Piraeus Leasing Loan Tender

Reference: 20240635
Release date: 27 January 2025
Promoter – Financial Intermediary
PIRAEUS LEASING SINGLE MEMBER SA
Location
Greece
Description
The operation consists of a multi-beneficiary intermediated loan (MBIL) to Piraeus Bank to benefit Piraeus Leasing that will on-lease the EIB funds to eligible small and medium sized-enterprises (SMEs) as well as mid-caps in Greece.

Objectives
The aim is to finance small/medium projects carried out by SMEs and mid-caps in Greece.

Sector(s)
Credit lines - Credit lines
Proposed EIB finance (Approximate amount)
EUR 100 million

Total cost (Approximate amount)
not applicable

Environmental aspects
The operation falls within the scope of the EIB's Environmental and Social Standards - "Standard 11 Intermediated Finance". The Borrower / Financial Intermediary has adequate capacity, systems and processes in place for identifying, assessing, managing and monitoring environmental, climate and social (ECS) risks related to the potential sub-projects benefitting from EIB support. The Final beneficiaries will be required to comply with applicable national and EU legislation in respect of environmental and social matters, as appropriate.

Procurement
Final beneficiaries will be requested to comply with applicable national and EU legislation, as appropriate.

Status
Under appraisal - 9/12/2024