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    Reference: 20210042
    Release date: 17 March 2021

    Promoter – Financial Intermediary

    PIRAEUS BANK SA

    Location

    Description

    Risk-sharing instrument deployed under the European Guarantee Fund (EGF) for the support of mid-caps and large corporates in Greece that are active in sectors that are in line with the EIB's long-term mission (innovation, environment and intermediated support for small and medium-sized enterprises (SMEs)) and have been affected by the COVID-19 pandemic.

    Objectives

    Improve access to finance for companies in Greece and, namely, at beneficial terms, through the provision of capital relief and credit loss protection to Piraeus Bank on a portfolio of new eligible transactions.

    Sector(s)

    Proposed EIB finance (Approximate amount)

    EUR 225 million

    Total cost (Approximate amount)

    EUR 735 million

    Environmental aspects

    Final beneficiaries will be required to comply with the applicable national and EU legislation, as appropriate.

    Procurement

    Final beneficiaries will be required to comply with the applicable national and EU legislation, as appropriate.

    Status

    Approved - 4/11/2021

    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