SWIFT-/ BIC-Code: PRCBDEFF

EC EIF PCH

The European Investment Fund (EIF) and ProCredit Group signed an agreement that will increase lending to innovative SMEs and MidCaps.

This new agreement will allow the ProCredit Group to finance innovative enterprises with EUR 820 million through ProCredit Banks in Germany, Greece, Ukraine, Georgia, Albania, Bosnia and Herzegovina, Bulgaria, North Macedonia, Moldova, Romania and Serbia. The advantage to these banks is in the opportunity to utilise guarantees, secured by the EIF and supported by Horizon 2020 - the EU Framework Programme for Research and Innovation.

This is the first comprehensive InnovFin SMEs guarantee signature covering these countries and enabling the mentioned ProCredit banks to offer innovative enterprises additional lending by reducing their collateral requirements, without transferring the cost of increased risk on to the client.

The InnovFin Programme provides financing which results in increased competitive advantage and efficiency, reduced costs and improved workplace satisfaction.

The programme is supported by the InnovFin SME Guarantee Facility, with the financial backing of the European Union under Horizon 2020 Financial Instruments and the European Fund for Strategic Investments (EFSI) set up under the Investment Plan for Europe. The purpose of EFSI is to help support financing and implementing productive investments in the European Union and to ensure increased access to financing.

 What is InnovFin and for whom it is intended for?

  • InnovFin represents part of a joint initiative between the European Investment Fund (EIF) and the European Union
  • The initiative is designed to facilitate access to finance innovative projects
  • It focuses on small and medium-sized enterprises as well as on small enterprises with medium market capitalization of up to 500 employees

Amount: up to EUR 7.5m
Currency: EUR
Interest rate: preferential interest rate
Fees: as per the bank’s Price List for legal entities
Collateral: 50% less collateral is required

Under the InnovFin Programme ProCredit Bank offers loans to:

  • enterprises focused on research and development activity
  • enterprises which have been operating on the market for less than 12 years and their workforce or turnover has increased by at least 20% p.a. over a three-year period
  • enterprises which have been operating on the market for less than 7 years and their R&I costs represent at least 5% of their total operating costs
  • small and medium enterprises initiating innovative investments (e.g. the introduction of new or significantly improved products, goods and services; important changes in the production process; innovations in the form of production organisation as well as new marketing methods and concepts)

How to apply

  1. Contact our call centre at 069 719129-100 and discuss the financing you would like to receive with our client advisers (SME Business Client Division/ Abteilung Firmenkunden) or
  2. Send us your financing request - explaining your business, your financial performance and indicate the innovation driven aspects of your financing request to: This email address is being protected from spambots. You need JavaScript enabled to view it.
ProCredit Bank Germany only uses cookies that are necessary for technical reasons. More information on this can be found in the