Announcement

BSTDB Supports the Investment Program of Public Power Corporation

The Black Sea Trade and Development Bank (BSTDB) provided a EUR 160 million loan to Public Power Corporation (PPC S.A.) to support the company's capital expenditure plan. Guaranteed by the Hellenic Republic, this loan represents the largest BSTDB financing to date.

The proceeds of the loan will be used to finance PPC's capital expenditures for the upgrade, modernization and expansion of PPC group' s distribution network , which serves approximately 7.5 million consumers all over Greece.

Athens, June 24 2019