The Luxembourg Stock Exchange (LuxSE) has listed its 100th green bond on 18 February 2016. The bond was issued by the European Investment Bank (EIB) and brought EIB’s Climate Awareness Bond (CAB) 11/2026 to €1.5bn, making the CAB the largest green bond in this part of the curve. Back in 2007, the EIB launched and […]
Spain’s Banco Sabadell and the European Investment Bank (EIB) have signed an agreement to allocate €1bn to finance the investment projects and working capital needs of SMEs. Both institutions will contribute to half of the funds to provide industrial and service sector enterprises with financing at better interest rates and with more advantageous terms. The fund targets SMEs […]
CaixaBank’s MicroBank has signed an agreement with the European Investment Fund (EIF) €650m over the next three years. The initiative is part of EIF’s Competitividad de las Empresas y las Pyme de la Comisión Europea (COSME) which aims to cover part of MicroBank’s risk of giving access to microcredit. The programme will provide funds for some […]
The Green Growth Fund Southeastern Europe (GGF) and Azerbaijan-based MugaBank have announced the launch of a $5m senior loan enabling MugaBank to issue loans to energy-efficient businesses. The loans will allow to facilitate investments in EE measures for micro, small and medium enterprises (MSMEs) and households, GGF and MugaBank aim to achieve a projected primary […]
Italy’s Intesa Sanpaolo has signed a €75m agreement with the European Investment Bank (EIB), joining as Confirming Bank in the Trade Finance Facility in Greece, established in June 2013.
The European Investment Bank and Italy’s Intesa Sanpaolo have entered an agreement to provide €240m to support youth employment in SMEs, innovative start-ups and social projects.
The European Investment Bank has sold SEK500m worth of Climate Awareness bonds via a tap to boost its funding in this area.
Sweden’s SEB says in its latest Nordic Outlook report that it expects Spanish banks to tap into €150bn of recapitalisation funds, and that the European Investment Bank (EIB) will source an additional €50bn in order to fund up to €300bn worth of growth focused infrastructure projects around Europe.
The European Investment Bank (EIB) has warned it will avoid trading over-the-counter derivatives with US banks if it is forced to clear through a central counterparty (CCP).
Werner Hoyer, EIB president, has presented an up-beat assessment of the bank’s position, including its exposure to Greece.
George Soros has criticised Germany as “bearing a major of responsibility” for the financial crisis enveloping much of Europe, treating it only as a debt problem and so putting “all the burden of adjustment on the debtor countries”.
BNY Mellon has become the second group in a day to announce it is boosting its presence in German-speaking Europe by making two executive appointments.