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700 million euros new support for SME investment across Greece

Staff Writer | October 2, 2017
700 million euros of new investment by small and medium sized companies across Greece will be available.
Piraeus Bank
Europe   Piraeus Bank
That will be supported by Piraeus Bank, following new backing from the European Investment Bank (EIB), the European Investment Fund (EIF) and the European Bank for Reconstruction and Development (EBRD), which was announced in Athens.

This represents the first covered bond issuance by Piraeus Bank and the first time that international financial organizations have invested in covered bonds issued by Greek banks since the beginning of the financial crisis.

Piraeus Bank will issue a new 5-year EUR 500m covered bond in October 2017, to be launched under Piraeus Bank’s EUR 10bn Covered Bond Programme.


 

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