📋 Tender Overview
Project Number: 48705
Company Name: EUROBANK BULGARIA AD
Date SPI Disclosed: Aug 6, 2024
Country: Bulgaria
Region: Europe
Projected Board Date: Sep 16, 2024
Environmental Category: FI-2
Status: Pending Approval
Department: Regional Industry FIG LAC & EUR
Industry: Financial Institutions
Sector: Commercial Banking - General
Additional Project Attributes: Blended Finance
Project Description
The proposed investment consists of senior loan of up to $150 million in Euro equivalent to Eurobank Bulgaria AD (Postbank or the Bank), the fourth largest bank in Bulgaria (the Project). The loan proceeds will focus on women-owned MSMEs (W-MSMEs) and climate related projects by MSMEs and individuals in Bulgaria. The Project presents an opportunity for an impactful engagement in Bulgaria, with pressing challenges of green transition and financial inclusion. The Project is expected to be supported by the Women Entrepreneurs Opportunity Facility (WEOF).
Total Project Cost and amount and nature of IFC's Investment: The investment is a financing package of up to US$150 million in Euro equivalent. It includes an A loan of up to US$100 million equivalent for IFC’s own account and B loan(s) of up to US$50 million equivalent to be mobilized by IFC from one or more B lenders
Financing Sources:
2) World Bank (WB)
1818 H Street, NW Washington, DC 20433 USA
Tel : (202) 473-1000
https://www.worldbank.org/
