Hellenic Bank will offer loans with favorable interest rates to its business customers, participating in the Pan-European Guarantee Fund (PTE) Plan and supporting them in a period full of challenges for themselves and the country’s economy.
The Pan-European Guarantee Fund Plan was set up by the European Investment Bank Group to address the financial implications of the COVID-19 pandemic and to support eligible borrowers by providing them with enhanced access to lending at favorable interest rates.
The facilities received by the eligible borrowers benefit from the support of the EIB guarantee, which was set up by the European Investment Fund with the financial support of the Member States contributing to the EIB.
The PTE Plan covers Business Loans and is aimed at the self-employed, micro, small and medium-sized enterprises and small-medium-sized enterprises that meet specific eligibility criteria, and at the same time are evaluated by the Bank’s internal procedures and policies.
Eligible financing purposes relate to working capital / liquidity needs, investment in assets, business transfers and refinancing of existing loan obligations to Hellenic Bank or other credit institutions.
The amount and time of repayment of the loan will depend mainly on the needs and evaluation of the borrower, as well as the sector of his economic activity, while the interest rate will be reduced compared to a similar interest rate on another business loan with the same characteristics, which would be given outside the PTE plan.
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Source From: Capital
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