EIB, BoC to inject 134 million euros into SMEs

Click For Larger Image & Read More
EIB, BoC to inject 134 million euros into SMEs
 © SigmaLive 2017
The European Investment Bank (EIB) and Bank of Cyprus have signed an agreement on Friday to inject €134 million of cheap credit for small and medium-sized companies (SMEs) and midcaps.

 

Under the agreement underpinned with state guarantees, the EIB will provide €100 million and Bank of Cyprus €34 million from own sources.

 

Today’s signature is the first project for 2017 under this scheme drafted by EIB and the Cyprus government two years ago, through which €0.5 billion has been allocated to the Cypriot economy.

 

In view of the scheme’s demand, Christos...


EIB, BoC to inject 134 million euros into SMEs


The contents of this article including any associated images are © SigmaLive 2017

Trending Cyprus News

Article Tags: inject, million, euros,

 

24hr News