| Project Detail |
Location:
Regional
Project number:
54981
Business sector:
Financial institutions
Notice type:
Private
Approval date:
13 Dec 2023
Status:
Exploratory
PSD disclosed:
23 Oct 2023
Project Description
A framework of capped unfunded portfolio guarantees of up to EUR 151.8 million to be provided by the EBRD, as an implementing partner under the European Unions InvestEU programme, to eligible partner financial intermediaries (PFIs) in the 12 EU countries of operations (EU12 CoOs) to cover newly-generated portfolios of loans financing eligible green projects across industry sectors, benefitting private enterprises - SMEs, mid- and large-cap companies - and publicly-owned companies. The Banks guarantees will be partially covered by first loss risk cover provided by the European Commission (EC) under InvestEU.
Project Objectives
The overall objective of the Framework is to contribute towards improved sustainability and minimised climate and environmental footprint of the EU economies where EBRD operates, address the vital issue of carbon intensity of the economies of the EU12 CoOs, the energy crisis triggered by the Russian war in Ukraine and the heightened economic uncertainty related to the ongoing military escalation in the Middle East. Using portfolio guarantee instruments by eligible credit enhancement providers allows banks to reduce the risk weights of their loan portfolios, thus optimising the use of capital and strengthening their capital resilience, while scaling up financing activities for sustainable investments. |
