THE Eurobank is the first systemic bank which introduces term deposit in the Greek market ESG Deposits, a innovative, modern, deposit solution for ESG-oriented companies, which wish to invest their liquidity in deposit products, the funds of which will be used to finance sustainable investments and projects that promote sustainable development.
In this context, the Bank completed the planning and implementation of its first term deposit ESG Deposits and, within a certain time, 50 Greek companies– her clients, expressed their interest exceeding twice the target of EUR 200 million.
With the € 200 million raised, Eurobank plans to finance sustainable investments and projects that promote sustainable development, based on the criteria of the Sustainable Finance Framework that it applies.
THE Deputy CEO of Eurobank and Head of Corporate & Investment Banking, Mr. Konstantinos Vassiliou, said: “Eurobank innovates once again and introduces the modern solution to the Greek market of ESG Deposits encouraging its customers to invest their surplus liquidity 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.”
ESG Deposits time deposit is part of Eurobank’s strategic planning for the development of ESG products and services and:
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Aimed at companies wishing to invest through ESG Depositsby any chance available liquidity of one (1) million euros, for a period of 6 or 12 months.
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Provides early redemption for all or part of the amount, if the company needs its liquidity, for emergencies and before the expiration of the term deposit.
It offers the opportunity to the companies that will participate enrich their ESG action plan,in the context ofResponsible Entrepreneurship Principles, with the aim of sustainable development
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Source From: Capital
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