HDB – Hellenic Development Bank SA
Michalakopoulou 80,
11528 Athens
Greece
+30 (2) 107450400
info@hdb.gr
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 | 2002 |
| Type of organization National Promotional Bank (NPB), National Promotional Institution (NPI), Private, Mutual, Mixed | NPI/NPB |
| 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) |
| Ownership 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 | 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 | No |
| Are you/your members financial intermediary for EU-programmes? CIP/COSME or Structural funds or Progress or RSI/RSFF Horizon 2020 | No |
| Types of guarantee products provided by your organisation/your members | Loan 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 |
