Financed ProjectsMLS Operation Greece

Identification Code:

OP/14/0041

Total Operation Cost:

0

Maturity:

60 months

Operation Status:

Description and Purpose of the Operation:

Secured corporate loan to support the implementation of the business plan of MLS Multimedia S.A. for the period of 2015-2019. The loan will be used for capex purposes (EUR 2 million) and working capital (EUR 1 million).

Countries of Operation:

Greece (100,00 %)

Financial Product:

Loans

Sector:

Information Technology

Domain:

Private

Borrower/Client:

MLS Multimedia S.A., Greece

Co-Financiers/Participants:

n.a.

Guarantors/Sponsors:

n.a.

Developmental and Regional Cooperation Impact:

The Bank's financing will support the development of a Greek Company specialized in the area related to high technology, a sector where the competitive advantages of the Hellenic Republic has not been yet realized. The Bank's financing will contribute to diversification of the country's economy. MLS business is based on research and development. The Company employs qualified young professionals. The development of the Company will result in establishing additional working places at the times when the unemployment rate among young Greeks reaches 57%.

Environmental Classification and Impact (summary):

Assigned Category C with limited to low environmental and social issues. No further assessment beyond screening deemed necessary

Operation Leader:

General Industries, Transport, Tourism 1

E-mail:

gitt1@bstdb.org