EBRD signs two Greek TFP loans

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The EBRD has signed two €50 million ($54.9 million) loans under its Trade Facilitation Programme (TFP) with Greek banks Alpha Bank and Eurobank.

The TFP loans are meant to help the banks increase their trade finance activities despite facing economic headwinds so that the country’s economy can grow more strongly and sustainably.

The EBRD became a minority shareholder in both banks last year through a recapitalisation of Greece’s four systemic banks and is now aiming to support the activities of exporters, importers and distributors in the country.

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