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Banco BPI secures €350M loan from European Investment Bank

Banco BPI SA obtained a loan of €350 million from the European Investment Bank, the latter said Dec. 22.

The two-tranche loan comprises €300 million to finance the investments by small- and medium-sized companies and €50 million to finance corporate energy efficiency investments in the country. The €300 million is the first portion of a loan that will eventually total €400 million.