We stand behind business plans and initiatives that promote the country’s infrastructure and growth. We participate in the financing of groundbreaking projects and programmes that give new life to the Greek economy.
Sustainable development projects
Money makes the world go round only when everyone’s moving forward.
Projects with a positive impact on society, the economy and the environment
We contribute to landmark projects that are changing the face of the country, with financing, technical expertise and innovative thinking. Through our experience in structured financing and our flexible processes, we support 5 pillars of the Greek economy:
Groundbreaking projects that create jobs: The Ellinikon development
We are participating in the financing of Phase A for The Ellinikon project, the largest urban regeneration project in Europe, with a positive impact on the economy, society and the environment.
This is a groundbreaking regeneration project that will create 75,000 new jobs and bring considerable benefits to the entire country.
Modern investments respecting the environment: Crete-Attica electrical interconnection
We are providing €200 million to finance the Crete-Attica electrical interconnection, which will be constructed by Ariadne Interconnection Special Purpose SA, a subsidiary of IPTO.
The project has a total budget of €1 billion and will create exponential benefits for the economy and society, turning a decades-old vision into action.
Actions to enhance liquidity in entrepreneurship
We stood by businesses that were impacted by the COVID-19 crisis. Total disbursements to businesses in 2020 stood at €6.4 billion.
Specifically, we participated in the:
- COVID-19 Guarantee Fund granting new loans in the form of working capital, amounting to €1.28 billion in total.
- Working Capital with subsidised interest rate by the Hellenic Development Bank sub-programme, in the context of the Business Financing – Entrepreneurship Fund (TEPIX) II.
- The restart of Greek tourism with the implementation of a package of measures to the amount of €750 million to support the Greek hotel industry.