| Author (Corporate) | European Commission: DG Communication |
|---|---|
| Series Title | Press Release |
| Series Details | IP/12/1053 (03.10.12) |
| Publication Date | 03/10/2012 |
| Content Type | News |
|
The European Commission has welcomed the commercial launch in Austria of a new European Union loan guarantee facility for innovative small and medium-sized enterprises (SMEs). The Risk Sharing Instrument (RSI), developed by the European Commission in partnership with the European Investment Bank Group, will help small firms gain access to finance by guaranteeing some of the risk that banks take on through their lending. The European Investment Fund, which is managing the facility, signed a first RSI agreement with UniCredit Bank Austria to support up to €120 million of lending over the next two years. |
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| Source Link | Link to Main Source http://europa.eu/rapid/pressReleasesAction.do?reference=IP/12/1053&format=HTML&aged=0&language=EN&guiLanguage=en |
| Subject Categories | Business and Industry |
| Countries / Regions | Austria, Europe |
