Brussels, 03/09/2013 (Agence Europe) - On Monday 2 September, the European Investment Bank (EIB) and Ilbank signed a grant agreement for €8.5 million. The agreement, signed by the EIB as manager of the Municipal Finance Facility, will allow Ilbank and its municipal customers to benefit from grants of the European Commission - grants which aim to develop bank lending to municipalities in Turkey.
The “grants” component will be combined with the €150 million EIB loan facility already...