The National Bank of Greece, in the framework of its agreement with the European Investment Fund (EIF) totaling 1,600,000,000 euros, participates in the financing program of the Pan-European Guarantee Fund (“EGF”) for the financing of Small and Medium Enterprises (SMEs) and MidCaps.
The program benefits from support from the EGF Guarantee Facility, implemented by the EIF, with the financial support of Member States contributing to the EGF.
The Pan-European Guarantee Fund (EGF) is designed to support companies affected by the effects of the COVID-19 pandemic, but are considered viable in the long run and unable to meet their obligations without the financial impact of the pandemic.
Funding for the program is provided by the 70% guarantee of the European Investment Fund (EIF), which acts on behalf of the EGF, and is aimed at Small and Medium-sized Enterprises with up to 499 employees (in annual work units) and are offered for all financing purposes (investment implementation, working capital provision, refinancing of existing loans), through all forms of financing (short-term or medium-term financing in the form of One-Time Loans, Revolving Capital Limits and :
– maximum amount of funding 5m. euro,
– maximum funding period of 10 years, with the possibility of a grace period, and
-favorable financing rate due to the EIF guarantee.
Latest News
Vardis Vardinogiannis: ‘On a Ship’s Bridge You Always Look Forward’
Ten milestones in the half century since the creation of Motor Oil Group, as described by Vardis Vardinogiannis, who passed away on Tuesday at the age of 91
DBRS Says Greek Banks ‘Shielded’ from ECB Rate Cuts
The agency explains that fund disbursements through the banking sector will help offset pressures anticipated on interest margins beginning in 2025, due to expected rate cuts by the European Central Bank (ECB).
Meta Cuts Facebook and Instagram Subscription Fees by 40%
The social media giant also revealed that it will continue to offer free access to Facebook and Instagram for EU users, provided they agree to see ads based on a limited set of user data.
Skyrocketing Use of Debit, Credit Cards
The total value of the transactions conducted with debit and credit cards in the country in the first half of 2024 rose 2% on the corresponding period of 2023
JP Morgan Revised Greece Outlook to ‘Overweight’
The investment bank notes that Greece is showing the strongest GDP growth in the Eurozone. Additionally, efforts to clear up bank balance sheets are anticipated to yield increased capital returns.
Vardis I. Vardinogiannis, Greek Tycoon and Shipping Magnate, Dies at 91
In 1990, Vardinogiannis was targeted in an attack which involved three rockets fired at his vehicle by the terrorist organization 17 November.
Kudos for Greek Sheep’s Milk Cheeses
Graviera is the Greek version of the Swiss gruyère, and is generally considered the second most popular cheese made in the country after feta
EIB Survey: Greeks Rank Climate Change as Top Concern After Cost of Living
Specifically, 98% of the Greeks surveyed stated that the country must to adapt to climate change, with 60% saying that priority should be given to these adjustment measures
Trump Tells Putin not to Escalate Ukraine War during Phone Convo
Meanwhile, President Joe Biden, is preparing to lobby Trump against abandoning U.S. support for Kyiv
Former Thessaloniki Mayor Yiannis Boutaris Dies at 82
Boutaris entered politics in 2010, serving as the 60th mayor of Thessaloniki for two consecutive terms until 2019, becoming a transformative figure with his progressive policies.