Eurobank is the first systemic bank to introduce ESG Deposits in the Greek market, an innovative, modern, deposit solution for companies with ESG orientation, who wish to invest their liquidity in deposit products, whose funds will be used for financing of sustainable investments and projects that promote sustainable development, according to a relevant announcement of the bank.
In this context, the bank completed the planning and implementation of its first term deposit ESG Deposits and, within a certain period of time, 50 Greek companies – its clients, expressed their interest, exceeding by twice the target of 200 million euros.
With the € 200 million raised, Eurobank plans to finance sustainable investments and projects that promote sustainable development, based on the criteria of its Sustainable Finance Framework.
The Deputy CEO of Eurobank and Head of Corporate & Investment Banking, Mr. Konstantinos Vassiliou, stated: in sustainable development projects that meet strict eligibility criteria. “ESG Deposits are an important step in the journey of Greek companies towards sustainable development, which we support steadily and with all our strength.”
New Products
ESG Deposits time deposit is part of Eurobank’s strategic planning for the development of ESG products and services and:
– Aimed at companies that wish to place through ESG Deposits any available liquidity of one (1) million euros, for a period of 6 or 12 months.
– Provides the possibility of early redemption for all or part of the amount, if the company needs its liquidity, for emergencies and before the expiration of the deposit term.
– Offers the opportunity to the participating companies to enrich their ESG package of actions, within the Responsible Entrepreneurship Principles, aiming at sustainable development._
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