The European Investment Bank (EIB) and Greece’s Alpha Bank signed on Friday a second 150-million-euro loan agreement under EIB’s one-billion-euro ?Loan for SMEs and MidCaps? credit line to finance eligible projects of small and medium-sized enterprises operating in Greece.
The financing to SMEs and MidCaps active in the agriculture, tourism, manufacturing, services and other sectors, may take the form of investment loans and working capital liquidity.
This second loan follows the full disbursement and successful allocation of the 100-million-euro loan signed between the EIB and Alpha Bank in December 2016 under the same plan.
As is the case with the previous deal, this loan also incorporates EIB’s ?Skills and Jobs ? Investing for Youth? initiative, offering competitive interest rates and additional financial advantages to enterprises that promote youth employment.
The EIB launched the “Jobs for Youth” initiative, the Bank’s first ever dedicated lending program to specifically support young people, in July 2013. Complementing youth employment policies at European and national level, the program finances vocational training, student and apprentice mobility, and aims to address the shortage of jobs for young people in smaller Greek companies.
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Photo Source: Wikimedia Commons Copyright: Palauenc05 License: CC-BY-SA
Source: ANA-MPA
