Eurobank has received approval from the Ministry of Finance for the disbursement of the eighth tranche of the Recovery and Resilience Facility (RRF), amounting to 300 million euros. This followed the credit institution meeting the required targets set in the Operational Agreement signed with the Greek government.
With this latest tranche, Eurobank has now managed a total of 2.2 billion euros through the RRF within two and a half years since the program began. Acting as an intermediary financial institution, the bank has been channeling funds to businesses of all sizes across Greece, supporting investments through the loan segment of the RRF.
Currently, the bank is financing 87 investment projects with a total budget of 6.9 billion euros, utilizing 1.79 billion euros in RRF funds and an additional 1.27 billion euros from loans granted in parallel for these initiatives.
Working closely with the Greek government and the Ministry of National Economy and Finance, which oversees the RRF, Eurobank prioritizes the optimal use of the program’s resources by the domestic business community.
It offers its corporate clients the expertise and extensive experience of its specialized personnel to facilitate investment opportunities.
Committed to the RRF’s “green” and “digital” transformation objectives, as well as the enhancement of Greek businesses’ international presence, the bank is proceeding immediately with the allocation of the eighth tranche.
The program’s funds are being directed to various sectors, including renewable energy sources, electric mobility, telecommunications infrastructure, wholesale and retail trade, battery production, tourism, pharmaceuticals, food and beverage manufacturing, and electronic services.