Austria: EIB supports SMEs
The EIB is providing a €100 million global loan to Raiffeisenlandesbank Oberösterreich (RLB OÖ). “We want to use these funds to help small and medium-sized enterprises (SMEs) invest, focusing particularly on climate action and innovation projects and on sustainability. Despite the current COVID-19 situation, we must not lose sight of the future – sustainability is therefore playing an increasingly important role for us,” said Heinrich Schaller, CEO of RLB OÖ. A portion of the funds will also go towards promoting investments in companies with female leaders. The idea behind this comes from an EU pilot project in the banking sector that aims to enhance women’s participation in management.