After three years of absence from ship financing, Greece’s four major banks are keen to start expanding credit to the sector again, according to their officials.
But any new financing will be cautious, selective and limited, they add, given tough capital requirements imposed by regulators and liquidity constraints they continue to suffer in the wake of the country’s debt crisis.
“After a period in which they didn’t finance, basically because of lack of liquidity, Greek banks now have the capacity to make some modest ship financings,” said one Greek ship finance source.
Greek
