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    Reference: 20150035
    Release date: 28 September 2016

    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 enterprises (SMEs), with a window of up to 30% of the total loan amount for the financing of projects promoted by mid-caps, and including the fields of agriculture and agro-food as well as industry, tourism and services in Greece.

    Objectives

    To improve access to term finance in support of small and medium-sized projects carried out by SMEs and mid-caps

    Comments

    This operation is subject to approval by EIB's Governing Bodies. The proposed EIB finance is: up to EUR 1000 million.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 1050 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 - 22/12/2016

    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