Under the support of a guarantee by the European Investment Fund (EIF), Eurobank offers financing within the framework of the Pan-European Guarantee Fund (EGF), established with the aim of supporting businesses against the economic impact of the COVID-19 pandemic.
Transactions with eligible counterparties (borrowers) benefit from support by the EGF Guarantee Instrument, implemented by the EIF with the financial backing of the Member States contributing to the EGF.
The financing under EGF constitutes aid granted under the Commission Decision no. C (2020) 9237, dated 14 December 2020.

Eligible Borrowers:

• Small or medium-sized enterprises (SMEs) (within the context of Commission Recommendation no. 2003/361/EC of 6 May 2003)

• Small companies of medium capitalization (small Mid-Caps) which do not fall within the scope of SMEs and employ less than 500 employees

Eligible Financing Purposes 

• Financing of working capital/liquidity needs

• Financing of investments in tangible and/or intangible assets

Restrictions

Restrictions as regards the eligibility of a Borrower (based on credit standing, size, sector of operation etc.) and the financing terms offered (amount, tenor, collateral etc.) apply, as determined by the EGF terms, the underlying programme under which the financing is offered (e.g. Temporary Framework 3.1, Temporary Framework 3.2, De Minimis), as well as the Bank’s internal policies. The decision for the granting of any financing by the Bank under EGF remains at the Bank’s sole discretion.

Additional Information

For further information on the Pan-European Guarantee Fund (EGF), reference is made to the relevant page of the European Investment Fund web site: https://www.eif.org/what_we_do/egf/index.htm
For specific financing inquiries, you may contact the Bank at: info@eurobank.com.cy