The Recovery and Resilience Fund (RDF) proceeded with the approval of the disbursement of the second tranche of 200 million euros at Piraeus Bank. following the successful absorption of the initial capital allocated to it under the Operational Agreement between the Greek State and the Bank.

This confirms Piraeus Bank's support to the financing of businesses with growth vision, extroverted character and innovative investment plans within the framework of the key pillars of the National Recovery and Resilience Plan "Greece 2.0".

To support the actions of the Recovery Fund, Piraeus Bank has specialised human resources and expertise for the immediate evaluation and implementation of eligible business investment projects, thus contributing to the reconstruction of the production model and the strengthening of the growth prospects of our national economy, with a clear footprint on Green Transition and Digital Business Transformation of the country.

Piraeus Bank, as part of the first phase of the Recovery Fund, proceeded with the 468 million in investment project financing. euros to which they relate:

• the expansion and modernisation of outward-looking manufacturing enterprises
• the supply of electric vehicles to the tourism sector
• the digital upgrading of business infrastructures in the maritime sector
• and the strengthening of e-commerce

The investments are implemented throughout the Greek territory with emphasis on the Region.

Piraeus Bank has initiated the financing of a large number of investment projects. Emphasis is placed on small and medium-sized enterprises, for investments that enhance the country's energy security and support extroversion and the digital character of business. The bank aims to the immediate absorption of the EUR 200 million euros the second tranche of Recovery Fund resources.

From the Recovery and Resilience Fund, the country has secured for the almost 30.5 billion in the 2021/26 period. euros. From this amount 11,7 billion euros relate to debt financing.

Eligible investments in the following pillars can be financed through the loans of the CDF:

• Green transition
• Digital transformation
• Innovation - research and development
• Developing economies of scale through partnerships, acquisitions and mergers,
• Extroversion

Businesses wishing to be informed in detail about the terms, conditions and the procedure for applying for funding can contact the Piraeus Bank branch network or visit its website in the "Development Banking" section.