€150m loan offer from EIB

THE European Investment Bank has made €150 million available for small and medium-sized Irish business borrowers involved in long-term capital intensive projects.

AIB will handle the funds in the form of a global credit facility which they will lend-on to individual SMEs.

The money is targeted for financing capital investment projects undertaken by SMEs in industry and services, aimed at generating growth and employment by increasing their productivity and competitiveness.