Piraeus Bank: “Piraeus Hotel Financing” exclusively for hotel businesses
The Piraeus Bank, supporting the tourism industry, has exclusively for the hotels business the new financing tool “Piraeus Hotel Financing”, supporting the efforts to modernize and strengthen their sustainability, with specialized solutions.
What is included in the “Piraeus Hotel Financing” of the Bank of Piraeus
- Green Co-financed Loans, in collaboration with the Hellenic Development Bank: it is possible to finance green investments, enterprises and reduce energy consumption, with interest-free financing for 40% of loan, combined with preferential terms and a two-year interest rate subsidy for the remaining part.
- I save – I do business: the hotel business is given the possibility to participate in investment aid programs of the Recovery and Resilience Fund, especially for energy efficiency expenses. Key pillars of the program’s actions are the energy upgrade of the building infrastructure with interventions, among others, in the building shell, the upgrade of internal electrical installations, the upgrade of cooling/heating systems, the upgrade or integration of new materials and equipment to reduce energy losses, the upgrade of lighting equipment and the installation and certification of energy management systems and automation devices.
- Working Capital: Piraeus Bank covers the needs of the business for the restart of the new tourist season with Working Capital, which is provided with preferential pricing.
Piraeus Bank expands the range of products and services available for tourism businesses, recognizing the importance of the industry as a driver of sustainable development of the Greek economy.
More information about Piraeus Hotel Financing here.