Signature(s)
Amount
€ 150,000,000
Countries
Sector(s)
Cyprus
: € 150,000,000
Credit lines
: € 150,000,000
Signature date(s)
25/10/2019 : € 50,000,000
4/12/2019 : € 100,000,000
Link to source
Data sheet
Other links
Summary sheet
Release date
15 January 2019
Status
Reference
Signed | 25/10/2019
20180059
Project name
Promoter - financial intermediary
CYPRUS BANKS LOAN FOR SMES AND MIDCAPS VI
ACCEPTABLE BANK(S)
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 150 million
not applicable
Location
Sector(s)
- Credit lines - Credit lines
Description
Objectives
The project consists of a loan to finance small and medium-scale projects promoted by small and medium-sized enterprises (SMEs) and mid-caps located mainly in Cyprus and intermediated through acceptable local banks.
This project will improve competitiveness and access to finance at favourable conditions for SMEs and mid-caps mainly in Cyprus.
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.
Link to source
Summary sheet
Other links
Data sheet