Signature(s)
Amount
€ 75,000,000
Countries
Sector(s)
Cyprus
: € 75,000,000
Credit lines
: € 75,000,000
Signature date(s)
12/12/2014 : € 10,000,000
12/12/2014 : € 15,000,000
12/12/2014 : € 20,000,000
12/12/2014 : € 30,000,000
Link to source
Data sheet
Other links
Summary sheet
Release date
10 September 2014
Status
Reference
Signed | 12/12/2014
20140466
Project name
Promoter - financial intermediary
CYPRUS BANKS LOAN FOR SMES AND MIDCAPS II
Commercial banks active in the field of SME lending in Cyprus.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 75 million
not applicable
Location
Sector(s)
- Credit lines - Credit lines
Description
Objectives
Loan for banks operating and incorporated in Cyprus for the financing of small and medium-sized ventures carried out mainly by small and medium-sized companies (SMEs).
Improving access to term finance at favourable conditions.
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 a guarantee from the Republic of Cyprus and in close cooperation with the Cypriot Authorities.
Link to source
Summary sheet
Other links
Data sheet