Piraeus Bank loans in cooperation with European Investment Bank under the covered bond issuance

Financing SMEs and Μidcaps (up to 3.000 employees) in the form of working capital and/or investment loans with favourable terms in cooperation with European Investment Bank and the support of European Fund for Strategic Investment.
IDEAL FOR
Businesses active in the following indicative sectors:
  • Primary sector
  • Manufacturing
  • Trade
  • Services
  • Tourism
REPAYMENT METHOD
  • Instalments that pay interest and capital or capital
INTEREST RATE
Preferential Pricing for eligible enterprises
OTHER FEATURES
  • Exception from the charge payable pursuant to Law 128/75
IDEAL FOR
Businesses active in the following indicative sectors:
  • Primary sector
  • Manufacturing
  • Trade
  • Services
  • Tourism
REPAYMENT METHOD
  • Instalments that pay interest and capital or capital
INTEREST RATE
Preferential Pricing for eligible enterprises
OTHER FEATURES
  • Exception from the charge payable pursuant to Law 128/75

Eligibility criteria

Through this cooperation, it is possible to finance working capital or/ and medium to long term investment loan. The maximum loan amount is € 12,5 million and can be used to cover expenses for:


  • Investment expenses (purchase, renovation and extension of fixed assets)
  • Purchase of equipment
  • Research and development
  • Purchase of goods and raw materials
  • Operating expenses (rents, payroll, accounts)

Financing features

Interest Rate

The final rate will be lower than the rate the company would have, had it been funded by the Bank’s own funds.



Repayment

  • Payment of interest and capital or capital.



Eligible Beneficiaries


  • All types of Small and Medium Enterprises which employ less than 250 employees
  • Midcap enterprises employing between 250-3000 employees irrespective of turnover and total assets.
  • Enterprises that are located, operate and invest in Greek territory

Restricted sectors:

  • Real estate activities
  • The production of and trade in tobacco
  • The production of and trade in weapons and ammunition of any kind
  • Casino and equivalent enterprises
  • Activities relating to the use of living beings for experimental or scientific purposes
  • Activities that have a negative impact on the environment and which are not offset..
  • Areas that are considered morally and ethically controversial, such as human cloning
  • Activities relating to financial transactions