The EIB will disburse a total of 1.44 billion euros ($1.75 billion) in loans to small and medium-sized businesses by the end of 2015 via Greek banks, the ministry said in an e-mailed statement.
“We look forward to the re-engagement of the EIB in the Greek economy as soon as possible,” especially as the bank’s lending in Greece “fell to a very low level this year of around 10 million euros,” Finance Minister Yiannis Stounaris said following a meeting with EIB chief Werner Hoyer, according to the statement.
The EIB also agreed to support privatizations in Greece, energy and waste management projects as well as foreign investment, the statement said.
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