Recovery Fund: Business agreement signed with Attica Bank for loans

Today, Wednesday, April 3, 2024, the operational agreement between the Greek State, represented by the Deputy Minister of National Economy and Finance responsible for the Recovery and Durability Fund, Mr.Nikos Papathanasis, and her for the exploitation of the loan resources of Greece 2.0. It is noted that prior to the agreement with Attica Bank on loans to the Recovery Fund, similar agreements have been made with the European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB), as well as with the following credit institutions: National Bank, Piraeus Bank, Alpha Bank, Eurobank, Optima Bank and Pagretia Bank. The total resources of the Recovery Fund, following a successful revision of the original plan, amount to EUR 36 billion; EUR 18.22 billion in grants and EUR 17.73 billion in loans; and following the adoption by the European institutions of the first three payment requests concerned, Greece has already received resources of EUR 14.7 billion. The loan resources of the Recovery and Durability Fund are directed exclusively at the private economy. The Recovery Fund loan programme provides low interest loans, as the interest rate on the TAA loan is 0.35% for micro and small enterprises and 1% for medium and large enterprises, while the submission and approval procedures are extremely rapid. In order to be eligible, investments should contribute to one or more of the objectives of Green Transition, Digital Transformation, Innovation, Research and Development, Development of Scale Economics through partnerships and associations and Extroversion.