EIF and Noviti Finance support better access to finance for Baltic micro-enterprises with EUR 10 million deal under EaSI programme.
- Release date: 20 February 2020
In order to stimulate small business financing in the Baltic States, non-bank business lender Noviti Finance, and the European Investment Fund (EIF), have signed a cooperation agreement to give micro businesses and farmers better access to funding of up to EUR 25,000. The guarantee is funded by the Employment and Social Innovation (EaSI) programme of the European Union and is backed by the Investment Plan for Europe.
Visit to Italy of an official EIB delegation led by President Werner Hoyer and Vice-President Dario Scannapieco
- Release date: 19 February 2020
President Hoyer and VP Scannapieco met the President of the Italian Republic Sergio Mattarella, Prime Minister Giuseppe Conte and Minister of Economy and Finance Roberto Gualtieri The Italian Government and the EIB signed a Memorandum of Understanding to enhance cooperation on investments in the country In 2019 Italy was the main recipient of EIB Group financing.
EIB Group and Commerzbank join forces for additional lending to SMEs and Mid-Caps
- Release date: 19 February 2020
Up to EUR 400m fresh money for innovative businesses Support of EU bank provided under Investment Plan for Europe The EIB Group, consisting of the European Investment Bank (EIB) and the European Investment Fund (EIF), has provided a mezzanine tranche guarantee of around EUR 100m to Commerzbank AG on a EUR 1.500m granular portfolio of loans to SMEs and Mid-Caps originated by Commerzbank in its ordinary business. The guarantee will release regulatory capital for Commerzbank and will enable ...
BGK and EIF unlock billions for small and medium enterprises in Poland
- Release date: 06 February 2020
Bank Gospodarstwa Krajowego (BGK) signed an agreement with the European Investment Fund (EIF) for additional resources to support Polish small and medium-sized enterprises (SMEs). Thanks to this agreement under the European Union’s SME programme COSME, the supported SME loan volume is expected to reach a total of PLN 10.5 billion (equivalent to almost EUR 2,5 billion). The financial envelope available to SMEs within the scheme has already increased tenfold since its establishment: from ...
European Commission and European Investment Fund launch €75 million BlueInvest Fund
- Release date: 04 February 2020
Brussels, 4th February, 2020 —The European Commission is partnering with the European Investment Fund, part of the European Investment Bank Group (EIB), to launch the BlueInvest Fund today. During the BlueInvest Day conference in Brussels, EIB Vice-President Emma Navarro and Virginijus Sinkevičius, Commissioner for Environment, Oceans and Fisheries, launched a €75 million equity investment fund for the blue economy.
