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Europe Daily Bulletin No. 10618

23 May 2012
Contents Publication in full By article 10 / 32
ECONOMY - FINANCE - BUSINESS / (ae) spain
EIB loans to Banco Popular and Banesto for small businesses

Brussels, 22/05/2012 (Agence Europe) - The European Investment Bank (EIB) granted a €200 million loan to Banco Popular on 14 May. A further loan for the same amount was granted that same day to Banesto. The EIB funding will be used to finance the investment projects of small and medium-sized businesses (SMEs) in the industry and service sectors.

The loan granted to Banco Popular carries favourable maturity and interest rate terms, which Banco Popular will pass on to its borrowers. Banco...

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