Increasing the number of businesses that will have access to bank financingby about 60,000, will allow – according to his estimates Ministry of Development– new tool Know Your Customer (KYC – Know Your Customer) moving forward Hellenic Development Bank (EDB) and starts immediately. Through KYC, businesses will be able to “introduce themselves” to banks that have applied for funding. The platform will ensure compliance with the requirements of interested businesses by checking their tax and insurance compliance, as well as their financial behavior in Teiresia, thereby improving small business access to the banking system and expanding business candidates for financing.

The new tool was presented at a special event organized yesterday by ETA in the presence of Prime Minister Kyriakos Mitsotakis and the leadership of the Ministry of Development. In a statement, the prime minister said that “the government has supported the real economy and will continue to do so, because that is where the heart of Greek reality beats”, while adding that “the big problem is to finance this entrepreneurship that does not have access to loans “. As Minister of Development and Investment Adonis Georgiadis explained, through KYC, ETA will assess small businesses in terms of tax and insurance awareness instead of banks, as well as provide guarantees to banks to provide loans to businesses they are engaged in. “We will do the work for the banks, we will provide credit and open the doors for businesses in the banking system to ensure growth, jobs and business equity, as these businesses have been excluded due to the dysfunction of the system,” they stressed. Mr Georgiadis. It is expected that the new instrument will be put into operation in about a month after the signing of the relevant agreements with banks.

During the presentation of the €2.5 billion ETA financing program, the president of the bank, Giorgos Zavvos, emphasized that the goal is access to financing for small and medium-sized enterprises, the transition to a green and digital economy and the strengthening of extraversion. For her part, EBA Managing Director Athena Chacipetra emphasized that the KYC platform expands the number of financed businesses, as it connects business requests with EBA financial instruments and addresses them to all cooperating banks. He also added that “data as a product is a business analysis tool that allows you to provide more targeted business solutions”, and emphasized the multiplier nature of the bank’s programs, since “three times more resources are involved for every euro of funding”. .

Lack of previous experience, competition, as well as the skills (soft skills, hard skills) that companies are looking for, are the biggest challenges of the new generation, a generation that is trying to combine the passion for what they learn with the needs, but also the high demands of the market. labor.