The Finance Ministry has announced that the credit lines will be singed by Minister of Finance Harris Georgiades and EIB Vice President Jonathan Taylor.
During his stay on the island, Talyor will hold a number of meetings with Georgiades with whom he will discuss matters of cooperation between Cyprus and the EIB and the Bank’s activities in the context of supporting the Cypriot economy.
The credit lines include €100 million to Bank of Cyprus, €20 million to RCD, €15 million to the Cyprus Development Bank and €15 million to USB aiming at financing SMEs and midcaps.
EIB’s total funding to Cyprus for the period of 2011–2015 amounted to €1,31 billion.
Source: InCyprus
Related Articles
See all articles
Related Insights
See all insightsInsight | 27 January 2025 |
Georg Bühler, ,
Digital assets are no longer a niche, but a part of modern finance attracting a growing number of investors – and there is immense potential for Cyprus to become a leading cryptocurrency hub. By fostering a more inclusive regulatory ecosystem, Cyprus can diversify its financial services sector and position itself at the forefront of digital finance, says Georg Bühler, Managing Director of Mount Pelion Capital.
Read Georg Bühler's Insight
