Release date: 19 March 2019
Promoter – Financial Intermediary
PIRAEUS BANK SA,NATIONAL BANK OF GREECE SA,PANCRETAN COOPERATIVE BANK LTD,EUROBANK ERGASIAS SA,ACCEPTABLE BANK(S),ALPHA BANK AELocation
Description
The project consists of a programme of Multi-Beneficiary Intermediated Loans (MBIL) through acceptable banks operating in Greece for the purposes of on-lending to small and medium-sized enterprises (SMEs) and mid-caps, with a focus on youth employment and women's empowerment at workplace.
Objectives
This project will improve access to term finance for SMEs and mid-caps in Greece, support youth employment and facilitate the empowerment of women at workplace.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 550 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 - 21/05/2019
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).