Release date: 27 February 2017
Promoter – Financial Intermediary
CO-OPERATIVE CENTRAL BANK LTDLocation
Description
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 the cooperative sector
Objectives
Improving access to term finance at favourable conditions
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.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 125 million
Total cost (Approximate amount)
EUR 167 million
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 - 27/12/2017
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).