The European Investment Bank (EIB) Group announced on Tuesday (January 17th) that it has strengthened its collaboration with the Utrecht-based banking company Rabobank , which is making available more than 1 billion euros in favorable loans for Dutch small and medium-sized enterprises. This is the second capital relief operation concluded between the EIB Group and Rabobank since 2018. The capital will be divided into two parts: First, impact loans for sustainable entrepreneurs The second is for COVID relief, among other things Under the seventh iteration of impact loans, the EIB will lend Rabobank €300 million to match this amount, making a total of €600 million to be issued as new loans for entrepreneurs concerned about sustainability.
In addition, €445 million will be invested by the European Investment Fund, the EIB's subsidiary, under a separate credit risk-sharing operation, which will make €1 billion available. “The EIF will guarantee a junior tranche on a portfolio of SME loans held by Rabobank and Pakistan Phone Number List is counter-guaranteed by the European Guarantee Fund (EGF), freeing up part of Rabobank's capital,” says the EIB. The EIF supports micro, small and medium-sized enterprises in Europe (SMEs) by helping them access finance. The EIF designs and develops venture capital and development instruments, guarantees and microfinance instruments that specifically target this market segment. Kirsten Konst, Director of Commercial Clients and Board Member of Rabobank, says.
We are committed to making a difference as a cooperative bank , and contributing to a more sustainable world is important to Rabobank. Our goal is to continually improve our understanding of our customers' needs and challenges. These transactions allow us to support our clients in achieving their goals. Rabobank is therefore proud to continue its partnership with the EIB and the EIF. » The European Investment Bank (EIB) issues term loans on behalf of the European Union . The Bank is directly owned by EU member states – the Netherlands owns 5.2% of its shares – and is therefore able to offer extremely cheap loans on the capital market. Impact Loan Eligibility According to the EIB, impact loans are available to entrepreneurs and small businesses.
