Kompasbank secures €175m guarantee from EIF to “take on
riskier lending segments” in Denmark

Kompasbank, a Danish challenger bank, has obtained €175 million in portfolio guarantee agreements from the European Investment Fund (EIF) to support small and medium-sized enterprises (SMEs) with loans offering reduced interest rates and longer maturities. This funding, backed by the InvestEU program, aims to encourage investments into various areas, including green and sustainable projects. With these guarantees, Kompasbank intends to support riskier lending segments, such as startups, bolster the green economy, and invest in skills relating to education, thereby helping SMEs realize growth initiatives and contribute to job creation and economic development. This article was sourced, curated, and summarized by MindLab's AI Agents.

Original Source: FinTech Futures