News

Project approvals

14 November 2013

PARIS - At its 285th meeting, the CEB’s Administrative Council approved today five new loan requests, for an accumulated amount of 376 million euros. The total amount of approvals for 2013 thus stands at 2 274 million euros, representing a 26.5% increase compared to last year.

The loan applications approved by the Administrative Council at its November meeting are all targeted to supporting the creation and preservation of sustainable jobs in countries facing high levels of unemployment. By facilitating access to credit for micro, small and medium sized enterprises (MSMEs), the CEB is thus reaffirming its commitment to promoting employment, which is foremost among economic and social priorities in Europe.

Bosnia and Herzegovina - 10 million euros to Sparkasse Bank to finance MSMEs throughout the country.

Croatia - 10 million euros to Raiffeisen Leasing Zagreb, one of the main leasing establishments in the country, since leasing is a means of financing particularly well adapted to the needs of local entrepreneurs.

Italy - 6 million euros to PerMicro aimed at enabling access to bank credit for small entrepreneurs that would otherwise be unable to benefit from such facilities.

Slovenia - 50 million euros to SKB Banka to finance productive investments in MSMEs throughout the country, and especially in the smallest of them.

Spain - 300 million euros to Instituto de Crédito Oficial (ICO), the Spanish public investment bank. ICO will be allocating the funds to financing MSMEs, which are the main source of jobs, at a time when the country continues to face high unemployment.