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Requests for the Bank’s
assistance may come from a variety of sources including private companies
and financial institutions as well as governmental, public and non-profit
entities. The project review process of the Bank does not distinguish
between any category of potential clients and evaluates each application
with appropriate care.
Initial
Approach
Initial inquiries for
Project Finance operations are to be sent directly to BSTDB headquarters.
The Bank requests
information from clients to enable it to understand whether the project
fits within its guidelines and strategies. The content of the initial
information for project finance operations is presented on the web site
www.bstdb.gr.
The Bank manages
inquiries and applications in a proactive, service-oriented manner; in this
context, co-operation by clients in terms of both the quality and
availability of information is a key factor.
The Bank ensures the
confidentiality of information it receives.
Approval
All projects undergo a
thorough appraisal, after which they are presented to the Board of
Directors for approval. Approval will represent the formal commitment of
the Bank to provide financial support to the project.
Accessing the
BSTDB’s Trade Finance Programme
Banks interested in
participating in the BSTDB’s Trade Finance Programme should contact the
BSTDB’s headquarters in Thessaloniki by fax and/or phone and address
inquiries to the Trade Finance Department.
Companies interested in
accessing Trade finance Programmes should direct inquiries to major local
commercial banks or local export credit agencies or development banks
(financial intermediaries) participating in the Trade Finance Programme.
For a list of participating financial intermediaries, please fax the BSTDB’s
headquarters and address the fax to the Trade Finance Department.
Technical
Assistance
The Bank may provide
clients with access to grants or financing to assist in project
preparation, or development of necessary regulatory or institutional
infrastructure. The Bank focuses its use of available technical assistance
resources only on programmes that have direct impact on, or are linked
with, projects under preparation.
Environmental
Procedures
Each project supported
by BSTDB must comply with the environmental requirements of the Bank. The
environmental impact of a project is carefully investigated. The Bank may
request sponsors of a project to commission independent environmental
experts to prepare reports on the environmental impact of the project. No
one operation of the Bank is approved without appropriate environmental
screening. Environmental indicators are carefully analyzed and monitored
throughout the life of the project.
Procurement
Procedures
A set of rules and
requirements for procurement of goods and services applies to each project
to be supported by the Bank. The Bank’s procurement policy is based on the
principles of fair and open competition for suppliers of goods and services
to the Bank’s supported operations.
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