Category Archives: Banking Sector EU

Eskom and the European Investment Bank agree a new €75 million loan for 100 MW concentrating solar power plant

Eskom and Europe’s long-term lending institution, the European Investment Bank (EIB), have agreed a new €75 million (R1.1 billion) finance contract to support Eskom’s 100MW Concentrating Solar Power (CSP) plant close to Upington in the Northern Cape. CSP uses a … Continue reading

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EIB supports modernisation of Polish railways with EUR 268m loan

The European Investment Bank (EIB) is lending EUR 268 million to the manager of the national railway network in Poland, PKP Polskie Linie Kolejowe S.A. (PLK), for the upgrading of 58 km of an existing electrified railway line (E30) from … Continue reading

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Statement by the European Commission and the European Central Bank following the conclusion of the first post-programme surveillance mission to Spain

After the expiry of the financial sector programme in January 2014, a staff team from the European Commission, in liaison with staff from the European Central Bank, undertook the first visit to Spain in the context of the post-programme surveillance … Continue reading

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EIB renews cooperation with Cooperative Central Bank (CCB) in support of SMEs and youth employment in Cyprus

The European Investment Bank (EIB) is renewing its cooperation with Cooperative Central Bank (CCB) of Cyprus and has authorised a new EUR 50 million credit line for SMEs. This will be the EIB’s first bank-intermediated operation in Cyprus since the … Continue reading

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EUR 200 million loan for climate change mitigation projects in India

The European Investment Bank (EIB) has granted a long-term loan of EUR 200 million to India Infrastructure Finance Company Ltd (IIFCL) to help finance projects that will contribute to the mitigation of climate change in India. The main objective of … Continue reading

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EIB continues to support SME and MidCap projects in Croatia with EUR 400m

EIB continues to support SME and MidCap projects in Croatia with EUR 400m European Investment Bank (EIB) provides two loans to the Croatian Bank for Reconstruction and Development (HBOR – Hrvatska banka za obnovu i razvitak): • EUR 250 million … Continue reading

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European Investment Bank invests €50m into second Glennmont Fund

Glennmont Partners (“Glennmont”), one of the largest infrastructure vehicles dedicated to clean energy across Europe, has secured a €50 million investment in its second fund by the European Investment Bank. The investment is the single largest clean energy equity investment … Continue reading

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European Investment Bank agrees EUR 100million backing for University of Limerick Capital Development Plan

The European Investment Bank, Europe’s long-term lending institution has agreed to provide EUR 100 million for the University of Limerick’s Capital Development Plan 2014 – 2018. The European Investment Bank loan was formally agreed by Professor Don Barry, President of … Continue reading

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EIB and ProCredit Bank agree EUR 10 M credit line to support SMEs

The European Investment Bank (EIB) and ProCredit Bank today signed a credit line worth EUR 10 million which will support very small, small and medium sized enterprises in Kosovo. The EIB was represented by Vice-President Dario Scannapieco, responsible for operations … Continue reading

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Growth Finance Initiative: Belgian company EVS first beneficiary under new pilot scheme by European Investment Bank and EU-Commission

A new instrument specifically targeting innovation financing is now available for medium-sized companies in Europe. The Growth Finance Initiative (GFI) provides loans of up to EUR 25 million to mid-cap companies focusing on industry sectors that heavily rely on research, … Continue reading

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