NBG LRS ENHANCED SUPPORT FOR MIDCAPS

Projektträger – zwischengeschaltetes Finanzinstitut

NATIONAL BANK OF GREECE SA

Ort

• Griechenland

Beschreibung

The project consists in a risk-sharing operation to support mid-caps in Greece.

Additionality and Impact

This linked risk sharing operation is designed to provide support to mid-caps in access to finance and to contribute to long-term economic growth. The operation addresses the underlying market failure of access to finance faced by mid-caps due to information asymmetries and credit considerations. Given the economic uncertainty exacerbated by supply chain constraints, inflation, rising interest rates, energy security constraints and the ongoing war in Ukraine, the proposed operation may alleviate some of the pressures faced by the real economy. The guarantee operates by providing capital relief to the Financial Intermediary and thereby freeing up additional lending capacity, thus enabling them to channel funds into transactions that they would likely not have financed without the EIB's intervention and at more beneficial terms (for example longer tenors, lower interest rates, lower collateral requirements). The operation is anticipated to support social objectives such as employment via the provision of eligible transactions such as loans for working capital and investment purposes to mid-caps.

The Financial Intermediary is an established player in the local market and a repeat client of the EIB, with an excellent track record in implementing EIB products. It is an innovative product for the Greek market, complements EIF offerings in the local SME sphere and is generally expected to carry a signalling effect to the market, reduce risk perceptions and crowd in other private financiers.

Ziele

The aim is to enhance access to finance for the target beneficiaries.

Sektor(en)

• Durchleitungsdarlehen - Durchleitungsdarlehen

Vorgeschlagene EIB-Finanzierung (voraussichtlicher Betrag)

EUR 100 million

Gesamtkosten (voraussichtlicher Betrag)

EUR 280 million

Umweltaspekte

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Auftragsvergabe

Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Projektstatus

Unterzeichnet - 23/05/2024