EIB to Channel Defense Funding Via Deutsche Bank to Push Lending
The European Union's lending arm will partner with large European lenders including Deutsche Bank AG to provide €3 billion ($3.4 billion) in funding for defense, overcoming reluctance in the sector to participate in the region's rearmament.
The European Investment Bank reached an agreement with the German bank to provide €500 million liquidity to small and medium-sized enterprises in the defense and security sector, according to a person familiar with the matter who spoke on condition of anonymity. A second agreement with France's BPCE is expected as early as next week, the person said.
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