Greek Banks Donate €160 Million for University Renovations

Greece's four major systemic banks, National Bank of Greece, Alpha Bank, Eurobank, and Piraeus Bank, are collectively donating €160 million to undertake a comprehensive renovation and upgrade of key university facilities. This substantial initiative is set to revitalize spaces and infrastructure across three of the country's most prominent higher education institutions: the National and Kapodistrian University of Athens (EKPA), Aristotle University of Thessaloniki (AUTH), and the National Technical University of Athens (NTUA).

The project encompasses the development of master plans for campus redevelopment and the maintenance of teaching buildings, administrative areas, and common spaces at EKPA. At AUTH, the focus will be on renovating student dormitories while simultaneously upgrading lecture halls and communal areas. NTUA will see the renovation of its iconic Gkini building, a landmark structure on its campus.

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A very decisive step is being taken to upgrade public universities, as the €160 million donation becomes a springboard for the renovation of the historic infrastructures of our historic institutions.

Prime Minister Kyriakos Mitsotakis hailed the donation as a "decisive step" in upgrading public universities, emphasizing that the €160 million will serve as a catalyst for renovating the historic infrastructure of these esteemed institutions. He made these remarks during a recent meeting at the Maximos Mansion.

This significant philanthropic effort by the banks aligns with the government's ongoing "Marietta Giannakou" program for school renovations, to which the systemic banks are also contributing €400 million over the next two years. George Zanias, Chairman of the Hellenic Bank Association, noted that the banks' capacity for such substantial social and developmental contributions is a testament to their strengthened financial position following the recent economic crisis.

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This is made possible today because, after all we have been through with the crisis, Greek banks are now strong and can play their developmental and social role.