The new financing programs between the European Investment Bank (EIB) and the Hellenic Development Bank (HDB), based on new government initiatives, were discussed today by the Vice President of the European Investment Bank, Mr. Kyriakos Kakouris, and the President and CEO of HDB, Mr. George Zavvos.

During the Vice President's first visit to HDB's offices, the positive progress of the financing programs already implemented by HDB with the participation of the European Investment Bank was noted. This collaboration amounts to 400 million euros and has resulted in the creation of three new programs for small and medium-sized enterprises: "Business Liquidity Loans," "Green Co-Financed Loans," and "Digital Upgrade Loans." These programs will collectively provide over 2 billion euros in new loans.

The working meeting was attended by the Executive Vice President of HDB, Mr. Pantelis Tzortzakis, the Director of Financing for Greece and Cyprus at the EIB, Mr. Ioannis Kaltsas, the Director and Head of the Credit Market Products Department at the European Investment Fund, Mr. George Passaris, and managerial staff from HDB.

Among other topics, the objectives and directions for the new co-financing and guarantee programs for Greek small and medium-sized enterprises were discussed, facilitating the implementation of green and digital upgrades, with a particular emphasis on outward orientation and innovation.