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€640 million for Greek businesses as EIF and National Bank of #Greece sign new EU guarantee agreements under the #JunckerPlan

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The European Investment Fund (EIF) and the National Bank of Greece (NBG) have signed three guarantee agreements worth €640 million to improve access to finance for small and medium-sized enterprises (SMEs) in Greece. These agreements benefit from the support of the European Fund for Strategic Investments (EFSI), the heart of the Investment Plan for Europe, the Juncker Plan.

Speaking at the signing event in Athens, Migration, Home Affairs and Citizenship Commissioner Dimitris Avramopoulos said: “With today's new financing agreements, the Juncker Plan continues to support Greek companies tangibly and help them grow. From very small businesses and start-ups to mid-sized enterprises, more than 5,000 companies will benefit from loans amounting to €640 million. This makes Greece the top beneficiary of the European Fund for Strategic Investments relative to GDP, and I hope to see many more projects that bring new jobs and sustainable growth in the months to come. The EU continues to support Greece's economy, businesses and, in particular, young and innovative entrepreneurs.”

Full press release is found here. Commissioner Avramopoulos' speech is found here.

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