Bank | Tags | Econostrum | Economic News in the Mediterranean

The Crédit Agricole becomes a majority shareholder in its Egyptian subsidiary

09/13/2022 | Services

EGYPT / FRANCE. Crédit Agricole now owns 52% of the capital of Crédit Agricole Egypt, its subsidiary based in Cairo.

bank, BNP Paribas, Cairo, Crédit Agricole, Crédit Agricole Egypt, Crédit Lyonnais, Egypt, Egyptian American Bank, Egyptian Stock Exchange, Emirates NBD, France, National Société Générale Bank, Qatar National Bank

European Commission authorises €500m state aid to Croatian companies

07/12/2022 | Society / Institutions

CROATIA. The European Commission authorises a Croatian state aid scheme under the temporary framework defined by the institution to better respond to crisis situations.

bank, Croatia, Croatian Bank for Reconstruction and Development, European Commission, HBOR, Hrvatska Banka Za Obnovu I Razvitak, Margrethe Vestager, Russia, state aid scheme, Ukraine

ProCredit Bank obtains €30m to finance Serbian SMEs

06/14/2022 | Services

SERBIA. The European Bank for Reconstruction and Development is opening a €30m credit line to ProCredit Bank, which will on-lend the funds to local small businesses.

Albania, bank, EBRD, energy efficiency, European Bank for Reconstruction and Development, green investments, Igor Anić, Matteo Colangeli, Northern Macedonia, Open Balkans, ProCredit, ProCredit Bank, renewable energy, Serbia, services, smes

Banka për Biznes to grant €5 million in loans to Kosovo SMEs

12/14/2021 | Services

KOSOVO. The European Bank for Reconstruction and Development is granting a €5m credit line to Banka për Biznes to be on-lent to local SMEs.

Arton Celina, bank, Banka për Biznes, EBRD, Emmanuel Macron, European Bank for Reconstruction and Development, European Union, France, French Presidency of the Council of the European Union, Kosovo, Luigi Brusa, Matteo Colangeli, Pme, WB EDIF, Western Balkans

Proparco and UIB join forces to support Tunisian entrepreneurs

12/08/2021 | Services

TUNISIA / FRANCE. Proparco grants an exceptional guarantee of 1 M€ to the International Union of Banks to enable it to grant loans guaranteed at 80% by the subsidiary of the French Development Agency group to Tunisian Smes.

AFD, bank, ChooseAfrica, companies, covid-19, France, French Development Agency, Guillaume Barberousse, health crisis, Proparco, Raoul Labbé de la Genardière, Resilience, Sme, Tpe, Tunisia, UIB, Union internationale des banques

Italy asks Europe for two more years to save Monte dei Paschi di Siena

12/02/2021 | Services

ITALY. The world's oldest bank will turn around its accounts in 2021, but needs time and 2.5 billion euros of new money to meet the standards imposed by Brussels.

bank, EU, Europe, Italy, Monte dei Paschi di Siena, MPS, UniCredit

Garanti BBVA Leasing to on-lend $25m of climate finance

11/23/2021 | Environment

TURKEY. The Turkish company Garanti BBVA Leasing is to benefit from a $25 million line of credit from the European Bank for Reconstruction and Development to help companies with their climate investments.

bank, EBRD, European Bank for Reconstruction and Development, European Union, Guarantee BBVA Leasing, Turkey, Turkey sustainable energy financing facility, Turkish Ministry of Treasury and Finance, TurSEFF

LCL and EIB to lend €200m to healthcare professionals

10/29/2021 | Services

FRANCE. LCL and the European Investment Bank have signed a partnership agreement to open a €200 million credit line dedicated to independent health professionals or those working in small or medium-sized businesses.

bank, Crédit Agricole, EIB, European Investment Bank, France, health, health professions, LCL, Paris Agreement, pharmacies, PLS, Yann Lhuissier

EIB and Santander join forces to provide €2bn to companies affected by the crisis

06/22/2021 | Services

EU. As part of the European Guarantee Fund, the European Investment Bank and the Spanish bank Santander sign two agreements to open credit lines reserved for the early payment of suppliers.

Austria, Banco Santander, bank, EGF, European Guarantee Fund, European Investment Bank, finance, France, Germany, Italy, José M.Linares, Ricardo Mourinho Félix, SME, Spain

European Investment Bank puts €3.7bn on the table to help businesses

03/12/2021 | Society / Institutions

EU. The European Investment Bank approves €3.7 billion in new financing to support the private sector in the face of the pandemic, improve the energy transition and transport.

Alba Leasing offers €980m of financing to Italian SMEs with the help of the EIB

10/19/2020 | Society / Institutions

ITALY. 8,000 Italian companies will be able to benefit from €980m in additional financial resources thanks to an agreement between the European Investment Bank and Italian leasing specialist Alba Leasing.

version française

Alba leasing, Banco BPM, Banco Popolare di Sondrio, bank, BPER Banca, Credito Valtellinese, EIF, energy, energy efficiency, European Investment Bank, European Investment Fund, finance, Italian SMEs, Italy, leasing, renewable energy, sustainable development

West Bank businesses benefit from $10 million in loans to better fight against the impact of the coronavirus

10/16/2020 | Services

PALESTINE. The European Bank for Reconstruction and Development (EBRD) is lending $10 million to the National Bank (NBT) fund in Palestine.

version française

bank, coronavirus crisis, EBRD, Faten, finance, Gaza, loan, Palestine, West Bank

Kosovo Finance Agency secures €4.5m to support Kosovo's micro-enterprises

07/21/2020 | Services

KOSOVO. The EBRD, EFSE and CoopEst are lending €4.5m to the Kosovo Finance Agency to enable it to provide loans to Kosovar micro-enterprises and SMEs in difficulty.

AFK, bank, CoopEst, Crédit Coopératif, EBRD, EFSE, European Fund for South East Europe, European Investment Fund, finance, Kosovo, Kosovo Finance Agency, Macif, micro-credit

Philip ter Woort to lead EBRD operations in the Eastern Mediterranean

04/28/2020 | People

MEDITERRANEAN. Philip ter Woort is appointed Director General of the European Bank for Reconstruction and Development for the Eastern Mediterranean region.

bank, EBRD, Egypt, Gaza Strip, Heike Harmgart, Jordan, Lebanon, London, Mediterranean, Philip ter Woort, Semed, West Bank

Michel Gonnet - “African nations need new public-sector stakeholders to guarantee long-term investments”

01/28/2019 | African and european view on the Mediterranean

Author of the report entitled “Financing VSE/SMEs and safeguarding investments”, published by the Institut de Prospective Economique du Monde Méditerranéen (IPEMED), Michel Gonnet* provides clues to overcoming the challenges for Africa’s development and its integration into the wider Africa-Mediterranean-Europe region. Version française

Africa, bank, Caisse des dépôts et consignations, Financing VSE/SMEs and safeguarding investments, France, Institut de Prospective Economique du Monde Méditerranéen, IPEMED, Michel Gonnet, SME, VSE

Developing financial institutions for more inclusiveness in the MENA region

05/28/2018 | Development models in Mediterranean

Version française

bank, economic, Egypt, Emnes, Euro-Mediterranean Network for Economic Studies, Europe, Financial institutions, financial markets, islamic finance, Jordan, MENA, microfinance, Morocco, Sme, sustainable, Tunisia

Structural policies mark their return

10/16/2012 | Socio-economic assessments

The difficulties associated with the crisis must not call structural policies into question. On the contrary: Mediterranean states’ tradition of support should continue, with an emphasis on industrial policies and continued efforts at opening up their markets.

bank, clermont-Ferrand, economic and financial crisis, FEMIP, Femise, Mediterranean, Patrick Plane, SME, Tunisia

Egyptian economy weathers economic crisis well

10/15/2012 | Socio-economic assessments

EGYPT. Strong internal demand and government measures to support the economy allowed Egypt to avoid the worst effects of the global crisis. For 2011, the Egyptian authorities have forecast economic growth of more than 6%.

bank, Cairo, domestic demand, economic and financial crisis, EFG Hermes, Egypt, egyptian economy, Europe, finance, GDP, Hany Dimian, Rachid Mohamed Rachid, tourism, unemployment, world economic, Zoheir Garranah