EIB guarantee to meet underserved needs of inventive and fast growing mid-capsCorporate News -
A guarantee agreement with the European Investment Bank (EIB) will enable NIBC to provide up to EUR 500 million of loans to inventive mid-sized enterprises in the Dutch and German markets. The Guarantee improves access to finance for companies with up to 3,000 employees and enables NIBC to offer larger amounts of senior debt financing. The operation is supported by ‘InnovFin – EU Finance for Innovators’ and has the financial backing of the European Union under Horizon 2020 Financial Instruments.
The guarantee is specifically designed to meet the underserved needs of these fast-growing companies across various sectors. The Financial Instrument is based on risk-sharing and aims to foster growth and competitiveness in Europe. The available EUR 500 million will support investments in growth, research, development, and innovation. Mid-cap borrowers will additionally benefit from the convenience of dealing entirely with NIBC.
It is encapsulated in our DNA to support this driving force behind the Dutch economy with advice, bespoke financing and capital market solutions that are tailored to the specific needs of our clients.” says NIBC CFO Herman Dijkhuizen. “This guarantee agreement with the European Investment Bank will boost our clients’ access to funds and help them grow their innovative businesses.