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.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.