skip to main content
European Commission Logo
en English
Newsroom

Overview    News

Investment Plan: EUR 640 million for Greek businesses as EIF and National Bank of Greece sign new EU guarantee agreements

The European Investment Fund (EIF) and the National Bank of Greece (NBG) signed three guarantee agreements on 16 April worth EUR 640 million to improve access to finance for more than 5,000 SMEs in Greece.

date:  19/04/2018

See alsoInvestment Plan for Europe: the Juncker ...

The European Investment Fund (EIF) and the National Bank of Greece (NBG) signed three guarantee agreements on 16 April worth EUR 640 million to improve access to finance for more than 5,000 SMEs in Greece. These agreements benefit from the support of the European Fund for Strategic Investments (EFSI), the heart of the Investment Plan for Europe, the Juncker Plan. On 17 April, the European Investment Bank (EIB) announced the launch of a new financing initiative that aims to unlock close to EUR 1 billion of investment in the agriculture and bio-economy sector. The EIB also signed a EUR 40 m loan on 3 April with global chemicals company Kemira Oyj, headquartered in Finland. On 12 April, the European Investment Fund (EIF) and Aegon Asset Management signed a guarantee agreement supporting a EUR 120 million portfolio of loans to around 85 innovative Dutch companies under the Commission’s InnovFin initiative. Another deal concluded by the EIF with Triodos Bank, will enable the bank to provide a total of EUR 65 million to 430 social entrepreneurs over the next five years in the Netherlands, Belgium, Spain and France. Meanwhile, the EIB announced on 13 April that it is providing a PLN 100 million (EUR 24 million) loan to the Medical University of Warsaw to help it modernise key elements of its main Warsaw campus.