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    Signature(s)

    Amount
    € 150,000,000
    Countries
    Sector(s)
    Greece : € 150,000,000
    Credit lines : € 150,000,000
    Signature date(s)
    2/10/2008 : € 150,000,000
    Link to source

    Summary sheet

    Release date
    8 April 2008
    Status
    Reference
    Signed | 02/10/2008
    20080006
    Project name
    Promoter - financial intermediary
    Piraeus Bank Loan for SMEs and Priority Lending
    Piraeus Bank SA
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 150 million
    Not applicable
    Location
    Sector(s)
    Description
    Objectives

    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.

    Environmental aspects
    Procurement

    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.

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
    They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    News & Stories

    General enquiries and comments

    The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
    Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
    Alternatively, the EIB can be contacted through its external offices.
    Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

    Media enquiries

    Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

    Complaints mechanism

    Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

    Zero tolerance against fraud and corruption

    The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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