On the 18th of October 2006, Geniki Bank signed a loan agreement worth Euro 40 million with the European Investment Bank (EIB) for the financing of small and medium size enterprises in Greece. The loan aims at obtaining capitals with favourable terms, which will serve the purpose of financing, by the use of EIB and Geniki Bank resources, of infrastructure works in small and medium size enterprises. Furthermore, there is also the possibility of granting these loans as fixed interest rate loans. The European Investment Bank is the competent European Union institution responsible for the financing of interventions contributing to the balanced growth and to the economic and social cohesion of the EU member states. This agreement signed with the European Investment Bank is integrated to the overall action taken by Geniki Bank in the area of small and medium size enterprises.