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Bankers Confident about Greek Economy's Growth Outlook

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Bank of Greece. (Photo by Eurokinissi/ Yiannis Panagopoulos

ATHENS -- Greek bankers on Tuesday expressed their high confidence over the growth outlook of the Greek economy and the domestic banking system. Speaking during a conference organised by MasterCard on innovation, the CEOs of the four systemic banks agreed that the Greek economy's growth rates will be high in the coming years based on recent estimates, creating increased interest for investments in the country.

The bankers emphasised the Recovery Fund and the prospects created for changing the country's economic model through the use of these funds. They added that Greek banks have made the necessary preparation, created infrastructure and have contacted their clients to achieve the maximum exploitation of these funds.

Enterprises, particularly those that are small- and medium-sized, will become more competitive, they noted, adding that the role of banks will not be limited to offering loans but it will also focus on consultancy services.