The European Investment Bank Group and HSBC France signed two major financial agreements to increase lending to French businesses, on 06 June.
The first agreement concerns a €250m credit line granted by the EIB to HSBC France, which will enable HSBC’s French subsidiary to lend up to €500m to small and medium-sized enterprises and mid-caps mostly for “green” projects promoting energy transition, while the second agreement concerns a financial guarantee of €200m provided to HSBC France by the European Investment Fund, the subsidiary of the EIB Group dedicated to the financing of small and medium-sized enterprises.
This guarantee comes under the Juncker Plan, whose aim is to facilitate investment in innovative enterprises, which are often considered riskier.