Greece

The EIB and Greece’s four systemic banks have agreed a new collaboration in the form of a €700m guarantee programme to support mid-caps in Greece. More specifically, the EIB has committed to cover on a loan-by-loan basis 50% of any losses that may incur in portfolios of €1.4 billion worth of new financing to be granted by the four participating banks, Alpha Bank, National Bank of Greece, Eurobank and Piraeus.

The European Investment Bank (EIB) is lending Greek energy company DEPA Commercial SA a total of €390 million to build and operate solar-energy farms across the country. The EIB funding covers 75% of total cost of the new photovoltaic (PV) sites, which is expected to reach up to €521 million.

The European Investment Bank (EIB) will provide advisory services to Athens Water Supply and Sewerage Company (EYDAP) in Greece to support the company’s €2 billion, 10-year investment programme to ensure the Greek capital has a more resilient water supply.