The European Investment Bank (EIB) will allocate a €25 million loan to Belarusbank to finance small and medium-sized business. The corresponding agreement was signed by Chairman of the Board of Belarusbank Viktor Ananich and EIB Vice President Alexander Stubb on 20 November, reported the communications department of the Belarusian bank.
Loan resources will be provided to companies with the personnel under 250 people and the state’s share in the charter capital at 25% at the most.
“The European Investment Bank is beginning to expand its activities in our country, and the conditions it provides are unique and maximally comfortable for customers. Support for small and medium-sized businesses is one of Belarusbank’s priorities. Thanks to its developed infrastructure, accessibility services in all regions of the country, reliability and an integrated approach to servicing the business, Belarusbank keeps a leading position among Belarusian banks in the segment,” the communications department said.
The European Investment Bank is the European Union’s bank that provides long-term finance and expertise for sustainable investment projects in Europe and outside its borders. The bank is owned by 28 European Union member states. Major areas of activity include SMEs, innovations, and infrastructure projects.
