EIB approves €70m SME financing to Capital Bank of Jordan

The European Investment Bank is supporting the Jordanian economy with a €70 million line of credit to Capital Bank of Jordan. The funds will be on-lent primarily to local small and medium-sized enterprises that have been severely affected by the economic consequences of the coronavirus outbreak.

This is the EU bank’s first operation in response to the COVID-19 impact in Jordan, and is part of its €6.77 billion support package in countries outside the EU in the context of Team Europe’s response to help mitigate the impact of the coronavirus pandemic.