Brussels, 28/11/2011 (Agence Europe) - The European Investment Bank (EIB) has signed an agreement on Thursday 24 November establishing an Urban Development Fund (UDF) with the Consortium of Pancretan Cooperative Bank and TT Hellenic Postbank (Consortium) to invest in urban projects in the Region of Crete. The EIB was acting in its capacity as the Manager of the JESSICA (Joint European Support for Sustainable Investment in City Areas) Holding Fund Greece. (OL/transl.rt)