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Byblos Bank allocates EU 45 million for loans to small and medium businesses and to women


Byblos Bank recently signed its third agreement with the European Investment Bank according to which Byblos Bank will allocate a total of EU 45 million as loan to small and medium businesses.  Byblos Bank will be providing these businesses with credit facilities at competitive (fixed and otherwise) interest rates over extended periods of time reaching up to 12 years.  Byblos Bank will also encourage women’s entrepreneurship and environmentally friendly initiatives especially in productive sectors such as industry, services, health, energy, communication, ICT, higher education as well as industries based on the knowledge economy.
The vice director and responsible of commercial banking services at the Bank Byblos Group, Fadi Nassar, noted that small and medium enterprises are a driving force that encourages investment and international trade amongst the private sector and is a augur for a more prosperous future for the youth.
Source: Al-Mustaqbal 3 July 2014

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