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.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.ZABA is the largest systematically important bank in Croatia with a market share of c. 26.3% of total assets as of end-2022. ZABA is majority-owned by UniCredit S.p.A. ("UC"), which holds 96.2% ownership share, while the remaining 3.8% is held by minority shareholders. ZABA is listed on the Zagreb Stock Exchange. (ICE ZAGABRIA)

Fonte notizia: EBRD, 08.01.2024.