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CYPRUS BANKS LOANS FOR SMES AND MIDCAPS IV

Signature(s)

Amount
€ 180,000,000
Countries
Sector(s)
Cyprus : € 180,000,000
Credit lines : € 180,000,000
Signature date(s)
27/02/2017 : € 40,000,000
23/12/2016 : € 40,000,000
17/02/2017 : € 100,000,000
Link to source
Data sheet
CYPRUS BANKS LOANS FOR SMES AND MIDCAPS IV
Other links
Summary sheet
CYPRUS BANKS LOANS FOR SMES AND MIDCAPS IV
Related press
Cyprus: EIB provides EUR 100 million support for SMEs and Midcaps through financing agreement with Bank of Cyprus
Related press
Cyprus: Investment Plan for Europe - First EFSI transaction for businesses as EIF and RCB Bank sign EUR 10 million agreement

Summary sheet

Release date
14 September 2016
Status
Reference
Signed | 23/12/2016
20160317
Project name
Promoter - financial intermediary
CYPRUS BANKS LOANS FOR SMES AND MIDCAPS IV
local banks
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
EUR 180 million
Not applicable.
Location
Sector(s)
Description
Objectives

Loan for financing small and medium-scale projects promoted by small and medium-sized enterprises (SMEs) and mid-caps located mainly in Cyprus and intermediated through acceptable banks

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
CYPRUS BANKS LOANS FOR SMES AND MIDCAPS IV
Other links
Data sheet
CYPRUS BANKS LOANS FOR SMES AND MIDCAPS IV
Related press
Cyprus: EIB provides EUR 100 million support for SMEs and Midcaps through financing agreement with Bank of Cyprus
Related press
Cyprus: Investment Plan for Europe - First EFSI transaction for businesses as EIF and RCB Bank sign EUR 10 million agreement

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).

News & Stories

Link to source
Related press
Cyprus: EIB provides EUR 100 million support for SMEs and Midcaps through financing agreement with Bank of Cyprus
Related press
Cyprus: Investment Plan for Europe - First EFSI transaction for businesses as EIF and RCB Bank sign EUR 10 million agreement
Other links
Data sheet
CYPRUS BANKS LOANS FOR SMES AND MIDCAPS IV
Summary sheet
CYPRUS BANKS LOANS FOR SMES AND MIDCAPS IV

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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