📋 Tender Overview
The European Investment Bank (EIB) will provide a multi-beneficiary intermediated loan (MBIL) of €100 million to Haspa, Germany’s largest savings bank based in Hamburg. Haspa will then provide financing to small and medium-sized companies (SMEs) and mid-caps with up to 3 000 employees in Germany.
The financial advantages of the EIB investment, like lower interest rates, will be passed on to small businesses and mid-caps. Further advantages of the EIB loan are long-term funding and diversification of external funding. One-third of the loan is earmarked for financing onshore wind, solar photovoltaic and energy efficiency projects in Germany. Using the EIB loan, Haspa can invest up to €280 million to support small businesses and mid-caps.
The operation is the first project with a German savings bank. The funds will enable companies to enhance their financing structure in line with the long economic lifetime of the financed assets and invest in their green transition. “Small businesses and mid-caps are the backbone of our European economy. Supporting them is one of the core missions of the EIB. Haspa’s first EIB-supported lending programme helps stabilise the financial position of these companies in northern Germany, and together we support investment in innovative projects for the green and digital transition,” said EIB Vice-President Nicola Beer.
“The multi-beneficiary intermediated loan (MBIL) of the European Investment Bank helps us to provide even better financial support to our medium-sized companies in the Hamburg metropolitan region and to accompany them on their path to sustainable transformation. We are very pleased that Haspa, the largest savings bank in Germany and the leading financier of small businesses in the region, can be a pioneer here,” said Haspa divisional board member Michi Maaß.
