Hellenic Bank Association Reports Rise In Liquidity
According to figures presented by the Hellenic Bank Association, there has been an increase in liquidity directed toward Greek enterprises through the Development Ministry's financing mechanisms. HBA also forecast that the Greek economy would go to positive growth rates from the second half of 2014.
The HBA reported that approval of loans under the specific programs, like those of the European Investment Bank, the Hellenic Fund for Entrepreneurship and Development, and EU initiatives like Jeremie, had risen by 10 pct to 1.65 billion euros at the end of April, which is up from 1.5 billion euros at the end of March.
Prior to June 2013, the funds disbursed by the above mentioned programs did not exceed 150 million euros. It means that they have increased 10 times within a year.
HBA President Georgios Zanias qualified the rising trend in the financing of the economy as a very positive.