Non Banking Financing and New Financial Instruments

A compulsory course of the second semester of the Master’s Programme “Banking-Insurance and Finance”.

Course details

Code: MBAF12
Semester: 2nd
Credits: 5 ECTS
Teaching hours: 2 per week (lectures and practical exercises)
Course type: Specialisation Course (ME)
Prerequisites: none
Language of teaching and examinations: Greek and/or English
Offered to Erasmus students: yes, upon relevant request
Mode of delivery: distance learning, synchronous and asynchronous
Total workload: 150 hours
Taught by: Symeon Karafolas, Ilektra Pitoska

Learning outcomes

On successful completion of the course, the student will acquire knowledge and skills allowing:

An understanding of forms of financing, particularly for new undertakings and small and medium-sized enterprises, that do not constitute bank financing
An understanding of the different forms of financing according to the investment and, more generally, financing need of the undertaking
The assessment of the appropriate financing in relation to the needs of the undertaking
A connection with the financing opportunities created by major national, European and international development programmes

Syllabus

Microloans and the microfinance framework
Crowd funding
Loan guarantee schemes
Financing of Spin Off, Start Up and Early Stage companies: Venture Capital, Angels
Financing of companies through Mezzanine, Equity: Venture Capital
Financing of intellectual property projects
Mixed financing schemes: subsidised and non-subsidised
European structural and investment funds (European Regional Development Fund, Cohesion Fund, European Social Fund, European Agricultural Fund for Rural Development, etc.)
The Partnership Agreement — NSRF (ESPA) 2021-2027 (national, regional and sectoral programmes)
Financing programmes for island, mountainous and cross-border areas
The Competitiveness of Enterprises and Small and Medium-sized Enterprises programme (COSME)
The development law in force at any given time
The “Jeremie” financing programme of the European Investment Bank
The Competitiveness of Enterprises and Small and Medium-sized Enterprises programme (COSME)
The special funds (Recovery Fund, Just Development Transition Fund, etc.). More generally, financing programmes that create investment opportunities, such as:
“Horizon”, “Creative Europe”, “LIFE”

The syllabus may be adjusted according to the needs of the course.

Assessment

Assessment is carried out in two ways: the preparation of assignments, counting for up to 30% of the total mark — the structure and presentation of the text, the quality of the analysis and the bibliographical references are taken into account above all — and a written final examination, counting for 70%. Language of assessment: Greek.