Signature(s)
Amount
€ 50,000,000
Countries
Sector(s)
Cyprus
: € 50,000,000
Credit lines
: € 50,000,000
Signature date(s)
10/07/2009 : € 50,000,000
Link to source
Data sheet
Other links
Summary sheet
Release date
18 May 2009
Status
Reference
Signed | 10/07/2009
20090201
Project name
Promoter - financial intermediary
Marfin Popular Bank Loan for SMEs I
Marfin Popular Bank Public Company S.A.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 50 million.
Not applicable.
Location
Sector(s)
Description
Objectives
Line of credit to support the development of small and medium sized companies and small and medium sized projects in industry, tourism, services in Cyprus.
Financing of investments of small/medium scale by small and medium sized enterprises.
Environmental aspects
Procurement
All investment financed under the proposed loan will be required to comply with the relevant legal framework in Cyprus 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 SME Loans will apply.
Link to source
Summary sheet
Other links
Data sheet