Minimum interest rate on Greek Recovery Fund loans set to 0.35%

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The Greek finance ministry set a stable 0.35% minimum interest rate on loans to be offered in the framework of the Recovery and Resilience Fund “Greece 2.0”, according to decision taken by Finance Minister Christos Staikouras and Depputy Minister Theodore Skylakakis.

This specific term on interest rates covers all loan contracts expected to be signed between banks participating in the programme and eligible investors.

The interest rate, however, could be higher.

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A total of six credit institutions participate in the “Greece 2.0” programme: European Investment Bank, European Bank for Reconstruction and Development, National Bank, Piraeus Bank, Alpha Bank, Eurobank, Optima Bank and Pancretan Bank.

The Greek government has already set evaluation criteria for investment plans to be included in the Recovery and Resilience Fund, which will cover five pylons: Green transition, digital transformation, innovation-research & development, creating scale economies through partnerships, mergers and acquisitions and extroversion.

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