Summary sheet
The EIB would provide guarantees to a network of geographically distributed international banks (“Counterpart Banks”) covering their risk on selected Greek banks (“Guarantee Beneficiaries”) carrying out trade finance operations for SMEs and mid-caps located in Greece.
Following the current market failure experienced by Greek companies and banks in the area of trade finance, the EIB proposes to establish the SMES Trade Finance Facility. The EIB guarantees will help re-activating credit lines in favour of Greek banks by international banks.
Final beneficiaries will be requested to comply with the applicable national and EU legislation, to the extent relevant.
Final beneficiaries will be requested to comply with the applicable national and EU legislation, to the extent relevant.
This operation, subject to approval by the EIB’s Governing Bodies, will be the first fully-dedicated trade support operation established by the Bank.
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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