corporate_banner_en

EIB joins forces with three banks for cities in Greece

About
Some dates and figures
Structure
Shareholders
Governance
Board of Governors
Board of Directors
Board Committee on Staff Remuneration
Board Committee on Risk Policy
Board Committee on Equity Participation Policy
Board Committee on Ethics and Compliance
Management Committee
Audit Committee
Control and Evaluation
Organisation Structure
Corporate Responsibility
Responsible Finance
Responsible Borrower
Our footprint
An employer of choice
Community engagement
Reporting on Corporate Responsibility
G.R.I.
PART I: Profile
1. Strategy and Analysis
2. Organizational Profile
3. Report Parameters
4. Governance, Commitments, and Engagement
PART II : Management Approach
DMA-PS - Disclosure on Management Approach Product Portfolio
DMA EC - Disclosure on Management Approach EC
DMA EN - Disclosure on Management Approach EN
DMA LA - Disclosure on Management Approach LA
DMA HR - Disclosure on Management Approach HR
DMA SO - Disclosure on Management Approach SO
DMA PR - Disclosure on Management Approach PR
PART III: Performance Indicators
Product and Service Impact
Economic
Environmental
Social : Labor Practices and Decent Work
Social : Human Rights
Social: Society
Social: Product Responsibility
Compliance
Accountability
Complaints mechanism
Cases
Admissibility
Procedure
Initial Assessment
Investigation
Mediation
Consultation
Our response
Admissibility timing
Procedure summary
How to complain
FAQ
Fraud and Corruption
How to report fraud or corruption
Part of the EU family
Partners
Civil Society
Events
Consultations
Key policies and standards
Contacts
Banking Community
Multilateral Development Banks
Universities
Jobs
Working for the EIB
Professional and Managerial
Administrative and support
General Internships
FEMIP Internships Programme
EPTATF Internships Programme
Eastern Partnership Secondment Programme
The GRAD programme
Summer jobs for students
Selection Process
FAQ - Jobs
Eligibility
Hiring process
Candidate help
Current vacancies
Procurement

EIB joins forces with three banks for cities in Greece

  • Available in: de el en fr
  •  Release date: 09 February 2012
  •  Reference: 2012-022-EN

The European Investment Bank (EIB) signed three agreements totalling EUR 158 million for the establishment of Urban Development Funds (UDF) with EFG Eurobank Ergasias, the Investment Bank of Greece (IBG), and Piraeus Bank. These funds will be invested in urban projects in a number of regions in Greece.  The EIB acted in its capacity as the Manager of the JESSICA Holding Fund for Greece.

Aiming to create more competitive, socially inclusive and sustainable urban areas in Greece, the three UDFs will invest the above sum over the next four years.  Their investment portfolio may include urban projects such as: rehabilitation of deprived urban areas, basic infrastructure works, development of high-technology clusters and added value infrastructure, water and waste management, energy networks, and energy efficiency.

The above sum will be invested in the following regions:  

  • EFG Eurobank Ergasias will invest approximately EUR 68 million into urban projects located in the regions of mainland Greece (40 million) and the Peloponnese (28 million);
  • Investment Bank of Greece will invest approximately EUR 50 million into urban projects located in the regions of Eastern Macedonia and Thrace (10 million), North Aegean (10 million), Western Macedonia (15 million) and Epirus (15 million); and
  • Piraeus Bank will invest approximately EUR 40 million into urban projects located in the regions of Central Macedonia (20 million) and Thessaly (20 million).

The Ministry of Development, Competitiveness and Shipping, which is the Managing Authority for the JESSICA initiative in Greece, established a JESSICA Holding Fund (HF) within the EIB in 2010 with the aim of deploying EU Structural Funds for revitalisation investments in cities.

EFG Eurobank Ergasias is a member of Eurobank EFG Group, a European banking organization present in 10 countries with total assets of EUR 81.6 billion.

IBG is the Investment Banking and brokerage services arm of Marfin Popular Bank Group.

Piraeus Bank leads a group of companies covering all financial and banking activities in the Greek market. Piraeus Bank Group has an international presence, focused in South-East Europe and the Eastern Mediterranean, but also in the financial centres of London and New York.





 Print
 Pdf
Copyright © European Investment Bank 2013
The European Investment Bank is not responsible for the content of external internet sites.

http://www.eib.org/about/press/2012/2012-022-eib-joins-forces-with-three-banks-for-cities-in-greece.htm