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    Reference: 20130030
    Release date: 26 June 2014

    Promoter – Financial Intermediary

    A number of commercial banks with strong SME lending activities in Greece.

    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

    (a) Financing of projects carried out by SMEs (b) Improvement of access to medium and long-term finance supporting SMEs

    Comments

    This operation, subject to the approval by EIB's Governing Bodies, would be signed under the Guarantee Fund for Greek SMEs ("SME GF"), which was set up in 2012 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 100 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 - 8/07/2016

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    Greece Credit lines