Release date: 8 April 2008
Promoter – Financial Intermediary
Piraeus Bank SALocation
Description
Credit line for the financing of (i) SMEs and (ii) small and medium-scale infrastructure projects undertaken by public and private promoters.
Objectives
The present operation is the first operation with Piraeus Bank and forms part of the increased interest by Greek banks in accessing EIB funds for the financing of SMEs and small and medium size infrastructure projects. It is furthermore the fourth credit line aiming also at infrastructure carried mainly by municipalities in Greece, a market which appears to be of growing importance.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 150 million
Total cost (Approximate amount)
Not applicable
Environmental aspects
All investment financed under the proposed loan will be required to comply with the relevant legal framework in Greece and to be acceptable in environmental term to EIB, in line, as appropriate, with EU environmental policy and legislation.
Procurement
EIB’s standard procurement guidelines applicable to credit lines will apply.
Status
Signed - 2/10/2008
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).