Loans expended to Greek shipping interests in 2020 (both drawn and committed but undrawn), and booked both in Greece and worldwide, as of Dec. 31, 2020 eased to 49.79 billion USD, compared to 53.10 billion USD at the end of 2019; in 2018 the figure was 53.1 billion USD.
Conversely, Greece’s systemic banks were the only group of lenders who showed continued support for the sector, with the former’s portfolios in late 2020 up by 19.76 percent yoy, the biggest increase of the last few years.
Overall, the number of banks involved in Greek ship-finance also rose 56, compared to 55 in 2019 and 52in 2018.
According to Petrofin, new additions came from Japan, namely, Tokyo Century Bank and Mizuho Marubeni Leasing Corp.
Credit Suisse remained in the top position despite a portfolio reduction of 16.88 percent.
Latest News
Greece to Tighten Golden Visa Requirements: Handelsblatt
In its analysis, the German media outlet said investments can no longer be split across multiple properties
PM Mitsotakis Nominates Tasoulas as Next President of Greece
PM Mitsotakis proposes Kostas Tasoulas, current Parliament President, as Greece’s next President.
RES: Large Companies Buying PPAs in Greece
Power Purchase Agreements (PPAs) are long-term contracts between renewable energy producers and large corporations seeking to secure electricity at stable prices in a sustainable manner.
School Closures, Ships Docked Amid Bad Weather in Greece
Severe weather in Greece causes school closures and sailing bans. Strong winds, snowfall, and icy conditions disrupt daily life and travel on Tuesday.
Greece to Proceed with Issuance of 10-Year Bond
Regarding Greece's public debt the Agency forecasts that it will continue its downward trend, recording a total reduction of around 56%.
Labor Shortage in Greece: Vacant Job Positions Costing the Economy Millions
Data show that specific sectors are facing particular challenges in filling job positions, with the primary sector struggling to find working hands.
e-EFKA: “Thaleia” Answers Policyholders’ Questions
It is a service provided by the organization, aimed at enhancing the experience for individuals with special needs.
PM Mitsotakis Outlines 2025 Goals for Growth and National Interests
"The government’s work will remain intense and multifaceted, so that day by day, something changes and the lives of all citizens become better," the prime minister stated
Tender for Repairs on Athens Olympic Stadium’s (OAKA) Iconic Roof
Tender for OAKA project, which is expected to exceed 78 million euros, stipulates that repairs, maintenance must be conducted while venue remains open for events
Louis-Dreyfus Family Eyes 21% Stake in Thessaloniki Port
The newly created Amsterdam-based LeonidsPort company has submitted a voluntary public offer for 21%