Brief: EIB Group and BNP launch new operation to support French companies

Enterprise

07/01/2021 10:27

Jan 7 (Reuters) - BNP Paribas SA  BNPP.PA :
    * SAYS IT AND THE EIB GROUP HAD LAUNCHED A NEW
SECURITISATION
OPERATION TO SUPPORT FRENCH COMPANIES FACING THE CONSEQUENCES OF
THE COVID-19 CRISIS
    * SAYS THE CREDIT PROTECTION ENABLES IT TO FREE UP PART OF
THE
REGULATORY CAPITAL ALLOCATED TO THIS PORTFOLIO AND TO DEPLOY
€515 MILLION OF NEW LOANS TO SMES AND MID-CAPS IN FRANCE OVER
THE NEXT TWO YEARS.
    * QUOTES THE EUROPEAN COMMISSIONER FOR THE ECONOMY PAOLO
GENTILONI
AS SAYING "THIS AGREEMENT IS A CLEAR SIGNAL OF OUR STEADFAST
SUPPORT FOR BUSINESSES IN THESE DIFFICULT TIMES"

Source text for Eikon:  ID: 
Further company coverage:  BNPP.PA 

 (Paris Newsroom)
 ((Benoit.VanOverstraeten@thomsonreuters.com; +3314949 5339;))