EBRD and Piraeus Bank sign €98.5 million guarantee agreement
Greece, Aug. 4 -- The European Bank for Reconstruction and Development (EBRD) is providing a portfolio guarantee of up to €98.5 million to Piraeus Bank in Greece, with support from the European Union (EU) through its InvestEU programme. The facility is expected to encourage up to €500 million of new investment financing, contributing to the country's green and digital transitions.This is the first EBRD project with a financial institution under InvestEU to combine green, innovation and digitalisation financing, helping Greek companies to strengthen their competitiveness and adapt to today's evolving operating environment.In addition to the guarantee, the EU is providing €1.5 million of advisory support through the InvestEU...
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