SMES TRADE FINANCE FACILITY (CYPRUS)

Promoteur – Intermédiaire Financier

Selected banks operating in trade finance in Cyprus

Lieu

• Chypre

Description

EIB guarantee(s) to confirming banks covering risk on selected Cypriot issuing banks in relation to trade finance facilities provided to SMEs and mid-caps.

Objectifs

The proposed project seeks to ease SME access to trade finance by guaranteeing the obligations of Cypriot issuing banks in relation to their trade finance facilities provided to SMEs and Mid-Caps.

Commentaires

Secteur(s)

• Lignes de crédit - Lignes de crédit

Montant BEI envisagé (montant approximatif)

EUR 50 million

Coût total (montant approximatif)

EUR 150 million

Aspects environnementaux

Final beneficiaries will be requested to comply with the applicable national and EU legislation, to the extent relevant.

Passation des marchés

Final beneficiaries will be requested to comply with the applicable national and EU legislation, to the extent relevant.

Statut

Signé - 13/12/2013