Libra Internet Bank has signed a risk-sharing agreement of up to €40 million with the European Bank for Reconstruction and Development (EBRD) under the InvestEU program. The partnership allows Libra Internet Bank to provide green financing totaling €50 million, with a guarantee of 80% provided by the EBRD, applicable nationwide, regardless of location, area or region, in particular for energy efficiency and sustainable transport, according to a statement.
„The partnership between Libra Internet Bank and the European Bank for Reconstruction and Development to finance green projects in Romania reconfirms our firm commitment to support the transition to a low-carbon economy. Together with the EBRD, one of the leading institutional investors in Romania, we will turn business plans into achievements that benefit our clients, the environment and communities”said Cristina Mahika-Voiconi, CEO of Libra Internet Bank.
„This agreement with Libra Internet Bank is an important catalyst for Romania's green transition. By expanding access to financing for energy efficient buildings and green transportation, we are helping Romanian households and businesses to reduce costs, cut emissions and become greener and more sustainable. Through InvestEU, together with Libra Internet Bank, we are proud to support investments that strengthen Romania's resilience and improve its long-term competitiveness”said Victoria Zinchuk, Director EBRD Romania.
Libra Internet Bank becomes the first EBRD partner in the financial sector in Romania for the InvestEU program.
In addition to the guarantee component, the partnership includes dedicated technical assistance, provided through the InvestEU Advisory Hub, to both Libra Internet Bank and the final beneficiaries. The project will be complemented by the EBRD's Digital Transformation Program, which will support the development of the bank's internal capabilities in artificial intelligence and optimization of the customer experience.
Libra Internet Bank specializes in offering products and services dedicated to the Self-Employed, Real Estate and Agribusiness companies. Libra Internet Bank is also the partner of the most important international fintechs present in the country. Libra Internet Bank offers instant payments in lei and euro, as well as a voice-based generative artificial intelligence service in its mobile banking application. Libra Internet Bank has a network of 59 branches in Bucharest and other major cities in Romania. Libra Internet Bank was established in 1996 in Bucharest and is part of the American investment group New Century Holdings (NCH).