The European Investment Bank is providing Erste Bank with €100m in financing to support affordable housing in Austria. Erste Bank will add a further €100m of its own funds to the EIB financing, enabling it to invest a total of €200m in social housing over the next three years.
The agreement promotes the construction of new subsidized or social rental housing. For the first time, the financing will provide fixed interest rates with terms of up to 28 years for rental housing. The funds are expect...
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