Eastern European banks gain lifeline (Dealscape

Banks in central and eastern Europe will be given as much as €24.5 billion ($31.2 billion) in aid to stave off a looming collapse of the region's economies, the heads of three development banks said Friday.

The European Bank for Reconstruction and Development, or EBRD, the European Investment Bank, or EIN, and the World Bank said the money would be made available over the next two years to support lending to small and medium-sized businesses.

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NOT A SUBSCRIBER? Eastern European banks gain lifeline Posted on February 27, 2009 6:55 PM Banks in central and eastern Europe will be given as much as €24.5 billion ($31.2 billion) in aid to stave off a looming collapse of the region's economies, the heads of three development banks said Friday. The European Bank for Reconstruction and Development, or EBRD, the European Investment Bank, or EIN, and the World Bank said the money would be made available over the next two years to support lending to small and medium-sized businesses. This is a free preview of the content available in The Deal Pipeline. Subscribers enjoy access to the full story, as well as second-to-none research tools. To request a demo, or, if you are an existing user to The Deal Pipeline, log in to your account, please scroll down and click the button. Dig deeper, with Pipeline. 330 in-depth reports of Bankruptcies in the Financial Services sector 262 articles related to the World Bank 119 articles related to the EBRD 95 articles related to the EIB 10 years of news and analysis archives from the voice of The Deal Economy Most searched keywords Skadden Arps Amusement parks Deb Shops Windstream Corp. Diedrich Coffee Hanna Andersson Tween Brands Entertainment Lazard Lyondell Chemical		EXISTING USERS Username Password Forget your password? Missing a product?

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