NBG LOAN FOR SMES & MIDCAPS & SOCIAL OBJECTIVES

Promoteur – Intermédiaire Financier

NATIONAL BANK OF GREECE SA

Lieu

• Grèce

Description

The operation is structured as multiple beneficiary intermediated loan (MBIL) to support eligible small and medium-sized enterprises (SMEs) and mid-caps in Greece.

Additionality and Impact

The operation shall aim to address the constrained access to finance for SMEs and Midcaps in Cohesion region Greece, which stems from the market failure of asymmetric information. On top of this, the operation shall aim to contribute to supporting social inclusion by targeting companies that promote youth employment, gender equality and the economic empowerment of women at the workplace.

To achieve this, the operation is intermediated by National Bank of Greece, one of the four systemic banks in Greece and key player in the domestic market that is a repeat EIB counterpart with excellent track record in implementation of EIB loans.

Enhancement of access to finance for final beneficiaries and improvement of financing conditions for them shall be achieved through the transfer of financial advantage deriving from the EIB funding, longer tenor of sub-loans and additional funding mobilised. In turn, improved access to finance shall contribute towards companies' improved viability and competitiveness, also serving to maintain and create new jobs.

Therefore, the EIB's contribution in the project is notable. The financial contribution is based on the long maturity of the EIB loan, whereas the non-financial contribution entails crowding in of other private financiers, as EIB's participation sends a signalling effect to the market by reducing risk perceptions.

Objectifs

The aim is to enhance access to finance for the target beneficiaries, with a special focus on SMEs and mid-caps supporting youth employment and the economic empowerment of women at workplace.

Secteur(s)

• Lignes de crédit - Lignes de crédit

Montant BEI envisagé (montant approximatif)

EUR 500 million

Coût total (montant approximatif)

not applicable

Aspects environnementaux

The proposed operation falls within the scope of the EIB's Environmental and Social Standards - "Standard 11 Intermediated Finance". The Borrower / Financial Intermediary has adequate capacity, systems and processes in place for identifying, assessing, managing and monitoring environmental, climate and social (ECS) risks related to the potential sub-projects benefitting from EIB support. The Final beneficiaries will be required to comply with applicable national and EU legislation in respect of environmental and social matters, as appropriate.

Passation des marchés

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

Statut

Signé - 10/06/2025