Italy: €200M Agreement between European Investment Bank (EIB), illimity to Support SMBs
The European Investment Bank (EIB) is granting a €100 million loan to illimity which, in turn, “undertakes to invest an additional €100 million for small businesses through b-ilty, the illimity Group’s digital bank.” As noted in the update, 30% of the resources will be “channeled to… Read More
Read more in: Fintech, Global, Politics, Legal & Regulation | Tagged b-ilty, banking, corrado passera, digital banking, eib, europe, european investment bank, financial services, illimity, italy, loans, small businesses, smbs, sme's, virtual bank