Loans totaling 30.3 billion euros were disbursed by the four systemic banks in the first nine months of 2025, with 25.8 billion (85%) going to businesses – large, medium and small -, according to data from the banks’ balance sheets announced in previous weeks.
The main sectors that attracted large amounts of corporate banking capital are energy/RES, transport, shipping, as well as the tourism/hospitality sector.
It concerns amounts disbursed by systemic banks during the first nine months of 2025 and are not to be confused with the loans of the Recovery and Resilience Fund (RRF), since, as analysts explained to “N”, the resources originating from the RRF are not included in the balance sheets of the banks. Therefore, the amounts reported by the banks correspond to the loans they themselves grant, but also to the 30% with which they participate in the loans co-financed by the RRF.
The low-interest business loans of the RRF correspond to 15.4 billion euros.
The disbursements by bank and type of loan follows:
Piraeus Bank
Piraeus Bank recorded historic highs in its nine-month performance in new disbursements, having succeeded in disbursing loans of 9.5 billion euros with credit expansion of 3.1 billion euros and the loan portfolio reaching 36.8 billion euros.
Of the 9.5 billion euros in the nine-month period, new disbursements to businesses amounted to 8.7 billion euros in total, with large businesses absorbing 5.1 billion euros, and medium and small businesses 3.6 billion euros, while housing and consumer loans correspond to 0.8 billion in total.
As reported by Piraeus Bank, its loans to projects related to the Recovery and Resilience Fund (disbursements and backlog) amounted to 2.6 billion euros by 2023, fueling 8 billion euros of investments, of which 0.8 billion is disbursed, 0.6 billion euros contracted and 1.2 billion euros in requests under consideration.
Alpha Bank
Alpha Bank, with a total credit expansion of 2.2 billion euros in the nine-month period, recorded total new disbursements of 8.3 billion euros. Of this amount, 7.7 billion euros were directed to businesses, while only 0.6 billion euros were directed to individuals. It is noted that the group’s performing loan portfolio increased by 13% on an annual basis and amounted to 35.7 billion euros.
Eurobank
According to the bank’s balance sheet, Eurobank’s loan portfolio in Greece, which stood at 36 billion euros as of September 30 and increased by 2 billion, is mainly based on business loans.
With total disbursements of 6.8 billion euros, business loans represent 63% for the 9 months, or 4.3 billion. 30% corresponds to consumer loans, or 2.04 billion, and 7% to housing loans, or 476 million.
National Bank
National Bank’s disbursements totaled 5.7 billion euros for the 9 months, up 10% year-on-year, mainly as a result of new Corporate Banking loans. 4.5 billion euros were directed to businesses in the energy, transport, shipping, etc. sectors, while retail banking, which may include small businesses, earned 1.2 billion euros in total in the 9 months of 2025.
According to the bank’s estimates, the current high portfolio of approved but undisbursed loans is expected to lead to a strong increase in performing loans in the fourth quarter of 2025.