Release date: 8 April 2020
Promoter – Financial Intermediary
EUROBANK ERGASIAS SERVICES AND HOLDINGS SALocation
Description
This multi-beneficiary intermediated loan forms part of EIB's economic response to the covid-19 pandemic crisis. It aims at covering the financing needs - primarily working capital and liquidity needs, but also possible investment-related needs - of SMEs and MidCaps in Greece that have been affected by covid-19 pandemic.
Objectives
Enable SMEs and MidCaps in Greece access financing at affordable terms in order to cover their imminent financing needs and withstand the negative impact of the covid-19 pandemic.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 150 million
Total cost (Approximate amount)
not applicable
Environmental aspects
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.
Status
Signed - 28/12/2020