SECTORAL POLICIES / Regions

EIB signs two financing agreements allowing €700 million to be raised for Greek and Spanish SMEs

Brussels, 31/07/2018 (Agence Europe)

On Tuesday 31 July, the European Investment Bank (EIB) announced it had signed two financing agreements that should make it possible to raise the sum of €700 million for Greek and Spanish SMEs, with the support of the European Fund for Strategic Investment (EFSI), the financial arm of the Juncker Plan.

The EIB and the national bank of Greece (BNG) have therefore committed to financing to the tune of €200 million through private placing of covered bonds.  In addition, the EIB and Banco...