The EIB and BBVA sign two agreements to boost green finance
Spain, Feb. 11 -- The European Investment Bank (EIB) and BBVA signed two key agreements to boost green finance and reinforce technical capacity in climate action across the financial sector.The first agreement is an EIB guarantee facility of up to €380 million to support sustainable projects. The EIB will guarantee approximately 50% of a portfolio of up to €760 million, while BBVA commits to generating a new portfolio of eligible green projects equivalent to 100% of the maximum guaranteed amount. The beneficiaries will include individuals, homeowner associations, SMEs and real estate developers. This is a new significant risk transfer (SRT) operation that enables BBVA to free up regulatory capital, as part of its strategy to opt...
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