Econostrum | Economic News in the Mediterranean



LCL and EIB to lend €200m to healthcare professionals

Private doctors and pharmacists will be able to benefit from subsidised loans (photo: LCL)
Private doctors and pharmacists will be able to benefit from subsidised loans (photo: LCL)
FRANCE. On Friday 29 October 2021, LCL and the European Investment Bank (EIB) signed a partnership agreement to support self-employed healthcare professionals (PLS) and small and medium-sized enterprises.

Thanks to this agreement, the French bank will benefit from a €200m credit line granted by the EIB. Crédit Agricole S.A.'s subsidiary will be able to on-lend it in the form of subsidised loans to meet the financing needs of its healthcare and pharmaceutical customers. The loans will be used to support the development of these self-employed professionals' activities by helping them "to set up in areas where there is a shortage of doctors and pharmacists as well as throughout the country, and to group together in health centres", according to a joint press release. 20% of the budget will be used to help PLSs who are located, or who have decided to locate, in regions or territories affected by medical desertification.

"This is a priority sector for Europe, essential to the well-being of its citizens, and the role of the European Union's public bank is to contribute to it alongside those who are investing to improve our health system by meeting the needs of its professionals", comments EIB Vice-President Ambroise Fayolle.

Compliance with the Paris Agreements

The loans may cover up to 100% of the needs expressed by the health professional. However, they are subject to compliance with the social and environmental standards adopted by the EIB in line with the Paris Climate Agreement.

Calling itself "the historic and leading partner of healthcare professionals and pharmacies in the city", LCL is thus completing its range of offers to them. "In line with its long-standing commitment to healthcare professionals, LCL's partnership with the EIB reinforces its efforts to support the establishment and development of LSPs," said Yann Lhuissier, member of the Executive Committee in charge of Specialised Markets at LCL.

Eric Apim

Friday, October 29th 2021

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