EIB triples financing for banks to provide liquidity to SMEs in the supply chain of Europe's defence industry, signs first deal with Deutsche Bank
Luxembourg, June 11 -- The European Investment Bank (EIB) is tripling to €3 billion the intermediated financing available to Europe's defence-industry suppliers in a fresh move to bolster security on the continent. The EIB is also triggering the new facility through an inaugural agreement with Deutsche Bank, providing long-term liquidity earmarked for security and defence investment projects.The EIB's increase in intermediated financing targets small and medium-sized enterprises (SMEs) that are a pillar of Europe's defence industrial base. The EIB is providing a €500 million loan to Deutsche Bank, in a partnership that will enable €1 billion in financing and working capital for SMEs throughout the European Union security a...
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