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August 25, 2009updated 12 Apr 2017 4:33pm

Banco Sabadell and EIB to support Spanish SMEs

Spains Banco Sabadell and the European Investment Bank (EIB) have signed an agreement to open a 200 million credit line to Spanish SME-sized firms. The agreement covers both loans and leasing contracts to meet the financial needs of local small and medium-sized companies for investments in fixed assets to cover the costs of financing needed to ensure their growth. The agreement follows a larger plan approved by the EIB in September to earmark 15 billion over the period 2008-2009 for loans to SMEs throughout Europe granted via commercial banks and their leasing subsidiaries.

By Antonio Fabrizio

Spain’s Banco Sabadell and the European Investment Bank (EIB)
have signed an agreement to open a €200 million credit line to
Spanish SME-sized firms.

The agreement covers both loans and leasing contracts to meet
the financial needs of local small and medium-sized companies for
investments in fixed assets to cover the costs of financing needed
to ensure their growth.

The agreement follows a larger plan approved by the EIB in
September to earmark €15 billion over the period 2008-2009 for
loans to SMEs throughout Europe granted via commercial banks and
their leasing subsidiaries.

Antonio Fabrizio

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