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The financing marks the EIB’s first venture debt operation in Luxembourg under the European Commission’s InvestEU initiative.
The EBRD has launched its InvestEU programme in Bulgaria to support the green transition. The programme has already mobilised over €300 million in new green finance through agreements with Postbank and ProCredit Bank Bulgaria.
The EBRD has signed an InvestEU agreement with ProCredit Bank Bulgaria to support green transition by sharing risk on a portfolio of new business loans. The portfolio guarantees will enable increased lending in both Bulgaria and Greece.