News

Project approvals

16 March 2012

PARIS - 4 projects approved by the Administrative Council for a total amount of 347 million euros.

France
A project worth 150 million euros with Banque Populaire Caisse d’Epargne (BPCE), to rehabilitate and develop services and infrastructure for the care of dependent elderly people. The CEB loan will be used to finance the creation of new places in retirement homes and to improve the quality of the care provided in such homes. Fifteen thousand elderly and/or handicapped persons placed in medicalised homes should benefit from this loan. Moreover, 10% of the amount of the Bank’s loan is to be devoted to improving the energy efficiency of these infrastructures. 

Poland
Two projects, one worth 130 million euros with Europejski Fundusz Leasingowy (EFL) and the other worth 50 million euros with Raiffeisen Leasing Polska, to finance productive investments made by Polish small and medium sized businesses (SMEs), for which access to bank credit still remains difficult. Through these loans, distributed to the final beneficiaries in the form of leasing, the CEB will be providing direct support to the SME sector, which plays a key role in promoting employment and economic development. 

Serbia
A project for an amount of 17 million euros with the Government, destined to the construction and the equipment of a new high security prison, in Kragujevac, in the center of the country. The prison will have a capacity to accommodate 400 inmates serving sentences of five years or more, in conditions that comply with the European Prison Rules. This new penitentiary complex will enable Serbia to better cope with the serious problem of prison overcrowding that the country has been facing for many years.