EBRD and ProCredit Bank Partner to Advance Green Investments in Bulgaria and Greece
The European Bank for Reconstruction and Development (EBRD) has announced a €14 million portfolio guaranteein collaboration with ProCredit Bank Bulgaria EAD (PCBB), a commercial bank operating in Bulgaria and Greece.
This funding will support PCBB in expanding new lending aimed at financing green investments in energy efficiencyand renewable energy across multiple sectors in the two countries.
The guarantee is part of the European Union’s InvestEU programme, which is designed to boost private investments for long-term sustainable recovery and growth. The EU’s InvestEU Fund will provide partial first-loss risk cover for the guarantee, ensuring greater capital availability for green projects.
Supporting the Green Economic Transition in Bulgaria and Greece
This partnership will not only aid Bulgaria and Greece in their transition to a greener economy, but it will also help ProCredit Bank Bulgaria strengthen its resilience by optimizing its capital base. The guarantee aims to bridge the investment gap needed to achieve the national and EU energy and climate targets.
The EBRD’s guarantee will ensure that the projects financed under this initiative meet strict green economy transition criteria, focusing on energy savings and CO2 emissions reduction. These projects will play a significant role in advancing both countries’ green transition efforts.
Also read: EBRD & Releven Partner with €50M for Sustainable Real Estate in Vilnius
ProCredit Bank Bulgaria’s Role and Contribution
ProCredit Bank Bulgaria, which ranks as the seventh-largest bank in Bulgaria, is a subsidiary of ProCredit Holding, in which the EBRD holds an 8.7% stake. By working with EBRD, PCBB is expanding its ability to provide financing for projects aligned with the EU’s European Green Deal and digital transition.
The EBRD is a key player in climate finance, having invested nearly €4.8 billion in over 300 projects in Bulgaria. As one of the main partners of the InvestEU Programme, the EBRD continues to deploy portfolio risk-sharing instruments to support financial intermediaries in EU countries. The bank’s partnership with ProCredit Bank Bulgaria is part of its wider strategy to promote the green economy transition and climate resilience across the region.
