The EBRD is lending Volksbank – Ljudska banka (VB LB), the Slovenian arm of Austria’s Oesterreichische Volksbanken AG, €7m to help small- and medium-sized enterprises (SMEs) gain access to more finance to build or expand their businesses. The loan is part of the EU/EBRD SME Finance Facility, a programme of the EU in cooperation with the EBRD to promote SME growth and development across the new EU countries and EU accession countries. The loan is being complemented with a grant of €1 m from the European Commission for technical assistance and other incentives to support staff training and to ensure successful implementation of the programme. Entrepreneurs employing up to 100 employees can draw up to €125,000 per each loan from VB LB under the agreement, while smaller businesses employing up to 10 employees can draw up to €30,000.
All news and features older than 7 days are subscription only. This article is from the archive. Archived articles could only be accessed with the subscription. If you are a subscriber please log in, alternatively you need to purchase a subscription to view the full content for this page.
