articles | 21 December 2016

EIB president to visit Cyprus for RCB-EFSI deal

European Investment Bank (EIB) President Werner Hoyer will pay a visit to Cyprus on December 23 2016, a press release from the Ministry of Finance said.

Hoyer will have a meeting with Finance Minister Harris Georgiades to discuss cooperation between Cyprus and the EIB and the Bank’s activities in the context of joint efforts to support the economy of Cyprus.

On December 23, the European Investment Fund and RCB bank will sign a loan agreement amounting to €10 million, the first agreement to be signed in Cyprus in the context of the European Fund for Strategic Investments, a basic pillar of the Investment Plan for Europe.

Hoyer and Georgiades will sign a Loan and Guarantee Agreement of €40 million with RCB Bank, to fund SMEs and mid-cap companies in Cyprus.

Source: InCyprus

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