EUROBANK: ESG Deposits Launch

Eurobank is the first Greek systemic bank that introduces ESG Deposits to the Greek market. It is an innovative cash management solution for companies focused on the ESG criteria, that wish to invest their liquidity in deposit products, that aim to finance investments and projects that promote sustainable development.

Eurobank completed the planning and implementation of its first ESG Deposits and, within a short period of time, the demand by 50 Greek companies – Eurobank’s clients, exceeded twice the target of 200 million euros.

Eurobank plans to allocate the deposited 200 million euros to finance projects that promote sustainable development and meet the eligibility criteria defined in its Sustainability Finance Framework.

Eurobank’s Deputy Chief Executive Officer & Corporate & Investment Banking Head, Mr. Konstantinos Vassiliou, said: “Through the introduction of the “ESG Deposits”, we are encouraging our corporate customers to place their surplus liquidity in sustainable projects, which follow strict eligibility criteria. We continue to develop ESG related solutions, aiming to support Greek companies on their ongoing journey towards sustainable development.”.

ESG Deposits offering is part of Eurobank’s overall strategy to develop ESG products and services and has the following features:

• Is available to companies that wish to place to ESG Deposits amounts starting from 1 million Euros for a period of 6 or 12 months.
• Offers the possibility of early partial or full redemption, before the end of the agreed deposit period.
• Allows companies to enrich their sustainability agenda and demonstrate their commitment towards sustainable development.