EIB Loan for Security & Defence

The purpose of the financing is to support investment projects and/or to provide liquidity to businesses.

The EIB Loan for Security & Defence is a specialised financing instrument for the Security and Defence sector, a field that is gaining increasing strategic importance.

The program enhances companies’ access to targeted financing and supports investments in innovation, dual-use technologies, and productive growth across the respective sectors.

Working Capital to finance expenses such as: 

• Purchase of goods
• Purchase of raw materials

Investment Loan for expenses such as:

• Purchase of tangible and intangible assets
• Research and development
• Building works (construction, renovation and expansion of fixed assets)
• Licenses, software, etc.
  

The financing cannot be used for the refinancing or restructuring of existing loans of the company.

• Investment loan: 2 - 15 years
• Working capital: 2 - 8 years

• Investment loan: up to 36 months
• Working capital: up to 24 months

Euro (€)

• The spread will be reduced at least by 25 basis points per year, when compared with the margin that would apply in the case the loan were funded with the bank’s own resources.
• The spread will be reduced by an additional 20 basis points per year, for loans granted to companies that meet the conditions of the EIB's "Jobs for Youth" initiative, i.e. companies that employ young people between 15 and 29 years old.
• These loans are exempt from the charge payable pursuant to Law 128/75
  

The customer's final interest rate is determined based on the bank's current pricing policy and the customer's Credit Rating assessment.

Monthly, quarterly, semi-annual or annual installments

The installments pay off:

• Interest and principal
• Interest only, if there is a grace period

Early partial or full repayment is possible without any charge.

The amount of the early payment is not re-granted, except in the case of revolving loans.

Visit any Piraeus Bank branch to learn more about the Loans in cooperation with the European Investment Bank as well as the process of obtaining them.

The financings are provided with the support of the European Investment Bank

• Small and Medium Enterprises of any legal form, which employ less than 250 employees (full-time equivalent)
• MidCaps, which employ between 250 and 3.000 employees (full-time equivalent)
• Companies that are located, operate and will invest in Greek territory
• Companies in which the Public Sector or the Broader Public Sector, or a Local Government Organization does not participate in a percentage greater than 25%
• Companies that have an eligible NACE CODE and/or meet the additional Security & Defence criteria of the program
• The programme primarily targets companies operating in the Security and Defence sector, while companies active, indicatively, in manufacturing, wholesale and retail trade, and the provision of services may also be eligible
  

For the eligible NACE CODES, please click here.

For the Security & Defence criteria, please click here.