NBG, in the framework of an agreement with the European Investment Fund (EIF) totalling 1,600,000,000, participates in the financing programme of the Pan-European Guarantee Fund (EGF) for the financing of Small and Medium-sized Enterprises (SMEs) and Small Midcaps. The programme benefits from support from the EGF Guarantee Facility, implemented by the EIF, with the financial support of member states contributing to the EGF.
The Pan-European Guarantee Fund (EGF) is designed to support businesses that have been affected by the effects of the COVID-19 pandemic, but are considered viable in the long term and able to meet their obligations if the economic impact of the pandemic did not exist.
The programme’s funding is provided with the guarantee, at a rate of 70%, of the European Investment Fund (EIF), which acts on behalf of the EGF, and is addressed to Small and Medium-sized Enterprises and Small Mid-Caps with up to 499 employees (in annual work units) and are offered for all funding purposes (implementation of investments, provision of working capital, refinancing of existing loans), through all forms of financing (short- or medium to long-term financing in the form of Lump Sum Loans, Revolving Working Capital Limits and Bond Loans), with three characteristics.First of all, a maximum amount of funding of 5 million euros.Also, a maximum funding period of 10 years, with the possibility of a grace period, and finally a favourable financing rate due to the EIF guarantee.