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    Signature(s)

    Amount
    € 240,000,000
    Countries
    Sector(s)
    Cyprus : € 240,000,000
    Credit lines : € 240,000,000
    Signature date(s)
    18/02/2016 : € 15,000,000
    18/02/2016 : € 15,000,000
    18/02/2016 : € 20,000,000
    10/01/2018 : € 40,000,000
    20/12/2016 : € 50,000,000
    29/12/2015 : € 100,000,000

    Summary sheet

    Release date
    31 July 2015
    Status
    Reference
    Signed | 29/12/2015
    20150147
    Project name
    Promoter - financial intermediary
    CYPRUS BANKS LOANS FOR SMES AND MIDCAPS III
    Commercial banks active in the field of SME lending in Cyprus.
    Proposed EIB finance (Approximate amount)
    Total cost (Approximate amount)
    EUR 240 million
    EUR 320 million
    Location
    Sector(s)
    Description
    Objectives

    Loan for banks operating and incorporated in Cyprus for the financing of small and medium-sized ventures carried out by small and medium-sized enterprises (SMEs) and mid-caps.

    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 the 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

    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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