SID Bank creating new scheme to finance local communities

Ljubljana – Slovenia’s development bank SID is working on a EUR 100 million scheme to stimulate development at the level of local communities with the help of a loan from the Council of Europe Development Bank (CEB). In a press release, SID Bank said its chairman Sibil Svilan had agreed fresh borrowing of EUR 50 million with CEB governor Rolf Wenzel and vice-governor Tomaš Boček. Adding EUR 50 million to the sum, SID Bank will form a new development supporting scheme to finance municipalities both directly as well as indirectly…

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