Loans at favorable interest rates from the Hellenic Bank through the Pan-European Guarantee Fund | Stockwatch
Business loans for the self-employed, micro, small, medium-sized enterprises (SMEs) and small mid-cap companies (small id-caps)
Hellenic Bank participates in the Pan-European Guarantee Fund Scheme (EGF) and offers loans at favorable interest rates to corporate clients with the aim of supporting them during a very difficult time for the economy.
The Pan-European Guarantee Fund was established by the European Investment Bank Group in response to the economic impact of the COVID-19 pandemic to support eligible borrowers by providing them with better access to financing at low rates of beneficial interest.
Transactions with eligible borrowers are supported by the EGF Guarantee Instrument, implemented by the European Investment Fund (EIF) with financial support from Member States contributing to the EGF.
The EGF program covers business loans and is aimed at self-employed, micro, small and medium enterprises, and small and medium enterprises that meet specific eligibility criteria and are assessed by the Bank’s internal policies and procedures.
Eligible funding objectives relate to working capital / liquidity needs, investment in tangible and / or intangible assets, business transfers and refinancing of existing debts to Hellenic Bank and other credit institutions.
The amounts and maturities of loans depend mainly on the needs of the borrower, the overall appreciation and the sector of the economy in which the borrower operates, the interest rate being lower compared to the interest rate correspondent of another commercial loan with the same characteristics provided for outside FEM.