The European Investment Bank (EIB) has announced it will lend
€440 million to SMEs across central and eastern European through
subsidiaries of Austria’s Erste Bank AG.
€100 million will be allocated specifically for leasing, and
will be provided through Erste Bank’s Immorent leasing unit to
borrowers in the Czech Republic, Hungary, Slovakia, Poland,
Romania, Bulgaria, Slovenia and Austria.
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“In the current turbulent climate more than ever, we need to
ensure that SMEs have an improved access to financing, so that they
can continue their activity,” said Andreas Treichl, Erste Bank’s
chief executive.
“As long-term investors in CEE, both Erste Group and EIB stick
to their responsibility to ensure a continuous flow of lending to
the real economy.”
Immorent, a subsidiary of Erste Bank, provides both real estate
leasing and equipment leasing throughout the CEE region.
This announcement follows from
last week’s separate announcement that the European Bank for
Reconstruction and Development (EBRD) was investing €432.4 million
in UniCredit subsidiaries across eight eastern European
countries.
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By GlobalDataJason T Hesse
