| Project Detail |
Location: Croatia Project number: 54734 Business sector: Financial institutions Notice type: Private Environmental category: FI Approval date: 07 Feb 2024 Status: Exploratory PSD disclosed: 02 Jan 2024 Project Description An uncapped unfunded portfolio guarantee in the amount of up to EUR 80 million, to be provided by the EBRD as an InvestEU implementing partner to Zagrebacka banka d.d. (ZABA), as an eligible partner financial intermediary (PFI) in Croatia under the InvestEU Green Uncapped Portfolio Guarantee Framework (the Framework). The guarantee will cover a newly generated portfolio of loans 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 Banks green agenda in Croatia and the green economy priorities, specifically in national building stock renovation and sustainable transport. As such, the Project will bridge the funding gap in sustainable energy investments in Croatia, support the resilience of a systemic bank and expand its green lending capacity. |
