State aid loans

At Optima Bank, our goal is to provide the optimal banking experience and offer substantial support to enterprises.

In the context of supporting enterprises and in cooperation with the Hellenic Development Bank, we participate in the Funding Program “Guarantee Fund for Covid-19”, that aims at providing loans with guarantees via the “Guarantee Fund for Covid-19”.

Program characteristics:

Product:  Working capital with a guarantee, provided by the “Guarantee Fund for Covid-19” of the Hellenic Development Bank.

Eligible Enterprises: SMEs and Large Enterprises, which fulfill the following criteria:

  • They are not engaging in non-eligible activities.
  • They were not considered “firms in difficulty” as of 31.12.2019.
  • They did not have overdue debts either on 31.12.2019 or on the Contract date.
  • They have not shown adverse transactional behavior in programs of the Hellenic Development Bank (HDB, former Hellenic Fund for Entrepreneurship & Development) which have expired or are in force (loan contract termination or overdue debts over 90 days).
  • The Beneficiary (Company) is not subject to an outstanding recovery order following a previous Commission decision declaring the aid illegal and incompatible with the common market.
  • They are not legal entities governed by public law or public organizations.

Amount: The amount of working capital with the guarantee by the “Guarantee Fund for Covid-19”.

  • Up to 25% of company’s turnover in 2019 or
  • Up to two times the annual salary cost of the company in 2019.

The loan amount may be increased, following Bank’s justification and assessment, in order to cover the liquidity needs from the date of granting the loan for the next 18 months for SMEs and the self-employed and for the next 12 months for large enterprises.

Refunding/repayment of current loans/credit lines, the financing of a divided payment or stock purchase program and the funding for Mergers and Acquisitions are not allowed.

Additional program characteristics:

  • Guarantee by the HDP based on loan amount.
  • Option for additional collaterals up to a rate of the loan amount.

Duration / Repayment:

  • Duration: up to 5 years.
  • On amortization schedule, with monthly or tri-monthly installments.
  • Option for grace period up to 12 months.

Guarantee Fee:

  • A guarantee fee applies, which increases along with the loan duration:


1 year 

2 - 3 years

4 - 5 years










  • The loan receiver has the option to be granted aid for the guarantee fee.
  • In case of early repayment, the amount of fee, covered by the aid, does not change while any paid fees are not refunded.


Application: To get a loan with a guarantee by the “Guarantee Fund for Covid-19”, please collect the required certificates and submit an online application on https://www.ependyseis.gr/mis (State Aid Information System). Select Optima bank as your partner and you will receive a unique registration number, which your relationship manager can use to assist you.