Greece Banks Loan for SMEs and Mid-caps I

Promoter – Financial Intermediary

A number of commercial banks with strong SME lending activities in Greece; names to be confirmed after due diligence.

Location

• Greece

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 enterprises (SMEs), with a window of up to 30% of the total loan amount for the financing of projects promoted by mid-caps, and including the fields of agriculture and agro-food as well as industry, tourism and services in Greece.

Objectives

To improve access to term finance in support of small and medium-sized projects carried out by SMEs and mid-caps

Comments

This operation is subject to approval by EIB's Governing Bodies. The proposed EIB finance is: up to EUR 1000 million.

Sector(s)

• Credit lines - Credit lines

Proposed EIB finance (Approximate amount)

EUR 1050 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 - 22/12/2016