April 26, 2024 5 min read
Hellenic Development Bank: 3 new financial products activated

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The 3 new financial products of the Hellenic Development Bank - HDB have been activated, as stated in a relevant announcement of the bank.

Specifically, these are:

Green Co-Financing Loans (Green Co-Financing Loans)

With a total of available loan capital of up to EUR 500 million euros for investment financing to SMEs implementing investments:

  • energy upgrading
  • development of green service providers
  • the development of low-emission car charging networks (electric or hydrogen); and
  • investment in renewable energy sources

The ultimate goal is to reduce emissions and protect the environment.

Terms

  • The duration of the loans will be from 2 to 10 years.
  • These will range from EUR 80,000 to EUR 8,000,000.
  • There is a possibility to use a grace period for the first 2 years.

Digitalization Co-Financing Loans (Digitalization Co-Financing Loans)

With a total available loan capital of up to EUR 250 million, the Bank has a total of up to EUR 250 million. for investment financing to SMEs by HDB , for the implementation of investments digitisation and digital upgrading investments of their operations/activities. objective:

  • increasing their productivity
  • their enlargement, and
  • the creation of new high value-added jobs

Terms

  • The duration of the loans will be from 2 to 10 years.
  • These range from EUR 25,000 to EUR 1,000,000.
  • There is a possibility to use a grace period for the first 2 years.

Liquidity Co-Financing Loans with total available loan capital of up to EUR 600 million. for working capital financing for SMEs

Target of the loans are facilitating the smooth operation of the business transaction cycle as well as the addressing the increased energy costs in the current exceptional market conditions (rising energy costs, raw material prices, inflationary pressures); and the protection of jobs, to successfully meet the challenges of modern entrepreneurship.

Terms

  • The duration of the loans will be between 2 and 5 years.
  • The amount of the loan ranges from EUR 10,000 to EUR 1,500,000.
  • There is a possibility to use a grace period for the first 2 years.
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