The European Investment Bank (EIB) is providing a loan of EUR 20 million to SEB Vilniaus Bankas AB to support investments undertaken by mid-cap enterprises (companies with more than 250 and less than 3000 employees) throughout Lithuania. SEB Vilniaus Bankas will on-lend the EIB funds to mid-cap corporates implementing investment projects in manufacturing, services, energy, environment, research and development or innovation dissemination.

This is the EIB’s first mid-cap facility dedicated exclusively to Lithuania and will contribute to the Bank’s key corporate objective of fostering economic and social cohesion. It will allow SEB Vilniaus Bankas to access EIB long-term funds enabling it to increase term lending to mid-cap companies and diversify its sources of funding.

The EIB, the European Union's long term financing institution, finances economically viable investment projects that contribute towards the integration, balanced development and economic and social cohesion of the EU Member States. Outside the Union the EIB implements the financial components of agreements concluded under European development aid and cooperation policies.

With this new mid-cap facility the EIB acknowledges the important role of mid-cap companies in regional economic development and safeguarding of jobs. Their growth is a crucial factor in Europe's industrial vigour and it is vital to continue supporting these businesses as they develop.