The design of new financing tools for investments in businesses up to 20 million euros will proceed in the autumn Hellenic Development Bank .

As the Director-General of the West Souyoutzoglou during a special presentation to the management of the Athens Chamber of Crafts (BEA) the new programs will be directed to three pillars:

• Green growth even for the purchase of mechanical equipment
• Digital upgrade of technological equipment of enterprises
• General investments

As he initially pointed out, the Hellenic Development Bank S.A. (formerly ETEAN), is now being introduced to businesses, as the connecting link in the financial cycle of financing, between the small and medium-sized enterprise and the commercial bank. It bears that part of the business risk that the bank cannot bear.

With evidence cited by Mr. Sougioutzoglou, in 2020 the Development Bank gave 40% of all loans to the market and in 2021, 25%. Totally 8 billion in lending products.

Businesses through Development, ensure cheaper borrowing, due to low interest rates. This is because the Development Bank has state resources and does not aim for business profit. Indicatively, in a loan from the Entrepreneurship Fund (TEPIX II) program, commercial banks cover 60% and Development, 40%.

Then, Mr. Sougioutzoglou, presented the Bank's new products, such as:

• The Loan Guarantee Fund for Audiovisual Production Companies, to provide a guarantee on loans through the cooperating Banks, in order to give access to finance to small and medium-sized enterprises operating in the audiovisual production industry.
• The Innovation Guarantee Fund, which is the first financial instrument aimed at supporting innovative start-ups and existing Micro, Small and Medium Enterprises (SMEs), for the first time, with a loan guarantee and a grant of 20% of the borrowed capital.