Project Notice
|
| PNR |
60107 |
| Project Name |
InvestEU GUPG - Eurobank Bulgaria |
| Project Detail |
Location:
Bulgaria
Project number:
54800
Business sector:
Financial institutions
Notice type:
Private
Approval date:
10 Apr 2024
Status:
Exploratory
PSD disclosed:
12 Feb 2024
Project Description
An uncapped unfunded portfolio guarantee to be provided by the EBRD as an InvestEU implementing partner to Eurobank Bulgaria (known under its local brand name Postbank), as an eligible partner financial intermediary ("PFI") in Bulgaria under the EBRDs InvestEU Green Uncapped Portfolio Guarantee Framework. The guarantee will cover a newly generated portfolio of loans amounting to up to EUR 120 million, financing eligible green projects related to buildings or sustainable transport. The Project benefits from partial first loss risk cover from the European Union under the InvestEU Fund.
Project Objectives
The Project aims to further support the EBRDs green agenda in Bulgaria and the national green economy priorities. As such, the Project will bridge the funding gap for sustainable energy investments in the country and support the resilience of a systemic bank and expand its green lending capacity. |
| Funded By |
European Bank for Reconstruction and Development (EBRD) |
| Sector |
Forestry |
| Country |
Bulgaria , Eastern Europe |
| Project Value |
BGN 120,000,000
|
