BRD partners with the European Investment Fund (EIF) to guarantee loans financing sustainable projects

Press release

Bucharest, August 20, 2024

As part of its sustainability strategy, BRD Groupe Societe Generale has entered into a new partnership agreement with the European Investment Fund (EIF), aimed at supporting Romanian companies in the ecological transition of their economic activity.

The Sustainability Financial Instrument is a portfolio guarantee product (RRF Sustainability Portfolio), which is subscribed to the pillar of financial instruments within the PNRR and aims to provide support in adapting companies and business processes to climate change and the green transition, with a major impact on the quality of life and contributing significantly to the European Union's objective of achieving climate neutrality by 2050. 

"BRD is ready to use its experience in the process of sustainable transformation of the economy, being a support in the adaptation of Romanian companies and their business processes to climate change and the green transition," said Lidia Capmare, Director of the European and National Programs Department with BRD.

Through the Sustainability Instrument, the bank aims to achieve two main objectives: 

Supporting investments that contribute to the green and sustainable transformation of the economy, supporting eligible beneficiaries' access to bank financing;

Supporting investments aimed at improving the accessibility of services, products and infrastructure and the development of assistive technologies, as well as adapting the infrastructure of companies to facilitate the accessibility of customers and employees with disabilities and/or poor functionality.

Thus, SMEs and small enterprises with mid-market capitalization will be able to benefit from loans of up to 15 years to finance the following categories of investments:

Green investments (climate change mitigation, climate change adaptation, transition to the circular economy, investments related to environmental impact and sustainable management of natural resources, protection and restoration of biodiversity and ecosystems);

Green investments in agriculture and forestry;

Investments in social accessibility services

Due to the EIF participation in credit risk, the lending conditions (interest, down payment, additional collateral requirements, etc.) are more advantageous than standard ones.

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About BRD Groupe Societe Generale 

BRD - Groupe Societe Generale operates a network of 389 units. The bank's total assets were, at the end of June 2024, RON 83.6 billion. 

BRD is part of Societe Generale, one of the most important financial services groups in Europe and a major player in the economy for over 160 years. The Group has 126,000 employees in 65 countries and 25 million customers worldwide and is built on three complementary business lines:

• Retail banking in France

• Global banking and investor solutions

• International retail banking, mobility and leasing services

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Media contact: Traian Traicu, 021 301 61 50, traian.traicu@brd.ro