Bank to get funding for car finance

According to European reports, the capital of the European Investment Bank will be boosted to help finance car, energy and regional aid projects to help fight the recession sweeping the globe.

EU finance ministers met and agreed to up capital for the bank, which will allot some 31 billion euros in loans in the next two years, to try and stave off a mounting financial crisis.

EIB President, Phillipe Maystadt, reportedly commented: I received a green light for the capital increase in 2009 ... to finance new tasks. The car industry has called for 40 billion euros in loans to kickstart progression. Maystadt said that some 8 billion would be given to car manufacturers, to help produce cleaner cars .

Car Finance

Bank to get funding for car finance

Compare Car Finance Deals Today

Related articles

Keep informed

Car sales on finance up a third on a year ago

Music and sneezing a hazard for drivers

New car registrations rise in April

New measures to tackle drug driving

Meet the Team

Home

Deals

Types

Guides

Providers

Tools

News

About Us

Keep in touch