Signature(s)
Amount
€ 240,000,000
Countries
Sector(s)
Cyprus
: € 240,000,000
Credit lines
: € 240,000,000
Signature date(s)
18/02/2016 : € 15,000,000
18/02/2016 : € 15,000,000
18/02/2016 : € 20,000,000
10/01/2018 : € 40,000,000
20/12/2016 : € 50,000,000
29/12/2015 : € 100,000,000
Link to source
Data sheet
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Summary sheet
Release date
31 July 2015
Status
Reference
Signed | 29/12/2015
20150147
Project name
Promoter - financial intermediary
CYPRUS BANKS LOANS FOR SMES AND MIDCAPS III
Commercial banks active in the field of SME lending in Cyprus.
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 240 million
EUR 320 million
Location
Sector(s)
- Credit lines - Credit lines
Description
Objectives
Loan for banks operating and incorporated in Cyprus for the financing of small and medium-sized ventures carried out by small and medium-sized enterprises (SMEs) and mid-caps.
Improving access to term finance at favourable conditions.
Environmental aspects
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
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.
Link to source
Summary sheet
News & Stories
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