Release date: 7 May 2012
Promoter – Financial Intermediary
A number of commercial banks with strong SME lending activities in Greece, names to be confirmed after due diligence.Location
Description
Loan for banks operating in Greece (including branch networks of foreign banks) for the exclusive financing of projects promoted by small and medium-sized companies (SMEs) in the fields of industry, tourism, and services in Greece.
Objectives
To improve access to term finance in support of small and medium-sized projects carried out by small and medium-sized enterprises
Comments
This operation, subject to approval by EIB’s Governing Bodies, would be signed under the Guarantee Fund, which was recently set up by the EIB in close cooperation with the European Commission and the Greek Authorities using Structural Funds dedicated to Greece.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 500 million
Total cost (Approximate amount)
Not applicable.
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 20/12/2012
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).