ATTICA BANK: Funding of SMEs on favorable terms through the Fair Development Transition Fund (DAM)

« Answer » to the great challenge facing small and medium -sized enterprises to gain access to favorable funding gives yet another financial tool, the « fair development transition » portfolio fund managed by the Hellenic Development Bank SA. – EAT.

Attica Bank participates in the « Fair Development Transition » portfolio fund and helps small and medium -sized enterprises gain access to capital and investment loans on favorable terms, supporting their investment plans and enhancing their liquidity.

The « Fair Development Transition » portfolio is funded by the European Union (Fair Development Transition Program 2021-2027) and aims to strengthen very small, small and medium-sized enterprises operating in the region of Western Macedonia and in the municipalities of Megalopolis, Tripoli, Gortynia and Ichalia of the Peloponnese Region. The DAM Portfolio Fund provides funding on favorable terms to both existing and newly established companies to achieve a smooth and fair transition to the metallnocracy era.

The program provides loans on favorable terms, providing the necessary support to a wide range of small and medium -sized enterprises, which constitute the backbone of the Greek economy. The new loans may also finance the private involvement of the financing scheme of investment projects that have been subject to the grant actions of the Fair Development Program 2021-2027, as well as other support actions in the form of a grant implemented in the DB areas.

There are two funds in this context:

I. The fair development loan fundwhich provides (a) loans of moving closing movement in the context of operation, development or expansion of businesses and (b) investment loans for the implementation of investment projects. Through this fund it is offered:

• Interesting funding for 50% of the loan due to the interest -bearing of the fund’s capital
• Part of part of the interest rate For the remaining 50% of the loan applied by the bank to its capital (up to 3% and for a maximum of 3 years)
• Privileged pricing of loan relating to bank funds

Ii. The Fair Loans Fund Fund of Fair Development Loanswhich provides loans for the implementation of investment projects, depending on the creditworthiness of the business, the type of investment and the institutional framework of state aid. Through this fund it is offered:

• Privileged pricing of the loan, with additional eBranch of part of the interest rate 3% for the two (2) first years of the loan.
• Reduced collateral collaterals, which may not exceed 25% of the loan amount.
• Ability to subsidize guarantee supply.

Applications are submitted initially through the KYC platform (KYC https://kyc.hdb.gr/ of EAT, with the choice of Attica Bank as a cooperation bank. Following the acceptance of the application by the Bank and the sending of the non -binding letter of interest, a new application is necessary to the Integrated State Aid Information System (OPECE), on the site https://opske.gr/again with the choice of Attica Bank as a cooperation bank.

For more information, contact the stores of Attica Bank’s network and find out in the Development Programs – Attica Bank.

The loan is provided through the Portfolio of Fair Development Portfolio (DAM), which is managed by the Hellenic Development Bank (EAT) and is co-funded by the European Union through the « Fair Development Transition 2021-2027 » program