Hellenic, Co-op sign state-guaranteed loan agreements with EIB

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Hellenic, Co-op sign state-guaranteed loan...
 © BusinessMail 2018
By Stelios Orphanides

Hellenic Bank and Cyprus Cooperative Bank signed a €40m and €25m loan deal with the European Investment Bank (EIB) respectively which will allow them to extend credit to small and medium-size enterprises (SME), the two lenders said.

Hellenic Bank, third largest Cypriot lender, said that the deal, the fourth of its kind, will allow it to provide financing of almost €53.4m to SMEs at low rates.

“The amount includes €40m in EIB funds and €13.4m in Hellenic Bank funds,” the bank said in an emailed statement on Wednesday, hours after signing the...


This article was automatically added to our system 10-1-2018

Hellenic, Co-op sign state-guaranteed loan agreements with EIB


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