Signature(s)
Summary sheet
Credit line for the financing of (i) SMEs and (ii) small and medium-scale infrastructure projects undertaken by public and private promoters.
The present operation is the first operation with Piraeus Bank and forms part of the increased interest by Greek banks in accessing EIB funds for the financing of SMEs and small and medium size infrastructure projects. It is furthermore the fourth credit line aiming also at infrastructure carried mainly by municipalities in Greece, a market which appears to be of growing importance.
All investment financed under the proposed loan will be required to comply with the relevant legal framework in Greece and to be acceptable in environmental term to EIB, in line, as appropriate, with EU environmental policy and legislation.
EIB’s standard procurement guidelines applicable to credit lines will apply.