📋 Tender Overview
Project ID: 56243
Status: Signed
Location: Slovak Republic
Business Sector: Financial Institutions
Notice Type: Private
Environmental Category: FI
Approval Date: 09 Apr 2025
Disclosure date: 29 May 2025
As permitted by paragraph 2.6 of Section III of the Access to Information Policy, disclosure of this PSD was deferred in accordance with paragraph 1.4.4 of the Directive on Access to Information.
Project Description
On 20 May 2025, the EBRD invested EUR 50 million in a EUR 500 million covered bond issuance by Tatra banka, a.s. ("Tatra"). The bonds have a five-year maturity and are listed on the Bratislava Stock Exchange.
Project Objectives
The Project contributes to strengthening the resilience of the Slovak financial sector and supporting the development of the domestic covered bond market. It aims to improve Tatra's funding profile and balance sheet strength through more stable and longer-term funding, while building capacity to continue supporting housing market development and the real economy. Tatra will allocate 120% of the EBRD's investment to green projects aligned with the Bank's Green Economy Transition (GET) requirements, supporting the expansion of green investments in Slovakia. The project is determined aligned with the Paris Agreement based on the application of the EBRD's Paris alignment approach for indirectly financed investments.
Transition Impact
ETI score:64
Project's transition impact comes through the Resilient and Green qualities:
Resilient: The issuance of covered bonds will enhance the resilience of Tatra and Slovakian banking sector, and promote further development of local capital markets.
Green: Through its commitment, Tatra will significantly contribute to scaling up GET-eligible investments in Slovakia.
