Greece

Spiros V.Tsolis, International Factoring Manager, EFG Factors SA gives the overview of factoring in Greece for the forthcoming year.

Commercial banks’ loan portfolios vary considerably, reflecting each bank’s business orientation and their appetite for risk-taking. The tremendous increase in loan demand in recent years does not mean that all banks offer the same loan products in subcategories.

The Greek factoring industry increased by approximately 1.8%, to euros 4.51 billion, experiencing a slowdown due to the lower industrial productivity (mainly in clothing and textile industries)

Greek Development Minister Dimitris Sioufas announced a government programmeto subsidise interest rates on loans to small- and medium-sized enterprises (SMEs) as part of a programme to offer support to

Market Performance and Supply

 

Small- and medium-sized enterprises (SMEs) rarely turn to banks for credit due to the businesses low rates of

Greek Development Minister Dimitris Sioufas launched a programme offering financial support to investment plans by small- and medium-sized enterprises (SMEs) around the country.

Politicians and financiers agreed on the importance of readily providing capital to small- and medium-sized enterprises (SMEs) and bemoaned the situation in Greece, although they said that recent reforms affecting the international banking system

Politicians and financiers yesterday agreed on the importance of readily providing capital to small- and medium-sized enterprises (SMEs) and bemoaned the situation in Greece, although they said that recent reforms affecting the international banki

EFG Eurobank Ergasias on Monday announced a series of management changes as part of a strategic plan to expand activities abroad and to further grow its corporate and private customer base.