PROJECT

Projects

Summary of Investment Information

Project Number

48705

Company Name

EUROBANK BULGARIA AD

Date SPI Disclosed

Sep 6, 2024

Country

Bulgaria

Region

Europe

Projected Board Date

Sep 16, 2024

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Oct 9, 2024

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Sep 20, 2024
Signed : Sep 30, 2024
Invested : Oct 7, 2024

Sector

Commercial Banking - General

Additional Project Attributes

Blended Finance

Project Description

The proposed investment consists of senior loan of up to $150 million in Euro equivalent to Eurobank Bulgaria AD (Postbank or the Bank), the fourth largest bank in Bulgaria (the Project). The loan proceeds will focus on women-owned MSMEs (W-MSMEs) and climate related projects by MSMEs and individuals in Bulgaria. The Project presents an opportunity for an impactful engagement in Bulgaria, with pressing challenges of green transition and financial inclusion. The Project is expected to be supported by the Women Entrepreneurs Opportunity Facility (WEOF).

Associated Advisory Engagement

N/A

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation