CYPRUS: RCB Bank joins forces with EIB to support SMEs – Financial Mirror: RCB Bank has joined forces with with the European Investment Bank (EIB) and the government of Cyprus to achieve viable growth for the local economy by supporting small and medium sized enterprises (SMEs) through 20 mln euros worth of competitive lending solutions, with a longer repayment period, a lower funding cost and favourable terms to
My botty best at summarizing from Wikipedia: RCB Bank is an international bank based in Cyprus . in 1985 during the height of the Libyan-United States crisis, the Beirut branch closed . it has representative offices in Moscow and London . Zimarin increased his ownership of RCB to 49.9% by acquiring a $100 million stake (19.85%) in the Russian Otkritie Financial Corporation Bank . as of 2018, VTB through its holdings and subsidiaries
