TEPIX III Loan Fund: Call for expressions of interest from financial institutions for their participation
Published by Hellenic Development Bank (EAT) Invitation to Financial Institutions for their participation in the Loan Fund (Entrepreneurship Fund) TEPIX III.
The Portfolio Fund was established with the aim of supporting and developing the business activity of SMEs Enterprises in order to address the difficulties access to sources of financing.
The purpose of the TEPIX III Loan Fund is to improve access to financing for businesses, covering a wide range of their financial needs with the aim of strengthening their productive operation, improving processes and produced products & services and by extension improving their competitiveness and their position in the international markets.
It is the continuation of TEPIX II which was financed by the Operational Program “Competitiveness, Entrepreneurship and Innovation” (EPANEK) of the ESPA 2014/20. TEPIX III includes the provision of investment loans to cover investment costs and special purpose working capital, with the co-financing of the Fund-Financial Organization in a ratio of 40:60 respectively and the possibility of subsidizing part of the interest under conditions.
Financial Institutions may express their interest in participating in the Loan Fund by submitting an expression of interest application in accordance with Appendix I of the Invitation by Tuesday 3/26/2024 at 4:00 p.m.. The terms and conditions of participation are described in the Invitation and are specified in the Operational Agreements that will be concluded between the Hellenic Development Bank and the Financial Institution per Fund.
- Date of Issue: 27/02/2024
- First day of submission: 27/02/2024
- Last day of submission: 26/3/2024 at 16:00
- Issuing Authority: Hellenic Development Bank SA
- Invitation Code: 249807
- Budget: 200,000,000 euros
See the Call for Expression of Interest here.