Release date: 19 June 2020
Promoter – Financial Intermediary
ACCEPTABLE BANK(S),ALPHA BANK AE,EUROBANK SA,NATIONAL BANK OF GREECE SA,PIRAEUS BANK SALocation
Description
The project, which is part of the EIB's economic response to the Covid-19 pandemic crisis, consists in multi-beneficiary loans at affordable terms to be provided through acceptable banks operating in Greece.
Objectives
The aim is to support SMEs and midcaps in Greece affected by the current crisis and help them withstand the negative impact of the Covid-19 pandemic, by providing financing to cover their primarily working capital and liquidity needs, but also possible investments.
Sector(s)
- Credit lines - Credit lines
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 - 14/10/2020
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).