EIB and Greek banks unveil €560m agriculture investment scheme

In:

Agriculture/food chain

Region:

Europe

The European Investment Bank will partner with the National Bank of Greece and Piraeus Bank to boost agricultural investment across Greece.

The new scheme is expected to back €560 million of new investment by farmers, agribusiness, food and bioeconomy companies across the country. The EIB will provide total of €200 million to National Bank of Greece and Pireaus Bank to strengthen lending to farmers, agriculture and agribusiness companies.

National Bank of Greece and Piraeus Bank will commit their own funds to enable €560 million of new investment, including contributions from final beneficiaries, to be supported.

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