In 2020 we actively demonstrated that the restart of Greek tourism was a priority for us. Today we undertake actions and initiatives to address the new challenges for the sector.
We are standing by Greek businesses, helping them implement their investments through the Recovery and Resilience Facility funds. We enhance their competitiveness with financing solutions that promote sustainability and upgrade their operating model.
In 2020, during its greatest challenge, we designed support measures exclusively for Greek tourism. True to our commitment, we proceeded to:
At the same time, through Business Banking Tourism, we continued to support small- and medium-sized tourism businesses throughout Greece.
In 2021 tourism showed signs of significant recovery and revealed its potential. We are ready for the sector’s next chapter, which is lined with exciting prospects as well as difficult challenges.
We are financing sustainable development projects that strengthen Greece’s infrastructure and promote its image as a tourist destination of choice.
Through modern financing options, we support tourist businesses so they can invest in projects that upgrade their operation in a sustainable manner and enhance their digital transformation.
Working closely with the Greek Tourism Confederation (SETE) and Marketing Greece, we launch initiatives to highlight sectoral needs (e.g. attracting human resources).
For investments in new hotel constructions or expansions and renovations of 4- and 5-star hotels, we have pledged to grant new loans totalling €750 million. We also support your hotel business in gaining access to the Recovery and Resilience Facility (RRF) funds.
This way, you can finance your development plans and investments that promote sustainability, upgrade your services and enhance your international outreach.
We also support your partner ecosystem with the tailored factoring services of Eurobank Factors SA. Through financing of their receivables, your hotel suppliers get instant access to liquidity.
We are creating sustainable financing programmes with benefits for hotel businesses, so they can expand their operations while also reducing their environmental footprint.
Through the Sustainable Business programme, you can secure 0.20% interest rate reduction for outstanding and new business loans. As long as you meet specific ESG performance criteria for your hotel.
Through the Sustainable Construction programme, you can secure 0.25% interest rate reduction for new loans to remodel and/or build new tourist facilities. As long as you receive specific environmental certifications or accomplish a specific reduction in energy demand.
