EBRD agrees debut trade finance facility to Piraeus Factoring

The EBRD has agreed to provide a €10 million trade finance facility to Piraeus Factoring, the first company in Greece to be supported by the EBRD. Building on the EBRD’s cooperation with its parent, Piraeus Bank, the facility will enable Piraeus Factoring to further support Greek small and medium-sized enterprises (SMEs) and corporates engaged in domestic and international trade, under the EBRD’s Trade Facilitation Programme (TFP).