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Reference: 20240635
Release date: 27 January 2025

Promoter – Financial Intermediary

PIRAEUS LEASING SINGLE MEMBER SA

Location

Description

The operation consists of a multi-beneficiary intermediated loan (MBIL) to Piraeus Bank to benefit Piraeus Leasing that will on-lease the EIB funds to eligible small and medium sized-enterprises (SMEs) as well as mid-caps in Greece.

Objectives

The aim is to finance small/medium projects carried out by SMEs and mid-caps in Greece.

Sector(s)

Proposed EIB finance (Approximate amount)

EUR 100 million

Total cost (Approximate amount)

not applicable

Environmental aspects

The operation falls within the scope of the EIB's Environmental and Social Standards - "Standard 11 Intermediated Finance". The Borrower / Financial Intermediary has adequate capacity, systems and processes in place for identifying, assessing, managing and monitoring environmental, climate and social (ECS) risks related to the potential sub-projects benefitting from EIB support. The Final beneficiaries will be required to comply with applicable national and EU legislation in respect of environmental and social matters, as appropriate.

Procurement

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

Status

Under appraisal - 9/12/2024

Milestone
Under appraisal

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).

Related tags

Greece Credit lines