Loans in cooperation with European Investment Bank under the Pan-European Guarantee Fund (EGF)

Piraeus Bank in cooperation with the European Investment Bank participates in the EGF Guarantee Instrument and grants loans to support Large Corporate and Μidcaps with preferential terms.
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
  • Exemption from the charge payable pursuant to Law 128/75
  • Fund guarantee for 75% of the loan
  • Favorable pricing for eligible businesses
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
  • Exemption from the charge payable pursuant to Law 128/75
  • Fund guarantee for 75% of the loan
  • Favorable pricing for eligible businesses

Eligibility criteria

  • "MidCaps", defined as enterprises that are not SMEs and with less than 3000 employees (full-time equivalent).
  • Large Corporates, defined as enterprises with at least 3000 employees (full-time equivalent)
  • Enterprises that are located, operate and invest in Greek territory
  • are not an undertaking in difficulty as defined under the Communication 2014/C 249/01

For the eligible NACE CODES please click here

For the eligibility criteria please click here

Financing features

In order to overcome the financial outcomes of outbreak of COVID-19, this funding line was created in cooperation with European Investment Bank (EIB) so as to provide working capital and investment loans (only for Midcaps) to all the eligible enterprises.

Working Capital loan can finance expenditures such as the purchase of goods & raw materials.

Investment Loan can finance, indicatively, the following expenditures:

  • Purchase of equipment
  • Research and development
  • Purchase, renovation or extension of tangible assets, including the development and planning during the construction phase
  • Purchase, renovation or extension of tangible assets, including the development and planning during the construction phase

This funding can not be used to refinance or restructure of existing business loans.


Loan Amount & Duration

  • Loan amount: up to €20 mil
  • Loan Duration: 1 month to 6 years


Interest Rate

Euribor + Margin:

  • Exemption from the charge payable pursuant to Law 128/75


Repayment method

In 3-monthly, 6-monthly or annual instalments that pay interest and capital or capital, such as bullet or balloon repayments


Disbursements

One-off or Partial instalments.

The allocation of the Program expires on 31.12.2022, unless the budget of the program is depleted earlier.

How to get it

To learn more about Loans in cooperation with European Investment Bank under the European Guarantee Fund (EGF) and how to get it:



"Final Recipient Transaction benefits from support by the EGF Guarantee Instrument, implemented by the European Investment Bank with the financial backing of the Member States contributing to the EGF".