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Thursday, 09 March 2017

EIB: €3.4 billion new financing for SME’s, environment, transport

Earlier today the Board of Directors of the European Investment Bank approved new financing for small and medium companies (SMEs), education, energy and social housing, as well as water, transport and healthcare schemes across Europe and around the world. Funding approved today totalled EUR 3.4 billion. “Later this month Europe will mark the anniversary of the Treaty of Rome which created the European Investment Bank. Sixty years on the work of the EIB is more necessary and beneficial than ever. The variety of projects approved today demonstrates our Group’s continued engagement to improve lives, enhance cohesion and foster investment and innovation.” said Werner Hoyer, President of the European Investment Bank. Meeting at the European Investment Bank headquarters in Luxembourg representatives of the bank’s 28 EU member state shareholders, as well as the European Commission, approved new financing for 21 different projects... Thousands of smaller companies in Portugal, Italy, Bolivia and East Africa will benefit from EUR 1.34 billion lending approved today for distribution by EIB partner banks and institutions in local markets.

Source: EIB