The European Investment Bank (EIB), in cooperation with Greece’s development and finance ministries, can lend around one billion euros annually to SMEs in Greece in the next three years, EIB vice-president Plutarhos Sakellaris said on Thursday.
Addressing a seminar on “Financing business activity in the new Greek economy”, he said that EIB, in cooperation
with ten Greek commercial banks, has offered funds totaling 1.3 billion euros to small enterprises in Greece since 2007, while more than 1,600 enterprises have been offered loans in the last two years. Sakellaris noted that EIB has widened the range of enterprises eligible for funding, to include enterprises with a workforce of up to 3,000.
with ten Greek commercial banks, has offered funds totaling 1.3 billion euros to small enterprises in Greece since 2007, while more than 1,600 enterprises have been offered loans in the last two years. Sakellaris noted that EIB has widened the range of enterprises eligible for funding, to include enterprises with a workforce of up to 3,000.
He stressed that a Jeremie programme, worth 250 million euros for Greece, has already signed a financing agreement with Alpha Bank and it is about to sign another with National Bank, worth 120 million euros. The Jeremie programme will offer more than 400 million euros to small- and medium-sized enterprises, with the majority of this money within the year.
source: ANA
