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EIF extends guarantees to Erste Croatia to back SME recovery

EIF extends guarantees to Erste Croatia to back SME recovery
Author: Georgi Georgiev. License: All rights reserved.
ZAGREB (Croatia), April 29 (SeeNews) - The European Investment Fund (EIF) said it will provide guarantees worth 140 million euro ($169.7 million) to Croatia-based Erste&Steiermarkische Bank and Erste&Steiermarkische S-Leasing, to enable financing of up to 200 million euro to small and medium-sized enterprises (SMEs).
The financing is expected to help SMEs mitigate the economic impact of the COVID-19 pandemic and speed up their recovery, EIF said in a press release on Wednesday.
The guarantees will allow Erste&Steiermarkische Bank to provide loans and finance leases to Croatian SMEs at more favourable terms, which will help companies continue with growth and development in the medium to long-term. ....

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ECB Annual Report 2020

ECB Annual Report 2020
ecb.europa.eu - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ecb.europa.eu Daily Mail and Mail on Sunday newspapers.

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Finland: European guarantee will enable Finnvera to grant EUR 650 million of loans to companies

Finnvera is joining the Pan-European Guarantee Fund (EGF) programme of the European Investment Bank (EIB) Group. On 1 April 2021, Finnvera and the EIB signed an agreement on a guarantee programme which will enable Finnvera to grant a total of EUR 650 million of
working capital and investment loans, mainly for the financing needs of large enterprises. This funding will have a 75% EIB guarantee. The guarantee programme will be in force until the end of 2021.
The Pan-European Guarantee Fund (EGF) is made up of EUR 25 billion in guarantees by EU Member States, which are set to trigger additional investments of up to EUR 200 billion for European companies. The Fund was established in spring 2020 on the initiative of the EIB Group, which is also responsible for its management. Finnvera’s share of the Fund totals EUR 650 million. ....

European Guarantee Fund , European Investment Bank , Pan European Guarantee Fund , Guarantee Fund , ஐரோப்பிய உத்தரவாதம் நிதி , ஐரோப்பிய முதலீடு வங்கி , பான் ஐரோப்பிய உத்தரவாதம் நிதி , உத்தரவாதம் நிதி ,

The FINANCIAL - Spain: EIB provides €300 million in financing to Banco de Sabadell to support Spanish companies affected by the pandemic

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The FINANCIAL The European Investment Bank (EIB) is joining forces with Banco de Sabadell to expand its capacity to lend to small and medium-sized enterprises (SMEs) and mid-caps hit by the economic impact of the COVID-19 pandemic. To this end, the EIB will provide €300 million in financing to enable the Spanish bank to mobilise a total of €600 million over the next two years.
According to EIB, the operation consists of a risk-sharing guarantee under the European Fund for Strategic Investments (EFSI), the main pillar of the Investment Plan for Europe, which enables the EIB Group to expand its support for investments fostering economic growth, competitiveness and employment. The EIB is granting this guarantee to Banco de Sabadell, S.A., on a portfolio of existing corporate loans, creating additional financing capacity to support Spanish industry. ....

Comunidad Autonoma De Cataluna , Valdis Dombrovskis , Sergio Palavecino , Ricardo Mourinho , European Council , European Guarantee Fund , Banco Sabadell , World Health Organization , European Fund For Strategic Investments , European Investment Bank , Banco De Sabadell , European Fund , Strategic Investments , Investment Plan , Executive Vice President , Pan European Guarantee Fund , The European Investment Bank Eib Is Joining Forces With Banco De Sabadell To Expand Its Capacity Lend Small And Medium Sized Enterprises Smes Mid Caps Hit By Economic Impact Of Covid 19 Pandemic This End , The Eib Will Provide 300 Million In Financing To Enable Spanish Bank Mobilisea Total Of 600 Over Next Two Years , காமுனிடட தன்னாட்சி டி கடலுள் , ஐரோப்பிய சபை , ஐரோப்பிய உத்தரவாதம் நிதி , பான்கோ சபாடெல் , உலகம் ஆரோக்கியம் ஆர்கநைஸேஶந் , ஐரோப்பிய நிதி க்கு மூலோபாய முதலீடுகள் , ஐரோப்பிய முதலீடு வங்கி , பான்கோ டி சபாடெல் ,

The FINANCIAL - Spain: EIB provides €300 million in financing to Banco de Sabadell to support Spanish companies affected by the pandemic

The FINANCIAL - Spain: EIB provides €300 million in financing to Banco de Sabadell to support Spanish companies affected by the pandemic
finchannel.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finchannel.com Daily Mail and Mail on Sunday newspapers.

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