BPPB and EIF agree to new support for Southern Italy
- Release date: 05 December 2019
The Banca Popolare di Puglia e Basilicata has signed an agreement with the EIF under the umbrella of the European “SME Initiative” programme. Implemented through an EIF guarantee, the initiative will also be supported by the European Investment Bank (EIB), COSME funds and by the Italian Ministry for economic development (MISE), which has made available European ESIF Funds for this purpose. The projects represents an innovative financial ‘risk transfer’ instrument, as ...
Investment Plan for Europe: EIF and UniCredit Bank Austria strengthen cooperation
- Release date: 05 December 2019
The European Investment Fund (EIF) and UniCredit Bank Austria are expanding their partnership. An earlier, EUR 200m guarantee agreement from 2016 is now set to be increased to EUR 500m, with the EIF using the InnovFin SME Guarantee Facility to back new loans from UniCredit Bank Austria totalling EUR 300m.
French National Agriculture Initiative enters operational phase
- Release date: 04 December 2019
Minister for Agriculture and Food Didier Guillaume, Vice-President of the European Investment Bank Group Ambroise Fayolle and Chief Executive of the European Investment Fund Pier Luigi Gilibert today signed an agreement with the representatives of Arkéa, BPCE Group, Crédit Agricole and Crédit Mutuel to roll out the French National Agriculture Initiative (INAF).
EU Programme for Employment and Social Innovation: EUR 200 million for microfinance institutions and social enterprise lenders across Europe
- Release date: 29 November 2019
In line with the EU’s policy objectives, the fund will promote microfinance and social entrepreneurship in EU Member States and other participating countries, by encouraging microfinance institutions and social enterprise lenders to increase funding for micro-enterprises as well as social enterprises as a means of supporting financial and social inclusion.
