EIF and Cajas Rurales sign new SME Initiative guarantee agreement for Spanish businesses

The European Investment Fund (EIF) - part of the European Investment Bank Group - and Cajas Rurales have signed an SME Initiative guarantee transaction in Spain, to provide EUR 200 million of loans to Spanish SMEs.

Read more details in the Spanish press release.

About EIF

The European Investment Fund (EIF) is part of the European Investment Bank Group. Its central mission is to support Europe's micro, small and medium-sized businesses (SMEs) by helping them to access finance. EIF designs and develops venture and growth capital, guarantees and microfinance instruments which specifically target this market segment. In this role, EIF fosters EU objectives in support of innovation, research and development, entrepreneurship, growth, and employment.

About the EIB

The European Investment Bank (EIB) is the long-term lending institution of the European Union owned by its Member States. It makes long-term finance available for sound investment in order to contribute towards EU policy goals.

EIF: David Yormesor, Tel.: +352 42 66 88 346, e-mail: d.yormesor@eif.org

EIB: Mercedes Landete, Tel.: +352 4379 82371, e-mail: m.landete@eib.org