ACTIVITY TITLE
InvestEU GUPG - Eurobank Bulgaria
Reported by
ACTIVITY SCOPE COLLABORATION TYPE AID TYPE FINANCE TYPE FLOW TYPE TIED STATUS HIERARCHY
National 4 Multilateral outflows 4
Project-type interventions C01
Untied 1
Planned start date 2024-12-10
Planned end date 2027-12-10
Actual start date 2024-12-10
activity status: Implementation
The activity is currently being implemented
WHO'S INVOLVED ( 2 )
PARTICIPATING ORG REFERENCE ROLE TYPE
EUROBANK BULGARIA AD
Implementing Private Sector
European Bank for Reconstruction and Development
Funding Multilateral
General
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 EBRD's 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. The Project aims to further support the EBRD's 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.
recipient country ( 1 )
BulgariaBG
100
LOCATION ( 1 )
NAME DESCRIPTION POSITION CLASS REACH EXACTNESS
BULGARIA
ID 732800 (Geonames)
42.69751 23.32415 Administrative Region Approximate
country budget items ( 1 )
IATI Withdrawn ( 1 )
The budget identifier reported uses IATI budget identifier categories
7.1.1
100
sector ( 1 )
OECD DAC CRS 5 digit1( 1 )
The sector reported corresponds to an OECD DAC CRS 5-digit purpose code http://reference.iatistandard.org/codelists/Sector/
Formal sector financial intermediaries24030
100
GLOSSARY
Formal sector financial intermediariesAll formal sector financial intermediaries; credit lines; insurance, leasing, venture capital, etc. (except when focused on only one sector).
Financial Overview
Outgoing Commitment ( 1 )
Budget ( 1 )
Outgoing Commitment
Budget
Budget ( 1 )
START END TYPE STATUS VALUE
2025-01-01 2025-12-31 Original 96,000,000
EUR
Budget
Transactions ( 1 )
Outgoing Commitment ( 1 )
DATE DESCRIPTION PROVIDER RECEIVER VALUE
2024-12-10
FLOW Other flows 50
FINANCE Investment-related loan to developing countries Withdrawn 411
EUROBANK BULGARIA AD
96,000,000
EUR
Outgoing Commitment
General Enquiries
European Bank for Reconstruction and Development
+44 20 7338 7380
5 Bank Street, London E14 4BG
conditions( 1 )
NARRATIVE TYPE 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 EBRD's 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. The Project aims to further support the EBRD's 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. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54800
Performance The condition attached requires certain outputs or outcomes to be achieved by the recipient