The Greek banking system is in its best shape since the start of the crisis, with non-performing loans below 4%. Yet 701 large companies, just 1.2% of business borrowers, now account for almost 43% of all business lending, up from 32% in 2019. For households the recovery is slower still, with lending growing at just 2.4% a year against around 9% for businesses.
In his article for
BusinessDaily.gr, George Pavlatos explores how private credit could help bridge funding gaps in the Greek market for both businesses and individuals, examining the conditions under which it could expand access to finance.
At
OCTANE Management Consultants this is a space we know well. We have supported banks, servicers, payment, e-money and microfinance institutions through licensing, set-up and early operations, and we have built business plans and financial models for players across banking, payments and credit.
