ANNOUNCEMENT 12 Dec 2017
In December 2017, the European Investment Bank (EIB) signed a credit line agreement with Commerzbank AG to support small and medium-sized enterprises (SMEs) and mid-cap companies in Germany.
NUMBER OF INTERVENTIONS
The European Investment Bank, Financed Projects, COMMERZBANK LOAN FOR SMES AND MIDCAPS VI: http://www.eib.org/en/projects/loan/loan/20170428
The European Investment Bank, Project summary, Project No. 20170428, Project name: COMMERZBANK LOAN FOR SMES AND MIDCAPS VI: http://www.eib.org/en/projects/pipelines/pipeline/20170428
The credit line agreement between the European Investment Bank (EIB) and Commerzbank AG was signed on 12 December 2017 and has a total value of EUR 250 million (approx. USD 293 million).
More specifically the credit line will through Commerzbank AG finance various project carried out by German SMEs and mid-cap companies. The EIB notes that: "possible sectors may be manufacturing, transport, wholesale and retail trade. A minimum of 70% of the loan will be used to finance SMEs." Commerzbank AG has its headquarter in Germany.