Avis: Green leasing solutions with the support of Piraeus Bank

The financing agreement for AVIS‘ investment project was signed, with a total amount of a first phase of 260 million euros, using resources from the Recovery & Resilience Fund and Piraeus Bank.

The investment is funded under the National Recovery and Resilience Plan Greece 2.0 with the funding of the European Union – NextGenerationEU.

Avis’ total investment plan amounts to 760 million euros and will be developed over the next five years.

The investment of the first phase will be financed with funds of 78 million euros from Piraeus Bank, and 130 million from the Recovery & Resilience Fund, taking advantage of the significant potential offered by the program to Greek businesses, and mainly the financing at a competitive fixed interest rate.

The investment plan is part of the Green Transition Pillar and aims to promote Sustainable Development.

“This investment in electromobility falls into the category of sustainable development and the low-carbon economy.It contributes to the reduction of dependence on fossil fuels, the reduction of carbon dioxide emissions, the improvement of air quality especially in cities, the reduction of noise pollution, while at the same time expanding access to electromobility to citizens and visitors of our country. The Recovery Fund through its loan window contributes significantly to the goals of green sustainable growth.”, said Nikolaos Mantzoufas, Governor of the Special Coordination Service of the Recovery & Resilience Fund.

More specifically, it contributes substantially to the achievement of a low-carbon and climate-resilient economy, as it provides for the supply and operation of electric and plug-in hybrid vehicles with very low to zero air pollutant emissions to replace the existing conventional technology fleet.

Piraeus Bank, a pioneer in the financing of investments in terms of sustainability and environmental responsibility, stands by, with the significant contribution of the Resources of the Recovery & Resilience Fund, to the effort of Greek businesses for the transition to a new business era of respect and exploitation of the opportunities of the Green Transition.

The Governor of the Special Coordination Service of the Recovery & Resilience Fund, Mr. Nikolaos Mantzoufas, was also present at the signing of the financing agreement.

“It is an important moment today for Piraeus Bank – the signing of the first contract for lending with the resources of the Recovery & Resilience Fund, an investment that has a substantial contribution to the achievement of the country’s goals for the transition to an economy with respect for the environment and the climate. Piraeus Bank has been a pioneer in these financings for many years and on today’s occasion we must underline that our strategy is harmoniously aligned with that of the Recovery Fund – we will continue to be the Bank of choice for businesses that aim to utilize financial tools such as the Recovery & Resilience Fund for the Green Transition and their Digital Transformation – conditions capable and necessary for sustainable economic, social and environmental development.”, noted Athanasios Vlachopoulos, General Manager, Head of Large Corporate and Wholesale Products of Piraeus Bank.

“The financing by Piraeus Bank and the loan funds of the National Recovery and Resilience Plan “Greece 2.0″ is an important development. It contributes substantially to the national effort for the green transition and tackling climate change.It is part of AVIS’ ambitious investment plan with the aim of accelerating electromobility and drastically reducing carbon dioxide emissions by at least 50,000 tons per year. It confirms the trust in our company and its leading role in green mobility services. Sustainable development, with modern services that respect our environment, ensures a better future for all.”, said Andreas Taprantzis, CEO of AVIS.