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NATIONAL BANK OF GREECE LOAN FOR SMES

Signature(s)

Amount
€ 250,000,000
Countries
Sector(s)
Greece : € 250,000,000
Credit lines : € 250,000,000
Signature date(s)
26/06/2009 : € 250,000,000
Link to source

Summary sheet

Release date
13 May 2009
Status
Reference
Signed | 26/06/2009
20090069
Project name
Promoter - financial intermediary
National Bank of Greece Loan for SMEs

National Bank of Greece S.A.

Proposed EIB finance (Approximate amount)
EUR 250 million.
Location
Sector(s)
Description
Objectives

Line of credit to support the development of small and medium sized companies in the fields of industry, tourism and services in Greece.

The EIB involvement will generate positive effects, mainly in terms of availability of long duration funding but also in terms of overall financing costs, which will be particularly appreciated by small-sized promoters.

Environmental aspects
Procurement

All investment financed under the proposed loan will be required to comply with the relevant legal framework in Greece and to be acceptable in environmental term to EIB, in line, as appropriate, with EU environmental policy and legislation.

EIB’s standard procurement guidelines applicable to Global Loans will apply.

Link to source

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).

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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 Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.

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