His credits Recovery Fund continue their upward trend, with SMEs currently participating at a rate of 22.5% in the budget of the investment proposals that were submitted banks.

According to data released yesterday Ministry of Finance381 investment projects with a total budget of 12.12 billion euros were submitted for consideration. credit part Fund, which competent statesmen consider its most successful part.

Of the total proposal budget of €12.12 billion, €5.02 billion comes from Fund loans, €4.03 billion from banks and €3.07 billion from investor participation, as of the end of March.

106 loan agreements have already been signed with a total budget of 5.2 billion euros, of which 2.1 billion euros are loans from the Recovery Fund, 1.8 billion euros are bank funds and 1.3 billion euros are bank own funds.

The weighted average interest rate on these 106 loan agreements, according to the Ministry of Finance, is 1.8%, and the average loan maturity is 12 years.

The average interest rate is 1.8% and the average loan term is 12 years.

It is noted that interest rate The recovery fund is more favorable for small businesses. In particular, for very small and small businesses, this is a constant rate of 0.35%, and for medium and large businesses – 1%. Thus, together with the bank rate, the average rate is also at a satisfactory level, while it is 1.8%. Something that is valued by businesses as the cost of borrowing follows the international surge. Also, a relatively simple and short procedure for issuing a loan is considered a component of success.

According to the report, the considered or approved investment projects relate to industry, retail, energy and renewable energy sources, telecommunications, tourism and services.

“The loan portion of the Recovery Fund,” commented Senior Deputy Finance Minister Theodoros Skilakakis, “is the largest financial instrument our country has ever had. And it has dynamically entered the radar of investors, mainly due to favorable conditions for providing loans, at a time when interest rates are rapidly rising internationally.

With regard to the grant part of the Recovery Fund, 3.2 billion euros were disbursed from the Public Investment Program. In addition, according to a recent announcement from the Ministry of Finance, there are currently 267 tenders underway for a total of €3.37 billion.

In total, Greece has already disbursed 11 billion euros from the Recovery Fund for loans and grants and plans to apply for the third tranche of 1.7 billion euros by the end of the month. If this tranche is also paid, it will absorb 40% of the resources to which it is entitled, 31.16 billion euros. In addition, last week he applied for a €5 billion loan under the REPower EU. Under the same program, Greece will also receive almost 800 million euros in grants.