ProCredit Bank Greece

What ProCredit Bank Greece does

ProCredit Bank Greece is the Thessaloniki-licensed branch of ProCredit Bank (Bulgaria) EAD, a development-oriented commercial bank serving micro, small and medium enterprises (MSMEs) and private individuals in Greece. The entity is part of the Frankfurt-headquartered ProCredit Group, an international network of 11 banks supervised at consolidated level by BaFin and the Deutsche Bundesbank under Section 25a of the German Banking Act (KWG). Founded in 2001 as part of the group's Eastern European expansion, the Greek branch operates with 29 employees from Thessaloniki, Central Macedonia, and is positioned as a sustainability-led MSME and retail bank, with 30% of its loan portfolio classified as green loans supporting energy efficiency, electric vehicles, and renewable energy investments. The bank carries AA MSCI ESG rating, ISO 14001 environmental certification, SBTi commitment, and seven ESG performance awards over 2024-2025.

The product portfolio for individuals comprises consumer loans (9.10% rate), housing loans (3.50% fixed for first five years), FlexSave savings (0.20% post-March 2026), term deposits (up to 1.50% on 24-month EUR/USD), the ProGreen transactional account, Visa debit cards with Apple Pay and Google Pay, ProPay transfers, and the FlexFund overdraft facility. For businesses, offerings include corporate accounts, business loans, Green Investment Loans (aligned with the EU Taxonomy), EcoMobility loans for EVs and charging stations, photovoltaic installation loans, agricultural loans, trade financing, EU programme financing, and POS terminal merchant services. The underlying technology stack combines the ProB@nking internet banking platform, the ProCredit MobileSign mobile authentication application, and proprietary sustainability tools (CO2 Calculator for business emissions reporting and EcoMobility Calculator for EV savings estimation).

Revenue is generated primarily through net interest margin on the loan book, supplemented by loan application fees (EUR 100), monthly account service fees (EUR 5), card interchange, and merchant POS service fees. Deposit pricing is publicly disclosed and revised periodically; the March 2026 reset lowered term deposit rates while modestly raising FlexSave. Distribution operates via a hybrid relationship-led and direct-to-consumer motion: physical branch with 24/7 zones for personal consultation, complemented by full digital self-service for account opening, loan applications, transfers, and card management. Customer segments are split between Private Individuals (primary) and SMEs (primary), with secondary focus on Agricultural Producers and Freelancers/Sole Propriors. Green lending criteria align technically with the EU Taxonomy, EBRD, EIF, and EIB frameworks, and the Green Bond Framework is validated by Sustainalytics.

Name

ProCredit Bank Greece

Legal name

ProCredit Bank (Bulgaria) EAD

Website

https://procreditbank.gr

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

11–50 employees

Short description

ProCredit Bank Greece is the Thessaloniki branch of ProCredit Bank (Bulgaria) EAD, serving Greek MSMEs and private individuals with consumer/housing/green loans, savings, payments, and sustainability-linked financing under the Frankfurt-headquartered ProCredit Group.

Ownership category

akta.pro rank

Product category

Commercial Banking

NAICS

Commercial Banking (522110), Depository Credit Intermediation (5221), Commercial Banking (52211)

SIC

National Commercial Banks (6021), State Commercial Banks (6022)

akta.pro primary industry

SME Business Lending (Term Loans, Lines of Credit, Overdrafts) (FSABABAB)

akta.pro secondary industries

SME, Microfinance & Financial Inclusion Facilities (BPADACAI), SBA/Government-Backed & Development Finance Loans (FSAKAGAI), Policy Banks (Government-Directed Lending Banks) (FSABAKAM)

Keywords

• Commercial banking
• MSME lending
• Green finance
• Sustainable banking
• Digital retail banking

Headquarters

HQ city

Thessaloniki

HQ country

Greece

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Interest Income from Loans: The bank earns interest income from consumer loans, housing loans, business loans, and green loans. Interest rates vary by product type - consumer loans at 9.10%, housing loans at 3.50% fixed for first 5 years, green investment loans at 1.50% + 6-month EURIBOR.
2. Deposit Interest Payments: Bank pays interest on customer deposits including term deposits (up to 2.25%) and FlexSave savings accounts. This represents a cost rather than revenue stream.
3. Transaction and Service Fees: Fees for banking transactions including transfers, account maintenance, and loan application processing. Loan request consideration fee of EUR 100, monthly account service fee of EUR 5 for certain products.
4. Card Services: Revenue from debit card services including Visa Business Debit cards, and digital payment integrations (Apple Pay, Google Pay).
5. POS Terminal Services: Merchant services including POS terminals for business clients.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

ProCredit Bank Greece provides development-oriented retail and commercial banking services to private individuals and micro, small and medium enterprises (MSMEs) in Greece. Core offerings include consumer and housing loans, MSME business loans, a green lending portfolio (EcoMobility, photovoltaic, green investment loans), FlexSave and term deposit savings accounts, transactional and ProGreen accounts, Visa debit cards (individual and business), POS merchant services, and domestic and international transfer services (ProPay).

Product overview

ProCredit Bank Greece operates as a development-oriented banking institution offering a comprehensive portfolio of financial products and services for both private individuals and business clients. The core banking platform (ProB@nking Internet Banking and ProCredit MobileSign) supports account management, payments, and transfers. For individuals, the product suite includes consumer loans, housing loans, green loans (EcoMobility, photovoltaic), savings accounts (FlexSave, term deposits), transaction accounts (ProGreen, transactional), debit cards (Visa), and ProPay transfers. For businesses, offerings encompass corporate accounts, business loans, green investment loans, EU programme financing, trade financing, agricultural loans, and POS terminals. Sustainability-focused products include green investment loans, EcoMobility loans for electric vehicles, and photovoltaic installation loans. Digital payment capabilities include Visa cards with Apple Pay and Google Pay integration. The bank also provides ESG-related tools including CO₂ and EcoMobility calculators.

Differentiator

Problem solved

Functional benefit

Brands

• ProB@nking: Internet Banking platform for online banking services
• ProGreen Account
• FlexSave
• FlexFund
• ProPay
• EcoMobility Loan
• Green Investment Loan
• ProCredit MobileSign

Products and services

• ProB@nking Internet Banking Online banking platform for private individuals and businesses enabling account management, domestic and international transfers, card management, and loan applications through a web interface.
• ProCredit MobileSign Mobile application providing secure authentication and transaction signing via smartphone for both individual and business clients.
• Consumer Loan (Καταναλωτικό Δάνειο) Personal loan for private individuals with a salary-transfer-linked rate of 9.10%, available up to EUR 50,000 with up to 10-year repayment.
• Housing Loan (Στεγαστικό Δάνειο) Mortgage loan with a fixed rate of 3.50% (plus levy) for the first 5 years, repayment up to 30 years, and pre-approval available for homebuyers.
• FlexFund Overdraft (Υπερανάληψη FlexFund) Digital overdraft facility providing flexible short-term financing when an account balance is insufficient, for private individuals and businesses.
• Energy Efficiency Loan for Households Specialized loan supporting household energy efficiency improvements and upgrades for private individuals.
• Green Loans Portfolio (Πράσινα Δάνεια) Portfolio of green lending products for individuals including EcoMobility loans for electric vehicles and photovoltaic installation loans supporting sustainable practices.
• EcoMobility Loan (Private Individuals) Loan for private individuals to finance electric vehicles and charging stations with floating rate 1.45% + 6-month EURIBOR (minimum 3.95%) + 0.6% levy, repayment up to 10 years and financing up to 100% of asset value.
• EcoMobility Loan (Business) Business loan for electric vehicles and charging stations with floating rate 1.50% + 6-month EURIBOR + levy (minimum 3.95%), term up to 7 years, minimum EUR 5,000.
• Loan for Photovoltaic Installation (Net-Metering/Net-Billing) Loan for businesses investing in photovoltaic installation under net-metering/net-billing schemes with floating rate 1.50% + 6-month EURIBOR + levy (min 3.95%), term up to 7 years, up to EUR 1 million and up to 100% financing.
• Green Investment Loan Sustainable investment loan supporting SMEs in energy efficiency, renewable energy, and environmentally friendly projects, with methodology aligned with EU Taxonomy and EBRD criteria.
• Business Loans (Επιχειρηματικά Δάνεια) Comprehensive business financing solutions for SMEs including working capital and investment loans.
• Financing under EU Programmes Business financing facilitated through European funding programmes, supporting SME access to EU development funds.
• Trade Financing Trade finance solutions supporting international and domestic trade transactions for businesses.
• Loans for Agricultural Producers Specialized agricultural financing for registered farmers and food producers, including farming equipment financing and renewable energy for farms.
• FlexSave Savings Account Savings account with a variable interest rate (0.20% EUR from 15/03/2026) offering flexible access to funds.
• Term Deposit (Προθεσμιακή Κατάθεση) Fixed-term deposit with tiered annual interest rates by term (3, 6, 12, 24 months) in EUR or USD, minimum EUR 5,000.
• Transactional Account (Συναλλακτικός Λογαριασμός) Current account for everyday banking transactions for private individuals, with free Visa debit card, online account opening, and direct bill payment capabilities.
• ProGreen Account Transactional account designed for environmentally conscious customers, supporting sustainable banking practices and digital management.
• Corporate Account (Εταιρικός Λογαριασμός) Business current account with preferential terms for companies, supporting business banking operations.
• Bank Transfers (Τραπεζικές Μεταφορές) Domestic and international money transfer services including currency exchange for individuals and businesses.
• ProPay Transfers Fast transfer service enabling quick and convenient money transfers between accounts for individual and business clients.
• Verification of Payee Service allowing customers to verify payment recipient details before executing transfers, enhancing transaction security.
• VISA Classic Debit Card Free Visa debit card for individual account holders, supporting contactless payments and integration with Apple Pay and Google Pay.
• VISA Business Debit Card Business debit card with preferential conditions for corporate clients, supporting business expense management, with Apple Pay and Google Pay support.
• POS Terminals Point-of-sale terminal services for business merchants, enabling card acceptance at point of sale.
• CO₂ Calculator Free online tool enabling businesses to calculate CO₂ emissions and generate reports for supplier emissions reporting requirements.
• EcoMobility Calculator Calculator tool for estimating potential savings when switching to electric vehicles, presenting financial savings and CO₂ emissions reduction.

Quantifiable outcome

• 30% of loan portfolio consists of green loans
• +3 more outcomes

Named customers2 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature7 records

Partnerships

Eight partnerships are on record, tiered minor and core.

• European Bank for Reconstruction and Development (EBRD)minorStrategic or Co-development PartnerProCredit Bank collaborated with EBRD on first green loans for energy efficiency in 2006. The bank's green loan criteria align with EBRD technical criteria for sustainable investments.
• European Investment Fund (EIF)minorStrategic or Co-development PartnerGreen investment loan criteria align with EIF technical criteria for sustainable finance investments.
• European Investment Bank (EIB)minorStrategic or Co-development PartnerGreen investment loan criteria align with EIB technical criteria for sustainable investments.
• Hellenic Bank AssociationminorOthersThe bank references the Hellenic Bank Association (www.hba.gr) for 'Reasonable Living Expenses' definitions used in the Code of Conduct for borrowers with financial difficulties.
• Consumer Ombudsman (Synigoros Katafygiti)minorOthersConsumer protection authority that can provide advisory assistance to borrowers. Located at 144 Leoforos Alexandras, 11471 Athens.
• Mediator of Banking Investment Services (HOBIS)minorOthersMediation body for banking and investment services disputes. Located at 1 Massalias, 10680 Athens.
• ProCredit Banks (Group Network)coreStrategic or Co-development PartnerThe ProCredit group comprises 11 development-oriented banks serving MSMEs in Eastern Europe (Albania, Bosnia and Herzegovina, Bulgaria, Georgia, Germany, Kosovo, North Macedonia, Moldova, Romania, Serbia, Ukraine), South America (Ecuador). Banks share identical service approach and best practices.
• European TaxonomyminorOthersThe bank's green loan criteria align with technical criteria of the European Taxonomy for sustainable activities.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Triodos Bank: European sustainable and ethical bank pioneering green and impact lending with strong ESG positioning. Highly comparable to ProCredit Greece's green/development orientation, ESG ratings and focus on sustainability-aligned SME finance, though operating in different European geographies.
• ProCredit Bank Bulgaria: Parent and sister entity of ProCredit Bank Greece within the ProCredit Group; operates the same development-oriented MSME and green lending model with identical digital platform. Directly comparable in business model, customer focus and product suite.
• Optima bank: Greek challenger bank similarly focused on SMEs and selective retail segments with a digital-heavy delivery model. Comparable as a smaller, niche-oriented Greek bank competing for the same underserved MSME customers as ProCredit Bank Greece.

Regional players

• Attica Bank: Greek mid-sized bank serving SMEs and retail customers with focus on Attica region. Comparable in being a smaller Greek bank competing for SME and retail customers, though with a different geographic concentration than ProCredit Greece's Thessaloniki base.
• Cooperative Bank of Chania: Greek cooperative bank serving SMEs and households in Crete. Comparable as a small-scale Greek bank competing for similar MSME and retail customers with relationship-based banking, though with a distinct cooperative governance model.
• Pancreta Bank: Greek regional bank with focus on SMEs and households across Crete and parts of mainland Greece. Comparable as a smaller-scale Greek bank with similar MSME orientation, but geographically focused on Crete rather than Thessaloniki/Northern Greece.

Broad incumbents

• Eurobank: Greek systemic bank with strong SME and retail franchise. Comparable product mix (consumer loans, housing loans, business financing, green/EU programme financing) and the same Greek regulatory environment; larger and more diversified.
• National Bank of Greece (NBG): Largest Greek bank by assets with universal retail and SME banking operations. Overlaps with ProCredit Greece across consumer loans, mortgages, deposits and SME lending, but at systemic scale and with much broader product portfolio.
• Alpha Bank: Major Greek systemic bank offering retail, SME and corporate banking with extensive branch network. Comparable across all major product categories ProCredit Bank Greece offers, but at materially larger scale and broader geographic reach.
• Piraeus Bank: Largest Greek systemic bank with full retail, SME and corporate banking coverage across Greece. Comparable in core business lines (deposits, SME lending, housing loans) but vastly larger scale; represents the dominant competitive incumbent.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/channel/UCL7yhINr20S0TvqKBZYSrJQ
• Facebookfacebook.com/greeceprocreditbank
• LinkedInlinkedin.com/company/procredit-bank-greece

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ProCredit Bank Greece