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The EIB - the EU bank
The EIB - the EU bank
 
December 2013     

EU Bank to boost EIF capital

The EIB stands ready to strengthen the European Investment Fund, allowing its subsidiary to expand its activities significantly from 2014 onwards.

“The EIF is a powerful tool to help SMEs access finance and is the ideal complement to the business of the EU Bank in fostering growth, jobs and innovation in Europe” said President Hoyer.

The EIB Group achieved EUR 23.1 billion of support to SMEs in 2013.

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“Our emphasis has been put on jobs for youth in SMEs.

Since July, our funds have contributed to stabilising more than 50 000 jobs for young people in France, Spain, Ireland and Italy.”

Werner Hoyer, EIB President

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