Responding to the market needs, the Deputy Minister of National Economy and Finance, Nikos Papathanasis and the CEO of Hellenic Development Bank-HDB, Athena Hadjipetrou proceeded to signing of the agreement on the reallocation of resources between the three Funds of the Business Growth Fund Portfolio Co-Investment Fundin order to reinforce resources from the Enterprise Liquidity Fund.

Due to the great impact of the Enterprise Liquidity Fund, the funds were exhausted. With this agreement, the Fund providing working capital with the possibility of an interest rate subsidy for two years for firms that had not previously participated in HDB schemes, is again available with aiming at enhancing the liquidity of enterprises.

The resources of the Enterprise Liquidity Fund increased by 54 million euros, which means that the additional available portfolio of the programme 129.6 million. euros.

Liquidity Fund - The 3 Funds of the Business Growth Fund

It is recalled that in May 2023 the 3 Business Growth Fund Funds were activated:

1. Green Co-Financing Loans (Green Co-Financing Loans)
2. Digitalization Co-Financing Loans (Digitalization Co-Financing Loans)
3. Liquidity Co-Financing Loans (Liquidity Co-Financing Loans)

through the launch of funding applications on HDB's Know your Customer /KYC platform.

The KYC by HDB platform makes it easier for businesses that until now have remained on the sidelines of bank financing, to submit their application -once and for all- and then be accepted by any bank they choose, at no cost, without time-consuming procedures.

Business interest was particularly high with applications for funding submitted to the HDB's KYC platform being exceed 12,000 for loans of 2.5 billion. euros.