Tag: Loans
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Greek Banks Extend €4 Billion in New Loans to Businesses
Overview of Loan Disbursement in Greece In a significant boost to the Greek economy, banks have extended approximately €4 billion in new loans to businesses since the beginning of 2023. This initiative aims to support economic recovery and stimulate growth, particularly in the aftermath of the challenges faced during the pandemic. Impact of New Loans…
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Sbanken Cuts Interest Rates to Compete After DNB Acquisition
Sbanken Takes Action: Interest Rate Cuts Announced In an effort to regain its competitive edge following DNB’s recent acquisition, Sbanken has announced a significant interest rate cut. The bank’s CEO, Lars Hopland Nestås, confirmed that the bank would reduce interest rates by 0.25 percentage points across all loan products. This strategic move aims to bolster…