📋 Tender Overview
Location: Croatia
Project number: 54734
Business sector: Financial institutions
Notice type: Private
Environmental category: FI
EBRD Finance Summary: EUR 80,000,000.00
Total Project Cost: EUR 100,000,000.00
Project Description
An uncapped unfunded portfolio guarantee in the amount of up to EUR 80 million, to be provided by the EBRD as an InvestEU implementing partner to Zagrebacka banka d.d. ("ZABA"), as an eligible partner financial intermediary ("PFI") in Croatia under the InvestEU Green Uncapped Portfolio Guarantee Framework (the "Framework"). The guarantee will cover a newly generated portfolio of loans financing eligible green projects related to buildings or sustainable transport. The Project benefits from partial first loss risk cover from the European Union under the InvestEU Fund.
Project Objectives
The Project aims to further support the Bank's green agenda in Croatia and the green economy priorities, specifically in national building stock renovation and sustainable transport. As such, the Project will bridge the funding gap in sustainable energy investments in Croatia, support the resilience of a systemic bank and expand its green lending capacity.
Transition Impact
ETI score: 60
The expected transition impact stems from the contribution to the Green and Resilient qualities.
Green: by addressing the issue of high energy consumption in buildings and the transport sector in Croatia through increased sustainable energy investments leading to energy savings and reduction of carbon emissions. ZABA will allocate at least 125% of the EBRD guarantee amount to eligible green projects, thus enhancing the Project's contribution to green economy transition.
Resilient: by supporting ZABA in building resilience by optimizing its capital base, freeing up capacity for green lending.
