The European Investment Bank (EIB) has signed a contract with Patria Bank for the granting of financing in the amount of 25 million Euros.

This represents a first tranche of a total level of 50 million Euros approved by the EIB for Patria Bank within the Multiple Beneficiary Intermediated Loan (MBIL) program. The financing will support the Bank to offer credit solutions to eligible SME clients and medium-sized companies in Romania, with a partial allocation to climate projects.

The types of climate projects that can be financed, representing an important component of the bank’s strategy related to sustainability, include solar energy projects, wind energy, the production of renewable energy equipment, energy storage equipment, energy efficiency projects, fleets of vehicles with low carbon emissions, charging stations for electric vehicles and those with hydrogen-based engines.

“One of the long-term commitments of the Patria Bank Group is to support the entrepreneurial environment in Romania and to provide entrepreneurs with a portfolio of diversified financing solutions to help them develop their businesses in a sustainable way. The new strategic partnership with the European Investment Bank facilitates the continued growth and development of the Bank, with the ultimate goal of improving access to financing for as many entrepreneurs in Romania as possible. In addition, this collaboration helps us, through the green financing solutions we will offer, to play an important role in transforming the business environment in Romania in a responsible and environmentally friendly direction”, said Valentin Vancea, CEO of Patria Bank.