Micro-financing in Nordics gets SEK 560 million boost with EIF guarantee for Froda
- Release date: 18 April 2024
Froda received European Investment Fund (EIF) backing to expand lending to micro companies in the Nordics by SEK 560 million. A guarantee from the EIF, supported in turn by the InvestEU Microfinance and Social Entrepreneurship Guarantee, enables the Swedish micro-lender to offer the new loans on favourable terms to businesses in Sweden, Denmark and Finland that have no more than nine employees.
EU guarantees to unlock €750 million for small businesses in the Western Balkans
- Release date: 15 April 2024
The European Investment Fund (EIF), part of the EIB Group, has signed guarantee agreements with 11 banks and financial intermediaries in the Western Balkans. Funded under the European Union’s Western Balkans Enterprise Development and Innovation Facility (WB EDIF) “Guarantee for SME Resilience”, these agreements will enable local banks and financial institutions to build a portfolio of SME loans for an aggregate amount well above €750 million, along with additional ones ...
EIF and InvestEU back INOKS Capital-run fund for sustainable food systems
- Release date: 11 April 2024
The European Investment Fund (EIF) is committing €40 million to help make Europe’s food system fairer to farmers, healthier for consumers and friendlier to the environment. The EIF financing — provided under the InvestEU programme — will back the European Agri Transition Fund, which supports small and medium-sized enterprises (SMEs) and small mid-caps in the agricultural and food sectors.
EIB Group and Erste Bank join forces to provide additional lending to small and medium enterprises and mid-caps in Austria
- Release date: 10 April 2024
The EIB Group, consisting of the European Investment Bank (EIB) and the European Investment Fund (EIF) has provided Erste Bank der oesterreichischen Sparkassen AG (Erste Bank) with a guarantee for a €49 million mezzanine tranche of a synthetic securitisation transaction. The transaction is expected to provide capital relief, as provided for by the EU Capital Requirements Regulation. It is the first synthetic securitisation transaction in Austria that qualifies as simple, transparent ...
Spanish small-business fund Aquisgrán grows to €260 million with new investments from ICO and EIF
- Release date: 09 April 2024
Aquisgrán, a Spanish fund for small and medium-sized enterprises (SMEs), promoted by SGR-Cesgar (a group of 18 reciprocal guarantee societies) and backed by the Spanish Ministry of Industry through CERSA (Compañía Española de Reafianzamiento), is set to grow to €260 million with new investments from Instituto de Crédito Oficial (ICO) and the European Investment Fund (EIF).
