Brussels, 13/06/2014 (Agence Europe) - On 12 June, the European Investment Bank (EIB) signed four finance agreements totalling €121 million with Fransabank, Byblos Bank, First National Bank and the Euromena III Fund.
A €90 million loan will help to support local firms in industry, high-tech and services, and create jobs through credit lines channelled through the networks of Byblos Bank (3rd EIB loan) and Fransabank. An €11 million loan to First National Bank will be made to support the development of the private sector by helping to finance small and medium-sized enterprises. The EIB also decided, for the third time, to invest €20 million in the Euromena III regional private equity fund, which targets companies with growth potential that are destined to become regional champions. The EIB's commitments to First National Bank and Euromena III are financed by the European Union and Spain (via the Spanish Agency for International Cooperation). (CG)