Wednesday 14 January 2009

SMEs to benefit from EIB cash injection

European Investment Bank (EIB) has signed three new generation EIB loans for small and medium sized enterprises (SMEs) in the UK for a total of GBP 650 million (EUR 720 million). Three UK banks - Royal Bank of Scotland (RBS), Barclays Bank and Bank of Scotland (HBOS) - will act as financial intermediaries for the EIB funds, passing them onto SMEs with projects which further EU policy objectives. All three loans were signed during December and SMEs should start to benefit from EIB finance early in 2009.

Read more: http://www.tradingmarkets.com/.site/news/Stock%20News/2113840/

http://www.ukba.co.uk

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