HDB – Hellenic Development Bank SA

Michalakopoulou 80,
11528 Athens

+30 (2) 107450400
https://hdb.gr/en/ - https://hdb.gr/

The Hellenic Development Bank SA (HDB) is the only 100% state backed financial intermediary in Greece, at the supervision of the Bank of Greece, which is functioning in reciprocity with the Greek banking sector. It seeks to harmonize EU regulation and local banking practices for the benefit of the national MSMEs, through the provision of low –cost financing solutions for business entities with limited access to customary bank financing.
Despite adverse economic and environmental circumstances prevailing in Greece since 2010, HDB fulfills its institutional role as the unique fully fledged Greek – origin provider and manager of guarantees and repayable credit enhancement facilities for Greek SMEs.
HDB, as the only government agency with widely acknowledged solid working relations with the banking sector, monitors the real needs of the Greek MSME market in order to accommodate them efficiently and in a timely fashion. In that context, the Bank has currently a comprehensive product platform.

Year of creation
individual entities or association
Type of organization
National Promotional Bank (NPB), National Promotional Institution (NPI), Private, Mutual, Mixed
Type of scheme
guarantee or counter-guarantee
Guarantee, Non - Banking Financial Institution
Product typology
guarantee or counter-guarantee or co-guarantee
Guarantee, Counter-garantee, Co-garantee, Financial Eng. Instruments (i.e. loan funds)
i.e. fully mutual, funded by SMEs, banking associations, fully public, fully private, private-public, mixed models
Fully Public
Shareholder structure
Private / Public (in %)
100% public
Legal form
of single guarantee entity or association: i.e. fund, development bank, development agency, cooperative or mutual societies, bank, foundation, association, limited company, etc.
Société Anonyme
Structure / Network
i.e. central scheme with regional offices, central scheme only, association network
Central scheme only
Geographic coverage
i.e. local, regional, national
Sectorial focus
i.e. agriculture, industry, crafts, retail, liberal professions, cooperatives, etc.
Agriculture, Industry, Crafts, Retail, Liberal professions, Cooperatives
Size of businesses supported
i.e. large companies, SMEs, micro-enterprises, independent/self-employed
SMEs, Micro-enterprises, Independent/Self-employed
Supervision statute
i.e. mono-product banking licenses, financial intermediary statute, non-supervised. For associations, please state statute of members
Supervised by the Central Bank of Greece
Profit / Non-profit oriented
dividends to public shareholders are not considered as profit orientation
Non-profit oriented
Do you benefit from a counter-guarantee at local, regional or national level?
Local level or Regional level or National level
Are you/your members financial intermediary for EU-programmes?
CIP/COSME or Structural funds or Progress or RSI/RSFF Horizon 2020
Types of guarantee products provided by your organisation/your membersLoan default guarantees, Working capital loan guarantees
Other SME support instruments offered by your organisation/your members
Subsidized loans or Mezzanine financing or Venture capital or Coaching or Mediation services
Subsidized loans
Is the activity subject to state aid regulation?Yes
Do you (your members) use..?
De minimis or GBER or Regional guidelines or Notification
De minimis, GBER, Regional guidelines and Notification
Do you (your members) dispose of an internal rating/scoring system?Yes
Do your guarantees provide deponderation (capital relief) for member banks subject to capital requirements (Basel agreement)?Yes
Do you (your members) benefit of a public counter-guarantee that allows deponderation (capital relief)?Yes