hellenic-development-bank-distributed-liquidity-worth-8.6-billion-euros-to-the-economy
Business

Hellenic Development Bank distributed liquidity worth 8.6 billion euros to the economy

Hellenic Development Bank 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 pandemic crisis (April 2020), the Development & Investments Ministry said in a report on Thursday.

It added that this was achieved by leveraging 2.78 billion euros from community and national funds.

More specifically, 2.0 billion euros were distributed to 17,804 SMEs through the TEPIX II fund, while disbursement of an additional 600 million euros is expected, raising the number of beneficiaries to 20,000 SMEs.

Another 4.6 billion euros were distributed to 521 large enterprises and 9,620 SMEs through the Guarantee Fund Covid-19, while disbursement of another 1.4 billion euros is expected mainly to SMEs. The value of disbursed loans is cumulatively 10 times greater than that of loans offered in the 2015-2019 period, and four times greatger than those of the 2010-2019 period.

Related posts

ELSTAT: Greek trade deficit shrank 18 pct in November

greek

Rania Ekaterinari (CEO HCAP): Greece presents great investment potential

greek

HCAP records the 4th consecutive profitable quarter – Total profits €28.9 million for the first nine months of 2020

greek

Oxford Company co-founder dies after contracting coronavirus infection

greek

Hospitality-restaurant sector lost 3.2 billion euros in turnover in Q3

greek

Greek merchant shipping fleet down in September

greek

Leave a Comment