Green Forum • 24 July, 2024 at 6:00 PM
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.