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    Signature(s)

    Amount
    € 100,000,000
    Countries
    Sector(s)
    Greece : € 100,000,000
    Credit lines : € 100,000,000
    Signature date(s)
    8/07/2016 : € 20,000,000
    28/07/2016 : € 40,000,000
    13/09/2016 : € 40,000,000
    Link to source

    Summary sheet

    Release date
    26 June 2014
    Status
    Reference
    Signed | 08/07/2016
    20130030
    Project name
    Promoter - financial intermediary
    GROUPED LOAN FOR SMES II
    A number of commercial banks with strong SME lending activities in Greece.
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 100 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.

    (a) Financing of projects carried out by SMEs (b) Improvement of access to medium and long-term finance supporting SMEs

    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 the approval by EIB's Governing Bodies, would be signed under the Guarantee Fund for Greek SMEs ("SME GF"), which was set up in 2012 by the EIB in close cooperation with the European Commission and the Greek Authorities using Structural Funds dedicated to Greece.

    Link to source

    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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