Reduction of interest rates to 100,000 professionals, small businesses and farmers

In order to improve competitiveness, but also to reward 100,000 professionals, small businesses and farmers, with loan balance up to 200 thousand Euro, who, despite the difficulties of recent years, meet their banking obligations, Piraeus Bank proceeds to the reduction of all interest rate margins by one percent (100 basis points).


Creation of a private investment fund for medium and long-term financing of SMEs

The creation of a Private Investment Fund is considered the first of its kind in the country for medium and long-term financing of SMEs. For this purpose, we are in contact with international investment banks and foreign institutional investors. The Fund will initially target to raise 500mil. Euro from international markets, with the participation of Piraeus Bank, and it is estimated that, if all goes well, the whole process will be completed during the first quarter of 2015. The Fund will operate as an independent entity and is estimated to cover a loan up to seven years of investment and development projects of approximately 200 small and medium-sized companies from a total of 2.000 with a turnover of 5-75mil. Euro. We mainly focus on dynamic export businesses, domestic value added and import substitution businesses, businesses with innovative products, capable management and interesting business plan.


Special program for funding of dynamic businesses, with emphasis on those active in innovative products and services

Piraeus Bank is planning a dynamic funding program amounting to € 700 million Euro within the next 12 months, in order to support healthy, consistent and dynamic enterprises with priority given to SMEs, export and manufacturing businesses that have innovative products and services. This program seeks to increase the pre-financing of export businesses and prepayment of orders to Piraeus Bank customers who meet their obligations or to new customers with sufficient creditworthiness. Within the framework of this program, priority is the strengthening of export factoring with additional funding.


Participation in official funding programs of the economy (ETEAN, EIB, EIF and NSRF)

The 2015 Piraeus Bank budget provides the disbursement of 500 million Euro for participation in official financing programs of the economy, such as ETEAN, the EIB (European Investment Bank), the EIF (European Investment Fund) and the NSRF.


New mortgage program, in order to stimulate the construction industry and the real-estate market

To support the construction industry and stimulate the real-estate market, Piraeus Bank has approved a mortgage program amounting to 500mil. Euro within the next fifteen months, for loans up to 300 thousand Euro, with a margin of 3% and a grace period of 1 year. Especially for young couples, the grace period will be two years.


Creation of a center of innovation and entrepreneurship to support new ideas, the axes of innovation and advanced technologies

A Center for Innovation and Entrepreneurship is created, driven by international standards, the main purpose of which is to support business projects whose profitability is based on the extensive application of innovative practices, the implementation of new ideas and the use of advanced technology. Piraeus Bank's initiative is the center to provide full support to projects that will be selected based on specific criteria: from their membership in European funding programs to the credit supply or securing of participation capital. The Committee on the evaluation and selection of projects will include the participation of representatives of large Chambers and production agencies.

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