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    Signature(s)

    Amount
    € 500,000,000
    Countries
    Sector(s)
    Greece : € 500,000,000
    Credit lines : € 500,000,000
    Signature date(s)
    11/11/2013 : € 50,000,000
    6/06/2014 : € 50,000,000
    27/12/2012 : € 50,000,000
    20/12/2012 : € 100,000,000
    11/11/2013 : € 100,000,000
    6/06/2014 : € 150,000,000
    Link to source

    Summary sheet

    Release date
    7 May 2012
    Status
    Reference
    Signed | 20/12/2012
    20120232
    Project name
    Promoter - financial intermediary
    Grouped loan for SMEs
    A number of commercial banks with strong SME lending activities in Greece, names to be confirmed after due diligence.
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 500 million
    Not applicable.
    Location
    Sector(s)
    Description
    Objectives

    Loan for banks operating in Greece (including branch networks of foreign banks) for the exclusive financing of projects promoted by small and medium-sized companies (SMEs) in the fields of industry, tourism, and services in Greece.

    To improve access to term finance in support of small and medium-sized projects carried out by small and medium-sized enterprises

    Environmental aspects
    Procurement

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

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

    Comments

    This operation, subject to approval by EIB’s Governing Bodies, would be signed under the Guarantee Fund, which was recently set up by the EIB in close cooperation with the European Commission and the Greek Authorities using Structural Funds dedicated to Greece.

    Link to source
    Summary sheet

    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).

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    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.
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    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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