The Limited Times

Now you can see non-English news...

EIB grants first loans to SMEs in France

2020-07-07T16:41:59.581Z

The European Investment Bank plans 200 billion support for small businesses in Europe. Crédit Mutuel Alliance Federal is the first French bank to participate in the program.



Europe wants to move quickly to help small and medium-sized enterprises overcome the crisis linked to the Covid-19 pandemic. “The fall in investment poses a real threat because corporate incomes have dropped significantly. The decline could be even greater than in 2008, explains Ambroise Fayolle, vice-president of the European Investment Bank (EIB). It is important to act quickly to help companies get out of the crisis. Europe is fully mobilized to help them and support the investments essential for their competitiveness. ”

The European Investment Bank therefore set up a guarantee fund of 25 billion euros in May, which should make it possible to raise 200 billion euros.

Attractive loans

The mechanism provides for a leverage effect based on the European Union guarantee, which enables the multiplication of public and private funds. "This program consists for the EIB in financing banks under particularly favorable conditions to enable them

This article is for subscribers only. You still have 72% to discover.

Subscribe: € 1 for 2 months

Cancelable at any time

Enter your email

Already subscribed? Log in

Source: lefigaro

You may like

Business 2020-07-07T16:41:59.581Z
Business 2020-04-24T13:43:18.865Z
News/Politics 2020-05-11T15:06:05.342Z

Trends 24h

Business 2020-08-07T17:28:38.079Z

Latest

business 2020/08/08    

© Communities 2019 - Privacy