EIB Group and Santander Consumer Bank join forces to inject new funding for small-scale green investments in Poland
Poland, March 30 -- The European Investment Bank (EIB), the European Investment Fund (EIF) and Santander Consumer Bank (SCB) have signed an agreement to unlock PLN 860 million in new, accessible funding for small and medium-sized enterprises (SMEs), as well as individuals in Poland seeking to purchase electric cars or install solar panels, among others.The new cooperation will contribute to achieving the goals of the European Union's REPowerEU plan for affordable, clean energy, and help further develop the bloc's financial markets.Under this synthetic securitisation - an advanced risk-sharing transaction - the EIB Group guarantees a portfolio of existing SCB consumer loans to free up capital for new lending.The EIB Group's PLN 429 million i...
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