As part of exceptional measures in support of the Greek economic recovery, the EIB signed today a EUR 1 billion loan to Greece for the co-financing of projects which also receive funding from EU structural funds over the 2014-2020 period.
Werner Hoyer, President of the EIB, announced at the Western Balkans Summit in Vienna a number of projects which the EU Bank is ready to finance in the near future, including the “Rail Route 10” within Kosovo*. Further operations envisaged by the EU Bank include the Trans-Adriatic Pipeline (TAP-project), where EIB launched the initial appraisal. The TAP-project will help diversify gas supply to the European Union and provide an opportunity to develop the use of gas as source of energy in the Western Balkans.
Banks in Central, Eastern and Southeastern Europe (CESEE) reduced the pace of deleveraging in the first quarter of 2015 compared with the previous quarter, and the related capital outflows moderated. Credit growth continued to diverge across the CESEE region, according to the latest report from the Vienna Initiative Steering Committee.
Continuing a longstanding cooperation, AB Šiaulių bankas and the EIB have signed a EUR 68 million operational agreement under the Jessica II fund which will support the refurbishment and modernisation of around 350 multi-apartment buildings in Lithuania. In addition, Šiaulių bankas agreed to provide EUR 30 million of own funds for the refurbishment of a further 125 multi-apartment buildings.
An agreement for financing Anas's three-year plan to upgrade the Italian road network was signed today between the European Investment Bank (EIB) and the Economics and Finance Ministry (MEF) at the Ministry's offices. The agreement was signed by the Director General of the Italian Treasury Vincenzo La Via and EIB Vice-President Dario Scannapieco in the presence of Anas CEO Gianni Armani. The loan amounts to EUR 133 million, the first tranche of total financing of EUR 300 million.
The European Investment Bank (EIB) and Bankia have concluded a EUR 250 million loan aimed at facilitating access to funding for SMEs and midcaps. The agreement was signed today by EIB Vice-President Román Escolano, and Bankia’s CEO, José Ignacio Goirigolzarri.
The EIB has granted a EUR 500 million loan to Banco Santander and a EUR 100 million loan Santander Consumer Finance (SCF) for financing the investment projects of SMEs and midcaps with the aim of fostering growth and job creation. The EIB loan to SCF will specifically be used to finance the commercial vehicle fleets of small and medium-sized businesses. Banco Santander and SCF will make an additional contribution of EUR 600 million, so that the total amount made available for financing SMEs will be EUR 1.2 billion.