Karavias – Ready investment plans 1.5-2 billion euros for the Recovery Fund

Eurobank is in discussions with its clients for the promotion of investment plans that comply with the terms of the Development Fund (RRF), towards their inclusion in the programs that will be announced.

As stressed by the CEO of Fokion Karavias Bank, speaking at a Mastercard event, the ongoing contacts are made for the preparation of business plans, in order to meet the criteria of the expected cheap financing actions, through the European sub-package of 12.70 billion.

As he clarified, these are budget plans of 1.5-2 billion euros. According to Mr. Karavias, now it is the turn of the private sector and especially the banking system to prove that the assignment of the management of the Recovery Fund programs to them, was correct.

“We are ready in the banks and in Eurobank. For us, the support of our customers and mainly of companies of all sizes, large, medium and small, is our business priority “, underlined the CEO of the bank.

He added, however, that it is not only the Recovery Fund funds where we need to focus on. “RF-related energy or digitization plans play a central role in our planning, but let us not forget that there are other sources of funding such as the Fair Transition Fund and the Hellenic Development Bank programs that are more suitable for smaller businesses.” he clarified.

“European resources will reach about 70 billion over the next 5-6 years. In addition, we have sufficient deposits, which increase month by month, supporting both consumption and private investment, “said Mr. Karavias.

In relation to the macroeconomic prospects of the country, he expressed the assessment that 2022 will be another year of strong economic growth.

“I believe that we have before us a period of 5 years, 2022-2026, during which the average growth rate can range from 3.5-4% per year. “This may be the best period that the Greek economy has experienced since the 60’s,” he stressed.