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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. ....

European Investment Bank Group , European Guarantee Fund , European Investment Fund , Erste Steiermarkische Bank , Croatia Based Erste Steiermarkische Bank , Erste Steiermarkisches Leasing , Pan European Guarantee Fund , ஐரோப்பிய முதலீடு வங்கி குழு , ஐரோப்பிய உத்தரவாதம் நிதி , ஐரோப்பிய முதலீடு நிதி , பான் ஐரோப்பிய உத்தரவாதம் நிதி ,