Bank

PM Orban says Gov't is drafting state aid scheme aimed at guaranteeing factoring, leasing to purchase equipment

Prime Minister Ludovic Orban said that the Government is currently drafting several state aid schemes aimed at guaranteeing factoring, leasing for the purchase of equipment and guaranteeing the discount of payment instruments. "We are in the process of drafting several state aid schemes.

BFF Banking Group to open Athens branch

Italy's BFF Banking Group announced on Thursday it will open a branch in Greece in the year's third quarter, after receiving the necessary permits from the central banks of Greece and Italy.
The group has been supporting its clients in Greece since 2017, having acquired over 100 million euros of requirements from the Greek market.

Great interest recorded in state-guaranteed loans

The Guarantee Fund for the supply of loans to small, medium-sized and large companies with state collateral began operating on Wednesday with high expectations.
These working capital loans will have low requirements and favorable interest rates so as to provide liquidity to corporations during the crisis brought on by the coronavirus pandemic.

Reduced Banking Activity Leads to a Decline in Paid Ad Impressions amid Pandemic

Data obtained by Buyshares.co.uk indicates that the banking industry paid ad impression declined by 68.57% in the first 22 weeks of 2020 compared to a similar period last year.  The slump is a direct impact of the Coronavirus pandemic that has affected most sectors of the economy.

Reduced banking activity leads to a decline in paid ad impressions

Banks eye state-backed credit

There is strong competition among banks for participation in the Guarantee Fund for the provision of state-subsidized liquidity to Greek enterprises, with 14 lenders expressing an interest in response to the invitation published by the Hellenic Development Bank.

United Group is ready to buy Forthnet loans, but sets terms

The signing of the sale contracts for 350 million euros of Forthnet's loans from the creditor banks to United Group appears to be just a matter of days, banking sources tell Kathimerini.
This is also confirmed by sources at British equity fund BC Partners, which is United's parent group.

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