EIB and Fransabank renew support for SMEs in Lebanon with EUR 45 million credit line
The European Investment Bank (EIB) has granted a EUR 45 million to Fransabank to finance the investment projects of SMEs (firms with up to 500 employees). The EIB funds will be earmarked for financing projects in the sectors of industry and agro-industry, health, education, high knowledge and services.
This is the EIB‘s fifth transaction with Fransabank under its policy of supporting the economic development of small and medium-sized companies in order to foster economic recovery and job creation in Lebanon.
