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The Cabinet decided on Wednesday to grant government guarantees to the European Investment Bank (EIB) for two loans to Cypriot banks, to be used to finance small and medium-sized enterprises as well as mid-cap companies. EIB will grant a €50 million loan to RCB Bank and a €100 million loan to Bank of Cyprus.Deputy Government Spokesman, Panayiotis Sentonas said at the end of the meeting, according to the relevant evaluation studies, these loans were successful as they aimed mainly to …
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