Irish SMEs to benefit from €350m European loan fund

The European Investment Bank (EIB) is finalising agreements to extend three new-generation EIB loans for small and medium sized enterprises (SMEs) in Ireland for a total of €300m, it was announced today.

The three recipient banks AIB, Ulster Bank and Bank of Ireland, will act as financial intermediaries for the EIB funds, passing them onto SMEs with projects which further EU policy objectives.