NLB backs gains in Ljubljana stock market indices
Croatian share indices end higher, HPB leads gainers
Romanian stock indices rebound, OMV Petrom shines
Romania's Agroland Agribusiness 2023 net profit down 56%
BREF, Doverie push lower Bulgarian stock indices
Feb 12, 2024 15:06 EEST
February 12 (SeeNews) - The European Bank for Reconstruction and Development (EBRD) said on Monday it has invested 35 million euro ($38 million) in a 400 million euro green bond issued by Erste & Steiermaerkische Bank (ESB), the Croatian subsidiary of Austria’s banking group Erste.
"The new issuance is the first green bond ever placed by a bank in Croatia," EBRD said in a press release.
The issuance will support ESB’s regulatory compliance, contribute to the diversification of its funding base and increase its loss-absorption capacity and resilience. It will also promote the green agenda in Croatia.
This investment also represents the EBRD's sixth purchase of a minimum requirement for own funds and eligible liabilities (MREL)-eligible bond issued by a Croatian bank. Three of these purchases have been in support of ESB thus far.
So far, the EBRD has invested more than 4.7 billion euro in Croatia across 248 projects.
The bond has been listed on the Vienna Stock Exchange.
($ = 0.929 euro)
You have run out of free articles this month.
Sign up in for
and get ten (10) free articles per month or sign up for
and get unlimited access.
Browse our free newsletter options