The National Bank of Greece continues to provide tangible support to Greek small and medium-sized enterprises (SMEs) and small mid-cap companies (Small Mid-Caps), strengthening its partnership with the European Investment Fund under InvestEU.
The successful use of the initial funds under the guarantee agreement between the National Bank of Greece and the European Investment Fund for InvestEU helped meet businesses’ investment and working capital needs.
Against this backdrop, the following programmes will continue to be offered, with their budgets increased using additional resources freed up by the Greek state, under the existing agreement between the National Bank of Greece and the EIF:
RRF GR SME Competitiveness, to support business competitiveness.
RRF GR Sustainability Product, to help businesses move towards a more sustainable growth model by adopting environmentally friendly practices.
RRF GR Innovation and Digitalisation Product, to promote research, innovation and the adoption of digital technologies.
The European Investment Fund’s guarantee makes it easier for businesses to access finance on favourable terms through the programmes, including low interest rates and no or reduced collateral requirements, supporting their growth prospects. In particular, the RRF GR SME Competitiveness programme provides substantial additional resources to meet businesses’ financing needs promptly.
Commenting on the strengthened partnership between the National Bank of Greece and the European Investment Fund, Panagiotis Leftheris, Assistant General Manager of Corporate and Investment Banking at the National Bank of Greece, said:
“This agreement marks the relaunch of InvestEU SME Competitiveness, a particularly attractive and effective guarantee programme for Greek SMEs. The new round, with a significantly larger budget, comes at the right time to meet substantial needs for working capital and funding for investment projects.
We believe it will be a key financing tool for SME growth, supporting productivity, internationalisation, and their green and digital transitions. The success and rapid take-up of the previous round make us particularly optimistic about the potential of the new programme”.
Businesses interested in learning more can visit the National Bank of Greece website, contact their relationship manager or speak to a member of staff at one of the bank’s branches.