corporate_banner_en

EIB provides a further EUR 50 million via Piraeus Bank under the Guarantee Fund for Greek SMEs

Projects
Regions
European Union
Enlargement countries
Turkey
Iceland
Western Balkans
European Free Trade Association
Mediterranean Neighbourhood
FEMIP Overview
Supporting pan-Mediterranean initiatives
Financing & advice
FEMIP Loans
Private equity
Advisory & technical assistance
FEMIP Support Package
Procurement
How to apply
Trust Fund
Technical assistance
Private equity
Global dialogue
Partnerships
Organisation and staff
FEMIP Internship Programme
FAQ - FEMIP
EU Eastern Neighbours
Projects
Cooperation with other institutions and organisations
Financing facilities
Trust fund
Institutional framework
Applying for loans
Organisation and staff
Central Asia
Institutional framework
Cooperation with other institutions and organisations
Financing facilities
Technical assistance and grants
Applying for loans
Organisation and staff
Sub-Saharan Africa, Caribbean and Pacific
Funding and Financial Instruments
Applying for loans
Cooperation with partners
Investment Facility
Other initiatives
Activities
Asia and Latin America
Priorities
SMEs
Innovative options
Loans
Microfinance
EU partners for SMEs & mid-caps
Non-EU partners for SMEs & mid-caps
RDI support
Equity investment
Regional development
Climate Action
Urban & natural environment
Innovation
Skills and Jobs
Trans-European Networks
Transport
Energy
Project Cycle
Applying for a loan
Appraisal
Procurement
Monitoring
Projects to be Financed
Explanatory notes
Breakdown by region
European Union
EFTA countries
Enlargement Countries
Eastern Europe, Southern Caucasus and Russia
Mediterranean countries
Africa, Caribbean, Pacific countries + OCT
South Africa
Asia and Latin & Central America
Breakdown by sector
Projects Financed
Breakdown by region
European Union
EFTA countries
Enlargement Countries
Eastern Europe, Southern Caucasus and Russia
Mediterranean countries
Africa, Caribbean, Pacific countries + OCT
South Africa
Asia and Latin America
Breakdown by sector
Multi-criteria list
Operations Evaluation
Organisation and Programme
Programme
Methodology
Criteria
Rating scale
Process
Reports
Operations
Overview
Publications and reports
Cooperation and Coordination
ECG
European Financial Institutions
European Commission
Contacts

EIB provides a further EUR 50 million via Piraeus Bank under the Guarantee Fund for Greek SMEs

  • Available in: de el en fr
  •  Release date: 28 December 2012
  •  Reference: 2012-214-EN

The European Investment Bank (EIB) signed today with Piraeus Bank a EUR 50 million line of credit for small and medium-sized enterprises (SMEs) in the fields of industry, tourism and services in Greece. This is the second line of credit under the Guarantee Fund for Greek SMEs, a joint initiative between the Hellenic Republic, the European Commission and the EIB specifically designed to cater for the financing needs of SMEs in Greece. Using EUR 500 million from unabsorbed Structural Funds for Greece, it will guarantee EIB loans to SMEs via partner banks in Greece totalling up to EUR 1 billion.

At the signing ceremony the EIB Vice-President responsible for Greece, Dario Scannapieco, stated: “In November we announced that the Guarantee Fund for Greek SMEs would be operational by year end, and we have delivered. I am pleased to announce a further EUR 50 million for Greek SMEs in partnership with Piraeus Bank. With this loan signatures under the Guarantee Fund for Greek SMEs now total EUR 150 million, following the Eurobank signature for EUR 100 million last week. When added to the EUR 140 million in loans signed with Alpha Bank and those made with Ethniki Bank (EUR 250 million) and PanCretan Bank (EUR 50 million) in the last three weeks, this brings new EIB support for Greek SMEs to a total of EUR 590 million, of which EUR 212.5 million had already been disbursed by the EIB last week”.



 Print
 Pdf
Copyright © European Investment Bank 2014
The European Investment Bank is not responsible for the content of external internet sites.

http://www.eib.org/projects/press/2012/2012-214-eib-provides-a-further-eur-50-million-via-piraeus-bank-under-the-guarantee-fund-for-greek-smes.htm