Grouped loan for SMEs
- Reference: 20120232
- Release date: 07 May 2012
A number of commercial banks with strong SME lending activities in Greece, names to be confirmed after due diligence.
- Greece
Loan for banks operating in Greece (including branch networks of foreign banks) for the exclusive financing of projects promoted by small and medium-sized companies (SMEs) in the fields of industry, tourism, and services in Greece.
To improve access to term finance in support of small and medium-sized projects carried out by small and medium-sized enterprises
- Credit lines
EUR 500 million
Total cost (Approximate amount)Not applicable.
Environmental aspectsFinal beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Signed - 20/12/2012.
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. Therefore data provided on this page is indicative and cannot be considered to represent official EIB Policy (see also the Explanatory notes).
This operation, subject to approval by EIB's Governing Bodies, would be signed under the Guarantee Fund, which was recently set up by the EIB in close cooperation with the European Commission and the Greek Authorities using Structural Funds dedicated to Greece.