EIB grants record-high loans of EUR 2.1 billion

In comparison, a year earlier the EIB granted loans worth EUR 1.3 billion. On May 1, the bank lowered its interest from 25 basis points to 13 basis points over the LIBOR rate as, "We are no longer in the group of accession countries. We became a full member of the EU and shareholders of the bank, to which the Bank applies a lower interest rates," said Jacek Tomorowicz from the Finance Ministry. According to the information from the Finance Ministry, interest on recent loans granted for 25 years amounted to 4.3%. "Such low rates are not applied by any institution," said Tomorowicz. The majority of the funds provided to the state are designated mainly for investments in infrastructure. It is expected that demand for the funds from the EIB should remain high next year. (Parkiet, p. 7) M.M.