Competitiveness-InvestEU program for SMEs

The business benefits from:

• a reduced interest rate thanks to the InvestEU Fund guarantee
• no collateral requirements for working capital facilities (revolving and term loans)
• for fixed asset/investment loans, collateral may be required for up to 60% of the loan amount
• a minimum term of 36 months for revolving working capital facilities

• Floating interest rate: 1-, 3- or 6-month EURIBOR (floored at zero in the event of a negative rate). For amortising loans, only 3-month EURIBOR applies.

• Fixed interest rate: 3, 5, 7 or 10 years (available exclusively for amortising loans).

Plus the margin determined by the Bank, the guarantee fee (0.20% on the guaranteed principal amount) and the applicable levy under Greek Law 128/1975.

• For principal repayment loans, the principal is repaid in equal monthly, quarterly or semi-annual instalments, while interest is charged on 30 June and 31 December of each year.
• For amortising loans, repayment is made in equal monthly, quarterly or semi-annual instalments of principal and interest.

The loan may be fully or partially repaid before its maturity date without any penalty or additional charge.

The program is available to SMEs, with fewer than 250 employees (<250) and an annual turnover not exceeding €50 million (≤ €50 million), in accordance with Regulation (EU) 2021/523 establishing the InvestEU Program, as amended from time to time.