Financing secured by Greek-owned shipping increased by 5.6 percent in 2021, compared to the previous year, according to results of a study by Petrofin Research.

The value of approved loans reached 52.58 billion USD, compared to 49.794 billion USD in 2020, but down from 53.107 billion USD in 2019.

Last year marked the first time that bank financing towards Greek-controlled shipping increased since 2014.

Furthermore, five Greek banks – including all four systemic banks – are among the financial institutions, worldwide, included in the list of creditors, namely, Eurobank, which is in second place with a loan portfolio of 3.38 billion USD (behind first-place Credit Suisse, with 5.6 billion USD); followed by Piraeus Bank, 3.25 billion USD; Alpha Bank, 3.2 billion USD and National Bank, 2.64 billion USD. Aegean Baltic Bank is in 19th place, with 530 million USD.

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