Greece's Ministry of National Economy and Finance and Hellenic Bank Association agree four-monthly meetings and back primary residence protection initiative

Greece's Ministry of National Economy and Finance announced the outcome of a meeting between Minister Kyriakos Pierrakakis and the board of the Hellenic Bank Association on economic developments, the geopolitical environment and the outlook for the financial system, including agreement to institutionalise regular coordination meetings and support for the ministry’s recent primary residence protection initiative. The discussion brought together the Hellenic Bank Association’s chair George Zannias, the chief executives of Alpha Bank, Eurobank, National Bank of Greece, Piraeus Bank and CrediaBank, and the association’s acting director general. Participants highlighted the economy’s resilience, citing the country’s fiscal trajectory alongside Greek banks’ capital adequacy and liquidity, and noted continued credit growth to businesses and households as important for investment and growth. Bank representatives expressed agreement with the ministry’s initiative to provide substantive protection of primary residences and indicated they would contribute to accelerating related processes. The ministry and the Hellenic Bank Association agreed to hold regular meetings every four months to review progress and coordinate further initiatives to support the Greek economy.