EIB Group Invests €121 Million to Boost Green Mortgages and Energy Efficiency in Spain’s Real Estate Sector

EIB Group Invests €121 Million to Boost Green Mortgages and Energy Efficiency in Spain’s Real Estate Sector

(IN BRIEF) The EIB Group has committed €121 million to a synthetic securitisation operation with Santander, aiming to mobilize €163 million to promote green loans in Spain’s residential real estate market. This collaboration will support energy efficiency and sustainability projects, including the construction of near-zero emission buildings and the renovation of existing properties to meet high energy standards. The EIB and EIF’s combined investment will facilitate the provision of green mortgages for individuals renovating or building energy-efficient homes, contributing to climate action and CO2 reduction. This initiative aligns with the EIB Group’s focus on climate action, regional cohesion, and the development of Europe’s securitisation market.

(PRESS RELEASE) LUXEMBOURG, 28-Feb-2025 — /EuropaWire/ — The EIB Group, comprising the European Investment Bank (EIB) and the European Investment Fund (EIF), has made a €121 million investment in a synthetic securitisation operation with Santander. This investment will help mobilize approximately €163 million to fund green loans aimed at improving energy efficiency and promoting sustainability within Spain’s residential real estate sector.

The securitisation operation is designed to facilitate financing for energy-efficient projects, such as the construction of near-zero emission buildings and the renovation of existing residential properties to meet high sustainability standards. By leveraging this investment, Santander will be able to offer new green mortgages to individuals looking to invest in energy-efficient real estate, aligning with the EIB’s criteria for eligibility.

The initiative focuses on enhancing energy efficiency, reducing CO2 emissions, and contributing to climate change mitigation efforts. This operation is in line with the EIB Group’s strategic priorities, which include promoting climate action, regional cohesion, and the development of the European securitisation market.

The total EIB Group commitment is divided into €76 million from the EIB and €45 million from the EIF. The funds will be executed through a single structured securitisation, designed to provide capital relief for Santander by covering a portfolio of residential mortgages. The €121 million unfunded guarantee provided by the EIB Group will help Santander finance energy efficiency projects worth 1.34 times the size of the guarantee. 

EIB

The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight core priorities, we finance investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and bioeconomy, social infrastructure, high-impact investments outside the European Union, and the capital markets union.

The EIB Group, which also includes the European Investment Fund (EIF), signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe’s competitiveness and security.

All projects financed by the EIB Group are in line with the Paris Climate Agreement, as pledged in our Climate Bank Roadmap. Almost 60% of the EIB Group’s annual financing supports projects directly contributing to climate change mitigation, adaptation, and a healthier environment.

Fostering market integration and mobilising investment, the Group supported a record of over €100 billion in new investment for Europe’s energy security in 2024 and mobilised €110 billion in growth capital for startups, scale-ups and European pioneers. Approximately half of the EIB’s financing within the European Union is directed towards cohesion regions, where per capita income is lower than the EU average.

In Spain, the EIB Group signed €12.3 billion of new financing for more than 100 high-impact projects in 2024, helping power the country’s green and digital transition and promote economic growth, competitiveness and better services for inhabitants.

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About Santander

Banco Santander (SAN SM) is a leading commercial bank, founded in 1857 and headquartered in Spain and one of the largest banks in the world by market capitalization. The group’s activities are consolidated into five global businesses: Retail & Commercial Banking, Digital Consumer Bank, Corporate & Investment Banking (CIB), Wealth Management & Insurance and Payments (PagoNxt and Cards). This operating model allows the bank to better leverage its unique combination of global scale and local leadership. Santander aims to be the best open financial services platform providing services to individuals, SMEs, corporates, financial institutions and governments. The bank’s purpose is to help people and businesses prosper in a simple, personal and fair way. Santander is building a more responsible bank and has made a number of commitments to support this objective, including raising €220 billion in green financing between 2019 and 2030. At the end of 2024, Banco Santander had €1.3 trillion in total funds, 173 million customers, 8,000 branches and 207,000 employees.

Media contact:

Maite Cordero
m.corderomunoz@eib.org
+34 606 66 82 62

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SOURCE: European Investment Bank