The operational agreements between the Ministry of Finance and six domestic credit institutions for the use of loan resources from the Greece 2.0 Recovery and Resilience Fund. More specifically, the six agreements were signed, in the context of an online event, the Deputy Minister for Finance, Thodoros Skylakakis and representatives of the following credit institutions:

• National Bank of Greece
• Piraeus Bank
• Alpha Bank
• Eurobank
• Optima Bank
• Pancretan Bank

Under these agreements, they will be disbursed, immediately, 970 million euro to Greek credit institutions. It is recalled that similar contracts have been signed with two international financial institutions, the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB), for which disbursement is expected. A further EUR 600 million euro. Therefore , €1.570 billion euros It will be, immediately, available to finance investments in the Greek territory.

Under the procedure foreseen by the Recovery Fund, within 30 working days, these six domestic credit institutions will issue calls for expressions of interest to investors wishing to receive loans from Greece 2.0 for the implementation of their projects. At the same time, in the coming days there will be an invitation addressed to other credit institutions in the country that have not participated in this scheme so far.

Objectives for the Recovery Fund

To be eligible, investments must contribute to one or more of the following objectives:

1) green transition,

2) digital transformation,

3) innovation - research and development,

4) development of economies of scale through collaborations and mergers

5) extroversion.

The use of loans from the Greece 2.0 Recovery and Resilience Fund is available to all businesses interested in investing in Greece and is expected to contribute significantly to the acceleration of economic recovery and growth. The loans will be directed towards long-term sustainable private sector investments, which will have a positive expected rate of return.

It is recalled that out of the EUR 30.5 billion, euro of Greece 2.0, the 12.7 billion euro relate to loans. the remaining EUR 17.8 billion euro in subsidies. The total amount for investments and reforms to be mobilised, through leverage, is expected to exceed EUR 60 billion. euro.

Deputy Minister for Finance, mr Thodoros Skylakakis

"Today's signing of the operational agreements of the Ministry of Finance, with six banks of the country, including the four systemic ones, raises the amount that will be channeled, directly, to the Greek economy, from the Recovery Fund, at €1.570 billion. euro. This is one of the largest, if not the largest Programme, under all the National Recovery Plans in Europe. From the utilization of the loan resources, the private investments that will be implemented, concern a number of sectors of the economy and will contribute, catalytically, to the faster transition of Greece to permanent and sustainable growth".