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    Reference: 20160317
    Release date: 14 September 2016

    Promoter – Financial Intermediary

    local banks

    Location

    Description

    Loan for financing small and medium-scale projects promoted by small and medium-sized enterprises (SMEs) and mid-caps located mainly in Cyprus and intermediated through acceptable banks

    Objectives

    Improving access to term finance at favourable conditions

    Comments

    This operation, subject to approval by the EIB's governing bodies, would be signed under a guarantee from the Republic of Cyprus and in close cooperation with the Cypriot authorities.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 180 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 - 23/12/2016

    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).

    Related tags

    Cyprus Credit lines