Collector Bank to lend SEK 1bn to Swedish SMEs with Juncker Plan support

EPA/MAURITZ ANTIN

(FILE) A file photo dated 02 March 2012 shows the building of the European Central Bank (ECB) reflected in the Euro sign logo by artist Otmar Hoerl in Frankfurt am Main, Germany. Annual eurozone inflation fell to a more-than four-year low in March increasing the pressure on the European Central Bank to act to head off fears of deflation. The region's cost of living slumped to 0.5 per cent in March compared with 0.7 per cent in February, the European Statistics Office Eurostat said on 31 March 2014.

Collector Bank to lend SEK 1bn to Swedish SMEs with Juncker Plan support


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The European Investment Fund has signed a guarantee agreement worth SEK 1 billion (around €94 million) under the EU’s COSME programme with Collector Bank to support its lending to SMEs in Sweden.
The agreement allows Collector Bank to offer loans to start-ups and small businesses at favorable terms.
The deal is backed by the European Fund for Strategic Investments, the heart of the Juncker Plan and the COSME Loan Guarantee programme.

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