Reference:
20090314
Release date: 5 October 2009
Release date: 5 October 2009
Promoter – Financial Intermediary
Co-operative Central Bank LTDLocation
Description
An SME Loan to Cooperative Central Bank Ltd (CCB) for on-lending to its member credit cooperative societies (CCS) which in turn finance investments promoted by SMEs in the fields of industry, tourism and services in Cyprus.
Objectives
Contribution to regional development, increasing competitiveness and productivity of SMEs, as well as promotion of longer-term SME finance in Cyprus.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 50 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 - 8/03/2010