Signature(s)
Amount
€ 50,000,000
Countries
Sector(s)
Cyprus
: € 50,000,000
Credit lines
: € 50,000,000
Signature date(s)
13/12/2013 : € 25,000,000
13/12/2013 : € 25,000,000
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Data sheet
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Summary sheet
Release date
29 July 2013
Status
Reference
Signed | 13/12/2013
20130343
Project name
Promoter - financial intermediary
SMES TRADE FINANCE FACILITY (CYPRUS)
Selected banks operating in trade finance in Cyprus
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 50 million
EUR 150 million
Location
Sector(s)
- Credit lines - Credit lines
Description
Objectives
EIB guarantee(s) to confirming banks covering risk on selected Cypriot issuing banks in relation to trade finance facilities provided to SMEs and mid-caps.
The proposed project seeks to ease SME access to trade finance by guaranteeing the obligations of Cypriot issuing banks in relation to their trade finance facilities provided to SMEs and Mid-Caps.
Environmental aspects
Procurement
Final beneficiaries will be requested to comply with the applicable national and EU legislation, to the extent relevant.
Final beneficiaries will be requested to comply with the applicable national and EU legislation, to the extent relevant.
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Summary sheet
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Data sheet
Related press
News & Stories
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