1. The European Investment Bank in Greece
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2. EIB Signatures in Greece
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3. EIB’s exposure in Greece (as of 30.09.2017)
Type of counterpart
Signed (EUR m)
Disbursed (EUR m)
Banks
2,640
1,434
Corporates
4,500
3,755
Public
2,904
2,734
Sovereign
8,243
7,206
Total
18,286
15,129
Total EIB exposure amounts to 10% of the Greek GDP.
Signatures in 2016 alone represent 1% of the Greek GDP.
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4. European Fund for Strategic Investments (EFSI) in Greece (EIB only)
Approved
operations 9
EFSI financing approved
EUR 1.3bn
Supporting total investment of
EUR 2.9bn
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5. Exposure signed (EUR m)
EFSI: EIB’s signed operations in Greece
Contract name
Sector
Exposure signed (EUR m)
NBG Loan for SMEs and MidCaps
Smaller companies
215
Alpha Bank ABS Loan for SMEs and MidCaps
250
Piraeus Covered Bond Loan SMEs and MidCaps
350
Telecom Greece
Mobile Broadband Network
150
Upstream (EGFF)
Smaller companies - RDI 25
Agro Food Industry RDI (MGF)
Agrofood Industry - RDI 15
Greek Regional Airports PPP
Transport
280
Viotia Wind Parks
Energy 24
Diorama Hellenic Growth Fund
Digital, Environment and resource efficiency, Smaller companies 20
Total
1,329
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6. EFSI in Greece highlights
EUR 215m investment in a securitisation backed by a portfolio of loan receivables originated by National Bank of Greece (NBG). The transaction allowed NBG to raise EUR 300m of medium-term funding.
EUR 250m investment in a securitisation backed by a portfolio of loan receivables originated by Alpha Bank. The transaction allowed Alpha Bank to raise EUR 320m of medium-term funding.
EUR 350m investment in a covered bond series of EUR 500m issued by Piraeus Bank.
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7. EFSI in Greece highlights
EUR 150m to finance COSMOTE’s mobile broadband network’s expansion and technological upgrade.
EUR 25m to finance Upstream’s growth program over the period Upstream is a fast growing and innovative technology MidCap company offering mobile commerce services.
EUR 15m to finance Creta Farm’s expansion through the development of new product lines in the premium, branded meat snack and dairy segments.
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8. EFSI in Greece highlights
EUR 24m loan for the construction and operation of 3 wind parks in Viotia with combined installed capacity of 48.6 MW.
EUR 280m for the expansion or refurbishment of 14 Greek regional airports recently privatized by the Greek Government.
Equity participation of EUR 20m in a closed-end private equity fund investing in private sector companies in Greece.
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9. What kind of private sector projects does EIB finance directly in Greece?
Operations must:
Meet EIB’s lending criteria (financially sound, economically and technically viable)
Be mature enough for immediate finance
Involve asset creation
Be bankable - with pricing commensurate with the risk taken
EIB can finance up to 50% of total project cost, subject to standard
best banking practices criteria relating, inter alia, to counterparty’s
own funds. Minimum EIB investment is EUR 7.5m (i.e. EUR 15m
“asset creation”).
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10. More information at: www.eib.org info@eib.org
Thank you!
More information at:
22/11/2018