MIL-OSI Europe: Slovakia: EIB Group and Slovenská sporitelňa (SLSP) join forces to support SMEs and mid-caps impacted by COVID-19 foreignaffairs.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from foreignaffairs.co.nz Daily Mail and Mail on Sunday newspapers.
EIB and SLSP sign €49m agreement to support SMEs and mid-caps in Slovakia
This operation is backed by the European Fund for Strategic Investment (EFSI), the central pillar of the Investment Plan for Europe under which the EIB and the European Commission are working together to boost the competitiveness of the European economy.EIB | Bratislava | Updated: 17-12-2020 17:24 IST | Created: 17-12-2020 17:24 IST
This is the first time that a synthetic securitisation is implemented in Slovakia and as such, EIB Group is presenting to local lenders an alternative instrument for capital management. Image Credit: Twitter(@EU Commission)
The European Investment Bank (EIB) and the European Investment Fund (EIF) signed a €49 million guarantee with Slovenská sporitelňa (SLSP), the largest financial institution in Slovakia, to support SMEs and mid-caps impacted by the COVID-19 pandemic.