EIB launches € 1 billion "Loans for SMEs and MidCaps" credit line to Greek banks

The European Investment Bank (EIB) has launched a € 1 billion "Loans for SMEs and MidCaps" credit line to Greek banks. The loans will be used by Greek banks for on-lending to SMEs and MidCaps active in the agriculture, tourism, manufacturing, services and other sectors. Within the context of EIB's "Skills and Jobs - Investing for Youth" initiative, additional financial advantages will be offered to companies promoting youth employment. The first agreements with Alpha Bank, Eurobank, National Bank of Greece and Piraeus Bank for a total amount of EUR 400m, equally split between the four banks, were signed in a public ceremony in Athens attended by the Governor of the Bank of Greece Yiannis Sto