The agreement is made possible under the European Guarantee Fund, an initiative of the EIB Group and Participating EU Member States to help European businesses come through the difficult times caused by the COVID-pandemic.
With the EGF support, The European Investment Fund will provide a 70% guarantee on a portfolio of new lending totalling up to EUR 100 million by SME Bank, while also making it possible for the financial institution to offer enhanced conditions to its borrowers.
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