Rebound to end business credit crunch

The end of the recession expected in 2014 will signal the credit sector’s return to supporting entrepreneurship in Greece, according to the general director for corporate banking at the National Bank of Greece, Dimitris Dimopoulos.

Dimopoulos said that National is making plans for focusing on 50 Greek companies next year, thereby breaking the cycle of domestic deleveraging that has been the main feature of the crisis in the sector.

The bank intends to discuss the investment plans of leading companies in the dynamic domains of food, energy and renewable sources, pharmaceuticals and tourism. NBG also intends to play an active role in assisting smaller enterprises as well.

Dimopoulos added that the concentration of the credit sector “opens the way for the cooperation of lenders in order to support entrepreneurship in the country.”