EBRD might remain as an investor in Greece until 2025

EBRD might remain as an investor in Greece until 2025

The European Bank for Reconstruction and Development is planning to invest € 1.4 billion in Greece while it is considering to lengthen its stay until 2025. This resulted during the 27th Annual Bankers’ meeting which took place in Jordan (8-10 May), with Greece being represented by the Secretary General of the Ministry of Economy and Deputy Governor of the Bank, Elias Xanthakos.

EBRD has been active in Greece in the past 30 months and has invested € 1.596 billion in 31 projects. Annual investments in 2017 amounted to € 614 million, while the investment projects that are now examined amount to € 1.4 billion. EBRD’s priorities for this year in Greece include the restructuring of non-performing loans, corporate bonds, privatisations, PPPs, trade finance and factoring programmes, investments in tourism, equity investments in companies and the implementation of the technical assistance programme for exporting small and medium-sized enterprises.

At the meeting it was decided to consider the 2018 expansion of the EBRD’s investment presence in Greece by December 2025…. / IBNA