Release date: 28 September 2016
Promoter – Financial Intermediary
A number of commercial banks with strong SME lending activities in Greece; names to be confirmed after due diligence.Location
Description
Loan for banks operating in Greece (including branch networks of foreign banks) for the exclusive financing of projects promoted by small and medium-sized enterprises (SMEs), with a window of up to 30% of the total loan amount for the financing of projects promoted by mid-caps, and including the fields of agriculture and agro-food as well as industry, tourism and services in Greece.
Objectives
To improve access to term finance in support of small and medium-sized projects carried out by SMEs and mid-caps
Comments
This operation is subject to approval by EIB's Governing Bodies. The proposed EIB finance is: up to EUR 1000 million.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 1050 million
Total cost (Approximate amount)
Not applicable.
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 22/12/2016
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).