"The strategic objective of the Hellenic Development Bank is to expand access to finance for small and medium-sized enterprises,"  said the Managing Director of the Hellenic Development Bank-HDB, Ismeni Papakyrillou, at the 5th International Conference of the Hellenic Economic Chamber of Greece, noting that "with the highly favourable financing terms, we are "opening" the door of the financial system to many more small and medium-sized enterprises than in the past.".

Ms. Papakyrillou noted that the new financing tools of the Hellenic Development Bank-HDB offer reduced interest rates, lower or no collateral, a long repayment term, an increased grace period, and low or zero guarantee fees.

"We listen to the needs of the market and evolve our programs," Ms. Papakyrillou stressed. A typical example, she said, is the new Entrepreneurship Fund (TEPIX III) with a total budget of €2.2 billion, which provides the possibility of co-financing capital and interest rate subsidies, low-interest loans for investment projects and working capital, as well as a combination of loan guarantee and interest rate subsidy.

"Hellenic Development Bank-HDB is firmly committed to the objective of supporting SMEs, facilitating their digital and "green" transition, and improving their competitiveness by offering flexible, modern, and targeted financing tools," Ms. Papakyrillou stressed.