Patria Bank secures EUR 25 mln loan from European Investment Bank
<p>Romanian lender Patria Bank (BVB: PBK) has secured a EUR 25 million loan from the European Investment Bank (EIB) under the Multiple Beneficiary Intermediated Loan (MBIL) program.&nbsp;</p>

<p>This initial tranche is part of a total of EUR 50 million approved by EIB to support small and medium-sized enterprises (SMEs) and mid-cap companies in Romania, with a focus on climate-related projects.&nbsp;</p>

<p>The funding aims to enhance Patria Bank's ability to provide diverse financial solutions, particularly in renewable energy and energy efficiency sectors. Projects include solar and wind energy, low-carbon vehicle fleets, and energy storage systems.</p>

<p>Valentin Vancea, CEO of Patria Bank, stated:&nbsp;"This strategic partnership with the European Investment Bank enables us to support Romanian entrepreneurs and foster sustainable business practices."&nbsp;</p>

<p>Controlled by EEAF Financial Services, Patria Bank had total assets of RON 4.2 billion (EUR 845 mln) at the end of March 2024. The bank has a market capitalization of RON 269 mln (EUR 54 mln).</p>

<p><em>andrei@romania-insider.com</em></p>

<p><em>(Photo source: Patria Bank)</em></p>