The interest rate is variable based on Euribor 3M (capped at zero in case of a negative rate), to which a margin and a contribution under Law 128/75 are added.
Included in de minimis aid (De Minimis Regulation).
All businesses, irrespective of their legal form, which meet the following criteria are eligible:
To be eligible for financing, a company must meet the following criteria, among others:
i. the requested financing will not be used to refinance existing loans,
ii. the investments in tangible or intangible fixed assets to be supported by this financing must be financially viable (under the bank's internal assessment procedures) and not completed or physically performed at the date of the bank's loan approval,
iii. the amount of the loan to be made available for the purchase of land will not exceed 10% of the requested financing,
iv. the requested financing will not finance (a) exclusively financial transactions or investments to acquire real estate when carried out as financial investment activity and (b) consumer spending,
the amount of the loan will not finance activities excluded from the De Minimis Regulation,
v. the Borrower represents and warrants that this financing will not be affected by "irregularity" or "fraud." 'Irregularity' shall mean any infringement of EU legislation or of national law relating to its application, resulting from an act or omission by an economic operator involved in the implementation of the European Structural and Investment Funds, which has, or is likely to have, the effect of prejudicing the EU budget by an unjustified item of expenditure. 'Fraud' includes, without limitation, fraud affecting the financial interests of the European Union as defined in Article 3 of Directive (EU) 2017/1371 of the European Parliament and of the Council of 5 July 2017 on combating, through criminal law, fraud affecting the financial interests of the Union (EU L 198, 28.7.2017, p. 29-41),
vi. in the case of financing of expenditure included in the investment project applied for through other European and EU Structural Funds or another instrument financed from the EU budget, the possibility of financing is provided on the conditions that:
(i) the combination complies with the State aid rules under the current European and EU Structural Funds Regulation and the EU State aid rules,
(ii) separate records shall be maintained for each source of financial assistance,
(iii) the eligible costs financed by the requested funding differ from costs financed by other sources of financial assistance; and
(iv) if the other sources of financial assistance cover the same eligible expenditure, the total of all sources of support/assistance does not exceed the total amount of the expenditure concerned.
|Eastern Macedonia-Thrace, Central Macedonia, Thessaly, Epirus, Western Greece.|| Less developed countries
|Attica, South Aegean Sea||More Developed Regions||29,30%|
|Western Macedonia, Ionian, Peloponnese, North Aegean, Crete, Central Greece||Transition regions||20,40%|
After studying your documents, we will carry out a credit check for your business.
National Bank of Greece in collaboration with the EIF, participates in the EEGGF, financing investments by Small and Medium-sized enterprises operating in Greece. The ESIF ERDF Greece Guarantee Fund “EEGGF is co-financed by Greece and the European Union / European Regional Development Fund, through the EPAnEK Operational Programme. The objective of the EEGGF is to improve access to finance for SMEs, through loss protection provided by the EIF Guarantee to newly originated loans or finance leases for eligible SMEs in Greece.
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