The Eurobank CEO, Mr Fokion Karavias, mentioned, “Leading in the support of companies and in the economic restart is a top business priority for Eurobank. Providing support to the hotel industry – to ALL hotels, large, medium and small – is crucial for the country and for the economy’s outlook.
Eurobank is the Bank of Greek Tourism. Not just for the sunny days. We are the Bank of Greek tourism even in difficult times.”
Support measures designed exclusively by Eurobank
- Freezing capital instalments until 31/12/2021 for hotel business loans that had no overdues as of 31/12/2019.
- Providing direct liquidity for working capital covering the entire needs for 2020. This way, we also make the most of any liquidity support measures introduced now or in the future.
- Providing this year the working capital required for restarting in 2021.
- Continuing to finance approved investments in the hotel industry with €300 million.
- Offering exclusively to all tourism companies a discount for the COVID-Shield certification scheme, which is the first integrated certification scheme, verifying that a company implements properly all required measures to prevent the spread of coronavirus, in partnership with recognised international certification organisation ΤÜV AUSTRIA. We help businesses manage the cost of adjusting to the new conditions and get the certification flag at an affordable price.
All these are offered under certain terms and conditions.
Supporting industries that have taken a hit
Through its initiatives and support measures of €750 million, of which €200 million is for freezing instalments for 2 years, €250 million for providing liquidity and €300 million for financing new investments, Eurobank supports businesses of all sizes that fall into its performing hotel loan portfolio (as of 31/12/2019).
To be eligible, a company’s loans must be performing and have no overdues as of 31/12/2019.
To learn more about the new support measures Eurobank adopted for tourism, as well as all available options for your business, contact the officer that serves you.
Find out who to contact if you do not already have a banking relationship with Eurobank .
We aim to help our clients face these difficult times, making the most of all available means.
People often ask about support measures for tourism
I am not a Eurobank client. Can I benefit from these privileges?
These privileges apply to hotel businesses that either already are or are about to become Eurobank clients. The only exception to this is the 2-year freezing of the capital instalments for hotels in 2020 and 2021, which only applies to clients that have already received loans from Eurobank.
The TÜV AUSTRIA certification privilege applies to all tourism businesses that either already are or are about to become Eurobank clients.
Privileges relating to financing only apply to hotel businesses that either already are or are about to become Eurobank clients (with the exception of capital instalment suspension for hotels for 2020 and 2021, which only applies to clients that have already received loans from Eurobank).
The TÜV AUSTRIA certification privilege applies to all tourism businesses that either already are or are about to become Eurobank clients.
The TÜV AUSTRIA COVID-Shield certification scheme is the first integrated certification scheme in the world relating to measures against the coronavirus. On our initiative and in partnership with ΤÜV Austria, our clients enjoy a discount.
It applies to businesses operating in hospitality (hotels, accommodation), catering, medical services, food preparation and processing, transports and supply chain, retail, sports, public services, educational facilities, schools and facility management.
This new certification scheme applies to all businesses whose operation entails coming into contact with people, confirming that they: Take all required measures.
- Implement appropriate procedures and practices to prevent the transmission of the virus.
- Provide the means required for the implementation of such procedures.
- Have properly trained staff.
- Inform and guide in an appropriate way all people visiting or staying at the business premises to prevent the transmission of the virus.
It applies to the entire HORECA industry.
Who should I contact to get more information about the privileges Eurobank offers to tourism businesses?
Small and Medium Businesses
Small and medium businesses can fill in the application form for tourism support measures.
If you already have a banking relationship with Eurobank, contact your Business Advisor.
Corporate Banking
Corporate Banking businesses (businesses with a turnover over €5 million) may contact the Hotel and Leisure Finance Unit at +302144059635 and +302144059682.
If you already have a banking relationship with Eurobank, contact your Relationship Manager.
