Tag Archives: SMEs

EBRD Partners with Bank Eskhata to Bolster Tajik Businesses with $5 Million Loans

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is collaborating with Tajikistan’s largest private lender, Bank Eskhata, to enhance the sustainability of Tajik businesses. Under their risk-sharing agreement, EBRD will share half the risk on two loans totaling … Read the full press release

EBRD Supports Turkish Metal Casting Company Kutes in Transition to Sustainable Energy with Risk-Sharing Agreement

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is partnering with Türkiye Sinai Kalkinma Bankasi (TSKB), a development bank, to support Kutes, a prominent Turkish metal casting company, in its shift toward sustainable energy practices. TSKB is providing … Read the full press release

EIB and Pekao Leasing Strengthen Collaboration with €68 Million Agreement to Boost Sustainable Growth in Poland

(IN BRIEF) The European Investment Bank (EIB) and Pekao Leasing, a subsidiary of Bank Pekao S.A., have formalized an agreement worth €68 million, reinforcing their long-standing partnership. This loan from the EIB will empower Pekao Leasing to offer new financing … Read the full press release

EIB Provides €10 Million Loan to Boost Access to Finance for Women Entrepreneurs in Mozambique

(IN BRIEF) The European Investment Bank (EIB) has signed a €10 million loan agreement to support women entrepreneurs in Mozambique. This financing will facilitate a new €20 million facility by Moza Banco, focusing on small and medium-sized businesses (SMEs) in … Read the full press release

EIB’s Financing Initiatives in the Western Balkans Drive Job Growth and Investment, New Study Reveals

(IN BRIEF) A recent study, titled “The impact of the EIB’s intermediated lending to businesses in the Western Balkans,” assesses the effect of the European Investment Bank’s (EIB) intermediated lending on small and medium-sized enterprises (SMEs) in Bosnia and Herzegovina, … Read the full press release

NIB and Landsbankinn Sign USD 75 Million Loan Program to Boost SMEs and Environmental Projects in Iceland

(IN BRIEF) The Nordic Investment Bank (NIB) and Icelandic bank Landsbankinn hf. have entered into a new seven-year USD 75 million loan program aimed at financing small and medium-sized enterprises (SMEs) and environmental initiatives in Iceland. The program will provide … Read the full press release

European Investment Fund Joins Bürgschaftsbank for €200 Million SME Financing Boost in Germany

(IN BRIEF) Bürgschaftsbank Baden-Württemberg (BBBW) and Bürgschaftsbank Nordrhein-Westfalen (BBNRW) are expanding their guarantee support for regional financial institutions aiming to provide financing to small and medium-sized enterprises (SMEs) in the German states of Baden-Württemberg and North Rhine-Westphalia. The European Investment … Read the full press release

EU Investment Bank Commits €25 Million to Boost Ukrainian Tech and SMEs

(IN BRIEF) The European Investment Bank (EIB), managing the EU for Ukraine Fund, held its initial Contributors’ Committee meeting and approved its first project financing of €25 million for Ukraine’s equity growth fund, Horizon Capital Growth Fund IV (HCGF IV), … Read the full press release

EIB and HBOR Agreement to Provide Half a Billion Euros to Croatian SMEs and Green Projects

(IN BRIEF) The European Investment Bank (EIB) and Hrvatska banka za obnovu i razvitak (HBOR) have signed an agreement to allocate €500 million to support Croatian small and medium-sized enterprises (SMEs), mid-cap companies, and public-sector entities. The initial tranche of … Read the full press release

EBRD Funds Boost Access to Finance for Women-Led SMEs in Armenia

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is providing a $10 million loan to Acba Bank, a prominent Armenian bank, with support from the European Union (EU) and Sweden. This funding will specifically target women-led small and … Read the full press release

EBRD and Clean Technology Fund Partner with ING Türkiye to Boost Green Investments and Women-Led SMEs with €100 Million Financing Package

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and the Clean Technology Fund (CTF) are joining forces to provide a €100 million financing package to ING Türkiye and ING Leasing in Türkiye, aiming to support green investments and … Read the full press release

EIF and LocalTapiola Partner to Provide €32 Million in Loans to Finnish Small Businesses

(IN BRIEF) The European Investment Fund (EIF) and LocalTapiola Corporate Lending I GP Ltd, a Finnish alternative lender, have signed two portfolio guarantee agreements, enabling the provision of €32 million in new loans to small businesses and mid-caps in Finland. … Read the full press release

EIF and Laboral Kutxa Partner to Boost Micro-Businesses and Social Enterprises in Spain with €145 Million Support

(IN BRIEF) The European Investment Fund (EIF) has entered into an agreement with Laboral Kutxa to provide a portfolio guarantee aimed at mobilizing €145 million in support of micro-businesses, social enterprises, and social entrepreneurs in Spain. This collaboration, made possible … Read the full press release

EIB and Malta Development Bank Join Forces to Drive Green Transition for Small and Medium-Sized Enterprises

(IN BRIEF) The European Investment Bank (EIB) and Malta Development Bank (MDB) have formed a partnership aimed at accelerating the green transformation of small and medium-sized companies (SMEs) and public sector entities in Malta. Under this collaboration, the EIB is … Read the full press release

Kyrgyz Businesswoman Empowers Women in the Hotel Industry Through EBRD Support

(IN BRIEF) Women globally perform at least 2.5 times more unpaid work than men, with working mothers often balancing multiple roles, including employment, household chores, and childcare. In Central Asia, traditional constraints add to the challenges faced by women. Saikal, … Read the full press release

Bosnian Furniture Maker Zanat Embarks on Digital Transformation Journey with EBRD Support

(IN BRIEF) Zanat, a renowned Bosnian furniture company known for its hand-carving techniques and UNESCO recognition, faced challenges with growing international demand, including delivery delays and product quality issues. To address these challenges and optimize their operations, the company sought … Read the full press release

European Investment Bank Anchors Portland Caribbean Fund III with $35 Million Investment

(IN BRIEF) The Portland Caribbean Fund III has achieved its first close, with the European Investment Bank (EIB) contributing $35 million as a cornerstone investor. This fund, targeting a total size of $350 million, aims to support promising small and … Read the full press release

Green Finance Facility Launches in North Macedonia to Promote Renewable Energy and Energy Efficiency Investments

(IN BRIEF) A new Green Finance Facility (GFF), valued at €30 million, has been introduced in North Macedonia to provide small and medium-sized enterprises (SMEs) and creditworthy underserved individuals and households with loans for renewable energy and energy efficiency projects. … Read the full press release

EIB Group Champions European Start-Ups at 2023 Web Summit

(IN BRIEF) The EIB Group, represented by EIB Vice-President Ricardo Mourinho Félix and a team of finance and innovation experts, is set to spotlight its support for innovation and start-ups in Europe at the 2023 Web Summit in Lisbon from … Read the full press release

EBRD Commits $100 Million to İşbank for Earthquake Recovery and Women-Led SMEs in Türkiye

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is extending $100 million in financing to Türkiye İş Bankası (İşbank), Türkiye’s largest private bank, to support earthquake recovery efforts in the south-eastern region of Türkiye and empower women-led small … Read the full press release

Allianz X Invests in NEXT Insurance to Advance Small Business Insurance Innovation

Allianz Trade Study Reveals Gap Between Perceived and Actual Inflation, with Germany Experiencing Significant Disparity

(IN BRIEF) Allianz X, the digital investments division of global insurer Allianz Group, has announced a strategic investment in NEXT Insurance, a leading technology-focused small business insurer in the United States. Allstate is also participating in this investment round, bringing … Read the full press release

Spanish SMEs Get Boost with EIB Group and ICO’s Sabadell ABS Investment

(IN BRIEF) The European Investment Bank (EIB) Group, along with the European Investment Fund (EIF) and Instituto de Crédito Oficial (ICO), has invested in asset-backed securities (ABS) issued by Sabadell Consumer Finance to support the financial needs of small and … Read the full press release

EIF and Leading Romanian Banks Join Forces to Provide €1 Billion in Guarantees for SMEs in Romania

(IN BRIEF) The European Investment Fund (EIF) has partnered with five leading Romanian banks to provide €1 billion in guarantees to support small and medium-sized enterprises (SMEs) in Romania. These guarantees, backed by the InvestEU Member State Compartment and the … Read the full press release

EIF and Millennium bcp Partner to Provide €405 Million in InvestEU Financing to Portuguese SMEs

(IN BRIEF) The European Investment Fund (EIF) and Millennium bcp (BCP) have signed a €405 million InvestEU-backed guarantee agreement to support investment in Portugal. The financing will focus on key EU priorities, including sustainability, innovation, digitalization, social entrepreneurship, and more. … Read the full press release

EIB Signs €50 Million Agreement with VÚB to Boost Financing for Slovak SMEs and Regional Development

(IN BRIEF) The European Investment Bank (EIB) has inked a €50 million lending deal with Všeobecná úverová banka (VÚB), aimed at increasing access to financing for small and medium-sized enterprises (SMEs), mid-cap companies, and both public and private sector entities … Read the full press release

UK SMEs Report Modest Decline in Business Activity but Maintain Employment Growth in Q3 2023, NatWest SME PMI® Tracker

NatWest Survey: UK Regional Business Activity Slows in July 2023, Employment Holds Steady while Inflation Trends Vary

(IN BRIEF) The NatWest SME PMI® Tracker for Q3 2023 indicates a modest reduction in business activity among UK small and medium-sized enterprises (SMEs) in September. Despite this decline, SMEs reported marginal employment gains, while large enterprises saw a renewed … Read the full press release

EBRD’s Support Transforms Mongolian Leather Brand Maris into a Sustainable Success Story

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has supported the growth and sustainability of Mongolian leather producer Maris through its advisory services. Maris, founded by Enkhnasan Tumen-Ulzii, focuses on sustainable leather production and uses innovative vegetable tanning … Read the full press release

Intesa Sanpaolo’s ‘Italian Excellences 2023’ Highlights Italian Mid Corporates to International Investors in Paris

(IN BRIEF) The second edition of Intesa Sanpaolo’s “Italian Excellences 2023, Mid Corporate Conference” in Paris saw around 50 companies, primarily listed on the Euronext STAR Milan segment of Borsa Italiana, participating. The event, in collaboration with Borsa Italiana, attracted … Read the full press release

EIF and Malta Ministry Collaborate to Inject €16.55 Million into Maltese SMEs

(IN BRIEF) In a collaborative effort between the European Investment Fund (EIF) and Malta’s Ministry of European Funds and Lands, €16.55 million will be provided to support small and medium-sized businesses (SMEs) in Malta through the ‘Malta Member State Compartment.’ … Read the full press release

European Investment Fund Backs Avanseo with €38 Million Portfolio Guarantee to Support Microenterprises in France

(IN BRIEF) The European Investment Fund (EIF), supported by the InvestEU programme, has entered into a portfolio guarantee agreement with Avanseo to provide up to €38 million in new financing for microenterprises and individuals facing challenges in accessing credit markets. … Read the full press release

European Investment Fund and Fintech Firm Invoier Join Forces to Empower SMEs in Sweden

(IN BRIEF) The European Investment Fund (EIF) and Swedish fintech firm Invoier have entered into a significant €58 million guarantee agreement to enhance funding accessibility for small and medium-sized enterprises (SMEs) and other businesses through loans and invoice trading. Supported … Read the full press release

Sustainability at the Forefront: EIB and Crédit Agricole Italia Inject €400 Million into Business Expansion

(IN BRIEF) The European Investment Bank (EIB) and Crédit Agricole Italia have signed a €400 million agreement to support small and medium-sized enterprises (SMEs) and agricultural companies. A significant portion of this funding, over 25%, will be directed towards environmental … Read the full press release

European Investment Bank Invests €7.5 Million in Polish Furniture Innovator Tylko’s R&D

(IN BRIEF) The European Investment Bank (EIB) has entered into a financing agreement with Tylko, a pioneering Polish furniture company revolutionizing the industry. With a €7.5 million investment from the EIB, Tylko aims to enhance its research and development (R&D) … Read the full press release

European Investment Bank Extends €70 Million Loan to Bolster Armenian SMEs and Mid-Caps

(IN BRIEF) The European Investment Bank (EIB) is providing a loan of €70 million to the Central Bank of Armenia as part of the Armenian Economic Resilience Programme, backed by the European Fund for Sustainable Development Plus (EFSD+). This funding … Read the full press release

EBRD Supports Albania’s Agribusiness and Tourism Sectors with €2 Million Loan to Union Bank

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is extending a loan of up to €2 million to Union Bank to bolster financing in Albania’s agribusiness and tourism sectors, essential for the country’s economic growth. Union Bank becomes … Read the full press release

EIF Invests €40 Million in Blume Equity to Boost European Climate Tech Startups

(IN BRIEF) The European Investment Fund (EIF) is injecting €40 million into Blume Equity, a leading European climate tech growth fund, with support from the InvestEU program. This investment, one of EIF’s largest in a first-time growth-stage fund, aims to … Read the full press release

EIB and Deutsche Bank Forge €600 Million Agreement to Bolster Italian SMEs and Mid-Caps

(IN BRIEF) A substantial financial boost of nearly €600 million is set to invigorate Italy, as the EIB Group, comprised of the European Investment Bank (EIB) and European Investment Fund (EIF), partners with Deutsche Bank. This initiative aims to support … Read the full press release

EIB and Deutsche Bank Collaborate to Inject €600 Million into Italian SMEs and Mid-Caps

(IN BRIEF) A substantial financial boost of nearly €600 million is set to invigorate Italy, as the EIB Group, comprised of the European Investment Bank (EIB) and European Investment Fund (EIF), partners with Deutsche Bank. This initiative aims to support … Read the full press release

EIF and Arbevel Partner to Provide €72 Million Boost for SMEs and Sustainability through InvestEU

(IN BRIEF) The European Investment Fund (EIF) backed by the InvestEU program has partnered with Arbevel to provide a portfolio guarantee of up to €72 million in financing for SMEs and lower mid-caps. This agreement encompasses three InvestEU windows: “Innovation … Read the full press release

CapMan Infra Expands Northern European Data Centre Platform with Investment in Fuzion

(IN BRIEF) CapMan Infra has made an investment in Fuzion, a Danish data centre colocation provider, marking the company’s second move in creating a northern European data centre platform following its acquisition of Serverius in May 2023. Fuzion, known for … Read the full press release