EBRD and ProCredit Bank Bulgaria Sign €14 Million InvestEU Deal to Expand Green Loans in Bulgaria and Greece

EBRD and ProCredit Bank Bulgaria Sign €14 Million InvestEU Deal to Expand Green Loans in Bulgaria and Greece

(IN BRIEF) The EBRD has signed a €14 million portfolio guarantee agreement with ProCredit Bank Bulgaria under the EU’s InvestEU programme, enabling the bank to offer more green loans to businesses in Bulgaria and Greece. This risk-sharing facility will support energy efficiency and renewable energy projects aligned with EBRD’s green transition goals. Backed by partial risk cover from the EU, the initiative will help both countries advance toward their climate targets while strengthening PCBB’s capacity to finance sustainable development. The collaboration reinforces EBRD’s strategic presence in Bulgaria, where it has invested nearly €4.8 billion to date.

(PRESS RELEASE) LONDON, 10-Jun-2025 — /EuropaWire/ — The European Bank for Reconstruction and Development (EBRD) has signed a new risk-sharing agreement with ProCredit Bank Bulgaria EAD (PCBB) to promote sustainable development through a €14 million portfolio guarantee supported by the European Union’s InvestEU programme. This partnership aims to stimulate green lending for energy efficiency and renewable energy projects across Bulgaria and Greece, providing vital support for the region’s green transition.

This guarantee enables ProCredit Bank Bulgaria to expand new loan facilities for businesses investing in sustainable technologies, while optimising its capital base and increasing financial resilience. The EBRD’s involvement is bolstered by partial first-loss risk cover from the EU, reinforcing the strategic goals of both institutions to foster a greener and more robust banking sector.

All projects financed under this facility will adhere to EBRD’s rigorous green economy transition criteria, ensuring measurable impacts in terms of energy savings and CO2 emissions reductions. The initiative will also help Bulgaria and Greece close their investment gaps as they work towards fulfilling their national and EU climate objectives.

As the seventh-largest bank in Bulgaria, PCBB plays a significant role in supporting small and medium-sized enterprises (SMEs), a priority sector for sustainable growth. PCBB is a subsidiary of ProCredit Holding, where the EBRD maintains an 8.7 per cent equity stake, further strengthening their collaborative alignment.

This facility underscores the EBRD’s leadership in climate finance and commitment to supporting financial intermediaries through the InvestEU Programme, which mobilizes private capital in pursuit of EU policy priorities, including the European Green Deal and the digital transition.

To date, the EBRD has invested nearly €4.8 billion in over 300 projects in Bulgaria, cementing its role as a central partner in the country’s sustainable development.

Media Contact:

Vanora Bennett
media@ebrd.com

SOURCE: EBRD