Partnership with Development Organizations

01

Cosme Covid Open Working Capital POS

  • DESCRIPTION
    Piraeus Bank in cooperation with the European Investment Fund participates in the guarantee tool "COSME" and in the specialized action "COSME_COVID 19", which aims to increase the liquidity of small and medium-sized enterprises affected by the pandemic, with the guarantee of the at 80% of each loan.
  • IDEAL FOR
    • Small & Medium businesses and professionals, with a turnover of up to € 2.5 million, to cover recurring liquidity needs against future receivables from POS sales
  • REPAYMENT METHOD
    Mandatory minimum monthly payment of 5% on the respective balance (interest and capital included)

    • Automatic repayment through the POS

            or

    • Free payment of capital
  • INTEREST RATE
    Variable

    Base Loan Rate (BLR) of Piraeus Bank
    or
    Euribor 1Μ
  • OTHER FEATURES
    • Ability to perform all of the company's payments through this account
    • Ability to use the account through winbank
02

Cosme Covid Working Capital

  • DESCRIPTION
    Piraeus Bank, in cooperation with the European Investment Fund, participates in the “COSME” guaranteeing tool and grants loans to support small and medium-sized enterprises on preferential terms and reduced collateral (guarantee by the Fund for 80% of the loan)
  • IDEAL FOR
    • Small & Medium businesses and professionals, with a turnover of up to € 2.5 million to cover needs for Working capital
  • REPAYMENT METHOD
    • In equal monthly or 3-monthly instalments
    • Payment of capital and interest
  • INTEREST RATE
    Variable

    Base Loan Rate (BLR) of Piraeus Bank
    or
    Euribor 1Μ/3M
  • OTHER FEATURES
    • Ability to perform all of the company's payments through this account
    • Ability to use the account through winbank
03

ESIF- EAFRD Greece Guarantee Facility

  • DESCRIPTION
    Financing the investment plans of Farmers, SMES that are related to processing / marketing and/or development of Agricultural Products, Collective Farmer associations, with favorable terms and conditions with the ESIF- EAFRD Guarantee Facility.
  • IDEAL FOR
    • Farmers, SMEs processing agricultural products, Collective Farmer Associations
  • REPAYMENT METHOD
    • Monthly,
    • 3-monthly,
    • 6- monthly
    • yearly instalments that pay interest and capital
  • INTEREST RATE
    Variable

    based on Euribor + spread
  • OTHER FEATURES
    • The FoF provides 80% guarantee on each loan.
    • Reduced Collaterals
    • Preferential Pricing
04

Cosme Covid Open Working Capital

  • DESCRIPTION
    Piraeus Bank, in cooperation with the European Investment Fund, participates in the “COSME” guaranteeing tool and grants loans to support small and medium-sized enterprises on preferential terms and reduced collateral (guarantee by the Fund for 80% of the loan)
  • IDEAL FOR
    • Covering recurring liquidity needs
  • REPAYMENT METHOD
    Payment of interest only for the capital you have used and Capital repayment at any time
    or 
    Minimum monthly payment of 5% of the outstanding balance
  • INTEREST RATE
    Variable

    Base Loan Rate (BLR) of Piraeus Bank
    or
    Euribor 1Μ/3M
  • OTHER FEATURES
    • Ability to use the account through winbank
05

Loans in cooperation with European Investment Bank
"ΕΙΒ Loan for Youth Employment"

  • DESCRIPTION
    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
  • IDEAL FOR
    Businesses active in indicative sectors:
      
    • Primary sector.
    • Manufacturing
    • Trade
    • Services
    • Tourism
  • REPAYMENT METHOD
    • In 3-monthly, 6-monthly or annual instalments that pay interest and capital or capital
  • INTEREST RATE
    Variable

    based on Euribor

    + Margin
  • OTHER FEATURES
    • Exception from the charge payable pursuant to Law 128/75
    • Favourable pricing for eligible businesses
    • Additional favourable pricing for companies that support youth employment (15-29 years)
06

ESIF ERDF Greece Guarantee Fund (EEGGF)

  • DESCRIPTION
    Piraeus Bank in cooperation with the European Investment Fund participates in the guarantee instrument of the Investment Guarantee Fund (EEGGF) and grants loans to support small and medium-sized enterprises with preferential terms and reduced collateral
  • IDEAL FOR
    Small and Medium Enterprises and Professionals with the aim of enhancing liquidity and the implementation of investment plans
  • REPAYMENT METHOD
    • With equal monthly or quarterly or semi-annual interest-bearing installments(capital and interest)
  • INTEREST RATE
    Variable

    based on Euribor
  • OTHER FEATURES
    • Grace Period up to 2 years
    • Early repayment free of charge
    • Fund guarantee for 80% of the loan
    • Collateral up to 40% of the loan amount
07

Guarantee Fund for COVID 19

  • DESCRIPTION
    Piraeus Bank in cooperation with the Hellenic Development Bank provides Working Capital loans, with a guarantee rate of 80% of each loan, offered by the Guarantee Fund for COVID 19. These loans aim to support the economic activity of the enterprises that have been affected by COVID 19.
  • IDEAL FOR
    SMEs and Large Corporate Enterprises that aim to reinforce their liquidity needs due to the pandemic
  • REPAYMENT METHOD
    • In monthly or 3 monthly or 6 monthly instalments
  • INTEREST RATE
    Variable

    based on Euribor
  • OTHER FEATURES
    • The Fund offers its guarantee up to 80% for each loan.
    • Guarantee Fee can be subsidized by the Fund
08

EaSI Piraeus Microloan

  • DESCRIPTION
    Piraeus Bank, in cooperation with the European Investment Fund, participates in the “EaSI” guaranteeing tool and grants loans to support very small businesses and vulnerable groups on preferential terms and reduced collateral
  • IDEAL FOR
    Very Small businesses and professionals, with a turnover of up to €2 million to cover needs for:

    • Working capital or/ and
    • Investments in tangible or intangible fixed assets
  • REPAYMENT METHOD
    In equal monthly instalments Payment of capital and interest
  • INTEREST RATE
    Variable, based on the Base Loan Rate
    (BLR)
    of Piraeus Bank
  • OTHER FEATURES
    • Capital Grace Period (with interest only paid) up to 12 months
    • Early repayment option- no fee applies
09

EaSI Farmers’ Microfinance

  • DESCRIPTION
    Financing for farmers to cover the needs of agricultural production and for implementing investment plans
  • IDEAL FOR
    Farmers* to cover needs for:

    • Working capital or/ and
    • Investments in fixed assets


    *which meet the definition of micro-enterprise and are not operating in restricted sectors
  • REPAYMENT METHOD
    In monthly, 3-monthly, 6-monthly or annual instalments
  • INTEREST RATE
    Variable, based on the Base Rate for Farmers’ Loans
    (BRF)
    plus margin, plus the Law 128/1975 levy, currently at 0.12% or 0.6% depending on the farmer’s main business activity.
  • OTHER FEATURES
    • Capital Grace Period (with interest only paid) up to 12 months
    • Early repayment option- no fee applies
10

Extroversion Program

  • DESCRIPTION
    Working Capital in partnership with the Export Credit Insurance Organisation (ECIO) to finance exports.
  • IDEAL FOR
    • Exporting businesses
  • REPAYMENT METHOD
    • Capital: as soon as the invoices for sales abroad have been paid
    • Interest: every 3 months, only for the capital you have used
  • INTEREST RATE
    Fixed rate at 2.55%
    current value 

  • OTHER FEATURES
    • Free Autopay for OTE, PPC, EYDAP