New PF4EE partner banks in Croatia and Greece

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In January 2018, two more banks launched operations under the PF4EE instrument, namely Piraeus Bank (Greece) and Zagrebačka Banka (Croatia). With these banks on board, the total loan amount available through PF4EE increases by an additional 140 million euros.

Piraeus Bank and EIB have signed an agreement worth 100 million euros. This is the largest engagement in any European country under the PF4EE instrument so far. The Greek bank has announced to on-lend the EIB loan to small-scale energy users that invest in energy efficiency projects related to existing buildings, outdoor lighting and water pumping stations.

Zagrebačka Banka (ZABA), the largest commercial bank in Croatia, receives an EIB loan of 40 million euros to be on-lent to energy efficiency investments by small businesses and corporates.

Both banks are supported by the PF4EE Expert Support Facility, lead by adelphi.