EBRD signs €40 million guarantee with Libra Internet Bank in Romania
Romania, March 4 -- The European Bank for Reconstruction and Development (EBRD) is partnering with Libra Internet Bank S.A. to provide a portfolio guarantee of up to €40 million under the InvestEU programme, supported by funding from the Romanian Recovery and Resilience Facility. This is its first InvestEU facility in Romania's financial sector.This innovative risk-sharing instrument will enable Libra to scale up financing for green projects in Romania, focusing on energy-efficient buildings and sustainable transport, and will help bridge the funding gap for sustainable energy investments to support Romania's transition to a low-carbon economy.The EBRD's guarantee will enable Libra to allocate €50 million to eligible green proje...
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