EBRD partners with Libra Internet Bank for €40 million green financing in Romania
The EBRD has partnered with Libra Internet Bank S.A. to provide up to €40 million in green financing through the InvestEU programme, aiming to boost lending for energy-efficient projects in Romania.
Counterparts (2)
Deal Analysis
- Partnership between the EBRD and Libra Internet Bank S.A.
- Up to €40 million in green financing.
- Aims to boost lending for energy-efficient projects in Romania.
- Leverages the InvestEU programme.
Source Intelligence
The guarantee is provided through the InvestEU programme, backed by funds from the Romanian Recovery and Resilience Facility. This marks the first time the InvestEU facility is being applied within Romania’s financial sector. The EBRD will also provide technical assistance to Libra Internet Bank and its borrowers, funded through the InvestEU Advisory Hub, focusing on improving green lending operations. The project will also be strengthened by the EBRD’s Digital Transformation Support Programme, which will help the bank build internal AI capabilities aimed at enhancing customer experience and operational efficiency. Through the EBRD’s guarantee, Libra Internet Bank will be able to direct €50 million into eligible green projects. Quotes: - "Under this collaboration, the EBRD will provide a portfolio guarantee of up to €40 million through the InvestEU programme, backed by funds from the Romanian Recovery and Resilience Facility." - "This marks the first time the InvestEU facility is being applied within Romania’s financial sector." - "In addition to the guarantee, the EBRD will provide technical assistance to Libra Internet Bank and its borrowers, funded through the InvestEU Advisory Hub. This support will focus on improving the bank’s green lending operations." - "The project will also be strengthened by the EBRD’s Digital Transformation Support Programme, which will help the bank build internal AI capabilities aimed at enhancing customer experience and operational efficiency." - "Through the EBRD’s guarantee, Libra Internet Bank will be able to direct €50 million into eligible green projects"
"The European Bank for Reconstruction and Development (EBRD) has formed a new partnership with Libra Internet Bank S.A."
"The European Bank for Reconstruction and Development (EBRD) has formed a new partnership with Libra Internet Bank S.A."
Global Infrastructure Sherpa