The EBRD and Waterfall Asset Management are joining B2Holding in investing in an non-performing loan (NPL) portfolio originated by Alpha Bank, a leading Greek lender. The EBRD’s portion will be €25 million.
Private businesses, including energy service companies (ESCO) and municipalities will benefit from wider access to finance thanks to a €15 million loan that the EBRD is providing to Banca Intesa, the largest bank in Serbia. The loan will be on-lent for energy efficiency investments.
1500 cows is a lot of cows. But if you want to produce fresh milk in Morocco – a hot country which grows little feed – you need scale. Otherwise local fresh milk cannot compete with imported milk powder. For that same reason, you also need a resource-efficient operation.
Following the adoption of a new country strategy for Uzbekistan, the EBRD is providing funds for the development of sustainable solutions for the municipal and power infrastructure sectors in the country.
Trade Ready, a new EBRD trade support initiative, was introduced in Georgia today to benefit the country’s small and medium-sized enterprises (SMEs) working to improve their competitiveness to succeed in international markets.
Increasing and improving the cooperation between multinational development banks (MDBs) has been recognised as a major step towards achieving the Sustainable Development Goals(SDGs), which were adopted by world leaders in September 2015 at an historic United Nations (UN) summit.
The EBRD and the private equity firms AB Invalda INVL and Horizon Capital have today acquired a 41.09 per cent stake in B.C. Moldova Agroindbank S.A. (MAIB) in an auction held by Moldova’s Public Property Agency. The partners paid 451.533 million Moldovan lei (equivalent to €23.031 million).
Overcoming the legacy of the operation of nuclear-powered ships in northern Russia is marking a major milestone today with the opening of a shelter for the defuelling of the former Soviet icebreaker service ship Lepse.
Businesses in Latvia, Estonia and Lithuania will benefit from better access to finance under an unfunded risk-sharing facility of up to €35 million provided by the EBRD to Citadele Bank, the country’s fourth largest lender in terms of loans.
The EBRD, a leading financier of renewable energy in Turkey and its other regions of operations, is providing a financing package of up to US$ 102 million to the renewable energy arm of the Turkish conglomerate Akfen Holding.