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Emporiki Bank 05/03/12

Emporiki Bank offers new flexible programs for investments in Information & Telecommunications Technologies through JEREMIE III ICT co-funding loans
Summary

Emporiki Bank, in cooperation with the European Investment Fund (EIF) participates in the co-funding loans program JEREMIE III ICT, thus actively supporting the development and expansion of SMEs, mainly through investments in technological equipment

The program is addressed to businesses of IT and Communications, and businesses operating in other industries interested in investing to information and communication infrastructures

The main advantage of the funding provided through the JEREMIE ICT III is the very competitive rate, since 50% of the loan is interest free, due to the co-funding from the European Regional Development Fund and the Greek government, and the remaining 50% is offered with preferential pricing from Emporiki Bank.

Specifically, the new products of Emporiki Bank finance up to 80% of the total project of investment, with a repayment period up to 10 years and possibility of grace period up to 12 months. The amount of these loans fluctuates from € 25,000 to € 500,000 while the loans are available with very competitive final floating rate from 1.93% plus contribution (based on 3-month Euribor at 30/12/2011). Moreover, there is the possibility of security of interest in case of increase of the 3-month Euribor interest rate over 4%.

By participating in JEREMIE III ICT, Emporiki Bank provides to Small and Medium sized enterprises the possibility to effectively exploit the opportunities emerging in the market for investments in IT and Telecommunications Technologies in order to update their operations and enhance their innovation and competitiveness, despite the very difficult economic conditions.

The new integrated pack of financial products is available from Emporiki Bank from 20/2/2012 to 31/10/2013 or until the exhaustion of the amount of € 60 million. The program is intended for all new or existing small and medium sized enterprises and professionals of any legal form that employ up to 250 people, with annual turnover up to € 50 million.

For further information on the new funding programs Jeremie III ICT, please refer to the local Branches and Business Centers of Emporiki Bank, to 801 11 11 247 from fixed line and 210 6505000 from mobile phone or abroad or to the web page www.emporiki.gr , where you can electronically submit your funding request.

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The Group of Emporiki Bank

Emporiki Bank is member of Crédit Agricole, leader in Universal Customer-Focused Banking in France and one of the major banking groups in Europe, with 160,000 employees, 54 million customers and 11,500 branches in 70 countries.

Emporiki Bank has taken a significant hand in the Greek economy for more than 100 years, constituting a reliable partner of domestic households and businesses. Today Emporiki Bank Group employs approximately 5.100 people and has 312 branches and 11 business centers throughout Greece, along with a growing international retail network via the Group’s subsidiaries in Cyprus, Albania, Romania and Bulgaria.

Emporiki Bank, via its wide branch network, which is being upgraded according to the high standards of a new, modern retail branch model, and having the significant know-how and support of its parent company, offers a wide range of innovative products and services covering the current saving, financing and investment needs of its customers in Greece and abroad, where both Emporiki and Crédit Agricole are present.

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Press contact:
Christina Dimoudi / Telephone number: 210 328 2706/
E-mail: dimoudi.c@emporiki.gr

 

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