Christos Megalou

Eurobank to double financing next year

By Yiannis Papadoyiannis

Eurobank Chief Executive Officer Christos Megalou announced on Wednesday that the lender would double financing to enterprises and households next year to 2 billion euros. He explained that after a long period of major challenges for the local credit system, banks can now focus on their main task, funding the economy.

All four core lenders have now issued bonds

By Evgenia Tzortzi

Eurobank’s 500-million-euro four-year bond issued on Thursday was more than twice oversubscribed as orders totaled 1.1 billion euros at an interest rate of 4.25 percent. This completes the set of all four Greek systemic banks to have successfully issued bonds as the Greek economy reverts to normality.

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