Published: October 6, 2010
EBRD, EIB and World Bank lend €27bn to sector in H1.
The three organisations behind the Joint IFI Action Plan – the European Bank for Reconstruction and Development, the European Investment Bank and the World Bank – have already surpassed their target for lending to the banking sectors across central and eastern Europe.
By the end of August, the three IFIs had lent €27bn (US$37bn). Their initial target for 2009-2010 was €24.5bn.
In a statement, the organisations said challenges remain with respect to adequate credit levels to the real economy, strengthening bank balance sheets, mitigating credit risk and addressing y existing capital constraints and non-performing loan ratios. “There is also a need to remain vigilant with respect to potential additional shocks,” they said.