CYPRUS BANKS LOAN FOR SMES AND MIDCAPS

Promoter – Financial Intermediary

Commercial banks active in the field of SME lending in Cyprus.

Location

• Cyprus

Description

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

Objectives

Improving access to term finance at favourable conditions.

Comments

This operation, subject to approval by EIB’s Governing Bodies, would be signed under a guarantee from the Republic of Cyprus and in close cooperation with the Cypriot Authorities.

Sector(s)

• Credit lines

Proposed EIB finance (Approximate amount)

EUR 125 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 - 19/09/2014