Slovak bank to get another European bank loan to support SMEs


The European Bank for Reconstruction and Development will provide Slovakia's VUB [General Credit Bank] bank a further Ђ20m to support small and medium-sized enterprises (SMEs) under a contract signed in Bratislava on Friday .

The EBRD loan has a maturity of five years, and the Italian-owned VUB may use it to extend loans of up to Ђ125,000. "

Source: Financial Times



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Posted on Mar 10, 2003
Region: Slovakia