The European Investment Bank (EIB) delivered a
record €79 billion in lending volume in 2009.
This is a 37 percent increase from €58 billion
in 2008, the EU’s long-term lending institution said.
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In detail, the EIB provided €13 billion in
credit lines to intermediary banks and their leasing
subsidiaries for targeted lending to SMEs, an increase of 55
percent compared to the year before.
By the end of 2009, intermediary banks and
lessors received more than 75 percent of the €21 billion credit
lines the EIB had committed to for the 2008-2009 period, to support
some 50,000 SMEs during the credit crisis.
Alongside specific funds for SMEs, the EIB has
increased its lending to economically weaker regions across Europe
(so-called “convergence regions”) and to the green energy
sector.
Antonio Fabrizio
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