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PIRAEUS COVERED BONDS LOAN FOR SMES AND MID-CAPS

Signature(s)

Amount
€ 350,000,000
Countries
Sector(s)
Greece : € 350,000,000
Credit lines : € 350,000,000
Signature date(s)
29/09/2017 : € 350,000,000
Link to source
Data sheet
PIRAEUS COVERED BONDS LOAN FOR SMES AND MID-CAPS
Other links
Summary sheet
PIRAEUS COVERED BONDS LOAN FOR SMES AND MID-CAPS
Related press
EUR 700m new support for SME investment across Greece

Summary sheet

Release date
26 July 2017
Status
Reference
Signed | 30/09/2017
20170433
Project name
Promoter - financial intermediary
PIRAEUS COVERED BONDS LOAN FOR SMES AND MID-CAPS
PIRAEUS BANK SA
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Not disclosed.
Not applicable.
Location
Sector(s)
Description
Objectives

Dedicated multi-beneficiary intermediated loan (MBIL) to Piraeus Bank, via the use of a loan substitute structure. The operation will be focused on the financing of projects promoted by small and medium-sized entities (SME) and mid-caps.

Financing of small/medium projects carried out by small and medium-sized enterprises in Greece

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.

Link to source
Summary sheet
PIRAEUS COVERED BONDS LOAN FOR SMES AND MID-CAPS
Other links
Data sheet
PIRAEUS COVERED BONDS LOAN FOR SMES AND MID-CAPS
Related press
EUR 700m new support for SME investment across Greece

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
EUR 700m new support for SME investment across Greece
Other links
Data sheet
PIRAEUS COVERED BONDS LOAN FOR SMES AND MID-CAPS
Summary sheet
PIRAEUS COVERED BONDS LOAN FOR SMES AND MID-CAPS

Photogallery

With about 650 branches, Piraeus is the largest financial institution in Greece. Thanks to EFSI, the EIB was able to launch the largest ever support for small business investment in Greece with the bank. The cooperation covers the whole country and will allow thousands of companies involved in tourism, manufacturing and services to expand.
Piraeus SMEs and mid-caps
©Piraeus

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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