Investment Plan provides financial boost for medium-sized companies in Finland

The European Investment Bank (EIB) has signed an agreement with OP Bank worth €150 million under the European Fund for Strategic Investments (EFSI), the core of the Investment Plan for Europe. This guarantee agreement under the EFSI allows OP to lend up to €300 million to companies with a minimum turnover of €30 million. Vice-President Jyrki Katainen, responsible for Jobs, Growth, Investment and Competitiveness, said: “The Investment Plan for Europe has proven incredibly successful when it comes to providing financing to small and medium-sized companies in Europe. In relative terms, Finnish SMEs have benefitted less from EFSI financing than SMEs in many other Member States. Therefore, I’m very happy that thanks to this new €150 million agreement with OP Bank, medium-sized Finnish businesses will benefit from the Investment Plan, and as a result, be able to expand their operations and create new jobs across the country.”