Release date: 26 June 2014
Promoter – Financial Intermediary
A number of commercial banks with strong SME lending activities in Greece.Location
Description
Loan for banks operating in Greece (including branch networks of foreign banks) for the exclusive financing of projects promoted by small and medium-sized companies (SMEs) in the fields of industry, tourism, and services in Greece.
Objectives
(a) Financing of projects carried out by SMEs (b) Improvement of access to medium and long-term finance supporting SMEs
Comments
This operation, subject to the approval by EIB's Governing Bodies, would be signed under the Guarantee Fund for Greek SMEs ("SME GF"), which was set up in 2012 by the EIB in close cooperation with the European Commission and the Greek Authorities using Structural Funds dedicated to Greece.
Sector(s)
- Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 100 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 - 8/07/2016
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).