Most operations consist of long-term loans, extended in one of two forms:
- Direct loans to private or public sector promoters of projects where the investment cost exceeds EUR 20-25m.
The financing terms (maturity and grace period) are tailored to the type of investment, and appropriate security is required.
- Intermediated loans cater for projects with an investment cost below EUR 20-25m.
These credit lines are advanced to local intermediary banks and leasing bodies, which on-lend in order to finance investment undertaken by SMEs or local authorities.
This type of lending can also be used to meet the needs of micro-enterprises, in partnership with specialised associations.