HDB - Hellenic Development Bank

The Hellenic Development Bank (HDB) SA is a Société Anonym and Greece’s National Development Bank (NPB). The bank targets principally the financing of Greek enterprises, by introducing financial instruments to the Greek economy, targeted to boost Greek entrepreneurship while amending market gaps and progressively generating positive economic, social, and environmental benefits.

HDB is built upon the mission to assist enterprises, principally SMEs, to get access to finance, through the provision of loans, grants, guarantees, and other risk-sharing financial instruments, and to support the Greek State in amending market inconsistencies, encouraging the growth of various policy areas key to the country’s long-term growth while building a sustainable investment environment in Greece.

The bank’s current operating model involves the design and implementation of financial instruments, through the creation of Special Purpose Vehicles (SPVs) injecting funding from European Structural and

Investment Funds (ESIF) and/or National Investment Programs, which are channeled to the final beneficiaries, through cooperative banks (intermediated lending).

The main financial instruments used by the bank are:

• Guarantees
• Co-financing loans
• Grants (blending)

Finally, HDB provides equity financing through its subsidiary Hellenic Development Bank of Investments (HDBI).

HDB envisions to become a leading development institution by fully aligning its corporate practices to reflect EU best practices, building up a strong institutional framework that highlights inclusivity and knowledge sharing whilst fostering a fair, inclusive, and sustainable environment.