Injection of € 135 million in Real Economy
The European Investment Bank (EIB) has signed on December 9 two agreements totalling €135 million in support of real economy in Greece.
The first one -figuring €85 million- is for the establishment of an Urban Development Fund (UDF) with the National Bank of Greece (NBG) to invest in urban projects in a number of regions in Greece.
The remaining sum (€50 million) is going to the Pancretan Cooperative Bank for investments by SMEs as well as small and medium-sized projects in industry, tourism, services, infrastructure, energy, environmental protection, health and education sectors throughout Greece.
In this context, the EIB is renewing and strengthening its cooperation with the Pancretan Cooperative Bank, with which it has signed a €175 million agreement, in total, since 2007. EIB Vice-President Plutarchos Sakellaris commented: "We are partnering with business actors and local authorities in support of investment and development in Greece. For the successful implementation of our investment programmes, we team up with high calibre partners such as the NBG and the Pancretan Cooperative Bank."
(Monday, December 12, 2011)
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