BUSINESS

Loans to SMEs via National Bank

TAGS: Economy

National Bank of Greece will channel 100 million euros in financing to over 350 small and medium-sized enterprises in Greece through loans with favorable terms including reduced collateral requirements and low interest rates.

SMEs will be able to borrow a minimum of 10,000 euros up to a maximum of 1.5 million euros in this first in a series of actions by National Bank for SMEs.

The loans will be issued in the context of the European Union’s COSME program, utilizing support from the European Fund for Strategic Investments, which comprises the core of the Investment Plan for Europe.

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