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    Signature(s)

    Amount
    € 50,000,000
    Countries
    Sector(s)
    Cyprus : € 50,000,000
    Credit lines : € 50,000,000
    Signature date(s)
    13/12/2013 : € 25,000,000
    13/12/2013 : € 25,000,000
    Link to source

    Summary sheet

    Release date
    29 July 2013
    Status
    Reference
    Signed | 13/12/2013
    20130343
    Project name
    Promoter - financial intermediary
    SMES TRADE FINANCE FACILITY (CYPRUS)
    Selected banks operating in trade finance in Cyprus
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 50 million
    EUR 150 million
    Location
    Sector(s)
    Description
    Objectives

    EIB guarantee(s) to confirming banks covering risk on selected Cypriot issuing banks in relation to trade finance facilities provided to SMEs and mid-caps.

    The proposed project seeks to ease SME access to trade finance by guaranteeing the obligations of Cypriot issuing banks in relation to their trade finance facilities provided to SMEs and Mid-Caps.

    Environmental aspects
    Procurement

    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.

    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).

    News & Stories

    General enquiries and comments

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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.
    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.

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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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