BGL BNP Paribas and EIB partnership: EUR 50 million for businesses in Luxembourg*
The 17th of February 2016, the European Investment Bank (EIB) and BGL BNP Paribas signed a partnership agreement that will provide Luxembourg companies with access to investment totalling EUR 50 million.
Through this partnership, BGL BNP Paribas hopes to reaffirm its commitment as the top bank for businesses in Luxembourg by ensuring an investment flow to support companies' business activities, investment plans and job creation.
The EIB loan is a credit line** offering a reduced interest rate and is reserved for small and medium-sized enterprises (SMEs) and intermediate-sized enterprises (ETIs) in the Greater Region with fewer than 3,000 employees. This loan must be used to finance a project costing less that EUR 25,000,000 and completed in the European Union (creation and activity development).
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*Offer subject to terms and conditions. Please visit your branch for more information.
**Example for illustration purposes: for a 72-month loan totaling EUR 300,000 with a fixed debit rate of 2,66% annually, you will repay 72 instalments of EUR 4,512.51 (not counting optional insurance or application fees).
Total amount due by the borrower: EUR 324,907.92.