As stated by the EBRD, the project consists of a EUR 60 million senior unsecured loan to Procredit Bank Bulgaria. The loan will have two equal tranches of EUR 30 million each.
The loan proceeds will be dedicated to financing green economy investments, including, among others, energy efficiency, renewable energy, and climate resilience measures in Bulgaria and Greece, fully aligned with the EBRD's Green Economy Transition eligibility criteria.
As stated by the EBRD, Procredit Bank Bulgaria EAD was established in 2001 and is part of the international ProCredit Holding group, a network of SME banks. With total assets of EUR 2.0 billion as at end-June 2023, the bank ranks 7th among 25 banks operating in the Bulgarian market. PCBB is rated by BBB- (Stable) by Fitch (June 2023).
Financial Intermediary - ProCredit Bank (Bulgaria) EAD:
ACCESS TO INFORMATION
You can request information by emailing: firstname.lastname@example.org or by using this electronic form: https://www.ebrd.com/eform/information-request
ACCOUNTABILITY MECHANISM OF EBRD
The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent.
You can contact the PCM at: email@example.com or you can submit a complaint online using an online form at: http://www.ebrd.com/eform/pcm/complaint_form?language=en
You can learn more about the PCM and how to file a complaint at: http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html