References in periodicals archive ?
This agreement is part of Eurobanks strategic planning aimed at supporting the return to sustainable growth for the Greek economy.
This agreement is part of Eurobanks initiatives to support small and medium-sized Greek businesses, paving the way for the Greek economy to recover.
The European Investment Bank (EIB) has agreed to provide EUR 40 million to support financing by Eurobank of eligible projects undertaken by small and medium sized enterprises and midcaps established or operating in Greece.
This agreement is under the programme Grouped Loans for SMEs allowing Eurobank to accomplish the creation of a portfolio of EUR 140 million, for the financial support of projects implemented by small and medium sized enterprises and midcaps through investment loans and extend liquidity in the form of working capital.
Eurobank is a key partner for the EIB in Greece and our combined efforts will help companies across the country to expand business activity and create much needed new jobs, especially for talented young people who represent the countrys future, said Jonathan Taylor, European Investment Bank Vice-President responsible for lending in Greece.
The new credit line agreed with Eurobank represents the third partnership agreed by the European Investment Bank with a Greek bank under the youth employment programme in two months.
To date, IFC has extended over $1 billion in cumulative trade finance support to Eurobanks Balkan subsidiaries and their local customers, helping them tap new markets and commercial partners.
IFC, a member of the World Bank Group, is providing a 100 million trade finance facility to Eurobank, a leading Greek bank, as part of IFCs Global Trade Finance Program (GTFP), marking the first entry of a bank in Greece into IFCs trade program.
IFCs trade facility will help Eurobank boost its trade finance activity and competitiveness, with a focus on export-related business, by providing risk mitigation for individual trade transactions through GTFPs growing network of issuing and confirming banks.
The agreement is part of our initiative to restore the Greek economy, and will benefit both entrepreneurs, who are struggling to remain competitive globally under unfavorable conditions, and the Bank, said Eurobank CEO Fokion Karavias.
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