through the Recovery Fund,<\/strong> the country has secured for the period 2021\/26<\/strong> European resources amounting to almost \u20ac31.16 billion. euros<\/strong>. Of these \u20ac18.43 billion euros<\/strong> relate to subsidies<\/strong> and 12.73 billion euros<\/strong> in loans.<\/strong><\/p>\n\n

Overall, investments are expected around EUR 27 to 32 billion euros<\/strong>. The financing needs<\/strong> generated by these investments are expected around EUR 20-25 billion. euro.<\/strong> Of these at least \u20ac18 billion euros<\/strong> \u03c0\u03c1\u03bf\u03ad\u03c1\u03c7\u03bf\u03bd\u03c4\u03b1\u03b9 \u03b1\u03c0\u03cc \u03c4\u03b9\u03c2 \u03b5\u03c0\u03b9\u03b4\u03bf\u03c4\u03ae\u03c3\u03b5\u03b9\u03c2 \u03ba\u03b1\u03b9 \u03c4\u03b1 \u03b4\u03ac\u03bd\u03b5\u03b9\u03b1<\/strong> \u03b1\u03c0\u03cc \u03c4\u03bf \u03a4\u03b1\u03bc\u03b5\u03af\u03bf \u0391\u03bd\u03ac\u03ba\u03b1\u03bc\u03c8\u03b7\u03c2<\/strong>. \u03a4\u03b1\u03c5\u03c4\u03cc\u03c7\u03c1\u03bf\u03bd\u03b1, \u03bc\u03ad\u03c7\u03c1\u03b9 \u03c4\u03bf 2026<\/strong> \u03c0\u03bf\u03c5 \u03b9\u03c3\u03c7\u03cd\u03bf\u03c5\u03bd \u03bf\u03b9 \u03c5\u03c0\u03bf\u03bb\u03bf\u03b3\u03b9\u03c3\u03bc\u03bf\u03af \u03b1\u03c5\u03c4\u03bf\u03af, \u03b4\u03b7\u03bc\u03b9\u03bf\u03c5\u03c1\u03b3\u03bf\u03cd\u03bd\u03c4\u03b1\u03b9 \u03b5\u03c0\u03b9\u03c0\u03bb\u03ad\u03bf\u03bd \u03b1\u03bd\u03ac\u03b3\u03ba\u03b5\u03c2 \u03c7\u03c1\u03b7\u03bc\u03b1\u03c4\u03bf\u03b4\u03cc\u03c4\u03b7\u03c3\u03b7\u03c2<\/strong> \u03bb\u03cc\u03b3\u03c9 \u03c0\u03bf\u03bb\u03bb\u03b1\u03c0\u03bb\u03b1\u03c3\u03b9\u03b1\u03c3\u03c4\u03ae \u03c4\u03bf\u03c5 \u03a4\u03b1\u03bc\u03b5\u03af\u03bf\u03c5 by \u20ac6 billion euros<\/strong>. To these should be added an additional EUR 9 billion euro from the rise of the economic cycle.<\/strong><\/p>\n\n

Consequently, the overall credit growth<\/strong> that it is estimated at EUR 25 billion. euros<\/strong> by 2024<\/strong> and may reach EUR 33 billion. euro until 2026<\/strong> it is claimed by the four systemic banks<\/strong>, which are seeking shares of 25-30%<\/strong>.<\/p>\n\n

For 2022,<\/strong> the Recovery Fund is expectedto \u20ac1.5 billion euros<\/strong> that can finance investments of \u20ac3 billion euros<\/strong>, of which 500 million up to \u20ac1 billion euros<\/strong> is expected through bank lending.<\/strong><\/p>\n\n

Eurobank Recovery Fund<\/strong><\/h2>\n\n

As stated in a presentation by the Deputy CEO, Head of Corporate & Investment Banking of Eurobank, Mr. Konstantinos Vassiliou, the sectors of the economy that will star<\/strong> are those of tourism, shipping, energy, infrastructure, real estate and industry and manufacturing<\/strong>. He also referred to Eurobank’s commitment to contribute to the establishment of sustainable development, aiming at in disbursements of more than \u20ac5.5 billion euro over the next three years<\/strong>, 50% of which<\/strong> will be directed to companies that integrate strong ESG criteria<\/strong> into their design. In these sectors, total investments of \u20ac32 billion euros<\/strong> broken down as follows:<\/p>\n\n