Financing Agreement Eu

President Werner Hoyer said: “By offering this new line of credit to finance SMEs, the EIB is once again underlining the key role played by SMEs in strengthening the competitiveness of the European economy by promoting sustainable economic and economic growth and employment.” President Werner Hoyer and Mr Escolano, Vice-President of the European Investment Bank, travelled to Spain today to meet the President of the Spanish Government, Mariano Rajoy, and the Minister of Economy and Competitiveness, Luis de Guindos. The meetings focused mainly on the European Bank`s engagement in the country and supporting the EU`s competitiveness. On the occasion of this visit, the loan contract was 1 billion euros. ICO President Irene Garrido added: “I would like to highlight the support that ICO has received on many occasions from the EIB and thank the Bank for the confidence it has once again placed in ICO and in Spain, convinced that this will undoubtedly contribute to improving the financing of Spanish small and medium-sized enterprises and stimulating the recovery already begun of the Spanish economy.”

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