International developments have been at the heart of today’s meeting of the Minister of National Economy Kyriakos Pierrakakis with the President and members of the Hellenic Bank Association.

The two sides were particularly stood in enhanced liquidity and the significantly reduced rate of non -performing loans that enhances the stability of the domestic financial system. The positive impact of investment grade recovery on the banking system was also discussed and it was agreed that this positive imprint is to be channeled to households and businesses, based on the catalytic role that banks play in the Greek economy over time.
Particular reference was made to the technological challengesthat emerge in the banking sector for the benefit of the consumer, such as direct payments, without commission, through the IRIS system, whose expansion in the market is voted on these days in Parliament. Finally, there was a need to intensify the digital transformation and simplification of banking processes with the aim of further facilitating citizens and businesses.

Following the meeting, the Minister of National Economy and Finance Kyriakos Pierrakakis said: “The next goal for all of us must be, this positive footprint to pass to even greater degree to citizens, businesses and the real economy. This can only be done through the banking system. Banks have been the development catalyst for the Greek economy over time. The same is true today.
In a period of increasing uncertainty and international reversals, the domestic financial system is possible and capable not only to face any difficulties but also to stand with confidence next to the traders, whether they are simple depositors, freelancers or a small business.
Returning to normalcy clearly means rewarding shareholders who have been in danger in difficult times. Returning to regularity, however, it must also mean loans to businesses and opportunities for the simple depositor. That is, the one who, with the gradual but steady improvement of his available income, will be able to return to the credit system again if he naturally has a better performance rate“
For its part, the Chairman of the Board of Directors of EET Gikas Chardouvelis said: ‘We work closely with the Ministry of Finance over time, on a number of issues related to key sectors of the Greek economy. In an excellent positive climate we have exchanged today with the Minister of National Economy and Finance, Mr. Pierrakakis, practical ideas and opinions. We have made specific proposals that, in particular in the context of digital transformation, will significantly improve the functioning of the Greek banking system and the economy in generala”.

By Greek Association The meeting was attended by the Chairman of the Board of Directors Mr. Gikas Chardouvelis, the President of the Piraeus Bank Mr. George Hantzinikolaou, the CEO of the three systemic banks and members of the Board of Directors of the Hellenic Association of Banks. Fokion Karavia, Pavlos Mylonas and Vassilis Psaltis and from the EET staff of the Acting General Manager Mr. Char. Apalagaki and the Senior Director Mr. Vassilis Panagiotidis.