Release date: 5 October 2009
Promoter – Financial Intermediary
Co-operative Central Bank LTDLocation
Description
An SME Loan to Cooperative Central Bank Ltd (CCB) for on-lending to its member credit cooperative societies (CCS) which in turn finance investments promoted by SMEs in the fields of industry, tourism and services in Cyprus.
Objectives
Contribution to regional development, increasing competitiveness and productivity of SMEs, as well as promotion of longer-term SME finance in Cyprus.
Sector(s)
Proposed EIB finance (Approximate amount)
Up to EUR 50 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 - 8/03/2010
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).