MICROCAPITAL BRIEF: European Investment Fund Loans $7m to Šiauliu Bankas of ...
Global investments are becoming more popular these days with the US economy on shaky ground. Forex has started to fill the needs of investors looking to enter foreign markets. This increase in popularity has also attracted scam artists. Investigate any potential forex brokers before doing business with them. (Forexfraud.com is not affiliated with MicroCapital.)The deal was signed under the European Progress Microfinance Facility (EPMF), a microfinance initiative established with funding from the European Commission and the European Investment Bank (EIB).
According to Šiauliu Bankas CEO Audrius Žiugžda, “This microfinance facility is very important [in] expanding the activity of micro-enterprises, stimulating investments into capacities, creating quality jobs and for social inclusion by increasing women’s entrepreneurship.” As of December 31, 2010, Šiauliu Bankas had total assets of USD 896 million and a gross loan portfolio of USD 636 million.
By Rohan Trivedi, Research Associate
About European Investment Fund (EIF): The European Investment Fund (EIF) is a provider of risk finance to lenders to small and medium-sized enterprises (SME) in Europe. The fund is a public-private partnership whose shareholding structure includes the European Union’s European Investment Bank; the European Union, represented by the European Commission; and 29 financial institutions from European Union member states plus Turkey and Croatia. EIF is a member of the EIB Group, the parent organization of the European Investment Bank. As of December 31, 2010, EIF reported total assets of EUR 1.2 billion (USD 1.6 billion).
About Šiauliu Bankas: Šiauliu Bankas is a Lithuanian bank that lends primarily to small and medium-sized enterprises. Šiauliu Bankas was established in 1992 and is funded through deposits as well as loans from the European Bank for Reconstruction and Development (EBRD), the World Bank, the European Council Development Bank (ECDB), the Nordic Investment Bank and the European Union’s Poland and Hungary Assistance for the Restructuring of the Economy (EU PHARE) program. As of December 31, 2010, Šiauliu Bankas had total assets of USD 896 million and a gross loan portfolio of USD 636 million.
Sources and Additional Resources:
[1] Press release submitted by the European Investment Fund (EIF) to MicroCapital, June 2011
MicroCapital Universe Profile: European Investment Fund (EIF), http://www.microcapital.org/microfinanceuniverse/tiki-index.php?
Micro Loan Investing - News
According to Šiauliu Bankas CEO Audrius Žiugžda, “This microfinance facility is very important [in] expanding the activity of micro-enterprises, stimulating investments into capacities, creating quality jobs and for social inclusion by increasing
MICHELLE ANDONIAN/Kiva Detroit BY TOM WALSH Crystal Lecoy is a Midtown resident who plans to launch Detroit's first vegan food vending truck using a microloan from Kiva Detroit. / MICHELLE ANDONIAN/Kiva Detroit Nick Tobier's Brightmoor team has 10
A pilot project has been launched in the Paris branches of the BNP Paribas network, committed to making new investment loans to innovative micro-businesses and SMEs totalling up to EUR 5 million between now and end-2012. The partnership established in
(2354 TT) surged 6.7 percent to NT$127, the biggest advance since April 18, on speculation the stock had dropped “too much” after a decline in the company's May sales, said Tom Tang, an assistant vice-president at Masterlink Investment Advisory.
This makes investing in funds, publicly traded real estate companies and real estate loans more attractive. OFI Asset Management, a Paris-based fund management company, was accused by France's financial regulator of violating market rules by using one
MICROCAPITAL BRIEF: European Investment Fund Loans $7m to Šiauliu ...
Global investments are becoming more popular these days with the US economy on shaky ground. Forex has started to fill the needs of investors looking to enter foreign markets. This increase in popularity has also attracted scam artists. Investigate any potential forex brokers before doing business with them. (Forexfraud.com is not affiliated with MicroCapital.)
The deal was signed under the European Progress Microfinance Facility (EPMF), a microfinance initiative established with funding from the European Commission and the European Investment Bank (EIB).
According to Šiauliu Bankas CEO Audrius Žiugžda, “This microfinance facility is very important [in] expanding the activity of micro-enterprises, stimulating investments into capacities, creating quality jobs and for social inclusion by increasing women’s entrepreneurship.” As of December 31, 2010, Šiauliu Bankas had total assets of USD 896 million and a gross loan portfolio of USD 636 million.
By Rohan Trivedi, Research Associate
About European Investment Fund (EIF): The European Investment Fund (EIF) is a provider of risk finance to lenders to small and medium-sized enterprises (SME) in Europe. The fund is a public-private partnership whose shareholding structure includes the European Union’s European Investment Bank; the European Union, represented by the European Commission; and 29 financial institutions from European Union member states plus Turkey and Croatia. EIF is a member of the EIB Group, the parent organization of the European Investment Bank. As of December 31, 2010, EIF reported total assets of EUR 1.2 billion (USD 1.6 billion).
About Šiauliu Bankas: Šiauliu Bankas is a Lithuanian bank that lends primarily to small and medium-sized enterprises. Šiauliu Bankas was established in 1992 and is funded through deposits as well as loans from the European Bank for Reconstruction and Development (EBRD), the World Bank, the European Council Development Bank (ECDB), the Nordic Investment Bank and the European Union’s Poland and Hungary Assistance for the Restructuring of the Economy (EU PHARE) program. As of December 31, 2010, Šiauliu Bankas had total assets of USD 896 million and a gross loan portfolio of USD 636 million.
Sources and Additional Resources:
[1] Press release submitted by the European Investment Fund (EIF) to MicroCapital, June 2011
MicroCapital Universe Profile: European Investment Fund (EIF), http://www.microcapital.org/microfinanceuniverse/tiki-index.php?
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