CYPRUS BANKS LOANS FOR SMES AND MIDCAPS IV

Promoter – Financial Intermediary

local banks

Location

• Cyprus

Description

Loan for financing small and medium-scale projects promoted by small and medium-sized enterprises (SMEs) and mid-caps located mainly in Cyprus and intermediated through acceptable banks

Objectives

Improving access to term finance at favourable conditions

Comments

This operation, subject to approval by the 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 180 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 - 23/12/2016