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NBG provides you with the working capital you need:

  • Via open accounts
  • Against claims
  • Through overdraft facility

For more information, see Details.

Forms of financing your working capital requirements

  • Via open account

        Perhaps you want to offer your customers higher credit terms or enhance timeliness of your payments to suppliers.

        Advantages and features:

    • annually renewed
    • capital repaid at fixed intervals or adjusted to your own transaction cycle
    • repaid capital re-borrowing option
    • interest paid semi-annually
    • floating interest rate, calculated on the base rate for working capital financing.
  • Against claims

             Financing against receivables, enabling you to convert to cash assets such as:

    • receivables from credit card-based sales by interest-free instalments
    • customers’ cheques and bills of exchange
    • on credit sales invoices
    • shipping documents.

             Advantages and features:

    • limits adjusted to your own sales volume and liquidity needs
    • capital repaid at fixed intervals or on maturity of your receivables
    • interest paid semi-annually
    • floating interest rate, calculated on the base rate for working capital financing.
  • Through an overdraft facility

   If you’re looking for an easy way to enhance your liquidity, you can benefit from NBG’s overdraft facility for direct access to cash via your sight deposit account.

          Advantages and features:

    • simple disbursement procedure
    • annually renewed
    • floating interest rate, calculated on the base rate for working capital financing
    • interest paid semi-annually
    • ΕTHΝΟcash PLUS card
    • the account can be operated via our i-bank service.

Interest rates - Charges

Click here to find out about the rates and charges associated with the product.

 

For more information, stop by one of our Branches today!

Basic documentation

  1. The firm’s legalization documents.
  1. For firms that keep B-category account books
  • Tax clearance for the last year
  • Ε1 and Ε3 tax forms for the last 3 years, Ε9 tax form for the year 2005, plus any subsequent changes
  • Current and previous year’s periodic VAT returns (where available)


   For firms that keep C-category account books

    Further to the above:

  • Balance sheets for the last 3 years
  • Recent balance sheet and the balance sheet of the corresponding month of the previous year.

 

Should any further documentation be required, applicants shall be duly informed via their NBG Branch officers.

 

  • Free of charge account statements will be sent to you on a quarterly basis.
  • For tax purposes, a certificate of interest charged will be issued on an annual basis.