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EIB supports SMEs with 90 million Euro
30-6-2017
The European Investment Bank (EIB) has signed two agreements, the first with Societe Generale de Banque au Liban (SGBL) and the second with the First National Bank. Accordingly, the banks will supports Small and Micro Enterprises within the framework of the European Investment Bank support towards the private sector in Lebanon and which seeks to increase the flexibility of the Lebanese economy. As such, the European Investment bank signed yesterday an agreement with SGBL to open a Euro 60 million credit line to finance small and medium enterprises (SMEs) in Lebanon. On the signing, SGBL chair and general manager, EIB vice president, Dario Scannapieco, pointed out that the deal will enable SMEs to expand their operations and generate jobs. In addition, SGBL strengthened its strategic partnership with the European Investment Bank through a new agreement between the two parties. This agreement stipulates that SGBL will open a line of credit of Euro 30 million over 7 years targeting companies that are active in various economic sectors namely SMEs in order that they develop production and create more youth employment opportunities. (Al Mustaqbal, Al Diyar, June 29 and 30, 2017
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- العربية
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