Tuesday, November 2, 2010

Eurobank EFG Beograd and Bulgaria applies for a senior Loan


The EBRD has signed loans worth a total of EUR 230 million with Eurobank EFG subsidiaries across three South-Eastern European countries, as part of a package approved in July 2010. The aim is to provide medium and long-term debt financing through Eurobank EFG subsidiaries for on-lending to private businesses operating in the three countries.

The EBRD investments are part of the Joint International Financial Institutions Action Plan set up by the EBRD, the World Bank Group and the European Investment Bank (EIB) to provide over EUR 24 billion in support of the banking sectors in the region and to fund lending to businesses hit by the global crisis.

The credit lines will contribute to the transition process by maintaining an essential flow of lending to enterprises at a time when the availability of credit, particularly to SMEs and corporates has been constrained.

Eurobank EFG group subsidiaries in three countries of EBRD’s region.  Eurobank EFG is an international banking group with a strong and long-standing commitment to the region with a presence in 8 countries in Central and South-Eastern Europe. The group employs a total of 23,578 employees servicing its clients through more than 1,600 branches.













News source: EBRD link: article

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