EU and Luminor support Baltic SMEs and Mid-Caps ...Middle East

european union - Cultural
source : european union ( Middle East ) () 14
The EIB Group, consisting of the EIB and the EIF, has issued a guarantee to Luminor AS to support new lending to companies based in all three Baltic States. The facility is meant to help mitigate the impact of COVID-19 on the Baltic economies. Through a synthetic securitisation transaction – the first of its kind in the Baltics – between Luminor and the EIB Group (with support from the Investment Plan for Europe), Luminor will provide additional lending to small and medium-sized enterprises (SMEs) and Mid-Caps in these difficult economic conditions. The guarantee structure can support at least €660 million of additional loans and leases to SMEs and Mid-Caps in all three Baltic countries.

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