22 Aprilie 2009
EBRD boosts support for crisis-hit medium sized companies
European Bank for Reconstruction and Development has approved a new facility, under which the European lender will provide up to 250 million euros in short and medium term loan financing to its medium-sized clients who have been negatively affected by current market conditions.
EBRD will secure up to 20 million euros per individual client in loans tailored to their specific needs, which could mean providing working capital, balance sheet consolidation, the completion of existing investment programs or small new investments in, for example, energy efficiency or environment.
The facility is addressed to clients operating in the “real”/corporate sector, not in the financial sector –it excludes banks, investment funds, insurance companies, EBRD informs.
The facility is addressed to clients operating in the “real”/corporate sector, not in the financial sector –it excludes banks, investment funds, insurance companies, EBRD informs.