A new financial product, which strengthens extroversion, strengthens competitiveness, increases the completion rates of large orders and multiplies the clientele of businesses that have an export nature, announced Attica Bank.

This is Attica Export, which concerns small and medium export companies with fast track approvals and the possibility of pre-financing. This was announced today at the SEVE offices by the managing director of Attica Bank, Mrs. Eleni Vrettou, demonstrating in practice the support of the country’s export businesses through specialized financial products.

This product offers exporters the possibility of up to 60% pre-financing for the preparation of orders and the shipment of their products. The procedures are simple and very short, so that companies can respond immediately and quickly to the increased demands, having increased liquidity that will help them to buy raw materials in an environment that in recent years can be characterized as uncertain.

“There is no such program on the market. All these years there was a big gap. We can finance a business within a few hours, as long as the corresponding documents are available. It is not a simple banking product, but a strategic initiative aimed at developing the extroversion of Greek export businesses“, emphasized the managing director of Attica Bank, Eleni Vrettou, to continue by saying how it is: “the first official product to go out after the recent merger with Pancreatia Bank. In the network of 23 branches that Attica Bank now has in Northern Greece together with Pankritia, they will already be able to welcome customers for the product in question».

The president of SEVE, Simeon Diamantidis pointed out that: “it was a request of the businesses for a long time. Attica Export marks the beginning of the cooperation between the Exporters’ Association, Export Credit Greece and Attica Bank to support the country’s export businesses and further strengthen extroversion through specialized financial products. It is important in this difficult period that there is liquidity and that companies operate smoothly.”

The Corporate Director of Attica Bank, Konstantinos Christodoulou, spoke about the benefits of the financial program. “In this way companies can increase their clientele and make new partnerships, but also with the insurance of Export Credit Greece they are protected from risks of the country and the counterparty, while strengthening their competitiveness”.

Export Credit Greece (it is the official state Export Credit Organization of the country) was represented by the CEO of ECG, Grigoris Stamatopoulos. “Attika Bank, committed to its goal, strengthens the export activity of Greek companies. In this way, it is facilitated for companies that need to do their export procedures correctly. The organization will develop the guarantees part in the coming years, with the aim in five years to support a total of 5.7 billion euros of exports with both credit insurance and guarantees.

The new financial product was presented by Attika Bank’s Corporate Director, while the Executive Vice President of SEVE, Panagiotis Hassapis, coordinated it.

Finally, referring to the recent merger of Attika Bank with Pankritia, Ms. Vrettou emphasized that from the beginning of 2025 there will be a new name, which will signal that the two financial institutions are leaving the past behind them. The completion of the share capital increase will probably take place by October 31, while he emphasized that the big bet is to achieve operational integration in less than 12 months. The bank will operate mainly in 3 geographical areas. Crete, Northern Greece where it has 30% of its potential and plans to open stores and Attica. On 1/1/2025, the bank’s deposits are estimated to be 10 billion euros, with current loans amounting to 3 billion euros.