The Hellenic Development Bank (EAT) will activate the third edition of the Entrepreneurship Fund (TEPIX III), with a total budget of 500 million euros.
It aims to support entrepreneurship with loans and guarantees of a total amount of €2.2 billion through the leverage of funds from the banks as well.
The Greek banking sector will see this and next year a credit expansion of 4% per annum, per Eurobank Equities, ensuring resilience in interest income and profitability for Greek banks.
This is ahead of the imminent reduction of interest rates by the ECB, expected to start from the second quarter of this year.
Reducing the ratio of debt-to-gross domestic product at the fastest rate in Europe, achieving higher positions in the rating agencies' scales and further reducing the cost of servicing the country's borrowing, are the three main objectives set by the financial staff for the crucial issue of managing the Greek debt.