Luxembourg, EIB Agrees with BGL BNP Paribas to Finance to SMEs

The European Investment Bank (EIB) and BGL BNP Paribas, one of the largest banks in the Grand Duchy of Luxembourg, have concluded a partnership agreement whereby the latter will distribute a €50m EIB loan for SMEs.
Under the agreement, BGL BNP Paribas will lend the EIB funds to small and medium-sized businesses (SMEs) to support their investment projects.
This EIB loan for SMEs consists of a credit line that BGL BNP Paribas will deploy in support of small businesses with fewer than 250 employees operating in a wide range of economic sectors eligible for EIB financing. Eligible projects must be carried out within the European Union and cost a maximum of €25m each.

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