Since 2001, the EIF has backed over 35,000 Greek SMEs, mobilising €13.35 billion. Partnering with Alpha Bank, Eurobank, Piraeus Bank, National Bank of Greece and Hellenic Bank amongs others, the EIF has rolled out equity, guarantees, securitisation, microfinance and advisory tools.
The EIF has stood by Greek SMEs through major economic shifts by implementing key programmes including JEREMIE, InnovFin, InvestEU and RRF-backed schemes. Under the “Greece 2.0” plan, new guarantees target Greece’s green and digital transition, keeping finance flowing to start-ups, micro-enterprises and innovative SMEs.
“The olive orchards are literally just above the site of ancient Olympia,” says Manolis Zacharioudakis, founder and CEO of Ellive—a family venture launched in early 2020 that produces high-quality olive oil with low acidity and a delicate aroma.
An EU-guaranteed loan from Piraeus Bank, backed by the EIF under the Investment Plan for Europe, supported their digital marketing efforts and helped grow their customer base internationally.