This funding represents the first installment of a €50 million total financing approved by the EIB for Patria Bank under the Multiple Beneficiary Intermediated Loan (MBIL) program.
The EIB financing will be directed towards supporting investments by eligible SMEs and MidCap clients in Romania, with a portion allocated to climate projects.
This financing will enable Patria Bank to continue its growth and development, ultimately enhancing access to finance for entrepreneurs across Romania.
EBRD advances the broader use of innovative financial instruments in Romania by signing a synthetic securitisation deal with UniCredit Bank S.A. (UniCredit Bank)
The European Bank for Reconstruction and Development (EBRD) is providing an additional loan of up to €72 million to BIG CEE as part of a €100 million envelope of loans to support its expansion in Serbia and the Western Balkans.
Romania has set ambitious targets to reduce greenhouse gas emissions by 78% by 2030 and achieve climate neutrality by 2050.
EIB will provide €243 million in financing to leading independent clean wind and solar energy operator ERG Group to promote the development of renewable energy in Italy, France and Germany.
The EU has emerged as a global leader in green finance, having issued over €65 billion in NextGenerationEU (NGEU) Green Bonds since 2020.
EBRD will support the development of high-quality, energy-efficient residential housing in Poland through a €100 million loan to the Polish subsidiaries of Vantage Development.
Poland's National Fund for Environmental Protection and Water Management (NFOŚiGW) has opened a call for applications to co-finance electricity storage facilities, with funding from the Modernisation Fund.
TotalEnergies has officially launched the 20-MW Gluchow 2 wind park, marking the completion of its 40-MW wind power development in Poland's Lodz province.
Ganz Transformer and Electrical Rotating Machinery Manufacturing Ltd. has completed the construction of a solar power plant and a hybrid energy storage system at its production site in Tápiószele, Hungary.
Verbund Wind Power Romania has acquired a fully developed wind energy project from Monsson, a multinational group specializing in wind, solar, energy storage, and green hydrogen solutions.
TenarisSilcotub has finalized its first renewable energy project with the completion of a 20 MW solar park, developed through an investment of €20 million.
