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HDB Reactivates Tepich III Loan Fund, Offering €250 Million to Greek SMEs
The Hellenic Development Bank (HDB) reactivated the Tepich III loan fund on February 10, 2025, offering over €250 million in new loans to Greek SMEs through its KYC and OPSKE platforms, following the disbursement of over €450 million in previous loans.
- What is the immediate impact of the Tepich III loan fund's reactivation on Greek SMEs?
- The Hellenic Development Bank (HDB) reactivated the Tepich III loan fund on February 10th, 2025, offering over €250 million in new loans to SMEs. Applications are submitted through KYC and OPSKE platforms. This follows the disbursement of over €450 million in previous loans.
- How does the Tepich III fund structure incentivize both borrowers and lending institutions?
- The Tepich III fund provides 40% interest-free capital and subsidizes interest rates on the remaining 60% for the first 1-2 years. Eligible SMEs can apply for multiple loans up to €1.5 million total, using either De Minimis or GAIA state aid schemes. This program leverages bank capital and targets business investment and working capital.
- What are the potential long-term effects of this program on the Greek economy and the overall business climate?
- This relaunch addresses a demand exceeding initial funding. The HDB's strategy focuses on stimulating SME growth via accessible financing and partnerships with numerous Greek banks. The program's success hinges on the efficiency of application processing and the availability of bank capital. The disbursement deadline is 31.12.2029.
Cognitive Concepts
Framing Bias
The announcement is framed positively, highlighting the increased budget and potential benefits for SMEs. The language used emphasizes the positive aspects of the program without mentioning any potential downsides or limitations. The headline (if there was one) would likely reinforce this positive framing.
Language Bias
The language used is largely neutral and factual, focusing on the details of the loan program. However, phrases like "significant increase" and "potential benefits" carry a slightly positive connotation, suggesting an inherently beneficial program without fully acknowledging any potential drawbacks.
Bias by Omission
The provided text focuses heavily on the mechanics of the loan program and eligibility criteria, but lacks information on the potential societal impact or the needs the program aims to address. There is no discussion of potential drawbacks or criticisms of the program. This omission could limit the reader's ability to form a fully informed opinion.
False Dichotomy
The text presents a straightforward application process without exploring alternative funding sources or the potential challenges SMEs might face in securing loans, even with the program's assistance. This might create a false impression of ease of access to funding.
Sustainable Development Goals
The program provides €250 million in loans to SMEs, supporting job creation and economic growth in Greece. The loans, coupled with the potential for leveraging bank capital, stimulate investment and business activity, thus contributing to decent work and economic growth.