The CEO of the Hellenic Development Bank, Athina Hadjipetrou, had the opportunity to present the new financial instruments, focused on the implementation of the government policy, in the context of the development, housing, digital and "green" national strategy, in a series of parallel informative events, in TIF.

Financing tools from HDB

Ms Hadjipetrou explained that the Hellenic Development Bank-HDB will make the following four financial instruments available in the immediate future:

• «Development Loan Financial Instrument». In the framework of the new Development Law, an innovative financial tool is designed for micro and small businesses as well as newly established businesses that lack competent financial institutions. financial data for self-financing. With the guarantee of the Hellenic Development Bank, the inclusion of these companies in the new development law 4887/2022 is facilitated. Solutions are provided not only for long-term borrowing but also for grant bridge financing.
• «Green Guarantee Fund for Sustainable Development». The program supports investments focused on: renewable energy sources, energy conservation and the field of e-mobility infrastructure.
• «Digital Guarantee Fund for Sustainable Development». It supports the upgrading of digital infrastructures and the digital transformation solutions of businesses. And this in order to optimize their competitive advantage.
• "Agricultural Entrepreneurship Microloan Fund", for the financing of investment loans with small loans of up to 25,000 euros to agricultural and manufacturing enterprises. Additional 100% interest rate subsidy for two years and consultancy coverage.

In addition, HDB, since last June, has been implementing the new "Innovation Fund" which combines the provision of a guarantee on an investment loan with a grant on successful achievement of innovation and ESG criteria.

• The TIF stand was visited by Prime Minister Kyriakos Mitsotakis, government officials and the American Ambassador George Tsounis. The Hellenic Development Bank-HDB also presented the "Know Your Customer" (KYC) electronic platform. An innovative digital tool that aims to increase the number of businesses that will have access to finance.

The KYC platform acts as a link between businesses, HDB and the country's commercial banks. Businesses requesting funding submit the information and documents that certify their eligibility once. Together they submit their investment plan.

This information will be available simultaneously to all cooperating banks. Thus improving and speeding up the access procedures of all businesses to bank financing.

Adonis Georgiades, Minister of Development and Investment on financial instruments

"I am particularly proud that the Hellenic Development Bank continues to move forward. It expands its financial products, creates new digital tools, strengthening the extroversion and added value of businesses and, above all, increasing business access to financing."

Yannis Tsakiris, Deputy Minister of State for Development and Investment for the new financial instruments

"Today, through the Hellenic Development Bank, the Greek entrepreneur can continue the development and expansion of his business by choosing the financing tool that fits his business plan. HDB today has targeted, innovative financial products that meet the modern needs of businesses. The Hellenic Development Bank-HDB acquires the role that belongs to it in the Greek economy, the necessary ally of businesses".

Nikos Papathanasis, Deputy Minister of Development and Investments

"The Hellenic Development Bank-HDB is an important partner of the Ministry of Development. It has the flexibility but also the experience to operate both independently and in addition to our development plans and programs. It thus contributes decisively to the strengthening of entrepreneurship and the promotion of the competitiveness of businesses".

George Zavvos, new Chairman of the Board of Directors of the Hellenic Development Bank

"The Hellenic Development Bank-HDB is a business example to follow. An example of a rapid internal transformation and at the same time an effective organization that supported the Greek economy in practice when necessary and continues to support responding to the difficult demands of the time towards a fair and sustainable society and economy".

Pantelis Tzortzakis, Executive Vice President of the Hellenic Development Bank

"At HDB, technology and innovation are at the heart of the Bank's operation, but above all in the design of our products, -financial and non-. We are creating hybrid financial tools, which will positively influence SMEs to grow with synergies, to acquire endurance and the required competitiveness and extroversion, with the main objective of increasing the value of Greek businesses and strengthening their presence as well as their competitive advantage" .

Athina Chatzipetrou, managing director of the Hellenic Development Bank

"The new economic reality requires dynamic and synchronized initiatives. At the heart of our strategy is always facilitating the access of all businesses, regardless of the stage of development they are in, to sources of financing. We manage but mainly leverage both public and private sector funds in productive sectors of the Greek economy with the aim of maximizing added value. We continue to work with a strategy, with a plan and with a vision, for the transition to a new era in the Greek economy, human-centered and above all resistant to challenges such as climate change and the energy crisis".