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Friday, December 7, 2018

EIB - 25 million euro for innovative Croatian SMEs and small mid-caps

Employment, Local development, Innovation, SME Policy,-,

News

The European Investment Fund (EIF) will provide a guarantee to Privredna Banka Zagreb (PBZ) for a 25 million euro portfolio of new loans to innovative small and medium-sized and small mid-cap businesses.



The European Investment Fund (EIF) will provide a guarantee to Privredna Banka Zagreb (PBZ) for a 25 million euro portfolio of new loans to innovative small and medium-sized and small mid-cap businesses.


The InnovFin guarantee will enable innovative SMEs and small mid-cap companies to benefit from more favorable financing terms than those currently available on the banking market in Croatia. Thus, loans included under the InnovFin portfolio will enable SME businesses to expand, innovate and create new jobs.

 


Source :  European Commission - Press release


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