Patria Bank secures €25 million for SMEs and climate projects

Green Forum
Patria Bank announced that it secured a €25 million financing agreement with the European Investment Bank (EIB), one of the world's largest multilateral financing institutions and a major provider of climate finance. 

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.

RECOMMENDED
RECOMMENDED FROM THE HOME PAGE
Business

Rezolv Energy secures €90 million for Bulgarian solar park

Actis-backed Rezolv Energy has secured up to €90 million in debt financing from the IFC - International Finance Corporation and Raiffeisen Bank International AG to support the construction of the ‘St. George's Solar Park in north-eastern Bulgaria.

READ MORE
Green Forum  |  17 October, 2024 at 8:31 PM
Green Forum  |  17 October, 2024 at 8:25 PM