Slovak exporters get a €100 million financing programme
The EIB and Eximbanka will each contribute €50 million, with most funding aimed outside the most developed regions.
The European Investment Bank and Slovak export-credit agency Eximbanka announced an agreement to provide up to €100 million in financing for businesses seeking to expand internationally. Eximbanka will match a €50 million loan from the EIB and lend the combined amount to eligible firms.
The programme targets small and medium-sized companies and mid-sized firms investing in innovation or upgrades. The EIB says around 80 percent is earmarked for businesses in less developed parts of Slovakia.
The partners say borrowers will have access to lower rates and longer repayment periods than those typically available in the local loan market. The programme's total describes the lending capacity available across businesses.
