National Bank of Greece and the Panhellenic Hoteliers Federation (POX) are joining forces in a strategic partnership aimed at financial strengthening, operational flexibility, and sustainable growth of the Federation’s member hotel businesses.
The partnership was built on meaningful dialogue with the hoteliers themselves and a deep understanding of the real challenges facing businesses in the sector today, laying the groundwork for solutions with tangible value and long-term impact. The result of this process is the creation of a unified framework of Business Banking solutions and services, tailored to the needs of more than 10,000 hotel businesses, the majority of which are small and medium-sized enterprises.
Key benefits of the partnership
More specifically, POX members gain access to a comprehensive package of banking services on preferential terms, designed based on the actual needs and specific characteristics of hotel businesses. This package offers solutions for day-to-day operations, financing, liquidity, and staff insurance, such as:
- Preferential financing rates
- Financing with a grace period of up to 18 months and a term of up to 20 years
- Liquidity support of up to €70,000 through “POS Financing,” without collateral
- Special discounts on financing assessment fees
- 50% fee reduction on incoming and outgoing transfers via Internet Banking
- Preferential POS transaction clearing rates starting at 0.60%
- Flexible financing programs with the option of a grace period
- 30% discount on fees for issuing letters of guarantee
- Preferential payroll and group employee insurance programs
At the same time, to provide immediate, faster, and targeted support to POX members, National Bank has created a dedicated communication hub exclusively for hotel businesses, providing personalized consulting and guidance—from day-to-day operations to strategic planning and investment implementation. This support continues and is further specialized through a broad network of branches throughout Greece, ensuring a unified and seamless service experience for every hotel business.
As noted by the President of the Panhellenic Hoteliers Federation, Mr. Ioannis Hatzis, this partnership addresses essential needs of the industry:
“The partnership with National Bank of Greece is a strategic move that decisively addresses a long-standing obstacle for hotel businesses: insufficient access to modern financing tools. The Panhellenic Hoteliers Federation, with a steadfast focus on the real needs of its members, seeks solutions that strengthen liquidity, increase financial flexibility, and create real conditions for growth. The hotel sector is a pillar of the Greek economy, and strengthening its financial base is not merely a necessity but a prerequisite for it to continue evolving, investing, and supporting the country’s growth.”
Referring to the philosophy of collaboration, Mr. Konstantinos Kanavos, Head of Business Banking & Key Accounts Segments at National Bank of Greece, stated:
“At National Bank, we approach the hotel industry with a distinctly customer-centric philosophy. Through a modern, outward-looking, and advisory Business Banking model, and with the support of our Professional Advisors, we offer specialized solutions tailored to the needs of each hotel business, with a particular focus on Small and Medium-sized Enterprises.”
Through this strategic partnership, National Bank of Greece reaffirms its role as a key institutional partner of Greek entrepreneurship, supporting Greek hotel businesses, a sector of vital importance to the national economy.