The European Investment Bank (EIB) signed a EUR 15 million financing agreement with Creta Farms SA, marking the first EIB transaction in Greece that benefits from the support of the EU budget guarantee under the European Fund for Strategic Investments (EFSI), the financing arm of the Investment Plan for Europe. The Creta Farms financing signed on May 11, 2016 is a EUR 15 million loan with a tenor of five years. The terms of the financing have been tailored to best fit the company's growth plans. In a real sense the EIB, with the support of EFSI, is 'banking on' the company's growth. The company's strategy involves the development of new product lines in the cold cut meat and dairy food industry. The investment to be financed will improve the company's competitiveness, both domestically and in export markets. This will help to create more than 100 quality new jobs in Greece.