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• European Investment Bank Loans To Drop 18% On Year - President
Date 04/09/2010 22:16  Author webmaster  Hits 205  Language Global
04 SEP 2010

Automated Trader

ALPBACH, Austria -(Dow Jones)- The European Investment Bank expects to reduce its 2010 lending by 18% because of lower corporate lending demand, its president told Dow Jones Newswires Friday.

The European Investment Bank, or EIB, expects to extend total credits of EUR65 billion in 2010, down from EUR79 billion in 2009, EIB President Philippe Maystadt said.

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