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Piraeus Bank, in partnership with the European Fund for Southeast Europe (EFSE), announces a new financial agreement aimed at supporting micro, small, and medium-sized enterprises (MSMEs) in Ukraine. Under this program, Piraeus Bank will provide a combined package of up to \u20ac1 million in grants (with a maximum of \u20ac100,000 per client) and \u20ac10 million in loan financing to assist Ukrainian MSMEs affected by the war. This initiative will support their recovery, adaptation, and sustainable growth. The grants are provided by Finance in Motion GmbH through the EFSE fund in cooperation with Piraeus Bank.<\/span>\u00a0<\/p>\n \u201cAt Piraeus Bank, we understand the crucial role MSMEs play in ensuring Ukraine\u2019s economic resilience and post-war rebuilding. Our partnership with EFSE is the next step in strengthening Piraeus Bank\u2019s cooperation with international funds to support Ukraine\u2019s recovery. It <\/i>enables us to improve access to financing and offer tailored financial solutions that reduce project risks, enhance business resilience, address urgent liquidity needs, and support the long-term sustainable development goals of local enterprises,\u201d <\/i>says Yannis Kyriakopoulos, Chairman of the Board at Piraeus Bank<\/strong>.\u00a0<\/span>\u00a0<\/p>\n Agribusinesses Adapting to Wartime Conditions<\/b>: <\/span>addressing substantial losses in agriculture, such as reduced numbers of operating farms, inaccessible or mined land, and export challenges. Piraeus Bank will provide grant-supported financing in the national currency to enhance investment attractiveness and promote sustainable and digital agricultural practices.<\/p>\n MSMEs in De-Occupied and Frontline Areas<\/span><\/b>: supporting businesses heavily impacted by the war, particularly those led by women, internally displaced persons (IDPs), veterans, youth, and people with disabilities. Grants and credit will support asset recovery, job retention, and urgent liquidity needs.<\/span><\/p>\n MSMEs Investing in Critical Economic Reconstruction<\/b>: f<\/span>ocusing on businesses involved in infrastructure modernization, export expansion, and implementation of energy-efficient solutions that are crucial to Ukraine\u2019s economic recovery. This financing will boost business resilience, job creation, and long-term development.\u00a0<\/p>\n Who Can Apply<\/span><\/b>\u00a0 o\u00a0\u00a0 Fewer than 250 employees; and\u00a0<\/p>\n o\u00a0\u00a0 At least one of the following two indicators:\u00a0 o\u00a0\u00a0 Must have a positive operating profit in the 2023 financial year.<\/span>\u00a0<\/p>\n Loan Terms<\/b>\u00a0 o\u00a0\u00a0 the equivalent of up to EUR 1,000,000 in the national currency for long-term investment loans for SMEs (over 3 years)<\/span>, or\u00a0<\/p>\n o\u00a0\u00a0 the equivalent of up to EUR 500,000 in the national currency for loans up to 3 years. A grace period may be provided depending on the nature of the project<\/span>.\u00a0<\/p>\n Grace periods may be granted depending on the nature of the project.<\/p>\n Grant Component<\/span><\/b>\u00a0 Application Process<\/b>\u00a0 This partnership between Piraeus Bank and EFSE reaffirms a shared commitment to rebuilding Ukraine\u2019s economy by empowering local businesses with the tools, resources, and financial support they need to thrive in challenging times.\u00a0<\/p>\n * * *<\/p>\n About Piraeus Bank\u00a0<\/strong><\/p>\n Piraeus Bank in Ukraine is a subsidiary of the largest financial group in Greece – Piraeus Financial Holdings S.A. The Group was founded in 1916 with head office located in Athens, Greece. <\/span>\u00a0 www.piraeusbank.ua<\/span><\/a>\u00a0<\/span>\u00a0<\/p>\n About Finance in Motion\u00a0<\/strong><\/p>\n Finance in Motion structures, manages, and advises almost \u20ac4 billion across 9 funds, all classified as Article 9. These private market funds drive impact for people and planet through regional financial intermediaries, direct investments, advisory and capacity building. Founded in Germany, with local expertise from Latin America to CEE, it has been investing in emerging markets for over 15 years.\u00a0\u00a0<\/p>\nThe initiative targets three priority categories\u00a0<\/strong><\/h4>\n
Eligibility and Key Terms for Piraeus Bank Clients\u00a0<\/strong><\/h4>\n
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\nMicro, small, and medium-sized enterprises registered and operating in Ukraine, including agribusinesses that fall under one of the above categories and meet the following criteria:<\/span>\u00a0<\/p>\n
\n2.1. Annual turnover not exceeding EUR 50 million (or equivalent in other currencies); or\u00a0
\n2.2. Annual balance sheet total not exceeding EUR 43 million (or equivalent in other currencies).\u00a0<\/p>\n
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\nLong-term credit lines with competitive interest rates in the national currency to reduce exchange rate risks. Loan amounts:\u00a0<\/p>\n
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\nGrants are provided to support liquidity, improving the creditworthiness of MSMEs and easing access to financing. The purpose of the loan and grant must align (e.g., investment loan \/ grant for equipment purchase, etc.).<\/span><\/p>\n
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\nInterested businesses can apply directly through Piraeus Bank branches or online channels. Applications will be evaluated based on business viability, potential impact, and alignment with program goals.<\/p>\n
\nPiraeus Bank has been operating in Ukraine since 2007. It promotes entrepreneurship and provides a full range of banking services to corporate and private clients, along with supporting humanitarian initiatives.<\/span>\u00a0
\nCommitted to Ukraine\u2019s recovery, Piraeus Bank is investing in the local economy and expanding its operations.<\/span>\u00a0<\/p>\n