ECONOMY

NBG and EIB ink lending agreement

National Bank of Greece (NBG) CEO Takis Arapoglou (photo, standing) yesterday signed an agreement with the European Investment Bank (EIB) regarding a 250-million-euro financing facility to boost lending to small and medium-sized enterprises. ‘The EIB facility will be used by NBG to finance tangible and intangible investments and the working capital needs of Greek enterprises with fewer than 250 employees in the fields of industry, agro-industry, services and tourism,’ the EIB said in a statement. ‘In the last eight months, the EIB has implemented in Greece new facilities exceeding 1.1 billion euros in cooperation with eight major Greek lenders,’ it added.