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Donor International
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The European Investment Fund (EIF)
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About EIF - The European Investment
Fund (EIF) is part of the European Investment Bank Group. Its central mission
is to support Europe's micro, small and medium-sized businesses (SMEs) by
helping them to access finance. EIF designs and develops venture and growth
capital, guarantees and microfinance instruments which specifically target
this market segment. In this role, EIF fosters EU objectives in support of
innovation, research and development, entrepreneurship, growth, and
employment.
EUR 260 million of loans to benefit
over 6,000 SMEs in Serbia Welcoming the signing of the agreement, EIF Chief
Executive, Pier Luigi Gilibert, said: “I am delighted to be signing
agreements today which will bring EUR 260 million of finance to Serbian
businesses. The new UniCredit Bank Serbia transaction will generate loans for
2,400 SMEs helping to create jobs and growth in the local economy. Banca
Intesa has performed exceptionally well by already providing EUR 60m of
financing to SMEs within only six months thanks to COSME support. I am
therefore pleased to sign a top-up agreement to allow to reach out to an
expected 4,000 businesses seeking financing at favourable terms. The demand
for SME loans with reduced collateral requirements and longer maturities in
Serbia demonstrates the need for EU support for Serbian businesses.”
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EIFChief Executive, Pier Luigi
Gilibert,
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Monday, June 5, 2017
The European Investment Fund (EIF)
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