XI-IATI-EBRD-53031European Bank for Reconstruction and DevelopmentAn equity investment of up to EUR 15.2 million in favour of Genesis Private Equity Fund IV (the "fund"). The fund seeks to generate long-term capital gains from equity and equity-related investments in small to mid-cap companies primarily in the Czech Republic and the Slovak Republic.European Bank for Reconstruction and DevelopmentGENESIS PRIVATE EQUITY FUND IVEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRAGUE50.08804 14.42076BUDAPEST47.49835 19.04045WARSAW52.22977 21.01178BRATISLAVA48.14816 17.10674535895.0315150000GENESIS PRIVATE EQUITY FUND IVPRIVATEPRIVATEPRIVATEAn equity investment of up to EUR 15.2 million in favour of Genesis Private Equity Fund IV (the "fund"). The fund seeks to generate long-term capital gains from equity and equity-related investments in small to mid-cap companies primarily in the Czech Republic and the Slovak Republic. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53031XI-IATI-EBRD-55022European Bank for Reconstruction and DevelopmentProvision of a EUR 15m loan to Yuria Pharm Group, a Ukrainian pharmaceutical producer, to finance investments to (i) expand its production and storage facilities in Uzbekistan, including green investments, (ii) implement capex projects in Ukraine, and improve energy efficiency (iii) introduce new software at the Group level to improve efficiency, as well as accounting and reporting standards. As part of the Project, the Group will invest in developing its foreign operations, improving energy efficiency and upgrading IT systems to unify its operations and accounting process across geographies. The project is 22% GET.European Bank for Reconstruction and DevelopmentEMTEKO HOLDING SIAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.5238TASHKENT41.26465 69.2162713000000EMTEKO HOLDING SIAPRIVATEPRIVATEPRIVATEProvision of a EUR 15m loan to Yuria Pharm Group, a Ukrainian pharmaceutical producer, to finance investments to (i) expand its production and storage facilities in Uzbekistan, including green investments, (ii) implement capex projects in Ukraine, and improve energy efficiency (iii) introduce new software at the Group level to improve efficiency, as well as accounting and reporting standards. As part of the Project, the Group will invest in developing its foreign operations, improving energy efficiency and upgrading IT systems to unify its operations and accounting process across geographies. The project is 22% GET. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55022XI-IATI-EBRD-52276European Bank for Reconstruction and DevelopmentThe proposed transaction is an equity commitment in favor of BlackPeak Southeast Europe Growth Equity Fund SCSp (the "fund"). The fund will seek to make equity and quasi-equity investments in small and medium-sized enterprises and mid-cap companies with the objective of achieving long-term capital growth. The fund will invest in central and south-eastern Europe with a focus on Bulgaria, Romania, Slovenia, Croatia and Serbia.European Bank for Reconstruction and DevelopmentBLACKPEAK SOUTHEAST EUROPE GROWTH EQUITY FUND SCSPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSOFIA42.69751 23.32415ZAGREB45.81444 15.97798BUCHAREST44.43225 26.10626BELGRADE44.80401 20.46513LJUBLJANA46.05108 14.505136675171.2920000000BLACKPEAK SOUTHEAST EUROPE GROWTH EQUITY FUND SCSPPRIVATEPRIVATEPRIVATEThe proposed transaction is an equity commitment in favor of BlackPeak Southeast Europe Growth Equity Fund SCSp (the "fund"). The fund will seek to make equity and quasi-equity investments in small and medium-sized enterprises and mid-cap companies with the objective of achieving long-term capital growth. The fund will invest in central and south-eastern Europe with a focus on Bulgaria, Romania, Slovenia, Croatia and Serbia. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52276XI-IATI-EBRD-53043European Bank for Reconstruction and DevelopmentFollow-on equity investment into Euro Manganese via a private placement in exchange for a stake in the Company. In February 2022, EBRD subscribed CAD 8.5 million (EUR 5.7 million) in the share capital of Euro Manganese. The Bank's contemplated follow-on investment is split as follows: (i) committed investment of CAD 4 million (EUR 2.7 million), comprising of common shares and half a warrant for each common share and expected to be part of a CAD 10 million private placement alongside other investors, and (ii) uncommitted investment of CAD 6 million (EUR 4.0 million). The proceeds of the EBRD's investment will be passed on to EMN's subsidiary in the Czech Republic for the purpose of supporting pre-development works at the Chvaletice manganese project (the "Project"). The Project is a flagship project that will meet some of the rapidly increasing demand for HPM in Europe and will offer a local and reliable supply to European battery manufacturers. At the same time, the role of EBRD is highly additional, as the Bank's participation is expected to give positive signals to the market and provide comfort to other investors to subscribe into EMN's CAD 10 million share capital increase. The Project will also have a positive effect from a socioeconomic, environmental as well as health impact perspective, as it will remediate a polluted site through the implementation of high environmental standards and engineering practices. In addition, it is expected to support regional economic development by creating contracting opportunities for local businesses during construction and operation. The transaction is fully aligned with the Mining Sector Strategy for 2024-2028 (BDS23-148/F) as it "supports the exploration and production (primary and secondary) of metals and minerals relevant to the green energy transition" by "increasing the share of investments in the exploration phase of materials critical to the green transition" and "supporting circular economy with investments, including remediation and recycling projects". The operation remains also fully aligned with the Country Strategy for the Czech Republic (BDS/CZ/21-01(F)), which highlights the need to focus on "supporting green recovery" and "diversify and deepen financing resources" by "providing direct or indirect equity".European Bank for Reconstruction and DevelopmentEURO MANGANESE INCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRAGUE50.08804 14.420762968540.8711386632.54EURO MANGANESE INCPRIVATEPRIVATEPRIVATEFollow-on equity investment into Euro Manganese via a private placement in exchange for a stake in the Company. In February 2022, EBRD subscribed CAD 8.5 million (EUR 5.7 million) in the share capital of Euro Manganese. The Bank's contemplated follow-on investment is split as follows: (i) committed investment of CAD 4 million (EUR 2.7 million), comprising of common shares and half a warrant for each common share and expected to be part of a CAD 10 million private placement alongside other investors, and (ii) uncommitted investment of CAD 6 million (EUR 4.0 million). The proceeds of the EBRD's investment will be passed on to EMN's subsidiary in the Czech Republic for the purpose of supporting pre-development works at the Chvaletice manganese project (the "Project"). The Project is a flagship project that will meet some of the rapidly increasing demand for HPM in Europe and will offer a local and reliable supply to European battery manufacturers. At the same time, the role of EBRD is highly additional, as the Bank's participation is expected to give positive signals to the market and provide comfort to other investors to subscribe into EMN's CAD 10 million share capital increase. The Project will also have a positive effect from a socioeconomic, environmental as well as health impact perspective, as it will remediate a polluted site through the implementation of high environmental standards and engineering practices. In addition, it is expected to support regional economic development by creating contracting opportunities for local businesses during construction and operation. The transaction is fully aligned with the Mining Sector Strategy for 2024-2028 (BDS23-148/F) as it "supports the exploration and production (primary and secondary) of metals and minerals relevant to the green energy transition" by "increasing the share of investments in the exploration phase of materials critical to the green transition" and "supporting circular economy with investments, including remediation and recycling projects". The operation remains also fully aligned with the Country Strategy for the Czech Republic (BDS/CZ/21-01(F)), which highlights the need to focus on "supporting green recovery" and "diversify and deepen financing resources" by "providing direct or indirect equity". For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53043XI-IATI-EBRD-47490European Bank for Reconstruction and DevelopmentThe European Bank for Reconstruction and Development (EBRD) together with Aberdeen European Infrastructure Partners LP and Intertoll-Europe Zrt have acquired a stake in M6 Duna Zrt, the concession company operating Hungary's M6 motorway between the cities of Érdi Teto and Dunaújváros (58 km). The M6 motorway is a north-south motorway in Hungary running along the Danube connecting Budapest with Pécs and continuing to the Croatian border. Through this investment, the Bank will contribute to bringing existing operating PPPs in Hungary to the next stage of their lifecycle allowing new sources of capital and more sophisticated long-term financiers to enter this market, further demonstrating that PPPs remain an effective and sustainable way of procuring infrastructure assets.European Bank for Reconstruction and DevelopmentM6 DUNA BVEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUDAPEST47.49835 19.040454500000M6 DUNA BV14471907.54M6 DUNA BVPRIVATEPRIVATEPRIVATEThe European Bank for Reconstruction and Development (EBRD) together with Aberdeen European Infrastructure Partners LP and Intertoll-Europe Zrt have acquired a stake in M6 Duna Zrt, the concession company operating Hungary's M6 motorway between the cities of Érdi Teto and Dunaújváros (58 km). The M6 motorway is a north-south motorway in Hungary running along the Danube connecting Budapest with Pécs and continuing to the Croatian border. Through this investment, the Bank will contribute to bringing existing operating PPPs in Hungary to the next stage of their lifecycle allowing new sources of capital and more sophisticated long-term financiers to enter this market, further demonstrating that PPPs remain an effective and sustainable way of procuring infrastructure assets. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47490XI-IATI-EBRD-54751European Bank for Reconstruction and DevelopmentProvision of an equity investment of up to EUR 30 million in favour of Evolving Europe Principal Investments II SCSp (the "Fund"). The Fund will seek to achieve long-term capital growth by making equity and quasi-equity investments primarily in small and medium sized enterprises across Central and South Eastern Europe.European Bank for Reconstruction and DevelopmentEVOLVING EUROPE PRINCIPAL INVESTMENTS II SCSPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSOFIA42.69751 23.32415PRAGUE50.08804 14.42076ZAGREB45.81444 15.97798BUDAPEST47.49835 19.04045SKOPJE41.99646 21.43141BUCHAREST44.43225 26.10626BELGRADE44.80401 20.46513LJUBLJANA46.05108 14.5051317716038.9822830000EVOLVING EUROPE PRINCIPAL INVESTMENTS II SCSPPRIVATEPRIVATEPRIVATEProvision of an equity investment of up to EUR 30 million in favour of Evolving Europe Principal Investments II SCSp (the "Fund"). The Fund will seek to achieve long-term capital growth by making equity and quasi-equity investments primarily in small and medium sized enterprises across Central and South Eastern Europe. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54751XI-IATI-EBRD-47582European Bank for Reconstruction and DevelopmentThe investment will address the priority needs of Tbilisi City identified under the Green City Action Plan. Hence the Project is a follow-on investment, proposed under Green Cities Framework . It will help to satisfy the immediate needs of the solid waste management company and considerably improve the sector in Tbilisi. The loan of up to €15 million will be used to finance the acquisition of solid waste operation and maintenance vehicles and machinery, upgrade of the existing transfer station and rehabilitation of the operational landfill in Tbilisi. The project aims to contribute to an improved level of solid waste services and overall improved environment in Tbilisi.European Bank for Reconstruction and DevelopmentGEORGIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTBILISI41.69411 44.8336815000000GEORGIA SOVEREIGN150000GEORGIA SOVEREIGN1942088GEORGIA SOVEREIGN836500GEORGIA SOVEREIGN119500GEORGIA SOVEREIGN2278395GEORGIA SOVEREIGN843633GEORGIA SOVEREIGN206604GEORGIA SOVEREIGN1715700GEORGIA SOVEREIGN484500GEORGIA SOVEREIGN1123080GEORGIA SOVEREIGN160440GEORGIA SOVEREIGN934249.92GEORGIA SOVEREIGN332824.1GEORGIA SOVEREIGN243656GEORGIA SOVEREIGN191246.65GEORGIA SOVEREIGN175000GEORGIA SOVEREIGN103746.47GEORGIA SOVEREIGN103746.47GEORGIA SOVEREIGN345374.95GEORGIA SOVEREIGN185971.13GEORGIA SOVEREIGN1293341GEORGIA SOVEREIGN635625GEORGIA SOVEREIGN18800GEORGIA SOVEREIGN550785.78GEORGIA SOVEREIGN24000GEORGIA SOVEREIGN1192.53GEORGIA SOVEREIGNSTATESTATESTATESTATEThe investment will address the priority needs of Tbilisi City identified under the Green City Action Plan. Hence the Project is a follow-on investment, proposed under Green Cities Framework . It will help to satisfy the immediate needs of the solid waste management company and considerably improve the sector in Tbilisi. The loan of up to €15 million will be used to finance the acquisition of solid waste operation and maintenance vehicles and machinery, upgrade of the existing transfer station and rehabilitation of the operational landfill in Tbilisi. The project aims to contribute to an improved level of solid waste services and overall improved environment in Tbilisi. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47582XI-IATI-EBRD-56305European Bank for Reconstruction and DevelopmentThe Project is an equity investment in (a) Proservice Finteco Sp. z o.o. ("PSF", the "Company") a leading provider of investment fund administration services in Poland, and (b) Investment Funds Depositary Services S.A. ("IFDS"), a specialist provider of fund depositary services in Poland. The Bank invested alongside a consortium led by Innova Capital, a leading private equity firm based in Poland and a long-standing partner of the Bank. Through the proposed transaction, the Bank aims to (i) bring an independent and domestic transfer agent to its next growth stage through consolidation and innovation and (ii) provide support to Innova in achieving commercial success, thus solidifying the regional PE landscape.European Bank for Reconstruction and DevelopmentSKYLINER CO-INVEST SCAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.0117815000000SKYLINER CO-INVEST SCAPRIVATEPRIVATEPRIVATEThe Project is an equity investment in (a) Proservice Finteco Sp. z o.o. ("PSF", the "Company") a leading provider of investment fund administration services in Poland, and (b) Investment Funds Depositary Services S.A. ("IFDS"), a specialist provider of fund depositary services in Poland. The Bank invested alongside a consortium led by Innova Capital, a leading private equity firm based in Poland and a long-standing partner of the Bank. Through the proposed transaction, the Bank aims to (i) bring an independent and domestic transfer agent to its next growth stage through consolidation and innovation and (ii) provide support to Innova in achieving commercial success, thus solidifying the regional PE landscape. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56305XI-IATI-EBRD-54338European Bank for Reconstruction and DevelopmentProvision of a senior long-term loan to Studenac d.o.o. (the "Company"), the largest food retailer in Croatia by number of stores, for acquisition of selected food retail chains in Croatia and future investments. The loan will support the Company in its expansion efforts as well as expected further efficiency and profitability improvements.,European Bank for Reconstruction and DevelopmentSTUDENAC DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGOMIS43.44472 16.6886117750000STUDENAC DOOPRIVATEPRIVATEPRIVATEProvision of a senior long-term loan to Studenac d.o.o. (the "Company"), the largest food retailer in Croatia by number of stores, for acquisition of selected food retail chains in Croatia and future investments. The loan will support the Company in its expansion efforts as well as expected further efficiency and profitability improvements., For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54338XI-IATI-EBRD-51680European Bank for Reconstruction and DevelopmentProvision of a senior loan to finance the development, construction and operation of a 9 MW portfolio of onshore windfarm in Wrzesnia, Poland (the "project"). The borrower will be the special purpose company owning the wind farm: EW Niechanowo 2 Sp. z o.o (the "borrower"). The project will contribute to climate mitigation by adding wind generation capacity to the national energy system, increasing the share of renewable energy generation in Poland. In addition, the project will support the entry of a new player in the Polish renewable energy market.European Bank for Reconstruction and DevelopmentQWP WRZESNIA SP ZOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.01178238488.345114353.41QWP WRZESNIA SP ZOOPRIVATEPRIVATEPRIVATEProvision of a senior loan to finance the development, construction and operation of a 9 MW portfolio of onshore windfarm in Wrzesnia, Poland (the "project"). The borrower will be the special purpose company owning the wind farm: EW Niechanowo 2 Sp. z o.o (the "borrower"). The project will contribute to climate mitigation by adding wind generation capacity to the national energy system, increasing the share of renewable energy generation in Poland. In addition, the project will support the entry of a new player in the Polish renewable energy market. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51680XI-IATI-EBRD-55991European Bank for Reconstruction and DevelopmentA senior unsecured loan to LPP S.A. ("the Company") to finance its long-term investment programme. The loan proceeds will be dedicated to construction of a new green state-of-the-art warehouse in Poland and investments supporting the Company's regional expansion. The warehouse will be certified at the BREEAM Excellent level, setting a high sustainability standard for logistics infrastructure. In addition, LLP SA will open new stores in other EBRD countries of operations.European Bank for Reconstruction and DevelopmentLPP SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.0117824197368.42132500000LPP SAPRIVATEPRIVATEPRIVATEA senior unsecured loan to LPP S.A. ("the Company") to finance its long-term investment programme. The loan proceeds will be dedicated to construction of a new green state-of-the-art warehouse in Poland and investments supporting the Company's regional expansion. The warehouse will be certified at the BREEAM Excellent level, setting a high sustainability standard for logistics infrastructure. In addition, LLP SA will open new stores in other EBRD countries of operations. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55991XI-IATI-EBRD-56031European Bank for Reconstruction and DevelopmentAn equity commitment of up to EUR 20 million in favour of Energy Transition Europe II S.C.A.SICAV RAIF (the "Fund"). The Fund will provide junior debt financing for renewable energy projects across Europe. EBRD's commitment would be invested only in its countries of operations.European Bank for Reconstruction and DevelopmentENERGY TRANSITION EUROPE II SCA SICAV RAIFEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSOFIA42.69751 23.32415ATHENS37.98376 23.72784BUDAPEST47.49835 19.04045VILNIUS54.68916 25.2798WARSAW52.22977 21.01178BUCHAREST44.43225 26.1062615363773.220000000ENERGY TRANSITION EUROPE II SCA SICAV RAIFPRIVATEPRIVATEPRIVATEAn equity commitment of up to EUR 20 million in favour of Energy Transition Europe II S.C.A.SICAV RAIF (the "Fund"). The Fund will provide junior debt financing for renewable energy projects across Europe. EBRD's commitment would be invested only in its countries of operations. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56031XI-IATI-EBRD-51732European Bank for Reconstruction and DevelopmentProvision of a senior loan to Ameriabank of up to USD 5 million under the SME Competitiveness Programme in Eastern Partnership ('EaP SMEC'), established by the EBRD in cooperation with the EU to help finance investments in micro-, small and medium sized enterprises ('MSMEs') to support sustainable investments in technologies, meeting best standards in the field of product quality, occupational health and safety, environmental protection, and promoting the use of green technologies, thereby enhancing MSMEs' competitiveness locally and regionally. The project will enable Ameriabank to finance long-term investments of Armenian MSMEs in upgrading their technology and equipment necessary to meet EU standards in terms of product quality, health and safety measures and environmental preservation. At least 70 per cent of all financed sub-loans are expected to be compliant with EBRD Green Economy Transition (GET) approach. In addition to long-term financing, eligible sub-borrowers will receive technical assistance and grant support in the form of investment incentives upon the completion of their investment projects.European Bank for Reconstruction and DevelopmentAMERIABANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYEREVAN40.18111 44.513614377133.85AMERIABANK CJSCPRIVATEPRIVATEPRIVATEProvision of a senior loan to Ameriabank of up to USD 5 million under the SME Competitiveness Programme in Eastern Partnership ('EaP SMEC'), established by the EBRD in cooperation with the EU to help finance investments in micro-, small and medium sized enterprises ('MSMEs') to support sustainable investments in technologies, meeting best standards in the field of product quality, occupational health and safety, environmental protection, and promoting the use of green technologies, thereby enhancing MSMEs' competitiveness locally and regionally. The project will enable Ameriabank to finance long-term investments of Armenian MSMEs in upgrading their technology and equipment necessary to meet EU standards in terms of product quality, health and safety measures and environmental preservation. At least 70 per cent of all financed sub-loans are expected to be compliant with EBRD Green Economy Transition (GET) approach. In addition to long-term financing, eligible sub-borrowers will receive technical assistance and grant support in the form of investment incentives upon the completion of their investment projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51732XI-IATI-EBRD-56802European Bank for Reconstruction and DevelopmentProvision of a senior loan to Industrial Construction Bank CJSC (Ardshinbank CJSC) in amount of up to EUR 5m under the Refugee Response Window of the SME Competitiveness and Inclusion Programme in Eastern Partnership (the "Programme"), to support refugee-led businesses and encourage local firms to create employment opportunities for refugees and invest in their skills development, contributing to long-term inclusive impact. The loan will have a tenor of up to 5 years. The project aims to foster inclusive economic growth by supporting the entrepreneurial activities of refugees and displaced population, as well as incentivising local MSMEs to create employment opportunities for them. Aligned with the Programme's primary objective of helping MSMEs upgrade their operations to EU standards, the transaction will enable local companies to invest in modernising their production processes, with a particular focus on green technologies. These upgrades are expected to enhance the competitiveness of Armenian businesses in the European market, aiming to achieve at least 70% share of Green Economy Transition ("GET") aligned investments under the Programme.European Bank for Reconstruction and DevelopmentINDUSTRIAL CONSTRUCTION BANK CJSC ARDSHINBANKEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYEREVAN40.18111 44.513615335656.81INDUSTRIAL CONSTRUCTION BANK CJSC ARDSHINBANKPRIVATEPRIVATEPRIVATEProvision of a senior loan to Industrial Construction Bank CJSC (Ardshinbank CJSC) in amount of up to EUR 5m under the Refugee Response Window of the SME Competitiveness and Inclusion Programme in Eastern Partnership (the "Programme"), to support refugee-led businesses and encourage local firms to create employment opportunities for refugees and invest in their skills development, contributing to long-term inclusive impact. The loan will have a tenor of up to 5 years. The project aims to foster inclusive economic growth by supporting the entrepreneurial activities of refugees and displaced population, as well as incentivising local MSMEs to create employment opportunities for them. Aligned with the Programme's primary objective of helping MSMEs upgrade their operations to EU standards, the transaction will enable local companies to invest in modernising their production processes, with a particular focus on green technologies. These upgrades are expected to enhance the competitiveness of Armenian businesses in the European market, aiming to achieve at least 70% share of Green Economy Transition ("GET") aligned investments under the Programme. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56802XI-IATI-EBRD-54991European Bank for Reconstruction and DevelopmentOn August 1, 2024, the EBRD completed an equity co-investment in VeloBank SA ("VeloBank"), alongside Cerberus and the IFC in furtherance to a competitive sale process. The investment is carried out through a holding company established in the Netherlands. EBRD's stake is 9.90%. VeloBank was majority owned by the Polish Resolution Authority, Bank Guarantee Fund ("BFG") following the successful resolution process completed in September 2022. The Project supports the successful resolution of a medium-sized bank in Poland and an increase in private ownership in the Polish banking sector.European Bank for Reconstruction and DevelopmentPROMONTORIA HOLDING 418 BVEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.011785989319.247973257.19PROMONTORIA HOLDING 418 BVPRIVATEPRIVATEPRIVATEOn August 1, 2024, the EBRD completed an equity co-investment in VeloBank SA ("VeloBank"), alongside Cerberus and the IFC in furtherance to a competitive sale process. The investment is carried out through a holding company established in the Netherlands. EBRD's stake is 9.90%. VeloBank was majority owned by the Polish Resolution Authority, Bank Guarantee Fund ("BFG") following the successful resolution process completed in September 2022. The Project supports the successful resolution of a medium-sized bank in Poland and an increase in private ownership in the Polish banking sector. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54991XI-IATI-EBRD-47477European Bank for Reconstruction and DevelopmentEBRD is supporting the Khujand Solid Waste sub-Project (Phase II) under Tajikistan Solid Waste Framework (the Project). The proposed transaction builds upon the achievements of the Khujand Solid Waste Management Project (OpId 41769) (Phase I). Phase I was signed in November 2011 and now close to being completed. For Phase II EBRD is planning to provide a loan of up to US$ 2.5 million to the State Unitary Enterprise Khizmatrasonii Naqliyoti Sanitari, a solid waste management Company in the city of Khujand (the Company). The Republic of Tajikistan will provide a sovereign guarantee and the city of Khujand, as owner of the Company, will sign a Project Support Agreement with the Bank and the Company. EBRD will also seek an investment grant from an international donor of US$ 2.5 million to facilitate the implementation of the Project. The proceeds of the Loan and the Grant will be used for the (i) construction of a modern integrated solid waste treatment facility (the Facility), (ii) further improvements at the City landfill, (iii) rehabilitation of the remaining waste collection points in Khujand, and (iv) procurement of waste collection containers and machinery and equipment. The key benefits of the Project are better service and environmental standards due to the: (i) timely and reliable waste collection and transportation operations, (ii) reduced landfilling, (iii) lower CO2 and methane emissions, and (iv) introduction of appropriate standards for re-use and recovery of resources. The key benefits of the Project are better service and environmental standards due to the: (i) timely and reliable waste collection and transportation operations, (ii) reduced landfilling, (iii) lower CO2 and methane emissions, and (iv) introduction of appropriate standards for re-use and recovery of resources.European Bank for Reconstruction and DevelopmentSOLID WASTE MANAGEMENT COMPANY OF THE CITY OF KHUJANDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKHUJAND40.28256 69.622160.012188566.92SOLID WASTE MANAGEMENT COMPANY OF THE CITY OF KHUJAND21885.67SOLID WASTE MANAGEMENT COMPANY OF THE CITY OF KHUJAND57596.08SOLID WASTE MANAGEMENT COMPANY OF THE CITY OF KHUJAND243065.04SOLID WASTE MANAGEMENT COMPANY OF THE CITY OF KHUJAND233686.42SOLID WASTE MANAGEMENT COMPANY OF THE CITY OF KHUJAND333493.83SOLID WASTE MANAGEMENT COMPANY OF THE CITY OF KHUJAND24523.68SOLID WASTE MANAGEMENT COMPANY OF THE CITY OF KHUJAND256826.58SOLID WASTE MANAGEMENT COMPANY OF THE CITY OF KHUJAND196990.48SOLID WASTE MANAGEMENT COMPANY OF THE CITY OF KHUJAND18449.62SOLID WASTE MANAGEMENT COMPANY OF THE CITY OF KHUJAND23561.78SOLID WASTE MANAGEMENT COMPANY OF THE CITY OF KHUJAND16008.21SOLID WASTE MANAGEMENT COMPANY OF THE CITY OF KHUJAND61005.45SOLID WASTE MANAGEMENT COMPANY OF THE CITY OF KHUJAND120449.59SOLID WASTE MANAGEMENT COMPANY OF THE CITY OF KHUJAND39925.76SOLID WASTE MANAGEMENT COMPANY OF THE CITY OF KHUJAND9389.49SOLID WASTE MANAGEMENT COMPANY OF THE CITY OF KHUJAND13783.42SOLID WASTE MANAGEMENT COMPANY OF THE CITY OF KHUJAND5016.72SOLID WASTE MANAGEMENT COMPANY OF THE CITY OF KHUJAND33497.2SOLID WASTE MANAGEMENT COMPANY OF THE CITY OF KHUJAND30306.88SOLID WASTE MANAGEMENT COMPANY OF THE CITY OF KHUJAND24525.71SOLID WASTE MANAGEMENT COMPANY OF THE CITY OF KHUJAND105534.05SOLID WASTE MANAGEMENT COMPANY OF THE CITY OF KHUJAND26351.41SOLID WASTE MANAGEMENT COMPANY OF THE CITY OF KHUJAND242353.15SOLID WASTE MANAGEMENT COMPANY OF THE CITY OF KHUJAND47746.68SOLID WASTE MANAGEMENT COMPANY OF THE CITY OF KHUJANDSTATESTATESTATESTATEEBRD is supporting the Khujand Solid Waste sub-Project (Phase II) under Tajikistan Solid Waste Framework (the Project). The proposed transaction builds upon the achievements of the Khujand Solid Waste Management Project (OpId 41769) (Phase I). Phase I was signed in November 2011 and now close to being completed. For Phase II EBRD is planning to provide a loan of up to US$ 2.5 million to the State Unitary Enterprise Khizmatrasonii Naqliyoti Sanitari, a solid waste management Company in the city of Khujand (the Company). The Republic of Tajikistan will provide a sovereign guarantee and the city of Khujand, as owner of the Company, will sign a Project Support Agreement with the Bank and the Company. EBRD will also seek an investment grant from an international donor of US$ 2.5 million to facilitate the implementation of the Project. The proceeds of the Loan and the Grant will be used for the (i) construction of a modern integrated solid waste treatment facility (the Facility), (ii) further improvements at the City landfill, (iii) rehabilitation of the remaining waste collection points in Khujand, and (iv) procurement of waste collection containers and machinery and equipment. The key benefits of the Project are better service and environmental standards due to the: (i) timely and reliable waste collection and transportation operations, (ii) reduced landfilling, (iii) lower CO2 and methane emissions, and (iv) introduction of appropriate standards for re-use and recovery of resources. The key benefits of the Project are better service and environmental standards due to the: (i) timely and reliable waste collection and transportation operations, (ii) reduced landfilling, (iii) lower CO2 and methane emissions, and (iv) introduction of appropriate standards for re-use and recovery of resources. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47477XI-IATI-EBRD-54831European Bank for Reconstruction and DevelopmentSenior unsecured loan to ACBA Bank of up to USD 15 million under the Financial Intermediaries Framework ("FIF") for on-lending to private micro-, small and medium enterprises ("MSMEs") in Armenia. The project will improve access to finance for SMEs, which are the main source of employment in the private sector and a major contributor to the economy in Armenia. The loan will enable ACBA to increase outreach and meet unsatisfied demand for longer term LCY funding from SMEs. The focus will also be on lending in the regions outside the capital and attracting new SME clients.European Bank for Reconstruction and DevelopmentACBA BANK OJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYEREVAN40.18111 44.5136113435988.4ACBA BANK OJSCPRIVATEPRIVATEPRIVATESenior unsecured loan to ACBA Bank of up to USD 15 million under the Financial Intermediaries Framework ("FIF") for on-lending to private micro-, small and medium enterprises ("MSMEs") in Armenia. The project will improve access to finance for SMEs, which are the main source of employment in the private sector and a major contributor to the economy in Armenia. The loan will enable ACBA to increase outreach and meet unsatisfied demand for longer term LCY funding from SMEs. The focus will also be on lending in the regions outside the capital and attracting new SME clients. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54831XI-IATI-EBRD-53400European Bank for Reconstruction and DevelopmentAn equity commitment of up to USD 50 million in favour of Horizon Capital Growth Fund IV (the "Fund"). The Fund has a target size of USD 250 million. The Fund will seek to generate long-term capital appreciation through equity and quasi-equity investments in growth-oriented small and medium-sized enterprises ("SME") and mid-cap companies primarily in Ukraine and Moldova.European Bank for Reconstruction and DevelopmentHORIZON CAPITAL GROWTH FUND IVEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCHISINAU47.00556 28.8575KYIV50.45466 30.523818734957.9144590375.95HORIZON CAPITAL GROWTH FUND IVPRIVATEPRIVATEPRIVATEAn equity commitment of up to USD 50 million in favour of Horizon Capital Growth Fund IV (the "Fund"). The Fund has a target size of USD 250 million. The Fund will seek to generate long-term capital appreciation through equity and quasi-equity investments in growth-oriented small and medium-sized enterprises ("SME") and mid-cap companies primarily in Ukraine and Moldova. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53400XI-IATI-EBRD-50535European Bank for Reconstruction and DevelopmentInvestment in Polish zloty-denominted subordinated bonds for an amount of PLN 138,500,000 (EUR 32.7 million) as part of a total aggregate issuance of PLN 750 millon (EUR 174 million) by Bank Polska Kasa Opieki S.A. ("Bank Pekao S.A." or the "Issuer"), a public company incorporated in Poland and the country's third largest commercial bank. Bank Pekao has committed to allocate the equivalent of 150 per cent of the proceeds from EBRD investments in the bonds to finance energy efficiency improvements of commercial energy efficiency projects achieving energy savings 20% above the national standard as well as certified commercial and residential projects which meet the GET eligiblity criteria in compliance with internationally accepted certification schemes.European Bank for Reconstruction and DevelopmentBANK POLSKA KASA OPIEKI SA (BANK PEKAO)European Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.01178176555283.88BANK POLSKA KASA OPIEKI SA (BANK PEKAO)PRIVATEPRIVATEPRIVATEInvestment in Polish zloty-denominted subordinated bonds for an amount of PLN 138,500,000 (EUR 32.7 million) as part of a total aggregate issuance of PLN 750 millon (EUR 174 million) by Bank Polska Kasa Opieki S.A. ("Bank Pekao S.A." or the "Issuer"), a public company incorporated in Poland and the country's third largest commercial bank. Bank Pekao has committed to allocate the equivalent of 150 per cent of the proceeds from EBRD investments in the bonds to finance energy efficiency improvements of commercial energy efficiency projects achieving energy savings 20% above the national standard as well as certified commercial and residential projects which meet the GET eligiblity criteria in compliance with internationally accepted certification schemes. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50535XI-IATI-EBRD-55640European Bank for Reconstruction and DevelopmentProvision of a senior loan to Araratbank ("AB") of up to USD 5 million under the SME Competitiveness and Inclusion Programme in Eastern Partnership ("EaP SMECI") established by the EBRD in cooperation with the European Union ("EU") to be on-lent to eligible micro, small and medium sized enterprises ("MSMEs"). The project will enable AB to finance long-term investments of Armenian MSMEs in upgrading their production facilities and processes to achieve compliance with the EU standards, including investments in sustainable and green technologies, thus facilitating competitiveness of Armenian MSMEs in the European and domestic markets. In addition to long-term financing, eligible sub-borrowers will benefit from investment incentives upon successful completion of their investment projects. At least 70 per cent of all financed sub-loans are expected to be compliant with EBRD Green Economy Transition ("GET") approach. The project will also introduce, for the first time, a new voluntary window Refugee Response Window for Armenia ("RRWA") dedicated and designed to address challenges faced specifically by displaced people as well as MSMEs in host communities. In addition to SMECI investment incentives, the RRWA will offer enhanced incentives to underserved, yet bankable refugee population, as well as, MSMEs in host communities to integrate and on-board refugees into their workforce.European Bank for Reconstruction and DevelopmentARARATBANK OJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYEREVAN40.18111 44.513614377133.85ARARATBANK OJSCPRIVATEPRIVATEPRIVATEProvision of a senior loan to Araratbank ("AB") of up to USD 5 million under the SME Competitiveness and Inclusion Programme in Eastern Partnership ("EaP SMECI") established by the EBRD in cooperation with the European Union ("EU") to be on-lent to eligible micro, small and medium sized enterprises ("MSMEs"). The project will enable AB to finance long-term investments of Armenian MSMEs in upgrading their production facilities and processes to achieve compliance with the EU standards, including investments in sustainable and green technologies, thus facilitating competitiveness of Armenian MSMEs in the European and domestic markets. In addition to long-term financing, eligible sub-borrowers will benefit from investment incentives upon successful completion of their investment projects. At least 70 per cent of all financed sub-loans are expected to be compliant with EBRD Green Economy Transition ("GET") approach. The project will also introduce, for the first time, a new voluntary window Refugee Response Window for Armenia ("RRWA") dedicated and designed to address challenges faced specifically by displaced people as well as MSMEs in host communities. In addition to SMECI investment incentives, the RRWA will offer enhanced incentives to underserved, yet bankable refugee population, as well as, MSMEs in host communities to integrate and on-board refugees into their workforce. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55640XI-IATI-EBRD-56677European Bank for Reconstruction and DevelopmentSenior unsecured loan in the amount of up to EUR 15 million to be provided to ProCredit Bank Georgia ('PCBG', 'the bank') for on-lending to youth-led MSMEs in Georgia under the Youth in Business (YiB) Programme for Caucasus. The transaction will be the first one under the YiB Caucasus Programme in Georgia, therefore adding one more country to YiB framework. The facility is expected to increase lending to young entrepreneurs and MSMEs, support PCBG's capacity building and promote skills transfer to young business owners/managers.European Bank for Reconstruction and DevelopmentPROCREDIT BANK GEORGIA JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTBILISI41.69411 44.83368300000010000000PROCREDIT BANK GEORGIA JSCPRIVATEPRIVATEPRIVATESenior unsecured loan in the amount of up to EUR 15 million to be provided to ProCredit Bank Georgia ('PCBG', 'the bank') for on-lending to youth-led MSMEs in Georgia under the Youth in Business (YiB) Programme for Caucasus. The transaction will be the first one under the YiB Caucasus Programme in Georgia, therefore adding one more country to YiB framework. The facility is expected to increase lending to young entrepreneurs and MSMEs, support PCBG's capacity building and promote skills transfer to young business owners/managers. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56677XI-IATI-EBRD-55307European Bank for Reconstruction and DevelopmentThe provision of a senior unsecured loan to ACBA Leasing in the amount of up to USD 5m for on-lending to micro, small and medium-sized enterprises ("MSMEs") in Armenia under the Eastern Partnership SME Competitiveness and Inclusion ("EaP SMECI") Programme. The Loan will support sustainable investments and promotion of green technologies among local MSMEs that will assist in improving competitiveness and compliance with technical and environmental standards in line with the EU directives. Up to 70% of the sub-loans are expected to be green/GET-eligible.European Bank for Reconstruction and DevelopmentACBA LEASING CREDIT ORGANIZATION CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYEREVAN40.18111 44.513614377133.85ACBA LEASING CREDIT ORGANIZATION CJSCPRIVATEPRIVATEPRIVATEThe provision of a senior unsecured loan to ACBA Leasing in the amount of up to USD 5m for on-lending to micro, small and medium-sized enterprises ("MSMEs") in Armenia under the Eastern Partnership SME Competitiveness and Inclusion ("EaP SMECI") Programme. The Loan will support sustainable investments and promotion of green technologies among local MSMEs that will assist in improving competitiveness and compliance with technical and environmental standards in line with the EU directives. Up to 70% of the sub-loans are expected to be green/GET-eligible. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55307XI-IATI-EBRD-54301European Bank for Reconstruction and DevelopmentThe proposed transaction is an up to EUR 17.0m participation in a convertible instrument of up to EUR 22.0m in favour of the North Symphony Investments S.a.R.L, (the "Investee") alongside majority shareholder MidEuropa Partners Fund V ("MEP") and selected minority shareholders for EUR 5.0m. EBRD's investment would consist of a EUR 15.0m committed tranche and a EUR 2.0m uncommitted tranche. The Investee is a holding company based in Luxemburg and the 100%-owner of UAB Pigu (the "Company"; "PHH Group" together with subsidiaries), a Lithuania-based provider of e-commerce services with operations across the Baltics and Finland. Project objectives include: - Increase in the number of merchants from the Baltics on the Company's platform - Bolstering of the Gross Merchandise Value (GMV) generated by Baltic merchants on the Finnish marketplace - Profitability improvementsEuropean Bank for Reconstruction and DevelopmentNORTH SYMPHONY INVESTMENT SARLEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTALLINN59.43696 24.75353VILNIUS54.68916 25.2798RIGA56.946 24.105890.0117250780.54NORTH SYMPHONY INVESTMENT SARLPRIVATEPRIVATEPRIVATEThe proposed transaction is an up to EUR 17.0m participation in a convertible instrument of up to EUR 22.0m in favour of the North Symphony Investments S.a.R.L, (the "Investee") alongside majority shareholder MidEuropa Partners Fund V ("MEP") and selected minority shareholders for EUR 5.0m. EBRD's investment would consist of a EUR 15.0m committed tranche and a EUR 2.0m uncommitted tranche. The Investee is a holding company based in Luxemburg and the 100%-owner of UAB Pigu (the "Company"; "PHH Group" together with subsidiaries), a Lithuania-based provider of e-commerce services with operations across the Baltics and Finland. Project objectives include: - Increase in the number of merchants from the Baltics on the Company's platform - Bolstering of the Gross Merchandise Value (GMV) generated by Baltic merchants on the Finnish marketplace - Profitability improvements For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54301XI-IATI-EBRD-51534European Bank for Reconstruction and DevelopmentEUR 22.7 million participation in a EUR 650 million share capital increase (the "Project") by Lamda Development ("Lamda" or the "Company"), the private sponsor of the Hellinikon Urban Regeneration Development (the "Hellinikon Development"). The capital increase was raised through a domestic secondary public offering with the new shares listed and traded on the Athens Stock Exchange. The funds will support the financing of the first phase of the Hellinikon Development, which is aiming to regenerate the former Hellinikon Airport area located on the Athens coastal front, into a sustainable and fully integrated commercial, residential and tourist infrastructure.European Bank for Reconstruction and DevelopmentLAMDA DEVELOPMENT SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATHENS37.98376 23.7278422730476LAMDA DEVELOPMENT SAPRIVATEPRIVATEPRIVATEEUR 22.7 million participation in a EUR 650 million share capital increase (the "Project") by Lamda Development ("Lamda" or the "Company"), the private sponsor of the Hellinikon Urban Regeneration Development (the "Hellinikon Development"). The capital increase was raised through a domestic secondary public offering with the new shares listed and traded on the Athens Stock Exchange. The funds will support the financing of the first phase of the Hellinikon Development, which is aiming to regenerate the former Hellinikon Airport area located on the Athens coastal front, into a sustainable and fully integrated commercial, residential and tourist infrastructure. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51534XI-IATI-EBRD-56646European Bank for Reconstruction and DevelopmentThe EBRD's pro-rata participation in an equity co-investment alongside Mid Europa Partners Fund V LP ("MEP V") and other co-investors in a capital increase in Famar (the "Company", "Famar"), translating into an additional EBRD commitment of c. EUR 5.2m. The EBRD is an existing equity investor in Famar, having invested EUR 24.25m in the Company in September 2024 (the "Original Transaction"; SGS24-330, DFF - Famar (f. Project Newton)) as a co-investment alongside MEP V, a private equity fund managed by Mid Europa Partners LLP ("MEP"), and in which the EBRD is an existing investor. The capital increase will accelerate the Company's growth plans: specifically, proceeds will be used to acquire a state-of-the-art sterile site in Homburg, Germany and to finance additional capex investments into the Company's Greek operations. The EBRD's equity proceeds will be used to finance the Greek capex.European Bank for Reconstruction and DevelopmentEPIONE CO-INVESTMENT LPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATHENS37.98376 23.727845234254.44EPIONE CO-INVESTMENT LPPRIVATEPRIVATEPRIVATEThe EBRD's pro-rata participation in an equity co-investment alongside Mid Europa Partners Fund V LP ("MEP V") and other co-investors in a capital increase in Famar (the "Company", "Famar"), translating into an additional EBRD commitment of c. EUR 5.2m. The EBRD is an existing equity investor in Famar, having invested EUR 24.25m in the Company in September 2024 (the "Original Transaction"; SGS24-330, DFF - Famar (f. Project Newton)) as a co-investment alongside MEP V, a private equity fund managed by Mid Europa Partners LLP ("MEP"), and in which the EBRD is an existing investor. The capital increase will accelerate the Company's growth plans: specifically, proceeds will be used to acquire a state-of-the-art sterile site in Homburg, Germany and to finance additional capex investments into the Company's Greek operations. The EBRD's equity proceeds will be used to finance the Greek capex. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56646XI-IATI-EBRD-56436European Bank for Reconstruction and DevelopmentThe European Bank for Reconstruction and Development ("EBRD" or the "Bank") invested EUR 20 million in a EUR 300 million, 5.5-years, senior secured corporate bond issued by the PeopleCert Group ("PeopleCert" or the "Group"). Proceeds will be used to (i) refinance PeopleCert's existing EUR 300 million bond and (ii) finance the acquisition of the commercial awarding and skills training activities of the City & Guilds of London ("C&G", or "the target") for approximately GBP 183 million.European Bank for Reconstruction and DevelopmentPEOPLECERT WISDOM ISSUER PLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATHENS37.98376 23.7278420000000PEOPLECERT WISDOM ISSUER PLCPRIVATEPRIVATEPRIVATEThe European Bank for Reconstruction and Development ("EBRD" or the "Bank") invested EUR 20 million in a EUR 300 million, 5.5-years, senior secured corporate bond issued by the PeopleCert Group ("PeopleCert" or the "Group"). Proceeds will be used to (i) refinance PeopleCert's existing EUR 300 million bond and (ii) finance the acquisition of the commercial awarding and skills training activities of the City & Guilds of London ("C&G", or "the target") for approximately GBP 183 million. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56436XI-IATI-EBRD-55781European Bank for Reconstruction and DevelopmentA EUR 60 million Resilience and Livelihoods Guarantee ("RLG"), under the Resilience and Livelihoods Framework, in the form of an unfunded portfolio risk-sharing facility covering up to 50 per cent of the credit risk in sub-loans with the total value of EUR 200 million equivalent (the "Covered Portfolio") to be originated by JSC OTP Bank ("OTPU", the "PFI") in Ukraine. The facility will be provided in three tranches: Tranche A of EUR 22.5M of EBRD's guarantee to cover EUR 75M of the Covered Portfolio; Tranche B of EUR 15M of EBRD's guarantee to cover EUR 50M of the Covered Portfolio, and Tranche C of EUR 22.5M of EBRD's guarantee to cover EUR 75M of Covered Portfolio. Tranche B and C remain uncommitted. Up to EUR 40 million of risk shared sub-loans will finance SMEs' long-term investments under the EU4Business-EBRD Credit Line with Incentives (within a dedicated sub-limit assigned with a separate EBRD project number 55782). This will enable financing of long-term capital investments of SMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of the sub-limit), thereby enhancing their competitiveness. Eligible sub-borrowers will also receive technical assistance funded by the EU and grant support in the form of investment incentives upon the completion of their investment projects. The Facility will be used to support lending to Ukrainian private companies operating in the primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in Ukraine.European Bank for Reconstruction and DevelopmentOTP BANK PJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.52384000000040000000OTP BANK PJSCPRIVATEPRIVATEPRIVATEA EUR 60 million Resilience and Livelihoods Guarantee ("RLG"), under the Resilience and Livelihoods Framework, in the form of an unfunded portfolio risk-sharing facility covering up to 50 per cent of the credit risk in sub-loans with the total value of EUR 200 million equivalent (the "Covered Portfolio") to be originated by JSC OTP Bank ("OTPU", the "PFI") in Ukraine. The facility will be provided in three tranches: Tranche A of EUR 22.5M of EBRD's guarantee to cover EUR 75M of the Covered Portfolio; Tranche B of EUR 15M of EBRD's guarantee to cover EUR 50M of the Covered Portfolio, and Tranche C of EUR 22.5M of EBRD's guarantee to cover EUR 75M of Covered Portfolio. Tranche B and C remain uncommitted. Up to EUR 40 million of risk shared sub-loans will finance SMEs' long-term investments under the EU4Business-EBRD Credit Line with Incentives (within a dedicated sub-limit assigned with a separate EBRD project number 55782). This will enable financing of long-term capital investments of SMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of the sub-limit), thereby enhancing their competitiveness. Eligible sub-borrowers will also receive technical assistance funded by the EU and grant support in the form of investment incentives upon the completion of their investment projects. The Facility will be used to support lending to Ukrainian private companies operating in the primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55781XI-IATI-EBRD-47163European Bank for Reconstruction and DevelopmentThe EBRD is providing a EUR 300 million long-term loan to the Bulgarian Deposit Insurance Fund ("BDIF", "the Fund"), guaranteed by the Republic of Bulgaria. The loan will support the optimisation of BDIF's funding structure and the long-term sustainability of the Fund's operations. The project's objective is to support the ongoing reforms in the deposit insurance system. The project will allow BDIF to meet the objectives set up in the new Law on Bank Deposit Guarantee and the Law on Recovery and Resolution of Credit Institutions and Investment Firms.European Bank for Reconstruction and DevelopmentBULGARIAN DEPOSIT INSURANCE FUNDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSOFIA42.69751 23.32415300000000BULGARIAN DEPOSIT INSURANCE FUND1500000BULGARIAN DEPOSIT INSURANCE FUND298500000BULGARIAN DEPOSIT INSURANCE FUNDSTATESTATESTATESTATEThe EBRD is providing a EUR 300 million long-term loan to the Bulgarian Deposit Insurance Fund ("BDIF", "the Fund"), guaranteed by the Republic of Bulgaria. The loan will support the optimisation of BDIF's funding structure and the long-term sustainability of the Fund's operations. The project's objective is to support the ongoing reforms in the deposit insurance system. The project will allow BDIF to meet the objectives set up in the new Law on Bank Deposit Guarantee and the Law on Recovery and Resolution of Credit Institutions and Investment Firms. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47163XI-IATI-EBRD-53664European Bank for Reconstruction and DevelopmentFood Security Guarantee ("FSG", the "Facility") in the form of an unfunded risk-sharing instrument covering 50 per cent of the credit risk in newly originated sub-leases with the total value of EUR 19.5 million equivalent to be originated by OTPL. The Facility will support food security in Ukraine by enhancing OTPL's capacity to provide much needed access to finance for Ukrainian private companies operating in critical agri-related industries (farming, food and agri produce processing, transportation and imports), with the ultimate goal of preserving livelihoods in the country.European Bank for Reconstruction and DevelopmentOTP LEASING LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.52389750000OTP LEASING LLCPRIVATEPRIVATEPRIVATEFood Security Guarantee ("FSG", the "Facility") in the form of an unfunded risk-sharing instrument covering 50 per cent of the credit risk in newly originated sub-leases with the total value of EUR 19.5 million equivalent to be originated by OTPL. The Facility will support food security in Ukraine by enhancing OTPL's capacity to provide much needed access to finance for Ukrainian private companies operating in critical agri-related industries (farming, food and agri produce processing, transportation and imports), with the ultimate goal of preserving livelihoods in the country. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53664XI-IATI-EBRD-56311European Bank for Reconstruction and DevelopmentAn unfunded risk-sharing instrument covering up to 50 per cent of the credit risk in sub-loans with the total value of EUR 625 million equivalent (the "Covered Portfolio") to be originated by PrivatBank in Ukraine. The Project will include three sub-limits with the Covered Portfolio of: (i) EUR 487.5 million under the Resilience and Livelihoods Guarantee product, (ii) EUR 47.5 million under EBRD's Energy Security Support Facility (assigned with a separate EBRD project number 56312) and (iii) EUR 90 million under the EU4Business-EBRD Credit Line with Incentives (assigned with a separate EBRD project number 56313). Under the Resilience and Livelihoods Guarantee, sub-loans will finance a broader range of working capital and investment needs of Ukrainian private businesses across key economic sectors, helping sustain their operations and livelihoods. Under the Energy Security Support Facility, sub-loans will finance energy generation, energy storage and energy efficiency sub-projects to Ukrainian businesses and households. All sub-borrowers will receive technical assistance to facilitate their investments' structuring and implementation. Eligible residential sub-borrowers will additionally receive grant support in form of investment incentives upon the completion of their eligible investment projects. At least 70% of enabled financing will support investments in sustainable and green technologies ultimately contributing to the country's energy security, and sustainable development goals. Under the EU4Business-EBRD Credit Line with Incentives, the EBRD and the EU support investment projects of local small and medium enterprises ("SMEs"). The EBRD enables financing of long-term capital investments of SMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of the enabled financing), thereby enhancing businesses' competitiveness. Eligible sub-borrowers will also receive technical assistance funded by the EU and grant support in the form of investment incentives upon the completion of their investment projects. The facility will be used to support lending to Ukrainian sub-borrowers in the primary and secondary agriculture sectors, as well as other critical areas essential for the country's energy security, with priority given to MSME, corporate borrowers, and households investing in projects that enhance energy security and energy efficiency in Ukraine.European Bank for Reconstruction and DevelopmentPRIVATBANK CB JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGDNIPRO48.4593 35.03865121875000121875000PRIVATBANK CB JSCPRIVATEPRIVATEPRIVATEAn unfunded risk-sharing instrument covering up to 50 per cent of the credit risk in sub-loans with the total value of EUR 625 million equivalent (the "Covered Portfolio") to be originated by PrivatBank in Ukraine. The Project will include three sub-limits with the Covered Portfolio of: (i) EUR 487.5 million under the Resilience and Livelihoods Guarantee product, (ii) EUR 47.5 million under EBRD's Energy Security Support Facility (assigned with a separate EBRD project number 56312) and (iii) EUR 90 million under the EU4Business-EBRD Credit Line with Incentives (assigned with a separate EBRD project number 56313). Under the Resilience and Livelihoods Guarantee, sub-loans will finance a broader range of working capital and investment needs of Ukrainian private businesses across key economic sectors, helping sustain their operations and livelihoods. Under the Energy Security Support Facility, sub-loans will finance energy generation, energy storage and energy efficiency sub-projects to Ukrainian businesses and households. All sub-borrowers will receive technical assistance to facilitate their investments' structuring and implementation. Eligible residential sub-borrowers will additionally receive grant support in form of investment incentives upon the completion of their eligible investment projects. At least 70% of enabled financing will support investments in sustainable and green technologies ultimately contributing to the country's energy security, and sustainable development goals. Under the EU4Business-EBRD Credit Line with Incentives, the EBRD and the EU support investment projects of local small and medium enterprises ("SMEs"). The EBRD enables financing of long-term capital investments of SMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of the enabled financing), thereby enhancing businesses' competitiveness. Eligible sub-borrowers will also receive technical assistance funded by the EU and grant support in the form of investment incentives upon the completion of their investment projects. The facility will be used to support lending to Ukrainian sub-borrowers in the primary and secondary agriculture sectors, as well as other critical areas essential for the country's energy security, with priority given to MSME, corporate borrowers, and households investing in projects that enhance energy security and energy efficiency in Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56311XI-IATI-EBRD-53874European Bank for Reconstruction and DevelopmentUp to EUR 75 million holding level loan to R4R Poland Sp. z o.o. ("Resi4Rent", or the "Company"), a limited liability company incorporated in Poland for financing development and operation of a pipeline of apartments for rent across Poland. Up to EUR 25 million increase (the "Loan Top-Up") to the original loan of EUR 50 million (the "Original Transaction") to further support Resi4Rent in its goal to grow its portfolio to 10,000 units. The proceeds from the planned financing will be utilized to finance the development and operation of a portfolio of apartments for rent located across Poland in Warsaw, Krakow, Wroclaw, Gdansk, Lodz and Poznan. Currently, the Company operates in Private Rented Sector with ca. 3,300 units, and according to its business plan aims to build a platform with 10,000 operating units by 2025.European Bank for Reconstruction and DevelopmentR4R POLAND SP ZOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.0117875000000R4R POLAND SP ZOOPRIVATEPRIVATEPRIVATEUp to EUR 75 million holding level loan to R4R Poland Sp. z o.o. ("Resi4Rent", or the "Company"), a limited liability company incorporated in Poland for financing development and operation of a pipeline of apartments for rent across Poland. Up to EUR 25 million increase (the "Loan Top-Up") to the original loan of EUR 50 million (the "Original Transaction") to further support Resi4Rent in its goal to grow its portfolio to 10,000 units. The proceeds from the planned financing will be utilized to finance the development and operation of a portfolio of apartments for rent located across Poland in Warsaw, Krakow, Wroclaw, Gdansk, Lodz and Poznan. Currently, the Company operates in Private Rented Sector with ca. 3,300 units, and according to its business plan aims to build a platform with 10,000 operating units by 2025. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53874XI-IATI-EBRD-50122European Bank for Reconstruction and DevelopmentThe European Bank for Reconstruction and Development ("EBRD" or the "Bank") invested EUR 50 million in a debut 5-year EUR 300 million Eurobond issued by the PeopleCert Group ("PeopleCert" or the "Group"). Bond proceeds were used to support the acquisition of Axelos Ltd (the "Target"), a UK based examination provider and PeopleCert's main business partner. A small share of the use of proceeds will be used to refinance Group's existing indebtedness.European Bank for Reconstruction and DevelopmentPEOPLECERT WISDOM ISSUER PLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATHENS37.98376 23.7278450000000PEOPLECERT WISDOM ISSUER PLCPRIVATEPRIVATEPRIVATEThe European Bank for Reconstruction and Development ("EBRD" or the "Bank") invested EUR 50 million in a debut 5-year EUR 300 million Eurobond issued by the PeopleCert Group ("PeopleCert" or the "Group"). Bond proceeds were used to support the acquisition of Axelos Ltd (the "Target"), a UK based examination provider and PeopleCert's main business partner. A small share of the use of proceeds will be used to refinance Group's existing indebtedness. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50122XI-IATI-EBRD-54319European Bank for Reconstruction and DevelopmentUp to EUR 25 million holding level loan to AEREF V PL PRS S.a r.l for financing the development and operation of a pipeline of apartments for rent across Poland. The project is considered under the Resilience and Livelihoods Framework, a EUR 2 billion package which was adopted by the EBRD after the start of the war on Ukraine in order to support Ukraine and other affected countries. The operation will help to improve the housing situation in Poland, which was recently exacerbated by the war on Ukraine and the inflow of Ukrainian refugees to Poland. Currently, the Company operates in Private Rented Sector with 688 units, with the share of Ukrainian tenants standing at 28%. The proceeds from the planned financing will be utilized to finance the development and operation of a portfolio of apartments for rent located across Poland in Warsaw, Krakow, Wroclaw, Gdansk, Lodz and Katowice. The Company aims to grow the platform to the target size of 10,000 operating units.European Bank for Reconstruction and DevelopmentAEREF V PL PRS SARLEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.0117825000000AEREF V PL PRS SARLPRIVATEPRIVATEPRIVATEUp to EUR 25 million holding level loan to AEREF V PL PRS S.a r.l for financing the development and operation of a pipeline of apartments for rent across Poland. The project is considered under the Resilience and Livelihoods Framework, a EUR 2 billion package which was adopted by the EBRD after the start of the war on Ukraine in order to support Ukraine and other affected countries. The operation will help to improve the housing situation in Poland, which was recently exacerbated by the war on Ukraine and the inflow of Ukrainian refugees to Poland. Currently, the Company operates in Private Rented Sector with 688 units, with the share of Ukrainian tenants standing at 28%. The proceeds from the planned financing will be utilized to finance the development and operation of a portfolio of apartments for rent located across Poland in Warsaw, Krakow, Wroclaw, Gdansk, Lodz and Katowice. The Company aims to grow the platform to the target size of 10,000 operating units. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54319XI-IATI-EBRD-50383European Bank for Reconstruction and DevelopmentAn equity commitment of up to EUR 15 million in favour of EOS Hellenic Renaissance Fund RAIF - SCA (the "Fund"). The Fund will seek to make equity, quasi-equity and equity related investments in small and medium-sized enterprises in Greece, with the objective of achieving long-term capital growth.European Bank for Reconstruction and DevelopmentEOS HELLENIC RENAISSANCE FUND RAIF - SCAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATHENS37.98376 23.72784972512.3415000000EOS HELLENIC RENAISSANCE FUND RAIF - SCAPRIVATEPRIVATEPRIVATEAn equity commitment of up to EUR 15 million in favour of EOS Hellenic Renaissance Fund RAIF - SCA (the "Fund"). The Fund will seek to make equity, quasi-equity and equity related investments in small and medium-sized enterprises in Greece, with the objective of achieving long-term capital growth. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50383XI-IATI-EBRD-52673European Bank for Reconstruction and DevelopmentProvision of an equity investment of up to EUR 120 million in Meridiam Sustainable Infrastructure Europe IV ("the Fund"). EBRD's commitment would be deployed exclusively in selected EBRD's countries of operations ("CoOs"). The Fund will invest in capital expenditure-intensive infrastructure projects that provide essential services, generating a positive socio-economic impact, as well as in operational assets. The Fund will be managed by Meridiam SAS ("Meridiam" or "the Fund Manager"). Meridiam will apply the sustainability strategy that it has developed over the years and that focuses on themes such as resilient infrastructure and sustainable cities, clean and affordable energy, climate action and strategy, good working conditions, inclusion and gender and biodiversity. These sustainability pillars are linked to the Sustainable Development Goals ("SDGs") against which the Fund will be measured.European Bank for Reconstruction and DevelopmentMERIDIAM SUSTAINABLE INFRASTRUCTURE EASTERN EUROPE IV SLPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATHENS37.98376 23.72784NUR-SULTAN51.1801 71.44598WARSAW52.22977 21.01178ANKARA39.91987 32.85427TASHKENT41.26465 69.2162735897913120000000MERIDIAM SUSTAINABLE INFRASTRUCTURE EASTERN EUROPE IV SLPPRIVATEPRIVATEPRIVATEProvision of an equity investment of up to EUR 120 million in Meridiam Sustainable Infrastructure Europe IV ("the Fund"). EBRD's commitment would be deployed exclusively in selected EBRD's countries of operations ("CoOs"). The Fund will invest in capital expenditure-intensive infrastructure projects that provide essential services, generating a positive socio-economic impact, as well as in operational assets. The Fund will be managed by Meridiam SAS ("Meridiam" or "the Fund Manager"). Meridiam will apply the sustainability strategy that it has developed over the years and that focuses on themes such as resilient infrastructure and sustainable cities, clean and affordable energy, climate action and strategy, good working conditions, inclusion and gender and biodiversity. These sustainability pillars are linked to the Sustainable Development Goals ("SDGs") against which the Fund will be measured. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52673XI-IATI-EBRD-57382European Bank for Reconstruction and DevelopmentParticipation of EUR 20 million in the EUR 300 million green bond issuance by Eesti Energia (the "Company" or the "Issuer"), with the bond to be listed on the Luxembourg Stock Exchange's Euro MTF market. The issuance aims to support the Company's long-term energy transition strategy and its ongoing pipeline of investments in energy security related infrastructure. Proceeds will be allocated to Eligible Green Projects across the Company's core markets in Estonia, Latvia, Lithuania, and Poland, as defined in the Green Finance Framework (the "Framework"), including: (i) investments in electricity transmission and distribution networks that enable renewable energy integration; (ii) renewable energy generation projects (wind and solar PV); (iii) battery energy storage systems; and (iv) electric vehicle charging infrastructure connected to the national grid (the "Project").European Bank for Reconstruction and DevelopmentEESTI ENERGIA ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTALLINN59.43696 24.7535320000000EESTI ENERGIA AS20000000EESTI ENERGIA ASSTATESTATESTATESTATEParticipation of EUR 20 million in the EUR 300 million green bond issuance by Eesti Energia (the "Company" or the "Issuer"), with the bond to be listed on the Luxembourg Stock Exchange's Euro MTF market. The issuance aims to support the Company's long-term energy transition strategy and its ongoing pipeline of investments in energy security related infrastructure. Proceeds will be allocated to Eligible Green Projects across the Company's core markets in Estonia, Latvia, Lithuania, and Poland, as defined in the Green Finance Framework (the "Framework"), including: (i) investments in electricity transmission and distribution networks that enable renewable energy integration; (ii) renewable energy generation projects (wind and solar PV); (iii) battery energy storage systems; and (iv) electric vehicle charging infrastructure connected to the national grid (the "Project"). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57382XI-IATI-EBRD-48418European Bank for Reconstruction and DevelopmentThe EBRD providing a long term senior secured loan of up to PLN 320 million (EUR 75 million equivalent) to Tameh Holding sp. z. o. o. (the "Company" or "Tameh"). The loan will be used to finance a conversion of the existing mixed fuel combined heat and power plant in Krakow ("Krakow CHP"), operated by Tameh, into a gas fired unit (the "Project"). The implementation of the Project, which is expected to be completed by 2019, will improve operational efficiency of the Krakow CHP and enable the unit, currently partly coal-fired, to fully withdraw from coal as a basic fuel and meet environmental requirements under the EU Industrial Emissions Directive ("IED").European Bank for Reconstruction and DevelopmentTAMEH POLSKA SP ZOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGDABROWA GORNICZA50.33394 19.2047974454897.08TAMEH POLSKA SP ZOOPRIVATEPRIVATEPRIVATEThe EBRD providing a long term senior secured loan of up to PLN 320 million (EUR 75 million equivalent) to Tameh Holding sp. z. o. o. (the "Company" or "Tameh"). The loan will be used to finance a conversion of the existing mixed fuel combined heat and power plant in Krakow ("Krakow CHP"), operated by Tameh, into a gas fired unit (the "Project"). The implementation of the Project, which is expected to be completed by 2019, will improve operational efficiency of the Krakow CHP and enable the unit, currently partly coal-fired, to fully withdraw from coal as a basic fuel and meet environmental requirements under the EU Industrial Emissions Directive ("IED"). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48418XI-IATI-EBRD-51937European Bank for Reconstruction and DevelopmentProvision of a long-term senior secured loan of up to EUR 46 million, debt service reserve facility of up to EUR 3.5 million, and bank guarantee of up to EUR 15 million to Kunovac d.o.o., a Croatian SPV company owned jointly by Taaleri SolarWind II S.a.r.l and Encro Kunovac d.o.o., for the purpose of the acquisition, construction and operation of a wind farm project located in Benkovac county, Croatia, with grid capacity of 68 MW ("ZD2P") and a wind farm project located in Obrovac county, Croatia, with grid capacity of 43 MW ("ZD3P"). The project will contribute to climate mitigation by increasing the share of renewable energy generation in Croatia and will add 111 MW of new wind generation grid capacity to the national energy system providing significant support to the country on delivering its 2030 green targets. In addition, the project will strengthen the private sector's role in the renewable energy sector in Croatia relying on combination of financial power purchase agreement and market offtake without the need for state aid in form of feed-in tariffs or feed-in premiums.European Bank for Reconstruction and DevelopmentKUNOVAC DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGZAGREB45.81444 15.97798325000043146834.5KUNOVAC DOOPRIVATEPRIVATEPRIVATEProvision of a long-term senior secured loan of up to EUR 46 million, debt service reserve facility of up to EUR 3.5 million, and bank guarantee of up to EUR 15 million to Kunovac d.o.o., a Croatian SPV company owned jointly by Taaleri SolarWind II S.a.r.l and Encro Kunovac d.o.o., for the purpose of the acquisition, construction and operation of a wind farm project located in Benkovac county, Croatia, with grid capacity of 68 MW ("ZD2P") and a wind farm project located in Obrovac county, Croatia, with grid capacity of 43 MW ("ZD3P"). The project will contribute to climate mitigation by increasing the share of renewable energy generation in Croatia and will add 111 MW of new wind generation grid capacity to the national energy system providing significant support to the country on delivering its 2030 green targets. In addition, the project will strengthen the private sector's role in the renewable energy sector in Croatia relying on combination of financial power purchase agreement and market offtake without the need for state aid in form of feed-in tariffs or feed-in premiums. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51937XI-IATI-EBRD-50023European Bank for Reconstruction and DevelopmentInvestments of up to EUR 254 million in a series of senior bonds (incl. Senior Preferred and Senior Non-Preferred bonds) to be issued by Luminor Bank AS in Estonia ("the Issuer") under the Euro Medium Term Note Programme ("Programme") until December 2023 and admitted for trading on the Irish Stock Exchange. EBRD's investment in each issue will be limited to up to 30% of the aggregate principal amount of each issue. On 10 October 2018, EBRD invested EUR 60 million in the issuance of EUR 350 million senior bonds under the Programme. On 11 June 2019, EBRD invested EUR 40 million in the issuance of EUR 300 million senior bonds under the Programme. On 25 November 2020, EBRD invested EUR 18 million in the issuance of EUR 300 million senior preferred bonds under the Programme. On 16 September 2021, EBRD invested EUR 36 million in the issuance of EUR 300 million senior preferred bonds under the Programme On 18 August 2022, EBRD invested EUR 60 million in the issuance of EUR 300 million senior preferred bonds under the Programme. On 10 January 2023, EBRD invested EUR 20 million in the issuance of EUR 300 million senior preferred bonds under the Programme. The project aims to support the Issuer raise medium-term funding in the capital markets in order to diversify the funding sources, build the funding base to comply with the Minimum Required Own Funds and Eligible Liabilities (MREL), and establish itself as a self-sustainable pan-Baltic financial institution. In addition, EBRD investments in November 2020 and afterwards will support EBRD's Green Economic Transition (GET) objectives in the Baltics with the Issuer agreeing to allocate 100% of the EBRD's invested amount into GET-eligible projects.European Bank for Reconstruction and DevelopmentLUMINOR BANK ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTALLINN59.43696 24.75353VILNIUS54.68916 25.2798RIGA56.946 24.10589330000000LUMINOR BANK ASPRIVATEPRIVATEPRIVATEInvestments of up to EUR 254 million in a series of senior bonds (incl. Senior Preferred and Senior Non-Preferred bonds) to be issued by Luminor Bank AS in Estonia ("the Issuer") under the Euro Medium Term Note Programme ("Programme") until December 2023 and admitted for trading on the Irish Stock Exchange. EBRD's investment in each issue will be limited to up to 30% of the aggregate principal amount of each issue. On 10 October 2018, EBRD invested EUR 60 million in the issuance of EUR 350 million senior bonds under the Programme. On 11 June 2019, EBRD invested EUR 40 million in the issuance of EUR 300 million senior bonds under the Programme. On 25 November 2020, EBRD invested EUR 18 million in the issuance of EUR 300 million senior preferred bonds under the Programme. On 16 September 2021, EBRD invested EUR 36 million in the issuance of EUR 300 million senior preferred bonds under the Programme On 18 August 2022, EBRD invested EUR 60 million in the issuance of EUR 300 million senior preferred bonds under the Programme. On 10 January 2023, EBRD invested EUR 20 million in the issuance of EUR 300 million senior preferred bonds under the Programme. The project aims to support the Issuer raise medium-term funding in the capital markets in order to diversify the funding sources, build the funding base to comply with the Minimum Required Own Funds and Eligible Liabilities (MREL), and establish itself as a self-sustainable pan-Baltic financial institution. In addition, EBRD investments in November 2020 and afterwards will support EBRD's Green Economic Transition (GET) objectives in the Baltics with the Issuer agreeing to allocate 100% of the EBRD's invested amount into GET-eligible projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50023XI-IATI-EBRD-56985European Bank for Reconstruction and DevelopmentOn 15 January 2026, the EBRD invested EUR 43 million in a EUR 750 million covered bond issuance by Slovenska Sporitelna a.s. ("SLSP"). The bonds have a six-year maturity and are listed on the Bratislava Stock Exchange. The Project contributes to a range of strategic priorities in Slovakia: advancing the green economy and improving access to affordable and social housing for target populations, while continuing to support issuances of a strategically important Covered Bond instrument and the development of the local capital market.European Bank for Reconstruction and DevelopmentSLOVENSKA SPORITELNA ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBRATISLAVA48.14816 17.1067443000000SLOVENSKA SPORITELNA ASPRIVATEPRIVATEPRIVATEOn 15 January 2026, the EBRD invested EUR 43 million in a EUR 750 million covered bond issuance by Slovenska Sporitelna a.s. ("SLSP"). The bonds have a six-year maturity and are listed on the Bratislava Stock Exchange. The Project contributes to a range of strategic priorities in Slovakia: advancing the green economy and improving access to affordable and social housing for target populations, while continuing to support issuances of a strategically important Covered Bond instrument and the development of the local capital market. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56985XI-IATI-EBRD-50865European Bank for Reconstruction and DevelopmentInvestment of up to €165 million, in a series of mortgage CBs to be issued by Všeobecna uverova banka, a.s. ("VUB") over a period of 3 years with a target investment of up to 20% of each issue. The Project falls under the EBRD's Covered Bond Framework II for Slovakia. The transaction will support the Issuer to access medium- to long-term funding by using a covered bond instrument collateralised by a pool of residential mortgage loans.European Bank for Reconstruction and DevelopmentVSEOBECNA UVEROVA BANKA (VUB) ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBRATISLAVA48.14816 17.1067470000000VSEOBECNA UVEROVA BANKA (VUB) ASPRIVATEPRIVATEPRIVATEInvestment of up to €165 million, in a series of mortgage CBs to be issued by Všeobecna uverova banka, a.s. ("VUB") over a period of 3 years with a target investment of up to 20% of each issue. The Project falls under the EBRD's Covered Bond Framework II for Slovakia. The transaction will support the Issuer to access medium- to long-term funding by using a covered bond instrument collateralised by a pool of residential mortgage loans. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50865XI-IATI-EBRD-54653European Bank for Reconstruction and DevelopmentA senior loan of up to EUR 75 million to Draexlmaier Group, an international automotive supplier headquartered in Vilsbiburg, Germany. The project will support the client's investments in e-mobility and general capital expenditure in Romania, North Macedonia and Moldova.European Bank for Reconstruction and DevelopmentDRAXLMAIER GROUP SE AND CO KGEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCHISINAU47.00556 28.8575SKOPJE41.99646 21.43141BUCHAREST44.43225 26.1062675000000DRAXLMAIER GROUP SE AND CO KGPRIVATEPRIVATEPRIVATEA senior loan of up to EUR 75 million to Draexlmaier Group, an international automotive supplier headquartered in Vilsbiburg, Germany. The project will support the client's investments in e-mobility and general capital expenditure in Romania, North Macedonia and Moldova. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54653XI-IATI-EBRD-52512European Bank for Reconstruction and DevelopmentIn January 2023, the EBRD signed a sovereign loan of EUR 25 million with the Republic of Moldova to finance critical infrastructure related to solid waste management. In June 2026, the Client approached the EBRD seeking an additional loan amount of EUR 28 million to finance the funding gap caused by increased Project costs. The Project finances priority investments to improve solid waste management services across the country, establish integrated solid waste management systems in three participating Waste Management Zones, in line with Moldova's National Waste Management Strategy (the "NWMS") and the country's undertakings under the Association Agreement with the EU. The Project is an important step towards sustainable solid waste management services in Moldova. The loan will, therefore, be provided in five tranches. Tranche I was committed at loan signing in January 2023 and co-finances investments in Waste Management Zone 5, which includes Ungheni, Nisporeni and Calarasi Rayons ("WMZ 5"). Tranche IV was committed at loan signing and finances Project Implementation Unit ("PIU") staffing and special account audit costs. Tranches II and III finance WMZ 8 (includes Briceni, Edinet, Ocnita and Donduseni Rayons) and WMZ 1 (includes Cahul, Cantemir, Taraclia Rayons, as well as Vulcanesti, Ceadir-Lunga and Comrat Rayons from Autonomous Territorial Unit Gagauzia) respectively and were committed in November 2023 and June 2024 respectively. The additional funding, Tranche V, will be used to finance the identified funding gap for the needs across all three WMZs, to ensure completion of the originally intended Project capex plan. The Project is the first large-scale solid waste management project in Moldova involving multiple regions. It aims to improve and increase solid waste management services in the participating Waste Management Zones and address environmental challenges.European Bank for Reconstruction and DevelopmentMOLDOVA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCHISINAU47.00556 28.85752470000025000000MOLDOVA SOVEREIGN100000MOLDOVA SOVEREIGN100000MOLDOVA SOVEREIGN100000MOLDOVA SOVEREIGNSTATESTATESTATESTATEIn January 2023, the EBRD signed a sovereign loan of EUR 25 million with the Republic of Moldova to finance critical infrastructure related to solid waste management. In June 2026, the Client approached the EBRD seeking an additional loan amount of EUR 28 million to finance the funding gap caused by increased Project costs. The Project finances priority investments to improve solid waste management services across the country, establish integrated solid waste management systems in three participating Waste Management Zones, in line with Moldova's National Waste Management Strategy (the "NWMS") and the country's undertakings under the Association Agreement with the EU. The Project is an important step towards sustainable solid waste management services in Moldova. The loan will, therefore, be provided in five tranches. Tranche I was committed at loan signing in January 2023 and co-finances investments in Waste Management Zone 5, which includes Ungheni, Nisporeni and Calarasi Rayons ("WMZ 5"). Tranche IV was committed at loan signing and finances Project Implementation Unit ("PIU") staffing and special account audit costs. Tranches II and III finance WMZ 8 (includes Briceni, Edinet, Ocnita and Donduseni Rayons) and WMZ 1 (includes Cahul, Cantemir, Taraclia Rayons, as well as Vulcanesti, Ceadir-Lunga and Comrat Rayons from Autonomous Territorial Unit Gagauzia) respectively and were committed in November 2023 and June 2024 respectively. The additional funding, Tranche V, will be used to finance the identified funding gap for the needs across all three WMZs, to ensure completion of the originally intended Project capex plan. The Project is the first large-scale solid waste management project in Moldova involving multiple regions. It aims to improve and increase solid waste management services in the participating Waste Management Zones and address environmental challenges. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52512XI-IATI-EBRD-54291European Bank for Reconstruction and DevelopmentUSD 100 million revolving loan to finance part of the working capital needs of the subsidiaries of Louis Dreyfus Company B.V. ("LDC", "the Company") active in Bulgaria, Egypt, Kazakhstan, Poland, Romania, Tajikistan, Türkiye and Ukraine for the merchandising activities (including purchase, storage, processing and transportation) of agricultural commodities from and / or in(to) these countries. Working capital needs associated with merchandising of agricultural commodities are seasonal and at prices that fluctuate throughout the year. The project will provide stable working capital financing for merchandising of agricultural commodities from and/or in(to) the project countries listed above where local funding of agricultural activity is constrained.European Bank for Reconstruction and DevelopmentLOUIS DREYFUS COMPANY SUISSE SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSOFIA42.69751 23.32415CAIRO30.06263 31.24967NUR-SULTAN51.1801 71.44598WARSAW52.22977 21.01178BUCHAREST44.43225 26.10626DUSHANBE38.53575 68.77905KYIV50.45466 30.523887542677.0687542677.06LOUIS DREYFUS COMPANY SUISSE SAPRIVATEPRIVATEPRIVATEUSD 100 million revolving loan to finance part of the working capital needs of the subsidiaries of Louis Dreyfus Company B.V. ("LDC", "the Company") active in Bulgaria, Egypt, Kazakhstan, Poland, Romania, Tajikistan, Türkiye and Ukraine for the merchandising activities (including purchase, storage, processing and transportation) of agricultural commodities from and / or in(to) these countries. Working capital needs associated with merchandising of agricultural commodities are seasonal and at prices that fluctuate throughout the year. The project will provide stable working capital financing for merchandising of agricultural commodities from and/or in(to) the project countries listed above where local funding of agricultural activity is constrained. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54291XI-IATI-EBRD-54489European Bank for Reconstruction and DevelopmentResilience and Livelihoods Guarantee (RLG) in the form of an unfunded risk-sharing instrument covering up to 50 per cent of the credit risk in newly originated sub-loans with the total value of €100 million equivalent to be originated by Kredobank Ukraine (KB) subject to total 50 per cent of portfolio cap. The RLG facility will be delivered in two equal tranches, with the second tranche being uncommitted. The Project will include a sub-limit under the SME Competitiveness Programme in the European Union's (EU) Eastern Partnership ("EaP SMEC" sub-limit, assigned with a separate EBRD project number 54641) of €15 million or 15% of the Covered Portfolio to finance long term capital investments of micro-, small-, and medium sized enterprises (MSME) to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (70% of EaP SMEC sub-limit), thereby enhancing businesses' competitiveness. Eligible sub-borrowers will also receive technical assistance funded by the EU and grant support in the form of investment incentives upon the completion of their investment projects. The facility will be used to support lending to Ukrainian private companies (predominantly MSMEs) operating in the primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in Ukraine.European Bank for Reconstruction and DevelopmentKREDOBANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGLVIV49.83826 24.023241062500021250000KREDOBANK JSCPRIVATEPRIVATEPRIVATEResilience and Livelihoods Guarantee (RLG) in the form of an unfunded risk-sharing instrument covering up to 50 per cent of the credit risk in newly originated sub-loans with the total value of €100 million equivalent to be originated by Kredobank Ukraine (KB) subject to total 50 per cent of portfolio cap. The RLG facility will be delivered in two equal tranches, with the second tranche being uncommitted. The Project will include a sub-limit under the SME Competitiveness Programme in the European Union's (EU) Eastern Partnership ("EaP SMEC" sub-limit, assigned with a separate EBRD project number 54641) of €15 million or 15% of the Covered Portfolio to finance long term capital investments of micro-, small-, and medium sized enterprises (MSME) to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (70% of EaP SMEC sub-limit), thereby enhancing businesses' competitiveness. Eligible sub-borrowers will also receive technical assistance funded by the EU and grant support in the form of investment incentives upon the completion of their investment projects. The facility will be used to support lending to Ukrainian private companies (predominantly MSMEs) operating in the primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54489XI-IATI-EBRD-54814European Bank for Reconstruction and DevelopmentAn investment establishing a renewable energy joint venture, alongside Goldbeck Solar Investment GmbH, for the purpose of acquiring and developing solar PV assets to be constructed and operated in Ukraine. The Project will contribute to climate mitigation by adding up to 500 MWp renewable generation capacity to the Ukrainian national energy system over the next 3 to 5 years.European Bank for Reconstruction and DevelopmentGOLDBECK SOLAR INVESTMENT UKRAINE GMBHEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.52385629755412250GOLDBECK SOLAR INVESTMENT UKRAINE GMBH58987750GOLDBECK SOLAR INVESTMENT UKRAINE GMBHPRIVATEPRIVATEPRIVATEAn investment establishing a renewable energy joint venture, alongside Goldbeck Solar Investment GmbH, for the purpose of acquiring and developing solar PV assets to be constructed and operated in Ukraine. The Project will contribute to climate mitigation by adding up to 500 MWp renewable generation capacity to the Ukrainian national energy system over the next 3 to 5 years. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54814XI-IATI-EBRD-51326European Bank for Reconstruction and DevelopmentInvestments of up to EUR 125 million in a series of covered bonds issued by Luminor Bank AS in Estonia ("Luminor") under the Euro Medium Term Note and Covered Bond Programme ("Programme") over a period of 3 years and admitted for trading in the Irish Stock Exchange. EBRD's investment in each issue will be limited to 20% of the issue size. On 4 March 2020, EBRD invested EUR 28 million in the first covered bond issuance of EUR 500 million under the Programme. On 11 May 2022, EBRD invested EUR 97 million in the second issuance of EUR 500 million under the Programme. The objective of the project is to support the establishment of a new capital market instrument in the Baltic Countries. The project supports the first ever issuance of covered bonds in the Baltic States and it is fully consistent with Bank's policy engagement, aimed at development of regional capital markets in the Baltic Countries.European Bank for Reconstruction and DevelopmentLUMINOR BANK ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTALLINN59.43696 24.75353VILNIUS54.68916 25.2798RIGA56.946 24.10589125000000LUMINOR BANK ASPRIVATEPRIVATEPRIVATEInvestments of up to EUR 125 million in a series of covered bonds issued by Luminor Bank AS in Estonia ("Luminor") under the Euro Medium Term Note and Covered Bond Programme ("Programme") over a period of 3 years and admitted for trading in the Irish Stock Exchange. EBRD's investment in each issue will be limited to 20% of the issue size. On 4 March 2020, EBRD invested EUR 28 million in the first covered bond issuance of EUR 500 million under the Programme. On 11 May 2022, EBRD invested EUR 97 million in the second issuance of EUR 500 million under the Programme. The objective of the project is to support the establishment of a new capital market instrument in the Baltic Countries. The project supports the first ever issuance of covered bonds in the Baltic States and it is fully consistent with Bank's policy engagement, aimed at development of regional capital markets in the Baltic Countries. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51326XI-IATI-EBRD-55295European Bank for Reconstruction and DevelopmentA senior unsecured LCY-denominated loan of up to EUR 20 million equivalent to be provided to Bank Lviv in four equal tranches to enable the bank's support to private small and medium sized enterprises ("SMEs") in Ukraine. The facility is under the EBRD Resilience and Livelihoods Framework The Project will help Bank Lviv to maintain a sustainable funding base during the crisis and provide continued access to finance for private SMEs affected by the ongoing war on Ukraine. At least 30% of all financed sub-loans under the Project are to be directed on a best effort basis to support projects compliant with EBRD Green Economy Transition (GET) approach.European Bank for Reconstruction and DevelopmentBANK LVIV JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGLVIV49.83826 24.0232417549080.49BANK LVIV JSCPRIVATEPRIVATEPRIVATEA senior unsecured LCY-denominated loan of up to EUR 20 million equivalent to be provided to Bank Lviv in four equal tranches to enable the bank's support to private small and medium sized enterprises ("SMEs") in Ukraine. The facility is under the EBRD Resilience and Livelihoods Framework The Project will help Bank Lviv to maintain a sustainable funding base during the crisis and provide continued access to finance for private SMEs affected by the ongoing war on Ukraine. At least 30% of all financed sub-loans under the Project are to be directed on a best effort basis to support projects compliant with EBRD Green Economy Transition (GET) approach. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55295XI-IATI-EBRD-51563European Bank for Reconstruction and DevelopmentA senior loan of up to EUR 25 million to the Communal Enterprise "Dniprovska Municipalna Energoservisna Kompanya", the municipal energy management company, owned by the city of Dnipro. The loan is expected to be co-financed by up to EUR 5.5 million investment grant from the Eastern Europe Energy Efficiency and Environment Partnership (E5P), subject to grant approval by the E5P Assembly of Contributors. The local contribution of up to EUR 2.5 million will cover additional energy conservation measures and capital repairs. The project proceeds will finance a pipeline of works contracts with elements of an Energy Performance Contract (EnPC") for energy efficiency investments in 98 public buildings, including 67 kindergartens, 27 schools and 4 outpatient clinics. The loan will be a sub-project under the Public Sector Energy Efficiency Financing Framework, consisting of municipal-guaranteed loans to municipal energy management companies in Ukraine to facilitate critical improvements in energy efficiency measures in public buildings in a number of cities across Ukraine. The proposed investment will enable the city to finance energy efficiency measures through EnPCs implemented by private contractors selected by competitive tender. The investments are expected to result in strong improvement of buildings' condition through renovation of facilities and meeting heating requirements, improved comfort level and reliability of services at kindergartens, schools and clinics, as well as reduction of energy and maintenance costs of the buildings and decrease of CO2 emissions.European Bank for Reconstruction and DevelopmentENERGY EFFICIENCY COMPANY OF THE CITY OF DNIPROEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGDNIPRO48.4593 35.0386525000000ENERGY EFFICIENCY COMPANY OF THE CITY OF DNIPRO1592102.55ENERGY EFFICIENCY COMPANY OF THE CITY OF DNIPRO392474.95ENERGY EFFICIENCY COMPANY OF THE CITY OF DNIPRO1241171.05ENERGY EFFICIENCY COMPANY OF THE CITY OF DNIPRO5000000ENERGY EFFICIENCY COMPANY OF THE CITY OF DNIPRO6500000ENERGY EFFICIENCY COMPANY OF THE CITY OF DNIPRO5000000ENERGY EFFICIENCY COMPANY OF THE CITY OF DNIPRO5274251.45ENERGY EFFICIENCY COMPANY OF THE CITY OF DNIPROSTATESTATESTATESTATEA senior loan of up to EUR 25 million to the Communal Enterprise "Dniprovska Municipalna Energoservisna Kompanya", the municipal energy management company, owned by the city of Dnipro. The loan is expected to be co-financed by up to EUR 5.5 million investment grant from the Eastern Europe Energy Efficiency and Environment Partnership (E5P), subject to grant approval by the E5P Assembly of Contributors. The local contribution of up to EUR 2.5 million will cover additional energy conservation measures and capital repairs. The project proceeds will finance a pipeline of works contracts with elements of an Energy Performance Contract (EnPC") for energy efficiency investments in 98 public buildings, including 67 kindergartens, 27 schools and 4 outpatient clinics. The loan will be a sub-project under the Public Sector Energy Efficiency Financing Framework, consisting of municipal-guaranteed loans to municipal energy management companies in Ukraine to facilitate critical improvements in energy efficiency measures in public buildings in a number of cities across Ukraine. The proposed investment will enable the city to finance energy efficiency measures through EnPCs implemented by private contractors selected by competitive tender. The investments are expected to result in strong improvement of buildings' condition through renovation of facilities and meeting heating requirements, improved comfort level and reliability of services at kindergartens, schools and clinics, as well as reduction of energy and maintenance costs of the buildings and decrease of CO2 emissions. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51563XI-IATI-EBRD-55226European Bank for Reconstruction and DevelopmentA senior corporate loan in the amount of up to EUR 70 million equivalent to Nova Poshta LLC (the "Company"), to be provided as a multi-currency facility available for disbursement in UAH and EUR. The Project will finance the components of the Company's investment program for 2024, including an expansion and upgrade of the parcel locker and branch network, purchase of new equipment, and implementation of safety measures, such as the installation of safety capsules and shelters at the Company's working premises to protect staff and customers from shelling, bombings and missile attacks. The Project will contribute to Nova Poshta's long-term development strategy in Ukraine supporting the growth in parcel volumes, optimisation of supply chains, improvement in the quality of service, and will support the Company's resilience during the war by improving the working and safety conditions.European Bank for Reconstruction and DevelopmentNOVA POSHTA LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.523861804377.3NOVA POSHTA LLCPRIVATEPRIVATEPRIVATEA senior corporate loan in the amount of up to EUR 70 million equivalent to Nova Poshta LLC (the "Company"), to be provided as a multi-currency facility available for disbursement in UAH and EUR. The Project will finance the components of the Company's investment program for 2024, including an expansion and upgrade of the parcel locker and branch network, purchase of new equipment, and implementation of safety measures, such as the installation of safety capsules and shelters at the Company's working premises to protect staff and customers from shelling, bombings and missile attacks. The Project will contribute to Nova Poshta's long-term development strategy in Ukraine supporting the growth in parcel volumes, optimisation of supply chains, improvement in the quality of service, and will support the Company's resilience during the war by improving the working and safety conditions. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55226XI-IATI-EBRD-55296European Bank for Reconstruction and DevelopmentA Resilience and Livelihoods Guarantee ("RLG"), under the Resilience and Livelihoods Framework, in the form of an unfunded portfolio risk-sharing facility covering up to 50% of the credit risk in sub loans with the total value of EUR 30 million equivalent (the "Covered Portfolio") to be originated by Bank Lviv ("BL", the "PFI") in Ukraine. The Project will be delivered in two equal tranches with the second tranche being uncommitted. 20% of the RLG is part of the EU4Business-EBRD Credit Line with incentives (this sub-limit is assigned with a separate EBRD project number 55297). The EBRD and the EU support investment projects of local small and medium enterprises ("SMEs") across the Eastern Partnership region. The EBRD enables financing of long-term capital investments of SMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of the sub-limit), thereby enhancing businesses' competitiveness. The EU and the US complement the offer with incentive grants and technical assistance under its EU4Business initiative. The Facility will be used to support lending to Ukrainian private companies operating in the primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in UkraineEuropean Bank for Reconstruction and DevelopmentBANK LVIV JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGLVIV49.83826 24.023241200000012000000BANK LVIV JSCPRIVATEPRIVATEPRIVATEA Resilience and Livelihoods Guarantee ("RLG"), under the Resilience and Livelihoods Framework, in the form of an unfunded portfolio risk-sharing facility covering up to 50% of the credit risk in sub loans with the total value of EUR 30 million equivalent (the "Covered Portfolio") to be originated by Bank Lviv ("BL", the "PFI") in Ukraine. The Project will be delivered in two equal tranches with the second tranche being uncommitted. 20% of the RLG is part of the EU4Business-EBRD Credit Line with incentives (this sub-limit is assigned with a separate EBRD project number 55297). The EBRD and the EU support investment projects of local small and medium enterprises ("SMEs") across the Eastern Partnership region. The EBRD enables financing of long-term capital investments of SMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of the sub-limit), thereby enhancing businesses' competitiveness. The EU and the US complement the offer with incentive grants and technical assistance under its EU4Business initiative. The Facility will be used to support lending to Ukrainian private companies operating in the primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in Ukraine For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55296XI-IATI-EBRD-54111European Bank for Reconstruction and DevelopmentThe EBRD invested €40 million in a 3.25NC2.25 senior preferred bond issued by OTP Bank Plc. ("OTP"), as part of its €650 million public bond issuance. The bonds are rated BBB (S&P) and listed on the Luxembourg Stock Exchange. This was followed by $20 million investment in 10.25NC5.25 Tier2-eligible subordinated bonds, as part of its $650 million public issuance that was listed on the Luxembourg Stock Exchange. OTP will allocate the equivalent amount of the EBRD's investment in green projects in Hungary and up to 10 regions outside Hungary where OTP has subsidiaries, in particular: Albania, Bulgaria, Croatia, Moldova, Montenegro, Romania, Serbia, Slovenia, Ukraine and Uzbekistan (once acquisition is completed). The project supports the resilience and regulatory compliance of the largest bank in Hungary, helps develop and deepen capital markets, and delivers on the Bank's green agenda and national green economy priorities in Hungary and other EBRD's countries of operation where OTP is present.European Bank for Reconstruction and DevelopmentOTP BANK NYRTEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTIRANA41.3275 19.81889SOFIA42.69751 23.32415ZAGREB45.81444 15.97798BUDAPEST47.49835 19.04045BUCHAREST44.43225 26.10626BELGRADE44.80401 20.46513LJUBLJANA46.05108 14.50513190542677.05OTP BANK NYRTPRIVATEPRIVATEPRIVATEThe EBRD invested €40 million in a 3.25NC2.25 senior preferred bond issued by OTP Bank Plc. ("OTP"), as part of its €650 million public bond issuance. The bonds are rated BBB (S&P) and listed on the Luxembourg Stock Exchange. This was followed by $20 million investment in 10.25NC5.25 Tier2-eligible subordinated bonds, as part of its $650 million public issuance that was listed on the Luxembourg Stock Exchange. OTP will allocate the equivalent amount of the EBRD's investment in green projects in Hungary and up to 10 regions outside Hungary where OTP has subsidiaries, in particular: Albania, Bulgaria, Croatia, Moldova, Montenegro, Romania, Serbia, Slovenia, Ukraine and Uzbekistan (once acquisition is completed). The project supports the resilience and regulatory compliance of the largest bank in Hungary, helps develop and deepen capital markets, and delivers on the Bank's green agenda and national green economy priorities in Hungary and other EBRD's countries of operation where OTP is present. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54111XI-IATI-EBRD-51020European Bank for Reconstruction and DevelopmentProvision of a senior loan of EUR 100 million (available in PLN or EUR) to SG Equipment Leasing Polska Sp. z o.o. (the "Project") under the PolGEFF Leasing Framework (the "Framework"). The proceeds will be used to provide leasing finance to small and medium-sized enterprises ("SMEs") in Poland. The proceeds of the loan will be used to finance energy and resource efficiency, renewable energy, water and waste management sub-projects, through private businesses, that stimulate green economy transition (i.e. GET investments), under the PolGEFF Leasing Framework. The eligible sub-projects will cover a broad spectrum of technologies and will be selected according to technical, financial and environmental eligibility criteria.European Bank for Reconstruction and DevelopmentSG EQUIPMENT LEASING POLSKA SP ZOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.01178103050658.88SG EQUIPMENT LEASING POLSKA SP ZOOPRIVATEPRIVATEPRIVATEProvision of a senior loan of EUR 100 million (available in PLN or EUR) to SG Equipment Leasing Polska Sp. z o.o. (the "Project") under the PolGEFF Leasing Framework (the "Framework"). The proceeds will be used to provide leasing finance to small and medium-sized enterprises ("SMEs") in Poland. The proceeds of the loan will be used to finance energy and resource efficiency, renewable energy, water and waste management sub-projects, through private businesses, that stimulate green economy transition (i.e. GET investments), under the PolGEFF Leasing Framework. The eligible sub-projects will cover a broad spectrum of technologies and will be selected according to technical, financial and environmental eligibility criteria. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51020XI-IATI-EBRD-57095European Bank for Reconstruction and DevelopmentThe European Bank for Reconstruction and Development (the "EBRD" or the "Bank") invested EUR 12.5 million in the EUR 350 million, 5-year senior unsecured bond (the "Bond") issued by Titan Global Finance Plc (the "Issuer") and guaranteed by Titan SA (the "Company" or the "Client") and listed on Euronext Dublin. The Bond finances General Corporate Purposes and an amount equal to the EBRD use of proceeds will finance decarbonisation capital expenditure in Albania and Greece, aligned with Titan's decarbonisation strategy, including (i) to increase consumption of alternative raw materials and alternative fuels; (ii) to increase manufacturing of cement with lower clinker content; and (iii) in energy efficiency and waste heat recovery.European Bank for Reconstruction and DevelopmentTITAN CEMENT COMPANY SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTIRANA41.3275 19.81889ATHENS37.98376 23.7278412500000TITAN CEMENT COMPANY SAPRIVATEPRIVATEPRIVATEThe European Bank for Reconstruction and Development (the "EBRD" or the "Bank") invested EUR 12.5 million in the EUR 350 million, 5-year senior unsecured bond (the "Bond") issued by Titan Global Finance Plc (the "Issuer") and guaranteed by Titan SA (the "Company" or the "Client") and listed on Euronext Dublin. The Bond finances General Corporate Purposes and an amount equal to the EBRD use of proceeds will finance decarbonisation capital expenditure in Albania and Greece, aligned with Titan's decarbonisation strategy, including (i) to increase consumption of alternative raw materials and alternative fuels; (ii) to increase manufacturing of cement with lower clinker content; and (iii) in energy efficiency and waste heat recovery. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57095XI-IATI-EBRD-50479European Bank for Reconstruction and DevelopmentThe provision of a loan up to €116 million to Kronospan UA, Ukraine. The facility will consist of €75 million for the construction of an Oriented-Strand Board (OSB) plant in Novovolynsk, Ukraine and EUR 41 million for Company's balance sheet restructuring. Kronospan UA is an existing client of the EBRD. The first loan to the borrower was provided in 2006. The Project assumes the construction of an Oriented-Strand Board (OSB) production facility to meet the growing demand for OSB products in Ukraine and in the export markets. Kronospan will also invest into creation of cluster for furniture producers, a new transformer substation, bio-mass boiler and WESP filter at the site.European Bank for Reconstruction and DevelopmentKRONOSPAN UAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGNOVOVOLYNSK50.72576 24.1626566000000KRONOSPAN UAPRIVATEPRIVATEPRIVATEThe provision of a loan up to €116 million to Kronospan UA, Ukraine. The facility will consist of €75 million for the construction of an Oriented-Strand Board (OSB) plant in Novovolynsk, Ukraine and EUR 41 million for Company's balance sheet restructuring. Kronospan UA is an existing client of the EBRD. The first loan to the borrower was provided in 2006. The Project assumes the construction of an Oriented-Strand Board (OSB) production facility to meet the growing demand for OSB products in Ukraine and in the export markets. Kronospan will also invest into creation of cluster for furniture producers, a new transformer substation, bio-mass boiler and WESP filter at the site. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50479XI-IATI-EBRD-52359European Bank for Reconstruction and DevelopmentProvision of an equity commitment of up to EUR 30 million in favour of SouthBridge Europe Mezzanine II S.C.A. SICAR (the "Fund"). The Fund will make mezzanine and equity-related investments in small and medium-sized enterprises and lower mid-cap companies in Greece with the objective of achieving long-term capital growth.European Bank for Reconstruction and DevelopmentSOUTHBRIDGE EUROPE MEZZANINE II SCA SICAREuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATHENS37.98376 23.7278416803342.2530000000SOUTHBRIDGE EUROPE MEZZANINE II SCA SICARPRIVATEPRIVATEPRIVATEProvision of an equity commitment of up to EUR 30 million in favour of SouthBridge Europe Mezzanine II S.C.A. SICAR (the "Fund"). The Fund will make mezzanine and equity-related investments in small and medium-sized enterprises and lower mid-cap companies in Greece with the objective of achieving long-term capital growth. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52359XI-IATI-EBRD-52766European Bank for Reconstruction and DevelopmentInvestment of c. EUR 45 million in credit linked notes, issued by a newly established securitisation special purpose entity (the "Issuer"), covering the credit risk of the senior mezzanine tranche in a synthetic balance sheet securitisation of a performing mixed loans portfolio, originated by Eurobank S.A., a commercial bank incorporated in Greece (the "Originator" or "ERB"). The project boosts the resilience of a systemic bank in Greece, and is subject to receipt of the ordinary terms and approvals by the competent authorities. It will allow Eurobank to achieve a risk-weighted assets' relief and optimise its regulatory capital requirements, while the anticipated RWA relief will be redeployed to new on-lending to the real economy. Furthermore, the EBRD promotes resource efficiency in the country by requiring Eurobank to allocate funds in the amount of 1.5 times of the EBRD's subscription to finance green investments in renewable energy and energy efficiency.European Bank for Reconstruction and DevelopmentWAVE IV FINANCE DESIGNATED ACTIVITY COMPANYEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATHENS37.98376 23.7278445260000WAVE IV FINANCE DESIGNATED ACTIVITY COMPANYPRIVATEPRIVATEPRIVATEInvestment of c. EUR 45 million in credit linked notes, issued by a newly established securitisation special purpose entity (the "Issuer"), covering the credit risk of the senior mezzanine tranche in a synthetic balance sheet securitisation of a performing mixed loans portfolio, originated by Eurobank S.A., a commercial bank incorporated in Greece (the "Originator" or "ERB"). The project boosts the resilience of a systemic bank in Greece, and is subject to receipt of the ordinary terms and approvals by the competent authorities. It will allow Eurobank to achieve a risk-weighted assets' relief and optimise its regulatory capital requirements, while the anticipated RWA relief will be redeployed to new on-lending to the real economy. Furthermore, the EBRD promotes resource efficiency in the country by requiring Eurobank to allocate funds in the amount of 1.5 times of the EBRD's subscription to finance green investments in renewable energy and energy efficiency. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52766XI-IATI-EBRD-51243European Bank for Reconstruction and DevelopmentInvestment of EUR 37 million in senior notes under securitisation structure in Greece issued by Cronus Finance Designated Activity Company (the "Issuer"). The structure is backed by a portfolio of performing auto leases, originated and sold by Olympic Commercial and Tourist Enterprises S.A. (the "Company" or "Olympic") to the Issuer for the purpose of securitisation. The proceeds of the securitisation will be used by Olympic to diversify its funding base, reduce its diesel footprint by replacing existing fleet with electric and hybrid vehicles, as well as to extend new leases to existing and new corporate and SME clients.European Bank for Reconstruction and DevelopmentCRONUS FINANCE DESIGNATED ACTIVITY COMPANYEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATHENS37.98376 23.7278437000000CRONUS FINANCE DESIGNATED ACTIVITY COMPANYPRIVATEPRIVATEPRIVATEInvestment of EUR 37 million in senior notes under securitisation structure in Greece issued by Cronus Finance Designated Activity Company (the "Issuer"). The structure is backed by a portfolio of performing auto leases, originated and sold by Olympic Commercial and Tourist Enterprises S.A. (the "Company" or "Olympic") to the Issuer for the purpose of securitisation. The proceeds of the securitisation will be used by Olympic to diversify its funding base, reduce its diesel footprint by replacing existing fleet with electric and hybrid vehicles, as well as to extend new leases to existing and new corporate and SME clients. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51243XI-IATI-EBRD-55050European Bank for Reconstruction and DevelopmentThe EBRD invested EUR 35 million in a EUR 500 million senior preferred bond issued by Piraeus Bank SA. The bonds have a maturity of 6 years, with an embedded issuer call option after 5 years, and are listed on the Luxembourg Stock Exchange's Euro MTF market. The project supports the resilience and regulatory compliance of a systemic banking institution in Greece, as well as its sustainable access to capital markets. Furthermore, the project encourages Piraeus's green agenda by requiring Piraeus Bank to allocate an amount equivalent to 180% of EBRD's investment to finance green projects.European Bank for Reconstruction and DevelopmentPIRAEUS BANK SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATHENS37.98376 23.7278464000000PIRAEUS BANK SAPRIVATEPRIVATEPRIVATEThe EBRD invested EUR 35 million in a EUR 500 million senior preferred bond issued by Piraeus Bank SA. The bonds have a maturity of 6 years, with an embedded issuer call option after 5 years, and are listed on the Luxembourg Stock Exchange's Euro MTF market. The project supports the resilience and regulatory compliance of a systemic banking institution in Greece, as well as its sustainable access to capital markets. Furthermore, the project encourages Piraeus's green agenda by requiring Piraeus Bank to allocate an amount equivalent to 180% of EBRD's investment to finance green projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55050XI-IATI-EBRD-54368European Bank for Reconstruction and DevelopmentThe EBRD has invested in five bail-in-able issuances of Eurobank S.A. ("ERB") and its parent Eurobank Ergasias Services and Holdings S.A. ("ERBH"). * On 28 April 2021, the EBRD invested EUR 50 million (10% participation) in a senior preferred bond issued by ERB as part of a public benchmark issuance of EUR 500 million listed on the Luxembourg Stock Exchange. * On 7 September 2021, the EBRD invested another EUR 27 million (5.4% participation) in the second senior preferred bond issuance of ERB. * On 29 November 2022, the EBRD invested EUR 10 million (3.3% of the issuance amount) in subordinated ('Tier 2') bonds issued by ERBH as part of a public issuance of EUR 300 million listed on the Luxembourg Stock Exchange. The bonds have a 10 year maturity with a call option on the fifth year (10NC5 structure). * On 19 January 2023, the EBRD invested EUR 20 million (4% of the issuance amount) in senior preferred bonds issued by ERB as part of a public issuance of EUR 500 million to be listed on the Luxembourg Stock Exchange. The bonds have a 6 year maturity with a call option on the fifth year (6NC5 structure). * On 21 November 2023, the EBRD invested EUR 18 million (3.6% of the issuance amount) in senior preferred bonds issued by ERB as part of a public issuance of EUR 500 million to be listed on the Luxembourg Stock Exchange. The bonds have a 6 year maturity with a call option on the fifth year (6NC5 structure). The project supports the resilience and regulatory compliance of a systemically important institution in the country and contributes to the capital market development of Greece. The project also aims to support strong green targets with 150% of the EBRD's investment to be allocated to finance green projects in line with EBRD's Green Economy Transition ("GET") eligibility criteria.European Bank for Reconstruction and DevelopmentEUROBANK SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATHENS37.98376 23.7278418000000EUROBANK SAPRIVATEPRIVATEPRIVATEThe EBRD has invested in five bail-in-able issuances of Eurobank S.A. ("ERB") and its parent Eurobank Ergasias Services and Holdings S.A. ("ERBH"). * On 28 April 2021, the EBRD invested EUR 50 million (10% participation) in a senior preferred bond issued by ERB as part of a public benchmark issuance of EUR 500 million listed on the Luxembourg Stock Exchange. * On 7 September 2021, the EBRD invested another EUR 27 million (5.4% participation) in the second senior preferred bond issuance of ERB. * On 29 November 2022, the EBRD invested EUR 10 million (3.3% of the issuance amount) in subordinated ('Tier 2') bonds issued by ERBH as part of a public issuance of EUR 300 million listed on the Luxembourg Stock Exchange. The bonds have a 10 year maturity with a call option on the fifth year (10NC5 structure). * On 19 January 2023, the EBRD invested EUR 20 million (4% of the issuance amount) in senior preferred bonds issued by ERB as part of a public issuance of EUR 500 million to be listed on the Luxembourg Stock Exchange. The bonds have a 6 year maturity with a call option on the fifth year (6NC5 structure). * On 21 November 2023, the EBRD invested EUR 18 million (3.6% of the issuance amount) in senior preferred bonds issued by ERB as part of a public issuance of EUR 500 million to be listed on the Luxembourg Stock Exchange. The bonds have a 6 year maturity with a call option on the fifth year (6NC5 structure). The project supports the resilience and regulatory compliance of a systemically important institution in the country and contributes to the capital market development of Greece. The project also aims to support strong green targets with 150% of the EBRD's investment to be allocated to finance green projects in line with EBRD's Green Economy Transition ("GET") eligibility criteria. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54368XI-IATI-EBRD-55288European Bank for Reconstruction and DevelopmentThe Fund will invest equity or quasi equity in mature scale up growth companies, SMEs, and Small Mid-Caps operating in Greece and seeking capital to strengthen their business model, create a roadmap for further growth, and accelerate their digital transition. Null ValueEuropean Bank for Reconstruction and DevelopmentHALCYON EQUITY PARTNERS SCA SICAREuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATHENS37.98376 23.727841831081730000000HALCYON EQUITY PARTNERS SCA SICARPRIVATEPRIVATEPRIVATEThe Fund will invest equity or quasi equity in mature scale up growth companies, SMEs, and Small Mid-Caps operating in Greece and seeking capital to strengthen their business model, create a roadmap for further growth, and accelerate their digital transition. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55288XI-IATI-EBRD-52924European Bank for Reconstruction and DevelopmentAn equity commitment of up to EUR 30 million in favour of Diorama Investments II RAIF S.C.A. (the "Fund"). The fund will make equity and equity-related investments in small and medium-sized enterprises and mid-cap companies primarily in Greece and also in selected opportunities in Cyprus, Romania, Bulgaria and Serbia.European Bank for Reconstruction and DevelopmentDIORAMA INVESTMENTS II RAIF SCAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATHENS37.98376 23.7278413662804.5530000000DIORAMA INVESTMENTS II RAIF SCAPRIVATEPRIVATEPRIVATEAn equity commitment of up to EUR 30 million in favour of Diorama Investments II RAIF S.C.A. (the "Fund"). The fund will make equity and equity-related investments in small and medium-sized enterprises and mid-cap companies primarily in Greece and also in selected opportunities in Cyprus, Romania, Bulgaria and Serbia. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52924XI-IATI-EBRD-48420European Bank for Reconstruction and DevelopmentThe EBRD invested US$ 50 million in preferred stock of Turkey-based TFI TAB Gida Yatirimlari A.S, the leading quick service restaurant operator in Turkey. The Bank invested alongside Goldman Sachs and an investment vehicle advised by Credit Suisse Special Investments Group. The new financing will help TFI roll out new restaurants as well as expand their supply chain and implement resource-efficiency measures.European Bank for Reconstruction and DevelopmentTFI TAB GIDA YATIRIMLARI ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496643771338.53TFI TAB GIDA YATIRIMLARI ASPRIVATEPRIVATEPRIVATEThe EBRD invested US$ 50 million in preferred stock of Turkey-based TFI TAB Gida Yatirimlari A.S, the leading quick service restaurant operator in Turkey. The Bank invested alongside Goldman Sachs and an investment vehicle advised by Credit Suisse Special Investments Group. The new financing will help TFI roll out new restaurants as well as expand their supply chain and implement resource-efficiency measures. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48420XI-IATI-EBRD-47631European Bank for Reconstruction and DevelopmentThe EBRD (the Bank) is making an equity investment, in the form of capital increase, in return for a stake in Akfen Yenilenebilir Enerji Company (the Company), a new investment entity which will own a portfolio of renewable power generation assets both operational and under development. The portfolio, with a total operational capacity of 210 MW, consists of operational hydro (203 MW) and solar power plants (7 MW) and numerous wind, solar and hydro projects in construction and under development. The Company will be controlled and owned by Akfen Holding A.S. (Akfen), and will be created following the reorganisation and merger of several of Akfen's energy subsidiaries. The Bank's capital will help fund the development and construction of new renewable power generation projects. The projects are located across several regions of Turkey.European Bank for Reconstruction and DevelopmentAKFEN HOLDING ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496691877501.26AKFEN HOLDING ASPRIVATEPRIVATEPRIVATEThe EBRD (the Bank) is making an equity investment, in the form of capital increase, in return for a stake in Akfen Yenilenebilir Enerji Company (the Company), a new investment entity which will own a portfolio of renewable power generation assets both operational and under development. The portfolio, with a total operational capacity of 210 MW, consists of operational hydro (203 MW) and solar power plants (7 MW) and numerous wind, solar and hydro projects in construction and under development. The Company will be controlled and owned by Akfen Holding A.S. (Akfen), and will be created following the reorganisation and merger of several of Akfen's energy subsidiaries. The Bank's capital will help fund the development and construction of new renewable power generation projects. The projects are located across several regions of Turkey. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47631XI-IATI-EBRD-52399European Bank for Reconstruction and DevelopmentA sovereign loan of up to EUR 10 million to the Republic of Azerbaijan (the "Borrower") for the benefit of the Housing and Communal Services Production Union (the "Company"), a municipal services company under the Ganja City Executive Power (the "City" or the "Ganja EP"). The Bank will support the upgrade of the municipal solid waste collection infrastructure (waste collection and street cleaning vehicles and containers) in the city of Ganja, as well as improvements in operational and financial efficiencies. Azerbaijan has a National Solid Waste Management Strategy (the "NSWMS"), among others including construction of new landfills, closure of old dumpsites, construction of transfer stations and support to recycling and recovery systems. The Project will address some urgent needs identified in the NSWMS applicable to Ganja city area. The Government of Azerbaijan is committed to implementing the improvements in solid waste management as identified in the NSWMS. The proposed investment will improve the solid waste collection infrastructure and introduce operational and financial efficiencies through the introduction of smart waste collection and route optimisation systems, new vehicle and container types and better maintenance solutions. Furthermore, the existing vehicle fleet will be enhanced for the purpose of the smart waste collection system. The Project will also aim to improve working conditions of staff in the maintenance bay and at the dumpsite, minimise uncontrolled burning in the dumpsite and other locations, improve public health and general environment due to the full coverage of the city area by the waste collection services.European Bank for Reconstruction and DevelopmentAZERBAIJAN SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBAKU40.37767 49.89201979500010000000AZERBAIJAN SOVEREIGN205000AZERBAIJAN SOVEREIGNSTATESTATESTATESTATEA sovereign loan of up to EUR 10 million to the Republic of Azerbaijan (the "Borrower") for the benefit of the Housing and Communal Services Production Union (the "Company"), a municipal services company under the Ganja City Executive Power (the "City" or the "Ganja EP"). The Bank will support the upgrade of the municipal solid waste collection infrastructure (waste collection and street cleaning vehicles and containers) in the city of Ganja, as well as improvements in operational and financial efficiencies. Azerbaijan has a National Solid Waste Management Strategy (the "NSWMS"), among others including construction of new landfills, closure of old dumpsites, construction of transfer stations and support to recycling and recovery systems. The Project will address some urgent needs identified in the NSWMS applicable to Ganja city area. The Government of Azerbaijan is committed to implementing the improvements in solid waste management as identified in the NSWMS. The proposed investment will improve the solid waste collection infrastructure and introduce operational and financial efficiencies through the introduction of smart waste collection and route optimisation systems, new vehicle and container types and better maintenance solutions. Furthermore, the existing vehicle fleet will be enhanced for the purpose of the smart waste collection system. The Project will also aim to improve working conditions of staff in the maintenance bay and at the dumpsite, minimise uncontrolled burning in the dumpsite and other locations, improve public health and general environment due to the full coverage of the city area by the waste collection services. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52399XI-IATI-EBRD-52419European Bank for Reconstruction and DevelopmentA sovereign loan of EUR 12.5 million to the Republic of Azerbaijan (the "Borrower") for the benefit of the Ganja City Executive Power (the "Project Entity"). The Bank's loan will be co-financed by a capital expenditure grant of EUR 2.5 million from an international donor. The loan proceeds and capital grant funds will be used to finance modernisation of the street lighting networks on selected streets in the City of Ganja (the "City"), including LED luminaries, automated lighting control and monitoring systems as well as new poles and cables. The Project will aim to create substantial energy savings by improving street lighting infrastructure in the City. It will also optimise operational and maintenance costs of street lighting assets and avoid CO2 emissions, thus enhancing quality of service and standards for public health and safety.European Bank for Reconstruction and DevelopmentAZERBAIJAN SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBAKU40.37767 49.892011250000012500000AZERBAIJAN SOVEREIGNSTATESTATESTATESTATEA sovereign loan of EUR 12.5 million to the Republic of Azerbaijan (the "Borrower") for the benefit of the Ganja City Executive Power (the "Project Entity"). The Bank's loan will be co-financed by a capital expenditure grant of EUR 2.5 million from an international donor. The loan proceeds and capital grant funds will be used to finance modernisation of the street lighting networks on selected streets in the City of Ganja (the "City"), including LED luminaries, automated lighting control and monitoring systems as well as new poles and cables. The Project will aim to create substantial energy savings by improving street lighting infrastructure in the City. It will also optimise operational and maintenance costs of street lighting assets and avoid CO2 emissions, thus enhancing quality of service and standards for public health and safety. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52419XI-IATI-EBRD-57447European Bank for Reconstruction and DevelopmentParticipation of €20 million in the 7-year tranche of Schuldschein issuance by Hornbach Holding AG & Co. KGaA. The proceeds of the Bank's financing will be used to support the Borrower's 2026-2028 capex investments in Serbia via its local subsidiary. These includes capex related to the construction of retail stores, eligible under the Bank's Green Economy Transition (GET) approach.European Bank for Reconstruction and DevelopmentHORNBACH HOLDING AG AND CO KGAAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651320000000HORNBACH HOLDING AG AND CO KGAAPRIVATEPRIVATEPRIVATEParticipation of €20 million in the 7-year tranche of Schuldschein issuance by Hornbach Holding AG & Co. KGaA. The proceeds of the Bank's financing will be used to support the Borrower's 2026-2028 capex investments in Serbia via its local subsidiary. These includes capex related to the construction of retail stores, eligible under the Bank's Green Economy Transition (GET) approach. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57447XI-IATI-EBRD-53864European Bank for Reconstruction and DevelopmentAn equity investment of up to EUR 67 million in the context of the capital increase of Sunly AS (Sunly, Company), an Estonia based renewable energy developer and independent power producer with operations in Poland and the Baltic countries. The Bank has initially committed EUR 30 million to purchase a minority equity stake in the company in 2023 and is extending its participation by another up to EUR 37 million in 2024. The investment is part of a capital increase of EUR 260m (combined), of which the investment fund Mirova has taken a substantial stake. The capital increase is mainly aimed at financing the Company's deployment of renewable energy capacities over the next 36 months.European Bank for Reconstruction and DevelopmentSUNLY ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTALLINN59.43696 24.75353VILNIUS54.68916 25.2798RIGA56.946 24.10589WARSAW52.22977 21.0117860151495.86SUNLY ASPRIVATEPRIVATEPRIVATEAn equity investment of up to EUR 67 million in the context of the capital increase of Sunly AS (Sunly, Company), an Estonia based renewable energy developer and independent power producer with operations in Poland and the Baltic countries. The Bank has initially committed EUR 30 million to purchase a minority equity stake in the company in 2023 and is extending its participation by another up to EUR 37 million in 2024. The investment is part of a capital increase of EUR 260m (combined), of which the investment fund Mirova has taken a substantial stake. The capital increase is mainly aimed at financing the Company's deployment of renewable energy capacities over the next 36 months. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53864XI-IATI-EBRD-49085European Bank for Reconstruction and DevelopmentThe provision of a sovereign loan of up to €15.5 million on-lent to Vitebsk Oblast Water Company (the "Company"), a municipal enterprise fully owned by the Vitebsk Oblast (the "Oblast"), north Belarus. The Project will finance 70 new iron-removal water treatment facilities to improve water supply quality in 80 small settlements across the Oblast. The Project aims to improve water supply quality in small settlements across the Oblast with a focus on excess iron removal from ground water. The Project will help population of the settlements access clean drinking water in compliance with WHO and EU guideline standards.European Bank for Reconstruction and DevelopmentBELARUS SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGMINSK53.9 27.5666715500000BELARUS SOVEREIGN459866.8BELARUS SOVEREIGN20756.26BELARUS SOVEREIGN66013.88BELARUS SOVEREIGN71659.49BELARUS SOVEREIGNSTATESTATESTATESTATEThe provision of a sovereign loan of up to €15.5 million on-lent to Vitebsk Oblast Water Company (the "Company"), a municipal enterprise fully owned by the Vitebsk Oblast (the "Oblast"), north Belarus. The Project will finance 70 new iron-removal water treatment facilities to improve water supply quality in 80 small settlements across the Oblast. The Project aims to improve water supply quality in small settlements across the Oblast with a focus on excess iron removal from ground water. The Project will help population of the settlements access clean drinking water in compliance with WHO and EU guideline standards. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49085XI-IATI-EBRD-56418European Bank for Reconstruction and DevelopmentA senior unsecured loan in the EUR-equivalent of up to 15 million to BC MAIB SA under Residential Green Economy Financing Facility Moldova ("RGEFFM") for on-lending to the residential sector (individuals, housing associations, service providers, technology vendors and producers, and construction companies along the residential building supply chain) for green economy investments in Moldova. The loan will be provided in two equal tranches with the second tranche uncommitted. Each tranche will be available for disbursement in Moldovan Lei or in EUR. The proposed project will be supported by donors such as the European Union ("EU") and the government of Norway through High-Impact Partnership on Climate Action ("HIPCA") for financing Investment Incentive payments to eligible end-borrowers, first loss guarantee in support of the local currency operations and Technical Cooperation ("TC"). The project is implemented under RGEFFM, which supports green economy market development in Moldova by (i) increasing awareness, as well as capacity and involvement of the population and private sector participants in residential green economy investments, (ii) improving comfort and affordability of utilities for households, (iii) strengthening local production and supply base for green technologies and materials, and eventually (iv) delivering sizeable resource savings. The full amount of the proposed facility will be allocated to activities that comply with EBRD Green Economy Transition ("GET") approach.European Bank for Reconstruction and DevelopmentBC MAIB SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCHISINAU47.00556 28.857575000007500000BC MAIB SAPRIVATEPRIVATEPRIVATEA senior unsecured loan in the EUR-equivalent of up to 15 million to BC MAIB SA under Residential Green Economy Financing Facility Moldova ("RGEFFM") for on-lending to the residential sector (individuals, housing associations, service providers, technology vendors and producers, and construction companies along the residential building supply chain) for green economy investments in Moldova. The loan will be provided in two equal tranches with the second tranche uncommitted. Each tranche will be available for disbursement in Moldovan Lei or in EUR. The proposed project will be supported by donors such as the European Union ("EU") and the government of Norway through High-Impact Partnership on Climate Action ("HIPCA") for financing Investment Incentive payments to eligible end-borrowers, first loss guarantee in support of the local currency operations and Technical Cooperation ("TC"). The project is implemented under RGEFFM, which supports green economy market development in Moldova by (i) increasing awareness, as well as capacity and involvement of the population and private sector participants in residential green economy investments, (ii) improving comfort and affordability of utilities for households, (iii) strengthening local production and supply base for green technologies and materials, and eventually (iv) delivering sizeable resource savings. The full amount of the proposed facility will be allocated to activities that comply with EBRD Green Economy Transition ("GET") approach. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56418XI-IATI-EBRD-56300European Bank for Reconstruction and DevelopmentThe proposed transaction is an equity commitment of up to USD 25 million in favour of the Rebuild Ukraine Fund (the "Fund"), a private equity fund sponsored by Dragon Capital. The Fund will make equity and equity related investments in SMEs and Mid-Cap companies in Ukraine with the objective of generating long-term capital appreciation.European Bank for Reconstruction and DevelopmentREBUILD UKRAINE FUND SCSPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.523821885669.2621885669.26REBUILD UKRAINE FUND SCSPPRIVATEPRIVATEPRIVATEThe proposed transaction is an equity commitment of up to USD 25 million in favour of the Rebuild Ukraine Fund (the "Fund"), a private equity fund sponsored by Dragon Capital. The Fund will make equity and equity related investments in SMEs and Mid-Cap companies in Ukraine with the objective of generating long-term capital appreciation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56300XI-IATI-EBRD-52138European Bank for Reconstruction and DevelopmentThis project was approved in the context of the Bank's response to the COVID-19 pandemic. To avoid delays to the delivery of this project, the Bank's President granted a deviation from the ordinary timelines for PSD disclosure, as contemplated by Section V of the Directive on Access to Information. Details of the Bank's response to COVID-19, and this deviation, can be found on the Bank's website. A senior secured loan of up to USD 27 million (the "loan") to Nibulon LLC (the "borrower") under the Resilience Framework. The loan will enable Nibulon LLC to secure sufficient working capital financing for the following seasons and support in further developing its trading activity in Ukraine amid the adverse impact of COVID-19 on its business. The loan will support Nibulon Group's liquidity for trading operations and help it withstand the COVID19-caused crisis. The operation will ensure that Nibulon remains committed to developing river transport networks and increasing inland grain procurement in new rural areas which were part of previous operations between the Bank and Nibulon Group.European Bank for Reconstruction and DevelopmentNIBULON AGRICULTURAL LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGMYKOLAIV49.52372 23.9852223636522.8NIBULON AGRICULTURAL LLCPRIVATEPRIVATEPRIVATEThis project was approved in the context of the Bank's response to the COVID-19 pandemic. To avoid delays to the delivery of this project, the Bank's President granted a deviation from the ordinary timelines for PSD disclosure, as contemplated by Section V of the Directive on Access to Information. Details of the Bank's response to COVID-19, and this deviation, can be found on the Bank's website. A senior secured loan of up to USD 27 million (the "loan") to Nibulon LLC (the "borrower") under the Resilience Framework. The loan will enable Nibulon LLC to secure sufficient working capital financing for the following seasons and support in further developing its trading activity in Ukraine amid the adverse impact of COVID-19 on its business. The loan will support Nibulon Group's liquidity for trading operations and help it withstand the COVID19-caused crisis. The operation will ensure that Nibulon remains committed to developing river transport networks and increasing inland grain procurement in new rural areas which were part of previous operations between the Bank and Nibulon Group. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52138XI-IATI-EBRD-56356European Bank for Reconstruction and DevelopmentAn unfunded risk-sharing instrument under the Resilience and Livelihoods Framework covering up to 50 per cent of the credit risk in sub-loans with the total value of up to EUR 100 million equivalent (the "Covered Portfolio") to be originated by Ukreximbank. The facility will be delivered in two equal tranches, with the second tranche being uncommitted. Up to EUR 20 million of risk shared sub-loans will finance SMEs' long-term investments under the EU4Business-EBRD Credit Line with Incentives (within a dedicated sub-limit assigned with a separate EBRD project number 56366). This will enable financing of long-term capital investments of SMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of the sub-limit), thereby enhancing competitiveness of businesses. Eligible sub-borrowers will also receive EU funded technical assistance and grant support in the form of investment incentives upon the completion of their investment projects. The Facility aims to support lending to Ukrainian private companies operating in the primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in Ukraine.European Bank for Reconstruction and DevelopmentTHE STATE EXPORT-IMPORT BANK OF UKRAINE JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.52382000000020000000THE STATE EXPORT-IMPORT BANK OF UKRAINE JSCPRIVATEPRIVATEPRIVATEAn unfunded risk-sharing instrument under the Resilience and Livelihoods Framework covering up to 50 per cent of the credit risk in sub-loans with the total value of up to EUR 100 million equivalent (the "Covered Portfolio") to be originated by Ukreximbank. The facility will be delivered in two equal tranches, with the second tranche being uncommitted. Up to EUR 20 million of risk shared sub-loans will finance SMEs' long-term investments under the EU4Business-EBRD Credit Line with Incentives (within a dedicated sub-limit assigned with a separate EBRD project number 56366). This will enable financing of long-term capital investments of SMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of the sub-limit), thereby enhancing competitiveness of businesses. Eligible sub-borrowers will also receive EU funded technical assistance and grant support in the form of investment incentives upon the completion of their investment projects. The Facility aims to support lending to Ukrainian private companies operating in the primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56356XI-IATI-EBRD-56637European Bank for Reconstruction and DevelopmentUp to EUR 500 million revolving credit facility to National Joint Stock Company "Naftogaz of Ukraine" (the "Company", or "NAK"). The proposed transaction supports Ukraine's energy security through financing of emergency gas purchases over the next two heating seasons. The loan benefits from partial EU guarantee under the Ukraine Investment Framework. The Bank's financing is complemented by up to EUR 80.6m Norway grant through the EBRD Crisis Response Special Fund. The strategic importance of the transaction is driven by the energy security objective to ensure uninterrupted gas supply in Ukraine and safeguard vital access to energy for people and communities due to challenges imposed by the war on Ukraine.European Bank for Reconstruction and DevelopmentNAFTOGAZ OF UKRAINE PJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.523895616.4500000000NAFTOGAZ OF UKRAINE PJSC44894232NAFTOGAZ OF UKRAINE PJSC76470840NAFTOGAZ OF UKRAINE PJSC44889120NAFTOGAZ OF UKRAINE PJSC77398118NAFTOGAZ OF UKRAINE PJSC16533040NAFTOGAZ OF UKRAINE PJSC40063269NAFTOGAZ OF UKRAINE PJSC23394490NAFTOGAZ OF UKRAINE PJSC43051955NAFTOGAZ OF UKRAINE PJSC37038875.6NAFTOGAZ OF UKRAINE PJSC8502441NAFTOGAZ OF UKRAINE PJSC18641145NAFTOGAZ OF UKRAINE PJSC27501360NAFTOGAZ OF UKRAINE PJSC10731744NAFTOGAZ OF UKRAINE PJSC19801554NAFTOGAZ OF UKRAINE PJSC5513000NAFTOGAZ OF UKRAINE PJSC5479200NAFTOGAZ OF UKRAINE PJSCSTATESTATESTATESTATEUp to EUR 500 million revolving credit facility to National Joint Stock Company "Naftogaz of Ukraine" (the "Company", or "NAK"). The proposed transaction supports Ukraine's energy security through financing of emergency gas purchases over the next two heating seasons. The loan benefits from partial EU guarantee under the Ukraine Investment Framework. The Bank's financing is complemented by up to EUR 80.6m Norway grant through the EBRD Crisis Response Special Fund. The strategic importance of the transaction is driven by the energy security objective to ensure uninterrupted gas supply in Ukraine and safeguard vital access to energy for people and communities due to challenges imposed by the war on Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56637XI-IATI-EBRD-54849European Bank for Reconstruction and DevelopmentThe Ukraine Recovery and Reconstruction Guarantee Facility ("URGF") is a private sector operation that aims to re-launch the market for war risk insurance in Ukraine. Under the project, EBRD provides a guarantee of up to € 150 million in favour of URGF IC Limited (the "Company"), a specialised form of limited liability company based in Guernsey. The Company will use EBRD's guarantee to provide reinsurance cover for war related losses and damages in Ukraine to insurance market participants (the "Project"). The facility is managed by Aon, a leading professional services firm. The Project aims to re-launch the private market for war insurance in Ukraine by unlocking the risk retention capacity of the international reinsurance industry and thereby supports Ukraine's private sector investment needs. The war on Ukraine has led to a significant reduction of reinsurance capacity available to the market, as international reinsurers have largely withdrawn from Ukraine. By re-engaging international reinsurers and making war risk insurance more accessible, the facility will stimulate business activity and economic growth, supporting Ukraine's recovery and reconstruction.European Bank for Reconstruction and DevelopmentURGF IC LTDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.52388000000080000000URGF IC LTDPRIVATEPRIVATEPRIVATEThe Ukraine Recovery and Reconstruction Guarantee Facility ("URGF") is a private sector operation that aims to re-launch the market for war risk insurance in Ukraine. Under the project, EBRD provides a guarantee of up to € 150 million in favour of URGF IC Limited (the "Company"), a specialised form of limited liability company based in Guernsey. The Company will use EBRD's guarantee to provide reinsurance cover for war related losses and damages in Ukraine to insurance market participants (the "Project"). The facility is managed by Aon, a leading professional services firm. The Project aims to re-launch the private market for war insurance in Ukraine by unlocking the risk retention capacity of the international reinsurance industry and thereby supports Ukraine's private sector investment needs. The war on Ukraine has led to a significant reduction of reinsurance capacity available to the market, as international reinsurers have largely withdrawn from Ukraine. By re-engaging international reinsurers and making war risk insurance more accessible, the facility will stimulate business activity and economic growth, supporting Ukraine's recovery and reconstruction. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54849XI-IATI-EBRD-53769European Bank for Reconstruction and DevelopmentA senior loan of up to up to PLN 229 mln (ca. EUR 48 mln) in favour of Parkur PropCo Sp. z o.o., Bemowo PropCo Sp. z o.o., Mokotow I PropCo Sp. z o.o. and Mokotow II PropCo Sp. z o.o. ("Co-Borrowers"), which are fully owned by NREP Nordic Strategies Fund IV ("the Sponsor"). The proceeds will be used to fund the forward purchase of newly constructed green certified apartments for rent in Warsaw. The project is considered under the Resilience and Livelihoods Framework, a EUR 2 billion package which was adopted by the EBRD after the Russian invasion in order to support Ukraine and other affected countries. This project was approved in the context of the Bank's response to the Russian-led invasion of Ukrainian territory in February 2022. To avoid delays to the delivery of this project, the Bank's President granted a deviation from the ordinary timelines for PSD disclosure, as contemplated by Section V of the Directive on Access to Information. Details of this deviation, and the Bank's response to this situation, can be found on our website. The operation will help to improve the housing situation in Poland, which was recently exacerbated by the war on Ukraine and the inflow of Ukrainian refugees to Poland. The proceeds from the planned financing will be utilised to finance in excess of 1,000 apartments for rent across four buildings.European Bank for Reconstruction and DevelopmentPARKUR PROPCO SP ZOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.0117828409196.67PARKUR PROPCO SP ZOOPRIVATEPRIVATEPRIVATEA senior loan of up to up to PLN 229 mln (ca. EUR 48 mln) in favour of Parkur PropCo Sp. z o.o., Bemowo PropCo Sp. z o.o., Mokotow I PropCo Sp. z o.o. and Mokotow II PropCo Sp. z o.o. ("Co-Borrowers"), which are fully owned by NREP Nordic Strategies Fund IV ("the Sponsor"). The proceeds will be used to fund the forward purchase of newly constructed green certified apartments for rent in Warsaw. The project is considered under the Resilience and Livelihoods Framework, a EUR 2 billion package which was adopted by the EBRD after the Russian invasion in order to support Ukraine and other affected countries. This project was approved in the context of the Bank's response to the Russian-led invasion of Ukrainian territory in February 2022. To avoid delays to the delivery of this project, the Bank's President granted a deviation from the ordinary timelines for PSD disclosure, as contemplated by Section V of the Directive on Access to Information. Details of this deviation, and the Bank's response to this situation, can be found on our website. The operation will help to improve the housing situation in Poland, which was recently exacerbated by the war on Ukraine and the inflow of Ukrainian refugees to Poland. The proceeds from the planned financing will be utilised to finance in excess of 1,000 apartments for rent across four buildings. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53769XI-IATI-EBRD-52336European Bank for Reconstruction and DevelopmentProvision of a sovereign guaranteed loan of up to EUR 150 million in favour of Office National des Aeroports ("ONDA" or the "Company") to address the urgent need for liquidity support of the Company, a Moroccan State-Owned Enterprise (SOE) providing vital infrastructure services, following the unprecedented economic impacts of the COVID-19 crisis. The proposed transaction is in line with the Vital Infrastructure Support Programme (VISP) under the Bank's COVID-19 Solidarity Package. The goal of the Project is to help this SOE meet short-term obligations in order to enable essential operations and services to continue uninterrupted despite the financial stress of the COVID-19 crisis.European Bank for Reconstruction and DevelopmentOFFICE NATIONAL DES AEROPORTSEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCASABLANCA33.58831 -7.61138150000000OFFICE NATIONAL DES AEROPORTS109202578.8OFFICE NATIONAL DES AEROPORTS32823783.18OFFICE NATIONAL DES AEROPORTS7973638.02OFFICE NATIONAL DES AEROPORTSSTATESTATESTATESTATEProvision of a sovereign guaranteed loan of up to EUR 150 million in favour of Office National des Aeroports ("ONDA" or the "Company") to address the urgent need for liquidity support of the Company, a Moroccan State-Owned Enterprise (SOE) providing vital infrastructure services, following the unprecedented economic impacts of the COVID-19 crisis. The proposed transaction is in line with the Vital Infrastructure Support Programme (VISP) under the Bank's COVID-19 Solidarity Package. The goal of the Project is to help this SOE meet short-term obligations in order to enable essential operations and services to continue uninterrupted despite the financial stress of the COVID-19 crisis. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52336XI-IATI-EBRD-54340European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 5 million to be provided to Victoriabank ("VB"), an existing EBRD client in Moldova, for on-lending to eligible micro, small and medium-sized enterprises ("MSMEs") under the SME Competitiveness Programme in the Eastern Partnership of the EU. The loan will consist of two equal tranches, with the second tranche uncommitted and available at the sole discretion of the EBRD. The project will enable VB to support the investments of local MSMEs in upgrading their technology and equipment necessary to meet EU standards (product quality, health and safety measures and environmental preservation). At least 70% of the financed sub-loans are expected to comply with EBRD Green Economy Transition ("GET") approach.European Bank for Reconstruction and DevelopmentVICTORIABANK SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCHISINAU47.00556 28.85755000000VICTORIABANK SAPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 5 million to be provided to Victoriabank ("VB"), an existing EBRD client in Moldova, for on-lending to eligible micro, small and medium-sized enterprises ("MSMEs") under the SME Competitiveness Programme in the Eastern Partnership of the EU. The loan will consist of two equal tranches, with the second tranche uncommitted and available at the sole discretion of the EBRD. The project will enable VB to support the investments of local MSMEs in upgrading their technology and equipment necessary to meet EU standards (product quality, health and safety measures and environmental preservation). At least 70% of the financed sub-loans are expected to comply with EBRD Green Economy Transition ("GET") approach. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54340XI-IATI-EBRD-55764European Bank for Reconstruction and DevelopmentAn unfunded risk-sharing instrument partially covering the credit risk in newly originated sub-loans with a total value of EUR 100 million (the "Covered Portfolio") to be provided by Raiffeisen Bank in Ukraine. The Project is provided under the EBRD's Energy Security Support Facility ("ESSF") to finance energy generation, energy storage and energy efficiency sub-projects to Ukrainian businesses, municipalities, state owned enterprises and households. Technical assistance under ESSF will strengthen the capacity of Raiffeisen Bank Ukraine and its sub-borrowers to implement the Programme in a streamlined manner, while adhering to the EBRD eligibility criteria. Eligible small and medium enterprises ("SMEs") and residential sub-borrowers will additionally receive grant support in form of investment incentives upon the completion of their eligible investment projects. Up to EUR 20 million of risk shared sub-loans will finance SMEs' long term investments under the EU4Business-EBRD Credit Line with Incentives (within a dedicated sub-limit assigned with a separate EBRD project number 55765). This will enable financing of long-term capital investments of SMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of the sub-limit), thereby enhancing competitiveness of businesses. Eligible sub-borrowers will also receive technical assistance funded by the EU and grant support in the form of investment incentives upon the completion of their investment projects. The Project aims to channel urgently needed investments into additional energy generation and storage capacity, thereby preserving energy security amidst energy crisis across all sectors in Ukraine.European Bank for Reconstruction and DevelopmentRAIFFEISEN BANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.52381920000019200000RAIFFEISEN BANK JSCPRIVATEPRIVATEPRIVATEAn unfunded risk-sharing instrument partially covering the credit risk in newly originated sub-loans with a total value of EUR 100 million (the "Covered Portfolio") to be provided by Raiffeisen Bank in Ukraine. The Project is provided under the EBRD's Energy Security Support Facility ("ESSF") to finance energy generation, energy storage and energy efficiency sub-projects to Ukrainian businesses, municipalities, state owned enterprises and households. Technical assistance under ESSF will strengthen the capacity of Raiffeisen Bank Ukraine and its sub-borrowers to implement the Programme in a streamlined manner, while adhering to the EBRD eligibility criteria. Eligible small and medium enterprises ("SMEs") and residential sub-borrowers will additionally receive grant support in form of investment incentives upon the completion of their eligible investment projects. Up to EUR 20 million of risk shared sub-loans will finance SMEs' long term investments under the EU4Business-EBRD Credit Line with Incentives (within a dedicated sub-limit assigned with a separate EBRD project number 55765). This will enable financing of long-term capital investments of SMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of the sub-limit), thereby enhancing competitiveness of businesses. Eligible sub-borrowers will also receive technical assistance funded by the EU and grant support in the form of investment incentives upon the completion of their investment projects. The Project aims to channel urgently needed investments into additional energy generation and storage capacity, thereby preserving energy security amidst energy crisis across all sectors in Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55764XI-IATI-EBRD-55003European Bank for Reconstruction and DevelopmentLong-term financing to Zaklady Farmaceutyczne Polpharma S.A. ("Polpharma") and Windstorm Trading and Investments Limited (together referred to as the "Group", the "Client") as part of a larger syndicate to support an investment program involving business expansion and R&D activities of both generics and biologics divisions of the Group, as well as for general corporate purposes and refinancing. The project will strengthen the Group's position in Poland, Central and Eastern Europe and other export markets and increase its global presence through value added products. The investments into the new biological products will allow the Group to establish region-leading competencies in advanced pharmaceutical production and facilitate the global commercialization of its pipeline of biological therapeutics in partnership with the world's largest pharmaceutical companies, thus entering currently unavailable market segments.European Bank for Reconstruction and DevelopmentZAKLADY FARMACEUTYCZNE POLPHARMA SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSTAROGARD GDANSKI53.96396 18.52638148068621.36ZAKLADY FARMACEUTYCZNE POLPHARMA SAPRIVATEPRIVATEPRIVATELong-term financing to Zaklady Farmaceutyczne Polpharma S.A. ("Polpharma") and Windstorm Trading and Investments Limited (together referred to as the "Group", the "Client") as part of a larger syndicate to support an investment program involving business expansion and R&D activities of both generics and biologics divisions of the Group, as well as for general corporate purposes and refinancing. The project will strengthen the Group's position in Poland, Central and Eastern Europe and other export markets and increase its global presence through value added products. The investments into the new biological products will allow the Group to establish region-leading competencies in advanced pharmaceutical production and facilitate the global commercialization of its pipeline of biological therapeutics in partnership with the world's largest pharmaceutical companies, thus entering currently unavailable market segments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55003XI-IATI-EBRD-57521European Bank for Reconstruction and DevelopmentA senior loan of up to EUR 25 million, to provide emergency liquidity support to the City of Dnipro (the "City") and its key municipal operators, to mitigate the effect of the ongoing war on the City's financial position and on its resident population (the "Project"). The expected recipients of liquidity support from the City are: (i) CE "Dniprovskiy Electrotransport", existing client under UPTF: Dnipro Trolleybus and (ii) CE "Dniprovodokanal", a municipal water and wastewater utility (the "Recipients"). In the current war environment, the Bank also intends to use the EU Ukraine Investment Framework (UIF) guarantee, to cover 27% (net EU cover) of the proposed loan, structured on a First Loss Risk Cover ("FLRC") basis with EBRD's financing. The Bank's loan is expected to support the City and its key municipal water utility and public transport operator in 2026-2028 in addressing their critical liquidity needs to ensure uninterrupted provision of essential public transportation and water supply services in the City, supporting their timely payments to suppliers and employees, as well as performance of essential maintenance works. In the absence of the Bank's support, given the ongoing war and its effects on the local economy and ongoing forced displacement and labour market volatility, there is a high risk of disruptions in infrastructure services provision, compromising infrastructure service delivery, which is needed both for Dnipro's economic recovery and the private sector in the City. The Bank's liquidity support is therefore important to help reduce these risks, support the continued delivery of critical services and contribute to the City's economic resilience during the war.European Bank for Reconstruction and DevelopmentCITY OF DNIPROEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGDNIPRO48.4593 35.038652500000025000000CITY OF DNIPROSTATESTATESTATESTATEA senior loan of up to EUR 25 million, to provide emergency liquidity support to the City of Dnipro (the "City") and its key municipal operators, to mitigate the effect of the ongoing war on the City's financial position and on its resident population (the "Project"). The expected recipients of liquidity support from the City are: (i) CE "Dniprovskiy Electrotransport", existing client under UPTF: Dnipro Trolleybus and (ii) CE "Dniprovodokanal", a municipal water and wastewater utility (the "Recipients"). In the current war environment, the Bank also intends to use the EU Ukraine Investment Framework (UIF) guarantee, to cover 27% (net EU cover) of the proposed loan, structured on a First Loss Risk Cover ("FLRC") basis with EBRD's financing. The Bank's loan is expected to support the City and its key municipal water utility and public transport operator in 2026-2028 in addressing their critical liquidity needs to ensure uninterrupted provision of essential public transportation and water supply services in the City, supporting their timely payments to suppliers and employees, as well as performance of essential maintenance works. In the absence of the Bank's support, given the ongoing war and its effects on the local economy and ongoing forced displacement and labour market volatility, there is a high risk of disruptions in infrastructure services provision, compromising infrastructure service delivery, which is needed both for Dnipro's economic recovery and the private sector in the City. The Bank's liquidity support is therefore important to help reduce these risks, support the continued delivery of critical services and contribute to the City's economic resilience during the war. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57521XI-IATI-EBRD-52814European Bank for Reconstruction and DevelopmentProvision of a senior loan of up to EUR 8.0 million to UAB Liepvita (the "Borrower", or the "Company"), to be provided alongside an equivalent loan from a parallel lender for the construction and operation of a multi-phase warehouse development project in Vilnius, Lithuania ("J55" or the "Project" ). The Project is being developed and managed by UAB Sirin Development (the "Sponsor" or "Sirin"), one of the largest regional real estate developers that operates in Lithuania and Latvia. The proceeds from the loan will be used to retroactively finance two completed, operational warehouse assets with a total GLA of ca. 36k sqm in Vilnius, Lithuania, thus supporting the development of A-class sustainable real estate in the country.European Bank for Reconstruction and DevelopmentLIEPVITA UABEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGVILNIUS54.68916 25.27988000000LIEPVITA UABPRIVATEPRIVATEPRIVATEProvision of a senior loan of up to EUR 8.0 million to UAB Liepvita (the "Borrower", or the "Company"), to be provided alongside an equivalent loan from a parallel lender for the construction and operation of a multi-phase warehouse development project in Vilnius, Lithuania ("J55" or the "Project" ). The Project is being developed and managed by UAB Sirin Development (the "Sponsor" or "Sirin"), one of the largest regional real estate developers that operates in Lithuania and Latvia. The proceeds from the loan will be used to retroactively finance two completed, operational warehouse assets with a total GLA of ca. 36k sqm in Vilnius, Lithuania, thus supporting the development of A-class sustainable real estate in the country. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52814XI-IATI-EBRD-53754European Bank for Reconstruction and DevelopmentParticipation in sustainability-linked bond ("SLB") issued by Meritus Ulaganja d.d. ("Issuer"), Croatia, for the financing of general corporate purposes including further expansion through acquisitions. The Project supports local capital market development as well as further growth and competitiveness of the M+ Group.European Bank for Reconstruction and DevelopmentBOSQAR DDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGZAGREB45.81444 15.9779810000000BOSQAR DDPRIVATEPRIVATEPRIVATEParticipation in sustainability-linked bond ("SLB") issued by Meritus Ulaganja d.d. ("Issuer"), Croatia, for the financing of general corporate purposes including further expansion through acquisitions. The Project supports local capital market development as well as further growth and competitiveness of the M+ Group. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53754XI-IATI-EBRD-53435European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to USD 10m under the SME Competitiveness Programme in Eastern Partnership ("EaP SMEC") established by the European Bank for Reconstruction and Development ("EBRD") in cooperation with the European Union ("EU") to be on-lent to eligible micro, small and medium sized enterprises ("MSMEs") to support their investments in sustainable technologies as well as health and safety measures. At least 70 per cent of all financed sub-loans are expected to be compliant with EBRD Green Economy Transition ("GET") approach. In addition to long-term financing, eligible sub-borrowers will benefit from investment incentives upon successful completion of their investment projects. The project will enable ASHB to finance long-term investments of Armenian MSMEs in upgrading their production processes/equipment to achieve compliance with the EU standards, including investments in sustainable and green technologies and thus enhance the competitiveness of Armenian MSMEs in the European and domestic markets.European Bank for Reconstruction and DevelopmentINDUSTRIAL CONSTRUCTION BANK CJSC ARDSHINBANKEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYEREVAN40.18111 44.513619241094.74INDUSTRIAL CONSTRUCTION BANK CJSC ARDSHINBANKPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to USD 10m under the SME Competitiveness Programme in Eastern Partnership ("EaP SMEC") established by the European Bank for Reconstruction and Development ("EBRD") in cooperation with the European Union ("EU") to be on-lent to eligible micro, small and medium sized enterprises ("MSMEs") to support their investments in sustainable technologies as well as health and safety measures. At least 70 per cent of all financed sub-loans are expected to be compliant with EBRD Green Economy Transition ("GET") approach. In addition to long-term financing, eligible sub-borrowers will benefit from investment incentives upon successful completion of their investment projects. The project will enable ASHB to finance long-term investments of Armenian MSMEs in upgrading their production processes/equipment to achieve compliance with the EU standards, including investments in sustainable and green technologies and thus enhance the competitiveness of Armenian MSMEs in the European and domestic markets. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53435XI-IATI-EBRD-54095European Bank for Reconstruction and DevelopmentProvision of a senior loan to Inecobank ("IB") of up to USD 9 million under the SME Competitiveness Programme in Eastern Partnership ("EaP SMEC") established by the European Bank for Reconstruction and Development ("EBRD") in cooperation with the European Union ("EU") to be on-lent to eligible micro, small and medium sized enterprises ("MSMEs") to support their investments in sustainable technologies as well as health and safety measures. At least 70 per cent of all financed sub-loans are expected to be compliant with EBRD Green Economy Transition ("GET") approach. In addition to long-term financing, eligible sub-borrowers will benefit from investment incentives upon successful completion of their investment projects. The project will enable IB to finance long-term investments of Armenian MSMEs in upgrading their production processes/equipment to achieve compliance with the EU standards, including investments in sustainable and green technologies and thus enhance the competitiveness of Armenian MSMEs in the European and domestic markets.European Bank for Reconstruction and DevelopmentINECOBANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYEREVAN40.18111 44.513617955216.82INECOBANK CJSCPRIVATEPRIVATEPRIVATEProvision of a senior loan to Inecobank ("IB") of up to USD 9 million under the SME Competitiveness Programme in Eastern Partnership ("EaP SMEC") established by the European Bank for Reconstruction and Development ("EBRD") in cooperation with the European Union ("EU") to be on-lent to eligible micro, small and medium sized enterprises ("MSMEs") to support their investments in sustainable technologies as well as health and safety measures. At least 70 per cent of all financed sub-loans are expected to be compliant with EBRD Green Economy Transition ("GET") approach. In addition to long-term financing, eligible sub-borrowers will benefit from investment incentives upon successful completion of their investment projects. The project will enable IB to finance long-term investments of Armenian MSMEs in upgrading their production processes/equipment to achieve compliance with the EU standards, including investments in sustainable and green technologies and thus enhance the competitiveness of Armenian MSMEs in the European and domestic markets. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54095XI-IATI-EBRD-55493European Bank for Reconstruction and DevelopmentProvision of long-term senior loan of up to $95 million for the development, construction and operation of a solar photovoltaic power plant with an installed capacity of 445 MW on a site located in Bilasuvar region in eastern Azerbaijan (the Project). The Project will be developed by a newly established special purpose vehicle in Azerbaijan, which will act as the borrower for the project. Abu Dhabi Future Energy Company PJSC (Masdar) will act as the sponsor for the project. The Project will add 445 MW of solar photovoltaic power generation capacity to the Azerbaijani power system. This would help substitute natural gas-based power plants and help the Government of Azerbaijan in meeting the renewable energy targets set in line with the country's commitments under the Paris Agreement. The Project will also result in strong environmental benefits with estimated annual CO2 emissions savings of up to 442,000 tonnes. This will assist the country in its low-carbon transition, reducing its current high reliance on thermal power generation.European Bank for Reconstruction and DevelopmentBILASUVAR SOLAR SPV LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBAKU40.37767 49.8920132725199.5682472158.81BILASUVAR SOLAR SPV LLCPRIVATEPRIVATEPRIVATEProvision of long-term senior loan of up to $95 million for the development, construction and operation of a solar photovoltaic power plant with an installed capacity of 445 MW on a site located in Bilasuvar region in eastern Azerbaijan (the Project). The Project will be developed by a newly established special purpose vehicle in Azerbaijan, which will act as the borrower for the project. Abu Dhabi Future Energy Company PJSC (Masdar) will act as the sponsor for the project. The Project will add 445 MW of solar photovoltaic power generation capacity to the Azerbaijani power system. This would help substitute natural gas-based power plants and help the Government of Azerbaijan in meeting the renewable energy targets set in line with the country's commitments under the Paris Agreement. The Project will also result in strong environmental benefits with estimated annual CO2 emissions savings of up to 442,000 tonnes. This will assist the country in its low-carbon transition, reducing its current high reliance on thermal power generation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55493XI-IATI-EBRD-55729European Bank for Reconstruction and DevelopmentAn EBRD investment of up to EUR 25m as a top-up tranche to a EUR 140 million senior unsecured Schuldschein Darlehen ("SSD") issued by Quadient in April 2024. The EBRD investment is aimed at financing R&D programs in Quadient's largest R&D hub located in Czechia, which drive the development of the Group's digital products.European Bank for Reconstruction and DevelopmentQUADIENT SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRAGUE50.08804 14.4207625000000QUADIENT SAPRIVATEPRIVATEPRIVATEAn EBRD investment of up to EUR 25m as a top-up tranche to a EUR 140 million senior unsecured Schuldschein Darlehen ("SSD") issued by Quadient in April 2024. The EBRD investment is aimed at financing R&D programs in Quadient's largest R&D hub located in Czechia, which drive the development of the Group's digital products. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55729XI-IATI-EBRD-51493European Bank for Reconstruction and DevelopmentThe provision of a sovereign loan of up to € 2.94 million to the Republic of Belarus for the benefit of Soligorskvodokanal (the "Company") to finance the rehabilitation and reconstruction of wastewater treatment infrastructure in Lyuban (the "Project"). This is one out of seven subprojects under the Belarus Water Sector Framework, 3rd phase. Other subprojects are in Kletsk, Fanipol, Baranovichi, Bereza, Zhlobin, Shklov. The Project aims to enhance wastewater treatment quality to ensure compliance with the national and EU/HELCOM standards/recommendations for effluent quality treatment and reduction of air, soil, water pollution. The Project will facilitate the advancement of water and wastewater sector reform and improvement of the Company's operational and financial performance and capacity.European Bank for Reconstruction and DevelopmentBELARUS SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGMINSK53.9 27.566672970000BELARUS SOVEREIGN29700BELARUS SOVEREIGNSTATESTATESTATESTATEThe provision of a sovereign loan of up to € 2.94 million to the Republic of Belarus for the benefit of Soligorskvodokanal (the "Company") to finance the rehabilitation and reconstruction of wastewater treatment infrastructure in Lyuban (the "Project"). This is one out of seven subprojects under the Belarus Water Sector Framework, 3rd phase. Other subprojects are in Kletsk, Fanipol, Baranovichi, Bereza, Zhlobin, Shklov. The Project aims to enhance wastewater treatment quality to ensure compliance with the national and EU/HELCOM standards/recommendations for effluent quality treatment and reduction of air, soil, water pollution. The Project will facilitate the advancement of water and wastewater sector reform and improvement of the Company's operational and financial performance and capacity. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51493XI-IATI-EBRD-50955European Bank for Reconstruction and DevelopmentThe loan proceeds, blended with investment grants from Operational Programme Environment 2014 - 2020 ("OPE"), will finance investments targeting rehabilitation of over 54 km of water distribution pipes and 26 km of sewerage network, acquisition of new equipment for a sewage pumping station and construction of 15 new water metering shafts, 5 pressure-reducing valves chambers and two storage sites for sludge, etc. In addition, complementary performance-enhancing measures are foreseen (e.g. integration of GIS and enhancing of SCADA systems). The project's main objectives are (i) increasing compliance with the EU directives concerning potable water and waste water treatment in large agglomerations (above 10,000 population equivalent) and (ii) enhancing operational efficiency.European Bank for Reconstruction and DevelopmentWATER SUPPLY AND SEWAGE COMPANY OF THE CITY OF VRATSAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGVRATSA43.21 23.56251350000WATER SUPPLY AND SEWAGE COMPANY OF THE CITY OF VRATSA718832.55WATER SUPPLY AND SEWAGE COMPANY OF THE CITY OF VRATSA313342.73WATER SUPPLY AND SEWAGE COMPANY OF THE CITY OF VRATSA286115.64WATER SUPPLY AND SEWAGE COMPANY OF THE CITY OF VRATSASTATESTATESTATESTATEThe loan proceeds, blended with investment grants from Operational Programme Environment 2014 - 2020 ("OPE"), will finance investments targeting rehabilitation of over 54 km of water distribution pipes and 26 km of sewerage network, acquisition of new equipment for a sewage pumping station and construction of 15 new water metering shafts, 5 pressure-reducing valves chambers and two storage sites for sludge, etc. In addition, complementary performance-enhancing measures are foreseen (e.g. integration of GIS and enhancing of SCADA systems). The project's main objectives are (i) increasing compliance with the EU directives concerning potable water and waste water treatment in large agglomerations (above 10,000 population equivalent) and (ii) enhancing operational efficiency. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50955XI-IATI-EBRD-48811European Bank for Reconstruction and DevelopmentAn equity investment in favour of Black Sea Oil & Gas SRL, a limited liability company incorporated in Romania. The proceeds will fund the development of the Midia Gas Development Project (MGD Project), that comprises the Ana and Doina gas fields located some 120 km offshore Romania in the XV Midia Shallow area. MGD Project consists of 5 production wells (1 subsea well at Doina field and 4 platform wells at Ana field), a subsea gas production system over the Doina well which will be connected through an 18 km pipeline with a new unmanned production platform located over Ana field. A 121 km subsea pipeline will ensure the delivery of the gas from Ana platform to the shore, where a 4.3 km underground pipeline will connect to the new gas treatment plant. The project will support the development of a privately owned offshore gas upstream development project in Romania, and provide assistance to the Romanian government in implementing the country's updated legal and regulatory framework for the offshore oil and gas sector.European Bank for Reconstruction and DevelopmentBLACK SEA OIL AND GAS SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUCHAREST44.43225 26.10626560597.710482629.53BLACK SEA OIL AND GAS SA20689267.14BLACK SEA OIL AND GAS SAPRIVATEPRIVATEPRIVATEAn equity investment in favour of Black Sea Oil & Gas SRL, a limited liability company incorporated in Romania. The proceeds will fund the development of the Midia Gas Development Project (MGD Project), that comprises the Ana and Doina gas fields located some 120 km offshore Romania in the XV Midia Shallow area. MGD Project consists of 5 production wells (1 subsea well at Doina field and 4 platform wells at Ana field), a subsea gas production system over the Doina well which will be connected through an 18 km pipeline with a new unmanned production platform located over Ana field. A 121 km subsea pipeline will ensure the delivery of the gas from Ana platform to the shore, where a 4.3 km underground pipeline will connect to the new gas treatment plant. The project will support the development of a privately owned offshore gas upstream development project in Romania, and provide assistance to the Romanian government in implementing the country's updated legal and regulatory framework for the offshore oil and gas sector. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48811XI-IATI-EBRD-56503European Bank for Reconstruction and DevelopmentThe Project comprises EUR 40 million loan to Kervan Gida Sanayi ve Ticaret A.S. ("Kervan" or the "Company") to finance its capital expenditure plans and working capital needs, as well as to refinance its existing short-term loans. The main objective of the Project is to finance Kervan's various automation, efficiency, and maintenance investment plans for FY25/26, refinance a portion of the Company's existing short-term loans and fund the Company's working capital requirements.European Bank for Reconstruction and DevelopmentKERVAN GIDA SANAYI VE TICARET ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496640572529.11KERVAN GIDA SANAYI VE TICARET ASPRIVATEPRIVATEPRIVATEThe Project comprises EUR 40 million loan to Kervan Gida Sanayi ve Ticaret A.S. ("Kervan" or the "Company") to finance its capital expenditure plans and working capital needs, as well as to refinance its existing short-term loans. The main objective of the Project is to finance Kervan's various automation, efficiency, and maintenance investment plans for FY25/26, refinance a portion of the Company's existing short-term loans and fund the Company's working capital requirements. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56503XI-IATI-EBRD-49825European Bank for Reconstruction and DevelopmentA syndicated A/B loan of up to EUR 97.5 million ("Original Loan") was provided to Istanbul Metropolitan Municipality ("IMM" or the "City") to co-finance the first tranche of the construction of 13 kilometres of the new Umraniye-Atasehir-Goztepe Metro line (the "Project"), including 11 stations in August 2019. Loan extensions totaling EUR 260 million were provided to IMM in October 2022, September 2024 and February 2026 to ensure the completion of the Project. The Project is essential for further expansion of public transport infrastructure in Istanbul and will connect Umraniye, Atasehir and Kadikoy districts of the Asian side of Istanbul. It will also link up the underground Marmaray commuter rail line and the Kadikoy-Kartal and Uskudar-Sancaktepe metro lines. The new line will provide safer and more reliable transport services for 350,000 passengers daily. The Project is also expected to significantly reduce high traffic congestion and noise pollution. It will also help achieve a shift to a more environmentally friendly transport in Turkiye's largest city.European Bank for Reconstruction and DevelopmentMUNICIPALITY OF ISTANBULEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496677500000MUNICIPALITY OF ISTANBUL15500000MUNICIPALITY OF ISTANBUL15500000MUNICIPALITY OF ISTANBUL17725641.03MUNICIPALITY OF ISTANBUL17725641.03MUNICIPALITY OF ISTANBUL11048717.94MUNICIPALITY OF ISTANBULSTATESTATESTATESTATEA syndicated A/B loan of up to EUR 97.5 million ("Original Loan") was provided to Istanbul Metropolitan Municipality ("IMM" or the "City") to co-finance the first tranche of the construction of 13 kilometres of the new Umraniye-Atasehir-Goztepe Metro line (the "Project"), including 11 stations in August 2019. Loan extensions totaling EUR 260 million were provided to IMM in October 2022, September 2024 and February 2026 to ensure the completion of the Project. The Project is essential for further expansion of public transport infrastructure in Istanbul and will connect Umraniye, Atasehir and Kadikoy districts of the Asian side of Istanbul. It will also link up the underground Marmaray commuter rail line and the Kadikoy-Kartal and Uskudar-Sancaktepe metro lines. The new line will provide safer and more reliable transport services for 350,000 passengers daily. The Project is also expected to significantly reduce high traffic congestion and noise pollution. It will also help achieve a shift to a more environmentally friendly transport in Turkiye's largest city. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49825XI-IATI-EBRD-56329European Bank for Reconstruction and DevelopmentA senior unsecured loan to Türkiye Sinai Kalkinma Bankasi A.S. ("TSKB") in the amount of EUR 75 million for on lending to companies that promote inclusive policies and practices. At least 15% of the loan will be allocated to "youth-inclusive" companies that implement policies and practices to support youth employment. In addition, at least 15% of the loan will be allocated to companies operating/investing in the earthquake-affected regions. The remaining portion will be allocated to "women-inclusive" companies, which implement inclusive policies and practices to support women employment and leadership. The loan will be the first cooperation between EBRD and TSKB on inclusive finance area, combining multiple elements, namely: women-inclusive financing under TSKB's established and proven framework, a pioneering youth employment focus, and targeted financing for the earthquake-affected regions to support the preservation and rebuilding of livelihoods, jobs, and human capital in the region.European Bank for Reconstruction and DevelopmentTURKIYE SINAI KALKINMA BANKASI ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496675000000TURKIYE SINAI KALKINMA BANKASI ASPRIVATEPRIVATEPRIVATEA senior unsecured loan to Türkiye Sinai Kalkinma Bankasi A.S. ("TSKB") in the amount of EUR 75 million for on lending to companies that promote inclusive policies and practices. At least 15% of the loan will be allocated to "youth-inclusive" companies that implement policies and practices to support youth employment. In addition, at least 15% of the loan will be allocated to companies operating/investing in the earthquake-affected regions. The remaining portion will be allocated to "women-inclusive" companies, which implement inclusive policies and practices to support women employment and leadership. The loan will be the first cooperation between EBRD and TSKB on inclusive finance area, combining multiple elements, namely: women-inclusive financing under TSKB's established and proven framework, a pioneering youth employment focus, and targeted financing for the earthquake-affected regions to support the preservation and rebuilding of livelihoods, jobs, and human capital in the region. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56329XI-IATI-EBRD-52666European Bank for Reconstruction and DevelopmentThe provision of €150 million long-term loan consisting of (i) €83 million of Green Facility and (ii) €67 million of Investment Facility, to Arcelik A.S., a Turkish company engaged in production, sales and aftersales services of consumer durable goods and consumer electronics, to finance the company's investment programme that includes (i) green investments under the Company's Green Financing Framework , (ii) new production line and (iii) other modernisation and health and safety investments at the company's manufacturing units in Turkey. The proceeds of the financing will be used by the company to support the investment programme at its manufacturing facilities in Turkey over the perios of 3 years. The Green Facility will finance Arcelik's green investments under its GFF across its production facilities in Turkey. The Investment Facility will finance (i) modernisation investments in Eskisehir Refrigerator Plant, (ii) new production line in Eskisehir Refrigerator Plant, (iii) modernisation, health and safety, and other investments in Bolu Cooking Appliances Plant. The Project is in line with the EBRD's Strategy for Turkey as it supports the energy and resource efficiency improvements and supports inclusion priorities. The Project is also aligned with the EBRD's Green Economy Transition Approach given its contribution to climate change mitigation and other environmental goals as well as promotion of international green capital markets standards and novel green financing instruments.European Bank for Reconstruction and DevelopmentARCELIK ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.94966150000000ARCELIK ASPRIVATEPRIVATEPRIVATEThe provision of €150 million long-term loan consisting of (i) €83 million of Green Facility and (ii) €67 million of Investment Facility, to Arcelik A.S., a Turkish company engaged in production, sales and aftersales services of consumer durable goods and consumer electronics, to finance the company's investment programme that includes (i) green investments under the Company's Green Financing Framework , (ii) new production line and (iii) other modernisation and health and safety investments at the company's manufacturing units in Turkey. The proceeds of the financing will be used by the company to support the investment programme at its manufacturing facilities in Turkey over the perios of 3 years. The Green Facility will finance Arcelik's green investments under its GFF across its production facilities in Turkey. The Investment Facility will finance (i) modernisation investments in Eskisehir Refrigerator Plant, (ii) new production line in Eskisehir Refrigerator Plant, (iii) modernisation, health and safety, and other investments in Bolu Cooking Appliances Plant. The Project is in line with the EBRD's Strategy for Turkey as it supports the energy and resource efficiency improvements and supports inclusion priorities. The Project is also aligned with the EBRD's Green Economy Transition Approach given its contribution to climate change mitigation and other environmental goals as well as promotion of international green capital markets standards and novel green financing instruments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52666XI-IATI-EBRD-55988European Bank for Reconstruction and DevelopmentSenior unsecured loan of up to USD 150 million equivalent in TRY (the "Loan") to Enerjisa Enerji A.S. (the "Enerjisa Enerji" or the "Company"). Enerjisa Enerji is an existing client of the Bank, operating electricity distribution and electricity retail business in Türkiye, serving a quarter of Türkiye's population. Enerjisa Enerji operates as a JV between Sabanci Holding and E.ON, with each holding 40%. The remaining 20% is free float on Borsa Istanbul. The proceeds of the Loan will be used to finance (i) the modernization and reconstruction of the electricity network in the Toroslar Region, affected by the destructive earthquakes of 6 February 2023, amounting to USD 125 million equivalent in TRY, and (ii) the development and construction of solar power plants of up to 35MW installed capacity by Enerjisa Customer Solutions, 100% owned by Enerjisa Enerji, amounting to USD 25m equivalent in TRY (the "Project").European Bank for Reconstruction and DevelopmentENERJISA ENERJI ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANKARA39.91987 32.85427119171406.37ENERJISA ENERJI ASPRIVATEPRIVATEPRIVATESenior unsecured loan of up to USD 150 million equivalent in TRY (the "Loan") to Enerjisa Enerji A.S. (the "Enerjisa Enerji" or the "Company"). Enerjisa Enerji is an existing client of the Bank, operating electricity distribution and electricity retail business in Türkiye, serving a quarter of Türkiye's population. Enerjisa Enerji operates as a JV between Sabanci Holding and E.ON, with each holding 40%. The remaining 20% is free float on Borsa Istanbul. The proceeds of the Loan will be used to finance (i) the modernization and reconstruction of the electricity network in the Toroslar Region, affected by the destructive earthquakes of 6 February 2023, amounting to USD 125 million equivalent in TRY, and (ii) the development and construction of solar power plants of up to 35MW installed capacity by Enerjisa Customer Solutions, 100% owned by Enerjisa Enerji, amounting to USD 25m equivalent in TRY (the "Project"). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55988XI-IATI-EBRD-51664European Bank for Reconstruction and DevelopmentProvision of a senior debt financing of up to USD 36 million, in addition to an equity bridge loan of up to USD 14 million, to finance the construction and development of a 200 MW solar PV project located in Kom Ombo, Egypt. The Project will be one of the largest privately developed utility scale solar plants in Egypt and will support the country in increasing its renewable energy capacity. This project was originally approved by Board in November 2020 and signed in April 2021. Project cost has increased since signing from USD 157 million to USD 173 million, while EBRD financing amounts have not changed. The Project will further promote private sector participation in the Egyptian power sector and increase the share of renewable energy in the energy mix in line with the nationally declared targets. The Project is expected to further improve the environmental characteristics of Egypt's power sector by reducing emissions of local pollutants and CO2, as well as water consumption.European Bank for Reconstruction and DevelopmentACWA POWER KOM OMBO FOR ENERGY SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.24967368567.831520625.05ACWA POWER KOM OMBO FOR ENERGY SAEPRIVATEPRIVATEPRIVATEProvision of a senior debt financing of up to USD 36 million, in addition to an equity bridge loan of up to USD 14 million, to finance the construction and development of a 200 MW solar PV project located in Kom Ombo, Egypt. The Project will be one of the largest privately developed utility scale solar plants in Egypt and will support the country in increasing its renewable energy capacity. This project was originally approved by Board in November 2020 and signed in April 2021. Project cost has increased since signing from USD 157 million to USD 173 million, while EBRD financing amounts have not changed. The Project will further promote private sector participation in the Egyptian power sector and increase the share of renewable energy in the energy mix in line with the nationally declared targets. The Project is expected to further improve the environmental characteristics of Egypt's power sector by reducing emissions of local pollutants and CO2, as well as water consumption. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51664XI-IATI-EBRD-54063European Bank for Reconstruction and DevelopmentFood Security Guarantee (FSG, the Facility) in the form of an unfunded risk-sharing instrument covering up to 50 per cent of credit risk in newly originated sub-leases with the total value of € 80 million equivalent to be originated by OTP Leasing subject to total 50 per cent portfolio cap. The facility will be used to support lending to the Ukrainian private companies operating in the primary and secondary agriculture and other critical industries (such as pharmaceuticals, food retail, transportation and logistics), with the ultimate goal of preserving livelihoods in the country.European Bank for Reconstruction and DevelopmentOTP LEASING LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.523820000000OTP LEASING LLCPRIVATEPRIVATEPRIVATEFood Security Guarantee (FSG, the Facility) in the form of an unfunded risk-sharing instrument covering up to 50 per cent of credit risk in newly originated sub-leases with the total value of € 80 million equivalent to be originated by OTP Leasing subject to total 50 per cent portfolio cap. The facility will be used to support lending to the Ukrainian private companies operating in the primary and secondary agriculture and other critical industries (such as pharmaceuticals, food retail, transportation and logistics), with the ultimate goal of preserving livelihoods in the country. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54063XI-IATI-EBRD-48365European Bank for Reconstruction and DevelopmentThe EBRD is supporting the financing of a project aimed at the modernisation and upgrade of three border control points along the border between the Republic of Armenia and Georgia. A loan agreement for the financing of Bagratashen bridge on the Armenian-Georgian border crossing was signed on 23 November 2012 in the amount of EUR 10.3 million between EBRD and the Republic of Armenia. Following the request of the Government of Georgia to co-finance the construction of the Sadakhlo-Bagratashen bridge, the "Agreement on the construction of a new bridge over river Debeda at the Sadakhlo-Bagratashen border crossing points on the state border of Georgia and the Republic of Armenia" was signed between the Government of Georgia and the Government of the Republic of Armenia on 24 December 2014. As a result, the provision of a sovereign loan to Georgia, to co-finance the construction of the Sadakhlo-Bagratashen border crossing bridge. The Project Summary Document was originally disclosed (under the Armenia Northern Corridor Modernisation Project) on 22 March 2012. The proceeds of the EBRD loan will finance the construction of a new bridge at the Sadakhlo-Bagratashen border crossing between the Republic of Armenia and Georgia as well as related supervision services. The border control points at Bagratashen, Bavra and Gogavan are key infrastructure priorities as identified under Armenia's Integrated Border Management Plan. Efficient border crossing facilities is also a priority for the Government of Georgia. The current poor quality of transport access infrastructure as well as of the existing facilities at the borders are a cause for significant bottlenecks in terms of regional traffic flows.European Bank for Reconstruction and DevelopmentGEORGIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTBILISI41.69411 44.833685000000GEORGIA SOVEREIGN50000GEORGIA SOVEREIGN95915.1GEORGIA SOVEREIGN58664.53GEORGIA SOVEREIGN105500.94GEORGIA SOVEREIGN98466.08GEORGIA SOVEREIGN80636.71GEORGIA SOVEREIGN129802.94GEORGIA SOVEREIGN60720.69GEORGIA SOVEREIGN78616.17GEORGIA SOVEREIGN374877.9GEORGIA SOVEREIGN158849.06GEORGIA SOVEREIGN149017.18GEORGIA SOVEREIGN123164.16GEORGIA SOVEREIGN162826.08GEORGIA SOVEREIGN321480.32GEORGIA SOVEREIGN200163.15GEORGIA SOVEREIGN333466.68GEORGIA SOVEREIGN326839.81GEORGIA SOVEREIGN75470.84GEORGIA SOVEREIGN180598.8GEORGIA SOVEREIGN168054.53GEORGIA SOVEREIGN16327.36GEORGIA SOVEREIGNSTATESTATESTATESTATEThe EBRD is supporting the financing of a project aimed at the modernisation and upgrade of three border control points along the border between the Republic of Armenia and Georgia. A loan agreement for the financing of Bagratashen bridge on the Armenian-Georgian border crossing was signed on 23 November 2012 in the amount of EUR 10.3 million between EBRD and the Republic of Armenia. Following the request of the Government of Georgia to co-finance the construction of the Sadakhlo-Bagratashen bridge, the "Agreement on the construction of a new bridge over river Debeda at the Sadakhlo-Bagratashen border crossing points on the state border of Georgia and the Republic of Armenia" was signed between the Government of Georgia and the Government of the Republic of Armenia on 24 December 2014. As a result, the provision of a sovereign loan to Georgia, to co-finance the construction of the Sadakhlo-Bagratashen border crossing bridge. The Project Summary Document was originally disclosed (under the Armenia Northern Corridor Modernisation Project) on 22 March 2012. The proceeds of the EBRD loan will finance the construction of a new bridge at the Sadakhlo-Bagratashen border crossing between the Republic of Armenia and Georgia as well as related supervision services. The border control points at Bagratashen, Bavra and Gogavan are key infrastructure priorities as identified under Armenia's Integrated Border Management Plan. Efficient border crossing facilities is also a priority for the Government of Georgia. The current poor quality of transport access infrastructure as well as of the existing facilities at the borders are a cause for significant bottlenecks in terms of regional traffic flows. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48365XI-IATI-EBRD-56293European Bank for Reconstruction and DevelopmentA senior unsecured synthetic AZN loan, denominated in USD, of up to USD 10 million, to be provided under the Financial Intermediaries Framework ("FIF") in a single tranche, for on-lending to private MSME clients of BR operating in Azerbaijan. Pursuant to the FIF objectives, the proposed sub-operation will provide medium-term local currency funding to private MSMEs in Azerbaijan, with a specific emphasis on rural areas. In line with EFSD+ requirements, at least 65% of the sub-borrowers will operate outside of the capital.European Bank for Reconstruction and DevelopmentBANK RESPUBLIKA OJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBAKU40.37767 49.892018754267.71BANK RESPUBLIKA OJSCPRIVATEPRIVATEPRIVATEA senior unsecured synthetic AZN loan, denominated in USD, of up to USD 10 million, to be provided under the Financial Intermediaries Framework ("FIF") in a single tranche, for on-lending to private MSME clients of BR operating in Azerbaijan. Pursuant to the FIF objectives, the proposed sub-operation will provide medium-term local currency funding to private MSMEs in Azerbaijan, with a specific emphasis on rural areas. In line with EFSD+ requirements, at least 65% of the sub-borrowers will operate outside of the capital. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56293XI-IATI-EBRD-55330European Bank for Reconstruction and DevelopmentA senior unsecured loan to ArmSwissBank ("ASB") of up to USD 5m under the Financial Intermediaries Framework ("FIF") for on-lending to private micro, small and medium enterprises ("MSMEs") in Armenia. The project will improve access to finance for MSMEs, which are the main source of employment in the private sector and a major contributor to the economy in Armenia. The loan will enable ASB to increase outreach and meet unsatisfied demand for longer term funding from MSMEs. The focus will also be on lending in the regions outside the capital and attracting new MSME clients.European Bank for Reconstruction and DevelopmentARMSWISSBANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYEREVAN40.18111 44.513614515944.97ARMSWISSBANK CJSCPRIVATEPRIVATEPRIVATEA senior unsecured loan to ArmSwissBank ("ASB") of up to USD 5m under the Financial Intermediaries Framework ("FIF") for on-lending to private micro, small and medium enterprises ("MSMEs") in Armenia. The project will improve access to finance for MSMEs, which are the main source of employment in the private sector and a major contributor to the economy in Armenia. The loan will enable ASB to increase outreach and meet unsatisfied demand for longer term funding from MSMEs. The focus will also be on lending in the regions outside the capital and attracting new MSME clients. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55330XI-IATI-EBRD-53554European Bank for Reconstruction and DevelopmentEquity investment EUR 6m into ordinary shares of European Metals Holdings Ltd (EMH), an Australia-based junior mining company focused on the development of the Cinovec lithium-tin deposit in exchange for a ca. 6.0% stake. The company owns 49% of the Cinovec project, one of the biggest hard-rock lithium deposit in Europe and one of the largest undeveloped tin resources in the world. The proceeds will be used to assist in funding the completion of pre-development works and studies for the Cinovec project to move the site towards full-scale production and working capital expenditures for the period up to the completion of the DFS.European Bank for Reconstruction and DevelopmentEUROPEAN METALS HOLDINGS LIMITEDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRAGUE50.08804 14.4207678780.586078780.59EUROPEAN METALS HOLDINGS LIMITEDPRIVATEPRIVATEPRIVATEEquity investment EUR 6m into ordinary shares of European Metals Holdings Ltd (EMH), an Australia-based junior mining company focused on the development of the Cinovec lithium-tin deposit in exchange for a ca. 6.0% stake. The company owns 49% of the Cinovec project, one of the biggest hard-rock lithium deposit in Europe and one of the largest undeveloped tin resources in the world. The proceeds will be used to assist in funding the completion of pre-development works and studies for the Cinovec project to move the site towards full-scale production and working capital expenditures for the period up to the completion of the DFS. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53554XI-IATI-EBRD-52526European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to EUR 2.5m to Procredit Bank Macedonia ("PCBM"), the 6th largest bank in North Macedonia, under the Regional SME Competitiveness Support Programme ("Regional SME-CSP"). The loan will support investments in SMEs to upgrade production facilities and comply with EU Directives in the field of environmental protection, workers' safety and product quality and safety. The project will support investments in SMEs to upgrade production facilities and comply with EU Directives in environmental protection, workers' safety and product quality and safety. The investments will be selected based on the technical and financial eligibility criteria set forth in the Policy Statement. Support to the SMEs is tailored as a combination of access to finance with TC and non-TC assistance. At least 60% of the use of proceeds will be related to Green Economy Transition ("GET") investments.European Bank for Reconstruction and DevelopmentPROCREDIT BANK ADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.431412500000PROCREDIT BANK ADPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to EUR 2.5m to Procredit Bank Macedonia ("PCBM"), the 6th largest bank in North Macedonia, under the Regional SME Competitiveness Support Programme ("Regional SME-CSP"). The loan will support investments in SMEs to upgrade production facilities and comply with EU Directives in the field of environmental protection, workers' safety and product quality and safety. The project will support investments in SMEs to upgrade production facilities and comply with EU Directives in environmental protection, workers' safety and product quality and safety. The investments will be selected based on the technical and financial eligibility criteria set forth in the Policy Statement. Support to the SMEs is tailored as a combination of access to finance with TC and non-TC assistance. At least 60% of the use of proceeds will be related to Green Economy Transition ("GET") investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52526XI-IATI-EBRD-52806European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan to QNB ALAHLI SAE ("QNB ALAHLI") of up to USD 50 million under the regional GCF GEFF programme, of which up to USD 7.5 million is expected to be co-financed by the Green Climate Fund ("GCF"). The EBRD loan will enable QNB ALAHLI to (i) support on-lending to private sub-borrowers for green, energy efficiency and renewable energy projects, which are of particular relevance in the context of the high energy intensity of Egypt's economy, and (ii) to support high performance technologies and services supporting a green economy. Sub-borrowers include micro, small and medium-sized enterporises (MSMEs) and individual households that operate across the residential, agribusiness, industrial, commercial and service sectors.European Bank for Reconstruction and DevelopmentQATAR NATIONAL BANK SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496737205637.73QATAR NATIONAL BANK SAEPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan to QNB ALAHLI SAE ("QNB ALAHLI") of up to USD 50 million under the regional GCF GEFF programme, of which up to USD 7.5 million is expected to be co-financed by the Green Climate Fund ("GCF"). The EBRD loan will enable QNB ALAHLI to (i) support on-lending to private sub-borrowers for green, energy efficiency and renewable energy projects, which are of particular relevance in the context of the high energy intensity of Egypt's economy, and (ii) to support high performance technologies and services supporting a green economy. Sub-borrowers include micro, small and medium-sized enterporises (MSMEs) and individual households that operate across the residential, agribusiness, industrial, commercial and service sectors. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52806XI-IATI-EBRD-50333European Bank for Reconstruction and DevelopmentA senior loan of up to EUR 15 million to Intesa Sanpaolo Banka d.d. BiH ('ISP BiH') for on-lending to eligible private individuals for housing purposes. The proceeds of the loan will be used by ISP BiH to provide long-term financing for residential mortgage lending in Bosnia and Herzegovina.European Bank for Reconstruction and DevelopmentINTESA SANPAOLO BANKA DD BOSNIA AND HERZEGOVINAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.3564415000000INTESA SANPAOLO BANKA DD BOSNIA AND HERZEGOVINAPRIVATEPRIVATEPRIVATEA senior loan of up to EUR 15 million to Intesa Sanpaolo Banka d.d. BiH ('ISP BiH') for on-lending to eligible private individuals for housing purposes. The proceeds of the loan will be used by ISP BiH to provide long-term financing for residential mortgage lending in Bosnia and Herzegovina. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50333XI-IATI-EBRD-55369European Bank for Reconstruction and DevelopmentA senior secured loan of up to EUR 19,600,000 to Aurochs Investments, UAB, a limited liability company incorporated in Lithuania (the "Borrower"). The loan will be used for the construction of Jasinskio 2, a sustainable office building of 7,300 sqm net leasable area in a prime location in the centre of Vilnius, Lithuania (the "Project"). The Project is developed and managed by EIKA Development, UAB (the "Developer"), a limited liability company incorporated in Lithuania and the real estate services arm of EIKA Group, one of the largest real estate development and construction groups in Lithuania. The Project will lead to the construction of a highly sustainable building, going beyond prevailing standards in the Baltic states, and will contribute to urban regeneration through the transformation of an abandoned site into a green, high-quality urban location.European Bank for Reconstruction and DevelopmentAUROCHS INVESTMENTS UABEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGVILNIUS54.68916 25.279818000000AUROCHS INVESTMENTS UABPRIVATEPRIVATEPRIVATEA senior secured loan of up to EUR 19,600,000 to Aurochs Investments, UAB, a limited liability company incorporated in Lithuania (the "Borrower"). The loan will be used for the construction of Jasinskio 2, a sustainable office building of 7,300 sqm net leasable area in a prime location in the centre of Vilnius, Lithuania (the "Project"). The Project is developed and managed by EIKA Development, UAB (the "Developer"), a limited liability company incorporated in Lithuania and the real estate services arm of EIKA Group, one of the largest real estate development and construction groups in Lithuania. The Project will lead to the construction of a highly sustainable building, going beyond prevailing standards in the Baltic states, and will contribute to urban regeneration through the transformation of an abandoned site into a green, high-quality urban location. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55369XI-IATI-EBRD-54931European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan to Housing Bank for Trade and Finance ("HBTF") under the GCF-GEFF Jordan Programme of up to USD 15 million, of which up to USD 11.25 million is expected to be provided by EBRD; and up to USD 3.75 million is expected to be co-financed by Green Climate Fund ("GCF"). Envisaged tenor for the facility is 5 years including 2 years grace period for principal repayment. The EBRD loan will enable Housing Bank for Trade and Finance to support on-lending to eligible private sector sub-borrowers for investments in high performance technologies and services in a gender-responsive manner supporting green economy transition. Also, HBTF will commit to develop a transition plan, as defined in the EBRD's Paris alignment methodology for indirect finance, as well as improve their ESG practices and prepare for upcoming climate related requirements.European Bank for Reconstruction and DevelopmentHOUSING BANK FOR TRADE AND FINANCEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGAMMAN31.95522 35.945039848551.17HOUSING BANK FOR TRADE AND FINANCEPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan to Housing Bank for Trade and Finance ("HBTF") under the GCF-GEFF Jordan Programme of up to USD 15 million, of which up to USD 11.25 million is expected to be provided by EBRD; and up to USD 3.75 million is expected to be co-financed by Green Climate Fund ("GCF"). Envisaged tenor for the facility is 5 years including 2 years grace period for principal repayment. The EBRD loan will enable Housing Bank for Trade and Finance to support on-lending to eligible private sector sub-borrowers for investments in high performance technologies and services in a gender-responsive manner supporting green economy transition. Also, HBTF will commit to develop a transition plan, as defined in the EBRD's Paris alignment methodology for indirect finance, as well as improve their ESG practices and prepare for upcoming climate related requirements. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54931XI-IATI-EBRD-54158European Bank for Reconstruction and DevelopmentProvision of a senior loan of up to MAD 130 million (equivalent to EUR 12 million) to Guelmim-Oued Noun Region (the "Region" or the "Client") to finance investments aimed to improve drinking water supply for households in rural areas in the province of Guelmim and to upgrade four existing Waste Water Treatment Plants ("WWTPs"), enabling the reuse of treated water for watering green spaces in the Region (collectively the "Project"). The Bank's loan will be supplemented by an investment grant of USD 1 million from the Global Environment Facility ("GEF") under the Financing Advanced Environmental Technologies in the Mediterranean Sea Region for Water Systems and Clean Coasts ("ENVITECC") Programme for the upgrade of four existing WWTPs. The Bank's loan benefits from first-loss risk cover from the European Fund for Sustainable Development ("EFSD"). The Project's objectives are to reduce climate impacts, guarantee water security and promote circular economy as an effective framework for sustainable water management. The Project will address regional disparities in human capital development by increasing access to water and wastewater services to households living in the Region. The transaction will also support the Region through Technical Cooperation ("TC") to develop an Operational Performance Improvement Plan ("OPIP"). The OPIP will cover the development of (i) a sustainable Operation & Maintenance ("O&M") governance framework for rural water supply that will professionalise rural service delivery and improve service quality as well as (ii) a practical management and governance model for the use of recycled water that will ensure investment sustainability.European Bank for Reconstruction and DevelopmentREGION OF GUELMIM-OUED NOUNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGGUELMIM28.98696 -10.0573810195807.1612126574.95REGION OF GUELMIM-OUED NOUN60632.87REGION OF GUELMIM-OUED NOUN950570.68REGION OF GUELMIM-OUED NOUN919564.24REGION OF GUELMIM-OUED NOUNSTATESTATESTATESTATEProvision of a senior loan of up to MAD 130 million (equivalent to EUR 12 million) to Guelmim-Oued Noun Region (the "Region" or the "Client") to finance investments aimed to improve drinking water supply for households in rural areas in the province of Guelmim and to upgrade four existing Waste Water Treatment Plants ("WWTPs"), enabling the reuse of treated water for watering green spaces in the Region (collectively the "Project"). The Bank's loan will be supplemented by an investment grant of USD 1 million from the Global Environment Facility ("GEF") under the Financing Advanced Environmental Technologies in the Mediterranean Sea Region for Water Systems and Clean Coasts ("ENVITECC") Programme for the upgrade of four existing WWTPs. The Bank's loan benefits from first-loss risk cover from the European Fund for Sustainable Development ("EFSD"). The Project's objectives are to reduce climate impacts, guarantee water security and promote circular economy as an effective framework for sustainable water management. The Project will address regional disparities in human capital development by increasing access to water and wastewater services to households living in the Region. The transaction will also support the Region through Technical Cooperation ("TC") to develop an Operational Performance Improvement Plan ("OPIP"). The OPIP will cover the development of (i) a sustainable Operation & Maintenance ("O&M") governance framework for rural water supply that will professionalise rural service delivery and improve service quality as well as (ii) a practical management and governance model for the use of recycled water that will ensure investment sustainability. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54158XI-IATI-EBRD-52863European Bank for Reconstruction and DevelopmentEBRD invested EUR 20 million as part of a EUR 300 million Eurobond issuance by Akropolis Group, UAB ("Akropolis", the "issuer" or the "Group"). Akropolis is the leading owner, developer and operator of retail and entertainment centres in the Baltic states. The bond has a maturity of 5 years and is listed on the Euronext Dublin and NASDAQ Vilnius stock exchanges. The proceeds from the Bank's investment will be used to refinance the issuer's existing debt and finance expansion.European Bank for Reconstruction and DevelopmentAKROPOLIS GROUP UABEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGVILNIUS54.68916 25.2798RIGA56.946 24.1058925000000AKROPOLIS GROUP UABPRIVATEPRIVATEPRIVATEEBRD invested EUR 20 million as part of a EUR 300 million Eurobond issuance by Akropolis Group, UAB ("Akropolis", the "issuer" or the "Group"). Akropolis is the leading owner, developer and operator of retail and entertainment centres in the Baltic states. The bond has a maturity of 5 years and is listed on the Euronext Dublin and NASDAQ Vilnius stock exchanges. The proceeds from the Bank's investment will be used to refinance the issuer's existing debt and finance expansion. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52863XI-IATI-EBRD-54506European Bank for Reconstruction and DevelopmentProvision of a senior loan in the amount of up to EUR 30 million, under the Financial Intermediaries Framework SME ("FIF" or the "Programme"), to Unicredit Leasing Serbia ("UCL"). The loan will be fully guaranteed by Unicredit Bank Serbia ("UCB"). The proceeds of the Bank's investment will be used for providing leases to small and medium-sized enterprises (SMEs) in Serbia, in accordance with the FIF-SME Policy Statement. At least 30% of the investments will be in line with the Green Economy Transition ("GET") criteria.European Bank for Reconstruction and DevelopmentUNICREDIT LEASING SERBIA DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651330000000UNICREDIT LEASING SERBIA DOOPRIVATEPRIVATEPRIVATEProvision of a senior loan in the amount of up to EUR 30 million, under the Financial Intermediaries Framework SME ("FIF" or the "Programme"), to Unicredit Leasing Serbia ("UCL"). The loan will be fully guaranteed by Unicredit Bank Serbia ("UCB"). The proceeds of the Bank's investment will be used for providing leases to small and medium-sized enterprises (SMEs) in Serbia, in accordance with the FIF-SME Policy Statement. At least 30% of the investments will be in line with the Green Economy Transition ("GET") criteria. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54506XI-IATI-EBRD-47341European Bank for Reconstruction and DevelopmentThe EBRD is financing a package of up to USD 140 million to QNB ALAHLI. The facility will comprise (i) a senior loan for on-lending to private small and medium enterprises (''SMEs'') for up to USD 100 million; and (ii) up to USD 40 million trade finance limit for guarantees and cash advances. Null ValueEuropean Bank for Reconstruction and DevelopmentQATAR NATIONAL BANK SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496714325869.86451598322.88QATAR NATIONAL BANK SAEPRIVATEPRIVATEPRIVATEThe EBRD is financing a package of up to USD 140 million to QNB ALAHLI. The facility will comprise (i) a senior loan for on-lending to private small and medium enterprises (''SMEs'') for up to USD 100 million; and (ii) up to USD 40 million trade finance limit for guarantees and cash advances. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47341XI-IATI-EBRD-55670European Bank for Reconstruction and DevelopmentSenior loan of up to EUR 70 million to UniCredit Leasing Corporation IFN S.A. (UCL) under the Financial Intermediary Framework. The proceeds of the Bank's investment will be used for providing leases to small and medium-sized enterprises (SMEs) in Romania, in accordance with the FIF-SME Policy Statement. At least 40% of the investments will be in line with the Green Economy Transition ("GET") criteria.European Bank for Reconstruction and DevelopmentUNICREDIT LEASING CORPORATION IFN SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUCHAREST44.43225 26.1062670000000UNICREDIT LEASING CORPORATION IFN SAPRIVATEPRIVATEPRIVATESenior loan of up to EUR 70 million to UniCredit Leasing Corporation IFN S.A. (UCL) under the Financial Intermediary Framework. The proceeds of the Bank's investment will be used for providing leases to small and medium-sized enterprises (SMEs) in Romania, in accordance with the FIF-SME Policy Statement. At least 40% of the investments will be in line with the Green Economy Transition ("GET") criteria. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55670XI-IATI-EBRD-55881European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to EUR 3.0 million to be made available in three tranches under the EBRD Go Digital in WB programme. The second and third tranches will be uncommitted. The proceeds of the Bank's investment will be used for providing a combination of specialised financing for automation, digitalisation, competitiveness and green technologies to eligible SMEs in accordance with the respective Policy Statement. At least 60% of the total investments shall be in eligible automation and digitalisation projects, of which at least 60% shall be GET eligible. Furthermore, at least 60% of the total investments shall be GET eligible.European Bank for Reconstruction and DevelopmentUNION BANK SHAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTIRANA41.3275 19.818893000000UNION BANK SHAPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to EUR 3.0 million to be made available in three tranches under the EBRD Go Digital in WB programme. The second and third tranches will be uncommitted. The proceeds of the Bank's investment will be used for providing a combination of specialised financing for automation, digitalisation, competitiveness and green technologies to eligible SMEs in accordance with the respective Policy Statement. At least 60% of the total investments shall be in eligible automation and digitalisation projects, of which at least 60% shall be GET eligible. Furthermore, at least 60% of the total investments shall be GET eligible. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55881XI-IATI-EBRD-55598European Bank for Reconstruction and DevelopmentAn uncapped unfunded portfolio guarantee to be provided by the EBRD as an InvestEU implementing partner to Unicredit Bulbank (UCB), as an eligible partner financial intermediary ("PFI") in Bulgaria under the EBRD's InvestEU Green Uncapped Portfolio Guarantee Framework. The guarantee will cover a newly generated portfolio of loans amounting to up to EUR 100 million, financing eligible green projects related to buildings or sustainable transport. The Project benefits from partial first loss risk cover from the European Union under the InvestEU Fund. The Project aims to support the EBRD's green agenda in Bulgaria and the national green economy priorities. It will bridge the funding gap for sustainable energy investments in the country and support the resilience of a systemic bank and expand its green lending capacity.European Bank for Reconstruction and DevelopmentUNICREDIT BULBANK ADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSOFIA42.69751 23.324155000000050000000UNICREDIT BULBANK ADPRIVATEPRIVATEPRIVATEAn uncapped unfunded portfolio guarantee to be provided by the EBRD as an InvestEU implementing partner to Unicredit Bulbank (UCB), as an eligible partner financial intermediary ("PFI") in Bulgaria under the EBRD's InvestEU Green Uncapped Portfolio Guarantee Framework. The guarantee will cover a newly generated portfolio of loans amounting to up to EUR 100 million, financing eligible green projects related to buildings or sustainable transport. The Project benefits from partial first loss risk cover from the European Union under the InvestEU Fund. The Project aims to support the EBRD's green agenda in Bulgaria and the national green economy priorities. It will bridge the funding gap for sustainable energy investments in the country and support the resilience of a systemic bank and expand its green lending capacity. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55598XI-IATI-EBRD-47220European Bank for Reconstruction and DevelopmentThe EBRD has acquired a minority stake in Fibabanka. The Bank has invested in newly issued shares representing 9.95 per cent of Fibabanka's share capital and voting rights. It may also participate in potential future capital increases. This is a co-investment with the IFC. The EBRD will participate in a capital increase via a planned rights issue in place between shareholders of Fibabanka. The proposed investment amount will be used as part of Fibabanka's total capital increase of USD 30 million (EUR 26.3 million) in TRY equivalent. The operation supports the growth of a small but high potential bank in Turkey. The capital increase will have a positive impact on the main transition objective of the Bank's initial equity investment: demonstration effect of successful IPO or a merger/acquisition with/by another Turkish bank.European Bank for Reconstruction and DevelopmentFIBABANKA ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.94966268623.6141727093.83FIBABANKA ASPRIVATEPRIVATEPRIVATEThe EBRD has acquired a minority stake in Fibabanka. The Bank has invested in newly issued shares representing 9.95 per cent of Fibabanka's share capital and voting rights. It may also participate in potential future capital increases. This is a co-investment with the IFC. The EBRD will participate in a capital increase via a planned rights issue in place between shareholders of Fibabanka. The proposed investment amount will be used as part of Fibabanka's total capital increase of USD 30 million (EUR 26.3 million) in TRY equivalent. The operation supports the growth of a small but high potential bank in Turkey. The capital increase will have a positive impact on the main transition objective of the Bank's initial equity investment: demonstration effect of successful IPO or a merger/acquisition with/by another Turkish bank. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47220XI-IATI-EBRD-52972European Bank for Reconstruction and DevelopmentA senior unsecured term loan up to USD 110 million equivalent in TRY (EUR 94 million) in favour of Enerjisa Enerji A.S. (the "Borrower" or the "Company"). Enerjisa Enerji is an existing client of the Bank operating electricity distribution and electricity retail business in Turkey serving a quarter of Turkey's population. Enerjisa Enerji operates as a JV between Sabanci Holding and E.ON, each holding 40%. Remaining 20% is free float on Borsa Istanbul. The EBRD Loan will finance part of the 2021-2025 investment plan of Enerjisa focused on upgrade and modernisation of the existing network including smart metering and smart grid systems, support network digitalisation, improved reliability of power supply, and integration of renewables as well as environmental, health and safety improvements and reduction of losses.European Bank for Reconstruction and DevelopmentENERJISA ENERJI ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANKARA39.91987 32.8542727990353.35ENERJISA ENERJI ASPRIVATEPRIVATEPRIVATEA senior unsecured term loan up to USD 110 million equivalent in TRY (EUR 94 million) in favour of Enerjisa Enerji A.S. (the "Borrower" or the "Company"). Enerjisa Enerji is an existing client of the Bank operating electricity distribution and electricity retail business in Turkey serving a quarter of Turkey's population. Enerjisa Enerji operates as a JV between Sabanci Holding and E.ON, each holding 40%. Remaining 20% is free float on Borsa Istanbul. The EBRD Loan will finance part of the 2021-2025 investment plan of Enerjisa focused on upgrade and modernisation of the existing network including smart metering and smart grid systems, support network digitalisation, improved reliability of power supply, and integration of renewables as well as environmental, health and safety improvements and reduction of losses. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52972XI-IATI-EBRD-56534European Bank for Reconstruction and DevelopmentThe EBRD provided up to EUR 50 million in favour of Cimsa Cimento Sanayi ve Ticaret A.S. (the "Company" or "Cimsa"), a joint stock company incorporated in Türkiye, to finance the green investment programme implemented under the Company's Green Financing Framework ("GFF") which includes a greenfield calcium aluminate cement ("CAC") kiln and decarbonisation investments in other existing kilns located at the Mersin plant (the "Project") in Türkiye. This decarbonisation investment program fully supports the green economy transition through the capacity building of green cement derivatives (i.e., CAC) while implementing renewable energy sources and improving thermal efficiencies, while reducing the clinker to cement ratio with alternative raw materials. The investment in the greenfield CAC kiln will contribute to the decrease in fuel and energy consumption. Therefore, the Project is qualified as 74% GET and aligned with EU Taxonomy for climate mitigation given it will enable and demonstrate substantial life cycle GHG emission savings. The Project will also address key human capital development by introducing a new internship programme to build technical and green manufacturing skills in partnership with local education providers. The Project also qualifies for Gender SMART at the level of gender additionality as it will promote women's access to economic opportunities in the male dominated cement industry.European Bank for Reconstruction and DevelopmentCIMSA CIMENTO SANAYI VE TICARET ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496625000000CIMSA CIMENTO SANAYI VE TICARET ASPRIVATEPRIVATEPRIVATEThe EBRD provided up to EUR 50 million in favour of Cimsa Cimento Sanayi ve Ticaret A.S. (the "Company" or "Cimsa"), a joint stock company incorporated in Türkiye, to finance the green investment programme implemented under the Company's Green Financing Framework ("GFF") which includes a greenfield calcium aluminate cement ("CAC") kiln and decarbonisation investments in other existing kilns located at the Mersin plant (the "Project") in Türkiye. This decarbonisation investment program fully supports the green economy transition through the capacity building of green cement derivatives (i.e., CAC) while implementing renewable energy sources and improving thermal efficiencies, while reducing the clinker to cement ratio with alternative raw materials. The investment in the greenfield CAC kiln will contribute to the decrease in fuel and energy consumption. Therefore, the Project is qualified as 74% GET and aligned with EU Taxonomy for climate mitigation given it will enable and demonstrate substantial life cycle GHG emission savings. The Project will also address key human capital development by introducing a new internship programme to build technical and green manufacturing skills in partnership with local education providers. The Project also qualifies for Gender SMART at the level of gender additionality as it will promote women's access to economic opportunities in the male dominated cement industry. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56534XI-IATI-EBRD-54798European Bank for Reconstruction and DevelopmentA senior secured loan to Dunya Varlik Yonetim AS (the "Company") in amount of up to TRY equivalent of EUR 7 million, for 5 years including 2 year grace period, provided for acquisition of new on-performing loan ("NPL") portfolios in Turkiye. The loan will be provided in two tranches, Tranche 1 of up to TRY equivalent of EUR 4.2 million will be committed and Tranche 2 of up to TRY equivalent of EUR 2.8 million will be uncommitted. The loan will support Company's acquisition of new NPL portfolios in the country in challenging macroeconomic environment including hyperinflation, weakening of Turkish Lira as well as impact of recent eathquake. With a weighted average life ("WAL") of 3.5 years, the loan will provide a stable source of long term funding for Dunya Varlik Yonetim AS and will allow for stronger participation in local sale of the portfolios.European Bank for Reconstruction and DevelopmentDUNYA VARLIK YONETIM ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.949664481051.81DUNYA VARLIK YONETIM ASPRIVATEPRIVATEPRIVATEA senior secured loan to Dunya Varlik Yonetim AS (the "Company") in amount of up to TRY equivalent of EUR 7 million, for 5 years including 2 year grace period, provided for acquisition of new on-performing loan ("NPL") portfolios in Turkiye. The loan will be provided in two tranches, Tranche 1 of up to TRY equivalent of EUR 4.2 million will be committed and Tranche 2 of up to TRY equivalent of EUR 2.8 million will be uncommitted. The loan will support Company's acquisition of new NPL portfolios in the country in challenging macroeconomic environment including hyperinflation, weakening of Turkish Lira as well as impact of recent eathquake. With a weighted average life ("WAL") of 3.5 years, the loan will provide a stable source of long term funding for Dunya Varlik Yonetim AS and will allow for stronger participation in local sale of the portfolios. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54798XI-IATI-EBRD-56188European Bank for Reconstruction and DevelopmentA senior loan of up to EUR 150 million in favour of Ameriabank CJSC (the "Company"). Five-year loan will be provided in two tranches: first tranche of up to EUR 100 million and second tranche of up to EUR 50 million. The loan will be provided to Ameriabank CJSC to support the growth of its MSME loan portfolio in line with the eligibility criteria of the Financial Intermediaries Framework ("FIF").European Bank for Reconstruction and DevelopmentAMERIABANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYEREVAN40.18111 44.51361150000000AMERIABANK CJSCPRIVATEPRIVATEPRIVATEA senior loan of up to EUR 150 million in favour of Ameriabank CJSC (the "Company"). Five-year loan will be provided in two tranches: first tranche of up to EUR 100 million and second tranche of up to EUR 50 million. The loan will be provided to Ameriabank CJSC to support the growth of its MSME loan portfolio in line with the eligibility criteria of the Financial Intermediaries Framework ("FIF"). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56188XI-IATI-EBRD-55808European Bank for Reconstruction and DevelopmentParticipation in Ronesans Holding's ("Ronesans" or the "Company") Sustainability Eurobond for up to USD 55 million. The Eurobond proceeds will be allocated to finance or refinance eligible green and social projects fully aligned with Ronesans' inaugural Sustainable Finance Framework ("SFF"), enabling Ronesans to (i) partially refinance its current short-term loans and improve maturity profile of its debt portfolio and (ii) finance new capital expenditures and working capital, includinginter alia in healthcare PPP projects and expansion into renewable energy.European Bank for Reconstruction and DevelopmentRONESANS HOLDING ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANKARA39.91987 32.8542748148472.38RONESANS HOLDING ASPRIVATEPRIVATEPRIVATEParticipation in Ronesans Holding's ("Ronesans" or the "Company") Sustainability Eurobond for up to USD 55 million. The Eurobond proceeds will be allocated to finance or refinance eligible green and social projects fully aligned with Ronesans' inaugural Sustainable Finance Framework ("SFF"), enabling Ronesans to (i) partially refinance its current short-term loans and improve maturity profile of its debt portfolio and (ii) finance new capital expenditures and working capital, includinginter alia in healthcare PPP projects and expansion into renewable energy. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55808XI-IATI-EBRD-51428European Bank for Reconstruction and DevelopmentThe proposed transaction is an equity commitment of up to EUR 30 million to CCL CEECAT Fund II SCSp (the "Fund"). The operation will enable the Fund to make equity and quasi-equity investments primarily in small and medium sized companies across Turkey and Central and South Eastern Europe, with the objective of achieving long-term capital appreciation.European Bank for Reconstruction and DevelopmentCCL CEECAT FUND II SCSPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSOFIA42.69751 23.32415BUCHAREST44.43225 26.10626BELGRADE44.80401 20.46513ANKARA39.91987 32.854272023591.330000000CCL CEECAT FUND II SCSPPRIVATEPRIVATEPRIVATEThe proposed transaction is an equity commitment of up to EUR 30 million to CCL CEECAT Fund II SCSp (the "Fund"). The operation will enable the Fund to make equity and quasi-equity investments primarily in small and medium sized companies across Turkey and Central and South Eastern Europe, with the objective of achieving long-term capital appreciation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51428XI-IATI-EBRD-53120European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to EUR 5.0m under the Regional SME Competitiveness Support Programme ("CSP") in two tranches of EUR 3.0m and EUR 2.0m (2nd tranche uncommitted). The project will support investments in small and medium-sized enterprises (SMEs) to upgrade production facilities and comply with various EU Directives in environmental protection, workers' safety and product quality and safety. The investments will be selected based on the technical and financial eligibility criteria set forth in the Policy Statement. Support to SMEs is tailored as a combination of access to finance with TC and non TC assistance. At least 60% of the use of proceeds will be related to Green Economy Transition ("GET") investments.European Bank for Reconstruction and DevelopmentNLB BANKA AD SKOPJEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.431415000000NLB BANKA AD SKOPJEPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to EUR 5.0m under the Regional SME Competitiveness Support Programme ("CSP") in two tranches of EUR 3.0m and EUR 2.0m (2nd tranche uncommitted). The project will support investments in small and medium-sized enterprises (SMEs) to upgrade production facilities and comply with various EU Directives in environmental protection, workers' safety and product quality and safety. The investments will be selected based on the technical and financial eligibility criteria set forth in the Policy Statement. Support to SMEs is tailored as a combination of access to finance with TC and non TC assistance. At least 60% of the use of proceeds will be related to Green Economy Transition ("GET") investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53120XI-IATI-EBRD-54389European Bank for Reconstruction and DevelopmentProvision of a sovereign guaranteed senior loan of up to € 45 million to Societe Tunisienne de l'Electricite et du Gaz ("STEG" or the "Company") to finance a 200-km 600 MW High-Voltage Direct Current (HVDC) submarine transmission cable connecting Tunisia and Italy. The project includes converter stations and related infrastructure in each country financed by other lenders ("ELMED"). ELMED will be operated and jointly owned by STEG and the Italian transmission system operator (TSO) Terna S.p.A. A grant of EUR 307.6m from EU's Connecting Europe Facility ("CEF") will contribute to the project. In addition to the CEF grant, ELMED will be co-financed by EIB, KfW and the World Bank. ELMED will improve the integration, resilience and stability of electricity systems in Tunisia and Italy and further between North Africa and Europe in the future. ELMED will contribute to the grid stability and dispatching optimisation required for a better renewable energy integration and climate strategy delivery in the two markets that have ambitious renewable energy objectives.European Bank for Reconstruction and DevelopmentSOCIETE TUNISIENNE DE L'ELECTRICITE ET DU GAZEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTUNIS36.81897 10.165794500000045000000SOCIETE TUNISIENNE DE L'ELECTRICITE ET DU GAZSTATESTATESTATESTATEProvision of a sovereign guaranteed senior loan of up to € 45 million to Societe Tunisienne de l'Electricite et du Gaz ("STEG" or the "Company") to finance a 200-km 600 MW High-Voltage Direct Current (HVDC) submarine transmission cable connecting Tunisia and Italy. The project includes converter stations and related infrastructure in each country financed by other lenders ("ELMED"). ELMED will be operated and jointly owned by STEG and the Italian transmission system operator (TSO) Terna S.p.A. A grant of EUR 307.6m from EU's Connecting Europe Facility ("CEF") will contribute to the project. In addition to the CEF grant, ELMED will be co-financed by EIB, KfW and the World Bank. ELMED will improve the integration, resilience and stability of electricity systems in Tunisia and Italy and further between North Africa and Europe in the future. ELMED will contribute to the grid stability and dispatching optimisation required for a better renewable energy integration and climate strategy delivery in the two markets that have ambitious renewable energy objectives. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54389XI-IATI-EBRD-53077European Bank for Reconstruction and DevelopmentAn uncommitted Trade Facilitation Programme (TFP) facility with a limit of EUR 5 million for guarantees with tenors up to 3 years. The facility will contribute to further expansion of EBRD's trade finance business in Kosovo. It will also help to implement PCBK's strategy, which focuses on active development of trade finance business and expanding of the product range. Furthermore, the proposed TFP limit will help address the increased demand for trade finance during the global disrupted supply chain caused by the pandemic, especially for transactions that require support with tenors longer than 12 months.European Bank for Reconstruction and DevelopmentPROCREDIT BANK SH A KOSOVOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRISTINA42.67272 21.16688350000PROCREDIT BANK SH A KOSOVOPRIVATEPRIVATEPRIVATEAn uncommitted Trade Facilitation Programme (TFP) facility with a limit of EUR 5 million for guarantees with tenors up to 3 years. The facility will contribute to further expansion of EBRD's trade finance business in Kosovo. It will also help to implement PCBK's strategy, which focuses on active development of trade finance business and expanding of the product range. Furthermore, the proposed TFP limit will help address the increased demand for trade finance during the global disrupted supply chain caused by the pandemic, especially for transactions that require support with tenors longer than 12 months. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53077XI-IATI-EBRD-48901European Bank for Reconstruction and DevelopmentThe project consists of energy efficiency investments along the gas pipeline and transmission network system of the Arab Republic of Egypt. The energy efficiency investments will aim to deploy technical and feasible projects in the following areas a) waste heat recovery technologies at the sites of Amerya, Dahshour and the Western Desert Gas Complex; b) turbo-expanders technologies at natural gas pressure reduction stations; c) other resource efficiency and environmental investments including an LPG separation plant and CO2-equivalent/mercury removal from wet gas systems and d) gas metering data systems infrastructure. In parallel to the capital expenditure investments, the Bank will be supporting the liberalisation of the Egyptian gas market and implementation of the new Gas Market Law through Technical Cooperation (TC) funding. Through the energy efficiency investments, the project will help conserve considerable amounts of currently used energy, and as such yield significant greenhouse gas emission savings in excess of 251,000 tonnes of CO2 a year. TC support will assist Egypt in the practical implementation of the new Gas Market Law and liberalisation of the domestic gas market.European Bank for Reconstruction and DevelopmentEGYPT SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.249672250135.5175085354.11EGYPT SOVEREIGN1750853.54EGYPT SOVEREIGN46544.44EGYPT SOVEREIGN176868.87EGYPT SOVEREIGN130324.43EGYPT SOVEREIGN41133.5EGYPT SOVEREIGN28793.45EGYPT SOVEREIGN8639773.09EGYPT SOVEREIGN130324.43EGYPT SOVEREIGN24010879.79EGYPT SOVEREIGN3455909.24EGYPT SOVEREIGN19720.74EGYPT SOVEREIGN1727954.62EGYPT SOVEREIGN39133.33EGYPT SOVEREIGN863977.31EGYPT SOVEREIGN1727954.62EGYPT SOVEREIGN863977.31EGYPT SOVEREIGN863977.31EGYPT SOVEREIGN1436414.36EGYPT SOVEREIGN1727954.62EGYPT SOVEREIGN83780EGYPT SOVEREIGN1820186.9EGYPT SOVEREIGN47518.75EGYPT SOVEREIGN43198.86EGYPT SOVEREIGN15551.68EGYPT SOVEREIGN1303979.55EGYPT SOVEREIGN103677.27EGYPT SOVEREIGN6220.63EGYPT SOVEREIGN448404.21EGYPT SOVEREIGN162993.06EGYPT SOVEREIGN103677.27EGYPT SOVEREIGN751660.26EGYPT SOVEREIGN95037.51EGYPT SOVEREIGN479507.41EGYPT SOVEREIGN39725.96EGYPT SOVEREIGN259193.24EGYPT SOVEREIGN69908.26EGYPT SOVEREIGN499673.74EGYPT SOVEREIGN315351.71EGYPT SOVEREIGN692009.55EGYPT SOVEREIGN9676.55EGYPT SOVEREIGN475951.26EGYPT SOVEREIGN194394.9EGYPT SOVEREIGN103677.23EGYPT SOVEREIGN181435.24EGYPT SOVEREIGN311895.8EGYPT SOVEREIGN1792752.92EGYPT SOVEREIGN479507.41EGYPT SOVEREIGN686861.96EGYPT SOVEREIGN201306.71EGYPT SOVEREIGN88557.67EGYPT SOVEREIGN155515.92EGYPT SOVEREIGN51838.65EGYPT SOVEREIGN235865.79EGYPT SOVEREIGN699785.28EGYPT SOVEREIGN241913.65EGYPT SOVEREIGN1252767.1EGYPT SOVEREIGN1098825.6EGYPT SOVEREIGN102407.62EGYPT SOVEREIGN388789.79EGYPT SOVEREIGN83114.64EGYPT SOVEREIGN112317.05EGYPT SOVEREIGN717101.2EGYPT SOVEREIGN633229.71EGYPT SOVEREIGN2276580.18EGYPT SOVEREIGN12095.68EGYPT SOVEREIGN1171294.05EGYPT SOVEREIGN1936605.17EGYPT SOVEREIGN518386.4EGYPT SOVEREIGN1261406.87EGYPT SOVEREIGN286955.78EGYPT SOVEREIGN3891353.89EGYPT SOVEREIGN60478.42EGYPT SOVEREIGN1016642.14EGYPT SOVEREIGN25919.29EGYPT SOVEREIGN829418.24EGYPT SOVEREIGN21599.42EGYPT SOVEREIGN395269.83EGYPT SOVEREIGN155515.89EGYPT SOVEREIGN21599.43EGYPT SOVEREIGN294616.13EGYPT SOVEREIGN112506.45EGYPT SOVEREIGN92877.54EGYPT SOVEREIGN25919.26EGYPT SOVEREIGN6479.83EGYPT SOVEREIGN28511.25EGYPT SOVEREIGN205540.27EGYPT SOVEREIGN320103.46EGYPT SOVEREIGN4397345.01EGYPT SOVEREIGN1727.95EGYPT SOVEREIGN136940.41EGYPT SOVEREIGN107997.07EGYPT SOVEREIGN56158.52EGYPT SOVEREIGN250553.4EGYPT SOVEREIGN210810.11EGYPT SOVEREIGN143679.45EGYPT SOVEREIGN177897.84EGYPT SOVEREIGN131583.73EGYPT SOVEREIGN699821.73EGYPT SOVEREIGN181435.13EGYPT SOVEREIGN190075EGYPT SOVEREIGN17279.54EGYPT SOVEREIGN267832.95EGYPT SOVEREIGN777119.85EGYPT SOVEREIGN12959.65EGYPT SOVEREIGN1653526.12EGYPT SOVEREIGN581020.36EGYPT SOVEREIGN64798.31EGYPT SOVEREIGN131960.52EGYPT SOVEREIGN45358.55EGYPT SOVEREIGN1330292.64EGYPT SOVEREIGN266104.74EGYPT SOVEREIGN8639.74EGYPT SOVEREIGN103677.45EGYPT SOVEREIGN7775.79EGYPT SOVEREIGN344670.31EGYPT SOVEREIGN74302.31EGYPT SOVEREIGN2159.98EGYPT SOVEREIGN69118.23EGYPT SOVEREIGN2161502.79EGYPT SOVEREIGN2159.93EGYPT SOVEREIGN114045.04EGYPT SOVEREIGN755980.27EGYPT SOVEREIGN86397.73EGYPT SOVEREIGN826451.24EGYPT SOVEREIGN240219.6EGYPT SOVEREIGN18258.85EGYPT SOVEREIGN57365.78EGYPT SOVEREIGN34559.13EGYPT SOVEREIGN90717.62EGYPT SOVEREIGN38878.97EGYPT SOVEREIGN35102.34EGYPT SOVEREIGN39117.39EGYPT SOVEREIGN48402.35EGYPT SOVEREIGN71019.55EGYPT SOVEREIGN129139.53EGYPT SOVEREIGN105935.88EGYPT SOVEREIGN171063.23EGYPT SOVEREIGN1113183.18EGYPT SOVEREIGN280802.62EGYPT SOVEREIGN312204.32EGYPT SOVEREIGN153631.2EGYPT SOVEREIGN1209568.23EGYPT SOVEREIGN265659.28EGYPT SOVEREIGN1382363.7EGYPT SOVEREIGN160979.34EGYPT SOVEREIGN105650.44EGYPT SOVEREIGN72577.26EGYPT SOVEREIGN863977.31EGYPT SOVEREIGN1037376.87EGYPT SOVEREIGN4771.08EGYPT SOVEREIGN515009.37EGYPT SOVEREIGN140255.92EGYPT SOVEREIGN2098977.06EGYPT SOVEREIGN39271.49EGYPT SOVEREIGN395091.39EGYPT SOVEREIGN656319.71EGYPT SOVEREIGN310093.35EGYPT SOVEREIGN113169.04EGYPT SOVEREIGN674344.74EGYPT SOVEREIGN47125.78EGYPT SOVEREIGN1448571.23EGYPT SOVEREIGN713803.55EGYPT SOVEREIGN15538.83EGYPT SOVEREIGN488167.52EGYPT SOVEREIGN814510.81EGYPT SOVEREIGN255280.87EGYPT SOVEREIGN313359.01EGYPT SOVEREIGN32298.91EGYPT SOVEREIGN10592.66EGYPT SOVEREIGN2844931.24EGYPT SOVEREIGN1308306.52EGYPT SOVEREIGN228258.25EGYPT SOVEREIGN1115411.45EGYPT SOVEREIGN22360.78EGYPT SOVEREIGN934268.74EGYPT SOVEREIGN15775.19EGYPT SOVEREIGN18633.98EGYPT SOVEREIGN15311.21EGYPT SOVEREIGNSTATESTATESTATESTATEThe project consists of energy efficiency investments along the gas pipeline and transmission network system of the Arab Republic of Egypt. The energy efficiency investments will aim to deploy technical and feasible projects in the following areas a) waste heat recovery technologies at the sites of Amerya, Dahshour and the Western Desert Gas Complex; b) turbo-expanders technologies at natural gas pressure reduction stations; c) other resource efficiency and environmental investments including an LPG separation plant and CO2-equivalent/mercury removal from wet gas systems and d) gas metering data systems infrastructure. In parallel to the capital expenditure investments, the Bank will be supporting the liberalisation of the Egyptian gas market and implementation of the new Gas Market Law through Technical Cooperation (TC) funding. Through the energy efficiency investments, the project will help conserve considerable amounts of currently used energy, and as such yield significant greenhouse gas emission savings in excess of 251,000 tonnes of CO2 a year. TC support will assist Egypt in the practical implementation of the new Gas Market Law and liberalisation of the domestic gas market. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48901XI-IATI-EBRD-55726European Bank for Reconstruction and DevelopmentUSD 10 million senior unsecured loan in two equal tranches to Unibank for on-lending to eligible MSME sub-borrowers. The loan will have a maturity of up to 2 years, and will be provided in AZN to be used by Unibank for the growth of its MSME loan portfolio in line with the eligibility criteria of the Financial Intermediary Framework ("FIF"). In parallel to the MSME loan, an uncommitted limit under the Bank's Trade Finance Programme for USD 5 million will be established. Null ValueEuropean Bank for Reconstruction and DevelopmentUNIBANK COMMERCIAL BANK OJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBAKU40.37767 49.892018754267.7UNIBANK COMMERCIAL BANK OJSCPRIVATEPRIVATEPRIVATEUSD 10 million senior unsecured loan in two equal tranches to Unibank for on-lending to eligible MSME sub-borrowers. The loan will have a maturity of up to 2 years, and will be provided in AZN to be used by Unibank for the growth of its MSME loan portfolio in line with the eligibility criteria of the Financial Intermediary Framework ("FIF"). In parallel to the MSME loan, an uncommitted limit under the Bank's Trade Finance Programme for USD 5 million will be established. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55726XI-IATI-EBRD-56854European Bank for Reconstruction and DevelopmentA senior unsecured loan to ACBA Leasing in the amount of up to USD 10 million, of which up to USD 7.5 million are provided by the European Bank for Reconstruction and Development ("EBRD") and up to USD 2.5 million are provided by the Green Climate Fund ("GCF") under the GCF-Green Economy Financing Facility ("GEFF") Regional Programme. The proceeds of the loan will be used to extend leases for the financing of investments in climate change mitigation and adaptation technologies by local private sector commercial sub-lessees in a gender-responsive way, in line with the standards and reporting requirements of the GEFF in Armenia. 100 per cent of the loan proceeds will be related to Green Economy Transition investments. ACBA Leasing will benefit from Technical Cooperation ("TC") in form of trainings, capacity building and support for project implementation from the dedicated programme consultants.European Bank for Reconstruction and DevelopmentACBA LEASING CREDIT ORGANIZATION CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYEREVAN40.18111 44.513616565700.78ACBA LEASING CREDIT ORGANIZATION CJSCPRIVATEPRIVATEPRIVATEA senior unsecured loan to ACBA Leasing in the amount of up to USD 10 million, of which up to USD 7.5 million are provided by the European Bank for Reconstruction and Development ("EBRD") and up to USD 2.5 million are provided by the Green Climate Fund ("GCF") under the GCF-Green Economy Financing Facility ("GEFF") Regional Programme. The proceeds of the loan will be used to extend leases for the financing of investments in climate change mitigation and adaptation technologies by local private sector commercial sub-lessees in a gender-responsive way, in line with the standards and reporting requirements of the GEFF in Armenia. 100 per cent of the loan proceeds will be related to Green Economy Transition investments. ACBA Leasing will benefit from Technical Cooperation ("TC") in form of trainings, capacity building and support for project implementation from the dedicated programme consultants. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56854XI-IATI-EBRD-54571European Bank for Reconstruction and DevelopmentProvision of a EUR 50 million senior preferred unsecured loan to Raiffeisen Bank Albania SHA ("RBAL"). The loan will have three tranches of up to EUR 20 million (Tranche A), EUR 10 million (Tranche B) and EUR 20 million (Tranche C). The EBRD loan is expected to mobilise additional senior preferred unsecured funding from an international investor. The proposed Project aims to support the resilience and regulatory compliance of RBAL, a local systemic bank in Albania. The loan will also facilitate RBAL's expansion of lending to private small and medium-sized enterprises ("SMEs"), including to businesses operating in less economically developed regions of the country. The bank will aim to allocate 20% of the proceeds to GET-eligible projects.European Bank for Reconstruction and DevelopmentRAIFFEISEN BANK SHAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTIRANA41.3275 19.8188950000000RAIFFEISEN BANK SHAPRIVATEPRIVATEPRIVATEProvision of a EUR 50 million senior preferred unsecured loan to Raiffeisen Bank Albania SHA ("RBAL"). The loan will have three tranches of up to EUR 20 million (Tranche A), EUR 10 million (Tranche B) and EUR 20 million (Tranche C). The EBRD loan is expected to mobilise additional senior preferred unsecured funding from an international investor. The proposed Project aims to support the resilience and regulatory compliance of RBAL, a local systemic bank in Albania. The loan will also facilitate RBAL's expansion of lending to private small and medium-sized enterprises ("SMEs"), including to businesses operating in less economically developed regions of the country. The bank will aim to allocate 20% of the proceeds to GET-eligible projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54571XI-IATI-EBRD-54481European Bank for Reconstruction and DevelopmentResilience and Livelihoods Guarantee (RLG) sub-limit* under the Resilience and Livelihoods Framework in the form of an unfunded portfolio risksharing instrument in the amount of up to €8.750 million. The guarantee covers up to 50 per cent of the credit risk in newly originated sub-loans with the total value of € 35.0 million equivalent (the "Covered Portfolio") subject to total 50 per cent of portfolio cap. The RLG Project will have 9 months inclusion period for the origination of the Covered Portfolio by the PFI, following which EBRD guarantee will have a maximum maturity of: (i) 2 years for 70% of the Covered Portfolio (expected to be represented by working capital Sub-Loans); and (ii) 5 years for 30% of the Covered Portfolio * This sub-limit is part of EBRD's broader RLG facility to OTPU, covered by OpIDs 54481 and 54890 (under Resilience and Livelihoods Framework and Financial Intermediaries Framework, respectively), jointly referred to as the RLG Project. Both OpIDs are to be regulated under a single risk participation agreement with the PFI. The Facility will be used to support lending to Ukrainian private companies operating in the primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in Ukraine.European Bank for Reconstruction and DevelopmentOTP BANK PJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.523887500008750000OTP BANK PJSCPRIVATEPRIVATEPRIVATEResilience and Livelihoods Guarantee (RLG) sub-limit* under the Resilience and Livelihoods Framework in the form of an unfunded portfolio risksharing instrument in the amount of up to €8.750 million. The guarantee covers up to 50 per cent of the credit risk in newly originated sub-loans with the total value of € 35.0 million equivalent (the "Covered Portfolio") subject to total 50 per cent of portfolio cap. The RLG Project will have 9 months inclusion period for the origination of the Covered Portfolio by the PFI, following which EBRD guarantee will have a maximum maturity of: (i) 2 years for 70% of the Covered Portfolio (expected to be represented by working capital Sub-Loans); and (ii) 5 years for 30% of the Covered Portfolio * This sub-limit is part of EBRD's broader RLG facility to OTPU, covered by OpIDs 54481 and 54890 (under Resilience and Livelihoods Framework and Financial Intermediaries Framework, respectively), jointly referred to as the RLG Project. Both OpIDs are to be regulated under a single risk participation agreement with the PFI. The Facility will be used to support lending to Ukrainian private companies operating in the primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54481XI-IATI-EBRD-53212European Bank for Reconstruction and DevelopmentSenior secured loan of up to US$ 28m to Yildirim Albanian Mining Investments Sh.p.k. and Albchrome Sh.p.k. for the purpose of the acquisition of Albchrome Holding Sh.p.k. by Yildirim Holding A.S.. The loan will consist of two facilities: Facility A of up to US$ 8,400,000 will be provided to refinance the debt of Albchrome outstanding at the date of the acquisition, and Facility B of up to US$ 19,600,000 will be to partially refinance the Group's funding of advance for the acquisition. The new ownership will bring to Albchrome a possibility to distribute its products to a wider and more diversified customer base while Albchrome will benefit from Yildirim's managerial and technical expertise in terms of operation optimisation and transfer of skills. The Bank's participation will result in the development of a Low-Carbon and Climate- Resilient Roadmap for Albchrome. The Project is fully in line with the Bank's Strategy for Albania (2020-2025) which identifies promoting energy efficiency and enhancing private sector competitiveness as strategic priorities in the country, and with the Strategy for Extractive Mining Industries (2018-2022), which supports improvement of operational efficiencies in mining projects and key metal extraction for construction and renewable energy industry. Additionally, the Project is fully in line with the Bank's Green Economy Transition Approach 2021-2025 (BDS20-082/F).European Bank for Reconstruction and DevelopmentYILDIRIM ALBANIAN MINING INVESTMENTS SHPKEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTIRANA41.3275 19.8188924511949.57YILDIRIM ALBANIAN MINING INVESTMENTS SHPKPRIVATEPRIVATEPRIVATESenior secured loan of up to US$ 28m to Yildirim Albanian Mining Investments Sh.p.k. and Albchrome Sh.p.k. for the purpose of the acquisition of Albchrome Holding Sh.p.k. by Yildirim Holding A.S.. The loan will consist of two facilities: Facility A of up to US$ 8,400,000 will be provided to refinance the debt of Albchrome outstanding at the date of the acquisition, and Facility B of up to US$ 19,600,000 will be to partially refinance the Group's funding of advance for the acquisition. The new ownership will bring to Albchrome a possibility to distribute its products to a wider and more diversified customer base while Albchrome will benefit from Yildirim's managerial and technical expertise in terms of operation optimisation and transfer of skills. The Bank's participation will result in the development of a Low-Carbon and Climate- Resilient Roadmap for Albchrome. The Project is fully in line with the Bank's Strategy for Albania (2020-2025) which identifies promoting energy efficiency and enhancing private sector competitiveness as strategic priorities in the country, and with the Strategy for Extractive Mining Industries (2018-2022), which supports improvement of operational efficiencies in mining projects and key metal extraction for construction and renewable energy industry. Additionally, the Project is fully in line with the Bank's Green Economy Transition Approach 2021-2025 (BDS20-082/F). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53212XI-IATI-EBRD-56122European Bank for Reconstruction and DevelopmentIn March 2025, EBRD invested EUR 20.0 million in the inaugural 4-year covered bonds issued by COOP PANK AS ("Coop Pank"), as a part of EUR 250 million public issuance that was listed on the Irish Stock Exchange (Euronext Dublin). The project supports the expansion of the nascent covered bond market in Estonia, and is fully consistent with the Bank's policy engagement on capital market development in the Baltics. The project also delivers on the Bank's green agenda and national green economy priorities for Estonia.European Bank for Reconstruction and DevelopmentCOOP PANK ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTALLINN59.43696 24.7535320000000COOP PANK ASPRIVATEPRIVATEPRIVATEIn March 2025, EBRD invested EUR 20.0 million in the inaugural 4-year covered bonds issued by COOP PANK AS ("Coop Pank"), as a part of EUR 250 million public issuance that was listed on the Irish Stock Exchange (Euronext Dublin). The project supports the expansion of the nascent covered bond market in Estonia, and is fully consistent with the Bank's policy engagement on capital market development in the Baltics. The project also delivers on the Bank's green agenda and national green economy priorities for Estonia. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56122XI-IATI-EBRD-54070European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 50 million to Turk Ekonomi Bankasi A.S. ("TEB" or the "Company"), for on-lending to women-led SMEs under the Türkiye Women in Business ("TurWiB II"), a blended programme established under the Financial Intermediaries Framework ("FIF"). TurWiB II is an integrated and dedicated programme supporting women entrepreneurship and women-led SMEs. EBRD financing will be accompanied by (i) a technical cooperation programme to help TEB to build their internal capacity to better serve this segment, and (ii) a risk sharing mechanism supported by the Turkish Credit Guarantee Fund ("CGF") to stimulate lending on a sustainable basis. In addition, women entrepreneurs will be provided with advisory, mentorship and networking opportunities, facilitating their access to know-how and non-financial development services, as well as access to markets.European Bank for Reconstruction and DevelopmentTURK EKONOMI BANKASI ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496650000000TURK EKONOMI BANKASI ASPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 50 million to Turk Ekonomi Bankasi A.S. ("TEB" or the "Company"), for on-lending to women-led SMEs under the Türkiye Women in Business ("TurWiB II"), a blended programme established under the Financial Intermediaries Framework ("FIF"). TurWiB II is an integrated and dedicated programme supporting women entrepreneurship and women-led SMEs. EBRD financing will be accompanied by (i) a technical cooperation programme to help TEB to build their internal capacity to better serve this segment, and (ii) a risk sharing mechanism supported by the Turkish Credit Guarantee Fund ("CGF") to stimulate lending on a sustainable basis. In addition, women entrepreneurs will be provided with advisory, mentorship and networking opportunities, facilitating their access to know-how and non-financial development services, as well as access to markets. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54070XI-IATI-EBRD-53747European Bank for Reconstruction and DevelopmentA senior loan of RON 240 million (equivalent to EUR 49 million) in favour of Distributie Energie Electrica Romania SA ("DEER", or the "Company"). The loan will be guaranteed by Societatea Energetica Electrica SA ("Electrica"), who owns 100% of the shares of the Company. The transaction is presented under the EBRD's Resilience and Livelihoods Framework, one of the focus areas of which is energy security in Ukraine and neighboring countries. This project was approved in the context of the Bank's response to the Russian-led invasion of Ukrainian territory in February 2022. To avoid delays to the delivery of this project, the Bank's President granted a deviation from the ordinary timelines for PSD disclosure, as contemplated by Section V of the Directive on Access to Information. Details of this deviation, and the Bank's response to this situation, can be found on our website The loan will finance the Company's liquidity needs to cover the increased cost of electricity purchases required for network losses. This will enable the Company to continue the distribution of electricity to Romanian consumers without interruptions and allow the Company to continue investments in the electricity grid in order to cope with integration of additional renewables generation.European Bank for Reconstruction and DevelopmentDISTRIBUTIE ENERGIE ELECTRICA ROMANIA SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPITESTI44.85 24.8666745809875.65DISTRIBUTIE ENERGIE ELECTRICA ROMANIA SAPRIVATEPRIVATEPRIVATEA senior loan of RON 240 million (equivalent to EUR 49 million) in favour of Distributie Energie Electrica Romania SA ("DEER", or the "Company"). The loan will be guaranteed by Societatea Energetica Electrica SA ("Electrica"), who owns 100% of the shares of the Company. The transaction is presented under the EBRD's Resilience and Livelihoods Framework, one of the focus areas of which is energy security in Ukraine and neighboring countries. This project was approved in the context of the Bank's response to the Russian-led invasion of Ukrainian territory in February 2022. To avoid delays to the delivery of this project, the Bank's President granted a deviation from the ordinary timelines for PSD disclosure, as contemplated by Section V of the Directive on Access to Information. Details of this deviation, and the Bank's response to this situation, can be found on our website The loan will finance the Company's liquidity needs to cover the increased cost of electricity purchases required for network losses. This will enable the Company to continue the distribution of electricity to Romanian consumers without interruptions and allow the Company to continue investments in the electricity grid in order to cope with integration of additional renewables generation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53747XI-IATI-EBRD-57183European Bank for Reconstruction and DevelopmentAn investment of EUR 50 million into senior notes, comprising refinancing and capex bonds, issued by SOF Connect EAD, the operator of Sofia Airport, under the 35-year Concession Agreement with the Government of Bulgaria signed in July 2020. The Bank's investment in the refinancing bonds will help strengthen the airport's long-term financial structure while committing to the CAPEX bonds will finance the upgrade of airport facilities.European Bank for Reconstruction and DevelopmentSOF CONNECT EADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSOFIA42.69751 23.324154000000050000000SOF CONNECT EADPRIVATEPRIVATEPRIVATEAn investment of EUR 50 million into senior notes, comprising refinancing and capex bonds, issued by SOF Connect EAD, the operator of Sofia Airport, under the 35-year Concession Agreement with the Government of Bulgaria signed in July 2020. The Bank's investment in the refinancing bonds will help strengthen the airport's long-term financial structure while committing to the CAPEX bonds will finance the upgrade of airport facilities. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57183XI-IATI-EBRD-53604European Bank for Reconstruction and DevelopmentUp to USD 100 million senior loan with 9-year tenor (the "Loan") to Adnan Polat Enerji Yatirimi A.S. (the "Borrower", the "Company" or "APEY"), a renewable energy company 50/50 owned by the Turkish group Polat Holding A.S. ("Polat Holding") and Maxis Girisim Sermayesi Portfoy Yonetimi A.S ("Maxis"), a subsidiary of Is Yatirim Menkul Degerler A.S. (together the "Sponsors"). The proceeds of the Loan will be used to refinance the existing debt of the Borrower`s subsidiaries (the "Project"). The Project will enable new renewable energy investments of ca.200MW and potentially integrated energy storage facilities until 2025 by reducing APEY's debt exposure and thereby strengthening APEY's balance sheet.European Bank for Reconstruction and DevelopmentPOLAT ENERJI YATIRIMLARI ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496687542677.05POLAT ENERJI YATIRIMLARI ASPRIVATEPRIVATEPRIVATEUp to USD 100 million senior loan with 9-year tenor (the "Loan") to Adnan Polat Enerji Yatirimi A.S. (the "Borrower", the "Company" or "APEY"), a renewable energy company 50/50 owned by the Turkish group Polat Holding A.S. ("Polat Holding") and Maxis Girisim Sermayesi Portfoy Yonetimi A.S ("Maxis"), a subsidiary of Is Yatirim Menkul Degerler A.S. (together the "Sponsors"). The proceeds of the Loan will be used to refinance the existing debt of the Borrower`s subsidiaries (the "Project"). The Project will enable new renewable energy investments of ca.200MW and potentially integrated energy storage facilities until 2025 by reducing APEY's debt exposure and thereby strengthening APEY's balance sheet. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53604XI-IATI-EBRD-47627European Bank for Reconstruction and DevelopmentThe EBRD has provided US$ 80 million in new financing to Yapi ve Kredi Bankasi (Yapi Kredi) through the Turkey Mid-size Sustainable Energy Financing Facility (MidSEFF), a €1 billion programme through which the EBRD and the European Investment Bank are supporting sustainable energy finance in Turkey. The funds will finance mid-sized renewable energy projects including solar, hydropower, wind, geothermal, waste to energy, and energy efficiency projects.European Bank for Reconstruction and DevelopmentYAPI KREDI DIVERSIFIED PAYMENT RIGHTS FINANCE COMPANYEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANKARA39.91987 32.8542770034141.64YAPI KREDI DIVERSIFIED PAYMENT RIGHTS FINANCE COMPANYPRIVATEPRIVATEPRIVATEThe EBRD has provided US$ 80 million in new financing to Yapi ve Kredi Bankasi (Yapi Kredi) through the Turkey Mid-size Sustainable Energy Financing Facility (MidSEFF), a €1 billion programme through which the EBRD and the European Investment Bank are supporting sustainable energy finance in Turkey. The funds will finance mid-sized renewable energy projects including solar, hydropower, wind, geothermal, waste to energy, and energy efficiency projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47627XI-IATI-EBRD-51453European Bank for Reconstruction and DevelopmentThis project was approved in the context of the Bank's response to the COVID-19 pandemic. To avoid delays to the delivery of this project, the Bank's President granted a deviation from the ordinary timelines for PSD disclosure, as contemplated by Section V of the Directive on Access to Information. Details of the Bank's response to COVID19, and this deviation, can be found on our website. The EBRD provides a senior debt financing to TPay Mobile FZ LLC ("TPay") for the acquisition of a Turkish fintech company namely Trend Odeme Kurulusu A.S. ("Payguru"). The project is consistent with the Bank's Strategy for Turkey (BDS/TU/19-01F) and the Bank's ICT Sector Strategy (BDS19-224/F). The acquisiton will support the TPay's expansion in Turkey. Payguru is predominantly a mobile payment provider but operates also as a payments' transfer platform.European Bank for Reconstruction and DevelopmentTPAY MOBILE FZ LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANKARA39.91987 32.854274377133.85TPAY MOBILE FZ LLCPRIVATEPRIVATEPRIVATEThis project was approved in the context of the Bank's response to the COVID-19 pandemic. To avoid delays to the delivery of this project, the Bank's President granted a deviation from the ordinary timelines for PSD disclosure, as contemplated by Section V of the Directive on Access to Information. Details of the Bank's response to COVID19, and this deviation, can be found on our website. The EBRD provides a senior debt financing to TPay Mobile FZ LLC ("TPay") for the acquisition of a Turkish fintech company namely Trend Odeme Kurulusu A.S. ("Payguru"). The project is consistent with the Bank's Strategy for Turkey (BDS/TU/19-01F) and the Bank's ICT Sector Strategy (BDS19-224/F). The acquisiton will support the TPay's expansion in Turkey. Payguru is predominantly a mobile payment provider but operates also as a payments' transfer platform. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51453XI-IATI-EBRD-45677European Bank for Reconstruction and DevelopmentThe EBRD signed an equity commitment of EUR 20 million to Taxim Capital Partners I LP (the "Fund") in July 2016 and is making an additional equity commitment of up to EUR 10 million. The Fund is a Jersey limited partnership and targets EUR 200 million of total capital commitments. The Fund will seek to generate long-term capital appreciation through control-oriented equity investments into fast growing medium-sized companies in Turkey. The Bank's participation will help mobilise additional private sector investment in the Fund.European Bank for Reconstruction and DevelopmentTAXIM CAPITAL PARTNERS I LPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANKARA39.91987 32.85427198149.130000000TAXIM CAPITAL PARTNERS I LPPRIVATEPRIVATEPRIVATEThe EBRD signed an equity commitment of EUR 20 million to Taxim Capital Partners I LP (the "Fund") in July 2016 and is making an additional equity commitment of up to EUR 10 million. The Fund is a Jersey limited partnership and targets EUR 200 million of total capital commitments. The Fund will seek to generate long-term capital appreciation through control-oriented equity investments into fast growing medium-sized companies in Turkey. The Bank's participation will help mobilise additional private sector investment in the Fund. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/45677XI-IATI-EBRD-46912European Bank for Reconstruction and DevelopmentThe EBRD is making an equity commitment of up to USD 25 million to Foursan Capital Partners II Limited Partnership. The Fund is targeting USD 200 million of capital commitments. The Fund will predominantly make minority equity investments into fast growing medium-sized companies in Jordan. The Bank's participation will help mobilise additional private sector investment in the Fund.European Bank for Reconstruction and DevelopmentFOURSAN CAPITAL PARTNERS II LPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGAMMAN31.95522 35.945031046231.2822463939.06FOURSAN CAPITAL PARTNERS II LPPRIVATEPRIVATEPRIVATEThe EBRD is making an equity commitment of up to USD 25 million to Foursan Capital Partners II Limited Partnership. The Fund is targeting USD 200 million of capital commitments. The Fund will predominantly make minority equity investments into fast growing medium-sized companies in Jordan. The Bank's participation will help mobilise additional private sector investment in the Fund. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/46912XI-IATI-EBRD-53614European Bank for Reconstruction and DevelopmentProvision of a long-term senior unsecured loan of up to EUR 4 million to Stopanska Banka ("STB") for on-lending to small and medium-sized enterprises ("SMEs") in North Macedonia. The loan is envisaged under the Sustainable Reboot SME Programme ("Reboot SME"). The loan is intended to provide financing for on-lending to local SMEs for investments in high performance technologies and services in order to introduce and implement EU and other international quality standards. At least 70% of the use of the proceeds is expected to be related to Green Economy Transition ("GET") investments.European Bank for Reconstruction and DevelopmentSTOPANSKA BANKA AD SKOPJEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.431414000000STOPANSKA BANKA AD SKOPJEPRIVATEPRIVATEPRIVATEProvision of a long-term senior unsecured loan of up to EUR 4 million to Stopanska Banka ("STB") for on-lending to small and medium-sized enterprises ("SMEs") in North Macedonia. The loan is envisaged under the Sustainable Reboot SME Programme ("Reboot SME"). The loan is intended to provide financing for on-lending to local SMEs for investments in high performance technologies and services in order to introduce and implement EU and other international quality standards. At least 70% of the use of the proceeds is expected to be related to Green Economy Transition ("GET") investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53614XI-IATI-EBRD-50806European Bank for Reconstruction and DevelopmentThe provision of a senior secured loan of up to US$ 1.4 million (€ 1.2 million) to Economic Society Bir Dunya, one of the leading logistics and transportation companies in Turkmenistan The proceeds of the Loan will support the expansion of the existing production of Big Bags via the purchase of additional equipment, which will double the production capacity of Bir Dunya to up to 600,000 units per year. The loan will finance working capital needs and allow the company to purchase and install ventilation and air conditioning equipment in the production facility and the administrative building.European Bank for Reconstruction and DevelopmentBIR DUNYA ESEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGASHGABAT37.95 58.383331225597.48BIR DUNYA ESPRIVATEPRIVATEPRIVATEThe provision of a senior secured loan of up to US$ 1.4 million (€ 1.2 million) to Economic Society Bir Dunya, one of the leading logistics and transportation companies in Turkmenistan The proceeds of the Loan will support the expansion of the existing production of Big Bags via the purchase of additional equipment, which will double the production capacity of Bir Dunya to up to 600,000 units per year. The loan will finance working capital needs and allow the company to purchase and install ventilation and air conditioning equipment in the production facility and the administrative building. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50806XI-IATI-EBRD-55990European Bank for Reconstruction and DevelopmentEquity investment into Axoflow, a Hungarian software provider of a telemetry pipeline platform Equity investment in Axoflow ("company"), a company incorporated in Hungary, as part of a Seed equity roundEuropean Bank for Reconstruction and DevelopmentAXOFLOW INCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUDAPEST47.49835 19.040454908215.85AXOFLOW INCPRIVATEPRIVATEPRIVATEEquity investment into Axoflow, a Hungarian software provider of a telemetry pipeline platform Equity investment in Axoflow ("company"), a company incorporated in Hungary, as part of a Seed equity round For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55990XI-IATI-EBRD-46147European Bank for Reconstruction and DevelopmentThe EBRD is supporting the Khorog Soild Waste Sub-Project. The EBRD would provide a loan of up to USD 2 million to a Special Purpose Vehicle (the Company) to be created for this project and wholly owned by the City. The Republic of Tajikistan would provide a sovereign guarantee. The EBRD will also seek an investment grant from Swiss SECO of USD 2 million to facilitate implementation of the sub-project which will address urgently needed solid waste infrastructure rehabilitation needs. The overall objectives of this sub-project are to: (a) rehabilitate the solid waste improvements; and (b) improve financial and operational management. Null ValueEuropean Bank for Reconstruction and DevelopmentWATER AND SEWAGE COMPANY OF TAJIKISTANEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKHOROG37.48974 71.553040.611750853.54WATER AND SEWAGE COMPANY OF TAJIKISTAN17508.54WATER AND SEWAGE COMPANY OF TAJIKISTAN64781.58WATER AND SEWAGE COMPANY OF TAJIKISTAN33851WATER AND SEWAGE COMPANY OF TAJIKISTAN442615.78WATER AND SEWAGE COMPANY OF TAJIKISTAN20839.64WATER AND SEWAGE COMPANY OF TAJIKISTAN51378.64WATER AND SEWAGE COMPANY OF TAJIKISTAN39394.2WATER AND SEWAGE COMPANY OF TAJIKISTAN49501.11WATER AND SEWAGE COMPANY OF TAJIKISTAN50776.5WATER AND SEWAGE COMPANY OF TAJIKISTAN44378.43WATER AND SEWAGE COMPANY OF TAJIKISTAN135006.15WATER AND SEWAGE COMPANY OF TAJIKISTAN140207.46WATER AND SEWAGE COMPANY OF TAJIKISTAN107645.76WATER AND SEWAGE COMPANY OF TAJIKISTAN7806.23WATER AND SEWAGE COMPANY OF TAJIKISTAN75115.14WATER AND SEWAGE COMPANY OF TAJIKISTAN4989.93WATER AND SEWAGE COMPANY OF TAJIKISTAN159414.25WATER AND SEWAGE COMPANY OF TAJIKISTAN84955.06WATER AND SEWAGE COMPANY OF TAJIKISTAN34951.41WATER AND SEWAGE COMPANY OF TAJIKISTAN25793.73WATER AND SEWAGE COMPANY OF TAJIKISTAN6532.61WATER AND SEWAGE COMPANY OF TAJIKISTAN44042.72WATER AND SEWAGE COMPANY OF TAJIKISTAN58135.34WATER AND SEWAGE COMPANY OF TAJIKISTAN7983.89WATER AND SEWAGE COMPANY OF TAJIKISTAN26788.06WATER AND SEWAGE COMPANY OF TAJIKISTAN16459.77WATER AND SEWAGE COMPANY OF TAJIKISTANSTATESTATESTATESTATEThe EBRD is supporting the Khorog Soild Waste Sub-Project. The EBRD would provide a loan of up to USD 2 million to a Special Purpose Vehicle (the Company) to be created for this project and wholly owned by the City. The Republic of Tajikistan would provide a sovereign guarantee. The EBRD will also seek an investment grant from Swiss SECO of USD 2 million to facilitate implementation of the sub-project which will address urgently needed solid waste infrastructure rehabilitation needs. The overall objectives of this sub-project are to: (a) rehabilitate the solid waste improvements; and (b) improve financial and operational management. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/46147XI-IATI-EBRD-55485European Bank for Reconstruction and DevelopmentThe provision of a senior secured capital expenditure loan of up to US$ 1 million under the funded risk participation with Kyrgyz Investment and Credit Bank (KICB). The RSF Loan will co-finance the construction of a new energy efficient production workshop and purchase of a new energy efficient equipment. The project unlocks access to finance to a growing company in a relatively small banking sector.European Bank for Reconstruction and DevelopmentMSP ENGENEERING LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBISHKEK42.87 74.59437713.39MSP ENGENEERING LLCPRIVATEPRIVATEPRIVATEThe provision of a senior secured capital expenditure loan of up to US$ 1 million under the funded risk participation with Kyrgyz Investment and Credit Bank (KICB). The RSF Loan will co-finance the construction of a new energy efficient production workshop and purchase of a new energy efficient equipment. The project unlocks access to finance to a growing company in a relatively small banking sector. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55485XI-IATI-EBRD-48090European Bank for Reconstruction and DevelopmentEBRD is providing an equity investment of EUR 100 million in Meridiam Infrastructure Europe III (the "Fund"), a follow-on fund to Meridiam Infrastructure Europe II in which the Bank is an investor. The Fund is expected to raise EUR 1.2 billion, of which a minimum of EUR 400 million is targeted at selected EBRD Countries of Operation ("CoOs"). The Fund aims to make long term equity investments in infrastructure projects and will predominantly focus on greenfield projects that benefit, after completion, from long term and stable contractual cash flows (such as concessions and Public Private Partnerships ("PPP")) in the sectors of transportation, environmental and social infrastructure. The Fund will facilitate investment in infrastructure assets in EBRD's CoOs.European Bank for Reconstruction and DevelopmentMERIDIAM INFRASTRUCTURE EASTERN EUROPE III SLPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSOFIA42.69751 23.32415AMMAN31.95522 35.94503WARSAW52.22977 21.0117810889067100000000MERIDIAM INFRASTRUCTURE EASTERN EUROPE III SLPPRIVATEPRIVATEPRIVATEEBRD is providing an equity investment of EUR 100 million in Meridiam Infrastructure Europe III (the "Fund"), a follow-on fund to Meridiam Infrastructure Europe II in which the Bank is an investor. The Fund is expected to raise EUR 1.2 billion, of which a minimum of EUR 400 million is targeted at selected EBRD Countries of Operation ("CoOs"). The Fund aims to make long term equity investments in infrastructure projects and will predominantly focus on greenfield projects that benefit, after completion, from long term and stable contractual cash flows (such as concessions and Public Private Partnerships ("PPP")) in the sectors of transportation, environmental and social infrastructure. The Fund will facilitate investment in infrastructure assets in EBRD's CoOs. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48090XI-IATI-EBRD-52599European Bank for Reconstruction and DevelopmentThe EBRD participated in a HRK 300m, 5-year local bond issue (the "bond") by Atlantic Grupa d.d. (the "company"), with the total amount of HRK 20.62 million invested. The bond has bullet repayment and fixed semi-annual coupons. The proceeds of the bond will be used to refinance the company's existing HRK 200m corporate bond and for general corporate purposes including financing of certain capital expenditures. The company's performance has been resilient to the COVID-19 crisis thanks to the nature of its assortment, high brand recognition and well organised logistics system. However, a prolonged period of crisis and a lack of certainty over further restrictions pose risks to the company's operations. Through this transaction the EBRD will support the development of local capital markets, offering additional supply of local currency denominated assets to local pension and investment funds that currently have relatively few investment options apart from government securities and a very limited number of local corporate/FI issues in Croatia (just nine issuances in total since 2015). The new bonds will be listed on the Zagreb Stock Exchange ("ZSE"). Furthermore, this new issue will demonstrate that local markets can provide a viable and sustainable source of HRK funds for local corporates.European Bank for Reconstruction and DevelopmentATLANTIC GRUPA DDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGZAGREB45.81444 15.977983982094.89ATLANTIC GRUPA DDPRIVATEPRIVATEPRIVATEThe EBRD participated in a HRK 300m, 5-year local bond issue (the "bond") by Atlantic Grupa d.d. (the "company"), with the total amount of HRK 20.62 million invested. The bond has bullet repayment and fixed semi-annual coupons. The proceeds of the bond will be used to refinance the company's existing HRK 200m corporate bond and for general corporate purposes including financing of certain capital expenditures. The company's performance has been resilient to the COVID-19 crisis thanks to the nature of its assortment, high brand recognition and well organised logistics system. However, a prolonged period of crisis and a lack of certainty over further restrictions pose risks to the company's operations. Through this transaction the EBRD will support the development of local capital markets, offering additional supply of local currency denominated assets to local pension and investment funds that currently have relatively few investment options apart from government securities and a very limited number of local corporate/FI issues in Croatia (just nine issuances in total since 2015). The new bonds will be listed on the Zagreb Stock Exchange ("ZSE"). Furthermore, this new issue will demonstrate that local markets can provide a viable and sustainable source of HRK funds for local corporates. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52599XI-IATI-EBRD-54277European Bank for Reconstruction and DevelopmentProvision of a up to EUR 24.4 million long-term loan to Fabrika Decje Hrane d.o.o. (the "Company") for financing of its capital investments, working capital needs and putting in place an appropriate financing structure which will support future growth and development. The financing will consist of EUR 14.4m committed tranche and EUR 10m uncommitted tranche. The main objective of the Project is to support the Company's investment program and balance sheet strength.European Bank for Reconstruction and DevelopmentFABRIKA DECJE HRANE DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGDOBANOVCI44.82694 20.22472300000024040000FABRIKA DECJE HRANE DOOPRIVATEPRIVATEPRIVATEProvision of a up to EUR 24.4 million long-term loan to Fabrika Decje Hrane d.o.o. (the "Company") for financing of its capital investments, working capital needs and putting in place an appropriate financing structure which will support future growth and development. The financing will consist of EUR 14.4m committed tranche and EUR 10m uncommitted tranche. The main objective of the Project is to support the Company's investment program and balance sheet strength. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54277XI-IATI-EBRD-54055European Bank for Reconstruction and DevelopmentProvision of a long-term senior unsecured loan to Erste Bank Serbia ("EBS") for on-lending to micro, small and medium enterprises ("MSMEs") in Serbia. The loan is envisaged under the Financial Intermediaries Framework ("FIF"). The project will contribute to the expansion of lending to private businesses through working capital lines and investment loans to SMEs, including enterprises operating in economically less-developed regions of the country. Furthermore, the transaction supports EBS's growth strategy and diversification of its funding sources.European Bank for Reconstruction and DevelopmentERSTE BANK AD NOVI SADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGNOVI SAD45.25167 19.8369415000000ERSTE BANK AD NOVI SADPRIVATEPRIVATEPRIVATEProvision of a long-term senior unsecured loan to Erste Bank Serbia ("EBS") for on-lending to micro, small and medium enterprises ("MSMEs") in Serbia. The loan is envisaged under the Financial Intermediaries Framework ("FIF"). The project will contribute to the expansion of lending to private businesses through working capital lines and investment loans to SMEs, including enterprises operating in economically less-developed regions of the country. Furthermore, the transaction supports EBS's growth strategy and diversification of its funding sources. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54055XI-IATI-EBRD-54787European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to USD 25 million to Export Development Bank of Egypt (EBank) for on-lending to small and medium-sized enterprises (SMEs) in Egypt, with a focus on the export oriented ones, to deepen the export market which is projected to be a key driver for economic growth, and supporting EBank to expand their non-financial offering. The EBRD loan will support EBank's SME lending activities and expand access to finance for underserved SMEs in Egypt, with a focus on local small exporters.European Bank for Reconstruction and DevelopmentEXPORT DEVELOPMENT BANK OF EGYPTEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496721885669.26EXPORT DEVELOPMENT BANK OF EGYPTPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to USD 25 million to Export Development Bank of Egypt (EBank) for on-lending to small and medium-sized enterprises (SMEs) in Egypt, with a focus on the export oriented ones, to deepen the export market which is projected to be a key driver for economic growth, and supporting EBank to expand their non-financial offering. The EBRD loan will support EBank's SME lending activities and expand access to finance for underserved SMEs in Egypt, with a focus on local small exporters. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54787XI-IATI-EBRD-54140European Bank for Reconstruction and DevelopmentThe partnership entails (i) a long-term financing, in the form of an up to EUR 190 million development-linked loan to finance capital expenditures, (ii) together with a grant to support Tunisie Telecom's investments in cybersecurity. The financing is combined with a holistic policy and strategic assistance (iii) at the level of Tunisie Telecom, with a comprehensive transformation programme to modernise and underpin the growth of the national operator, and (iv) at the level of the national telecommunications regulatory authority, the Instance Nationale des Telecommunications with a policy dialogue programme. The comprehensive strategic partnership between the EBRD and Tunisie Telecom, Tunisia's national telecom operator, aims to improve the country's digital infrastructure and drive the company's transformation. The loan will finance multi-year investments in upgrading Tunisie Telecom's mobile access network from 3G/4G to 5G, expanding its fibre network, connecting up to 200,000 Tunisian households to fibre-to-the-home, and modernising the company's backbone and core network, as well as targeted investments in energy efficiency and energy production. To enhance the country's international connectivity, the loan will also finance Tunisie Telecom's connection to the MEDUSA submarine cable, a subsea cable network in the Mediterranean Sea, which spans more than 8,000 kilometres and connects close to 13 countries in Europe, North Africa and the Middle East. The grant-funded transformation programme of Tunisie Telecom will focus on critical areas of corporate development, such as skills development, sustainability, energy efficiency, digitalisation, cybersecurity and strategic reform, and is expected to improve the company's efficiency, resilience and competitiveness. The grant-funded policy engagement with the Instance Nationale des Telecommunications will focus on providing capacity-building and improving competitiveness and infrastructure-sharing in the Tunisian telecommunications sector.European Bank for Reconstruction and DevelopmentTUNISIE TELECOM SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTUNIS36.81897 10.1657919209948.5350000000TUNISIE TELECOM SA16656084.24TUNISIE TELECOM SA14133967.23TUNISIE TELECOM SASTATESTATESTATESTATEThe partnership entails (i) a long-term financing, in the form of an up to EUR 190 million development-linked loan to finance capital expenditures, (ii) together with a grant to support Tunisie Telecom's investments in cybersecurity. The financing is combined with a holistic policy and strategic assistance (iii) at the level of Tunisie Telecom, with a comprehensive transformation programme to modernise and underpin the growth of the national operator, and (iv) at the level of the national telecommunications regulatory authority, the Instance Nationale des Telecommunications with a policy dialogue programme. The comprehensive strategic partnership between the EBRD and Tunisie Telecom, Tunisia's national telecom operator, aims to improve the country's digital infrastructure and drive the company's transformation. The loan will finance multi-year investments in upgrading Tunisie Telecom's mobile access network from 3G/4G to 5G, expanding its fibre network, connecting up to 200,000 Tunisian households to fibre-to-the-home, and modernising the company's backbone and core network, as well as targeted investments in energy efficiency and energy production. To enhance the country's international connectivity, the loan will also finance Tunisie Telecom's connection to the MEDUSA submarine cable, a subsea cable network in the Mediterranean Sea, which spans more than 8,000 kilometres and connects close to 13 countries in Europe, North Africa and the Middle East. The grant-funded transformation programme of Tunisie Telecom will focus on critical areas of corporate development, such as skills development, sustainability, energy efficiency, digitalisation, cybersecurity and strategic reform, and is expected to improve the company's efficiency, resilience and competitiveness. The grant-funded policy engagement with the Instance Nationale des Telecommunications will focus on providing capacity-building and improving competitiveness and infrastructure-sharing in the Tunisian telecommunications sector. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54140XI-IATI-EBRD-56023European Bank for Reconstruction and DevelopmentThe provision of a senior secured loan of up to EUR 10 million to PragmaGo S.A. under the Financial Intermediaries Framework ("Framework"). PragmaGo will use the Loan's proceeds to extend financing to an underserved segment of the private sector, namely micro, small and medium-sized enterprises ('MSMEs') in Poland, thanks to its innovative online product suite offering fast and convenient access to funding.European Bank for Reconstruction and DevelopmentPRAGMAGO SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKATOWICE50.25841 19.027549880979.19PRAGMAGO SAPRIVATEPRIVATEPRIVATEThe provision of a senior secured loan of up to EUR 10 million to PragmaGo S.A. under the Financial Intermediaries Framework ("Framework"). PragmaGo will use the Loan's proceeds to extend financing to an underserved segment of the private sector, namely micro, small and medium-sized enterprises ('MSMEs') in Poland, thanks to its innovative online product suite offering fast and convenient access to funding. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56023XI-IATI-EBRD-55832European Bank for Reconstruction and DevelopmentUp to PLN 284 million credit protection guarantee to Bank Millennium S.A. ("BM"), a commercial bank incorporated in Poland, by participating in a synthetic balance sheet securitisation of a performing SME and corporate loans as well as factoring portfolio, originated by Bank Millennium. The structure uses a bilateral unfunded financial guarantee, passing on to EBRD the credit risk of the mezzanine tranche of the securitised portfolio. The project boosts the resilience of a systemic bank in Poland, by allowing Bank Millennium to achieve a risk-weighted assets' ("RWA") relief and optimise its regulatory capital requirements, while the RWA relief achieved will be redeployed to new on-lending to the real economy. As such, Bank Millennium will utilise this capacity to finance new eligible SME and corporate loans, out of which BM will allocate funds in the amount of 150% of the Bank's guarantee for financing new GET eligible projects.European Bank for Reconstruction and DevelopmentBANK MILLENNIUM SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.0117866078251.466078251.4BANK MILLENNIUM SAPRIVATEPRIVATEPRIVATEUp to PLN 284 million credit protection guarantee to Bank Millennium S.A. ("BM"), a commercial bank incorporated in Poland, by participating in a synthetic balance sheet securitisation of a performing SME and corporate loans as well as factoring portfolio, originated by Bank Millennium. The structure uses a bilateral unfunded financial guarantee, passing on to EBRD the credit risk of the mezzanine tranche of the securitised portfolio. The project boosts the resilience of a systemic bank in Poland, by allowing Bank Millennium to achieve a risk-weighted assets' ("RWA") relief and optimise its regulatory capital requirements, while the RWA relief achieved will be redeployed to new on-lending to the real economy. As such, Bank Millennium will utilise this capacity to finance new eligible SME and corporate loans, out of which BM will allocate funds in the amount of 150% of the Bank's guarantee for financing new GET eligible projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55832XI-IATI-EBRD-51908European Bank for Reconstruction and DevelopmentProvision of a secured project finance loan of up to EUR 9.2 millionto to an SPV incorporated in Albania and owned by Korporata Elektroenergjitike Shqiptare sh.a.("KESH"), the state-owned Albanian power generation company, for the construction of a floating solar PV plant on the surface of KESH's Vau i Dejes hydropower plant reservoir with an installed capacity of 12.9 MW. The electricity produced by the solar plant will be sold on the non-regulated electricity market. The project will support the implementation of the first-of-a-kind floating technology solar plant in Albania and in the Western Balkans region and will promote the further use of the floating PV technology to increase the region's solar capacity through the efficient use of existing hydro reservoirs. At the same time, the project will strengthen KESH's operational and financial performance through reduced reliance on hydro revenues and due to the floating technology's positive impact on the water levels of the existing reservoir.European Bank for Reconstruction and DevelopmentSOLAR ENERGY OF ALBANIAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTIRANA41.3275 19.8188990140009014000SOLAR ENERGY OF ALBANIASTATESTATESTATESTATEProvision of a secured project finance loan of up to EUR 9.2 millionto to an SPV incorporated in Albania and owned by Korporata Elektroenergjitike Shqiptare sh.a.("KESH"), the state-owned Albanian power generation company, for the construction of a floating solar PV plant on the surface of KESH's Vau i Dejes hydropower plant reservoir with an installed capacity of 12.9 MW. The electricity produced by the solar plant will be sold on the non-regulated electricity market. The project will support the implementation of the first-of-a-kind floating technology solar plant in Albania and in the Western Balkans region and will promote the further use of the floating PV technology to increase the region's solar capacity through the efficient use of existing hydro reservoirs. At the same time, the project will strengthen KESH's operational and financial performance through reduced reliance on hydro revenues and due to the floating technology's positive impact on the water levels of the existing reservoir. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51908XI-IATI-EBRD-53802European Bank for Reconstruction and DevelopmentThe EBRD is providing a senior loan of €15 million to Akkim Kimya Sanayi ve Ticaret A.S. (Akkim or the Company or the Borrower) to support Company's investment program in 2022-2024. The Project will support the Company to undertake a greenfield epoxy resin production plant in Yalova, Turkey (the Project).European Bank for Reconstruction and DevelopmentAKKIM KIMYA SANAYI VE TICARET ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYALOVA40.65501 29.2769315000000AKKIM KIMYA SANAYI VE TICARET ASPRIVATEPRIVATEPRIVATEThe EBRD is providing a senior loan of €15 million to Akkim Kimya Sanayi ve Ticaret A.S. (Akkim or the Company or the Borrower) to support Company's investment program in 2022-2024. The Project will support the Company to undertake a greenfield epoxy resin production plant in Yalova, Turkey (the Project). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53802XI-IATI-EBRD-55185European Bank for Reconstruction and DevelopmentThe Bank has invested USD 75 million under Türkiye GEFF II framework in a USD 750 million Basel III compliant Tier-2 ("B3T2") bond issued by Türkiye Garanti Bankasi A.S. ("GB"), a commercial bank incorporated in Türkiye. The bond is publicly offered and listed on the Irish Stock Exchange. The project will support GB in further strengthening its capitalisation, via decreasing capital sensitivity to TRY exchange rate volatility as well as supporting its funding diversification strategy, ultimately contributing to the resilience of the overall Turkish banking sector. Furthermore, GB will allocate 210% of EBRD`s investment amount to projects which meet the GET eligibility criteria, in line with the Türkiye GEFF II Framework. GB will finance sub-borrowers implementing green economy investments in a gender responsive way, including, among others, energy efficiency, renewable energy and climate resilience measures, and additional green investment areas focusing on nature and biodiversity, blue economy, as well as sustainable agriculture, transport and tourism.European Bank for Reconstruction and DevelopmentTURKIYE GARANTI BANKASI ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496665657007.79TURKIYE GARANTI BANKASI ASPRIVATEPRIVATEPRIVATEThe Bank has invested USD 75 million under Türkiye GEFF II framework in a USD 750 million Basel III compliant Tier-2 ("B3T2") bond issued by Türkiye Garanti Bankasi A.S. ("GB"), a commercial bank incorporated in Türkiye. The bond is publicly offered and listed on the Irish Stock Exchange. The project will support GB in further strengthening its capitalisation, via decreasing capital sensitivity to TRY exchange rate volatility as well as supporting its funding diversification strategy, ultimately contributing to the resilience of the overall Turkish banking sector. Furthermore, GB will allocate 210% of EBRD`s investment amount to projects which meet the GET eligibility criteria, in line with the Türkiye GEFF II Framework. GB will finance sub-borrowers implementing green economy investments in a gender responsive way, including, among others, energy efficiency, renewable energy and climate resilience measures, and additional green investment areas focusing on nature and biodiversity, blue economy, as well as sustainable agriculture, transport and tourism. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55185XI-IATI-EBRD-52634European Bank for Reconstruction and DevelopmentFollow-on investment in Marti, a leading mobility platform with operations and development in Turkey, to support existing operations. Null ValueEuropean Bank for Reconstruction and DevelopmentMARTI TECHNOLOGIES INCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANKARA39.91987 32.854271113439.55MARTI TECHNOLOGIES INC8425308.75MARTI TECHNOLOGIES INCPRIVATEPRIVATEPRIVATEFollow-on investment in Marti, a leading mobility platform with operations and development in Turkey, to support existing operations. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52634XI-IATI-EBRD-56301European Bank for Reconstruction and DevelopmentProvision of a sovereign loan of up to EUR 30 million to the Republic of Benin (the "Borrower") to be on-lent to the Societe Beninoise d'Energie Electrique ("SBEE", the "Client"), the state-owned national utility responsible for the distribution and supply of electricity in Benin. The proceeds of the loan will be directed to finance the rural electrification of Mono, Couffo and Borgou regions in western and north-eastern Benin (the "Project"). The Project is expected to be co-financed with Agence Francaise de Developpement ("AFD") and the European Investment Bank ("EIB") and is expected to benefit from EU financial support including an investment grant from the European Union Africa Investment Platform ("EU's AIP"). The proceeds will be allocated to the extension, rehabilitation and densification of low and medium voltage network and the upgrade of the national grid in the three regions. The Project will improve the integration, resilience and stability of electricity systems in Benin and allow to connect 120,000 new households to the national grid across 750 villages and cities.European Bank for Reconstruction and DevelopmentBENIN SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPORTO-NOVO6.49646 2.603593000000030000000BENIN SOVEREIGNSTATESTATESTATESTATEProvision of a sovereign loan of up to EUR 30 million to the Republic of Benin (the "Borrower") to be on-lent to the Societe Beninoise d'Energie Electrique ("SBEE", the "Client"), the state-owned national utility responsible for the distribution and supply of electricity in Benin. The proceeds of the loan will be directed to finance the rural electrification of Mono, Couffo and Borgou regions in western and north-eastern Benin (the "Project"). The Project is expected to be co-financed with Agence Francaise de Developpement ("AFD") and the European Investment Bank ("EIB") and is expected to benefit from EU financial support including an investment grant from the European Union Africa Investment Platform ("EU's AIP"). The proceeds will be allocated to the extension, rehabilitation and densification of low and medium voltage network and the upgrade of the national grid in the three regions. The Project will improve the integration, resilience and stability of electricity systems in Benin and allow to connect 120,000 new households to the national grid across 750 villages and cities. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56301XI-IATI-EBRD-54463European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to USD 109 million to Türkiye Is Bankasi A.S. ("Isbank") under Window 1 of the Türkiye-Disaster Response Framework ("DRF" or "Framework"), a framework for Turkish banks to support livelihoods, jobs and human capital in the South-Eastern provinces of Türkiye, affected by the February 6, 2023 earthquakes. The EBRD proceeds will be channeled through Isbank to support eligible private businesses and individuals directly impacted by the disaster, with an aim to address the most immediate funding needs of the local population in the affected cities. The Framework constitutes the first and immediate phase of EBRD's emergency crisis response to the devastating earthquakes in South-Eastern Türkiye. It will channel EBRD funding via the Bank's existing partner banks in Türkiye to support individuals and businesses directly affected by the disaster. As such, the Framework reflects the goals of the EBRD's Equality of Opportunity Strategy 2021-2025 ("EOS") which recognizes that shocks and crises, including natural disasters, have the potential to entrench and exacerbate existing inequality of opportunity, therefore requiring the EBRD to mitigate the impacts of such events on livelihoods and human capital.European Bank for Reconstruction and DevelopmentTURKIYE IS BANKASI ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496695421517.99TURKIYE IS BANKASI ASPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to USD 109 million to Türkiye Is Bankasi A.S. ("Isbank") under Window 1 of the Türkiye-Disaster Response Framework ("DRF" or "Framework"), a framework for Turkish banks to support livelihoods, jobs and human capital in the South-Eastern provinces of Türkiye, affected by the February 6, 2023 earthquakes. The EBRD proceeds will be channeled through Isbank to support eligible private businesses and individuals directly impacted by the disaster, with an aim to address the most immediate funding needs of the local population in the affected cities. The Framework constitutes the first and immediate phase of EBRD's emergency crisis response to the devastating earthquakes in South-Eastern Türkiye. It will channel EBRD funding via the Bank's existing partner banks in Türkiye to support individuals and businesses directly affected by the disaster. As such, the Framework reflects the goals of the EBRD's Equality of Opportunity Strategy 2021-2025 ("EOS") which recognizes that shocks and crises, including natural disasters, have the potential to entrench and exacerbate existing inequality of opportunity, therefore requiring the EBRD to mitigate the impacts of such events on livelihoods and human capital. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54463XI-IATI-EBRD-53570European Bank for Reconstruction and DevelopmentOn 21st June 2022, the EBRD invested HUF 5.05 billion (EUR 12.6 million equivalent, or 16.8% of the issuance amount) in a 6NC5 Senior Preferred bond issued by Raiffeisen Bank Zrt. ("RBHU"), as part of an issuance of HUF 30 billion, which was then listed on the Luxemburg stock exchange. On 16th November 2022, the EBRD invested another EUR 18 million (or 6% of the issuance amount) in the inaugural public international issuance of RBHU, a 3NC2 EUR 300 million Senior Preferred bond, under the same programme. On 14th of May 2024, the EBRD invested a further EUR 11 million (or 3.7% of the issuance amount) in the inaugural 6NC5 EUR 300 million Green Senior Preferred issuance of RBHU. The Project supports the resilience of a systemically important bank in Hungary and contributes to the local capital market development. The project also aims to support strong Green-impact targets with at least 120% of the EBRD's investment to be allocated to finance green projects in line with EBRD's Green Economy Transition ("GET") eligibility criteria.European Bank for Reconstruction and DevelopmentRAIFFEISEN BANK ZRTEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUDAPEST47.49835 19.0404543185253.56RAIFFEISEN BANK ZRTPRIVATEPRIVATEPRIVATEOn 21st June 2022, the EBRD invested HUF 5.05 billion (EUR 12.6 million equivalent, or 16.8% of the issuance amount) in a 6NC5 Senior Preferred bond issued by Raiffeisen Bank Zrt. ("RBHU"), as part of an issuance of HUF 30 billion, which was then listed on the Luxemburg stock exchange. On 16th November 2022, the EBRD invested another EUR 18 million (or 6% of the issuance amount) in the inaugural public international issuance of RBHU, a 3NC2 EUR 300 million Senior Preferred bond, under the same programme. On 14th of May 2024, the EBRD invested a further EUR 11 million (or 3.7% of the issuance amount) in the inaugural 6NC5 EUR 300 million Green Senior Preferred issuance of RBHU. The Project supports the resilience of a systemically important bank in Hungary and contributes to the local capital market development. The project also aims to support strong Green-impact targets with at least 120% of the EBRD's investment to be allocated to finance green projects in line with EBRD's Green Economy Transition ("GET") eligibility criteria. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53570XI-IATI-EBRD-56719European Bank for Reconstruction and DevelopmentAn unfunded risk-sharing instrument partially covering the credit risk in newly originated subloans of ProCredit Bank JSC ("PCBU", the "PFI") in Ukraine with the total value of EUR 200 million equivalent (the "Covered Portfolio"). The Project is provided under the EBRD's Resilience and Livelihoods Framework to finance broad working capital and investment needs of Ukrainian private businesses operating in key sectors supporting the livelihoods of Ukrainian businesses. Up to EUR 40 million of risk shared sub-loans will finance SMEs' long-term investments under the EU4Business-EBRD Credit Line with Incentives (within a dedicated sub-limit assigned with a separate EBRD project number 56720). This will enable financing of long-term capital investments of SMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of the sub-limit), thereby enhancing their competitiveness. Eligible sub-borrowers will also receive technical assistance funded by the EU and grant support in the form of investment incentives upon the completion of their investment projects. The Facility will support lending to Ukrainian companies operating in the primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in Ukraine.European Bank for Reconstruction and DevelopmentPROCREDIT BANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.52382500000025000000PROCREDIT BANK JSCPRIVATEPRIVATEPRIVATEAn unfunded risk-sharing instrument partially covering the credit risk in newly originated subloans of ProCredit Bank JSC ("PCBU", the "PFI") in Ukraine with the total value of EUR 200 million equivalent (the "Covered Portfolio"). The Project is provided under the EBRD's Resilience and Livelihoods Framework to finance broad working capital and investment needs of Ukrainian private businesses operating in key sectors supporting the livelihoods of Ukrainian businesses. Up to EUR 40 million of risk shared sub-loans will finance SMEs' long-term investments under the EU4Business-EBRD Credit Line with Incentives (within a dedicated sub-limit assigned with a separate EBRD project number 56720). This will enable financing of long-term capital investments of SMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of the sub-limit), thereby enhancing their competitiveness. Eligible sub-borrowers will also receive technical assistance funded by the EU and grant support in the form of investment incentives upon the completion of their investment projects. The Facility will support lending to Ukrainian companies operating in the primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56719XI-IATI-EBRD-54141European Bank for Reconstruction and DevelopmentThe EBRD has provided USD 143.25 million financing to DenizBank A.S. ("DenizBank") under DenizBank's existing Diversified Payment Rights ("DPR") programme. The proceeds of the financing are split as follows: USD 88.25 million under the Green Economy Financing Facility ("GEFF"), of which USD 5.75m co-financed by the Clean Technology Fund ("CTF", Project ID: 53796), USD 27.5 million under the Women in Business II ("TurWiB II", Project ID: 54141) and USD 27.5 million under the Disaster Response Framework ("DRF", Project ID: 54515), ("The Project"). The Project will enable DenizBank to access long-term funding and diversify its funding sources. Under GEFF, The Project aims to support green economy investments including among others energy efficiency, renewable energy and climate resilience measures. Funds may also be on-lent to vendors and producers of eligible material and equipment covered by the Green Technology Selector for Turkiye. Cooperation will also be sought with DenizBank and sub-borrowers on the mainstreaming of corporate climate governance ("CCG") and gender-responsive on-lending and better integration of climate change and gender equality considerations into DenizBank's lending strategies and practices. The loans will be supported by Technical Cooperation ("TC") and by incentive payments, as envisaged under the GEFF. Concessional financing will also be available to support DenizBank to integrate climate change into their corporate governance approach. TurWiB II is an integrated and dedicated programme supporting women entrepreneurship and women-led SMEs. EBRD financing will be accompanied by (i) a technical cooperation programme to help DenizBank to build their internal capacity to better serve this segment, and (ii) a risk sharing mechanism supported by the Turkish Credit Guarantee Fund ("CGF") to stimulate lending on a sustainable basis. In addition, women entrepreneurs will be provided with advisory, mentorship and networking opportunities, facilitating their access to know-how and non-financial development services, as well as access to markets. DRF constitutes the first and immediate phase of EBRD's emergency crisis response to the devastating earthquakes in South-Eastern Turkiye. DenizBank will channel EBRD funding to support reconstruction efforts in the provinces hit by the disaster as per the Window 2 of DRF. As such, the Framework reflects the goals of the EBRD's Equality of Opportunity Strategy 2021-2025 ("EOS") which recognises that shocks and crises, including natural disasters, have the potential to entrench and exacerbate existing inequality of opportunity, therefore requiring the EBRD to mitigate the impacts of such events on livelihoods and human capital.European Bank for Reconstruction and DevelopmentDENIZBANK ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496624074236.19DENIZBANK ASPRIVATEPRIVATEPRIVATEThe EBRD has provided USD 143.25 million financing to DenizBank A.S. ("DenizBank") under DenizBank's existing Diversified Payment Rights ("DPR") programme. The proceeds of the financing are split as follows: USD 88.25 million under the Green Economy Financing Facility ("GEFF"), of which USD 5.75m co-financed by the Clean Technology Fund ("CTF", Project ID: 53796), USD 27.5 million under the Women in Business II ("TurWiB II", Project ID: 54141) and USD 27.5 million under the Disaster Response Framework ("DRF", Project ID: 54515), ("The Project"). The Project will enable DenizBank to access long-term funding and diversify its funding sources. Under GEFF, The Project aims to support green economy investments including among others energy efficiency, renewable energy and climate resilience measures. Funds may also be on-lent to vendors and producers of eligible material and equipment covered by the Green Technology Selector for Turkiye. Cooperation will also be sought with DenizBank and sub-borrowers on the mainstreaming of corporate climate governance ("CCG") and gender-responsive on-lending and better integration of climate change and gender equality considerations into DenizBank's lending strategies and practices. The loans will be supported by Technical Cooperation ("TC") and by incentive payments, as envisaged under the GEFF. Concessional financing will also be available to support DenizBank to integrate climate change into their corporate governance approach. TurWiB II is an integrated and dedicated programme supporting women entrepreneurship and women-led SMEs. EBRD financing will be accompanied by (i) a technical cooperation programme to help DenizBank to build their internal capacity to better serve this segment, and (ii) a risk sharing mechanism supported by the Turkish Credit Guarantee Fund ("CGF") to stimulate lending on a sustainable basis. In addition, women entrepreneurs will be provided with advisory, mentorship and networking opportunities, facilitating their access to know-how and non-financial development services, as well as access to markets. DRF constitutes the first and immediate phase of EBRD's emergency crisis response to the devastating earthquakes in South-Eastern Turkiye. DenizBank will channel EBRD funding to support reconstruction efforts in the provinces hit by the disaster as per the Window 2 of DRF. As such, the Framework reflects the goals of the EBRD's Equality of Opportunity Strategy 2021-2025 ("EOS") which recognises that shocks and crises, including natural disasters, have the potential to entrench and exacerbate existing inequality of opportunity, therefore requiring the EBRD to mitigate the impacts of such events on livelihoods and human capital. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54141XI-IATI-EBRD-55662European Bank for Reconstruction and DevelopmentThe transaction is an equity co-investment together with Turkey Growth Fund IV L.P. ("Turkven" or "the Fund") and IFC, for the acquisition of Cagatay Evcil Hayvan Mamalari ve Yem Urunleri Sanayi ve Ticaret A.S. ("Cagatay" or "Company"). The Bank's proceeds has been utilised for the acquisition of Cagatay and support expanding Cagatay's export markets, increasing its production capacity and widening its product range.European Bank for Reconstruction and DevelopmentPETCO SARLEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANKARA39.91987 32.8542711563754.38PETCO SARLPRIVATEPRIVATEPRIVATEThe transaction is an equity co-investment together with Turkey Growth Fund IV L.P. ("Turkven" or "the Fund") and IFC, for the acquisition of Cagatay Evcil Hayvan Mamalari ve Yem Urunleri Sanayi ve Ticaret A.S. ("Cagatay" or "Company"). The Bank's proceeds has been utilised for the acquisition of Cagatay and support expanding Cagatay's export markets, increasing its production capacity and widening its product range. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55662XI-IATI-EBRD-52586European Bank for Reconstruction and DevelopmentA sovereign loan of up to EUR 50.6 million to Georgia (tranched) to be on-lent to the city of Tbilisi (the "City") for the benefit of Tbilisi Transport Company Ltd (the "Company"), a municipal company operating buses, the metro system and cable cars in Tbilisi. The investment will improve the reliability, safety and efficiency of public transport through the upgrade and rehabilitation of 12 metro stations (the "Project"). The Project is part of a broader programme aiming to assist the City in reforming its management of public transport by financing the renewal of bus and metro systems, and network restructuring.European Bank for Reconstruction and DevelopmentGEORGIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTBILISI41.69411 44.833683000195030305000GEORGIA SOVEREIGN303050GEORGIA SOVEREIGNSTATESTATESTATESTATEA sovereign loan of up to EUR 50.6 million to Georgia (tranched) to be on-lent to the city of Tbilisi (the "City") for the benefit of Tbilisi Transport Company Ltd (the "Company"), a municipal company operating buses, the metro system and cable cars in Tbilisi. The investment will improve the reliability, safety and efficiency of public transport through the upgrade and rehabilitation of 12 metro stations (the "Project"). The Project is part of a broader programme aiming to assist the City in reforming its management of public transport by financing the renewal of bus and metro systems, and network restructuring. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52586XI-IATI-EBRD-48376European Bank for Reconstruction and DevelopmentThe Trans-Anatolian Natural Gas Pipeline ("TANAP" or the "Project") is a natural gas pipeline crossing the territory of the Republic of Turkey to supply natural gas to the Republic of Turkey as well as European countries. The pipeline, which is currently under construction, will stretch from the Turkey/Georgia border to the Turkey/Greece border. The Project is implemented by TANAP Dogalgaz Iletim A.S. ("TANAP A.S."). Along with the EBRD, a number of other international financial institutions will support the project. The World Bank has committed USD 800 million financing for TANAP and the Asian Infrastructure Investment Bank has committed USD 600 million. The European Investment Bank is also considering financing for the TANAP project. Stretching across five countries of operations of the EBRD, the Southern Gas Corridor - of which the TANAP Project is an integral part - is an important strategic gas infrastructure project aimed at improving the security and diversity of the energy supply to Europe and Turkey. It will expand gas supply options and provide new energy transportation routes enabling Europe to access gas from the Caspian region and, in the longer term, beyond it, including the Eastern Mediterranean, Central Asia and the Middle East. In Turkey, which imports most of its gas, the Southern Gas Corridor will provide an additional source of natural gas and improve the country's infrastructure with better distribution of gas supplies, improved access to energy and inclusive regional growth. As a cross-regional infrastructure project, the Southern Gas Corridor will foster opportunities for international cooperation, economic integration and sustainable economic development in the region. Projects of such scale also create significant opportunities for local employment and businesses with the TANAP Project resulting in more than 9,000 jobs during construction and a further 300 new permanent jobs during operations in Turkey. Local benefits will include improvements in Turkey's regional road and social infrastructure as well as environmental mitigation programmes ensuring Project implementation in line with the requirements of the Bank and other international financial institutions. As countries undertake the long-term transition to a low carbon economy, gas will continue to play a significant role as a complementary fuel. As a relatively low-carbon fossil fuel providing a flexible power generation source, gas can be used to complement renewable energy sources as a reliable back-up to expanding intermittent renewable energy. Most new thermal facilities are expected to be fuelled by gas because of lower capital costs, greater flexibility to act as back-up to intermittent renewables and lower carbon footprint. As renewable energy is expanding and as greenhouse gas emission reduction goals are becoming more stringent, gas, as a lower carbon fuel, will have an increasingly prominent role in power generation in the move to a low carbon economy.European Bank for Reconstruction and DevelopmentSOUTHERN GAS CORRIDOR CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBAKU40.37767 49.89201437713385.28SOUTHERN GAS CORRIDOR CJSC4377133.85SOUTHERN GAS CORRIDOR CJSC132083566.49SOUTHERN GAS CORRIDOR CJSC87555591.35SOUTHERN GAS CORRIDOR CJSC87796298.7SOUTHERN GAS CORRIDOR CJSC53225523.07SOUTHERN GAS CORRIDOR CJSC50431547.75SOUTHERN GAS CORRIDOR CJSC22243724.07SOUTHERN GAS CORRIDOR CJSCSTATESTATESTATESTATEThe Trans-Anatolian Natural Gas Pipeline ("TANAP" or the "Project") is a natural gas pipeline crossing the territory of the Republic of Turkey to supply natural gas to the Republic of Turkey as well as European countries. The pipeline, which is currently under construction, will stretch from the Turkey/Georgia border to the Turkey/Greece border. The Project is implemented by TANAP Dogalgaz Iletim A.S. ("TANAP A.S."). Along with the EBRD, a number of other international financial institutions will support the project. The World Bank has committed USD 800 million financing for TANAP and the Asian Infrastructure Investment Bank has committed USD 600 million. The European Investment Bank is also considering financing for the TANAP project. Stretching across five countries of operations of the EBRD, the Southern Gas Corridor - of which the TANAP Project is an integral part - is an important strategic gas infrastructure project aimed at improving the security and diversity of the energy supply to Europe and Turkey. It will expand gas supply options and provide new energy transportation routes enabling Europe to access gas from the Caspian region and, in the longer term, beyond it, including the Eastern Mediterranean, Central Asia and the Middle East. In Turkey, which imports most of its gas, the Southern Gas Corridor will provide an additional source of natural gas and improve the country's infrastructure with better distribution of gas supplies, improved access to energy and inclusive regional growth. As a cross-regional infrastructure project, the Southern Gas Corridor will foster opportunities for international cooperation, economic integration and sustainable economic development in the region. Projects of such scale also create significant opportunities for local employment and businesses with the TANAP Project resulting in more than 9,000 jobs during construction and a further 300 new permanent jobs during operations in Turkey. Local benefits will include improvements in Turkey's regional road and social infrastructure as well as environmental mitigation programmes ensuring Project implementation in line with the requirements of the Bank and other international financial institutions. As countries undertake the long-term transition to a low carbon economy, gas will continue to play a significant role as a complementary fuel. As a relatively low-carbon fossil fuel providing a flexible power generation source, gas can be used to complement renewable energy sources as a reliable back-up to expanding intermittent renewable energy. Most new thermal facilities are expected to be fuelled by gas because of lower capital costs, greater flexibility to act as back-up to intermittent renewables and lower carbon footprint. As renewable energy is expanding and as greenhouse gas emission reduction goals are becoming more stringent, gas, as a lower carbon fuel, will have an increasingly prominent role in power generation in the move to a low carbon economy. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48376XI-IATI-EBRD-54983European Bank for Reconstruction and DevelopmentThe EBRD EUR 9.5 million senior unsecured loan with a 3-year tenor to Petrol d.d. Ljubljana ("Petrol" or the "Company") to finance EV recharging points installation programme for Light Duty Electric Vehicles (LDV) and Heavy Duty Electric Vehicles (HDV) in Slovenia and Croatia (the "Project"). The EBRD loan will support the Company's investments in EV recharging infrastructure, which entails installation of 105 EV recharging points, including 65 EV recharging points on 20 locations in Slovenia, of which 9 locations will ensure recharging infrastructure for HDV and 40 recharging points on 15 locations in Croatia, of which 8 locations will ensure recharging infrastructure for HDV. In line with its low carbon transition targets, Petrol joined an EU project, co-financed under Connecting Europe Facility - Transport Alternative Fuels Infrastructure Facility (CEF2 - Transport - AFIF), aimed to building a Pan-European network of 150 kW and 350 kW recharging points for LDV and HDV. With the support of the EBRD as implementing partner, Petrol applied for a grant funding under CEF2 - Transport - AFIF.European Bank for Reconstruction and DevelopmentPETROL DDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGZAGREB45.81444 15.97798LJUBLJANA46.05108 14.5051395000009500000PETROL DDPRIVATEPRIVATEPRIVATEThe EBRD EUR 9.5 million senior unsecured loan with a 3-year tenor to Petrol d.d. Ljubljana ("Petrol" or the "Company") to finance EV recharging points installation programme for Light Duty Electric Vehicles (LDV) and Heavy Duty Electric Vehicles (HDV) in Slovenia and Croatia (the "Project"). The EBRD loan will support the Company's investments in EV recharging infrastructure, which entails installation of 105 EV recharging points, including 65 EV recharging points on 20 locations in Slovenia, of which 9 locations will ensure recharging infrastructure for HDV and 40 recharging points on 15 locations in Croatia, of which 8 locations will ensure recharging infrastructure for HDV. In line with its low carbon transition targets, Petrol joined an EU project, co-financed under Connecting Europe Facility - Transport Alternative Fuels Infrastructure Facility (CEF2 - Transport - AFIF), aimed to building a Pan-European network of 150 kW and 350 kW recharging points for LDV and HDV. With the support of the EBRD as implementing partner, Petrol applied for a grant funding under CEF2 - Transport - AFIF. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54983XI-IATI-EBRD-54150European Bank for Reconstruction and DevelopmentA sovereign guaranteed loan of up to EUR 200 million, consisting of EUR 100 million to provide emergency capex financing to the JSC "Ukrainian Railways" (the "Company" or "UZ") and EUR 100 million to provide capital structure support (the "Project"). The loan will facilitate the expansion of the cross-border capacity and improve railway connectivity corridors with EU, address border crossing bottlenecks and mitigate war impact through rehabilitation of the relevant railway sections and other critical infrastructure investments. The EBRD loan is expected to be supported by the G7/EU guarantees of up to 50%. The Project will support the Company in addressing immediate critical needs to improve operations and ensure improved connectivity with EU, continue to provide vital services to people and businesses/private sector, maintaine logistics of key Ukrainian exports (including agricultural products) and critical imports. The financing would allow UZ to rehabilitate the key railway corridors on the border with EU and procure the rolling stock thereby providing a comprehensive solution for the Company to expand capacity on these rail corridors.European Bank for Reconstruction and DevelopmentUKRAINIAN RAILWAYS PJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.523811049933.89200000000UKRAINIAN RAILWAYS PJSC2000000UKRAINIAN RAILWAYS PJSC2099550UKRAINIAN RAILWAYS PJSC1873228.2UKRAINIAN RAILWAYS PJSC1503063.5UKRAINIAN RAILWAYS PJSC2281986.5UKRAINIAN RAILWAYS PJSC2108892.5UKRAINIAN RAILWAYS PJSC1794680.53UKRAINIAN RAILWAYS PJSC371146.04UKRAINIAN RAILWAYS PJSC981630.6UKRAINIAN RAILWAYS PJSC1332414.28UKRAINIAN RAILWAYS PJSC1298205UKRAINIAN RAILWAYS PJSC560354.4UKRAINIAN RAILWAYS PJSC1942457.23UKRAINIAN RAILWAYS PJSC2108892.5UKRAINIAN RAILWAYS PJSC1565677.2UKRAINIAN RAILWAYS PJSC1085602.17UKRAINIAN RAILWAYS PJSC1298205UKRAINIAN RAILWAYS PJSC1968290.16UKRAINIAN RAILWAYS PJSC5924672.01UKRAINIAN RAILWAYS PJSC861768.4UKRAINIAN RAILWAYS PJSC1013228.69UKRAINIAN RAILWAYS PJSC25000000UKRAINIAN RAILWAYS PJSC10254882.64UKRAINIAN RAILWAYS PJSC1805151UKRAINIAN RAILWAYS PJSC441443.52UKRAINIAN RAILWAYS PJSC441443.52UKRAINIAN RAILWAYS PJSC21415449.3UKRAINIAN RAILWAYS PJSC739150.4UKRAINIAN RAILWAYS PJSC54000000UKRAINIAN RAILWAYS PJSC1037247.12UKRAINIAN RAILWAYS PJSC1521595.76UKRAINIAN RAILWAYS PJSC882887.04UKRAINIAN RAILWAYS PJSC942546.42UKRAINIAN RAILWAYS PJSC594362.5UKRAINIAN RAILWAYS PJSC1061865.16UKRAINIAN RAILWAYS PJSC882887.04UKRAINIAN RAILWAYS PJSC1209465UKRAINIAN RAILWAYS PJSC477275UKRAINIAN RAILWAYS PJSC842403.8UKRAINIAN RAILWAYS PJSC750366UKRAINIAN RAILWAYS PJSC1848985.4UKRAINIAN RAILWAYS PJSC1324330.56UKRAINIAN RAILWAYS PJSC882887.04UKRAINIAN RAILWAYS PJSC441443.52UKRAINIAN RAILWAYS PJSC1280610UKRAINIAN RAILWAYS PJSC2712435UKRAINIAN RAILWAYS PJSC500244UKRAINIAN RAILWAYS PJSC882887.04UKRAINIAN RAILWAYS PJSC882887.04UKRAINIAN RAILWAYS PJSC1331941.5UKRAINIAN RAILWAYS PJSC1765774.08UKRAINIAN RAILWAYS PJSC601717UKRAINIAN RAILWAYS PJSC1180477.8UKRAINIAN RAILWAYS PJSC1060018.2UKRAINIAN RAILWAYS PJSC1866959.4UKRAINIAN RAILWAYS PJSC447310UKRAINIAN RAILWAYS PJSC882887.04UKRAINIAN RAILWAYS PJSC882887.04UKRAINIAN RAILWAYS PJSC1099201.4UKRAINIAN RAILWAYS PJSC313412UKRAINIAN RAILWAYS PJSC2298740.64UKRAINIAN RAILWAYS PJSC882887.04UKRAINIAN RAILWAYS PJSC428028UKRAINIAN RAILWAYS PJSC343915.2UKRAINIAN RAILWAYS PJSC178778.4UKRAINIAN RAILWAYS PJSC216068.8UKRAINIAN RAILWAYS PJSC193188UKRAINIAN RAILWAYS PJSC178820.8UKRAINIAN RAILWAYS PJSC882887.04UKRAINIAN RAILWAYS PJSC281374UKRAINIAN RAILWAYS PJSC601717UKRAINIAN RAILWAYS PJSCSTATESTATESTATESTATEA sovereign guaranteed loan of up to EUR 200 million, consisting of EUR 100 million to provide emergency capex financing to the JSC "Ukrainian Railways" (the "Company" or "UZ") and EUR 100 million to provide capital structure support (the "Project"). The loan will facilitate the expansion of the cross-border capacity and improve railway connectivity corridors with EU, address border crossing bottlenecks and mitigate war impact through rehabilitation of the relevant railway sections and other critical infrastructure investments. The EBRD loan is expected to be supported by the G7/EU guarantees of up to 50%. The Project will support the Company in addressing immediate critical needs to improve operations and ensure improved connectivity with EU, continue to provide vital services to people and businesses/private sector, maintaine logistics of key Ukrainian exports (including agricultural products) and critical imports. The financing would allow UZ to rehabilitate the key railway corridors on the border with EU and procure the rolling stock thereby providing a comprehensive solution for the Company to expand capacity on these rail corridors. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54150XI-IATI-EBRD-55412European Bank for Reconstruction and DevelopmentResilience and Livelihoods Guarantee ("RLG" or the "Project"), under the Resilience and Livelihoods Framework ("RLF"), in the form of an unfunded portfolio risk-sharing instrument covering up to 50 per cent of the credit risk in newly originated sub-leases with the total value of up to EUR 58 million equivalent (the "Covered Portfolio") to be originated by LLC OTP Leasing ("OTPL", the "PFI") in Ukraine. The Project will be delivered in two tranches: Tranche A (committed) includes EUR 7.5 million of EBRD's guarantee to cover EUR 30 million of the Covered Portfolio; Tranche B (uncommitted) will include up to EUR 7 million of EBRD's guarantee to cover up to EUR 28 million of the Covered Portfolio. *This sub-limit is part of EBRD's broader RLG facility to OTPL, covered by OpIDs 55412 and 55374 (under Resilience and Livelihoods Framework and Financial Intermediaries Framework, respectively), jointly referred to as the RLG Project. Both OpIDs are to be regulated under a single risk participation agreement with the PFI. The Project will support lending to Ukrainian companies operating in the primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in Ukraine.European Bank for Reconstruction and DevelopmentOTP LEASING LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.52381450000014500000OTP LEASING LLCPRIVATEPRIVATEPRIVATEResilience and Livelihoods Guarantee ("RLG" or the "Project"), under the Resilience and Livelihoods Framework ("RLF"), in the form of an unfunded portfolio risk-sharing instrument covering up to 50 per cent of the credit risk in newly originated sub-leases with the total value of up to EUR 58 million equivalent (the "Covered Portfolio") to be originated by LLC OTP Leasing ("OTPL", the "PFI") in Ukraine. The Project will be delivered in two tranches: Tranche A (committed) includes EUR 7.5 million of EBRD's guarantee to cover EUR 30 million of the Covered Portfolio; Tranche B (uncommitted) will include up to EUR 7 million of EBRD's guarantee to cover up to EUR 28 million of the Covered Portfolio. *This sub-limit is part of EBRD's broader RLG facility to OTPL, covered by OpIDs 55412 and 55374 (under Resilience and Livelihoods Framework and Financial Intermediaries Framework, respectively), jointly referred to as the RLG Project. Both OpIDs are to be regulated under a single risk participation agreement with the PFI. The Project will support lending to Ukrainian companies operating in the primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55412XI-IATI-EBRD-51676European Bank for Reconstruction and DevelopmentProvision of a senior loan to finance the acquisition and operation of a 48 MW portfolio of onshore windfarm in Linowo, Poland(the "Project").The borrower will be the special purpose compamy owning the wind farm QWP linow SP zoo (the "Borrower"). The project will contribute to climate mitigation by adding wind generation capacity to the national energy system, increasing the share of renewable energy generation in Poland. In addition, the project will support the entry of a new player in the Polish renewable energy market.European Bank for Reconstruction and DevelopmentQWP LINOWO SP ZOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.011781550755.916465467.82QWP LINOWO SP ZOOPRIVATEPRIVATEPRIVATEProvision of a senior loan to finance the acquisition and operation of a 48 MW portfolio of onshore windfarm in Linowo, Poland(the "Project").The borrower will be the special purpose compamy owning the wind farm QWP linow SP zoo (the "Borrower"). The project will contribute to climate mitigation by adding wind generation capacity to the national energy system, increasing the share of renewable energy generation in Poland. In addition, the project will support the entry of a new player in the Polish renewable energy market. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51676XI-IATI-EBRD-55292European Bank for Reconstruction and DevelopmentAn investment of up to PLN 127.8m (EUR 30m) in the green bond issuance by R.Power S.A. ("R.Power" or the "Company") of PLN 530m (EUR 125m) under an independently certified Green Bond Framework. Proceeds from the bond issuance will be used to finance and refinance capital expenditures for the development, construction and operation of solar photovoltaic, wind, battery energy storage projects on standalone and hybrid basis. Specifically, the Company has committed to invest an equivalent of the Bank's funds in battery energy storage projects in EBRD's Countries of Operations.European Bank for Reconstruction and DevelopmentRPOWER SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.0117829735424.52RPOWER SAPRIVATEPRIVATEPRIVATEAn investment of up to PLN 127.8m (EUR 30m) in the green bond issuance by R.Power S.A. ("R.Power" or the "Company") of PLN 530m (EUR 125m) under an independently certified Green Bond Framework. Proceeds from the bond issuance will be used to finance and refinance capital expenditures for the development, construction and operation of solar photovoltaic, wind, battery energy storage projects on standalone and hybrid basis. Specifically, the Company has committed to invest an equivalent of the Bank's funds in battery energy storage projects in EBRD's Countries of Operations. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55292XI-IATI-EBRD-54965European Bank for Reconstruction and DevelopmentProvision of a uni-tranche loan facility of up to EUR 75 million in favour of DL Invest Group E Sp. z o. o. (the "Borrower"), incorporated in Poland, to develop and operate build-to-suit industrial and logistics projects (the "Sub-Projects" and taken together the "Project") in regional cities in Poland. DL Invest Group PM S.A. (the "Client") owns 100% of the Borrower and will act as the developer of the Project. The EBRD secured InvestEU's first loss guarantee for the transaction.The EBRD is a leading implementing partner for the EU's InvestEU programme, which supports sustainable investment, innovation and job creation in the European Union. It aims to trigger more than €372 billion in additional investment between 2021 and 2027. Between 2022 and 2027 InvestEU guarantees worth €777 million will be leveraged by the EBRD to finance investments of up to €2.7 billion in eligible sectors The EBRD funding will support the development and operation of the Sub-Projects.European Bank for Reconstruction and DevelopmentDL INVEST GROUP E SP ZOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKATOWICE50.25841 19.02754681200025000000DL INVEST GROUP E SP ZOOPRIVATEPRIVATEPRIVATEProvision of a uni-tranche loan facility of up to EUR 75 million in favour of DL Invest Group E Sp. z o. o. (the "Borrower"), incorporated in Poland, to develop and operate build-to-suit industrial and logistics projects (the "Sub-Projects" and taken together the "Project") in regional cities in Poland. DL Invest Group PM S.A. (the "Client") owns 100% of the Borrower and will act as the developer of the Project. The EBRD secured InvestEU's first loss guarantee for the transaction.The EBRD is a leading implementing partner for the EU's InvestEU programme, which supports sustainable investment, innovation and job creation in the European Union. It aims to trigger more than €372 billion in additional investment between 2021 and 2027. Between 2022 and 2027 InvestEU guarantees worth €777 million will be leveraged by the EBRD to finance investments of up to €2.7 billion in eligible sectors The EBRD funding will support the development and operation of the Sub-Projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54965XI-IATI-EBRD-50022European Bank for Reconstruction and DevelopmentProvision of up to USD 35.4 million long-term debt financing together with the International Finance Corporation (IFC) for the development, construction and operation of a solar photovoltaic power plant with an installed capacity of 55 MWac located in the Masrik municipality, Gegharkunik Province, Armenia. The EBRD has also mobilised grant financing from the European Union's Neighbourhood Investment Platform ("NIP") in support of the project. The project is promoting the Bank's Green Economy Transition approach and supports the Armenian government's strategy of fostering low carbon generation, introducing a cheaper and cleaner source of power to the energy balance of Armenia and unlocking the country's renewables potential leading to a scaling-up of the solar generation sector in Armenia.European Bank for Reconstruction and DevelopmentFRV MASRIK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGMETS MASRIK45.76391 40.219481200773.915496804.7FRV MASRIK CJSCPRIVATEPRIVATEPRIVATEProvision of up to USD 35.4 million long-term debt financing together with the International Finance Corporation (IFC) for the development, construction and operation of a solar photovoltaic power plant with an installed capacity of 55 MWac located in the Masrik municipality, Gegharkunik Province, Armenia. The EBRD has also mobilised grant financing from the European Union's Neighbourhood Investment Platform ("NIP") in support of the project. The project is promoting the Bank's Green Economy Transition approach and supports the Armenian government's strategy of fostering low carbon generation, introducing a cheaper and cleaner source of power to the energy balance of Armenia and unlocking the country's renewables potential leading to a scaling-up of the solar generation sector in Armenia. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50022XI-IATI-EBRD-55099European Bank for Reconstruction and DevelopmentThe provision of a long-term, sustainability-linked loan of up to US$ 51.65 million to MCS Coca Cola LLC, a leading producer and distributor of soft drinks in Mongolia. The EBRD financing will support MCS Coca Cola to (i) renew, expand and modernise some of its production equipment and facilities, and (ii) realign its capital structure by refinancing financial debt to extend its maturity. Furthermore, as part of this project and with the support of the EBRD and E&Y Sustainability France, MCS Coca Cola prepared its first Sustainability Linked Loan Framework.European Bank for Reconstruction and DevelopmentMCS COCA-COLA LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGULAANBAATAR47.90771 106.8832420484986.43MCS COCA-COLA LLCPRIVATEPRIVATEPRIVATEThe provision of a long-term, sustainability-linked loan of up to US$ 51.65 million to MCS Coca Cola LLC, a leading producer and distributor of soft drinks in Mongolia. The EBRD financing will support MCS Coca Cola to (i) renew, expand and modernise some of its production equipment and facilities, and (ii) realign its capital structure by refinancing financial debt to extend its maturity. Furthermore, as part of this project and with the support of the EBRD and E&Y Sustainability France, MCS Coca Cola prepared its first Sustainability Linked Loan Framework. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55099XI-IATI-EBRD-54559European Bank for Reconstruction and DevelopmentThe proviion of a loan of up to US$ 25 million equivalent to Joint Stock Commercial Bank with Foreign Capital Hamkorbank (Hamkorbank) (MSME Loan III). The proceeds will be used to finance eligible MSMEs in accordance with the standard requirements set in the Policy Statement for the Financial Intermediary Framework (FIF). The MSME Loan III will enable Hamkorbank to maintain diversification of its funding base, extend duration of its liabilities and expand financing of MSMEs in Uzbekistan at a multiple of the EBRD financing.European Bank for Reconstruction and DevelopmentHAMKORBANK JSCBEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANDIJAN40.78338 72.3506722870406.64HAMKORBANK JSCBPRIVATEPRIVATEPRIVATEThe proviion of a loan of up to US$ 25 million equivalent to Joint Stock Commercial Bank with Foreign Capital Hamkorbank (Hamkorbank) (MSME Loan III). The proceeds will be used to finance eligible MSMEs in accordance with the standard requirements set in the Policy Statement for the Financial Intermediary Framework (FIF). The MSME Loan III will enable Hamkorbank to maintain diversification of its funding base, extend duration of its liabilities and expand financing of MSMEs in Uzbekistan at a multiple of the EBRD financing. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54559XI-IATI-EBRD-50738European Bank for Reconstruction and DevelopmentLoan of up to EUR 20 million to Compania de Apa Buzau, the regional water operator in the County of Buzau. The proceeds of the loan will be used to co-finance alongside EU Cohesion Funds an extension and modernisation of the company's water and wastewater infrastructure and services. The EU investment grants are being made available under the EU Large Infrastructure Operational Programme. The project aims to enable Compania de Apa Buzau to bring their water and wastewater services in line with EU environmental standards by co-financing the extension and rehabilitation of the company's water and wastewater network alongside the EU.European Bank for Reconstruction and DevelopmentCOMPANIA DE APA SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUZAU26.83333 45.1520000000COMPANIA DE APA SA500000COMPANIA DE APA SA2500000COMPANIA DE APA SA5000000COMPANIA DE APA SA1600000COMPANIA DE APA SA10400000COMPANIA DE APA SASTATESTATESTATESTATELoan of up to EUR 20 million to Compania de Apa Buzau, the regional water operator in the County of Buzau. The proceeds of the loan will be used to co-finance alongside EU Cohesion Funds an extension and modernisation of the company's water and wastewater infrastructure and services. The EU investment grants are being made available under the EU Large Infrastructure Operational Programme. The project aims to enable Compania de Apa Buzau to bring their water and wastewater services in line with EU environmental standards by co-financing the extension and rehabilitation of the company's water and wastewater network alongside the EU. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50738XI-IATI-EBRD-48414European Bank for Reconstruction and DevelopmentA sovereign loan of up to EUR 120 million to the Kingdom of Morocco to finance a 135 km primary transmission pipe from the Mdez dam to the Saiss plain in Northern Morocco (the "project") as part of a staged project. The project's objective is to replace water abstraction from the local aquifer and water resources of the Saiss plain, which is currently overexploited. The project will be implemented by a project implementation unit ("PIU") that will be set up by the Ministry of Agriculture and Maritime Fisheries ("MAMF").European Bank for Reconstruction and DevelopmentMOROCCO SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGRABAT34.01325 -6.83255120000000MOROCCO SOVEREIGN1200000MOROCCO SOVEREIGN7587833.06MOROCCO SOVEREIGN6399772.76MOROCCO SOVEREIGN10326341.88MOROCCO SOVEREIGN4193829.73MOROCCO SOVEREIGN7709155.3MOROCCO SOVEREIGN2316051.2MOROCCO SOVEREIGN2425958.33MOROCCO SOVEREIGN23714688.51MOROCCO SOVEREIGN18986973.83MOROCCO SOVEREIGN4225705.72MOROCCO SOVEREIGN961592.98MOROCCO SOVEREIGN5088358.67MOROCCO SOVEREIGN4388125.74MOROCCO SOVEREIGN5467146.59MOROCCO SOVEREIGN1309069.83MOROCCO SOVEREIGN852217.77MOROCCO SOVEREIGN254763.53MOROCCO SOVEREIGN960015.93MOROCCO SOVEREIGN1310941.58MOROCCO SOVEREIGN10321457.06MOROCCO SOVEREIGNSTATESTATESTATESTATEA sovereign loan of up to EUR 120 million to the Kingdom of Morocco to finance a 135 km primary transmission pipe from the Mdez dam to the Saiss plain in Northern Morocco (the "project") as part of a staged project. The project's objective is to replace water abstraction from the local aquifer and water resources of the Saiss plain, which is currently overexploited. The project will be implemented by a project implementation unit ("PIU") that will be set up by the Ministry of Agriculture and Maritime Fisheries ("MAMF"). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48414XI-IATI-EBRD-53423European Bank for Reconstruction and DevelopmentProvision of a sovereign loan of up to USD 43.2 million to finance the design and construction of a new general hospital with a capacity of about 250 beds. The Project is in the city of Darkhan and is being implemented by the Ministry of Health of Mongolia together with the Darkhan-Uul Province. The Project addresses the needs of the residents of Darkhan and the Darkhan-Uul Province for modern and high quality secondary healthcare facilities and services. It also improves the environmental sustainability of public infrastructure by applying higher resource efficiency standards to new hospital buildings being built under the Project.European Bank for Reconstruction and DevelopmentMONGOLIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGULAANBAATAR47.90771 106.8832437818436.4937818436.49MONGOLIA SOVEREIGNSTATESTATESTATESTATEProvision of a sovereign loan of up to USD 43.2 million to finance the design and construction of a new general hospital with a capacity of about 250 beds. The Project is in the city of Darkhan and is being implemented by the Ministry of Health of Mongolia together with the Darkhan-Uul Province. The Project addresses the needs of the residents of Darkhan and the Darkhan-Uul Province for modern and high quality secondary healthcare facilities and services. It also improves the environmental sustainability of public infrastructure by applying higher resource efficiency standards to new hospital buildings being built under the Project. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53423XI-IATI-EBRD-53689European Bank for Reconstruction and DevelopmentThe provision of a senior unsecured loan of up to US$ 80 million to Borusan Makina Kazakhstan LLP (BMK), a distributor ans seller of heavy machinery and the EBRD's existing client. The loan will be provided in two tranches of US$ 30 million each and a tranche of US$20 million. The loan will be used to fund the BMK's 2022-2024 capital expenditure plans (including expansion of component rebuild centre in the city of Karaganda and the acquisition of new equipment) as well as for working capital needs.European Bank for Reconstruction and DevelopmentBORUSAN MAKINA KAZAKHSTAN LLPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGALMATY43.25667 76.9286169651900.33BORUSAN MAKINA KAZAKHSTAN LLPPRIVATEPRIVATEPRIVATEThe provision of a senior unsecured loan of up to US$ 80 million to Borusan Makina Kazakhstan LLP (BMK), a distributor ans seller of heavy machinery and the EBRD's existing client. The loan will be provided in two tranches of US$ 30 million each and a tranche of US$20 million. The loan will be used to fund the BMK's 2022-2024 capital expenditure plans (including expansion of component rebuild centre in the city of Karaganda and the acquisition of new equipment) as well as for working capital needs. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53689XI-IATI-EBRD-50437European Bank for Reconstruction and DevelopmentProvision of a sovereign loan of up to EUR 10 million to the Government of Kosovo to be on-granted to the regional water company Hidromorava ("RWC HM" or the "Company") to finance a proportion of the extension and rehabilitation of the wastewater collection network and construction of a new wastewater treatment plant ("WWTP"). The loan will address critical wastewater treatment needs in the City of Gjilan and neighbouring communities and will benefit an estimated 110,000 inhabitants. The project will be co-financed with the European Investment Bank ("EIB"). The financing will enable the Company to rehabilitate, upgrade and extend its wastewater network, and construct a new centralised WWTP in order to collect and treat the wastewater to the relevant EU environmental standards. Implementation of the project will result in significant environmental benefits to local freshwater resources by considerably reducing the volumes of raw wastewater, and its associated pollutant loads, that will be discharged straight into the river. The Project is expected to increase the number of people connected the sewage network in the service area of the Company.European Bank for Reconstruction and DevelopmentKOSOVO SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGGJILAN42.46045 21.469866340004.610000000KOSOVO SOVEREIGN100000KOSOVO SOVEREIGN1195000KOSOVO SOVEREIGN1195000KOSOVO SOVEREIGN1050249.8KOSOVO SOVEREIGN119745.6KOSOVO SOVEREIGNSTATESTATESTATESTATEProvision of a sovereign loan of up to EUR 10 million to the Government of Kosovo to be on-granted to the regional water company Hidromorava ("RWC HM" or the "Company") to finance a proportion of the extension and rehabilitation of the wastewater collection network and construction of a new wastewater treatment plant ("WWTP"). The loan will address critical wastewater treatment needs in the City of Gjilan and neighbouring communities and will benefit an estimated 110,000 inhabitants. The project will be co-financed with the European Investment Bank ("EIB"). The financing will enable the Company to rehabilitate, upgrade and extend its wastewater network, and construct a new centralised WWTP in order to collect and treat the wastewater to the relevant EU environmental standards. Implementation of the project will result in significant environmental benefits to local freshwater resources by considerably reducing the volumes of raw wastewater, and its associated pollutant loads, that will be discharged straight into the river. The Project is expected to increase the number of people connected the sewage network in the service area of the Company. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50437XI-IATI-EBRD-55401European Bank for Reconstruction and DevelopmentThe transaction entails the provision of a sovereign loan to the Republic of Tajikistan of up to EUR 4.0 million (the "Loan") that will be co-financed with an investment grant of up to EUR 4.0 million (the "Grant") from the EBRD Shareholder Special Fund (SSF). The financing will be provided for the benefit of Bokhtar Water Company (the "Company"). The transaction is the 'trigger' project under the Integrated Water Resources Management Framework (the "Framework"). This project builds up on the success of EBRD's previous projects in the water sector of Tajikistan and aims to (i) address the critical water infrastructure rehabilitation needs, (ii) contribute towards improving the quality and reliability of potable water supply and treatment services, and (iii) improve financial and operational standing of utility achieved through a general reform programme to support cashless payments.European Bank for Reconstruction and DevelopmentTAJIKISTAN SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGDUSHANBE38.53575 68.7790539600004000000TAJIKISTAN SOVEREIGN40000TAJIKISTAN SOVEREIGNSTATESTATESTATESTATEThe transaction entails the provision of a sovereign loan to the Republic of Tajikistan of up to EUR 4.0 million (the "Loan") that will be co-financed with an investment grant of up to EUR 4.0 million (the "Grant") from the EBRD Shareholder Special Fund (SSF). The financing will be provided for the benefit of Bokhtar Water Company (the "Company"). The transaction is the 'trigger' project under the Integrated Water Resources Management Framework (the "Framework"). This project builds up on the success of EBRD's previous projects in the water sector of Tajikistan and aims to (i) address the critical water infrastructure rehabilitation needs, (ii) contribute towards improving the quality and reliability of potable water supply and treatment services, and (iii) improve financial and operational standing of utility achieved through a general reform programme to support cashless payments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55401XI-IATI-EBRD-49082European Bank for Reconstruction and DevelopmentA concession for the financing, development, maintenance, operation and management of the AD Aerodrom Nikola Tesla Beograd ("ANT" or "Belgrade Airport"). ANT is the main international airport in the Republic of Serbia and an asset of strategic importance for the country. The project will contribute to the Government of the Republic of Serbia's overall strategy to promote increased participation of the private sector in the Serbian economy. It is expected to deliver the efficient upgrading of the airport, including terminal refurbishment and expansion, refurbishment of the existing runway, construction of a temporary runway and expansion of the taxiway system.European Bank for Reconstruction and DevelopmentBELGRADE AIRPORT DOO BEOGRADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651372000000BELGRADE AIRPORT DOO BEOGRADPRIVATEPRIVATEPRIVATEA concession for the financing, development, maintenance, operation and management of the AD Aerodrom Nikola Tesla Beograd ("ANT" or "Belgrade Airport"). ANT is the main international airport in the Republic of Serbia and an asset of strategic importance for the country. The project will contribute to the Government of the Republic of Serbia's overall strategy to promote increased participation of the private sector in the Serbian economy. It is expected to deliver the efficient upgrading of the airport, including terminal refurbishment and expansion, refurbishment of the existing runway, construction of a temporary runway and expansion of the taxiway system. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49082XI-IATI-EBRD-54446European Bank for Reconstruction and DevelopmentThe provision of an unsecured senior loan of up to US$ 25 million in the local currency equivalent to Uzpromstroybank JSCB (UzPSB). The Loan will be provided in two tranches of US$ 15 million and US$ 10 million, the second tranche will be uncommitted. The Loan will be provided under the Financial Intermediaries Framework ("FIF"). Loan proceeds will be on-lent to local small and medium companies and private entrepreneurs as per the eligibility criteria defined in the Policy Statement for SMEs. The use of proceeds will be monitored based on quarterly sub-loan reports provided by UzPSB. The proceeds of the Bank's financing will support UzPSB's funding base and enable the bank to continue local currency lending to small and medium-sized businesses in Uzbekistan. The project will help channel the EBRD funding into the real sector of Uzbekistan and send a signal of confidence in UzPSB, its adherence to the reform agenda and in the resilience of the Uzbekistan financial sector.European Bank for Reconstruction and DevelopmentUZBEK INDUSTRIAL AND CONSTRUCTION BANK JSCB (UZPROMSTROYBANK)European Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.2162722083378.8UZBEK INDUSTRIAL AND CONSTRUCTION BANK JSCB (UZPROMSTROYBANK)PRIVATEPRIVATEPRIVATEThe provision of an unsecured senior loan of up to US$ 25 million in the local currency equivalent to Uzpromstroybank JSCB (UzPSB). The Loan will be provided in two tranches of US$ 15 million and US$ 10 million, the second tranche will be uncommitted. The Loan will be provided under the Financial Intermediaries Framework ("FIF"). Loan proceeds will be on-lent to local small and medium companies and private entrepreneurs as per the eligibility criteria defined in the Policy Statement for SMEs. The use of proceeds will be monitored based on quarterly sub-loan reports provided by UzPSB. The proceeds of the Bank's financing will support UzPSB's funding base and enable the bank to continue local currency lending to small and medium-sized businesses in Uzbekistan. The project will help channel the EBRD funding into the real sector of Uzbekistan and send a signal of confidence in UzPSB, its adherence to the reform agenda and in the resilience of the Uzbekistan financial sector. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54446XI-IATI-EBRD-52574European Bank for Reconstruction and DevelopmentA sovereign loan of up to EUR 1.8 million to the Republic of Tajikistan to be on-lent to the State Unitary Enterprise "Khojagii Manziliyu Kommunali of Fayzobod Region" (the "Company"). This company is responsible for the provision of water supply and solid waste services in the city of Fayzobod (the "City"), the capital of the Fayzobod Region (the "Region"). The Project aims to rehabilitate water supply and undertake selected wastewater improvements, which will help reduce water losses and result in environmental benefits. It is also expected to yield energy savings as the Company will switch from underground water supply to primarily gravity water supply. The reliability of water network would be greatly improved to provide clean water 24/7 as compared with the current schedule of few hours a day. The Project will mandate a signing of the Public Service Contract, adoption of a Corporate Development programme and improvement of the existing tariff methodology and tariff increase to cost-recovery level. The project will also aid Region's effort to introduce higher sanitary and hygiene standards. This has become even more urgent amid the COVID-19 crisis.European Bank for Reconstruction and DevelopmentTAJIKISTAN SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGDUSHANBE38.53575 68.779051302904.913150000TAJIKISTAN SOVEREIGN18000TAJIKISTAN SOVEREIGN44117TAJIKISTAN SOVEREIGN21360TAJIKISTAN SOVEREIGN39559.94TAJIKISTAN SOVEREIGN49244.7TAJIKISTAN SOVEREIGN171706.4TAJIKISTAN SOVEREIGN23324.67TAJIKISTAN SOVEREIGN216123.12TAJIKISTAN SOVEREIGN100135.21TAJIKISTAN SOVEREIGN45810.74TAJIKISTAN SOVEREIGN16336TAJIKISTAN SOVEREIGN7553.4TAJIKISTAN SOVEREIGN31401.93TAJIKISTAN SOVEREIGN81165.2TAJIKISTAN SOVEREIGN36037.88TAJIKISTAN SOVEREIGN42780TAJIKISTAN SOVEREIGN40515.66TAJIKISTAN SOVEREIGN75693.11TAJIKISTAN SOVEREIGN133208.33TAJIKISTAN SOVEREIGN113705.09TAJIKISTAN SOVEREIGN212011.24TAJIKISTAN SOVEREIGN51025.17TAJIKISTAN SOVEREIGN13500TAJIKISTAN SOVEREIGN42462.72TAJIKISTAN SOVEREIGN108217.19TAJIKISTAN SOVEREIGN112100.39TAJIKISTAN SOVEREIGNSTATESTATESTATESTATEA sovereign loan of up to EUR 1.8 million to the Republic of Tajikistan to be on-lent to the State Unitary Enterprise "Khojagii Manziliyu Kommunali of Fayzobod Region" (the "Company"). This company is responsible for the provision of water supply and solid waste services in the city of Fayzobod (the "City"), the capital of the Fayzobod Region (the "Region"). The Project aims to rehabilitate water supply and undertake selected wastewater improvements, which will help reduce water losses and result in environmental benefits. It is also expected to yield energy savings as the Company will switch from underground water supply to primarily gravity water supply. The reliability of water network would be greatly improved to provide clean water 24/7 as compared with the current schedule of few hours a day. The Project will mandate a signing of the Public Service Contract, adoption of a Corporate Development programme and improvement of the existing tariff methodology and tariff increase to cost-recovery level. The project will also aid Region's effort to introduce higher sanitary and hygiene standards. This has become even more urgent amid the COVID-19 crisis. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52574XI-IATI-EBRD-52256European Bank for Reconstruction and DevelopmentThe proceeds of the sovereign loan to the Kyrgyz Republic will be on-lent to the city of Kadamzhai for the benefit of the municipal water company. A sovereign loan of up to € 2.0 million under the KR Water and Wastewater Framework - Extension will support the modernisation of the Kadamzhai water supply infrastructure. The loan will be co-financed by a € 2.0 million investment grant from the EBRD Shareholder Special Fund. The Project will finance critical drinking water supply improvements in Kadamzhai, including the rehabilitation and extension of water network, supply and installation of water meters and testing equipment, reconstruction and new construction of reservoir, intake facilities and water disinfection unit, replacement of pumping equipment, construction of new wastewater treatment facilities and reconstruction and new construction of sewer collectors.European Bank for Reconstruction and DevelopmentKYRGYZ REPUBLIC SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBISHKEK42.87 74.5919800002000000KYRGYZ REPUBLIC SOVEREIGN20000KYRGYZ REPUBLIC SOVEREIGNSTATESTATESTATESTATEThe proceeds of the sovereign loan to the Kyrgyz Republic will be on-lent to the city of Kadamzhai for the benefit of the municipal water company. A sovereign loan of up to € 2.0 million under the KR Water and Wastewater Framework - Extension will support the modernisation of the Kadamzhai water supply infrastructure. The loan will be co-financed by a € 2.0 million investment grant from the EBRD Shareholder Special Fund. The Project will finance critical drinking water supply improvements in Kadamzhai, including the rehabilitation and extension of water network, supply and installation of water meters and testing equipment, reconstruction and new construction of reservoir, intake facilities and water disinfection unit, replacement of pumping equipment, construction of new wastewater treatment facilities and reconstruction and new construction of sewer collectors. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52256XI-IATI-EBRD-47397European Bank for Reconstruction and DevelopmentThe provision of a senior loan of up to USD 30 million to Sainshand Salkhin Park LLC (the "Company") to support the development, construction and operation of the Sainshand Wind Farm (the "Project"), a 55MW wind power plant to be located approximately 460km to the south east of Ulaanbaatar (UB) in the Gobi desert. The Sainshand Wind Farm will be the third wind energy project developed in Mongolia, following the Salkhit Wind Farm and the Tsetsii Wind Farm projects, which EBRD financed in 2012 and 2016 . The operation will contribute to reducing Mongolia's carbon intensity as well as meeting its increasing power demand. In addition, the project will also strengthen the private sector presence in the energy sector in the country and contribute to reaching the national renewable energy targets.European Bank for Reconstruction and DevelopmentSAINSHAND SALKHIN PARK LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGULAANBAATAR47.90771 106.8832427531296.51SAINSHAND SALKHIN PARK LLCPRIVATEPRIVATEPRIVATEThe provision of a senior loan of up to USD 30 million to Sainshand Salkhin Park LLC (the "Company") to support the development, construction and operation of the Sainshand Wind Farm (the "Project"), a 55MW wind power plant to be located approximately 460km to the south east of Ulaanbaatar (UB) in the Gobi desert. The Sainshand Wind Farm will be the third wind energy project developed in Mongolia, following the Salkhit Wind Farm and the Tsetsii Wind Farm projects, which EBRD financed in 2012 and 2016 . The operation will contribute to reducing Mongolia's carbon intensity as well as meeting its increasing power demand. In addition, the project will also strengthen the private sector presence in the energy sector in the country and contribute to reaching the national renewable energy targets. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47397XI-IATI-EBRD-52282European Bank for Reconstruction and DevelopmentThe proceeds of the sovereign loan to the Kyrgyz Republic will be on-lent to the city of Tash-Komur for the benefit of the municipal water company. A sovereign loan of up to €2.0 million under the KR Water and Wastewater Framework - Extension will support the modernisation of the Tash-Komur water supply infrastructure. The loan will be co-financed by a €2.0 million investment grant from the EBRD Shareholder Special Fund. The Project will finance critical drinking water supply improvements in Tash-Komur, including the rehabilitation and extension of water network, supply and installation of water meters and testing equipment, reconstruction and new construction of reservoir, intake facilities and water disinfection unit, replacement of pumping equipment, construction of new wastewater treatment facilities and reconstruction and new construction of sewer collectors.European Bank for Reconstruction and DevelopmentKYRGYZ REPUBLIC SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBISHKEK42.87 74.5919800002000000KYRGYZ REPUBLIC SOVEREIGN20000KYRGYZ REPUBLIC SOVEREIGNSTATESTATESTATESTATEThe proceeds of the sovereign loan to the Kyrgyz Republic will be on-lent to the city of Tash-Komur for the benefit of the municipal water company. A sovereign loan of up to €2.0 million under the KR Water and Wastewater Framework - Extension will support the modernisation of the Tash-Komur water supply infrastructure. The loan will be co-financed by a €2.0 million investment grant from the EBRD Shareholder Special Fund. The Project will finance critical drinking water supply improvements in Tash-Komur, including the rehabilitation and extension of water network, supply and installation of water meters and testing equipment, reconstruction and new construction of reservoir, intake facilities and water disinfection unit, replacement of pumping equipment, construction of new wastewater treatment facilities and reconstruction and new construction of sewer collectors. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52282XI-IATI-EBRD-50083European Bank for Reconstruction and DevelopmentThe EUR 14 million loan extension in favour of the Municipality of Craiova will be used to cover cost overruns under the GrCF2 W2 Craiova Urban Rehabilitation project. This is a further extension on top of the existing EBRD loan of EUR 24.2 million. The overall Bank's financing will be used for a mix of urban and energy efficiency investments in Craiova City, including: (i) acquisition of 40 buses and (ii) rehabilitation of a pool of public buildings. The loan extension will enable the City to finance cost overruns for the rehabilitation of 12 educational buildings. The increased costs are due to the impact of the Covid-19 pandemic, the energy crisis, and the war in Ukraine on the prices of materials, equipment and labour, as well as the incorporation of higher legal requirements for buildings, construction and fire safety. Null ValueEuropean Bank for Reconstruction and DevelopmentCITY OF CRAIOVAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCRAIOVA44.31667 23.838200000CITY OF CRAIOVA4114916.92CITY OF CRAIOVA2743000CITY OF CRAIOVA1130273CITY OF CRAIOVA822241.49CITY OF CRAIOVA448267.07CITY OF CRAIOVA1736732.93CITY OF CRAIOVA816911.03CITY OF CRAIOVA611407.89CITY OF CRAIOVA843699.16CITY OF CRAIOVA433526.66CITY OF CRAIOVA2449023.85CITY OF CRAIOVA1309193.91CITY OF CRAIOVA2262177.53CITY OF CRAIOVA988473.12CITY OF CRAIOVA562882.58CITY OF CRAIOVA2927272.86CITY OF CRAIOVA1686178.73CITY OF CRAIOVA2982778.91CITY OF CRAIOVA2331042.36CITY OF CRAIOVA3055440.36CITY OF CRAIOVA911624.23CITY OF CRAIOVA3032935.41CITY OF CRAIOVASTATESTATESTATESTATEThe EUR 14 million loan extension in favour of the Municipality of Craiova will be used to cover cost overruns under the GrCF2 W2 Craiova Urban Rehabilitation project. This is a further extension on top of the existing EBRD loan of EUR 24.2 million. The overall Bank's financing will be used for a mix of urban and energy efficiency investments in Craiova City, including: (i) acquisition of 40 buses and (ii) rehabilitation of a pool of public buildings. The loan extension will enable the City to finance cost overruns for the rehabilitation of 12 educational buildings. The increased costs are due to the impact of the Covid-19 pandemic, the energy crisis, and the war in Ukraine on the prices of materials, equipment and labour, as well as the incorporation of higher legal requirements for buildings, construction and fire safety. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50083XI-IATI-EBRD-46581European Bank for Reconstruction and DevelopmentThe Bank will provide a sovereign loan of up to USD 9.7 million (EUR 7.8 million) to Mongolia on-lend to the Municipality of Ulaanbaatar (the "City" or "Ulaanbaatar"), the largest city in Mongolia, to finance the City's Priority Investment Programme ("PIP"). The PIP includes investments designed to expand the City's landfilling capacity and build a Construction and Demolition Waste ("CDW") plant. Additionally, the machinery and equipment necessary for the landfill and CDW plant operations will be purchased. The Project will be co-financed by investment grants of USD 5.0 million (EUR 4.5 million) from the EU Asia Investment Facility. * Decrease pollution: the City's existing landfilling capacity is limited, and the quality of the existing landfill sites is sub-standard. The construction waste increasingly generated by the growing City is dumped into the existing landfills or elsewhere, without being crushed or recycled. The Project's objective is to help avoid environmental pollution related to the lack of landfilling capacity and introduce proper management practices in relation to construction waste. The Project's substantial environmental benefits include reduction of CO2 emissions (on average 18 thousand tonnes per annum or 300 thousand tonnes by 2037). * Prepare the City for a Green City Action Plan ("GCAP"): the Project will be one of the first subprojects under the Bank's Green City Framework ("GrCF"). The comprehensive GCAP will be developed for the City to identify priority environmental challenges and suggest corresponding green investments. With a number of environmental issues and under-developed infrastructure, Ulaanbaatar is an appropriate candidate for practical launch of the GrCF.European Bank for Reconstruction and DevelopmentMONGOLIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGULAANBAATAR47.90771 106.883240.018491639.67MONGOLIA SOVEREIGN84916.4MONGOLIA SOVEREIGN724955.86MONGOLIA SOVEREIGN101899.68MONGOLIA SOVEREIGN200732.53MONGOLIA SOVEREIGN1779707.7MONGOLIA SOVEREIGN226446.57MONGOLIA SOVEREIGN226792.59MONGOLIA SOVEREIGN221815.66MONGOLIA SOVEREIGN413814.49MONGOLIA SOVEREIGN2274563.88MONGOLIA SOVEREIGN262709.65MONGOLIA SOVEREIGN227232.87MONGOLIA SOVEREIGN1166534.22MONGOLIA SOVEREIGN280917.9MONGOLIA SOVEREIGN298599.66MONGOLIA SOVEREIGNSTATESTATESTATESTATEThe Bank will provide a sovereign loan of up to USD 9.7 million (EUR 7.8 million) to Mongolia on-lend to the Municipality of Ulaanbaatar (the "City" or "Ulaanbaatar"), the largest city in Mongolia, to finance the City's Priority Investment Programme ("PIP"). The PIP includes investments designed to expand the City's landfilling capacity and build a Construction and Demolition Waste ("CDW") plant. Additionally, the machinery and equipment necessary for the landfill and CDW plant operations will be purchased. The Project will be co-financed by investment grants of USD 5.0 million (EUR 4.5 million) from the EU Asia Investment Facility. * Decrease pollution: the City's existing landfilling capacity is limited, and the quality of the existing landfill sites is sub-standard. The construction waste increasingly generated by the growing City is dumped into the existing landfills or elsewhere, without being crushed or recycled. The Project's objective is to help avoid environmental pollution related to the lack of landfilling capacity and introduce proper management practices in relation to construction waste. The Project's substantial environmental benefits include reduction of CO2 emissions (on average 18 thousand tonnes per annum or 300 thousand tonnes by 2037). * Prepare the City for a Green City Action Plan ("GCAP"): the Project will be one of the first subprojects under the Bank's Green City Framework ("GrCF"). The comprehensive GCAP will be developed for the City to identify priority environmental challenges and suggest corresponding green investments. With a number of environmental issues and under-developed infrastructure, Ulaanbaatar is an appropriate candidate for practical launch of the GrCF. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/46581XI-IATI-EBRD-56472European Bank for Reconstruction and DevelopmentThe EBRD invested RON 297.6 million (around EUR 59 million) in a senior non-preferred ("SNP") sustainability bond issuance of RON 1.5 billion (around EUR 296 million), placed by Banca Transilvania S.A. ("BT"), a commercial bank incorporated in Romania, on 26 June 2025. The bond has a 7-year maturity, with a call option after the sixth year, and has been listed on the Bucharest Stock Exchange. Proceeds of the sustainability bond will be used for eligible green and social projects, in line with BT's Sustainable Finance Framework. The Project promotes the development of an ambitious and robust Transition Plan in accordance with the Paris Alignment methodology, which is expected to advance the climate practices of BT, effectively contributing to Romania's climate transition priorities. Furthermore, the Project contributes to the resilience and compliance with MREL requirements of the largest systemic bank in Romania and supports capital market development by facilitating the issuance of bonds listed on the local stock exchange, including in local currency.European Bank for Reconstruction and DevelopmentBANCA TRANSILVANIA SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCLUJ-NAPOCA46.76667 23.656804245.81BANCA TRANSILVANIA SAPRIVATEPRIVATEPRIVATEThe EBRD invested RON 297.6 million (around EUR 59 million) in a senior non-preferred ("SNP") sustainability bond issuance of RON 1.5 billion (around EUR 296 million), placed by Banca Transilvania S.A. ("BT"), a commercial bank incorporated in Romania, on 26 June 2025. The bond has a 7-year maturity, with a call option after the sixth year, and has been listed on the Bucharest Stock Exchange. Proceeds of the sustainability bond will be used for eligible green and social projects, in line with BT's Sustainable Finance Framework. The Project promotes the development of an ambitious and robust Transition Plan in accordance with the Paris Alignment methodology, which is expected to advance the climate practices of BT, effectively contributing to Romania's climate transition priorities. Furthermore, the Project contributes to the resilience and compliance with MREL requirements of the largest systemic bank in Romania and supports capital market development by facilitating the issuance of bonds listed on the local stock exchange, including in local currency. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56472XI-IATI-EBRD-56383European Bank for Reconstruction and DevelopmentThe EBRD is considering extending a sovereign-guaranteed loan of up to €37 million to JSC Elektrana Severna Makedonija (the "Company" or "ESM") to finance the development of the Bitola 3 PV plant. The project entails the construction of a 134 MWdc solar PV power plant on the site of the exhausted Bitola coal mine in North Macedonia (the "Project"). The total estimated cost of the Project is €87 million, which is to be co-financed with a €50 million sovereign guaranteed loan from Kreditanstalt für Wiederaufbau ("KfW"). The Project will deliver 134 MWdc of newly installed renewable energy capacity, generating approximately 175,947 MWh of green electricity annually and resulting in 130,729 tCO2 emission reductions. The Project is 100% GET and it's recognized as a key priority investment under the Just Energy Transition Investment Platform ("JETIP"), a flagship initiative launched in 2023 by Macedonian authorities, with technical support from the EBRD.European Bank for Reconstruction and DevelopmentPOWER PLANTS OF NORTH MACEDONIA JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.431413700000037000000POWER PLANTS OF NORTH MACEDONIA JSCSTATESTATESTATESTATEThe EBRD is considering extending a sovereign-guaranteed loan of up to €37 million to JSC Elektrana Severna Makedonija (the "Company" or "ESM") to finance the development of the Bitola 3 PV plant. The project entails the construction of a 134 MWdc solar PV power plant on the site of the exhausted Bitola coal mine in North Macedonia (the "Project"). The total estimated cost of the Project is €87 million, which is to be co-financed with a €50 million sovereign guaranteed loan from Kreditanstalt für Wiederaufbau ("KfW"). The Project will deliver 134 MWdc of newly installed renewable energy capacity, generating approximately 175,947 MWh of green electricity annually and resulting in 130,729 tCO2 emission reductions. The Project is 100% GET and it's recognized as a key priority investment under the Just Energy Transition Investment Platform ("JETIP"), a flagship initiative launched in 2023 by Macedonian authorities, with technical support from the EBRD. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56383XI-IATI-EBRD-53187European Bank for Reconstruction and DevelopmentThe provision of a 3-year senior loan in the amount of up to US$ 2 million (in Kazakhstan tenge equivalent) to a Kazakh private leasing company TechnoLeasing LLC under the Financial Intermediaries Framework (FIF). The financing will be used by TL to finance assets to be leased to local private micro, small and medium enterprises (MSMEs) in Kazakhstan. The project will enable further lease financing to private Kazakh MSMEs by supporting continued growth of one of the largest private leasing company in the market. It will also help to diversify TL's funding base. The project aims to ensure prudent lending practices as the Company will be required to maintain the portfolio quality at an acceptable level.European Bank for Reconstruction and DevelopmentTECHNOLEASING LLPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGASTANA51.1801 71.44598923749.9TECHNOLEASING LLPPRIVATEPRIVATEPRIVATEThe provision of a 3-year senior loan in the amount of up to US$ 2 million (in Kazakhstan tenge equivalent) to a Kazakh private leasing company TechnoLeasing LLC under the Financial Intermediaries Framework (FIF). The financing will be used by TL to finance assets to be leased to local private micro, small and medium enterprises (MSMEs) in Kazakhstan. The project will enable further lease financing to private Kazakh MSMEs by supporting continued growth of one of the largest private leasing company in the market. It will also help to diversify TL's funding base. The project aims to ensure prudent lending practices as the Company will be required to maintain the portfolio quality at an acceptable level. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53187XI-IATI-EBRD-53891European Bank for Reconstruction and DevelopmentThe provision of a senior synthetic KGS loan of up to US$ 4 million to Demir Kyrgyz International Bank (DKIB) under the Kyrgyz Republic GEFF (KyrSEFF III). The proceeds will be on-lent to sub-borrowers for energy efficiency, renewable energy, circular economy, and climate resilience investments. The project will further strengthen MSE competitiveness, improve climate resilience and promote the financial sector development in particular through local currency lending. The transaction will contribute towards building a more competitive financial sector through developing the internal capacity of DKIB for financing energy and water efficiency projects. This will be achieved through a technical assistance aimed at providing implementation support to DKIB and their customers, verification of the outcomes, and investment incentives to end borrowers. Sub-projects are selected according to technical and financial eligibility criteria set forth in the policy statement for KyrSEFF III. 100 per cent of the proceeds will be used for Green Economy Transition investments.European Bank for Reconstruction and DevelopmentDEMIR KYRGYZ INTERNATIONAL BANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBISHKEK42.87 74.593483688DEMIR KYRGYZ INTERNATIONAL BANK CJSCPRIVATEPRIVATEPRIVATEThe provision of a senior synthetic KGS loan of up to US$ 4 million to Demir Kyrgyz International Bank (DKIB) under the Kyrgyz Republic GEFF (KyrSEFF III). The proceeds will be on-lent to sub-borrowers for energy efficiency, renewable energy, circular economy, and climate resilience investments. The project will further strengthen MSE competitiveness, improve climate resilience and promote the financial sector development in particular through local currency lending. The transaction will contribute towards building a more competitive financial sector through developing the internal capacity of DKIB for financing energy and water efficiency projects. This will be achieved through a technical assistance aimed at providing implementation support to DKIB and their customers, verification of the outcomes, and investment incentives to end borrowers. Sub-projects are selected according to technical and financial eligibility criteria set forth in the policy statement for KyrSEFF III. 100 per cent of the proceeds will be used for Green Economy Transition investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53891XI-IATI-EBRD-53863European Bank for Reconstruction and DevelopmentProvision of an investment of up to MAD 200m (EUR 19.2m) in favour of Office National des Chemins de Fer ("ONCF"), Morocco's national integrated railway company. The investment will entail the subscription to a local currency senior secured green bond for up to MAD 1 billion (EUR 95 million equivalent) through public placement. The bond will be aligned with the Low Carbon Land Transport Criteria of the Climate Bonds Standard as verified by a Second Party Opinion ("SPO") and certified by the Climate Bonds Standard Board. The Bond proceeds will be used to refinance debt used to finance the electrified high-speed rail line linking Tangiers to Casablanca ("Al Boraq"). The investment will result in overall capital market development through supporting the first green bond in Morocco in the infrastructure sector. The development of an Environmental and Social Action Plan (ESAP) will require the client to comply with certain standards after subscription.European Bank for Reconstruction and DevelopmentOFFICE NATIONAL DES CHEMINS DE FEREuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGRABAT34.01325 -6.8325518656269.15OFFICE NATIONAL DES CHEMINS DE FER18656269.15OFFICE NATIONAL DES CHEMINS DE FERSTATESTATESTATESTATEProvision of an investment of up to MAD 200m (EUR 19.2m) in favour of Office National des Chemins de Fer ("ONCF"), Morocco's national integrated railway company. The investment will entail the subscription to a local currency senior secured green bond for up to MAD 1 billion (EUR 95 million equivalent) through public placement. The bond will be aligned with the Low Carbon Land Transport Criteria of the Climate Bonds Standard as verified by a Second Party Opinion ("SPO") and certified by the Climate Bonds Standard Board. The Bond proceeds will be used to refinance debt used to finance the electrified high-speed rail line linking Tangiers to Casablanca ("Al Boraq"). The investment will result in overall capital market development through supporting the first green bond in Morocco in the infrastructure sector. The development of an Environmental and Social Action Plan (ESAP) will require the client to comply with certain standards after subscription. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53863XI-IATI-EBRD-49650European Bank for Reconstruction and DevelopmentFinancing for the construction of a 75 km long detour of the existing section of M41 road between the towns of Obigarm and Nurobod (the "Project"), which is planned to be inundated by the end of 2023. The M41 road is Tajikistan's primary east i west road, which connects Dushanbe with the border to Kyrgyz Republic and onwards to Kazakhstan and China. The road is part of the CAREC corridor programme which seeks to expand economic cooperation among the region's neighboring countries and is actively supported by bilateral and multilateral development institutions. The Project financing is split among three IFIs: (i) a 30 km Section 1 to be financed by a grant from the ADB and a loan from OPEC Fund for International Development ("OFID"), (ii) a 44 km Section 2 to be financed by the EBRD (the "Bank") loan, and (iii) a 760 m automotive bridge construction across the Rogun HPP Reservoir, Section 3, to be financed by an AIIB loan. The Project will target one of the key barriers to economic and social development in the country i efficient and reliable functioning of transport corridors. The Project's principal objectives are: (i) the promotion of regional trade via the development of reliable and safe road corridors, (ii) the development of sustainable mechanisms for roads maintenance, and (ii) road safety improvements and improvement of environmental and social operation standards.European Bank for Reconstruction and DevelopmentTAJIKISTAN SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGDUSHANBE38.53575 68.7790559308.84131314015.58TAJIKISTAN SOVEREIGN1313140.16TAJIKISTAN SOVEREIGN499536.02TAJIKISTAN SOVEREIGN10811396.91TAJIKISTAN SOVEREIGN1746827.46TAJIKISTAN SOVEREIGN2744872.22TAJIKISTAN SOVEREIGN231248.8TAJIKISTAN SOVEREIGN1347174.11TAJIKISTAN SOVEREIGN146623.48TAJIKISTAN SOVEREIGN3130739.65TAJIKISTAN SOVEREIGN4963736.27TAJIKISTAN SOVEREIGN296131.62TAJIKISTAN SOVEREIGN7322005.97TAJIKISTAN SOVEREIGN4381106.33TAJIKISTAN SOVEREIGN279331.17TAJIKISTAN SOVEREIGN7540919.48TAJIKISTAN SOVEREIGN13132870.78TAJIKISTAN SOVEREIGN17518960.45TAJIKISTAN SOVEREIGN6934061.48TAJIKISTAN SOVEREIGN8448166.97TAJIKISTAN SOVEREIGN4878767.02TAJIKISTAN SOVEREIGN418222.01TAJIKISTAN SOVEREIGN4813732.89TAJIKISTAN SOVEREIGN8108212.19TAJIKISTAN SOVEREIGN5353206.92TAJIKISTAN SOVEREIGN322879.28TAJIKISTAN SOVEREIGN3502124.34TAJIKISTAN SOVEREIGN464991.68TAJIKISTAN SOVEREIGN2914843.48TAJIKISTAN SOVEREIGN7688877.6TAJIKISTAN SOVEREIGNSTATESTATESTATESTATEFinancing for the construction of a 75 km long detour of the existing section of M41 road between the towns of Obigarm and Nurobod (the "Project"), which is planned to be inundated by the end of 2023. The M41 road is Tajikistan's primary east i west road, which connects Dushanbe with the border to Kyrgyz Republic and onwards to Kazakhstan and China. The road is part of the CAREC corridor programme which seeks to expand economic cooperation among the region's neighboring countries and is actively supported by bilateral and multilateral development institutions. The Project financing is split among three IFIs: (i) a 30 km Section 1 to be financed by a grant from the ADB and a loan from OPEC Fund for International Development ("OFID"), (ii) a 44 km Section 2 to be financed by the EBRD (the "Bank") loan, and (iii) a 760 m automotive bridge construction across the Rogun HPP Reservoir, Section 3, to be financed by an AIIB loan. The Project will target one of the key barriers to economic and social development in the country i efficient and reliable functioning of transport corridors. The Project's principal objectives are: (i) the promotion of regional trade via the development of reliable and safe road corridors, (ii) the development of sustainable mechanisms for roads maintenance, and (ii) road safety improvements and improvement of environmental and social operation standards. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49650XI-IATI-EBRD-49875European Bank for Reconstruction and DevelopmentProvision of up to €30 million loan to finance the construction of a new 22,500 m3/day wastewater treatment facility, to replace and relocate an existing facility currently co-located at the Ain Ghazal Treatment Plant (AGTP), as well as a two-year phased operational period to ensure sustainability of the investment. The new facility will be located at Al Ghabawi and will serve approximately 5.5 million people, including 600,000 Syrians in Amman and the surrounding area. The Bank is looking to approve an additional €12 million to the original loan amount of €30 million, thus bringing total EBRD lending up to EUR 42 million, to finance a cost overrun after finalising the Project's tender and awarding process. Despite a significant increase in capex (primarily financed by IFIs), 20 per cent of the population in Amman and Zarqa are unconnected to the mains sewer system, creating a substantial need for a cost efficient and sustainable solution to collect, treat and dispose of individual septic tank waste effectively. The Project will replace the existing and now inadequate facility at Ain Ghazal. The Water Authority Jordan (WAJ) will construct a new dedicated septic tank wastewater treatment facility at the more remote location of Al Ghabawi (this transaction) and afterwards will decommission the septic tank facility at AGTP (the decommissioning will be done under a separate project).European Bank for Reconstruction and DevelopmentJORDAN SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGAMMAN31.95522 35.945038441898.8641300000JORDAN SOVEREIGN3384501.5JORDAN SOVEREIGN1889481.26JORDAN SOVEREIGN753234.52JORDAN SOVEREIGN2723323.57JORDAN SOVEREIGN1186635.2JORDAN SOVEREIGN1748543.3JORDAN SOVEREIGN1118921.28JORDAN SOVEREIGN953844.3JORDAN SOVEREIGN1684055.89JORDAN SOVEREIGN1589213.18JORDAN SOVEREIGN1682189.12JORDAN SOVEREIGN1691082.62JORDAN SOVEREIGN1534249.66JORDAN SOVEREIGN1790096.01JORDAN SOVEREIGN1662870.72JORDAN SOVEREIGN1914245.34JORDAN SOVEREIGN1577985.54JORDAN SOVEREIGN2610910.42JORDAN SOVEREIGN1362717.71JORDAN SOVEREIGNSTATESTATESTATESTATEProvision of up to €30 million loan to finance the construction of a new 22,500 m3/day wastewater treatment facility, to replace and relocate an existing facility currently co-located at the Ain Ghazal Treatment Plant (AGTP), as well as a two-year phased operational period to ensure sustainability of the investment. The new facility will be located at Al Ghabawi and will serve approximately 5.5 million people, including 600,000 Syrians in Amman and the surrounding area. The Bank is looking to approve an additional €12 million to the original loan amount of €30 million, thus bringing total EBRD lending up to EUR 42 million, to finance a cost overrun after finalising the Project's tender and awarding process. Despite a significant increase in capex (primarily financed by IFIs), 20 per cent of the population in Amman and Zarqa are unconnected to the mains sewer system, creating a substantial need for a cost efficient and sustainable solution to collect, treat and dispose of individual septic tank waste effectively. The Project will replace the existing and now inadequate facility at Ain Ghazal. The Water Authority Jordan (WAJ) will construct a new dedicated septic tank wastewater treatment facility at the more remote location of Al Ghabawi (this transaction) and afterwards will decommission the septic tank facility at AGTP (the decommissioning will be done under a separate project). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49875XI-IATI-EBRD-55547European Bank for Reconstruction and DevelopmentProvision of a senior unsecured Sustainability Linked Loan (SLL) of up to USD 100 million (EUR 89 million) in favour of Banque Misr (BM), to expand the number and financing for women-led or owned MSMEs as well as to support affordable housing for low-income individuals. The loan will incentivize Banque Misr's achievement of ambitious, predetermined Sustainability Performance Targets (SPTs) that cover social angles relating to supporting women-led or owned MSMEs and affordable low-income housing projects. Subject to the successful achievement of the SPTs, BM will benefit from a step-down mechanism that reduces the margin . Additionally, BM will be dedicating 50% of the EBRD facility to finance green eligible private projects, governed by the Policy Statement.European Bank for Reconstruction and DevelopmentBANQUE MISR SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496787542677.06BANQUE MISR SAEPRIVATEPRIVATEPRIVATEProvision of a senior unsecured Sustainability Linked Loan (SLL) of up to USD 100 million (EUR 89 million) in favour of Banque Misr (BM), to expand the number and financing for women-led or owned MSMEs as well as to support affordable housing for low-income individuals. The loan will incentivize Banque Misr's achievement of ambitious, predetermined Sustainability Performance Targets (SPTs) that cover social angles relating to supporting women-led or owned MSMEs and affordable low-income housing projects. Subject to the successful achievement of the SPTs, BM will benefit from a step-down mechanism that reduces the margin . Additionally, BM will be dedicating 50% of the EBRD facility to finance green eligible private projects, governed by the Policy Statement. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55547XI-IATI-EBRD-55422European Bank for Reconstruction and DevelopmentProvision of a senior unsecured GEFF loan of up to USD 10 mln (EUR 9.2 mln), of which up to USD 7.5 mln from EBRD and up to USD 2.5 mln from GCF, under the GCF Green Economy Financing Facility (GEFF) Framework. Tenor is up to 3 years, including a 1.5 year-grace period. The proceeds of the loan will be used for financing investments in climate change mitigation and adaptation technologies and services in line with the standards and reporting requirements for the GCF-GEFF Regional Framework.European Bank for Reconstruction and DevelopmentKHAN BANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGULAANBAATAR47.90771 106.883246565700.78KHAN BANK JSCPRIVATEPRIVATEPRIVATEProvision of a senior unsecured GEFF loan of up to USD 10 mln (EUR 9.2 mln), of which up to USD 7.5 mln from EBRD and up to USD 2.5 mln from GCF, under the GCF Green Economy Financing Facility (GEFF) Framework. Tenor is up to 3 years, including a 1.5 year-grace period. The proceeds of the loan will be used for financing investments in climate change mitigation and adaptation technologies and services in line with the standards and reporting requirements for the GCF-GEFF Regional Framework. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55422XI-IATI-EBRD-56076European Bank for Reconstruction and DevelopmentThe provision of a USD 10m senior secured long-term loan to finance Company's expansion of retail chain in Tashkent city and wider regions of Uzbekistan. The Project aims to (i) strengthen the Company's competitive position by expanding its retail footprint and enhancing its e-commerce; (ii) improve its corporate governance framework and practices; and (iii) foster its digital transformation.European Bank for Reconstruction and DevelopmentTEXNOMART LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.216278754267.7TEXNOMART LLCPRIVATEPRIVATEPRIVATEThe provision of a USD 10m senior secured long-term loan to finance Company's expansion of retail chain in Tashkent city and wider regions of Uzbekistan. The Project aims to (i) strengthen the Company's competitive position by expanding its retail footprint and enhancing its e-commerce; (ii) improve its corporate governance framework and practices; and (iii) foster its digital transformation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56076XI-IATI-EBRD-55421European Bank for Reconstruction and DevelopmentThe provision of a US$ 10 million loan to Credit Asia Group, a leading electronics and household appliances retail chain with stores in Tashkent and Namangan. The project will support the Group's growing working capital needs associated with its expansion to the regions. The Project aims to (i) strengthen Credit Asia's competitive position by widening its regional physical and online presence; and (ii) reduce regional income inequality by providing equal employment opportunities for the under-served regions.European Bank for Reconstruction and DevelopmentSIFAT-BIZNES-SAVDO LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.216274377133.85SIFAT-BIZNES-SAVDO LLCPRIVATEPRIVATEPRIVATEThe provision of a US$ 10 million loan to Credit Asia Group, a leading electronics and household appliances retail chain with stores in Tashkent and Namangan. The project will support the Group's growing working capital needs associated with its expansion to the regions. The Project aims to (i) strengthen Credit Asia's competitive position by widening its regional physical and online presence; and (ii) reduce regional income inequality by providing equal employment opportunities for the under-served regions. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55421XI-IATI-EBRD-54933European Bank for Reconstruction and DevelopmentThe provision of long-term senior debt of up to US$ 141.6 million to finance the development, construction and operation of a solar photovoltaic power plant with a capacity of 300 MW and a battery energy storage system with 75 MW installed capacity in the Guzar district of Kashkadarya region of Uzbekistan (the "Project").The financing will be provided to Nur Kashkadarya Solar PV FE LLC, a special purpose vehicle (the "Borrower") established in Uzbekistan and fully owned by Abu Dhabi Future Energy Company PJSC (the "Sponsor", Masdar). The EBRD is also mobilising concessional finance from the EBRD's High Impact Partnership on Climate Action (HIPCA), Special Shareholders Fund (SSF), and Japan-EBRD Cooperation Fund (JECF). This Project aligns with the government of Uzbekistan's strategic objective of expanding the proportion of renewable energy sources in its national energy mix, aiming to establish 25 GW of solar and wind power by 2030. By contributing 300 MW of solar generation capacity coupled with 75 MW of battery storage capacity to the national power grid, this project will play a significant role in assisting Uzbekistan in achieving its low-carbon transition targets.European Bank for Reconstruction and DevelopmentNUR KASHKADARYA SOLAR PV FE LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.21627123960430.71123960430.71NUR KASHKADARYA SOLAR PV FE LLCPRIVATEPRIVATEPRIVATEThe provision of long-term senior debt of up to US$ 141.6 million to finance the development, construction and operation of a solar photovoltaic power plant with a capacity of 300 MW and a battery energy storage system with 75 MW installed capacity in the Guzar district of Kashkadarya region of Uzbekistan (the "Project").The financing will be provided to Nur Kashkadarya Solar PV FE LLC, a special purpose vehicle (the "Borrower") established in Uzbekistan and fully owned by Abu Dhabi Future Energy Company PJSC (the "Sponsor", Masdar). The EBRD is also mobilising concessional finance from the EBRD's High Impact Partnership on Climate Action (HIPCA), Special Shareholders Fund (SSF), and Japan-EBRD Cooperation Fund (JECF). This Project aligns with the government of Uzbekistan's strategic objective of expanding the proportion of renewable energy sources in its national energy mix, aiming to establish 25 GW of solar and wind power by 2030. By contributing 300 MW of solar generation capacity coupled with 75 MW of battery storage capacity to the national power grid, this project will play a significant role in assisting Uzbekistan in achieving its low-carbon transition targets. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54933XI-IATI-EBRD-55264European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to €12.5 million to be provided in one single tranche to Raiffeisen Bank d.d. Bosnia and Herzegovina (the "Bank"). The EBRD loan is expected to mobilise additional senior unsecured funding from an international investor. The proposed transaction aims to support the resilience and regulatory compliance of the Bank. The loan will also facilitate the Bank's expansion of lending to private small and medium-sized enterprises ("SMEs"), including businesses operating in less economically developed regions of the country. The bank will aim to allocate 20 per cent of the proceeds to GET-eligible projects.European Bank for Reconstruction and DevelopmentRAIFFEISEN BANK DD BOSNIA AND HERZEGOVINAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.3564412500000RAIFFEISEN BANK DD BOSNIA AND HERZEGOVINAPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to €12.5 million to be provided in one single tranche to Raiffeisen Bank d.d. Bosnia and Herzegovina (the "Bank"). The EBRD loan is expected to mobilise additional senior unsecured funding from an international investor. The proposed transaction aims to support the resilience and regulatory compliance of the Bank. The loan will also facilitate the Bank's expansion of lending to private small and medium-sized enterprises ("SMEs"), including businesses operating in less economically developed regions of the country. The bank will aim to allocate 20 per cent of the proceeds to GET-eligible projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55264XI-IATI-EBRD-54404European Bank for Reconstruction and DevelopmentThe provision of a senior loan of US$ 10 million equivalent to Davr Bank to be used for on-lending to eligible micro, small and medium-sized enterprises (MSMEs) in Uzbekistan. The proceeds of the loan will help Davr Bank to continue supporting eligible MSMEs in Uzbekistan. At least 35 per cent of each tranche of the EBRD loan is expected to be on-lent to women-led MSMEs.European Bank for Reconstruction and DevelopmentDAVR BANK PJSCBEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.216278928150.39DAVR BANK PJSCBPRIVATEPRIVATEPRIVATEThe provision of a senior loan of US$ 10 million equivalent to Davr Bank to be used for on-lending to eligible micro, small and medium-sized enterprises (MSMEs) in Uzbekistan. The proceeds of the loan will help Davr Bank to continue supporting eligible MSMEs in Uzbekistan. At least 35 per cent of each tranche of the EBRD loan is expected to be on-lent to women-led MSMEs. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54404XI-IATI-EBRD-54549European Bank for Reconstruction and DevelopmentThe provision of a long-term, senior A/B loan, including an A loan of up to USD 183.5 million, for the development, design, construction and operation of a 200MW solar photovoltaic power plant and 500 MWh battery energy storage system (BESS) located in the Tashkent region in Uzbekistan (the Project). ACWA Power Riverside Solar LLC, a special purpose vehicle established in Uzbekistan, will act as the borrower. ACWA Power will act as the sponsor for the project. The Project will add 200 MW of solar generation capacity and 500 MWh of BESS to the power system of Uzbekistan. The Project will help to improve reliability of intermittent solar power generation in Uzbekistan by introducing battery storage. This is a landmark project for Uzbekistan as it introduces an unprecedented 500MWh of BESS in the country. Successful implementation of the Project will pave the way for broader implementation of renewable projects helping to mitigate intermittence constrains of RES capacity.European Bank for Reconstruction and DevelopmentACWA POWER RIVERSIDE SOLAR LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.21627160624175.79ACWA POWER RIVERSIDE SOLAR LLCPRIVATEPRIVATEPRIVATEThe provision of a long-term, senior A/B loan, including an A loan of up to USD 183.5 million, for the development, design, construction and operation of a 200MW solar photovoltaic power plant and 500 MWh battery energy storage system (BESS) located in the Tashkent region in Uzbekistan (the Project). ACWA Power Riverside Solar LLC, a special purpose vehicle established in Uzbekistan, will act as the borrower. ACWA Power will act as the sponsor for the project. The Project will add 200 MW of solar generation capacity and 500 MWh of BESS to the power system of Uzbekistan. The Project will help to improve reliability of intermittent solar power generation in Uzbekistan by introducing battery storage. This is a landmark project for Uzbekistan as it introduces an unprecedented 500MWh of BESS in the country. Successful implementation of the Project will pave the way for broader implementation of renewable projects helping to mitigate intermittence constrains of RES capacity. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54549XI-IATI-EBRD-52010European Bank for Reconstruction and DevelopmentProvision of a sovereign guaranteed loan to the National Electric Power Company (NEPCO) to assist NEPCO in preserving the stability of the electrical system and manage its liquidity constraints resulting from the ongoing COVID-19 crisis. The proceeds of the Bank's loan will be used to provide urgent liquidity support to NEPCO to meet its short-term payment obligations. The project is developed under the Vital Infrastructure Support Programme (VISP) which is part of the EBRD COVID-19 Solidarity Package.European Bank for Reconstruction and DevelopmentNATIONAL ELECTRIC POWER COMPANYEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGAMMAN31.95522 35.945030.0187542677.06NATIONAL ELECTRIC POWER COMPANY875426.77NATIONAL ELECTRIC POWER COMPANY86667250.28NATIONAL ELECTRIC POWER COMPANYSTATESTATESTATESTATEProvision of a sovereign guaranteed loan to the National Electric Power Company (NEPCO) to assist NEPCO in preserving the stability of the electrical system and manage its liquidity constraints resulting from the ongoing COVID-19 crisis. The proceeds of the Bank's loan will be used to provide urgent liquidity support to NEPCO to meet its short-term payment obligations. The project is developed under the Vital Infrastructure Support Programme (VISP) which is part of the EBRD COVID-19 Solidarity Package. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52010XI-IATI-EBRD-50034European Bank for Reconstruction and DevelopmentA sovereign guaranteed loan to the National Electric Power Company (NEPCO) to assist NEPCO in its reforms and developing Jordan's electricity sector. The Project will support NEPCO to adapt its operations to allow for further development of renewable energy in Jordan and to improve the sector's sustainability. The proceeds of the Bank's loan will be used for NEPCO to (i) finance capital expenditures to improve renewable energy integration, including smart grid systems and new substations; and (ii) refinance existing debt to lengthen the tenors and provide terms more consistent with its operations.European Bank for Reconstruction and DevelopmentNATIONAL ELECTRIC POWER COMPANYEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGAMMAN31.95522 35.9450321120101.61231988094.2NATIONAL ELECTRIC POWER COMPANY2319880.94NATIONAL ELECTRIC POWER COMPANY85222796.11NATIONAL ELECTRIC POWER COMPANY87542677.06NATIONAL ELECTRIC POWER COMPANY239353.6NATIONAL ELECTRIC POWER COMPANY290927.36NATIONAL ELECTRIC POWER COMPANY475424.29NATIONAL ELECTRIC POWER COMPANY826008.84NATIONAL ELECTRIC POWER COMPANY535489.28NATIONAL ELECTRIC POWER COMPANY1057956.67NATIONAL ELECTRIC POWER COMPANY1927365.25NATIONAL ELECTRIC POWER COMPANY3748424.93NATIONAL ELECTRIC POWER COMPANY1866668.73NATIONAL ELECTRIC POWER COMPANY1760265.55NATIONAL ELECTRIC POWER COMPANY2206306.78NATIONAL ELECTRIC POWER COMPANY330340.1NATIONAL ELECTRIC POWER COMPANY282412.68NATIONAL ELECTRIC POWER COMPANY3669567.31NATIONAL ELECTRIC POWER COMPANY89808.13NATIONAL ELECTRIC POWER COMPANY597599.06NATIONAL ELECTRIC POWER COMPANY1014375.68NATIONAL ELECTRIC POWER COMPANY333726.17NATIONAL ELECTRIC POWER COMPANY119774.01NATIONAL ELECTRIC POWER COMPANY761561.94NATIONAL ELECTRIC POWER COMPANY139691.11NATIONAL ELECTRIC POWER COMPANY154450.3NATIONAL ELECTRIC POWER COMPANY970105.66NATIONAL ELECTRIC POWER COMPANY212464.57NATIONAL ELECTRIC POWER COMPANY92793.75NATIONAL ELECTRIC POWER COMPANY308878.97NATIONAL ELECTRIC POWER COMPANY751303.88NATIONAL ELECTRIC POWER COMPANY183562.02NATIONAL ELECTRIC POWER COMPANY139939.11NATIONAL ELECTRIC POWER COMPANY443498.99NATIONAL ELECTRIC POWER COMPANY437398.49NATIONAL ELECTRIC POWER COMPANY98620.61NATIONAL ELECTRIC POWER COMPANY282396.44NATIONAL ELECTRIC POWER COMPANY135567.87NATIONAL ELECTRIC POWER COMPANY312020.84NATIONAL ELECTRIC POWER COMPANY300767.14NATIONAL ELECTRIC POWER COMPANY410934.33NATIONAL ELECTRIC POWER COMPANY164391.99NATIONAL ELECTRIC POWER COMPANY160725.59NATIONAL ELECTRIC POWER COMPANY89245.29NATIONAL ELECTRIC POWER COMPANY1904002.89NATIONAL ELECTRIC POWER COMPANY108646.07NATIONAL ELECTRIC POWER COMPANY758780.84NATIONAL ELECTRIC POWER COMPANY103579.41NATIONAL ELECTRIC POWER COMPANY2810518.83NATIONAL ELECTRIC POWER COMPANY180040.56NATIONAL ELECTRIC POWER COMPANY140486.78NATIONAL ELECTRIC POWER COMPANY1029887.2NATIONAL ELECTRIC POWER COMPANY824582.59NATIONAL ELECTRIC POWER COMPANYSTATESTATESTATESTATEA sovereign guaranteed loan to the National Electric Power Company (NEPCO) to assist NEPCO in its reforms and developing Jordan's electricity sector. The Project will support NEPCO to adapt its operations to allow for further development of renewable energy in Jordan and to improve the sector's sustainability. The proceeds of the Bank's loan will be used for NEPCO to (i) finance capital expenditures to improve renewable energy integration, including smart grid systems and new substations; and (ii) refinance existing debt to lengthen the tenors and provide terms more consistent with its operations. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50034XI-IATI-EBRD-53073European Bank for Reconstruction and DevelopmentInvestment of EUR 10 million in the first Sustainability Link Bond (SLB) issuance of EUR 48 million placed by Autonom in November 2021 and to be listed on the Bucharest Stock Exchange, as part of the company's 5-year EUR 250 million Corporate Bonds Offering Programme. The funds from the bond issuance will be used to support the company's further growth by assisting it to expand its car fleet, in order to meet increasing demand from local companies. The proceeds will be used for general business purposes including: acquiring new vehicles to be used for expanding the operating leasing and short term rental business lines (the "Project"). By launching the Sustainability Link Bond issuance, Autonom signals its commitment to significantly reduce the carbon footprint of both its own vehicle fleet as well as its car leasing and renting operations (also by providing a solution to corporates to reduce their transport-related emissions) which is consistent with decarbonisation objectives of transport and corporate sectors in EU countries. The company has developed a Sustainability Strategy and Framework with a Sustainability Performance Target of a 25% reduction in the carbon intensity of the Company's fleet by 2025 from 2020 baseline, and by 51% by 2030. This target is considered to be ambitious compared to EU targets for 2025/2030.European Bank for Reconstruction and DevelopmentAUTONOM SERVICES SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPIATRA NEAMT46.91667 26.333310000000AUTONOM SERVICES SAPRIVATEPRIVATEPRIVATEInvestment of EUR 10 million in the first Sustainability Link Bond (SLB) issuance of EUR 48 million placed by Autonom in November 2021 and to be listed on the Bucharest Stock Exchange, as part of the company's 5-year EUR 250 million Corporate Bonds Offering Programme. The funds from the bond issuance will be used to support the company's further growth by assisting it to expand its car fleet, in order to meet increasing demand from local companies. The proceeds will be used for general business purposes including: acquiring new vehicles to be used for expanding the operating leasing and short term rental business lines (the "Project"). By launching the Sustainability Link Bond issuance, Autonom signals its commitment to significantly reduce the carbon footprint of both its own vehicle fleet as well as its car leasing and renting operations (also by providing a solution to corporates to reduce their transport-related emissions) which is consistent with decarbonisation objectives of transport and corporate sectors in EU countries. The company has developed a Sustainability Strategy and Framework with a Sustainability Performance Target of a 25% reduction in the carbon intensity of the Company's fleet by 2025 from 2020 baseline, and by 51% by 2030. This target is considered to be ambitious compared to EU targets for 2025/2030. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53073XI-IATI-EBRD-53733European Bank for Reconstruction and DevelopmentThe provision of a senior synthetic KGS loan of up to US$ 4 million to FINCA Bank under the Central Asian Women in Business Programme (CA WiB) for on-lending to women-led micro, small and medium-sized enterprises. The project objective is to promote and support women entrepreneurship in Kyrgyz Republic and, more broadly, women's participation in business by assisting women-led micro, small and medium-sized enterprises (MSMEs) to access finance, know-how and advice, particularly in the country's regions. The financing gap is a major obstacle in enabling the transition of women-led MSMEs.European Bank for Reconstruction and DevelopmentFINCA BANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBISHKEK42.87 74.593501707.08FINCA BANK CJSCPRIVATEPRIVATEPRIVATEThe provision of a senior synthetic KGS loan of up to US$ 4 million to FINCA Bank under the Central Asian Women in Business Programme (CA WiB) for on-lending to women-led micro, small and medium-sized enterprises. The project objective is to promote and support women entrepreneurship in Kyrgyz Republic and, more broadly, women's participation in business by assisting women-led micro, small and medium-sized enterprises (MSMEs) to access finance, know-how and advice, particularly in the country's regions. The financing gap is a major obstacle in enabling the transition of women-led MSMEs. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53733XI-IATI-EBRD-47624European Bank for Reconstruction and DevelopmentThe EBRD supports further improvements of the public transport system in the city of Bishkek (the "City") by extending a sovereign loan of up to EUR 5.0 million (provided in two tranches) to the Kyrgyz Republic. The loan funds will be on-lent to the City for the benefit of Municipal Enterprise "Bishkek Trolleybus Department" (the "Company"). The loan is co-financed by a EUR 2.9 million grant from the EBRD Shareholder Special Fund (also provided in two tranches). The proceeds of the loan and grant will be used to purchase 49 new low-floor trolleybuses (the "Project"). The Project's purpose is to contribute further to expanding electric transport in the City. In addition, a Public Transport Development Strategy (focused on enhanced regulatory framework) will be prepared to support the implementation of the new urban transport master plan in the City.European Bank for Reconstruction and DevelopmentKYRGYZ REPUBLIC SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBISHKEK42.87 74.595000000KYRGYZ REPUBLIC SOVEREIGN30000KYRGYZ REPUBLIC SOVEREIGN20000KYRGYZ REPUBLIC SOVEREIGN1484998KYRGYZ REPUBLIC SOVEREIGN366420KYRGYZ REPUBLIC SOVEREIGN662644.8KYRGYZ REPUBLIC SOVEREIGN170996KYRGYZ REPUBLIC SOVEREIGN427490KYRGYZ REPUBLIC SOVEREIGN977120KYRGYZ REPUBLIC SOVEREIGN561844KYRGYZ REPUBLIC SOVEREIGN298478.12KYRGYZ REPUBLIC SOVEREIGNSTATESTATESTATESTATEThe EBRD supports further improvements of the public transport system in the city of Bishkek (the "City") by extending a sovereign loan of up to EUR 5.0 million (provided in two tranches) to the Kyrgyz Republic. The loan funds will be on-lent to the City for the benefit of Municipal Enterprise "Bishkek Trolleybus Department" (the "Company"). The loan is co-financed by a EUR 2.9 million grant from the EBRD Shareholder Special Fund (also provided in two tranches). The proceeds of the loan and grant will be used to purchase 49 new low-floor trolleybuses (the "Project"). The Project's purpose is to contribute further to expanding electric transport in the City. In addition, a Public Transport Development Strategy (focused on enhanced regulatory framework) will be prepared to support the implementation of the new urban transport master plan in the City. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47624XI-IATI-EBRD-50336European Bank for Reconstruction and DevelopmentThe proposed transaction is an equity commitment of up to USD 8 million in favour of Highland Private Equity & Mezzanine Fund LP (the "Fund"). The Fund will make mezzanine and equity related investments in small and medium-sized enterprises in the Kyrgyz Republic, with the objective of achieving long-term capital appreciation.European Bank for Reconstruction and DevelopmentHIGHLAND PRIVATE EQUITY AND MEZZANINE FUND LPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBISHKEK42.87 74.59TASHKENT41.26465 69.216271494036.377091236.47HIGHLAND PRIVATE EQUITY AND MEZZANINE FUND LPPRIVATEPRIVATEPRIVATEThe proposed transaction is an equity commitment of up to USD 8 million in favour of Highland Private Equity & Mezzanine Fund LP (the "Fund"). The Fund will make mezzanine and equity related investments in small and medium-sized enterprises in the Kyrgyz Republic, with the objective of achieving long-term capital appreciation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50336XI-IATI-EBRD-49793European Bank for Reconstruction and DevelopmentThe provision of a sovereign loan of up to €50 million in favour of the Kyrgyz Republic to rehabilitate the irrigation water conveyance infrastructure in the country ("the Project"). The loan will consist of three tranches: Tranche 1 of up to €14.13 million, Tranche 2 of up to €26.93 million and Tranche 3 of up to €8.94 million. The Tranche 1 is expected to be co-financed by a capital grant from the EBRD Shareholder Special Fund ("SSF") in the amount of up to €5 million. The Project will be implemented by the State Water Resources Agency ("SWRA" or "Client") under the government of the Kyrgyz Republic . The proposed Project will finance the rehabilitation of the irrigation water conveyance infrastructure, including on-farm canals, intake structures and pumping stations in Jalalabad, Naryn and Osh regions of the Kyrgyz Republic. The Project will include the construction and/or rehabilitation of water intakes, pumping stations, main canals and a distribution network with a view to deliver water from rivers to a farm land. As a result of the Project, approximately 8,700 hectares of new irrigated land will be available for farmers creating additional jobs for more than 14,300 rural residents.European Bank for Reconstruction and DevelopmentKYRGYZ REPUBLIC SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBISHKEK42.87 74.5937828932.9941060000KYRGYZ REPUBLIC SOVEREIGN141300KYRGYZ REPUBLIC SOVEREIGN344376KYRGYZ REPUBLIC SOVEREIGN330000KYRGYZ REPUBLIC SOVEREIGN485422.02KYRGYZ REPUBLIC SOVEREIGN269300KYRGYZ REPUBLIC SOVEREIGN478090.51KYRGYZ REPUBLIC SOVEREIGN1182578.48KYRGYZ REPUBLIC SOVEREIGNSTATESTATESTATESTATEThe provision of a sovereign loan of up to €50 million in favour of the Kyrgyz Republic to rehabilitate the irrigation water conveyance infrastructure in the country ("the Project"). The loan will consist of three tranches: Tranche 1 of up to €14.13 million, Tranche 2 of up to €26.93 million and Tranche 3 of up to €8.94 million. The Tranche 1 is expected to be co-financed by a capital grant from the EBRD Shareholder Special Fund ("SSF") in the amount of up to €5 million. The Project will be implemented by the State Water Resources Agency ("SWRA" or "Client") under the government of the Kyrgyz Republic . The proposed Project will finance the rehabilitation of the irrigation water conveyance infrastructure, including on-farm canals, intake structures and pumping stations in Jalalabad, Naryn and Osh regions of the Kyrgyz Republic. The Project will include the construction and/or rehabilitation of water intakes, pumping stations, main canals and a distribution network with a view to deliver water from rivers to a farm land. As a result of the Project, approximately 8,700 hectares of new irrigated land will be available for farmers creating additional jobs for more than 14,300 rural residents. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49793XI-IATI-EBRD-46873European Bank for Reconstruction and DevelopmentIn 2015 the EBRD provided a loan of up to US$130 million as part of a US$260 million A/B facility in favour of Yildirim Group's subsidiaries in Kazakhstan. Through these subsidiaries Yildirim owns and operates the Voskhod mining complex, acquired in December 2013. The Bank is commiting up to US$ 29 million in additional funds to the project to ensure achievement of the original operation objectives. The Voskhod operation consists of an active underground chromium mine and associated beneficiation plant situated outside the town of Khromtau, an important mining district situated 90km east of Aktobe, in North-Western Kazakhstan. The Bank's finance is used: (i) to restructure the balance sheets of subsidiaries and the parent group including through repayment of short term loans; and (ii) to finance the capex programme for the years 2014-2016 which covered acquisition of certain equipment and other works.European Bank for Reconstruction and DevelopmentVOSKHOD CHROME LLPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGAKTOBE50.27969 57.20718212261045.87VOSKHOD CHROME LLPPRIVATEPRIVATEPRIVATEIn 2015 the EBRD provided a loan of up to US$130 million as part of a US$260 million A/B facility in favour of Yildirim Group's subsidiaries in Kazakhstan. Through these subsidiaries Yildirim owns and operates the Voskhod mining complex, acquired in December 2013. The Bank is commiting up to US$ 29 million in additional funds to the project to ensure achievement of the original operation objectives. The Voskhod operation consists of an active underground chromium mine and associated beneficiation plant situated outside the town of Khromtau, an important mining district situated 90km east of Aktobe, in North-Western Kazakhstan. The Bank's finance is used: (i) to restructure the balance sheets of subsidiaries and the parent group including through repayment of short term loans; and (ii) to finance the capex programme for the years 2014-2016 which covered acquisition of certain equipment and other works. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/46873XI-IATI-EBRD-55999European Bank for Reconstruction and DevelopmentThe provision of a green loan (GEFF II Loan II) of up to US$ 15 million to Joint Stock Innovation Commercial Bank 'Ipak Yuli' (Ipak Yuli Bank, IYB) under Uzbekistan Green Economy Financing Facility II (GEFF II Uzbekistan). The proceeds of the loan will be on-lent to eligible sub-borrowers implementing qualifying sub-projects in line with the technical and financial eligibility criteria in accordance with the standard requirements set in the policy statement for the GEFF II Uzbekistan. The GEFF II Loan II will contribute towards building a green economy in Uzbekistan by facilitating the expansion of energy efficiency investments in a gender responsive way. The project builds on the successful implementation of previous green financing operations and will scale up IYB's green activities. Ipak Yuli Bank will benefit from a comprehensive technical assistance (TC) to strengthen the internal capacity for financing green projects.European Bank for Reconstruction and DevelopmentIPAK YULI JOINT-STOCK INNOVATION COMMERCIAL BANKEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.2162711882504.94IPAK YULI JOINT-STOCK INNOVATION COMMERCIAL BANKPRIVATEPRIVATEPRIVATEThe provision of a green loan (GEFF II Loan II) of up to US$ 15 million to Joint Stock Innovation Commercial Bank 'Ipak Yuli' (Ipak Yuli Bank, IYB) under Uzbekistan Green Economy Financing Facility II (GEFF II Uzbekistan). The proceeds of the loan will be on-lent to eligible sub-borrowers implementing qualifying sub-projects in line with the technical and financial eligibility criteria in accordance with the standard requirements set in the policy statement for the GEFF II Uzbekistan. The GEFF II Loan II will contribute towards building a green economy in Uzbekistan by facilitating the expansion of energy efficiency investments in a gender responsive way. The project builds on the successful implementation of previous green financing operations and will scale up IYB's green activities. Ipak Yuli Bank will benefit from a comprehensive technical assistance (TC) to strengthen the internal capacity for financing green projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55999XI-IATI-EBRD-53529European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to EUR 3.0m (the "GEFF Loan") in three equal tranches of EUR 1.0m (second and third tranches will be uncommitted), under the Western Balkans Green Economy Financing Facility II (WB GEFF II). The loan is envisaged to provide financing for on-lending to the residential sector (individuals, housing collectives, producers, vendors of green technologies, and service providers) for investments supporting Green Economy Transition ("GET") in Albania. The transaction will, thus, support investments in high-performance green technologies, materials and solutions undertaken in privately owned residential dwellings or buildings.European Bank for Reconstruction and DevelopmentPROCREDIT BANK ALBANIA SHAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTIRANA41.3275 19.818893000000PROCREDIT BANK ALBANIA SHAPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to EUR 3.0m (the "GEFF Loan") in three equal tranches of EUR 1.0m (second and third tranches will be uncommitted), under the Western Balkans Green Economy Financing Facility II (WB GEFF II). The loan is envisaged to provide financing for on-lending to the residential sector (individuals, housing collectives, producers, vendors of green technologies, and service providers) for investments supporting Green Economy Transition ("GET") in Albania. The transaction will, thus, support investments in high-performance green technologies, materials and solutions undertaken in privately owned residential dwellings or buildings. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53529XI-IATI-EBRD-53646European Bank for Reconstruction and DevelopmentProvision of a long-term senior unsecured loan of up to EUR 15 million to NLB Komercijalna banka a.d. Beograd ("NLBKBB") for on-lending to small and medium-sized enterprises ("SMEs") in Serbia. The loan is envisaged under the Sustainable Reboot SME Programme ("Reboot SME"). The loan is intended to provide financing for on-lending to local SMEs for investments in environmental protection, workers' safety and product quality and safety in order to introduce and implement EU and other international quality standards, which will boost SMEs' competitiveness in the country. At least 70% of the use of the proceeds is expected to be related to Green Economy Transition ("GET") investments.European Bank for Reconstruction and DevelopmentNLB KOMERCIJALNA BANKA AD BEOGRADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651315000000NLB KOMERCIJALNA BANKA AD BEOGRADPRIVATEPRIVATEPRIVATEProvision of a long-term senior unsecured loan of up to EUR 15 million to NLB Komercijalna banka a.d. Beograd ("NLBKBB") for on-lending to small and medium-sized enterprises ("SMEs") in Serbia. The loan is envisaged under the Sustainable Reboot SME Programme ("Reboot SME"). The loan is intended to provide financing for on-lending to local SMEs for investments in environmental protection, workers' safety and product quality and safety in order to introduce and implement EU and other international quality standards, which will boost SMEs' competitiveness in the country. At least 70% of the use of the proceeds is expected to be related to Green Economy Transition ("GET") investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53646XI-IATI-EBRD-55578European Bank for Reconstruction and DevelopmentThe provision of a senior secured loan of up to € 10 million to Hipotekarna Banka AD Podgorica (HB) in two equal tranches for on-lending to eligible private individuals for housing purposes. The facility will contribute to the development of the local financial sector, mainly its mortgage lending segment, and to the improvement of housing conditions of private individuals. The transaction is proposed under the Financial Collateral Backed Senior Lending Product line (CBL), secured by EU supranational bonds. The proceeds of the loan will be used by HB to provide long-term financing for residential mortgage lending in Montenegro in accorance with the List of Minimum Standards for Residential Mortgage Lending (LMS).European Bank for Reconstruction and DevelopmentHIPOTEKARNA BANKA AD PODGORICAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPODGORICA42.44111 19.2636110000000HIPOTEKARNA BANKA AD PODGORICAPRIVATEPRIVATEPRIVATEThe provision of a senior secured loan of up to € 10 million to Hipotekarna Banka AD Podgorica (HB) in two equal tranches for on-lending to eligible private individuals for housing purposes. The facility will contribute to the development of the local financial sector, mainly its mortgage lending segment, and to the improvement of housing conditions of private individuals. The transaction is proposed under the Financial Collateral Backed Senior Lending Product line (CBL), secured by EU supranational bonds. The proceeds of the loan will be used by HB to provide long-term financing for residential mortgage lending in Montenegro in accorance with the List of Minimum Standards for Residential Mortgage Lending (LMS). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55578XI-IATI-EBRD-55992European Bank for Reconstruction and DevelopmentProvision of a €30 million stand-by credit line ("SBCL") to the Deposit Insurance Agency of Bosnia and Herzegovina ("DIA BiH") to be made available under a sovereign loan to Bosnia and Herzegovina ("BiH"), as the current €30 million SBCL expires in October 2025. As a stand-by credit line, the EBRD finance is designed to provide immediate funds to DIA BiH, if and when required, to fulfil its mandate to compensate insured depositors or participate in bank resolution. The credit line ensures that DIA BiH keeps adequate contingency financing in place for its liquidity needs and will also ensure necessary coverage of the insured deposits and thus maintain and ensure confidence in the country's banking sector. Having in place a stand-by credit line as a source of back-up financing is in line with the international best practices and recommendations for deposit insurance schemes. In addition, as prescribed by the new Law on Deposit Insurance of BiH, the contingency financing will now be available in case of DIA BIH's participation in bank resolution.European Bank for Reconstruction and DevelopmentBOSNIA AND HERZEGOVINA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.356443000000030000000BOSNIA AND HERZEGOVINA SOVEREIGNSTATESTATESTATESTATEProvision of a €30 million stand-by credit line ("SBCL") to the Deposit Insurance Agency of Bosnia and Herzegovina ("DIA BiH") to be made available under a sovereign loan to Bosnia and Herzegovina ("BiH"), as the current €30 million SBCL expires in October 2025. As a stand-by credit line, the EBRD finance is designed to provide immediate funds to DIA BiH, if and when required, to fulfil its mandate to compensate insured depositors or participate in bank resolution. The credit line ensures that DIA BiH keeps adequate contingency financing in place for its liquidity needs and will also ensure necessary coverage of the insured deposits and thus maintain and ensure confidence in the country's banking sector. Having in place a stand-by credit line as a source of back-up financing is in line with the international best practices and recommendations for deposit insurance schemes. In addition, as prescribed by the new Law on Deposit Insurance of BiH, the contingency financing will now be available in case of DIA BIH's participation in bank resolution. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55992XI-IATI-EBRD-54255European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to EUR 1.5 million to be provided in one tranche under the Western Balkans GEFF III - REpower Residential ("GEFF III" or the "Programme"). The loan is intended to provide sub-loans to help finance investments in high-performance energy efficiency technologies, materials and solutions undertaken in or in relation to privately owned residential dwellings or buildings, construction of Green Economy Transition ("GET") - eligible High energy Performance Residential Buildings ("HPRB"s) and eligible Energy Efficiency ("EE") and/or Renewable Energy ("RE") projects in the Public Sector.European Bank for Reconstruction and DevelopmentSPARKASSE BANK AD SKOPJEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.431411500000SPARKASSE BANK AD SKOPJEPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to EUR 1.5 million to be provided in one tranche under the Western Balkans GEFF III - REpower Residential ("GEFF III" or the "Programme"). The loan is intended to provide sub-loans to help finance investments in high-performance energy efficiency technologies, materials and solutions undertaken in or in relation to privately owned residential dwellings or buildings, construction of Green Economy Transition ("GET") - eligible High energy Performance Residential Buildings ("HPRB"s) and eligible Energy Efficiency ("EE") and/or Renewable Energy ("RE") projects in the Public Sector. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54255XI-IATI-EBRD-55605European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to €3.5 million under the Western Balkans GEFF III REpower Residential The loan is intended to provide sub-loans to help finance investments in (i) high-performance energy efficiency technologies, materials and solutions undertaken in or in relation to privately owned residential dwellings or buildings, (ii) construction of GET-eligible High energy Performance Residential Buildings and (iii) eligible Energy Efficiency and/or Renewable Energy projects in the Public Sector ("Sub-projects"), in a gender-responsive way. 100 per cent of the use of proceeds will be related to Green Economy Transition ("GET") investments.European Bank for Reconstruction and DevelopmentKOMERCIJALNA BANKA AD SKOPJEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.431413500000KOMERCIJALNA BANKA AD SKOPJEPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to €3.5 million under the Western Balkans GEFF III REpower Residential The loan is intended to provide sub-loans to help finance investments in (i) high-performance energy efficiency technologies, materials and solutions undertaken in or in relation to privately owned residential dwellings or buildings, (ii) construction of GET-eligible High energy Performance Residential Buildings and (iii) eligible Energy Efficiency and/or Renewable Energy projects in the Public Sector ("Sub-projects"), in a gender-responsive way. 100 per cent of the use of proceeds will be related to Green Economy Transition ("GET") investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55605XI-IATI-EBRD-54827European Bank for Reconstruction and DevelopmentEBRD is considering a minority equity investment alongside a consortium of investors in the acquisition of 100% of a newly established tower company ("TowerCo"), with the purpose of consolidating a mobile tower portfolio to be carved out from Telekom Srbija in Serbia, Montenegro and Bosnia & Herzegovina. The completion of the acquisition will be subject to receiving necessary regulatory approvals. The Project supports the independent TowerCo business model and passive infrastructure sharing in the region, while contributing positively to the development of the mobile markets in Serbia, Bosnia and Herzegovina, and Montenegro.European Bank for Reconstruction and DevelopmentACTIS LUNA SCAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.35644PODGORICA42.44111 19.26361BELGRADE44.80401 20.4651358691500ACTIS LUNA SCAPRIVATEPRIVATEPRIVATEEBRD is considering a minority equity investment alongside a consortium of investors in the acquisition of 100% of a newly established tower company ("TowerCo"), with the purpose of consolidating a mobile tower portfolio to be carved out from Telekom Srbija in Serbia, Montenegro and Bosnia & Herzegovina. The completion of the acquisition will be subject to receiving necessary regulatory approvals. The Project supports the independent TowerCo business model and passive infrastructure sharing in the region, while contributing positively to the development of the mobile markets in Serbia, Bosnia and Herzegovina, and Montenegro. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54827XI-IATI-EBRD-52833European Bank for Reconstruction and DevelopmentProvision of a senior loan of up to EUR 10 million in two equal tranches to OTP Leasing Serbia (the "company" or "OTPL") under the Regional SME Competitiveness Support Programme ("CSP"). The loan will be fully guaranteed by the parent, OTP Bank Serbia ("OTP"). The project will support investments by small- and medium-sized enterprises (SMEs) to upgrade production facilities and comply with EU Directives in environmental protection, workers' and product safety and product quality. The investments will be selected on the basis of technical and financial eligibility criteria set forth in the Policy Statement for the Western Balkans SME Competitiveness Support Programme (CSP WB). Support to SMEs is tailored as a combination of access to finance with TC and non-TC assistance. At least 60% of the use of the proceeds will go towards financing GET-eligible investments in line with the Policy Statement.European Bank for Reconstruction and DevelopmentOTP LEASING SRBIJA DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651310000000OTP LEASING SRBIJA DOOPRIVATEPRIVATEPRIVATEProvision of a senior loan of up to EUR 10 million in two equal tranches to OTP Leasing Serbia (the "company" or "OTPL") under the Regional SME Competitiveness Support Programme ("CSP"). The loan will be fully guaranteed by the parent, OTP Bank Serbia ("OTP"). The project will support investments by small- and medium-sized enterprises (SMEs) to upgrade production facilities and comply with EU Directives in environmental protection, workers' and product safety and product quality. The investments will be selected on the basis of technical and financial eligibility criteria set forth in the Policy Statement for the Western Balkans SME Competitiveness Support Programme (CSP WB). Support to SMEs is tailored as a combination of access to finance with TC and non-TC assistance. At least 60% of the use of the proceeds will go towards financing GET-eligible investments in line with the Policy Statement. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52833XI-IATI-EBRD-56991European Bank for Reconstruction and DevelopmentPortfolio Risk-Sharing (PRS) in the form of an unfunded portfolio guarantee of up to €25 million provided by the Bank in favour of Raiffeisen Bank Kosovo (RBKO). The guarantee will cover up to 50 per cent of the credit risk on a pro rata basis on the newly-generated micro, small and medium-sized entreprise (MSME) loan portfolio of up to €50 million originated by RBKO. The product aims to release RBKO's risk-taking capacity to boost on-lending to MSMEs, addressing the MSME financing gap in the market. The product will enable RBKO to extend lending by a multiple of the EBRD guarantee while focusing on MSMEs outside the capital city, in tourism, agriculture as well as youth and women-led/owned MSMEs.European Bank for Reconstruction and DevelopmentRAIFFEISEN BANK KOSOVO SHAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRISTINA42.67272 21.166882500000025000000RAIFFEISEN BANK KOSOVO SHAPRIVATEPRIVATEPRIVATEPortfolio Risk-Sharing (PRS) in the form of an unfunded portfolio guarantee of up to €25 million provided by the Bank in favour of Raiffeisen Bank Kosovo (RBKO). The guarantee will cover up to 50 per cent of the credit risk on a pro rata basis on the newly-generated micro, small and medium-sized entreprise (MSME) loan portfolio of up to €50 million originated by RBKO. The product aims to release RBKO's risk-taking capacity to boost on-lending to MSMEs, addressing the MSME financing gap in the market. The product will enable RBKO to extend lending by a multiple of the EBRD guarantee while focusing on MSMEs outside the capital city, in tourism, agriculture as well as youth and women-led/owned MSMEs. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56991XI-IATI-EBRD-49874European Bank for Reconstruction and DevelopmentProvision of an equity investment of USD 20 million in favour of Tanmiya Capital Ventures Fund II Cooperative (the "Fund"). The operation will enable the Fund to make equity and quasi-equity investments in medium-sized companies in Egypt with the objective of achieving long-term capital growth.European Bank for Reconstruction and DevelopmentTANMIYA CAPITAL VENTURES FUND II COOPERATIVEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496713001472.6217777113.42TANMIYA CAPITAL VENTURES FUND II COOPERATIVEPRIVATEPRIVATEPRIVATEProvision of an equity investment of USD 20 million in favour of Tanmiya Capital Ventures Fund II Cooperative (the "Fund"). The operation will enable the Fund to make equity and quasi-equity investments in medium-sized companies in Egypt with the objective of achieving long-term capital growth. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49874XI-IATI-EBRD-51369European Bank for Reconstruction and DevelopmentProvision of a senior secured loan of up to USD 4,830,000 to Intro Sustainable Resources & Intro Solar S.A.E. (the "Borrowers") to finance a pipeline of green projects the most advanced of which includes the expansion of a plastic bottle recycling facility, replacing an inefficient diesel steam energy generation with combined heat and power plant ("CHP"), and refinancing a solar project developed under round 1 of the Egyptian Feed-in-tariff ("FiT") program (the "Projects"). The Projects will support: i) the company's expansion of resource recovery facilities; ii) its ambitions to expand its long-term low-carbon energy transition strategy; and iii) the expansion of private-to-private utility projects in Egypt.European Bank for Reconstruction and DevelopmentINTRO SUSTAINABLE RESOURCESEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.249674202048.5INTRO SUSTAINABLE RESOURCESPRIVATEPRIVATEPRIVATEProvision of a senior secured loan of up to USD 4,830,000 to Intro Sustainable Resources & Intro Solar S.A.E. (the "Borrowers") to finance a pipeline of green projects the most advanced of which includes the expansion of a plastic bottle recycling facility, replacing an inefficient diesel steam energy generation with combined heat and power plant ("CHP"), and refinancing a solar project developed under round 1 of the Egyptian Feed-in-tariff ("FiT") program (the "Projects"). The Projects will support: i) the company's expansion of resource recovery facilities; ii) its ambitions to expand its long-term low-carbon energy transition strategy; and iii) the expansion of private-to-private utility projects in Egypt. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51369XI-IATI-EBRD-55134European Bank for Reconstruction and DevelopmentSenior secured loan of €9.1 million to finance the Company's capital expenditure and working capital needs. €3 million of the Loan proceeds will be co-financed by ENEF II (under the EU's Western Balkan Investment Framework) on a pari-passu basis and €1 million will be financed by the Global Environment Facility ("GEF"). The Company intends to expand its operations by setting up a new production facility and purchase additional equipment which will result in an increase of production capacity, automated production, improvements in energy and resource efficiency as well as enhanced quality controls. Null ValueEuropean Bank for Reconstruction and DevelopmentMETER AND CONTROL DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.465135100000METER AND CONTROL DOOPRIVATEPRIVATEPRIVATESenior secured loan of €9.1 million to finance the Company's capital expenditure and working capital needs. €3 million of the Loan proceeds will be co-financed by ENEF II (under the EU's Western Balkan Investment Framework) on a pari-passu basis and €1 million will be financed by the Global Environment Facility ("GEF"). The Company intends to expand its operations by setting up a new production facility and purchase additional equipment which will result in an increase of production capacity, automated production, improvements in energy and resource efficiency as well as enhanced quality controls. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55134XI-IATI-EBRD-55507European Bank for Reconstruction and DevelopmentThe proposed transaction entails an equity investment into AROBS Transilvania Software S.A.'s ("AROBS", the "Company") offering of EUR 38.0 million (RON 189.3 million) (the "Project"). The fundraise consists of a i) share capital issuance of EUR 28.7 million (RON 142.9 million), through the offering of newly issued ordinary shares (the "Primary Shares"), alongside ii) the secondary sale of EUR 9.3 million (RON 46.4 million) worth of existing ordinary shares (the "Secondary Shares") owned directly and indirectly by the founder and current CEO, Voicu Oprean. The Primary Shares were initially offered to existing shareholders, and any Primary Shares remaining unsubscribed after the exercise period of the preference rights were offered for subscription via a private placement, along with the Secondary Shares. The EBRD participated in the private placement alongside other institutional investors. The project primarily aims to support the Company's M&A strategy, establishing a regional IT services leader, and enhance AROBS' stock liquidity by increasing its free float.European Bank for Reconstruction and DevelopmentAROBS TRANSILVANIA SOFTWARE SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCLUJ-NAPOCA46.76667 23.68175209.89AROBS TRANSILVANIA SOFTWARE SAPRIVATEPRIVATEPRIVATEThe proposed transaction entails an equity investment into AROBS Transilvania Software S.A.'s ("AROBS", the "Company") offering of EUR 38.0 million (RON 189.3 million) (the "Project"). The fundraise consists of a i) share capital issuance of EUR 28.7 million (RON 142.9 million), through the offering of newly issued ordinary shares (the "Primary Shares"), alongside ii) the secondary sale of EUR 9.3 million (RON 46.4 million) worth of existing ordinary shares (the "Secondary Shares") owned directly and indirectly by the founder and current CEO, Voicu Oprean. The Primary Shares were initially offered to existing shareholders, and any Primary Shares remaining unsubscribed after the exercise period of the preference rights were offered for subscription via a private placement, along with the Secondary Shares. The EBRD participated in the private placement alongside other institutional investors. The project primarily aims to support the Company's M&A strategy, establishing a regional IT services leader, and enhance AROBS' stock liquidity by increasing its free float. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55507XI-IATI-EBRD-54902European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to USD 40 million to Banque du Caire ("BDC") for on-lending to private micro, small and medium-sized enterprises ("MSMEs") in Egypt. The EBRD loan will assist BDC to develop its MSME lending activities and expand access to finance for underserved private MSMEs.European Bank for Reconstruction and DevelopmentBANQUE DU CAIRE SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496735017070.82BANQUE DU CAIRE SAEPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to USD 40 million to Banque du Caire ("BDC") for on-lending to private micro, small and medium-sized enterprises ("MSMEs") in Egypt. The EBRD loan will assist BDC to develop its MSME lending activities and expand access to finance for underserved private MSMEs. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54902XI-IATI-EBRD-54655European Bank for Reconstruction and DevelopmentThe provision of up to €6.0 million loan financing to KAM, the leading retailer in North Macedonia, in two tranches, to support the Company's investment plan. The EBRD's proceeds will be used for opening of new stores and upgrade of the existing stores and logistics centre, to support the Company's growth and expansion.European Bank for Reconstruction and DevelopmentKAM DOO ILINDENEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.431414000000KAM DOO ILINDENPRIVATEPRIVATEPRIVATEThe provision of up to €6.0 million loan financing to KAM, the leading retailer in North Macedonia, in two tranches, to support the Company's investment plan. The EBRD's proceeds will be used for opening of new stores and upgrade of the existing stores and logistics centre, to support the Company's growth and expansion. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54655XI-IATI-EBRD-47495European Bank for Reconstruction and DevelopmentThe Bank signed a loan up to USD 20 million to the Hashemite Kingdom of Jordan on 17 Dec 2015. The construction of a new wastewater pipeline from East Zarqa pumping station to As-Samra Wastewater Treatment Plant ('As-Samra WWTP'). As-Samra WWTP, Jordan's largest wastewater treatment plant, has been placed under unprecedented strain due to the rapidly increasing wastewater flows caused by the recent refugee influx. The proposed investment is part of a wider engagement with the Water Authority of Jordan aimed at upgrading Jordanis wastewater system.European Bank for Reconstruction and DevelopmentJORDAN SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGAMMAN31.95522 35.9450312255974.79JORDAN SOVEREIGN301844.95JORDAN SOVEREIGN362426.68JORDAN SOVEREIGN68697.98JORDAN SOVEREIGN70373.44JORDAN SOVEREIGN306616.15JORDAN SOVEREIGN606125.83JORDAN SOVEREIGN506046.76JORDAN SOVEREIGN479967.45JORDAN SOVEREIGN0.01JORDAN SOVEREIGNSTATESTATESTATESTATEThe Bank signed a loan up to USD 20 million to the Hashemite Kingdom of Jordan on 17 Dec 2015. The construction of a new wastewater pipeline from East Zarqa pumping station to As-Samra Wastewater Treatment Plant ('As-Samra WWTP'). As-Samra WWTP, Jordan's largest wastewater treatment plant, has been placed under unprecedented strain due to the rapidly increasing wastewater flows caused by the recent refugee influx. The proposed investment is part of a wider engagement with the Water Authority of Jordan aimed at upgrading Jordanis wastewater system. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47495XI-IATI-EBRD-55300European Bank for Reconstruction and DevelopmentThe Project consists of the construction of a new energy-efficient logistics centre on the outskirts of Belgrade and the acquisition of the warehousing equipment for the new logistics centre. The Project will enable ERGO WBS to grow and expand its operations, reduce energy costs and improve its competitiveness.European Bank for Reconstruction and DevelopmentFARMALOGIST DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.465131280000012800000FARMALOGIST DOOPRIVATEPRIVATEPRIVATEThe Project consists of the construction of a new energy-efficient logistics centre on the outskirts of Belgrade and the acquisition of the warehousing equipment for the new logistics centre. The Project will enable ERGO WBS to grow and expand its operations, reduce energy costs and improve its competitiveness. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55300XI-IATI-EBRD-56609European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to €2 million in two equal tranches under the EBRD Western Balkans WiB Phase II programme ("WB WiBP II"). The project will contribute to women's economic inclusion by supporting women-led MSMEs' access to finance and business advisory services.European Bank for Reconstruction and DevelopmentERSTE BANK AD PODGORICAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPODGORICA42.44111 19.2636110000001000000ERSTE BANK AD PODGORICAPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to €2 million in two equal tranches under the EBRD Western Balkans WiB Phase II programme ("WB WiBP II"). The project will contribute to women's economic inclusion by supporting women-led MSMEs' access to finance and business advisory services. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56609XI-IATI-EBRD-57419European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to €4 million to Mikrofin under the Western Balkans Women in Business Programme Phase II ("WB WiB"). The project will contribute to women's economic inclusion by WSME access to finance and business advisory services.European Bank for Reconstruction and DevelopmentMIKROFIN DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBANJA LUKA44.77842 17.193864000000MIKROFIN DOOPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to €4 million to Mikrofin under the Western Balkans Women in Business Programme Phase II ("WB WiB"). The project will contribute to women's economic inclusion by WSME access to finance and business advisory services. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57419XI-IATI-EBRD-48406European Bank for Reconstruction and DevelopmentThe EBRD is considering reallocation of an existing sovereign guaranteed loan of EUR 100 million to JSC Serbian Railways (project number 41125), approved by the Board on 1 September 2010. The reallocation follows a decision by the Government of Serbia to unbundle vertically integrated JSC Serbian Railways. The existing loan is being restructured to reassign loan proceeds to the operating companies established in August 2015 - EUR 36 million to Infrastructure of Serbian Railways JSC (project number 48883) and EUR 64 million to Serbia Cargo JSC (project number 48406). The sovereign guaranteed loan in the amount of EUR 64 million to Serbia Cargo JSC will be provided by the EBRD to finance procurement of new electric locomotives and refurbishment of locomotives in the existing fleet. As part of the original project, the EBRD also finances a track renewal programme along the Corridor X railway line in Serbia, which will be implemented by Infrastructure of Serbian Railways JSC under related project number 48883. The project objectives focus on (i) the enhancement of the efficiency of freight services on Serbian railway network, through improved service quality and energy efficiency benefits offered by the new and refurbished rolling stock and (ii) provision of assistance to the railway sector and the Government of Serbia with the rail reform programme.European Bank for Reconstruction and DevelopmentSRBIJA KARGO JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651364000000SRBIJA KARGO JSC9599672SRBIJA KARGO JSC9599995.12SRBIJA KARGO JSC4676400SRBIJA KARGO JSC14029200SRBIJA KARGO JSC62327.69SRBIJA KARGO JSC337475.53SRBIJA KARGO JSC83109.6SRBIJA KARGO JSC3117600SRBIJA KARGO JSC92008SRBIJA KARGO JSC14061991.5SRBIJA KARGO JSC4676400SRBIJA KARGO JSC418671.41SRBIJA KARGO JSC3117600SRBIJA KARGO JSC53505.2SRBIJA KARGO JSC72907.1SRBIJA KARGO JSCSTATESTATESTATESTATEThe EBRD is considering reallocation of an existing sovereign guaranteed loan of EUR 100 million to JSC Serbian Railways (project number 41125), approved by the Board on 1 September 2010. The reallocation follows a decision by the Government of Serbia to unbundle vertically integrated JSC Serbian Railways. The existing loan is being restructured to reassign loan proceeds to the operating companies established in August 2015 - EUR 36 million to Infrastructure of Serbian Railways JSC (project number 48883) and EUR 64 million to Serbia Cargo JSC (project number 48406). The sovereign guaranteed loan in the amount of EUR 64 million to Serbia Cargo JSC will be provided by the EBRD to finance procurement of new electric locomotives and refurbishment of locomotives in the existing fleet. As part of the original project, the EBRD also finances a track renewal programme along the Corridor X railway line in Serbia, which will be implemented by Infrastructure of Serbian Railways JSC under related project number 48883. The project objectives focus on (i) the enhancement of the efficiency of freight services on Serbian railway network, through improved service quality and energy efficiency benefits offered by the new and refurbished rolling stock and (ii) provision of assistance to the railway sector and the Government of Serbia with the rail reform programme. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48406XI-IATI-EBRD-53628European Bank for Reconstruction and DevelopmentProvision of a long-term senior unsecured loan to ProCredit Bank AD Belgrade for on-lending to small and medium-sized enterprises ("SMEs") in Serbia. The loan is extended under the EBRD Financial Intermediaries Framework ("FIF"). The loan is intended to facilitate the expansion of lending to private businesses through working capital lines and investment loans, including to enterprises operating in economically less developed regions of the country. The bank will aim to allocate up to 20% of the proceeds to GET-eligible projects which are expected to come from investments in renewable energy and energy efficient projects.European Bank for Reconstruction and DevelopmentPROCREDIT BANK AD BELGRADEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651330000000PROCREDIT BANK AD BELGRADEPRIVATEPRIVATEPRIVATEProvision of a long-term senior unsecured loan to ProCredit Bank AD Belgrade for on-lending to small and medium-sized enterprises ("SMEs") in Serbia. The loan is extended under the EBRD Financial Intermediaries Framework ("FIF"). The loan is intended to facilitate the expansion of lending to private businesses through working capital lines and investment loans, including to enterprises operating in economically less developed regions of the country. The bank will aim to allocate up to 20% of the proceeds to GET-eligible projects which are expected to come from investments in renewable energy and energy efficient projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53628XI-IATI-EBRD-49631European Bank for Reconstruction and DevelopmentConstruction of a regional, EU-compliant, solid waste landfill with the introduction of waste separation and a recycling yard which will serve three municipalities in Tuzla Canton, namely: Zivinice, Banovici and Kladanj (the "Project"). The Project is proposed to be financed by an EBRD loan of up to EUR 6 million and co-financed with a potential investment grant of up to EUR 2 million. The EBRD sovereign loan will be provided (via a legislated cascade of sub-loans) to the newly established regional solid waste company "Eko-Sep". Improvement of the overall solid waste management system in the three municipalities, a reduction of water and soil pollution, a reduction of emissions of greenhouse gases, and a reduction of the amounts of disposed waste.European Bank for Reconstruction and DevelopmentBOSNIA AND HERZEGOVINA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.356445000000BOSNIA AND HERZEGOVINA SOVEREIGN50000BOSNIA AND HERZEGOVINA SOVEREIGN740381.43BOSNIA AND HERZEGOVINA SOVEREIGN641527.78BOSNIA AND HERZEGOVINA SOVEREIGN597944.54BOSNIA AND HERZEGOVINA SOVEREIGN623246.75BOSNIA AND HERZEGOVINA SOVEREIGN793238.67BOSNIA AND HERZEGOVINA SOVEREIGN671672.66BOSNIA AND HERZEGOVINA SOVEREIGN880301.58BOSNIA AND HERZEGOVINA SOVEREIGN1686.59BOSNIA AND HERZEGOVINA SOVEREIGNSTATESTATESTATESTATEConstruction of a regional, EU-compliant, solid waste landfill with the introduction of waste separation and a recycling yard which will serve three municipalities in Tuzla Canton, namely: Zivinice, Banovici and Kladanj (the "Project"). The Project is proposed to be financed by an EBRD loan of up to EUR 6 million and co-financed with a potential investment grant of up to EUR 2 million. The EBRD sovereign loan will be provided (via a legislated cascade of sub-loans) to the newly established regional solid waste company "Eko-Sep". Improvement of the overall solid waste management system in the three municipalities, a reduction of water and soil pollution, a reduction of emissions of greenhouse gases, and a reduction of the amounts of disposed waste. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49631XI-IATI-EBRD-50221European Bank for Reconstruction and DevelopmentThe Bank has invested a total of EUR 100 million in the seven year EUR 550 million senior unsecured bond issuance by Bulgarian Energy Holding EAD (BEH) of 26 June 2018. BEH placed the bonds on the 21 June 2018 (EUR 400 million) and on 24 July 2018 (EUR 150 million). The bonds started trading on the Euronext Dublin on 28 June 2018 and are expected to start trading on the Bulgarian Stock Exchange in August 2018. The funds will be used to refinance the EUR 500m BEH bond issued by the Company in 2013, which matures in November 2018. The bond will thus support improving the financing structure for BEH, which is the central actor in the Bulgarian energy sector. BEH's long-term stability is fundamental to ensuring the continued progress of Bulgarian energy market reforms. The operation will further support the implementation of key power sector reforms and will reinforce BEH's balance sheet going forward. The longer tenor of the new bond will ease cashflow pressures on the Company and its key subsidiary NEK, in anticipation of a fully liberalised market environment. This transaction will also contribute significantly to the Bulgarian capital market development.European Bank for Reconstruction and DevelopmentBULGARIAN ENERGY HOLDING EADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSOFIA42.69751 23.32415100000000BULGARIAN ENERGY HOLDING EAD80000000BULGARIAN ENERGY HOLDING EAD20000000BULGARIAN ENERGY HOLDING EADSTATESTATESTATESTATEThe Bank has invested a total of EUR 100 million in the seven year EUR 550 million senior unsecured bond issuance by Bulgarian Energy Holding EAD (BEH) of 26 June 2018. BEH placed the bonds on the 21 June 2018 (EUR 400 million) and on 24 July 2018 (EUR 150 million). The bonds started trading on the Euronext Dublin on 28 June 2018 and are expected to start trading on the Bulgarian Stock Exchange in August 2018. The funds will be used to refinance the EUR 500m BEH bond issued by the Company in 2013, which matures in November 2018. The bond will thus support improving the financing structure for BEH, which is the central actor in the Bulgarian energy sector. BEH's long-term stability is fundamental to ensuring the continued progress of Bulgarian energy market reforms. The operation will further support the implementation of key power sector reforms and will reinforce BEH's balance sheet going forward. The longer tenor of the new bond will ease cashflow pressures on the Company and its key subsidiary NEK, in anticipation of a fully liberalised market environment. This transaction will also contribute significantly to the Bulgarian capital market development. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50221XI-IATI-EBRD-55448European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to €2 million to be provided in two equal tranches (€1 million each) under the Financial Intermediaries Framework ("FIF"). The Loan proceeds will be used for on-lending to private micro and small sized enterprises ("MSEs") in Bosnia and Herzegovina ("BiH") in accordance with the Policy Statement.European Bank for Reconstruction and DevelopmentMIKROKREDITNA FONDACIJA MI-BOSPO TUZLAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTUZLA44.53842 18.667092000000MIKROKREDITNA FONDACIJA MI-BOSPO TUZLAPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to €2 million to be provided in two equal tranches (€1 million each) under the Financial Intermediaries Framework ("FIF"). The Loan proceeds will be used for on-lending to private micro and small sized enterprises ("MSEs") in Bosnia and Herzegovina ("BiH") in accordance with the Policy Statement. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55448XI-IATI-EBRD-54735European Bank for Reconstruction and DevelopmentProvision of a senior secured loan in the amount of up to EUR 7 million to Raiffeisen Bank dd BiH ("RBBH"). The loan is envisaged under the FIF SME Go Green Programme (the "Programme"). Proceeds of the Loan will be used for providing sub-loans to eligible SMEs in Bosnia and Herzegovina ("BiH") for improving their competitiveness and trade potential via targeted investments in sustainability practices and the adoption of internationally recognised quality standards, scaling up green economy investments and in particular, greening of agribusiness supply chains and promoting more equitable access to climate and other finance to women-led SMEs. The bank will aim to deliver at least 70% of the proceeds to Green Economy Transition (GET) eligible projects.European Bank for Reconstruction and DevelopmentRAIFFEISEN BANK DD BOSNIA AND HERZEGOVINAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.356447000000RAIFFEISEN BANK DD BOSNIA AND HERZEGOVINAPRIVATEPRIVATEPRIVATEProvision of a senior secured loan in the amount of up to EUR 7 million to Raiffeisen Bank dd BiH ("RBBH"). The loan is envisaged under the FIF SME Go Green Programme (the "Programme"). Proceeds of the Loan will be used for providing sub-loans to eligible SMEs in Bosnia and Herzegovina ("BiH") for improving their competitiveness and trade potential via targeted investments in sustainability practices and the adoption of internationally recognised quality standards, scaling up green economy investments and in particular, greening of agribusiness supply chains and promoting more equitable access to climate and other finance to women-led SMEs. The bank will aim to deliver at least 70% of the proceeds to Green Economy Transition (GET) eligible projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54735XI-IATI-EBRD-54815European Bank for Reconstruction and DevelopmentProvision of a senior loan in the amount of up to EUR 5 million, under the FIF SME Go Green Programme (the "Programme"), to OTP Leasing Serbia ("OTPL"). Proceeds of the Loan will be used for providing financial leasing to eligible SMEs in Serbia for improving their competitiveness and trade potential via targeted investments in sustainability practices and the adoption of internationally recognised quality standards, scaling up green economy investments and in particular, greening of agribusiness supply chains and promoting more equitable access to climate and other finance to women-led SMEs. OTPL will aim to deliver at least 70% of the proceeds to Green Economy Transition (GET) eligible projects.European Bank for Reconstruction and DevelopmentOTP LEASING SRBIJA DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.465135000000OTP LEASING SRBIJA DOOPRIVATEPRIVATEPRIVATEProvision of a senior loan in the amount of up to EUR 5 million, under the FIF SME Go Green Programme (the "Programme"), to OTP Leasing Serbia ("OTPL"). Proceeds of the Loan will be used for providing financial leasing to eligible SMEs in Serbia for improving their competitiveness and trade potential via targeted investments in sustainability practices and the adoption of internationally recognised quality standards, scaling up green economy investments and in particular, greening of agribusiness supply chains and promoting more equitable access to climate and other finance to women-led SMEs. OTPL will aim to deliver at least 70% of the proceeds to Green Economy Transition (GET) eligible projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54815XI-IATI-EBRD-54736European Bank for Reconstruction and DevelopmentProvision of a senior secured loan in the amount of up to EUR 7 million to UniCredit Bank d.d. Mostar ("UCM"). The loan is envisaged under the FIF SME Go Green Programme (the "Programme"). Proceeds of the Loan will be used for providing sub-loans to eligible SMEs in Bosnia and Herzegovina for improving their competitiveness and trade potential via targeted investments in sustainability practices and the adoption of internationally recognised quality standards, scaling up green economy investments and in particular, greening of agribusiness supply chains and promoting more equitable access to climate and other finance to women-led SMEs. The bank will aim to deliver at least 70% of the proceeds to Green Economy Transition (GET) eligible projects.European Bank for Reconstruction and DevelopmentUNICREDIT BANK DDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGMOSTAR43.34333 17.808067000000UNICREDIT BANK DDPRIVATEPRIVATEPRIVATEProvision of a senior secured loan in the amount of up to EUR 7 million to UniCredit Bank d.d. Mostar ("UCM"). The loan is envisaged under the FIF SME Go Green Programme (the "Programme"). Proceeds of the Loan will be used for providing sub-loans to eligible SMEs in Bosnia and Herzegovina for improving their competitiveness and trade potential via targeted investments in sustainability practices and the adoption of internationally recognised quality standards, scaling up green economy investments and in particular, greening of agribusiness supply chains and promoting more equitable access to climate and other finance to women-led SMEs. The bank will aim to deliver at least 70% of the proceeds to Green Economy Transition (GET) eligible projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54736XI-IATI-EBRD-52683European Bank for Reconstruction and DevelopmentThe development, construction and operation of a 461 MW wind farm project in Buzau County in Romania (the "Project"). The Project is owned by First Look Solutions S.A. (the "Company"), a limited liability company incorporated in Romania and owned by Rezolv Energy S.A. ("Rezolv Energy"). The Project will contribute to climate change mitigation and the Romanian green energy transition by increasing the share of renewable energy generation in the country and adding new onshore wind generation capacity to the national energy system. In addition, the Project will also strengthen the private sector presence in the renewable energy sector in the country.European Bank for Reconstruction and DevelopmentFIRST LOOK SOLUTIONS SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUCHAREST44.43225 26.1062621739755.0676037195.27FIRST LOOK SOLUTIONS SAPRIVATEPRIVATEPRIVATEThe development, construction and operation of a 461 MW wind farm project in Buzau County in Romania (the "Project"). The Project is owned by First Look Solutions S.A. (the "Company"), a limited liability company incorporated in Romania and owned by Rezolv Energy S.A. ("Rezolv Energy"). The Project will contribute to climate change mitigation and the Romanian green energy transition by increasing the share of renewable energy generation in the country and adding new onshore wind generation capacity to the national energy system. In addition, the Project will also strengthen the private sector presence in the renewable energy sector in the country. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52683XI-IATI-EBRD-49320European Bank for Reconstruction and DevelopmentLong-term senior debt financing of up to USD 9.1 million (EUR 8.3 million equivalent) to finance the construction of a 50 MW solar photovoltaic plant located in the proposed 1.8 GW Benban solar complex in the Aswan province of Egypt (the "Project"). The Project will be one of the first utility scale solar plants in Egypt and will support the country in increasing its renewable energy capacity. The Project is part of a larger portfolio of three projects for a total capacity of 120 MW plants developed in Benban by the same group of lead sponsors. The Project will be developed under the programme implemented by the Egyptian government offering feed-in tariffs to projects of up to 50 MW capacity to stimulate private investment in over 4 GW of wind and solar power. This scheme aims to support Egypt to move to a more environmentally sustainable and diverse electricity sector by exploiting the country's vast renewable energy potential. It is expected to improve the environmental characteristics of Egypt's power sector by reducing emissions of local pollutants and CO2, as well as water consumption.European Bank for Reconstruction and DevelopmentALCOM ENERGY JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.249670.0126233038.61ALCOM ENERGY JSCPRIVATEPRIVATEPRIVATELong-term senior debt financing of up to USD 9.1 million (EUR 8.3 million equivalent) to finance the construction of a 50 MW solar photovoltaic plant located in the proposed 1.8 GW Benban solar complex in the Aswan province of Egypt (the "Project"). The Project will be one of the first utility scale solar plants in Egypt and will support the country in increasing its renewable energy capacity. The Project is part of a larger portfolio of three projects for a total capacity of 120 MW plants developed in Benban by the same group of lead sponsors. The Project will be developed under the programme implemented by the Egyptian government offering feed-in tariffs to projects of up to 50 MW capacity to stimulate private investment in over 4 GW of wind and solar power. This scheme aims to support Egypt to move to a more environmentally sustainable and diverse electricity sector by exploiting the country's vast renewable energy potential. It is expected to improve the environmental characteristics of Egypt's power sector by reducing emissions of local pollutants and CO2, as well as water consumption. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49320XI-IATI-EBRD-54657European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan in the amount of up to MAD 220 million (EUR 20m equivalent) in favour of BMCI under the Women in Business ("WiB") programme to support women-led MSMEs, including a focus on digitalisation investments and on the MSMEs located in the regions affected by the 8th September 2023 earthquake. The project aims to promote women's entrepreneurship and participation in business by improving their access to finance and advice through dedicated credit lines and tailored technical assistance programmes. A special focus will be given to distribution of funds in the regions and outreach to new customers. Moreover, the project will support access to finance for women-led MSMEs in the regions affected by the 8th September 2023 earthquake.European Bank for Reconstruction and DevelopmentBANQUE MAROCAINE POUR LE COMMERCE ET L'INDUSTRIE (BMCI)European Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCASABLANCA33.58831 -7.6113820521896.07BANQUE MAROCAINE POUR LE COMMERCE ET L'INDUSTRIE (BMCI)PRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan in the amount of up to MAD 220 million (EUR 20m equivalent) in favour of BMCI under the Women in Business ("WiB") programme to support women-led MSMEs, including a focus on digitalisation investments and on the MSMEs located in the regions affected by the 8th September 2023 earthquake. The project aims to promote women's entrepreneurship and participation in business by improving their access to finance and advice through dedicated credit lines and tailored technical assistance programmes. A special focus will be given to distribution of funds in the regions and outreach to new customers. Moreover, the project will support access to finance for women-led MSMEs in the regions affected by the 8th September 2023 earthquake. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54657XI-IATI-EBRD-47981European Bank for Reconstruction and DevelopmentOn 24 November 2016, the Bank signed a project with the City of Amman to finance priority solid waste investments in Amman (the "Project"). The financing is structured in two tranches: * Tranche I, consisting of JOD 40 million, committed at signing and used to refinance GAM's existing debt to release funds for a comprehensive solid waste crisis response programme. Tranche 1 is co-financed by a GBP 5 million investment grant by an international donor for urgently needed solid waste investments. * Tranche II, consisting of up to EUR 50 million loan from EBRD, remains uncommitted and will finance a series of investments aimed at addressing the City's urgent solid waste needs. Tranche II components are expected to be co-financed by capex grants of up to 50 per cent, provided by international donor(s) and the Bank through its Shareholder Special Fund ("SSF"). To date (June 2020 update), the Bank has financed 5 sub-projects under this Tranche as follows: * Tranche II-A: signed on 10 May 2017, for the construction of a fifth cell at Al-Ghabawi Landfill and its associated leachate lagoons. The component is financed by a JOD 3.25 million EBRD loan and a GBP 4.25 investment grant. * Tranche II-B: signed on 9 May 2018, to finance the purchases of 75 compactors and other equipment to be used by GAM in solid waste operations. The component is financed by a JOD 9.9 million EBRD loan and two investment grants of GBP 5.63 million and USD 7.4 million respectively. * Tranche II-C: signed on 29 November 2018, to finance the capping of cell 4 wells, drilling and installation of the Landfill Gas Recovery ("LFG") collection system, and connecting it to the existing LFG system for cells 1,2 and 3. This component is financed by a JOD 3.2 million EBRD loan and a EUR 3.8 million grant. * Tranche II-D: signed on 19 December 2019 , to finance the upgrade and rehabilitation of Al-Shaer waste transfer station. This component is financed by a JOD 2.5 million EBRD loan and a grant of USD 3.5 million * Tranche II-E: signed on 19 December 2019 , to finance the purchase of 25 sweeper vehicles for use in solid waste operations in Amman. This component is financed by a JOD 2.4 million and a grant of EUR 3.0 million. In addition, in the solid waste sector, EBRD provided GAM a USD 13 million sovereign-guaranteed loan in 2015 to finance the construction of a landfill gas recovery system at the Al-Ghabawi landfill site under a design, build and operate contract. The loan was co-financed by an up to USD 5 million loan funded by the Green Energy Special Fund ("GESF") administered by the EBRD. The financing package forms part of the EBRD's Refugee Crisis Response Programme. GAM, which hosts around 30 per cent of the Syrian refugee population in Jordan, is largely affected by the on-going refugee influx. This places a heavy strain on Amman's municipal infrastructure and in particular on the solid waste management system. There is an urgent need to strengthen GAM's resilience as well as to optimise its financing, and Tranche I will allow GAM to liberate urgently needed funds to enable it to deal with the on-going challenges. Tranche II of the investment package is targeted towards financing specific investments in the solid waste sector to mitigate the effects of the refugee influx and provide more sustainable and long-term solutions. These investments will be assessed on a project-by-project basis and are expected to be co-financed by investment grants made available by other partners, including, but not limited to, the European Union.European Bank for Reconstruction and DevelopmentMUNICIPALITY OF GREATER AMMANEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGAMMAN31.95522 35.9450349389362.27MUNICIPALITY OF GREATER AMMAN49389362.27MUNICIPALITY OF GREATER AMMANSTATESTATESTATESTATEOn 24 November 2016, the Bank signed a project with the City of Amman to finance priority solid waste investments in Amman (the "Project"). The financing is structured in two tranches: * Tranche I, consisting of JOD 40 million, committed at signing and used to refinance GAM's existing debt to release funds for a comprehensive solid waste crisis response programme. Tranche 1 is co-financed by a GBP 5 million investment grant by an international donor for urgently needed solid waste investments. * Tranche II, consisting of up to EUR 50 million loan from EBRD, remains uncommitted and will finance a series of investments aimed at addressing the City's urgent solid waste needs. Tranche II components are expected to be co-financed by capex grants of up to 50 per cent, provided by international donor(s) and the Bank through its Shareholder Special Fund ("SSF"). To date (June 2020 update), the Bank has financed 5 sub-projects under this Tranche as follows: * Tranche II-A: signed on 10 May 2017, for the construction of a fifth cell at Al-Ghabawi Landfill and its associated leachate lagoons. The component is financed by a JOD 3.25 million EBRD loan and a GBP 4.25 investment grant. * Tranche II-B: signed on 9 May 2018, to finance the purchases of 75 compactors and other equipment to be used by GAM in solid waste operations. The component is financed by a JOD 9.9 million EBRD loan and two investment grants of GBP 5.63 million and USD 7.4 million respectively. * Tranche II-C: signed on 29 November 2018, to finance the capping of cell 4 wells, drilling and installation of the Landfill Gas Recovery ("LFG") collection system, and connecting it to the existing LFG system for cells 1,2 and 3. This component is financed by a JOD 3.2 million EBRD loan and a EUR 3.8 million grant. * Tranche II-D: signed on 19 December 2019 , to finance the upgrade and rehabilitation of Al-Shaer waste transfer station. This component is financed by a JOD 2.5 million EBRD loan and a grant of USD 3.5 million * Tranche II-E: signed on 19 December 2019 , to finance the purchase of 25 sweeper vehicles for use in solid waste operations in Amman. This component is financed by a JOD 2.4 million and a grant of EUR 3.0 million. In addition, in the solid waste sector, EBRD provided GAM a USD 13 million sovereign-guaranteed loan in 2015 to finance the construction of a landfill gas recovery system at the Al-Ghabawi landfill site under a design, build and operate contract. The loan was co-financed by an up to USD 5 million loan funded by the Green Energy Special Fund ("GESF") administered by the EBRD. The financing package forms part of the EBRD's Refugee Crisis Response Programme. GAM, which hosts around 30 per cent of the Syrian refugee population in Jordan, is largely affected by the on-going refugee influx. This places a heavy strain on Amman's municipal infrastructure and in particular on the solid waste management system. There is an urgent need to strengthen GAM's resilience as well as to optimise its financing, and Tranche I will allow GAM to liberate urgently needed funds to enable it to deal with the on-going challenges. Tranche II of the investment package is targeted towards financing specific investments in the solid waste sector to mitigate the effects of the refugee influx and provide more sustainable and long-term solutions. These investments will be assessed on a project-by-project basis and are expected to be co-financed by investment grants made available by other partners, including, but not limited to, the European Union. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47981XI-IATI-EBRD-56150European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to €4.5 million (the "GFF Loan") to be provided in one single tranche under the Green Finance Facility in North Macedonia ("GFF"). The loan is intended to provide sub-loans to SMEs in North Macedonia to support investments in eligible RE and/or EE projects ("Sub-projects"). 100% of the use of proceeds will be related to Green Economy Transition ("GET") investments.European Bank for Reconstruction and DevelopmentSPARKASSE BANK AD SKOPJEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.431414500000SPARKASSE BANK AD SKOPJEPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to €4.5 million (the "GFF Loan") to be provided in one single tranche under the Green Finance Facility in North Macedonia ("GFF"). The loan is intended to provide sub-loans to SMEs in North Macedonia to support investments in eligible RE and/or EE projects ("Sub-projects"). 100% of the use of proceeds will be related to Green Economy Transition ("GET") investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56150XI-IATI-EBRD-55071European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to RSD 586 million (€5 million equivalent), under the Western Balkans GEFF III REpower Residential programme ("WB GEFF III"). The transaction will support the aim of the Programme to provide access to finance for green investment on-lending in a gender-responsive way for the residential sector (individual residents, housing collectives and housing management companies, service providers, producers and vendors of green technologies and materials and construction companies) and public sector.European Bank for Reconstruction and DevelopmentNLB KOMERCIJALNA BANKA AD BEOGRADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.465134992701.58NLB KOMERCIJALNA BANKA AD BEOGRADPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to RSD 586 million (€5 million equivalent), under the Western Balkans GEFF III REpower Residential programme ("WB GEFF III"). The transaction will support the aim of the Programme to provide access to finance for green investment on-lending in a gender-responsive way for the residential sector (individual residents, housing collectives and housing management companies, service providers, producers and vendors of green technologies and materials and construction companies) and public sector. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55071XI-IATI-EBRD-55631European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 5 million under Western Balkans GEFF III to NLB Pristina for on-lending to the residential sector for green economy investments. The loan is intended for providing sub-loans to help finance investments in high-performance energy efficiency and renewable energy technologies, materials and solutions undertaken in or in relation to privately owned residential dwellings or buildings, construction of GET-eligible High energy Performance Residential Buildings (HPRBs) and eligible Energy Efficiency and/or Renewable Energy projects in the Public Sector. 100% of the use of proceeds will be related to investments eligible under the EBRD's Green Economy Transition ("GET") approach.European Bank for Reconstruction and DevelopmentNLB BANKA SHAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRISTINA42.67272 21.166885000000NLB BANKA SHAPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 5 million under Western Balkans GEFF III to NLB Pristina for on-lending to the residential sector for green economy investments. The loan is intended for providing sub-loans to help finance investments in high-performance energy efficiency and renewable energy technologies, materials and solutions undertaken in or in relation to privately owned residential dwellings or buildings, construction of GET-eligible High energy Performance Residential Buildings (HPRBs) and eligible Energy Efficiency and/or Renewable Energy projects in the Public Sector. 100% of the use of proceeds will be related to investments eligible under the EBRD's Green Economy Transition ("GET") approach. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55631XI-IATI-EBRD-57257European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan to Addiko Bank Serbia ("ABS") of €25 million under the Financial Intermediaries Framework ("FIF") for on-lending to small and medium enterprises (SMEs) in Serbia. The loan will be the fourth transaction with ABS in support of SME lending under FIF. The proposed project will improve access to finance for SMEs, which are the main source of employment in the private sector and a major contributor to the economy in Serbia. The bank is successfully implementing a SME-focused strategy and well-positioned to provide much needed financing to smaller businesses in the country via its regional branch network. The focus will also be on lending in the regions outside the capital and attracting new SME clients.European Bank for Reconstruction and DevelopmentADDIKO BANK AD BEOGRADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651312500000ADDIKO BANK AD BEOGRADPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan to Addiko Bank Serbia ("ABS") of €25 million under the Financial Intermediaries Framework ("FIF") for on-lending to small and medium enterprises (SMEs) in Serbia. The loan will be the fourth transaction with ABS in support of SME lending under FIF. The proposed project will improve access to finance for SMEs, which are the main source of employment in the private sector and a major contributor to the economy in Serbia. The bank is successfully implementing a SME-focused strategy and well-positioned to provide much needed financing to smaller businesses in the country via its regional branch network. The focus will also be on lending in the regions outside the capital and attracting new SME clients. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57257XI-IATI-EBRD-52808European Bank for Reconstruction and DevelopmentThe provision of a senior pre-privatisation convertible loan of up to US$ 50 million in favour of Uzbek Industrial and Construction Bank (UzPSB), a joint stock commercial bank established in Uzbekistan. The equivalent of 20 per cent of the EBRD loan will be used for supporting energy efficiency, renewable energy, climate resilience investments. The remainng amount will on-lent private-sector borrowers. The conversion of the loan is at the EBRD's full discretion and will depend on the progress of UzPSB's privatisation. The project aims to contribute to privatisation of UzPSB via extending a convertible loan along with other International Financial Institutions (IFIs) assisting the government of Uzbekistan with banking sector reforms. The proceeds of the loan will be used to promote private entrepreneurship and green investement.European Bank for Reconstruction and DevelopmentUZBEK INDUSTRIAL AND CONSTRUCTION BANK JSCB (UZPROMSTROYBANK)European Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.2162743771338.53UZBEK INDUSTRIAL AND CONSTRUCTION BANK JSCB (UZPROMSTROYBANK)PRIVATEPRIVATEPRIVATEThe provision of a senior pre-privatisation convertible loan of up to US$ 50 million in favour of Uzbek Industrial and Construction Bank (UzPSB), a joint stock commercial bank established in Uzbekistan. The equivalent of 20 per cent of the EBRD loan will be used for supporting energy efficiency, renewable energy, climate resilience investments. The remainng amount will on-lent private-sector borrowers. The conversion of the loan is at the EBRD's full discretion and will depend on the progress of UzPSB's privatisation. The project aims to contribute to privatisation of UzPSB via extending a convertible loan along with other International Financial Institutions (IFIs) assisting the government of Uzbekistan with banking sector reforms. The proceeds of the loan will be used to promote private entrepreneurship and green investement. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52808XI-IATI-EBRD-54421European Bank for Reconstruction and DevelopmentThe Bank is considering to provide an up to US$ 66.4 million loan to finance the construction of a 230 km 500 kV overhead transmission line between the settlements of Sarimay in the Khorezm region and Muruntau in the Navoi region. The Project will be implemented by Joint-Stock Company National Electric Grid of Uzbekistan (NEGU). The implementation of the project shall improve reliability, efficiency and stability of the transmission network as well as the quality and security of electricity supply. The transmission line will facilitate the interconnection of two different power areas of Uzbekistan's power system: north-western, the area with one of the highest renewable energy potential in the country and located in a remote area with limited transmission capacity, and south-western. The project will also help balance the load and address bottlenecks in the transmission grid.European Bank for Reconstruction and DevelopmentUZBEKISTAN SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.2162757196833.2658084566.23UZBEKISTAN SOVEREIGN580845.66UZBEKISTAN SOVEREIGN184346.34UZBEKISTAN SOVEREIGN122540.97UZBEKISTAN SOVEREIGNSTATESTATESTATESTATEThe Bank is considering to provide an up to US$ 66.4 million loan to finance the construction of a 230 km 500 kV overhead transmission line between the settlements of Sarimay in the Khorezm region and Muruntau in the Navoi region. The Project will be implemented by Joint-Stock Company National Electric Grid of Uzbekistan (NEGU). The implementation of the project shall improve reliability, efficiency and stability of the transmission network as well as the quality and security of electricity supply. The transmission line will facilitate the interconnection of two different power areas of Uzbekistan's power system: north-western, the area with one of the highest renewable energy potential in the country and located in a remote area with limited transmission capacity, and south-western. The project will also help balance the load and address bottlenecks in the transmission grid. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54421XI-IATI-EBRD-55649European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to EUR 35 million in favour of Banque Marocaine pour le Commerce et l'Industrie ("BMCI"), as part of a EUR 65m "GEFF +" Package (including also a EUR 30 million MidGEFF loan). Up to EUR 1.75 million is expected to be co-financed by the Green Climate Fund ("GCF") and a comprehensive incentive grants and technical assistance package will be funded by the European Union, as part of the Morocco Decarbonisation and Climate Resilience Programme ("MDCR"), as well as the GCF. The proceeds of the loan will be used by BMCI for on-lending to private companies to finance their climate change mitigation and adaptation investments in a gender-responsive way. The project will promote a green economy in Morocco by supporting private sector Moroccan MSMEs and Midcaps implementing climate change adaptation and mitigation investments in a gender-responsive way. The project will specifically target, among other things: small-scale renewable energy, energy efficiency, green buildings, circular economy, climate adaptation investments (with a particular focus on water efficiency and sustainable land management), digitalisation and blue economy investments.European Bank for Reconstruction and DevelopmentBANQUE MAROCAINE POUR LE COMMERCE ET L'INDUSTRIE (BMCI)European Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCASABLANCA33.58831 -7.611383325000033250000BANQUE MAROCAINE POUR LE COMMERCE ET L'INDUSTRIE (BMCI)PRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to EUR 35 million in favour of Banque Marocaine pour le Commerce et l'Industrie ("BMCI"), as part of a EUR 65m "GEFF +" Package (including also a EUR 30 million MidGEFF loan). Up to EUR 1.75 million is expected to be co-financed by the Green Climate Fund ("GCF") and a comprehensive incentive grants and technical assistance package will be funded by the European Union, as part of the Morocco Decarbonisation and Climate Resilience Programme ("MDCR"), as well as the GCF. The proceeds of the loan will be used by BMCI for on-lending to private companies to finance their climate change mitigation and adaptation investments in a gender-responsive way. The project will promote a green economy in Morocco by supporting private sector Moroccan MSMEs and Midcaps implementing climate change adaptation and mitigation investments in a gender-responsive way. The project will specifically target, among other things: small-scale renewable energy, energy efficiency, green buildings, circular economy, climate adaptation investments (with a particular focus on water efficiency and sustainable land management), digitalisation and blue economy investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55649XI-IATI-EBRD-55152European Bank for Reconstruction and DevelopmentThe provision of a senior unsecured loan of up to US$ 3 million (in TJS equivalent) under the FIF Youth in Business Programme for Central Asia (YiB CA) in favour of FMFB. The project aims at supporting LCY lending to eligible youth-owned or youth-led MSMEs in Tajikistan in accordance with the YiB CA Policy Statement.European Bank for Reconstruction and DevelopmentINVESTMENT AND CREDIT BANK OF TAJIKISTAN CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGDUSHANBE38.53575 68.779052965454.58INVESTMENT AND CREDIT BANK OF TAJIKISTAN CJSCPRIVATEPRIVATEPRIVATEThe provision of a senior unsecured loan of up to US$ 3 million (in TJS equivalent) under the FIF Youth in Business Programme for Central Asia (YiB CA) in favour of FMFB. The project aims at supporting LCY lending to eligible youth-owned or youth-led MSMEs in Tajikistan in accordance with the YiB CA Policy Statement. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55152XI-IATI-EBRD-55340European Bank for Reconstruction and DevelopmentProvision of up to €9 million, senior loan (the "Loan") to the Borrower in two committed tranches. Tranche 1: Up to €7 million for the construction of a new distribution centre, related equipment, the 0.5 MW solar plant, and refinancing. Tranche 2: Up to €2 million for the introduction of a new ERP system. The project will allow Silbo to increase its distribution capacities and strengthen the market position as the leading cold-chain distributor in Serbia. The project will also include the installation of PV panels atop the new distribution center, sourced from a supplier listed on the EBRD Green Technology Selector, underscoring the Silbo's commitment to sustainable and energy-efficient operations. Furthermore, the project involves upgrading the outdated ERP system to a modern solution, better aligned with Silbo's current operational scale and needs.European Bank for Reconstruction and DevelopmentSILBO DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.465131111111.115000000SILBO DOOPRIVATEPRIVATEPRIVATEProvision of up to €9 million, senior loan (the "Loan") to the Borrower in two committed tranches. Tranche 1: Up to €7 million for the construction of a new distribution centre, related equipment, the 0.5 MW solar plant, and refinancing. Tranche 2: Up to €2 million for the introduction of a new ERP system. The project will allow Silbo to increase its distribution capacities and strengthen the market position as the leading cold-chain distributor in Serbia. The project will also include the installation of PV panels atop the new distribution center, sourced from a supplier listed on the EBRD Green Technology Selector, underscoring the Silbo's commitment to sustainable and energy-efficient operations. Furthermore, the project involves upgrading the outdated ERP system to a modern solution, better aligned with Silbo's current operational scale and needs. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55340XI-IATI-EBRD-50643European Bank for Reconstruction and DevelopmentLong-term senior unsecured loan to Erste Bank AD Novi Sad (EBS) for on-lending to small and medium enterprises (SMEs) in Serbia. The project will contribute to the expansion of lending to private businesses through working capital lines and investment loans to SMEs, including enterprises operating in economically less developed regions of the country. Furthermore, the transaction supports EBS's growth strategy and diversification of its funding sources.European Bank for Reconstruction and DevelopmentERSTE BANK AD NOVI SADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGNOVI SAD45.25167 19.8369440000000ERSTE BANK AD NOVI SADPRIVATEPRIVATEPRIVATELong-term senior unsecured loan to Erste Bank AD Novi Sad (EBS) for on-lending to small and medium enterprises (SMEs) in Serbia. The project will contribute to the expansion of lending to private businesses through working capital lines and investment loans to SMEs, including enterprises operating in economically less developed regions of the country. Furthermore, the transaction supports EBS's growth strategy and diversification of its funding sources. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50643XI-IATI-EBRD-53332European Bank for Reconstruction and DevelopmentThe proposed Project includes construction of new production facilities and procurement of new production lines (assembly plant, machining workshop, material cutting plant and a paint-shop). In addition, the Company will build a 300KW rooftop solar power plant, planned for the second half of 2022. The investment will effectively increase the capacity of Stax Technologies by over 70%, and will improve energy efficiency and productivity through partial replacement of existing equipment and machinery. The new plant will be a virtual replica of the existing one, but will operate the latest state-of-the-art equipment, with much higher efficiency. The new production buildings are designed to achieve Energy Performance Certificate of Class B which is above the national requirement. The overall objectives of the Project are good financial and operational performance and on-time project implementation.European Bank for Reconstruction and DevelopmentSTAX TECHNOLOGIES KONJEVICI DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCACAK43.89139 20.3497210400000STAX TECHNOLOGIES KONJEVICI DOOPRIVATEPRIVATEPRIVATEThe proposed Project includes construction of new production facilities and procurement of new production lines (assembly plant, machining workshop, material cutting plant and a paint-shop). In addition, the Company will build a 300KW rooftop solar power plant, planned for the second half of 2022. The investment will effectively increase the capacity of Stax Technologies by over 70%, and will improve energy efficiency and productivity through partial replacement of existing equipment and machinery. The new plant will be a virtual replica of the existing one, but will operate the latest state-of-the-art equipment, with much higher efficiency. The new production buildings are designed to achieve Energy Performance Certificate of Class B which is above the national requirement. The overall objectives of the Project are good financial and operational performance and on-time project implementation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53332XI-IATI-EBRD-52793European Bank for Reconstruction and DevelopmentProvision of a EUR 100 million sovereign loan facility to the Republic of Serbia to finance the construction of mid-mile and last mile fibre broadband infrastructure connecting up to 1,200 rural schools/ public institutions in Serbia to the existing fibre backbone network. The Project will support deployment of mid-mile and last-mile broadband internet infrastructure that will connect existing fibre backbone to up to 1,600 schools/ public institutions in white zones (without access to broadband network), in rural areas in Serbia. The Project is part of a larger initiative and represents the continuation of the first project (Rural Broadband Rollout, OpID 51835), signed on 30 December 2020, which targeted 600 schools/ public institutions. Due to geographic isolation and low population density, deploying broadband in white areas is not sufficiently profitable for any single operator. Mid-mile rollout and provision to telecom operators on free-use rights basis will decrease the capex required for network expansion to households in rural areas, making targeted white zones more attractive for investment by operators. The Ministry of Trade, Tourism and Telecommunication (MoTT), as client and implementing agency, aims to incentivize telecom operators to deploy last-mile broadband to households in white zones in rural areas, which are not targeted for network expansion by any operator in the next 3 years. The Project will address the shortage of digitally skilled labour, which Serbia is experiencing due to recent rapid ICT sector growth, and which now presents a serious hindrance to private sector development. The Project will also address the digital rural-urban divide, since the lack of broadband in rural areas reduces the capacity of a large portion of the country's population to fully participate in the modern economy. The Project is in line with the EBRD Country Strategy for Serbia (BDS/SB/17-1 /F), with objective to improve public governance and business climate through "support to new technologies and innovation, benefitting from digital switchover and broadband penetration", as well as with the ICT Sector Strategy (BDS14-052) by "promoting competitive network expansion and access to communications and information to more citizens, through broadband penetration to more distant places".European Bank for Reconstruction and DevelopmentSERBIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651341278066.21100000000SERBIA SOVEREIGN500000SERBIA SOVEREIGN287760.02SERBIA SOVEREIGN1617310.89SERBIA SOVEREIGN2255008.78SERBIA SOVEREIGN1937779.17SERBIA SOVEREIGN1930700.44SERBIA SOVEREIGN2175328.54SERBIA SOVEREIGN7440SERBIA SOVEREIGN2095379.36SERBIA SOVEREIGN1999755.28SERBIA SOVEREIGN2066797.9SERBIA SOVEREIGN847880.21SERBIA SOVEREIGN611810.72SERBIA SOVEREIGN872698.69SERBIA SOVEREIGN349316.28SERBIA SOVEREIGN483345.25SERBIA SOVEREIGN789499.66SERBIA SOVEREIGN267906.33SERBIA SOVEREIGN502515.12SERBIA SOVEREIGN139242.67SERBIA SOVEREIGN325009.6SERBIA SOVEREIGN10490178.03SERBIA SOVEREIGN508841.17SERBIA SOVEREIGN11096.92SERBIA SOVEREIGN71040SERBIA SOVEREIGN67807.86SERBIA SOVEREIGN74000SERBIA SOVEREIGN74000SERBIA SOVEREIGN75465.2SERBIA SOVEREIGN616543.77SERBIA SOVEREIGN168524.12SERBIA SOVEREIGN62970.52SERBIA SOVEREIGN375852.9SERBIA SOVEREIGN15760420.33SERBIA SOVEREIGN80774SERBIA SOVEREIGN3978652.17SERBIA SOVEREIGN135000SERBIA SOVEREIGN13000SERBIA SOVEREIGN2729031.58SERBIA SOVEREIGN560725.33SERBIA SOVEREIGN527099.87SERBIA SOVEREIGN201725.11SERBIA SOVEREIGN76700SERBIA SOVEREIGNSTATESTATESTATESTATEProvision of a EUR 100 million sovereign loan facility to the Republic of Serbia to finance the construction of mid-mile and last mile fibre broadband infrastructure connecting up to 1,200 rural schools/ public institutions in Serbia to the existing fibre backbone network. The Project will support deployment of mid-mile and last-mile broadband internet infrastructure that will connect existing fibre backbone to up to 1,600 schools/ public institutions in white zones (without access to broadband network), in rural areas in Serbia. The Project is part of a larger initiative and represents the continuation of the first project (Rural Broadband Rollout, OpID 51835), signed on 30 December 2020, which targeted 600 schools/ public institutions. Due to geographic isolation and low population density, deploying broadband in white areas is not sufficiently profitable for any single operator. Mid-mile rollout and provision to telecom operators on free-use rights basis will decrease the capex required for network expansion to households in rural areas, making targeted white zones more attractive for investment by operators. The Ministry of Trade, Tourism and Telecommunication (MoTT), as client and implementing agency, aims to incentivize telecom operators to deploy last-mile broadband to households in white zones in rural areas, which are not targeted for network expansion by any operator in the next 3 years. The Project will address the shortage of digitally skilled labour, which Serbia is experiencing due to recent rapid ICT sector growth, and which now presents a serious hindrance to private sector development. The Project will also address the digital rural-urban divide, since the lack of broadband in rural areas reduces the capacity of a large portion of the country's population to fully participate in the modern economy. The Project is in line with the EBRD Country Strategy for Serbia (BDS/SB/17-1 /F), with objective to improve public governance and business climate through "support to new technologies and innovation, benefitting from digital switchover and broadband penetration", as well as with the ICT Sector Strategy (BDS14-052) by "promoting competitive network expansion and access to communications and information to more citizens, through broadband penetration to more distant places". For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52793XI-IATI-EBRD-55918European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to €15 million to be provided in three equal tranches, under the SME Go Green programme ("SME Go Green"). The transaction will support the aim of the Programme to: (i) scale up green economy investments, including energy efficient, resource efficient and renewable energy investments; (ii) in particular, scale up greening of agribusinesses supply chains and help agribusiness companies in the region reduce their environmental impact and become more sustainable and more resilient to the risks of climate change; (iii) increase SME competitiveness and trade potential of the private sector via targeted investments in sustainability practices and the adoption of internationally recognised quality standards; (iv) strengthen the financial sector by supporting climate resilience and inclusiveness of the Western Balkan economies, by improving financial institutions and businesses capacity to deploy sustainable and gender responsive green solutions as well as enhancing climate risk practices to ensure all projects under the Programme are aligned with the Paris Agreement; (v) promote more equitable access to climate and other finance for women-led SMEs in the region.European Bank for Reconstruction and DevelopmentERSTE BANK AD NOVI SADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGNOVI SAD45.25167 19.8369410000000ERSTE BANK AD NOVI SADPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to €15 million to be provided in three equal tranches, under the SME Go Green programme ("SME Go Green"). The transaction will support the aim of the Programme to: (i) scale up green economy investments, including energy efficient, resource efficient and renewable energy investments; (ii) in particular, scale up greening of agribusinesses supply chains and help agribusiness companies in the region reduce their environmental impact and become more sustainable and more resilient to the risks of climate change; (iii) increase SME competitiveness and trade potential of the private sector via targeted investments in sustainability practices and the adoption of internationally recognised quality standards; (iv) strengthen the financial sector by supporting climate resilience and inclusiveness of the Western Balkan economies, by improving financial institutions and businesses capacity to deploy sustainable and gender responsive green solutions as well as enhancing climate risk practices to ensure all projects under the Programme are aligned with the Paris Agreement; (v) promote more equitable access to climate and other finance for women-led SMEs in the region. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55918XI-IATI-EBRD-54650European Bank for Reconstruction and DevelopmentProvision of a long-term senior unsecured loan of up to EUR 7 million to be provided in two equal tranches for on-lending to small and medium-sized enterprises ("SMEs") in North Macedonia for investments in renewable energy ("RE") and energy efficiency ("EE"). The loan comes as the pilot project under the Green Finance Facility - North Macedonia (the "GFF", the "Facility"), established in partnership with UNDP, with contributions from the Joint SDG Fund and the government of North Macedonia. The loan aims to support green economy investments in eligible RE and EE measures under the Bank's Green Economy Transition ("GET") approach. The project will build on the momentum created to date and it will focus on the competitiveness and climate resilience of SMEs in North Macedonia.European Bank for Reconstruction and DevelopmentSPARKASSE BANK AD SKOPJEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.431417000000SPARKASSE BANK AD SKOPJEPRIVATEPRIVATEPRIVATEProvision of a long-term senior unsecured loan of up to EUR 7 million to be provided in two equal tranches for on-lending to small and medium-sized enterprises ("SMEs") in North Macedonia for investments in renewable energy ("RE") and energy efficiency ("EE"). The loan comes as the pilot project under the Green Finance Facility - North Macedonia (the "GFF", the "Facility"), established in partnership with UNDP, with contributions from the Joint SDG Fund and the government of North Macedonia. The loan aims to support green economy investments in eligible RE and EE measures under the Bank's Green Economy Transition ("GET") approach. The project will build on the momentum created to date and it will focus on the competitiveness and climate resilience of SMEs in North Macedonia. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54650XI-IATI-EBRD-52234European Bank for Reconstruction and DevelopmentThe provision of an unfunded risk sharing guarantee for the Raiffeisen Bank Aval, which is organising working capital financing of up to UAH 440 million (€ 15 million equivavlent) to Nadezhda Group, an independent Ukrainian wholesale and retail distributor of liquefied petroleum gas and petroleum products. The Loan will allow Nadezhda Group to: 1) consolidate and optimise its debt portfolio, reduce the number of opened short-term credit lines with other commercial banks; 2) maintain current working capital debt financing level.European Bank for Reconstruction and DevelopmentPE NADEZHDAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPOLTAVA49.59373 34.540735157268.36PE NADEZHDAPRIVATEPRIVATEPRIVATEThe provision of an unfunded risk sharing guarantee for the Raiffeisen Bank Aval, which is organising working capital financing of up to UAH 440 million (€ 15 million equivavlent) to Nadezhda Group, an independent Ukrainian wholesale and retail distributor of liquefied petroleum gas and petroleum products. The Loan will allow Nadezhda Group to: 1) consolidate and optimise its debt portfolio, reduce the number of opened short-term credit lines with other commercial banks; 2) maintain current working capital debt financing level. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52234XI-IATI-EBRD-55430European Bank for Reconstruction and DevelopmentThe provision of a senior loan in the amount of up to US$ 15 million (in US dollar or Kazakhstan tenge equivalent to be determined at disbursement) to Microfinance Organisation KMF ("MFO KMF", "KMF") ("WiB loan"). The loan will be provided under the Kazakhstan Women in Business Programme II ("KazWiB II"), rolled into the Financial Intermediaries Framework ("FIF"). The financing will be used for on-lending to eligible women-led private micro, small and medium enterprises (MSMEs) in Kazakhstan. The aim of the loan is to (i) promote women's entrepreneurship and access to finance, and more broadly women's participation in business, through the development of a strong Women in Business SME sector in Kazakhstan, by facilitating access to finance and advice for women-led MSMEs. The loan will be complemented by the enhancement of sustainable credit mechanisms targeted at women-led MSMEs through technical assistance at the KazWiB II level; and technical support for women-led MSMEs in accessing know-how, business development tools and networking opportunities; (ii) diversify KMF's funding base; and (iii) enhance KMF's product range via new digital sales channels. KMF will continue providing loans aimed at investments in climate change mitigation and adaptation technologies and services supporting Green Economy Transition.European Bank for Reconstruction and DevelopmentKMF BANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGALMATY43.25667 76.9286112637854.18KMF BANK JSCPRIVATEPRIVATEPRIVATEThe provision of a senior loan in the amount of up to US$ 15 million (in US dollar or Kazakhstan tenge equivalent to be determined at disbursement) to Microfinance Organisation KMF ("MFO KMF", "KMF") ("WiB loan"). The loan will be provided under the Kazakhstan Women in Business Programme II ("KazWiB II"), rolled into the Financial Intermediaries Framework ("FIF"). The financing will be used for on-lending to eligible women-led private micro, small and medium enterprises (MSMEs) in Kazakhstan. The aim of the loan is to (i) promote women's entrepreneurship and access to finance, and more broadly women's participation in business, through the development of a strong Women in Business SME sector in Kazakhstan, by facilitating access to finance and advice for women-led MSMEs. The loan will be complemented by the enhancement of sustainable credit mechanisms targeted at women-led MSMEs through technical assistance at the KazWiB II level; and technical support for women-led MSMEs in accessing know-how, business development tools and networking opportunities; (ii) diversify KMF's funding base; and (iii) enhance KMF's product range via new digital sales channels. KMF will continue providing loans aimed at investments in climate change mitigation and adaptation technologies and services supporting Green Economy Transition. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55430XI-IATI-EBRD-53854European Bank for Reconstruction and DevelopmentA senior secured working capital revolving loan of up to EUR 30 million to Romania's Premier Energy SRL, to finance the increased value of gas contracts (inventory) caused by the gas price surge that was triggered by the war in Ukraine. The transaction is presented under the EBRD's Resilience and Livelihoods Framework, one of whose focus areas is energy security in Ukraine and affected countries. Financing of working capital needs of the company in order to ensure the uninterrupted provision of vital energy services ahead of the upcoming heating season.European Bank for Reconstruction and DevelopmentPREMIER ENERGY SRLEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUCHAREST44.43225 26.1062630000000PREMIER ENERGY SRLPRIVATEPRIVATEPRIVATEA senior secured working capital revolving loan of up to EUR 30 million to Romania's Premier Energy SRL, to finance the increased value of gas contracts (inventory) caused by the gas price surge that was triggered by the war in Ukraine. The transaction is presented under the EBRD's Resilience and Livelihoods Framework, one of whose focus areas is energy security in Ukraine and affected countries. Financing of working capital needs of the company in order to ensure the uninterrupted provision of vital energy services ahead of the upcoming heating season. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53854XI-IATI-EBRD-47398European Bank for Reconstruction and DevelopmentThe EBRD is supporting the project to modernise and upgrade the water and wastewater services in the city of Nurek in Tajikistan. The EBRD would provide a loan of up to USD 2.5 million to the Nurek Water Company, the municipal company owned by the municipality of Nurek. The Republic of Tajikistan would provide a sovereign guarantee. Nurek City, as owner of the Nurek Water Company, would sign a Project Support Agreement with the Bank. The EBRD will also seek an investment grant from an international donor of USD 2.5 million for this urgently needed water and wastewater infrastructure rehabilitation project. The overall objectives of this project are to: (a) rehabilitate the water supply and selected wastewater improvements; and (b) improve financial and operational management of the Nurek Water Company.European Bank for Reconstruction and DevelopmentWATER AND SEWAGE COMPANY OF THE CITY OF NORAKEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGNURAK40.35 67.42626280.31WATER AND SEWAGE COMPANY OF THE CITY OF NORAK26262.8WATER AND SEWAGE COMPANY OF THE CITY OF NORAK23636.52WATER AND SEWAGE COMPANY OF THE CITY OF NORAK15547.58WATER AND SEWAGE COMPANY OF THE CITY OF NORAK43333.63WATER AND SEWAGE COMPANY OF THE CITY OF NORAK43333.63WATER AND SEWAGE COMPANY OF THE CITY OF NORAK86667.25WATER AND SEWAGE COMPANY OF THE CITY OF NORAK65591.35WATER AND SEWAGE COMPANY OF THE CITY OF NORAK23321.37WATER AND SEWAGE COMPANY OF THE CITY OF NORAK62510.72WATER AND SEWAGE COMPANY OF THE CITY OF NORAK14596.15WATER AND SEWAGE COMPANY OF THE CITY OF NORAK25517.18WATER AND SEWAGE COMPANY OF THE CITY OF NORAK3348.51WATER AND SEWAGE COMPANY OF THE CITY OF NORAK6208.21WATER AND SEWAGE COMPANY OF THE CITY OF NORAK52324.02WATER AND SEWAGE COMPANY OF THE CITY OF NORAK124345.99WATER AND SEWAGE COMPANY OF THE CITY OF NORAK27828.36WATER AND SEWAGE COMPANY OF THE CITY OF NORAK21885.67WATER AND SEWAGE COMPANY OF THE CITY OF NORAK93001.81WATER AND SEWAGE COMPANY OF THE CITY OF NORAK19165.72WATER AND SEWAGE COMPANY OF THE CITY OF NORAK31572.41WATER AND SEWAGE COMPANY OF THE CITY OF NORAK6092.97WATER AND SEWAGE COMPANY OF THE CITY OF NORAK178030.65WATER AND SEWAGE COMPANY OF THE CITY OF NORAK46431.8WATER AND SEWAGE COMPANY OF THE CITY OF NORAK258913.27WATER AND SEWAGE COMPANY OF THE CITY OF NORAK21885.67WATER AND SEWAGE COMPANY OF THE CITY OF NORAK45821.26WATER AND SEWAGE COMPANY OF THE CITY OF NORAK47874.53WATER AND SEWAGE COMPANY OF THE CITY OF NORAK30596.7WATER AND SEWAGE COMPANY OF THE CITY OF NORAK58161.83WATER AND SEWAGE COMPANY OF THE CITY OF NORAK6408.12WATER AND SEWAGE COMPANY OF THE CITY OF NORAK63146.55WATER AND SEWAGE COMPANY OF THE CITY OF NORAK90089.29WATER AND SEWAGE COMPANY OF THE CITY OF NORAK73973.92WATER AND SEWAGE COMPANY OF THE CITY OF NORAK59213.05WATER AND SEWAGE COMPANY OF THE CITY OF NORAK31497.86WATER AND SEWAGE COMPANY OF THE CITY OF NORAK21885.67WATER AND SEWAGE COMPANY OF THE CITY OF NORAK21885.67WATER AND SEWAGE COMPANY OF THE CITY OF NORAK21885.67WATER AND SEWAGE COMPANY OF THE CITY OF NORAK21885.67WATER AND SEWAGE COMPANY OF THE CITY OF NORAK43771.34WATER AND SEWAGE COMPANY OF THE CITY OF NORAK96034.1WATER AND SEWAGE COMPANY OF THE CITY OF NORAK206869.59WATER AND SEWAGE COMPANY OF THE CITY OF NORAK27821.06WATER AND SEWAGE COMPANY OF THE CITY OF NORAK81697.61WATER AND SEWAGE COMPANY OF THE CITY OF NORAK27624.95WATER AND SEWAGE COMPANY OF THE CITY OF NORAK25076.57WATER AND SEWAGE COMPANY OF THE CITY OF NORAK46875.32WATER AND SEWAGE COMPANY OF THE CITY OF NORAK14006.83WATER AND SEWAGE COMPANY OF THE CITY OF NORAK22917.35WATER AND SEWAGE COMPANY OF THE CITY OF NORAK51072.4WATER AND SEWAGE COMPANY OF THE CITY OF NORAK66834.16WATER AND SEWAGE COMPANY OF THE CITY OF NORAKSTATESTATESTATESTATEThe EBRD is supporting the project to modernise and upgrade the water and wastewater services in the city of Nurek in Tajikistan. The EBRD would provide a loan of up to USD 2.5 million to the Nurek Water Company, the municipal company owned by the municipality of Nurek. The Republic of Tajikistan would provide a sovereign guarantee. Nurek City, as owner of the Nurek Water Company, would sign a Project Support Agreement with the Bank. The EBRD will also seek an investment grant from an international donor of USD 2.5 million for this urgently needed water and wastewater infrastructure rehabilitation project. The overall objectives of this project are to: (a) rehabilitate the water supply and selected wastewater improvements; and (b) improve financial and operational management of the Nurek Water Company. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47398XI-IATI-EBRD-55464European Bank for Reconstruction and DevelopmentProvision of a senior loan of up to EGP 616.9 million (ca. EUR 10.6 million) to Go Bus ("Go Bus" or the "Company") to support the acquisition of: (i) up to 30 new buses to operate as part of their inter-city transportation services, (ii) up to 6 electric micro-buses for shorter routes and up to 3 EVs operating intracity. The objective of the Project is to support Go Bus's operational expansion and fleet renewal through acquisition of modern buses for long-haul inter-city operation and electric vehicles ("EVs") for operation on shorter routes.European Bank for Reconstruction and DevelopmentGO BUS FOR LAND TRANSPORT SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.249677001744.3510970097.71GO BUS FOR LAND TRANSPORT SAEPRIVATEPRIVATEPRIVATEProvision of a senior loan of up to EGP 616.9 million (ca. EUR 10.6 million) to Go Bus ("Go Bus" or the "Company") to support the acquisition of: (i) up to 30 new buses to operate as part of their inter-city transportation services, (ii) up to 6 electric micro-buses for shorter routes and up to 3 EVs operating intracity. The objective of the Project is to support Go Bus's operational expansion and fleet renewal through acquisition of modern buses for long-haul inter-city operation and electric vehicles ("EVs") for operation on shorter routes. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55464XI-IATI-EBRD-56811European Bank for Reconstruction and DevelopmentProvision of an equity investment of USD 20 million to support an acquisition in Orchidia for Pharmaceutical Industries ("Orchidia" or the "Company"), alongside SPE Capital ("SPE") as lead investor, an Africa-focused private equity firm, Proparco, and the Belgian Investment Company for Developing Countries "BIO". SPE invests through its Private Equity Fund III ("PEF III") Fund (where the Bank is an LP) and leads value creation. EBRD's participation as a co-investor supports SPE Capital's acquisition of Orchidia and ultimately enables the implementation of the expansion plans, and the improvement of Orchidia's competitiveness and financial performance.European Bank for Reconstruction and DevelopmentOSIRIS PHARMAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496716867673.1OSIRIS PHARMAPRIVATEPRIVATEPRIVATEProvision of an equity investment of USD 20 million to support an acquisition in Orchidia for Pharmaceutical Industries ("Orchidia" or the "Company"), alongside SPE Capital ("SPE") as lead investor, an Africa-focused private equity firm, Proparco, and the Belgian Investment Company for Developing Countries "BIO". SPE invests through its Private Equity Fund III ("PEF III") Fund (where the Bank is an LP) and leads value creation. EBRD's participation as a co-investor supports SPE Capital's acquisition of Orchidia and ultimately enables the implementation of the expansion plans, and the improvement of Orchidia's competitiveness and financial performance. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56811XI-IATI-EBRD-55827European Bank for Reconstruction and DevelopmentThe provision of a 3-year senior loan of up to $12 million to Golomt Bank JSC ("GB") under the Central Asian Women in Business Programme ("CA WiB"). The operation will promote the competitiveness of the local economy and contribute to the financial inclusion of underserved female entrepreneurs.European Bank for Reconstruction and DevelopmentGOLOMT BANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGULAANBAATAR47.90771 106.883245252560.62GOLOMT BANK JSCPRIVATEPRIVATEPRIVATEThe provision of a 3-year senior loan of up to $12 million to Golomt Bank JSC ("GB") under the Central Asian Women in Business Programme ("CA WiB"). The operation will promote the competitiveness of the local economy and contribute to the financial inclusion of underserved female entrepreneurs. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55827XI-IATI-EBRD-51032European Bank for Reconstruction and DevelopmentProvision of a sovereign loan of up to USD 70 million (EUR 63 million) to the Republic of Uzbekistan for the benefit of Limited liability company Namangan Suv Ta'minoti, formerly known as State Unitary Enterprise Namangan Suvokova (the "Company") to finance the rehabilitation of water and wastewater infrastructure in the Namangan Region (the "Project"). The Project is expected to improve water quality and increase the efficiency of water and wastewater infrastructure.European Bank for Reconstruction and DevelopmentUZBEKISTAN SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.2162759354144.2861279873.94UZBEKISTAN SOVEREIGN612798.74UZBEKISTAN SOVEREIGN81505.55UZBEKISTAN SOVEREIGN270579.2UZBEKISTAN SOVEREIGN333799.88UZBEKISTAN SOVEREIGN178386.81UZBEKISTAN SOVEREIGN97054.87UZBEKISTAN SOVEREIGN127647.8UZBEKISTAN SOVEREIGN83840.72UZBEKISTAN SOVEREIGN140116.09UZBEKISTAN SOVEREIGNSTATESTATESTATESTATEProvision of a sovereign loan of up to USD 70 million (EUR 63 million) to the Republic of Uzbekistan for the benefit of Limited liability company Namangan Suv Ta'minoti, formerly known as State Unitary Enterprise Namangan Suvokova (the "Company") to finance the rehabilitation of water and wastewater infrastructure in the Namangan Region (the "Project"). The Project is expected to improve water quality and increase the efficiency of water and wastewater infrastructure. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51032XI-IATI-EBRD-53457European Bank for Reconstruction and DevelopmentThe provision of a senior loan in the amount of up to US$ 9 million (€ 8.01 million equivalent) funded by the EBRD and up to US$ 1 million (€ 0.89 million equivalent) concessional finance from the International Cooperation and Development Fund (TaiwanICDF) in favour of Joint-Stock Commercial Mortgage Bank "Ipoteka Bank" (the IB) under the Green Economy Financing Facility II i Uzbekistan ("GEFF II Uzbekistan") to support the Company's lending to eligible clients. The proceeds of the Bank's investment will be used for on-lending to eligible Sub-borrowers (businesses and individuals: women and men) implementing qualifying sub-projects in line with the technical and financial eligibility criteria set forth the GEFF II Uzbekistan Policy Statement. Within the scope of the loan, IB will build up its capacity to mainstream gender considerations into its green lending operations.European Bank for Reconstruction and DevelopmentIPOTEKA-BANK JSCMBEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.216277878840.93IPOTEKA-BANK JSCMBPRIVATEPRIVATEPRIVATEThe provision of a senior loan in the amount of up to US$ 9 million (€ 8.01 million equivalent) funded by the EBRD and up to US$ 1 million (€ 0.89 million equivalent) concessional finance from the International Cooperation and Development Fund (TaiwanICDF) in favour of Joint-Stock Commercial Mortgage Bank "Ipoteka Bank" (the IB) under the Green Economy Financing Facility II i Uzbekistan ("GEFF II Uzbekistan") to support the Company's lending to eligible clients. The proceeds of the Bank's investment will be used for on-lending to eligible Sub-borrowers (businesses and individuals: women and men) implementing qualifying sub-projects in line with the technical and financial eligibility criteria set forth the GEFF II Uzbekistan Policy Statement. Within the scope of the loan, IB will build up its capacity to mainstream gender considerations into its green lending operations. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53457XI-IATI-EBRD-55856European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to €4 million in two equal tranches under the Western Balkans GEFF III REpower Residential Programme ("WBGEFF III", the "Framework"). The second tranche will be uncommitted. The loan is intended to provide sub-loans to help finance investments in (i) high-performance energy efficiency technologies, materials and solutions undertaken in or in relation to privately owned residential dwellings or buildings, (ii) construction of GET-eligible High Energy Performance Residential Buildings and (iii) eligible Energy Efficiency and/or Renewable Energy projects in the Public Sector ("Sub-projects"), in a gender-responsive way. 100% of the use of proceeds will be related to Green Economy Transition ("GET") investments.European Bank for Reconstruction and DevelopmentNLB BANKA AD SKOPJEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.431414000000NLB BANKA AD SKOPJEPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to €4 million in two equal tranches under the Western Balkans GEFF III REpower Residential Programme ("WBGEFF III", the "Framework"). The second tranche will be uncommitted. The loan is intended to provide sub-loans to help finance investments in (i) high-performance energy efficiency technologies, materials and solutions undertaken in or in relation to privately owned residential dwellings or buildings, (ii) construction of GET-eligible High Energy Performance Residential Buildings and (iii) eligible Energy Efficiency and/or Renewable Energy projects in the Public Sector ("Sub-projects"), in a gender-responsive way. 100% of the use of proceeds will be related to Green Economy Transition ("GET") investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55856XI-IATI-EBRD-53922European Bank for Reconstruction and DevelopmentA senior unsecured loan up to EUR 3.0m (the "WiB Loan") in two tranches, first tranche of EUR 1m and second tranche of EUR 2m, for on-lending to women-led SMEs through the Western Balkans Women in Business Prpgramme Phase II (WBWiB II). The 2nd tranche is uncommitted and its commitment will be at EBRD's sole discretion. The project will contribute to women's economic inclusion by supporting women-led SMEs' access to finance and business advisory services.European Bank for Reconstruction and DevelopmentCRNOGORSKA KOMERCIJALNA BANKA AD PODGORICAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPODGORICA42.44111 19.263613000000CRNOGORSKA KOMERCIJALNA BANKA AD PODGORICAPRIVATEPRIVATEPRIVATEA senior unsecured loan up to EUR 3.0m (the "WiB Loan") in two tranches, first tranche of EUR 1m and second tranche of EUR 2m, for on-lending to women-led SMEs through the Western Balkans Women in Business Prpgramme Phase II (WBWiB II). The 2nd tranche is uncommitted and its commitment will be at EBRD's sole discretion. The project will contribute to women's economic inclusion by supporting women-led SMEs' access to finance and business advisory services. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53922XI-IATI-EBRD-53530European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to EUR 8m to be provided under the Go Digital Pilot in BiH programme (the "Programme"), with up to 3 years maturity, including 1 year of grace period. The Go Digital Programme aims to allocate EUR 40 million to SMEs in Bosnia and Herzegovina via partner banks and is supported with donor funds in the total amount of EUR 9m from the European Union. The Project supports the aim of the Programme to: (i) improve SMEs' access to finance in order to invest additional resources to introduce EU standards through the provision of financing and investment incentives; (ii) pilot an approach to supporting SMEs that invest in automation and digitalisation, (iii) support green economy transition technologies ("GET technologies"), by targeting a GET-eligible share of at least 60%; and (iv) increase the awareness and knowledge of SMEs in BiH through the Advice for Small Business ("ASB") services with a focus on automation and digitalisation projects.European Bank for Reconstruction and DevelopmentSPARKASSE BANK DDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.356448000000SPARKASSE BANK DDPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to EUR 8m to be provided under the Go Digital Pilot in BiH programme (the "Programme"), with up to 3 years maturity, including 1 year of grace period. The Go Digital Programme aims to allocate EUR 40 million to SMEs in Bosnia and Herzegovina via partner banks and is supported with donor funds in the total amount of EUR 9m from the European Union. The Project supports the aim of the Programme to: (i) improve SMEs' access to finance in order to invest additional resources to introduce EU standards through the provision of financing and investment incentives; (ii) pilot an approach to supporting SMEs that invest in automation and digitalisation, (iii) support green economy transition technologies ("GET technologies"), by targeting a GET-eligible share of at least 60%; and (iv) increase the awareness and knowledge of SMEs in BiH through the Advice for Small Business ("ASB") services with a focus on automation and digitalisation projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53530XI-IATI-EBRD-51605European Bank for Reconstruction and DevelopmentInstallation of energy efficiency ("EE") measures in up to 20 publicly-owned buildings (schools and hospitals) in order to achieve reduction of energy consumption and cost savings (the "Project"). The proposed measures include thermal insulation of external walls, thermal insulation of roofs, replacement of windows, installation of high-efficiency lighting and heating and ventilating upgrades including replacement of inefficient and/or coal fired boilers, cooling, ventilation and air conditioning. For each building selected for the Project, an energy manager will be hired and trained to monitor the energy performance of the refurbished buildings. The Project also includes further development of an integrated EE information system and EE database for monitoring energy consumption. Achievement of a higher standard of heating and cooling, and thus, providing better comfort to building users. The expected results include a reduction in energy consumption by 30-50 per cent and a reduction of CO2 emissions. Improvement of the EPC (Energy Performance Certificate) rating by at least two classes (e.g. from E to C). The Project is in line with EBRD Country Strategy for BiH 2017-2022 (BDSBH17-01(F)) which identified improving energy efficiency as one of the key objectives. The Project is consistent with the Bank's Municipal and Environmental ("MEI") Sector Strategy 2019-2024 (BDS19-069 (F)) which sets the improvement of energy efficiency in public building as one of the priorities. It is also fully in line with the Green Economy Transition ("GET") approach 2021-2025 (BDS20-082(F)).European Bank for Reconstruction and DevelopmentENVIRONMENTAL PROTECTION AND ENERGY EFFICIENCY FUND OF REPUBLIKA SRPSKAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBANJA LUKA44.77842 17.1938644550004500000ENVIRONMENTAL PROTECTION AND ENERGY EFFICIENCY FUND OF REPUBLIKA SRPSKA45000ENVIRONMENTAL PROTECTION AND ENERGY EFFICIENCY FUND OF REPUBLIKA SRPSKASTATESTATESTATESTATEInstallation of energy efficiency ("EE") measures in up to 20 publicly-owned buildings (schools and hospitals) in order to achieve reduction of energy consumption and cost savings (the "Project"). The proposed measures include thermal insulation of external walls, thermal insulation of roofs, replacement of windows, installation of high-efficiency lighting and heating and ventilating upgrades including replacement of inefficient and/or coal fired boilers, cooling, ventilation and air conditioning. For each building selected for the Project, an energy manager will be hired and trained to monitor the energy performance of the refurbished buildings. The Project also includes further development of an integrated EE information system and EE database for monitoring energy consumption. Achievement of a higher standard of heating and cooling, and thus, providing better comfort to building users. The expected results include a reduction in energy consumption by 30-50 per cent and a reduction of CO2 emissions. Improvement of the EPC (Energy Performance Certificate) rating by at least two classes (e.g. from E to C). The Project is in line with EBRD Country Strategy for BiH 2017-2022 (BDSBH17-01(F)) which identified improving energy efficiency as one of the key objectives. The Project is consistent with the Bank's Municipal and Environmental ("MEI") Sector Strategy 2019-2024 (BDS19-069 (F)) which sets the improvement of energy efficiency in public building as one of the priorities. It is also fully in line with the Green Economy Transition ("GET") approach 2021-2025 (BDS20-082(F)). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51605XI-IATI-EBRD-53468European Bank for Reconstruction and DevelopmentProvision of a sovereign loan in the amount of up to €98.75 million to the Republic of Albania for the benefit of Hekurudha Shqiptare ("Albanian Railways", "HSH" the "Company" or the "Client"), to finance the rehabilitation and electrification of the railway line between Vore and Hani i Hotit on the border with Montenegro, approximately 120 km in length (the "Project"). Albanian Railways is the railway operator of the Albanian railway system, which is fully owned by the state. The loan will be divided into two tranches: (i) Tranche A in the amount of up to EUR 84.5 million for the rehabilitation of the railway line between Vore and Hani i Hotit ("Tranche A"); and (ii) Tranche B in the amount of up to EUR 14.25 million to finance the electrification of the same railway line ("Tranche B"). The Project will be co-financed by the European Investment Bank ("EIB") and the European Union ("EU") through the Western Balkans Investment Framework ("WBIF") which has provided investment grants in the amount of up to EUR 125.8 million and technical assistance grants in the amount of up to EUR 12.1 million. These grants will support the rehabilitation of the railway line whereas additional grants are expected to be provided to support its electrification. 1. Promote Albania's connectivity and its economic development and regional integration as the Vore-Hani i Hotit railway line is part of the Western Balkans Core Network and an indicative extension of Trans European Transport Networks ("TEN-T") in the region. 2. Support development of a greener and more sustainable transport by promoting modal shift from road to rail in Albania.European Bank for Reconstruction and DevelopmentALBANIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTIRANA41.3275 19.818898365500084500000ALBANIA SOVEREIGN845000ALBANIA SOVEREIGNSTATESTATESTATESTATEProvision of a sovereign loan in the amount of up to €98.75 million to the Republic of Albania for the benefit of Hekurudha Shqiptare ("Albanian Railways", "HSH" the "Company" or the "Client"), to finance the rehabilitation and electrification of the railway line between Vore and Hani i Hotit on the border with Montenegro, approximately 120 km in length (the "Project"). Albanian Railways is the railway operator of the Albanian railway system, which is fully owned by the state. The loan will be divided into two tranches: (i) Tranche A in the amount of up to EUR 84.5 million for the rehabilitation of the railway line between Vore and Hani i Hotit ("Tranche A"); and (ii) Tranche B in the amount of up to EUR 14.25 million to finance the electrification of the same railway line ("Tranche B"). The Project will be co-financed by the European Investment Bank ("EIB") and the European Union ("EU") through the Western Balkans Investment Framework ("WBIF") which has provided investment grants in the amount of up to EUR 125.8 million and technical assistance grants in the amount of up to EUR 12.1 million. These grants will support the rehabilitation of the railway line whereas additional grants are expected to be provided to support its electrification. 1. Promote Albania's connectivity and its economic development and regional integration as the Vore-Hani i Hotit railway line is part of the Western Balkans Core Network and an indicative extension of Trans European Transport Networks ("TEN-T") in the region. 2. Support development of a greener and more sustainable transport by promoting modal shift from road to rail in Albania. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53468XI-IATI-EBRD-54524European Bank for Reconstruction and DevelopmentProvision of a tranched sovereign loan in the amount of up to €105 million to the Republic of Serbia ("RoS"), represented by the Ministry of Finance ("MoF") for the benefit of Novosadska Toplana Novi Sad (the "Company" or "Novi Sad DHC"), the district heating company of Novi Sad, 100 per cent owned by the City of Novi Sad (the "City"). The proceeds of the loan will be used to finance the construction of a large-scale solar-thermal plant in Novi Sad with 38,600 m2 of solar collector fields, a seasonal heat storage, heat pump and an eBoiler (the "Project"). The Project is part of the Green Cities Window 3 Framework ("GrCF3 W2 Framework") and is included in the Green City Action Plan ("GCAP") being developed by the City. Through the GCAP, the City identified and prioritised its most pressing environmental challenges with targeted investments and policy actions to address them. The Project will be implemented by the Company in coordination with the Ministry of Mining and Energy ("MoME") and the City. The Project is expected to be co-financed with an investment grant to be provided by the European Union ("EU") through the Western Balkans Investment Framework ("WBIF"). * Contribute to an efficient, reliable and environmentally-friendly heat supply for households, public institutions and businesses in the city of Novi Sad through the provision of base heat energy capacity to the district heating ("DH") network of Novi Sad from solar thermal technology. * Support Serbia's efforts to decarbonise its district heating sector.European Bank for Reconstruction and DevelopmentSERBIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.465138500000085000000SERBIA SOVEREIGNSTATESTATESTATESTATEProvision of a tranched sovereign loan in the amount of up to €105 million to the Republic of Serbia ("RoS"), represented by the Ministry of Finance ("MoF") for the benefit of Novosadska Toplana Novi Sad (the "Company" or "Novi Sad DHC"), the district heating company of Novi Sad, 100 per cent owned by the City of Novi Sad (the "City"). The proceeds of the loan will be used to finance the construction of a large-scale solar-thermal plant in Novi Sad with 38,600 m2 of solar collector fields, a seasonal heat storage, heat pump and an eBoiler (the "Project"). The Project is part of the Green Cities Window 3 Framework ("GrCF3 W2 Framework") and is included in the Green City Action Plan ("GCAP") being developed by the City. Through the GCAP, the City identified and prioritised its most pressing environmental challenges with targeted investments and policy actions to address them. The Project will be implemented by the Company in coordination with the Ministry of Mining and Energy ("MoME") and the City. The Project is expected to be co-financed with an investment grant to be provided by the European Union ("EU") through the Western Balkans Investment Framework ("WBIF"). * Contribute to an efficient, reliable and environmentally-friendly heat supply for households, public institutions and businesses in the city of Novi Sad through the provision of base heat energy capacity to the district heating ("DH") network of Novi Sad from solar thermal technology. * Support Serbia's efforts to decarbonise its district heating sector. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54524XI-IATI-EBRD-57109European Bank for Reconstruction and DevelopmentA loan of RON 300m (EUR 57m) in favour of Delgaz Grid SA ("Delgaz", or the "Borrower"), an electricity and gas distribution network operator in Romania. Delgaz, a distribution network operator ("DSO") of electricity and gas in the Northern half of Romania, is ultimately majority owned by E.ON SE, the German based multinational energy utilities group, with a minority stake owned by Allianz Infrastructure Luxembourg I S.A R.L, the Romanian Ministry of Energy and Allianz-Tiriac Asigurari S.A. The loan will finance part of the Borrower's 2026-2030 capital expenditures programme for its electricity distribution network, aiming at the modernisation and digitalisation of the network, including the expansion of smart meters installations.European Bank for Reconstruction and DevelopmentDELGAZ GRID SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTARGU MURES46.54245 24.5574757262344.5757262344.57DELGAZ GRID SAPRIVATEPRIVATEPRIVATEA loan of RON 300m (EUR 57m) in favour of Delgaz Grid SA ("Delgaz", or the "Borrower"), an electricity and gas distribution network operator in Romania. Delgaz, a distribution network operator ("DSO") of electricity and gas in the Northern half of Romania, is ultimately majority owned by E.ON SE, the German based multinational energy utilities group, with a minority stake owned by Allianz Infrastructure Luxembourg I S.A R.L, the Romanian Ministry of Energy and Allianz-Tiriac Asigurari S.A. The loan will finance part of the Borrower's 2026-2030 capital expenditures programme for its electricity distribution network, aiming at the modernisation and digitalisation of the network, including the expansion of smart meters installations. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57109XI-IATI-EBRD-55731European Bank for Reconstruction and DevelopmentPortfolio Risk Sharing ("PRS") in the form of an unfunded portfolio guarantee of up to €50 million provided by the Bank in favour of Banca Intesa Belgrade ("BIB"). The guarantee will cover up to 50% of the credit risk on a pro rata basis on the newly-generated micro, small and medium-sized entreprise ("MSME") loan portfolio of up to €100 million originated by BIB. The product aims to release BIB's risk-taking capacity to boost on-lending to MSMEs, addressing an MSME financing gap in the market.European Bank for Reconstruction and DevelopmentBANCA INTESA AD BEOGRADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.465135000000050000000BANCA INTESA AD BEOGRADPRIVATEPRIVATEPRIVATEPortfolio Risk Sharing ("PRS") in the form of an unfunded portfolio guarantee of up to €50 million provided by the Bank in favour of Banca Intesa Belgrade ("BIB"). The guarantee will cover up to 50% of the credit risk on a pro rata basis on the newly-generated micro, small and medium-sized entreprise ("MSME") loan portfolio of up to €100 million originated by BIB. The product aims to release BIB's risk-taking capacity to boost on-lending to MSMEs, addressing an MSME financing gap in the market. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55731XI-IATI-EBRD-55994European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan in the amount of up to €4 milion under the Green and Growth initiative ("G&G Initiative") to Sparkasse Bank AD Skopje. The proceeds of the loan will be used for on-lending to eligible companies in the South-west and Pelagonia regions of the Republic of North Macedonia for green and capex investments in accordance with the G&G Initiative Policy Statement. At least 75% of total proceeds will be used to finance Green Economy Transition ("GET") eligible investments.European Bank for Reconstruction and DevelopmentSPARKASSE BANK AD SKOPJEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.431412378287SPARKASSE BANK AD SKOPJEPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan in the amount of up to €4 milion under the Green and Growth initiative ("G&G Initiative") to Sparkasse Bank AD Skopje. The proceeds of the loan will be used for on-lending to eligible companies in the South-west and Pelagonia regions of the Republic of North Macedonia for green and capex investments in accordance with the G&G Initiative Policy Statement. At least 75% of total proceeds will be used to finance Green Economy Transition ("GET") eligible investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55994XI-IATI-EBRD-53837European Bank for Reconstruction and DevelopmentThe proceeds of the loan will be utilised for the expansion of CFFA's lending activities, which are expected to further support MSMEs in Albania. The Project is consistent with the Strategy for Albania (BDS/AL/19-01 (Rev 1)), in that "the Bank will enhance private sector competitiveness and inclusion through wider access to finance and skills including indirect financing and risk sharing through financial institutions".European Bank for Reconstruction and DevelopmentCRIMSON FINANCE FUND ALBANIA SHAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTIRANA41.3275 19.81889500000CRIMSON FINANCE FUND ALBANIA SHAPRIVATEPRIVATEPRIVATEThe proceeds of the loan will be utilised for the expansion of CFFA's lending activities, which are expected to further support MSMEs in Albania. The Project is consistent with the Strategy for Albania (BDS/AL/19-01 (Rev 1)), in that "the Bank will enhance private sector competitiveness and inclusion through wider access to finance and skills including indirect financing and risk sharing through financial institutions". For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53837XI-IATI-EBRD-56627European Bank for Reconstruction and DevelopmentProvision of up to €40 million long-term senior unsecured loan to ProCredit Bank AD Belgrade for on-lending to small and medium-sized enterprises ("SMEs") in Serbia. The loan is extended under the EBRD Financial Intermediaries Framework ("FIF"). The loan is intended to facilitate the expansion of lending to private businesses through working capital lines and investment loans, including to enterprises operating in economically less developed regions of the country. The bank will aim to allocate up to 30% of the proceeds to GET-eligible projects which are expected to come from investments in renewable energy and energy efficient projects.European Bank for Reconstruction and DevelopmentPROCREDIT BANK AD BELGRADEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651330000000PROCREDIT BANK AD BELGRADEPRIVATEPRIVATEPRIVATEProvision of up to €40 million long-term senior unsecured loan to ProCredit Bank AD Belgrade for on-lending to small and medium-sized enterprises ("SMEs") in Serbia. The loan is extended under the EBRD Financial Intermediaries Framework ("FIF"). The loan is intended to facilitate the expansion of lending to private businesses through working capital lines and investment loans, including to enterprises operating in economically less developed regions of the country. The bank will aim to allocate up to 30% of the proceeds to GET-eligible projects which are expected to come from investments in renewable energy and energy efficient projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56627XI-IATI-EBRD-53807European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 1.0 million to be provided in one single tranche under the Western Balkans Green Economy Financing Facility II ("WB GEFF II"). The facility will support investments in high-performance green technologies, materials and solutions undertaken in privately-owned residential dwellings or buildings. Sub-projects will be selected according to technical and financial eligibility criteria set forth in the Policy Statement for WB GEFF II. 100 per cent of the use of proceeds will be related to Green Economy Transition investments.European Bank for Reconstruction and DevelopmentMIKROKREDITNA FONDACIJA MI-BOSPO TUZLAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTUZLA44.53842 18.667091000000MIKROKREDITNA FONDACIJA MI-BOSPO TUZLAPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 1.0 million to be provided in one single tranche under the Western Balkans Green Economy Financing Facility II ("WB GEFF II"). The facility will support investments in high-performance green technologies, materials and solutions undertaken in privately-owned residential dwellings or buildings. Sub-projects will be selected according to technical and financial eligibility criteria set forth in the Policy Statement for WB GEFF II. 100 per cent of the use of proceeds will be related to Green Economy Transition investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53807XI-IATI-EBRD-55040European Bank for Reconstruction and DevelopmentA EUR 60 million senior unsecured loan to Procredit Bank Bulgaria ("PCBB"). 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 (GET) eligibility criteria.European Bank for Reconstruction and DevelopmentPROCREDIT BANK BULGARIA EADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSOFIA42.69751 23.3241530000000PROCREDIT BANK BULGARIA EADPRIVATEPRIVATEPRIVATEA EUR 60 million senior unsecured loan to Procredit Bank Bulgaria ("PCBB"). 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 (GET) eligibility criteria. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55040XI-IATI-EBRD-53504European Bank for Reconstruction and DevelopmentThe provision of a MAD 65.0 million senior unsecured loan to Plastikpack Maroc, a Moroccan manufacturer of plastic packaging. The financing will support the expansion of its current facilities, the acquisition of equipment for production of pharmaceutical packaging, the set-up of a greenfield facility for manufacturing of plastic pallets and crates made from recycled polypropylene, the construction of a new building, in accordance with Building Research Establishment Environmental Assessment Method (BREEAM) standards and a working capital increase. With the EBRD supported capital expenditure plan, the Borrower is looking to tap into high-growth market opportunities in Morocco, expanding its product portfolio into durable recyclable plastic packaging as well as packaging for pharmaceuticals.European Bank for Reconstruction and DevelopmentPLASTIKPACK MAROC SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSIDI BOU OTHMANE31.86667 7.716670.016063287.48PLASTIKPACK MAROC SAPRIVATEPRIVATEPRIVATEThe provision of a MAD 65.0 million senior unsecured loan to Plastikpack Maroc, a Moroccan manufacturer of plastic packaging. The financing will support the expansion of its current facilities, the acquisition of equipment for production of pharmaceutical packaging, the set-up of a greenfield facility for manufacturing of plastic pallets and crates made from recycled polypropylene, the construction of a new building, in accordance with Building Research Establishment Environmental Assessment Method (BREEAM) standards and a working capital increase. With the EBRD supported capital expenditure plan, the Borrower is looking to tap into high-growth market opportunities in Morocco, expanding its product portfolio into durable recyclable plastic packaging as well as packaging for pharmaceuticals. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53504XI-IATI-EBRD-46925European Bank for Reconstruction and DevelopmentThe EBRD is providing subordinated debt and equity to for the acquisition of the "Balkan Group", consisting of "Danube Foods Group BV" and "Clates Holding BV" that own majority stakes in three leading FMCG companies in Serbia [and other Western Balkan countries], being Imlek a.d.- the leading Serbian dairy producer, Bambi a.d. - the leading Serbian confectionary producer and Knjaz Milos a.d. - one of the major water and beverage producers in Serbia. The acquisition of Balkan Group is led by Mid Europa Partners (the "Sponsor"), a successful private equity firm focused in Central and Eastern Europe. The acquisition is expected to promote improved corporate governance, cost efficiencies and new product development, as well as further enhanced quality and environmental standards. Null ValueEuropean Bank for Reconstruction and DevelopmentADRIATIC CO-INVESTMENT LPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651320000000ADRIATIC CO-INVESTMENT LPPRIVATEPRIVATEPRIVATEThe EBRD is providing subordinated debt and equity to for the acquisition of the "Balkan Group", consisting of "Danube Foods Group BV" and "Clates Holding BV" that own majority stakes in three leading FMCG companies in Serbia [and other Western Balkan countries], being Imlek a.d.- the leading Serbian dairy producer, Bambi a.d. - the leading Serbian confectionary producer and Knjaz Milos a.d. - one of the major water and beverage producers in Serbia. The acquisition of Balkan Group is led by Mid Europa Partners (the "Sponsor"), a successful private equity firm focused in Central and Eastern Europe. The acquisition is expected to promote improved corporate governance, cost efficiencies and new product development, as well as further enhanced quality and environmental standards. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/46925XI-IATI-EBRD-53800European Bank for Reconstruction and DevelopmentProvision of a USD 40 million senior unsecured loan (the "Loan") to Angel Yeast Egypt (the "Company"), a fully-owned subsidiary of Angel Yeast Co. Ltd ("AY"). The loan will be used for the expansion of the Company's existing yeast production plant in the city of Beni Suef in Egypt, adding 20,000 tonnes of yeast production capacity. The Loan will be used to partially finance the extension and expansion of Angel Yeast Egypt's existing yeast production plant in the city of Beni Suef in Egypt: adding 20,000 tonnes of yeast production capacity, including 15,000 tonnes of dry yeast production capacity and 5,000 tonnes of yeast extract production capacity.European Bank for Reconstruction and DevelopmentANGEL YEAST EGYPT COMPANY LIMITEDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496717508535.41ANGEL YEAST EGYPT COMPANY LIMITEDPRIVATEPRIVATEPRIVATEProvision of a USD 40 million senior unsecured loan (the "Loan") to Angel Yeast Egypt (the "Company"), a fully-owned subsidiary of Angel Yeast Co. Ltd ("AY"). The loan will be used for the expansion of the Company's existing yeast production plant in the city of Beni Suef in Egypt, adding 20,000 tonnes of yeast production capacity. The Loan will be used to partially finance the extension and expansion of Angel Yeast Egypt's existing yeast production plant in the city of Beni Suef in Egypt: adding 20,000 tonnes of yeast production capacity, including 15,000 tonnes of dry yeast production capacity and 5,000 tonnes of yeast extract production capacity. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53800XI-IATI-EBRD-53815European Bank for Reconstruction and DevelopmentThe provision of an investment of up to MAD 400 million (€ 37m equivalent) in favour of the City of Agadir (the City or Agadir), one of the major cities of Morocco and the capital city of Souss Massa Region. The investment will entail the subscription to a local currency senior unsecured bond for up to MAD 1 billion (€ 93 million equivalent) through a private placement. The Bond proceeds will be used to finance the city's contribution to fund infrastructure projects under its 2020-2024 strategic investment plan also known as Urban Development Program (the PDU) and to refinance existing loans. The investment will contribute to the creation of Morocco's domestic municipal bond market with the issuance of the first municipal bond by a local authority in Morocco.European Bank for Reconstruction and DevelopmentCITY OF AGADIREuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGAGADIR30.42018 -9.5981537312538.31CITY OF AGADIR37312538.31CITY OF AGADIRSTATESTATESTATESTATEThe provision of an investment of up to MAD 400 million (€ 37m equivalent) in favour of the City of Agadir (the City or Agadir), one of the major cities of Morocco and the capital city of Souss Massa Region. The investment will entail the subscription to a local currency senior unsecured bond for up to MAD 1 billion (€ 93 million equivalent) through a private placement. The Bond proceeds will be used to finance the city's contribution to fund infrastructure projects under its 2020-2024 strategic investment plan also known as Urban Development Program (the PDU) and to refinance existing loans. The investment will contribute to the creation of Morocco's domestic municipal bond market with the issuance of the first municipal bond by a local authority in Morocco. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53815XI-IATI-EBRD-55479European Bank for Reconstruction and DevelopmentThe provision of a 3-year senior loan in the amount of up to US$ 30 million in KZT equivalent to Bank CenterCredit JSC ("BCC") under the Financial Intermediaries Framework ("FIF", OpId 47424). The financing will be used for on-lending to eligible private micro, small and medium enterprises (MSMEs) in Kazakhstan. The Project will support local currency lending to the MSME sector in Kazakhstan by providing term-financing to BCC, one of the largest lenders in the country. A special focus will be given to the distribution of funds in regions outside the cities of Astana and Almaty.European Bank for Reconstruction and DevelopmentBANK CENTERCREDIT JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGALMATY43.25667 76.9286126137923.17BANK CENTERCREDIT JSCPRIVATEPRIVATEPRIVATEThe provision of a 3-year senior loan in the amount of up to US$ 30 million in KZT equivalent to Bank CenterCredit JSC ("BCC") under the Financial Intermediaries Framework ("FIF", OpId 47424). The financing will be used for on-lending to eligible private micro, small and medium enterprises (MSMEs) in Kazakhstan. The Project will support local currency lending to the MSME sector in Kazakhstan by providing term-financing to BCC, one of the largest lenders in the country. A special focus will be given to the distribution of funds in regions outside the cities of Astana and Almaty. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55479XI-IATI-EBRD-54104European Bank for Reconstruction and DevelopmentThe EBRD invested EUR 7.9 million in a senior preferred bond issuance of EUR 39.5 million by Allianz Bank Bulgaria AD ("ABB"), a commercial bank incorporated in Bulgaria. The bond has a 4-year maturity, with a call option after the third year, and is expected to be listed on the Bulgarian Stock Exchange within 6 months after issuance. 150 percent of EBRD's investment in the bonds issued by ABB will be used for eligible projects in line with EBRD's Green Economy Transition ("GET") criteria. The project facilitates capital market development in Bulgaria, supports the resilience of ABB and helps to deliver the EBRD's green agenda in the country and national green economy priorities.European Bank for Reconstruction and DevelopmentALLIANZ BANK BULGARIA ADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSOFIA42.69751 23.3241516400000ALLIANZ BANK BULGARIA ADPRIVATEPRIVATEPRIVATEThe EBRD invested EUR 7.9 million in a senior preferred bond issuance of EUR 39.5 million by Allianz Bank Bulgaria AD ("ABB"), a commercial bank incorporated in Bulgaria. The bond has a 4-year maturity, with a call option after the third year, and is expected to be listed on the Bulgarian Stock Exchange within 6 months after issuance. 150 percent of EBRD's investment in the bonds issued by ABB will be used for eligible projects in line with EBRD's Green Economy Transition ("GET") criteria. The project facilitates capital market development in Bulgaria, supports the resilience of ABB and helps to deliver the EBRD's green agenda in the country and national green economy priorities. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54104XI-IATI-EBRD-53692European Bank for Reconstruction and DevelopmentUp to EUR 100m sovereign Guaranteed loan in favor of JSC Elektrani na Severna Makedonija ("ESM", "Borrower" or the "Company") to support the Company's liquidity needs in the midst of the energy crises affecting North Macedonia. The proposed loan addresses an emergency liquidity gap, by providing financial support to ESM and policy dialogue to the Energy Sector to address structural issues in the local energy market. It provides vital liquidity support to continue to endorse ESM's decarbonisation strategy following the successful commissioning of its first solar plant Oslomej ("Oslomej", DTM 50415) with a capacity of 10MW and the upcoming signing of an additional 30MW solar PV plant in Oslomej (10MW extension) and Bitola (20MW) (DTM 52320). Successful RES deployment will be key in helping the country meet its sustainability and energy security targets.European Bank for Reconstruction and DevelopmentPOWER PLANTS OF NORTH MACEDONIA JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.43141100000000POWER PLANTS OF NORTH MACEDONIA JSC1000000POWER PLANTS OF NORTH MACEDONIA JSC30000000POWER PLANTS OF NORTH MACEDONIA JSC18000000POWER PLANTS OF NORTH MACEDONIA JSC22000000POWER PLANTS OF NORTH MACEDONIA JSC15000000POWER PLANTS OF NORTH MACEDONIA JSC14000000POWER PLANTS OF NORTH MACEDONIA JSCSTATESTATESTATESTATEUp to EUR 100m sovereign Guaranteed loan in favor of JSC Elektrani na Severna Makedonija ("ESM", "Borrower" or the "Company") to support the Company's liquidity needs in the midst of the energy crises affecting North Macedonia. The proposed loan addresses an emergency liquidity gap, by providing financial support to ESM and policy dialogue to the Energy Sector to address structural issues in the local energy market. It provides vital liquidity support to continue to endorse ESM's decarbonisation strategy following the successful commissioning of its first solar plant Oslomej ("Oslomej", DTM 50415) with a capacity of 10MW and the upcoming signing of an additional 30MW solar PV plant in Oslomej (10MW extension) and Bitola (20MW) (DTM 52320). Successful RES deployment will be key in helping the country meet its sustainability and energy security targets. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53692XI-IATI-EBRD-47658European Bank for Reconstruction and DevelopmentThe EBRD transaction envisages a senior unsecured non-sovereign corporate loan of up to EUR 15 million, to be divided into two parallel tranches (i) the EBRD tranche of up to EUR 7.5 million and (ii) a concessional tranche of up to EUR 7.5 million provided by the Green Energy Special Fund (GESF), a Special Fund established and administrated by the Bank with the contribution of the Taiwanese International Cooperation and Development Fund (TaiwanICDF) to support EBRD projects related to investments in efficient (also known as "green") energy technologies. The proceeds of the loan will finance the reconstruction of medium and low-voltage networks and substations as well as installation of smart metering including automatic meter management system ('AMM').Total Project costs amount to EUR 15 million. The project will support ZP Elektrokrajina to reach its strategic objectives of a) reducing losses through the installation of new protected cables and substations as well as new meters with remote reading and disconnection features; b) improving collections by reducing receivables aging. These receivables are collected using legal procedures which are lengthy and time-consuming. With the introduction of smart meters the company will have better control of this; c) improving the quality of supply with the replacement of substations and the reconstruction of networks in the most populated areas.European Bank for Reconstruction and DevelopmentELEKTROKRAJINA AD BANJA LUKAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBANJA LUKA44.77842 17.19386483082.857500000ELEKTROKRAJINA AD BANJA LUKA1302958.18ELEKTROKRAJINA AD BANJA LUKA499250.01ELEKTROKRAJINA AD BANJA LUKA106984.05ELEKTROKRAJINA AD BANJA LUKA300642.03ELEKTROKRAJINA AD BANJA LUKA52172.5ELEKTROKRAJINA AD BANJA LUKA59574.6ELEKTROKRAJINA AD BANJA LUKA174207.9ELEKTROKRAJINA AD BANJA LUKA346689.79ELEKTROKRAJINA AD BANJA LUKA149614.99ELEKTROKRAJINA AD BANJA LUKA199070.64ELEKTROKRAJINA AD BANJA LUKA119469.42ELEKTROKRAJINA AD BANJA LUKA113176.41ELEKTROKRAJINA AD BANJA LUKA399039.26ELEKTROKRAJINA AD BANJA LUKA646934.13ELEKTROKRAJINA AD BANJA LUKA141447.44ELEKTROKRAJINA AD BANJA LUKA149908.57ELEKTROKRAJINA AD BANJA LUKA427094.58ELEKTROKRAJINA AD BANJA LUKA216956.55ELEKTROKRAJINA AD BANJA LUKA164799.32ELEKTROKRAJINA AD BANJA LUKA98803.55ELEKTROKRAJINA AD BANJA LUKA384286.62ELEKTROKRAJINA AD BANJA LUKA14471.11ELEKTROKRAJINA AD BANJA LUKA828828.64ELEKTROKRAJINA AD BANJA LUKA22162.99ELEKTROKRAJINA AD BANJA LUKA5529.37ELEKTROKRAJINA AD BANJA LUKA21885.36ELEKTROKRAJINA AD BANJA LUKA65381.04ELEKTROKRAJINA AD BANJA LUKA5578.1ELEKTROKRAJINA AD BANJA LUKASTATESTATESTATESTATEThe EBRD transaction envisages a senior unsecured non-sovereign corporate loan of up to EUR 15 million, to be divided into two parallel tranches (i) the EBRD tranche of up to EUR 7.5 million and (ii) a concessional tranche of up to EUR 7.5 million provided by the Green Energy Special Fund (GESF), a Special Fund established and administrated by the Bank with the contribution of the Taiwanese International Cooperation and Development Fund (TaiwanICDF) to support EBRD projects related to investments in efficient (also known as "green") energy technologies. The proceeds of the loan will finance the reconstruction of medium and low-voltage networks and substations as well as installation of smart metering including automatic meter management system ('AMM').Total Project costs amount to EUR 15 million. The project will support ZP Elektrokrajina to reach its strategic objectives of a) reducing losses through the installation of new protected cables and substations as well as new meters with remote reading and disconnection features; b) improving collections by reducing receivables aging. These receivables are collected using legal procedures which are lengthy and time-consuming. With the introduction of smart meters the company will have better control of this; c) improving the quality of supply with the replacement of substations and the reconstruction of networks in the most populated areas. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47658XI-IATI-EBRD-53623European Bank for Reconstruction and DevelopmentThe project involves provision of long-term loan by EBRD / ENEF II to Proex to support its: (i) roll-out of 6 new stores and renovation of 7 existing stores (including their sustainability improvements and certification) under Tranche 1; as well as (ii) construction and equipment of a new, modern logistics centre (including its sustainability certification and resulting improvement to inventory management / distribution) under subsequent Tranche 2. Null ValueEuropean Bank for Reconstruction and DevelopmentPROEX SHPKEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRISTINA42.67272 21.1668812000000PROEX SHPKPRIVATEPRIVATEPRIVATEThe project involves provision of long-term loan by EBRD / ENEF II to Proex to support its: (i) roll-out of 6 new stores and renovation of 7 existing stores (including their sustainability improvements and certification) under Tranche 1; as well as (ii) construction and equipment of a new, modern logistics centre (including its sustainability certification and resulting improvement to inventory management / distribution) under subsequent Tranche 2. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53623XI-IATI-EBRD-53233European Bank for Reconstruction and DevelopmentThe provision of a senior unsecured loan to Raiffeisen Leasing d.o.o. (RL) in Bosnia and Herzegovina of up to €15 million to be provided in two tranches of €8 million and €7 million. The proceeds of the loan will be used to provide lease finance for local small and medium-sized enterprises (SMEs) including the financing for green assets and contribute to the objectives of Financial Intermediaries Framework.European Bank for Reconstruction and DevelopmentRAIFFEISEN LEASING DOO SARAJEVOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.3564415000000RAIFFEISEN LEASING DOO SARAJEVOPRIVATEPRIVATEPRIVATEThe provision of a senior unsecured loan to Raiffeisen Leasing d.o.o. (RL) in Bosnia and Herzegovina of up to €15 million to be provided in two tranches of €8 million and €7 million. The proceeds of the loan will be used to provide lease finance for local small and medium-sized enterprises (SMEs) including the financing for green assets and contribute to the objectives of Financial Intermediaries Framework. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53233XI-IATI-EBRD-51783European Bank for Reconstruction and DevelopmentProvision of a senior unsecured long-term loan to Barry Callebaut South East Europe d.o.o. (the "Company") in the amount of up to EUR 82.3 million, consisting of EUR 52.3 million committed tranche and EUR 30 million uncommitted tranche. The loan will support the Company's investment in the development of the chocolate production plant and Chocolate Academy in Serbia, as well as future investments in Serbia.European Bank for Reconstruction and DevelopmentBARRY CALLEBAUT SOUTH EAST EUROPE DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651352300000BARRY CALLEBAUT SOUTH EAST EUROPE DOOPRIVATEPRIVATEPRIVATEProvision of a senior unsecured long-term loan to Barry Callebaut South East Europe d.o.o. (the "Company") in the amount of up to EUR 82.3 million, consisting of EUR 52.3 million committed tranche and EUR 30 million uncommitted tranche. The loan will support the Company's investment in the development of the chocolate production plant and Chocolate Academy in Serbia, as well as future investments in Serbia. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51783XI-IATI-EBRD-52821European Bank for Reconstruction and DevelopmentA provision of senior loan of up to EUR 252 million in KZT equivalent to JSC "Almaty Power Plants" (the "Company" or "APP") for comprehensive modernisation of the existing Combined Heat and Power Plant 2 ("CHP-2"), with full replacement of coal by natural gas as a primary fuel in order to reduce CO2 emissions and improve air quality in the Almaty city (the "Project"). The Almaty CHP-2 is the biggest source of heating in the largest city of Kazakhstan. The Project is a part of the Green Cities Program of EBRD in Almaty. The primary aim of the Project is to reduce CO2 emissions in the city by c. 3 million tons (down c. 56%) and fully avoid air emissions of particulate matter and NOx. The latter is particularly important given Almaty's statistics on pollution-related diseases - according to studies conducted by Kazakh National Medical University named after Asfendiyarov, 24% of adults and 57% of children in Almaty suffer from chronic pulmonary diseases (2013-2017 statistics), significantly above country averages and 2-3 times higher than in comparable urban areas of CIS. The Project will be implemented under the EPC Contract, with contractor to be selected following EBRD PP&R for public sector operations. The compliance of proposed technical design with Best Available Technologies (BAT) is an explicit condition in tender documentation. The EBRD loan will finance brownfield deep modernisation of 510 MW Combined Heat and Power Plant-2 in Almaty with conversion from coal to gas. The Project will have a significant immediate impact on air quality in Almaty. After modernisation, the Plant will be able to provide certain balancing capacity to the national grid and will facilitate faster implementation of renewable energy projects and back up development of renewable heating solutions, in line with Low Carbon Pathway for energy and heating sector. In addition to environmental impact, the Project will provide support for improved institutional-level capacity on gender and youth inclusion.European Bank for Reconstruction and DevelopmentALMATY ELECTRIC STATIONS JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGALMATY43.25667 76.9286165373636.08235281125.44ALMATY ELECTRIC STATIONS JSC38452528.24ALMATY ELECTRIC STATIONS JSC41493498.78ALMATY ELECTRIC STATIONS JSC54415617.03ALMATY ELECTRIC STATIONS JSC35545845.31ALMATY ELECTRIC STATIONS JSCSTATESTATESTATESTATEA provision of senior loan of up to EUR 252 million in KZT equivalent to JSC "Almaty Power Plants" (the "Company" or "APP") for comprehensive modernisation of the existing Combined Heat and Power Plant 2 ("CHP-2"), with full replacement of coal by natural gas as a primary fuel in order to reduce CO2 emissions and improve air quality in the Almaty city (the "Project"). The Almaty CHP-2 is the biggest source of heating in the largest city of Kazakhstan. The Project is a part of the Green Cities Program of EBRD in Almaty. The primary aim of the Project is to reduce CO2 emissions in the city by c. 3 million tons (down c. 56%) and fully avoid air emissions of particulate matter and NOx. The latter is particularly important given Almaty's statistics on pollution-related diseases - according to studies conducted by Kazakh National Medical University named after Asfendiyarov, 24% of adults and 57% of children in Almaty suffer from chronic pulmonary diseases (2013-2017 statistics), significantly above country averages and 2-3 times higher than in comparable urban areas of CIS. The Project will be implemented under the EPC Contract, with contractor to be selected following EBRD PP&R for public sector operations. The compliance of proposed technical design with Best Available Technologies (BAT) is an explicit condition in tender documentation. The EBRD loan will finance brownfield deep modernisation of 510 MW Combined Heat and Power Plant-2 in Almaty with conversion from coal to gas. The Project will have a significant immediate impact on air quality in Almaty. After modernisation, the Plant will be able to provide certain balancing capacity to the national grid and will facilitate faster implementation of renewable energy projects and back up development of renewable heating solutions, in line with Low Carbon Pathway for energy and heating sector. In addition to environmental impact, the Project will provide support for improved institutional-level capacity on gender and youth inclusion. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52821XI-IATI-EBRD-55431European Bank for Reconstruction and DevelopmentThe provision of a senior loan in the amount of up to US$ 10 million (in US dollar or Kazakhstan tenge equivalent to be determined at disbursement) to Microfinance Organisation KMF ("MFO KMF", "KMF") ("YiB Loan"). The loan will be provided under the Youth in Business Financing Programme for Central Asia ("YiBP CA", "Programme"), rolled into a blended finance programme under the Financial Intermediaries Framework ("FIF"). The aim of the loan is to (i) launch a new product encompassing both financing and non-financial services ("NFS") targeted at young entrepreneurs to increase their access to finance and skills in the economy; (ii) diversify KMF's funding base; and (iii) enhance KMF's product range via new digital sales channels.European Bank for Reconstruction and DevelopmentKMF BANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGALMATY43.25667 76.928618425236.12KMF BANK JSCPRIVATEPRIVATEPRIVATEThe provision of a senior loan in the amount of up to US$ 10 million (in US dollar or Kazakhstan tenge equivalent to be determined at disbursement) to Microfinance Organisation KMF ("MFO KMF", "KMF") ("YiB Loan"). The loan will be provided under the Youth in Business Financing Programme for Central Asia ("YiBP CA", "Programme"), rolled into a blended finance programme under the Financial Intermediaries Framework ("FIF"). The aim of the loan is to (i) launch a new product encompassing both financing and non-financial services ("NFS") targeted at young entrepreneurs to increase their access to finance and skills in the economy; (ii) diversify KMF's funding base; and (iii) enhance KMF's product range via new digital sales channels. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55431XI-IATI-EBRD-53669European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to USD 40 million to the National Bank of Kuwait S.A.E (NBKE) under the Financial Intermediaries Framework ("FIF"), to be on lent to eligible Micro small and medium enterprises ("MSMEs") The EBRD loan will support NBKE's lending activities and expand access to finance for the underserved MSME segment.European Bank for Reconstruction and DevelopmentNATIONAL BANK OF KUWAIT EGYPT NBK SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496735017070.82NATIONAL BANK OF KUWAIT EGYPT NBK SAEPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to USD 40 million to the National Bank of Kuwait S.A.E (NBKE) under the Financial Intermediaries Framework ("FIF"), to be on lent to eligible Micro small and medium enterprises ("MSMEs") The EBRD loan will support NBKE's lending activities and expand access to finance for the underserved MSME segment. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53669XI-IATI-EBRD-54200European Bank for Reconstruction and DevelopmentThe provision of a sovereign loan of up to €4 million to the Kyrgyz Republic to be on-lent to the city of Osh for the benefit of Municipal Enterprise "Oshgorvodokanal". The proceeds will finance the expansion of a wastewater treatment plant (WWTP) capacity in the city. The project is expected to be co-financed by a €4 million parallel loan from the European Investment Bank, a €1.3 million investment grant from the Green Climate Fund and (iii) up to €3 million investment grant from the European Union. The Project aims to unlock economic growth for the city, addressing environmental issues related to wastewater management by modernising and expanding the existing WWTP by an additional treatment capacity of 40,000 m3 per day. These enhancements will provide significant climate change adaptation benefits, enabling the discharge of high-quality treated effluent into a water-stressed region. Furthermore, the project contributes to climate change mitigation by reducing overall and specific GHG emissions.European Bank for Reconstruction and DevelopmentKYRGYZ REPUBLIC SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBISHKEK42.87 74.5940000004000000KYRGYZ REPUBLIC SOVEREIGNSTATESTATESTATESTATEThe provision of a sovereign loan of up to €4 million to the Kyrgyz Republic to be on-lent to the city of Osh for the benefit of Municipal Enterprise "Oshgorvodokanal". The proceeds will finance the expansion of a wastewater treatment plant (WWTP) capacity in the city. The project is expected to be co-financed by a €4 million parallel loan from the European Investment Bank, a €1.3 million investment grant from the Green Climate Fund and (iii) up to €3 million investment grant from the European Union. The Project aims to unlock economic growth for the city, addressing environmental issues related to wastewater management by modernising and expanding the existing WWTP by an additional treatment capacity of 40,000 m3 per day. These enhancements will provide significant climate change adaptation benefits, enabling the discharge of high-quality treated effluent into a water-stressed region. Furthermore, the project contributes to climate change mitigation by reducing overall and specific GHG emissions. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54200XI-IATI-EBRD-56258European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of USD 75 million to Housing Bank for Trade & Finance ("HBTF") to support lending to SMEs in Jordan. The loan is expected to be disbursed over three equal tranches. The term of the loan is 5 years with 2 years grace period. The EBRD loan will support HBTF's SME lending activities and expand access to finance for underserved SMEs in Jordan.European Bank for Reconstruction and DevelopmentHOUSING BANK FOR TRADE AND FINANCEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGAMMAN31.95522 35.9450343771338.52HOUSING BANK FOR TRADE AND FINANCEPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of USD 75 million to Housing Bank for Trade & Finance ("HBTF") to support lending to SMEs in Jordan. The loan is expected to be disbursed over three equal tranches. The term of the loan is 5 years with 2 years grace period. The EBRD loan will support HBTF's SME lending activities and expand access to finance for underserved SMEs in Jordan. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56258XI-IATI-EBRD-57141European Bank for Reconstruction and DevelopmentThe provision of a senior unsecured loan of up to US$ 50 million in US$ or MNT equivalent to Khan Bank JSC ("KB" or the "Company") ("WiB loan") under the Central Asia Women in Business II Programme under the Financial Intermediary Framework ("CA WiB II Programme"). The financing will be used for on-lending to eligible women-led and women-owned private micro, small and medium sized enterprises ("MSMEs") in Mongolia. The WiB loan will be provided in two tranches, Tranche A of up to US$ 20 million and an uncommitted Tranche B of up US$ 30 million. The project will strengthen the competitiveness of the local economy and support the financial inclusion of underserved female entrepreneurs in Mongolia.European Bank for Reconstruction and DevelopmentKHAN BANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGULAANBAATAR47.90771 106.8832417508535.4117508535.41KHAN BANK JSCPRIVATEPRIVATEPRIVATEThe provision of a senior unsecured loan of up to US$ 50 million in US$ or MNT equivalent to Khan Bank JSC ("KB" or the "Company") ("WiB loan") under the Central Asia Women in Business II Programme under the Financial Intermediary Framework ("CA WiB II Programme"). The financing will be used for on-lending to eligible women-led and women-owned private micro, small and medium sized enterprises ("MSMEs") in Mongolia. The WiB loan will be provided in two tranches, Tranche A of up to US$ 20 million and an uncommitted Tranche B of up US$ 30 million. The project will strengthen the competitiveness of the local economy and support the financial inclusion of underserved female entrepreneurs in Mongolia. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57141XI-IATI-EBRD-50702European Bank for Reconstruction and DevelopmentThe provision of a sovereign loan of up to US$ 20 million for financing the design and construction of around 712 low-carbon and climate-resilient housing units and associated infrastructure. It will be provided to eligible residents on rent and rent-to-own terms. The project is located in Ulaanbaatar and is being implemented by the City of Ulaanbaatar. The Project will address Ulaanbaatar's priority environmental challenges of poor air quality, water quality and climate change impact as identified by the Green City Action Plan (GCAP) approved by the city in December 2019. The Project will receive EDGE certification and will achieve 20 per cent better performance in the area of energy, water and materials compared to the national standards. It will also lead to significant climate resilience benefits through improved public health due to the reduced exposure to climate risks, as well as higher standards of inclusion and gender equality.European Bank for Reconstruction and DevelopmentMONGOLIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGULAANBAATAR47.90771 106.8832417245907.3817508535.41MONGOLIA SOVEREIGN262628.03MONGOLIA SOVEREIGNSTATESTATESTATESTATEThe provision of a sovereign loan of up to US$ 20 million for financing the design and construction of around 712 low-carbon and climate-resilient housing units and associated infrastructure. It will be provided to eligible residents on rent and rent-to-own terms. The project is located in Ulaanbaatar and is being implemented by the City of Ulaanbaatar. The Project will address Ulaanbaatar's priority environmental challenges of poor air quality, water quality and climate change impact as identified by the Green City Action Plan (GCAP) approved by the city in December 2019. The Project will receive EDGE certification and will achieve 20 per cent better performance in the area of energy, water and materials compared to the national standards. It will also lead to significant climate resilience benefits through improved public health due to the reduced exposure to climate risks, as well as higher standards of inclusion and gender equality. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50702XI-IATI-EBRD-48439European Bank for Reconstruction and DevelopmentA loan of up to USD 50 million to Maridive and Oil Services ("Maridive"), a joint stock company incorporated in the Arab Republic of Egypt. The Project will support the modernisation programme of the company's fleet via partially financing the purchase of one offshore support vessel, partial refinancing of its existing debt as well as supporting the company's working capital needs.European Bank for Reconstruction and DevelopmentMARIDIVE & OIL SERVICES SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPORT SAID31.25654 32.2841123232775.98MARIDIVE & OIL SERVICES SAEPRIVATEPRIVATEPRIVATEA loan of up to USD 50 million to Maridive and Oil Services ("Maridive"), a joint stock company incorporated in the Arab Republic of Egypt. The Project will support the modernisation programme of the company's fleet via partially financing the purchase of one offshore support vessel, partial refinancing of its existing debt as well as supporting the company's working capital needs. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48439XI-IATI-EBRD-52456European Bank for Reconstruction and DevelopmentA senior loan of up to EUR 7.7 million in local currency (RON 38 million) to the City of Medias to co-finance critical investments in the City's infrastructure alongside EU grants under the relevant EU Regional Operational Programme for 2014-2020. The loan proceeds will fund the implementation of energy efficiency measures in four public buildings and in urban roads (including bridges), as well as help modernise, rehabilitate and extend the City's electric public transport infrastructure. The Project is designed to promote energy savings and to reduce of CO2 emissions in public buildings and to improve urban mobility. This will be achieved through energy-efficient rehabilitation of a pool of public buildings (schools, multi-functional and educational centre and social i medical centre) that includes insulation, LED lighting to replace incandescent bulbs, improved utility connection (water, sewerage, electricity, gas), indoor rehabilitation of electrical, plumbing, heating and ventilation installations and other works. In addition, the Project will improve the City's trolleybus network by acquiring three trolleybuses, improving facilities at bus stops, improving the e-ticketing system and rehabilitating the City's electric transport infrastructure. The City's priority investment programme also includes rehabilitation of several local city streets (including provision of LED lighting and safe pedestrian sidewalks and modernisation of underlying utility networks for sewerage).European Bank for Reconstruction and DevelopmentCITY OF MEDIASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGMEDIAS46.16667 24.357253230.31CITY OF MEDIAS248136.83CITY OF MEDIAS477186.2CITY OF MEDIAS1736957.79CITY OF MEDIAS572623.45CITY OF MEDIAS858935.17CITY OF MEDIAS1336121.37CITY OF MEDIAS1201249.46CITY OF MEDIAS447092.93CITY OF MEDIAS374927.11CITY OF MEDIASSTATESTATESTATESTATEA senior loan of up to EUR 7.7 million in local currency (RON 38 million) to the City of Medias to co-finance critical investments in the City's infrastructure alongside EU grants under the relevant EU Regional Operational Programme for 2014-2020. The loan proceeds will fund the implementation of energy efficiency measures in four public buildings and in urban roads (including bridges), as well as help modernise, rehabilitate and extend the City's electric public transport infrastructure. The Project is designed to promote energy savings and to reduce of CO2 emissions in public buildings and to improve urban mobility. This will be achieved through energy-efficient rehabilitation of a pool of public buildings (schools, multi-functional and educational centre and social i medical centre) that includes insulation, LED lighting to replace incandescent bulbs, improved utility connection (water, sewerage, electricity, gas), indoor rehabilitation of electrical, plumbing, heating and ventilation installations and other works. In addition, the Project will improve the City's trolleybus network by acquiring three trolleybuses, improving facilities at bus stops, improving the e-ticketing system and rehabilitating the City's electric transport infrastructure. The City's priority investment programme also includes rehabilitation of several local city streets (including provision of LED lighting and safe pedestrian sidewalks and modernisation of underlying utility networks for sewerage). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52456XI-IATI-EBRD-50451European Bank for Reconstruction and DevelopmentProvision of a senior long-term loan to finance the construction of a 32.4MW KITKA wind farm located in the Kamenica Municipality in Eastern Kosovo (the "Project"), the first wind farm in the country. The project will be implemented by Air Energy SH.P.K., a special purpose vehicle established for the purpose of the project and fully-owned by Guris Insaat ve Muhendislik A.S, a company which is part of the Turkish engineering and construction conglomerate Guris Group. The project will contribute to climate mitigation by increasing the share of renewable energy generation in Kosovo and add 32.4 MW of wind generation capacity to the national energy system. The project will be the first wind farm in Kosovo, which is otherwise largely reliant on coal-fired power generation.European Bank for Reconstruction and DevelopmentAIR ENERGY SHPKEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGGJILAN42.46045 21.4698618000000AIR ENERGY SHPKPRIVATEPRIVATEPRIVATEProvision of a senior long-term loan to finance the construction of a 32.4MW KITKA wind farm located in the Kamenica Municipality in Eastern Kosovo (the "Project"), the first wind farm in the country. The project will be implemented by Air Energy SH.P.K., a special purpose vehicle established for the purpose of the project and fully-owned by Guris Insaat ve Muhendislik A.S, a company which is part of the Turkish engineering and construction conglomerate Guris Group. The project will contribute to climate mitigation by increasing the share of renewable energy generation in Kosovo and add 32.4 MW of wind generation capacity to the national energy system. The project will be the first wind farm in Kosovo, which is otherwise largely reliant on coal-fired power generation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50451XI-IATI-EBRD-56855European Bank for Reconstruction and DevelopmentAn investment of up to RSD 1.2 billion (equivalent to €10 million) in Minimum Requirement for Own Funds and Eligible Liabilities (MREL)-eligible local currency bonds issued by UniCredit Bank Serbia (UCB) to be listed on the Belgrade Stock Exchange (BSE). The bonds will be contractually eligible against UCB's MREL for bail-in-able funding and have a maturity of 4 years with a non-callable period of 3 years. The project supports resilience of a local bank by helping UCB build diversified funding base for the minimum requirement for own funds and eligible liabilities and reinforces local capital market development and dinarisation in Serbia by Bank's participation in bonds issued by UCB in local currency. The project contributes to the expansion of lending to private businesses through working capital lines and investment loans to SMEs, including enterprises operating in economically less developed regions of the country. Furthermore, the transaction supports UCB's growth strategy and provides a source of medium term local currency funding. The bank will aim to allocate up to 30% the EBRD investment amount to Green Economy Transition (GET) eligible projects.European Bank for Reconstruction and DevelopmentUNICREDIT BANK SERBIA JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651310223962.28UNICREDIT BANK SERBIA JSCPRIVATEPRIVATEPRIVATEAn investment of up to RSD 1.2 billion (equivalent to €10 million) in Minimum Requirement for Own Funds and Eligible Liabilities (MREL)-eligible local currency bonds issued by UniCredit Bank Serbia (UCB) to be listed on the Belgrade Stock Exchange (BSE). The bonds will be contractually eligible against UCB's MREL for bail-in-able funding and have a maturity of 4 years with a non-callable period of 3 years. The project supports resilience of a local bank by helping UCB build diversified funding base for the minimum requirement for own funds and eligible liabilities and reinforces local capital market development and dinarisation in Serbia by Bank's participation in bonds issued by UCB in local currency. The project contributes to the expansion of lending to private businesses through working capital lines and investment loans to SMEs, including enterprises operating in economically less developed regions of the country. Furthermore, the transaction supports UCB's growth strategy and provides a source of medium term local currency funding. The bank will aim to allocate up to 30% the EBRD investment amount to Green Economy Transition (GET) eligible projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56855XI-IATI-EBRD-51038European Bank for Reconstruction and DevelopmentConstruction and operation of a 6MWp ground-mounted solar PV power plant located at a dairy farm owned by Dina Farms SAE (Dina Farms) in the Beheira governorate (the project). The project will sell 100% of its electrical output to Dina Farms under a 25-year Power Purchase Agreement between Dina Farms and TAQA PV for Solar Energy SAE (TAQA PV). The project supports the efforts to scale up renewable energy penetration in Egypt's energy mix and liberalisation of the electricity sector by expanding the private-to private renewable energy segment.European Bank for Reconstruction and DevelopmentTAQA PV FOR SOLAR ENERGY SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.249677563687.29TAQA PV FOR SOLAR ENERGY SAEPRIVATEPRIVATEPRIVATEConstruction and operation of a 6MWp ground-mounted solar PV power plant located at a dairy farm owned by Dina Farms SAE (Dina Farms) in the Beheira governorate (the project). The project will sell 100% of its electrical output to Dina Farms under a 25-year Power Purchase Agreement between Dina Farms and TAQA PV for Solar Energy SAE (TAQA PV). The project supports the efforts to scale up renewable energy penetration in Egypt's energy mix and liberalisation of the electricity sector by expanding the private-to private renewable energy segment. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51038XI-IATI-EBRD-47809European Bank for Reconstruction and DevelopmentThe EBRD is providing a loan of up to €4.5 million to finance expansion of the water supply as well as repair of the existing network in the Visoko Municipality. The Municipality is located in the central part of Bosnia, about 30 kilometres north of the Capital Sarajevo. According to the preliminary results of the census held in October 2013 some 41,500 people lived in the 13,000 households in the Municipality. The Project will target (a) expansion of the water supply network which will enable connection of new consumers and at the same time, though provision of running water, improve the living standards of the population in the municipality and (b) reduced water losses, improved resilience to climate change and improved quality of supply to existing customers through repairs of the existing network.European Bank for Reconstruction and DevelopmentBOSNIA AND HERZEGOVINA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.356441240.194500000BOSNIA AND HERZEGOVINA SOVEREIGN45000BOSNIA AND HERZEGOVINA SOVEREIGN581570.46BOSNIA AND HERZEGOVINA SOVEREIGN354626.57BOSNIA AND HERZEGOVINA SOVEREIGN325432.29BOSNIA AND HERZEGOVINA SOVEREIGN289728.13BOSNIA AND HERZEGOVINA SOVEREIGN312218.55BOSNIA AND HERZEGOVINA SOVEREIGN117213.84BOSNIA AND HERZEGOVINA SOVEREIGN98797.99BOSNIA AND HERZEGOVINA SOVEREIGN102106.03BOSNIA AND HERZEGOVINA SOVEREIGN274156.48BOSNIA AND HERZEGOVINA SOVEREIGN215853.67BOSNIA AND HERZEGOVINA SOVEREIGN117801.88BOSNIA AND HERZEGOVINA SOVEREIGN135707.56BOSNIA AND HERZEGOVINA SOVEREIGN241983.98BOSNIA AND HERZEGOVINA SOVEREIGN58037.76BOSNIA AND HERZEGOVINA SOVEREIGN636566.8BOSNIA AND HERZEGOVINA SOVEREIGN191618.34BOSNIA AND HERZEGOVINA SOVEREIGN142187.46BOSNIA AND HERZEGOVINA SOVEREIGN171827.27BOSNIA AND HERZEGOVINA SOVEREIGN86324.75BOSNIA AND HERZEGOVINA SOVEREIGNSTATESTATESTATESTATEThe EBRD is providing a loan of up to €4.5 million to finance expansion of the water supply as well as repair of the existing network in the Visoko Municipality. The Municipality is located in the central part of Bosnia, about 30 kilometres north of the Capital Sarajevo. According to the preliminary results of the census held in October 2013 some 41,500 people lived in the 13,000 households in the Municipality. The Project will target (a) expansion of the water supply network which will enable connection of new consumers and at the same time, though provision of running water, improve the living standards of the population in the municipality and (b) reduced water losses, improved resilience to climate change and improved quality of supply to existing customers through repairs of the existing network. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47809XI-IATI-EBRD-54422European Bank for Reconstruction and DevelopmentAn equity investment of up to EUR 10 million in favour of GapMinder Fund II (the "Fund"). The Fund will primarily make equity and quasi-equity investment in early stage technology driven companies, predominantly in Romania but also in Bulgaria, Croatia, Moldova, Serbia and Slovenia (collectively the target "Region").European Bank for Reconstruction and DevelopmentGAPMINDER FUND II COOPERATIEF UAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSOFIA42.69751 23.32415ZAGREB45.81444 15.97798CHISINAU47.00556 28.8575BUCHAREST44.43225 26.10626BELGRADE44.80401 20.46513LJUBLJANA46.05108 14.505138132616.910000000GAPMINDER FUND II COOPERATIEF UAPRIVATEPRIVATEPRIVATEAn equity investment of up to EUR 10 million in favour of GapMinder Fund II (the "Fund"). The Fund will primarily make equity and quasi-equity investment in early stage technology driven companies, predominantly in Romania but also in Bulgaria, Croatia, Moldova, Serbia and Slovenia (collectively the target "Region"). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54422XI-IATI-EBRD-56194European Bank for Reconstruction and DevelopmentThe proposed transaction is an equity commitment of up to €25 million in favour of Provectus SEE Fund II (the "Fund"). The Fund will make equity and equity related investments in SMEs primarily in Croatia, Slovenia, Romania and Bulgaria, and to a lesser extent Albania, Bosnia and Herzegovina, Greece, Hungary, Kosovo, Montenegro, North Macedonia and Serbia (collectively the "Region"), with the objective of generating long-term capital appreciation.European Bank for Reconstruction and DevelopmentPCP SEE FUND II SCSPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTIRANA41.3275 19.81889SARAJEVO43.84864 18.35644SOFIA42.69751 23.32415ATHENS37.98376 23.72784ZAGREB45.81444 15.97798BUDAPEST47.49835 19.04045PRISTINA42.67272 21.16688PODGORICA42.44111 19.26361SKOPJE41.99646 21.43141BUCHAREST44.43225 26.10626BELGRADE44.80401 20.46513LJUBLJANA46.05108 14.5051323875109.325000000PCP SEE FUND II SCSPPRIVATEPRIVATEPRIVATEThe proposed transaction is an equity commitment of up to €25 million in favour of Provectus SEE Fund II (the "Fund"). The Fund will make equity and equity related investments in SMEs primarily in Croatia, Slovenia, Romania and Bulgaria, and to a lesser extent Albania, Bosnia and Herzegovina, Greece, Hungary, Kosovo, Montenegro, North Macedonia and Serbia (collectively the "Region"), with the objective of generating long-term capital appreciation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56194XI-IATI-EBRD-54734European Bank for Reconstruction and DevelopmentAn uncapped unfunded portfolio guarantee in the amount of up to EUR 80 million, to be provided by the EBRD as an InvestEU implementing partner to Zagrebacka banka d.d. ("ZABA"), as an eligible partner financial intermediary ("PFI") in Croatia under the InvestEU Green Uncapped Portfolio Guarantee Framework (the "Framework"). The guarantee will cover a newly generated portfolio of loans financing eligible green projects related to buildings or sustainable transport. The Project benefits from partial first loss risk cover from the European Union under the InvestEU Fund. The Project aims to further support the Bank's green agenda in Croatia and the green economy priorities, specifically in national building stock renovation and sustainable transport. As such, the Project will bridge the funding gap in sustainable energy investments in Croatia, support the resilience of a systemic bank and expand its green lending capacity.European Bank for Reconstruction and DevelopmentZAGREBACKA BANKA DDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGZAGREB45.81444 15.977988000000080000000ZAGREBACKA BANKA DDPRIVATEPRIVATEPRIVATEAn uncapped unfunded portfolio guarantee in the amount of up to EUR 80 million, to be provided by the EBRD as an InvestEU implementing partner to Zagrebacka banka d.d. ("ZABA"), as an eligible partner financial intermediary ("PFI") in Croatia under the InvestEU Green Uncapped Portfolio Guarantee Framework (the "Framework"). The guarantee will cover a newly generated portfolio of loans financing eligible green projects related to buildings or sustainable transport. The Project benefits from partial first loss risk cover from the European Union under the InvestEU Fund. The Project aims to further support the Bank's green agenda in Croatia and the green economy priorities, specifically in national building stock renovation and sustainable transport. As such, the Project will bridge the funding gap in sustainable energy investments in Croatia, support the resilience of a systemic bank and expand its green lending capacity. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54734XI-IATI-EBRD-53243European Bank for Reconstruction and DevelopmentInitial project signed on 22 December 2021 included the provision of up to four-year senior unsecured loan of up to EUR 5 million to MAIB under the SME Competitiveness Programme in the Eastern Partnership for on-lending to eligible micro, small and medium enterprises (MSMEs) with disbursements available in EUR or optionally in LCY. In addition to long-term financing, eligible sub-borrowers will receive technical assistance funded by the European Union and grant support in the form of investment incentives upon the completion of their investment projects. The amount of the facility is subsequently increased in 2022 by additional EUR 15 million in two tranches of EUR 10 million and EUR 5 million, other conditions remaining unchanged. The SME Competitiveness Programme in the Eastern Partnership is a follow-on facility of the existing FI DCFTA Blended Finance Programme (DCFTA), designed for Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine to support upgrades in micro, small and medium-sized enterprises (MSME) to European Union (EU) standards. The proposed project will enable MAIB to extend loans for investment purposes to local MSMEs, financing upgrades of technology and equipment necessary to meet EU standards in terms of product quality, health and safety measures and environmental preservation and thus will help businesses to become greener and more competitive. At least 70 per cent of all financed sub-loans are expected to be compliant with EBRD Green Economy Transition (GET) approach.European Bank for Reconstruction and DevelopmentBC MAIB SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCHISINAU47.00556 28.857520000000BC MAIB SAPRIVATEPRIVATEPRIVATEInitial project signed on 22 December 2021 included the provision of up to four-year senior unsecured loan of up to EUR 5 million to MAIB under the SME Competitiveness Programme in the Eastern Partnership for on-lending to eligible micro, small and medium enterprises (MSMEs) with disbursements available in EUR or optionally in LCY. In addition to long-term financing, eligible sub-borrowers will receive technical assistance funded by the European Union and grant support in the form of investment incentives upon the completion of their investment projects. The amount of the facility is subsequently increased in 2022 by additional EUR 15 million in two tranches of EUR 10 million and EUR 5 million, other conditions remaining unchanged. The SME Competitiveness Programme in the Eastern Partnership is a follow-on facility of the existing FI DCFTA Blended Finance Programme (DCFTA), designed for Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine to support upgrades in micro, small and medium-sized enterprises (MSME) to European Union (EU) standards. The proposed project will enable MAIB to extend loans for investment purposes to local MSMEs, financing upgrades of technology and equipment necessary to meet EU standards in terms of product quality, health and safety measures and environmental preservation and thus will help businesses to become greener and more competitive. At least 70 per cent of all financed sub-loans are expected to be compliant with EBRD Green Economy Transition (GET) approach. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53243XI-IATI-EBRD-48345European Bank for Reconstruction and DevelopmentThe Slovak Government has recently undertaken to construct two new sections of the D4 Highway, forming part of the Trans-European Transport Network (TEN-T), and three new sections of the R7 Expressway to ease access to Bratislava, the Slovak capital, improving a key road corridor. The Project is being procured under a Public Private Partnership model, whereby the Slovak Government is planning to sign a Concession Agreement with a privately owned Concessionaire, which will have the responsibility to finance, construct, operate and maintain the Project roads. EBRD is planning to be a part of Lenders group to provide long term financing for the Concessionaire. The key objectives of the Project are to reduce traffic congestion in the Slovak capital, Bratislava, speed up access to motorway networks (D4, D1, D2) and partially reduce traffic on the road network in the catchment areas of Bratislava. The Project also includes sections of the R7 expressway, whose construction is expected to add to the radial roads to relieve the drive-through sections of the existing radial roads in highly urbanized areas, diversifying the available routes for traffic to and from Austria and Hungary.European Bank for Reconstruction and DevelopmentZERO BYPASS LTDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBRATISLAVA48.14816 17.106744088014.01148427539ZERO BYPASS LTDPRIVATEPRIVATEPRIVATEThe Slovak Government has recently undertaken to construct two new sections of the D4 Highway, forming part of the Trans-European Transport Network (TEN-T), and three new sections of the R7 Expressway to ease access to Bratislava, the Slovak capital, improving a key road corridor. The Project is being procured under a Public Private Partnership model, whereby the Slovak Government is planning to sign a Concession Agreement with a privately owned Concessionaire, which will have the responsibility to finance, construct, operate and maintain the Project roads. EBRD is planning to be a part of Lenders group to provide long term financing for the Concessionaire. The key objectives of the Project are to reduce traffic congestion in the Slovak capital, Bratislava, speed up access to motorway networks (D4, D1, D2) and partially reduce traffic on the road network in the catchment areas of Bratislava. The Project also includes sections of the R7 expressway, whose construction is expected to add to the radial roads to relieve the drive-through sections of the existing radial roads in highly urbanized areas, diversifying the available routes for traffic to and from Austria and Hungary. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48345XI-IATI-EBRD-53090European Bank for Reconstruction and DevelopmentA senior loan of up to EUR 150 million in favour of DCT Gdansk Sp. z o.o. ("DCT" or the "Company") and its 100% holding Baltic Hub Sp. z o.o. ("HoldCo"), both incorporated in Poland. EBRD loan will be part of a wider debt package of up to EUR 863.5 million provided jointly with commercial banks to i) refinance the Company's existing debt, ii) capex for construction of Terminal 3, and iii) provide working capital for the Company. EBRD's loan will be focused on capex facility and will contribute to funding construction of Terminal 3, upgrade and renewal of the equipment on Terminals 1 and 2 and additional yard development within the Port of Gdansk. The Project is anticipated to add 1.47 million TEUs of capacity allowing the Company to meet growing demand. The project will also incorporate latest energy efficient technical solutions.European Bank for Reconstruction and DevelopmentBALTIC HUB CONTAINER TERMINAL SP ZOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGGDANSK54.35205 18.6463714380341.89100000000BALTIC HUB CONTAINER TERMINAL SP ZOOPRIVATEPRIVATEPRIVATEA senior loan of up to EUR 150 million in favour of DCT Gdansk Sp. z o.o. ("DCT" or the "Company") and its 100% holding Baltic Hub Sp. z o.o. ("HoldCo"), both incorporated in Poland. EBRD loan will be part of a wider debt package of up to EUR 863.5 million provided jointly with commercial banks to i) refinance the Company's existing debt, ii) capex for construction of Terminal 3, and iii) provide working capital for the Company. EBRD's loan will be focused on capex facility and will contribute to funding construction of Terminal 3, upgrade and renewal of the equipment on Terminals 1 and 2 and additional yard development within the Port of Gdansk. The Project is anticipated to add 1.47 million TEUs of capacity allowing the Company to meet growing demand. The project will also incorporate latest energy efficient technical solutions. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53090XI-IATI-EBRD-52822European Bank for Reconstruction and DevelopmentSubscription of up to EUR 32 million in green bonds issued by AS Augstsprieguma Tikli (AST), a Latvian energy utility company (the "company"), under a EUR 160 million green bond programme. The bonds are to be listed on the Nasdaq Riga exchange. The proceeds from the green bond issuance programme will be used to refinance existing loans associated with the unbundling of transmission assets in Latvia in line with EU regulations. AST will also use the proceeds to finance part of the capital expenditures represented by reconstruction and upgrades of existing transmission assets to enable large-scale integration of renewables into the Latvian power system and synchronise the Baltic electricity network with that of continental Europe.European Bank for Reconstruction and DevelopmentAUGSTSPRIEGUMA TIKLS ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGRIGA56.946 24.1058932000000AUGSTSPRIEGUMA TIKLS AS14200000AUGSTSPRIEGUMA TIKLS ASSTATESTATESTATESTATESubscription of up to EUR 32 million in green bonds issued by AS Augstsprieguma Tikli (AST), a Latvian energy utility company (the "company"), under a EUR 160 million green bond programme. The bonds are to be listed on the Nasdaq Riga exchange. The proceeds from the green bond issuance programme will be used to refinance existing loans associated with the unbundling of transmission assets in Latvia in line with EU regulations. AST will also use the proceeds to finance part of the capital expenditures represented by reconstruction and upgrades of existing transmission assets to enable large-scale integration of renewables into the Latvian power system and synchronise the Baltic electricity network with that of continental Europe. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52822XI-IATI-EBRD-54513European Bank for Reconstruction and DevelopmentProvision of up to EUR 100 million senior loan to German retail chain Schwarz Group (Schwarz, or the Group). The proceeds of the loan will be used to support expansion of Lidl format stores in Latvia and Estonia. The proceeds of the loan will be used to support 2023-2025 investment programme of the Group focusing on development of EDGE-certified Lidl stores in Latvia and Estonia.European Bank for Reconstruction and DevelopmentLIDL EESTI OUEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTALLINN59.43696 24.7535335000000LIDL EESTI OUPRIVATEPRIVATEPRIVATEProvision of up to EUR 100 million senior loan to German retail chain Schwarz Group (Schwarz, or the Group). The proceeds of the loan will be used to support expansion of Lidl format stores in Latvia and Estonia. The proceeds of the loan will be used to support 2023-2025 investment programme of the Group focusing on development of EDGE-certified Lidl stores in Latvia and Estonia. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54513XI-IATI-EBRD-52416European Bank for Reconstruction and DevelopmentThe European Bank for Reconstruction and Development ("EBRD") invested in senior unsecured PLN denominated bonds with 7-year maturities, issued by P4 Sp. z o.o. ("Play"), a leading Polish mobile telecom operator. With its investment of PLN 100 million, EBRD supported Play's bond issuance financing the rollout of 5G technology in Poland.European Bank for Reconstruction and DevelopmentP4 SP ZOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.0117823267155.34P4 SP ZOOPRIVATEPRIVATEPRIVATEThe European Bank for Reconstruction and Development ("EBRD") invested in senior unsecured PLN denominated bonds with 7-year maturities, issued by P4 Sp. z o.o. ("Play"), a leading Polish mobile telecom operator. With its investment of PLN 100 million, EBRD supported Play's bond issuance financing the rollout of 5G technology in Poland. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52416XI-IATI-EBRD-47489European Bank for Reconstruction and DevelopmentThe EBRD is providing a senior loan of up to KZT 2.09 billion or EUR 10 million with a 13 year tenor to TOO "Vodnye Resoursy Marketing" (the "Company"), a private water company, to address the emergency situation in the City of Shymkent (the "City" or "Shymkent") in the Southern Kazakhstan. The Project will improve the city's wastewater system through implementation of the emergency investment programme, comprising of the partial rehabilitation of the main wastewater collection network. Null ValueEuropean Bank for Reconstruction and DevelopmentVODNYE RESURSY-MARKETING TOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSHYMKENT42.3 69.610000000VODNYE RESURSY-MARKETING TOOPRIVATEPRIVATEPRIVATEThe EBRD is providing a senior loan of up to KZT 2.09 billion or EUR 10 million with a 13 year tenor to TOO "Vodnye Resoursy Marketing" (the "Company"), a private water company, to address the emergency situation in the City of Shymkent (the "City" or "Shymkent") in the Southern Kazakhstan. The Project will improve the city's wastewater system through implementation of the emergency investment programme, comprising of the partial rehabilitation of the main wastewater collection network. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47489XI-IATI-EBRD-53249European Bank for Reconstruction and DevelopmentSenior secured loan of up to EUR 3mn (or USD equivalent) to TBC Leasing to support investment financing for micro, small and medium sized enterprises ("MSMEs") in Georgi, and promote EU standards in the market under the Eastern Partnership SME Competitiveness ("EaP SMEC") Programme for sustainable investments in technology and equipment. The project will enable the Company to finance medium to long-term investments of Georgian MSMEs in upgrading their technology and equipment necessary to meet EU standards in terms of product quality, health and safety measures and environmental protection.European Bank for Reconstruction and DevelopmentTBC LEASING JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTBILISI41.69411 44.833683000000TBC LEASING JSCPRIVATEPRIVATEPRIVATESenior secured loan of up to EUR 3mn (or USD equivalent) to TBC Leasing to support investment financing for micro, small and medium sized enterprises ("MSMEs") in Georgi, and promote EU standards in the market under the Eastern Partnership SME Competitiveness ("EaP SMEC") Programme for sustainable investments in technology and equipment. The project will enable the Company to finance medium to long-term investments of Georgian MSMEs in upgrading their technology and equipment necessary to meet EU standards in terms of product quality, health and safety measures and environmental protection. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53249XI-IATI-EBRD-54399European Bank for Reconstruction and DevelopmentThe EBRD invested EUR 72.5 million in the Zagrebacki Holding's (the "ZGH") EUR 305 million sustainability-linked bond ("SLB"). The bond has a 5-year maturity and was issued to refinance the ZGH's existing EUR 305 million bond issued in 2016 and 2017, in which the EBRD also invested. The bond will be listed on Zagreb Stock Exchange. With its investment, EBRD supported the first SLB issuance by municipality / public sector in Croatia. The bond is aligned with the International Capital Market Association's (ICMA) guidelines for sustainability-linked bonds as verified independently by second party opinion provider. The bond will also support ZGH in improving the waste management practices and increasing a share of renewable energy consumption. The key performance indicators of the SLB are found to be relevant to the SLB principles and material. The Project supports local capital market development as well as ZGH's balance sheet restructuring, improving ZGH's resilience to external shocks and investment potential.European Bank for Reconstruction and DevelopmentZAGREBACKI HOLDING DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGZAGREB45.81444 15.9779872500000ZAGREBACKI HOLDING DOO72500000ZAGREBACKI HOLDING DOOSTATESTATESTATESTATEThe EBRD invested EUR 72.5 million in the Zagrebacki Holding's (the "ZGH") EUR 305 million sustainability-linked bond ("SLB"). The bond has a 5-year maturity and was issued to refinance the ZGH's existing EUR 305 million bond issued in 2016 and 2017, in which the EBRD also invested. The bond will be listed on Zagreb Stock Exchange. With its investment, EBRD supported the first SLB issuance by municipality / public sector in Croatia. The bond is aligned with the International Capital Market Association's (ICMA) guidelines for sustainability-linked bonds as verified independently by second party opinion provider. The bond will also support ZGH in improving the waste management practices and increasing a share of renewable energy consumption. The key performance indicators of the SLB are found to be relevant to the SLB principles and material. The Project supports local capital market development as well as ZGH's balance sheet restructuring, improving ZGH's resilience to external shocks and investment potential. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54399XI-IATI-EBRD-45782European Bank for Reconstruction and DevelopmentProvision of a sovereign guaranteed loan to JSC Ukrzaliznytsia (the "Ukrainian Railways", "UZ", "Company") in the amount of up to €150 million for the electrification of 253 km railway line Dolynska-Mykolaiv-Kolosivka, in south Ukraine, its connection to the high voltage grid and the installation of a second track on single track sections of the line (the "Project"). The Project aims to increase the efficiency of the railway operations and the capacity for port hinterland traffic in the Odessa region. The main purpose of the Project is to improve the efficiency of the railway operations and to support the ongoing railway reform process through: (i) providing financing to electrify and double track the railway line, thus reducing energy consumption and removing the capacity bottleneck at three Ukraine's main gateways for grain exports, (ii) providing institutional strengthening support to the Ukrainian Railways and the Government of Ukraine to implement best corporate governance practices, and (iii) providing further support to reduce energy consumption in the rail sector in Ukraine.European Bank for Reconstruction and DevelopmentUKRAINIAN RAILWAYS PJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.5238150000000UKRAINIAN RAILWAYS PJSC1245000UKRAINIAN RAILWAYS PJSC50000000UKRAINIAN RAILWAYS PJSC255000UKRAINIAN RAILWAYS PJSC98500000UKRAINIAN RAILWAYS PJSCSTATESTATESTATESTATEProvision of a sovereign guaranteed loan to JSC Ukrzaliznytsia (the "Ukrainian Railways", "UZ", "Company") in the amount of up to €150 million for the electrification of 253 km railway line Dolynska-Mykolaiv-Kolosivka, in south Ukraine, its connection to the high voltage grid and the installation of a second track on single track sections of the line (the "Project"). The Project aims to increase the efficiency of the railway operations and the capacity for port hinterland traffic in the Odessa region. The main purpose of the Project is to improve the efficiency of the railway operations and to support the ongoing railway reform process through: (i) providing financing to electrify and double track the railway line, thus reducing energy consumption and removing the capacity bottleneck at three Ukraine's main gateways for grain exports, (ii) providing institutional strengthening support to the Ukrainian Railways and the Government of Ukraine to implement best corporate governance practices, and (iii) providing further support to reduce energy consumption in the rail sector in Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/45782XI-IATI-EBRD-50060European Bank for Reconstruction and DevelopmentProvision of EUR 40 million senior loan to German retail chain, Schwarz Group (Schwarz, or the Group). - Support energy efficiency improvements and refurbishment of selected Lidl supermarkets in Greece. - Support the construction of three new green stores, promoting Lidl's green store concept and supporting deployment of best available technologies for resource efficiency.European Bank for Reconstruction and DevelopmentLIDL HELLAS AND SIA OEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTHESSALONIKI40.64361 22.9308640000000LIDL HELLAS AND SIA OEPRIVATEPRIVATEPRIVATEProvision of EUR 40 million senior loan to German retail chain, Schwarz Group (Schwarz, or the Group). - Support energy efficiency improvements and refurbishment of selected Lidl supermarkets in Greece. - Support the construction of three new green stores, promoting Lidl's green store concept and supporting deployment of best available technologies for resource efficiency. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50060XI-IATI-EBRD-46962European Bank for Reconstruction and DevelopmentThe EBRD provided a senior long-term loan to finance the construction and operation of a wind farm with the total capacity of 48MW, to be located in Mycielin, Poland (the "Project"). The Project is expected to be commissioned by the end of 2015 and, therefore, to benefit from the current renewable energy sources ("RES") support system. The loan is to be made available to a special purpose company, Grupa PEP - Farma Wiatrowa Mycielin Sp. z o.o. (the "Borrower") created to own, construct and operate the wind farm. The Borrower is fully owned by Polenergia S.A. (previously Polish Energy Partners S.A.; the "Sponsor"). Null ValueEuropean Bank for Reconstruction and DevelopmentPOLENERGIA FARMA WIATROWA MYCIELIN SP ZOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.0117829083944.18POLENERGIA FARMA WIATROWA MYCIELIN SP ZOOPRIVATEPRIVATEPRIVATEThe EBRD provided a senior long-term loan to finance the construction and operation of a wind farm with the total capacity of 48MW, to be located in Mycielin, Poland (the "Project"). The Project is expected to be commissioned by the end of 2015 and, therefore, to benefit from the current renewable energy sources ("RES") support system. The loan is to be made available to a special purpose company, Grupa PEP - Farma Wiatrowa Mycielin Sp. z o.o. (the "Borrower") created to own, construct and operate the wind farm. The Borrower is fully owned by Polenergia S.A. (previously Polish Energy Partners S.A.; the "Sponsor"). Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/46962XI-IATI-EBRD-55085European Bank for Reconstruction and DevelopmentA senior loan of up to EUR 100 million in favour of Polish subsidiaries (the "Borrowers") of Vantage Development S.A. (the "Parent"), The Parent is incorporated in Poland and ultimately owned by TAG Immobillien AG (the "Sponsor"). The proceeds of the EBRD loan will support the development of the Parent's energy efficient residential for rent buildings in Poland. The transaction will help to alleviate the housing shortage in Poland, which was exacerbated by the war on Ukraine and the inflow of Ukrainian refugees to Poland, by supporting the increase in supply of energy efficient residential buildings. Moreover, the project will introduce social leases which is a novelty for the Polish residential market.European Bank for Reconstruction and DevelopmentVD RENT WROCLAW I SP ZOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWROCLAW51.1 17.03333100000000VD RENT WROCLAW I SP ZOOPRIVATEPRIVATEPRIVATEA senior loan of up to EUR 100 million in favour of Polish subsidiaries (the "Borrowers") of Vantage Development S.A. (the "Parent"), The Parent is incorporated in Poland and ultimately owned by TAG Immobillien AG (the "Sponsor"). The proceeds of the EBRD loan will support the development of the Parent's energy efficient residential for rent buildings in Poland. The transaction will help to alleviate the housing shortage in Poland, which was exacerbated by the war on Ukraine and the inflow of Ukrainian refugees to Poland, by supporting the increase in supply of energy efficient residential buildings. Moreover, the project will introduce social leases which is a novelty for the Polish residential market. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55085XI-IATI-EBRD-53439European Bank for Reconstruction and DevelopmentSenior unsecured loan in the amount of up to USD 20 mln equivalent in GEL to be provided to TBC Bank to support investment financing for micro, small and medium sized enterprises ("MSMEs") in Georgia, and promote EU standards in the market under the Eastern Partnership SME Competitiveness ("EaP SMEC") Programme, a successor to the DCFTA Programme, for sustainable investments in technology and equipment. The project will enable the bank to finance medium to long-term investments of Georgian MSMEs in upgrading their technology and equipment necessary to meet EU standards in terms of product quality, health and safety measures and environmental protection, enhancing their competitiveness locally and regionally. The Project aims to deliver at least 75% of sub-loans complying with EBRD Green Economy Transition (GET) approach.European Bank for Reconstruction and DevelopmentTBC BANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTBILISI41.69411 44.8336818201517.94TBC BANK JSCPRIVATEPRIVATEPRIVATESenior unsecured loan in the amount of up to USD 20 mln equivalent in GEL to be provided to TBC Bank to support investment financing for micro, small and medium sized enterprises ("MSMEs") in Georgia, and promote EU standards in the market under the Eastern Partnership SME Competitiveness ("EaP SMEC") Programme, a successor to the DCFTA Programme, for sustainable investments in technology and equipment. The project will enable the bank to finance medium to long-term investments of Georgian MSMEs in upgrading their technology and equipment necessary to meet EU standards in terms of product quality, health and safety measures and environmental protection, enhancing their competitiveness locally and regionally. The Project aims to deliver at least 75% of sub-loans complying with EBRD Green Economy Transition (GET) approach. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53439XI-IATI-EBRD-55403European Bank for Reconstruction and DevelopmentProvision of a senior loan to Inecobank ("IB") of up to USD 7 million under the SME Competitiveness and Inclusion Programme in Eastern Partnership ("EaP SMECI") established by the European Bank for Reconstruction and Development ("EBRD") in cooperation with the European Union ("EU") to be on-lent to eligible micro, small and medium sized enterprises ("MSMEs"). The project will enable IB to finance long-term investments of Armenian MSMEs in upgrading their production facilities and processes to achieve compliance with the EU standards, including investments in sustainable and green technologies, thus facilitating competitiveness of Armenian MSMEs in the European and domestic markets. In addition to long-term financing, eligible sub-borrowers will benefit from investment incentives upon successful completion of their investment projects. At least 70 per cent of all financed sub-loans are expected to be compliant with EBRD Green Economy Transition ("GET") approach. The project will also include a new voluntary window Refugee Response Window for Armenia ("RRWA") dedicated and designed to address challenges faced specifically by displaced people as well as MSMEs in host communities. In addition to SMECI investment incentives, the RRWA will offer enhanced incentives to underserved, yet bankable refugee population, as well as MSMEs in host communities to integrate and on-board refugees into their workforce.European Bank for Reconstruction and DevelopmentINECOBANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYEREVAN40.18111 44.513616127987.39INECOBANK CJSCPRIVATEPRIVATEPRIVATEProvision of a senior loan to Inecobank ("IB") of up to USD 7 million under the SME Competitiveness and Inclusion Programme in Eastern Partnership ("EaP SMECI") established by the European Bank for Reconstruction and Development ("EBRD") in cooperation with the European Union ("EU") to be on-lent to eligible micro, small and medium sized enterprises ("MSMEs"). The project will enable IB to finance long-term investments of Armenian MSMEs in upgrading their production facilities and processes to achieve compliance with the EU standards, including investments in sustainable and green technologies, thus facilitating competitiveness of Armenian MSMEs in the European and domestic markets. In addition to long-term financing, eligible sub-borrowers will benefit from investment incentives upon successful completion of their investment projects. At least 70 per cent of all financed sub-loans are expected to be compliant with EBRD Green Economy Transition ("GET") approach. The project will also include a new voluntary window Refugee Response Window for Armenia ("RRWA") dedicated and designed to address challenges faced specifically by displaced people as well as MSMEs in host communities. In addition to SMECI investment incentives, the RRWA will offer enhanced incentives to underserved, yet bankable refugee population, as well as MSMEs in host communities to integrate and on-board refugees into their workforce. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55403XI-IATI-EBRD-53055European Bank for Reconstruction and DevelopmentA EUR 5 million senior loan, comprising two equal tranches with Tranche A committed and Tranche B uncomitted, to Eximbank under the SME Competitiveness Programme in the Eastern Partnership for on-lending to eligible micro, small and medium enterprises (MSMEs). In addition to long-term financing, eligible sub-borrowers will receive technical assistance funded by the European Union (EU) and investment incentives. The SME Competitiveness Programme in the Eastern Partnership is a follow-on facility of the existing FI DCFTA Blended Finance Programme (DCFTA), designed for Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine, to support upgrades in MSMEs to EU standards. The proposed project will enable Eximbank to extend investment loans to local MSMEs, financing upgrades of technology and equipment necessary to meet EU standards in terms of product quality, health and safety measures and environmental preservation and thus will help businesses to become greener and more competitive. At least 70 percent of all financed sub-loans are expected to be compliant with EBRD Green Economy Transition (GET) approach.European Bank for Reconstruction and DevelopmentBC EXIMBANK SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCHISINAU47.00556 28.85755000000BC EXIMBANK SAPRIVATEPRIVATEPRIVATEA EUR 5 million senior loan, comprising two equal tranches with Tranche A committed and Tranche B uncomitted, to Eximbank under the SME Competitiveness Programme in the Eastern Partnership for on-lending to eligible micro, small and medium enterprises (MSMEs). In addition to long-term financing, eligible sub-borrowers will receive technical assistance funded by the European Union (EU) and investment incentives. The SME Competitiveness Programme in the Eastern Partnership is a follow-on facility of the existing FI DCFTA Blended Finance Programme (DCFTA), designed for Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine, to support upgrades in MSMEs to EU standards. The proposed project will enable Eximbank to extend investment loans to local MSMEs, financing upgrades of technology and equipment necessary to meet EU standards in terms of product quality, health and safety measures and environmental preservation and thus will help businesses to become greener and more competitive. At least 70 percent of all financed sub-loans are expected to be compliant with EBRD Green Economy Transition (GET) approach. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53055XI-IATI-EBRD-56869European Bank for Reconstruction and DevelopmentProvision of a senior secured loan of up to PLN 400 million to Tele-Fonika Kable S.A. (the "Company"), the largest cable and wire producer in Central and Eastern Europe with headquarters in Poland. The Project will support capacity expansion of high and medium voltage cables (HV & MV) cables and R&D investments into developing new products, both critical for expansion and modernisation of the power grid required for deployment of new energy sources including renewable energy capacities. The loan is a part of a larger consortium financing, with the EBRD joined by other lenders. The EBRD loan will finance the capacity expansion plans of Tele-Fonika Kable, including by supporting research & development of new products, as well as general corporate purposes. The Project will contribute to ensuring long-term resilience and growth of the Company's business, allowing it to successfully compete in the market and contribute to the ongoing transition to a low carbon and sustainable energy supply in Europe.European Bank for Reconstruction and DevelopmentTELE-FONIKA KABLE SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKRAKOW50.06143 19.9365855841172.8155841172.81TELE-FONIKA KABLE SAPRIVATEPRIVATEPRIVATEProvision of a senior secured loan of up to PLN 400 million to Tele-Fonika Kable S.A. (the "Company"), the largest cable and wire producer in Central and Eastern Europe with headquarters in Poland. The Project will support capacity expansion of high and medium voltage cables (HV & MV) cables and R&D investments into developing new products, both critical for expansion and modernisation of the power grid required for deployment of new energy sources including renewable energy capacities. The loan is a part of a larger consortium financing, with the EBRD joined by other lenders. The EBRD loan will finance the capacity expansion plans of Tele-Fonika Kable, including by supporting research & development of new products, as well as general corporate purposes. The Project will contribute to ensuring long-term resilience and growth of the Company's business, allowing it to successfully compete in the market and contribute to the ongoing transition to a low carbon and sustainable energy supply in Europe. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56869XI-IATI-EBRD-55829European Bank for Reconstruction and DevelopmentA commitment of up to EUR 20 million in favour of Spire Capital Partners Fund I SCA SICAV-RAIF (the "Fund") The Fund will make equity and equity-related investments in lower mid-market companies principally in Poland and also in other Central and Eastern European countries ("the Region") with the objective of achieving long-term capital growth.European Bank for Reconstruction and DevelopmentSPIRE CAPITAL PARTNERS FUND I SCA SICAV-RAIFEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.01178BRATISLAVA48.14816 17.106749350548.6920000000SPIRE CAPITAL PARTNERS FUND I SCA SICAV-RAIFPRIVATEPRIVATEPRIVATEA commitment of up to EUR 20 million in favour of Spire Capital Partners Fund I SCA SICAV-RAIF (the "Fund") The Fund will make equity and equity-related investments in lower mid-market companies principally in Poland and also in other Central and Eastern European countries ("the Region") with the objective of achieving long-term capital growth. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55829XI-IATI-EBRD-56845European Bank for Reconstruction and DevelopmentA senior unsecured local currency denominated loan of up to EUR 20 million equivalent with a tenor of 3 years to be provided to OTP Leasing LLC ("OTPL", the "PFI"). This medium-term local currency funding will be provided under the EBRD's Resilience and Livelihoods Framework and FIF - EaP SMECI Framework and will be used by OTPL for on-lending to private SMEs in Ukraine. Up to EUR 10 million of the loan will be directed to finance SMEs' long-term investments under the EU4Business-EBRD Credit Line with Incentives (within a dedicated "SMECI sub-limit" assigned with a separate EBRD project number 56846). This will enable financing of long-term capital investments of SMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of the sub-limit), thereby enhancing their competitiveness. Eligible sub-borrowers will also receive EU- and Shareholder Special Fund (SSF)-funded technical assistance and US-funded grant support in the form of investment incentives upon the completion of their investment projects. The Project will help OTPL to maintain a sustainable funding base during the crisis and provide continued access to finance for private businesses, including SMEs affected by the ongoing military invasion of the territory of Ukraine by the Russian Federation.European Bank for Reconstruction and DevelopmentOTP LEASING LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.523810007562.04OTP LEASING LLCPRIVATEPRIVATEPRIVATEA senior unsecured local currency denominated loan of up to EUR 20 million equivalent with a tenor of 3 years to be provided to OTP Leasing LLC ("OTPL", the "PFI"). This medium-term local currency funding will be provided under the EBRD's Resilience and Livelihoods Framework and FIF - EaP SMECI Framework and will be used by OTPL for on-lending to private SMEs in Ukraine. Up to EUR 10 million of the loan will be directed to finance SMEs' long-term investments under the EU4Business-EBRD Credit Line with Incentives (within a dedicated "SMECI sub-limit" assigned with a separate EBRD project number 56846). This will enable financing of long-term capital investments of SMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of the sub-limit), thereby enhancing their competitiveness. Eligible sub-borrowers will also receive EU- and Shareholder Special Fund (SSF)-funded technical assistance and US-funded grant support in the form of investment incentives upon the completion of their investment projects. The Project will help OTPL to maintain a sustainable funding base during the crisis and provide continued access to finance for private businesses, including SMEs affected by the ongoing military invasion of the territory of Ukraine by the Russian Federation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56845XI-IATI-EBRD-50043European Bank for Reconstruction and DevelopmentProvision of a sovereign guaranteed loan in the amount of up to EUR 22 million of a programme of two loans to Srbija Voz JSC (the "Company" or "Serbia Voz") for the refurbishment and upgrade of the Technical Passenger Station Zemun ("TPS Zemun"), and acquisition and installation of various information technology systems (the "Project"). The first loan under the programme in the amount of EUR 30 million was signed on 7 December 2017 (Serbia Voz: TPS Zemun, OpID 48405). The Project envisages refurbishment and upgrade of TPS Zemun, located on the outskirts of Belgrade, to enable maintenance of the new Bank-funded Electric Multiple Units (the "EMU"s) and classic locomotive-hauled coaching sets. The expansion and upgrade of TPS Zemun is essential for the uninterrupted maintenance process of the Company's rolling stock, following the closure of a maintenance facility in downtown Belgrade. The Project aims to provide additional maintenance capacity to support the Company's rolling stock growth and to respond to the closure of the facilities in downtown Belgrade, provide an adequate maintenance facility for the Company's new generation Swiss-made EMUs, as existing facilities do not meet the minimum requirements, and to reduce the empty coaching stock moves due to its location on the international Corridor X and proximity to Belgrade. Acquisition of information technology systems will allow the Company to improve its planning, controlling and resource management activities.European Bank for Reconstruction and DevelopmentSRBIJAVOZ JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651322000000SRBIJAVOZ JSC220000SRBIJAVOZ JSC434236.4SRBIJAVOZ JSC437771.8SRBIJAVOZ JSC86759.6SRBIJAVOZ JSC162815.4SRBIJAVOZ JSC504990SRBIJAVOZ JSC531655.2SRBIJAVOZ JSC220195.8SRBIJAVOZ JSC36992.94SRBIJAVOZ JSC346224SRBIJAVOZ JSC983668.45SRBIJAVOZ JSC681923SRBIJAVOZ JSC805249.2SRBIJAVOZ JSC2366380.12SRBIJAVOZ JSC937535.93SRBIJAVOZ JSC835854.52SRBIJAVOZ JSC549939.62SRBIJAVOZ JSC133695SRBIJAVOZ JSC56340SRBIJAVOZ JSC326589.88SRBIJAVOZ JSC437771.8SRBIJAVOZ JSC434236.4SRBIJAVOZ JSC267547.78SRBIJAVOZ JSC1954312.44SRBIJAVOZ JSC1495188.19SRBIJAVOZ JSC960297.3SRBIJAVOZ JSC869604.05SRBIJAVOZ JSC528133.9SRBIJAVOZ JSC578650.38SRBIJAVOZ JSC41743.44SRBIJAVOZ JSC377855.21SRBIJAVOZ JSC125895.36SRBIJAVOZ JSC8100SRBIJAVOZ JSC377302.04SRBIJAVOZ JSC2745SRBIJAVOZ JSC463522.86SRBIJAVOZ JSC86759.6SRBIJAVOZ JSC389718.83SRBIJAVOZ JSC833452.69SRBIJAVOZ JSC372437.62SRBIJAVOZ JSC735908.25SRBIJAVOZ JSCSTATESTATESTATESTATEProvision of a sovereign guaranteed loan in the amount of up to EUR 22 million of a programme of two loans to Srbija Voz JSC (the "Company" or "Serbia Voz") for the refurbishment and upgrade of the Technical Passenger Station Zemun ("TPS Zemun"), and acquisition and installation of various information technology systems (the "Project"). The first loan under the programme in the amount of EUR 30 million was signed on 7 December 2017 (Serbia Voz: TPS Zemun, OpID 48405). The Project envisages refurbishment and upgrade of TPS Zemun, located on the outskirts of Belgrade, to enable maintenance of the new Bank-funded Electric Multiple Units (the "EMU"s) and classic locomotive-hauled coaching sets. The expansion and upgrade of TPS Zemun is essential for the uninterrupted maintenance process of the Company's rolling stock, following the closure of a maintenance facility in downtown Belgrade. The Project aims to provide additional maintenance capacity to support the Company's rolling stock growth and to respond to the closure of the facilities in downtown Belgrade, provide an adequate maintenance facility for the Company's new generation Swiss-made EMUs, as existing facilities do not meet the minimum requirements, and to reduce the empty coaching stock moves due to its location on the international Corridor X and proximity to Belgrade. Acquisition of information technology systems will allow the Company to improve its planning, controlling and resource management activities. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50043XI-IATI-EBRD-48503European Bank for Reconstruction and DevelopmentThe project includes provision of a sovereign loan of up to €50 million in favour of the Republic of Belarus (the "Borrower") for the purpose of issuing a subordinated loan by the Borrower to Belinvestbank (BIB), an open joint-stock company incorporated in Belarus. The main objective of the Project is to support capitalisation of Belinvestbank and the expansion of operations in line with the approved business strategy. This transaction represents the third step of its staged pre-privatisation engagement with Belinvestbank, following the provision of finance and the beginning of the implementation of a comprehensive institutional building programme.European Bank for Reconstruction and DevelopmentBELARUS SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGMINSK53.9 27.5666750000000BELARUS SOVEREIGN50000000BELARUS SOVEREIGNSTATESTATESTATESTATEThe project includes provision of a sovereign loan of up to €50 million in favour of the Republic of Belarus (the "Borrower") for the purpose of issuing a subordinated loan by the Borrower to Belinvestbank (BIB), an open joint-stock company incorporated in Belarus. The main objective of the Project is to support capitalisation of Belinvestbank and the expansion of operations in line with the approved business strategy. This transaction represents the third step of its staged pre-privatisation engagement with Belinvestbank, following the provision of finance and the beginning of the implementation of a comprehensive institutional building programme. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48503XI-IATI-EBRD-45690European Bank for Reconstruction and DevelopmentProvision of an up to EUR 500 million loan to Trans Adriatic Pipeline AG, the constructor, owner and operator of the Trans Adriatic Pipeline ("TAP" or the "Project"). TAP is a 878 km cross-border natural gas pipeline, currently under construction, stretching from the Greek/Turkish border (near Kipoi) to Italy (near San Foca) after crossing Greece, Albania and the Adriatic Sea. TAP's initial capacity will be 10 billion cubic meters of natural gas per annum. EBRD to hold open house on TAP project in Albania Members of the public are invited to attend an open house meeting to discuss EBRD's potential investment in the Trans Adriatic Pipeline - Friday, March 9 in Berat Albania. Further information Stretching across five countries of operations of the EBRD, the Southern Gas Corridor - of which the TAP Project is an integral part - is an important strategic gas infrastructure project aimed at improving the security and diversity of the energy supply to Europe and Turkey. It will expand gas supply options and provide new energy transportation routes enabling Europe to access gas from the Caspian region and, in the longer term, beyond it, including the Eastern Mediterranean, Central Asia and the Middle East. As a cross-regional infrastructure project, the Southern Gas Corridor will foster opportunities for international cooperation, economic integration and sustainable economic development in the region. TAP has been included to the European Commission's list of 33 priority energy security projects of common interest. Projects of such scale also create significant opportunities for local employment and businesses. During construction, some 5,000 jobs will be created (in excess of 3,000 in Greece and 1,700 in Albania). The construction of the pipeline has led to the rehabilitation of 58 km of roads and 42 bridges in Albania. In addition, TAP has agreed with each of the governments of Greece and Albania respective Social and Environment Investment (SEI) packages including investments into health, transport, SME and agricultural sector development. As countries undertake the long-term transition to a low carbon economy, gas will continue to play a significant role as a complementary fuel. As a relatively low-carbon fossil fuel providing a flexible power generation source, gas can be used to complement renewable energy sources as a reliable back-up to expanding intermittent renewable energy. Most new thermal facilities are expected to be fueled by gas because of lower capital costs, greater flexibility to act as back-up to intermittent renewables and lower carbon footprint. As renewable energy is expanding and as greenhouse gas emission reduction goals are becoming more stringent, gas, as a lower carbon fuel, will have an increasingly prominent role in power generation in the move to a low carbon economy.European Bank for Reconstruction and DevelopmentTRANS ADRIATIC PIPELINE AGEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTIRANA41.3275 19.81889ATHENS37.98376 23.72784500000000TRANS ADRIATIC PIPELINE AGPRIVATEPRIVATEPRIVATEProvision of an up to EUR 500 million loan to Trans Adriatic Pipeline AG, the constructor, owner and operator of the Trans Adriatic Pipeline ("TAP" or the "Project"). TAP is a 878 km cross-border natural gas pipeline, currently under construction, stretching from the Greek/Turkish border (near Kipoi) to Italy (near San Foca) after crossing Greece, Albania and the Adriatic Sea. TAP's initial capacity will be 10 billion cubic meters of natural gas per annum. EBRD to hold open house on TAP project in Albania Members of the public are invited to attend an open house meeting to discuss EBRD's potential investment in the Trans Adriatic Pipeline - Friday, March 9 in Berat Albania. Further information Stretching across five countries of operations of the EBRD, the Southern Gas Corridor - of which the TAP Project is an integral part - is an important strategic gas infrastructure project aimed at improving the security and diversity of the energy supply to Europe and Turkey. It will expand gas supply options and provide new energy transportation routes enabling Europe to access gas from the Caspian region and, in the longer term, beyond it, including the Eastern Mediterranean, Central Asia and the Middle East. As a cross-regional infrastructure project, the Southern Gas Corridor will foster opportunities for international cooperation, economic integration and sustainable economic development in the region. TAP has been included to the European Commission's list of 33 priority energy security projects of common interest. Projects of such scale also create significant opportunities for local employment and businesses. During construction, some 5,000 jobs will be created (in excess of 3,000 in Greece and 1,700 in Albania). The construction of the pipeline has led to the rehabilitation of 58 km of roads and 42 bridges in Albania. In addition, TAP has agreed with each of the governments of Greece and Albania respective Social and Environment Investment (SEI) packages including investments into health, transport, SME and agricultural sector development. As countries undertake the long-term transition to a low carbon economy, gas will continue to play a significant role as a complementary fuel. As a relatively low-carbon fossil fuel providing a flexible power generation source, gas can be used to complement renewable energy sources as a reliable back-up to expanding intermittent renewable energy. Most new thermal facilities are expected to be fueled by gas because of lower capital costs, greater flexibility to act as back-up to intermittent renewables and lower carbon footprint. As renewable energy is expanding and as greenhouse gas emission reduction goals are becoming more stringent, gas, as a lower carbon fuel, will have an increasingly prominent role in power generation in the move to a low carbon economy. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/45690XI-IATI-EBRD-50842European Bank for Reconstruction and DevelopmentThe proceeds of the loan to Georgia for the benefit of secondary cities, which include Kutaisi, Gori, Telavi, Zugdidi, Rustavi and Poti ("Project Cities"), will finance approximately 175 units of modern diesel (Euro 5) buses. The goal of the Project is to establish regular bus services in each Project City, through the capacity enhancement of the existing transport companies and the establishment of new transport companies, where needed.European Bank for Reconstruction and DevelopmentGEORGIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTBILISI41.69411 44.8336819000000GEORGIA SOVEREIGN170000GEORGIA SOVEREIGN3723023.14GEORGIA SOVEREIGN356454.76GEORGIA SOVEREIGN712909.52GEORGIA SOVEREIGN5215885.86GEORGIA SOVEREIGN1303971.46GEORGIA SOVEREIGN2096692.59GEORGIA SOVEREIGN20000GEORGIA SOVEREIGN1996146.66GEORGIA SOVEREIGN2737743.85GEORGIA SOVEREIGN524085.17GEORGIA SOVEREIGNSTATESTATESTATESTATEThe proceeds of the loan to Georgia for the benefit of secondary cities, which include Kutaisi, Gori, Telavi, Zugdidi, Rustavi and Poti ("Project Cities"), will finance approximately 175 units of modern diesel (Euro 5) buses. The goal of the Project is to establish regular bus services in each Project City, through the capacity enhancement of the existing transport companies and the establishment of new transport companies, where needed. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50842XI-IATI-EBRD-53728European Bank for Reconstruction and DevelopmentThe participation of up to EUR 50 million in a six-year tranche of a leading automotive technology company Faurecia S.E.'s environmental, social and governance - ESG linked Schuldschein issuance, a privately placed unsecured debt governed by the German law, to finance Faurecia investments in the Czech Republic, Poland, Slovakia and Turkey. The project will contribute to the decarbonisation of the automotive supply chain and Faurecia's objective to achieve climate targets formulated in line with the Science-Based Targets Initiative, to become CO2 neutral for its internal emissions across all of its sites by 2025 (Scopes 1&2). The project will also finance growth capex in Faurecia's manufacturing sites in Slovakia and Turkey.European Bank for Reconstruction and DevelopmentFORVIA SEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRAGUE50.08804 14.42076WARSAW52.22977 21.01178BRATISLAVA48.14816 17.10674ANKARA39.91987 32.8542750000000FORVIA SEPRIVATEPRIVATEPRIVATEThe participation of up to EUR 50 million in a six-year tranche of a leading automotive technology company Faurecia S.E.'s environmental, social and governance - ESG linked Schuldschein issuance, a privately placed unsecured debt governed by the German law, to finance Faurecia investments in the Czech Republic, Poland, Slovakia and Turkey. The project will contribute to the decarbonisation of the automotive supply chain and Faurecia's objective to achieve climate targets formulated in line with the Science-Based Targets Initiative, to become CO2 neutral for its internal emissions across all of its sites by 2025 (Scopes 1&2). The project will also finance growth capex in Faurecia's manufacturing sites in Slovakia and Turkey. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53728XI-IATI-EBRD-51639European Bank for Reconstruction and DevelopmentThe provision of an up to USD 100 million loan to the Novus supermarket chain for the expansion of its network of stores, for the upgrade of its logistics infrastructure with the construction of a logistics centre in Kyiv. The Project will allow Novus to increase its customer base and scale up its operations. In addition, the construction of a logistics centre will allow the Company to increase its centralisation ratio and achieve greater efficiency and to meet the future demand from an expanded network of stores. These investments will enhance the Company's operating profile, and should sustain its positive operating and financial performance.European Bank for Reconstruction and DevelopmentNOVUS UKRAINE LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.523878556315.31NOVUS UKRAINE LLCPRIVATEPRIVATEPRIVATEThe provision of an up to USD 100 million loan to the Novus supermarket chain for the expansion of its network of stores, for the upgrade of its logistics infrastructure with the construction of a logistics centre in Kyiv. The Project will allow Novus to increase its customer base and scale up its operations. In addition, the construction of a logistics centre will allow the Company to increase its centralisation ratio and achieve greater efficiency and to meet the future demand from an expanded network of stores. These investments will enhance the Company's operating profile, and should sustain its positive operating and financial performance. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51639XI-IATI-EBRD-53718European Bank for Reconstruction and DevelopmentThe senior secured loan of up to USD 10,000,000 to JSC Evex Hospitals ("Evex"). Proceeds to finance capital expenditures as well as partially refinance the local currency private bonds which are maturing in July 2022. The Project will finance Evex's capital expenditures programme which includes: (i) introduction of additional services across the selected hospitals and (ii) planned upgrade of number of regional hospitals. The Project also entails partial refinancing of the maturing private local currency bonds of Evex which will benefit liquidity position of the company.European Bank for Reconstruction and DevelopmentEVEX HOSPITALS JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTBILISI41.69411 44.833688940419.87EVEX HOSPITALS JSCPRIVATEPRIVATEPRIVATEThe senior secured loan of up to USD 10,000,000 to JSC Evex Hospitals ("Evex"). Proceeds to finance capital expenditures as well as partially refinance the local currency private bonds which are maturing in July 2022. The Project will finance Evex's capital expenditures programme which includes: (i) introduction of additional services across the selected hospitals and (ii) planned upgrade of number of regional hospitals. The Project also entails partial refinancing of the maturing private local currency bonds of Evex which will benefit liquidity position of the company. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53718XI-IATI-EBRD-55167European Bank for Reconstruction and DevelopmentAn equity investment of up to EUR 15 million in Cogito Fund II SCA SICAR-RAIF (the "Fund"). The Fund will make equity and quasi-equity investments in innovative technology companies primarily in Poland plus selected countries in Central and Eastern Europe, Ukraine and the Western Balkans (collectively the "Target Region").European Bank for Reconstruction and DevelopmentCOGITO FUND II SCA SICAV-RAIFEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTALLINN59.43696 24.75353VILNIUS54.68916 25.2798RIGA56.946 24.10589WARSAW52.22977 21.01178818896615000000COGITO FUND II SCA SICAV-RAIFPRIVATEPRIVATEPRIVATEAn equity investment of up to EUR 15 million in Cogito Fund II SCA SICAR-RAIF (the "Fund"). The Fund will make equity and quasi-equity investments in innovative technology companies primarily in Poland plus selected countries in Central and Eastern Europe, Ukraine and the Western Balkans (collectively the "Target Region"). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55167XI-IATI-EBRD-57241European Bank for Reconstruction and DevelopmentProvision of a senior loan to ArmSwissBank CJSC in amount of up to USD 10m under the Youth in Business in Caucasus Programme (the "Programme") to support youth-led or youth-owned micro, small and medium-sized enterprises in Armenia. The project aims to promote inclusive and competitive economic growth by improving access to finance for youth-owned and youth-led MSMEs in Armenia. Aligned with the objectives of the Youth in Business Caucasus Programme, the transaction will enable ArmSwissBank to launch and scale a dedicated youth-focused lending product, supported by targeted non-financial services, thereby expanding its product offering and adapting its lending practices, underwriting processes and delivery mechanisms to better meet the needs of young entrepreneurs.European Bank for Reconstruction and DevelopmentARMSWISSBANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYEREVAN40.18111 44.513614382431.53ARMSWISSBANK CJSCPRIVATEPRIVATEPRIVATEProvision of a senior loan to ArmSwissBank CJSC in amount of up to USD 10m under the Youth in Business in Caucasus Programme (the "Programme") to support youth-led or youth-owned micro, small and medium-sized enterprises in Armenia. The project aims to promote inclusive and competitive economic growth by improving access to finance for youth-owned and youth-led MSMEs in Armenia. Aligned with the objectives of the Youth in Business Caucasus Programme, the transaction will enable ArmSwissBank to launch and scale a dedicated youth-focused lending product, supported by targeted non-financial services, thereby expanding its product offering and adapting its lending practices, underwriting processes and delivery mechanisms to better meet the needs of young entrepreneurs. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57241XI-IATI-EBRD-53757European Bank for Reconstruction and DevelopmentUSD 40 million subscription in the USD 300 million 5-year unsecured green Eurobond issue (the "Green Bond"), listed on the Irish Stock Exchange, issued by JSC Georgia Global Utilities (the "Company" or "GGU"), a joint stock company incorporated in Georgia (the "Project"). This is the second Green Bond issued by the Company, underpinned by its newly developed Green Bond Framework aligned with Green Bond Principles, as validated by an independent second party opinion. The Eurobond proceeds will finance or refinance green investments, enabling the Company to refinance existing debt and finance the mandatory investments for the next regulatory period.European Bank for Reconstruction and DevelopmentGEORGIA GLOBAL UTILITIES JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTBILISI41.69411 44.8336835017070.82GEORGIA GLOBAL UTILITIES JSCPRIVATEPRIVATEPRIVATEUSD 40 million subscription in the USD 300 million 5-year unsecured green Eurobond issue (the "Green Bond"), listed on the Irish Stock Exchange, issued by JSC Georgia Global Utilities (the "Company" or "GGU"), a joint stock company incorporated in Georgia (the "Project"). This is the second Green Bond issued by the Company, underpinned by its newly developed Green Bond Framework aligned with Green Bond Principles, as validated by an independent second party opinion. The Eurobond proceeds will finance or refinance green investments, enabling the Company to refinance existing debt and finance the mandatory investments for the next regulatory period. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53757XI-IATI-EBRD-49017European Bank for Reconstruction and DevelopmentAn equity investment in favour of Euroventures V Technology and Growth Fund Cooperatief UA (the "Fund"). The project will form part of the Bank's Early-Stage Innovation Facility, a EUR 100 million facility through which the EBRD selectively invests in commercially-oriented early-stage venture capital funds. The Fund will make equity and equity related investments in technology based early and growth-stage MSMEs primarily in Hungary, but also across central and eastern Europe, with the objective of achieving long-term capital appreciation.European Bank for Reconstruction and DevelopmentEUROVENTURES V TECHNOLOGY AND GROWTH FUND COOPERATIEF UAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUDAPEST47.49835 19.04045KYIV50.45466 30.5238828649.4810000000EUROVENTURES V TECHNOLOGY AND GROWTH FUND COOPERATIEF UAPRIVATEPRIVATEPRIVATEAn equity investment in favour of Euroventures V Technology and Growth Fund Cooperatief UA (the "Fund"). The project will form part of the Bank's Early-Stage Innovation Facility, a EUR 100 million facility through which the EBRD selectively invests in commercially-oriented early-stage venture capital funds. The Fund will make equity and equity related investments in technology based early and growth-stage MSMEs primarily in Hungary, but also across central and eastern Europe, with the objective of achieving long-term capital appreciation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49017XI-IATI-EBRD-54738European Bank for Reconstruction and DevelopmentA construction bridge loan of up to EUR 22.5 million to PL-SUN Sp.z.o.o. (the "Borrower" or the "Company"), a holding company incorporated in Poland. The loan will be dedicated for the construction and operation of 114.5MW solar portfolio in Poland (the "Project"). The Project consists of 16 solar PV plants owned through 8 special purpose vehicles under the Company. The Project will contribute to climate mitigation by adding 114.5MW solar generation capacity to the Polish national energy system.European Bank for Reconstruction and DevelopmentPL-SUN SP ZOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.0117822500000PL-SUN SP ZOOPRIVATEPRIVATEPRIVATEA construction bridge loan of up to EUR 22.5 million to PL-SUN Sp.z.o.o. (the "Borrower" or the "Company"), a holding company incorporated in Poland. The loan will be dedicated for the construction and operation of 114.5MW solar portfolio in Poland (the "Project"). The Project consists of 16 solar PV plants owned through 8 special purpose vehicles under the Company. The Project will contribute to climate mitigation by adding 114.5MW solar generation capacity to the Polish national energy system. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54738XI-IATI-EBRD-56701European Bank for Reconstruction and DevelopmentSenior unsecured loan of up to EUR 10.0 million to be provided to BC MAIB SA, an existing EBRD partner bank in Moldova, for on-lending to eligible micro, small and medium-sized enterprises ("MSMEs") under the SME Competitiveness and Inclusion Programme in the Eastern Partnership of the EU. The loan will consist of two equal tranches, each with a tenor of up to 5 years, with the second tranche uncommitted and available at the sole discretion of EBRD. Each tranche will be available for disbursement solely in EUR. The project will enable BC MAIB SA to extend investment loans to local MSMEs financing upgrades of technology and equipment necessary to meet EU standards in terms of product quality, health and safety measures and environmental preservation and thus will help businesses to become greener and more competitive.European Bank for Reconstruction and DevelopmentBC MAIB SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCHISINAU47.00556 28.857550000005000000BC MAIB SAPRIVATEPRIVATEPRIVATESenior unsecured loan of up to EUR 10.0 million to be provided to BC MAIB SA, an existing EBRD partner bank in Moldova, for on-lending to eligible micro, small and medium-sized enterprises ("MSMEs") under the SME Competitiveness and Inclusion Programme in the Eastern Partnership of the EU. The loan will consist of two equal tranches, each with a tenor of up to 5 years, with the second tranche uncommitted and available at the sole discretion of EBRD. Each tranche will be available for disbursement solely in EUR. The project will enable BC MAIB SA to extend investment loans to local MSMEs financing upgrades of technology and equipment necessary to meet EU standards in terms of product quality, health and safety measures and environmental preservation and thus will help businesses to become greener and more competitive. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56701XI-IATI-EBRD-56213European Bank for Reconstruction and DevelopmentAn equity investment of up to EUR 10 million in the Fund comprising (i) an initial commitment of up to EUR 6.5 million, and (ii) an additional amount of up to EUR 3.5 million which may be committed at any time prior to the final closing of the Fund (expected to be within 24 months after launch) at the discretion of Management. The project will form part of the Bank's Early-Stage Innovation Facility II ("ESIF II"), a EUR 200 million facility through which the EBRD selectively invests in commercially oriented early-stage venture capital funds. The Fund will make equity and equity-related investments in early-stage technology driven companies with primary operations in Ukraine, Central and Southeastern Europe and the Caucasus (collectively, the "Target Region"). Null ValueEuropean Bank for Reconstruction and DevelopmentFLYER ONE VENTURES FUND V CVEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTIRANA41.3275 19.81889YEREVAN40.18111 44.51361BAKU40.37767 49.89201SARAJEVO43.84864 18.35644SOFIA42.69751 23.32415TBILISI41.69411 44.83368ZAGREB45.81444 15.97798PRISTINA42.67272 21.16688CHISINAU47.00556 28.8575PODGORICA42.44111 19.26361SKOPJE41.99646 21.43141WARSAW52.22977 21.01178BUCHAREST44.43225 26.10626BELGRADE44.80401 20.46513KYIV50.45466 30.52385810769.76500000FLYER ONE VENTURES FUND V CVPRIVATEPRIVATEPRIVATEAn equity investment of up to EUR 10 million in the Fund comprising (i) an initial commitment of up to EUR 6.5 million, and (ii) an additional amount of up to EUR 3.5 million which may be committed at any time prior to the final closing of the Fund (expected to be within 24 months after launch) at the discretion of Management. The project will form part of the Bank's Early-Stage Innovation Facility II ("ESIF II"), a EUR 200 million facility through which the EBRD selectively invests in commercially oriented early-stage venture capital funds. The Fund will make equity and equity-related investments in early-stage technology driven companies with primary operations in Ukraine, Central and Southeastern Europe and the Caucasus (collectively, the "Target Region"). Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56213XI-IATI-EBRD-47436European Bank for Reconstruction and DevelopmentFollow-on investment in Trafi to support the company developing its B2B business model and growing consumer base. Null ValueEuropean Bank for Reconstruction and DevelopmentTRAFI LIMITEDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGVILNIUS54.68916 25.27981312563.09TRAFI LIMITED4500000TRAFI LIMITEDPRIVATEPRIVATEPRIVATEFollow-on investment in Trafi to support the company developing its B2B business model and growing consumer base. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47436XI-IATI-EBRD-57445European Bank for Reconstruction and DevelopmentA Resilience and Livelihoods Guarantee ("RLG") in the form of an unfunded risk sharing instrument (the "Facility") partly covering the credit risk of new sub-loans with a total value of up to EUR 510 million equivalent (the "Covered Portfolio") to be originated by JSC "State Savings Bank of Ukraine" ("Oschadbank", "OB", the "PFI") in Ukraine. The Facility will include two sub-limits with the Covered Portfolio of: (i) EUR 442 million under the Resilience and Livelihoods Framework, and (ii) EUR 68 million under the EU4Business-EBRD Credit Line with Incentives (assigned with a separate EBRD project number 57446). The Facility will be delivered in three tranches, with Tranche A committed and Tranche B and C uncommitted. Under the Resilience and Livelihoods Framework, sub-loans will finance broad working capital and investment needs of Ukrainian private businesses operating in key sectors supporting the livelihoods of Ukrainian businesses. Under the EU4Business-EBRD Credit Line with Incentives, sub-loans will finance long-term investments of micro, small and medium-sized enterprises (MSMEs). This will enable financing of long-term capital investments of MSMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of the sub-limit), thereby enhancing their competitiveness. Eligible sub-borrowers will also receive technical assistance funded by the EU and grant support in the form of investment incentives upon the completion of their investment projects. Priority support will be given to targeted and vulnerable categories of sub-borrowers, including, among others, MSMEs with war-related asset damage, veteran-led businesses, enterprises supporting the reintegration of internally displaced persons and persons with disabilities, as well as women-led and youth-led businesses. The Facility will be used to support lending to Ukrainian private companies operating in the primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in Ukraine.European Bank for Reconstruction and DevelopmentOSCHADBANK JSC (STATE SAVINGS BANK OF UKRAINE)European Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.52384500000045000000OSCHADBANK JSC (STATE SAVINGS BANK OF UKRAINE)PRIVATEPRIVATEPRIVATEA Resilience and Livelihoods Guarantee ("RLG") in the form of an unfunded risk sharing instrument (the "Facility") partly covering the credit risk of new sub-loans with a total value of up to EUR 510 million equivalent (the "Covered Portfolio") to be originated by JSC "State Savings Bank of Ukraine" ("Oschadbank", "OB", the "PFI") in Ukraine. The Facility will include two sub-limits with the Covered Portfolio of: (i) EUR 442 million under the Resilience and Livelihoods Framework, and (ii) EUR 68 million under the EU4Business-EBRD Credit Line with Incentives (assigned with a separate EBRD project number 57446). The Facility will be delivered in three tranches, with Tranche A committed and Tranche B and C uncommitted. Under the Resilience and Livelihoods Framework, sub-loans will finance broad working capital and investment needs of Ukrainian private businesses operating in key sectors supporting the livelihoods of Ukrainian businesses. Under the EU4Business-EBRD Credit Line with Incentives, sub-loans will finance long-term investments of micro, small and medium-sized enterprises (MSMEs). This will enable financing of long-term capital investments of MSMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of the sub-limit), thereby enhancing their competitiveness. Eligible sub-borrowers will also receive technical assistance funded by the EU and grant support in the form of investment incentives upon the completion of their investment projects. Priority support will be given to targeted and vulnerable categories of sub-borrowers, including, among others, MSMEs with war-related asset damage, veteran-led businesses, enterprises supporting the reintegration of internally displaced persons and persons with disabilities, as well as women-led and youth-led businesses. The Facility will be used to support lending to Ukrainian private companies operating in the primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57445XI-IATI-EBRD-51332European Bank for Reconstruction and DevelopmentThe EBRD and Intrum Holding AB jointly invested in an unsecured non-performing exposure (NPE) portfolio, originated by Piraeus Bank, one of the leading banking groups in Greece. The portfolio consists of approximately 53,000 loans with total legal claims of about €1.7 billion and a gross book value of €0.7 billion. The portfolio was acquired through a special purpose company, Iris Hellas Investments Designated Activity Company (DAC), while management of the portfolio was assigned to Intrum Hellas (the "Servicer"). As of September 2020, NPEs in Greece stood at €63.5 billion, representing 35.3 per cent of total exposures. The project will further support the stability of the Greek banking sector, helping to reduce the current number of total exposures by Greek banks, in line with the reduction targets agreed with the supervisory authorities.European Bank for Reconstruction and DevelopmentIRIS HELLAS INVESTMENTS DESIGNATED ACTIVITY COMPANYEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATHENS37.98376 23.72784300IRIS HELLAS INVESTMENTS DESIGNATED ACTIVITY COMPANY10650625IRIS HELLAS INVESTMENTS DESIGNATED ACTIVITY COMPANYPRIVATEPRIVATEPRIVATEThe EBRD and Intrum Holding AB jointly invested in an unsecured non-performing exposure (NPE) portfolio, originated by Piraeus Bank, one of the leading banking groups in Greece. The portfolio consists of approximately 53,000 loans with total legal claims of about €1.7 billion and a gross book value of €0.7 billion. The portfolio was acquired through a special purpose company, Iris Hellas Investments Designated Activity Company (DAC), while management of the portfolio was assigned to Intrum Hellas (the "Servicer"). As of September 2020, NPEs in Greece stood at €63.5 billion, representing 35.3 per cent of total exposures. The project will further support the stability of the Greek banking sector, helping to reduce the current number of total exposures by Greek banks, in line with the reduction targets agreed with the supervisory authorities. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51332XI-IATI-EBRD-54136European Bank for Reconstruction and DevelopmentThe Project comprises financing of MHP's seasonal working capital needs for its edible oil crushing segment in Ukraine. The main objective of the Project is to enable sufficient financing to cover the procurement and accumulation of sunflower seeds for crushing into oil for subsequent export.European Bank for Reconstruction and DevelopmentMHP FOOD TRADING LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.523876823090.82MHP FOOD TRADING LLCPRIVATEPRIVATEPRIVATEThe Project comprises financing of MHP's seasonal working capital needs for its edible oil crushing segment in Ukraine. The main objective of the Project is to enable sufficient financing to cover the procurement and accumulation of sunflower seeds for crushing into oil for subsequent export. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54136XI-IATI-EBRD-54476European Bank for Reconstruction and DevelopmentResilience and Livelihoods Guarantee (RLG) sub-limit under the Resilience and Livelihoods Framework in the form of an unfunded portfolio risk-sharing instrument in the amount of up to €6.375 million (in two equal tranches). The guarantee covers up to 50 per cent of the credit risk in newly originated sub-loans with the total value of € 25.5 million equivalent (the "Covered Portfolio") subject to total 50 per cent of portfolio cap. The instrument has a maximum tenor of up to 2 years. The facility will be used to support lending to Ukrainian private companies (predominantly MSMEs) operating in the primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in Ukraine.European Bank for Reconstruction and DevelopmentBANK LVIV JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGLVIV49.83826 24.0232463750006375000BANK LVIV JSCPRIVATEPRIVATEPRIVATEResilience and Livelihoods Guarantee (RLG) sub-limit under the Resilience and Livelihoods Framework in the form of an unfunded portfolio risk-sharing instrument in the amount of up to €6.375 million (in two equal tranches). The guarantee covers up to 50 per cent of the credit risk in newly originated sub-loans with the total value of € 25.5 million equivalent (the "Covered Portfolio") subject to total 50 per cent of portfolio cap. The instrument has a maximum tenor of up to 2 years. The facility will be used to support lending to Ukrainian private companies (predominantly MSMEs) operating in the primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54476XI-IATI-EBRD-55620European Bank for Reconstruction and DevelopmentA senior loan of up to EUR 10M in favour of Winner Leasing LLC ("WL") , and will be used to support an independent private leasing service provider in Ukraine. The loan will be provided under the Resilience and Livelihoods Framework. The Project will help WL to maintain a sustainable funding base during the crisis and provide continued access to finance private SMEs affected by the ongoing war on Ukraine.European Bank for Reconstruction and DevelopmentWINNER LEASING LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.523810000003000000WINNER LEASING LLCPRIVATEPRIVATEPRIVATEA senior loan of up to EUR 10M in favour of Winner Leasing LLC ("WL") , and will be used to support an independent private leasing service provider in Ukraine. The loan will be provided under the Resilience and Livelihoods Framework. The Project will help WL to maintain a sustainable funding base during the crisis and provide continued access to finance private SMEs affected by the ongoing war on Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55620XI-IATI-EBRD-54652European Bank for Reconstruction and DevelopmentEUR 60 million senior secured loan in favour of Lan-Oil LLC (the "Company"), a limited liability company established in Ukraine. The loan will enable the Company to build the first greenfield, privately owned, biofuels project in the Ukrainian energy sector since the beginning of the war. The Project is sponsored by JSC Concern Galnaftogaz and OKKO Group, a leading distributor of transportation fuels in Ukraine. The Project will contribute to Ukraine's energy security and energy sector decarbonisation by building a domestic source of fuel supply with 70% lower GHG emissions vs traditional fuel. The biofuel produced as a result of the Project is expected to be compliant with the EU Renewable Energy Directive (RED III).European Bank for Reconstruction and DevelopmentLAN-OIL LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGLANIVTSI49.86328 26.090826000000060000000LAN-OIL LLCPRIVATEPRIVATEPRIVATEEUR 60 million senior secured loan in favour of Lan-Oil LLC (the "Company"), a limited liability company established in Ukraine. The loan will enable the Company to build the first greenfield, privately owned, biofuels project in the Ukrainian energy sector since the beginning of the war. The Project is sponsored by JSC Concern Galnaftogaz and OKKO Group, a leading distributor of transportation fuels in Ukraine. The Project will contribute to Ukraine's energy security and energy sector decarbonisation by building a domestic source of fuel supply with 70% lower GHG emissions vs traditional fuel. The biofuel produced as a result of the Project is expected to be compliant with the EU Renewable Energy Directive (RED III). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54652XI-IATI-EBRD-53622European Bank for Reconstruction and DevelopmentThe proceeds of the Bank's loan and the grant funds will be used to (i) expand and improve City's public passenger transport and (ii) reduce the energy consumption and carbon footprint of the street lighting system, while enhancing road security and safety at night by improving the quality of street lighting. The Project envisages: (i) purchase of approximately 22 battery trolleybuses, with autonomous propulsion for up to 20 kilometres, for an estimated amount of up to EUR 5.8 million, and (ii) modernisation of street lighting on priority streets, for an estimated amount of up to EUR 1.2 million. The Project will promote resource efficiency and reduce CO2 emissions and other pollutants in the city by expanding the energy-efficient trolleybus service, as well as supporting route flexibility and resilience due to innovative autonomous battery. This enables the trolleybus to drive around potential accidents/roadworks, deliver mobility to areas without overhead lines, and also continue safe operations in the case of a grid failures where overhead charging is not available. It will also improve energy efficiency in the city by modernising its street lighting infrastructure.European Bank for Reconstruction and DevelopmentCITY OF BALTIEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBALTI47.76314 27.929324600000CITY OF BALTI1522710CITY OF BALTI3077290CITY OF BALTISTATESTATESTATESTATEThe proceeds of the Bank's loan and the grant funds will be used to (i) expand and improve City's public passenger transport and (ii) reduce the energy consumption and carbon footprint of the street lighting system, while enhancing road security and safety at night by improving the quality of street lighting. The Project envisages: (i) purchase of approximately 22 battery trolleybuses, with autonomous propulsion for up to 20 kilometres, for an estimated amount of up to EUR 5.8 million, and (ii) modernisation of street lighting on priority streets, for an estimated amount of up to EUR 1.2 million. The Project will promote resource efficiency and reduce CO2 emissions and other pollutants in the city by expanding the energy-efficient trolleybus service, as well as supporting route flexibility and resilience due to innovative autonomous battery. This enables the trolleybus to drive around potential accidents/roadworks, deliver mobility to areas without overhead lines, and also continue safe operations in the case of a grid failures where overhead charging is not available. It will also improve energy efficiency in the city by modernising its street lighting infrastructure. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53622XI-IATI-EBRD-46411European Bank for Reconstruction and DevelopmentProvision of a EUR 160 million sovereign loan to Ukraine (co-financed with a sovereign loan to Ukraine from the EIB for the same amount). The proceeds will be used to finance the extension of Metro Line III in Kharkiv by 3.5 km to the southern districts of the city and construction of two stations, construction of a new depot and connecting rail and the purchase of rolling stock to service the extended line. Kharkiv is Ukraine's second largest municipality and a major industrial centre. The project will address key challenges in the public transport infrastructure development of the city of Kharkiv, including improving access to clean urban transport and increasing the capacity and efficiency of public transport services. The investment is expected to result in significant economic and environmental benefits through the expansion of clean, zero-emission urban rail mass transit as the backbone of Kharkiv's public transport system to ensure sustainable mobility.European Bank for Reconstruction and DevelopmentUKRAINE SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKHARKIV49.98081 36.25272157649900160000000UKRAINE SOVEREIGN1600000UKRAINE SOVEREIGN750100UKRAINE SOVEREIGNSTATESTATESTATESTATEProvision of a EUR 160 million sovereign loan to Ukraine (co-financed with a sovereign loan to Ukraine from the EIB for the same amount). The proceeds will be used to finance the extension of Metro Line III in Kharkiv by 3.5 km to the southern districts of the city and construction of two stations, construction of a new depot and connecting rail and the purchase of rolling stock to service the extended line. Kharkiv is Ukraine's second largest municipality and a major industrial centre. The project will address key challenges in the public transport infrastructure development of the city of Kharkiv, including improving access to clean urban transport and increasing the capacity and efficiency of public transport services. The investment is expected to result in significant economic and environmental benefits through the expansion of clean, zero-emission urban rail mass transit as the backbone of Kharkiv's public transport system to ensure sustainable mobility. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/46411XI-IATI-EBRD-53639European Bank for Reconstruction and DevelopmentThe European Bank for Reconstruction and Development ("EBRD" or the "Bank") is supporting Greece's digital transition with a €150 million investment in Hellenic Telecommunications Organisation S.A. ("OTE" or the "Company") to support the implementation of an up to EUR 187.5 million investment programme for the deployment of fibre broadband infrastructure by 2027. The project is the first under the EBRD's Greek Recovery and Resilience Facility ("RRF") Co-Financing Framework implemented as part of the "Greece 2.0" National Recovery and Resilience Plan, funded by the European Union's NextGenerationEU programme. The €150 million loan consists of a €56.25 million tranche provided from the Bank's own resources and a €93.75 million tranche financed by the EU's RRF and channelled via the Greek Ministry of Finance, while the remaining €37.5 million of the investment are covered by OTE's own resources. The funds will enable OTE to finance part of its rollout of "fibre to the home" (FTTH) broadband infrastructure to approximately 371,000 households and businesses in 12 regions outside of Greece's major cities, improving access to connectivity and high-speed broadband, and promoting regional inclusion. The project aligns fully with the RRF digital transformation pillar, while FTTH technology is nearly 40 per cent more energy efficient than traditional copper network cabling technology (ADSL) per unit of data transmitted. The transaction will therefore lead to significant reductions in greenhouse gas emissions and contribute to the green transition of Greece's economy.European Bank for Reconstruction and DevelopmentHELLENIC TELECOMMUNICATIONS ORGANIZATION SA (OTE)European Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATHENS37.98376 23.7278456250000HELLENIC TELECOMMUNICATIONS ORGANIZATION SA (OTE)PRIVATEPRIVATEPRIVATEThe European Bank for Reconstruction and Development ("EBRD" or the "Bank") is supporting Greece's digital transition with a €150 million investment in Hellenic Telecommunications Organisation S.A. ("OTE" or the "Company") to support the implementation of an up to EUR 187.5 million investment programme for the deployment of fibre broadband infrastructure by 2027. The project is the first under the EBRD's Greek Recovery and Resilience Facility ("RRF") Co-Financing Framework implemented as part of the "Greece 2.0" National Recovery and Resilience Plan, funded by the European Union's NextGenerationEU programme. The €150 million loan consists of a €56.25 million tranche provided from the Bank's own resources and a €93.75 million tranche financed by the EU's RRF and channelled via the Greek Ministry of Finance, while the remaining €37.5 million of the investment are covered by OTE's own resources. The funds will enable OTE to finance part of its rollout of "fibre to the home" (FTTH) broadband infrastructure to approximately 371,000 households and businesses in 12 regions outside of Greece's major cities, improving access to connectivity and high-speed broadband, and promoting regional inclusion. The project aligns fully with the RRF digital transformation pillar, while FTTH technology is nearly 40 per cent more energy efficient than traditional copper network cabling technology (ADSL) per unit of data transmitted. The transaction will therefore lead to significant reductions in greenhouse gas emissions and contribute to the green transition of Greece's economy. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53639XI-IATI-EBRD-53998European Bank for Reconstruction and DevelopmentProvision of up to EUR 21.7 million in P&E Investments Axiopoiisis & Anaptyxis Akiniton SA (the "Consortium"), alongside the Bank's existing client Dimand SA ("Dimand") and Premia Properties REIC ("Premia"). The Consortium will acquire a 65% stake in Skyline Real Estate Single Member SA (the "Company" or "Skyline") with the seller, Alpha Bank, maintaining the remaining 35%. Skyline will own a portfolio of ca. 460 real estate assets across different uses, location, size and condition (the "Project"). Skyline is a portfolio of diverse types of assets which requires segmented strategic approach to deliver value creation. The Consortium, having experience in investing, repositioning and managing similar assets, joined forces in a strategic partnership with Alpha Bank to optimise the portfolio through redevelopment, repositioning, leasing/releasing and/or disposing assets with the objective of creating an institutional portfolio comprising high quality, prime-location assets, of good commercial characteristics, prime tenants, efficient operation and sustainable returns. The Project contributes to the expansion of the private sector and promotes sustainable developments in the evolving real estate sector in Greece, supporting greater energy and resource efficiency, climate resilience and decarbonisation through direct engagement with private clients.European Bank for Reconstruction and DevelopmentP AND E INVESTMENTS AXIOPOIISIS AND ANATYXIS AKINITON SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATHENS37.98376 23.7278414344449.1621668457P AND E INVESTMENTS AXIOPOIISIS AND ANATYXIS AKINITON SAPRIVATEPRIVATEPRIVATEProvision of up to EUR 21.7 million in P&E Investments Axiopoiisis & Anaptyxis Akiniton SA (the "Consortium"), alongside the Bank's existing client Dimand SA ("Dimand") and Premia Properties REIC ("Premia"). The Consortium will acquire a 65% stake in Skyline Real Estate Single Member SA (the "Company" or "Skyline") with the seller, Alpha Bank, maintaining the remaining 35%. Skyline will own a portfolio of ca. 460 real estate assets across different uses, location, size and condition (the "Project"). Skyline is a portfolio of diverse types of assets which requires segmented strategic approach to deliver value creation. The Consortium, having experience in investing, repositioning and managing similar assets, joined forces in a strategic partnership with Alpha Bank to optimise the portfolio through redevelopment, repositioning, leasing/releasing and/or disposing assets with the objective of creating an institutional portfolio comprising high quality, prime-location assets, of good commercial characteristics, prime tenants, efficient operation and sustainable returns. The Project contributes to the expansion of the private sector and promotes sustainable developments in the evolving real estate sector in Greece, supporting greater energy and resource efficiency, climate resilience and decarbonisation through direct engagement with private clients. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53998XI-IATI-EBRD-55027European Bank for Reconstruction and DevelopmentProvision of EUR 3,900,000 for the design, development, financing, construction, commissioning, operation and maintenance of a 10MW solar photovoltaic (PV) power plant (SPP) located in Feriana town in Tunisia. Project B is 39% owned by Qair International ("Qair", the "Sponsor") and 61% by Mazarine Energy BV during construction. Post construction, Project B will be majority owned by Qair and Mazarine will retain a participation. The Project is considered alongside another 10MW SPP co-located and with the same Sponsor (see Qair Solar - Project A). Tunisia aims at lessening dependence on fossil fuels by diversifying its energy mix, and development of renewable energy is therefore a key priority for the country. Further, the Project will be among the first solar projects realized by the private developer Qair, under the authorization regime in Tunisia.European Bank for Reconstruction and DevelopmentCENTRALE SOLAIRE FERIANA CEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTUNIS36.81897 10.165793879000CENTRALE SOLAIRE FERIANA CPRIVATEPRIVATEPRIVATEProvision of EUR 3,900,000 for the design, development, financing, construction, commissioning, operation and maintenance of a 10MW solar photovoltaic (PV) power plant (SPP) located in Feriana town in Tunisia. Project B is 39% owned by Qair International ("Qair", the "Sponsor") and 61% by Mazarine Energy BV during construction. Post construction, Project B will be majority owned by Qair and Mazarine will retain a participation. The Project is considered alongside another 10MW SPP co-located and with the same Sponsor (see Qair Solar - Project A). Tunisia aims at lessening dependence on fossil fuels by diversifying its energy mix, and development of renewable energy is therefore a key priority for the country. Further, the Project will be among the first solar projects realized by the private developer Qair, under the authorization regime in Tunisia. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55027XI-IATI-EBRD-51912European Bank for Reconstruction and DevelopmentThe proposed transaction under the NPL Resolution Framework (the "Framework") is for EBRD to subscribe to newly issued shares of AxFina Holding SA. Through the proposed transaction, the Bank will support a promising NPL servicer in (i) furthering growth and consolidation of NPL servicing business in their existing markets, (ii) expanding the knowledge and expertise into new markets and (iii) streamlining and digitalising debt collections in our region for greater consumer and regulatory transparencyEuropean Bank for Reconstruction and DevelopmentAXFINA HOLDING SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATHENS37.98376 23.72784ZAGREB45.81444 15.97798BUDAPEST47.49835 19.04045BUCHAREST44.43225 26.10626BELGRADE44.80401 20.46513LJUBLJANA46.05108 14.505136240000AXFINA HOLDING SAPRIVATEPRIVATEPRIVATEThe proposed transaction under the NPL Resolution Framework (the "Framework") is for EBRD to subscribe to newly issued shares of AxFina Holding SA. Through the proposed transaction, the Bank will support a promising NPL servicer in (i) furthering growth and consolidation of NPL servicing business in their existing markets, (ii) expanding the knowledge and expertise into new markets and (iii) streamlining and digitalising debt collections in our region for greater consumer and regulatory transparency For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51912XI-IATI-EBRD-55058European Bank for Reconstruction and DevelopmentThe project refers to a EUR 15 million subscription in a EUR 100 million 5-year senior unsecured bond issued by Ideal Holdings ("Ideal" or the "Issuer"). The bond is listed on the regulated Debt Segment Market of the Athens Stock Exchange. The transaction was submitted as a sub-operation under the Greek Corporate Bonds Framework III. Bond proceeds will be directed towards: (i) repayment of a loan raised to fund the acquisition of the department stores business and the repayment of existing bank debt, as well as (ii) funding future acquisitions. As part of the Bank's engagement, the Issuer committed to GET-eligible renewable energy investments of at least 3 MWp generation capacity, sourcing energy to cover a large part of the annual energy needs of its manufacturing segment.European Bank for Reconstruction and DevelopmentIDEAL HOLDINGS SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATHENS37.98376 23.7278415000000IDEAL HOLDINGS SAPRIVATEPRIVATEPRIVATEThe project refers to a EUR 15 million subscription in a EUR 100 million 5-year senior unsecured bond issued by Ideal Holdings ("Ideal" or the "Issuer"). The bond is listed on the regulated Debt Segment Market of the Athens Stock Exchange. The transaction was submitted as a sub-operation under the Greek Corporate Bonds Framework III. Bond proceeds will be directed towards: (i) repayment of a loan raised to fund the acquisition of the department stores business and the repayment of existing bank debt, as well as (ii) funding future acquisitions. As part of the Bank's engagement, the Issuer committed to GET-eligible renewable energy investments of at least 3 MWp generation capacity, sourcing energy to cover a large part of the annual energy needs of its manufacturing segment. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55058XI-IATI-EBRD-53741European Bank for Reconstruction and DevelopmentProvision of an up to EUR 10 million loan to A. Hatzopoulos SA ("Hatzopoulos" or the "Company") in Greece. The proposed transaction is presented as the second sub-operation under EBRD's Greek Recovery and Resilience Facility Co-Financing Framework. The loan will be structured in two tranches, where up to EUR 3.75 million will be provided by EBRD's own funds and up to EUR 6.25 million will be channelled through the Greek RRF Corporate Loan Facility. The Project addresses the strategic directions of the Country Strategy for Greece, where special focus is put on "Strengthening the capacity of corporates and SMEs to add value" and is in line with Greece's Recovery and Resilience Plan ("RRP or "Greece 2.0") in supporting extroverted enterprises and their green transition. The project will finance the investment program of Hatzopoulos with respect to energy efficiency capex and R&D expenditures, enabling the Company's transition to more recyclable and sustainable products through the acquisition of new machinery and an R&D programme focused on circular economy (the "Project").European Bank for Reconstruction and DevelopmentATHANASIOS HATZOPOULOS PACKAGING MATERIALS INDUSTRY SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTHESSALONIKI40.64361 22.930863750000ATHANASIOS HATZOPOULOS PACKAGING MATERIALS INDUSTRY SAPRIVATEPRIVATEPRIVATEProvision of an up to EUR 10 million loan to A. Hatzopoulos SA ("Hatzopoulos" or the "Company") in Greece. The proposed transaction is presented as the second sub-operation under EBRD's Greek Recovery and Resilience Facility Co-Financing Framework. The loan will be structured in two tranches, where up to EUR 3.75 million will be provided by EBRD's own funds and up to EUR 6.25 million will be channelled through the Greek RRF Corporate Loan Facility. The Project addresses the strategic directions of the Country Strategy for Greece, where special focus is put on "Strengthening the capacity of corporates and SMEs to add value" and is in line with Greece's Recovery and Resilience Plan ("RRP or "Greece 2.0") in supporting extroverted enterprises and their green transition. The project will finance the investment program of Hatzopoulos with respect to energy efficiency capex and R&D expenditures, enabling the Company's transition to more recyclable and sustainable products through the acquisition of new machinery and an R&D programme focused on circular economy (the "Project"). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53741XI-IATI-EBRD-56054European Bank for Reconstruction and DevelopmentAn equity commitment of up to EUR 25 million in Elikonos 3 S.C.A. SICAV-RAIF (the "Fund"). The general partner of the Fund will be Elikonos 3 GP S.a r.l. (the "General Partner"), incorporated in Luxembourg. The Fund will invest via equity and convertible bonds in Greek SMEs and Small Mid-Caps with high-growth potential and funding needs for expansion, following a generalist investment strategy while selectively incorporating ESG criteria.European Bank for Reconstruction and DevelopmentELIKONOS 3 SCA SICAV-RAIFEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATHENS37.98376 23.7278419915098.3225000000ELIKONOS 3 SCA SICAV-RAIFPRIVATEPRIVATEPRIVATEAn equity commitment of up to EUR 25 million in Elikonos 3 S.C.A. SICAV-RAIF (the "Fund"). The general partner of the Fund will be Elikonos 3 GP S.a r.l. (the "General Partner"), incorporated in Luxembourg. The Fund will invest via equity and convertible bonds in Greek SMEs and Small Mid-Caps with high-growth potential and funding needs for expansion, following a generalist investment strategy while selectively incorporating ESG criteria. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56054XI-IATI-EBRD-53240European Bank for Reconstruction and DevelopmentEquity investment of EUR 75.15 million in Public Power Corporation S.A. (the "Company" or "PPC"), the Greek state-owned energy utility. The investment constitutes part of a EUR 1,350 million share capital increase of PPC. This is envisaged to reduce the state's shareholding from 51% to a minority position of around 34%. The operation will enable the Company to i) accelerate its expansion into renewable energy, digitalisation and e-mobility and ii) support the privatisation of PPC. Both elements further support one of the most ambitious green energy transition and corporate transformations in Europe, that includes an ambitious decarbonisation pathway aiming to transform PPC from a heavily coal dependent to a modern green, digitalised utility.European Bank for Reconstruction and DevelopmentPUBLIC POWER CORPORATION SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATHENS37.98376 23.7278475150000PUBLIC POWER CORPORATION SAPRIVATEPRIVATEPRIVATEEquity investment of EUR 75.15 million in Public Power Corporation S.A. (the "Company" or "PPC"), the Greek state-owned energy utility. The investment constitutes part of a EUR 1,350 million share capital increase of PPC. This is envisaged to reduce the state's shareholding from 51% to a minority position of around 34%. The operation will enable the Company to i) accelerate its expansion into renewable energy, digitalisation and e-mobility and ii) support the privatisation of PPC. Both elements further support one of the most ambitious green energy transition and corporate transformations in Europe, that includes an ambitious decarbonisation pathway aiming to transform PPC from a heavily coal dependent to a modern green, digitalised utility. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53240XI-IATI-EBRD-53779European Bank for Reconstruction and DevelopmentThe EBRD invested EUR 65 million (13% of the issuance amount) in a Green Covered Bond (""GCB" or the Bond") issuance of PKO BH, as part of an international issuance of EUR 500 million, that will be listed on the Luxembourg and Warsaw Stock Exchanges. This was the first international GCB issuance by a Polish bank and the first such out of the EBRD's EU countries of operation. The bond issuance is in line with the International Capital Market Association's ("ICMA") Green Bond Principles ("GBP") and Climate Bonds Standard, as verified by a second party opinion ("SPO") before subscription. The Bond has a maturity of 3 years. The Project promotes green financial intermediation through supporting green covered bond issuances of the largest mortgage bank in Poland. It also contributes to the capital market development in Poland and the resilience of the important financial institution in the country.European Bank for Reconstruction and DevelopmentPKO BANK HIPOTECZNY SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.01178154578548.06PKO BANK HIPOTECZNY SAPRIVATEPRIVATEPRIVATEThe EBRD invested EUR 65 million (13% of the issuance amount) in a Green Covered Bond (""GCB" or the Bond") issuance of PKO BH, as part of an international issuance of EUR 500 million, that will be listed on the Luxembourg and Warsaw Stock Exchanges. This was the first international GCB issuance by a Polish bank and the first such out of the EBRD's EU countries of operation. The bond issuance is in line with the International Capital Market Association's ("ICMA") Green Bond Principles ("GBP") and Climate Bonds Standard, as verified by a second party opinion ("SPO") before subscription. The Bond has a maturity of 3 years. The Project promotes green financial intermediation through supporting green covered bond issuances of the largest mortgage bank in Poland. It also contributes to the capital market development in Poland and the resilience of the important financial institution in the country. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53779XI-IATI-EBRD-45199European Bank for Reconstruction and DevelopmentFinancing the infrastructure of an integrated health campus, a public private project (PPP), in the province of Gaziantep, Turkey pursuant to a 28 years concession awarded by Turkey's Ministry of Health. The project will include the design, construction equipment and maintenance of the health campus. Under this PPP structure, the Concessionaire will supply and maintain the hospital facilities, while the provision of medical care and services will remain the responsibility of the Ministry of Health. Total Project Costs are estimated at ca. EUR 600 million. EBRD will assist in increasing private sector participation in the hospital infrastructure sector in Turkey. In response to the need for large capacity investments in healthcare systems, governments are seeking to tap private sector resources and know-how to construct and manage infrastructure related facilities more rapidly and more efficiently, while medical service provision remains under the responsibility of the state. EBRD will demonstrate new ways of financing by promoting the participation of untapped investor classes in the Turkish Hospital Facilities Management PPP Programme, focusing on institutional investors and international strategic investors (Samsung C&T and Salini).European Bank for Reconstruction and DevelopmentGAZIANTEP HASTANE SAGLIK HIZMETLERI ISLETME YATIRIM ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGGAZIANTEP37.05944 37.382580000000GAZIANTEP HASTANE SAGLIK HIZMETLERI ISLETME YATIRIM ASPRIVATEPRIVATEPRIVATEFinancing the infrastructure of an integrated health campus, a public private project (PPP), in the province of Gaziantep, Turkey pursuant to a 28 years concession awarded by Turkey's Ministry of Health. The project will include the design, construction equipment and maintenance of the health campus. Under this PPP structure, the Concessionaire will supply and maintain the hospital facilities, while the provision of medical care and services will remain the responsibility of the Ministry of Health. Total Project Costs are estimated at ca. EUR 600 million. EBRD will assist in increasing private sector participation in the hospital infrastructure sector in Turkey. In response to the need for large capacity investments in healthcare systems, governments are seeking to tap private sector resources and know-how to construct and manage infrastructure related facilities more rapidly and more efficiently, while medical service provision remains under the responsibility of the state. EBRD will demonstrate new ways of financing by promoting the participation of untapped investor classes in the Turkish Hospital Facilities Management PPP Programme, focusing on institutional investors and international strategic investors (Samsung C&T and Salini). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/45199XI-IATI-EBRD-46249European Bank for Reconstruction and DevelopmentThe EBRD together with the World Bank's Multilateral Insurance Guarantee Agency ("MIGA") has provided a joint credit enhancement scheme to enable the issuance of the first greenfield infrastructure project bond in Turkey. ELZ Finance S.A. (the "Issuer") issued EUR 288 million of privately placed, euro-denominated senior secured bonds and on-lent the proceeds to its sister company ELZ Saglik Yatirim A.S. (the "Project Company"). The Project Company was awarded the 28 year concession by the Turkish Ministry of Health to design, build, finance, equip, and maintain an integrated hospital campus in Elazig with 1,038 beds - Elazig Integrated Health Campus PPP (the "Project"). The Project is part of the Hospital Facilities Management PPP Programme ("Programme") developed by the Turkish Government. The investment grade enhanced project bond tranche benefits from the support of two unfunded subordinated liquidity facilities provided by EBRD combined with political risk insurance ("PRI") policy provided by MIGA. The credit enhancement scheme has enabled Moody's to assign a Baa2 rating, two notches above the current sovereign rating of Turkey. The issuance has also been certified as "green and social bond" by Vigeo EIRIS. The International Finance Corporation ("IFC"), a member of the World Bank Group, has invested on a parallel basis in an unenhanced tranche of the bond. EBRD is demonstrating new ways of financing by promoting the participation of untapped investor classes in the sector, thereby enabling the diversification of funding sources and providing depth to the Programme. EBRD is also promoting the introduction of non-conventional funding solutions to finance infrastructure projects in the Bank's region, in particular debt capital market financing. EBRD is also assisting in increasing private sector participation in the hospital infrastructure sector in Turkey. In response to the need for large capacity investments in healthcare systems, governments are seeking to tap private sector resources and know-how to construct and manage infrastructure related facilities more rapidly and more efficiently, while medical service provision remains under the responsibility of the State.European Bank for Reconstruction and DevelopmentELZ FINANCE SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANKARA39.91987 32.854275250000088965951.9ELZ FINANCE SAPRIVATEPRIVATEPRIVATEThe EBRD together with the World Bank's Multilateral Insurance Guarantee Agency ("MIGA") has provided a joint credit enhancement scheme to enable the issuance of the first greenfield infrastructure project bond in Turkey. ELZ Finance S.A. (the "Issuer") issued EUR 288 million of privately placed, euro-denominated senior secured bonds and on-lent the proceeds to its sister company ELZ Saglik Yatirim A.S. (the "Project Company"). The Project Company was awarded the 28 year concession by the Turkish Ministry of Health to design, build, finance, equip, and maintain an integrated hospital campus in Elazig with 1,038 beds - Elazig Integrated Health Campus PPP (the "Project"). The Project is part of the Hospital Facilities Management PPP Programme ("Programme") developed by the Turkish Government. The investment grade enhanced project bond tranche benefits from the support of two unfunded subordinated liquidity facilities provided by EBRD combined with political risk insurance ("PRI") policy provided by MIGA. The credit enhancement scheme has enabled Moody's to assign a Baa2 rating, two notches above the current sovereign rating of Turkey. The issuance has also been certified as "green and social bond" by Vigeo EIRIS. The International Finance Corporation ("IFC"), a member of the World Bank Group, has invested on a parallel basis in an unenhanced tranche of the bond. EBRD is demonstrating new ways of financing by promoting the participation of untapped investor classes in the sector, thereby enabling the diversification of funding sources and providing depth to the Programme. EBRD is also promoting the introduction of non-conventional funding solutions to finance infrastructure projects in the Bank's region, in particular debt capital market financing. EBRD is also assisting in increasing private sector participation in the hospital infrastructure sector in Turkey. In response to the need for large capacity investments in healthcare systems, governments are seeking to tap private sector resources and know-how to construct and manage infrastructure related facilities more rapidly and more efficiently, while medical service provision remains under the responsibility of the State. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/46249XI-IATI-EBRD-53112European Bank for Reconstruction and DevelopmentAn equity commitment of up to EUR 40 million in favour of Resource Eastern European Equity Partners III SCA SICAV-RAIF (the "Fund"). The fund will seek to make equity and equity-related investments in small and medium-sized enterprises ("SME"s) and lower mid-cap companies with the objective of achieving long-term capital growth. It will invest in Poland and also in selected opportunities in other central and eastern European countries including Romania and the Baltic states.European Bank for Reconstruction and DevelopmentRESOURCE EASTERN EUROPEAN EQUITY PARTNERS III SCA SICAV-RAIFEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.01178BUCHAREST44.43225 26.106263584099.9940000000RESOURCE EASTERN EUROPEAN EQUITY PARTNERS III SCA SICAV-RAIFPRIVATEPRIVATEPRIVATEAn equity commitment of up to EUR 40 million in favour of Resource Eastern European Equity Partners III SCA SICAV-RAIF (the "Fund"). The fund will seek to make equity and equity-related investments in small and medium-sized enterprises ("SME"s) and lower mid-cap companies with the objective of achieving long-term capital growth. It will invest in Poland and also in selected opportunities in other central and eastern European countries including Romania and the Baltic states. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53112XI-IATI-EBRD-54567European Bank for Reconstruction and DevelopmentUp to EUR 32 million sovereign loan to the Republic of Moldova, to be on-lent to Moldelectrica, for the (i) construction of a high-voltage electricity transmission line between the city of Balti on the Moldovan territory and the Romanian border, (ii) construction of Balti 400kV substation, and (iii) rehabilitation of the existing domestic power transmission network of Moldova (collectively, the "Project"). Total Project cost of EUR 80 million will be co-financed by a parallel loan from the European Investment Bank ("EIB") of EUR 32 million and the EUR 16 million EU Neighbourhood Investment Platform ("EU NIP") grant. The EU NIP grant will be repurposed from the larger grant approved under the EBRD'sMoldova Romania Power Interconnection Phase I following the cancellation of the undrawn amounts under the project. The Project will improve the energy security for Moldova by accelerating the ongoing integration with ENTSO-E and accelerate the development of regional integration as Moldova will introduce a new route for electricity exchange, potentially earning transit fees from transactions between Romania and Ukraine through constructing a new interconnection line with Romania. The Project will also lead to a reduction of losses in the electricity transmission network and increase the reliability of electricity supply through replacing and modernising the conceptually and physically outdated equipment. Additionally, the Project will require the Republic of Moldova to continue implementing the Power Sector Reform Action Plan ("PowerSAP"), originally developed under theMoldova Romania Power Interconnection Phase I project and agreed in close collaboration among EBRD, European Union, European Investment Bank, World Bank, Energy Community Secretariat and the Republic of Moldova, to introduce a comprehensive reform package to implement EU Third Energy Package in Moldova's electricity market.European Bank for Reconstruction and DevelopmentMOLDOVA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCHISINAU47.00556 28.857530336350.230800000MOLDOVA SOVEREIGN205787.58MOLDOVA SOVEREIGN76096.88MOLDOVA SOVEREIGN119635.16MOLDOVA SOVEREIGN62130.18MOLDOVA SOVEREIGNSTATESTATESTATESTATEUp to EUR 32 million sovereign loan to the Republic of Moldova, to be on-lent to Moldelectrica, for the (i) construction of a high-voltage electricity transmission line between the city of Balti on the Moldovan territory and the Romanian border, (ii) construction of Balti 400kV substation, and (iii) rehabilitation of the existing domestic power transmission network of Moldova (collectively, the "Project"). Total Project cost of EUR 80 million will be co-financed by a parallel loan from the European Investment Bank ("EIB") of EUR 32 million and the EUR 16 million EU Neighbourhood Investment Platform ("EU NIP") grant. The EU NIP grant will be repurposed from the larger grant approved under the EBRD'sMoldova Romania Power Interconnection Phase I following the cancellation of the undrawn amounts under the project. The Project will improve the energy security for Moldova by accelerating the ongoing integration with ENTSO-E and accelerate the development of regional integration as Moldova will introduce a new route for electricity exchange, potentially earning transit fees from transactions between Romania and Ukraine through constructing a new interconnection line with Romania. The Project will also lead to a reduction of losses in the electricity transmission network and increase the reliability of electricity supply through replacing and modernising the conceptually and physically outdated equipment. Additionally, the Project will require the Republic of Moldova to continue implementing the Power Sector Reform Action Plan ("PowerSAP"), originally developed under theMoldova Romania Power Interconnection Phase I project and agreed in close collaboration among EBRD, European Union, European Investment Bank, World Bank, Energy Community Secretariat and the Republic of Moldova, to introduce a comprehensive reform package to implement EU Third Energy Package in Moldova's electricity market. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54567XI-IATI-EBRD-54756European Bank for Reconstruction and DevelopmentThe project involves a long-term senior loan of up to EUR 60 million to Wind Power GSI Volyn LLC and Wind Power GSI Volyn 3 LLC (jointly referred to as the "Borrowers"), special purpose vehicles incorporated in Ukraine. The loan will be a part of a total senior secured debt financing, jointly prepared by the EBRD, IFC and BSTDB (jointly referred to as the "Lenders"), to finance the construction and operation of a 147 MW wind power plant in Ukraine (the "Project"). Given the war related risks, the loan will benefit from a partial first loss risk cover by the EU Ukraine Investment Framework Hi-Bar Programme. The Project will strengthen Ukraine's energy resilience by constructing a 147 MW wind power plant, the first greenfield private project in Ukraine's power sector financed by EBRD since the beginning of the war. With significant power generation capacity of Ukraine destroyed as a result of the war, this investment is crucial to address the severe energy shortfall, support Ukraine's decarbonization goals, and boost the private sector's role in further development of the renewable energy sector in the country.European Bank for Reconstruction and DevelopmentWIND POWER GSI VOLYN LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGLVIV49.83826 24.023241636067460000000WIND POWER GSI VOLYN LLCPRIVATEPRIVATEPRIVATEThe project involves a long-term senior loan of up to EUR 60 million to Wind Power GSI Volyn LLC and Wind Power GSI Volyn 3 LLC (jointly referred to as the "Borrowers"), special purpose vehicles incorporated in Ukraine. The loan will be a part of a total senior secured debt financing, jointly prepared by the EBRD, IFC and BSTDB (jointly referred to as the "Lenders"), to finance the construction and operation of a 147 MW wind power plant in Ukraine (the "Project"). Given the war related risks, the loan will benefit from a partial first loss risk cover by the EU Ukraine Investment Framework Hi-Bar Programme. The Project will strengthen Ukraine's energy resilience by constructing a 147 MW wind power plant, the first greenfield private project in Ukraine's power sector financed by EBRD since the beginning of the war. With significant power generation capacity of Ukraine destroyed as a result of the war, this investment is crucial to address the severe energy shortfall, support Ukraine's decarbonization goals, and boost the private sector's role in further development of the renewable energy sector in the country. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54756XI-IATI-EBRD-52899European Bank for Reconstruction and DevelopmentProvision of a senior loan of up to EUR 5 million to Gradska Toplana d.o.o. Karlovac (the "Client" or the "Company") consisting of 2 tranches: A) up to EUR 3 million to be committed at signing (the "Tranche A"), and B) an uncommitted tranche of up to EUR 2 million (the "Tranche B"). The Project will serve as a 'trigger' investment under the Green Cities 2 i Window II Extension 2 framework, which will help the City of Karlovac identify and address priority environmental challenges through development and implementation of a city-specific Green City Action Plan ("GCAP"). Tranche A proceeds will support a comprehensive rehabilitation of the City's DH network through the replacement of obsolete hot water pipes and shafts and implementation of SCADA to help enhance the efficiency of the heat distribution network and halve distribution network losses. In addition, the project is expected to result in an annual reduction in greenhouse gas emissions ("GHG") at the level of 3,105 tonnes of CO2 equivalent and 1.10 tons of NOx. The Tranche B investment will support the incorporation of energy from the renewable sources, which will allow for further energy savings as well as additional substantial CO2 emissions savings.European Bank for Reconstruction and DevelopmentGRADSKA TOPLANA DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKARLOVAC45.49167 15.553000000GRADSKA TOPLANA DOO2000000GRADSKA TOPLANA DOO1000000GRADSKA TOPLANA DOOSTATESTATESTATESTATEProvision of a senior loan of up to EUR 5 million to Gradska Toplana d.o.o. Karlovac (the "Client" or the "Company") consisting of 2 tranches: A) up to EUR 3 million to be committed at signing (the "Tranche A"), and B) an uncommitted tranche of up to EUR 2 million (the "Tranche B"). The Project will serve as a 'trigger' investment under the Green Cities 2 i Window II Extension 2 framework, which will help the City of Karlovac identify and address priority environmental challenges through development and implementation of a city-specific Green City Action Plan ("GCAP"). Tranche A proceeds will support a comprehensive rehabilitation of the City's DH network through the replacement of obsolete hot water pipes and shafts and implementation of SCADA to help enhance the efficiency of the heat distribution network and halve distribution network losses. In addition, the project is expected to result in an annual reduction in greenhouse gas emissions ("GHG") at the level of 3,105 tonnes of CO2 equivalent and 1.10 tons of NOx. The Tranche B investment will support the incorporation of energy from the renewable sources, which will allow for further energy savings as well as additional substantial CO2 emissions savings. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52899XI-IATI-EBRD-49356European Bank for Reconstruction and DevelopmentEBRD has made an equity commitment of EUR 25 million to Polish Enterprise Fund VIII (the "Fund"). The Fund will make equity and quasi-equity investments primarily in medium-sized companies in the countries of Central and Southeast Europe, with a primary focus on Poland. The Fund will provide: (i) a vehicle for investors to access the private equity asset class in the region; and (ii) equity and quasi-equity capital, directly and indirectly, to companies in the region.European Bank for Reconstruction and DevelopmentPOLISH ENTERPRISE FUND VIII LPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSOFIA42.69751 23.32415TALLINN59.43696 24.75353ZAGREB45.81444 15.97798BUDAPEST47.49835 19.04045VILNIUS54.68916 25.2798RIGA56.946 24.10589WARSAW52.22977 21.01178BUCHAREST44.43225 26.10626BELGRADE44.80401 20.46513LJUBLJANA46.05108 14.50513BRATISLAVA48.14816 17.10674277783.5625000000POLISH ENTERPRISE FUND VIII LPPRIVATEPRIVATEPRIVATEEBRD has made an equity commitment of EUR 25 million to Polish Enterprise Fund VIII (the "Fund"). The Fund will make equity and quasi-equity investments primarily in medium-sized companies in the countries of Central and Southeast Europe, with a primary focus on Poland. The Fund will provide: (i) a vehicle for investors to access the private equity asset class in the region; and (ii) equity and quasi-equity capital, directly and indirectly, to companies in the region. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49356XI-IATI-EBRD-55283European Bank for Reconstruction and DevelopmentIn May 2024, the EBRD invested EUR 22 million in 4NC3 senior preferred bonds issued by AS LHV Group ("LHV"), the largest domestic financial group in Estonia, as part of its EUR 300 million public issuance which was listed on Euronext Dublin. In June 2025, the EBRD invested EUR 7 million in 4NC3 senior preferred bonds issued by AS LHV Group ("LHV"), the largest domestic financial group in Estonia, as part of its EUR 60 million public issuance which was listed on Euronext Dublin. The project supports the resilience and regulatory compliance of the largest domestically-owned financial group in Estonia and contributes to capital market development. The project also delivers on the Bank's green agenda and national green economy priorities for Estonia.European Bank for Reconstruction and DevelopmentAS LHV GROUPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTALLINN59.43696 24.7535329000000AS LHV GROUPPRIVATEPRIVATEPRIVATEIn May 2024, the EBRD invested EUR 22 million in 4NC3 senior preferred bonds issued by AS LHV Group ("LHV"), the largest domestic financial group in Estonia, as part of its EUR 300 million public issuance which was listed on Euronext Dublin. In June 2025, the EBRD invested EUR 7 million in 4NC3 senior preferred bonds issued by AS LHV Group ("LHV"), the largest domestic financial group in Estonia, as part of its EUR 60 million public issuance which was listed on Euronext Dublin. The project supports the resilience and regulatory compliance of the largest domestically-owned financial group in Estonia and contributes to capital market development. The project also delivers on the Bank's green agenda and national green economy priorities for Estonia. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55283XI-IATI-EBRD-54356European Bank for Reconstruction and DevelopmentAn equity investment of up to EUR 10 million in favour of Practica Venture Capital III (the "Fund") targeting early-stage technology driven companies in Estonia, Latvia, and Lithuania. The project will form part of the Bank's Early-Stage Innovation Facility II ("ESIF II"), a EUR 200 million facility through which the EBRD selectively invests in commercially-oriented early-stage venture capital funds. The Fund will make equity and quasi-equity investments in early-stage technology driven companies in Estonia, Latvia, and Lithuania, collectively the "Target Region".European Bank for Reconstruction and DevelopmentPRACTICA VENTURE CAPITAL III KUBEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTALLINN59.43696 24.75353VILNIUS54.68916 25.2798RIGA56.946 24.105894789364.8410000000PRACTICA VENTURE CAPITAL III KUBPRIVATEPRIVATEPRIVATEAn equity investment of up to EUR 10 million in favour of Practica Venture Capital III (the "Fund") targeting early-stage technology driven companies in Estonia, Latvia, and Lithuania. The project will form part of the Bank's Early-Stage Innovation Facility II ("ESIF II"), a EUR 200 million facility through which the EBRD selectively invests in commercially-oriented early-stage venture capital funds. The Fund will make equity and quasi-equity investments in early-stage technology driven companies in Estonia, Latvia, and Lithuania, collectively the "Target Region". For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54356XI-IATI-EBRD-49912European Bank for Reconstruction and DevelopmentLong-term senior loan of up to EUR 50 million to VMG Industry FLLC, a foreign limited liability company domiciled in Belarus, to finance the capacity expansion programme at its plant in Mogilev, as well as to partly refinance its existing debt portfolio. The proposed facility will support the investment programme carried out by VMG at its particleboard and furniture plant in Mogilev. The proceeds from the EBRD loan will be allocated towards capex focusing on capacity increase in its furniture manufacturing facility, improvement of competitiveness, energy efficiency and environmental performance.European Bank for Reconstruction and DevelopmentNOVUS INDUSTRY LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGMOGILEV53.9168 30.344950000000NOVUS INDUSTRY LLCPRIVATEPRIVATEPRIVATELong-term senior loan of up to EUR 50 million to VMG Industry FLLC, a foreign limited liability company domiciled in Belarus, to finance the capacity expansion programme at its plant in Mogilev, as well as to partly refinance its existing debt portfolio. The proposed facility will support the investment programme carried out by VMG at its particleboard and furniture plant in Mogilev. The proceeds from the EBRD loan will be allocated towards capex focusing on capacity increase in its furniture manufacturing facility, improvement of competitiveness, energy efficiency and environmental performance. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49912XI-IATI-EBRD-49106European Bank for Reconstruction and DevelopmentThe provision of a sovereign loan of up to € 2.615 million to the Republic of Belarus for the benefit of Bereza Housing and Communal Services (the "Company") to finance the rehabilitation and reconstruction of wastewater treatment infrastructure in Bereza (the "Project"). This is one out of seven subprojects under the Belarus Water Sector Framework, 3rd phase. Other subprojects are in Kletsk, Lyuban, Fanipol, Baranovichi, Zhlobin, Shklov. The Project aims to enhance wastewater treatment quality to ensure compliance with the national and EU/HELCOM standards/recommendations for effluent quality treatment and reduction of air, soil, water pollution. The Project will facilitate the advancement of water and wastewater sector reform and improvement of the Company's operational and financial performance and capacity.European Bank for Reconstruction and DevelopmentBELARUS SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGMINSK53.9 27.566672640000BELARUS SOVEREIGN26400BELARUS SOVEREIGNSTATESTATESTATESTATEThe provision of a sovereign loan of up to € 2.615 million to the Republic of Belarus for the benefit of Bereza Housing and Communal Services (the "Company") to finance the rehabilitation and reconstruction of wastewater treatment infrastructure in Bereza (the "Project"). This is one out of seven subprojects under the Belarus Water Sector Framework, 3rd phase. Other subprojects are in Kletsk, Lyuban, Fanipol, Baranovichi, Zhlobin, Shklov. The Project aims to enhance wastewater treatment quality to ensure compliance with the national and EU/HELCOM standards/recommendations for effluent quality treatment and reduction of air, soil, water pollution. The Project will facilitate the advancement of water and wastewater sector reform and improvement of the Company's operational and financial performance and capacity. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49106XI-IATI-EBRD-52337European Bank for Reconstruction and DevelopmentThe EBRD has subscribed the amount of EUR 15 million to the 7-year, EUR 250 million senior unsecured Eurobond (the "Bond") issued by Titan Global Finance Plc (the "Issuer" or "TGF"), the finance arm of Titan Group. Titan Cement Company SA ("TCC") incorporated in Greece and its parent company Titan Cement International SA ("TCI") incorporated in Belgium are the guarantors of the Notes ( the "Guarantors"). The Bank's proceeds will be used for the partial refinancing of the Titan Eurobond maturing in June 2021.European Bank for Reconstruction and DevelopmentTITAN CEMENT COMPANY SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATHENS37.98376 23.7278415000000TITAN CEMENT COMPANY SAPRIVATEPRIVATEPRIVATEThe EBRD has subscribed the amount of EUR 15 million to the 7-year, EUR 250 million senior unsecured Eurobond (the "Bond") issued by Titan Global Finance Plc (the "Issuer" or "TGF"), the finance arm of Titan Group. Titan Cement Company SA ("TCC") incorporated in Greece and its parent company Titan Cement International SA ("TCI") incorporated in Belgium are the guarantors of the Notes ( the "Guarantors"). The Bank's proceeds will be used for the partial refinancing of the Titan Eurobond maturing in June 2021. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52337XI-IATI-EBRD-53189European Bank for Reconstruction and DevelopmentInvestment of EUR 10 million in credit linked notes, issued by Aurora SME I Designated Activity Company (the "Issuer"), covering the credit risk of the mezzanine tranche in a synthetic balance sheet securitisation of a performing SME and corporate loans portfolio, originated by Alpha Bank S.A., a commercial bank incorporated in Greece (the "Originator" or "Alpha"). The project boosts the resilience of a systemic bank in Greece, by allowing Alpha Bank to achieve a risk-weighted assets' relief and optimise its regulatory capital requirements. Furthermore, the EBRD promotes resource efficiency in the country by requiring Alpha Bank to allocate funds in the amount of 1.5 times of EBRD's subscription to finance green investments in renewable energy and energy efficiency.European Bank for Reconstruction and DevelopmentAURORA SME I DESIGNATED ACTIVITY COMPANYEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATHENS37.98376 23.7278410000000AURORA SME I DESIGNATED ACTIVITY COMPANYPRIVATEPRIVATEPRIVATEInvestment of EUR 10 million in credit linked notes, issued by Aurora SME I Designated Activity Company (the "Issuer"), covering the credit risk of the mezzanine tranche in a synthetic balance sheet securitisation of a performing SME and corporate loans portfolio, originated by Alpha Bank S.A., a commercial bank incorporated in Greece (the "Originator" or "Alpha"). The project boosts the resilience of a systemic bank in Greece, by allowing Alpha Bank to achieve a risk-weighted assets' relief and optimise its regulatory capital requirements. Furthermore, the EBRD promotes resource efficiency in the country by requiring Alpha Bank to allocate funds in the amount of 1.5 times of EBRD's subscription to finance green investments in renewable energy and energy efficiency. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53189XI-IATI-EBRD-52790European Bank for Reconstruction and DevelopmentThe EBRD subscribed to the amount of EUR 60 million to the EUR 500 million senior unsecured green Eurobond maturing in October 2026 and issued by Mytilineos S.A (the "Company" or "Mytilineos"). The proceeds of the green Eurobond will be exclusively applied to finance, in part or in full, existing or new eligible green projects as defined in the International Capital Market Association's ("ICMA") Green Bond Principles ("GBP") that Mytilineos commits to undertake. The success of the issuance will contribute to Mytilineos' low carbon transition strategy and in particular, by increasing the production of recycled aluminium (from scrap) through the use of the Bank's proceeds.European Bank for Reconstruction and DevelopmentMYTILINEOS SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGMAROUSI38.05404 23.80660000000MYTILINEOS SAPRIVATEPRIVATEPRIVATEThe EBRD subscribed to the amount of EUR 60 million to the EUR 500 million senior unsecured green Eurobond maturing in October 2026 and issued by Mytilineos S.A (the "Company" or "Mytilineos"). The proceeds of the green Eurobond will be exclusively applied to finance, in part or in full, existing or new eligible green projects as defined in the International Capital Market Association's ("ICMA") Green Bond Principles ("GBP") that Mytilineos commits to undertake. The success of the issuance will contribute to Mytilineos' low carbon transition strategy and in particular, by increasing the production of recycled aluminium (from scrap) through the use of the Bank's proceeds. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52790XI-IATI-EBRD-50063European Bank for Reconstruction and DevelopmentProvision of a senior loan of up to EUR 50m (in PLN equivalent) to Eurocash S.A. (the "company", "borrower") - a leading wholesale distributor of FMCG products in Poland. The EBRD financing will support the company's acquisition of online food retailer Frisco.pl as well as the company's working capital needs (the "project"). The operation will enable the company to strengthen its operations, as the Bank's loan will support the acquisition of the Polish online food retailer Frisco.pl as well as increased working capital needs of the company.European Bank for Reconstruction and DevelopmentEUROCASH SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKOMORNIKI20.85117 51.9761451827588.52EUROCASH SAPRIVATEPRIVATEPRIVATEProvision of a senior loan of up to EUR 50m (in PLN equivalent) to Eurocash S.A. (the "company", "borrower") - a leading wholesale distributor of FMCG products in Poland. The EBRD financing will support the company's acquisition of online food retailer Frisco.pl as well as the company's working capital needs (the "project"). The operation will enable the company to strengthen its operations, as the Bank's loan will support the acquisition of the Polish online food retailer Frisco.pl as well as increased working capital needs of the company. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50063XI-IATI-EBRD-53247European Bank for Reconstruction and DevelopmentProvision of a EUR 31.5 million long-term loan to OXY Technical Gases d.o.o., a limited liability Company established in Croatia, to construct and operate a green-field air separation unit ("ASU") in the city of Velika Gorica, Croatia (the "Project"). The Project will increase industrial gas volumes available in Croatia and potentially cover other countries in the Western Balkans as well as Slovenia.European Bank for Reconstruction and DevelopmentOXY TECHNICAL GASES DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKARLOVAC45.49167 15.5531500000OXY TECHNICAL GASES DOOPRIVATEPRIVATEPRIVATEProvision of a EUR 31.5 million long-term loan to OXY Technical Gases d.o.o., a limited liability Company established in Croatia, to construct and operate a green-field air separation unit ("ASU") in the city of Velika Gorica, Croatia (the "Project"). The Project will increase industrial gas volumes available in Croatia and potentially cover other countries in the Western Balkans as well as Slovenia. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53247XI-IATI-EBRD-53496European Bank for Reconstruction and DevelopmentAn equity commitment of up to USD 80 million in favour of Alcazar Energy Partners II SLP (SCSp) (the "Fund"). The Fund will seek to build a diversified portfolio of renewable energy projects, primarily greenfield utility-scale solar and on-shore wind projects in countries in North Africa, the Levant, Central Asia, the Caucasus, the Balkans and Turkey.European Bank for Reconstruction and DevelopmentALCAZAR ENERGY PARTNERS II SCSPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.24967TBILISI41.69411 44.83368AMMAN31.95522 35.9450349180303.7570387990.24ALCAZAR ENERGY PARTNERS II SCSPPRIVATEPRIVATEPRIVATEAn equity commitment of up to USD 80 million in favour of Alcazar Energy Partners II SLP (SCSp) (the "Fund"). The Fund will seek to build a diversified portfolio of renewable energy projects, primarily greenfield utility-scale solar and on-shore wind projects in countries in North Africa, the Levant, Central Asia, the Caucasus, the Balkans and Turkey. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53496XI-IATI-EBRD-50008European Bank for Reconstruction and DevelopmentEquity investment of PLN 430 million (ca. EUR 100 million) corresponding to a ca. 4.5% stake in Bank BGZ BNP Paribas SA ("BGZ BNPP") in Poland (the "Project"). The Project is conducted in the context of the completion of BGZ BNPP's acquisition of the core assets of Raiffeisen Bank Polska S.A. (the "RBPL Core Business") as announced by BGZ BNPP on 10 April 2018 and also aims to support the plans of BNP Paribas SA ("BNPP"), the controlling shareholder of BGi BNPP, to maintain and gradually increase the free float of BGZ BNPP's shares on the Warsaw Stock Exchange in accordance with BNPP's commitment to the Polish Financial Supervision Authority (Komisja Nadzoru Finansowego).European Bank for Reconstruction and DevelopmentBNP PARIBAS BANK POLSKA SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.0117879945824.52BNP PARIBAS BANK POLSKA SAPRIVATEPRIVATEPRIVATEEquity investment of PLN 430 million (ca. EUR 100 million) corresponding to a ca. 4.5% stake in Bank BGZ BNP Paribas SA ("BGZ BNPP") in Poland (the "Project"). The Project is conducted in the context of the completion of BGZ BNPP's acquisition of the core assets of Raiffeisen Bank Polska S.A. (the "RBPL Core Business") as announced by BGZ BNPP on 10 April 2018 and also aims to support the plans of BNP Paribas SA ("BNPP"), the controlling shareholder of BGi BNPP, to maintain and gradually increase the free float of BGZ BNPP's shares on the Warsaw Stock Exchange in accordance with BNPP's commitment to the Polish Financial Supervision Authority (Komisja Nadzoru Finansowego). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50008XI-IATI-EBRD-45537European Bank for Reconstruction and DevelopmentThe EBRD is providing a loan to Office National de l'Assainissement ("ONAS") to finance an environmental clean-up project in Lake Bizerte. This loan of up to EUR 20 million will benefit from a guarantee from the Republic of Tunisia. The Bizerte Lake is located in Northern Tunisia and connected to the Mediterranean via a 7 kilometre channel. The project will be part of the Lake Bizerte Environmental project lead by the European Investment Bank ("EIB"), which will mobilise donor funds from the EU Neighbourhood Investment Facility ("NIF"). To support the project EBRD is seeking to mobilise funding from the Global Environmental Fund ("GEF"). EBRD's loan will focus on the wastewater components of the project. EBRD's financing will be used to finance the expansion and rehabilitation of 3 wastewater treatment plants (WWTPs) and network rehabilitation and extension. These investments will improve wastewater services to an estimated 400,000 inhabitants in the Governorate of Bizerte and will help alleviate contamination in Lake Bizerte. The success of the Project will be measured by the following benchmarks: * Total population benefiting from improved access to wastewater services. * Annual m3 of wastewater treated. Null ValueEuropean Bank for Reconstruction and DevelopmentNATIONAL SANITATION AGENCY OF TUNISIAN REPUBLICEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTUNIS36.81897 10.165797644834.720000000NATIONAL SANITATION AGENCY OF TUNISIAN REPUBLIC200000NATIONAL SANITATION AGENCY OF TUNISIAN REPUBLIC2000000NATIONAL SANITATION AGENCY OF TUNISIAN REPUBLIC1000000NATIONAL SANITATION AGENCY OF TUNISIAN REPUBLIC130000NATIONAL SANITATION AGENCY OF TUNISIAN REPUBLIC3531568.53NATIONAL SANITATION AGENCY OF TUNISIAN REPUBLIC653633.78NATIONAL SANITATION AGENCY OF TUNISIAN REPUBLIC2235353.3NATIONAL SANITATION AGENCY OF TUNISIAN REPUBLIC256583.23NATIONAL SANITATION AGENCY OF TUNISIAN REPUBLIC211257.5NATIONAL SANITATION AGENCY OF TUNISIAN REPUBLIC401173.1NATIONAL SANITATION AGENCY OF TUNISIAN REPUBLIC269666.66NATIONAL SANITATION AGENCY OF TUNISIAN REPUBLIC1099714.57NATIONAL SANITATION AGENCY OF TUNISIAN REPUBLIC366214.63NATIONAL SANITATION AGENCY OF TUNISIAN REPUBLICSTATESTATESTATESTATEThe EBRD is providing a loan to Office National de l'Assainissement ("ONAS") to finance an environmental clean-up project in Lake Bizerte. This loan of up to EUR 20 million will benefit from a guarantee from the Republic of Tunisia. The Bizerte Lake is located in Northern Tunisia and connected to the Mediterranean via a 7 kilometre channel. The project will be part of the Lake Bizerte Environmental project lead by the European Investment Bank ("EIB"), which will mobilise donor funds from the EU Neighbourhood Investment Facility ("NIF"). To support the project EBRD is seeking to mobilise funding from the Global Environmental Fund ("GEF"). EBRD's loan will focus on the wastewater components of the project. EBRD's financing will be used to finance the expansion and rehabilitation of 3 wastewater treatment plants (WWTPs) and network rehabilitation and extension. These investments will improve wastewater services to an estimated 400,000 inhabitants in the Governorate of Bizerte and will help alleviate contamination in Lake Bizerte. The success of the Project will be measured by the following benchmarks: * Total population benefiting from improved access to wastewater services. * Annual m3 of wastewater treated. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/45537XI-IATI-EBRD-52746European Bank for Reconstruction and DevelopmentProvision of a long-term senior secured loan of up to PLN 175 million (€38.9 million) to Contino Polska Sp. z o.o. and Contino Zeta Sp. z o.o., two Polish companies owned by DIF Capital Partners, for the acquisition, construction and operation of the Grajewo and Sulmierzyce wind farms of 40MW and 23.1MW capacity, respectively. The project will contribute to climate change mitigation and Polish energy green transition by increasing the share of renewable energy generation in Poland and add 63.1 MW wind generation capacity to the national energy system. In addition, the project will strengthen the private sector's role in the renewable energy sector in Poland.European Bank for Reconstruction and DevelopmentCONTINO POLSKA SP ZOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.0117840717521.85CONTINO POLSKA SP ZOOPRIVATEPRIVATEPRIVATEProvision of a long-term senior secured loan of up to PLN 175 million (€38.9 million) to Contino Polska Sp. z o.o. and Contino Zeta Sp. z o.o., two Polish companies owned by DIF Capital Partners, for the acquisition, construction and operation of the Grajewo and Sulmierzyce wind farms of 40MW and 23.1MW capacity, respectively. The project will contribute to climate change mitigation and Polish energy green transition by increasing the share of renewable energy generation in Poland and add 63.1 MW wind generation capacity to the national energy system. In addition, the project will strengthen the private sector's role in the renewable energy sector in Poland. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52746XI-IATI-EBRD-55675European Bank for Reconstruction and DevelopmentA senior unsecured loan to JSC MFO Crystal ("Crystal") in the amount of up to USD 2.0 mln (EUR 1.9mln) of which 75% (USD 1.5 mln) will be provided by the European Bank for Reconstruction and Development ("EBRD") and 25% (USD 0.5 mln) by the Green Climate Fund ("GCF") under the GCF-Green Economy Financing Facility ("GEFF") Regional Programme. The loan proceeds will be allocated to financing private sector sub-borrowers (individuals and MSMEs) for investments in climate change mitigation and adaptation technologies and services, in line with the standards and reporting requirements of the GCF- GEFF Regional Framework policy statement. The transaction will further enhance in a gender responsive way Crystal's capacity in green lending and product offerings.European Bank for Reconstruction and DevelopmentMICROBANK CRYSTAL JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKUTAISI42.26791 42.69459656570.081326319.75MICROBANK CRYSTAL JSCPRIVATEPRIVATEPRIVATEA senior unsecured loan to JSC MFO Crystal ("Crystal") in the amount of up to USD 2.0 mln (EUR 1.9mln) of which 75% (USD 1.5 mln) will be provided by the European Bank for Reconstruction and Development ("EBRD") and 25% (USD 0.5 mln) by the Green Climate Fund ("GCF") under the GCF-Green Economy Financing Facility ("GEFF") Regional Programme. The loan proceeds will be allocated to financing private sector sub-borrowers (individuals and MSMEs) for investments in climate change mitigation and adaptation technologies and services, in line with the standards and reporting requirements of the GCF- GEFF Regional Framework policy statement. The transaction will further enhance in a gender responsive way Crystal's capacity in green lending and product offerings. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55675XI-IATI-EBRD-55849European Bank for Reconstruction and DevelopmentAn unfunded risk-sharing instrument partially covering the credit risk in newly originated sub-loans of Oschadbank in Ukraine with the total value of EUR 100 million equivalent (the "Covered Portfolio"). The Project is provided under the EBRD's Energy Security Support Facility ("ESSF"), a programme under the Resilience and Livelihood Framework, to finance energy generation, energy storage and energy efficiency sub-projects, including GET-eligible sub-projects (70% of the facility), to Ukrainian private businesses, regional municipalities, state-owned enterprises, and households. Technical assistance under ESSF will strengthen the capacity of Oschadbank and its sub-borrowers to implement the facility in a streamlined manner, while adhering to the EBRD eligibility criteria. Eligible small and medium enterprises ("SMEs") and residential sub-borrowers will additionally receive grant support in form of investment incentives upon the completion of their eligible investment projects. Up to EUR 20 million of risk shared sub-loans will finance SMEs' long-term investments under the EU4Business-EBRD Credit Line with Incentives (within a dedicated sub-limit assigned with a separate EBRD project number 55850). This will enable financing of long-term capital investments of SMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of the sub-limit), thereby enhancing competitiveness of businesses. Eligible sub-borrowers will also receive technical assistance funded by the EU and grant support in the form of investment incentives upon the completion of their investment projects. The Project aims to channel urgently needed investments into additional energy generation and storage capacity, as well as energy efficiency enhancements, thereby preserving energy security across all sectors in Ukraine.European Bank for Reconstruction and DevelopmentOSCHADBANK JSC (STATE SAVINGS BANK OF UKRAINE)European Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.52381000000010000000OSCHADBANK JSC (STATE SAVINGS BANK OF UKRAINE)PRIVATEPRIVATEPRIVATEAn unfunded risk-sharing instrument partially covering the credit risk in newly originated sub-loans of Oschadbank in Ukraine with the total value of EUR 100 million equivalent (the "Covered Portfolio"). The Project is provided under the EBRD's Energy Security Support Facility ("ESSF"), a programme under the Resilience and Livelihood Framework, to finance energy generation, energy storage and energy efficiency sub-projects, including GET-eligible sub-projects (70% of the facility), to Ukrainian private businesses, regional municipalities, state-owned enterprises, and households. Technical assistance under ESSF will strengthen the capacity of Oschadbank and its sub-borrowers to implement the facility in a streamlined manner, while adhering to the EBRD eligibility criteria. Eligible small and medium enterprises ("SMEs") and residential sub-borrowers will additionally receive grant support in form of investment incentives upon the completion of their eligible investment projects. Up to EUR 20 million of risk shared sub-loans will finance SMEs' long-term investments under the EU4Business-EBRD Credit Line with Incentives (within a dedicated sub-limit assigned with a separate EBRD project number 55850). This will enable financing of long-term capital investments of SMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of the sub-limit), thereby enhancing competitiveness of businesses. Eligible sub-borrowers will also receive technical assistance funded by the EU and grant support in the form of investment incentives upon the completion of their investment projects. The Project aims to channel urgently needed investments into additional energy generation and storage capacity, as well as energy efficiency enhancements, thereby preserving energy security across all sectors in Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55849XI-IATI-EBRD-53909European Bank for Reconstruction and DevelopmentProvision of a five-year senior unsecured loan of up to EUR 15 million to OTP Bank SA (OTP Bank) under the SME Competitiveness Programme in the Eastern Partnership for on-lending to eligible micro, small and medium enterprises (MSMEs). The loan will be available in three tranches of EUR 5 million each. In addition to long-term financing, eligible sub-borrowers will receive technical assistance funded by the European Union and grant support in the form of investment incentives upon the completion of their investment projects. The SME Competitiveness Programme in the Eastern Partnership is a follow-on facility of the existing FI DCFTA Blended Finance Programme (DCFTA), designed for Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine to support upgrades in micro, small and medium-sized enterprises (MSME) to European Union (EU) standards. The proposed project will enable OTP Bank to extend loans for investment purposes to local SMEs, financing upgrades of technology and equipment necessary to meet EU standards in terms of product quality, health and safety measures and environmental preservation and thus will help businesses to become greener and more competitive.European Bank for Reconstruction and DevelopmentOTP BANK SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCHISINAU47.00556 28.857515000000OTP BANK SAPRIVATEPRIVATEPRIVATEProvision of a five-year senior unsecured loan of up to EUR 15 million to OTP Bank SA (OTP Bank) under the SME Competitiveness Programme in the Eastern Partnership for on-lending to eligible micro, small and medium enterprises (MSMEs). The loan will be available in three tranches of EUR 5 million each. In addition to long-term financing, eligible sub-borrowers will receive technical assistance funded by the European Union and grant support in the form of investment incentives upon the completion of their investment projects. The SME Competitiveness Programme in the Eastern Partnership is a follow-on facility of the existing FI DCFTA Blended Finance Programme (DCFTA), designed for Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine to support upgrades in micro, small and medium-sized enterprises (MSME) to European Union (EU) standards. The proposed project will enable OTP Bank to extend loans for investment purposes to local SMEs, financing upgrades of technology and equipment necessary to meet EU standards in terms of product quality, health and safety measures and environmental preservation and thus will help businesses to become greener and more competitive. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53909XI-IATI-EBRD-55247European Bank for Reconstruction and DevelopmentAn investment of USD 60 million in USD 300 million Basel III compliant Perpetual Subordinated Callable Additional Tier 1 Capital Note issuance by JSC TBC Bank ('TBC'). Notes will be listed on Euronext Dublin (Global Exchange Market) with expected issue rating of B2 by Moody's. The proposed investment in AT1 Capital Notes supports the resilience of a systemic financial institution in Georgia by (i) strengthening its capital position to maintain prudent capital buffers, (ii) insulating the bank's capital base against the currency depreciation, and (iii) enabling uninterrupted lending to the real economy.European Bank for Reconstruction and DevelopmentTBC BANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTBILISI41.69411 44.8336856069526.21TBC BANK JSCPRIVATEPRIVATEPRIVATEAn investment of USD 60 million in USD 300 million Basel III compliant Perpetual Subordinated Callable Additional Tier 1 Capital Note issuance by JSC TBC Bank ('TBC'). Notes will be listed on Euronext Dublin (Global Exchange Market) with expected issue rating of B2 by Moody's. The proposed investment in AT1 Capital Notes supports the resilience of a systemic financial institution in Georgia by (i) strengthening its capital position to maintain prudent capital buffers, (ii) insulating the bank's capital base against the currency depreciation, and (iii) enabling uninterrupted lending to the real economy. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55247XI-IATI-EBRD-55606European Bank for Reconstruction and DevelopmentParticipation of up to EUR 70 million in the ESG-linked Schuldschein issuance of Forvia S.E. EBRD will support Forvia's 2025-2027 investment programme in Morocco, Czechia, Poland and Tunisia, contributing to Forvia's ambitious 2030 climate targets formulated in line with the Science-Based Targets Initiative ("SBTi").European Bank for Reconstruction and DevelopmentFORVIA SEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRAGUE50.08804 14.42076RABAT34.01325 -6.83255WARSAW52.22977 21.01178TUNIS36.81897 10.1657970000000FORVIA SEPRIVATEPRIVATEPRIVATEParticipation of up to EUR 70 million in the ESG-linked Schuldschein issuance of Forvia S.E. EBRD will support Forvia's 2025-2027 investment programme in Morocco, Czechia, Poland and Tunisia, contributing to Forvia's ambitious 2030 climate targets formulated in line with the Science-Based Targets Initiative ("SBTi"). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55606XI-IATI-EBRD-46960European Bank for Reconstruction and DevelopmentEBRD is providing a € 5 million sovereign loan to the Republic of Belarus for the construction of the first EU regulations compliant regional landfill in the country and related infrastructure. The new landfill will be located in Druzhnyi, a village located some 45 km outside the city of Minsk, and will service Puhovichi and Cherven Districts, both within the Minsk region. The EBRD loan will be on-lent to a new regional solid waste company that will be established to operate the new landfill as well as waste collection systems for the two above mentioned districts. It is envisaged that the project will be co-financed by a capital grant of € 2 million provided by an international donor(s). The proceeds of the loan and the grant will be used to finance the upgrade of a solid waste management system in the Puhovichi and Cherven Districts through i) the construction of an EU regulations compliant landfill, ii) a waste sorting facility, and iii) vehicles and equipment for improvement of the waste collection system. The key benefits of the Project are better service and environmental standards due to: (i) reduced landfilling, (ii) reliable waste collection and transportation operations, (iii) lower CO2 and methane emissions. In addition, the investment will be complemented by a TC package comprising implementation support as well as corporate development support to the new company.European Bank for Reconstruction and DevelopmentBELARUS SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGMINSK53.9 27.566675000000BELARUS SOVEREIGN50000BELARUS SOVEREIGNSTATESTATESTATESTATEEBRD is providing a € 5 million sovereign loan to the Republic of Belarus for the construction of the first EU regulations compliant regional landfill in the country and related infrastructure. The new landfill will be located in Druzhnyi, a village located some 45 km outside the city of Minsk, and will service Puhovichi and Cherven Districts, both within the Minsk region. The EBRD loan will be on-lent to a new regional solid waste company that will be established to operate the new landfill as well as waste collection systems for the two above mentioned districts. It is envisaged that the project will be co-financed by a capital grant of € 2 million provided by an international donor(s). The proceeds of the loan and the grant will be used to finance the upgrade of a solid waste management system in the Puhovichi and Cherven Districts through i) the construction of an EU regulations compliant landfill, ii) a waste sorting facility, and iii) vehicles and equipment for improvement of the waste collection system. The key benefits of the Project are better service and environmental standards due to: (i) reduced landfilling, (ii) reliable waste collection and transportation operations, (iii) lower CO2 and methane emissions. In addition, the investment will be complemented by a TC package comprising implementation support as well as corporate development support to the new company. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/46960XI-IATI-EBRD-54086European Bank for Reconstruction and DevelopmentA EUR 75 million participation in the long-term tranches of an ESG-linked Schuldschein by Valeo SE (the "Company"), a Societas Europaea incorporated and existing under the laws of France. The Bank's proceeds will support the Company's investments in Egypt, Tunisia and Turkiye. The project will support Valeo's R&D efforts in Egypt as well as its green initiatives in Turkiye, contributing to achieving carbon neutrality by 2050. In particular, the use of proceeds will support: (i) the Group's R&D center in Egypt for developing software for Electric and Hybrid Vehicles, the site develops 50% of the Group's software production worldwide exporting 100% of its services across the globe; (ii) production of components for hybrid/electric vehicles (EVs) in Turkiye; and (iii) new capex in Tunisia to build a greenfield plant.European Bank for Reconstruction and DevelopmentVALEO SEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.24967ANKARA39.91987 32.8542775000000VALEO SEPRIVATEPRIVATEPRIVATEA EUR 75 million participation in the long-term tranches of an ESG-linked Schuldschein by Valeo SE (the "Company"), a Societas Europaea incorporated and existing under the laws of France. The Bank's proceeds will support the Company's investments in Egypt, Tunisia and Turkiye. The project will support Valeo's R&D efforts in Egypt as well as its green initiatives in Turkiye, contributing to achieving carbon neutrality by 2050. In particular, the use of proceeds will support: (i) the Group's R&D center in Egypt for developing software for Electric and Hybrid Vehicles, the site develops 50% of the Group's software production worldwide exporting 100% of its services across the globe; (ii) production of components for hybrid/electric vehicles (EVs) in Turkiye; and (iii) new capex in Tunisia to build a greenfield plant. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54086XI-IATI-EBRD-55409European Bank for Reconstruction and DevelopmentAn investment of up to USD 100 million in DenizBank's ("DB") debut Green Bond funding programme. DB is a commercial bank organised as a joint stock company in Türkiye. The bond will be issued under DB's Sustainable Finance Framework, aligned with the International Capital Market Association's Green Bond Principles. The Project promotes the transition to environmentally sustainable, low-carbon and climate-resilient economy in Türkiye, with 100% of the EBRD financing allocated to GET-eligible investments. By adhering to established green bond framework and principles, the Project aims to channel funds towards eligible green projects and contribute to the further development of the green bond market in the country.European Bank for Reconstruction and DevelopmentDENIZBANK ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496687542677.06DENIZBANK ASPRIVATEPRIVATEPRIVATEAn investment of up to USD 100 million in DenizBank's ("DB") debut Green Bond funding programme. DB is a commercial bank organised as a joint stock company in Türkiye. The bond will be issued under DB's Sustainable Finance Framework, aligned with the International Capital Market Association's Green Bond Principles. The Project promotes the transition to environmentally sustainable, low-carbon and climate-resilient economy in Türkiye, with 100% of the EBRD financing allocated to GET-eligible investments. By adhering to established green bond framework and principles, the Project aims to channel funds towards eligible green projects and contribute to the further development of the green bond market in the country. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55409XI-IATI-EBRD-47083European Bank for Reconstruction and DevelopmentThe EBRD is financing a hospital infrastructure PPP project involving the design, construction, equipping, financing, and maintenance of an integrated health campus in Konya, Turkey, pursuant to a 28 years concession awarded by Turkey's Ministry of Health. Under this PPP structure, the Concessionaire will supply and maintain the hospital facilities, while the provision of medical care and services will remain the responsibility of the Ministry of Health. Total Project Costs are estimated at CA. EUR 318 million. EBRD will assist in increasing private sector participation in the hospital infrastructure sector in Turkey. In response to the need for large capacity investments in healthcare systems, governments are seeking to tap private sector resources and know-how to construct and manage infrastructure related facilities more rapidly and more efficiently, while medical service provision remains under the responsibility of the state. YDA Group, the Sponsor, is a key investor, operator and contractor in the infrastructure sector. The Group has undertaken building and operating Kayseri, Konya, Manisa healthcare facilities on PPP basis and it is the preferred bidder for Sanliurfa healthcare facility. In addition, YDA operates Dalaman Airport in Turkey and Aktau Airport in Kazakhstan.European Bank for Reconstruction and DevelopmentATM SAGLIK KONYA YATIRIM VE ISLETME ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKONYA37.87135 32.4846467500000ATM SAGLIK KONYA YATIRIM VE ISLETME ASPRIVATEPRIVATEPRIVATEThe EBRD is financing a hospital infrastructure PPP project involving the design, construction, equipping, financing, and maintenance of an integrated health campus in Konya, Turkey, pursuant to a 28 years concession awarded by Turkey's Ministry of Health. Under this PPP structure, the Concessionaire will supply and maintain the hospital facilities, while the provision of medical care and services will remain the responsibility of the Ministry of Health. Total Project Costs are estimated at CA. EUR 318 million. EBRD will assist in increasing private sector participation in the hospital infrastructure sector in Turkey. In response to the need for large capacity investments in healthcare systems, governments are seeking to tap private sector resources and know-how to construct and manage infrastructure related facilities more rapidly and more efficiently, while medical service provision remains under the responsibility of the state. YDA Group, the Sponsor, is a key investor, operator and contractor in the infrastructure sector. The Group has undertaken building and operating Kayseri, Konya, Manisa healthcare facilities on PPP basis and it is the preferred bidder for Sanliurfa healthcare facility. In addition, YDA operates Dalaman Airport in Turkey and Aktau Airport in Kazakhstan. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47083XI-IATI-EBRD-56193European Bank for Reconstruction and DevelopmentThe Project comprises EUR 60 million loan to Yayla Agro Sanayi ve Ticaret A.S. ("Yayla" or the "Company") for the retroactive financing of the construction of the Company's newly opened Nigde facility (the "Project"). The main objective of the Project is to refinance Yayla's capital expenditures related to the construction of the new Nigde facility, which were originally funded by the Company's own cash reserves. The expansion plan includes increased area and additional production lines.European Bank for Reconstruction and DevelopmentYAYLA AGRO GIDA SANAYI VE TICARET ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANKARA39.91987 32.8542760000000YAYLA AGRO GIDA SANAYI VE TICARET ASPRIVATEPRIVATEPRIVATEThe Project comprises EUR 60 million loan to Yayla Agro Sanayi ve Ticaret A.S. ("Yayla" or the "Company") for the retroactive financing of the construction of the Company's newly opened Nigde facility (the "Project"). The main objective of the Project is to refinance Yayla's capital expenditures related to the construction of the new Nigde facility, which were originally funded by the Company's own cash reserves. The expansion plan includes increased area and additional production lines. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56193XI-IATI-EBRD-49627European Bank for Reconstruction and DevelopmentProvision of a long-term A/B loan to Aksa Akrilik Kimya Sanayii A.i. ("Aksa"), the leading acrylic and technical fibre manufacturer in the world, to support the Company to undertake its medium-term investment plan. The Project will support the Company to undertake a series of production expansion, modernization, energy efficiency, environmental and health and safety, and R&D investments in its production base in Yalova (the "Project").European Bank for Reconstruction and DevelopmentAKSA AKRILIK KIMYA SANAYII ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYALOVA40.65501 29.2769343258163.35AKSA AKRILIK KIMYA SANAYII ASPRIVATEPRIVATEPRIVATEProvision of a long-term A/B loan to Aksa Akrilik Kimya Sanayii A.i. ("Aksa"), the leading acrylic and technical fibre manufacturer in the world, to support the Company to undertake its medium-term investment plan. The Project will support the Company to undertake a series of production expansion, modernization, energy efficiency, environmental and health and safety, and R&D investments in its production base in Yalova (the "Project"). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49627XI-IATI-EBRD-54066European Bank for Reconstruction and DevelopmentFood Security Guarantee (FSG, the Facility) in the form of an unfunded risk-sharing instrument covering up to 50 per cent of credit risk in newly originated sub-loans with the total value of € 30 million equivalent to be originated by JSC OTP Bank subject to total 50 per cent portfolio cap. The facility will be used to support lending to the Ukrainian private companies operating in the primary and secondary agriculture and other critical industries (such as pharmaceuticals, food retail, transportation, and logistics), with the ultimate goal of preserving livelihoods in the country.European Bank for Reconstruction and DevelopmentOTP BANK PJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.52387500000OTP BANK PJSCPRIVATEPRIVATEPRIVATEFood Security Guarantee (FSG, the Facility) in the form of an unfunded risk-sharing instrument covering up to 50 per cent of credit risk in newly originated sub-loans with the total value of € 30 million equivalent to be originated by JSC OTP Bank subject to total 50 per cent portfolio cap. The facility will be used to support lending to the Ukrainian private companies operating in the primary and secondary agriculture and other critical industries (such as pharmaceuticals, food retail, transportation, and logistics), with the ultimate goal of preserving livelihoods in the country. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54066XI-IATI-EBRD-49079European Bank for Reconstruction and DevelopmentAn investment in SPE AIF I (the "Fund"), a private equity fund targeting primarily small and lower mid-cap companies in Egypt, Jordan, Morocco and Tunisia. The Fund will seek to achieve long-term capital growth by making equity and quasi-equity investments in companies with typical enterprise values between USD 30 to 80 million.European Bank for Reconstruction and DevelopmentSPE AIF I LPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.24967RABAT34.01325 -6.83255TUNIS36.81897 10.165792131277.3827605807.28SPE AIF I LPPRIVATEPRIVATEPRIVATEAn investment in SPE AIF I (the "Fund"), a private equity fund targeting primarily small and lower mid-cap companies in Egypt, Jordan, Morocco and Tunisia. The Fund will seek to achieve long-term capital growth by making equity and quasi-equity investments in companies with typical enterprise values between USD 30 to 80 million. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49079XI-IATI-EBRD-46795European Bank for Reconstruction and DevelopmentA loan of up to USD 2 million to finance critical solid waste investments for the City of Yavan (the "City") and their neighbouring jamoats (third-level administrative divisions): Dahana, H Huseinov and G.Yusufova (the "Municipalities"). The EBRD will also seek an investment grant from international donors of USD 2 million to facilitate implementation of the sub-project which will address urgently needed solid waste infrastructure rehabilitation needs. The proceeds of the loan and the grant will finance a new sanitary landfill construction and upgrade of collection and transportation system. The project will result in an improved level of solid waste services and environmental improvements in the City and the Municipalities. The overall objectives of this sub-project are to: (a) rehabilitate the solid waste infrastructure; and (b) improve financial and operational managementEuropean Bank for Reconstruction and DevelopmentHOUSING AND MUNICIPAL PRODUCTION AND OPERATIONAL DEPARTMENT OF THE CITY OFEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYOVON38.31408 69.037841750853.54HOUSING AND MUNICIPAL PRODUCTION AND OPERATIONAL DEPARTMENT OF THE CITY OF17508.54HOUSING AND MUNICIPAL PRODUCTION AND OPERATIONAL DEPARTMENT OF THE CITY OF48950.01HOUSING AND MUNICIPAL PRODUCTION AND OPERATIONAL DEPARTMENT OF THE CITY OF58033.79HOUSING AND MUNICIPAL PRODUCTION AND OPERATIONAL DEPARTMENT OF THE CITY OF159672.59HOUSING AND MUNICIPAL PRODUCTION AND OPERATIONAL DEPARTMENT OF THE CITY OF53235.05HOUSING AND MUNICIPAL PRODUCTION AND OPERATIONAL DEPARTMENT OF THE CITY OF339702.18HOUSING AND MUNICIPAL PRODUCTION AND OPERATIONAL DEPARTMENT OF THE CITY OF75723.98HOUSING AND MUNICIPAL PRODUCTION AND OPERATIONAL DEPARTMENT OF THE CITY OF221301.36HOUSING AND MUNICIPAL PRODUCTION AND OPERATIONAL DEPARTMENT OF THE CITY OF153164.67HOUSING AND MUNICIPAL PRODUCTION AND OPERATIONAL DEPARTMENT OF THE CITY OF151693.95HOUSING AND MUNICIPAL PRODUCTION AND OPERATIONAL DEPARTMENT OF THE CITY OF90204.85HOUSING AND MUNICIPAL PRODUCTION AND OPERATIONAL DEPARTMENT OF THE CITY OF41569.42HOUSING AND MUNICIPAL PRODUCTION AND OPERATIONAL DEPARTMENT OF THE CITY OF41611.44HOUSING AND MUNICIPAL PRODUCTION AND OPERATIONAL DEPARTMENT OF THE CITY OF116746.91HOUSING AND MUNICIPAL PRODUCTION AND OPERATIONAL DEPARTMENT OF THE CITY OF33502.14HOUSING AND MUNICIPAL PRODUCTION AND OPERATIONAL DEPARTMENT OF THE CITY OF47071.7HOUSING AND MUNICIPAL PRODUCTION AND OPERATIONAL DEPARTMENT OF THE CITY OF29552.11HOUSING AND MUNICIPAL PRODUCTION AND OPERATIONAL DEPARTMENT OF THE CITY OF20239.87HOUSING AND MUNICIPAL PRODUCTION AND OPERATIONAL DEPARTMENT OF THE CITY OF34561.26HOUSING AND MUNICIPAL PRODUCTION AND OPERATIONAL DEPARTMENT OF THE CITY OF7625.84HOUSING AND MUNICIPAL PRODUCTION AND OPERATIONAL DEPARTMENT OF THE CITY OF6991.23HOUSING AND MUNICIPAL PRODUCTION AND OPERATIONAL DEPARTMENT OF THE CITY OFSTATESTATESTATESTATEA loan of up to USD 2 million to finance critical solid waste investments for the City of Yavan (the "City") and their neighbouring jamoats (third-level administrative divisions): Dahana, H Huseinov and G.Yusufova (the "Municipalities"). The EBRD will also seek an investment grant from international donors of USD 2 million to facilitate implementation of the sub-project which will address urgently needed solid waste infrastructure rehabilitation needs. The proceeds of the loan and the grant will finance a new sanitary landfill construction and upgrade of collection and transportation system. The project will result in an improved level of solid waste services and environmental improvements in the City and the Municipalities. The overall objectives of this sub-project are to: (a) rehabilitate the solid waste infrastructure; and (b) improve financial and operational management For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/46795XI-IATI-EBRD-55565European Bank for Reconstruction and DevelopmentA senior loan in favour of Baltic Storage Platform OU (the "Borrower"), a company established in Estonia. This operation is included under the EBRD InvestEU Framework for Sustainable Transition (OpID 54197). The loan will enable the Borrower to develop, construct, and operate two battery energy storage system projects located near Tallinn, Estonia with a combined capacity of ca. 200MW / 400MWh.European Bank for Reconstruction and DevelopmentBALTIC STORAGE PLATFORM OUEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKURESSAARE2529156.6127700000BALTIC STORAGE PLATFORM OUPRIVATEPRIVATEPRIVATEA senior loan in favour of Baltic Storage Platform OU (the "Borrower"), a company established in Estonia. This operation is included under the EBRD InvestEU Framework for Sustainable Transition (OpID 54197). The loan will enable the Borrower to develop, construct, and operate two battery energy storage system projects located near Tallinn, Estonia with a combined capacity of ca. 200MW / 400MWh. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55565XI-IATI-EBRD-52221European Bank for Reconstruction and DevelopmentProvision of long-term senior debt of up to USD 21 million for the development, construction and operation of a solar photovoltaic power plant with an installed capacity of 230 MW on a site located 9 km northwest of the Alat settlement in eastern Azerbaijan (the Project). The Project will be developed by a newly established special purpose vehicle in Azerbaijan, which will act as the borrower for the project financings. Abu Dhabi Future Energy Company PJSC (Masdar) will act as the sponsor for the project. The Project will add 230 MW of solar generation capacity to the Azerbaijani power system and power approximately 110,000 homes. This would help substitute natural gas-based power plants and help in meeting the renewable energy targets set by the Government of Azerbaijan in line with county's commitments under the Paris Agreement. The Project will also result in strong environmental benefits with estimated annual CO2 emissions savings of up to 200,000 tonnes. This will assist the country in its low-carbon transition, reducing its current high reliance on thermal power generation.European Bank for Reconstruction and DevelopmentMASDAR AZERBAIJAN ENERGY LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBAKU40.37767 49.8920118763214.56MASDAR AZERBAIJAN ENERGY LLCPRIVATEPRIVATEPRIVATEProvision of long-term senior debt of up to USD 21 million for the development, construction and operation of a solar photovoltaic power plant with an installed capacity of 230 MW on a site located 9 km northwest of the Alat settlement in eastern Azerbaijan (the Project). The Project will be developed by a newly established special purpose vehicle in Azerbaijan, which will act as the borrower for the project financings. Abu Dhabi Future Energy Company PJSC (Masdar) will act as the sponsor for the project. The Project will add 230 MW of solar generation capacity to the Azerbaijani power system and power approximately 110,000 homes. This would help substitute natural gas-based power plants and help in meeting the renewable energy targets set by the Government of Azerbaijan in line with county's commitments under the Paris Agreement. The Project will also result in strong environmental benefits with estimated annual CO2 emissions savings of up to 200,000 tonnes. This will assist the country in its low-carbon transition, reducing its current high reliance on thermal power generation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52221XI-IATI-EBRD-51126European Bank for Reconstruction and DevelopmentProvision of a PLN 40 million (c. EUR 9 million) senior unsecured loan to Enefit Green AS, the renewable arm of Estonia's state-owned utility company Eesti Energia, in order to support its entry to the Polish market through the financing of the acquisition of 20 small scale greenfield solar plants totalling up to 19.2 MW upon completion, thus indirectly refinancing their construction. Support the construction of new solar projects in Poland, whose solar sector is still at an early stage of development and the entry of a new player in the Polish renewable energy market.European Bank for Reconstruction and DevelopmentENEFIT GREEN ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTALLINN59.43696 24.75353WARSAW52.22977 21.011789306862.14ENEFIT GREEN ASPRIVATEPRIVATEPRIVATEProvision of a PLN 40 million (c. EUR 9 million) senior unsecured loan to Enefit Green AS, the renewable arm of Estonia's state-owned utility company Eesti Energia, in order to support its entry to the Polish market through the financing of the acquisition of 20 small scale greenfield solar plants totalling up to 19.2 MW upon completion, thus indirectly refinancing their construction. Support the construction of new solar projects in Poland, whose solar sector is still at an early stage of development and the entry of a new player in the Polish renewable energy market. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51126XI-IATI-EBRD-51019European Bank for Reconstruction and DevelopmentProvision of a senior long-term loan to Studenac d.o.o. (the "Company"), the second largest food retailer on the Croatian coast, for the acquisition of an Istria-located retailer Istarski Supermarketi d.o.o. and future expansion. The EBRD's loan will support the Company in its expansion efforts as well as expected further efficiency and profitability improvements.European Bank for Reconstruction and DevelopmentSTUDENAC DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGOMIS43.44472 16.6886115833000STUDENAC DOOPRIVATEPRIVATEPRIVATEProvision of a senior long-term loan to Studenac d.o.o. (the "Company"), the second largest food retailer on the Croatian coast, for the acquisition of an Istria-located retailer Istarski Supermarketi d.o.o. and future expansion. The EBRD's loan will support the Company in its expansion efforts as well as expected further efficiency and profitability improvements. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51019XI-IATI-EBRD-50602European Bank for Reconstruction and DevelopmentThe provision of a loan of up to EUR 19.7 million for the development, construction and operation of a 55.4MWp solar PV project in the Cherkassy region of Ukraine. The Project is developed under EBRD's Ukrainian Sustainable Energy Lending Facility III (USELF-III), a EUR 250 million Facility to support renewable energy in Ukraine. The Project will add to domestic renewable energy capacity, which supports Ukraine achieve its target of 11 per cent gross final electricity consumption from renewable energy sources by 2020 and 25 per cent of primary energy generation by 2035.European Bank for Reconstruction and DevelopmentGREENTECO SES LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCHYHYRYN49.08376 32.6554929095355.91GREENTECO SES LLCPRIVATEPRIVATEPRIVATEThe provision of a loan of up to EUR 19.7 million for the development, construction and operation of a 55.4MWp solar PV project in the Cherkassy region of Ukraine. The Project is developed under EBRD's Ukrainian Sustainable Energy Lending Facility III (USELF-III), a EUR 250 million Facility to support renewable energy in Ukraine. The Project will add to domestic renewable energy capacity, which supports Ukraine achieve its target of 11 per cent gross final electricity consumption from renewable energy sources by 2020 and 25 per cent of primary energy generation by 2035. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50602XI-IATI-EBRD-54153European Bank for Reconstruction and DevelopmentProvision of a secured loan of up to EUR 38.23 million to Vilniaus Viesasis Transportas ("VVT"), the municipally-owned transport company of the City of Vilnius. The loan benefits from a EUR 7.65 million concessional loan provided by TaiwanICDF, via the High-Impact Partnership for Climate Action. The proceeds of the loan will be used to finance the purchase of up to 91 battery / electricity powered trolleybuses to renew part of VVT's ageing fleet of 159 trolleybuses. With the Project serving as the City's "trigger" investment to become a Green City as part of the Green Cities Framework 2 - Extension 2, EBRD will support the City to develop a Green City Action Plan ("GCAP"), through which the City will identify and prioritise its most pressing environmental challenges, and develop targeted investment and policy actions to address them. By improving the quality and reliability of trolleybuses, the Project is expected to improve the attractiveness and increase the ridership of Vilnius' public transport, and therefore to encourage a modal shift towards low-emission, electric transport modes. The Project is expected to result in reduced emissions and enhanced energy efficiency. The Project is part of a broader City programme to achieve sustainable mobility in Vilnius, which aims to make public transport the backbone of transport in Vilnius by ensuring quick and safe transport within the city and by increasing connectivity between the city and peripheral areas through public transport service.European Bank for Reconstruction and DevelopmentVILNIAUS VIESASIS TRANSPORTAS UABEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGVILNIUS54.68916 25.279830584000VILNIAUS VIESASIS TRANSPORTAS UAB3877534.8VILNIAUS VIESASIS TRANSPORTAS UAB6410519.6VILNIAUS VIESASIS TRANSPORTAS UAB4179798VILNIAUS VIESASIS TRANSPORTAS UAB5297104.4VILNIAUS VIESASIS TRANSPORTAS UAB3906532VILNIAUS VIESASIS TRANSPORTAS UAB3906532VILNIAUS VIESASIS TRANSPORTAS UAB3005979.2VILNIAUS VIESASIS TRANSPORTAS UABSTATESTATESTATESTATEProvision of a secured loan of up to EUR 38.23 million to Vilniaus Viesasis Transportas ("VVT"), the municipally-owned transport company of the City of Vilnius. The loan benefits from a EUR 7.65 million concessional loan provided by TaiwanICDF, via the High-Impact Partnership for Climate Action. The proceeds of the loan will be used to finance the purchase of up to 91 battery / electricity powered trolleybuses to renew part of VVT's ageing fleet of 159 trolleybuses. With the Project serving as the City's "trigger" investment to become a Green City as part of the Green Cities Framework 2 - Extension 2, EBRD will support the City to develop a Green City Action Plan ("GCAP"), through which the City will identify and prioritise its most pressing environmental challenges, and develop targeted investment and policy actions to address them. By improving the quality and reliability of trolleybuses, the Project is expected to improve the attractiveness and increase the ridership of Vilnius' public transport, and therefore to encourage a modal shift towards low-emission, electric transport modes. The Project is expected to result in reduced emissions and enhanced energy efficiency. The Project is part of a broader City programme to achieve sustainable mobility in Vilnius, which aims to make public transport the backbone of transport in Vilnius by ensuring quick and safe transport within the city and by increasing connectivity between the city and peripheral areas through public transport service. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54153XI-IATI-EBRD-49894European Bank for Reconstruction and DevelopmentProvision of an investment in Mid Europa Fund V LP (the "Fund"), a private equity fund with a focus on mid-sized companies across Central and South Eastern Europe. The Fund will seek to achieve long-term capital growth by making equity and quasi-equity investments in companies with typical enterprise values of EUR 100 million to EUR 500 million and operating in domestic-focused growth industries.European Bank for Reconstruction and DevelopmentMID EUROPA FUND V LPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.35644SOFIA42.69751 23.32415TALLINN59.43696 24.75353ZAGREB45.81444 15.97798VILNIUS54.68916 25.2798RIGA56.946 24.10589WARSAW52.22977 21.01178BUCHAREST44.43225 26.10626BELGRADE44.80401 20.465139815887.3180000000MID EUROPA FUND V LPPRIVATEPRIVATEPRIVATEProvision of an investment in Mid Europa Fund V LP (the "Fund"), a private equity fund with a focus on mid-sized companies across Central and South Eastern Europe. The Fund will seek to achieve long-term capital growth by making equity and quasi-equity investments in companies with typical enterprise values of EUR 100 million to EUR 500 million and operating in domestic-focused growth industries. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49894XI-IATI-EBRD-51830European Bank for Reconstruction and DevelopmentThe Bank provided a senior loan of up to USD 29.6 million (EUR 25 million) in favour of October Dry Port Company (the "Borrower" or the "Company" or "ODP"), a joint stock company established in Egypt to finance the design, development, construction and operation and maintenance of the 6th of October Dry Port ("DP6"), the first in land dry port in Egypt in the city of 6th of October, west of Cairo (signed on 09 September 2021). The Bank is proposed to provide an additional commitment of up to EGP 206.5 million (ca. USD 10.5 million) to finance additional costs related to the Project. The Project is the City's "trigger investment" under EBRD Green Cities Framework 2 Window 2 ("GrCF2 W2") formally initiating 6th of October's participation in the programme and enabling the start of the development of the Green City Action Plan ("GCAP") with the New Urban Communities Authority ("NUCA") for the 6th of October City. The proposed Project will finance additional funding needs to enable the Company to complete the development and construction of the sixth of October Dry Port, the first inland dry port in Egypt and the first PPP in the sector. DP6 will function as an extended gateway for the deep-sea ports located in the northern and eastern regions of Egypt. DP6 will be the final destination of the cargoes and will (i) provide efficient customs inspections and clearance procedures, (ii) reduce congestion in the seaports, (iii) create economies of scale by using intermodal rail services to/from the seaports and (iv) improve the overall reliability and cost-efficiency of the logistics processes of the dry port's future clients. Additionally, the Project is also expected to transfer part of the container traffic from road to railway, thus realising many social, environmental and economic benefits such as reduced road congestion, accidents and environmental emissions. In particular, the Project will lead to significant GHG savings and air pollutants reductions and is therefore consistent with the Green Economy Transition ("GET") Approach and is 100 % GET.European Bank for Reconstruction and DevelopmentOCTOBER DRY PORT COMPANY JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496729584743.25OCTOBER DRY PORT COMPANY JSCPRIVATEPRIVATEPRIVATEThe Bank provided a senior loan of up to USD 29.6 million (EUR 25 million) in favour of October Dry Port Company (the "Borrower" or the "Company" or "ODP"), a joint stock company established in Egypt to finance the design, development, construction and operation and maintenance of the 6th of October Dry Port ("DP6"), the first in land dry port in Egypt in the city of 6th of October, west of Cairo (signed on 09 September 2021). The Bank is proposed to provide an additional commitment of up to EGP 206.5 million (ca. USD 10.5 million) to finance additional costs related to the Project. The Project is the City's "trigger investment" under EBRD Green Cities Framework 2 Window 2 ("GrCF2 W2") formally initiating 6th of October's participation in the programme and enabling the start of the development of the Green City Action Plan ("GCAP") with the New Urban Communities Authority ("NUCA") for the 6th of October City. The proposed Project will finance additional funding needs to enable the Company to complete the development and construction of the sixth of October Dry Port, the first inland dry port in Egypt and the first PPP in the sector. DP6 will function as an extended gateway for the deep-sea ports located in the northern and eastern regions of Egypt. DP6 will be the final destination of the cargoes and will (i) provide efficient customs inspections and clearance procedures, (ii) reduce congestion in the seaports, (iii) create economies of scale by using intermodal rail services to/from the seaports and (iv) improve the overall reliability and cost-efficiency of the logistics processes of the dry port's future clients. Additionally, the Project is also expected to transfer part of the container traffic from road to railway, thus realising many social, environmental and economic benefits such as reduced road congestion, accidents and environmental emissions. In particular, the Project will lead to significant GHG savings and air pollutants reductions and is therefore consistent with the Green Economy Transition ("GET") Approach and is 100 % GET. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51830XI-IATI-EBRD-55925European Bank for Reconstruction and DevelopmentAn equity investment of up to EUR 25 million in favour of Genesis Private Equity Fund V (the "Fund"). The Fund seeks to generate long-term capital gains from equity and equity-related investments in small to mid-cap companies primarily in the Czech Republic and the Slovak Republic.European Bank for Reconstruction and DevelopmentGENESIS PRIVATE EQUITY FUND V SCSPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRAGUE50.08804 14.42076BUDAPEST47.49835 19.04045WARSAW52.22977 21.01178BRATISLAVA48.14816 17.1067415288229.5920000000GENESIS PRIVATE EQUITY FUND V SCSPPRIVATEPRIVATEPRIVATEAn equity investment of up to EUR 25 million in favour of Genesis Private Equity Fund V (the "Fund"). The Fund seeks to generate long-term capital gains from equity and equity-related investments in small to mid-cap companies primarily in the Czech Republic and the Slovak Republic. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55925XI-IATI-EBRD-52442European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan to ACBA bank of up to USD 5 million under the GCF GEFF Regional Framework in Armenia ("GEFF Programme"), with 75% to be provided out of EBRD resources and 25% by Green Climate Fund ("GCF"). The loan will contribute to the objective of building a green economy in Armenia by on-lending to private sector sub-borrowers for investments into climate change mitigation and adaptation technologies and services in line with GCF GEFF Policy Statement.European Bank for Reconstruction and DevelopmentACBA BANK OJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYEREVAN40.18111 44.513613282850.39ACBA BANK OJSCPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan to ACBA bank of up to USD 5 million under the GCF GEFF Regional Framework in Armenia ("GEFF Programme"), with 75% to be provided out of EBRD resources and 25% by Green Climate Fund ("GCF"). The loan will contribute to the objective of building a green economy in Armenia by on-lending to private sector sub-borrowers for investments into climate change mitigation and adaptation technologies and services in line with GCF GEFF Policy Statement. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52442XI-IATI-EBRD-49462European Bank for Reconstruction and DevelopmentThe provision of a long-term loan of up to US$ 12.5 million to Nyva Pereyaslavshchyny LLC to finance the expansion of its pig breeding capacities , the construction of a meat-processing factory, bio-waste recycling facility and related working capital financing. The Project will lead to the increase of production capacities, enhanced vertical integration and the introduction of the best environmental practices.European Bank for Reconstruction and DevelopmentNYVA PEREYASLAVSHCHYNY LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.523819697102.34NYVA PEREYASLAVSHCHYNY LLCPRIVATEPRIVATEPRIVATEThe provision of a long-term loan of up to US$ 12.5 million to Nyva Pereyaslavshchyny LLC to finance the expansion of its pig breeding capacities , the construction of a meat-processing factory, bio-waste recycling facility and related working capital financing. The Project will lead to the increase of production capacities, enhanced vertical integration and the introduction of the best environmental practices. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49462XI-IATI-EBRD-52900European Bank for Reconstruction and DevelopmentA funded participation for up to EUR 25m equivalent in USD (the "EBRD Participation") in a three year syndicated revolving working capital facility of up to USD 100m (the "Facility") to Nibulon S.A. (the "Borrower") arranged by ING. The Facility will be in the form of a senior secured three year committed revolving loan to finance seasonal working capital needs associated with the trading operations of Nibulon Group. The EBRD Participation will support Nibulon Group in: i) assessing climate risks and impacts of its operations; ii) developing climate strategy, with a corporate climate governance enhancement action plan; and iii) continued development and maximise utilisation of river logistics networks.European Bank for Reconstruction and DevelopmentNIBULON SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.523825387376.35NIBULON SAPRIVATEPRIVATEPRIVATEA funded participation for up to EUR 25m equivalent in USD (the "EBRD Participation") in a three year syndicated revolving working capital facility of up to USD 100m (the "Facility") to Nibulon S.A. (the "Borrower") arranged by ING. The Facility will be in the form of a senior secured three year committed revolving loan to finance seasonal working capital needs associated with the trading operations of Nibulon Group. The EBRD Participation will support Nibulon Group in: i) assessing climate risks and impacts of its operations; ii) developing climate strategy, with a corporate climate governance enhancement action plan; and iii) continued development and maximise utilisation of river logistics networks. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52900XI-IATI-EBRD-53719European Bank for Reconstruction and DevelopmentThe senior secured loan of up to USD 25,000,000 to JSC Georgia Healthcare Group ("GHG") consisting of (i) a committed tranche of USD 10,000,000 to be used for the refinancing of the remaining exposure under the Resilience Framework ("'RF") Loan provided by the Bank; and (ii) an uncommitted tranche of USD 15,000,000 to finance part of the minority shareholder buyout of GHG's pharmaceutical business. The committed USD 10,000,000 under the Project will refinance the remaining exposure under the RF Loan provided by the Bank as part of its' response to the COVID-19 pandemic. The proceeds of the RF loan were originally used to fund short-term working capital needs as well as critical capital expenditures required for the GHG's important role in fighting COVID-19 virus pandemic. The proposed transaction will refinance the capex portion of the RF loan in order to match financing with long-term nature of the capital expenditures undertaken by GHG. The uncommitted USD 15,000,000 under the Project will partially finance the minority shareholder buyout of GHG's pharmaceutical business, JSC Gepha.European Bank for Reconstruction and DevelopmentGEORGIA PHARMACY GROUP JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTBILISI41.69411 44.8336821885669.27GEORGIA PHARMACY GROUP JSCPRIVATEPRIVATEPRIVATEThe senior secured loan of up to USD 25,000,000 to JSC Georgia Healthcare Group ("GHG") consisting of (i) a committed tranche of USD 10,000,000 to be used for the refinancing of the remaining exposure under the Resilience Framework ("'RF") Loan provided by the Bank; and (ii) an uncommitted tranche of USD 15,000,000 to finance part of the minority shareholder buyout of GHG's pharmaceutical business. The committed USD 10,000,000 under the Project will refinance the remaining exposure under the RF Loan provided by the Bank as part of its' response to the COVID-19 pandemic. The proceeds of the RF loan were originally used to fund short-term working capital needs as well as critical capital expenditures required for the GHG's important role in fighting COVID-19 virus pandemic. The proposed transaction will refinance the capex portion of the RF loan in order to match financing with long-term nature of the capital expenditures undertaken by GHG. The uncommitted USD 15,000,000 under the Project will partially finance the minority shareholder buyout of GHG's pharmaceutical business, JSC Gepha. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53719XI-IATI-EBRD-50885European Bank for Reconstruction and DevelopmentLong-term local currency senior unsecured loan to UniCredit Bank Serbia JSC ("UCB") for on-lending to small and medium enterprises (SMEs) in Serbia. The project will contribute to the expansion of lending to private businesses through working capital lines and investment loans to SMEs, including enterprises operating in economically less developed regions of the country. Furthermore, the transaction supports UCB's growth strategy and diversification of its funding sources. Loan will promote dinarization and help decrease FX mismatch in balance sheets of SME's which generate revenues in local currency.European Bank for Reconstruction and DevelopmentUNICREDIT BANK SERBIA JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651334931871.14UNICREDIT BANK SERBIA JSCPRIVATEPRIVATEPRIVATELong-term local currency senior unsecured loan to UniCredit Bank Serbia JSC ("UCB") for on-lending to small and medium enterprises (SMEs) in Serbia. The project will contribute to the expansion of lending to private businesses through working capital lines and investment loans to SMEs, including enterprises operating in economically less developed regions of the country. Furthermore, the transaction supports UCB's growth strategy and diversification of its funding sources. Loan will promote dinarization and help decrease FX mismatch in balance sheets of SME's which generate revenues in local currency. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50885XI-IATI-EBRD-57046European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to €50 million to Raiffeisen Bank Kosovo (RBKO) for on-lending to micro, small and medium enterprises (MSMEs) in Kosovo under the EBRD's Financial Intermediaries Framework (FIF). The project will contribute to RBKO's strategy to expand lending to the MSME segment. In addition, RBKO will aim to allocate 50 per cent of the proceeds of the loan for green sub-loans in accordance with the EBRD's Green Economy Transition (GET) eligibility criteria.European Bank for Reconstruction and DevelopmentRAIFFEISEN BANK KOSOVO SHAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRISTINA42.67272 21.166882500000050000000RAIFFEISEN BANK KOSOVO SHAPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to €50 million to Raiffeisen Bank Kosovo (RBKO) for on-lending to micro, small and medium enterprises (MSMEs) in Kosovo under the EBRD's Financial Intermediaries Framework (FIF). The project will contribute to RBKO's strategy to expand lending to the MSME segment. In addition, RBKO will aim to allocate 50 per cent of the proceeds of the loan for green sub-loans in accordance with the EBRD's Green Economy Transition (GET) eligibility criteria. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57046XI-IATI-EBRD-48156European Bank for Reconstruction and DevelopmentA senior loan of up to EUR 20 million to the City of Arad ("the City"), an existing client, located in the western part of Romania. The loan will finance investments in the city's urban mobility plan, with a specific focus on parking management systems and related investments. This project is proposed under Romania: Sustainable Mobility and Access to Road Transport Framework ("SMART") which was approved by the Board on 25 November. This project focuses on implementation of a modern, integrated parking management system and associated investments. In addition, it will enable the city to: (i) set up and enforce a parking regulation system; (ii) improve transport operations in the metropolitan area with some support from the Bank; (iii) participate in a benchmarking programme for the urban transport sector.European Bank for Reconstruction and DevelopmentCITY OF ARADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGARAD46.18333 21.3166720000000CITY OF ARAD2179211.74CITY OF ARAD4924443.62CITY OF ARAD3121047.31CITY OF ARAD1954509.07CITY OF ARAD1473437.9CITY OF ARAD1293242.62CITY OF ARAD1300183.01CITY OF ARAD1293924.73CITY OF ARAD800803.75CITY OF ARAD1366525.04CITY OF ARAD285825.65CITY OF ARADSTATESTATESTATESTATEA senior loan of up to EUR 20 million to the City of Arad ("the City"), an existing client, located in the western part of Romania. The loan will finance investments in the city's urban mobility plan, with a specific focus on parking management systems and related investments. This project is proposed under Romania: Sustainable Mobility and Access to Road Transport Framework ("SMART") which was approved by the Board on 25 November. This project focuses on implementation of a modern, integrated parking management system and associated investments. In addition, it will enable the city to: (i) set up and enforce a parking regulation system; (ii) improve transport operations in the metropolitan area with some support from the Bank; (iii) participate in a benchmarking programme for the urban transport sector. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48156XI-IATI-EBRD-47752European Bank for Reconstruction and DevelopmentA financing package of up to USD 125 million to Emirates NBD's Egyptian subsidiary. The facility will comprise a subordinated loan to support the planned growth of the bank and the financing of SMEs in the local market. The loan will be disbursed in two tranches of USD 50 million and USD 75 million respectively. The second tranche is uncommitted. The subordinated debt will be subject to regulatory approval by the Central Bank of Egypt. The subordinated debt will strengthen the capital base of Emirates NBD Egypt to support planned growth and the financing of SMEs in the local market.European Bank for Reconstruction and DevelopmentEMIRATES NATIONAL BANK OF DUBAI SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496787542677.06EMIRATES NATIONAL BANK OF DUBAI SAEPRIVATEPRIVATEPRIVATEA financing package of up to USD 125 million to Emirates NBD's Egyptian subsidiary. The facility will comprise a subordinated loan to support the planned growth of the bank and the financing of SMEs in the local market. The loan will be disbursed in two tranches of USD 50 million and USD 75 million respectively. The second tranche is uncommitted. The subordinated debt will be subject to regulatory approval by the Central Bank of Egypt. The subordinated debt will strengthen the capital base of Emirates NBD Egypt to support planned growth and the financing of SMEs in the local market. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47752XI-IATI-EBRD-54950European Bank for Reconstruction and DevelopmentEquity investment in SeeTree, a software company providing per-tree intelligence to growers to track their trees' health and productivity. Up to USD 5 million equity investment into Series C Preferred Shares of SeeTree Inc. ("SeeTree" or "Company"), a company incorporated in Israel working towards establishing a Ukrainian subsidiary, as part of a USD 16 million financing round. The Bank's investment would result in the Bank holding up to c. 13.6% (depending on the investment amount and final agreed valuation) ownership in the Company on a fully diluted basis.European Bank for Reconstruction and DevelopmentSEETREE SYSTEMS LTDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.52384569966.18SEETREE SYSTEMS LTDPRIVATEPRIVATEPRIVATEEquity investment in SeeTree, a software company providing per-tree intelligence to growers to track their trees' health and productivity. Up to USD 5 million equity investment into Series C Preferred Shares of SeeTree Inc. ("SeeTree" or "Company"), a company incorporated in Israel working towards establishing a Ukrainian subsidiary, as part of a USD 16 million financing round. The Bank's investment would result in the Bank holding up to c. 13.6% (depending on the investment amount and final agreed valuation) ownership in the Company on a fully diluted basis. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54950XI-IATI-EBRD-54457European Bank for Reconstruction and DevelopmentProvision of a EUR 15.0 million long-term loan to ECSO (the "Company) for new capital expenditures and refinancing. The project will address historical technological bottlenecks and will allow an increase in the product quality as well as will trigger an increase in the production capacity.European Bank for Reconstruction and DevelopmentECSO UABEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGVILNIUS54.68916 25.279815000000ECSO UABPRIVATEPRIVATEPRIVATEProvision of a EUR 15.0 million long-term loan to ECSO (the "Company) for new capital expenditures and refinancing. The project will address historical technological bottlenecks and will allow an increase in the product quality as well as will trigger an increase in the production capacity. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54457XI-IATI-EBRD-55900European Bank for Reconstruction and DevelopmentCo-investment alongside Enterprise Investors Fund IX to jointly acquire a significant minority stake in eTravel S.A. via a Poland-based SPV. The transaction is led by Enterprise Investors, a private equity fund operating in Central Europe, in which EBRD is an existing investor. The Value Creation Plan will focus on further regional market consolidation, new organic sales initiatives, further IT enhancements including AI implementation and financial reporting improvements.European Bank for Reconstruction and DevelopmentRIGANO SP ZOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.0117815089511153853RIGANO SP ZOOPRIVATEPRIVATEPRIVATECo-investment alongside Enterprise Investors Fund IX to jointly acquire a significant minority stake in eTravel S.A. via a Poland-based SPV. The transaction is led by Enterprise Investors, a private equity fund operating in Central Europe, in which EBRD is an existing investor. The Value Creation Plan will focus on further regional market consolidation, new organic sales initiatives, further IT enhancements including AI implementation and financial reporting improvements. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55900XI-IATI-EBRD-51720European Bank for Reconstruction and DevelopmentProvision of a EUR 2 million loan, in one tranche, under the Green Energy Financing Facility Western Balkans (GEFF-WB). The project contributes to the objectives of GEFF-WB, supporting the Green and Competitive TI quality.European Bank for Reconstruction and DevelopmentSPARKASSE BANK AD SKOPJEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.431412000000SPARKASSE BANK AD SKOPJEPRIVATEPRIVATEPRIVATEProvision of a EUR 2 million loan, in one tranche, under the Green Energy Financing Facility Western Balkans (GEFF-WB). The project contributes to the objectives of GEFF-WB, supporting the Green and Competitive TI quality. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51720XI-IATI-EBRD-57467European Bank for Reconstruction and DevelopmentThe provision of a senior unsecured loan of up to US$ 5 million to Arvand Bank, of which up to US$ 3.75 million to be provided by the EBRD and up to US$ 1.25 million by the Green Climate Fund (GCF) under the GCF-Green Economy Financing Facility Regional Framework (GCF-GEFF Programme in Tajikistan II). The proposed operation complies with the GCF GEFF Regional Framework criteria. This is the fifth loan to Arvand under the GCF GEFF Regional Framework, building on the successful utilisation of previous facilities and supporting the continued development and deepening of the green finance market in Tajikistan. The proceeds of the loan will be allocated to climate change mitigation and adaptation technologies. The transaction will support further expansion of Arvand's green lending products in a gender-responsive way.European Bank for Reconstruction and DevelopmentARVAND BANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKHUJAND40.28256 69.622161641425.191641425.19ARVAND BANK CJSCPRIVATEPRIVATEPRIVATEThe provision of a senior unsecured loan of up to US$ 5 million to Arvand Bank, of which up to US$ 3.75 million to be provided by the EBRD and up to US$ 1.25 million by the Green Climate Fund (GCF) under the GCF-Green Economy Financing Facility Regional Framework (GCF-GEFF Programme in Tajikistan II). The proposed operation complies with the GCF GEFF Regional Framework criteria. This is the fifth loan to Arvand under the GCF GEFF Regional Framework, building on the successful utilisation of previous facilities and supporting the continued development and deepening of the green finance market in Tajikistan. The proceeds of the loan will be allocated to climate change mitigation and adaptation technologies. The transaction will support further expansion of Arvand's green lending products in a gender-responsive way. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57467XI-IATI-EBRD-56760European Bank for Reconstruction and DevelopmentA senior unsecured MSME loan of up to EUR 10 mln under the Financial Intermediaries Framework (FIF) to Banka per Biznes (BpB), with proceeds to be used for on-lending to MSMEs in Kosovo in accordance with the FIF Policy Statement. BpB will aim to allocate 50% of the proceeds of the loan for green sub-loans in accordance with EBRD Green Economy Transition (GET) eligibility criteria. The project will contribute to BpB's strategy to expand lending to the MSME segment. In addition, the bank will upscale its green investment by aiming to allocate 50% of the proceeds to GET-eligible projects.European Bank for Reconstruction and DevelopmentBANKA PER BIZNES SHAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRISTINA42.67272 21.1668825000002500000BANKA PER BIZNES SHAPRIVATEPRIVATEPRIVATEA senior unsecured MSME loan of up to EUR 10 mln under the Financial Intermediaries Framework (FIF) to Banka per Biznes (BpB), with proceeds to be used for on-lending to MSMEs in Kosovo in accordance with the FIF Policy Statement. BpB will aim to allocate 50% of the proceeds of the loan for green sub-loans in accordance with EBRD Green Economy Transition (GET) eligibility criteria. The project will contribute to BpB's strategy to expand lending to the MSME segment. In addition, the bank will upscale its green investment by aiming to allocate 50% of the proceeds to GET-eligible projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56760XI-IATI-EBRD-50146European Bank for Reconstruction and DevelopmentProvision of a long-term senior loan of EUR 100 million (or the equivalent in TRY) to Migros Ticaret A.S. ("Migros" or the "Company"), the second largest retailer in Turkey, to finance the company's capex programme in Turkey. The Bank signed the initial committed tranche of EUR 60 million (disbursed in TRY in January 2019) in December 2018 and signed and committed the previously uncommitted tranche of EUR 40 million in June 2019. The proceeds of the loan will enable Migros to launch an extensive capex programme by supporting the roll-out of "green" stores and refurbishment and resource efficiency investments for upgrade and modernisation of existing stores, logistic infrastructure and implementation of EU best industry techniques in any further expansion.European Bank for Reconstruction and DevelopmentMIGROS TICARET ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496614108522.94MIGROS TICARET ASPRIVATEPRIVATEPRIVATEProvision of a long-term senior loan of EUR 100 million (or the equivalent in TRY) to Migros Ticaret A.S. ("Migros" or the "Company"), the second largest retailer in Turkey, to finance the company's capex programme in Turkey. The Bank signed the initial committed tranche of EUR 60 million (disbursed in TRY in January 2019) in December 2018 and signed and committed the previously uncommitted tranche of EUR 40 million in June 2019. The proceeds of the loan will enable Migros to launch an extensive capex programme by supporting the roll-out of "green" stores and refurbishment and resource efficiency investments for upgrade and modernisation of existing stores, logistic infrastructure and implementation of EU best industry techniques in any further expansion. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50146XI-IATI-EBRD-50196European Bank for Reconstruction and DevelopmentTurkey Growth Fund IV (Turkven) - An equity commitment in favour of Turkey Growth Fund IV L.P. (the "Fund"). The Fund seeks to generate long-term capital gains from equity and quasi-equity investments in mid-cap companies, predominantly in Turkey.European Bank for Reconstruction and DevelopmentTURKEY GROWTH FUND IV LPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANKARA39.91987 32.8542714220390.0967753801.86TURKEY GROWTH FUND IV LPPRIVATEPRIVATEPRIVATEAn equity commitment in favour of Turkey Growth Fund IV L.P. (the "Fund"). The Fund seeks to generate long-term capital gains from equity and quasi-equity investments in mid-cap companies, predominantly in Turkey. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50196XI-IATI-EBRD-53753European Bank for Reconstruction and DevelopmentUSD 45 million loan with 7-year tenor (the "Loan") in favour of Galata Wind Enerji A.S. (the "Company" or "Galata Wind"), a listed renewable energy company incorporated in Türkiye. The proceeds of the Loan are planned to be used to finance the renewable energy investments of up to 50 MW of extension projects for Mersin WPP and Sah WPP (the "Project").European Bank for Reconstruction and DevelopmentGALATA WIND ENERJI ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496613131401.5539394204.67GALATA WIND ENERJI ASPRIVATEPRIVATEPRIVATEUSD 45 million loan with 7-year tenor (the "Loan") in favour of Galata Wind Enerji A.S. (the "Company" or "Galata Wind"), a listed renewable energy company incorporated in Türkiye. The proceeds of the Loan are planned to be used to finance the renewable energy investments of up to 50 MW of extension projects for Mersin WPP and Sah WPP (the "Project"). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53753XI-IATI-EBRD-48298European Bank for Reconstruction and DevelopmentThe provision a sovereign loan of up to EUR 205 million (or USD equivalent) to the Arab Republic of Egypt to finance the rehabilitation of the existing infrastructure of Cairo Metro Line I, which will cover urgent infrastructure investments in signalling, telecoms, controls and track works. It is expected that the project will be co-financed by a sovereign loan of up to EUR 350 million from the European Investment Bank ("EIB") and EUR 50 million from the Agence Francaise de Developpement("AfD"). The project will be implemented by the National Authority for Tunnels ("NAT"), a government agency under the jurisdiction of the Ministry of Transport ("MOT") and will be carefully co-ordinated with the Egyptian Company for Metro ("ECM"), the operator, as the rehabilitation will take place while the line is in operation. The Bank has developed an Integrated Approach ("IA") to Cairo's urban transport sector which comprises a series of investments across all modes of urban transportation in Greater Cairo focusing on improving functionality, quality and efficiency of public transport services. The objective of the IA is to achieve greater commercialisation of services, enhanced private sector participation, improved regulation, and increased opportunities for on the job training as well as the use of carbon monetisation mechanisms. The proposed project is the second of a series of investments presented under the IA. It is designed to provide the needed rehabilitation of Cairo Metro Line I's existing infrastructure with an aim to restore it to its original design capabilities and potentially reduce traffic headway (minimum possible time between two trains) to increase capacity through introduction of CBTC signalling technology. Accordingly, the project will enable the provision of safe, reliable and environmentally friendly transportation for up to 2 million passengers per day and provide energy efficiency and emissions savings.European Bank for Reconstruction and DevelopmentEGYPT SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.24967135162730205000000EGYPT SOVEREIGN2050000EGYPT SOVEREIGN33893635EGYPT SOVEREIGN33893635EGYPT SOVEREIGNSTATESTATESTATESTATEThe provision a sovereign loan of up to EUR 205 million (or USD equivalent) to the Arab Republic of Egypt to finance the rehabilitation of the existing infrastructure of Cairo Metro Line I, which will cover urgent infrastructure investments in signalling, telecoms, controls and track works. It is expected that the project will be co-financed by a sovereign loan of up to EUR 350 million from the European Investment Bank ("EIB") and EUR 50 million from the Agence Francaise de Developpement("AfD"). The project will be implemented by the National Authority for Tunnels ("NAT"), a government agency under the jurisdiction of the Ministry of Transport ("MOT") and will be carefully co-ordinated with the Egyptian Company for Metro ("ECM"), the operator, as the rehabilitation will take place while the line is in operation. The Bank has developed an Integrated Approach ("IA") to Cairo's urban transport sector which comprises a series of investments across all modes of urban transportation in Greater Cairo focusing on improving functionality, quality and efficiency of public transport services. The objective of the IA is to achieve greater commercialisation of services, enhanced private sector participation, improved regulation, and increased opportunities for on the job training as well as the use of carbon monetisation mechanisms. The proposed project is the second of a series of investments presented under the IA. It is designed to provide the needed rehabilitation of Cairo Metro Line I's existing infrastructure with an aim to restore it to its original design capabilities and potentially reduce traffic headway (minimum possible time between two trains) to increase capacity through introduction of CBTC signalling technology. Accordingly, the project will enable the provision of safe, reliable and environmentally friendly transportation for up to 2 million passengers per day and provide energy efficiency and emissions savings. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48298XI-IATI-EBRD-48128European Bank for Reconstruction and DevelopmentAn equity investment in Odea Bank of Turkey through participation in TL 1 billion (Turkish lira) capital increase of the bank alongside IFC and a number of private Middle Eastern investors. Contribution to the capital increase that will provide Odea Bank with additional financial flexibility and will allow it to expand its financing in the real sector in Turkey, fund large scale infrastructure projects, increase access to finance for small and medium-sized enterprises (SMEs), and invest in new technologies to strengthen its digital banking network to reach one million unbanked people in Turkey.European Bank for Reconstruction and DevelopmentODEA BANK ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496679323595.84ODEA BANK ASPRIVATEPRIVATEPRIVATEAn equity investment in Odea Bank of Turkey through participation in TL 1 billion (Turkish lira) capital increase of the bank alongside IFC and a number of private Middle Eastern investors. Contribution to the capital increase that will provide Odea Bank with additional financial flexibility and will allow it to expand its financing in the real sector in Turkey, fund large scale infrastructure projects, increase access to finance for small and medium-sized enterprises (SMEs), and invest in new technologies to strengthen its digital banking network to reach one million unbanked people in Turkey. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48128XI-IATI-EBRD-53708European Bank for Reconstruction and DevelopmentThe EBRD provided up to USD 100 million long-term loan or its EUR or TRY equivalent to Brisa Bridgestone Sabanci Lastik Sanayi ve Ticaret A.S. (the "Company", or "Brisa") to finance the Company's new capital expenditure program, which consists of new machine and equipment acquisition and capacity increase in Aksaray plant as well as modernization in Izmit plant in Turkey. The proceeds of the financing will enable Brisa to implement a large-scale investment plan for modernisation and capacity increase in its Aksaray and Izmit plants in Turkiye in order to increase manufacturing of fuel-efficient and low-carbon emission products. The Project will have significant climate change mitigation benefits and support the Company achieve its GHG emission targets by demonstrating a substantial reduction in net GHG emissions through Scope 3, while further strengthening Brisa's sustainability practices consistent with the objectives of the Paris Agreement. The Project is aligned with the EBRD's Green Economy Transition Approach ("GET"). Furthermore, the Project will enable the Company to strengthen its human resources policies through the introduction of gender-based violence and harassment (GBVH) provisions in line with international best practices. The Project is in line with EBRD's Strategy for Turkiye as it supports increased energy and resource efficiency, climate resilience and environmental performance.European Bank for Reconstruction and DevelopmentBRISA BRIDGESTONE SABANCI LASTIK SANAYI VE TICARET ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGAKSARAY38.37255 34.0253787542677.06BRISA BRIDGESTONE SABANCI LASTIK SANAYI VE TICARET ASPRIVATEPRIVATEPRIVATEThe EBRD provided up to USD 100 million long-term loan or its EUR or TRY equivalent to Brisa Bridgestone Sabanci Lastik Sanayi ve Ticaret A.S. (the "Company", or "Brisa") to finance the Company's new capital expenditure program, which consists of new machine and equipment acquisition and capacity increase in Aksaray plant as well as modernization in Izmit plant in Turkey. The proceeds of the financing will enable Brisa to implement a large-scale investment plan for modernisation and capacity increase in its Aksaray and Izmit plants in Turkiye in order to increase manufacturing of fuel-efficient and low-carbon emission products. The Project will have significant climate change mitigation benefits and support the Company achieve its GHG emission targets by demonstrating a substantial reduction in net GHG emissions through Scope 3, while further strengthening Brisa's sustainability practices consistent with the objectives of the Paris Agreement. The Project is aligned with the EBRD's Green Economy Transition Approach ("GET"). Furthermore, the Project will enable the Company to strengthen its human resources policies through the introduction of gender-based violence and harassment (GBVH) provisions in line with international best practices. The Project is in line with EBRD's Strategy for Turkiye as it supports increased energy and resource efficiency, climate resilience and environmental performance. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53708XI-IATI-EBRD-47805European Bank for Reconstruction and DevelopmentInvestment in an Armenia focused private equity fund (the "Fund"). The potential project forms part of the Small and Medium Enterprise Finance and Advice Facility (the "Facility"), a joint initiative between EBRD and the European Union focused on private sector development in Armenia and, specifically, improving access to finance for Armenian SMEs. Diversify the financing solutions available to SMEs in Armenia whilst achieving long-term capital growth by delivering equity and quasi-equity financing to companies in the country.European Bank for Reconstruction and DevelopmentEU-ARMENIA SME FUND SCSPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYEREVAN40.18111 44.51361439639.394483051.75EU-ARMENIA SME FUND SCSPPRIVATEPRIVATEPRIVATEInvestment in an Armenia focused private equity fund (the "Fund"). The potential project forms part of the Small and Medium Enterprise Finance and Advice Facility (the "Facility"), a joint initiative between EBRD and the European Union focused on private sector development in Armenia and, specifically, improving access to finance for Armenian SMEs. Diversify the financing solutions available to SMEs in Armenia whilst achieving long-term capital growth by delivering equity and quasi-equity financing to companies in the country. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47805XI-IATI-EBRD-54364European Bank for Reconstruction and DevelopmentPortfolio Risk Sharing ("PRS") in the form of an unfunded portfolio guarantee of up to EUR 20.0 million provided by the Bank in favour of BC "MAIB" SA ("MAIB"). The guarantee will cover up to 50% of the credit risk on a pro rata basis on the newly-generated micro, small and medium-sized enterprises ("MSME") loan portfolio of up to EUR 40.0 million originated by MAIB. This project is one of the first pilot implementation of the Portfolio Risk Sharing product by the EBRD in Moldova. The product aims to release a bank's risk-taking capacity to boost on-lending to MSMEs, addressing an MSME financing gap in the market.European Bank for Reconstruction and DevelopmentBC MAIB SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCHISINAU47.00556 28.85752000000020000000BC MAIB SAPRIVATEPRIVATEPRIVATEPortfolio Risk Sharing ("PRS") in the form of an unfunded portfolio guarantee of up to EUR 20.0 million provided by the Bank in favour of BC "MAIB" SA ("MAIB"). The guarantee will cover up to 50% of the credit risk on a pro rata basis on the newly-generated micro, small and medium-sized enterprises ("MSME") loan portfolio of up to EUR 40.0 million originated by MAIB. This project is one of the first pilot implementation of the Portfolio Risk Sharing product by the EBRD in Moldova. The product aims to release a bank's risk-taking capacity to boost on-lending to MSMEs, addressing an MSME financing gap in the market. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54364XI-IATI-EBRD-51551European Bank for Reconstruction and DevelopmentProvision of up to MAD 428,000,000 (EUR 40,000,000 equivalent) long-term debt financing to Caixa Bank Succursale au Maroc (CBSM) for on-lending to small and medium-sized enterprises (SMEs) in Morocco. Contribution to the expansion of lending to private businesses through working capital lines and investment loans to SMEs, including enterprises operating in the Moroccan regions.European Bank for Reconstruction and DevelopmentCAIXABANK SA SUCCURSALE AU MAROCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCASABLANCA33.58831 -7.6113839924416CAIXABANK SA SUCCURSALE AU MAROCPRIVATEPRIVATEPRIVATEProvision of up to MAD 428,000,000 (EUR 40,000,000 equivalent) long-term debt financing to Caixa Bank Succursale au Maroc (CBSM) for on-lending to small and medium-sized enterprises (SMEs) in Morocco. Contribution to the expansion of lending to private businesses through working capital lines and investment loans to SMEs, including enterprises operating in the Moroccan regions. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51551XI-IATI-EBRD-53125European Bank for Reconstruction and DevelopmentProvision of a EUR 30 million long-term loan to Scandagra Group A.B. ("Scandagra" or the "company"), a leading agribusiness trader and inputs supplier to farmers in Lithuania, Latvia and Estonia. The EBRD funding will be used to finance part of Scandagra's working capital needs.European Bank for Reconstruction and DevelopmentSCANDAGRA GROUP ABEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTALLINN59.43696 24.75353VILNIUS54.68916 25.2798RIGA56.946 24.1058930000000SCANDAGRA GROUP ABPRIVATEPRIVATEPRIVATEProvision of a EUR 30 million long-term loan to Scandagra Group A.B. ("Scandagra" or the "company"), a leading agribusiness trader and inputs supplier to farmers in Lithuania, Latvia and Estonia. The EBRD funding will be used to finance part of Scandagra's working capital needs. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53125XI-IATI-EBRD-54685European Bank for Reconstruction and DevelopmentEBRD secured senior loan of €50 million to public electricity generation utility JP Elektroprivreda Bosne i Hercegovine d.d. Sarajevo ("EPBiH" or the " Company") for the development, construction, and operation of eight solar photovoltaic plants (85MWp in total) located at Zivnice, Mostar and Breza (the " Project"). The total financing will be sized to cover the estimated €80.8 million capex of the project as well as the costs of lenders' advisors and is expected to be co-financed by EBRD and a commercial bank via a parallel loan. The Project will be procured and financed in two tranches: i) first tranche will include three solar photovoltaic plants (Gornja Breza, Visca, Podvelezje - 28 MWp in total) and ii) second tranche will include five solar photovoltaic plants (Bedrok 1,2 & 3, Banovici Selo, Potocari - 57 MWp in total). The Project benefits from a first loss risk cover from the European Fund for Sustainable Development plus (EFSD+) Hi-Bar guarantee programme. The programme contributes to economies in the European Neighbourhood by supporting sustainable investments in energy transition. Acceleration of EPBiH renewable investments, supporting a progressive implementation of the Company's ambitious decarbonisation agenda. The majority of the portfolio will be developed on decommissioned and recultivated coal mine sites, creating alternative employment opportunities in these Bosnian regions historically heavily reliant on coal mining. This is only the second large scale solar PV investment progressed by the Company and another very meaningful future contributor to avoided greenhouse gas ("GHG") emissions, as well as important electricity generation source during summer peaks allowing for greater availability of water for climate change adaptation. This will assist the country in its low-carbon transition and commitment to align with the Paris Agreement.European Bank for Reconstruction and DevelopmentJP ELEKTROPRIVREDA BOSNE I HERCEGOVINE DD - SARAJEVOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.356441500000015000000JP ELEKTROPRIVREDA BOSNE I HERCEGOVINE DD - SARAJEVOSTATESTATESTATESTATEEBRD secured senior loan of €50 million to public electricity generation utility JP Elektroprivreda Bosne i Hercegovine d.d. Sarajevo ("EPBiH" or the " Company") for the development, construction, and operation of eight solar photovoltaic plants (85MWp in total) located at Zivnice, Mostar and Breza (the " Project"). The total financing will be sized to cover the estimated €80.8 million capex of the project as well as the costs of lenders' advisors and is expected to be co-financed by EBRD and a commercial bank via a parallel loan. The Project will be procured and financed in two tranches: i) first tranche will include three solar photovoltaic plants (Gornja Breza, Visca, Podvelezje - 28 MWp in total) and ii) second tranche will include five solar photovoltaic plants (Bedrok 1,2 & 3, Banovici Selo, Potocari - 57 MWp in total). The Project benefits from a first loss risk cover from the European Fund for Sustainable Development plus (EFSD+) Hi-Bar guarantee programme. The programme contributes to economies in the European Neighbourhood by supporting sustainable investments in energy transition. Acceleration of EPBiH renewable investments, supporting a progressive implementation of the Company's ambitious decarbonisation agenda. The majority of the portfolio will be developed on decommissioned and recultivated coal mine sites, creating alternative employment opportunities in these Bosnian regions historically heavily reliant on coal mining. This is only the second large scale solar PV investment progressed by the Company and another very meaningful future contributor to avoided greenhouse gas ("GHG") emissions, as well as important electricity generation source during summer peaks allowing for greater availability of water for climate change adaptation. This will assist the country in its low-carbon transition and commitment to align with the Paris Agreement. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54685XI-IATI-EBRD-52743European Bank for Reconstruction and DevelopmentThe provision of a EUR 20.0 million senior unsecured loan to Tat Gida Sanayi A.S. ("Tat Gida", the "Company" or the "Borrower"), a canned food and tomato products processor based in Turkey. The proceeds of the Loan will be used to finance Tat Gida's (i) 2022-23 capex programme in Turkey (EUR 10m) to support its growth plans including additional production capacity investments in tomato paste and canned food segments, modernization and efficiency investments, (ii) permanent working capital requirements (EUR 5m) and (iii) working capital/balance sheet restructuring of its existing shorter-tenor loans (EUR 5m).European Bank for Reconstruction and DevelopmentTAT GIDA SANAYI ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKARACABEY40.21323 28.361215000000TAT GIDA SANAYI ASPRIVATEPRIVATEPRIVATEThe provision of a EUR 20.0 million senior unsecured loan to Tat Gida Sanayi A.S. ("Tat Gida", the "Company" or the "Borrower"), a canned food and tomato products processor based in Turkey. The proceeds of the Loan will be used to finance Tat Gida's (i) 2022-23 capex programme in Turkey (EUR 10m) to support its growth plans including additional production capacity investments in tomato paste and canned food segments, modernization and efficiency investments, (ii) permanent working capital requirements (EUR 5m) and (iii) working capital/balance sheet restructuring of its existing shorter-tenor loans (EUR 5m). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52743XI-IATI-EBRD-49072European Bank for Reconstruction and DevelopmentA senior secured A/B loan of up to USD 70 million to finance the construction of an up to 51 MW solar photovoltaic plant located in Safawi Area, 150 km east of Amman, Jordan. The Project will support the country's goals of increasing renewable energy capacity, reducing reliance on costly hydrocarbon imports and meeting rapidly growing electricity demand. As part of the government's second round of direct proposals for solar (Round 2), the Project represents an important part of its ambitious programme to generate 10% of Jordan's electricity demand from renewables by 2020 and reduce greenhouse gas emissions to 14% below business-as-usual levels by 2030.European Bank for Reconstruction and DevelopmentALSAFAWI FOR GREEN ENERGY PSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGAMMAN31.95522 35.9450328271377.92ALSAFAWI FOR GREEN ENERGY PSCPRIVATEPRIVATEPRIVATEA senior secured A/B loan of up to USD 70 million to finance the construction of an up to 51 MW solar photovoltaic plant located in Safawi Area, 150 km east of Amman, Jordan. The Project will support the country's goals of increasing renewable energy capacity, reducing reliance on costly hydrocarbon imports and meeting rapidly growing electricity demand. As part of the government's second round of direct proposals for solar (Round 2), the Project represents an important part of its ambitious programme to generate 10% of Jordan's electricity demand from renewables by 2020 and reduce greenhouse gas emissions to 14% below business-as-usual levels by 2030. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49072XI-IATI-EBRD-53000European Bank for Reconstruction and DevelopmentProvision of a USD 20 million to purchase an equity stake in Biotrend Cevre ve Enerji Yatirimlari A.S. (the "Company" or "Biotrend"). Biotrend is engaged in integrated waste management and waste to energy production. The Company has been listed on Borsa Istanbul since April 2021. As a result of the transaction, EBRD will be a minority shareholder with a stake less than 10%. The equity investment into Biotrend solidifies EBRD's aim to promote private sector participation in municipal waste management. The Bank has an ongoing policy dialogue with the Ministry of Environment and Urbanisation to upgrade the legal framework for municipal PPPs with a focus on bankability. The Project is in line with the Bank's Strategy for Turkey (BDS/TU/19-01(F)), Municipal and Environmental Infrastructure Sector Strategy (BDS19-069(F)) and the Green Economy Transition Approach 2021 i 2025 (BDS20-082(F)) and Strategy for the Promotion of Gender Equality 2016-2020 (BDS15-264(F)).European Bank for Reconstruction and DevelopmentBIOTREND CEVRE VE ENERJI YATIRIMLARI ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANKARA39.91987 32.8542716930501BIOTREND CEVRE VE ENERJI YATIRIMLARI ASPRIVATEPRIVATEPRIVATEProvision of a USD 20 million to purchase an equity stake in Biotrend Cevre ve Enerji Yatirimlari A.S. (the "Company" or "Biotrend"). Biotrend is engaged in integrated waste management and waste to energy production. The Company has been listed on Borsa Istanbul since April 2021. As a result of the transaction, EBRD will be a minority shareholder with a stake less than 10%. The equity investment into Biotrend solidifies EBRD's aim to promote private sector participation in municipal waste management. The Bank has an ongoing policy dialogue with the Ministry of Environment and Urbanisation to upgrade the legal framework for municipal PPPs with a focus on bankability. The Project is in line with the Bank's Strategy for Turkey (BDS/TU/19-01(F)), Municipal and Environmental Infrastructure Sector Strategy (BDS19-069(F)) and the Green Economy Transition Approach 2021 i 2025 (BDS20-082(F)) and Strategy for the Promotion of Gender Equality 2016-2020 (BDS15-264(F)). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53000XI-IATI-EBRD-48610European Bank for Reconstruction and DevelopmentThe EBRD signed a senior loan of up to USD 21 million, which will include USD 1.5 million under the Near Zero Waste Programme, to Tersan Tersanecilik Tasimacilik Sanayi ve Ticaret A.S. to finance the construction of a new floating dock for servicing, retrofitting and repairing of commercial maritime vessels near Istanbul, Turkey. Total project costs are estimated at USD 31.4 million. The primary purpose of the project is the strengthening of Tersan's service offering and the expansion of the Company's activities in the maritime vessel maintenance industry in Turkey . Tersan will replace an existing leased dock with the planned investment. Construction of the floating dock will enable Tersan to expand its operations into Panamax sized vessels, providing much needed capacity for the sector. Tersan is also committed to introducing several state-of-the-art waste minimisation technologies, such as ultra-high-pressure hydroblasting, which is considered one of the most environmentally friendly cleaning techniques in the industry. The new dock will also enable Tersan to increase its service offering for maintaining ships, retrofitting them to run on liquefied natural gas as fuel and installing ballast water treatment technology.European Bank for Reconstruction and DevelopmentTERSAN TERSANECILIK TASIMACILIK SANAYI VE TICARET ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYALOVA40.65501 29.276930.0117070822.03TERSAN TERSANECILIK TASIMACILIK SANAYI VE TICARET ASPRIVATEPRIVATEPRIVATEThe EBRD signed a senior loan of up to USD 21 million, which will include USD 1.5 million under the Near Zero Waste Programme, to Tersan Tersanecilik Tasimacilik Sanayi ve Ticaret A.S. to finance the construction of a new floating dock for servicing, retrofitting and repairing of commercial maritime vessels near Istanbul, Turkey. Total project costs are estimated at USD 31.4 million. The primary purpose of the project is the strengthening of Tersan's service offering and the expansion of the Company's activities in the maritime vessel maintenance industry in Turkey . Tersan will replace an existing leased dock with the planned investment. Construction of the floating dock will enable Tersan to expand its operations into Panamax sized vessels, providing much needed capacity for the sector. Tersan is also committed to introducing several state-of-the-art waste minimisation technologies, such as ultra-high-pressure hydroblasting, which is considered one of the most environmentally friendly cleaning techniques in the industry. The new dock will also enable Tersan to increase its service offering for maintaining ships, retrofitting them to run on liquefied natural gas as fuel and installing ballast water treatment technology. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48610XI-IATI-EBRD-49349European Bank for Reconstruction and DevelopmentInnova/6 private equity fund - An equity investment of up to EUR 40 million in Innova/6 (the "Fund"). The Fund will seek to generate long-term capital gains from equity and quasi-equity buyout investments in a diversified portfolio of mid-cap companies in Poland and Central and South Eastern Europe ("CSE") with a primary focus on Poland.European Bank for Reconstruction and DevelopmentINNOVA 6 SCA SICAR RAIFEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.01178BUCHAREST44.43225 26.10626LJUBLJANA46.05108 14.50513BRATISLAVA48.14816 17.106741477292.7940000000INNOVA 6 SCA SICAR RAIFPRIVATEPRIVATEPRIVATEAn equity investment of up to EUR 40 million in Innova/6 (the "Fund"). The Fund will seek to generate long-term capital gains from equity and quasi-equity buyout investments in a diversified portfolio of mid-cap companies in Poland and Central and South Eastern Europe ("CSE") with a primary focus on Poland. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49349XI-IATI-EBRD-57010European Bank for Reconstruction and DevelopmentA senior loan of up to EUR 13 million to provide emergency liquidity support to the City of Kryvyi Rih (the "City") and its key municipal public transport operators in order to mitigate the effect of the ongoing war on the City's financial position and on its resident population (the "Project"). The recipients of liquidity support from the City are expected to be: (i) the Communal Enterprise "Miskyi Trolleybus", existing client of the Bank under UPTF - Kryvyi Rih Trolleybus (OP ID 48988), (ii) the Communal Enterprise "Shvydkisnyi Tramvay", a municipal tram operator (the "Recipients"). In the current war environment, the Bank intends to use an available guarantee from Spain to cover 40% of the proposed loan, structured on a pari passu basis with EBRD's financing. The Bank's loan is expected to support the key municipal public transport operators in 2026-2027 by addressing their critical liquidity needs. This support aims to ensure uninterrupted provision of essential public transport services in response to direct damage from the war, increased demand for services due to a substantial number of internally displaced people and the City's diminishing liquidity. The proceeds of the Bank's loan will support the City's vital municipal transport operators with the day-to-day running costs (i.e., payroll, utilities), maintenance costs and servicing the debt under the existing project with the EBRD (if required). In absence of the Bank's support, given the ongoing war and the effects on the local economy and ongoing forced displacement and labour market volatility, there is a high risk of disruptions in infrastructure services provision, compromising infrastructure service delivery, which is needed both for Kryvyi Rih's economic recovery and the private sector in the City. The Bank's liquidity support is therefore important to help reduce these risks, support the continued delivery of critical services and contribute to the City's economic resilience during the war.European Bank for Reconstruction and DevelopmentCITY OF KRYVYI RIHEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKRYVYI RIH47.90966 33.38044600000013000000CITY OF KRYVYI RIH2600000CITY OF KRYVYI RIH4400000CITY OF KRYVYI RIHSTATESTATESTATESTATEA senior loan of up to EUR 13 million to provide emergency liquidity support to the City of Kryvyi Rih (the "City") and its key municipal public transport operators in order to mitigate the effect of the ongoing war on the City's financial position and on its resident population (the "Project"). The recipients of liquidity support from the City are expected to be: (i) the Communal Enterprise "Miskyi Trolleybus", existing client of the Bank under UPTF - Kryvyi Rih Trolleybus (OP ID 48988), (ii) the Communal Enterprise "Shvydkisnyi Tramvay", a municipal tram operator (the "Recipients"). In the current war environment, the Bank intends to use an available guarantee from Spain to cover 40% of the proposed loan, structured on a pari passu basis with EBRD's financing. The Bank's loan is expected to support the key municipal public transport operators in 2026-2027 by addressing their critical liquidity needs. This support aims to ensure uninterrupted provision of essential public transport services in response to direct damage from the war, increased demand for services due to a substantial number of internally displaced people and the City's diminishing liquidity. The proceeds of the Bank's loan will support the City's vital municipal transport operators with the day-to-day running costs (i.e., payroll, utilities), maintenance costs and servicing the debt under the existing project with the EBRD (if required). In absence of the Bank's support, given the ongoing war and the effects on the local economy and ongoing forced displacement and labour market volatility, there is a high risk of disruptions in infrastructure services provision, compromising infrastructure service delivery, which is needed both for Kryvyi Rih's economic recovery and the private sector in the City. The Bank's liquidity support is therefore important to help reduce these risks, support the continued delivery of critical services and contribute to the City's economic resilience during the war. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57010XI-IATI-EBRD-52771European Bank for Reconstruction and DevelopmentProvision of a senior loan up to EUR 25 million (the "Loan") in favour of Bartu Turizm Yatirimlari A.S (the "Borrower" or "Bartu Turizm") to refinance its outstanding short-term loans. EBRD's financing will be response to the COVID-19 pandemic which significantly affected the Company's operations due to the social and travel restrictions. The Project will provide relief to strain on the Company's cash flow with a long amortization schedule and hence help it withstand the impact of the ongoing COVID-19 pandemic.European Bank for Reconstruction and DevelopmentBARTU TURIZM YATIRIMLARI ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANTALYA36.90812 30.6955625000000BARTU TURIZM YATIRIMLARI ASPRIVATEPRIVATEPRIVATEProvision of a senior loan up to EUR 25 million (the "Loan") in favour of Bartu Turizm Yatirimlari A.S (the "Borrower" or "Bartu Turizm") to refinance its outstanding short-term loans. EBRD's financing will be response to the COVID-19 pandemic which significantly affected the Company's operations due to the social and travel restrictions. The Project will provide relief to strain on the Company's cash flow with a long amortization schedule and hence help it withstand the impact of the ongoing COVID-19 pandemic. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52771XI-IATI-EBRD-52754European Bank for Reconstruction and DevelopmentGrCF2 W1-Chisinau River Bic Rehabilitation and Flood Protection Project (the "Project") will be a follow-on investment with the City under the Green Cities Framework 2 -Window 1 ("GrCF2W1"), addressing the priority environmental challenges of climate adaptation and water quality, as well as supporting the implementation of the Green City Action Plan ("GCAP") strategic objective of climate resilient blue-green infrastructure. The proceeds of the Bank's investment and grant funds will be used to implement the first phase of interventions designed to mitigate the risk of the River Bic (the "River") flooding; better safeguarding people, properties and commerce from the negative impact of severe flooding which is expected to become more harmful through the predicted impact of climate change, specifically with more intense, short duration rainfall events. The Project will finance a blend of solutions that help to control the attenuation, release and conveyance of rain and river water, ranging from i) restoring current storm drains, ii) piloting sustainable urban drainage solutions, iii) installation of flap valves, to iv) re-grading of river sections to increase capacity. The Project aims to regenerate the River Bic to become an attractive asset for the city and the region. The Project and its corresponding urban interventions have the potential to support the transformative ambitions of the City, not only preventing further degradation to the River but bringing it back to life and restoring the natural environment. It is expected that an improved quality of open-air life in the reaches of the River would foster sociability and stimulate the city's economic revival, with the aim to enhance the city centre's power of attraction. The Project will reduce the harm and costs associated with increased flooding risk to around 2,100 people and restore water quality and appeal of the River, providing alternatives for recreation, amenity and sustainable mobility to around 100,000 people who live, work and visit the city. This will have positive impacts for health and wellbeing. The Project would be the Bank's first to formally implement a form of Nature Based Solution ("NBS"), the Sustainable Urban Drainage, as part of sustainable and climate resilient infrastructure.European Bank for Reconstruction and DevelopmentCITY OF CHISINAUEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCHISINAU47.00556 28.857557396038000000CITY OF CHISINAU283700CITY OF CHISINAU385676.5CITY OF CHISINAU279356CITY OF CHISINAU476970CITY OF CHISINAU527935CITY OF CHISINAU306759.5CITY OF CHISINAUSTATESTATESTATESTATEGrCF2 W1-Chisinau River Bic Rehabilitation and Flood Protection Project (the "Project") will be a follow-on investment with the City under the Green Cities Framework 2 -Window 1 ("GrCF2W1"), addressing the priority environmental challenges of climate adaptation and water quality, as well as supporting the implementation of the Green City Action Plan ("GCAP") strategic objective of climate resilient blue-green infrastructure. The proceeds of the Bank's investment and grant funds will be used to implement the first phase of interventions designed to mitigate the risk of the River Bic (the "River") flooding; better safeguarding people, properties and commerce from the negative impact of severe flooding which is expected to become more harmful through the predicted impact of climate change, specifically with more intense, short duration rainfall events. The Project will finance a blend of solutions that help to control the attenuation, release and conveyance of rain and river water, ranging from i) restoring current storm drains, ii) piloting sustainable urban drainage solutions, iii) installation of flap valves, to iv) re-grading of river sections to increase capacity. The Project aims to regenerate the River Bic to become an attractive asset for the city and the region. The Project and its corresponding urban interventions have the potential to support the transformative ambitions of the City, not only preventing further degradation to the River but bringing it back to life and restoring the natural environment. It is expected that an improved quality of open-air life in the reaches of the River would foster sociability and stimulate the city's economic revival, with the aim to enhance the city centre's power of attraction. The Project will reduce the harm and costs associated with increased flooding risk to around 2,100 people and restore water quality and appeal of the River, providing alternatives for recreation, amenity and sustainable mobility to around 100,000 people who live, work and visit the city. This will have positive impacts for health and wellbeing. The Project would be the Bank's first to formally implement a form of Nature Based Solution ("NBS"), the Sustainable Urban Drainage, as part of sustainable and climate resilient infrastructure. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52754XI-IATI-EBRD-51438European Bank for Reconstruction and DevelopmentExtension of a sovereign loan of up to EUR 5 million to Georgia for the benefit of Bakuriani to expand the fleet of specialised vehicles and machinery aimed at improving the quality of the municipal services. The proceeds of the loan will also finance up to 10 units of buses. The proposed investment will improve the quality of municipal services and safety measures in Bakuriani. The Project envisages procurement of modern buses for passenger transportation as well as equipment for solid waste management and specialised municipal works.European Bank for Reconstruction and DevelopmentGEORGIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTBILISI41.69411 44.833685000000GEORGIA SOVEREIGN50000GEORGIA SOVEREIGN184703.4GEORGIA SOVEREIGN878012.39GEORGIA SOVEREIGN487360.13GEORGIA SOVEREIGN79656GEORGIA SOVEREIGN91545.6GEORGIA SOVEREIGN693145.21GEORGIA SOVEREIGN209496GEORGIA SOVEREIGN743389.82GEORGIA SOVEREIGN128999.96GEORGIA SOVEREIGN32995.6GEORGIA SOVEREIGN101514.8GEORGIA SOVEREIGN410059.2GEORGIA SOVEREIGN90848.52GEORGIA SOVEREIGN103738.88GEORGIA SOVEREIGN321412.43GEORGIA SOVEREIGN131982.4GEORGIA SOVEREIGN44554.25GEORGIA SOVEREIGN43689.5GEORGIA SOVEREIGN96924.74GEORGIA SOVEREIGN34774.06GEORGIA SOVEREIGNSTATESTATESTATESTATEExtension of a sovereign loan of up to EUR 5 million to Georgia for the benefit of Bakuriani to expand the fleet of specialised vehicles and machinery aimed at improving the quality of the municipal services. The proceeds of the loan will also finance up to 10 units of buses. The proposed investment will improve the quality of municipal services and safety measures in Bakuriani. The Project envisages procurement of modern buses for passenger transportation as well as equipment for solid waste management and specialised municipal works. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51438XI-IATI-EBRD-55015European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 2 million provided in two equal tranches under the Western Balkans Green Economy Financing Facility ("WB GEFF"). The second tranche is uncommitted and its commitment will be at EBRD's sole discretion. This facility will support investments in high-performance green technologies, materials and solutions undertaken in privately owned residential dwellings or buildings. The sub-projects will be selected according to technical and financial eligibility criteria set forth in the Policy Statement for WB GEFF. The latter will be an integral part of the loan agreement to be signed with AFK. 100% of the use of proceeds will be related to GET investments.European Bank for Reconstruction and DevelopmentAGENCY FOR FINANCE IN KOSOVOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPEJA20.28828 42.659132000000AGENCY FOR FINANCE IN KOSOVOPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 2 million provided in two equal tranches under the Western Balkans Green Economy Financing Facility ("WB GEFF"). The second tranche is uncommitted and its commitment will be at EBRD's sole discretion. This facility will support investments in high-performance green technologies, materials and solutions undertaken in privately owned residential dwellings or buildings. The sub-projects will be selected according to technical and financial eligibility criteria set forth in the Policy Statement for WB GEFF. The latter will be an integral part of the loan agreement to be signed with AFK. 100% of the use of proceeds will be related to GET investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55015XI-IATI-EBRD-53525European Bank for Reconstruction and DevelopmentProvision of a senior loan of up to EUR 9m under the Go Digital Pilot in BiH programme (the "Programme"). The Programme is supported with donor funds in the total amount of EUR 9m from the European Union. The Project supports the aim of the Programme to: (i) improve SMEs' access to finance in order to invest additional resources to introduce EU standards through the provision of financing and investment incentives; (ii) pilot an approach to supporting SMEs that invest in automation and digitalisation with minimum 60% of funding to be invested in automation and digitalisation investments and minimum 10% of funding to be invested in only digital investments, (iii) support transition to a green economy ("GET technologies"), by targeting a GET-eligible share of at least 60%, and (iv) increase the awareness and knowledge of SMEs in BiH through the Advice for Small Business services ("ASB") with a focus on automation and digitalisation projects.European Bank for Reconstruction and DevelopmentRAIFFEISEN BANK DD BOSNIA AND HERZEGOVINAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.356449000000RAIFFEISEN BANK DD BOSNIA AND HERZEGOVINAPRIVATEPRIVATEPRIVATEProvision of a senior loan of up to EUR 9m under the Go Digital Pilot in BiH programme (the "Programme"). The Programme is supported with donor funds in the total amount of EUR 9m from the European Union. The Project supports the aim of the Programme to: (i) improve SMEs' access to finance in order to invest additional resources to introduce EU standards through the provision of financing and investment incentives; (ii) pilot an approach to supporting SMEs that invest in automation and digitalisation with minimum 60% of funding to be invested in automation and digitalisation investments and minimum 10% of funding to be invested in only digital investments, (iii) support transition to a green economy ("GET technologies"), by targeting a GET-eligible share of at least 60%, and (iv) increase the awareness and knowledge of SMEs in BiH through the Advice for Small Business services ("ASB") with a focus on automation and digitalisation projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53525XI-IATI-EBRD-55792European Bank for Reconstruction and DevelopmentInvestment of €5 million in the inaugural debt capital market issuance of Pozavarovalnica Sava, d.d. ("Sava Re", or the "Issuer"), a re-insurance company in Slovenia, in the form of EUR-denominated subordinated bonds (the "Bonds") with an aggregate issuance amount of €50 million (the "Project"). The Bonds will be Solvency II compliant, eligible as Tier III capital. The Project supports the Issuer with its (i) inaugural debt capital market issuance as the first-ever Tier III subordinated bond issuance by an insurer in Slovenia and (ii) further expansion in the region, fostering market consolidation and competition.European Bank for Reconstruction and DevelopmentPOZAVAROVALNICA SAVA DDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGLJUBLJANA46.05108 14.505135000000POZAVAROVALNICA SAVA DDPRIVATEPRIVATEPRIVATEInvestment of €5 million in the inaugural debt capital market issuance of Pozavarovalnica Sava, d.d. ("Sava Re", or the "Issuer"), a re-insurance company in Slovenia, in the form of EUR-denominated subordinated bonds (the "Bonds") with an aggregate issuance amount of €50 million (the "Project"). The Bonds will be Solvency II compliant, eligible as Tier III capital. The Project supports the Issuer with its (i) inaugural debt capital market issuance as the first-ever Tier III subordinated bond issuance by an insurer in Slovenia and (ii) further expansion in the region, fostering market consolidation and competition. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55792XI-IATI-EBRD-54274European Bank for Reconstruction and DevelopmentProvision of EUR 35 million of an unfunded Guarantee for Growth in local currency equivalent in favour of Raiffeisen Bank Sh.a. Albania (RBAL), a joint stock company incorporated in Albania. The Guarantee will have an initial tenor of c.3.3 years (i.e. until end-March 2027). The guarantee covers the risk of non-payment of Albanian local currency sovereign bonds held by the client, enabling RBAL to making new sub-loans to private sector borrowers at a multiple of the guaranteed amount. At least 20% of the guarantee amount will be allocated towards Green Economy Transition (GET) eligible sub-projects.European Bank for Reconstruction and DevelopmentRAIFFEISEN BANK SHAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTIRANA41.3275 19.8188937969706.0637969706.06RAIFFEISEN BANK SHAPRIVATEPRIVATEPRIVATEProvision of EUR 35 million of an unfunded Guarantee for Growth in local currency equivalent in favour of Raiffeisen Bank Sh.a. Albania (RBAL), a joint stock company incorporated in Albania. The Guarantee will have an initial tenor of c.3.3 years (i.e. until end-March 2027). The guarantee covers the risk of non-payment of Albanian local currency sovereign bonds held by the client, enabling RBAL to making new sub-loans to private sector borrowers at a multiple of the guaranteed amount. At least 20% of the guarantee amount will be allocated towards Green Economy Transition (GET) eligible sub-projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54274XI-IATI-EBRD-53488European Bank for Reconstruction and DevelopmentProvision of a sovereign-guaranteed loan of up to € 25 million to Serbia Voz, the state-owned railway passenger operator of Serbia. The proceeds of the loan will be used to finance the rehabilitation and upgrade of two regional depots and the construction of a new regional depot (used for the maintenance of the Company's rolling stock), as well as the acquisition of new maintenance equipment and supervision. The Project aims to improve the Company's maintenance capacity to support the growth of its rolling stock, as well as to increase the efficiency of passenger services through improved maintenance practices and to generate energy savings through energy efficiency measures.European Bank for Reconstruction and DevelopmentSRBIJAVOZ JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651324470478.925000000SRBIJAVOZ JSC250000SRBIJAVOZ JSC93173.7SRBIJAVOZ JSC186347.4SRBIJAVOZ JSCSTATESTATESTATESTATEProvision of a sovereign-guaranteed loan of up to € 25 million to Serbia Voz, the state-owned railway passenger operator of Serbia. The proceeds of the loan will be used to finance the rehabilitation and upgrade of two regional depots and the construction of a new regional depot (used for the maintenance of the Company's rolling stock), as well as the acquisition of new maintenance equipment and supervision. The Project aims to improve the Company's maintenance capacity to support the growth of its rolling stock, as well as to increase the efficiency of passenger services through improved maintenance practices and to generate energy savings through energy efficiency measures. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53488XI-IATI-EBRD-54165European Bank for Reconstruction and DevelopmentThe EBRD provided up to EUR 70 million long-term loan to Turk Traktor ve Ziraat Makineleri A.S. (the "Company") to implement a capex programme that includes (i) modernization of existing manufacturing plants located in Sakarya and Ankara for the implementation of EU Stage V compliant engine production, as well as associated R&D; and (ii) installation of a greenfield rooftop solar plant at Sakarya plant. The proceeds of the financing will enable Turk Traktor to implement a capex programme that includes modernization of existing manufacturing plants located in Sakarya and Ankara for the implementation of EU Stage V compliant engine production, as well as associated R&D, and installation of a greenfield rooftop solar plant at Sakarya plant. The Project will enable Company to produce engines compliant with EU Stage V emission standards hence will result lower emissions and increase renewable energy consumption. In addition, the Project will help the Company to strengthen human capital and gender equality by promoting more open and equal economic opportunities in a traditionally male-dominated sector. This will be achieved through upgrades of HR policies and practices with the view to achieve greater workforce diversity among both white and blue collars. The Project is in line with EBRD's Strategy for Türkiye as it supports higher value-added activities and increased energy and resource efficiency. The Project is also aligned with the EBRD's Green Economy Transition ("GET") Approach.European Bank for Reconstruction and DevelopmentTURK TRAKTOR VE ZIRAAT MAKINELERI ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANKARA39.91987 32.8542770000000TURK TRAKTOR VE ZIRAAT MAKINELERI ASPRIVATEPRIVATEPRIVATEThe EBRD provided up to EUR 70 million long-term loan to Turk Traktor ve Ziraat Makineleri A.S. (the "Company") to implement a capex programme that includes (i) modernization of existing manufacturing plants located in Sakarya and Ankara for the implementation of EU Stage V compliant engine production, as well as associated R&D; and (ii) installation of a greenfield rooftop solar plant at Sakarya plant. The proceeds of the financing will enable Turk Traktor to implement a capex programme that includes modernization of existing manufacturing plants located in Sakarya and Ankara for the implementation of EU Stage V compliant engine production, as well as associated R&D, and installation of a greenfield rooftop solar plant at Sakarya plant. The Project will enable Company to produce engines compliant with EU Stage V emission standards hence will result lower emissions and increase renewable energy consumption. In addition, the Project will help the Company to strengthen human capital and gender equality by promoting more open and equal economic opportunities in a traditionally male-dominated sector. This will be achieved through upgrades of HR policies and practices with the view to achieve greater workforce diversity among both white and blue collars. The Project is in line with EBRD's Strategy for Türkiye as it supports higher value-added activities and increased energy and resource efficiency. The Project is also aligned with the EBRD's Green Economy Transition ("GET") Approach. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54165XI-IATI-EBRD-50405European Bank for Reconstruction and DevelopmentProvision of a senior secured loan of EUR 15 million to Egesil Kimya Sanayi ve Ticaret A.S., a manufacturer of specialty chemicals, to finance the company's new production facility in Sakarya, a Turkish province on the coast of Black Sea. The project involves financing the company's new production facility in Sakarya, Turkey which will increase precipitated silica capacity by 40,000 tons. The project is in line with the Bank's Green Economy Transition approach as 100 per cent of the EBRD's proceeds will be used for GET eligible investments.European Bank for Reconstruction and DevelopmentEGESIL KIMYA SANAYI VE TICARET ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSAKARYA40.78056 30.4033315000000EGESIL KIMYA SANAYI VE TICARET ASPRIVATEPRIVATEPRIVATEProvision of a senior secured loan of EUR 15 million to Egesil Kimya Sanayi ve Ticaret A.S., a manufacturer of specialty chemicals, to finance the company's new production facility in Sakarya, a Turkish province on the coast of Black Sea. The project involves financing the company's new production facility in Sakarya, Turkey which will increase precipitated silica capacity by 40,000 tons. The project is in line with the Bank's Green Economy Transition approach as 100 per cent of the EBRD's proceeds will be used for GET eligible investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50405XI-IATI-EBRD-51034European Bank for Reconstruction and DevelopmentEBRD intends to increase its stake in oBilet, the leading SaaS-enabled digital marketplace focusing on intercity bus transportation in Turkey. The oBilet app, available on mobile and desktop devices, offers bus travel options, convenient digital booking of bus rides and seat reservation, and allows users to manage their journeys online. It also provides software for bus operators to manage their bus inventory and helps them sell tickets through the platform. EBRD is exercising its investor pro-rata rights.European Bank for Reconstruction and DevelopmentOBILET BILISIM SISTEMLERI ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.949665434807.28OBILET BILISIM SISTEMLERI ASPRIVATEPRIVATEPRIVATEEBRD intends to increase its stake in oBilet, the leading SaaS-enabled digital marketplace focusing on intercity bus transportation in Turkey. The oBilet app, available on mobile and desktop devices, offers bus travel options, convenient digital booking of bus rides and seat reservation, and allows users to manage their journeys online. It also provides software for bus operators to manage their bus inventory and helps them sell tickets through the platform. EBRD is exercising its investor pro-rata rights. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51034XI-IATI-EBRD-50699European Bank for Reconstruction and DevelopmentProvision of a USD 80 million loan to finance capex and working capital needs of Sodrugestvo Group's subsidiaries in Turkey. Working capital portion of the EBRD loan is expected to be syndicated (B Loan for the account of commercial bank(s) in the amount of up to USD 25 million). The loan will be utilized to finance part of the acquisition of a production facility in Izmir/Turkey and further capex programme including the modernisation of the acquired facility along with working capital financing for expansion of the operations in Turkey.European Bank for Reconstruction and DevelopmentSODRU TARIM TASIMACILIK ITHALAT IHRACAT TICARET ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496670034141.63SODRU TARIM TASIMACILIK ITHALAT IHRACAT TICARET ASPRIVATEPRIVATEPRIVATEProvision of a USD 80 million loan to finance capex and working capital needs of Sodrugestvo Group's subsidiaries in Turkey. Working capital portion of the EBRD loan is expected to be syndicated (B Loan for the account of commercial bank(s) in the amount of up to USD 25 million). The loan will be utilized to finance part of the acquisition of a production facility in Izmir/Turkey and further capex programme including the modernisation of the acquired facility along with working capital financing for expansion of the operations in Turkey. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50699XI-IATI-EBRD-46868European Bank for Reconstruction and DevelopmentThe EBRD is providing a €26 million loan to Ege Profil Ticaret ve Sanayi A.S. (the 'company'), a leading PVC profile manufacturer in Turkey, for the construction of a PVC profile manufacturing plant in Izmir including energy and resource efficiency investments (the 'project'). The loan will be extended under the EBRD's new Near-Zero Waste programme which finances waste minimisation projects in Turkey. Null ValueEuropean Bank for Reconstruction and DevelopmentEGE PROFIL TICARET VE SANAYI ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGIZMIR38.41273 27.1383825000000EGE PROFIL TICARET VE SANAYI ASPRIVATEPRIVATEPRIVATEThe EBRD is providing a €26 million loan to Ege Profil Ticaret ve Sanayi A.S. (the 'company'), a leading PVC profile manufacturer in Turkey, for the construction of a PVC profile manufacturing plant in Izmir including energy and resource efficiency investments (the 'project'). The loan will be extended under the EBRD's new Near-Zero Waste programme which finances waste minimisation projects in Turkey. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/46868XI-IATI-EBRD-53760European Bank for Reconstruction and DevelopmentThe provision of a US$ 23.9 million (€ 22.6 million) senior secured loan (the Loan) to Turkey based processor of pulses Bashan Tarimsal Urunler Pazarlama Sanayi ve Dis Ticaret A.S. The Bank's financing will be used to (i) consolidate and extend the maturity of existing loans from local banks (US$ 8.9 million) and (ii) finance working capital needs (US$ 15 million).European Bank for Reconstruction and DevelopmentBASHAN AGRO GIDA SANAYI VE TICARET ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGMERSIN36.81196 34.6388620922699.81BASHAN AGRO GIDA SANAYI VE TICARET ASPRIVATEPRIVATEPRIVATEThe provision of a US$ 23.9 million (€ 22.6 million) senior secured loan (the Loan) to Turkey based processor of pulses Bashan Tarimsal Urunler Pazarlama Sanayi ve Dis Ticaret A.S. The Bank's financing will be used to (i) consolidate and extend the maturity of existing loans from local banks (US$ 8.9 million) and (ii) finance working capital needs (US$ 15 million). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53760XI-IATI-EBRD-50558European Bank for Reconstruction and DevelopmentAn equity commitment of up to USD 141.5 million (including USD 28.3m equity investment from the Equity Participation Fund "EPF") mainly to finance the development and construction of a pipeline of renewable energy projects in Egypt and wider Africa. The project is aimed to scale up renewable energy penetration in Egypt and the region.European Bank for Reconstruction and DevelopmentINFINITY ENERGY SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496752525606.23INFINITY ENERGY SAEPRIVATEPRIVATEPRIVATEAn equity commitment of up to USD 141.5 million (including USD 28.3m equity investment from the Equity Participation Fund "EPF") mainly to finance the development and construction of a pipeline of renewable energy projects in Egypt and wider Africa. The project is aimed to scale up renewable energy penetration in Egypt and the region. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50558XI-IATI-EBRD-53310European Bank for Reconstruction and DevelopmentThe participation of up to €80 million in a six-year tranche of a leading automotive technology company Faurecia S.E.'s environmental, social and governance - ESG linked Schuldschein issuance, a privately placed unsecured debt governed by the German law, to finance Faurecia investments in Morocco, Poland, Romania and Tunisia. The project will contribute to the decarbonisation of the automotive supply chain and Faurecia's objective to achieve climate targets formulated in line with the Science-Based Targets Initiative, to become CO2 neutral for its internal emissions across all of its sites by 2025 (Scopes 1&2). The project will also finance growth capex in Faurecia's manufacturing sites in Romania, Morocco and Tunisia.European Bank for Reconstruction and DevelopmentFORVIA SEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGRABAT34.01325 -6.83255WARSAW52.22977 21.01178BUCHAREST44.43225 26.10626TUNIS36.81897 10.1657980000000FORVIA SEPRIVATEPRIVATEPRIVATEThe participation of up to €80 million in a six-year tranche of a leading automotive technology company Faurecia S.E.'s environmental, social and governance - ESG linked Schuldschein issuance, a privately placed unsecured debt governed by the German law, to finance Faurecia investments in Morocco, Poland, Romania and Tunisia. The project will contribute to the decarbonisation of the automotive supply chain and Faurecia's objective to achieve climate targets formulated in line with the Science-Based Targets Initiative, to become CO2 neutral for its internal emissions across all of its sites by 2025 (Scopes 1&2). The project will also finance growth capex in Faurecia's manufacturing sites in Romania, Morocco and Tunisia. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53310XI-IATI-EBRD-55648European Bank for Reconstruction and DevelopmentRLF - Varus Project - USD 25 million multicurrency senior long-term loan to the VARUS food retail chain. The Project will support VARUS Group's strategy to expand its retail operations in Ukraine.European Bank for Reconstruction and DevelopmentOMEGA LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGDNIPRO48.4593 35.0386520819013.28OMEGA LLCPRIVATEPRIVATEPRIVATEUSD 25 million multicurrency senior long-term loan to the VARUS food retail chain. The Project will support VARUS Group's strategy to expand its retail operations in Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55648XI-IATI-EBRD-53191European Bank for Reconstruction and DevelopmentA secured senior loan of up to USD 30 million to ICS Premier Energy Distribution S.A. ("Premier Energy", the "Company") to finance the Company's 2022-2025 investment programme. The overall investment programme for the period of USD 60 million will be co-financed by a parallel loan from the European Investment Bank ("EIB") for an equal amount. The transaction is presented under the EBRD Green Cities Framework stemming from Chisinau's Green City Action Plan (GCAP) that was completed and approved by the City Council in May 2020. The objective is to support Premier Energy with its 2022-2025 investment programme focussed on the modernisation and upgrade of the electricity distribution grid. The programme aims to strengthen the network, increase energy efficiency, improve safety standards of the substations and modernise the telecommunication infrastructure.European Bank for Reconstruction and DevelopmentICS PREMIER ENERGY DISTRIBUTION SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCHISINAU47.00556 28.857519259388.95ICS PREMIER ENERGY DISTRIBUTION SAPRIVATEPRIVATEPRIVATEA secured senior loan of up to USD 30 million to ICS Premier Energy Distribution S.A. ("Premier Energy", the "Company") to finance the Company's 2022-2025 investment programme. The overall investment programme for the period of USD 60 million will be co-financed by a parallel loan from the European Investment Bank ("EIB") for an equal amount. The transaction is presented under the EBRD Green Cities Framework stemming from Chisinau's Green City Action Plan (GCAP) that was completed and approved by the City Council in May 2020. The objective is to support Premier Energy with its 2022-2025 investment programme focussed on the modernisation and upgrade of the electricity distribution grid. The programme aims to strengthen the network, increase energy efficiency, improve safety standards of the substations and modernise the telecommunication infrastructure. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53191XI-IATI-EBRD-51693European Bank for Reconstruction and DevelopmentThe provision of a US$ 2.5 million senior secured loan to ES "Milli Hasyl" to support the expansion of the existing hydroponic greenhouse business from the current 5.2 hectares to 10.2 hectares. The Project will support the installation of new hydroponic greenhouses and fitting them with an advanced cooling system allowing a longer cultivation season / additional harvest.European Bank for Reconstruction and DevelopmentMILLI HASYL ESEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGMARY61.83031 37.593782188566.93MILLI HASYL ESPRIVATEPRIVATEPRIVATEThe provision of a US$ 2.5 million senior secured loan to ES "Milli Hasyl" to support the expansion of the existing hydroponic greenhouse business from the current 5.2 hectares to 10.2 hectares. The Project will support the installation of new hydroponic greenhouses and fitting them with an advanced cooling system allowing a longer cultivation season / additional harvest. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51693XI-IATI-EBRD-51709European Bank for Reconstruction and DevelopmentThe provision of a senior loan of up to US$ 5.0 million equivalent in local currency to Closed Joint-Stock Company Kompanion Bank based in the Kyrgyz Republic. The project contributes to the objectives of the Financial Intermediaries Framework (FIF). FIF seeks to (i) foster SME competitiveness by increasing the availability of financing and (ii) contributing to the competitiveness of financial institutions by enabling innovation in strategy, products, processes and marketing related to MSME lending.European Bank for Reconstruction and DevelopmentKOMPANION BANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBISHKEK42.87 74.594481998.87KOMPANION BANK CJSCPRIVATEPRIVATEPRIVATEThe provision of a senior loan of up to US$ 5.0 million equivalent in local currency to Closed Joint-Stock Company Kompanion Bank based in the Kyrgyz Republic. The project contributes to the objectives of the Financial Intermediaries Framework (FIF). FIF seeks to (i) foster SME competitiveness by increasing the availability of financing and (ii) contributing to the competitiveness of financial institutions by enabling innovation in strategy, products, processes and marketing related to MSME lending. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51709XI-IATI-EBRD-53825European Bank for Reconstruction and DevelopmentA senior loan of up to EUR 25 million consisting of EUR 15 million committed ("Tranche 1") and EUR 10 million uncommitted financing ("Tranche 2") to provide emergency liquidity support to the City of Lviv (the "City") and key municipal utilities/operators - existing clients of the Bank ("Recipients") in order to mitigate the effect of the ongoing war on the City's financial position (the "Project" or the "Facility"). The proceeds of the Bank's investment will be used for liquidity support to the City to provide support to the City itself and key municipal companies, existing clients of the Bank (Recipients) - to compensate for temporary revenue losses (in particular capital revenues) and additional expenses due to the ongoing war related issues and support the City's vital municipal infrastructure providers with the day-to-day running costs (payroll, etc.), operating and maintenance costs, servicing the debt under existing projects with the EBRD (if required). The Project is consistent with the "War on Ukraine - EBRD Resilience Package".European Bank for Reconstruction and DevelopmentCITY OF LVIVEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGLVIV49.83826 24.0232415000000CITY OF LVIV10000000CITY OF LVIV5000000CITY OF LVIVSTATESTATESTATESTATEA senior loan of up to EUR 25 million consisting of EUR 15 million committed ("Tranche 1") and EUR 10 million uncommitted financing ("Tranche 2") to provide emergency liquidity support to the City of Lviv (the "City") and key municipal utilities/operators - existing clients of the Bank ("Recipients") in order to mitigate the effect of the ongoing war on the City's financial position (the "Project" or the "Facility"). The proceeds of the Bank's investment will be used for liquidity support to the City to provide support to the City itself and key municipal companies, existing clients of the Bank (Recipients) - to compensate for temporary revenue losses (in particular capital revenues) and additional expenses due to the ongoing war related issues and support the City's vital municipal infrastructure providers with the day-to-day running costs (payroll, etc.), operating and maintenance costs, servicing the debt under existing projects with the EBRD (if required). The Project is consistent with the "War on Ukraine - EBRD Resilience Package". For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53825XI-IATI-EBRD-50399European Bank for Reconstruction and DevelopmentThe EBRD is providing USD 50 million financing to Yapi ve Kredi Bankasi A.S. ("YKB") under YKB's existing Diversified Payment Rights ("DPR") programme. The proceeds of the financing will be used for on-lending to women-led SMEs under Turkey Women in Business II ("TurWiB II") programme. TurWiB II is an integrated and dedicated programme supporting women entrepreneurship and women-led SMEs. EBRD financing will be accompanied by (i) a technical cooperation programme to help YKB to build their internal capacity to better serve this segment, and (ii) a risk sharing mechanism supported by the Turkish Credit Guarantee Fund ("CGF") to stimulate lending on a sustainable basis. In addition, women entrepreneurs will be provided with advisory, mentorship and networking opportunities, facilitating their access to know-how and non-financial development services, as well as access to markets.European Bank for Reconstruction and DevelopmentYAPI KREDI DIVERSIFIED PAYMENT RIGHTS FINANCE COMPANYEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANKARA39.91987 32.8542743771338.53YAPI KREDI DIVERSIFIED PAYMENT RIGHTS FINANCE COMPANYPRIVATEPRIVATEPRIVATEThe EBRD is providing USD 50 million financing to Yapi ve Kredi Bankasi A.S. ("YKB") under YKB's existing Diversified Payment Rights ("DPR") programme. The proceeds of the financing will be used for on-lending to women-led SMEs under Turkey Women in Business II ("TurWiB II") programme. TurWiB II is an integrated and dedicated programme supporting women entrepreneurship and women-led SMEs. EBRD financing will be accompanied by (i) a technical cooperation programme to help YKB to build their internal capacity to better serve this segment, and (ii) a risk sharing mechanism supported by the Turkish Credit Guarantee Fund ("CGF") to stimulate lending on a sustainable basis. In addition, women entrepreneurs will be provided with advisory, mentorship and networking opportunities, facilitating their access to know-how and non-financial development services, as well as access to markets. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50399XI-IATI-EBRD-52887European Bank for Reconstruction and DevelopmentAdjara Solid Waste Management Phase II Project is part of Green Cities Framework 2 ("GrCF2") and the first follow-on investment from Batumi's Green City Action Plan ("GCAP"). The Project will address the priority environmental challenges of solid waste and soil quality identified in the Batumi GCAP. It will employ best available technologies ("BAT") and will result in environmental benefits as well as mitigation benefits by reducing GHG emissions. The Project aims to improve the environmental and safety standards by making the new sanitary landfill operational; increasing the capacity to recover recyclable materials; reducing waste quantities going to the new landfill, and thus extending its lifetime, reducing uncontrolled leachate, and landfill gas generation. The acquisition of the solid waste management equipment will enable Adjara Waste Management Company to start new landfill operations, and consequently the disposal of waste at the current non-EU compliant dumpsites will be stopped. Moreover, the Project will finance the construction of a waste treatment plant.European Bank for Reconstruction and DevelopmentGEORGIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTBILISI41.69411 44.8336815799842.7319000000GEORGIA SOVEREIGN30000GEORGIA SOVEREIGN315555.6GEORGIA SOVEREIGN144649.21GEORGIA SOVEREIGN1015276.37GEORGIA SOVEREIGN266166GEORGIA SOVEREIGN315555.6GEORGIA SOVEREIGN243821.28GEORGIA SOVEREIGN160000GEORGIA SOVEREIGN24200GEORGIA SOVEREIGN27966.1GEORGIA SOVEREIGN34000GEORGIA SOVEREIGN4779.07GEORGIA SOVEREIGN19002.54GEORGIA SOVEREIGN49500GEORGIA SOVEREIGN305532.91GEORGIA SOVEREIGN181.09GEORGIA SOVEREIGN243971.5GEORGIA SOVEREIGNSTATESTATESTATESTATEAdjara Solid Waste Management Phase II Project is part of Green Cities Framework 2 ("GrCF2") and the first follow-on investment from Batumi's Green City Action Plan ("GCAP"). The Project will address the priority environmental challenges of solid waste and soil quality identified in the Batumi GCAP. It will employ best available technologies ("BAT") and will result in environmental benefits as well as mitigation benefits by reducing GHG emissions. The Project aims to improve the environmental and safety standards by making the new sanitary landfill operational; increasing the capacity to recover recyclable materials; reducing waste quantities going to the new landfill, and thus extending its lifetime, reducing uncontrolled leachate, and landfill gas generation. The acquisition of the solid waste management equipment will enable Adjara Waste Management Company to start new landfill operations, and consequently the disposal of waste at the current non-EU compliant dumpsites will be stopped. Moreover, the Project will finance the construction of a waste treatment plant. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52887XI-IATI-EBRD-53631European Bank for Reconstruction and DevelopmentAn investment of €80 million in CRR compliant AT1 capital instrument to be raised by Nova Ljubljanska Banka d.d. ("NLB"). It would be the first such capital instrument to be placed by a Slovenian bank. The AT1 instrument would be rated and listed on the Luxembourg Stock Exchange. With this investment, EBRD is seeking to make a tangible contribution to NLB's resilience, by improving the quality of NLB's capital base, supporting capital optimisation and growth strategy as well as facilitating the meeting of regulatory requirements.European Bank for Reconstruction and DevelopmentNOVA LJUBLJANSKA BANKA DD AT1 INSTRUMENTEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGLJUBLJANA46.05108 14.5051364000000NOVA LJUBLJANSKA BANKA DD AT1 INSTRUMENTPRIVATEPRIVATEPRIVATEAn investment of €80 million in CRR compliant AT1 capital instrument to be raised by Nova Ljubljanska Banka d.d. ("NLB"). It would be the first such capital instrument to be placed by a Slovenian bank. The AT1 instrument would be rated and listed on the Luxembourg Stock Exchange. With this investment, EBRD is seeking to make a tangible contribution to NLB's resilience, by improving the quality of NLB's capital base, supporting capital optimisation and growth strategy as well as facilitating the meeting of regulatory requirements. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53631XI-IATI-EBRD-51613European Bank for Reconstruction and DevelopmentProvision of a credit line of up to EUR 100 million under the Inclusive Tourism Framework for the Eastern Mediterranean (the "Framework" OpID 49430) to Erste & Steiermarkische Bank d.d. in Croatia ("ESB"). The credit line will be used by ESB to finance investments for private tourism enterprises in Croatia and Montenegro. Sub-borrowers will be able to use the funds to finance hotels, marinas, camping, entertainment, tour operators and other tourism activities. The focus is on providing funds for upgrading, renovation and long-term growth of the sector in both countries, while improving access to training and employment opportunities and promoting backward linkages to local suppliers.European Bank for Reconstruction and DevelopmentERSTE & STEIERMARKISCHE BANK DDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGZAGREB45.81444 15.97798PODGORICA42.44111 19.2636150000000ERSTE & STEIERMARKISCHE BANK DDPRIVATEPRIVATEPRIVATEProvision of a credit line of up to EUR 100 million under the Inclusive Tourism Framework for the Eastern Mediterranean (the "Framework" OpID 49430) to Erste & Steiermarkische Bank d.d. in Croatia ("ESB"). The credit line will be used by ESB to finance investments for private tourism enterprises in Croatia and Montenegro. Sub-borrowers will be able to use the funds to finance hotels, marinas, camping, entertainment, tour operators and other tourism activities. The focus is on providing funds for upgrading, renovation and long-term growth of the sector in both countries, while improving access to training and employment opportunities and promoting backward linkages to local suppliers. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51613XI-IATI-EBRD-55298European Bank for Reconstruction and DevelopmentResilience and Livelihoods Guarantee (RLG) sub-limit* under the Resilience and Livelihoods Framework in the form of an unfunded portfolio risk-sharing instrument in the amount of up to €20 million. The guarantee covers up to 50 per cent of the credit risk in newly originated sub-loans with the total value of € 80 million equivalent (the "Covered Portfolio") subject to total 50 per cent of portfolio cap. The instrument has a maximum tenor of up to 2 years *This sub-limit is part of EBRD's broader RLG facility to KB, covered by OpIDs 55298 and 55299 (under Resilience and Livelihoods Framework and Financial Intermediaries Framework, respectively), jointly referred to as the RLG Project. Both OpIDs are to be regulated under a single risk participation agreement with the PFI. The RLG will be used to support lending to Ukrainian private companies operating in the primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in UkraineEuropean Bank for Reconstruction and DevelopmentKREDOBANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGLVIV49.83826 24.0232419994428.4120000000KREDOBANK JSCPRIVATEPRIVATEPRIVATEResilience and Livelihoods Guarantee (RLG) sub-limit* under the Resilience and Livelihoods Framework in the form of an unfunded portfolio risk-sharing instrument in the amount of up to €20 million. The guarantee covers up to 50 per cent of the credit risk in newly originated sub-loans with the total value of € 80 million equivalent (the "Covered Portfolio") subject to total 50 per cent of portfolio cap. The instrument has a maximum tenor of up to 2 years *This sub-limit is part of EBRD's broader RLG facility to KB, covered by OpIDs 55298 and 55299 (under Resilience and Livelihoods Framework and Financial Intermediaries Framework, respectively), jointly referred to as the RLG Project. Both OpIDs are to be regulated under a single risk participation agreement with the PFI. The RLG will be used to support lending to Ukrainian private companies operating in the primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in Ukraine For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55298XI-IATI-EBRD-53308European Bank for Reconstruction and DevelopmentProvision of a senior loan of EUR 39m to Orange Egypt for Telecommunications S.A.E. ("Orange Egypt" or the Company"), one of the leading mobile network operators in Egypt and a subsidiary of global telecom operator Orange SA. Orange Egypt intends to use the proceeds from the loan to finance the acquisition of a 5G license from the NTRA (National Telecommunications Regulatory Authority), which would allow the Company to provide 5G services to consumers and businesses in the country. Monitored project objectives will include: * Improved access to best-standard mobile technologies * Increased mobile broadband speeds across the Company's network * Energy usage and CO2 emission (Scope 3) reductionEuropean Bank for Reconstruction and DevelopmentORANGE EGYPT FOR TELECOMMUNICATIONS SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496739000000ORANGE EGYPT FOR TELECOMMUNICATIONS SAEPRIVATEPRIVATEPRIVATEProvision of a senior loan of EUR 39m to Orange Egypt for Telecommunications S.A.E. ("Orange Egypt" or the Company"), one of the leading mobile network operators in Egypt and a subsidiary of global telecom operator Orange SA. Orange Egypt intends to use the proceeds from the loan to finance the acquisition of a 5G license from the NTRA (National Telecommunications Regulatory Authority), which would allow the Company to provide 5G services to consumers and businesses in the country. Monitored project objectives will include: * Improved access to best-standard mobile technologies * Increased mobile broadband speeds across the Company's network * Energy usage and CO2 emission (Scope 3) reduction For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53308XI-IATI-EBRD-53343European Bank for Reconstruction and DevelopmentThe provision of a senior loan of US$ 8 million equivalent to Davr Bank to be used for on-lending to eligible micro, small and medium-sized enterprises (MSMEs) in Uzbekistan. The proceeds of the loan will help Davr Bank to continue supporting eligible MSMEs in Uzbekistan. At least 40 per cent of the loan proceeds is expected to be on-lent to women-led MSMEs.European Bank for Reconstruction and DevelopmentDAVR BANK PJSCBEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.216276520564.27DAVR BANK PJSCBPRIVATEPRIVATEPRIVATEThe provision of a senior loan of US$ 8 million equivalent to Davr Bank to be used for on-lending to eligible micro, small and medium-sized enterprises (MSMEs) in Uzbekistan. The proceeds of the loan will help Davr Bank to continue supporting eligible MSMEs in Uzbekistan. At least 40 per cent of the loan proceeds is expected to be on-lent to women-led MSMEs. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53343XI-IATI-EBRD-56323European Bank for Reconstruction and DevelopmentThe provision of a senior loan of $5 million equivalent in one tranche to Davr Bank to be used for on-lending to eligible micro, small and medium-sized enterprises (MSMEs) in Uzbekistan. The loan will be provided either in US dollar or in synthetic UZS. The proceeds of the loan will help DB to continue supporting eligible MSMEs in Uzbekistan. At least 30 per cent of the EBRD loan is expected to be on-lent to women-led MSMEs.European Bank for Reconstruction and DevelopmentDAVR BANK PJSCBEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.216274363163.17DAVR BANK PJSCBPRIVATEPRIVATEPRIVATEThe provision of a senior loan of $5 million equivalent in one tranche to Davr Bank to be used for on-lending to eligible micro, small and medium-sized enterprises (MSMEs) in Uzbekistan. The loan will be provided either in US dollar or in synthetic UZS. The proceeds of the loan will help DB to continue supporting eligible MSMEs in Uzbekistan. At least 30 per cent of the EBRD loan is expected to be on-lent to women-led MSMEs. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56323XI-IATI-EBRD-51003European Bank for Reconstruction and DevelopmentA EUR 75 million subscription in a Schuldschein issuance by Peugeot S.A. ("PSA"), for use by PSA's subsidiary in Morocco. The project supports increasing the production capacity of PSA Morocco's vehicle assembly plant in Kenitra from 100,000 to 200,000 vehicles per year and supports the company's investments in R&D.European Bank for Reconstruction and DevelopmentPEUGEOT SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGRABAT34.01325 -6.8325575000000PEUGEOT SAPRIVATEPRIVATEPRIVATEA EUR 75 million subscription in a Schuldschein issuance by Peugeot S.A. ("PSA"), for use by PSA's subsidiary in Morocco. The project supports increasing the production capacity of PSA Morocco's vehicle assembly plant in Kenitra from 100,000 to 200,000 vehicles per year and supports the company's investments in R&D. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51003XI-IATI-EBRD-54561European Bank for Reconstruction and DevelopmentThe Project entails the provision of a senior secured loan of up to USD 55.4 million on a project finance basis, comprised of a Bash WPP Extension tranche of up to USD 34.2 million and an Electrolyser tranche of up to USD 21.2 million, to finance the construction of an integrated renewable hydrogen production facility consisting of a 20 MW electrolyser fed by greenfield 52 MW wind power plant to produce c. 3,000 tonnes of renewable hydrogen annually. The electrolyser will be located in the Chirchiq City, Tashkent region, and the wind power plant will be in the Gijduvon district, Bukhara region. The wind facility will be collocated with the existing 500 MW EBRD-financed Uzbekistan Bash WPP (whose PSD can be viewed at https://www.ebrd.com/work-with-us/projects/psd/52772.html). Through the financing of the integrated renewable hydrogen production facility, the Project aims to support: a) a first-of-its-kind renewable hydrogen production project in Uzbekistan and across Central Asia, providing a critical demonstration effect to stimulate further projects. b) the decarbonisation of Uzbekistan's ammonia sector given its use in the production of fertilisers. c) increased renewable energy generation.European Bank for Reconstruction and DevelopmentACWA POWER UKS GREEN H2 LLC JVEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.21627261503.1129938470.63ACWA POWER UKS GREEN H2 LLC JVPRIVATEPRIVATEPRIVATEThe Project entails the provision of a senior secured loan of up to USD 55.4 million on a project finance basis, comprised of a Bash WPP Extension tranche of up to USD 34.2 million and an Electrolyser tranche of up to USD 21.2 million, to finance the construction of an integrated renewable hydrogen production facility consisting of a 20 MW electrolyser fed by greenfield 52 MW wind power plant to produce c. 3,000 tonnes of renewable hydrogen annually. The electrolyser will be located in the Chirchiq City, Tashkent region, and the wind power plant will be in the Gijduvon district, Bukhara region. The wind facility will be collocated with the existing 500 MW EBRD-financed Uzbekistan Bash WPP (whose PSD can be viewed at https://www.ebrd.com/work-with-us/projects/psd/52772.html). Through the financing of the integrated renewable hydrogen production facility, the Project aims to support: a) a first-of-its-kind renewable hydrogen production project in Uzbekistan and across Central Asia, providing a critical demonstration effect to stimulate further projects. b) the decarbonisation of Uzbekistan's ammonia sector given its use in the production of fertilisers. c) increased renewable energy generation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54561XI-IATI-EBRD-55290European Bank for Reconstruction and DevelopmentThe provision of a senior loan of up to US$ 20 million in MNT equivalent (including US$ 2 million concessional tranche funded under the High Impact Partnership on Climate Action programme by Canada) to APU Dairy to finance its dairy processing and packaging capacity expansion, construction of the new production facility, which meets high energy efficiency standards, and working capital. The Project is in line with the EBRD country strategy for Mongolia to support non-extractivesector and strengthen competitiveness. The loan supports growth and competitiveness of the company by funding its capacity expansion investments as well as promotes the adoption of climate smart farming practices by Mongolian dairy farmers.European Bank for Reconstruction and DevelopmentAPU DAIRY LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGULAANBAATAR47.90771 106.8832412268688.28APU DAIRY LLCPRIVATEPRIVATEPRIVATEThe provision of a senior loan of up to US$ 20 million in MNT equivalent (including US$ 2 million concessional tranche funded under the High Impact Partnership on Climate Action programme by Canada) to APU Dairy to finance its dairy processing and packaging capacity expansion, construction of the new production facility, which meets high energy efficiency standards, and working capital. The Project is in line with the EBRD country strategy for Mongolia to support non-extractivesector and strengthen competitiveness. The loan supports growth and competitiveness of the company by funding its capacity expansion investments as well as promotes the adoption of climate smart farming practices by Mongolian dairy farmers. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55290XI-IATI-EBRD-53786European Bank for Reconstruction and DevelopmentThe provision of a loan of up to EUR 35 million equivalent to National Company Aktau International Sea Commercial Port JSC (the "Aktau Port" or the "Company"), a major port in the Caspian Sea region. The loan proceeds will be used to finance the reconstruction of berths No. 3 and No. 12, and the acquisition of two ship-to-shore (STS) cranes to increase the port`s container-handling capacity and operational efficiency (the "Project").European Bank for Reconstruction and DevelopmentNATIONAL COMPANY INTERNATIONAL SEA TRADE PORT OF AKTAU JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGAKTAU43.65 51.166673500000035000000NATIONAL COMPANY INTERNATIONAL SEA TRADE PORT OF AKTAU JSCSTATESTATESTATESTATEThe provision of a loan of up to EUR 35 million equivalent to National Company Aktau International Sea Commercial Port JSC (the "Aktau Port" or the "Company"), a major port in the Caspian Sea region. The loan proceeds will be used to finance the reconstruction of berths No. 3 and No. 12, and the acquisition of two ship-to-shore (STS) cranes to increase the port`s container-handling capacity and operational efficiency (the "Project"). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53786XI-IATI-EBRD-51899European Bank for Reconstruction and DevelopmentProvision of a senior loan to UniCredit Consumer Financing IFN SA ("UCFIN") in the amount of up to RON 72.6 million (or c. EUR 15 million equivalent) under the Green Economy Finance Facility ("GEFF") focusing on financing green investments in the residential sector in Romania. The financing would be used for on-lending to eligible sub-borrowers for investments in energy and resource efficiency measures in the residential buildings. The GEFF transaction will support investments in high-performance green technologies, materials and solutions undertaken in privately owned residential dwellings or buildings ("Sub-projects"). Sub-projects will be selected according to technical and financial eligibility criteria set forth in the Policy Statement for GEFF-Romania. 100% of the use of proceeds will be related to Green Economy Transition ("GET") investments.European Bank for Reconstruction and DevelopmentUNICREDIT CONSUMER FINANCING IFN SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUCHAREST44.43225 26.1062610154522.44UNICREDIT CONSUMER FINANCING IFN SAPRIVATEPRIVATEPRIVATEProvision of a senior loan to UniCredit Consumer Financing IFN SA ("UCFIN") in the amount of up to RON 72.6 million (or c. EUR 15 million equivalent) under the Green Economy Finance Facility ("GEFF") focusing on financing green investments in the residential sector in Romania. The financing would be used for on-lending to eligible sub-borrowers for investments in energy and resource efficiency measures in the residential buildings. The GEFF transaction will support investments in high-performance green technologies, materials and solutions undertaken in privately owned residential dwellings or buildings ("Sub-projects"). Sub-projects will be selected according to technical and financial eligibility criteria set forth in the Policy Statement for GEFF-Romania. 100% of the use of proceeds will be related to Green Economy Transition ("GET") investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51899XI-IATI-EBRD-55181European Bank for Reconstruction and DevelopmentAn EBRD equity investment of up to EUR 15.0m alongside private equity funds CEECAT Capital and Morphosis Capital, to acquire a majority stake in La Cocos (the "Company), a discount grocery retailer in Romania. Following the investment, the founding shareholder will retain a minority stake and continue to lead the Company. EBRD's investment will support a fast-growing, founder-owned business to expand its store network and create a relevant player on the Romanian grocery retail market, thus enhancing the competition in the country to the benefit of the local consumers.European Bank for Reconstruction and DevelopmentLA COCOS SRLEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPLOIESTI44.95 26.016679363292.37LA COCOS SRLPRIVATEPRIVATEPRIVATEAn EBRD equity investment of up to EUR 15.0m alongside private equity funds CEECAT Capital and Morphosis Capital, to acquire a majority stake in La Cocos (the "Company), a discount grocery retailer in Romania. Following the investment, the founding shareholder will retain a minority stake and continue to lead the Company. EBRD's investment will support a fast-growing, founder-owned business to expand its store network and create a relevant player on the Romanian grocery retail market, thus enhancing the competition in the country to the benefit of the local consumers. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55181XI-IATI-EBRD-53016European Bank for Reconstruction and DevelopmentThe provision of a senior secured loan of up to US$ 15 million to finance the partial replacement of Tashkent Pipe Plant's existing manufacturing line of large diameter spiral submerged arc-welded pipes, with a new production line of longitudinal submerged arc-welded pipes, leading to reduced greenhouse gas emissions. The Project has a GET share of 76 per cent. Null ValueEuropean Bank for Reconstruction and DevelopmentJV TASHKENT PIPE PLANT LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.2162713131401.56JV TASHKENT PIPE PLANT LLCPRIVATEPRIVATEPRIVATEThe provision of a senior secured loan of up to US$ 15 million to finance the partial replacement of Tashkent Pipe Plant's existing manufacturing line of large diameter spiral submerged arc-welded pipes, with a new production line of longitudinal submerged arc-welded pipes, leading to reduced greenhouse gas emissions. The Project has a GET share of 76 per cent. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53016XI-IATI-EBRD-54857European Bank for Reconstruction and DevelopmentThe EBRD has invested US$ 12.5 million in green bond issuance by Khan Bank (KB) with a 3-year tenor. The bond is issued under KB's existing Green Bond Framework and in line with the International Capital Market Association's Green Bond Principles (ICMA GBP). The issuance will benefit from a Second Party Opinion from Sustainable Fitch, confirming its compliance with the ICMA GBP. This investment is the first green bond of a local commercial bank to be listed on the Mongolian Stock Exchange and the first EBRD's investment in a green bond issuance in Mongolia. The Project will help KB grow its green portfolio and diversify its funding sources in the face of global market volatility. The proceeds of the investment will be used to finance eligible green subprojects in accordance with KB`s Green Bond Framework, aligned with the ICMA GBP and deemed satisfactory to the EBRD, that support renewable energy, energy efficiency, green buildings, and clean transport in the country.European Bank for Reconstruction and DevelopmentKHAN BANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGULAANBAATAR47.90771 106.8832410942834.63KHAN BANK JSCPRIVATEPRIVATEPRIVATEThe EBRD has invested US$ 12.5 million in green bond issuance by Khan Bank (KB) with a 3-year tenor. The bond is issued under KB's existing Green Bond Framework and in line with the International Capital Market Association's Green Bond Principles (ICMA GBP). The issuance will benefit from a Second Party Opinion from Sustainable Fitch, confirming its compliance with the ICMA GBP. This investment is the first green bond of a local commercial bank to be listed on the Mongolian Stock Exchange and the first EBRD's investment in a green bond issuance in Mongolia. The Project will help KB grow its green portfolio and diversify its funding sources in the face of global market volatility. The proceeds of the investment will be used to finance eligible green subprojects in accordance with KB`s Green Bond Framework, aligned with the ICMA GBP and deemed satisfactory to the EBRD, that support renewable energy, energy efficiency, green buildings, and clean transport in the country. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54857XI-IATI-EBRD-55192European Bank for Reconstruction and DevelopmentProvision of a senior loan of up to US$ 1 million (in TJS equivalent) to Humo under the Women in Business Programme for Central Asia (CA WiB). The proceeds of the Bank's investment will be used for on-lending to eligible women-led MSMEs in line with standard eligibility criteria set forth in the CA WiB policy statement. The CA WiB Loan I will enable Humo to maintain diversification of its funding base and to scale up financing to women-led MSMEs in Tajikistan. Humo will benefit from a comprehensive technical assistance (TC) to strengthen the internal capacity for financing women-led businesses and to contribute to the elimination of gender gaps in the access to finance.European Bank for Reconstruction and DevelopmentHUMO BANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGDUSHANBE38.53575 68.779051006371.44HUMO BANK CJSCPRIVATEPRIVATEPRIVATEProvision of a senior loan of up to US$ 1 million (in TJS equivalent) to Humo under the Women in Business Programme for Central Asia (CA WiB). The proceeds of the Bank's investment will be used for on-lending to eligible women-led MSMEs in line with standard eligibility criteria set forth in the CA WiB policy statement. The CA WiB Loan I will enable Humo to maintain diversification of its funding base and to scale up financing to women-led MSMEs in Tajikistan. Humo will benefit from a comprehensive technical assistance (TC) to strengthen the internal capacity for financing women-led businesses and to contribute to the elimination of gender gaps in the access to finance. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55192XI-IATI-EBRD-55701European Bank for Reconstruction and DevelopmentThe provision of a senior loan of up to US$ 5 million to ICB, of which up to US$ 3.75 million (in TJS equivalent) to be provided by the EBRD and up to US$ 1.25 million by the GCF under the GCF-Green Economy Financing Facility Regional Framework (GCF GEFF II Tajikistan Programme). The proposed operation complies with the GCF-GEFF Regional Framework criteria. The proposed transaction under the GCF-GEFF Regional Framework follows loans to ICB provided under GEFF Loan I and TajCREFF of US$ 4.0 mln and US$ 1.0 mln in 2024 and 2017 respectively.European Bank for Reconstruction and DevelopmentINVESTMENT AND CREDIT BANK OF TAJIKISTAN CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGDUSHANBE38.53575 68.77905656570.08656570.08INVESTMENT AND CREDIT BANK OF TAJIKISTAN CJSCPRIVATEPRIVATEPRIVATEThe provision of a senior loan of up to US$ 5 million to ICB, of which up to US$ 3.75 million (in TJS equivalent) to be provided by the EBRD and up to US$ 1.25 million by the GCF under the GCF-Green Economy Financing Facility Regional Framework (GCF GEFF II Tajikistan Programme). The proposed operation complies with the GCF-GEFF Regional Framework criteria. The proposed transaction under the GCF-GEFF Regional Framework follows loans to ICB provided under GEFF Loan I and TajCREFF of US$ 4.0 mln and US$ 1.0 mln in 2024 and 2017 respectively. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55701XI-IATI-EBRD-52362European Bank for Reconstruction and DevelopmentAn A loan of up to US$ 42 million and a B loan of up to US$ 10 million to finance the construction and operation of a pilot wind project with 500 MW installed capacity located in the Tamdy District of Uzbekistan. This will be one of the first wind projects in Uzbekistan and one of the largest renewable energy projects in Central Asia. The project will contribute to the strategic priority of the government of Uzbekistan to increase the share of renewable projects in the national energy mix. It will contribute to the mitigation of climate impact by adding 500 MW of wind generation capacity to the national energy system and will assist the country in its low-carbon transition drive.European Bank for Reconstruction and DevelopmentSHAMOL ZARAFSHAN ENERGY FE LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.2162736767924.36SHAMOL ZARAFSHAN ENERGY FE LLCPRIVATEPRIVATEPRIVATEAn A loan of up to US$ 42 million and a B loan of up to US$ 10 million to finance the construction and operation of a pilot wind project with 500 MW installed capacity located in the Tamdy District of Uzbekistan. This will be one of the first wind projects in Uzbekistan and one of the largest renewable energy projects in Central Asia. The project will contribute to the strategic priority of the government of Uzbekistan to increase the share of renewable projects in the national energy mix. It will contribute to the mitigation of climate impact by adding 500 MW of wind generation capacity to the national energy system and will assist the country in its low-carbon transition drive. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52362XI-IATI-EBRD-52817European Bank for Reconstruction and DevelopmentThe provision of a senior loan of up to US$ 5m in KZT equivalent to Shinhan Bank Kazakhstan for on-lending to eligible private sector sub-borrowers for energy and resource efficiency projects under the GEFF Kazakhstan. Null ValueEuropean Bank for Reconstruction and DevelopmentSHINHAN BANK KAZAKHSTAN JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGALMATY43.25667 76.928614216961.71SHINHAN BANK KAZAKHSTAN JSCPRIVATEPRIVATEPRIVATEThe provision of a senior loan of up to US$ 5m in KZT equivalent to Shinhan Bank Kazakhstan for on-lending to eligible private sector sub-borrowers for energy and resource efficiency projects under the GEFF Kazakhstan. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52817XI-IATI-EBRD-55876European Bank for Reconstruction and DevelopmentThe provision of a guaranteed facility of up to US$ 25.0 million to finance expected VAT payments during the construction of the Guzar Solar Photovoltaic Power Plant with an installed capacity of 300 MW and a battery energy storage system with 75 MW installed capacity in the Guzar district of Kashkadarya region of Uzbekistan (the "Project"). The financing will be provided to Nur Kashkadarya Solar PV FE LLC, a special purpose vehicle (the "Borrower") established in Uzbekistan and fully owned by Abu Dhabi Future Energy Company PJSC (the "Sponsor", Masdar). This Project aligns with the government of Uzbekistan's strategic objective of expanding the proportion of renewable energy sources in its national energy mix, aiming to establish 25 GW of solar and wind power by 2030. By contributing 300 MW of solar generation capacity coupled with 75 MW of battery storage capacity to the national power grid, this Project will play a significant role in assisting Uzbekistan in achieving its low-carbon transition targets.European Bank for Reconstruction and DevelopmentNUR KASHKADARYA SOLAR PV FE LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.2162721622244.0621885669.26NUR KASHKADARYA SOLAR PV FE LLCPRIVATEPRIVATEPRIVATEThe provision of a guaranteed facility of up to US$ 25.0 million to finance expected VAT payments during the construction of the Guzar Solar Photovoltaic Power Plant with an installed capacity of 300 MW and a battery energy storage system with 75 MW installed capacity in the Guzar district of Kashkadarya region of Uzbekistan (the "Project"). The financing will be provided to Nur Kashkadarya Solar PV FE LLC, a special purpose vehicle (the "Borrower") established in Uzbekistan and fully owned by Abu Dhabi Future Energy Company PJSC (the "Sponsor", Masdar). This Project aligns with the government of Uzbekistan's strategic objective of expanding the proportion of renewable energy sources in its national energy mix, aiming to establish 25 GW of solar and wind power by 2030. By contributing 300 MW of solar generation capacity coupled with 75 MW of battery storage capacity to the national power grid, this Project will play a significant role in assisting Uzbekistan in achieving its low-carbon transition targets. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55876XI-IATI-EBRD-56653European Bank for Reconstruction and DevelopmentThe provision of a senior secured loan of up to USD 20 million to the Company for financing (i) the purchase of raw materials for the production of large diameter pipes, and (ii) the upgrade of pipe insulation coating equipment for drinking water supply. The Project has a GET share of 65 per cent. The Project aims to strengthen Uzbekistan's drinking water infrastructure by supporting the production and modernisation of large diameter steel pipes, while promoting efficiency, sustainability, and workforce development.European Bank for Reconstruction and DevelopmentJV TASHKENT PIPE PLANT LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.2162717508535.42JV TASHKENT PIPE PLANT LLCPRIVATEPRIVATEPRIVATEThe provision of a senior secured loan of up to USD 20 million to the Company for financing (i) the purchase of raw materials for the production of large diameter pipes, and (ii) the upgrade of pipe insulation coating equipment for drinking water supply. The Project has a GET share of 65 per cent. The Project aims to strengthen Uzbekistan's drinking water infrastructure by supporting the production and modernisation of large diameter steel pipes, while promoting efficiency, sustainability, and workforce development. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56653XI-IATI-EBRD-52789European Bank for Reconstruction and DevelopmentA senior secured loan of up to USD 3.0 million ("Loan") to Sayohon LLC ("Company"), a private ride-hailing company incorporated in the city of Dushanbe ("City"), Tajikistan. Proceeds of the Loan and the shareholder's contribution will be used to finance the acquisition of up to 100 electric vehicles ("EV"s) and 30 EV charging infrastructure at the Company's depot as well as at selected locations across the City (the "Project"). The Company will be further supported by an incentive grant of up to USD 0.5 million financed by the Global Environment Facility ("GEF") under the Finance and Technology Transfer Centre for Climate Change ("FINTECC"). The grant is payable after the purchase, installation, and commissioning of the eligible technology, including EVs and charging infrastructure. The Project is considered to be at the forefront of the City's transition towards electric mobility and is aimed to have a wider impact on EV ecosystem through the rollout of EV taxis and charging stations across selected locations in the City. The Project is part of the Bank's engagement with the City under the EBRD Green Cities programme. As such, it is considered as a follow-on investment under Green Cities Framework 2 Window II ("GrCF2 W2") from Dushanbe's Green City Action Plan ("Dushanbe GCAP").European Bank for Reconstruction and DevelopmentSAYOHON LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGDUSHANBE38.53575 68.779052626280.31SAYOHON LLCPRIVATEPRIVATEPRIVATEA senior secured loan of up to USD 3.0 million ("Loan") to Sayohon LLC ("Company"), a private ride-hailing company incorporated in the city of Dushanbe ("City"), Tajikistan. Proceeds of the Loan and the shareholder's contribution will be used to finance the acquisition of up to 100 electric vehicles ("EV"s) and 30 EV charging infrastructure at the Company's depot as well as at selected locations across the City (the "Project"). The Company will be further supported by an incentive grant of up to USD 0.5 million financed by the Global Environment Facility ("GEF") under the Finance and Technology Transfer Centre for Climate Change ("FINTECC"). The grant is payable after the purchase, installation, and commissioning of the eligible technology, including EVs and charging infrastructure. The Project is considered to be at the forefront of the City's transition towards electric mobility and is aimed to have a wider impact on EV ecosystem through the rollout of EV taxis and charging stations across selected locations in the City. The Project is part of the Bank's engagement with the City under the EBRD Green Cities programme. As such, it is considered as a follow-on investment under Green Cities Framework 2 Window II ("GrCF2 W2") from Dushanbe's Green City Action Plan ("Dushanbe GCAP"). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52789XI-IATI-EBRD-52947European Bank for Reconstruction and DevelopmentThe provision of a sovereign loan of up to US$ 49 million to the Republic of Uzbekistan for the acquisition of electric buses ("e-buses") with charging units and construction of e-bus depot infrastructure for the city of Samarkand (the "Project"). The Project will serve as a 'trigger' investment under the EBRD Green Cities, formally initiating the participation of the city of Samarkand in the programme. Through the Project, the city will commit to develop a Green City Action Plan ("GCAP") The project will support initial deployment of e-buses and expansion of public electric mobility ("e-mobility") in Samarkand to improve public transportation services. The shift to e-mobility will significantly reduce greenhouse gas emissions, tail pipe air pollutant emissions and noise pollution. It also encourages a modal shift from private to public transportation with more safe and reliable public bus services.European Bank for Reconstruction and DevelopmentUZBEKISTAN SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.2162716442165.0142895911.76UZBEKISTAN SOVEREIGN428959.12UZBEKISTAN SOVEREIGN1068026.25UZBEKISTAN SOVEREIGN457725.64UZBEKISTAN SOVEREIGN7315918.95UZBEKISTAN SOVEREIGN1525751.78UZBEKISTAN SOVEREIGN3051503.56UZBEKISTAN SOVEREIGN4114447.19UZBEKISTAN SOVEREIGN8423862.03UZBEKISTAN SOVEREIGN67552.23UZBEKISTAN SOVEREIGNSTATESTATESTATESTATEThe provision of a sovereign loan of up to US$ 49 million to the Republic of Uzbekistan for the acquisition of electric buses ("e-buses") with charging units and construction of e-bus depot infrastructure for the city of Samarkand (the "Project"). The Project will serve as a 'trigger' investment under the EBRD Green Cities, formally initiating the participation of the city of Samarkand in the programme. Through the Project, the city will commit to develop a Green City Action Plan ("GCAP") The project will support initial deployment of e-buses and expansion of public electric mobility ("e-mobility") in Samarkand to improve public transportation services. The shift to e-mobility will significantly reduce greenhouse gas emissions, tail pipe air pollutant emissions and noise pollution. It also encourages a modal shift from private to public transportation with more safe and reliable public bus services. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52947XI-IATI-EBRD-55272European Bank for Reconstruction and DevelopmentThe provision of a senior loan of up to US$ 2 million equivalent in the synthetic Kyrgyz Som (KGS) to Kyrgyz Investment and Credit Bank (KICB) under the Central Asian Women in Business Programme (CA WiB) for on-lending to women-led micro, small and medium-sized enterprises. The project's objective is to promote and support women entrepreneurship in Kyrgyz Republic and, more broadly, women's participation in business by assisting women-led micro, small and medium-sized enterprises (MSMEs) to access finance, know-how and advice, particularly in the country's regions and with the digitalization component. Thus, addressing the financing gap, which is a major obstacle in enabling further development of women-led MSMEs.European Bank for Reconstruction and DevelopmentKYRGYZ INVESTMENT AND CREDIT BANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBISHKEK42.87 74.59875426.77875426.77KYRGYZ INVESTMENT AND CREDIT BANK CJSCPRIVATEPRIVATEPRIVATEThe provision of a senior loan of up to US$ 2 million equivalent in the synthetic Kyrgyz Som (KGS) to Kyrgyz Investment and Credit Bank (KICB) under the Central Asian Women in Business Programme (CA WiB) for on-lending to women-led micro, small and medium-sized enterprises. The project's objective is to promote and support women entrepreneurship in Kyrgyz Republic and, more broadly, women's participation in business by assisting women-led micro, small and medium-sized enterprises (MSMEs) to access finance, know-how and advice, particularly in the country's regions and with the digitalization component. Thus, addressing the financing gap, which is a major obstacle in enabling further development of women-led MSMEs. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55272XI-IATI-EBRD-55471European Bank for Reconstruction and DevelopmentThe provision of a sovereign loan of up to € 1.5 million under the Kyrgyz Water Resilience Framework to cover the increased costs of implementing the original investment programme under operation - Myrzaki-Kurshab Regional Water project (OPID 48036). The loan proceeds will be on-lent to the Joint Municipal Enterprise "Water and Sewage Agency of the Uzgen Region". The loan will be co-financed by a € 0.75 million investment grant from the EBRD Shareholder Special Fund. The project will finance critical drinking water supply improvements across five districts in the Uzgen region, including the rehabilitation and extension of water network, the supply and installation of water meters and testing equipment, the refurbishment and construction of reservoir, intake facilities and water disinfection unit and the replacement of pumping equipment.European Bank for Reconstruction and DevelopmentKYRGYZ REPUBLIC SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBISHKEK42.87 74.5914850001500000KYRGYZ REPUBLIC SOVEREIGN15000KYRGYZ REPUBLIC SOVEREIGNSTATESTATESTATESTATEThe provision of a sovereign loan of up to € 1.5 million under the Kyrgyz Water Resilience Framework to cover the increased costs of implementing the original investment programme under operation - Myrzaki-Kurshab Regional Water project (OPID 48036). The loan proceeds will be on-lent to the Joint Municipal Enterprise "Water and Sewage Agency of the Uzgen Region". The loan will be co-financed by a € 0.75 million investment grant from the EBRD Shareholder Special Fund. The project will finance critical drinking water supply improvements across five districts in the Uzgen region, including the rehabilitation and extension of water network, the supply and installation of water meters and testing equipment, the refurbishment and construction of reservoir, intake facilities and water disinfection unit and the replacement of pumping equipment. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55471XI-IATI-EBRD-57116European Bank for Reconstruction and DevelopmentThe provision of a senior secured loan of up to US$ 50 million in KZT equivalent to Bank CenterCredit JSC (BCC) (MSME loan) under the Financial Intermediaries Framework (FIF). The financing will be used for on-lending to eligible private micro, small and medium enterprises (MSMEs) in Kazakhstan. The MSME loan will be provided in two equal tranches, of which the second will be uncommitted. The project will support local currency lending to the MSME sector in Kazakhstan by providing term-financing to BCC, one of the largest lenders in the country. A special focus will be given to the distribution of funds in regions outside the cities of Astana and Almaty.European Bank for Reconstruction and DevelopmentBANK CENTERCREDIT JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGALMATY43.25667 76.9286121333663.59BANK CENTERCREDIT JSCPRIVATEPRIVATEPRIVATEThe provision of a senior secured loan of up to US$ 50 million in KZT equivalent to Bank CenterCredit JSC (BCC) (MSME loan) under the Financial Intermediaries Framework (FIF). The financing will be used for on-lending to eligible private micro, small and medium enterprises (MSMEs) in Kazakhstan. The MSME loan will be provided in two equal tranches, of which the second will be uncommitted. The project will support local currency lending to the MSME sector in Kazakhstan by providing term-financing to BCC, one of the largest lenders in the country. A special focus will be given to the distribution of funds in regions outside the cities of Astana and Almaty. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57116XI-IATI-EBRD-57555European Bank for Reconstruction and DevelopmentAn equity investment of up to PLN 204 million in ROBYG S.A. (the "Company"), one of Poland's largest residential developers, in connection with its initial public offering ("IPO") on the Warsaw Stock Exchange ("WSE"). EBRD's participation in the IPO will support the Company's growth strategy, while contributing to the expansion of housing supply in Poland, particularly in the mid-market and affordable segments. The transaction will support the expansion of mid-market and affordable housing in Poland, helping address the structural housing shortage in major urban areas. It will also contribute to capital market development by supporting a sizeable WSE IPO, increasing free float and attracting institutional investors, while enhancing the Company's environmental performance through higher energy-efficiency standards and sustainable building practices.European Bank for Reconstruction and DevelopmentROBYG SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.0117847741633.51ROBYG SAPRIVATEPRIVATEPRIVATEAn equity investment of up to PLN 204 million in ROBYG S.A. (the "Company"), one of Poland's largest residential developers, in connection with its initial public offering ("IPO") on the Warsaw Stock Exchange ("WSE"). EBRD's participation in the IPO will support the Company's growth strategy, while contributing to the expansion of housing supply in Poland, particularly in the mid-market and affordable segments. The transaction will support the expansion of mid-market and affordable housing in Poland, helping address the structural housing shortage in major urban areas. It will also contribute to capital market development by supporting a sizeable WSE IPO, increasing free float and attracting institutional investors, while enhancing the Company's environmental performance through higher energy-efficiency standards and sustainable building practices. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57555XI-IATI-EBRD-56409European Bank for Reconstruction and DevelopmentA senior loan to Ontustik Zharyk Tranzit ("OZHT", the "Company") to finance the Company's 2025-2029 investment programme (the "Project"). The Project includes modernisation of low and medium voltage transmission and distribution lines, substations, and other auxiliary infrastructure to address aging assets, reduce losses and meet rising demand. The primary objective of the Project is to modernise OZHT's transmission and distribution infrastructure in the Turkestan region to support growing electricity demand and facilitate reduction of losses.European Bank for Reconstruction and DevelopmentONTUSTIK ZHARYK TRANSIT LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSHYMKENT42.3 69.6104971579.04104971579.04ONTUSTIK ZHARYK TRANSIT LLCPRIVATEPRIVATEPRIVATEA senior loan to Ontustik Zharyk Tranzit ("OZHT", the "Company") to finance the Company's 2025-2029 investment programme (the "Project"). The Project includes modernisation of low and medium voltage transmission and distribution lines, substations, and other auxiliary infrastructure to address aging assets, reduce losses and meet rising demand. The primary objective of the Project is to modernise OZHT's transmission and distribution infrastructure in the Turkestan region to support growing electricity demand and facilitate reduction of losses. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56409XI-IATI-EBRD-50525European Bank for Reconstruction and DevelopmentThe provision of a sovereign loan of up to US$ 60 million (€53.5 million) to the Republic of Uzbekistan for the benefit of the Limited Liability Company Kashkadarya Suv Ta'minoti, formerly known as the State Unitary Enterprise Kashkadarya Suvokova (the "Company") to finance the rehabilitation of Kashkadarya Oblast's wastewater infrastructure (the "Project"). The Project is expected to increase the number of people connected to the wastewater network by 50,000, and the volume of wastewater treated to EU standards by 13.7 million m3 per year.European Bank for Reconstruction and DevelopmentUZBEKISTAN SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.2162736342346.8452525606.23UZBEKISTAN SOVEREIGN525256.06UZBEKISTAN SOVEREIGN556841.46UZBEKISTAN SOVEREIGN14839.36UZBEKISTAN SOVEREIGN7069.95UZBEKISTAN SOVEREIGN43211.41UZBEKISTAN SOVEREIGN186123.57UZBEKISTAN SOVEREIGN400111.18UZBEKISTAN SOVEREIGN38722.99UZBEKISTAN SOVEREIGN220913.95UZBEKISTAN SOVEREIGN7709905.57UZBEKISTAN SOVEREIGN5882.52UZBEKISTAN SOVEREIGN861426.6UZBEKISTAN SOVEREIGN742604.91UZBEKISTAN SOVEREIGN23530.07UZBEKISTAN SOVEREIGN391404.88UZBEKISTAN SOVEREIGN811535.54UZBEKISTAN SOVEREIGN810684.48UZBEKISTAN SOVEREIGN325449.44UZBEKISTAN SOVEREIGN146428.26UZBEKISTAN SOVEREIGN700705.22UZBEKISTAN SOVEREIGN758734.82UZBEKISTAN SOVEREIGN143961.74UZBEKISTAN SOVEREIGN757915.41UZBEKISTAN SOVEREIGNSTATESTATESTATESTATEThe provision of a sovereign loan of up to US$ 60 million (€53.5 million) to the Republic of Uzbekistan for the benefit of the Limited Liability Company Kashkadarya Suv Ta'minoti, formerly known as the State Unitary Enterprise Kashkadarya Suvokova (the "Company") to finance the rehabilitation of Kashkadarya Oblast's wastewater infrastructure (the "Project"). The Project is expected to increase the number of people connected to the wastewater network by 50,000, and the volume of wastewater treated to EU standards by 13.7 million m3 per year. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50525XI-IATI-EBRD-51923European Bank for Reconstruction and DevelopmentThe Project consists of the purchase of 30 new buses which will be added to the Company's existing bus fleet to expand its operations across Pristina to increase the bus service frequency on existing routes, and to expand the Company's operations on additional new routes. Among these, 6 electric buses will be deployed on a pilot route with the aim to introduce electric bus technology for the first time in the country. The Project's objective is to increase services and improve the reliability, sustainability, safety and efficiency of Pristina's public transport. The Project is expected to bring the following benefits: * Extend and improve public transport services in the city of Pristina; * Support a continued shift from private cars to public transport; * Facilitate easy access for passengers, particularly those with limited movement, including the elderly and the disabled; * Improve the reliability, safety and efficiency of public transport; * Reduce air pollution emissions from public transport, improving local air quality; and * Reduce GHG through the launch of a pilot electric bus route. The introduction of an electric bus route is an important step towards developing a sustainable urban transport system. Fleet electrification strategies typically start with an initial limited number of vehicles allocated to specific bus routes for operational and demonstration purposes. This allows familiarisation with technology and maintenance and limits the risks of purchase of full fleets under rapid technological development. The same strategy is considered to be appropriate for Pristina, where the operator aims to introduce electric bus technology for the first time in the country by purchasing 6 electric vehicles to operate on a flagship circular route passing through Pristina city center. This pilot will be used to gain experience of the operation of public electric buses and will facilitate the continued transition of the fleet to electric buses in the future. The introduction of electric buses and EURO VI buses will reduce GHG emissions by 76% compared to the baseline and will deliver a substantial reduction of air pollutant emissions, making the Project eligible for EBRD Green Cities and compatible with the Green Economy Transition Approach 2021-2025 (BDS20-082/F).European Bank for Reconstruction and DevelopmentTRAFIKU URBAN PUBLIC TRANSPORT COMPANYEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRISTINA42.67272 21.166881000000010000000TRAFIKU URBAN PUBLIC TRANSPORT COMPANYSTATESTATESTATESTATEThe Project consists of the purchase of 30 new buses which will be added to the Company's existing bus fleet to expand its operations across Pristina to increase the bus service frequency on existing routes, and to expand the Company's operations on additional new routes. Among these, 6 electric buses will be deployed on a pilot route with the aim to introduce electric bus technology for the first time in the country. The Project's objective is to increase services and improve the reliability, sustainability, safety and efficiency of Pristina's public transport. The Project is expected to bring the following benefits: * Extend and improve public transport services in the city of Pristina; * Support a continued shift from private cars to public transport; * Facilitate easy access for passengers, particularly those with limited movement, including the elderly and the disabled; * Improve the reliability, safety and efficiency of public transport; * Reduce air pollution emissions from public transport, improving local air quality; and * Reduce GHG through the launch of a pilot electric bus route. The introduction of an electric bus route is an important step towards developing a sustainable urban transport system. Fleet electrification strategies typically start with an initial limited number of vehicles allocated to specific bus routes for operational and demonstration purposes. This allows familiarisation with technology and maintenance and limits the risks of purchase of full fleets under rapid technological development. The same strategy is considered to be appropriate for Pristina, where the operator aims to introduce electric bus technology for the first time in the country by purchasing 6 electric vehicles to operate on a flagship circular route passing through Pristina city center. This pilot will be used to gain experience of the operation of public electric buses and will facilitate the continued transition of the fleet to electric buses in the future. The introduction of electric buses and EURO VI buses will reduce GHG emissions by 76% compared to the baseline and will deliver a substantial reduction of air pollutant emissions, making the Project eligible for EBRD Green Cities and compatible with the Green Economy Transition Approach 2021-2025 (BDS20-082/F). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51923XI-IATI-EBRD-53447European Bank for Reconstruction and DevelopmentThe provision of a 3-year senior loan of up to US$ 10 million to Khan Bank LLC (KB) under the Central Asian Women in Business Programme ("CA WiB"). The operation will promote the competitiveness of the local economy and contribute to the financial inclusion of underserved female entrepreneurs.European Bank for Reconstruction and DevelopmentKHAN BANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGULAANBAATAR47.90771 106.883248754267.7KHAN BANK JSCPRIVATEPRIVATEPRIVATEThe provision of a 3-year senior loan of up to US$ 10 million to Khan Bank LLC (KB) under the Central Asian Women in Business Programme ("CA WiB"). The operation will promote the competitiveness of the local economy and contribute to the financial inclusion of underserved female entrepreneurs. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53447XI-IATI-EBRD-55882European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to €10 million to be provided in two tranches (Tranche 1: €2 million and Tranche 2: €8 million), under the Go Digital in the Western Balkans programme ("Go Digital in WB"). The transaction will support the aim of the Programme to: (i) advance innovation and competitiveness of the private sector via targeted investments and increased awareness-raising among SMEs for a higher utilisation of digitalisation and automation technologies; (ii) support the transition to a green economy ("GET technologies"); (iii) increase the capacity and trade potential of SMEs via increased access to finance to allow them to invest additional resources to introduce EU standards; and (iv) promote more equitable access to finance for automation and digitalisation investments for women-led SMEs, improving the competitiveness and sustainability of end-benecifiaries' business operations.European Bank for Reconstruction and DevelopmentRAIFFEISEN BANKA AD BEOGRADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651310000000RAIFFEISEN BANKA AD BEOGRADPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to €10 million to be provided in two tranches (Tranche 1: €2 million and Tranche 2: €8 million), under the Go Digital in the Western Balkans programme ("Go Digital in WB"). The transaction will support the aim of the Programme to: (i) advance innovation and competitiveness of the private sector via targeted investments and increased awareness-raising among SMEs for a higher utilisation of digitalisation and automation technologies; (ii) support the transition to a green economy ("GET technologies"); (iii) increase the capacity and trade potential of SMEs via increased access to finance to allow them to invest additional resources to introduce EU standards; and (iv) promote more equitable access to finance for automation and digitalisation investments for women-led SMEs, improving the competitiveness and sustainability of end-benecifiaries' business operations. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55882XI-IATI-EBRD-53157European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to RSD 585 million (€5 million equivalent) to BIB for on-lending to the residential sector in Serbia. The loan is envisaged under the Western Balkans Green Economy Financing Facility II ("WB GEFF II"). This will be the first WB GEFF II loan to BIB and will enable the bank to promote green economy investments in the country further. The loan will support investments in high-performance green technologies, materials and solutions undertaken in privately-owned residential dwellings or buildings. 100 per cent of the use of the proceeds will be related to Green Economy Transition ("GET") investments.European Bank for Reconstruction and DevelopmentBANCA INTESA AD BEOGRADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.465134984181.61BANCA INTESA AD BEOGRADPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to RSD 585 million (€5 million equivalent) to BIB for on-lending to the residential sector in Serbia. The loan is envisaged under the Western Balkans Green Economy Financing Facility II ("WB GEFF II"). This will be the first WB GEFF II loan to BIB and will enable the bank to promote green economy investments in the country further. The loan will support investments in high-performance green technologies, materials and solutions undertaken in privately-owned residential dwellings or buildings. 100 per cent of the use of the proceeds will be related to Green Economy Transition ("GET") investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53157XI-IATI-EBRD-56688European Bank for Reconstruction and DevelopmentThe provision of a senior secured loan of up to EUR 10 million to finance working capital needs of the Company for the establishment and ramp-up of copper pipe production. The project aims to boost the Company's growth and competitiveness by establishing modern copper pipes production, while advancing Uzbekistan's industrial diversification, export capacity and skilled employment.European Bank for Reconstruction and DevelopmentMAXCOPPER LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.2162710000000MAXCOPPER LLCPRIVATEPRIVATEPRIVATEThe provision of a senior secured loan of up to EUR 10 million to finance working capital needs of the Company for the establishment and ramp-up of copper pipe production. The project aims to boost the Company's growth and competitiveness by establishing modern copper pipes production, while advancing Uzbekistan's industrial diversification, export capacity and skilled employment. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56688XI-IATI-EBRD-54056European Bank for Reconstruction and DevelopmentProvision of a sovereign loan of up to USD 19 million (EUR 17.1 million) to the Hashemite Kingdom of Jordan to finance the construction of a new, modern, and efficient wastewater treatment plant in West Irbid to serve the wastewater networks being constructed under another EBRD-financed project, "West Irbid Wastewater Network Project". Collectively both projects will establish an improved and sustainable wastewater system in the area of West-Irbid, providing wastewater connections and services to the surrounding towns for the first time and replacing the current wastewater effluent storage practices from cesspools to an advanced wastewater treatment plant (WWTP) with pre-treatment facilities; which will positively impact the livelihoods of the residents. Project will be co-financed by an investment grant of up to USD 8 million (EUR 7.2 million equivalent) from the UK government under EBRD's High Impact Partnership for Climate Action multi-donor fund ("HIPCA UK") and an investment grant of up to the USD equivalent of EUR 2.75 million from the European Union Neighbourhood Investment Platform ("EU NIP"). In conjunction with the ongoing Wastewater Networks Project, the Project will introduce treated wastewater connections and services to the surrounding towns for the first time, replacing the current cesspool disposal system and thereby positively impacting the livelihood of the residents. The Project is anticipated to benefit approximately 200,000 individuals by 2045, depending upon the pace of project implementation. The existing Wadi Al Arab WWTP in West Irbid is nearing its capacity, necessitating urgent action to initiate the construction of the proposed Project to accommodate the additional effluent conveyed through the new sewage networks currently being constructed (50% completion) under the scope of the EBRD-financed West Irbid Wastewater Networks Project. The West Irbid WWTP will be positioned at a lower altitude relative to the sewage networks in the area of West Irbid, enabling gravity conveyance of the effluent rather than relying on energy-intensive pumping stations which will reduce energy consumption and operational costs The Project will also minimize the carbon footprint by replacing the current wastewater effluent storage practices from cesspools to an advanced wastewater treatment plant (WWTP) with pre-treatment facilities; which will positively impact the livelihoods of the residents. The Project will also contribute to Jordan's comprehensive wastewater investment program, offering effective solutions to existing sector challenges and creating employment opportunities for underserved groups. Simultaneously, it will promote the development of human resources and the implementation of policies fostering equality of opportunities within the Water Authority of Jordan.European Bank for Reconstruction and DevelopmentJORDAN SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGAMMAN31.95522 35.9450316466777.5516633108.64JORDAN SOVEREIGN166331.09JORDAN SOVEREIGNSTATESTATESTATESTATEProvision of a sovereign loan of up to USD 19 million (EUR 17.1 million) to the Hashemite Kingdom of Jordan to finance the construction of a new, modern, and efficient wastewater treatment plant in West Irbid to serve the wastewater networks being constructed under another EBRD-financed project, "West Irbid Wastewater Network Project". Collectively both projects will establish an improved and sustainable wastewater system in the area of West-Irbid, providing wastewater connections and services to the surrounding towns for the first time and replacing the current wastewater effluent storage practices from cesspools to an advanced wastewater treatment plant (WWTP) with pre-treatment facilities; which will positively impact the livelihoods of the residents. Project will be co-financed by an investment grant of up to USD 8 million (EUR 7.2 million equivalent) from the UK government under EBRD's High Impact Partnership for Climate Action multi-donor fund ("HIPCA UK") and an investment grant of up to the USD equivalent of EUR 2.75 million from the European Union Neighbourhood Investment Platform ("EU NIP"). In conjunction with the ongoing Wastewater Networks Project, the Project will introduce treated wastewater connections and services to the surrounding towns for the first time, replacing the current cesspool disposal system and thereby positively impacting the livelihood of the residents. The Project is anticipated to benefit approximately 200,000 individuals by 2045, depending upon the pace of project implementation. The existing Wadi Al Arab WWTP in West Irbid is nearing its capacity, necessitating urgent action to initiate the construction of the proposed Project to accommodate the additional effluent conveyed through the new sewage networks currently being constructed (50% completion) under the scope of the EBRD-financed West Irbid Wastewater Networks Project. The West Irbid WWTP will be positioned at a lower altitude relative to the sewage networks in the area of West Irbid, enabling gravity conveyance of the effluent rather than relying on energy-intensive pumping stations which will reduce energy consumption and operational costs The Project will also minimize the carbon footprint by replacing the current wastewater effluent storage practices from cesspools to an advanced wastewater treatment plant (WWTP) with pre-treatment facilities; which will positively impact the livelihoods of the residents. The Project will also contribute to Jordan's comprehensive wastewater investment program, offering effective solutions to existing sector challenges and creating employment opportunities for underserved groups. Simultaneously, it will promote the development of human resources and the implementation of policies fostering equality of opportunities within the Water Authority of Jordan. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54056XI-IATI-EBRD-55695European Bank for Reconstruction and DevelopmentEUR 77.5 million credit protection to UniCredit Bank S.A. ("UniCredit Romania"), a bank incorporated in Romania, through participation in a synthetic securitisation of a portfolio of performing SME and corporate loans, originated by UniCredit Romania. The structure employs an unfunded guarantee, which transfers the credit risk of the mezzanine tranche of the securitised portfolio to EBRD. The transaction is part of the UniCredit Group A.R.T.S. program related to Significant Risk Transfer transactions. The project will enable UniCredit Romania to strengthen its financial resilience and expand its lending capacity to the real economy. UniCredit Romania has committed to providing new financing to Romanian SMEs and corporates redeploying the capital relief achieved through the project. Of this new financing, an amount equal to 120% of the EBRD guarantee will be dedicated to GET-eligible projects, supporting climate action and environmental sustainability.European Bank for Reconstruction and DevelopmentUNICREDIT BANK SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUCHAREST44.43225 26.106267745743877457438UNICREDIT BANK SAPRIVATEPRIVATEPRIVATEEUR 77.5 million credit protection to UniCredit Bank S.A. ("UniCredit Romania"), a bank incorporated in Romania, through participation in a synthetic securitisation of a portfolio of performing SME and corporate loans, originated by UniCredit Romania. The structure employs an unfunded guarantee, which transfers the credit risk of the mezzanine tranche of the securitised portfolio to EBRD. The transaction is part of the UniCredit Group A.R.T.S. program related to Significant Risk Transfer transactions. The project will enable UniCredit Romania to strengthen its financial resilience and expand its lending capacity to the real economy. UniCredit Romania has committed to providing new financing to Romanian SMEs and corporates redeploying the capital relief achieved through the project. Of this new financing, an amount equal to 120% of the EBRD guarantee will be dedicated to GET-eligible projects, supporting climate action and environmental sustainability. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55695XI-IATI-EBRD-48356European Bank for Reconstruction and DevelopmentThe EBRD is providing a multicurrency loan in the amount of up to EUR 245 mln equivalent (KZT 93 bln) to Intergas Central Asia JSC, the national operator of gas transmission pipelines in Kazakhstan. The debt finance will be used to support the ongoing capital expenditures programme, including the expansion of Bozoi underground gas storage facility, and to help ICA optimise its balance sheet by replacing existing hard currency-denominated liabilities with local currency funding. The Bozoi underground gas storage expansion, which the EBRD will support, aims to enhance the security of natural gas supplies to the southern region of Kazakhstan to smooth out the peaks in gas consumption of local clients experiencing power deficit during cold season and improve the load profile of the gas transmission system operated by the Company. Through the Project the Bank will also help the Company optimise its balance sheet to achieve a sustainable currency balance between its income and liabilities.European Bank for Reconstruction and DevelopmentINTERGAS CENTRAL ASIA JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGASTANA51.1801 71.44598226981130.93INTERGAS CENTRAL ASIA JSC122559747.88INTERGAS CENTRAL ASIA JSC70034141.64INTERGAS CENTRAL ASIA JSC123456600.89INTERGAS CENTRAL ASIA JSC8364201.7INTERGAS CENTRAL ASIA JSC13131918INTERGAS CENTRAL ASIA JSC7809411.45INTERGAS CENTRAL ASIA JSCSTATESTATESTATESTATEThe EBRD is providing a multicurrency loan in the amount of up to EUR 245 mln equivalent (KZT 93 bln) to Intergas Central Asia JSC, the national operator of gas transmission pipelines in Kazakhstan. The debt finance will be used to support the ongoing capital expenditures programme, including the expansion of Bozoi underground gas storage facility, and to help ICA optimise its balance sheet by replacing existing hard currency-denominated liabilities with local currency funding. The Bozoi underground gas storage expansion, which the EBRD will support, aims to enhance the security of natural gas supplies to the southern region of Kazakhstan to smooth out the peaks in gas consumption of local clients experiencing power deficit during cold season and improve the load profile of the gas transmission system operated by the Company. Through the Project the Bank will also help the Company optimise its balance sheet to achieve a sustainable currency balance between its income and liabilities. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48356XI-IATI-EBRD-55895European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan to BMCE - Bank of Africa ("BOA") of up to EUR 35 million, as part of a EUR 70 million "GEFF +" Package (including also a EUR 35 million GEFF III loan). Up to EUR 2.8 million is expected to be co-financed by Canada through the multi-donor fund High-Impact Partnership on Climate Action ("HIPCA Canada"). A comprehensive Technical Cooperation support for this operation will be funded by the European Union as part of the Morocco Decarbonisation and Climate Resilience ("MDCR"). The proceeds of the loan will be used by BoA and its leasing subsidiary Maghrebail for on-lending to private companies to finance their climate change mitigation and adaptation investments. The project will promote a green economy in Morocco by supporting eligible private sector Corporates implementing mid-size climate-resilient investments. The project will specifically target, among other things: mid-size renewable energy investments, mid-size industrial energy efficiency sub-projects (such as energy efficiency upgrading of industrial sites), green buildings, eligible private sector investments in the municipal infrastructure sector, as well as climate adaptation projects (such as wastewater treatment or water desalination) and circular economy investments.European Bank for Reconstruction and DevelopmentBANK OF AFRICA SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCASABLANCA33.58831 -7.611389200000BANK OF AFRICA SAPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan to BMCE - Bank of Africa ("BOA") of up to EUR 35 million, as part of a EUR 70 million "GEFF +" Package (including also a EUR 35 million GEFF III loan). Up to EUR 2.8 million is expected to be co-financed by Canada through the multi-donor fund High-Impact Partnership on Climate Action ("HIPCA Canada"). A comprehensive Technical Cooperation support for this operation will be funded by the European Union as part of the Morocco Decarbonisation and Climate Resilience ("MDCR"). The proceeds of the loan will be used by BoA and its leasing subsidiary Maghrebail for on-lending to private companies to finance their climate change mitigation and adaptation investments. The project will promote a green economy in Morocco by supporting eligible private sector Corporates implementing mid-size climate-resilient investments. The project will specifically target, among other things: mid-size renewable energy investments, mid-size industrial energy efficiency sub-projects (such as energy efficiency upgrading of industrial sites), green buildings, eligible private sector investments in the municipal infrastructure sector, as well as climate adaptation projects (such as wastewater treatment or water desalination) and circular economy investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55895XI-IATI-EBRD-52368European Bank for Reconstruction and DevelopmentProvision of an uncommitted Trade Facilitation Programme ("TFP") limit of up to USD 30 million to Ahli United Bank Egypt ("AUBE") for guarantees and cash advances. The project will support AUBE to facilitate and strengthen its current trade finance business by providing guarantees and cash advances to fund trade-related loans to local companies for pre-export and post-import financing and local distribution of imported goods.European Bank for Reconstruction and DevelopmentKUWAIT FINANCE HOUSE BANK EGYPT SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496727104KUWAIT FINANCE HOUSE BANK EGYPT SAEPRIVATEPRIVATEPRIVATEProvision of an uncommitted Trade Facilitation Programme ("TFP") limit of up to USD 30 million to Ahli United Bank Egypt ("AUBE") for guarantees and cash advances. The project will support AUBE to facilitate and strengthen its current trade finance business by providing guarantees and cash advances to fund trade-related loans to local companies for pre-export and post-import financing and local distribution of imported goods. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52368XI-IATI-EBRD-48227European Bank for Reconstruction and DevelopmentA financing package of up to USD 100 million to Bank of Alexandria "AlexBank", an Egyptian bank. The facility will comprise (i) a senior loan for on-lending to private small and medium enterprises (''SMEs'') for up to USD 50 million; and (ii) up to USD 50 million trade finance limit for guarantees and cash advances. The EBRD loan will assist AlexBank to develop its SME lending activities and expand access to finance for underserved private SMEs. The trade finance limit will provide guarantees to international commercial banks (confirming banks) by taking the political and commercial payment risk of transactions undertaken by AlexBank. In addition, it will provide cash loans to fund trade-related advances to local companies exclusively for the purpose of pre-export, post-import and local distribution of imported goods.European Bank for Reconstruction and DevelopmentBANK OF ALEXANDRIA SAE (ALEXBANK)European Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.249675113710.09BANK OF ALEXANDRIA SAE (ALEXBANK)PRIVATEPRIVATEPRIVATEA financing package of up to USD 100 million to Bank of Alexandria "AlexBank", an Egyptian bank. The facility will comprise (i) a senior loan for on-lending to private small and medium enterprises (''SMEs'') for up to USD 50 million; and (ii) up to USD 50 million trade finance limit for guarantees and cash advances. The EBRD loan will assist AlexBank to develop its SME lending activities and expand access to finance for underserved private SMEs. The trade finance limit will provide guarantees to international commercial banks (confirming banks) by taking the political and commercial payment risk of transactions undertaken by AlexBank. In addition, it will provide cash loans to fund trade-related advances to local companies exclusively for the purpose of pre-export, post-import and local distribution of imported goods. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48227XI-IATI-EBRD-50951European Bank for Reconstruction and DevelopmentProvision of up to EUR 40 million green financing package to Banque Centrale Populaire ("BCP") which will be co-financed by Green Climate Fund. The package will comprise: i. a loan in the amount of up to EUR 10 million equivalent under the GCF GEFF Regional Framework ("GCF GEFF"), of which up to EUR 2.5 million equivalent is expected to be co-financed by the Green Climate Fund; ii. a loan in the amount of up to EUR 30 million equivalent under the GCF GEFF Regional - Morocco Value Chain Framework ("GVC"), of which up to EUR 7.5 million equivalent is expected to be co-financed by the Green Climate Fund; The EBRD loans will enable BCP and its leasing subsidiary Maroc Leasing to on-lend to eligible private sub-borrowers (i) to implement green investments in energy efficiency, renewable energy, and climate resilience measures and (ii) to boost the competitiveness of Small and Medium Enterprises part of a value chain.European Bank for Reconstruction and DevelopmentBANQUE CENTRALE POPULAIRE DU MAROCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCASABLANCA33.58831 -7.611387222270.86BANQUE CENTRALE POPULAIRE DU MAROCPRIVATEPRIVATEPRIVATEProvision of up to EUR 40 million green financing package to Banque Centrale Populaire ("BCP") which will be co-financed by Green Climate Fund. The package will comprise: i. a loan in the amount of up to EUR 10 million equivalent under the GCF GEFF Regional Framework ("GCF GEFF"), of which up to EUR 2.5 million equivalent is expected to be co-financed by the Green Climate Fund; ii. a loan in the amount of up to EUR 30 million equivalent under the GCF GEFF Regional - Morocco Value Chain Framework ("GVC"), of which up to EUR 7.5 million equivalent is expected to be co-financed by the Green Climate Fund; The EBRD loans will enable BCP and its leasing subsidiary Maroc Leasing to on-lend to eligible private sub-borrowers (i) to implement green investments in energy efficiency, renewable energy, and climate resilience measures and (ii) to boost the competitiveness of Small and Medium Enterprises part of a value chain. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50951XI-IATI-EBRD-54796European Bank for Reconstruction and DevelopmentThe proposed transaction is an equity commitment of up to US$ 15 million in favour of Highland Central Asia Fund II (the Fund). The Fund will make equity and equity related investments in SMEs in Uzbekistan and the Kyrgyz Republic with the objective of generating long-term capital appreciation.European Bank for Reconstruction and DevelopmentHIGHLAND CENTRAL ASIA FUND II LPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBISHKEK42.87 74.59TASHKENT41.26465 69.2162712934140.5813127774.01HIGHLAND CENTRAL ASIA FUND II LPPRIVATEPRIVATEPRIVATEThe proposed transaction is an equity commitment of up to US$ 15 million in favour of Highland Central Asia Fund II (the Fund). The Fund will make equity and equity related investments in SMEs in Uzbekistan and the Kyrgyz Republic with the objective of generating long-term capital appreciation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54796XI-IATI-EBRD-55000European Bank for Reconstruction and DevelopmentThe provision of a senior loan of US$ 10 million equivalent to Closed Joint-Stock Kompanion bank under the Financial Intermediaries Framework ("FIF"). The proceeds will be used to finance eligible MSMEs in accordance with the standard requirements set in the Policy Statement for the FIF. The MSME Loan III will enable Kompanion to maintain the diversification of its funding base, extend the duration of its liabilities and expand financing of MSMEs in Kyrgyz Republic at a multiple of the EBRD financing.European Bank for Reconstruction and DevelopmentKOMPANION BANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBISHKEK42.87 74.595200004.98KOMPANION BANK CJSCPRIVATEPRIVATEPRIVATEThe provision of a senior loan of US$ 10 million equivalent to Closed Joint-Stock Kompanion bank under the Financial Intermediaries Framework ("FIF"). The proceeds will be used to finance eligible MSMEs in accordance with the standard requirements set in the Policy Statement for the FIF. The MSME Loan III will enable Kompanion to maintain the diversification of its funding base, extend the duration of its liabilities and expand financing of MSMEs in Kyrgyz Republic at a multiple of the EBRD financing. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55000XI-IATI-EBRD-55367European Bank for Reconstruction and DevelopmentThe provision of a sovereign loan of up to €61.7 million to the Kyrgyz Republic, to be on-lent to Open Joint Stock Company National Electric Grid of Kyrgyz Republic (NEGK) to finance the construction of (i) a new substation outside Balykchy city in the Issyk-Kul region (Balykchy SS) and (ii) a 500 kV overhead transmission line between the existing Kemin substation in the Chui region and the new Balykchy SS. The primary objective of the project is to support the connection of around 500 MW of planned renewable energy capacity under the development to the national power grid. Implementing the project will also significantly improve the transmission network's reliability, efficiency, stability, quality and security of the electricity supply.European Bank for Reconstruction and DevelopmentKYRGYZ REPUBLIC SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBISHKEK42.87 74.596170000061700000KYRGYZ REPUBLIC SOVEREIGNSTATESTATESTATESTATEThe provision of a sovereign loan of up to €61.7 million to the Kyrgyz Republic, to be on-lent to Open Joint Stock Company National Electric Grid of Kyrgyz Republic (NEGK) to finance the construction of (i) a new substation outside Balykchy city in the Issyk-Kul region (Balykchy SS) and (ii) a 500 kV overhead transmission line between the existing Kemin substation in the Chui region and the new Balykchy SS. The primary objective of the project is to support the connection of around 500 MW of planned renewable energy capacity under the development to the national power grid. Implementing the project will also significantly improve the transmission network's reliability, efficiency, stability, quality and security of the electricity supply. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55367XI-IATI-EBRD-55284European Bank for Reconstruction and DevelopmentThe provision of a senior loan of up to €297 million (equivalent) to Kazakhstan Electricity Grid Operating Company JSC (KEGOC) to finance the construction of high-voltage electricity transmission lines and associated infrastructure. The Company is responsible for the transmission and dispatch of the electrical power and ensures the stability and reliability of the high voltage Unified Power System of Kazakhstan. The proceeds will be used for the construction of (i) 604 km long 500kV overhead transmission line between towns of Ulke and Karabatan in Western Kazakhstan, (ii) 500kV substation in Karabatan and expansion of (iii) 220kV switchyard at the Karabatan substation and the 500 kV switchyard at the Ulke substation. The project will connect currently isolated West Power Zone with the Unified Power System of Kazakhstan. The project aims to enhance Kazakhstan's energy security and independence, improving the reliability of energy supply, strengthening climate resilience of Western Kazakhstan, and integrating utility-scale renewable energy capacities.European Bank for Reconstruction and DevelopmentKAZAKHSTAN ELECTRICITY GRID OPERATING COMPANY JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGASTANA51.1801 71.44598183392588.01241307941.97KAZAKHSTAN ELECTRICITY GRID OPERATING COMPANY JSCSTATESTATESTATESTATEThe provision of a senior loan of up to €297 million (equivalent) to Kazakhstan Electricity Grid Operating Company JSC (KEGOC) to finance the construction of high-voltage electricity transmission lines and associated infrastructure. The Company is responsible for the transmission and dispatch of the electrical power and ensures the stability and reliability of the high voltage Unified Power System of Kazakhstan. The proceeds will be used for the construction of (i) 604 km long 500kV overhead transmission line between towns of Ulke and Karabatan in Western Kazakhstan, (ii) 500kV substation in Karabatan and expansion of (iii) 220kV switchyard at the Karabatan substation and the 500 kV switchyard at the Ulke substation. The project will connect currently isolated West Power Zone with the Unified Power System of Kazakhstan. The project aims to enhance Kazakhstan's energy security and independence, improving the reliability of energy supply, strengthening climate resilience of Western Kazakhstan, and integrating utility-scale renewable energy capacities. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55284XI-IATI-EBRD-52714European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan to OMRO IFN SA ("OMRO") in the amount of up to EUR 1 million for on-lending to local micro, small and medium-sized enterprises ("MSMEs") in Romania under the Financial Intermediary Framework ("FIF"). The proceeds of the loan will be used to finance local micro, small and medium-sized enterprises (MSMEs) to ensure their uninterrupted access to finance as the economy continues to recover from the Covid-19 pandemic.European Bank for Reconstruction and DevelopmentOMRO IFN SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTARGU MURES46.54245 24.55747943110.82OMRO IFN SAPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan to OMRO IFN SA ("OMRO") in the amount of up to EUR 1 million for on-lending to local micro, small and medium-sized enterprises ("MSMEs") in Romania under the Financial Intermediary Framework ("FIF"). The proceeds of the loan will be used to finance local micro, small and medium-sized enterprises (MSMEs) to ensure their uninterrupted access to finance as the economy continues to recover from the Covid-19 pandemic. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52714XI-IATI-EBRD-56564European Bank for Reconstruction and DevelopmentPortfolio Risk Sharing (PRS) in the form of an unfunded portfolio guarantee of up to €25 million provided by the Bank in favour of Union Bank (UB). The guarantee will cover up to 50 per cent of the credit risk on a pro rata basis on the newly-generated SME+ loan portfolio of up to €50 million originated by UB. The product aims to release UB's risk-taking capacity to boost on-lending to SME+, addressing an SME financing gap in the market.European Bank for Reconstruction and DevelopmentUNION BANK SHAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTIRANA41.3275 19.818892500000025000000UNION BANK SHAPRIVATEPRIVATEPRIVATEPortfolio Risk Sharing (PRS) in the form of an unfunded portfolio guarantee of up to €25 million provided by the Bank in favour of Union Bank (UB). The guarantee will cover up to 50 per cent of the credit risk on a pro rata basis on the newly-generated SME+ loan portfolio of up to €50 million originated by UB. The product aims to release UB's risk-taking capacity to boost on-lending to SME+, addressing an SME financing gap in the market. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56564XI-IATI-EBRD-51265European Bank for Reconstruction and DevelopmentThe provision of a sovereign loan of up to USD 238 million (EUR 224 million) to the Republic of Uzbekistan for the benefit of the Committee for Roads under the Ministry of Transport ("Client"), to finance the rehabilitation of an estimated 81 km section of 4R156 regional road and a bridge across the Amu Darya River in Horezm Region ("Project"). The Project will contribute to: (i) regional and cross-border connectivity improvement, (ii) road safety enhancement and (iii) shifting the government's policy towards the "green economy", becoming more prepared for lower usage of hydrocarbon fuels and for future wider proliferation of Electric Vehicles (EVs) and hybrid vehicles.European Bank for Reconstruction and DevelopmentUZBEKISTAN SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.21627188783708.49208351571.39UZBEKISTAN SOVEREIGN2083515.71UZBEKISTAN SOVEREIGN549533.4UZBEKISTAN SOVEREIGN141641.86UZBEKISTAN SOVEREIGN96734.66UZBEKISTAN SOVEREIGN74411.28UZBEKISTAN SOVEREIGN111616.91UZBEKISTAN SOVEREIGN9525056.89UZBEKISTAN SOVEREIGN6985352.19UZBEKISTAN SOVEREIGNSTATESTATESTATESTATEThe provision of a sovereign loan of up to USD 238 million (EUR 224 million) to the Republic of Uzbekistan for the benefit of the Committee for Roads under the Ministry of Transport ("Client"), to finance the rehabilitation of an estimated 81 km section of 4R156 regional road and a bridge across the Amu Darya River in Horezm Region ("Project"). The Project will contribute to: (i) regional and cross-border connectivity improvement, (ii) road safety enhancement and (iii) shifting the government's policy towards the "green economy", becoming more prepared for lower usage of hydrocarbon fuels and for future wider proliferation of Electric Vehicles (EVs) and hybrid vehicles. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51265XI-IATI-EBRD-54634European Bank for Reconstruction and DevelopmentProvision of a senior loan of up USD 3.0 million equivalent to Humo, of which up USD 2.25m equivalent is to be provided by the EBRD and up USD 0.75m to be provided by the GCF under the GCF-Green Economy Financing Facility Regional Framework (GCF-GEFF Programme in Tajikistan II). The proposed operation complies with the GCF GEFF Regional Framework criteria. This is the third loan under the Framework to Humo which follows the successful utilisation of the "pilot" loan signed in 2019 and the second facility in 2022. Proceeds of the loan will be allocated to climate change mitigation and adaptation technologies. The transaction will support further expansion of Humo's product offerings with green lending products, in a gender responsive way.European Bank for Reconstruction and DevelopmentHUMO BANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGDUSHANBE38.53575 68.779051987128.04HUMO BANK CJSCPRIVATEPRIVATEPRIVATEProvision of a senior loan of up USD 3.0 million equivalent to Humo, of which up USD 2.25m equivalent is to be provided by the EBRD and up USD 0.75m to be provided by the GCF under the GCF-Green Economy Financing Facility Regional Framework (GCF-GEFF Programme in Tajikistan II). The proposed operation complies with the GCF GEFF Regional Framework criteria. This is the third loan under the Framework to Humo which follows the successful utilisation of the "pilot" loan signed in 2019 and the second facility in 2022. Proceeds of the loan will be allocated to climate change mitigation and adaptation technologies. The transaction will support further expansion of Humo's product offerings with green lending products, in a gender responsive way. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54634XI-IATI-EBRD-55423European Bank for Reconstruction and DevelopmentProvision of a senior unsecured WiB loan of up to USD 10 mln (EUR 9.2 mln) ("WiB loan"). The WiB loan will include up to USD 5 mln for eligible investments in digitalization under the digital component of the Central Asian WiB Programme ("CA-WiB"). Tenor is 3 years, including a 1.5-year grace period. The operation will promote the competitiveness of the local economy and contribute to the financial inclusion of underserved female entrepreneurs.European Bank for Reconstruction and DevelopmentKHAN BANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGULAANBAATAR47.90771 106.883248754267.71KHAN BANK JSCPRIVATEPRIVATEPRIVATEProvision of a senior unsecured WiB loan of up to USD 10 mln (EUR 9.2 mln) ("WiB loan"). The WiB loan will include up to USD 5 mln for eligible investments in digitalization under the digital component of the Central Asian WiB Programme ("CA-WiB"). Tenor is 3 years, including a 1.5-year grace period. The operation will promote the competitiveness of the local economy and contribute to the financial inclusion of underserved female entrepreneurs. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55423XI-IATI-EBRD-48047European Bank for Reconstruction and DevelopmentThe EBRD agreed to provide a senior loan in the amount of up to EUR KZT 20 bln to KazTransGas-Aimak JSC, a natural gas distribution company of Kazakhstan. The debt finance is used to support the regional gasification and modernisation of natural gas pipeline network in Kazakhstan to be implemented over the next three years (the "Project"). In particular, the loan will finance (i) the extension of the gas network to several key regional administrative centres; and (ii) reconstruction and modernisation of the existing distribution networks in western provinces of Kazakhstan, which will include, the upgrade of existing, and construction of additional, pressure reduction and metering stations (AGRS) and replacement of an aged carbon steel piping with new polyethylene pipelines. One of the key objectives of the Project is to increase penetration of pipeline gas, particularly in remote areas of Kazakhstan, which will in turn promote a fuel switching from carbon-intensive fuels such as coal to a much cleaner fuel, natural gas.European Bank for Reconstruction and DevelopmentQAZAQGAZ AIMAK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGASTANA51.1801 71.4459836197096.22QAZAQGAZ AIMAK JSC2534193.05QAZAQGAZ AIMAK JSC1962897.16QAZAQGAZ AIMAK JSC1910670.73QAZAQGAZ AIMAK JSC2161331.93QAZAQGAZ AIMAK JSC1851488.62QAZAQGAZ AIMAK JSC2806317.7QAZAQGAZ AIMAK JSC5116293.72QAZAQGAZ AIMAK JSC5764377.53QAZAQGAZ AIMAK JSC4351500.7QAZAQGAZ AIMAK JSC1501029.18QAZAQGAZ AIMAK JSC1142840.73QAZAQGAZ AIMAK JSCSTATESTATESTATESTATEThe EBRD agreed to provide a senior loan in the amount of up to EUR KZT 20 bln to KazTransGas-Aimak JSC, a natural gas distribution company of Kazakhstan. The debt finance is used to support the regional gasification and modernisation of natural gas pipeline network in Kazakhstan to be implemented over the next three years (the "Project"). In particular, the loan will finance (i) the extension of the gas network to several key regional administrative centres; and (ii) reconstruction and modernisation of the existing distribution networks in western provinces of Kazakhstan, which will include, the upgrade of existing, and construction of additional, pressure reduction and metering stations (AGRS) and replacement of an aged carbon steel piping with new polyethylene pipelines. One of the key objectives of the Project is to increase penetration of pipeline gas, particularly in remote areas of Kazakhstan, which will in turn promote a fuel switching from carbon-intensive fuels such as coal to a much cleaner fuel, natural gas. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48047XI-IATI-EBRD-48545European Bank for Reconstruction and DevelopmentA financing extension of a ground-mounted solar PV power plant in the Zhambyl region, Southern Kazakhstan. As an extension of the first large-scale solar power plant in Kazakhstan, the project has the potential of becoming an example of successful implementation of a project-financed renewable energy project in the country. Located in the electricity-constrained southern part of the country the Project will help reduce dependence on the electricity imports from other regions (mostly coal fired plants in the North) and reduce associated transmission losses.European Bank for Reconstruction and DevelopmentBURNOYE SOLAR - 2 LLPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTARAZ42.9 71.3666725971295.19BURNOYE SOLAR - 2 LLPPRIVATEPRIVATEPRIVATEA financing extension of a ground-mounted solar PV power plant in the Zhambyl region, Southern Kazakhstan. As an extension of the first large-scale solar power plant in Kazakhstan, the project has the potential of becoming an example of successful implementation of a project-financed renewable energy project in the country. Located in the electricity-constrained southern part of the country the Project will help reduce dependence on the electricity imports from other regions (mostly coal fired plants in the North) and reduce associated transmission losses. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48545XI-IATI-EBRD-54298European Bank for Reconstruction and DevelopmentThe provision of a senior unsecured loan of up to US$ 4.0 million (€3.6 million) in KZT equivalent to Arnur Credit ("AC") - a private microfinance organisation based in Kazakhstan. The loan will be provided in two equal tranches of up to US$ 2 million each, the second tranche will be uncommitted. The loan will be provided under the KazWiB II (Women in Business Programme II), rolled into the Financial Intermediaries Framework ("FIF"). The aim of the loan is to (i) continue supporting women-led MSMEs, helping them overcome the consequences of the challenging market environment and increase their resilience and adaptability. Supporting women entrepreneurs will be critical for expanding employment opportunities and further advancing macroeconomic and social reforms in Kazakhstan initiated in 2022; (ii) diversify AC's funding base; (iii) enhance AC's product range via new digital sales channels. AC will continue providing loans aimed at investments in climate change mitigation and adaptation technologies and services supporting Green Economy Transition.European Bank for Reconstruction and DevelopmentARNUR CREDIT MICROFINANCE ORGANIZATION LLPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSHYMKENT42.3 69.63219731.71ARNUR CREDIT MICROFINANCE ORGANIZATION LLPPRIVATEPRIVATEPRIVATEThe provision of a senior unsecured loan of up to US$ 4.0 million (€3.6 million) in KZT equivalent to Arnur Credit ("AC") - a private microfinance organisation based in Kazakhstan. The loan will be provided in two equal tranches of up to US$ 2 million each, the second tranche will be uncommitted. The loan will be provided under the KazWiB II (Women in Business Programme II), rolled into the Financial Intermediaries Framework ("FIF"). The aim of the loan is to (i) continue supporting women-led MSMEs, helping them overcome the consequences of the challenging market environment and increase their resilience and adaptability. Supporting women entrepreneurs will be critical for expanding employment opportunities and further advancing macroeconomic and social reforms in Kazakhstan initiated in 2022; (ii) diversify AC's funding base; (iii) enhance AC's product range via new digital sales channels. AC will continue providing loans aimed at investments in climate change mitigation and adaptation technologies and services supporting Green Economy Transition. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54298XI-IATI-EBRD-52938European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to EUR 2.0m (the "GEFF Loan") in two equal tranches of EUR 1.0m (the 2nd tranche will be uncommitted) under the Western Balkans Green Economy Financing Facility II (WB GEFF II). The loan is envisaged to provide financing for on-lending to the residential sector (individuals, housing collectives, producers, vendors of green technologies and service providers) for investments supporting the Green Economy Transition ("GET") in North Macedonia. It will build on the successful utilisation of the first GEFF programme by NLB Banka a.d. Skopje ("NLB SK") - the bank signed one credit line of EUR 3.0m (OpID 49721), which is almost fully disbursed. This GEFF II line will satisfy the increasing demand created on the market, which has proven to be solid and constant as awareness of the advantages of the GEFF product are rising among banks and customers in North Macedonia.European Bank for Reconstruction and DevelopmentNLB BANKA AD SKOPJEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.431412000000NLB BANKA AD SKOPJEPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to EUR 2.0m (the "GEFF Loan") in two equal tranches of EUR 1.0m (the 2nd tranche will be uncommitted) under the Western Balkans Green Economy Financing Facility II (WB GEFF II). The loan is envisaged to provide financing for on-lending to the residential sector (individuals, housing collectives, producers, vendors of green technologies and service providers) for investments supporting the Green Economy Transition ("GET") in North Macedonia. It will build on the successful utilisation of the first GEFF programme by NLB Banka a.d. Skopje ("NLB SK") - the bank signed one credit line of EUR 3.0m (OpID 49721), which is almost fully disbursed. This GEFF II line will satisfy the increasing demand created on the market, which has proven to be solid and constant as awareness of the advantages of the GEFF product are rising among banks and customers in North Macedonia. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52938XI-IATI-EBRD-55632European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 5 million under the FIF - Regional - SME Go Green Programme to NLB Pristina (NLBP). Proceeds of the loan will be used for providing sub-loans to eligible SMEs in Kosovo to improve their competitiveness and trade potential via targeted investments in sustainability practices and the adoption of internationally recognised quality standards, scaling up green economy investments and in particular, greening of agribusiness supply chains and promoting more equitable access to climate and other finance to women-led SMEs. Investment incentives of 10-15% will be provided to sub-borrowers for the implementation of eligible investments in line with the Programme Policy Statement. NLBP will aim to deliver 100 percent of the proceeds to Green Economy Transition (GET) eligible projects.European Bank for Reconstruction and DevelopmentNLB BANKA SHAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRISTINA42.67272 21.166885000000NLB BANKA SHAPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 5 million under the FIF - Regional - SME Go Green Programme to NLB Pristina (NLBP). Proceeds of the loan will be used for providing sub-loans to eligible SMEs in Kosovo to improve their competitiveness and trade potential via targeted investments in sustainability practices and the adoption of internationally recognised quality standards, scaling up green economy investments and in particular, greening of agribusiness supply chains and promoting more equitable access to climate and other finance to women-led SMEs. Investment incentives of 10-15% will be provided to sub-borrowers for the implementation of eligible investments in line with the Programme Policy Statement. NLBP will aim to deliver 100 percent of the proceeds to Green Economy Transition (GET) eligible projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55632XI-IATI-EBRD-52515European Bank for Reconstruction and DevelopmentOn 24 November 2016, the Bank signed a project with the City of Amman to finance priority solid waste investments in Amman (the "Project"). The financing is structured in two tranches: * Tranche I, consisting of JOD 40 million, committed at signing and used to refinance GAM's existing debt to release funds for a comprehensive solid waste crisis response programme. Tranche 1 is co-financed by a GBP 5 million investment grant by an international donor for urgently needed solid waste investments. * Tranche II, consisting of up to EUR 50 million loan from EBRD, remains uncommitted and will finance a series of investments aimed at addressing the City's urgent solid waste needs. Tranche II components are expected to be co-financed by capex grants of up to 50 per cent, provided by international donor(s) and the Bank through its Shareholder Special Fund ("SSF"). To date (June 2020 update), the Bank has financed 5 sub-projects under this Tranche as follows: * Tranche II-A: signed on 10 May 2017, for the construction of a fifth cell at Al-Ghabawi Landfill and its associated leachate lagoons. The component is financed by a JOD 3.25 million EBRD loan and a GBP 4.25 investment grant. * Tranche II-B: signed on 9 May 2018, to finance the purchases of 75 compactors and other equipment to be used by GAM in solid waste operations. The component is financed by a JOD 9.9 million EBRD loan and two investment grants of GBP 5.63 million and USD 7.4 million respectively. * Tranche II-C: signed on 29 November 2018, to finance the capping of cell 4 wells, drilling and installation of the Landfill Gas Recovery ("LFG") collection system, and connecting it to the existing LFG system for cells 1,2 and 3. This component is financed by a JOD 3.2 million EBRD loan and a EUR 3.8 million grant. * Tranche II-D: signed on 19 December 2019 , to finance the upgrade and rehabilitation of Al-Shaer waste transfer station. This component is financed by a JOD 2.5 million EBRD loan and a grant of USD 3.5 million * Tranche II-E: signed on 19 December 2019 , to finance the purchase of 25 sweeper vehicles for use in solid waste operations in Amman. This component is financed by a JOD 2.4 million and a grant of EUR 3.0 million. The Bank is now looking to sign Tranche II-F, which involves financing the construction of Cell number 6 at Al-Ghabawi landfill and the supply and installation of a new gas turbine, which will be connected to the existing landfill gas recovery system at the landfill. The Project will be financed by an EBRD loan of JOD 7.9 million accompanied by a EUR 5.0 million grant from the European Union. The financing package forms part of the EBRD's Refugee Crisis Response Programme. GAM, which hosts around 30 per cent of the Syrian refugee population in Jordan, is largely affected by the on-going refugee influx. This places a heavy strain on Amman's municipal infrastructure and in particular on the solid waste management system. There is an urgent need to strengthen GAM's resilience as well as to optimise its financing, and Tranche I will allow GAM to liberate urgently needed funds to enable it to deal with the on-going challenges. Tranche II of the investment package is targeted towards financing specific investments in the solid waste sector to mitigate the effects of the refugee influx and provide more sustainable and long-term solutions. These investments will be assessed on a project-by-project basis and are expected to be co-financed by investment grants made available by other partners, including, but not limited to, the European Union.European Bank for Reconstruction and DevelopmentMUNICIPALITY OF GREATER AMMANEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGAMMAN31.95522 35.945035980728.979754399.05MUNICIPALITY OF GREATER AMMAN1188119.93MUNICIPALITY OF GREATER AMMAN350762.58MUNICIPALITY OF GREATER AMMAN524755.94MUNICIPALITY OF GREATER AMMAN549468.98MUNICIPALITY OF GREATER AMMAN350044.48MUNICIPALITY OF GREATER AMMAN596120.06MUNICIPALITY OF GREATER AMMAN214398.11MUNICIPALITY OF GREATER AMMANSTATESTATESTATESTATEOn 24 November 2016, the Bank signed a project with the City of Amman to finance priority solid waste investments in Amman (the "Project"). The financing is structured in two tranches: * Tranche I, consisting of JOD 40 million, committed at signing and used to refinance GAM's existing debt to release funds for a comprehensive solid waste crisis response programme. Tranche 1 is co-financed by a GBP 5 million investment grant by an international donor for urgently needed solid waste investments. * Tranche II, consisting of up to EUR 50 million loan from EBRD, remains uncommitted and will finance a series of investments aimed at addressing the City's urgent solid waste needs. Tranche II components are expected to be co-financed by capex grants of up to 50 per cent, provided by international donor(s) and the Bank through its Shareholder Special Fund ("SSF"). To date (June 2020 update), the Bank has financed 5 sub-projects under this Tranche as follows: * Tranche II-A: signed on 10 May 2017, for the construction of a fifth cell at Al-Ghabawi Landfill and its associated leachate lagoons. The component is financed by a JOD 3.25 million EBRD loan and a GBP 4.25 investment grant. * Tranche II-B: signed on 9 May 2018, to finance the purchases of 75 compactors and other equipment to be used by GAM in solid waste operations. The component is financed by a JOD 9.9 million EBRD loan and two investment grants of GBP 5.63 million and USD 7.4 million respectively. * Tranche II-C: signed on 29 November 2018, to finance the capping of cell 4 wells, drilling and installation of the Landfill Gas Recovery ("LFG") collection system, and connecting it to the existing LFG system for cells 1,2 and 3. This component is financed by a JOD 3.2 million EBRD loan and a EUR 3.8 million grant. * Tranche II-D: signed on 19 December 2019 , to finance the upgrade and rehabilitation of Al-Shaer waste transfer station. This component is financed by a JOD 2.5 million EBRD loan and a grant of USD 3.5 million * Tranche II-E: signed on 19 December 2019 , to finance the purchase of 25 sweeper vehicles for use in solid waste operations in Amman. This component is financed by a JOD 2.4 million and a grant of EUR 3.0 million. The Bank is now looking to sign Tranche II-F, which involves financing the construction of Cell number 6 at Al-Ghabawi landfill and the supply and installation of a new gas turbine, which will be connected to the existing landfill gas recovery system at the landfill. The Project will be financed by an EBRD loan of JOD 7.9 million accompanied by a EUR 5.0 million grant from the European Union. The financing package forms part of the EBRD's Refugee Crisis Response Programme. GAM, which hosts around 30 per cent of the Syrian refugee population in Jordan, is largely affected by the on-going refugee influx. This places a heavy strain on Amman's municipal infrastructure and in particular on the solid waste management system. There is an urgent need to strengthen GAM's resilience as well as to optimise its financing, and Tranche I will allow GAM to liberate urgently needed funds to enable it to deal with the on-going challenges. Tranche II of the investment package is targeted towards financing specific investments in the solid waste sector to mitigate the effects of the refugee influx and provide more sustainable and long-term solutions. These investments will be assessed on a project-by-project basis and are expected to be co-financed by investment grants made available by other partners, including, but not limited to, the European Union. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52515XI-IATI-EBRD-52811European Bank for Reconstruction and DevelopmentProvision of a EUR 20m unsecured loan under the Morocco Youth in Business programme to CIH Bank (Credit Immobilier et Hotelier, "CIH"). The proceeds of the loan will be on-lent to local private enterprises led or owned by youth. The project is expected to increase the pool of financing available to young individuals in Morocco, and help this group of borrowers build their skill-set and develop their businesses, thereby promoting youth entrepreneurship and participation in business through an integrated approach.European Bank for Reconstruction and DevelopmentCREDIT IMMOBILIER ET HOTELIER SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCASABLANCA33.58831 -7.6113820000000CREDIT IMMOBILIER ET HOTELIER SAPRIVATEPRIVATEPRIVATEProvision of a EUR 20m unsecured loan under the Morocco Youth in Business programme to CIH Bank (Credit Immobilier et Hotelier, "CIH"). The proceeds of the loan will be on-lent to local private enterprises led or owned by youth. The project is expected to increase the pool of financing available to young individuals in Morocco, and help this group of borrowers build their skill-set and develop their businesses, thereby promoting youth entrepreneurship and participation in business through an integrated approach. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52811XI-IATI-EBRD-49721European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to EUR 3.0m under the Green Energy Financing Facility ("GEFF") in two tranches of EUR 1.0m and EUR 2.0m (2nd tranche uncommitted). Tenor: up to 7 years maturity (consisting of 1year grace and 6 years for principal repayment). Supporting investments in high-performance green technologies, materials and solutions undertaken in privately-owned residential dwellings or buildings ("sub-projects"). Sub-projects will be selected according to technical and financial eligibility criteria set forth in the Policy Statement for GEFF-WB, which will be an integral part of the loan agreement to be signed with NLB SK. 100% of the use of proceeds will be related to Green Economy Transition ("GET") investments.European Bank for Reconstruction and DevelopmentNLB BANKA AD SKOPJEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.431413000000NLB BANKA AD SKOPJEPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to EUR 3.0m under the Green Energy Financing Facility ("GEFF") in two tranches of EUR 1.0m and EUR 2.0m (2nd tranche uncommitted). Tenor: up to 7 years maturity (consisting of 1year grace and 6 years for principal repayment). Supporting investments in high-performance green technologies, materials and solutions undertaken in privately-owned residential dwellings or buildings ("sub-projects"). Sub-projects will be selected according to technical and financial eligibility criteria set forth in the Policy Statement for GEFF-WB, which will be an integral part of the loan agreement to be signed with NLB SK. 100% of the use of proceeds will be related to Green Economy Transition ("GET") investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49721XI-IATI-EBRD-55927European Bank for Reconstruction and DevelopmentThe Project includes financing of the acquisition of the company Papir Print d.o.o. by Inn-Flex S.r.L. , post-acquisition capacity expansion investment and balance sheet restructuring of the Company. The Project will allow the Group to widen its product offering, enter into new industry segment (flexible printing), further develop and integrate its operations in Serbia and to put in place an appropriate financing structure that will support this strategic direction.European Bank for Reconstruction and DevelopmentPAPIR PRINT DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGGORNJI MILANOVAC44.02603 20.4615260000011000000PAPIR PRINT DOOPRIVATEPRIVATEPRIVATEThe Project includes financing of the acquisition of the company Papir Print d.o.o. by Inn-Flex S.r.L. , post-acquisition capacity expansion investment and balance sheet restructuring of the Company. The Project will allow the Group to widen its product offering, enter into new industry segment (flexible printing), further develop and integrate its operations in Serbia and to put in place an appropriate financing structure that will support this strategic direction. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55927XI-IATI-EBRD-54434European Bank for Reconstruction and DevelopmentProvision of a senior secured loan to Addiko Bank dd Sarajevo ("ABSA") of EUR 3 million under the Financial Intermediaries Framework ("FIF") for on-lending to small and medium enterprises (SMEs) in Bosnia and Herzegovina. The proposed project will improve access to finance for SMEs, which are the main source of employment in the private sector and a major contributor to the economy in Bosnia and Herzegovina. The bank is successfully implementing a SME-focused strategy and well-positioned to provide much needed financing to smaller businesses in the country via its regional branch network. The focus will also be on lending in the regions outside the capital and attracting new SME clients. In addition, the project will help in the rollout of the Business Academy to boost the management capacity of SMEs across the country.European Bank for Reconstruction and DevelopmentADDIKO BANK DD SARAJEVOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.356441500000ADDIKO BANK DD SARAJEVOPRIVATEPRIVATEPRIVATEProvision of a senior secured loan to Addiko Bank dd Sarajevo ("ABSA") of EUR 3 million under the Financial Intermediaries Framework ("FIF") for on-lending to small and medium enterprises (SMEs) in Bosnia and Herzegovina. The proposed project will improve access to finance for SMEs, which are the main source of employment in the private sector and a major contributor to the economy in Bosnia and Herzegovina. The bank is successfully implementing a SME-focused strategy and well-positioned to provide much needed financing to smaller businesses in the country via its regional branch network. The focus will also be on lending in the regions outside the capital and attracting new SME clients. In addition, the project will help in the rollout of the Business Academy to boost the management capacity of SMEs across the country. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54434XI-IATI-EBRD-57067European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to USD 30 million to the National Bank of Kuwait S.A.E (NBKE) under the Financial Intermediaries Framework ("FIF"), to be on lent to eligible micro small and medium enterprises ("MSMEs"). The term of the loan is 4 years with 1 year grace period. The EBRD loan will support NBKE's lending activities and expand access to finance for the underserved MSME segment.European Bank for Reconstruction and DevelopmentNATIONAL BANK OF KUWAIT EGYPT NBK SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496726262803.12NATIONAL BANK OF KUWAIT EGYPT NBK SAEPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to USD 30 million to the National Bank of Kuwait S.A.E (NBKE) under the Financial Intermediaries Framework ("FIF"), to be on lent to eligible micro small and medium enterprises ("MSMEs"). The term of the loan is 4 years with 1 year grace period. The EBRD loan will support NBKE's lending activities and expand access to finance for the underserved MSME segment. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57067XI-IATI-EBRD-46871European Bank for Reconstruction and DevelopmentThe EBRD is providing a loan of up to RON 28 million (€6.5 million) to S.C. Apa Canal Ilfov S.A. (the 'company'), a regional operating company providing water and wastewater services in Ilfov County, in Romania's south east, around the capital Bucharest. The loan will co-finance the company's RON 308.4 million (€ 68.5 million) regional investment programme approved by the EU under Romania's Cohesion Fund Programme (the 'project'). The proposed transaction will enable the company to expand and modernise its water and wastewater network, resulting in improved water and wastewater services for 8 localities and 60,000 inhabitants of Ilfov County. The proposed investments will enable the company to: (1) increase access to water supply and wastewater treatment in the covered area; (2) reduce water losses and increase operating efficiencies; and, (3) reach compliance with the EU Water and Wastewater Directives in its service area.European Bank for Reconstruction and DevelopmentWATER COMPANY OF THE COUNTY OF ILFOVEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUFTEA44.56139 25.948895459010.18WATER COMPANY OF THE COUNTY OF ILFOV2872470.08WATER COMPANY OF THE COUNTY OF ILFOV2586540.1WATER COMPANY OF THE COUNTY OF ILFOVSTATESTATESTATESTATEThe EBRD is providing a loan of up to RON 28 million (€6.5 million) to S.C. Apa Canal Ilfov S.A. (the 'company'), a regional operating company providing water and wastewater services in Ilfov County, in Romania's south east, around the capital Bucharest. The loan will co-finance the company's RON 308.4 million (€ 68.5 million) regional investment programme approved by the EU under Romania's Cohesion Fund Programme (the 'project'). The proposed transaction will enable the company to expand and modernise its water and wastewater network, resulting in improved water and wastewater services for 8 localities and 60,000 inhabitants of Ilfov County. The proposed investments will enable the company to: (1) increase access to water supply and wastewater treatment in the covered area; (2) reduce water losses and increase operating efficiencies; and, (3) reach compliance with the EU Water and Wastewater Directives in its service area. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/46871XI-IATI-EBRD-51385European Bank for Reconstruction and DevelopmentProvision of a senior loan to National Bank of Egypt ("NBE") of up to USD 20 million for on-lending to local private high growth Small and Medium Enterprises ("SMEs"), which commit to strengthening their capacity to train and retain skilled labour, in particular youth. The project will address labour force skills mismatch, which constrains businesses in their growth, and create better and more sustainable jobs, including for young people. This will be achieved by incentivising enterprises to increase their capacity to effectively recruit, train and retain skilled labour. It is expected to ultimately improve young people's employability and ensure a supply of skilled workers for businesses, essential to support expansion plans.European Bank for Reconstruction and DevelopmentNATIONAL BANK OF EGYPT SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496717508535.41NATIONAL BANK OF EGYPT SAEPRIVATEPRIVATEPRIVATEProvision of a senior loan to National Bank of Egypt ("NBE") of up to USD 20 million for on-lending to local private high growth Small and Medium Enterprises ("SMEs"), which commit to strengthening their capacity to train and retain skilled labour, in particular youth. The project will address labour force skills mismatch, which constrains businesses in their growth, and create better and more sustainable jobs, including for young people. This will be achieved by incentivising enterprises to increase their capacity to effectively recruit, train and retain skilled labour. It is expected to ultimately improve young people's employability and ensure a supply of skilled workers for businesses, essential to support expansion plans. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51385XI-IATI-EBRD-51806European Bank for Reconstruction and DevelopmentProvision of a sovereign loan of up to EUR 11 million to the Railways Infrastructure Company of Montenegro (the "Borrower", the "Company" or the "Client") guaranteed by the state of Montenegro. The loan proceeds will be used to finance the purchase of machinery for the maintenance of civil engineering and electrical railway infrastructure to ensure appropriate railway safety standards (the "Project"). The Project will support the development of the Montenegrin railway infrastructure sector through financing of key maintenance equipment required for proper functioning of the railway infrastructure. The Company's maintenance services are not yet sustainable, as its aging maintenance equipment and vehicles acquired in the mid-1970s are fully amortized and obsolete. The Project will contribute to improvement of the Montenegro's railways safety and Company's efficiency.European Bank for Reconstruction and DevelopmentRAILWAY INFRASTRUCTURE COMPANY OF THE REPUBLIC OF MONTENEGROEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPODGORICA42.44111 19.263611089000011000000RAILWAY INFRASTRUCTURE COMPANY OF THE REPUBLIC OF MONTENEGRO110000RAILWAY INFRASTRUCTURE COMPANY OF THE REPUBLIC OF MONTENEGROSTATESTATESTATESTATEProvision of a sovereign loan of up to EUR 11 million to the Railways Infrastructure Company of Montenegro (the "Borrower", the "Company" or the "Client") guaranteed by the state of Montenegro. The loan proceeds will be used to finance the purchase of machinery for the maintenance of civil engineering and electrical railway infrastructure to ensure appropriate railway safety standards (the "Project"). The Project will support the development of the Montenegrin railway infrastructure sector through financing of key maintenance equipment required for proper functioning of the railway infrastructure. The Company's maintenance services are not yet sustainable, as its aging maintenance equipment and vehicles acquired in the mid-1970s are fully amortized and obsolete. The Project will contribute to improvement of the Montenegro's railways safety and Company's efficiency. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51806XI-IATI-EBRD-50603European Bank for Reconstruction and DevelopmentThe transaction consists of two loans of up to EUR 210 million in total. One sovereign loan to Bosnia and Herzegovina ("BiH") of EUR 60 million which will be on-lent via the Federation of Bosnia and Herzegovina ("FBH") to the Motorways of the Federation of Bosnia and Herzegovina ("FBHM") and a second loan of up to EUR 150 million to the Motorways of Republika Srpska ("RSM") backed-up by a sovereign guarantee. The Project will finance the construction of approximately 14 km long section of Corridor Vc to full motorway standard with dual carriageway. The section starts with a bridge over River Bosnia just south of the Rudanka interchange in Republika Srpska ("RS") in the north and continues southbound, bypassing the town of Doboj, towards the FBiH via Usora to Medakovo. The section in RS is 6 km long and includes two tunnels and a viaduct. At the end of the second tunnel (Putnikovo brdo 2) the alignment crosses into the FBH, continues for another 8 km and it includes a short bridge over river Usora and two interchanges, Karuse/Usora and Medakovo. The Project is a follow on operation to the Bank's previous projects for the construction of key motorway sections on Corridor Vc in BiH which connects the Port of Ploce in Croatia with Budapest and is part of the Trans-European Transport Network (TEN-T) and South-East European Transport Observatory (SEETO).European Bank for Reconstruction and DevelopmentBOSNIA AND HERZEGOVINA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.3564471157949.13210000000BOSNIA AND HERZEGOVINA SOVEREIGN2100000BOSNIA AND HERZEGOVINA SOVEREIGN9821940.91BOSNIA AND HERZEGOVINA SOVEREIGN1662315.24BOSNIA AND HERZEGOVINA SOVEREIGN870435BOSNIA AND HERZEGOVINA SOVEREIGN178671BOSNIA AND HERZEGOVINA SOVEREIGN1009176.36BOSNIA AND HERZEGOVINA SOVEREIGN1564833.48BOSNIA AND HERZEGOVINA SOVEREIGN962559.71BOSNIA AND HERZEGOVINA SOVEREIGN1361874.79BOSNIA AND HERZEGOVINA SOVEREIGN1264097.1BOSNIA AND HERZEGOVINA SOVEREIGN2963795.51BOSNIA AND HERZEGOVINA SOVEREIGN5782533.84BOSNIA AND HERZEGOVINA SOVEREIGN1987629.9BOSNIA AND HERZEGOVINA SOVEREIGN3030008.33BOSNIA AND HERZEGOVINA SOVEREIGN14278850.93BOSNIA AND HERZEGOVINA SOVEREIGN1504738.1BOSNIA AND HERZEGOVINA SOVEREIGN3789817.12BOSNIA AND HERZEGOVINA SOVEREIGN3147973.97BOSNIA AND HERZEGOVINA SOVEREIGN2001286.38BOSNIA AND HERZEGOVINA SOVEREIGN1201482.82BOSNIA AND HERZEGOVINA SOVEREIGN5386371.84BOSNIA AND HERZEGOVINA SOVEREIGN2122185.29BOSNIA AND HERZEGOVINA SOVEREIGN1540512.3BOSNIA AND HERZEGOVINA SOVEREIGN1051302.16BOSNIA AND HERZEGOVINA SOVEREIGN2479786.61BOSNIA AND HERZEGOVINA SOVEREIGN2560841.49BOSNIA AND HERZEGOVINA SOVEREIGN4929653.17BOSNIA AND HERZEGOVINA SOVEREIGN1484405.08BOSNIA AND HERZEGOVINA SOVEREIGN2852373.76BOSNIA AND HERZEGOVINA SOVEREIGN5029046BOSNIA AND HERZEGOVINA SOVEREIGN3366680.46BOSNIA AND HERZEGOVINA SOVEREIGN413311.65BOSNIA AND HERZEGOVINA SOVEREIGN762921.48BOSNIA AND HERZEGOVINA SOVEREIGN3298966.73BOSNIA AND HERZEGOVINA SOVEREIGN7665084.19BOSNIA AND HERZEGOVINA SOVEREIGN1021444.88BOSNIA AND HERZEGOVINA SOVEREIGN3776482.33BOSNIA AND HERZEGOVINA SOVEREIGN1068313.04BOSNIA AND HERZEGOVINA SOVEREIGN3359627.62BOSNIA AND HERZEGOVINA SOVEREIGN25000BOSNIA AND HERZEGOVINA SOVEREIGN1031537.82BOSNIA AND HERZEGOVINA SOVEREIGN2088977.3BOSNIA AND HERZEGOVINA SOVEREIGN2401670.58BOSNIA AND HERZEGOVINA SOVEREIGN88302.65BOSNIA AND HERZEGOVINA SOVEREIGN1047958.43BOSNIA AND HERZEGOVINA SOVEREIGN901275.99BOSNIA AND HERZEGOVINA SOVEREIGN701708.77BOSNIA AND HERZEGOVINA SOVEREIGN387670.67BOSNIA AND HERZEGOVINA SOVEREIGN455567.61BOSNIA AND HERZEGOVINA SOVEREIGN509402.21BOSNIA AND HERZEGOVINA SOVEREIGN500745.95BOSNIA AND HERZEGOVINA SOVEREIGN462082.1BOSNIA AND HERZEGOVINA SOVEREIGN432188.72BOSNIA AND HERZEGOVINA SOVEREIGN613914.51BOSNIA AND HERZEGOVINA SOVEREIGN660590.92BOSNIA AND HERZEGOVINA SOVEREIGN644868.88BOSNIA AND HERZEGOVINA SOVEREIGN665348.72BOSNIA AND HERZEGOVINA SOVEREIGN3748776.36BOSNIA AND HERZEGOVINA SOVEREIGN590352.41BOSNIA AND HERZEGOVINA SOVEREIGN401228.82BOSNIA AND HERZEGOVINA SOVEREIGN3399009.9BOSNIA AND HERZEGOVINA SOVEREIGN949670.62BOSNIA AND HERZEGOVINA SOVEREIGN701301.12BOSNIA AND HERZEGOVINA SOVEREIGN779569.24BOSNIA AND HERZEGOVINA SOVEREIGNSTATESTATESTATESTATEThe transaction consists of two loans of up to EUR 210 million in total. One sovereign loan to Bosnia and Herzegovina ("BiH") of EUR 60 million which will be on-lent via the Federation of Bosnia and Herzegovina ("FBH") to the Motorways of the Federation of Bosnia and Herzegovina ("FBHM") and a second loan of up to EUR 150 million to the Motorways of Republika Srpska ("RSM") backed-up by a sovereign guarantee. The Project will finance the construction of approximately 14 km long section of Corridor Vc to full motorway standard with dual carriageway. The section starts with a bridge over River Bosnia just south of the Rudanka interchange in Republika Srpska ("RS") in the north and continues southbound, bypassing the town of Doboj, towards the FBiH via Usora to Medakovo. The section in RS is 6 km long and includes two tunnels and a viaduct. At the end of the second tunnel (Putnikovo brdo 2) the alignment crosses into the FBH, continues for another 8 km and it includes a short bridge over river Usora and two interchanges, Karuse/Usora and Medakovo. The Project is a follow on operation to the Bank's previous projects for the construction of key motorway sections on Corridor Vc in BiH which connects the Port of Ploce in Croatia with Budapest and is part of the Trans-European Transport Network (TEN-T) and South-East European Transport Observatory (SEETO). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50603XI-IATI-EBRD-54662European Bank for Reconstruction and DevelopmentProvision of a senior loan of up to MAD 2,200m (ca. EUR 200m equivalent) to OCP S.A. for the construction of seawater desalination facilities to cover the industrial needs of the Company. The Project will lead to a significant reduction in the use of fresh water through the construction of seawater desalination facilities for industrial use.European Bank for Reconstruction and DevelopmentOCP SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCASABLANCA33.58831 -7.61138205218960.7OCP SA118094183.75OCP SA87124776.95OCP SASTATESTATESTATESTATEProvision of a senior loan of up to MAD 2,200m (ca. EUR 200m equivalent) to OCP S.A. for the construction of seawater desalination facilities to cover the industrial needs of the Company. The Project will lead to a significant reduction in the use of fresh water through the construction of seawater desalination facilities for industrial use. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54662XI-IATI-EBRD-55069European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to €10 million in two equal tranches, under the Go Digital in the Western Balkans programme ("Go Digital in WB"). The transaction will support the aim of the Programme to: (i) advance innovation and competitiveness of the private sector via targeted investments and increased awareness-raising among SMEs for a higher utilisation of digitalisation and automation technologies; (ii) support transition to green economy ("GET technologies"); (iii) increase the capacity and trade potential of SMEs via increased access to finance to allow them to invest additional resources to introduce EU standards; and (iv) promote more equitable access to finance for automation and digitalisation investments for women-led SMEs, and improve the competitiveness and sustainability of end-benecifiaries business operations.European Bank for Reconstruction and DevelopmentNLB KOMERCIJALNA BANKA AD BEOGRADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.465135000000NLB KOMERCIJALNA BANKA AD BEOGRADPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to €10 million in two equal tranches, under the Go Digital in the Western Balkans programme ("Go Digital in WB"). The transaction will support the aim of the Programme to: (i) advance innovation and competitiveness of the private sector via targeted investments and increased awareness-raising among SMEs for a higher utilisation of digitalisation and automation technologies; (ii) support transition to green economy ("GET technologies"); (iii) increase the capacity and trade potential of SMEs via increased access to finance to allow them to invest additional resources to introduce EU standards; and (iv) promote more equitable access to finance for automation and digitalisation investments for women-led SMEs, and improve the competitiveness and sustainability of end-benecifiaries business operations. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55069XI-IATI-EBRD-53076European Bank for Reconstruction and DevelopmentSofia Med Sustainable Expansion - Up to EUR 20 million senior secured loan to Sofia Med AD The proceeds of the loan will be used to finance the Company's 2020-2022 Capex programme aiming to expand production capacity in respect of copper and copper alloy strips, mainly to respond to increasing demand for copper in 'green' applications.European Bank for Reconstruction and DevelopmentSOFIA MED ADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSOFIA42.69751 23.3241520000000SOFIA MED ADPRIVATEPRIVATEPRIVATEUp to EUR 20 million senior secured loan to Sofia Med AD The proceeds of the loan will be used to finance the Company's 2020-2022 Capex programme aiming to expand production capacity in respect of copper and copper alloy strips, mainly to respond to increasing demand for copper in 'green' applications. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53076XI-IATI-EBRD-56448European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 2.0 million to Crimson Finance Fund Albania (CFFA) for providing sub-loans to micro, small and medium-sized enterprises (MSMEs) in Albania through the Sustainable Reboot SME Programme. The proceeds of the Bank's financing will be used to provide sub-loans to MSMEs in Albania that will assist in improving their competitiveness, including in the EU single market, and compliance with technical standards in line with the EU Directives and other internationally recognised standards. At least 70 per cent of the investments will be used for Green Economy Transition (GET) eligible technologies. Sub-projects will be selected according to technical and financial eligibility criteria set forth in the Policy Statement for the Sustainable Reboot SME Programme.European Bank for Reconstruction and DevelopmentCRIMSON FINANCE FUND ALBANIA SHAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTIRANA41.3275 19.81889750000CRIMSON FINANCE FUND ALBANIA SHAPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 2.0 million to Crimson Finance Fund Albania (CFFA) for providing sub-loans to micro, small and medium-sized enterprises (MSMEs) in Albania through the Sustainable Reboot SME Programme. The proceeds of the Bank's financing will be used to provide sub-loans to MSMEs in Albania that will assist in improving their competitiveness, including in the EU single market, and compliance with technical standards in line with the EU Directives and other internationally recognised standards. At least 70 per cent of the investments will be used for Green Economy Transition (GET) eligible technologies. Sub-projects will be selected according to technical and financial eligibility criteria set forth in the Policy Statement for the Sustainable Reboot SME Programme. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56448XI-IATI-EBRD-48762European Bank for Reconstruction and DevelopmentProvision of a senior secured loan of up to EUR 50 million to Electrawinds K-Wind d.o.o. to finance the construction, commissioning and operation of the 104.5MW Kovacica wind farm consisting of 38 wind turbines each with capacity of 2.75 MW and including a 220/33-35 KV substation (the "Project") located 50km northeast of Belgrade, Serbia. Kovacica Wind Farm will be among the first privately owned wind farms in Serbia and will help diversify Serbian power sector which is dominated by conventional thermal and hydro-power generation.European Bank for Reconstruction and DevelopmentELECTRAWINDS K-WIND DOO BEOGRADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651348792052ELECTRAWINDS K-WIND DOO BEOGRADPRIVATEPRIVATEPRIVATEProvision of a senior secured loan of up to EUR 50 million to Electrawinds K-Wind d.o.o. to finance the construction, commissioning and operation of the 104.5MW Kovacica wind farm consisting of 38 wind turbines each with capacity of 2.75 MW and including a 220/33-35 KV substation (the "Project") located 50km northeast of Belgrade, Serbia. Kovacica Wind Farm will be among the first privately owned wind farms in Serbia and will help diversify Serbian power sector which is dominated by conventional thermal and hydro-power generation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48762XI-IATI-EBRD-55971European Bank for Reconstruction and DevelopmentPortfolio Risk Sharing ("PRS") in the form of an unfunded portfolio guarantee of up to €25 million provided by the Bank in favour of Raiffeisen Bank dd BiH ("RBBH"). The guarantee will cover up to 50 per cent of the credit risk on a pro rata basis on the newly-generated micro, small and medium-sized entreprise ("MSME") loan portfolio of up to €50 million originated by RBBH. The product aims to release RBBH's risk-taking capacity to boost on-lending to MSMEs, addressing an MSME financing gap in the market.European Bank for Reconstruction and DevelopmentRAIFFEISEN BANK DD BOSNIA AND HERZEGOVINAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.356442500000025000000RAIFFEISEN BANK DD BOSNIA AND HERZEGOVINAPRIVATEPRIVATEPRIVATEPortfolio Risk Sharing ("PRS") in the form of an unfunded portfolio guarantee of up to €25 million provided by the Bank in favour of Raiffeisen Bank dd BiH ("RBBH"). The guarantee will cover up to 50 per cent of the credit risk on a pro rata basis on the newly-generated micro, small and medium-sized entreprise ("MSME") loan portfolio of up to €50 million originated by RBBH. The product aims to release RBBH's risk-taking capacity to boost on-lending to MSMEs, addressing an MSME financing gap in the market. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55971XI-IATI-EBRD-53254European Bank for Reconstruction and DevelopmentLong-term senior unsecured loan of up to EUR 20 million to ProCredit Bank Kosovo ("PCBK") for on-lending to small and medium-sized enterprises ("SMEs") in Kosovo. The loan is envisaged under the Sustainable Reboot SME Programme ("Reboot SME"). The loan is intended to provide financing for on-lending to local SMEs for investments in high performance technologies and services in order to introduce and implement EU and other international quality standards. At least 70 per cent of the use of the proceeds is expected to be related to Green Economy Transition ("GET") investments.European Bank for Reconstruction and DevelopmentPROCREDIT BANK SH A KOSOVOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRISTINA42.67272 21.1668820000000PROCREDIT BANK SH A KOSOVOPRIVATEPRIVATEPRIVATELong-term senior unsecured loan of up to EUR 20 million to ProCredit Bank Kosovo ("PCBK") for on-lending to small and medium-sized enterprises ("SMEs") in Kosovo. The loan is envisaged under the Sustainable Reboot SME Programme ("Reboot SME"). The loan is intended to provide financing for on-lending to local SMEs for investments in high performance technologies and services in order to introduce and implement EU and other international quality standards. At least 70 per cent of the use of the proceeds is expected to be related to Green Economy Transition ("GET") investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53254XI-IATI-EBRD-55271European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to €4.0 million to be provided in two equal tranches (EUR 2.0 million each) under the Western Balkans Women in Business Programme Phase II ("WB WiBP II"). The proceeds will be used to finance eligible women-led MSMEs in accordance with the WB WiBP II Policy Statement.European Bank for Reconstruction and DevelopmentMIKROKREDITNA FINANSIJSKA INSTITUCIJA ALTER MODUS DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPODGORICA42.44111 19.263614000000MIKROKREDITNA FINANSIJSKA INSTITUCIJA ALTER MODUS DOOPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to €4.0 million to be provided in two equal tranches (EUR 2.0 million each) under the Western Balkans Women in Business Programme Phase II ("WB WiBP II"). The proceeds will be used to finance eligible women-led MSMEs in accordance with the WB WiBP II Policy Statement. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55271XI-IATI-EBRD-55198European Bank for Reconstruction and DevelopmentProvision of a sovereign loan of up to EUR 150 million to the Kingdom of Morocco to finance the construction of the continuity of main pipeline as well as the water distribution network aimed at irrigating 20,000 hectares in the Saiss plain (the "Saiss III" or the "Project"). The Project is the third and final phase of a staged programme to preserve the Saiss aquifer and promote sustainable water management within the Saiss plain which envisages an annual transfer of 90-120 million m3 surface water from the MDez dam to the plain for irrigation purposes. As part of this programme, the Bank previously extended in 2017 a sovereign loan of EUR 120 million to finance a 45 km of the main transfer pipeline (The ''Saiss I''), OPID 48414. In 2020, the Bank extended a second sovereign loan of EUR 150 million, to finance the main distribution pipeline and network for irrigation of 10,000ha (The''Saiss II''), OPID 51223. The key objective of the Project is to enable the partial switch from unsustainable groundwater abstraction from the Saiss aquifer to the use of more sustainable and climate resilient surface water resources from the M'Dez dam, which will mitigate the adverse impacts of the current and future water scarcity, help restore the Saiss aquifer and contribute to the to the climate resilience of the Saiss plain. The Project will be supported by a complementary Technical Cooperation ("TC") package to ensure its effective implementation and to promote gender and economic inclusion.European Bank for Reconstruction and DevelopmentMOROCCO SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGRABAT34.01325 -6.83255133500000150000000MOROCCO SOVEREIGN1500000MOROCCO SOVEREIGN15000000MOROCCO SOVEREIGNSTATESTATESTATESTATEProvision of a sovereign loan of up to EUR 150 million to the Kingdom of Morocco to finance the construction of the continuity of main pipeline as well as the water distribution network aimed at irrigating 20,000 hectares in the Saiss plain (the "Saiss III" or the "Project"). The Project is the third and final phase of a staged programme to preserve the Saiss aquifer and promote sustainable water management within the Saiss plain which envisages an annual transfer of 90-120 million m3 surface water from the MDez dam to the plain for irrigation purposes. As part of this programme, the Bank previously extended in 2017 a sovereign loan of EUR 120 million to finance a 45 km of the main transfer pipeline (The ''Saiss I''), OPID 48414. In 2020, the Bank extended a second sovereign loan of EUR 150 million, to finance the main distribution pipeline and network for irrigation of 10,000ha (The''Saiss II''), OPID 51223. The key objective of the Project is to enable the partial switch from unsustainable groundwater abstraction from the Saiss aquifer to the use of more sustainable and climate resilient surface water resources from the M'Dez dam, which will mitigate the adverse impacts of the current and future water scarcity, help restore the Saiss aquifer and contribute to the to the climate resilience of the Saiss plain. The Project will be supported by a complementary Technical Cooperation ("TC") package to ensure its effective implementation and to promote gender and economic inclusion. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55198XI-IATI-EBRD-55487European Bank for Reconstruction and DevelopmentThe provision of a sovereign loan of up to € 4.84 million to the Kyrgyz Republic (KR) to finance upgrade of an operating 35 kV "Rechnaya" substation (located in the Osh region) to 110 kV voltage class . The Project is expected to contribute to the overall grid reliability by reducing loads on nearby transmission infrastructure and to reduction of electricity losses.European Bank for Reconstruction and DevelopmentKYRGYZ REPUBLIC SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBISHKEK42.87 74.5947900004840000KYRGYZ REPUBLIC SOVEREIGN50000KYRGYZ REPUBLIC SOVEREIGNSTATESTATESTATESTATEThe provision of a sovereign loan of up to € 4.84 million to the Kyrgyz Republic (KR) to finance upgrade of an operating 35 kV "Rechnaya" substation (located in the Osh region) to 110 kV voltage class . The Project is expected to contribute to the overall grid reliability by reducing loads on nearby transmission infrastructure and to reduction of electricity losses. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55487XI-IATI-EBRD-55877European Bank for Reconstruction and DevelopmentThe provision of a senior secured loan of up to US$ 250 million for the development, construction, commissioning, financing, operation and maintenance of an onshore wind power plant with a total capacity of 1,000 MW, using a 300 MW / 600MWh battery energy storage system near the village of Mirny, in the Zhambyl region of Kazakhstan. The project will support Kazakhstan in its objective to increase the share of renewable energy in the energy mix, contribute to reducing Kazakhstan's carbon intensity, and address the country's increasing electricity demand.European Bank for Reconstruction and DevelopmentAKTAS ENERGY LLPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGASTANA51.1801 71.44598218856692.63218856692.63AKTAS ENERGY LLPPRIVATEPRIVATEPRIVATEThe provision of a senior secured loan of up to US$ 250 million for the development, construction, commissioning, financing, operation and maintenance of an onshore wind power plant with a total capacity of 1,000 MW, using a 300 MW / 600MWh battery energy storage system near the village of Mirny, in the Zhambyl region of Kazakhstan. The project will support Kazakhstan in its objective to increase the share of renewable energy in the energy mix, contribute to reducing Kazakhstan's carbon intensity, and address the country's increasing electricity demand. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55877XI-IATI-EBRD-54904European Bank for Reconstruction and DevelopmentProvision of a long-term senior unsecured loan of up to EUR 7 million to be provided in two equal tranches for on-lending to small and medium-sized enterprises ("SMEs") in North Macedonia for investments in renewable energy ("RE") and energy efficiency ("EE"). The loan comes under the Green Finance Facility - North Macedonia (the "GFF", the "Facility"), established in partnership with UNDP, with contributions from the Joint SDG Fund and the government of North Macedonia. The loan aims to support green economy investments in eligible RE and EE measures under the Bank's Green Economy Transition ("GET") approach. The project will build on the momentum created to date and it will focus on the competitiveness and climate resilience of SMEs in North Macedonia.European Bank for Reconstruction and DevelopmentPROCREDIT BANK ADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.431413500000PROCREDIT BANK ADPRIVATEPRIVATEPRIVATEProvision of a long-term senior unsecured loan of up to EUR 7 million to be provided in two equal tranches for on-lending to small and medium-sized enterprises ("SMEs") in North Macedonia for investments in renewable energy ("RE") and energy efficiency ("EE"). The loan comes under the Green Finance Facility - North Macedonia (the "GFF", the "Facility"), established in partnership with UNDP, with contributions from the Joint SDG Fund and the government of North Macedonia. The loan aims to support green economy investments in eligible RE and EE measures under the Bank's Green Economy Transition ("GET") approach. The project will build on the momentum created to date and it will focus on the competitiveness and climate resilience of SMEs in North Macedonia. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54904XI-IATI-EBRD-49250European Bank for Reconstruction and DevelopmentProvision of a sovereign loan of up to EUR 55 million to the government of Tunisia to finance the modernisation of the public hydraulic infrastructure serving oases of four water-scarce southern governorates of Gabes, Gafsa, Kebili and Tozeur. The proposed EBRD loan will finance the (i) rehabilitation and/or replacement of up to 23 deep boreholes; (ii) decommissioning of up to 20 deep boreholes; (iii) rehabilitation and construction of associated hydraulic infrastructure (including, borehole heads, water cooling systems, pumps and meters); and (iv) improvements of the irrigation and drainage networks (the "Project"). The Project aims to restore and enhance the resilience of 37 oases ecosystems and to improve access to water resources across the four southern governorates. The Project will improve access to irrigation water to over 30,000 farmers and their immediate families living in the catchment area of the Project and will result in substantial economic and social benefits. In the absence of viable immediate alternatives, the Project will tap into non-renewable groundwater as a transition solution essential for maintaining socioeconomic stability, securing livelihoods, catalyzing women and youth economic inclusion opportunities and minimising emigration rates in the region over the next 30 years.European Bank for Reconstruction and DevelopmentTUNISIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTUNIS36.81897 10.165794851000049000000TUNISIA SOVEREIGN490000TUNISIA SOVEREIGNSTATESTATESTATESTATEProvision of a sovereign loan of up to EUR 55 million to the government of Tunisia to finance the modernisation of the public hydraulic infrastructure serving oases of four water-scarce southern governorates of Gabes, Gafsa, Kebili and Tozeur. The proposed EBRD loan will finance the (i) rehabilitation and/or replacement of up to 23 deep boreholes; (ii) decommissioning of up to 20 deep boreholes; (iii) rehabilitation and construction of associated hydraulic infrastructure (including, borehole heads, water cooling systems, pumps and meters); and (iv) improvements of the irrigation and drainage networks (the "Project"). The Project aims to restore and enhance the resilience of 37 oases ecosystems and to improve access to water resources across the four southern governorates. The Project will improve access to irrigation water to over 30,000 farmers and their immediate families living in the catchment area of the Project and will result in substantial economic and social benefits. In the absence of viable immediate alternatives, the Project will tap into non-renewable groundwater as a transition solution essential for maintaining socioeconomic stability, securing livelihoods, catalyzing women and youth economic inclusion opportunities and minimising emigration rates in the region over the next 30 years. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49250XI-IATI-EBRD-50969European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to EUR 2m, in two equal tranches, under GEFF Western Balkans. The 2nd tranche is uncomitted. The project contributes to the objectives of GEFF WB, supporting the Green and Competitive tranisition qualities.European Bank for Reconstruction and DevelopmentCRNOGORSKA KOMERCIJALNA BANKA AD PODGORICAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPODGORICA42.44111 19.263611000000CRNOGORSKA KOMERCIJALNA BANKA AD PODGORICAPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to EUR 2m, in two equal tranches, under GEFF Western Balkans. The 2nd tranche is uncomitted. The project contributes to the objectives of GEFF WB, supporting the Green and Competitive tranisition qualities. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50969XI-IATI-EBRD-55372European Bank for Reconstruction and DevelopmentA sovereign loan of up to €15.23 million for the benefit of Water Resources Services (WRS), a government agency under the Ministry of Water Resources, Agriculture and Processing Industry of the Kyrgyz Republic. The loan is expected to be co-financed by a capital grant from the European Union (EU)'s Asia Pacific Investment Facility (APIF) in the amount of up to €3.6 million and from the EBRD Shareholder Special Fund (SSF) in the amount of up to €5.0 million. The proposed project (the "Project") is a sub-operation under the Integrated Water Resources Management Framework. The proceeds of the Bank's investment will be used for rehabilitating main irrigation canals and introducing automated control system in the northern part of Kyrgyzstan. The Project complies with the Municipal and Environmental Infrastructure Sector Strategy (BDS19-069(F)), which articulates the importance of efficient use of finite water resources, and the Strategy for the Kyrgyz Republic (BDS/KY/24-01F), which aims to support improved water security and sustainability of water supply through improvements in water sector management and irrigation. It is fully in line with the Bank's GET approach 2021-2025 (BDS20-082(F)) and the Bank's Strategy for the Promotion of Gender Equality 2021-2023 (BDS21-133(F))) and SDG 5 on Gender Equality. The Project supports the United Nations Sustainable Development Goals (SDGs), particularly SDG 6 by reducing freshwater withdrawal from natural resources in response to climate change impacts. It also contributes to SDG 5 by addressing barriers that limit women's access to economic opportunities from new irrigation infrastructure, and SDG 2 by enhancing food security and promoting sustainable agriculture. Null ValueEuropean Bank for Reconstruction and DevelopmentKYRGYZ REPUBLIC SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBISHKEK42.87 74.591507770015230000KYRGYZ REPUBLIC SOVEREIGN152300KYRGYZ REPUBLIC SOVEREIGNSTATESTATESTATESTATEA sovereign loan of up to €15.23 million for the benefit of Water Resources Services (WRS), a government agency under the Ministry of Water Resources, Agriculture and Processing Industry of the Kyrgyz Republic. The loan is expected to be co-financed by a capital grant from the European Union (EU)'s Asia Pacific Investment Facility (APIF) in the amount of up to €3.6 million and from the EBRD Shareholder Special Fund (SSF) in the amount of up to €5.0 million. The proposed project (the "Project") is a sub-operation under the Integrated Water Resources Management Framework. The proceeds of the Bank's investment will be used for rehabilitating main irrigation canals and introducing automated control system in the northern part of Kyrgyzstan. The Project complies with the Municipal and Environmental Infrastructure Sector Strategy (BDS19-069(F)), which articulates the importance of efficient use of finite water resources, and the Strategy for the Kyrgyz Republic (BDS/KY/24-01F), which aims to support improved water security and sustainability of water supply through improvements in water sector management and irrigation. It is fully in line with the Bank's GET approach 2021-2025 (BDS20-082(F)) and the Bank's Strategy for the Promotion of Gender Equality 2021-2023 (BDS21-133(F))) and SDG 5 on Gender Equality. The Project supports the United Nations Sustainable Development Goals (SDGs), particularly SDG 6 by reducing freshwater withdrawal from natural resources in response to climate change impacts. It also contributes to SDG 5 by addressing barriers that limit women's access to economic opportunities from new irrigation infrastructure, and SDG 2 by enhancing food security and promoting sustainable agriculture. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55372XI-IATI-EBRD-55402European Bank for Reconstruction and DevelopmentThe transaction entails the provision of a sovereign loan to the Republic of Tajikistan of up to EUR 2.4 million (the "Loan") that will be co-financed by an investment grant of up to EUR 2.4 million (the "Grant") from the EBRD Shareholder Special Fund (SSF). The Loan and Grant proceeds will be used to finance priority investment programme (PIP) components to upgrade city of Yavan's (the "City") water supply infrastructure (the "Project"). The water supply and wastewater services in the City are provided by Yavan Water Company (the "Company"), fully owned by the state unitary enterprise Khojagii Manziliyu Kommunali (KMK), a national level utility services operator. The Project is submitted as a sub-project under the Integrated Water Resources Management Framework (the "Framework"). This Project builds up on the success of EBRD's previous projects in the water sector of Tajikistan and aims to (i) address the critical water infrastructure rehabilitation needs, (ii) contribute towards improving the quality and reliability of potable water supply and treatment services, and (iii) improve financial and operational standing of the Company achieved through a general reform programme to support cashless payments.European Bank for Reconstruction and DevelopmentTAJIKISTAN SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGDUSHANBE38.53575 68.7790524000002400000TAJIKISTAN SOVEREIGNSTATESTATESTATESTATEThe transaction entails the provision of a sovereign loan to the Republic of Tajikistan of up to EUR 2.4 million (the "Loan") that will be co-financed by an investment grant of up to EUR 2.4 million (the "Grant") from the EBRD Shareholder Special Fund (SSF). The Loan and Grant proceeds will be used to finance priority investment programme (PIP) components to upgrade city of Yavan's (the "City") water supply infrastructure (the "Project"). The water supply and wastewater services in the City are provided by Yavan Water Company (the "Company"), fully owned by the state unitary enterprise Khojagii Manziliyu Kommunali (KMK), a national level utility services operator. The Project is submitted as a sub-project under the Integrated Water Resources Management Framework (the "Framework"). This Project builds up on the success of EBRD's previous projects in the water sector of Tajikistan and aims to (i) address the critical water infrastructure rehabilitation needs, (ii) contribute towards improving the quality and reliability of potable water supply and treatment services, and (iii) improve financial and operational standing of the Company achieved through a general reform programme to support cashless payments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55402XI-IATI-EBRD-51164European Bank for Reconstruction and DevelopmentThe provision of a US$ 1.5 million loan to Safa, Turkmenistan's leading producer of polyethylene and polypropylene packaging. The Company will purchase new equipment to expand its existing production capacity and to increase its market share through further import substitution Purchase of specialised equipment for manufacturing of plastic bags. The project will enable Safa to increase its product range and strengthen its market position.European Bank for Reconstruction and DevelopmentSAFA IEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGASHGABAT37.95 58.383331313140.16SAFA IEPRIVATEPRIVATEPRIVATEThe provision of a US$ 1.5 million loan to Safa, Turkmenistan's leading producer of polyethylene and polypropylene packaging. The Company will purchase new equipment to expand its existing production capacity and to increase its market share through further import substitution Purchase of specialised equipment for manufacturing of plastic bags. The project will enable Safa to increase its product range and strengthen its market position. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51164XI-IATI-EBRD-52334European Bank for Reconstruction and DevelopmentProvision of a sovereign guaranteed loan of up to EUR 50 million in favour of the Office National de l'Electricite et de l'Eau Potable ("ONEE" or "the Company") to address the urgent need for liquidity support of the Company, a Moroccan State-Owned Enterprise (SOE) providing vital infrastructure services, following the unprecedented economic impacts of the COVID-19 crisis. ONEE is an existing client of the Bank, and the proposed transaction is in line with the Vital Infrastructure Support Programme (VISP) under the Bank's COVID-19 Solidarity Package. The goal of the Project is to help this SOE meet short-term obligations in order to enable essential operations and services to continue uninterrupted despite the financial stress of the COVID-19 crisis.European Bank for Reconstruction and DevelopmentOFFICE NATIONAL DE L ELECTRICITE ET DE L EAU POTABLEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGRABAT34.01325 -6.8325550000000OFFICE NATIONAL DE L ELECTRICITE ET DE L EAU POTABLE500000OFFICE NATIONAL DE L ELECTRICITE ET DE L EAU POTABLE49500000OFFICE NATIONAL DE L ELECTRICITE ET DE L EAU POTABLESTATESTATESTATESTATEProvision of a sovereign guaranteed loan of up to EUR 50 million in favour of the Office National de l'Electricite et de l'Eau Potable ("ONEE" or "the Company") to address the urgent need for liquidity support of the Company, a Moroccan State-Owned Enterprise (SOE) providing vital infrastructure services, following the unprecedented economic impacts of the COVID-19 crisis. ONEE is an existing client of the Bank, and the proposed transaction is in line with the Vital Infrastructure Support Programme (VISP) under the Bank's COVID-19 Solidarity Package. The goal of the Project is to help this SOE meet short-term obligations in order to enable essential operations and services to continue uninterrupted despite the financial stress of the COVID-19 crisis. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52334XI-IATI-EBRD-54687European Bank for Reconstruction and DevelopmentVega IT doo Novi Sad requires EUR 3.1m (senior debt) for expansion, primarily through opening of business development offices, hiring of sales staff, and for the related hiring of additional engineers to meet the expected revenue growth. The Company believes that opening of the sales offices will add value to the whole business model and support growth. Additionally, bringing very experienced sales/business development staff on board, with proven track record, is also a 'push' for the whole sales stream in the Company to develop stronger sales capacity, gain knowledge and a global perspective. The Company's goal of 'going global' is the main milestone for expanding further and to maintain sustainability of business.European Bank for Reconstruction and DevelopmentVEGA IT DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.46513689130VEGA IT DOOPRIVATEPRIVATEPRIVATEVega IT doo Novi Sad requires EUR 3.1m (senior debt) for expansion, primarily through opening of business development offices, hiring of sales staff, and for the related hiring of additional engineers to meet the expected revenue growth. The Company believes that opening of the sales offices will add value to the whole business model and support growth. Additionally, bringing very experienced sales/business development staff on board, with proven track record, is also a 'push' for the whole sales stream in the Company to develop stronger sales capacity, gain knowledge and a global perspective. The Company's goal of 'going global' is the main milestone for expanding further and to maintain sustainability of business. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54687XI-IATI-EBRD-56783European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 15 million under the Financial Intermediaries Framework (FIF) to NLB Pristina (NLBP) for on-lending to local small and medium-sized enterprises (SMEs) in Kosovo. The proceeds of the loan will be used for providing sub-loans to eligible SMEs in Kosovo in accordance with the FIF Policy Statement, thereby promoting entrepreneurship and fostering SME competitiveness by increasing availability of financing. In addition, NLBP will aim to allocate at least 50% of the proceeds of the loan for green subloans in accordance with the EBRD's Green Economy Transition (GET) eligibility criteria.European Bank for Reconstruction and DevelopmentNLB BANKA SHAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRISTINA42.67272 21.16688500000015000000NLB BANKA SHAPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 15 million under the Financial Intermediaries Framework (FIF) to NLB Pristina (NLBP) for on-lending to local small and medium-sized enterprises (SMEs) in Kosovo. The proceeds of the loan will be used for providing sub-loans to eligible SMEs in Kosovo in accordance with the FIF Policy Statement, thereby promoting entrepreneurship and fostering SME competitiveness by increasing availability of financing. In addition, NLBP will aim to allocate at least 50% of the proceeds of the loan for green subloans in accordance with the EBRD's Green Economy Transition (GET) eligibility criteria. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56783XI-IATI-EBRD-55002European Bank for Reconstruction and DevelopmentThe provision of a senior unsecured loan to Garanti Leasing Romania in the amount of up to EUR 10 million for on-lending to local micro, small and medium-sized enterprises ("MSMEs") in Romania under the Financial Intermediaries Framework ("FIF"). The proceeds of the loan will be used to provide lease finance to local MSMEs. At least 30% of the proceeds will be directed to finance Green Economy Transition ("GET") eligible investments.European Bank for Reconstruction and DevelopmentMOTORACTIVE IFN SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUCHAREST44.43225 26.1062610000000MOTORACTIVE IFN SAPRIVATEPRIVATEPRIVATEThe provision of a senior unsecured loan to Garanti Leasing Romania in the amount of up to EUR 10 million for on-lending to local micro, small and medium-sized enterprises ("MSMEs") in Romania under the Financial Intermediaries Framework ("FIF"). The proceeds of the loan will be used to provide lease finance to local MSMEs. At least 30% of the proceeds will be directed to finance Green Economy Transition ("GET") eligible investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55002XI-IATI-EBRD-53749European Bank for Reconstruction and DevelopmentProvision of up to USD 20 million senior unsecured working capital loan to Afia International Egypt (the "Company" or the"Borrower" or "Afia Egypt"), for three years with annual clean-up and annual renewal at the EBRD's sole discretion. The contemplated financing supports the Borrower's working capital needs for the importation of its main production input, edible oils, from the international markets. The Project strengthens the Company's resilience to the current and potential shocks from the external environment with growing food security threats in the SEMED region following the war on Ukraine.European Bank for Reconstruction and DevelopmentAFIA INTERNATIONAL COMPANY OF EGYPT SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496717508535.41AFIA INTERNATIONAL COMPANY OF EGYPT SAEPRIVATEPRIVATEPRIVATEProvision of up to USD 20 million senior unsecured working capital loan to Afia International Egypt (the "Company" or the"Borrower" or "Afia Egypt"), for three years with annual clean-up and annual renewal at the EBRD's sole discretion. The contemplated financing supports the Borrower's working capital needs for the importation of its main production input, edible oils, from the international markets. The Project strengthens the Company's resilience to the current and potential shocks from the external environment with growing food security threats in the SEMED region following the war on Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53749XI-IATI-EBRD-54623European Bank for Reconstruction and DevelopmentProvision of an unsecured SME line of up to EUR 23.5 million (MAD equivalent), with 35% of the proceeds allocated to regions impacted by the Al Haouz earthquake. The EBRD loan will support Finea's lending activities, fostering MSME development by improving access to financing, thus facilitating their participation in public and private tenders through Finea's bespoke range of financial products. Of the total loan, 35% will be on-lent to sub-borrowers or sub-projects located in regions affected by the 8 September 2023 earthquake, driving economic recovery in those areas.European Bank for Reconstruction and DevelopmentFINEA SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCASABLANCA33.58831 -7.6113822929487.6FINEA SAPRIVATEPRIVATEPRIVATEProvision of an unsecured SME line of up to EUR 23.5 million (MAD equivalent), with 35% of the proceeds allocated to regions impacted by the Al Haouz earthquake. The EBRD loan will support Finea's lending activities, fostering MSME development by improving access to financing, thus facilitating their participation in public and private tenders through Finea's bespoke range of financial products. Of the total loan, 35% will be on-lent to sub-borrowers or sub-projects located in regions affected by the 8 September 2023 earthquake, driving economic recovery in those areas. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54623XI-IATI-EBRD-49319European Bank for Reconstruction and DevelopmentLong-term senior debt financing of up to USD 11.0 million (EUR 10.1 million equivalent) to finance the construction of a 20 MW solar photovoltaic plant located in the proposed 1.8 GW Benban solar complex in the Aswan province of Egypt (the "Project"). The Project will be one of the first utility scale solar plants in Egypt and will support the country in increasing its renewable energy capacity. The Project is part of a larger portfolio of three projects for a total capacity of 120 MW plants developed in Benban by the same group of lead sponsors. The Project will be developed under the programme implemented by the Egyptian government offering feed-in tariffs to projects of up to 50 MW capacity to stimulate private investment in over 4 GW of wind and solar power. This scheme aims to support Egypt to move to a more environmentally sustainable and diverse electricity sector by exploiting the country's vast renewable energy potential. It is expected to improve the environmental characteristics of Egypt's power sector by reducing emissions of local pollutants and CO2, as well as water consumption.European Bank for Reconstruction and DevelopmentTK FOR SOLAR AND RENEWABLE SYSTEMS JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.249670.019771513.61TK FOR SOLAR AND RENEWABLE SYSTEMS JSCPRIVATEPRIVATEPRIVATELong-term senior debt financing of up to USD 11.0 million (EUR 10.1 million equivalent) to finance the construction of a 20 MW solar photovoltaic plant located in the proposed 1.8 GW Benban solar complex in the Aswan province of Egypt (the "Project"). The Project will be one of the first utility scale solar plants in Egypt and will support the country in increasing its renewable energy capacity. The Project is part of a larger portfolio of three projects for a total capacity of 120 MW plants developed in Benban by the same group of lead sponsors. The Project will be developed under the programme implemented by the Egyptian government offering feed-in tariffs to projects of up to 50 MW capacity to stimulate private investment in over 4 GW of wind and solar power. This scheme aims to support Egypt to move to a more environmentally sustainable and diverse electricity sector by exploiting the country's vast renewable energy potential. It is expected to improve the environmental characteristics of Egypt's power sector by reducing emissions of local pollutants and CO2, as well as water consumption. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49319XI-IATI-EBRD-48496European Bank for Reconstruction and DevelopmentAn EBRD loan of EUR 25 million, to be co-financed by investment grants of EUR 20 million from the EU's MADAD Fund, USD 2.5 million from the Global Concessional Finance Facility and EUR 5.9 million from the EBRD Shareholders Special Fund, to the Hashemite Kingdom of Jordan, approved by the Bank in 2017 and of which implementation is on-going. The existing and proposed additional funding will finance the construction of a wastewater network in 15 towns in West Irbid governorate, enabling the towns to connect to the wastewater network including to wastewater treatment plants (the Project). The transaction is a part of the Bank's wider engagement with the Water Authority Jordan (WAJ), aimed at developing and implementing a comprehensive wastewater investment programme in order to resolve the country's current issues in the sector, caused by the rapid population growth, including an influx of Syrian refugees, which placed unprecedented strain on the wastewater system. In 2024, the Bank seeks to provide a USD 30 million loan increase from the original loan amount of EUR 25 million, in order to close the financing gap that arose due to global price increases, the depreciation of the EUR against USD and an increase of the project coverage within the same towns. The financing package forms part of the EBRD's Municipal Resilience Refugee Response Framework. Irbid governorate is located 83 km north of Amman, with its borders extending to the Jordanian-Syrian borders. The eastern regions of the province include the highway connecting Syria and Jordan, while the western-northern part overlooks the Golan Heights. The proximity of Irbid to the Syrian border has resulted in a significant number of Syrian refugees resettling in the city of Irbid and in the towns surrounding it. The consequent population growth has placed an unprecedented strain on the wastewater network, particularly in the towns lying to the East and West of Irbid which suffer from outdated wastewater collection infrastructure. Improvements will be achieved by providing first time sanitation to residents and thus addressing urgent socio-economic needs of both the local population and the refugee community in the Project area. The improvements are likely to circumvent potential health issues and related economic losses in the Project area.European Bank for Reconstruction and DevelopmentJORDAN SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGIRBID32.55556 35.8546480463.6451262803.12JORDAN SOVEREIGN285967.09JORDAN SOVEREIGN388894.66JORDAN SOVEREIGN401645.26JORDAN SOVEREIGN375864.52JORDAN SOVEREIGN537351.43JORDAN SOVEREIGN979487.06JORDAN SOVEREIGN433570.03JORDAN SOVEREIGN180389.26JORDAN SOVEREIGN411862.51JORDAN SOVEREIGN787307.66JORDAN SOVEREIGNSTATESTATESTATESTATEAn EBRD loan of EUR 25 million, to be co-financed by investment grants of EUR 20 million from the EU's MADAD Fund, USD 2.5 million from the Global Concessional Finance Facility and EUR 5.9 million from the EBRD Shareholders Special Fund, to the Hashemite Kingdom of Jordan, approved by the Bank in 2017 and of which implementation is on-going. The existing and proposed additional funding will finance the construction of a wastewater network in 15 towns in West Irbid governorate, enabling the towns to connect to the wastewater network including to wastewater treatment plants (the Project). The transaction is a part of the Bank's wider engagement with the Water Authority Jordan (WAJ), aimed at developing and implementing a comprehensive wastewater investment programme in order to resolve the country's current issues in the sector, caused by the rapid population growth, including an influx of Syrian refugees, which placed unprecedented strain on the wastewater system. In 2024, the Bank seeks to provide a USD 30 million loan increase from the original loan amount of EUR 25 million, in order to close the financing gap that arose due to global price increases, the depreciation of the EUR against USD and an increase of the project coverage within the same towns. The financing package forms part of the EBRD's Municipal Resilience Refugee Response Framework. Irbid governorate is located 83 km north of Amman, with its borders extending to the Jordanian-Syrian borders. The eastern regions of the province include the highway connecting Syria and Jordan, while the western-northern part overlooks the Golan Heights. The proximity of Irbid to the Syrian border has resulted in a significant number of Syrian refugees resettling in the city of Irbid and in the towns surrounding it. The consequent population growth has placed an unprecedented strain on the wastewater network, particularly in the towns lying to the East and West of Irbid which suffer from outdated wastewater collection infrastructure. Improvements will be achieved by providing first time sanitation to residents and thus addressing urgent socio-economic needs of both the local population and the refugee community in the Project area. The improvements are likely to circumvent potential health issues and related economic losses in the Project area. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48496XI-IATI-EBRD-51771European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan under the GCF-GEFF Regional Framework ("GEFF") of up to USD 50 million, of which up to USD 7.5 million is expected to be co-financed by the Green Climate Fund ("GCF") The Project will support on-lending to private sub-borrowers for green, energy efficiency and renewable energy projects, which are of particular relevance in the context of the high energy intensity of Egypt's economy, and (ii) to support high performance technologies and services supporting a green economy. Sub-borrowers include private micro, small and medium-sized enterprises (MSMEs) and individual households that operate across the residential, agribusiness, industrial, commercial and service sectors.European Bank for Reconstruction and DevelopmentCOMMERCIAL INTERNATIONAL BANK EGYPT CIB SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496712649916.8437205637.75COMMERCIAL INTERNATIONAL BANK EGYPT CIB SAEPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan under the GCF-GEFF Regional Framework ("GEFF") of up to USD 50 million, of which up to USD 7.5 million is expected to be co-financed by the Green Climate Fund ("GCF") The Project will support on-lending to private sub-borrowers for green, energy efficiency and renewable energy projects, which are of particular relevance in the context of the high energy intensity of Egypt's economy, and (ii) to support high performance technologies and services supporting a green economy. Sub-borrowers include private micro, small and medium-sized enterprises (MSMEs) and individual households that operate across the residential, agribusiness, industrial, commercial and service sectors. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51771XI-IATI-EBRD-53712European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to EUR 2 million to NLB Banka a.d. Podgorica ("NLBP") for on-lending to the residential sector in Montenegro. The loan will have two equal tranches. The second tranche is uncommitted and the commitment is EBRD's absolute discretion. The loan is envisaged under the Western Balkans Green Economy Financing Facility II ("WB GEFF II"). This will be the first WB GEFF II loan to NLBP and will enable the bank to promote green economy investments in the country. The loan will support investments in high-performance green technologies, materials and solutions undertaken in privately-owned residential dwellings or buildings. 100 per cent of the use of the proceeds will be eligible to Green Economy Transition ("GET") investments.European Bank for Reconstruction and DevelopmentNLB BANKA AD PODGORICAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPODGORICA42.44111 19.263618000001000000NLB BANKA AD PODGORICAPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to EUR 2 million to NLB Banka a.d. Podgorica ("NLBP") for on-lending to the residential sector in Montenegro. The loan will have two equal tranches. The second tranche is uncommitted and the commitment is EBRD's absolute discretion. The loan is envisaged under the Western Balkans Green Economy Financing Facility II ("WB GEFF II"). This will be the first WB GEFF II loan to NLBP and will enable the bank to promote green economy investments in the country. The loan will support investments in high-performance green technologies, materials and solutions undertaken in privately-owned residential dwellings or buildings. 100 per cent of the use of the proceeds will be eligible to Green Economy Transition ("GET") investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53712XI-IATI-EBRD-56120European Bank for Reconstruction and DevelopmentThe provision of a senior secured loan of up to US$ 10 million in KZT equivalent to Bank CenterCredit JSC (BCC) under the Kazakhstan Women in Business Programme II . The financing will be used for on-lending to eligible women-led private micro, small and medium sized enterprises (MSMEs) in Kazakhstan. The Project will foster private sector competitiveness and improve economic governance and skills in Kazakhstan, by providing finance and capacity building to BCC. The operation will also support women-led businesses through access to medium-term finance, via a dedicated credit line, as well as advisory services.European Bank for Reconstruction and DevelopmentBANK CENTERCREDIT JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGALMATY43.25667 76.928619398395.05BANK CENTERCREDIT JSCPRIVATEPRIVATEPRIVATEThe provision of a senior secured loan of up to US$ 10 million in KZT equivalent to Bank CenterCredit JSC (BCC) under the Kazakhstan Women in Business Programme II . The financing will be used for on-lending to eligible women-led private micro, small and medium sized enterprises (MSMEs) in Kazakhstan. The Project will foster private sector competitiveness and improve economic governance and skills in Kazakhstan, by providing finance and capacity building to BCC. The operation will also support women-led businesses through access to medium-term finance, via a dedicated credit line, as well as advisory services. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56120XI-IATI-EBRD-55229European Bank for Reconstruction and DevelopmentProvision of up to EUR 15 million loan to Tuyauto S.A. ("Tuyauto" or the "Company"), to be on-lent to Tuyauto New Mobility, a wholly owned subsidiary of the Company, to finance the Company's new facility dedicated to e-mobility components (the "Project"). The Project supports the construction of a new industrial facility dedicated to e-mobility components.European Bank for Reconstruction and DevelopmentTUYAUTO SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCASABLANCA33.58831 -7.6113815000000TUYAUTO SAPRIVATEPRIVATEPRIVATEProvision of up to EUR 15 million loan to Tuyauto S.A. ("Tuyauto" or the "Company"), to be on-lent to Tuyauto New Mobility, a wholly owned subsidiary of the Company, to finance the Company's new facility dedicated to e-mobility components (the "Project"). The Project supports the construction of a new industrial facility dedicated to e-mobility components. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55229XI-IATI-EBRD-53274European Bank for Reconstruction and DevelopmentProvision of a sovereign guaranteed loan in the amount of up to EUR 43 million to Serbia Cargo ("SC"). The loan will finance procurement of new locomotives, wagons and overhaul of freight wagons. The Project will support both the development of the Serbian cargo railway transportation sector through the modernisation of the cargo rail fleet. It is expected to have a significant effect on the quality of cargo services, its competitiveness, useful life of the fleet and, ultimately, growth of rail cargo transportation in the country. By enabling the modal shift from road-based transport to cargo rail transportation and by replacing old inefficient rolling stock, the Project will bring a large environmental gains in terms of lowered carbon emissions.European Bank for Reconstruction and DevelopmentSRBIJA KARGO JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.465134253175043000000SRBIJA KARGO JSC430000SRBIJA KARGO JSC38250SRBIJA KARGO JSCSTATESTATESTATESTATEProvision of a sovereign guaranteed loan in the amount of up to EUR 43 million to Serbia Cargo ("SC"). The loan will finance procurement of new locomotives, wagons and overhaul of freight wagons. The Project will support both the development of the Serbian cargo railway transportation sector through the modernisation of the cargo rail fleet. It is expected to have a significant effect on the quality of cargo services, its competitiveness, useful life of the fleet and, ultimately, growth of rail cargo transportation in the country. By enabling the modal shift from road-based transport to cargo rail transportation and by replacing old inefficient rolling stock, the Project will bring a large environmental gains in terms of lowered carbon emissions. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53274XI-IATI-EBRD-53872European Bank for Reconstruction and DevelopmentA revolving facility to finance quarterly VAT payments during the construction of 220 MW solar power project in the Jizzakh region of Uzbekistan. The project will contribute to the strategic priority of the government of Uzbekistan to increase the share of renewable projects in the national energy mix. It will contribute to the mitigation of climate change impact by adding 220 MW of solar generation capacity to the national energy system and will assist the country in its low-carbon transition drive.European Bank for Reconstruction and DevelopmentNUR JIZZAKH SOLAR PV FE LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.2162717070822.03NUR JIZZAKH SOLAR PV FE LLCPRIVATEPRIVATEPRIVATEA revolving facility to finance quarterly VAT payments during the construction of 220 MW solar power project in the Jizzakh region of Uzbekistan. The project will contribute to the strategic priority of the government of Uzbekistan to increase the share of renewable projects in the national energy mix. It will contribute to the mitigation of climate change impact by adding 220 MW of solar generation capacity to the national energy system and will assist the country in its low-carbon transition drive. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53872XI-IATI-EBRD-53856European Bank for Reconstruction and DevelopmentProvision of a senior loan of up to EUR 10 million under the GCF GEFF (Global Climate Fund and Western Balkans Green Economy Financing Facility), whereby EBRD will provide EUR 7.5 million and GCF GEFF remaining EUR 2.5 million. The loan will be fully guaranteed by the Erste Group. The loan will support investments in high-performance green technologies, materials and solutions. 100 per cent of the use of the proceeds will be related to Green Economy Transition ("GET") investments.European Bank for Reconstruction and DevelopmentERSTE LEASING DOO BEOGRADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.465137500000ERSTE LEASING DOO BEOGRADPRIVATEPRIVATEPRIVATEProvision of a senior loan of up to EUR 10 million under the GCF GEFF (Global Climate Fund and Western Balkans Green Economy Financing Facility), whereby EBRD will provide EUR 7.5 million and GCF GEFF remaining EUR 2.5 million. The loan will be fully guaranteed by the Erste Group. The loan will support investments in high-performance green technologies, materials and solutions. 100 per cent of the use of the proceeds will be related to Green Economy Transition ("GET") investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53856XI-IATI-EBRD-55917European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to RSD 1.2 billion (€10 million equivalent) to be provided in one tranche, under the Western Balkans GEFF III REpower Residential programme ("WB GEFF III"). The transaction will support the aim of the Programme to provide access to finance for green investment on-lending in a gender-responsive way for the residential sector (individual residents, housing collectives and housing management companies, service providers, producers and vendors of green technologies and materials and construction companies) and public sector.European Bank for Reconstruction and DevelopmentERSTE BANK AD NOVI SADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGNOVI SAD45.25167 19.836949985403.16ERSTE BANK AD NOVI SADPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to RSD 1.2 billion (€10 million equivalent) to be provided in one tranche, under the Western Balkans GEFF III REpower Residential programme ("WB GEFF III"). The transaction will support the aim of the Programme to provide access to finance for green investment on-lending in a gender-responsive way for the residential sector (individual residents, housing collectives and housing management companies, service providers, producers and vendors of green technologies and materials and construction companies) and public sector. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55917XI-IATI-EBRD-55681European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to € 5 million to be provided in two tranches (€ 2m and € 3m) to Crnogorska Komercijalna Banka (CKB). The loan is provided under the Western Balkans GEFF III REpower Residential (WBGEFF III). The transaction will support the aim of the WB GEFF III Framework to provide access to finance for green investment on-lending in a gender-responsive way for the residential sector (individual residents, housing collectives and housing management companies, service providers, producers and vendors of green technologies and materials and construction companies) and public sector in Montenegro. 100 per cent of the use of proceeds will be related to investments eligible under the EBRD's Green Economy Transition (GET) approach.European Bank for Reconstruction and DevelopmentCRNOGORSKA KOMERCIJALNA BANKA AD PODGORICAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPODGORICA42.44111 19.2636120000002000000CRNOGORSKA KOMERCIJALNA BANKA AD PODGORICAPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to € 5 million to be provided in two tranches (€ 2m and € 3m) to Crnogorska Komercijalna Banka (CKB). The loan is provided under the Western Balkans GEFF III REpower Residential (WBGEFF III). The transaction will support the aim of the WB GEFF III Framework to provide access to finance for green investment on-lending in a gender-responsive way for the residential sector (individual residents, housing collectives and housing management companies, service providers, producers and vendors of green technologies and materials and construction companies) and public sector in Montenegro. 100 per cent of the use of proceeds will be related to investments eligible under the EBRD's Green Economy Transition (GET) approach. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55681XI-IATI-EBRD-44912European Bank for Reconstruction and DevelopmentThe EBRD is providing a loan of EUR 7.5 million (or RON equivalent) to the County of Iasi ("County") to co-finance the County's EUR 46.8 million integrated waste management system's improvement programme alongside the Cohesion Fund Environment Sector Operating Programme ("SOP"). The Project will enable the development of the waste infrastructure in the County in accordance with EU standards by enhancing the quality of waste collection and management services, enhancing waste recycling systems and setting up new waste sorting facilities and additional waste warehouse structures. The Bank's loan will also fund closing landfills that are non-compliant with relevant EU directives. Null ValueEuropean Bank for Reconstruction and DevelopmentCOUNTY OF IASIEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGIASI47.16667 27.65200000COUNTY OF IASI787047.45COUNTY OF IASI653387.34COUNTY OF IASI1045800.04COUNTY OF IASISTATESTATESTATESTATEThe EBRD is providing a loan of EUR 7.5 million (or RON equivalent) to the County of Iasi ("County") to co-finance the County's EUR 46.8 million integrated waste management system's improvement programme alongside the Cohesion Fund Environment Sector Operating Programme ("SOP"). The Project will enable the development of the waste infrastructure in the County in accordance with EU standards by enhancing the quality of waste collection and management services, enhancing waste recycling systems and setting up new waste sorting facilities and additional waste warehouse structures. The Bank's loan will also fund closing landfills that are non-compliant with relevant EU directives. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/44912XI-IATI-EBRD-54484European Bank for Reconstruction and DevelopmentThe provision of long-term senior debt of up to US$ 44.8 million, which includes an EU-backed unfunded guarantee under the EFSD+ HI-BAR program covering a US$ 7.0 million tranche. The financing will support the development, construction and operation of a solar photovoltaic power plant with a capacity of 100 MW on a site located in the Khorezm region of Uzbekistan (the "Project"). The financing will be provided to Sarimay Solar FE LLC a special purpose vehicle (the "Borrower") established in Uzbekistan and fully owned by Voltalia SA (the "Sponsor", "Voltalia"). This Project aligns with the government of Uzbekistan's strategic objective of expanding the proportion of renewable energy sources in its national energy mix, aiming to establish 25 GW of solar and wind power by 2030. By contributing 100 MW of solar generation capacity to the national power grid, this Project will play a significant role in mitigating the effects of climate change and assisting Uzbekistan in achieving its low-carbon transition targets.European Bank for Reconstruction and DevelopmentSARIMAY SOLAR FE LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.216273976037.8238973224.19SARIMAY SOLAR FE LLCPRIVATEPRIVATEPRIVATEThe provision of long-term senior debt of up to US$ 44.8 million, which includes an EU-backed unfunded guarantee under the EFSD+ HI-BAR program covering a US$ 7.0 million tranche. The financing will support the development, construction and operation of a solar photovoltaic power plant with a capacity of 100 MW on a site located in the Khorezm region of Uzbekistan (the "Project"). The financing will be provided to Sarimay Solar FE LLC a special purpose vehicle (the "Borrower") established in Uzbekistan and fully owned by Voltalia SA (the "Sponsor", "Voltalia"). This Project aligns with the government of Uzbekistan's strategic objective of expanding the proportion of renewable energy sources in its national energy mix, aiming to establish 25 GW of solar and wind power by 2030. By contributing 100 MW of solar generation capacity to the national power grid, this Project will play a significant role in mitigating the effects of climate change and assisting Uzbekistan in achieving its low-carbon transition targets. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54484XI-IATI-EBRD-47537European Bank for Reconstruction and DevelopmentThe EBRD is providing a loan of up to €15 million to Sibiu Municipality (the 'Municipality' or the 'City') To finance key investments in the urban transport sector and related infrastructure including street rehabilitation, a concession for local road maintenance, as well as support for the preparation of a Sustainable Urban Mobility Plan ('SUMP').European Bank for Reconstruction and DevelopmentCITY OF SIBIUEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSIBIU45.8 24.1512884027.53CITY OF SIBIU205005.89CITY OF SIBIU409398.98CITY OF SIBIU531800.47CITY OF SIBIU443193.89CITY OF SIBIU807816.09CITY OF SIBIU465158.17CITY OF SIBIU1462993.07CITY OF SIBIU1068860.87CITY OF SIBIU519422.78CITY OF SIBIU4266975.27CITY OF SIBIU2703402.07CITY OF SIBIUSTATESTATESTATESTATEThe EBRD is providing a loan of up to €15 million to Sibiu Municipality (the 'Municipality' or the 'City') To finance key investments in the urban transport sector and related infrastructure including street rehabilitation, a concession for local road maintenance, as well as support for the preparation of a Sustainable Urban Mobility Plan ('SUMP'). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47537XI-IATI-EBRD-47690European Bank for Reconstruction and DevelopmentThe EBRD is providing a loan of up to EUR 15 million to the City of Kragujevac (the 'City') for long-term financing of urban transport infrastructure and procurement of waste collection trucks and bins. The loan will be split in two tranches. Tranche 1 of EUR 10 million comprises financing of new waste collection trucks and bins of EUR 2.5 million (Component 1) and financing of road construction and refurbishment of EUR 7.5 million (Component 2). Tranche 2 will be used to finance construction of a new City bus terminal in an amount of EUR 5 million (Component 3).European Bank for Reconstruction and DevelopmentCITY OF KRAGUJEVACEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKRAGUJEVAC44.01667 20.9166710000000CITY OF KRAGUJEVAC62265.48CITY OF KRAGUJEVAC1076894.52CITY OF KRAGUJEVAC1114800CITY OF KRAGUJEVAC228800CITY OF KRAGUJEVAC2472020.76CITY OF KRAGUJEVAC451654.19CITY OF KRAGUJEVAC346463.94CITY OF KRAGUJEVAC1085078.98CITY OF KRAGUJEVAC94100CITY OF KRAGUJEVAC11920CITY OF KRAGUJEVAC7520CITY OF KRAGUJEVAC752624.77CITY OF KRAGUJEVAC7790CITY OF KRAGUJEVACSTATESTATESTATESTATEThe EBRD is providing a loan of up to EUR 15 million to the City of Kragujevac (the 'City') for long-term financing of urban transport infrastructure and procurement of waste collection trucks and bins. The loan will be split in two tranches. Tranche 1 of EUR 10 million comprises financing of new waste collection trucks and bins of EUR 2.5 million (Component 1) and financing of road construction and refurbishment of EUR 7.5 million (Component 2). Tranche 2 will be used to finance construction of a new City bus terminal in an amount of EUR 5 million (Component 3). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47690XI-IATI-EBRD-56244European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to €3 million under Western Balkans GEFF III REpower Residential. The loan is intended to provide sub-loans to help finance investments in (i) high-performance energy efficiency technologies, materials and solutions undertaken in or in relation to privately owned residential dwellings or buildings, (ii) construction of GET-eligible High Energy Performance Residential Buildings and (iii) eligible Energy Efficiency and/or Renewable Energy projects in the Public Sector ("Sub-projects"), in a gender-responsive way. 100% of the use of proceeds will be related to Green Economy Transition ("GET") investments.European Bank for Reconstruction and DevelopmentERSTE BANK AD PODGORICAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPODGORICA42.44111 19.263613000000ERSTE BANK AD PODGORICAPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to €3 million under Western Balkans GEFF III REpower Residential. The loan is intended to provide sub-loans to help finance investments in (i) high-performance energy efficiency technologies, materials and solutions undertaken in or in relation to privately owned residential dwellings or buildings, (ii) construction of GET-eligible High Energy Performance Residential Buildings and (iii) eligible Energy Efficiency and/or Renewable Energy projects in the Public Sector ("Sub-projects"), in a gender-responsive way. 100% of the use of proceeds will be related to Green Economy Transition ("GET") investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56244XI-IATI-EBRD-52212European Bank for Reconstruction and DevelopmentRON equivalent of up to EUR 40 million loan in favour of Distributie Energie Electrica Romania SA ("DEER" or the "Company" or the "Borrower"), a corporation registered in Romania, in charge with the electricity distribution in three regions of Romania. The loan will finance part of the company's capital expenditures programme for 2021-2023 aimed at the modernisation and the upgrade of the distribution network operated by DEER. The project will focus on the upgrade of the network and improving the quality of the service and safety of operations. Investment programme's priorities also include digitalisation of the processes for improving users' experience, investments in the smart grid and a mass roll-out of smart meters in the system.European Bank for Reconstruction and DevelopmentDISTRIBUTIE ENERGIE ELECTRICA ROMANIA SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPITESTI44.85 24.86667547209.5937793692.49DISTRIBUTIE ENERGIE ELECTRICA ROMANIA SAPRIVATEPRIVATEPRIVATERON equivalent of up to EUR 40 million loan in favour of Distributie Energie Electrica Romania SA ("DEER" or the "Company" or the "Borrower"), a corporation registered in Romania, in charge with the electricity distribution in three regions of Romania. The loan will finance part of the company's capital expenditures programme for 2021-2023 aimed at the modernisation and the upgrade of the distribution network operated by DEER. The project will focus on the upgrade of the network and improving the quality of the service and safety of operations. Investment programme's priorities also include digitalisation of the processes for improving users' experience, investments in the smart grid and a mass roll-out of smart meters in the system. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52212XI-IATI-EBRD-48177European Bank for Reconstruction and DevelopmentEUR 448 million investment programme to fund an integrated wastewater treatment programme in the Fayoum Governorate, including the (i) construction of 8 new wastewater treatment plants (WWTPs); (ii) expansion of 9 existing and rehabilitation of 10 existing WWTPs; (iii) expansion of the sewerage network of about 3433 kilometers of pipes together with the installation of their 139 pumping stations; and (iv) purchase of 350 evacuation trucks to serve other remote unserved rural areas (the "Project"). EBRD will provide a sovereign loan of up to EUR 186 million to the Arab Republic of Egypt. It is expected that the Project will be co-financed by a sovereign loan of up to EUR 172 million from the European Investment Bank ("EIB") and a EUR 30 million investment grant from the EU Neighbourhood Investment Facility ("NIF"). The Project fully supports the Bank's Green Economy Transition ("GET") Approach which, among different goals, aims at scaling up the promotion of sustainability of natural resources use, to support pollution prevention and to avoid/reduce the degradation of ecosystems. * Increasing wastewater treatment capacity: The Project will provide access to improved sanitation services to over 940,000 people in six rural districts in Fayoum, thereby raising sanitation coverage to 86 per cent of the rural population (from a current level of 32.6 per cent). * Contributing to the depollution of Lake Qarun: Lake Qarun is the third largest lake in Egypt and an important natural freshwater resource for economic activities in Fayoum. The Project will substantially contribute to reduced pollution of Lake Qarun. This will positively affect community health and key related economic opportunities in Fayoum, including fishing, fish-farming and tourism related activities. * Improve operational systems and practices at local level: The Project will enhance the overall efficiency of the operations and improve the capacity and responsibility of the Fayoum Company for Water and Wastewater ("FWWC") while promoting the decentralisation of wastewater management.European Bank for Reconstruction and DevelopmentEGYPT SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.24967125830347.89186000000EGYPT SOVEREIGN1370000EGYPT SOVEREIGN438994EGYPT SOVEREIGN2668197.74EGYPT SOVEREIGN8578390.53EGYPT SOVEREIGN490000EGYPT SOVEREIGN10000000EGYPT SOVEREIGN8740000EGYPT SOVEREIGN4830000EGYPT SOVEREIGN8130000EGYPT SOVEREIGN224069.84EGYPT SOVEREIGN6500000EGYPT SOVEREIGN8200000EGYPT SOVEREIGNSTATESTATESTATESTATEEUR 448 million investment programme to fund an integrated wastewater treatment programme in the Fayoum Governorate, including the (i) construction of 8 new wastewater treatment plants (WWTPs); (ii) expansion of 9 existing and rehabilitation of 10 existing WWTPs; (iii) expansion of the sewerage network of about 3433 kilometers of pipes together with the installation of their 139 pumping stations; and (iv) purchase of 350 evacuation trucks to serve other remote unserved rural areas (the "Project"). EBRD will provide a sovereign loan of up to EUR 186 million to the Arab Republic of Egypt. It is expected that the Project will be co-financed by a sovereign loan of up to EUR 172 million from the European Investment Bank ("EIB") and a EUR 30 million investment grant from the EU Neighbourhood Investment Facility ("NIF"). The Project fully supports the Bank's Green Economy Transition ("GET") Approach which, among different goals, aims at scaling up the promotion of sustainability of natural resources use, to support pollution prevention and to avoid/reduce the degradation of ecosystems. * Increasing wastewater treatment capacity: The Project will provide access to improved sanitation services to over 940,000 people in six rural districts in Fayoum, thereby raising sanitation coverage to 86 per cent of the rural population (from a current level of 32.6 per cent). * Contributing to the depollution of Lake Qarun: Lake Qarun is the third largest lake in Egypt and an important natural freshwater resource for economic activities in Fayoum. The Project will substantially contribute to reduced pollution of Lake Qarun. This will positively affect community health and key related economic opportunities in Fayoum, including fishing, fish-farming and tourism related activities. * Improve operational systems and practices at local level: The Project will enhance the overall efficiency of the operations and improve the capacity and responsibility of the Fayoum Company for Water and Wastewater ("FWWC") while promoting the decentralisation of wastewater management. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48177XI-IATI-EBRD-50819European Bank for Reconstruction and DevelopmentProvision of a EUR 4.1 million loan to the Smolyan Water Supply and Sanitation Company (the "Company"), a state-owned water utility based in the town of Smolyan, Bulgaria. The loan will be funded with EBRD capital resources, the European Structural and Investment Funds ("ESIF") and the national budget of the Republic of Bulgaria (the latter two are jointly referred to as "ESIF contributions"). The ESIF contributions will be used in the form of repayable financial instruments. The proceeds of the loan will co-finance the construction of new and the rehabilitation of existing water and wastewater infrastructure, jointly with investment grants from the EU Operational Programme Environment 2014-2020 (the "Project"). The main objectives of the Project are: (a) to help the Company achieve full compliance with the EU Urban Waste Water Treatment Directive in all agglomerations of more than 10,000 people serviced by the Company and (b) improve the efficiency of water supply services, reduce the share of non-revenue water and fulfil the requirements of the EU Drinking Water Directive.European Bank for Reconstruction and DevelopmentWATER SUPPLY AND SANITATION COMPANY OF THE CITY OF SMOLYANEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSMOLYAN24.71204 41.574393100000WATER SUPPLY AND SANITATION COMPANY OF THE CITY OF SMOLYAN326761.02WATER SUPPLY AND SANITATION COMPANY OF THE CITY OF SMOLYAN1757378.01WATER SUPPLY AND SANITATION COMPANY OF THE CITY OF SMOLYAN297258.94WATER SUPPLY AND SANITATION COMPANY OF THE CITY OF SMOLYAN216899.97WATER SUPPLY AND SANITATION COMPANY OF THE CITY OF SMOLYAN363309.14WATER SUPPLY AND SANITATION COMPANY OF THE CITY OF SMOLYANSTATESTATESTATESTATEProvision of a EUR 4.1 million loan to the Smolyan Water Supply and Sanitation Company (the "Company"), a state-owned water utility based in the town of Smolyan, Bulgaria. The loan will be funded with EBRD capital resources, the European Structural and Investment Funds ("ESIF") and the national budget of the Republic of Bulgaria (the latter two are jointly referred to as "ESIF contributions"). The ESIF contributions will be used in the form of repayable financial instruments. The proceeds of the loan will co-finance the construction of new and the rehabilitation of existing water and wastewater infrastructure, jointly with investment grants from the EU Operational Programme Environment 2014-2020 (the "Project"). The main objectives of the Project are: (a) to help the Company achieve full compliance with the EU Urban Waste Water Treatment Directive in all agglomerations of more than 10,000 people serviced by the Company and (b) improve the efficiency of water supply services, reduce the share of non-revenue water and fulfil the requirements of the EU Drinking Water Directive. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50819XI-IATI-EBRD-49668European Bank for Reconstruction and DevelopmentProvision of a non-sovereign loan to the city of Banja Luka (the "city") for the rehabilitation and expansion of Banja Luka's existing water supply and wastewater network - Phase 2 (the "Project"). GrCF2 W2 - Banja Luka Water - Phase 1 (51241) is currently under implementation and covers rehabilitation and expansion of the existing water supply network. Assisting the Banja Luka Water Company ("Vodovod a.d. Banja Luka" or the "Company") to: (i) improve its performance through the reduction of costs; (ii) reduce consumption of electricity and (iii) provide a reliable supply of potable water to its customers.European Bank for Reconstruction and DevelopmentCITY OF BANJA LUKAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBANJA LUKA44.77842 17.193866000000CITY OF BANJA LUKA519259.82CITY OF BANJA LUKA1019710.57CITY OF BANJA LUKA528814.5CITY OF BANJA LUKA500557.51CITY OF BANJA LUKA524356.63CITY OF BANJA LUKA521637.46CITY OF BANJA LUKA565478.96CITY OF BANJA LUKA357928.73CITY OF BANJA LUKA152601.58CITY OF BANJA LUKA730911.42CITY OF BANJA LUKA444796.94CITY OF BANJA LUKA80897.15CITY OF BANJA LUKASTATESTATESTATESTATEProvision of a non-sovereign loan to the city of Banja Luka (the "city") for the rehabilitation and expansion of Banja Luka's existing water supply and wastewater network - Phase 2 (the "Project"). GrCF2 W2 - Banja Luka Water - Phase 1 (51241) is currently under implementation and covers rehabilitation and expansion of the existing water supply network. Assisting the Banja Luka Water Company ("Vodovod a.d. Banja Luka" or the "Company") to: (i) improve its performance through the reduction of costs; (ii) reduce consumption of electricity and (iii) provide a reliable supply of potable water to its customers. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49668XI-IATI-EBRD-52520European Bank for Reconstruction and DevelopmentAcquisition and installation of an adaptive traffic management system ("ATMS"), including construction of a traffic management centre ("TMC"), and acquisition of up to 5 new trams for the Sarajevo Canton (the "Project"). The Project is part of the EBRD's Green Cities Framework 2 Window 2 (the"Framework") and was identified as a priority project under the Canton's Green City Action Plan ("GCAP"). Reduction of traffic congestion and transport-based emissions and environmental pollution. Increasing the efficiency of tram operations will reduce the fleet's electricity consumption and, together with an effect from modality shift and reduced idling times and congestion of vehicles, will result in an estimated reduction of 68,642 tCO2e (tonnes of carbon dioxide equivalent) of Green House Gas ("GHG") emissions. The Project is also a follow-on investment under the Sarajevo GCAP, which has identified local air quality, lack of public transport infrastructure and current transport policies as priority challenges to address through investments and policy actions.European Bank for Reconstruction and DevelopmentBOSNIA AND HERZEGOVINA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.356442544104.6222000000BOSNIA AND HERZEGOVINA SOVEREIGN70000BOSNIA AND HERZEGOVINA SOVEREIGN953376.75BOSNIA AND HERZEGOVINA SOVEREIGN100000BOSNIA AND HERZEGOVINA SOVEREIGN9900000BOSNIA AND HERZEGOVINA SOVEREIGN1045362.33BOSNIA AND HERZEGOVINA SOVEREIGN50000BOSNIA AND HERZEGOVINA SOVEREIGN1061818.49BOSNIA AND HERZEGOVINA SOVEREIGN570316.93BOSNIA AND HERZEGOVINA SOVEREIGN464873.33BOSNIA AND HERZEGOVINA SOVEREIGN277472.36BOSNIA AND HERZEGOVINA SOVEREIGN588113.51BOSNIA AND HERZEGOVINA SOVEREIGN684370.23BOSNIA AND HERZEGOVINA SOVEREIGN1542330.34BOSNIA AND HERZEGOVINA SOVEREIGN2147861.11BOSNIA AND HERZEGOVINA SOVEREIGNSTATESTATESTATESTATEAcquisition and installation of an adaptive traffic management system ("ATMS"), including construction of a traffic management centre ("TMC"), and acquisition of up to 5 new trams for the Sarajevo Canton (the "Project"). The Project is part of the EBRD's Green Cities Framework 2 Window 2 (the"Framework") and was identified as a priority project under the Canton's Green City Action Plan ("GCAP"). Reduction of traffic congestion and transport-based emissions and environmental pollution. Increasing the efficiency of tram operations will reduce the fleet's electricity consumption and, together with an effect from modality shift and reduced idling times and congestion of vehicles, will result in an estimated reduction of 68,642 tCO2e (tonnes of carbon dioxide equivalent) of Green House Gas ("GHG") emissions. The Project is also a follow-on investment under the Sarajevo GCAP, which has identified local air quality, lack of public transport infrastructure and current transport policies as priority challenges to address through investments and policy actions. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52520XI-IATI-EBRD-56613European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 10 million to be provided in two equal tranches to ProCredit Bank Albania (PCBA) under the Western Balkans Green Outcomes-Linked Debt Financing Framework (WB GOLD). The proceeds of the loan will be used for providing sub-loans to eligible small and medium-sized enterprises (SMEs) and Midcaps in Albania in support of their business expansion and Green Economy Transition (GET) eligible investments. At least 50% of the total investment will be GET eligible.European Bank for Reconstruction and DevelopmentPROCREDIT BANK ALBANIA SHAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTIRANA41.3275 19.8188910000000PROCREDIT BANK ALBANIA SHAPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 10 million to be provided in two equal tranches to ProCredit Bank Albania (PCBA) under the Western Balkans Green Outcomes-Linked Debt Financing Framework (WB GOLD). The proceeds of the loan will be used for providing sub-loans to eligible small and medium-sized enterprises (SMEs) and Midcaps in Albania in support of their business expansion and Green Economy Transition (GET) eligible investments. At least 50% of the total investment will be GET eligible. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56613XI-IATI-EBRD-55919European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to €5 million in one tranche, under the Go Digital in the Western Balkans programme ("Go Digital in WB"). The transaction will support the aim of the Programme to: (i) advance innovation and competitiveness of the private sector via targeted investments and increased awareness-raising among SMEs for a higher utilisation of digitalisation and automation technologies; (ii) support transition to green economy ("GET technologies"); (iii) increase the capacity and trade potential of SMEs via increased access to finance to allow them to invest additional resources to introduce EU standards; and (iv) promote more equitable access to finance for automation and digitalisation investments for women-led SMEs, and improve the competitiveness and sustainability of end-benecifiaries business operations.European Bank for Reconstruction and DevelopmentERSTE BANK AD NOVI SADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGNOVI SAD45.25167 19.836945000000ERSTE BANK AD NOVI SADPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to €5 million in one tranche, under the Go Digital in the Western Balkans programme ("Go Digital in WB"). The transaction will support the aim of the Programme to: (i) advance innovation and competitiveness of the private sector via targeted investments and increased awareness-raising among SMEs for a higher utilisation of digitalisation and automation technologies; (ii) support transition to green economy ("GET technologies"); (iii) increase the capacity and trade potential of SMEs via increased access to finance to allow them to invest additional resources to introduce EU standards; and (iv) promote more equitable access to finance for automation and digitalisation investments for women-led SMEs, and improve the competitiveness and sustainability of end-benecifiaries business operations. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55919XI-IATI-EBRD-56099European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 5.0 million to be disbursed in two equal tranches (EUR 2.5 million each) under the EBRD Go Digital in WB programme. The loan will have a 3-year tenor with a 1 year grace period. The second tranche will be uncommitted. The proceeds of the Bank's investment will be used for providing a combination of specialised financing for automation, digitalisation, competitiveness and green technologies to eligible SMEs in accordance with the respective Policy Statement. At least 60% of the total investments shall be in eligible automation and digitalisation projects, of which at least 60% shall be GET eligible. Furthermore, at least 60% of the total investments shall be GET eligible.European Bank for Reconstruction and DevelopmentBANKA PER BIZNES SHAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRISTINA42.67272 21.166885000000BANKA PER BIZNES SHAPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 5.0 million to be disbursed in two equal tranches (EUR 2.5 million each) under the EBRD Go Digital in WB programme. The loan will have a 3-year tenor with a 1 year grace period. The second tranche will be uncommitted. The proceeds of the Bank's investment will be used for providing a combination of specialised financing for automation, digitalisation, competitiveness and green technologies to eligible SMEs in accordance with the respective Policy Statement. At least 60% of the total investments shall be in eligible automation and digitalisation projects, of which at least 60% shall be GET eligible. Furthermore, at least 60% of the total investments shall be GET eligible. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56099XI-IATI-EBRD-53670European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to USD 10 million to the National Bank of Kuwait S.A.E (NBKE) under the FIF - Egypt Youth in Business ("YiB") programme, for on-lending to eligible private MSMEs whose overall operational management responsibility or majority ownership is held by a person (or persons) under the age of 35 as defined in the Policy Statement ("Youth MSMEs"). The project is expected to increase the pool of financing available to young individuals in Egypt and to help this group of borrowers build their skill-set and develop their businesses, thereby promoting youth entrepreneurship and youth's participation in business through an integrated approach.European Bank for Reconstruction and DevelopmentNATIONAL BANK OF KUWAIT EGYPT NBK SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.249678754267.71NATIONAL BANK OF KUWAIT EGYPT NBK SAEPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to USD 10 million to the National Bank of Kuwait S.A.E (NBKE) under the FIF - Egypt Youth in Business ("YiB") programme, for on-lending to eligible private MSMEs whose overall operational management responsibility or majority ownership is held by a person (or persons) under the age of 35 as defined in the Policy Statement ("Youth MSMEs"). The project is expected to increase the pool of financing available to young individuals in Egypt and to help this group of borrowers build their skill-set and develop their businesses, thereby promoting youth entrepreneurship and youth's participation in business through an integrated approach. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53670XI-IATI-EBRD-54175European Bank for Reconstruction and DevelopmentProvision of up to EUR 50m of debt financing to Bank of Africa (BOA) for on-lending to small and medium-sized enterprises (SMEs) in Morocco. The project will contribute to building a more competitive and resilient economy in Morocco by supporting SME financing.European Bank for Reconstruction and DevelopmentBANK OF AFRICA SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCASABLANCA33.58831 -7.6113850000000BANK OF AFRICA SAPRIVATEPRIVATEPRIVATEProvision of up to EUR 50m of debt financing to Bank of Africa (BOA) for on-lending to small and medium-sized enterprises (SMEs) in Morocco. The project will contribute to building a more competitive and resilient economy in Morocco by supporting SME financing. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54175XI-IATI-EBRD-49794European Bank for Reconstruction and DevelopmentProvision of long-term senior debt financing of USD 77.5 million (EUR 64.6 million equivalent) to finance the construction of a 252 MW wind power plant located in the Gulf of Suez, approximately 30km North-West of Ras Ghareb in Egypt. The project will be one of the first privately developed utility scale wind power plants in Egypt and will support the country in increasing its renewable energy capacity. Through delivery of clean power at one of the most competitive wind tariffs in the region and wider, the project will support Egypt's renewable transition and exploitation of the exceptional wind resources in the Gulf of Suez area. The Project is expected to further improve the environmental characteristics of Egypt's power sector by reducing emissions of local pollutants and CO2, as well as water consumption.European Bank for Reconstruction and DevelopmentBOO IPH WIND FOR WIND POWER SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.249670.0173448306.05BOO IPH WIND FOR WIND POWER SAEPRIVATEPRIVATEPRIVATEProvision of long-term senior debt financing of USD 77.5 million (EUR 64.6 million equivalent) to finance the construction of a 252 MW wind power plant located in the Gulf of Suez, approximately 30km North-West of Ras Ghareb in Egypt. The project will be one of the first privately developed utility scale wind power plants in Egypt and will support the country in increasing its renewable energy capacity. Through delivery of clean power at one of the most competitive wind tariffs in the region and wider, the project will support Egypt's renewable transition and exploitation of the exceptional wind resources in the Gulf of Suez area. The Project is expected to further improve the environmental characteristics of Egypt's power sector by reducing emissions of local pollutants and CO2, as well as water consumption. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49794XI-IATI-EBRD-55236European Bank for Reconstruction and DevelopmentA sovereign-guaranteed loan of up to EUR 81.5 million to be provided to Operatori i Shperndarjes se Energjise Elektrike ("OSHEE"), the state-owned distribution operator and retail supplier of Albania. The loan proceeds themselves will be used to refinance and lengthen the tenors of short term sovereign guaranteed overdrafts which OSHEE has entered into with commercial banks on an emergency basis and require annual reapproval. The loans were necessary to fund electricity imports at the time of energy crises. The project will enable the restructuring of OSHEE's balance sheet giving it greater control over its financial situation, and indirectly fund crucial green capital expenditures. The EBRD investment will be conditioned upon an agreed plan for a corporate program of reforms of which will have a significant impact on the development, management, and operational efficiency of OSHEE and by extension, the power sector in Albania.European Bank for Reconstruction and DevelopmentOPERATORI I SHPERNDARJES SE ENERGJISE ELEKTRIKE SH AEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTIRANA41.3275 19.8188945750000OPERATORI I SHPERNDARJES SE ENERGJISE ELEKTRIKE SH A45750000OPERATORI I SHPERNDARJES SE ENERGJISE ELEKTRIKE SH ASTATESTATESTATESTATEA sovereign-guaranteed loan of up to EUR 81.5 million to be provided to Operatori i Shperndarjes se Energjise Elektrike ("OSHEE"), the state-owned distribution operator and retail supplier of Albania. The loan proceeds themselves will be used to refinance and lengthen the tenors of short term sovereign guaranteed overdrafts which OSHEE has entered into with commercial banks on an emergency basis and require annual reapproval. The loans were necessary to fund electricity imports at the time of energy crises. The project will enable the restructuring of OSHEE's balance sheet giving it greater control over its financial situation, and indirectly fund crucial green capital expenditures. The EBRD investment will be conditioned upon an agreed plan for a corporate program of reforms of which will have a significant impact on the development, management, and operational efficiency of OSHEE and by extension, the power sector in Albania. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55236XI-IATI-EBRD-52558European Bank for Reconstruction and DevelopmentProvision of up to MAD 250m (EUR 23.5m) to the Riaya Industries Group to support: (i) capacity expansion (acquisition of new equipment); and (ii) construction a new green state-of-the-art industrial platform ("the Project"). The Project supports the expansion of the Group's business with further vertical integrationEuropean Bank for Reconstruction and DevelopmentRIAYA INDUSTRIES SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCASABLANCA33.58831 -7.6113813488482.59RIAYA INDUSTRIES SAPRIVATEPRIVATEPRIVATEProvision of up to MAD 250m (EUR 23.5m) to the Riaya Industries Group to support: (i) capacity expansion (acquisition of new equipment); and (ii) construction a new green state-of-the-art industrial platform ("the Project"). The Project supports the expansion of the Group's business with further vertical integration For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52558XI-IATI-EBRD-56315European Bank for Reconstruction and DevelopmentProvision of up to MAD 400 million (EUR 37 million equivalent) investment in favour of the region of Casablanca-Settat (the region), one of the major regions of Morocco and a key driver of the Moroccan economy. The investment will entail the subscription to a local currency senior unsecured bond for up to MAD 1 billion (EUR 93 million equivalent) through a private placement. The bond proceeds will fund strategic investments falling under the region's Regional Development Plan (the PDR). The issuance will further contribute to the creation of Morocco's domestic municipal bond market with the issuance of the first bond by a Region and the second by a local authority in Morocco.European Bank for Reconstruction and DevelopmentREGION OF CASABLANCA-SETTATEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCASABLANCA33.58831 -7.6113837312538.31REGION OF CASABLANCA-SETTAT37312538.31REGION OF CASABLANCA-SETTATSTATESTATESTATESTATEProvision of up to MAD 400 million (EUR 37 million equivalent) investment in favour of the region of Casablanca-Settat (the region), one of the major regions of Morocco and a key driver of the Moroccan economy. The investment will entail the subscription to a local currency senior unsecured bond for up to MAD 1 billion (EUR 93 million equivalent) through a private placement. The bond proceeds will fund strategic investments falling under the region's Regional Development Plan (the PDR). The issuance will further contribute to the creation of Morocco's domestic municipal bond market with the issuance of the first bond by a Region and the second by a local authority in Morocco. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56315XI-IATI-EBRD-56948European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to EGP 600 million (ca. USD 12.7 million) in favour of U Consumer Finance (the "Company" or "ValU") for green investments in Egypt. The loan will facilitate investments in green, eligible technologies aimed at climate change mitigation for individuals. The aim is to expand green consumer finance lending to retail customers by improving access to financing for climate-resilient products and environmentally friendly technologies. The loan will focus on projects in the residential sector and electric vehicles that enhance energy efficiency, promote small-scale renewable energy adoption, and support the deployment of eligible technologies as listed in the EBRD Green Technology Selector (GTS), contributing to a sustainable, low-carbon emissions pathway.European Bank for Reconstruction and DevelopmentU CONSUMER FINANCE SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.249675334785.725334785.72U CONSUMER FINANCE SAEPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to EGP 600 million (ca. USD 12.7 million) in favour of U Consumer Finance (the "Company" or "ValU") for green investments in Egypt. The loan will facilitate investments in green, eligible technologies aimed at climate change mitigation for individuals. The aim is to expand green consumer finance lending to retail customers by improving access to financing for climate-resilient products and environmentally friendly technologies. The loan will focus on projects in the residential sector and electric vehicles that enhance energy efficiency, promote small-scale renewable energy adoption, and support the deployment of eligible technologies as listed in the EBRD Green Technology Selector (GTS), contributing to a sustainable, low-carbon emissions pathway. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56948XI-IATI-EBRD-49075European Bank for Reconstruction and DevelopmentProvision of a sovereign loan to Montenegro for the benefit of the Transport Administration ("TA"), former Transport Directorate of the Ministry of Capital Investments ("MoCI"), former Transport and Maritime Affairs of Montenegro). The loan will be divided into three tranches. Tranche A in the amount EUR 10 million will finance the construction works and works supervision for the rehabilitation of the Rozaje - Špiljani road section. Each of Tranche B and Tranche C in the amount of EUR 15 million will finance the construction works and works supervision for the rehabilitation and upgrade of the Danilovgrad - Podgorica road section and Tivat - Jaz road section This Project consists of 3 components. Section 1: Rozaje - Špiljani road rehabilitation was Board approved on 1 Nov 2017, signed on 7 December 2017 and finished in Q3 2024; Section 2: Danilovgrad - Podgorica road section reconstruction and widening was approved and committed on 13 Dec 2019 and finished in Q2 2022. Section 3: Tivat - Jaz road section reconstruction and widening was approved in Q2 2021, while it is to be finished in Q2 2026. From the environmental and social perspective, the three road sections have been categorised by the Bank as follows: Rozaje - Spiljane road section is Category B, while Tivat - Jaz and Danilovgrad - Podgorica road sections are both Category A. The Project is part of a wider programme to rehabilitate twelve main road sections, with a total length of approximately 216.3 km, of Montenegro's main roads network, which will be parallel-financed with the European Investment Bank (EIB). - Support of Montenegro's economic development and contribution to its cross-border integration by improving connectivity between its main cities and between Montenegro and neighbouring Serbia. - Improvement of the road infrastructure and services between Tivat Airport and the country's main tourist destinations near the city of Budva on the Adriatic coast, facilitating the flow of goods and domestic and international tourists, and reducing transportation costs.European Bank for Reconstruction and DevelopmentMONTENEGRO SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTIVAT42.40556 18.653061480782.6740000000MONTENEGRO SOVEREIGN100000MONTENEGRO SOVEREIGN150000MONTENEGRO SOVEREIGN2398585.31MONTENEGRO SOVEREIGN1918506.47MONTENEGRO SOVEREIGN150000MONTENEGRO SOVEREIGN772730.77MONTENEGRO SOVEREIGN1246626.04MONTENEGRO SOVEREIGN762469.53MONTENEGRO SOVEREIGN50662MONTENEGRO SOVEREIGN1099202.17MONTENEGRO SOVEREIGN687431.97MONTENEGRO SOVEREIGN267885.62MONTENEGRO SOVEREIGN456653.37MONTENEGRO SOVEREIGN636916.1MONTENEGRO SOVEREIGN137061MONTENEGRO SOVEREIGN661501.74MONTENEGRO SOVEREIGN405368.81MONTENEGRO SOVEREIGN566216.92MONTENEGRO SOVEREIGN1368774.28MONTENEGRO SOVEREIGN137526MONTENEGRO SOVEREIGN150000MONTENEGRO SOVEREIGN674484.5MONTENEGRO SOVEREIGN860449.06MONTENEGRO SOVEREIGN1202093.84MONTENEGRO SOVEREIGN1872407.02MONTENEGRO SOVEREIGN751916.91MONTENEGRO SOVEREIGN1127384.74MONTENEGRO SOVEREIGN874138.23MONTENEGRO SOVEREIGN154459MONTENEGRO SOVEREIGN714361.17MONTENEGRO SOVEREIGN109862MONTENEGRO SOVEREIGN1069616.4MONTENEGRO SOVEREIGN666519.15MONTENEGRO SOVEREIGN830204.1MONTENEGRO SOVEREIGN3505.77MONTENEGRO SOVEREIGN4294290.8MONTENEGRO SOVEREIGN725835.51MONTENEGRO SOVEREIGN565295.06MONTENEGRO SOVEREIGN560125.22MONTENEGRO SOVEREIGN669035.99MONTENEGRO SOVEREIGN320068.65MONTENEGRO SOVEREIGN320377.36MONTENEGRO SOVEREIGN546638.48MONTENEGRO SOVEREIGN482859.16MONTENEGRO SOVEREIGN114480.01MONTENEGRO SOVEREIGN1946757.91MONTENEGRO SOVEREIGN1449692MONTENEGRO SOVEREIGN552912.33MONTENEGRO SOVEREIGN755349.49MONTENEGRO SOVEREIGN179979.37MONTENEGRO SOVEREIGNSTATESTATESTATESTATEProvision of a sovereign loan to Montenegro for the benefit of the Transport Administration ("TA"), former Transport Directorate of the Ministry of Capital Investments ("MoCI"), former Transport and Maritime Affairs of Montenegro). The loan will be divided into three tranches. Tranche A in the amount EUR 10 million will finance the construction works and works supervision for the rehabilitation of the Rozaje - Špiljani road section. Each of Tranche B and Tranche C in the amount of EUR 15 million will finance the construction works and works supervision for the rehabilitation and upgrade of the Danilovgrad - Podgorica road section and Tivat - Jaz road section This Project consists of 3 components. Section 1: Rozaje - Špiljani road rehabilitation was Board approved on 1 Nov 2017, signed on 7 December 2017 and finished in Q3 2024; Section 2: Danilovgrad - Podgorica road section reconstruction and widening was approved and committed on 13 Dec 2019 and finished in Q2 2022. Section 3: Tivat - Jaz road section reconstruction and widening was approved in Q2 2021, while it is to be finished in Q2 2026. From the environmental and social perspective, the three road sections have been categorised by the Bank as follows: Rozaje - Spiljane road section is Category B, while Tivat - Jaz and Danilovgrad - Podgorica road sections are both Category A. The Project is part of a wider programme to rehabilitate twelve main road sections, with a total length of approximately 216.3 km, of Montenegro's main roads network, which will be parallel-financed with the European Investment Bank (EIB). - Support of Montenegro's economic development and contribution to its cross-border integration by improving connectivity between its main cities and between Montenegro and neighbouring Serbia. - Improvement of the road infrastructure and services between Tivat Airport and the country's main tourist destinations near the city of Budva on the Adriatic coast, facilitating the flow of goods and domestic and international tourists, and reducing transportation costs. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49075XI-IATI-EBRD-48773European Bank for Reconstruction and DevelopmentA loan of up to RON 112,500,000 to the City of Constanta for the acquisition of up to 120 new EURO-VI standard compliant buses. The project aims to improve the daily mobility of citizens and reduce pollution, in line with the city's Sustainable Urban Mobility Plan which focuses on the modernisation of the public transport system.European Bank for Reconstruction and DevelopmentCITY OF CONSTANTAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCONSTANTA44.18073 28.634320.0819087448.19CITY OF CONSTANTA4723939.4CITY OF CONSTANTA1816899.81CITY OF CONSTANTA1816899.81CITY OF CONSTANTA1816899.81CITY OF CONSTANTA1816899.8CITY OF CONSTANTA2180279.9CITY OF CONSTANTA1588317.4CITY OF CONSTANTASTATESTATESTATESTATEA loan of up to RON 112,500,000 to the City of Constanta for the acquisition of up to 120 new EURO-VI standard compliant buses. The project aims to improve the daily mobility of citizens and reduce pollution, in line with the city's Sustainable Urban Mobility Plan which focuses on the modernisation of the public transport system. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48773XI-IATI-EBRD-56696European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan to Credit du Maroc ("CDM"), of up to EUR 40 million or equivalent in MAD, as part of a EUR 65m "GEFF +" Package (including also up to EUR 25 million or equivalent in MAD GEFF III loan). Up to EUR 3.2 million is expected to be co-financed by Canada through the multi-donor fund High-Impact Partnership on Climate Action ("HIPCA Canada"). A comprehensive Technical Cooperation support for this operation will be funded by the European Union as part of the Morocco Decarbonisation and Climate Resilience ("MDCR"). The proceeds of the loan will be used by CDM for on-lending to private companies to finance their climate change mitigation and adaptation investments. The project will promote a green economy in Morocco by supporting eligible private sector Corporates implementing mid-size climate-resilient investments. The project will specifically target, among other things: mid-size renewable energy investments, mid-size industrial energy efficiency projects (such as energy efficiency upgrading of industrial sites), green buildings, eligible private sector investments in the municipal infrastructure sector, as well as climate adaptation projects (such as wastewater treatment or water desalination) and circular economy investments.European Bank for Reconstruction and DevelopmentCREDIT DU MAROCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCASABLANCA33.58831 -7.6113813800000CREDIT DU MAROCPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan to Credit du Maroc ("CDM"), of up to EUR 40 million or equivalent in MAD, as part of a EUR 65m "GEFF +" Package (including also up to EUR 25 million or equivalent in MAD GEFF III loan). Up to EUR 3.2 million is expected to be co-financed by Canada through the multi-donor fund High-Impact Partnership on Climate Action ("HIPCA Canada"). A comprehensive Technical Cooperation support for this operation will be funded by the European Union as part of the Morocco Decarbonisation and Climate Resilience ("MDCR"). The proceeds of the loan will be used by CDM for on-lending to private companies to finance their climate change mitigation and adaptation investments. The project will promote a green economy in Morocco by supporting eligible private sector Corporates implementing mid-size climate-resilient investments. The project will specifically target, among other things: mid-size renewable energy investments, mid-size industrial energy efficiency projects (such as energy efficiency upgrading of industrial sites), green buildings, eligible private sector investments in the municipal infrastructure sector, as well as climate adaptation projects (such as wastewater treatment or water desalination) and circular economy investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56696XI-IATI-EBRD-54499European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to USD 100 million to Banque Misr S.A.E ("BM") under the Financial Intermediaries Framework ("FIF"), to be on-lent to eligible micro, small, and medium enterprises ("MSMEs"). The EBRD loan will support BM's lending activities and expand access to finance for the underserved MSME segment.European Bank for Reconstruction and DevelopmentBANQUE MISR SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496787542677.06BANQUE MISR SAEPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to USD 100 million to Banque Misr S.A.E ("BM") under the Financial Intermediaries Framework ("FIF"), to be on-lent to eligible micro, small, and medium enterprises ("MSMEs"). The EBRD loan will support BM's lending activities and expand access to finance for the underserved MSME segment. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54499XI-IATI-EBRD-49463European Bank for Reconstruction and DevelopmentFollowing the decision of MIDF's (Municipal Infrastructure Development Fund) shareholders to wind down the Fund's operations, EBRD is assuming MIDF's funded risk participation ("Facility") with Komercijalna Banka ("KB") to provide up to EUR 5 million to fund municipal infrastructure projects in FYR Macedonia on a 50/50 basis with KB. The Project will demonstrate the Bank's support for MIDF's existing investments as well as new municipal investments in FYR Macedonia. The Facility will enable the Bank to provide financing to small and medium sized municipalities that have significant investments needs, but limited access to financing and poor capacity for preparing good quality projects. Grant financed TC will be provided to facilitate project preparation as well as for subsequent project implementation with an aim to develop the commercial sustainability and institutional capabilities of the municipal borrowers.European Bank for Reconstruction and DevelopmentMUNICIPALITY OF CENTAREuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.431412413000MUNICIPALITY OF CENTAR507686MUNICIPALITY OF CENTAR316600MUNICIPALITY OF CENTAR256900MUNICIPALITY OF CENTAR198290MUNICIPALITY OF CENTAR171600MUNICIPALITY OF CENTAR190000MUNICIPALITY OF CENTAR160000MUNICIPALITY OF CENTAR371000MUNICIPALITY OF CENTAR240924MUNICIPALITY OF CENTARSTATESTATESTATESTATEFollowing the decision of MIDF's (Municipal Infrastructure Development Fund) shareholders to wind down the Fund's operations, EBRD is assuming MIDF's funded risk participation ("Facility") with Komercijalna Banka ("KB") to provide up to EUR 5 million to fund municipal infrastructure projects in FYR Macedonia on a 50/50 basis with KB. The Project will demonstrate the Bank's support for MIDF's existing investments as well as new municipal investments in FYR Macedonia. The Facility will enable the Bank to provide financing to small and medium sized municipalities that have significant investments needs, but limited access to financing and poor capacity for preparing good quality projects. Grant financed TC will be provided to facilitate project preparation as well as for subsequent project implementation with an aim to develop the commercial sustainability and institutional capabilities of the municipal borrowers. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49463XI-IATI-EBRD-55819European Bank for Reconstruction and DevelopmentPortfolio Risk Sharing ("PRS") in the form of an unfunded portfolio guarantee of up to €50 million provided by the Bank in favour of ProCredit Bank AD Belgrade ("PCBB"). The guarantee will cover up to 50% of the credit risk on a pro rata basis on the newly-generated micro, small and medium-sized entreprise ("MSME") loan portfolio of up to €100 million originated by PCBB. The product aims to release PCBB's risk-taking capacity to boost on-lending to MSMEs, addressing an MSME financing gap in the market.European Bank for Reconstruction and DevelopmentPROCREDIT BANK AD BELGRADEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.465135000000050000000PROCREDIT BANK AD BELGRADEPRIVATEPRIVATEPRIVATEPortfolio Risk Sharing ("PRS") in the form of an unfunded portfolio guarantee of up to €50 million provided by the Bank in favour of ProCredit Bank AD Belgrade ("PCBB"). The guarantee will cover up to 50% of the credit risk on a pro rata basis on the newly-generated micro, small and medium-sized entreprise ("MSME") loan portfolio of up to €100 million originated by PCBB. The product aims to release PCBB's risk-taking capacity to boost on-lending to MSMEs, addressing an MSME financing gap in the market. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55819XI-IATI-EBRD-47454European Bank for Reconstruction and DevelopmentThe EBRD is providing a senior loan of up to EUR 65 million to LLP 'Astana LRT', a municipal urban transport company. The EBRD loan will be used to procure up to 200 modern low-floor city buses. Null ValueEuropean Bank for Reconstruction and DevelopmentCITY TRANSPORTATION SYSTEMS LLPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGNUR-SULTAN51.1801 71.4459853162970.65CITY TRANSPORTATION SYSTEMS LLP13000000CITY TRANSPORTATION SYSTEMS LLP13000000CITY TRANSPORTATION SYSTEMS LLP6063013.62CITY TRANSPORTATION SYSTEMS LLP13974748.99CITY TRANSPORTATION SYSTEMS LLP7125208.05CITY TRANSPORTATION SYSTEMS LLPSTATESTATESTATESTATEThe EBRD is providing a senior loan of up to EUR 65 million to LLP 'Astana LRT', a municipal urban transport company. The EBRD loan will be used to procure up to 200 modern low-floor city buses. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47454XI-IATI-EBRD-56680European Bank for Reconstruction and DevelopmentRG Brands Kazakhstan LLP is the leading regional beverage producer, incorporated in Kazakhstan. The transaction envisages the provision of a long-term secured loan of up to € 21 million to RG Brands Kazakhstan LLP. The loan proceeds will be utilised to (i) finance capital expenditure programme, including green capital expenditure and (ii) finance working capital needs.European Bank for Reconstruction and DevelopmentRG BRANDS KAZAKHSTAN LLPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGALMATY43.25667 76.9286121380985.73RG BRANDS KAZAKHSTAN LLPPRIVATEPRIVATEPRIVATERG Brands Kazakhstan LLP is the leading regional beverage producer, incorporated in Kazakhstan. The transaction envisages the provision of a long-term secured loan of up to € 21 million to RG Brands Kazakhstan LLP. The loan proceeds will be utilised to (i) finance capital expenditure programme, including green capital expenditure and (ii) finance working capital needs. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56680XI-IATI-EBRD-53958European Bank for Reconstruction and DevelopmentThe provision of a sovereign-guaranteed loan of up to KZT 47.7 billion (€ 95.3 million) for the benefit of the Aqtobe Su-Energy Group JSC to modernise wastewater (WW) treatment facilities in the city of Aktobe. The loan will be used to finance the construction of a new wastewater treatment plant (WWTP) with an average capacity of 100,000 m3 per day, including sludge treatment facility with biogas fuelled heat and electricity generation unit. The project's main objective is to improve the quality of treated wastewater to meet the national and the EU standards. The project will be implemented in line with the national and the EU standards for urban wastewater treatment, the EU requirements for sewage sludge management, the EU BAT and EU taxonomy requirements for such facilities. Once implemented, the project will also lead to a substantially reduced level of odour and greenhouse has (GHG) emissions associated with WW treatment operation.European Bank for Reconstruction and DevelopmentAQTOBE SU-ENERGY GROUP JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGAKTOBE50.27969 57.2071863648000.9885746975.47AQTOBE SU-ENERGY GROUP JSC857469.75AQTOBE SU-ENERGY GROUP JSC6995151.47AQTOBE SU-ENERGY GROUP JSCSTATESTATESTATESTATEThe provision of a sovereign-guaranteed loan of up to KZT 47.7 billion (€ 95.3 million) for the benefit of the Aqtobe Su-Energy Group JSC to modernise wastewater (WW) treatment facilities in the city of Aktobe. The loan will be used to finance the construction of a new wastewater treatment plant (WWTP) with an average capacity of 100,000 m3 per day, including sludge treatment facility with biogas fuelled heat and electricity generation unit. The project's main objective is to improve the quality of treated wastewater to meet the national and the EU standards. The project will be implemented in line with the national and the EU standards for urban wastewater treatment, the EU requirements for sewage sludge management, the EU BAT and EU taxonomy requirements for such facilities. Once implemented, the project will also lead to a substantially reduced level of odour and greenhouse has (GHG) emissions associated with WW treatment operation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53958XI-IATI-EBRD-54057European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 3 million, provided in one single tranche, to NLB Pristina for on-lending to eligible women-led MSMEs under the Western Balkans Women in Business Programme Phase II ("WB WiBP II"). The proceeds will be used to finance eligible women-led MSMEs in accordance with the WB WiBP II Policy Statement.European Bank for Reconstruction and DevelopmentNLB BANKA SHAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRISTINA42.67272 21.166883000000NLB BANKA SHAPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 3 million, provided in one single tranche, to NLB Pristina for on-lending to eligible women-led MSMEs under the Western Balkans Women in Business Programme Phase II ("WB WiBP II"). The proceeds will be used to finance eligible women-led MSMEs in accordance with the WB WiBP II Policy Statement. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54057XI-IATI-EBRD-53877European Bank for Reconstruction and DevelopmentProvision of a three-year senior unsecured loan of RON 246 million to UniCredit Bank SA, Romania, for on-lending to eligible companies in Romania which have been directly or indirectly impacted by economic spill-over effects of the war on Ukraine. The Facility will enhance the lending capacity of UniCredit Bank SA, a Romanian bank of systemic importance, and will be channelled for on-lending to businesses in Romania that have been directly or indirectly affected by economic consequences of the war on Ukraine through supply-chain disruptions and other shocks, with the ultimate goal of preserving livelihoods in the country.European Bank for Reconstruction and DevelopmentUNICREDIT BANK SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUCHAREST44.43225 26.1062646955122.55UNICREDIT BANK SAPRIVATEPRIVATEPRIVATEProvision of a three-year senior unsecured loan of RON 246 million to UniCredit Bank SA, Romania, for on-lending to eligible companies in Romania which have been directly or indirectly impacted by economic spill-over effects of the war on Ukraine. The Facility will enhance the lending capacity of UniCredit Bank SA, a Romanian bank of systemic importance, and will be channelled for on-lending to businesses in Romania that have been directly or indirectly affected by economic consequences of the war on Ukraine through supply-chain disruptions and other shocks, with the ultimate goal of preserving livelihoods in the country. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53877XI-IATI-EBRD-51557European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to EUR 5.0m under the Regional SME Competitiveness Support Programme ("CSP") in two tranches of EUR 3.0m and EUR 2.0m (2nd tranche uncommitted). Tenor: up to 5 years maturity (consisting of 1year grace and 4 years for principal repayment). This project was approved in the context of the Bank's response to the COVID-19 pandemic. To avoid delays to the delivery of this project, the Bank's President granted a deviation from the ordinary timelines for PSD disclosure, as contemplated by Section V of theDirective on Access to Information. Details of the Bank's response to COVID-19, and this deviation, can be found on our website. Supporting investments in small and medium-sized enterprises (SMEs) to upgrade production facilities and comply with various EU Directives in the field of environmental protection, workers' safety and product quality and safety. The investments will be selected based on the technical and financial eligibility criteria set forth in the Policy Statement. Support to SMEs is tailored as a combination of access to finance with TC and non-TC assistance. At least 60% of the use of proceeds will be related to Green Economy Transition ("GET") investments.European Bank for Reconstruction and DevelopmentNLB BANKA AD SKOPJEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.431415000000NLB BANKA AD SKOPJEPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to EUR 5.0m under the Regional SME Competitiveness Support Programme ("CSP") in two tranches of EUR 3.0m and EUR 2.0m (2nd tranche uncommitted). Tenor: up to 5 years maturity (consisting of 1year grace and 4 years for principal repayment). This project was approved in the context of the Bank's response to the COVID-19 pandemic. To avoid delays to the delivery of this project, the Bank's President granted a deviation from the ordinary timelines for PSD disclosure, as contemplated by Section V of theDirective on Access to Information. Details of the Bank's response to COVID-19, and this deviation, can be found on our website. Supporting investments in small and medium-sized enterprises (SMEs) to upgrade production facilities and comply with various EU Directives in the field of environmental protection, workers' safety and product quality and safety. The investments will be selected based on the technical and financial eligibility criteria set forth in the Policy Statement. Support to SMEs is tailored as a combination of access to finance with TC and non-TC assistance. At least 60% of the use of proceeds will be related to Green Economy Transition ("GET") investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51557XI-IATI-EBRD-53961European Bank for Reconstruction and DevelopmentThe provision of a €100 million long-term senior unsecured loan in five equal tranches to Unicredit Bank Serbia (UCB) for on-lending to small and medium-sized enterprises (SMEs) in Serbia. The loan is extended under the EBRD Financial Intermediaries Framework (FIF) and UCB will have an option to choose the currency of each loan tranche (€ or RSD) prior to the disbursement. The loan is intended to facilitate the expansion of lending to private businesses through working capital lines and investment loans, including to enterprises operating in less economicallydeveloped regions of the country. Furthermore, the transaction supports UCB's growth strategy and provides a source of medium term local currency funding. Also, the bank will develop a transition plan as defined in the EBRD's Paris Alignment Methodology for indirect finance.European Bank for Reconstruction and DevelopmentUNICREDIT BANK SERBIA JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.46513100000000UNICREDIT BANK SERBIA JSCPRIVATEPRIVATEPRIVATEThe provision of a €100 million long-term senior unsecured loan in five equal tranches to Unicredit Bank Serbia (UCB) for on-lending to small and medium-sized enterprises (SMEs) in Serbia. The loan is extended under the EBRD Financial Intermediaries Framework (FIF) and UCB will have an option to choose the currency of each loan tranche (€ or RSD) prior to the disbursement. The loan is intended to facilitate the expansion of lending to private businesses through working capital lines and investment loans, including to enterprises operating in less economicallydeveloped regions of the country. Furthermore, the transaction supports UCB's growth strategy and provides a source of medium term local currency funding. Also, the bank will develop a transition plan as defined in the EBRD's Paris Alignment Methodology for indirect finance. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53961XI-IATI-EBRD-55993European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to €4 million to be provided in one single tranche under the FIF - Go Digital in the Western Balkans Programme (the "Programme"). The transaction will support the aim of the Programme to: (i) advance innovation and competitiveness of the private sector via targeted investments and increased awareness-raising among SMEs for a higher utilisation of digitalisation and automation technologies; (ii) support transition to green economy ("GET technologies"); (iii) increase the capacity and trade potential of SMEs via increased access to finance to allow them to invest additional resources to introduce EU standards; and (iv) promote more equitable access to finance for automation and digitalisation investments for women-led SMEs, and improve the competitiveness and sustainability of end-benecifiaries' business operations.European Bank for Reconstruction and DevelopmentSPARKASSE BANK AD SKOPJEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.431414000000SPARKASSE BANK AD SKOPJEPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to €4 million to be provided in one single tranche under the FIF - Go Digital in the Western Balkans Programme (the "Programme"). The transaction will support the aim of the Programme to: (i) advance innovation and competitiveness of the private sector via targeted investments and increased awareness-raising among SMEs for a higher utilisation of digitalisation and automation technologies; (ii) support transition to green economy ("GET technologies"); (iii) increase the capacity and trade potential of SMEs via increased access to finance to allow them to invest additional resources to introduce EU standards; and (iv) promote more equitable access to finance for automation and digitalisation investments for women-led SMEs, and improve the competitiveness and sustainability of end-benecifiaries' business operations. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55993XI-IATI-EBRD-54582European Bank for Reconstruction and DevelopmentIn October 2023, EBRD provided a USD 50 million two-year working capital loan (the "Loan") to United Metals Company (the "Borrower" or the "Company") to support the Company's working capital needs. Additionally, EBRD signed in April 2025 an additional commitment of USD 20 million to support the Company's additional working capital needs. The Loan will support the working capital requirements of the Borrower and provide the required foreign currency for the import of its key production input. Foreign currency is currently scarce in the local market; accordingly, the EBRD loan will be enhancing the Borrower's foreign currency liquidity hence its financial resilience.European Bank for Reconstruction and DevelopmentUNITED METALS COMPANYEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496783165543.2UNITED METALS COMPANYPRIVATEPRIVATEPRIVATEIn October 2023, EBRD provided a USD 50 million two-year working capital loan (the "Loan") to United Metals Company (the "Borrower" or the "Company") to support the Company's working capital needs. Additionally, EBRD signed in April 2025 an additional commitment of USD 20 million to support the Company's additional working capital needs. The Loan will support the working capital requirements of the Borrower and provide the required foreign currency for the import of its key production input. Foreign currency is currently scarce in the local market; accordingly, the EBRD loan will be enhancing the Borrower's foreign currency liquidity hence its financial resilience. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54582XI-IATI-EBRD-55276European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan in the amount of up to €7 million in a single tranche to Banca Intesa Beograd ("BIB"), for on-lending to eligible women-led SMEs in line with the criteria under Western Balkans Women in Business Programme Phase II ("WB WiBP II"). The project will contribute to women's economic inclusion by supporting women-led SMEs' access to finance and business advisory services.European Bank for Reconstruction and DevelopmentBANCA INTESA AD BEOGRADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.465137000000BANCA INTESA AD BEOGRADPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan in the amount of up to €7 million in a single tranche to Banca Intesa Beograd ("BIB"), for on-lending to eligible women-led SMEs in line with the criteria under Western Balkans Women in Business Programme Phase II ("WB WiBP II"). The project will contribute to women's economic inclusion by supporting women-led SMEs' access to finance and business advisory services. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55276XI-IATI-EBRD-47798European Bank for Reconstruction and DevelopmentSenior debt financing of up to USD 29 million (EUR 27 million equivalent) to finance the construction of a 50 MW solar photovoltaic plant located in the proposed 1.8 GW Benban solar complex in the Aswan province of Egypt (the "Project"). The Project will be one of the first utility scale solar plants in Egypt and will support the country in increasing its renewable energy capacity. The Project is part of a larger portfolio of two 50 MW plants developed in Benban by the same group of lead sponsors. The Project will be developed under the programme implemented by the Egyptian government offering feed-in tariffs to projects of up to 50 MW capacity to stimulate private investment in over 4 GW of wind and solar power. This scheme aims to support Egypt to move to a more environmentally sustainable and diverse electricity sector by exploiting the country's vast renewable energy potential. It is expected to improve the environmental characteristics of Egypt's power sector by reducing emissions of local pollutants and CO2, as well as water consumption.European Bank for Reconstruction and DevelopmentACCESS BUILDING ENERGY SOLAR ONE SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496724437510.29ACCESS BUILDING ENERGY SOLAR ONE SAEPRIVATEPRIVATEPRIVATESenior debt financing of up to USD 29 million (EUR 27 million equivalent) to finance the construction of a 50 MW solar photovoltaic plant located in the proposed 1.8 GW Benban solar complex in the Aswan province of Egypt (the "Project"). The Project will be one of the first utility scale solar plants in Egypt and will support the country in increasing its renewable energy capacity. The Project is part of a larger portfolio of two 50 MW plants developed in Benban by the same group of lead sponsors. The Project will be developed under the programme implemented by the Egyptian government offering feed-in tariffs to projects of up to 50 MW capacity to stimulate private investment in over 4 GW of wind and solar power. This scheme aims to support Egypt to move to a more environmentally sustainable and diverse electricity sector by exploiting the country's vast renewable energy potential. It is expected to improve the environmental characteristics of Egypt's power sector by reducing emissions of local pollutants and CO2, as well as water consumption. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47798XI-IATI-EBRD-53838European Bank for Reconstruction and DevelopmentProvision of a sovereign loan of up to EUR 7 million to the state of Bosnia and Herzegovina, to be on-lent to the Municipality of Pale (the "Municipality") through Republika Srpska ("RS") and to be implemented by the municipally-owned district heating company, Gradske Toplane Pale (the "Company"). EBRD's financing will be complemented by an investment grant in the amount of up to EUR 3 million from Switzerland's State Secretariat for Economic Affairs ("SECO"). The proceeds of the loan will be used to finance part of the modernisation programme for the district heating ("DH") system of the Municipality of Pale (the "Project"). The Project will consist of the following components: (i) the construction of a new boiler house with the acquisition of a 10MW biomass boiler, a 10MW back-up natural gas boiler and two 100 m3 heat accumulation tanks; (ii) the replacement of the existing pipeline network as well as the installation of a central seasonal storage and heat substations with monitoring and forecasting systems; and (iii) acquisition of relevant goods and equipment (chip shredder, tractor etc). The Project aims at significantly improving the operational efficiency of the municipality's district heating system while reducing air pollution resulting from the activity. The Project will also contribute to improving the Company's corporate governance practices and the district heating sector in the country.European Bank for Reconstruction and DevelopmentBOSNIA AND HERZEGOVINA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.3564469300007000000BOSNIA AND HERZEGOVINA SOVEREIGN70000BOSNIA AND HERZEGOVINA SOVEREIGNSTATESTATESTATESTATEProvision of a sovereign loan of up to EUR 7 million to the state of Bosnia and Herzegovina, to be on-lent to the Municipality of Pale (the "Municipality") through Republika Srpska ("RS") and to be implemented by the municipally-owned district heating company, Gradske Toplane Pale (the "Company"). EBRD's financing will be complemented by an investment grant in the amount of up to EUR 3 million from Switzerland's State Secretariat for Economic Affairs ("SECO"). The proceeds of the loan will be used to finance part of the modernisation programme for the district heating ("DH") system of the Municipality of Pale (the "Project"). The Project will consist of the following components: (i) the construction of a new boiler house with the acquisition of a 10MW biomass boiler, a 10MW back-up natural gas boiler and two 100 m3 heat accumulation tanks; (ii) the replacement of the existing pipeline network as well as the installation of a central seasonal storage and heat substations with monitoring and forecasting systems; and (iii) acquisition of relevant goods and equipment (chip shredder, tractor etc). The Project aims at significantly improving the operational efficiency of the municipality's district heating system while reducing air pollution resulting from the activity. The Project will also contribute to improving the Company's corporate governance practices and the district heating sector in the country. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53838XI-IATI-EBRD-56761European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 4.5 million to be made available in three equal tranches to Banka per Biznes (BpB) under the Western Balkans Youth in Business (WB YiB) Programme. The loan proceeds will be used for on-lending to eligible micro, small and medium-sized enterprises (MSMEs) whose overall operational management responsibility or majority ownership is held by one or more entrepreneurs under the age of 35 in Kosovo in accordance with the Policy Statement.European Bank for Reconstruction and DevelopmentBANKA PER BIZNES SHAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRISTINA42.67272 21.166881500000BANKA PER BIZNES SHAPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 4.5 million to be made available in three equal tranches to Banka per Biznes (BpB) under the Western Balkans Youth in Business (WB YiB) Programme. The loan proceeds will be used for on-lending to eligible micro, small and medium-sized enterprises (MSMEs) whose overall operational management responsibility or majority ownership is held by one or more entrepreneurs under the age of 35 in Kosovo in accordance with the Policy Statement. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56761XI-IATI-EBRD-52545European Bank for Reconstruction and DevelopmentPtovision of up a senior unsecured loan of up to to RSD 1.2 billion to Erste Bank Serbia ("EBS") for on-lending to the residential sector in Serbia. The loan will enable EBS to continue extending financing to the residential sector and promote green economy investments in the country. The loan is envisaged under the Western Balkans Green Economy Financing Facility II ("WB GEFF II"). The loan will support investments in high-performance green technologies, materials and solutions undertaken in privately-owned residential dwellings or buildings. 100 per cent of the use of the proceeds will be related to Green Economy Transition ("GET") investments.European Bank for Reconstruction and DevelopmentERSTE BANK AD NOVI SADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGNOVI SAD45.25167 19.8369410223962.28ERSTE BANK AD NOVI SADPRIVATEPRIVATEPRIVATEPtovision of up a senior unsecured loan of up to to RSD 1.2 billion to Erste Bank Serbia ("EBS") for on-lending to the residential sector in Serbia. The loan will enable EBS to continue extending financing to the residential sector and promote green economy investments in the country. The loan is envisaged under the Western Balkans Green Economy Financing Facility II ("WB GEFF II"). The loan will support investments in high-performance green technologies, materials and solutions undertaken in privately-owned residential dwellings or buildings. 100 per cent of the use of the proceeds will be related to Green Economy Transition ("GET") investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52545XI-IATI-EBRD-54044European Bank for Reconstruction and DevelopmentProvision of an equity investment for the full acquisition of Tamweely for Microfinance (TW) alongside a consortium of investors made up of EBRD, SPE Capital, Tanmiya Capital Ventures (TCV), and British International Investment (BII). The project entails a full divestment by Egyptian State affiliates of one of the fastest growing microfinance institutions (MFIs) in Egypt. The company will benefit from strengthened governance, in full alignment with regional standards and international best practice. The EBRD will also, alongside its co-investors, support TW's plans to grow its existing microfinance portfolio and expand into new products such as SME finance. The project will facilitate access to finance for private sector businesses, including MSMEs, which remain underserved in the Egyptian market, and generally increase the reach of TW for underserved segments by incorporating a significant gender angle.European Bank for Reconstruction and DevelopmentTURIN EGYPTEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496715844719.55TURIN EGYPTPRIVATEPRIVATEPRIVATEProvision of an equity investment for the full acquisition of Tamweely for Microfinance (TW) alongside a consortium of investors made up of EBRD, SPE Capital, Tanmiya Capital Ventures (TCV), and British International Investment (BII). The project entails a full divestment by Egyptian State affiliates of one of the fastest growing microfinance institutions (MFIs) in Egypt. The company will benefit from strengthened governance, in full alignment with regional standards and international best practice. The EBRD will also, alongside its co-investors, support TW's plans to grow its existing microfinance portfolio and expand into new products such as SME finance. The project will facilitate access to finance for private sector businesses, including MSMEs, which remain underserved in the Egyptian market, and generally increase the reach of TW for underserved segments by incorporating a significant gender angle. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54044XI-IATI-EBRD-53568European Bank for Reconstruction and DevelopmentProvision of a subordinated loan to Bank al Etihad of up to USD 35 million equivalent in JOD, including; (i) up to USD 25 million, to support eligible businesses and individuals in Jordan (Tranche A), and (ii) up to USD 10 million for on-lending to women-led SMEs (Tranche B). The project will support Bank al Etihad in its on-lending activity to (i) eligible businesses and individuals; and (ii) eligible private local women-led SMEs; piloting EBRD's Women in Business programme in Jordan. The loan will allow Bank al Etihad to strengthen its Tier two capital and optimize its capital structure. Also, the bank will develop a transition plan as defined in the EBRD's Paris alignment methodology for indirect finance.European Bank for Reconstruction and DevelopmentBANK AL-ETIHADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGAMMAN31.95522 35.9450321885669.26BANK AL-ETIHADPRIVATEPRIVATEPRIVATEProvision of a subordinated loan to Bank al Etihad of up to USD 35 million equivalent in JOD, including; (i) up to USD 25 million, to support eligible businesses and individuals in Jordan (Tranche A), and (ii) up to USD 10 million for on-lending to women-led SMEs (Tranche B). The project will support Bank al Etihad in its on-lending activity to (i) eligible businesses and individuals; and (ii) eligible private local women-led SMEs; piloting EBRD's Women in Business programme in Jordan. The loan will allow Bank al Etihad to strengthen its Tier two capital and optimize its capital structure. Also, the bank will develop a transition plan as defined in the EBRD's Paris alignment methodology for indirect finance. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53568XI-IATI-EBRD-56788European Bank for Reconstruction and DevelopmentProvision of a senior secured loan (the "Loan") of up to USD22,000,000 to Spinneys Levant Limited (the "Company"), one of the leading modern retail chains in Lebanon. The Loan will allow the Company to implement its expansion plan. In particular, the Loan will assist the Company to (i) invest in a new processing production line for fresh food related items; (ii) invest in new stores; and (iii) upgrade existing equipment to increase the energy efficiency of the operations.European Bank for Reconstruction and DevelopmentSPINNEYS LEVANT LTDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBEIRUT33.89332 35.5015717946248.817946248.8SPINNEYS LEVANT LTDPRIVATEPRIVATEPRIVATEProvision of a senior secured loan (the "Loan") of up to USD22,000,000 to Spinneys Levant Limited (the "Company"), one of the leading modern retail chains in Lebanon. The Loan will allow the Company to implement its expansion plan. In particular, the Loan will assist the Company to (i) invest in a new processing production line for fresh food related items; (ii) invest in new stores; and (iii) upgrade existing equipment to increase the energy efficiency of the operations. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56788XI-IATI-EBRD-46758European Bank for Reconstruction and DevelopmentThe provision of debt financing in an amount of up to EUR 70 million to Beo Cista Energija d.o.o Beograd, a limited liability company established with the sole purpose of operating and financing the Belgrade Solid Waste PPP project under a Design, Build, Finance, Operate, Transfer (DBFOT) scheme, and owned by consortium of Suez, Itochu and Marguerite Fund. The operation will enable the company to finance, construct and operate landfill and facilities for treatment and disposal of collected residual municipal waste generated in thirteen municipalities of the City of Belgrade for a volume of approximately 510,000 tons/year and treatment of Construction and Demolition Waste (CDW) in a volume of approximately 200,000 tons/year generated in its territory. The project envisages construction of the Energy-from-Waste Facility (EfW), CDW Facility, remediation, closing and aftercare of the existing landfill and construction of a new landfill. The current landfill site Vinca, which has been in operation since 1977, is one of the largest landfills in Europe with coverage of 70h and is reaching its maximum capacity. Vinca is a non-sanitary landfill,without lining, gas collection and leachate treatment which creates significant environmental and health risks. The project facilities should allow the city to meet the biodegradable waste landfill diversion as well as the CDW recovery objectives set by the EU Waste Framework Directive. In addition, all facilities developed under the project will be compliant with applicable EU regulations, including the Landfill Directive and the Industrial Emissions Directive.European Bank for Reconstruction and DevelopmentBEO CISTA ENERGIJA DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651372250000BEO CISTA ENERGIJA DOOPRIVATEPRIVATEPRIVATEThe provision of debt financing in an amount of up to EUR 70 million to Beo Cista Energija d.o.o Beograd, a limited liability company established with the sole purpose of operating and financing the Belgrade Solid Waste PPP project under a Design, Build, Finance, Operate, Transfer (DBFOT) scheme, and owned by consortium of Suez, Itochu and Marguerite Fund. The operation will enable the company to finance, construct and operate landfill and facilities for treatment and disposal of collected residual municipal waste generated in thirteen municipalities of the City of Belgrade for a volume of approximately 510,000 tons/year and treatment of Construction and Demolition Waste (CDW) in a volume of approximately 200,000 tons/year generated in its territory. The project envisages construction of the Energy-from-Waste Facility (EfW), CDW Facility, remediation, closing and aftercare of the existing landfill and construction of a new landfill. The current landfill site Vinca, which has been in operation since 1977, is one of the largest landfills in Europe with coverage of 70h and is reaching its maximum capacity. Vinca is a non-sanitary landfill,without lining, gas collection and leachate treatment which creates significant environmental and health risks. The project facilities should allow the city to meet the biodegradable waste landfill diversion as well as the CDW recovery objectives set by the EU Waste Framework Directive. In addition, all facilities developed under the project will be compliant with applicable EU regulations, including the Landfill Directive and the Industrial Emissions Directive. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/46758XI-IATI-EBRD-55221European Bank for Reconstruction and DevelopmentProvision of a five-year senior unsecured loan of up to EUR 10 million equivalent to ProCredit Bank SA (PCBM) under the SME Competitiveness and Inclusion Programme in the Eastern Partnership for on-lending to eligible micro, small and medium enterprises (MSMEs). The loan will be available for disbursement in Moldovan Lei or in EUR. In addition to long-term financing, eligible sub-borrowers will receive technical assistance funded by the European Union and grant support in the form of investment incentives upon the completion of their investment projects. The proposed project will enable ProCredit Bank to extend loans for investment purposes to local MSMEs, financing upgrades of technology and equipment necessary to meet EU standards in terms of product quality, health and safety measures and environmental preservation and thus will help businesses to become greener and more competitive.European Bank for Reconstruction and DevelopmentBC PROCREDIT BANK SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCHISINAU47.00556 28.85759597442.91BC PROCREDIT BANK SAPRIVATEPRIVATEPRIVATEProvision of a five-year senior unsecured loan of up to EUR 10 million equivalent to ProCredit Bank SA (PCBM) under the SME Competitiveness and Inclusion Programme in the Eastern Partnership for on-lending to eligible micro, small and medium enterprises (MSMEs). The loan will be available for disbursement in Moldovan Lei or in EUR. In addition to long-term financing, eligible sub-borrowers will receive technical assistance funded by the European Union and grant support in the form of investment incentives upon the completion of their investment projects. The proposed project will enable ProCredit Bank to extend loans for investment purposes to local MSMEs, financing upgrades of technology and equipment necessary to meet EU standards in terms of product quality, health and safety measures and environmental preservation and thus will help businesses to become greener and more competitive. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55221XI-IATI-EBRD-47530European Bank for Reconstruction and DevelopmentThe European Bank for Reconstruction and Development (EBRD) together with Aberdeen European Infrastructure Partners LP has acquired a stake in M6 Tolna Zrt, the concession company operating Hungary's M6 motorway between the cities of Dunaújváros and Szekszárd (65km). The M6 motorway is a north-south motorway in Hungary running along the Danube connecting Budapest with Pécs and continuing to the Croatian border. Through this investment, the Bank will contribute to bringing existing operating PPPs in Hungary to the next stage of their lifecycle allowing new sources of capital and more sophisticated long-term financiers to enter this market, further demonstrating that PPPs remain an effective and sustainable way of procuring infrastructure assets.European Bank for Reconstruction and DevelopmentM6 TOLNA BVEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUDAPEST47.49835 19.040454200000M6 TOLNA BV6942429.48M6 TOLNA BVPRIVATEPRIVATEPRIVATEThe European Bank for Reconstruction and Development (EBRD) together with Aberdeen European Infrastructure Partners LP has acquired a stake in M6 Tolna Zrt, the concession company operating Hungary's M6 motorway between the cities of Dunaújváros and Szekszárd (65km). The M6 motorway is a north-south motorway in Hungary running along the Danube connecting Budapest with Pécs and continuing to the Croatian border. Through this investment, the Bank will contribute to bringing existing operating PPPs in Hungary to the next stage of their lifecycle allowing new sources of capital and more sophisticated long-term financiers to enter this market, further demonstrating that PPPs remain an effective and sustainable way of procuring infrastructure assets. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47530XI-IATI-EBRD-53970European Bank for Reconstruction and DevelopmentProvision of a senior long-term loan to Infinum d.o.o. (the "Company"), a Croatian IT company providing digital solutions to its clients, for expansion through acquisitions. The loan will support the Company's expansion efforts as well as further efficiency and profitability improvements.European Bank for Reconstruction and DevelopmentINFINUM DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKARLOVAC45.49167 15.55550500010800000INFINUM DOOPRIVATEPRIVATEPRIVATEProvision of a senior long-term loan to Infinum d.o.o. (the "Company"), a Croatian IT company providing digital solutions to its clients, for expansion through acquisitions. The loan will support the Company's expansion efforts as well as further efficiency and profitability improvements. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53970XI-IATI-EBRD-51879European Bank for Reconstruction and DevelopmentA subscription of up to EUR 60 million in green bonds issued by Latvenergo AS, a Latvian energy utility company (the "company"), under a EUR 200 million green bond programme. The bonds are to be listed on the Nasdaq Riga exchange. On 7th May 2021, the Bank subscribed EUR 3 million out of the EUR 50 million first tranche issued under the programme. The proceeds from the green bond issuance programme will be used to renovate the company's distribution network, and partly finance the rehabilitation of three hydro power plants in Latvia. The investments will contribute to integration of more renewable sources into Latvia's electricity network, especially small and medium-sized solar and wind projects as well as increasing the reliability of the country's energy supply.European Bank for Reconstruction and DevelopmentLATVENERGO ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGRIGA56.946 24.1058945000000LATVENERGO AS3000000LATVENERGO AS20000000LATVENERGO AS9000000LATVENERGO ASSTATESTATESTATESTATEA subscription of up to EUR 60 million in green bonds issued by Latvenergo AS, a Latvian energy utility company (the "company"), under a EUR 200 million green bond programme. The bonds are to be listed on the Nasdaq Riga exchange. On 7th May 2021, the Bank subscribed EUR 3 million out of the EUR 50 million first tranche issued under the programme. The proceeds from the green bond issuance programme will be used to renovate the company's distribution network, and partly finance the rehabilitation of three hydro power plants in Latvia. The investments will contribute to integration of more renewable sources into Latvia's electricity network, especially small and medium-sized solar and wind projects as well as increasing the reliability of the country's energy supply. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51879XI-IATI-EBRD-51956European Bank for Reconstruction and DevelopmentInvestment of up to EUR 70 million in a series of covered bonds issued by AS LHV Pank ("LHV") under its Covered Bond Programme ("programme") over a period of 3 years and admitted for trading on the Irish Stock Exchange. EBRD's investment in each issue will be limited to up to 20% of the aggregate principal amount of each issue. On 02 June 2020, EBRD invested EUR 37 million in the first covered bond issuance of EUR 250 million under the programme. The objective of the project is to support the establishment of a still novel capital market instrument in Estonia. The project supports the second ever issuance of covered bonds in Estonia and it is fully consistent with Bank's policy engagement aimed at development of regional capital markets in the Baltics.European Bank for Reconstruction and DevelopmentAS LHV PANKEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTALLINN59.43696 24.7535337000000AS LHV PANKPRIVATEPRIVATEPRIVATEInvestment of up to EUR 70 million in a series of covered bonds issued by AS LHV Pank ("LHV") under its Covered Bond Programme ("programme") over a period of 3 years and admitted for trading on the Irish Stock Exchange. EBRD's investment in each issue will be limited to up to 20% of the aggregate principal amount of each issue. On 02 June 2020, EBRD invested EUR 37 million in the first covered bond issuance of EUR 250 million under the programme. The objective of the project is to support the establishment of a still novel capital market instrument in Estonia. The project supports the second ever issuance of covered bonds in Estonia and it is fully consistent with Bank's policy engagement aimed at development of regional capital markets in the Baltics. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51956XI-IATI-EBRD-56823European Bank for Reconstruction and DevelopmentUp to EUR 40m senior loan to GreenWay Holding S.A. (the "Company") to support the construction and operation of ca 2,700 electric vehicles charging points, in Poland, Slovakia and Croatia as part of the Company's overall expansion programme (the "Project"). The Bank's proceeds will be used for the development of charging stations for electric vehicles in Poland, Slovakia and Croatia, contributing to an increase of the availability of public charging stations and thereby facilitating uptake of electric vehicles in the region.European Bank for Reconstruction and DevelopmentGREENWAY SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.01178BRATISLAVA48.14816 17.106743011676635000000GREENWAY SAPRIVATEPRIVATEPRIVATEUp to EUR 40m senior loan to GreenWay Holding S.A. (the "Company") to support the construction and operation of ca 2,700 electric vehicles charging points, in Poland, Slovakia and Croatia as part of the Company's overall expansion programme (the "Project"). The Bank's proceeds will be used for the development of charging stations for electric vehicles in Poland, Slovakia and Croatia, contributing to an increase of the availability of public charging stations and thereby facilitating uptake of electric vehicles in the region. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56823XI-IATI-EBRD-54610European Bank for Reconstruction and DevelopmentSubordinated loan in the amount of USD 30 mln to be provided to TBC Bank ('TBC'). The proceeds of the subordinated loan will be used to strengthen capital structure of the bank. The project will help optimize the capital structure and support resilience of the systemic bank in Georgia, one of the largest financial institutions in the country, supporting sustained growth in its lending. As part of the project, TBC will become the first Partner Financial Institution ('PFI') in the Caucasus region to develop Paris Alignment transition plan and to commit to a multi-year cooperation with EBRD on the Paris Alignment. The transition plan, as defined in the EBRD's Paris Alignment Methodology for indirect finance, will set out credible milestones to demonstrate that the PFI is on a trajectory to become aligned with the Paris Agreement goals in a timeframe consistent with the bank's ESG agenda.European Bank for Reconstruction and DevelopmentTBC BANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTBILISI41.69411 44.8336826262803.12TBC BANK JSCPRIVATEPRIVATEPRIVATESubordinated loan in the amount of USD 30 mln to be provided to TBC Bank ('TBC'). The proceeds of the subordinated loan will be used to strengthen capital structure of the bank. The project will help optimize the capital structure and support resilience of the systemic bank in Georgia, one of the largest financial institutions in the country, supporting sustained growth in its lending. As part of the project, TBC will become the first Partner Financial Institution ('PFI') in the Caucasus region to develop Paris Alignment transition plan and to commit to a multi-year cooperation with EBRD on the Paris Alignment. The transition plan, as defined in the EBRD's Paris Alignment Methodology for indirect finance, will set out credible milestones to demonstrate that the PFI is on a trajectory to become aligned with the Paris Agreement goals in a timeframe consistent with the bank's ESG agenda. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54610XI-IATI-EBRD-55995European Bank for Reconstruction and DevelopmentThe senior secured loan in the amount of up to €23 million for the construction works within an existing, leased production facility, as well as equipment and commencing the plant operations. The facility will be located in Zilina region, Slovakia, and used for the production of the semaglutide-based diabetes type II medicine. Null ValueEuropean Bank for Reconstruction and DevelopmentCELON PHARMA SLOVAKIA SROEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.01178BRATISLAVA48.14816 17.1067418000000CELON PHARMA SLOVAKIA SROPRIVATEPRIVATEPRIVATEThe senior secured loan in the amount of up to €23 million for the construction works within an existing, leased production facility, as well as equipment and commencing the plant operations. The facility will be located in Zilina region, Slovakia, and used for the production of the semaglutide-based diabetes type II medicine. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55995XI-IATI-EBRD-52667European Bank for Reconstruction and DevelopmentProvision of a long term senior loan of up to EUR 85 million in favour of Korporacja Inwestycyjna Polskiej Farmacji Sp. z o.o. ("KIPF", "Company"), a limited liability company domiciled in Poland and DEETA B.V., a private limited liability company domiciled in the Netherlands (as joint co-borrowers) for use in Pelion S.A. ("Pelion") and its subsidiaries, mainly CEPD N.V., to finance the capex programme focused on digital expansion and e-commerce in Poland and Lithuania, and acquisitions of pharmacies. Out of EUR 85 million loan, EUR 60 million will be committed and EUR 25million uncommitted. The Loan is part of a larger financing package with mBank Poland, which will provide EUR 75 million in parallel. Total financing from EBRD and mBank Poland amounts to EUR 160 million. KIPF is a holding company of Pelion Group, the leading pharmaceutical distributor and pharmacy retailer in Poland. The proposed facility will support the investment programme carried out by Pelion Group in Poland and Lithuania. The proceeds from the EBRD loan will be allocated towards capex programme focused on expansion in the area of logistics (including BREEAM Very Good certified warehouses), e-commerce in Poland and Lithuania, and expansion via M&As. The Project will enable Pelion Group to strengthen its market position, enhance its logistics and network coverage, and benefit from economies of scale.European Bank for Reconstruction and DevelopmentKORPORACJA INWESTYCYJNA POLSKIEJ FARMACJI SP ZOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGVILNIUS54.68916 25.2798WARSAW52.22977 21.0117861166855.38KORPORACJA INWESTYCYJNA POLSKIEJ FARMACJI SP ZOOPRIVATEPRIVATEPRIVATEProvision of a long term senior loan of up to EUR 85 million in favour of Korporacja Inwestycyjna Polskiej Farmacji Sp. z o.o. ("KIPF", "Company"), a limited liability company domiciled in Poland and DEETA B.V., a private limited liability company domiciled in the Netherlands (as joint co-borrowers) for use in Pelion S.A. ("Pelion") and its subsidiaries, mainly CEPD N.V., to finance the capex programme focused on digital expansion and e-commerce in Poland and Lithuania, and acquisitions of pharmacies. Out of EUR 85 million loan, EUR 60 million will be committed and EUR 25million uncommitted. The Loan is part of a larger financing package with mBank Poland, which will provide EUR 75 million in parallel. Total financing from EBRD and mBank Poland amounts to EUR 160 million. KIPF is a holding company of Pelion Group, the leading pharmaceutical distributor and pharmacy retailer in Poland. The proposed facility will support the investment programme carried out by Pelion Group in Poland and Lithuania. The proceeds from the EBRD loan will be allocated towards capex programme focused on expansion in the area of logistics (including BREEAM Very Good certified warehouses), e-commerce in Poland and Lithuania, and expansion via M&As. The Project will enable Pelion Group to strengthen its market position, enhance its logistics and network coverage, and benefit from economies of scale. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52667XI-IATI-EBRD-49326European Bank for Reconstruction and DevelopmentInvestment in Polish zloty-denominated subordinated bonds in an amount of PLN 91.4 million (EUR 21.4 million) as part of a total aggregate issuance of PLN 1.7 billion (EUR 400 million) issued by PKO Bank Polski S.A. ("PKO BP"), a public company incorporated in Poland and the largest commercial bank in Poland. PKO BP has committed to allocate the equivalent of 200 per cent of the proceeds from EBRD investments in the bonds to finance loans for environmentally-friendly residential real estate refurbishments.European Bank for Reconstruction and DevelopmentPKO BP SA POWSZECHNA KASA OSZCZEDNOSCI BANK POLSKIEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.0117894231979.12PKO BP SA POWSZECHNA KASA OSZCZEDNOSCI BANK POLSKIPRIVATEPRIVATEPRIVATEInvestment in Polish zloty-denominated subordinated bonds in an amount of PLN 91.4 million (EUR 21.4 million) as part of a total aggregate issuance of PLN 1.7 billion (EUR 400 million) issued by PKO Bank Polski S.A. ("PKO BP"), a public company incorporated in Poland and the largest commercial bank in Poland. PKO BP has committed to allocate the equivalent of 200 per cent of the proceeds from EBRD investments in the bonds to finance loans for environmentally-friendly residential real estate refurbishments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49326XI-IATI-EBRD-53238European Bank for Reconstruction and DevelopmentA senior loan of up to EUR 120 million for the account of EBRD to be provided as part of a total financing package of up to EUR 750 million alongside a consortium of commercial banks in favour of Heimstaden Czech s.r.o and Heimstaden Czech Pilsen s.r.o (the "Borrowers"), limited liability companies organised in Czechia both fully owned by Heimstaden Bostad AB ("Heimstaden" or "the Parent"). The proceeds of the EBRD loan will fund sustainability capex in the Borrowers' residential buildings in Czechia and recapitalisation of the Borrowers. The transaction will support energy efficiency improvements in the residential real estate sector in Czechia. It is the first large scale and systemic renovation of a private portfolio of buildings implemented in Czechia.European Bank for Reconstruction and DevelopmentHEIMSTADEN CZECH SROEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGOSTRAVA49.83465 18.28204110000000HEIMSTADEN CZECH SROPRIVATEPRIVATEPRIVATEA senior loan of up to EUR 120 million for the account of EBRD to be provided as part of a total financing package of up to EUR 750 million alongside a consortium of commercial banks in favour of Heimstaden Czech s.r.o and Heimstaden Czech Pilsen s.r.o (the "Borrowers"), limited liability companies organised in Czechia both fully owned by Heimstaden Bostad AB ("Heimstaden" or "the Parent"). The proceeds of the EBRD loan will fund sustainability capex in the Borrowers' residential buildings in Czechia and recapitalisation of the Borrowers. The transaction will support energy efficiency improvements in the residential real estate sector in Czechia. It is the first large scale and systemic renovation of a private portfolio of buildings implemented in Czechia. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53238XI-IATI-EBRD-51025European Bank for Reconstruction and DevelopmentProvision of a long-term loan of up to EUR 250 million to LG Chem Wroclaw Energy sp.z o.o (the "Company"), a fully owned subsidiary of LG Chem, Ltd, for the construction of a Lithium-Ion battery factory for Electric Vehicles in Wroclaw, Poland (the "project"). The project supports LG Chem's investment plan to construct a Lithium-Ion battery factory in Wroclaw, Poland, in order to produce and supply EV batteries to the Original Equipment Manufacturers (OEMs).European Bank for Reconstruction and DevelopmentLG ENERGY SOLUTION WROCLAW SP ZOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWROCLAW51.1 17.03333250000000LG ENERGY SOLUTION WROCLAW SP ZOOPRIVATEPRIVATEPRIVATEProvision of a long-term loan of up to EUR 250 million to LG Chem Wroclaw Energy sp.z o.o (the "Company"), a fully owned subsidiary of LG Chem, Ltd, for the construction of a Lithium-Ion battery factory for Electric Vehicles in Wroclaw, Poland (the "project"). The project supports LG Chem's investment plan to construct a Lithium-Ion battery factory in Wroclaw, Poland, in order to produce and supply EV batteries to the Original Equipment Manufacturers (OEMs). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51025XI-IATI-EBRD-52736European Bank for Reconstruction and DevelopmentThe EBRD invested EUR 80 million (20% of the issuance amount) in a senior preferred bond issued by Erste&Steiermarkische bank d.d. ("ESB"), a part of an issuance of EUR 400 million listed on the Vienna Stock Exchange. This is the first bond issued by ESB on the international market. The project supports the resilience and regulatory compliance of the third largest bank in Croatia and contributes to the development of the local capital market. The project also supports the Green Economy Transition-approach with at least 80% allocation of EBRD investment in GET-eligible sub-projects.European Bank for Reconstruction and DevelopmentERSTE & STEIERMARKISCHE BANK DDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGRIJEKA45.32673 14.4424180000000ERSTE & STEIERMARKISCHE BANK DDPRIVATEPRIVATEPRIVATEThe EBRD invested EUR 80 million (20% of the issuance amount) in a senior preferred bond issued by Erste&Steiermarkische bank d.d. ("ESB"), a part of an issuance of EUR 400 million listed on the Vienna Stock Exchange. This is the first bond issued by ESB on the international market. The project supports the resilience and regulatory compliance of the third largest bank in Croatia and contributes to the development of the local capital market. The project also supports the Green Economy Transition-approach with at least 80% allocation of EBRD investment in GET-eligible sub-projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52736XI-IATI-EBRD-52868European Bank for Reconstruction and DevelopmentThe Project is an extension to the USD 80 mm facility signed in 2017 (OpID 48957) for implementation of the Phase 1 of the 10-year (2016-27) investment programme of Electric Networks of Armenia ("ENA" or the "Borrower" or the "Company") aimed at modernization of the power distribution infrastructure in Armenia. It will enable the Borrower to implement the 2021-22 capital investments of Phase 2 of the investment program (the "Project") targeting primarily, among other areas, the two largest cities of Armenia - Yerevan and Gyumri (the "Cities"). The Project will help the Borrower to improve energy efficiency, reduce technical and commercial losses and hence GHG emissions, as well as improve the overall reliability of power supply in the country. The Project will support ENA in its continuous efforts to provide affordable, reliable, sustainable, and modern energy to its customers. The Project is an extension of the Bank's engagement in Armenia through the EBRD Green Cities programme. ENA's investment programme addresses the priorities identified in the Cities' Green City Action Plans ("GCAP"), and has been developed through close consultation with both municipal governments with the GCAPs at the heart of the cities' considerations.European Bank for Reconstruction and DevelopmentELECTRIC NETWORKS OF ARMENIA CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYEREVAN40.18111 44.5136152525606.23ELECTRIC NETWORKS OF ARMENIA CJSCPRIVATEPRIVATEPRIVATEThe Project is an extension to the USD 80 mm facility signed in 2017 (OpID 48957) for implementation of the Phase 1 of the 10-year (2016-27) investment programme of Electric Networks of Armenia ("ENA" or the "Borrower" or the "Company") aimed at modernization of the power distribution infrastructure in Armenia. It will enable the Borrower to implement the 2021-22 capital investments of Phase 2 of the investment program (the "Project") targeting primarily, among other areas, the two largest cities of Armenia - Yerevan and Gyumri (the "Cities"). The Project will help the Borrower to improve energy efficiency, reduce technical and commercial losses and hence GHG emissions, as well as improve the overall reliability of power supply in the country. The Project will support ENA in its continuous efforts to provide affordable, reliable, sustainable, and modern energy to its customers. The Project is an extension of the Bank's engagement in Armenia through the EBRD Green Cities programme. ENA's investment programme addresses the priorities identified in the Cities' Green City Action Plans ("GCAP"), and has been developed through close consultation with both municipal governments with the GCAPs at the heart of the cities' considerations. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52868XI-IATI-EBRD-54542European Bank for Reconstruction and DevelopmentProvision of financing in the form of an additional equity investment of up to EUR 5 million in Eldrive Holding GmbH (the "Company" or "Eldrive"), a limited liability company incorporated in Austria. EBRD made a EUR 15 million equity investment in 2024 (the "Original Transaction"), alongside Renalfa Solarpro Group GmbH ("Renalfa" or "the Sponsor"). The Company had also secured a EUR 40 million venture debt facility from the European Investment Bank ("EIB"). The additional investment of EUR 5 million is aligned with the initial project objectives: the development of EV charging stations in Bulgaria, Romania and Lithuania aiming to increase the availability of EV charging stations, accelerate the uptake of EV, and support the electrification and decarbonisation of transport in the countries of investment.European Bank for Reconstruction and DevelopmentELDRIVE HOLDING GMBHEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSOFIA42.69751 23.32415VILNIUS54.68916 25.2798BUCHAREST44.43225 26.1062615000000ELDRIVE HOLDING GMBHPRIVATEPRIVATEPRIVATEProvision of financing in the form of an additional equity investment of up to EUR 5 million in Eldrive Holding GmbH (the "Company" or "Eldrive"), a limited liability company incorporated in Austria. EBRD made a EUR 15 million equity investment in 2024 (the "Original Transaction"), alongside Renalfa Solarpro Group GmbH ("Renalfa" or "the Sponsor"). The Company had also secured a EUR 40 million venture debt facility from the European Investment Bank ("EIB"). The additional investment of EUR 5 million is aligned with the initial project objectives: the development of EV charging stations in Bulgaria, Romania and Lithuania aiming to increase the availability of EV charging stations, accelerate the uptake of EV, and support the electrification and decarbonisation of transport in the countries of investment. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54542XI-IATI-EBRD-55244European Bank for Reconstruction and DevelopmentAn equity commitment of up to EUR 100 million in favour of MidEuropa Fund VI (the "Fund"), and a commitment of up to EUR 100 million in a corresponding co-investment vehicle. The Project will enable the Fund to make equity and equity-related investments in mid-cap companies in Central and Eastern Europe and South-Eastern Europe, with the objective of achieving long-term capital growth.European Bank for Reconstruction and DevelopmentMIDEUROPA FUND VI SCSPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRAGUE50.08804 14.42076TALLINN59.43696 24.75353VILNIUS54.68916 25.2798RIGA56.946 24.10589WARSAW52.22977 21.01178BUCHAREST44.43225 26.1062651325554.35100000000MIDEUROPA FUND VI SCSPPRIVATEPRIVATEPRIVATEAn equity commitment of up to EUR 100 million in favour of MidEuropa Fund VI (the "Fund"), and a commitment of up to EUR 100 million in a corresponding co-investment vehicle. The Project will enable the Fund to make equity and equity-related investments in mid-cap companies in Central and Eastern Europe and South-Eastern Europe, with the objective of achieving long-term capital growth. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55244XI-IATI-EBRD-52251European Bank for Reconstruction and DevelopmentThis project was approved in the context of the Bank's response to the COVID-19 pandemic. To avoid delays to the delivery of this project, the Bank's President granted a deviation from the ordinary timelines for PSD disclosure, as contemplated by Section V of the Directive on Access to Information. Details of the Bank's response to COVID-19, and this deviation, can be found on our website. A liquidity facility in the amount of up to EUR 25 million, split into Tranche 1 (up to EUR 12.5 million, to be committed at signing) and Tranche 2 (up to EUR 12.5 million, to be committed at the Bank's sole discretion), to support the Ukrainian State Air Traffic Services Enterprise ("UkSATSE", "the company"). The proceeds of the loan will be used to finance critical liquidity and working capital needs of the company, thereby providing emergency liquidity support to mitigate the negative effects of the COVID-19 crisis. To assist the company with meeting its debt service obligations, the Bank will also defer principal repayments under the Bank's existing loan to UkSATSE (BDS 11-310) for the period July 2020-April 2021 in the total amount of EUR 1.089 million. Tranche 2 of the existing loan will be cancelled to manage the company's leverage position and in view of resulting changes to the company's investment priorities triggered by the COVID-19 crisis.European Bank for Reconstruction and DevelopmentUKRAINIAN STATE AIR TRAFFIC SERVICES ENTERPRISEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.523820000000UKRAINIAN STATE AIR TRAFFIC SERVICES ENTERPRISE4000000UKRAINIAN STATE AIR TRAFFIC SERVICES ENTERPRISE3200000UKRAINIAN STATE AIR TRAFFIC SERVICES ENTERPRISE2000000UKRAINIAN STATE AIR TRAFFIC SERVICES ENTERPRISE1000000UKRAINIAN STATE AIR TRAFFIC SERVICES ENTERPRISE2300000UKRAINIAN STATE AIR TRAFFIC SERVICES ENTERPRISESTATESTATESTATESTATEThis project was approved in the context of the Bank's response to the COVID-19 pandemic. To avoid delays to the delivery of this project, the Bank's President granted a deviation from the ordinary timelines for PSD disclosure, as contemplated by Section V of the Directive on Access to Information. Details of the Bank's response to COVID-19, and this deviation, can be found on our website. A liquidity facility in the amount of up to EUR 25 million, split into Tranche 1 (up to EUR 12.5 million, to be committed at signing) and Tranche 2 (up to EUR 12.5 million, to be committed at the Bank's sole discretion), to support the Ukrainian State Air Traffic Services Enterprise ("UkSATSE", "the company"). The proceeds of the loan will be used to finance critical liquidity and working capital needs of the company, thereby providing emergency liquidity support to mitigate the negative effects of the COVID-19 crisis. To assist the company with meeting its debt service obligations, the Bank will also defer principal repayments under the Bank's existing loan to UkSATSE (BDS 11-310) for the period July 2020-April 2021 in the total amount of EUR 1.089 million. Tranche 2 of the existing loan will be cancelled to manage the company's leverage position and in view of resulting changes to the company's investment priorities triggered by the COVID-19 crisis. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52251XI-IATI-EBRD-52971European Bank for Reconstruction and DevelopmentAn investment in the green senior unsecured fixed coupon corporate bond to be issued by Photon Energy NV The proceeds will be used to finance the development of solar projects in the Central and Eastern Europe region, exclusively in the EBRD's countries of operation.European Bank for Reconstruction and DevelopmentPHOTON ENERGY NVEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRAGUE50.08804 14.42076BUDAPEST47.49835 19.04045BUCHAREST44.43225 26.1062610000000PHOTON ENERGY NVPRIVATEPRIVATEPRIVATEAn investment in the green senior unsecured fixed coupon corporate bond to be issued by Photon Energy NV The proceeds will be used to finance the development of solar projects in the Central and Eastern Europe region, exclusively in the EBRD's countries of operation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52971XI-IATI-EBRD-55666European Bank for Reconstruction and DevelopmentEBRD co-investment with Triglav to jointly acquire a significant minority stake in HPI GMA SA "Trasti". EBRD's investment is required to realise the current business plan and will be used to finance further growth of Trasti's digital business. Trasti's value creation plan will focus on increasing the reach and efficiency of its distribution network, enhancement of digital capabilities and further insurance offering extension.European Bank for Reconstruction and DevelopmentHPI GMA SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.011782501219.210328605.21HPI GMA SAPRIVATEPRIVATEPRIVATEEBRD co-investment with Triglav to jointly acquire a significant minority stake in HPI GMA SA "Trasti". EBRD's investment is required to realise the current business plan and will be used to finance further growth of Trasti's digital business. Trasti's value creation plan will focus on increasing the reach and efficiency of its distribution network, enhancement of digital capabilities and further insurance offering extension. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55666XI-IATI-EBRD-56816European Bank for Reconstruction and DevelopmentParticipation of up to EUR 15 million in the Schuldschein issuance by Mann + Hummel Holding GmbH. The EBRD financing of up to EUR 15m will finance GET-eligible capex and development capex in Poland, Czechia and Bosnia & Herzegovina, as well as a capex in Ukraine for re-construction of a warehouse damaged by war actions.European Bank for Reconstruction and DevelopmentMANN AND HUMMEL HOLDING GMBHEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.35644PRAGUE50.08804 14.42076WARSAW52.22977 21.01178KYIV50.45466 30.523815000000MANN AND HUMMEL HOLDING GMBHPRIVATEPRIVATEPRIVATEParticipation of up to EUR 15 million in the Schuldschein issuance by Mann + Hummel Holding GmbH. The EBRD financing of up to EUR 15m will finance GET-eligible capex and development capex in Poland, Czechia and Bosnia & Herzegovina, as well as a capex in Ukraine for re-construction of a warehouse damaged by war actions. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56816XI-IATI-EBRD-48186European Bank for Reconstruction and DevelopmentThe proposed project is a private equity fund (the "Fund") with a target size of EUR 100 million and a maximum size of EUR 200 million. The Fund will purchase interests in existing private equity funds in the secondary market and make selective direct investments into companies alongside reputable and experienced lead investors. The Fund's regional focus will include the countries of Central and South-eastern Europe, Eastern Europe and the Caucasus, Central Asia, Russia and Turkey. The Fund will provide (i) a vehicle for investors to access secondary interests in private equity funds and will increase the ability of these funds to access capital; (ii) it will provide capital, directly and indirectly, to companies in the Region.European Bank for Reconstruction and DevelopmentALPHA CEE OPPORTUNITY IV LPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTALLINN59.43696 24.75353BUDAPEST47.49835 19.04045NUR-SULTAN51.1801 71.44598WARSAW52.22977 21.01178BUCHAREST44.43225 26.10626MOSCOW55.75222 37.61556ANKARA39.91987 32.85427KYIV50.45466 30.52387615306.0325050000ALPHA CEE OPPORTUNITY IV LPPRIVATEPRIVATEPRIVATEThe proposed project is a private equity fund (the "Fund") with a target size of EUR 100 million and a maximum size of EUR 200 million. The Fund will purchase interests in existing private equity funds in the secondary market and make selective direct investments into companies alongside reputable and experienced lead investors. The Fund's regional focus will include the countries of Central and South-eastern Europe, Eastern Europe and the Caucasus, Central Asia, Russia and Turkey. The Fund will provide (i) a vehicle for investors to access secondary interests in private equity funds and will increase the ability of these funds to access capital; (ii) it will provide capital, directly and indirectly, to companies in the Region. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48186XI-IATI-EBRD-55309European Bank for Reconstruction and DevelopmentA Resilience and Livelihoods Guarantee ("RLG"), under the Resilience and Livelihoods Framework ("RLF"), in the form of an unfunded portfolio risk-sharing facility covering up to 50 per cent of the credit risk in sub-loans with the total value of EUR 70 million equivalent (the "Covered Portfolio") to be originated by JSC ProCredit Bank Ukraine ("PCBU", the "PFI") in Ukraine. The RLG project will be delivered in two equal tranches each including EUR 8.75 million of EBRD's guarantee to cover EUR 35 million of the Covered Portfolio with Tranche B being uncommitted. The project will include a sub-limit under the SME Competitiveness and Inclusion programme in the European Union's Eastern Partnership blended programme within the Financial Intermediaries Framework ("EaP SMECI Sub-limit", assigned with a separate EBRD project number 55311) of up to EUR 10.5 million or 15% of the Covered Portfolio (jointly the "Project" or "Facility") to finance long term capital investments of micro-, small-, and medium sized enterprises ("MSMEs") to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of EaP SMECI sub-limit), thereby enhancing businesses' competitiveness. Eligible sub-borrowers will also receive EU funded technical assistance and grant support in the form of investment incentives upon the completion of their investment projects. The Facility will be used to support lending to Ukrainian private companies operating in the primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in Ukraine.European Bank for Reconstruction and DevelopmentPROCREDIT BANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.52381487500014875000PROCREDIT BANK JSCPRIVATEPRIVATEPRIVATEA Resilience and Livelihoods Guarantee ("RLG"), under the Resilience and Livelihoods Framework ("RLF"), in the form of an unfunded portfolio risk-sharing facility covering up to 50 per cent of the credit risk in sub-loans with the total value of EUR 70 million equivalent (the "Covered Portfolio") to be originated by JSC ProCredit Bank Ukraine ("PCBU", the "PFI") in Ukraine. The RLG project will be delivered in two equal tranches each including EUR 8.75 million of EBRD's guarantee to cover EUR 35 million of the Covered Portfolio with Tranche B being uncommitted. The project will include a sub-limit under the SME Competitiveness and Inclusion programme in the European Union's Eastern Partnership blended programme within the Financial Intermediaries Framework ("EaP SMECI Sub-limit", assigned with a separate EBRD project number 55311) of up to EUR 10.5 million or 15% of the Covered Portfolio (jointly the "Project" or "Facility") to finance long term capital investments of micro-, small-, and medium sized enterprises ("MSMEs") to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of EaP SMECI sub-limit), thereby enhancing businesses' competitiveness. Eligible sub-borrowers will also receive EU funded technical assistance and grant support in the form of investment incentives upon the completion of their investment projects. The Facility will be used to support lending to Ukrainian private companies operating in the primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55309XI-IATI-EBRD-53644European Bank for Reconstruction and DevelopmentProvision of up to EUR 175 million senior loan to German retail chain Schwarz Group (Schwarz, or the Group). The proceeds of the loan will be used to support the expansion of Lidl format stores in the Western Balkans, including Albania, Bosnia and Herzegovina, Kosovo, North Macedonia and Montenegro (EUR 75 million) and the expansion of Kaufland operations in Romania and Moldova (EUR 100 million). The proceeds of the loan will be used to support the 2022-2024 investment programme of the Group, focusing on the development of Kaufland stores in Romania and Moldova and Lidl stores in the Western Balkans.European Bank for Reconstruction and DevelopmentKAUFLAND ROMANIA SCSEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCHISINAU47.00556 28.8575BUCHAREST44.43225 26.10626100000000KAUFLAND ROMANIA SCSPRIVATEPRIVATEPRIVATEProvision of up to EUR 175 million senior loan to German retail chain Schwarz Group (Schwarz, or the Group). The proceeds of the loan will be used to support the expansion of Lidl format stores in the Western Balkans, including Albania, Bosnia and Herzegovina, Kosovo, North Macedonia and Montenegro (EUR 75 million) and the expansion of Kaufland operations in Romania and Moldova (EUR 100 million). The proceeds of the loan will be used to support the 2022-2024 investment programme of the Group, focusing on the development of Kaufland stores in Romania and Moldova and Lidl stores in the Western Balkans. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53644XI-IATI-EBRD-49433European Bank for Reconstruction and DevelopmentInvestment in EUR-denominated green bond issue in an amount of EUR 30 million as part of a total aggregate issuance of EUR 300 million by Lietuvos Energija UAB ("LE UAB"), the Lithuanian's national energy company and one of the largest state-owned energy groups in the Baltics. The investment programme which the EBRD is supporting is critical to help LE UAB to upgrade its distribution network and expand its renewable energy capacity in order to strengthen the sustainability and security of Lithuania's energy supply and reduce its reliance on imported energy. The issue will also enhance LE UAB capital structure by centralising indebtedness at the holding level.European Bank for Reconstruction and DevelopmentIGNITIS GRUPE ABEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGVILNIUS54.68916 25.279860000000IGNITIS GRUPE AB30000000IGNITIS GRUPE ABSTATESTATESTATESTATEInvestment in EUR-denominated green bond issue in an amount of EUR 30 million as part of a total aggregate issuance of EUR 300 million by Lietuvos Energija UAB ("LE UAB"), the Lithuanian's national energy company and one of the largest state-owned energy groups in the Baltics. The investment programme which the EBRD is supporting is critical to help LE UAB to upgrade its distribution network and expand its renewable energy capacity in order to strengthen the sustainability and security of Lithuania's energy supply and reduce its reliance on imported energy. The issue will also enhance LE UAB capital structure by centralising indebtedness at the holding level. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49433XI-IATI-EBRD-53113European Bank for Reconstruction and DevelopmentProvision of a long-term senior secured loan to Patterpoint investments Sp. z o.o Banie 4 Sp.j. (the "Borrower" or the "Company") to finance the development, construction and operation of the 56MW Zelechowo wind farm located in north-western Poland (the "Project"). The Borrower is 100% indirectly owned by Energix Renewable Energies Ltd. ("Sponsor"), an Israeli renewables company publicly listed on the Tel Aviv Stock Exchange. The Project is constructed under supervision of Energix Polska Sp. z o.o. ("Developer"). The Project will contribute to climate mitigation by adding 56MW wind generation capacity to the Polish national energy system. In addition, the Project will strengthen the private sector's role in the renewable energy sector in Poland.European Bank for Reconstruction and DevelopmentBANIE 4 SP ZOO SJEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.0117833504703.68BANIE 4 SP ZOO SJPRIVATEPRIVATEPRIVATEProvision of a long-term senior secured loan to Patterpoint investments Sp. z o.o Banie 4 Sp.j. (the "Borrower" or the "Company") to finance the development, construction and operation of the 56MW Zelechowo wind farm located in north-western Poland (the "Project"). The Borrower is 100% indirectly owned by Energix Renewable Energies Ltd. ("Sponsor"), an Israeli renewables company publicly listed on the Tel Aviv Stock Exchange. The Project is constructed under supervision of Energix Polska Sp. z o.o. ("Developer"). The Project will contribute to climate mitigation by adding 56MW wind generation capacity to the Polish national energy system. In addition, the Project will strengthen the private sector's role in the renewable energy sector in Poland. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53113XI-IATI-EBRD-50461European Bank for Reconstruction and DevelopmentThe EBRD is investing CAD 81.5m (c. USD 60 million) in Eldorado Gold Corporation (Eldorado or the Company), a Canada-based mining company with operations across Türkiye, Greece, and Canada. The Bank's financing will support the development of the Skouries copper-gold project operated by Hellas Gold S.A., a wholly-owned subsidiary of Eldorado (the Project). The Skouries mine, part of the Kassandra mines complex, is located in the Halkidiki Peninsula of Northern Greece and is the key growth driver of Eldorado. The proposed transaction represents the Bank's first mining investment in Greece. The Bank's involvement in the Project will support one of the largest foreign investors in the country with an extensive global experience in mining operations and development. The EBRD's investment will be used to finance the development, construction and operation of the Skouries copper-gold project in Greece. The Project will enable the Company to expand into copper production over the next 20 years, which is in addition to its existing polymetallic production at the Olympias mine in Greece, and hence increase the support for long-term mining of a critical metal for the green transition.European Bank for Reconstruction and DevelopmentELDORADO GOLD CORPORATIONEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATHENS37.98376 23.7278450246330.32ELDORADO GOLD CORPORATIONPRIVATEPRIVATEPRIVATEThe EBRD is investing CAD 81.5m (c. USD 60 million) in Eldorado Gold Corporation (Eldorado or the Company), a Canada-based mining company with operations across Türkiye, Greece, and Canada. The Bank's financing will support the development of the Skouries copper-gold project operated by Hellas Gold S.A., a wholly-owned subsidiary of Eldorado (the Project). The Skouries mine, part of the Kassandra mines complex, is located in the Halkidiki Peninsula of Northern Greece and is the key growth driver of Eldorado. The proposed transaction represents the Bank's first mining investment in Greece. The Bank's involvement in the Project will support one of the largest foreign investors in the country with an extensive global experience in mining operations and development. The EBRD's investment will be used to finance the development, construction and operation of the Skouries copper-gold project in Greece. The Project will enable the Company to expand into copper production over the next 20 years, which is in addition to its existing polymetallic production at the Olympias mine in Greece, and hence increase the support for long-term mining of a critical metal for the green transition. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50461XI-IATI-EBRD-51425European Bank for Reconstruction and DevelopmentThe expansion and stores renovation of the two key food retail chains of Fozzy Group, "Silpo" and "Fora", including investments into energy and resource efficiency enhancement, focused on the reduction of food waste and loss in the operations of the retailer. The Project will support Fozzy Group's strategy to expand its retail operations and improve sustainability of the business.European Bank for Reconstruction and DevelopmentSILPO-FOOD LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.523852057653.52SILPO-FOOD LLCPRIVATEPRIVATEPRIVATEThe expansion and stores renovation of the two key food retail chains of Fozzy Group, "Silpo" and "Fora", including investments into energy and resource efficiency enhancement, focused on the reduction of food waste and loss in the operations of the retailer. The Project will support Fozzy Group's strategy to expand its retail operations and improve sustainability of the business. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51425XI-IATI-EBRD-47246European Bank for Reconstruction and DevelopmentThe EBRD is to increase its stake in Victoriabank, Moldova's third-largest lender. While currently the owner of a 15.06 per cent-stake, the EBRD has applied for and received regulatory approval to acquire up to 50 per cent of the shares of Victoriabank. However, the EBRD has not yet determined the exact amount of its proposed increased stake, which will depend on market developments. Null ValueEuropean Bank for Reconstruction and DevelopmentVB INVESTMENT HOLDING BVEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCHISINAU47.00556 28.85756000000.01VB INVESTMENT HOLDING BVPRIVATEPRIVATEPRIVATEThe EBRD is to increase its stake in Victoriabank, Moldova's third-largest lender. While currently the owner of a 15.06 per cent-stake, the EBRD has applied for and received regulatory approval to acquire up to 50 per cent of the shares of Victoriabank. However, the EBRD has not yet determined the exact amount of its proposed increased stake, which will depend on market developments. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47246XI-IATI-EBRD-47359European Bank for Reconstruction and DevelopmentThe EBRD is providing a loan to the district heating utility Municipal Communal Enterprise 'Chernivtsiteplokomunenergo' (the 'Company'), operating in the City of Chernivtsi (the 'City') to finance the installation of individual heating sub-stations, biofuel boilers, network replacement with pre-insulated pipes, modernisation of boilers and control systems, and the installation of monitoring and dispatching system in the City (the 'Project'). The project aims at significantly improving the energy efficiency, reducing energy losses, gas and electricity consumption and improving the quality of heat and hot water supply services in the City.European Bank for Reconstruction and DevelopmentDISTRICT HEATING COMPANY TEPLOKOMUNENERGO OF CHERNITSI CITYEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCHERNIVTSI48.29149 25.940344825780.067000000DISTRICT HEATING COMPANY TEPLOKOMUNENERGO OF CHERNITSI CITY872232.49DISTRICT HEATING COMPANY TEPLOKOMUNENERGO OF CHERNITSI CITY290044.51DISTRICT HEATING COMPANY TEPLOKOMUNENERGO OF CHERNITSI CITY300949.08DISTRICT HEATING COMPANY TEPLOKOMUNENERGO OF CHERNITSI CITY207764.11DISTRICT HEATING COMPANY TEPLOKOMUNENERGO OF CHERNITSI CITY176063.33DISTRICT HEATING COMPANY TEPLOKOMUNENERGO OF CHERNITSI CITY327166.42DISTRICT HEATING COMPANY TEPLOKOMUNENERGO OF CHERNITSI CITYSTATESTATESTATESTATEThe EBRD is providing a loan to the district heating utility Municipal Communal Enterprise 'Chernivtsiteplokomunenergo' (the 'Company'), operating in the City of Chernivtsi (the 'City') to finance the installation of individual heating sub-stations, biofuel boilers, network replacement with pre-insulated pipes, modernisation of boilers and control systems, and the installation of monitoring and dispatching system in the City (the 'Project'). The project aims at significantly improving the energy efficiency, reducing energy losses, gas and electricity consumption and improving the quality of heat and hot water supply services in the City. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47359XI-IATI-EBRD-55197European Bank for Reconstruction and DevelopmentThe Bank is supporting critical investments in water and wastewater infrastructure in the city of Ganja in several phases (the "Project"). The Borrower is the Republic of Azerbaijan, and the loan is for the benefit of the Azerbaijan State Water Resources Agency (the "ASWRA"), a government entity responsible for managing water resources in Azerbaijan. Phase 1 of the Project, consisting of a sovereign loan of up to EUR 35 million, was signed on 22 January 2025. Phase 2 of the Project, consisting of up to EUR 120 million sovereign loan, will be used to finance the construction of a new wastewater treatment plant ("WWTP") with a capacity of 400,000 population equivalent (P.E.) and the associated infrastructure, as well as the water supply, sanitation and stormwater management network in Ganja. Phases 1 and 2 are part of a broader Priority Investment Programme ("PIP") with an estimated total cost of EUR 410 million, encompassing the holistic rehabilitation of the water and wastewater sector in the Ganja city. The Project will be implemented under the EBRD's Green Cities and aims to address the priority environmental challenge of 'water availability and quality' identified in the Ganja Green City Action Plan ("GCAP"). The Government prioritises the Project considering the acute need for improvement of the deficient urban water and wastewater infrastructure in Ganja. Upon the Project completion, it is expected that part of city of Ganja will benefit from uninterrupted water supply and wastewater sanitation services, while flood risks will be mitigated through the introduction of a stormwater management system.European Bank for Reconstruction and DevelopmentAZERBAIJAN SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBAKU40.37767 49.892013500000035000000AZERBAIJAN SOVEREIGNSTATESTATESTATESTATEThe Bank is supporting critical investments in water and wastewater infrastructure in the city of Ganja in several phases (the "Project"). The Borrower is the Republic of Azerbaijan, and the loan is for the benefit of the Azerbaijan State Water Resources Agency (the "ASWRA"), a government entity responsible for managing water resources in Azerbaijan. Phase 1 of the Project, consisting of a sovereign loan of up to EUR 35 million, was signed on 22 January 2025. Phase 2 of the Project, consisting of up to EUR 120 million sovereign loan, will be used to finance the construction of a new wastewater treatment plant ("WWTP") with a capacity of 400,000 population equivalent (P.E.) and the associated infrastructure, as well as the water supply, sanitation and stormwater management network in Ganja. Phases 1 and 2 are part of a broader Priority Investment Programme ("PIP") with an estimated total cost of EUR 410 million, encompassing the holistic rehabilitation of the water and wastewater sector in the Ganja city. The Project will be implemented under the EBRD's Green Cities and aims to address the priority environmental challenge of 'water availability and quality' identified in the Ganja Green City Action Plan ("GCAP"). The Government prioritises the Project considering the acute need for improvement of the deficient urban water and wastewater infrastructure in Ganja. Upon the Project completion, it is expected that part of city of Ganja will benefit from uninterrupted water supply and wastewater sanitation services, while flood risks will be mitigated through the introduction of a stormwater management system. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55197XI-IATI-EBRD-53765European Bank for Reconstruction and DevelopmentA senior secured loan (the "Loan") to CJSC Azerbaijan Caspian Shipping Company (the "Company" or "ASCO") to support the acquisition of two handy-size dry cargo vessels as part of its international expansion strategy. This Project will support the Company to expand its merchant fleet operations in international waters beyond the Caspian Sea, enhancing regional connectivity and trade relationships as part of the extended Trans-Caspian Trade Route (the Middle Corridor).European Bank for Reconstruction and DevelopmentAZERBAIJAN CASPIAN SHIPPING CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBAKU40.37767 49.8920119021003.75AZERBAIJAN CASPIAN SHIPPING CJSC18101805.64AZERBAIJAN CASPIAN SHIPPING CJSCSTATESTATESTATESTATEA senior secured loan (the "Loan") to CJSC Azerbaijan Caspian Shipping Company (the "Company" or "ASCO") to support the acquisition of two handy-size dry cargo vessels as part of its international expansion strategy. This Project will support the Company to expand its merchant fleet operations in international waters beyond the Caspian Sea, enhancing regional connectivity and trade relationships as part of the extended Trans-Caspian Trade Route (the Middle Corridor). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53765XI-IATI-EBRD-52577European Bank for Reconstruction and DevelopmentThe sovereign loan of up to EUR 9.6 million will be used to finance the acquisition of vehicles, machinery and equipment, as well as digital route optimisation and truck pool management systems, for the provision of municipal services, namely solid waste management ("SWM"), street lighting ("SL"), street cleaning and drainage in Tbilisi for the benefit of Tbilservice Group Ltd (the "Company"). The proposed investment will address a priority environmental challenge of modernisation of waste management and street lighting equipment in the city of Tbilisi as identified under its Green City Action Plan ("GCAP") and approved by Tbilisi City Municipality (the "City") in September 2017. The Project addresses Tbilisi's priority environmental challenges of SWM and SL equipment modernisation as detailed in the Tbilisi GCAP.European Bank for Reconstruction and DevelopmentGEORGIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTBILISI41.69411 44.833689600000GEORGIA SOVEREIGN96000GEORGIA SOVEREIGN1912950GEORGIA SOVEREIGN224000GEORGIA SOVEREIGN208840GEORGIA SOVEREIGN568010GEORGIA SOVEREIGN965710GEORGIA SOVEREIGN2659440GEORGIA SOVEREIGN280020GEORGIA SOVEREIGN1312080GEORGIA SOVEREIGN1162510GEORGIA SOVEREIGN86410GEORGIA SOVEREIGN124030GEORGIA SOVEREIGNSTATESTATESTATESTATEThe sovereign loan of up to EUR 9.6 million will be used to finance the acquisition of vehicles, machinery and equipment, as well as digital route optimisation and truck pool management systems, for the provision of municipal services, namely solid waste management ("SWM"), street lighting ("SL"), street cleaning and drainage in Tbilisi for the benefit of Tbilservice Group Ltd (the "Company"). The proposed investment will address a priority environmental challenge of modernisation of waste management and street lighting equipment in the city of Tbilisi as identified under its Green City Action Plan ("GCAP") and approved by Tbilisi City Municipality (the "City") in September 2017. The Project addresses Tbilisi's priority environmental challenges of SWM and SL equipment modernisation as detailed in the Tbilisi GCAP. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52577XI-IATI-EBRD-55355European Bank for Reconstruction and DevelopmentProvision of a senior loan of up to EUR 23.5m to Arkas Lojistik A.S. (the " Borrower"). The Bank's proceeds will be used to finance the acquisition of heavy equipment, rail wagons and supplementary equipment ("Project"). The Project's goal is to strengthen the Borrower's competitive position in the logistics market in Türkiye.European Bank for Reconstruction and DevelopmentARKAS LOJISTIK ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGIZMIR38.41273 27.1383823500000ARKAS LOJISTIK ASPRIVATEPRIVATEPRIVATEProvision of a senior loan of up to EUR 23.5m to Arkas Lojistik A.S. (the " Borrower"). The Bank's proceeds will be used to finance the acquisition of heavy equipment, rail wagons and supplementary equipment ("Project"). The Project's goal is to strengthen the Borrower's competitive position in the logistics market in Türkiye. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55355XI-IATI-EBRD-55584European Bank for Reconstruction and DevelopmentA senior secured loan of up to EUR 22 million to Bioforce Viiratsi OU ("Bioforce Viiratsi" or the "Company"), a special purpose company incorporated in Estonia for the purpose of developing and operating a biomethane production plant (the "Project"). The Project will benefit from the EBRD InvestEU Framework for Biofuels Development. The Bank's proceeds will be used for the construction of a biomethane plant in Viiratsi in Estonia with an annual production capacity of 112 GWh. The Project is expected to contribute towards achieving the country's renewable fuel target and become the fourth waste-to-biomethane production plant of Bioforce Group OÜ (the "Group") and largest in the Baltic region, thus turning the Group into a leading producer in Estonia and an active promoter of green solutions to Estonia's public transport.European Bank for Reconstruction and DevelopmentBIOFORCE VIIRATSI OUEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTALLINN59.43696 24.753535848259.8822000000BIOFORCE VIIRATSI OUPRIVATEPRIVATEPRIVATEA senior secured loan of up to EUR 22 million to Bioforce Viiratsi OU ("Bioforce Viiratsi" or the "Company"), a special purpose company incorporated in Estonia for the purpose of developing and operating a biomethane production plant (the "Project"). The Project will benefit from the EBRD InvestEU Framework for Biofuels Development. The Bank's proceeds will be used for the construction of a biomethane plant in Viiratsi in Estonia with an annual production capacity of 112 GWh. The Project is expected to contribute towards achieving the country's renewable fuel target and become the fourth waste-to-biomethane production plant of Bioforce Group OÜ (the "Group") and largest in the Baltic region, thus turning the Group into a leading producer in Estonia and an active promoter of green solutions to Estonia's public transport. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55584XI-IATI-EBRD-54024European Bank for Reconstruction and DevelopmentThe Loan will finance the expansion of the Group's rail terminal in western Ukraine near the border with Poland, including the development of a grain transhipment complex and container yards facility. Part of the loan proceeds (estimated amount of EUR 3.8 million or 28% of total project cost) will be applied to finance expenditures incurred by the Company before the signing of the loan agreement (retroactive financing), including construction costs and purchase of equipment. The Project will improve Ukraine's transport connectivity with the EU by addressing the shortage of modern transhipment capacity at the Ukrainian / Polish border, which is one of the key infrastructure bottlenecks. Since the beginning of the war on 24th February 2022, Ukraine has been facing major disruptions to its economy and supply chains from the attacks on critical infrastructure and the blockade of its sea ports by Russia. The Project will facilitate the development of alternative transportation routes for grain exports from Ukraine and the container flows between Ukraine and the EU, which is of vital importance due to the ongoing war.European Bank for Reconstruction and DevelopmentAGROSEM LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.52389600000AGROSEM LLCPRIVATEPRIVATEPRIVATEThe Loan will finance the expansion of the Group's rail terminal in western Ukraine near the border with Poland, including the development of a grain transhipment complex and container yards facility. Part of the loan proceeds (estimated amount of EUR 3.8 million or 28% of total project cost) will be applied to finance expenditures incurred by the Company before the signing of the loan agreement (retroactive financing), including construction costs and purchase of equipment. The Project will improve Ukraine's transport connectivity with the EU by addressing the shortage of modern transhipment capacity at the Ukrainian / Polish border, which is one of the key infrastructure bottlenecks. Since the beginning of the war on 24th February 2022, Ukraine has been facing major disruptions to its economy and supply chains from the attacks on critical infrastructure and the blockade of its sea ports by Russia. The Project will facilitate the development of alternative transportation routes for grain exports from Ukraine and the container flows between Ukraine and the EU, which is of vital importance due to the ongoing war. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54024XI-IATI-EBRD-54359European Bank for Reconstruction and DevelopmentA Resilience and Livelihoods Guarantee (RLG) in the form of an unfunded risk-sharing instrument covering up to 50 per cent of the credit risk in newly originated sub-leases with the total value of €80 million equivalent (the "Covered Portfolio") to be originated by OTP Leasing in Ukraine subject to total 50 per cent portfolio cap. The Project will include a sub-limit under the SME Competitiveness Programme in the European Union's (EU) Eastern Partnership ("EaP SMEC" sub-limit, assigned with a separate EBRD project number 54684) of EUR40 million or 50% of the Covered Portfolio, to finance long term capital investments of micro-, small-, and medium sized enterprises (MSME) to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (70% of EaP SMEC sub-limit), thereby enhancing businesses' competitiveness. Eligible sub-borrowers will also receive technical assistance funded by the EU and grant support in the form of investment incentives upon the completion of their investment projects. The facility will be used to support lending to Ukrainian private companies (predominantly micro-, small-, and medium sized enterprises) operating in the primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in Ukraine.European Bank for Reconstruction and DevelopmentOTP LEASING LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.52381000000010000000OTP LEASING LLCPRIVATEPRIVATEPRIVATEA Resilience and Livelihoods Guarantee (RLG) in the form of an unfunded risk-sharing instrument covering up to 50 per cent of the credit risk in newly originated sub-leases with the total value of €80 million equivalent (the "Covered Portfolio") to be originated by OTP Leasing in Ukraine subject to total 50 per cent portfolio cap. The Project will include a sub-limit under the SME Competitiveness Programme in the European Union's (EU) Eastern Partnership ("EaP SMEC" sub-limit, assigned with a separate EBRD project number 54684) of EUR40 million or 50% of the Covered Portfolio, to finance long term capital investments of micro-, small-, and medium sized enterprises (MSME) to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (70% of EaP SMEC sub-limit), thereby enhancing businesses' competitiveness. Eligible sub-borrowers will also receive technical assistance funded by the EU and grant support in the form of investment incentives upon the completion of their investment projects. The facility will be used to support lending to Ukrainian private companies (predominantly micro-, small-, and medium sized enterprises) operating in the primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54359XI-IATI-EBRD-57333European Bank for Reconstruction and DevelopmentAn unfunded risk-sharing instrument covering 50% of the credit risk in newly originated sub-loans with the total value of EUR 104 million equivalent (the "Covered Portfolio") to be originated by UKRSIBBANK JSC in Ukraine. The Project will include three sub-limits with the Covered Portfolio made up of: (i) EUR 80 million under the Resilience and Livelihoods Guarantee product, (ii) EUR 4 million under EBRD's Energy Security Support Facility (assigned with a separate EBRD project number 57334) and (iii) EUR 20 million under the EU4Business-EBRD Credit Line with Incentives (assigned with a separate EBRD project number 57335). Under the Resilience and Livelihoods Guarantee product, sub-Loans will finance broad working capital and investment needs of Ukrainian private businesses across key economic sectors, helping sustain their operations and livelihoods. Under the Energy Security Support Facility, sub-loans will support key sectors vital to the country's energy security, prioritizing homeowners and homeowners' associations investing in residential renewable energy and energy efficiency projects in Ukraine. Under the EU4Business-EBRD Credit Line with Incentives, the EBRD and the EU support investment projects of local small and medium-sized enterprises ("SMEs"). The EBRD enables financing of long-term capital investments of SMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of the sub-limit), thereby enhancing businesses' competitiveness. Eligible sub-borrowers will also receive technical assistance funded by the EU and grant support in the form of investment incentives upon the completion of their investment projects. The facility will be used to support lending to Ukrainian sub-borrowers in sectors critical to safeguarding the country's resilience and essential for the country's energy security.European Bank for Reconstruction and DevelopmentUKRSIBBANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.52382000000020000000UKRSIBBANK JSCPRIVATEPRIVATEPRIVATEAn unfunded risk-sharing instrument covering 50% of the credit risk in newly originated sub-loans with the total value of EUR 104 million equivalent (the "Covered Portfolio") to be originated by UKRSIBBANK JSC in Ukraine. The Project will include three sub-limits with the Covered Portfolio made up of: (i) EUR 80 million under the Resilience and Livelihoods Guarantee product, (ii) EUR 4 million under EBRD's Energy Security Support Facility (assigned with a separate EBRD project number 57334) and (iii) EUR 20 million under the EU4Business-EBRD Credit Line with Incentives (assigned with a separate EBRD project number 57335). Under the Resilience and Livelihoods Guarantee product, sub-Loans will finance broad working capital and investment needs of Ukrainian private businesses across key economic sectors, helping sustain their operations and livelihoods. Under the Energy Security Support Facility, sub-loans will support key sectors vital to the country's energy security, prioritizing homeowners and homeowners' associations investing in residential renewable energy and energy efficiency projects in Ukraine. Under the EU4Business-EBRD Credit Line with Incentives, the EBRD and the EU support investment projects of local small and medium-sized enterprises ("SMEs"). The EBRD enables financing of long-term capital investments of SMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of the sub-limit), thereby enhancing businesses' competitiveness. Eligible sub-borrowers will also receive technical assistance funded by the EU and grant support in the form of investment incentives upon the completion of their investment projects. The facility will be used to support lending to Ukrainian sub-borrowers in sectors critical to safeguarding the country's resilience and essential for the country's energy security. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57333XI-IATI-EBRD-55310European Bank for Reconstruction and DevelopmentA senior unsecured local currency denominated loan of up to EUR 20 million equivalent to be provided to ProCredit Bank Ukraine ("PCBU") in two equal tranches of EUR 10 million each (the second tranche provided on an uncommitted basis). This medium-term local currency funding will be provided under the Resilience and Livelihoods Framework and will be used by PCBU for on-lending to private SMEs in Ukraine. The Project will help ProCredit Bank Ukraine to maintain a sustainable funding base during the crisis and provide continued access to finance for private SMEs affected by the ongoing war on Ukraine.European Bank for Reconstruction and DevelopmentPROCREDIT BANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.523817109628.49PROCREDIT BANK JSCPRIVATEPRIVATEPRIVATEA senior unsecured local currency denominated loan of up to EUR 20 million equivalent to be provided to ProCredit Bank Ukraine ("PCBU") in two equal tranches of EUR 10 million each (the second tranche provided on an uncommitted basis). This medium-term local currency funding will be provided under the Resilience and Livelihoods Framework and will be used by PCBU for on-lending to private SMEs in Ukraine. The Project will help ProCredit Bank Ukraine to maintain a sustainable funding base during the crisis and provide continued access to finance for private SMEs affected by the ongoing war on Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55310XI-IATI-EBRD-57066European Bank for Reconstruction and DevelopmentUkraine edtech Preply USD 20m - The Project entails an equity investment of up to USD 20m in Preply. The Project will enable Preply to accelerate its global growth by funding research and development activities in Ukraine, including AI-driven innovations to enhance personalised learning experiences and data capability improvements.European Bank for Reconstruction and DevelopmentPREPLY INCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.523817231370.58PREPLY INCPRIVATEPRIVATEPRIVATEThe Project entails an equity investment of up to USD 20m in Preply. The Project will enable Preply to accelerate its global growth by funding research and development activities in Ukraine, including AI-driven innovations to enhance personalised learning experiences and data capability improvements. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57066XI-IATI-EBRD-54642European Bank for Reconstruction and DevelopmentA loan of up to USD 100 million for the refinancing of MHP's ("MHP" or "the Group") Eurobonds maturing in 2024. The main objective of the Project is to enable the Group to sustain its financial resilience by refinancing its Eurobonds at a time of limited access to capital markets financing due to the ongoing war on Ukraine.European Bank for Reconstruction and DevelopmentMHP SEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.523887542677.05MHP SEPRIVATEPRIVATEPRIVATEA loan of up to USD 100 million for the refinancing of MHP's ("MHP" or "the Group") Eurobonds maturing in 2024. The main objective of the Project is to enable the Group to sustain its financial resilience by refinancing its Eurobonds at a time of limited access to capital markets financing due to the ongoing war on Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54642XI-IATI-EBRD-54482European Bank for Reconstruction and DevelopmentResilience and Livelihoods Guarantee (RLG) sub-limit under the Resilience and Livelihoods Framework in the form of an unfunded portfolio risk-sharing instrument in the amount of up to EUR 10.625 million (in two equal tranches). The guarantee covers up to 50% of the credit risk in newly originated sub-loans with the total value of EUR 42.5 million equivalent (the "Covered Portfolio"). The Project will support lending to Ukrainian private companies operating in the primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in Ukraine.European Bank for Reconstruction and DevelopmentCREDIT AGRICOLE BANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.52381062500010625000CREDIT AGRICOLE BANK JSCPRIVATEPRIVATEPRIVATEResilience and Livelihoods Guarantee (RLG) sub-limit under the Resilience and Livelihoods Framework in the form of an unfunded portfolio risk-sharing instrument in the amount of up to EUR 10.625 million (in two equal tranches). The guarantee covers up to 50% of the credit risk in newly originated sub-loans with the total value of EUR 42.5 million equivalent (the "Covered Portfolio"). The Project will support lending to Ukrainian private companies operating in the primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54482XI-IATI-EBRD-52331European Bank for Reconstruction and DevelopmentOn 7 October 2020, the EBRD invested EUR 20 million (20% participation) in a senior preferred bond issued by Slovenska sporitelna, a.s. ("SLSP") as part of an issuance of EUR 100 million listed on the Bratislava Stock Exchange. On 9 June 2021, the EBRD invested EUR 20 million (20% participation) in the inaugural senior preferred Green Bond issued by SLSP. The Project aims to support Green-impact targets with a 100% allocation of EBRD investments in GET-eligible sub-projects as well as participation in Green bonds issued by SLSP. The Project also supports the resilience and regulatory compliance of the largest bank in the Slovak Republic, as well as contributes to the capital market development of the country.European Bank for Reconstruction and DevelopmentSLOVENSKA SPORITELNA ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBRATISLAVA48.14816 17.1067420000000SLOVENSKA SPORITELNA ASPRIVATEPRIVATEPRIVATEOn 7 October 2020, the EBRD invested EUR 20 million (20% participation) in a senior preferred bond issued by Slovenska sporitelna, a.s. ("SLSP") as part of an issuance of EUR 100 million listed on the Bratislava Stock Exchange. On 9 June 2021, the EBRD invested EUR 20 million (20% participation) in the inaugural senior preferred Green Bond issued by SLSP. The Project aims to support Green-impact targets with a 100% allocation of EBRD investments in GET-eligible sub-projects as well as participation in Green bonds issued by SLSP. The Project also supports the resilience and regulatory compliance of the largest bank in the Slovak Republic, as well as contributes to the capital market development of the country. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52331XI-IATI-EBRD-50014European Bank for Reconstruction and DevelopmentAn equity investment in Innovation Nest Fund II SCSp (the "Fund"). The project will form part of the Bank's Early-Stage Innovation Facility, a EUR 100 million facility through which the EBRD selectively invests in commercially-oriented early-stage venture capital funds. The Fund will make equity, quasi-equity, and equity related investments predominantly in early-stage cloud based B2B software companies in Central and South-Eastern Europe, with the objective of achieving long-term capital appreciation.European Bank for Reconstruction and DevelopmentINNOVATION NEST II SCSPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTIRANA41.3275 19.81889SARAJEVO43.84864 18.35644SOFIA42.69751 23.32415TALLINN59.43696 24.75353ZAGREB45.81444 15.97798BUDAPEST47.49835 19.04045PRISTINA42.67272 21.16688VILNIUS54.68916 25.2798RIGA56.946 24.10589PODGORICA42.44111 19.26361WARSAW52.22977 21.01178BUCHAREST44.43225 26.10626BELGRADE44.80401 20.46513LJUBLJANA46.05108 14.50513BRATISLAVA48.14816 17.10674535577.168000000INNOVATION NEST II SCSPPRIVATEPRIVATEPRIVATEAn equity investment in Innovation Nest Fund II SCSp (the "Fund"). The project will form part of the Bank's Early-Stage Innovation Facility, a EUR 100 million facility through which the EBRD selectively invests in commercially-oriented early-stage venture capital funds. The Fund will make equity, quasi-equity, and equity related investments predominantly in early-stage cloud based B2B software companies in Central and South-Eastern Europe, with the objective of achieving long-term capital appreciation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50014XI-IATI-EBRD-51350European Bank for Reconstruction and DevelopmentAn unfunded guarantee of up to €75 million in local currency equivalent in favour of Raiffeisen Bank Ukraine (RBUA), a joint stock company incorporated in Ukraine. The guarantee will have an initial tenor of three years. The guarantee will cover the risk of non-payment of local currency sovereign bonds held by RBUA. The guarantee will enable RBUA to make new sub-loans to private sector borrowers at a multiple of the guaranteed amount. At least €22.5 million in local currency equivalent will be allocated towards Green Economy Transition (GET) eligible sub-projects.European Bank for Reconstruction and DevelopmentRAIFFEISEN BANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.523844903544.43RAIFFEISEN BANK JSCPRIVATEPRIVATEPRIVATEAn unfunded guarantee of up to €75 million in local currency equivalent in favour of Raiffeisen Bank Ukraine (RBUA), a joint stock company incorporated in Ukraine. The guarantee will have an initial tenor of three years. The guarantee will cover the risk of non-payment of local currency sovereign bonds held by RBUA. The guarantee will enable RBUA to make new sub-loans to private sector borrowers at a multiple of the guaranteed amount. At least €22.5 million in local currency equivalent will be allocated towards Green Economy Transition (GET) eligible sub-projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51350XI-IATI-EBRD-53353European Bank for Reconstruction and DevelopmentProvision of a senior long-term loan to Studenac d.o.o. (the "Company"), the largest food retailer in Croatia by number of stores, for acquisition of Pemo and Lonia (food retailers in Croatia), future investments and refinancing of the portion of the existing loan. The loan will support the Company in its expansion efforts as well as expected further efficiency and profitability improvements.European Bank for Reconstruction and DevelopmentSTUDENAC DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGOMIS43.44472 16.6886137128205STUDENAC DOOPRIVATEPRIVATEPRIVATEProvision of a senior long-term loan to Studenac d.o.o. (the "Company"), the largest food retailer in Croatia by number of stores, for acquisition of Pemo and Lonia (food retailers in Croatia), future investments and refinancing of the portion of the existing loan. The loan will support the Company in its expansion efforts as well as expected further efficiency and profitability improvements. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53353XI-IATI-EBRD-56053European Bank for Reconstruction and DevelopmentEquity investment in Nomagic, a platform for Autonomous Intelligent Robotics for warehousing. Equity investment into Series B financing round of Nomagic.European Bank for Reconstruction and DevelopmentNOMAGIC INCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.0117814477369.51NOMAGIC INCPRIVATEPRIVATEPRIVATEEquity investment in Nomagic, a platform for Autonomous Intelligent Robotics for warehousing. Equity investment into Series B financing round of Nomagic. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56053XI-IATI-EBRD-56515European Bank for Reconstruction and DevelopmentA senior loan of up to USD 20 million from EBRD to AB under the Youth in Business for Caucasus Programme ("the Programme"), aimed at supporting youth-led and youth-owned micro, small, and medium sized enterprises in Azerbaijan. The loan will be provided in two equal tranches, of which the second will be uncommitted. Each tranche will be provided for 3 years, including a grace period of 1 year, and subsequent equal semi-annual repayments. The commitment of the second tranche will be delegated to Management. Null ValueEuropean Bank for Reconstruction and DevelopmentACCESSBANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBAKU40.37767 49.892018754267.71ACCESSBANK CJSCPRIVATEPRIVATEPRIVATEA senior loan of up to USD 20 million from EBRD to AB under the Youth in Business for Caucasus Programme ("the Programme"), aimed at supporting youth-led and youth-owned micro, small, and medium sized enterprises in Azerbaijan. The loan will be provided in two equal tranches, of which the second will be uncommitted. Each tranche will be provided for 3 years, including a grace period of 1 year, and subsequent equal semi-annual repayments. The commitment of the second tranche will be delegated to Management. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56515XI-IATI-EBRD-52943European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 25 million, to be provided in one or two tranches. The loan will have a tenor of 3-years and 1 month from the signing date of the loan agreement and will be provided under the Turkey Sustainable Energy Financing Facility III ("TurSEFF III" or the "Framework", BDS16-107). The proposed facility under TurSEFF III will be the EBRD`s first transaction with BNP Paribas Finansal Kiralama A.S. The client has demonstrated strong interest to participate in the TurSEFF programme and contribute to the achievement of its objectives. The client has an ambition to diversify its funding base which the proposed facility would support. Green and sustainable investments are among the main focus areas of BNP Paribas Finansal Kiralama A.S. and the proposed facility will help the Company to expand its on-lending to private sector SMEs (incl. micro segment) for energy efficiency, water efficiency, waste minimisation, and small scale renewable energy investments.European Bank for Reconstruction and DevelopmentBNP PARIBAS FINANSAL KIRALAMA ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496625000000BNP PARIBAS FINANSAL KIRALAMA ASPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 25 million, to be provided in one or two tranches. The loan will have a tenor of 3-years and 1 month from the signing date of the loan agreement and will be provided under the Turkey Sustainable Energy Financing Facility III ("TurSEFF III" or the "Framework", BDS16-107). The proposed facility under TurSEFF III will be the EBRD`s first transaction with BNP Paribas Finansal Kiralama A.S. The client has demonstrated strong interest to participate in the TurSEFF programme and contribute to the achievement of its objectives. The client has an ambition to diversify its funding base which the proposed facility would support. Green and sustainable investments are among the main focus areas of BNP Paribas Finansal Kiralama A.S. and the proposed facility will help the Company to expand its on-lending to private sector SMEs (incl. micro segment) for energy efficiency, water efficiency, waste minimisation, and small scale renewable energy investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52943XI-IATI-EBRD-53773European Bank for Reconstruction and DevelopmentEBRD has acquired a minority stake in Elba Bant Sanayi ve Ticaret Anonim Sirketi ("Elba Bant" or the "Company"), a leading producer of protective films and adhesive tapes in Türkiye, alongside local private equity firm Mediterra Capital Partners. The Bank's equity investment amounted to EUR 9.9 million. The Project will support the development of Elba Bant by making the Company more competitive and export-focused via enhanced management and corporate structures and improvements in the strategic orientation of the business.European Bank for Reconstruction and DevelopmentPROTECTION SARLEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANKARA39.91987 32.854279900000PROTECTION SARLPRIVATEPRIVATEPRIVATEEBRD has acquired a minority stake in Elba Bant Sanayi ve Ticaret Anonim Sirketi ("Elba Bant" or the "Company"), a leading producer of protective films and adhesive tapes in Türkiye, alongside local private equity firm Mediterra Capital Partners. The Bank's equity investment amounted to EUR 9.9 million. The Project will support the development of Elba Bant by making the Company more competitive and export-focused via enhanced management and corporate structures and improvements in the strategic orientation of the business. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53773XI-IATI-EBRD-54930European Bank for Reconstruction and DevelopmentThe EBRD will provide up to EUR25 million loan to Kipas Mensucat to support Company's funding needs to (i) repair damaged factory buildings and replace/repair new machinery, (ii) support working capital to pay accrued VAT and corporate taxes and (iii) pay accrued social security premiums while supporting other HR related expenses. Project objective is to mitigate the impact of the devastating earthquake and EBRD loan proceeds will address subsequent working capital needs and maintain extra liquidity buffer. The support under the proposed loan is crucial to preserve livelihoods, entrepreneurial and human capital in the aftermath of the disaster. Adequate working capital will ensure the Company to continue its day-to-day operations without facing any disruptions.European Bank for Reconstruction and DevelopmentKIPAS MENSUCAT ISLETMELERI ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKAHRAMANMARAS37.5847 36.926425000000KIPAS MENSUCAT ISLETMELERI ASPRIVATEPRIVATEPRIVATEThe EBRD will provide up to EUR25 million loan to Kipas Mensucat to support Company's funding needs to (i) repair damaged factory buildings and replace/repair new machinery, (ii) support working capital to pay accrued VAT and corporate taxes and (iii) pay accrued social security premiums while supporting other HR related expenses. Project objective is to mitigate the impact of the devastating earthquake and EBRD loan proceeds will address subsequent working capital needs and maintain extra liquidity buffer. The support under the proposed loan is crucial to preserve livelihoods, entrepreneurial and human capital in the aftermath of the disaster. Adequate working capital will ensure the Company to continue its day-to-day operations without facing any disruptions. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54930XI-IATI-EBRD-55451European Bank for Reconstruction and DevelopmentThe NGEN BESS Project involves the development, construction, and operation of five standalone battery energy storage ("BESS") facilities across Slovenia, Poland, Latvia, and Romania, with a combined capacity of 302 MW / 604 MWh (the "Project"). The Project represents one of the first multi-country, merchant-based storage portfolios in the region and is expected to play a critical role in energy security by supporting grid stability and enabling the integration of increasing volumes of renewable generation. The Project's financing structure consists of a senior secured loan of up to EUR 70 million, eligible for capital, operating, and development expenditures. The operation is expected to benefit from a first-loss guarantee under the InvestEU Fund, supporting sustainable infrastructure development across EU Member States. The Project aims to enhance energy system resilience by providing flexible, fast-responding storage capacity optimised through NGEN's AI-driven Energy Smart Grid Platform ("ESGP"). This will help reduce renewable curtailment, alleviate critical grid bottlenecks, and support realitime balancing and ancillary services across the Project's target markets. Ultimately, the Project contributes to national and EU-wide decarbonisation objectives by enabling higher renewable energy integration, improving system reliability, and supporting the transition toward a more flexible, low-carbon electricity mix.European Bank for Reconstruction and DevelopmentNGEN ENERGETSKE RESITVE DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGRIGA56.946 24.10589WARSAW52.22977 21.01178BUCHAREST44.43225 26.10626LJUBLJANA46.05108 14.505132000000070000000NGEN ENERGETSKE RESITVE DOOPRIVATEPRIVATEPRIVATEThe NGEN BESS Project involves the development, construction, and operation of five standalone battery energy storage ("BESS") facilities across Slovenia, Poland, Latvia, and Romania, with a combined capacity of 302 MW / 604 MWh (the "Project"). The Project represents one of the first multi-country, merchant-based storage portfolios in the region and is expected to play a critical role in energy security by supporting grid stability and enabling the integration of increasing volumes of renewable generation. The Project's financing structure consists of a senior secured loan of up to EUR 70 million, eligible for capital, operating, and development expenditures. The operation is expected to benefit from a first-loss guarantee under the InvestEU Fund, supporting sustainable infrastructure development across EU Member States. The Project aims to enhance energy system resilience by providing flexible, fast-responding storage capacity optimised through NGEN's AI-driven Energy Smart Grid Platform ("ESGP"). This will help reduce renewable curtailment, alleviate critical grid bottlenecks, and support realitime balancing and ancillary services across the Project's target markets. Ultimately, the Project contributes to national and EU-wide decarbonisation objectives by enabling higher renewable energy integration, improving system reliability, and supporting the transition toward a more flexible, low-carbon electricity mix. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55451XI-IATI-EBRD-55210European Bank for Reconstruction and DevelopmentAn equity investment of up to EUR 16.7 million in a controlling entity of Bielenda Kosmetyki Naturalne S.A. ("Bielenda", the "Company"), the largest Polish manufacturer of facial care products and other cosmetics. The Bank's funds, together with additional equity contributions, will be used to support Bielenda's growth through financing the acquisition of Kanani Europe Sp. z o.o., the owner of complementary portfolio of skin care cosmetics for women under "Miya" brand. The project will support Bielenda's plan of strengthening its position as a successful domestic cosmetics manufacturer in Poland, laying the foundations for the company's dynamic growth in the country and abroad and improving its competitiveness in the uncertain business environment. It will also support private equity ecosystem in Poland during a period of reduced liquidity and increased investor risk aversion and contributing to the resilience of the capital markets.European Bank for Reconstruction and DevelopmentINNOVA CENTRAL HOLDING SCAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.0117816700000INNOVA CENTRAL HOLDING SCAPRIVATEPRIVATEPRIVATEAn equity investment of up to EUR 16.7 million in a controlling entity of Bielenda Kosmetyki Naturalne S.A. ("Bielenda", the "Company"), the largest Polish manufacturer of facial care products and other cosmetics. The Bank's funds, together with additional equity contributions, will be used to support Bielenda's growth through financing the acquisition of Kanani Europe Sp. z o.o., the owner of complementary portfolio of skin care cosmetics for women under "Miya" brand. The project will support Bielenda's plan of strengthening its position as a successful domestic cosmetics manufacturer in Poland, laying the foundations for the company's dynamic growth in the country and abroad and improving its competitiveness in the uncertain business environment. It will also support private equity ecosystem in Poland during a period of reduced liquidity and increased investor risk aversion and contributing to the resilience of the capital markets. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55210XI-IATI-EBRD-53821European Bank for Reconstruction and DevelopmentEquity investment in Craft, a provider of next generation document editor with operations and product development centre in Hungary. Null ValueEuropean Bank for Reconstruction and DevelopmentLUKI LABS LTDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUDAPEST47.49835 19.040457499848.74LUKI LABS LTDPRIVATEPRIVATEPRIVATEEquity investment in Craft, a provider of next generation document editor with operations and product development centre in Hungary. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53821XI-IATI-EBRD-45779European Bank for Reconstruction and DevelopmentThe EBRD is providing a loan to the Lviv Communal Enterprise "Lvivvodokanal", a municipally owned water and wastewater utility operating in the city of Lviv, to finance the rehabilitation and upgrade of the wastewater treatment infrastructure, as well as the installation of a biogas production capacity in the City (the "Project"). The project aims at improving wastewater treatment in Lviv, reducing the pollution discharged into the Poltva River (the Baltic Sea Basin), enabling the City to reduce greenhouse gas emissions and achieving significant energy saving by installing the biogas production capacity. Null ValueEuropean Bank for Reconstruction and DevelopmentWATER AND SEWAGE COMPANY OF THE CITY OF LVIVEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGLVIV49.83826 24.023247063313.5315000000WATER AND SEWAGE COMPANY OF THE CITY OF LVIV3436306.7WATER AND SEWAGE COMPANY OF THE CITY OF LVIV900942.75WATER AND SEWAGE COMPANY OF THE CITY OF LVIV1383992.83WATER AND SEWAGE COMPANY OF THE CITY OF LVIV1181219.49WATER AND SEWAGE COMPANY OF THE CITY OF LVIV1034224.7WATER AND SEWAGE COMPANY OF THE CITY OF LVIVSTATESTATESTATESTATEThe EBRD is providing a loan to the Lviv Communal Enterprise "Lvivvodokanal", a municipally owned water and wastewater utility operating in the city of Lviv, to finance the rehabilitation and upgrade of the wastewater treatment infrastructure, as well as the installation of a biogas production capacity in the City (the "Project"). The project aims at improving wastewater treatment in Lviv, reducing the pollution discharged into the Poltva River (the Baltic Sea Basin), enabling the City to reduce greenhouse gas emissions and achieving significant energy saving by installing the biogas production capacity. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/45779XI-IATI-EBRD-54396European Bank for Reconstruction and DevelopmentAn equity investment of up to EUR 10 million in favour of Siena Secondary Fund II (the "Fund") targeting technology driven companies in the Baltic States, Central and Eastern Europe ("CEE") and selectively also in the Nordic region. The Fund will make equity and quasi-equity investments in innovative technology driven companies in the Baltic States, Central and Eastern Europe and selectively also in the Nordic region (the "Target Region").European Bank for Reconstruction and DevelopmentSIENA SECONDARY FUND IIEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRAGUE50.08804 14.42076TALLINN59.43696 24.75353ZAGREB45.81444 15.97798BUDAPEST47.49835 19.04045VILNIUS54.68916 25.2798RIGA56.946 24.10589WARSAW52.22977 21.01178BUCHAREST44.43225 26.106267629733.5310000000SIENA SECONDARY FUND IIPRIVATEPRIVATEPRIVATEAn equity investment of up to EUR 10 million in favour of Siena Secondary Fund II (the "Fund") targeting technology driven companies in the Baltic States, Central and Eastern Europe ("CEE") and selectively also in the Nordic region. The Fund will make equity and quasi-equity investments in innovative technology driven companies in the Baltic States, Central and Eastern Europe and selectively also in the Nordic region (the "Target Region"). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54396XI-IATI-EBRD-56473European Bank for Reconstruction and DevelopmentThe proposed transaction is a senior secured sustainability linked loan (the "Loan") of up to EUR 36.8 mn to DP Olsztynek. The Loan will be split in two tranches, Tranche 1 of up to EUR 35.8mn, for the purpose of extending the maturity of the existing indebtedness of the Borrower (an existing loan from PKO BP), and Tranche 2 of up to EUR 1 million for financing of green capex. The Loan will be co-financed with PKO BP and split equally between the lenders. The objectives of the project is to promote green capex investment, aligning it with EU decarbonisation goals, and to promote the adoption of green financing products in Polish real estate market by introducing the Borrower to Sustainability Linked Loan structure. With EBRD's expertise in designing measurable sustainability targets and incentives for improved environmental performance the Borrower is expected to improve its energy efficiency to be within the top 15% of the national building stock. Furthermore, EBRD's participation will diversity the funding base of the Project and will make the funding structure more resilient.European Bank for Reconstruction and DevelopmentDP OLSZTYNEK SP ZOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.0117817820454.2517820454.25DP OLSZTYNEK SP ZOOPRIVATEPRIVATEPRIVATEThe proposed transaction is a senior secured sustainability linked loan (the "Loan") of up to EUR 36.8 mn to DP Olsztynek. The Loan will be split in two tranches, Tranche 1 of up to EUR 35.8mn, for the purpose of extending the maturity of the existing indebtedness of the Borrower (an existing loan from PKO BP), and Tranche 2 of up to EUR 1 million for financing of green capex. The Loan will be co-financed with PKO BP and split equally between the lenders. The objectives of the project is to promote green capex investment, aligning it with EU decarbonisation goals, and to promote the adoption of green financing products in Polish real estate market by introducing the Borrower to Sustainability Linked Loan structure. With EBRD's expertise in designing measurable sustainability targets and incentives for improved environmental performance the Borrower is expected to improve its energy efficiency to be within the top 15% of the national building stock. Furthermore, EBRD's participation will diversity the funding base of the Project and will make the funding structure more resilient. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56473XI-IATI-EBRD-43908European Bank for Reconstruction and DevelopmentThe EBRD is making an equity commitment of up to USD 25 million in Zubr Capital Fund 1 LP (the "Fund"), a Jersey limited partnership. The Fund is targeting USD 100 million of capital commitments. The Fund will predominantly make minority equity investments into medium-sized companies in Belarus. The Bank's participation will help the fund, a first in the country, achieve its first closing.European Bank for Reconstruction and DevelopmentZUBR CAPITAL FUND I LPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGMINSK53.9 27.566677354715.6716538419ZUBR CAPITAL FUND I LPPRIVATEPRIVATEPRIVATEThe EBRD is making an equity commitment of up to USD 25 million in Zubr Capital Fund 1 LP (the "Fund"), a Jersey limited partnership. The Fund is targeting USD 100 million of capital commitments. The Fund will predominantly make minority equity investments into medium-sized companies in Belarus. The Bank's participation will help the fund, a first in the country, achieve its first closing. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/43908XI-IATI-EBRD-54896European Bank for Reconstruction and DevelopmentThe project entails provision of a convertible loan to Preply Inc. through Horizon Capital Growth Fund IV Co-Investment I, L.P. Proceeds of the convertible loan will be used to finance AI self-learning and AI assessment and progress tools. Original investment, as well as the first follow-on investment in February 2024 financed acquisition of Preply Inc. shares through Horizon Capital Growth Fund IV Co-Investment I, L.P. Proceeds were used primarily for research and development activities of Preply in Ukraine, while a portion of proceeds will finance acquisition of shares from existing shareholders. The main objective of the Project is to support further growth by funding ongoing research and development activities in Ukraine.European Bank for Reconstruction and DevelopmentHCGF IV CO-INVESTMENT I LPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.5238354401.78432420.35HCGF IV CO-INVESTMENT I LPPRIVATEPRIVATEPRIVATEThe project entails provision of a convertible loan to Preply Inc. through Horizon Capital Growth Fund IV Co-Investment I, L.P. Proceeds of the convertible loan will be used to finance AI self-learning and AI assessment and progress tools. Original investment, as well as the first follow-on investment in February 2024 financed acquisition of Preply Inc. shares through Horizon Capital Growth Fund IV Co-Investment I, L.P. Proceeds were used primarily for research and development activities of Preply in Ukraine, while a portion of proceeds will finance acquisition of shares from existing shareholders. The main objective of the Project is to support further growth by funding ongoing research and development activities in Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54896XI-IATI-EBRD-50503European Bank for Reconstruction and DevelopmentA EUR 2.5 million loan to the Municipal Enterprise "Balti Trolleybus Department" or the Company. The loan will support the expansion and improvement of the existing trolleybus network of the city of Balti, or the City. It will finance the acquisition of circa 10 new low floor trolleybuses with autonomous course (opportunity charging batteries) to run on new, extended routes of the trolleybus network. The financing will also help the Company to acquire technical maintenance vehicles and rehabilitate old power supply infrastructure. The Project promotes resource efficiency by expansion of energy-efficient trolleybus service and rehabilitation the old power supply infrastructure. The Project is complemented by a technical cooperation (TC) package, which includes project implementation support, the development of a sustainable public transport plan and preparation of Green City Action Plan (GCAP) for the city of Balti.European Bank for Reconstruction and DevelopmentTROLLEYBUS COMPANY OF THE CITY OF BALTIEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBALTI47.76314 27.929322500000TROLLEYBUS COMPANY OF THE CITY OF BALTI319261.33TROLLEYBUS COMPANY OF THE CITY OF BALTI875198.67TROLLEYBUS COMPANY OF THE CITY OF BALTI647996.35TROLLEYBUS COMPANY OF THE CITY OF BALTI433297.15TROLLEYBUS COMPANY OF THE CITY OF BALTI202953.64TROLLEYBUS COMPANY OF THE CITY OF BALTISTATESTATESTATESTATEA EUR 2.5 million loan to the Municipal Enterprise "Balti Trolleybus Department" or the Company. The loan will support the expansion and improvement of the existing trolleybus network of the city of Balti, or the City. It will finance the acquisition of circa 10 new low floor trolleybuses with autonomous course (opportunity charging batteries) to run on new, extended routes of the trolleybus network. The financing will also help the Company to acquire technical maintenance vehicles and rehabilitate old power supply infrastructure. The Project promotes resource efficiency by expansion of energy-efficient trolleybus service and rehabilitation the old power supply infrastructure. The Project is complemented by a technical cooperation (TC) package, which includes project implementation support, the development of a sustainable public transport plan and preparation of Green City Action Plan (GCAP) for the city of Balti. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50503XI-IATI-EBRD-51975European Bank for Reconstruction and DevelopmentThe provision of a senior sovereign-guaranteed loan of up to €63 million to Ukrposhta JSC, the national postal operator of Ukraine, consisting of three tranches: i Tranche 1 of up to €23 million for the acquisition and equipping of postal vans to be deployed in rural areas ("Mobile Post Offices") ii Tranche 2 of up to €30 million for the development of modern automated sorting hubs in the regional centres and an associated network of regional sorting depots, aquisition of e-bikes and trucks for the Company's operating fleet. iii Tranche 3 of up EUR 10 million for the acquisition and equipping of additional postal vans to complete the program of Mobile Post Office deployment in rural areas across the country, as well as investments in universal mobile devices and Front Office Digitalisation component (IT systems for mobile post office). The first and third tranches will support the reorganisation of Ukrposhta's branch network to ensure sustainable provision of modern delivery, retail and other services to the country's rural population. The second tranche will help focus on the transformation of Ukrposhta's logistical model to improve operating efficiency and quality of service in its delivery business.European Bank for Reconstruction and DevelopmentUKRPOSHTA SCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.52387273210.7663000000UKRPOSHTA SC530000UKRPOSHTA SC100000UKRPOSHTA SC21793934.32UKRPOSHTA SC976065.68UKRPOSHTA SC3784513.71UKRPOSHTA SC1434604.15UKRPOSHTA SC897000UKRPOSHTA SC618480UKRPOSHTA SC522000UKRPOSHTA SC3000000UKRPOSHTA SC3421577.76UKRPOSHTA SC1609721.21UKRPOSHTA SC811523.03UKRPOSHTA SC3000000UKRPOSHTA SC3685682.39UKRPOSHTA SC2875253.64UKRPOSHTA SC4048396.01UKRPOSHTA SC2618037.34UKRPOSHTA SCSTATESTATESTATESTATEThe provision of a senior sovereign-guaranteed loan of up to €63 million to Ukrposhta JSC, the national postal operator of Ukraine, consisting of three tranches: i Tranche 1 of up to €23 million for the acquisition and equipping of postal vans to be deployed in rural areas ("Mobile Post Offices") ii Tranche 2 of up to €30 million for the development of modern automated sorting hubs in the regional centres and an associated network of regional sorting depots, aquisition of e-bikes and trucks for the Company's operating fleet. iii Tranche 3 of up EUR 10 million for the acquisition and equipping of additional postal vans to complete the program of Mobile Post Office deployment in rural areas across the country, as well as investments in universal mobile devices and Front Office Digitalisation component (IT systems for mobile post office). The first and third tranches will support the reorganisation of Ukrposhta's branch network to ensure sustainable provision of modern delivery, retail and other services to the country's rural population. The second tranche will help focus on the transformation of Ukrposhta's logistical model to improve operating efficiency and quality of service in its delivery business. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51975XI-IATI-EBRD-53763European Bank for Reconstruction and DevelopmentProvision of a senior loan of up to USD 50 million (the "Loan") in favour of Beko Egypt Home Appliances Industries LLC to finance the establishment of its first production facility in Egypt, at the Industrial Zone in 10th of Ramadan City, Ash Sharqiyah. The Loan will finance the development of a greenfield regional manufacturing hub in Egypt with an annual capacity of 1.1m units (600k units of refrigerator and 500k units of oven), out of which 60% will be directed for exports to diversified markets including European countries, the Middle East and Africa. The new products manufactured in the facility will increase access to high-energy class refrigerators and ovens, which are well beyond current market standards in the MENA region. The Project's total investment cost amounts to c. USD 100m, with the new facility expected to start operations by 1H 2024. The Bank's financing will be mainly directed towards the construction of the production facility building, which will be LEED Gold certified, and the establishment of an R&D centre.European Bank for Reconstruction and DevelopmentBEKO EGYPT HOME APPLIANCES INDUSTRIES LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BG10TH OF RAMADAN CITY30.29636 31.7463343771338.53BEKO EGYPT HOME APPLIANCES INDUSTRIES LLCPRIVATEPRIVATEPRIVATEProvision of a senior loan of up to USD 50 million (the "Loan") in favour of Beko Egypt Home Appliances Industries LLC to finance the establishment of its first production facility in Egypt, at the Industrial Zone in 10th of Ramadan City, Ash Sharqiyah. The Loan will finance the development of a greenfield regional manufacturing hub in Egypt with an annual capacity of 1.1m units (600k units of refrigerator and 500k units of oven), out of which 60% will be directed for exports to diversified markets including European countries, the Middle East and Africa. The new products manufactured in the facility will increase access to high-energy class refrigerators and ovens, which are well beyond current market standards in the MENA region. The Project's total investment cost amounts to c. USD 100m, with the new facility expected to start operations by 1H 2024. The Bank's financing will be mainly directed towards the construction of the production facility building, which will be LEED Gold certified, and the establishment of an R&D centre. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53763XI-IATI-EBRD-53385European Bank for Reconstruction and DevelopmentProvision of a senior loan to HSBC Bank Armenia ("HSBC") of up to USD 2.0 million, of which up to USD 1.5 million to be provided by the European Bank for Reconstruction and Development ("EBRD") and up to USD 0.5 million by the Green Climate Fund ("GCF") under the GCF-Green Economy Financing Facility ("GEFF") Regional Programme. The proceeds of the loan will be used for financing investments in climate change mitigation and adaptation technologies by local private sector commercial sub-borrowers in a gender-responsive way in line with the standards and reporting requirements for the GEFF in Armenia. 100 per cent of the loan proceeds will be related to Green Economy Transition investments. The client will benefit from Technical Cooperation ("TC") in form of trainings, capacity building and support for project implementation from the dedicated programme consultants.European Bank for Reconstruction and DevelopmentINDUSTRIAL CONSTRUCTION BANK CJSC ARDSHINBANKEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYEREVAN40.18111 44.513611313140.16INDUSTRIAL CONSTRUCTION BANK CJSC ARDSHINBANKPRIVATEPRIVATEPRIVATEProvision of a senior loan to HSBC Bank Armenia ("HSBC") of up to USD 2.0 million, of which up to USD 1.5 million to be provided by the European Bank for Reconstruction and Development ("EBRD") and up to USD 0.5 million by the Green Climate Fund ("GCF") under the GCF-Green Economy Financing Facility ("GEFF") Regional Programme. The proceeds of the loan will be used for financing investments in climate change mitigation and adaptation technologies by local private sector commercial sub-borrowers in a gender-responsive way in line with the standards and reporting requirements for the GEFF in Armenia. 100 per cent of the loan proceeds will be related to Green Economy Transition investments. The client will benefit from Technical Cooperation ("TC") in form of trainings, capacity building and support for project implementation from the dedicated programme consultants. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53385XI-IATI-EBRD-56824European Bank for Reconstruction and DevelopmentA senior unsecured local currency denominated loan of up to EUR 20 million equivalent to be provided to ProCredit Bank Ukraine ("PCBU") in two equal tranches of EUR 10 million each (the second tranche provided on an uncommitted basis). This medium-term local currency funding will be provided under the EBRD's Resilience and Livelihoods Framework and FIF - EaP SMECI Framework and will be used by PCBU for on-lending to private SMEs in Ukraine. Up to EUR 5 million will be directed to finance SMEs' long-term investments under the EU4Business-EBRD Credit Line with Incentives (within a dedicated sub-limit assigned with a separate EBRD project number 56722). This will enable financing of long-term capital investments of SMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of the sub-limit), thereby enhancing their competitiveness. Eligible sub-borrowers will also receive technical assistance funded by the EU and grant support in the form of investment incentives upon the completion of their investment projects. The Project will help ProCredit Bank Ukraine to maintain a sustainable funding base during the crisis and provide continued access to finance for private businesses, including SMEs affected by the ongoing war on Ukraine.European Bank for Reconstruction and DevelopmentPROCREDIT BANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.523814828523.76PROCREDIT BANK JSCPRIVATEPRIVATEPRIVATEA senior unsecured local currency denominated loan of up to EUR 20 million equivalent to be provided to ProCredit Bank Ukraine ("PCBU") in two equal tranches of EUR 10 million each (the second tranche provided on an uncommitted basis). This medium-term local currency funding will be provided under the EBRD's Resilience and Livelihoods Framework and FIF - EaP SMECI Framework and will be used by PCBU for on-lending to private SMEs in Ukraine. Up to EUR 5 million will be directed to finance SMEs' long-term investments under the EU4Business-EBRD Credit Line with Incentives (within a dedicated sub-limit assigned with a separate EBRD project number 56722). This will enable financing of long-term capital investments of SMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of the sub-limit), thereby enhancing their competitiveness. Eligible sub-borrowers will also receive technical assistance funded by the EU and grant support in the form of investment incentives upon the completion of their investment projects. The Project will help ProCredit Bank Ukraine to maintain a sustainable funding base during the crisis and provide continued access to finance for private businesses, including SMEs affected by the ongoing war on Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56824XI-IATI-EBRD-56272European Bank for Reconstruction and DevelopmentProvision of a EUR 30 million long-term loan to Scandagra Group A.B. ("Scandagra" or the "company"), a leading agribusiness trader and inputs supplier to farmers in Lithuania, Latvia and Estonia. The EBRD funding will be used to finance part of Scandagra's working capital needs.European Bank for Reconstruction and DevelopmentSCANDAGRA GROUP ABEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTALLINN59.43696 24.75353VILNIUS54.68916 25.2798RIGA56.946 24.1058930000000SCANDAGRA GROUP ABPRIVATEPRIVATEPRIVATEProvision of a EUR 30 million long-term loan to Scandagra Group A.B. ("Scandagra" or the "company"), a leading agribusiness trader and inputs supplier to farmers in Lithuania, Latvia and Estonia. The EBRD funding will be used to finance part of Scandagra's working capital needs. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56272XI-IATI-EBRD-57240European Bank for Reconstruction and DevelopmentProvision of a senior loan to ArmSwissBank CJSC in the amount of up to USD 10m under the Armenia Refugee Response Window of the SME Competitiveness and Inclusion Programme in Eastern Partnership (the "Programme"), to support refugee-owned and refugee-led businesses and encourage local firms to create employment opportunities for refugees and invest in their skills development, contributing to long-term inclusive impact. The project aims to foster inclusive economic growth by supporting the entrepreneurial activities of refugees and displaced population, as well as incentivising local MSMEs to create employment opportunities for them. Aligned with the Programme's primary objective of helping MSMEs upgrade their operations to EU standards, the transaction will enable local companies to invest in modernising their production processes, with a particular focus on green technologies. These upgrades are expected to enhance the competitiveness of Armenian businesses in the European market, aiming to achieve at least 70% share of Green Economy Transition ("GET") aligned investments under the Programme.European Bank for Reconstruction and DevelopmentARMSWISSBANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYEREVAN40.18111 44.513618764863.06ARMSWISSBANK CJSCPRIVATEPRIVATEPRIVATEProvision of a senior loan to ArmSwissBank CJSC in the amount of up to USD 10m under the Armenia Refugee Response Window of the SME Competitiveness and Inclusion Programme in Eastern Partnership (the "Programme"), to support refugee-owned and refugee-led businesses and encourage local firms to create employment opportunities for refugees and invest in their skills development, contributing to long-term inclusive impact. The project aims to foster inclusive economic growth by supporting the entrepreneurial activities of refugees and displaced population, as well as incentivising local MSMEs to create employment opportunities for them. Aligned with the Programme's primary objective of helping MSMEs upgrade their operations to EU standards, the transaction will enable local companies to invest in modernising their production processes, with a particular focus on green technologies. These upgrades are expected to enhance the competitiveness of Armenian businesses in the European market, aiming to achieve at least 70% share of Green Economy Transition ("GET") aligned investments under the Programme. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57240XI-IATI-EBRD-56726European Bank for Reconstruction and DevelopmentProvision of a senior loan to Inecobank CJSC in amount of up to EUR 7m under the Refugee Response Window of the SME Competitiveness and Inclusion Programme in Eastern Partnership (the "Programme"), to support refugee-led businesses and encourage local firms to create employment opportunities for refugees and invest in their skills development, contributing to long-term inclusive impact. The loan will have a tenor of up to 4 years. The project aims to foster inclusive economic growth by supporting the entrepreneurial activities of refugees and displaced population, as well as incentivising local MSMEs to create employment opportunities for them. Aligned with the Programme's primary objective of helping MSMEs upgrade their operations to EU standards, the transaction will enable local companies to invest in modernising their production processes, with a particular focus on green technologies. These upgrades are expected to enhance the competitiveness of Armenian businesses in the European market, aiming to achieve at least 70% share of Green Economy Transition ("GET") aligned investments under the Programme.European Bank for Reconstruction and DevelopmentINECOBANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYEREVAN40.18111 44.513617480086.32INECOBANK CJSCPRIVATEPRIVATEPRIVATEProvision of a senior loan to Inecobank CJSC in amount of up to EUR 7m under the Refugee Response Window of the SME Competitiveness and Inclusion Programme in Eastern Partnership (the "Programme"), to support refugee-led businesses and encourage local firms to create employment opportunities for refugees and invest in their skills development, contributing to long-term inclusive impact. The loan will have a tenor of up to 4 years. The project aims to foster inclusive economic growth by supporting the entrepreneurial activities of refugees and displaced population, as well as incentivising local MSMEs to create employment opportunities for them. Aligned with the Programme's primary objective of helping MSMEs upgrade their operations to EU standards, the transaction will enable local companies to invest in modernising their production processes, with a particular focus on green technologies. These upgrades are expected to enhance the competitiveness of Armenian businesses in the European market, aiming to achieve at least 70% share of Green Economy Transition ("GET") aligned investments under the Programme. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56726XI-IATI-EBRD-56036European Bank for Reconstruction and DevelopmentAn equity investment of up to EUR 85 million alongside majority investor Virya Energy NV, a Belgium-based renewable energy company, to acquire a minority stake in Virya Renewables Poland NV ("NewCo"), a newly established renewable energy platform focused on investments in Poland. The investment will finance the acquisition of project rights currently held by Optima Wind sp. z o.o. and Windlight sp. z o.o., as well as the subsequent development, construction, and operation of renewable energy projects in Poland, including an up to 722 MW utility-scale solar PV project ("the Project").European Bank for Reconstruction and DevelopmentVIRYA RENEWABLES POLAND NVEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.01178314088015206895.25VIRYA RENEWABLES POLAND NV22948164.73VIRYA RENEWABLES POLAND NVPRIVATEPRIVATEPRIVATEAn equity investment of up to EUR 85 million alongside majority investor Virya Energy NV, a Belgium-based renewable energy company, to acquire a minority stake in Virya Renewables Poland NV ("NewCo"), a newly established renewable energy platform focused on investments in Poland. The investment will finance the acquisition of project rights currently held by Optima Wind sp. z o.o. and Windlight sp. z o.o., as well as the subsequent development, construction, and operation of renewable energy projects in Poland, including an up to 722 MW utility-scale solar PV project ("the Project"). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56036XI-IATI-EBRD-55506European Bank for Reconstruction and DevelopmentEUR 20m equity investment (2024) in R-GOL, the largest specialty provider of football goods in Poland, to finance the acquisition of a 100% stake in a Western Europe-based peer (the "EU Target"), the leading football goods specialist e-commerce retailer in its home region. This acquisition was motivated by a strong strategic fit, complementary geographical presence, compatible distribution channels, and high potential for synergies, with the combined entity set to become the #2 player in Europe. Capitilizing on this first successful transaction, a EUR 5m follow-on equity investment in May 2025 will allow the acquisition of a USA-based peer (the "US Target"), strengthening the international position of the group, tapping into the strcuturally dynamic US market, and preparing for the 2026 world cup in North America. Null ValueEuropean Bank for Reconstruction and DevelopmentMERSEYSIDE SCAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.0117822999997MERSEYSIDE SCAPRIVATEPRIVATEPRIVATEEUR 20m equity investment (2024) in R-GOL, the largest specialty provider of football goods in Poland, to finance the acquisition of a 100% stake in a Western Europe-based peer (the "EU Target"), the leading football goods specialist e-commerce retailer in its home region. This acquisition was motivated by a strong strategic fit, complementary geographical presence, compatible distribution channels, and high potential for synergies, with the combined entity set to become the #2 player in Europe. Capitilizing on this first successful transaction, a EUR 5m follow-on equity investment in May 2025 will allow the acquisition of a USA-based peer (the "US Target"), strengthening the international position of the group, tapping into the strcuturally dynamic US market, and preparing for the 2026 world cup in North America. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55506XI-IATI-EBRD-54976European Bank for Reconstruction and DevelopmentUp to EUR 20m senior loan to Allego N.V. to support the construction and operation of ca 200 EV light and heavy duty charging points across ca 50 locations, in Poland as part of the Company's overall expansion programme covering Poland, Italy, Netherlands and Belgium (the "Project"). Allego is expected to benefit from grants from the EU Alternative Fuels Infrastructure Facility. The Bank's proceeds will be used for the development of charging stations for electric vehicles in Poland as part of the Project. This will increase the availability of public charging stations and thereby facilitate uptake of EVs in Poland.European Bank for Reconstruction and DevelopmentALLEGO NVEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.011782000000020000000ALLEGO NVPRIVATEPRIVATEPRIVATEUp to EUR 20m senior loan to Allego N.V. to support the construction and operation of ca 200 EV light and heavy duty charging points across ca 50 locations, in Poland as part of the Company's overall expansion programme covering Poland, Italy, Netherlands and Belgium (the "Project"). Allego is expected to benefit from grants from the EU Alternative Fuels Infrastructure Facility. The Bank's proceeds will be used for the development of charging stations for electric vehicles in Poland as part of the Project. This will increase the availability of public charging stations and thereby facilitate uptake of EVs in Poland. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54976XI-IATI-EBRD-55294European Bank for Reconstruction and DevelopmentAn uncommitted TFP limit of up to USD 2m with tenors up to 12 months for guarantees and up to 1 year for cash advances. Cash limit will be limited to 25% of the total TFP limit and it will be activated after showing a good track record of utilising the guarantee facility, with the decision to be delegated to Risk Management. TFP limit would be instrumental for the development of AB's trade finance business. It will help to expand its product range and integrate to the network of international confirming banks.European Bank for Reconstruction and DevelopmentACCESSBANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBAKU40.37767 49.89201174019.08924019.08ACCESSBANK CJSCPRIVATEPRIVATEPRIVATEAn uncommitted TFP limit of up to USD 2m with tenors up to 12 months for guarantees and up to 1 year for cash advances. Cash limit will be limited to 25% of the total TFP limit and it will be activated after showing a good track record of utilising the guarantee facility, with the decision to be delegated to Risk Management. TFP limit would be instrumental for the development of AB's trade finance business. It will help to expand its product range and integrate to the network of international confirming banks. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55294XI-IATI-EBRD-49107European Bank for Reconstruction and DevelopmentThe provision of a sovereign loan of up to € 5.4 million to the Republic of Belarus for the benefit of Communal Housing Unitary Enterprise "Unikom" (the "Company") to finance the rehabilitation and reconstruction of wastewater treatment infrastructure in Zhlobin (the "Project"). This is one out of seven subprojects under the Belarus Water Sector Framework, 3rd phase. Other subprojects are in Kletsk, Lyuban, Fanipol, Baranovichi, Bereza, Shklov. The Project aims to enhance wastewater treatment quality to ensure compliance with the national and EU/HELCOM standards/recommendations for effluent quality treatment and reduction of air, soil, water pollution. The Project will facilitate the advancement of water and wastewater sector reform and improvement of the Company's operational and financial performance and capacity.European Bank for Reconstruction and DevelopmentBELARUS SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGMINSK53.9 27.566675460000BELARUS SOVEREIGN54600BELARUS SOVEREIGNSTATESTATESTATESTATEThe provision of a sovereign loan of up to € 5.4 million to the Republic of Belarus for the benefit of Communal Housing Unitary Enterprise "Unikom" (the "Company") to finance the rehabilitation and reconstruction of wastewater treatment infrastructure in Zhlobin (the "Project"). This is one out of seven subprojects under the Belarus Water Sector Framework, 3rd phase. Other subprojects are in Kletsk, Lyuban, Fanipol, Baranovichi, Bereza, Shklov. The Project aims to enhance wastewater treatment quality to ensure compliance with the national and EU/HELCOM standards/recommendations for effluent quality treatment and reduction of air, soil, water pollution. The Project will facilitate the advancement of water and wastewater sector reform and improvement of the Company's operational and financial performance and capacity. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49107XI-IATI-EBRD-55362European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 25 million to Yapi ve Kredi Bankasi A.S. ("YKB"), to finance digital transformation investments of the Turkish manufacturing SMEs under the Digital Transformation Financing Facility ("DTFF" or "Programme"), a blended programme established under the Financial Intermediaries Framework ("FIF"). DTFF is the first EBRD Programme supporting digital transformation of Türkiye's economy. Implemented in close collaboration with the Small and Medium Enterprises Development Organization of Türkiye ("KOSGEB") and Turkish Credit Guarantee Fund ("KGF"), the Programme is accompanied by interest rate rebates administered by KOSGEB. DTFF loan will enable YKB to contribute to digitalisation of its SME clients, including women's access to digital technologies. The Facility will be used to finance investments of Turkish manufacturing SMEs to implement Digital Transformation ("DT") roadmaps in compliance with the eligibility criteria set out in DTFF policy statement with the ultimate goal to improve SMEs' productivity and efficiency through implementation of innovative practices and new advanced technologies.European Bank for Reconstruction and DevelopmentYAPI VE KREDI BANKASI ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496625000000YAPI VE KREDI BANKASI ASPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 25 million to Yapi ve Kredi Bankasi A.S. ("YKB"), to finance digital transformation investments of the Turkish manufacturing SMEs under the Digital Transformation Financing Facility ("DTFF" or "Programme"), a blended programme established under the Financial Intermediaries Framework ("FIF"). DTFF is the first EBRD Programme supporting digital transformation of Türkiye's economy. Implemented in close collaboration with the Small and Medium Enterprises Development Organization of Türkiye ("KOSGEB") and Turkish Credit Guarantee Fund ("KGF"), the Programme is accompanied by interest rate rebates administered by KOSGEB. DTFF loan will enable YKB to contribute to digitalisation of its SME clients, including women's access to digital technologies. The Facility will be used to finance investments of Turkish manufacturing SMEs to implement Digital Transformation ("DT") roadmaps in compliance with the eligibility criteria set out in DTFF policy statement with the ultimate goal to improve SMEs' productivity and efficiency through implementation of innovative practices and new advanced technologies. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55362XI-IATI-EBRD-50041European Bank for Reconstruction and DevelopmentParticipation in the initial public offering (IPO) on Borsa Istanbul of Sok Marketler Ticaret A.i, one of the leading and fastest growing discount retail chains operating in Turkey. The IPO entails a primary offering which will be used to boost the company's capital structure and support its fast growth while strengthening competitive position. The project will support the development of local capital markets and will also strengthen the company's balance sheet.European Bank for Reconstruction and DevelopmentSOK MARKETLER TICARET ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496668797645SOK MARKETLER TICARET ASPRIVATEPRIVATEPRIVATEParticipation in the initial public offering (IPO) on Borsa Istanbul of Sok Marketler Ticaret A.i, one of the leading and fastest growing discount retail chains operating in Turkey. The IPO entails a primary offering which will be used to boost the company's capital structure and support its fast growth while strengthening competitive position. The project will support the development of local capital markets and will also strengthen the company's balance sheet. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50041XI-IATI-EBRD-50172European Bank for Reconstruction and DevelopmentA senior loan of up to USD 17.5 million in favour of Ceyport Tekirdag Uluslararasi Liman Isletmeciligi A.S. (the "Borrower" or "Tekirdag A.S."), a limited liability company incorporated in Turkey. The Bank's investment will be used to finance the acquisition of the operation rights of Tekirdag Port (the "Port") in Turkey under a 36-year concession from the Turkish Privatisation Authority and modernisation/expansion investments in the Port. The Port has dry bulk/general cargo, liquid bulk, container and Ro-Ro handling capacities serving industrial and agricultural production and trading in the Marmara region. The Project is expected to result in improved operational efficiency of the Port through capacity expansion and optimisation, which in turn would positively impact on the load factors of the goods transported, enhance modal shift and direct a larger share of the cargo commodities from roads towards railway and shipping lines. The Project involves the Port's privatisation and implementation of the investment plan for modernisation and capacity expansion.European Bank for Reconstruction and DevelopmentCEYPORT TEKIRDAG ULUSLARARASI LIMAN ISLETMECILIGI ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTEKIRDAG40.9781 27.5110115319968.48CEYPORT TEKIRDAG ULUSLARARASI LIMAN ISLETMECILIGI ASPRIVATEPRIVATEPRIVATEA senior loan of up to USD 17.5 million in favour of Ceyport Tekirdag Uluslararasi Liman Isletmeciligi A.S. (the "Borrower" or "Tekirdag A.S."), a limited liability company incorporated in Turkey. The Bank's investment will be used to finance the acquisition of the operation rights of Tekirdag Port (the "Port") in Turkey under a 36-year concession from the Turkish Privatisation Authority and modernisation/expansion investments in the Port. The Port has dry bulk/general cargo, liquid bulk, container and Ro-Ro handling capacities serving industrial and agricultural production and trading in the Marmara region. The Project is expected to result in improved operational efficiency of the Port through capacity expansion and optimisation, which in turn would positively impact on the load factors of the goods transported, enhance modal shift and direct a larger share of the cargo commodities from roads towards railway and shipping lines. The Project involves the Port's privatisation and implementation of the investment plan for modernisation and capacity expansion. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50172XI-IATI-EBRD-55612European Bank for Reconstruction and DevelopmentProvision of a sovereign loan of up to EUR 30 million to the Republic of Albania (the "Borrower") for the benefit of Hekurudha Shqiptare ("Albanian Railways", "HSH", the "Company" or the "Client"), the railway operator of the Albanian railway system, which is fully owned by the state. The financing will be used for the rehabilitation and electrification of the approximately 34 km railway line between Durres and Rrogozhine (the "Project"). The Durres-Rrogozhine line is part of rail Corridor VIII which connects Port of Durres in Albania with North Macedonia and Bulgaria's Black Sea ports. Corridor VIII is part of the Western Balkans Core Network and an indicative extension of Trans European Transport Networks ("TEN-T") in the region. The Project is co-financed by the European Investment Bank ("EIB") and the European Union ("EU") through the Western Balkans Investment Framework ("WBIF"). * Promote Albania's connectivity, its economic development and regional integration. * Support development of a greener and more sustainable transport by promoting modal shift.European Bank for Reconstruction and DevelopmentALBANIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTIRANA41.3275 19.818892970000030000000ALBANIA SOVEREIGN300000ALBANIA SOVEREIGNSTATESTATESTATESTATEProvision of a sovereign loan of up to EUR 30 million to the Republic of Albania (the "Borrower") for the benefit of Hekurudha Shqiptare ("Albanian Railways", "HSH", the "Company" or the "Client"), the railway operator of the Albanian railway system, which is fully owned by the state. The financing will be used for the rehabilitation and electrification of the approximately 34 km railway line between Durres and Rrogozhine (the "Project"). The Durres-Rrogozhine line is part of rail Corridor VIII which connects Port of Durres in Albania with North Macedonia and Bulgaria's Black Sea ports. Corridor VIII is part of the Western Balkans Core Network and an indicative extension of Trans European Transport Networks ("TEN-T") in the region. The Project is co-financed by the European Investment Bank ("EIB") and the European Union ("EU") through the Western Balkans Investment Framework ("WBIF"). * Promote Albania's connectivity, its economic development and regional integration. * Support development of a greener and more sustainable transport by promoting modal shift. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55612XI-IATI-EBRD-54749European Bank for Reconstruction and DevelopmentThe EBRD is considering providing a sovereign-guaranteed loan of up to EUR 28 million to Crnogorski Elektroprenosni Sistem AD ("CGES", or "the Company"). The proceeds of the EBRD financing will be used to finance the upgrade of the existing electrical substation (SS) Brezna located in the Municipality of Pluzine from 110/35 kV to 400/110/35 kV by installing two power transformers 400/110 kV and connecting them to the national transmission network via the new 400 kV OHL Lastva-Pljevlja, which is currently in the development stage. The implementation of the Project will expand the substation Brezna 110/35 kV by building the new 400/110 kV facility. This development is pivotal to the integration of a considerable array of Renewable Energy (RE) power plants with the Brezna substation, presently in the preliminary stages of development by private entities. The realization of this project is also projected to significantly reduce energy losses, with an estimated reduction of approximately 13GWh annually, equating to the annual emission reduction of over 6,000 tCO2.European Bank for Reconstruction and DevelopmentCRNOGORSKI ELEKTROPRENOSNI SISTEM AD (CGES)European Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPODGORICA42.44111 19.263612720034728000000CRNOGORSKI ELEKTROPRENOSNI SISTEM AD (CGES)799653CRNOGORSKI ELEKTROPRENOSNI SISTEM AD (CGES)STATESTATESTATESTATEThe EBRD is considering providing a sovereign-guaranteed loan of up to EUR 28 million to Crnogorski Elektroprenosni Sistem AD ("CGES", or "the Company"). The proceeds of the EBRD financing will be used to finance the upgrade of the existing electrical substation (SS) Brezna located in the Municipality of Pluzine from 110/35 kV to 400/110/35 kV by installing two power transformers 400/110 kV and connecting them to the national transmission network via the new 400 kV OHL Lastva-Pljevlja, which is currently in the development stage. The implementation of the Project will expand the substation Brezna 110/35 kV by building the new 400/110 kV facility. This development is pivotal to the integration of a considerable array of Renewable Energy (RE) power plants with the Brezna substation, presently in the preliminary stages of development by private entities. The realization of this project is also projected to significantly reduce energy losses, with an estimated reduction of approximately 13GWh annually, equating to the annual emission reduction of over 6,000 tCO2. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54749XI-IATI-EBRD-44596European Bank for Reconstruction and DevelopmentA senior loan of up to USD 60 million to Gurmat Elektrik Uretim A.S. ("Gurmat Elektrik" or the "Company") to finance the EFE-6, EFE-7 and EFE-8 geothermal power plants (GPPs) located in Aydin province, Turkey (the 'Project' or 'Efeler Extension Project') which will be a part of a financing package to be provided together with other lenders. Support the development and construction of renewable power generation in Turkey. The Project aims to contribute to the development of base load, indigenous energy resources in Turkey which are essential to support macro-economic stability in a sustainable manner to reduce Turkey's needs for energy imports.European Bank for Reconstruction and DevelopmentGURMAT ELEKTRIK URETIM ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANKARA39.91987 32.85427227610960.35GURMAT ELEKTRIK URETIM ASPRIVATEPRIVATEPRIVATEA senior loan of up to USD 60 million to Gurmat Elektrik Uretim A.S. ("Gurmat Elektrik" or the "Company") to finance the EFE-6, EFE-7 and EFE-8 geothermal power plants (GPPs) located in Aydin province, Turkey (the 'Project' or 'Efeler Extension Project') which will be a part of a financing package to be provided together with other lenders. Support the development and construction of renewable power generation in Turkey. The Project aims to contribute to the development of base load, indigenous energy resources in Turkey which are essential to support macro-economic stability in a sustainable manner to reduce Turkey's needs for energy imports. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/44596XI-IATI-EBRD-51842European Bank for Reconstruction and DevelopmentUp to EUR 25 million senior secured loan provided by the EBRD and a local parallel lender to finance the acquisition of Paypoint Romania by Innova Capital, and thereafter support the company's initiatives to digitalise its consumer payments services. Paypoint Romania is a vital and trusted actor in Romania, allowing Romanians to pay their utilities and telecom bills, top-up their mobiles and receive remittances from abroad at the company's collection and sales points. With an extensive network of 19,000 sites across the country, 81% of Romanians live less than 500 metres away from one of the company sites. As Romania is progressively evolving from a cash-based economy to an enhanced use of electronic payment infrastructure (card payments, mobile wallet, etc.), Paypoint Romania accompanies this transition with the launch of new electronic services such as mobile consumer application, automatic vending machines (AVMs) and card-enabled point- of-sale terminals, which provide additional value to consumers and merchants.European Bank for Reconstruction and DevelopmentSTAR PAYMENTS SRLEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUCHAREST44.43225 26.1062619000000STAR PAYMENTS SRLPRIVATEPRIVATEPRIVATEUp to EUR 25 million senior secured loan provided by the EBRD and a local parallel lender to finance the acquisition of Paypoint Romania by Innova Capital, and thereafter support the company's initiatives to digitalise its consumer payments services. Paypoint Romania is a vital and trusted actor in Romania, allowing Romanians to pay their utilities and telecom bills, top-up their mobiles and receive remittances from abroad at the company's collection and sales points. With an extensive network of 19,000 sites across the country, 81% of Romanians live less than 500 metres away from one of the company sites. As Romania is progressively evolving from a cash-based economy to an enhanced use of electronic payment infrastructure (card payments, mobile wallet, etc.), Paypoint Romania accompanies this transition with the launch of new electronic services such as mobile consumer application, automatic vending machines (AVMs) and card-enabled point- of-sale terminals, which provide additional value to consumers and merchants. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51842XI-IATI-EBRD-53649European Bank for Reconstruction and DevelopmentThe participation in the amount of € 100 million in the 7-year tranche in environmental, social and governance (ESG)-linked Schuldschein (a German debt instrument used as an alternative to credit facilities and bonds) issuance of ETEX NV (the Company), a global, largely family-owned, building materials company. The EBRD proceeds are channelled to support the Company's direct green investments in Poland, Romania and Lithuania as well as to contribute to the acquisition financing linked to URSA (including URSA's operations in Poland and Slovenia), a European leader in thermal insulation materials. The Project will support direct green investments in Poland, Romania and Lithuania through implementation of energy efficiency measures, introduction of new renewable energy capacity, increased product recyclability and increased circular economy practices. Moreover, the Project indirectly supports greater production and use of heat insulation materials in the EBRD region.European Bank for Reconstruction and DevelopmentETEX NVEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGVILNIUS54.68916 25.2798WARSAW52.22977 21.01178BUCHAREST44.43225 26.10626LJUBLJANA46.05108 14.50513100000000ETEX NVPRIVATEPRIVATEPRIVATEThe participation in the amount of € 100 million in the 7-year tranche in environmental, social and governance (ESG)-linked Schuldschein (a German debt instrument used as an alternative to credit facilities and bonds) issuance of ETEX NV (the Company), a global, largely family-owned, building materials company. The EBRD proceeds are channelled to support the Company's direct green investments in Poland, Romania and Lithuania as well as to contribute to the acquisition financing linked to URSA (including URSA's operations in Poland and Slovenia), a European leader in thermal insulation materials. The Project will support direct green investments in Poland, Romania and Lithuania through implementation of energy efficiency measures, introduction of new renewable energy capacity, increased product recyclability and increased circular economy practices. Moreover, the Project indirectly supports greater production and use of heat insulation materials in the EBRD region. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53649XI-IATI-EBRD-56428European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to USD 50 million (EUR 43 million) for on-lending to micro, small, and medium-sized enterprises managed or majority-owned by individuals under the age of 35 ("Youth MSMEs") under Youth in Business Programme in Türkiye, a blended programme established under the Financial Intermediaries Framework ("FIF"). TurYiB is a comprehensive and targeted initiative designed to foster youth entrepreneurship and support youth-led SMEs in Türkiye. EBRD financing will be accompanied by risk sharing mechanisms in the form of first loss covers enabled by i) the European Union through its European Fund for Sustainable Development Plus ("EFSD+") guarantee in the form of a first loss risk cover ("FLRC") of net 5% in favour of EBRD and ii) the Turkish Credit Guarantee Fund ("KGF"), underwritten by the Turkish Ministry of Treasury and Finance, to stimulate lending on a sustainable basis. Additionally, young entrepreneurs will benefit from tailored capacity-building activities, including training sessions and workshops, aimed at enhancing their business know-how and facilitating access to non-financial resources for long-term growth.European Bank for Reconstruction and DevelopmentAKBANK TASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496621885669.26AKBANK TASPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to USD 50 million (EUR 43 million) for on-lending to micro, small, and medium-sized enterprises managed or majority-owned by individuals under the age of 35 ("Youth MSMEs") under Youth in Business Programme in Türkiye, a blended programme established under the Financial Intermediaries Framework ("FIF"). TurYiB is a comprehensive and targeted initiative designed to foster youth entrepreneurship and support youth-led SMEs in Türkiye. EBRD financing will be accompanied by risk sharing mechanisms in the form of first loss covers enabled by i) the European Union through its European Fund for Sustainable Development Plus ("EFSD+") guarantee in the form of a first loss risk cover ("FLRC") of net 5% in favour of EBRD and ii) the Turkish Credit Guarantee Fund ("KGF"), underwritten by the Turkish Ministry of Treasury and Finance, to stimulate lending on a sustainable basis. Additionally, young entrepreneurs will benefit from tailored capacity-building activities, including training sessions and workshops, aimed at enhancing their business know-how and facilitating access to non-financial resources for long-term growth. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56428XI-IATI-EBRD-53569European Bank for Reconstruction and DevelopmentProvision of an equity investment of up to EUR 30.2 million in favour of Mediterrania Capital IV, L.P. (the "Fund"). The Fund will seek to make equity and equity-related investments in mid-cap companies primarily in Egypt, Morocco and Tunisia with the objective of achieving long-term capital growth.European Bank for Reconstruction and DevelopmentMEDITERRANIA CAPITAL IV MID-CAPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.24967RABAT34.01325 -6.83255TUNIS36.81897 10.1657911601558.5330000000MEDITERRANIA CAPITAL IV MID-CAPPRIVATEPRIVATEPRIVATEProvision of an equity investment of up to EUR 30.2 million in favour of Mediterrania Capital IV, L.P. (the "Fund"). The Fund will seek to make equity and equity-related investments in mid-cap companies primarily in Egypt, Morocco and Tunisia with the objective of achieving long-term capital growth. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53569XI-IATI-EBRD-53789European Bank for Reconstruction and DevelopmentProvision of an equity investment of up to USD 80 million in favour of RMBV North Africa Fund III, C.V. (the "Fund"). The Fund will seek to make equity and equity-related investments in mid-cap companies primarily in Egypt, Morocco and Tunisia with the objective of achieving long-term capital growth.European Bank for Reconstruction and DevelopmentRNAFIII CVEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.24967RABAT34.01325 -6.83255TUNIS36.81897 10.1657955560754.4969723129.81RNAFIII CVPRIVATEPRIVATEPRIVATEProvision of an equity investment of up to USD 80 million in favour of RMBV North Africa Fund III, C.V. (the "Fund"). The Fund will seek to make equity and equity-related investments in mid-cap companies primarily in Egypt, Morocco and Tunisia with the objective of achieving long-term capital growth. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53789XI-IATI-EBRD-54483European Bank for Reconstruction and DevelopmentA Resilience and Livelihoods Guarantee (RLG), under the Resilience and Livelihoods Framework, in the form of an unfunded portfolio risk-sharing facility covering up to 50 per cent of the credit risk in newly originated sub-loans with the total value €15 million equivalent (the "Covered Portfolio") to be originated by JSC UKRSIBBANK (the "Partner Bank") in Ukraine. The Project will be used to support lending to Ukrainian private companies operating in the primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in Ukraine.European Bank for Reconstruction and DevelopmentUKRSIBBANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.523875000007500000UKRSIBBANK JSCPRIVATEPRIVATEPRIVATEA Resilience and Livelihoods Guarantee (RLG), under the Resilience and Livelihoods Framework, in the form of an unfunded portfolio risk-sharing facility covering up to 50 per cent of the credit risk in newly originated sub-loans with the total value €15 million equivalent (the "Covered Portfolio") to be originated by JSC UKRSIBBANK (the "Partner Bank") in Ukraine. The Project will be used to support lending to Ukrainian private companies operating in the primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54483XI-IATI-EBRD-52668European Bank for Reconstruction and DevelopmentEBRD subscribed to a EUR 42.5 million investment as part of the EUR 500 million Green Eurobond placement by CTP N.V. (the "issuer"). CTP is one of the largest European full service industrial and logistics property owner and developer, listed on Euronext Amsterdam. The bond has a maturity of 8 years and is listed on Euronext Dublin. The proceeds from the EBRD's investment will be used to finance the development and acquisition of sustainable industrial parks in Romania, Slovak Republic, Hungary, Serbia and Poland.European Bank for Reconstruction and DevelopmentCTP NVEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRAGUE50.08804 14.42076BUDAPEST47.49835 19.04045WARSAW52.22977 21.01178BUCHAREST44.43225 26.10626BELGRADE44.80401 20.46513BRATISLAVA48.14816 17.10674244780000CTP NVPRIVATEPRIVATEPRIVATEEBRD subscribed to a EUR 42.5 million investment as part of the EUR 500 million Green Eurobond placement by CTP N.V. (the "issuer"). CTP is one of the largest European full service industrial and logistics property owner and developer, listed on Euronext Amsterdam. The bond has a maturity of 8 years and is listed on Euronext Dublin. The proceeds from the EBRD's investment will be used to finance the development and acquisition of sustainable industrial parks in Romania, Slovak Republic, Hungary, Serbia and Poland. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52668XI-IATI-EBRD-55259European Bank for Reconstruction and DevelopmentUp to USD 10 million local currency denominated, unsecured, three-year senior unsecured MSME credit line to Credo Bank ('Credo'), MSME dedicated lender in Georgia. The proposed loan will address some of the market gaps from both supply (local currency funding) as well as demand (MSME knowledge and expertise) side. The MSME Loan will enable Credo to continue supporting investments of local MSMEs, by providing medium-term local currency financing, which still remains limited on the market. Credo will continue to support regional and peri-urban customers through its branch and counsel network as well as further reinforced online lending channels.European Bank for Reconstruction and DevelopmentCREDO BANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTBILISI41.69411 44.833689236939.42CREDO BANK JSCPRIVATEPRIVATEPRIVATEUp to USD 10 million local currency denominated, unsecured, three-year senior unsecured MSME credit line to Credo Bank ('Credo'), MSME dedicated lender in Georgia. The proposed loan will address some of the market gaps from both supply (local currency funding) as well as demand (MSME knowledge and expertise) side. The MSME Loan will enable Credo to continue supporting investments of local MSMEs, by providing medium-term local currency financing, which still remains limited on the market. Credo will continue to support regional and peri-urban customers through its branch and counsel network as well as further reinforced online lending channels. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55259XI-IATI-EBRD-56893European Bank for Reconstruction and DevelopmentUp to € 50 million equity investment in a capital increase in SEE Bakery International S.a.r.l. (the Investee Company), which is the majority owner of Mlinar Pekarska Industrija d.o.o (Mlinar, and together with the Investee Company, the Group). The investment is tranched. Following the investment, the EBRD will hold a minority shareholding in the Investee Company. The project will support the Group in expanding its operations in the bakery sector of Croatia and across other Central and South-Eastern European (CSEE) countries through targeted capital investments and strategic acquisitions. The project will also support energy-efficiency enhancements and promote inclusive workplace practices, with a focus on supporting female migrant workers.European Bank for Reconstruction and DevelopmentSEE BAKERY INTERNATIONAL SARLEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGZAGREB45.81444 15.9779835000000SEE BAKERY INTERNATIONAL SARLPRIVATEPRIVATEPRIVATEUp to € 50 million equity investment in a capital increase in SEE Bakery International S.a.r.l. (the Investee Company), which is the majority owner of Mlinar Pekarska Industrija d.o.o (Mlinar, and together with the Investee Company, the Group). The investment is tranched. Following the investment, the EBRD will hold a minority shareholding in the Investee Company. The project will support the Group in expanding its operations in the bakery sector of Croatia and across other Central and South-Eastern European (CSEE) countries through targeted capital investments and strategic acquisitions. The project will also support energy-efficiency enhancements and promote inclusive workplace practices, with a focus on supporting female migrant workers. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56893XI-IATI-EBRD-55126European Bank for Reconstruction and DevelopmentA sustainability-linked loan ("SLL") of up to PLN 600 million to CCC S.A. ("Borrower", "Company") one of the largest and fastest growing European footwear and apparel retail chains present predominantly in CEE. The SLL will be provided for the benfit of CCC Business Unit which includes core CCC footwear business and HalfPrice discount apparel store chain. The EBRD will act as a co-lender alongside Polish commercial banks in a syndicate financing of up to PLN 3.66 billion. The project will support Company's growth in selected channels in Poland and other CEE markets, including through investments into new sustainable warehouse capacity, while broadening access to livelihood opportunities for people with disabilities within Poland's labour market.European Bank for Reconstruction and DevelopmentCCC SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPOLKOWICE DOLNE51.50391 16.072610.01139602932.04CCC SAPRIVATEPRIVATEPRIVATEA sustainability-linked loan ("SLL") of up to PLN 600 million to CCC S.A. ("Borrower", "Company") one of the largest and fastest growing European footwear and apparel retail chains present predominantly in CEE. The SLL will be provided for the benfit of CCC Business Unit which includes core CCC footwear business and HalfPrice discount apparel store chain. The EBRD will act as a co-lender alongside Polish commercial banks in a syndicate financing of up to PLN 3.66 billion. The project will support Company's growth in selected channels in Poland and other CEE markets, including through investments into new sustainable warehouse capacity, while broadening access to livelihood opportunities for people with disabilities within Poland's labour market. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55126XI-IATI-EBRD-50035European Bank for Reconstruction and DevelopmentProvision of long-term financing to Aluflexpack Novi d.o.o., part of Aluflexpack Group and ultimately owned by Montana Tech Components AG, together with a local commercial bank. The loan proceeds are used to finance the company's capital expenditure into new production capacity that will further support development plans.European Bank for Reconstruction and DevelopmentALUFLEXPACK NOVI DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGZADAR44.11972 15.2422212500000ALUFLEXPACK NOVI DOOPRIVATEPRIVATEPRIVATEProvision of long-term financing to Aluflexpack Novi d.o.o., part of Aluflexpack Group and ultimately owned by Montana Tech Components AG, together with a local commercial bank. The loan proceeds are used to finance the company's capital expenditure into new production capacity that will further support development plans. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50035XI-IATI-EBRD-53307European Bank for Reconstruction and DevelopmentThe provision of a long-term, senior A/B loan, including an A loan of up to USD 124 million, for the development, construction and operation of a wind power plant with an installed capacity of 206 MW located in the Gori and Kareli municipalities of Georgia (the Project). JSC Wind Power, a special purpose vehicle established in Georgia, will act as the borrower. Peri LLC, will act as the sponsor for the project. The project contributes to the Georgia's energy security by supporting the local generation capacity, increase of which has been lagging behind the increasing energy demand. The Project will be highly representative in terms of attracting private investment, energy supply diversification and increased use of renewables potential. Once commissioned, the 206 MW of new renewable energy capacity is expected to annually deliver green electricity to the grid, leading to a reduction of CO2 emissions. The Project is classified as 100% GET.European Bank for Reconstruction and DevelopmentWIND POWER JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTBILISI41.69411 44.833684862879.9194108377.83WIND POWER JSCPRIVATEPRIVATEPRIVATEThe provision of a long-term, senior A/B loan, including an A loan of up to USD 124 million, for the development, construction and operation of a wind power plant with an installed capacity of 206 MW located in the Gori and Kareli municipalities of Georgia (the Project). JSC Wind Power, a special purpose vehicle established in Georgia, will act as the borrower. Peri LLC, will act as the sponsor for the project. The project contributes to the Georgia's energy security by supporting the local generation capacity, increase of which has been lagging behind the increasing energy demand. The Project will be highly representative in terms of attracting private investment, energy supply diversification and increased use of renewables potential. Once commissioned, the 206 MW of new renewable energy capacity is expected to annually deliver green electricity to the grid, leading to a reduction of CO2 emissions. The Project is classified as 100% GET. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53307XI-IATI-EBRD-49974European Bank for Reconstruction and DevelopmentIn September 2023, the EBRD invested in two covered bond issuances of UniCredit Mortgage Bank ("UCBM"): HUF 5 billion (€12.9 million) in a green covered bond, as part of HUF 20 billion green covered bond issuance, and HUF 6 billion (€15.5 million) in a regular covered bond, as part of HUF 23.2 billion regular covered bond issuance. The bonds are rated A1 by Moody's and listed on the Budapest Stock Exchange. These investments have been preceded by three investments made throughout 2020, in particular: (i) HUF 4.5 million (€11.6 million) investment in March 2020, (ii) HUF 1.5 billion (€3.9 million) in June 2020 and (iii) HUF 2.9 billion (€7.4 million) in November 2020 for an aggregate investment of HUF 8.9 billion (€22.8 million) in regular covered bonds that were listed on the Budapest Stock Exchange. With this transaction the EBRD aims to support covered bond issuances of UCMB to facilitate its mortgage lending activities and optimise the funding structure through long-term funding instruments. Furthermore, EBRD promotes resource efficiency in the country by requiring Unicredit Hungary (the parent company of UCMB) to invest an amount corresponding to at least 100 per cent of the EBRD's investment in non-green/regular covered bonds to finance green investments in renewable energy projects and/or residential building sectors.European Bank for Reconstruction and DevelopmentUNICREDIT MORTGAGE BANK ZRT (JELZALOGBANK)European Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUDAPEST47.49835 19.0404523510.7875865460.48UNICREDIT MORTGAGE BANK ZRT (JELZALOGBANK)PRIVATEPRIVATEPRIVATEIn September 2023, the EBRD invested in two covered bond issuances of UniCredit Mortgage Bank ("UCBM"): HUF 5 billion (€12.9 million) in a green covered bond, as part of HUF 20 billion green covered bond issuance, and HUF 6 billion (€15.5 million) in a regular covered bond, as part of HUF 23.2 billion regular covered bond issuance. The bonds are rated A1 by Moody's and listed on the Budapest Stock Exchange. These investments have been preceded by three investments made throughout 2020, in particular: (i) HUF 4.5 million (€11.6 million) investment in March 2020, (ii) HUF 1.5 billion (€3.9 million) in June 2020 and (iii) HUF 2.9 billion (€7.4 million) in November 2020 for an aggregate investment of HUF 8.9 billion (€22.8 million) in regular covered bonds that were listed on the Budapest Stock Exchange. With this transaction the EBRD aims to support covered bond issuances of UCMB to facilitate its mortgage lending activities and optimise the funding structure through long-term funding instruments. Furthermore, EBRD promotes resource efficiency in the country by requiring Unicredit Hungary (the parent company of UCMB) to invest an amount corresponding to at least 100 per cent of the EBRD's investment in non-green/regular covered bonds to finance green investments in renewable energy projects and/or residential building sectors. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49974XI-IATI-EBRD-52019European Bank for Reconstruction and DevelopmentThe proposed Project (the "Project") is a follow-on investment in the District Heating ("DH") system in the City of Balti under the EBRD Green Cities Framework. The new investment builds on the improvements realized under the first project, successfully completed in 2019, and addresses the priority environmental challenge of climate mitigation Balti identified in the Green City Action Plan (GCAP), approved by the City Council on 23 November 2021. The Project aims to address legacy infrastructure issues and promote the system's decarbonisation. Its objective is to enhance district heating operational and energy efficiency through improved system control, introduce apartment level consumption-based billing to district heating consumers, which is one of the Bank's major policy objective for the district energy sector and further optimise the use of highly efficient combined heat and power plant. The Project will strengthen the Company's governance and will also promote equal opportunities practices as well as women's engagement in climate policy at the municipal level. It will help the Company tackle low consumer satisfaction and enhance energy efficient behaviour among consumers, while raising awareness among citizens with regard to gender and climate change issues.European Bank for Reconstruction and DevelopmentMOLDOVA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCHISINAU47.00556 28.85759419779.8614000000MOLDOVA SOVEREIGN4000000MOLDOVA SOVEREIGN354226.78MOLDOVA SOVEREIGN89066.76MOLDOVA SOVEREIGN136926.6MOLDOVA SOVEREIGNSTATESTATESTATESTATEThe proposed Project (the "Project") is a follow-on investment in the District Heating ("DH") system in the City of Balti under the EBRD Green Cities Framework. The new investment builds on the improvements realized under the first project, successfully completed in 2019, and addresses the priority environmental challenge of climate mitigation Balti identified in the Green City Action Plan (GCAP), approved by the City Council on 23 November 2021. The Project aims to address legacy infrastructure issues and promote the system's decarbonisation. Its objective is to enhance district heating operational and energy efficiency through improved system control, introduce apartment level consumption-based billing to district heating consumers, which is one of the Bank's major policy objective for the district energy sector and further optimise the use of highly efficient combined heat and power plant. The Project will strengthen the Company's governance and will also promote equal opportunities practices as well as women's engagement in climate policy at the municipal level. It will help the Company tackle low consumer satisfaction and enhance energy efficient behaviour among consumers, while raising awareness among citizens with regard to gender and climate change issues. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52019XI-IATI-EBRD-52866European Bank for Reconstruction and DevelopmentA senior loan of up to EUR 5m (the "CSP Loan") for on-lending to local SMEs through the Western Balkans SME Competitiveness Support Programme (SME-CSP). The project will provide sub-loans to finance investments in SMEs in Bosnia and Herzegovina that will assist in improving the competitiveness and compliance with technical standards in line with the EU acquis communautaire. At least 60% of the use of proceeds will be green (GET) investments.European Bank for Reconstruction and DevelopmentSPARKASSE BANK DDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.356445000000SPARKASSE BANK DDPRIVATEPRIVATEPRIVATEA senior loan of up to EUR 5m (the "CSP Loan") for on-lending to local SMEs through the Western Balkans SME Competitiveness Support Programme (SME-CSP). The project will provide sub-loans to finance investments in SMEs in Bosnia and Herzegovina that will assist in improving the competitiveness and compliance with technical standards in line with the EU acquis communautaire. At least 60% of the use of proceeds will be green (GET) investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52866XI-IATI-EBRD-56905European Bank for Reconstruction and DevelopmentUp to GEL 10 million (EUR 3.2 million equivalent) subscription to Nova LLC's GEL 50 million (EUR 16.0 million equivalent) inaugural local bond issuance (the "Issuance", the "Bond", the "Project"). The Bond proceeds will be used for the refinancing of existing bank loans, capital expenditures and working capital.European Bank for Reconstruction and DevelopmentNOVA LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTBILISI41.69411 44.833683309366.9NOVA LLCPRIVATEPRIVATEPRIVATEUp to GEL 10 million (EUR 3.2 million equivalent) subscription to Nova LLC's GEL 50 million (EUR 16.0 million equivalent) inaugural local bond issuance (the "Issuance", the "Bond", the "Project"). The Bond proceeds will be used for the refinancing of existing bank loans, capital expenditures and working capital. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56905XI-IATI-EBRD-55977European Bank for Reconstruction and DevelopmentA EUR 52 million Resilience and Livelihoods Guarantee ("RLG"), under the Resilience and Livelihoods Framework, in the form of an unfunded portfolio risk-sharing facility covering up to 50 per cent of the credit risk in sub-leases with the total value of EUR 160 million equivalent (the "Covered Portfolio") to be originated by OTP Leasing, LLC ("OTPL", the "PFI") in Ukraine. The facility will be provided in two equal tranches with EUR 26M of EBRD's guarantee to cover EUR 80M of the Covered Portfolio each; Tranche B is provided on an uncommitted basis. Up to EUR 48 million of risk shared sub-leases will finance SMEs' long-term investments under the EU4Business-EBRD Credit Line with Incentives (within a dedicated sub-limit assigned with a separate EBRD project number 55978). This will enable financing of long-term capital investments of SMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of the sub-limit), thereby enhancing their competitiveness. Eligible sub-borrowers will also receive technical assistance funded by the EU and grant support in the form of investment incentives upon the completion of their investment projects. The Facility will support lending to Ukrainian companies operating in the primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in Ukraine.European Bank for Reconstruction and DevelopmentOTP LEASING LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.52382800000028000000OTP LEASING LLCPRIVATEPRIVATEPRIVATEA EUR 52 million Resilience and Livelihoods Guarantee ("RLG"), under the Resilience and Livelihoods Framework, in the form of an unfunded portfolio risk-sharing facility covering up to 50 per cent of the credit risk in sub-leases with the total value of EUR 160 million equivalent (the "Covered Portfolio") to be originated by OTP Leasing, LLC ("OTPL", the "PFI") in Ukraine. The facility will be provided in two equal tranches with EUR 26M of EBRD's guarantee to cover EUR 80M of the Covered Portfolio each; Tranche B is provided on an uncommitted basis. Up to EUR 48 million of risk shared sub-leases will finance SMEs' long-term investments under the EU4Business-EBRD Credit Line with Incentives (within a dedicated sub-limit assigned with a separate EBRD project number 55978). This will enable financing of long-term capital investments of SMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of the sub-limit), thereby enhancing their competitiveness. Eligible sub-borrowers will also receive technical assistance funded by the EU and grant support in the form of investment incentives upon the completion of their investment projects. The Facility will support lending to Ukrainian companies operating in the primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55977XI-IATI-EBRD-50636European Bank for Reconstruction and DevelopmentLong-term senior unsecured loan to UniCredit Bank Serbia JSC ("UCB") for on-lending to small and medium enterprises (SMEs) in Serbia. The project will contribute to the expansion of lending to private businesses through working capital lines and investment loans to SMEs, including enterprises operating in economically less developed regions of the country. Furthermore, the transaction supports UCB's growth strategy and diversification of its funding sources.European Bank for Reconstruction and DevelopmentUNICREDIT BANK SERBIA JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651365185257.36UNICREDIT BANK SERBIA JSCPRIVATEPRIVATEPRIVATELong-term senior unsecured loan to UniCredit Bank Serbia JSC ("UCB") for on-lending to small and medium enterprises (SMEs) in Serbia. The project will contribute to the expansion of lending to private businesses through working capital lines and investment loans to SMEs, including enterprises operating in economically less developed regions of the country. Furthermore, the transaction supports UCB's growth strategy and diversification of its funding sources. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50636XI-IATI-EBRD-54816European Bank for Reconstruction and DevelopmentProvision of a senior loan in the amount of up to EUR 5 million, under the Financial Intermediaries Framework SME ("FIF" or the "Programme"), to OTP Leasing Serbia ("OTPL"). The proceeds of the Bank's investment will be used for providing leasing to small and medium-sized enterprises (SMEs) in Serbia, in accordance with the FIF-SME Policy Statement. At least 25% of the investments will be in line with the Green Economy Transition ("GET") criteria.European Bank for Reconstruction and DevelopmentOTP LEASING SRBIJA DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.465135000000OTP LEASING SRBIJA DOOPRIVATEPRIVATEPRIVATEProvision of a senior loan in the amount of up to EUR 5 million, under the Financial Intermediaries Framework SME ("FIF" or the "Programme"), to OTP Leasing Serbia ("OTPL"). The proceeds of the Bank's investment will be used for providing leasing to small and medium-sized enterprises (SMEs) in Serbia, in accordance with the FIF-SME Policy Statement. At least 25% of the investments will be in line with the Green Economy Transition ("GET") criteria. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54816XI-IATI-EBRD-56096European Bank for Reconstruction and DevelopmentA senior loan of up to EUR 68m in favour of Corbii Mari Solar Plant SRL ("Corbii Mari Project"), Aviv Renewable Investment SRL ("Iepuresti II Project") and Slobozia Solar Plant SRL ("Slobozia Project"), each a limited liability company incorporated in Romania (jointly "Borrowers" or "Companies"). The loan will be used to finance the construction, and operation of three solar farms with a combined capacity of 515 MW in the Muntenia region in south-eastern Romania (the "Project"). The Project comprises of three separate sites and is expected to generate around 676 GWh of electricity annually. The Project will contribute to climate change mitigation and the Romanian green energy transition by adding 515 MW of solar generation capacity to the Romanian national energy system. In addition, the Project will strengthen the private sector presence in the renewable energy sector in Romania.European Bank for Reconstruction and DevelopmentCORBII MARI SOLAR PLANT SRLEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGVOLUNTARI26.18439 44.4902333277548.364000000CORBII MARI SOLAR PLANT SRLPRIVATEPRIVATEPRIVATEA senior loan of up to EUR 68m in favour of Corbii Mari Solar Plant SRL ("Corbii Mari Project"), Aviv Renewable Investment SRL ("Iepuresti II Project") and Slobozia Solar Plant SRL ("Slobozia Project"), each a limited liability company incorporated in Romania (jointly "Borrowers" or "Companies"). The loan will be used to finance the construction, and operation of three solar farms with a combined capacity of 515 MW in the Muntenia region in south-eastern Romania (the "Project"). The Project comprises of three separate sites and is expected to generate around 676 GWh of electricity annually. The Project will contribute to climate change mitigation and the Romanian green energy transition by adding 515 MW of solar generation capacity to the Romanian national energy system. In addition, the Project will strengthen the private sector presence in the renewable energy sector in Romania. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56096XI-IATI-EBRD-48698European Bank for Reconstruction and DevelopmentThe Project is a convertible loan to Carbon Holdings (CH), which aims to support CH's plans to develop projects in the petrochemicals industry in Egypt. The EBRD funds will support CH's development of projects in the petrochemical industry in Egypt, through the financing of one of CH's operating companies - Egyptian Hydrocarbon Corporation (EHC, or the Company).European Bank for Reconstruction and DevelopmentCARBON HOLDINGS LTDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496710961553.99CARBON HOLDINGS LTDPRIVATEPRIVATEPRIVATEThe Project is a convertible loan to Carbon Holdings (CH), which aims to support CH's plans to develop projects in the petrochemicals industry in Egypt. The EBRD funds will support CH's development of projects in the petrochemical industry in Egypt, through the financing of one of CH's operating companies - Egyptian Hydrocarbon Corporation (EHC, or the Company). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48698XI-IATI-EBRD-55051European Bank for Reconstruction and DevelopmentEBRD is considering the provision of a senior unsecured loan of up to EUR 50 million to be provided in 2 equal tranches of EUR 25 million in MAD equivalent, in favour of Credit Agricole du Maroc ("CAM") (the "Company"), a limited liability company, to support MSMEs, with a focus on the ones located in the regions affected by the 8th September 2023 earthquake. The project will contribute to building a more competitive and resilient economy in Morocco by supporting SME financing. A special focus will be given to distribution of funds in the regions and outreach to new customers. Moreover, the project will support access to finance for MSMEs in the regions affected by the 8th September 2023 earthquake.European Bank for Reconstruction and DevelopmentCREDIT AGRICOLE DU MAROC SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGRABAT34.01325 -6.8325524486353.27CREDIT AGRICOLE DU MAROC SAPRIVATEPRIVATEPRIVATEEBRD is considering the provision of a senior unsecured loan of up to EUR 50 million to be provided in 2 equal tranches of EUR 25 million in MAD equivalent, in favour of Credit Agricole du Maroc ("CAM") (the "Company"), a limited liability company, to support MSMEs, with a focus on the ones located in the regions affected by the 8th September 2023 earthquake. The project will contribute to building a more competitive and resilient economy in Morocco by supporting SME financing. A special focus will be given to distribution of funds in the regions and outreach to new customers. Moreover, the project will support access to finance for MSMEs in the regions affected by the 8th September 2023 earthquake. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55051XI-IATI-EBRD-54547European Bank for Reconstruction and DevelopmentEBRD will participate in the first issuance of Dekpol's bond programme of a total PLN 400 million (EUR 93 million), held as a private placement for a limited pool of investors in several issuances. The Bank's share will be limited to 19% of the amount of the first issuance - up to PLN 43 million (EUR 10 million). The funds will be directed to finance the Group's transition to carbon neutrality via installation of photovoltaic farm, rollout of green products such as prefabricated materials, energy efficient buckets and production of mobile containers, as well as construction of BREEAM certified energy efficient buildings. At least 50% of the Banks financing will be directed for green investments (50% of GET share).European Bank for Reconstruction and DevelopmentDEKPOL SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPINCZYN53.98181 18.2280910004876.8DEKPOL SAPRIVATEPRIVATEPRIVATEEBRD will participate in the first issuance of Dekpol's bond programme of a total PLN 400 million (EUR 93 million), held as a private placement for a limited pool of investors in several issuances. The Bank's share will be limited to 19% of the amount of the first issuance - up to PLN 43 million (EUR 10 million). The funds will be directed to finance the Group's transition to carbon neutrality via installation of photovoltaic farm, rollout of green products such as prefabricated materials, energy efficient buckets and production of mobile containers, as well as construction of BREEAM certified energy efficient buildings. At least 50% of the Banks financing will be directed for green investments (50% of GET share). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54547XI-IATI-EBRD-55564European Bank for Reconstruction and DevelopmentA sustainability-linked loan (SLL) of up to EUR 25 million to Dominari Group, a leading Lithuanian producer of polyurethane foam and upholstery. The loan proceeds will be used in line with LMA Sustainability-Linked Loan Principles, including the development of a sustainability framework. The Project qualifies as 100% GET. EBRD financing supports the Group's expansion related to capital expenditures (capex) such as the construction of a new workshop facility and the expansion of working capital. Null ValueEuropean Bank for Reconstruction and DevelopmentDOMINARI UABEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPANEVEZYS55.73333 24.35400000025000000DOMINARI UABPRIVATEPRIVATEPRIVATEA sustainability-linked loan (SLL) of up to EUR 25 million to Dominari Group, a leading Lithuanian producer of polyurethane foam and upholstery. The loan proceeds will be used in line with LMA Sustainability-Linked Loan Principles, including the development of a sustainability framework. The Project qualifies as 100% GET. EBRD financing supports the Group's expansion related to capital expenditures (capex) such as the construction of a new workshop facility and the expansion of working capital. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55564XI-IATI-EBRD-54917European Bank for Reconstruction and DevelopmentA hybrid equity investment of up to EUR 25 million in Pelion S.A. (the "Company"). The EBRD investment gives the Bank a minority stake in Pelion S.A. The proceeds from the EBRD's investment will be used by Pelion Group solely in Poland, for general corporate purposes. The Bank's investment will allow the Company to grow innovative business lines and further expand its existing operations in Poland. Through providing equity capital, the Bank will help Pelion in achieving its ambition to become the leading pharmaceutical retailer in Europe.European Bank for Reconstruction and DevelopmentPELION SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGLODZ51.77058 19.4739524999955.02PELION SAPRIVATEPRIVATEPRIVATEA hybrid equity investment of up to EUR 25 million in Pelion S.A. (the "Company"). The EBRD investment gives the Bank a minority stake in Pelion S.A. The proceeds from the EBRD's investment will be used by Pelion Group solely in Poland, for general corporate purposes. The Bank's investment will allow the Company to grow innovative business lines and further expand its existing operations in Poland. Through providing equity capital, the Bank will help Pelion in achieving its ambition to become the leading pharmaceutical retailer in Europe. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54917XI-IATI-EBRD-47797European Bank for Reconstruction and DevelopmentSenior debt financing of up to USD 29 million (EUR 27 million equivalent) to finance the construction of a 50 MW solar photovoltaic plant located in the proposed 1.8 GW Benban solar complex in the Aswan province of Egypt (the "Project"). The Project will be one of the first utility scale solar plants in Egypt and will support the country in increasing its renewable energy capacity. The Project is part of a larger portfolio of two 50 MW plants developed in Benban by the same group of lead sponsors. The Project will be developed under the programme implemented by the Egyptian government offering feed-in tariffs to projects of up to 50 MW capacity to stimulate private investment in over 4 GW of wind and solar power. This scheme aims to support Egypt to move to a more environmentally sustainable and diverse electricity sector by exploiting the country's vast renewable energy potential. It is expected to improve the environmental characteristics of Egypt's power sector by reducing emissions of local pollutants and CO2, as well as water consumption.European Bank for Reconstruction and DevelopmentACCESS EGYPT SOLAR ONE SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496724437510.29ACCESS EGYPT SOLAR ONE SAEPRIVATEPRIVATEPRIVATESenior debt financing of up to USD 29 million (EUR 27 million equivalent) to finance the construction of a 50 MW solar photovoltaic plant located in the proposed 1.8 GW Benban solar complex in the Aswan province of Egypt (the "Project"). The Project will be one of the first utility scale solar plants in Egypt and will support the country in increasing its renewable energy capacity. The Project is part of a larger portfolio of two 50 MW plants developed in Benban by the same group of lead sponsors. The Project will be developed under the programme implemented by the Egyptian government offering feed-in tariffs to projects of up to 50 MW capacity to stimulate private investment in over 4 GW of wind and solar power. This scheme aims to support Egypt to move to a more environmentally sustainable and diverse electricity sector by exploiting the country's vast renewable energy potential. It is expected to improve the environmental characteristics of Egypt's power sector by reducing emissions of local pollutants and CO2, as well as water consumption. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47797XI-IATI-EBRD-52102European Bank for Reconstruction and DevelopmentProvision of a EUR 20 million senior secured long-term loan to Bingo d.o.o. (the "Company"), the leading retail chain in Bosnia and Herzegovina, for development of Sarajevo shopping centre and future capital investments. The loan in the amount of EUR 20m will be used for: i) development of Sarajevo shopping centre (EUR 10 million committed tranche); and ii)future investments in the retail network (EUR 10 million uncommitted tranche).European Bank for Reconstruction and DevelopmentBINGO DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTUZLA44.53842 18.6670910000000BINGO DOOPRIVATEPRIVATEPRIVATEProvision of a EUR 20 million senior secured long-term loan to Bingo d.o.o. (the "Company"), the leading retail chain in Bosnia and Herzegovina, for development of Sarajevo shopping centre and future capital investments. The loan in the amount of EUR 20m will be used for: i) development of Sarajevo shopping centre (EUR 10 million committed tranche); and ii)future investments in the retail network (EUR 10 million uncommitted tranche). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52102XI-IATI-EBRD-51314European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan in the amount of up to EUR 8 million in single tranche to Banka Intesa Beograd ("BIB"), a joint-stock company incorporated in Serbia, for on-lending to eligible women-led SMEs in line with the criteria under Western Balkans Women in Business Programme Phase II ("WB WiBP II"). The proposed operation is the fourth successive loan to BIB under WB WiBP following the full and successful utilisation of the previous facilities. The project will contribute to women's economic inclusion by supporting women-led SMEs' access to finance and business advisory services.European Bank for Reconstruction and DevelopmentBANCA INTESA AD BEOGRADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.465138000000BANCA INTESA AD BEOGRADPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan in the amount of up to EUR 8 million in single tranche to Banka Intesa Beograd ("BIB"), a joint-stock company incorporated in Serbia, for on-lending to eligible women-led SMEs in line with the criteria under Western Balkans Women in Business Programme Phase II ("WB WiBP II"). The proposed operation is the fourth successive loan to BIB under WB WiBP following the full and successful utilisation of the previous facilities. The project will contribute to women's economic inclusion by supporting women-led SMEs' access to finance and business advisory services. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51314XI-IATI-EBRD-53060European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to EUR 2.0 million to be provided in two tranches (a first tranche of EUR 1.0 million and a second tranche of EUR 1.0 million) under the Western Balkans Green Economy Financing Facility II. The second tranche will be uncommitted and its commitment will be in the EBRD's sole discretion. The loan will be fully guaranteed by the ultimate shareholder, Intesa Sanpaolo SA. The facility will support investments in high-performance green technologies, materials and solutions undertaken in privately-owned residential dwellings or buildings. Sub-projects will be selected according to technical and financial eligibility criteria set forth in the Policy Statement for WB GEFF II. 100 per cent of the use of proceeds will be related to Green Economy Transition investments.European Bank for Reconstruction and DevelopmentINTESA SANPAOLO BANKA DD BOSNIA AND HERZEGOVINAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.356442000000INTESA SANPAOLO BANKA DD BOSNIA AND HERZEGOVINAPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to EUR 2.0 million to be provided in two tranches (a first tranche of EUR 1.0 million and a second tranche of EUR 1.0 million) under the Western Balkans Green Economy Financing Facility II. The second tranche will be uncommitted and its commitment will be in the EBRD's sole discretion. The loan will be fully guaranteed by the ultimate shareholder, Intesa Sanpaolo SA. The facility will support investments in high-performance green technologies, materials and solutions undertaken in privately-owned residential dwellings or buildings. Sub-projects will be selected according to technical and financial eligibility criteria set forth in the Policy Statement for WB GEFF II. 100 per cent of the use of proceeds will be related to Green Economy Transition investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53060XI-IATI-EBRD-56241European Bank for Reconstruction and DevelopmentProvision of a long-term senior secured loan to Raiffeisen Bank dd BiH ("RBBH") for on-lending to Youth micro, small and medium-sized enterprises ("MSMEs") in Bosnia and Herzegovina ("BiH"). The loan is envisaged under the WB Youth in Business Programme ("WB YiB"). The project will contribute to youth's economic inclusion by supporting youth-led MSMEs' access to finance and business advisory services.European Bank for Reconstruction and DevelopmentRAIFFEISEN BANK DD BOSNIA AND HERZEGOVINAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.356442500000RAIFFEISEN BANK DD BOSNIA AND HERZEGOVINAPRIVATEPRIVATEPRIVATEProvision of a long-term senior secured loan to Raiffeisen Bank dd BiH ("RBBH") for on-lending to Youth micro, small and medium-sized enterprises ("MSMEs") in Bosnia and Herzegovina ("BiH"). The loan is envisaged under the WB Youth in Business Programme ("WB YiB"). The project will contribute to youth's economic inclusion by supporting youth-led MSMEs' access to finance and business advisory services. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56241XI-IATI-EBRD-54731European Bank for Reconstruction and DevelopmentSenior unsecured loan of up to USD 100 million equivalent in TRY to Enerjisa Enerji A.S. (the "Enerjisa Enerji" or the "Company"). The project will be co-financed by the High Impact Partnerships for Climate Action funding framework with a loan of up to USD 10 million. Enerjisa Enerji is an existing client of the Bank, operating electricity distribution and electricity retail business in Turkiye, serving a quarter of Turkiye's population. Enerjisa Enerji operates as a JV between Sabanci Holding and E.ON, with each holding 40%. The remaining 20% is free float on Borsa Istanbul. The proceeds of the loan will be used to support modernization and reconstruction investments of the electricity network in the Toroslar Region (electricity distribution region consisting of five cities, all of which are in the southern part of Turkiye), affected by the destructive earthquakes of 6 February 2023.European Bank for Reconstruction and DevelopmentENERJISA ENERJI ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BG60348956.38ENERJISA ENERJI ASPRIVATEPRIVATEPRIVATESenior unsecured loan of up to USD 100 million equivalent in TRY to Enerjisa Enerji A.S. (the "Enerjisa Enerji" or the "Company"). The project will be co-financed by the High Impact Partnerships for Climate Action funding framework with a loan of up to USD 10 million. Enerjisa Enerji is an existing client of the Bank, operating electricity distribution and electricity retail business in Turkiye, serving a quarter of Turkiye's population. Enerjisa Enerji operates as a JV between Sabanci Holding and E.ON, with each holding 40%. The remaining 20% is free float on Borsa Istanbul. The proceeds of the loan will be used to support modernization and reconstruction investments of the electricity network in the Toroslar Region (electricity distribution region consisting of five cities, all of which are in the southern part of Turkiye), affected by the destructive earthquakes of 6 February 2023. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54731XI-IATI-EBRD-56704European Bank for Reconstruction and DevelopmentProvision of up to EUR 70 million working capital facility to Valency International to finance its working capital needs related to the sourcing of cashew nuts, cocoa and sesame seeds in Côte d'Ivoire and Nigeria (the "Project"). The Project supports core activities of an international sponsor and is expected to generate positive spillover effects for primary agriculture in Sub-Saharan Africa. By expanding cashew sourcing activities and prioritising the export of processed cashew nuts, the Project will strengthen backward linkages with local farmers. The Project will also embed an ambitious Corporate Climate Governance programme aligned with ISSB standards, positioning the Client to build long-term resilience and lead on sustainability beyond compliance. Additionally, the Project will contribute to the development of the processed cashew export segment, which remains underdeveloped due to the sector's current reliance on raw cashew nut exports from Côte d'Ivoire and Nigeria.European Bank for Reconstruction and DevelopmentVALENCY INTERNATIONAL PTE LTDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGABIDJAN5.35444 -4.00167ABUJA9.05785 7.4950870000000VALENCY INTERNATIONAL PTE LTDPRIVATEPRIVATEPRIVATEProvision of up to EUR 70 million working capital facility to Valency International to finance its working capital needs related to the sourcing of cashew nuts, cocoa and sesame seeds in Côte d'Ivoire and Nigeria (the "Project"). The Project supports core activities of an international sponsor and is expected to generate positive spillover effects for primary agriculture in Sub-Saharan Africa. By expanding cashew sourcing activities and prioritising the export of processed cashew nuts, the Project will strengthen backward linkages with local farmers. The Project will also embed an ambitious Corporate Climate Governance programme aligned with ISSB standards, positioning the Client to build long-term resilience and lead on sustainability beyond compliance. Additionally, the Project will contribute to the development of the processed cashew export segment, which remains underdeveloped due to the sector's current reliance on raw cashew nut exports from Côte d'Ivoire and Nigeria. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56704XI-IATI-EBRD-53827European Bank for Reconstruction and DevelopmentSenior unsecured loan of up to USD 110 million equivalent in TRY to Enerjisa Enerji A.S. (the "Borrower" or the "Company"). Enerjisa Enerji is an existing client of the Bank operating electricity distribution and electricity retail business in Turkiye serving a quarter of Turkiye's population. Through its subsidiary Enerjisa Musteri Cozumleri and Esarj, the borrower operates EV Charging station networks and provides distributed energy business services. Enerjisa Enerji operates as a JV between Sabanci Holding and E.ON, each holding 40%. Remaining 20% is free float on Borsa Istanbul. The transaction will help the Borrower to expand EV charging infrastructure network and distributed energy business (mostly small and medium scale solar) and implement 2021-2025 regulatory period electricity distribution network capex investment plan.European Bank for Reconstruction and DevelopmentENERJISA ENERJI ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANKARA39.91987 32.8542755436659.67ENERJISA ENERJI ASPRIVATEPRIVATEPRIVATESenior unsecured loan of up to USD 110 million equivalent in TRY to Enerjisa Enerji A.S. (the "Borrower" or the "Company"). Enerjisa Enerji is an existing client of the Bank operating electricity distribution and electricity retail business in Turkiye serving a quarter of Turkiye's population. Through its subsidiary Enerjisa Musteri Cozumleri and Esarj, the borrower operates EV Charging station networks and provides distributed energy business services. Enerjisa Enerji operates as a JV between Sabanci Holding and E.ON, each holding 40%. Remaining 20% is free float on Borsa Istanbul. The transaction will help the Borrower to expand EV charging infrastructure network and distributed energy business (mostly small and medium scale solar) and implement 2021-2025 regulatory period electricity distribution network capex investment plan. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53827XI-IATI-EBRD-54539European Bank for Reconstruction and DevelopmentThe provision of a loan of up to EUR 18.0m to Celebi Hava Servisi A.S. (the " Company" or the "Borrower"). The Bank's proceeds will be used to acquire electrical ground support equipment and to convert existing conventional ground support equipment into electrical over the 2024-2025 period in ten airports in Türkiye, namely Ankara, Antalya, Balikesir, Bodrum, Cukurova, Dalaman, Istanbul, Izmir, Sabiha Gokcen, and Trabzon airports ("Project"). The Project aims to support the Company in advancing the electrification and decarbonisation of its operations while upgrading its handling capacity across multiple stations in Türkiye.European Bank for Reconstruction and DevelopmentCELEBI HAVA SERVISI ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496618000000CELEBI HAVA SERVISI ASPRIVATEPRIVATEPRIVATEThe provision of a loan of up to EUR 18.0m to Celebi Hava Servisi A.S. (the " Company" or the "Borrower"). The Bank's proceeds will be used to acquire electrical ground support equipment and to convert existing conventional ground support equipment into electrical over the 2024-2025 period in ten airports in Türkiye, namely Ankara, Antalya, Balikesir, Bodrum, Cukurova, Dalaman, Istanbul, Izmir, Sabiha Gokcen, and Trabzon airports ("Project"). The Project aims to support the Company in advancing the electrification and decarbonisation of its operations while upgrading its handling capacity across multiple stations in Türkiye. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54539XI-IATI-EBRD-54589European Bank for Reconstruction and DevelopmentProvision of an up to EUR 30 million working capital loan (the "Loan") to Savola Gida Sanayi Ve Ticaret AS ("Savola Turkey", the "Company"), a corporation incorporated in the Republic of Turkey. The Loan will be used by Savola Turkey to support its permanent working capital needs (the "Project"). The EBRD's financing will be used for the procurement of crude sunflower oil and other inputs. The Bank aims to support Savola Turkey with longer term financing, as the Company continues to develop its operations in Turkey.European Bank for Reconstruction and DevelopmentTIRYAKI PERAKENDE GIDA URUNLERI SANAYI VE TICARET ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496622684553.55TIRYAKI PERAKENDE GIDA URUNLERI SANAYI VE TICARET ASPRIVATEPRIVATEPRIVATEProvision of an up to EUR 30 million working capital loan (the "Loan") to Savola Gida Sanayi Ve Ticaret AS ("Savola Turkey", the "Company"), a corporation incorporated in the Republic of Turkey. The Loan will be used by Savola Turkey to support its permanent working capital needs (the "Project"). The EBRD's financing will be used for the procurement of crude sunflower oil and other inputs. The Bank aims to support Savola Turkey with longer term financing, as the Company continues to develop its operations in Turkey. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54589XI-IATI-EBRD-55147European Bank for Reconstruction and DevelopmentProvision of a junior loan of up to EUR 25 million in favour of UAB SB modernizavimo fondas 2 (the "Borrower" or "Investment Platform"), a special purpose securitisation vehicle ("SPV"), incorporated in Lithuania and managed by SB, to finance energy efficiency investments in residential multi-apartment buildings ("MAB") in Lithuania (the "Project"). EBRD Loan proceeds to be fully dedicated to MABs located in the city of Vilnius. The Project will help conserve energy, reduce carbon emissions, and encourage the use of energy performance practices to generate energy efficiency ("EE") gains at residential apartment buildings. The Project supports an innovative approach to accelerate the pace of renovation of existing MABs through a combination of long-term debt financing, technical assistance, and support for private households.European Bank for Reconstruction and DevelopmentSECURITISATION VEHICLE UAB ARTEA RETROFIT FUND 2European Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSIAULIAI55.93333 23.3166725000000SECURITISATION VEHICLE UAB ARTEA RETROFIT FUND 2PRIVATEPRIVATEPRIVATEProvision of a junior loan of up to EUR 25 million in favour of UAB SB modernizavimo fondas 2 (the "Borrower" or "Investment Platform"), a special purpose securitisation vehicle ("SPV"), incorporated in Lithuania and managed by SB, to finance energy efficiency investments in residential multi-apartment buildings ("MAB") in Lithuania (the "Project"). EBRD Loan proceeds to be fully dedicated to MABs located in the city of Vilnius. The Project will help conserve energy, reduce carbon emissions, and encourage the use of energy performance practices to generate energy efficiency ("EE") gains at residential apartment buildings. The Project supports an innovative approach to accelerate the pace of renovation of existing MABs through a combination of long-term debt financing, technical assistance, and support for private households. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55147XI-IATI-EBRD-47166European Bank for Reconstruction and DevelopmentThe EBRD is extending a sovereign loan of up to EUR 27 million to Georgia to be on-lent to the City of Tbilisi (the "City") for the benefit of the Tbilisi Transport Company Ltd (the "Company"), a municipal company, which operates buses and the metro in Tbilisi. The project will be co-financed by a capital grant of EUR 7 million from the Eastern Europe Energy Efficiency and Environment Partnership ("E5P"). The project will improve and modernise the bus operations in Tbilisi through the purchase of a new bus fleet of up to 175 low floor buses for the City. In addition, the project will promote a transparent contractual framework through the preparation and signing of a Public Service Contract ("PSC"), as well as support the City in development of a Bus Route Restructuring Study to optimise the interface of different modes of transport.European Bank for Reconstruction and DevelopmentGEORGIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTBILISI41.69411 44.8336827000000GEORGIA SOVEREIGN270000GEORGIA SOVEREIGN5400000GEORGIA SOVEREIGN2728169.66GEORGIA SOVEREIGN5484827.36GEORGIA SOVEREIGN12997395.18GEORGIA SOVEREIGN119603.1GEORGIA SOVEREIGNSTATESTATESTATESTATEThe EBRD is extending a sovereign loan of up to EUR 27 million to Georgia to be on-lent to the City of Tbilisi (the "City") for the benefit of the Tbilisi Transport Company Ltd (the "Company"), a municipal company, which operates buses and the metro in Tbilisi. The project will be co-financed by a capital grant of EUR 7 million from the Eastern Europe Energy Efficiency and Environment Partnership ("E5P"). The project will improve and modernise the bus operations in Tbilisi through the purchase of a new bus fleet of up to 175 low floor buses for the City. In addition, the project will promote a transparent contractual framework through the preparation and signing of a Public Service Contract ("PSC"), as well as support the City in development of a Bus Route Restructuring Study to optimise the interface of different modes of transport. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47166XI-IATI-EBRD-56381European Bank for Reconstruction and DevelopmentProvision of a senior multi-currency loan of up to EUR 20 million equivalent under the Financial Intermediaries Framework ("FIF"). The proceeds of the Bank's investment will be used for on-lending to local private micro, small and medium enterprises (MSMEs), in accordance with the requirements of the FIF Policy Statement. The MSME Loan will enable Microinvest to maintain diversification of its funding base, extend duration of its liabilities and expand financing of MSMEs in Moldova at a multiple of the EBRD financing.European Bank for Reconstruction and DevelopmentOCN MICROINVEST SRLEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCHISINAU47.00556 28.857510000000OCN MICROINVEST SRLPRIVATEPRIVATEPRIVATEProvision of a senior multi-currency loan of up to EUR 20 million equivalent under the Financial Intermediaries Framework ("FIF"). The proceeds of the Bank's investment will be used for on-lending to local private micro, small and medium enterprises (MSMEs), in accordance with the requirements of the FIF Policy Statement. The MSME Loan will enable Microinvest to maintain diversification of its funding base, extend duration of its liabilities and expand financing of MSMEs in Moldova at a multiple of the EBRD financing. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56381XI-IATI-EBRD-57339European Bank for Reconstruction and DevelopmentThe proposed transaction is a senior secured loan of up to EUR 10 million (5 years tenor), to finance CAPEX for the the renovation and automation of a newly acquired warehouse in Tbilisi. The project seeks to consolidate the group's multiple warehouses into one main facility, strengthening retail and wholesale pharma operations and incorporating energy efficiency measures leading to improved environmental footprint. Null ValueEuropean Bank for Reconstruction and DevelopmentAVERSI PHARMA LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTBILISI41.69411 44.8336850000005000000AVERSI PHARMA LLCPRIVATEPRIVATEPRIVATEThe proposed transaction is a senior secured loan of up to EUR 10 million (5 years tenor), to finance CAPEX for the the renovation and automation of a newly acquired warehouse in Tbilisi. The project seeks to consolidate the group's multiple warehouses into one main facility, strengthening retail and wholesale pharma operations and incorporating energy efficiency measures leading to improved environmental footprint. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57339XI-IATI-EBRD-54485European Bank for Reconstruction and DevelopmentAn equity investment of up to EUR 30 million in UAB Urban Hub Holding ("Urban Hub Holding"), a limited liability company incorporated in Lithuania, which will act as a joint venture (the "JV") between the Bank and UAB SBA Urban (the "Sponsor" or "SBA Urban"). The JV will invest across the Baltic States and (potentially) CEE in a platform of small business unit / last mile logistics projects (the "Project") comprised of retail, logistics and office spaces. The EBRD's investment will enable the development of a number of small business unit / last mile logistics projects in the Baltic States and CEE countries.European Bank for Reconstruction and DevelopmentURBAN HUB HOLDING UABEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGVILNIUS54.68916 25.27981667URBAN HUB HOLDING UAB13393990URBAN HUB HOLDING UABPRIVATEPRIVATEPRIVATEAn equity investment of up to EUR 30 million in UAB Urban Hub Holding ("Urban Hub Holding"), a limited liability company incorporated in Lithuania, which will act as a joint venture (the "JV") between the Bank and UAB SBA Urban (the "Sponsor" or "SBA Urban"). The JV will invest across the Baltic States and (potentially) CEE in a platform of small business unit / last mile logistics projects (the "Project") comprised of retail, logistics and office spaces. The EBRD's investment will enable the development of a number of small business unit / last mile logistics projects in the Baltic States and CEE countries. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54485XI-IATI-EBRD-54660European Bank for Reconstruction and DevelopmentThe provision of a sovereign loan in the amount of up to €20 million to the Government of Montenegro, to finance implementation of energy efficiency measures in 24 public educational buildings located in 10 cities across Montenegro (the "Project"). The buildings include 18 elementary schools, 3 secondary schools, 2 kindergartens and one high education school. Improvement of the energy performance of the selected public educational buildings and enhancement of thermal comfort, better health and well-being for over 19,000 users via improvement of heating, cooling and ventilation systems and thermal insulation of the buildings envelope. Contribution to the reduction of GHG emissions and energy consumption, yielding electricity and heating savings.European Bank for Reconstruction and DevelopmentMONTENEGRO SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPODGORICA42.44111 19.263611980000020000000MONTENEGRO SOVEREIGN200000MONTENEGRO SOVEREIGNSTATESTATESTATESTATEThe provision of a sovereign loan in the amount of up to €20 million to the Government of Montenegro, to finance implementation of energy efficiency measures in 24 public educational buildings located in 10 cities across Montenegro (the "Project"). The buildings include 18 elementary schools, 3 secondary schools, 2 kindergartens and one high education school. Improvement of the energy performance of the selected public educational buildings and enhancement of thermal comfort, better health and well-being for over 19,000 users via improvement of heating, cooling and ventilation systems and thermal insulation of the buildings envelope. Contribution to the reduction of GHG emissions and energy consumption, yielding electricity and heating savings. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54660XI-IATI-EBRD-54232European Bank for Reconstruction and DevelopmentThe EBRD invested EUR 50 million in the EUR 700 million debut international benchmark senior non-preferred green bond ('SNP GB') public issuance placed on 11 May 2023 by Banca Comerciala Romana SA ('BCR'), a commercial bank incorporated in Romania. The bond is listed on the Vienna Stock Exchange and on Bucharest Stock Exchange. The EBRD further invested RON 245.4 million in the bank's subsequent two issuances, both listed on the Bucharest Stock Exchange: - In December 2023 EBRD invested RON 150 million in BCR's RON 1 billion SNP issuance. - In November 2025 EBRD invested RON 95.4 million in BCR's RON 1,125 million SNP issuance. EBRD's total investments under the Project stand at close to RON 500 million. The project contributes to the resilience and compliance with regulatory requirements of the second largest systemic bank in Romania, facilitates capital market development and further promotes BCR's green agenda by supporting the financing of green investments.European Bank for Reconstruction and DevelopmentBANCA COMERCIALA ROMANA SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUCHAREST44.43225 26.106261274.6696841872.51BANCA COMERCIALA ROMANA SAPRIVATEPRIVATEPRIVATEThe EBRD invested EUR 50 million in the EUR 700 million debut international benchmark senior non-preferred green bond ('SNP GB') public issuance placed on 11 May 2023 by Banca Comerciala Romana SA ('BCR'), a commercial bank incorporated in Romania. The bond is listed on the Vienna Stock Exchange and on Bucharest Stock Exchange. The EBRD further invested RON 245.4 million in the bank's subsequent two issuances, both listed on the Bucharest Stock Exchange: - In December 2023 EBRD invested RON 150 million in BCR's RON 1 billion SNP issuance. - In November 2025 EBRD invested RON 95.4 million in BCR's RON 1,125 million SNP issuance. EBRD's total investments under the Project stand at close to RON 500 million. The project contributes to the resilience and compliance with regulatory requirements of the second largest systemic bank in Romania, facilitates capital market development and further promotes BCR's green agenda by supporting the financing of green investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54232XI-IATI-EBRD-52511European Bank for Reconstruction and DevelopmentProvision of a loan in the amount of up to EUR 22 million to Compania Regionala de Apa Bacau ("CRAB" or the "Company"), the regional water operator in Bacau County, Romania. The proceeds of the Bank's investment will be used to co-finance, alongside EU funds, water and wastewater investments under the relevant EU Infrastructure Programme ("EU Programme") in Romania (the "Project "). The Project will enable CRAB to: (i) extend its water and wastewater network and services in the region; and (ii) ensure compliance with the relevant EU water and wastewater standards in the Project area.European Bank for Reconstruction and DevelopmentWATER COMPANY OF THE CITY OF BACAUEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBACAU46.56718 26.913842200000022000000WATER COMPANY OF THE CITY OF BACAUSTATESTATESTATESTATEProvision of a loan in the amount of up to EUR 22 million to Compania Regionala de Apa Bacau ("CRAB" or the "Company"), the regional water operator in Bacau County, Romania. The proceeds of the Bank's investment will be used to co-finance, alongside EU funds, water and wastewater investments under the relevant EU Infrastructure Programme ("EU Programme") in Romania (the "Project "). The Project will enable CRAB to: (i) extend its water and wastewater network and services in the region; and (ii) ensure compliance with the relevant EU water and wastewater standards in the Project area. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52511XI-IATI-EBRD-48542European Bank for Reconstruction and DevelopmentThe EBRD equity investment of EUR 25 million supported the acquisition of Zabka Polska S.A. ("Zabka"), the leading modern convenience retailer in Poland, by CVC Capital Partners, one of the leading private equity groups globally, from its previous owner Mid Europa Partners. By becoming a shareholder in Zabka, which through its franchise model works closely with and supports small business owners and entrepreneurship on a large scale, the Bank will encourage private entrepreneurship and help address issues of insufficient access to financing by small businesses and start-ups. The EBRD will support future value creation, in particular in the areas of green energy / environmentally friendly investments.European Bank for Reconstruction and DevelopmentZABKA GROUP SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.0117812172574.92ZABKA GROUP SA12827425ZABKA GROUP SAPRIVATEPRIVATEPRIVATEThe EBRD equity investment of EUR 25 million supported the acquisition of Zabka Polska S.A. ("Zabka"), the leading modern convenience retailer in Poland, by CVC Capital Partners, one of the leading private equity groups globally, from its previous owner Mid Europa Partners. By becoming a shareholder in Zabka, which through its franchise model works closely with and supports small business owners and entrepreneurship on a large scale, the Bank will encourage private entrepreneurship and help address issues of insufficient access to financing by small businesses and start-ups. The EBRD will support future value creation, in particular in the areas of green energy / environmentally friendly investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48542XI-IATI-EBRD-52240European Bank for Reconstruction and DevelopmentSenior loan of up to EUR 50 million to UniCredit Leasing Corporation IFN S.A. (UCL) under the Financial Intermediary Framework. The proceeds of the loan will be used to finance local micro, small and medium-sized enterprises (MSMEs) lessees to ensure their uninterrupted access to finance following the economic consequences of the Covid-19 pandemic.European Bank for Reconstruction and DevelopmentUNICREDIT LEASING CORPORATION IFN SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUCHAREST44.43225 26.1062650000000UNICREDIT LEASING CORPORATION IFN SAPRIVATEPRIVATEPRIVATESenior loan of up to EUR 50 million to UniCredit Leasing Corporation IFN S.A. (UCL) under the Financial Intermediary Framework. The proceeds of the loan will be used to finance local micro, small and medium-sized enterprises (MSMEs) lessees to ensure their uninterrupted access to finance following the economic consequences of the Covid-19 pandemic. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52240XI-IATI-EBRD-53840European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to EUR 4.5 million to be made available in three equal tranches to Banka per Biznes ("BpB") under the Western Balkans Youth in Business ("WB YiB") Programme. The Loan proceeds will be used for on-lending to eligible micro, small and medium-sized enterprises ("MSMEs") whose overall operational management responsibility or majority ownership is held by a person (or persons) under the age of 35 ("Youth MSMEs") in Kosovo in accordance with the Policy Statement.European Bank for Reconstruction and DevelopmentBANKA PER BIZNES SHAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRISTINA42.67272 21.166884500000BANKA PER BIZNES SHAPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to EUR 4.5 million to be made available in three equal tranches to Banka per Biznes ("BpB") under the Western Balkans Youth in Business ("WB YiB") Programme. The Loan proceeds will be used for on-lending to eligible micro, small and medium-sized enterprises ("MSMEs") whose overall operational management responsibility or majority ownership is held by a person (or persons) under the age of 35 ("Youth MSMEs") in Kosovo in accordance with the Policy Statement. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53840XI-IATI-EBRD-55270European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to €2.0 million to be provided in two equal tranches (EUR 1.0 million each) under EBRD Western Balkans Youth in Business Programme ("WB YiBP"). The loan proceeds will be used for on-lending to eligible micro, small and medium-sized enterprises ("MSMEs") whose overall operational management responsibility or majority ownership is held by a person (or persons) under the age of 35 ("Youth MSMEs") in Montenegro in accordance with the Policy Statement.European Bank for Reconstruction and DevelopmentMIKROKREDITNA FINANSIJSKA INSTITUCIJA ALTER MODUS DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPODGORICA42.44111 19.263612000000MIKROKREDITNA FINANSIJSKA INSTITUCIJA ALTER MODUS DOOPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to €2.0 million to be provided in two equal tranches (EUR 1.0 million each) under EBRD Western Balkans Youth in Business Programme ("WB YiBP"). The loan proceeds will be used for on-lending to eligible micro, small and medium-sized enterprises ("MSMEs") whose overall operational management responsibility or majority ownership is held by a person (or persons) under the age of 35 ("Youth MSMEs") in Montenegro in accordance with the Policy Statement. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55270XI-IATI-EBRD-55353European Bank for Reconstruction and DevelopmentThe provision of a senior unsecured loan of up to USD 70 million (EUR 60.3 million) to Akbank T.A.S. ("Akbank" or "AB") under the Turkey Women in Business II ("TurWiB II"), a blended programme established under the Financial Intermediaries Framework ("FIF") to support financing for women led small and medium-sized enterprises (SMEs) to promote women entrepreneurship in Turkiye. TurWiB II is an integrated and dedicated programme supporting women entrepreneurship and women-led SMEs. EBRD financing will be accompanied by a risk sharing mechanism supported by the Turkish Credit Guarantee Fund ("KGF"), underwritten by the Turkish Ministry of Treasury and Finance, to stimulate lending on a sustainable basis. In addition, women entrepreneurs will be provided with advisory, mentorship and networking opportunities, facilitating their access to know-how and non-financial development services, as well as access to markets.European Bank for Reconstruction and DevelopmentAKBANK TASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496630639936.97AKBANK TASPRIVATEPRIVATEPRIVATEThe provision of a senior unsecured loan of up to USD 70 million (EUR 60.3 million) to Akbank T.A.S. ("Akbank" or "AB") under the Turkey Women in Business II ("TurWiB II"), a blended programme established under the Financial Intermediaries Framework ("FIF") to support financing for women led small and medium-sized enterprises (SMEs) to promote women entrepreneurship in Turkiye. TurWiB II is an integrated and dedicated programme supporting women entrepreneurship and women-led SMEs. EBRD financing will be accompanied by a risk sharing mechanism supported by the Turkish Credit Guarantee Fund ("KGF"), underwritten by the Turkish Ministry of Treasury and Finance, to stimulate lending on a sustainable basis. In addition, women entrepreneurs will be provided with advisory, mentorship and networking opportunities, facilitating their access to know-how and non-financial development services, as well as access to markets. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55353XI-IATI-EBRD-56825European Bank for Reconstruction and DevelopmentProvision of USD 60 million working capital facility to be used for sourcing and processing of raw cashew nuts in Côte d'Ivoire. The proposed financing will enable the Dorado Group's subsidiaries in Côte d'Ivoire to increase sourcing of cashew nuts, for further processing and export to global markets.European Bank for Reconstruction and DevelopmentDORADO FZCOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGABIDJAN5.35444 -4.0016726262803.12DORADO FZCOPRIVATEPRIVATEPRIVATEProvision of USD 60 million working capital facility to be used for sourcing and processing of raw cashew nuts in Côte d'Ivoire. The proposed financing will enable the Dorado Group's subsidiaries in Côte d'Ivoire to increase sourcing of cashew nuts, for further processing and export to global markets. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56825XI-IATI-EBRD-55929European Bank for Reconstruction and DevelopmentA sustainability-linked loan of up to EUR 75 million to Ulker Biskuvi Sanayi A.S., one of the leading snackings brands in Turkiye, with a diverse product portfolio which includes biscuits, cakes and chocolates amongst others. The Bank's loan is part of a larger financing package proceeds of which will be used for the reprofiling of the existing sustainability-linked loan facility maturing in March 2026 into a new sustainability-linked loan facility with significantly more ambitious Key Performance Indicators (KPIs).European Bank for Reconstruction and DevelopmentULKER BISKUVI SANAYI ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496675000000ULKER BISKUVI SANAYI ASPRIVATEPRIVATEPRIVATEA sustainability-linked loan of up to EUR 75 million to Ulker Biskuvi Sanayi A.S., one of the leading snackings brands in Turkiye, with a diverse product portfolio which includes biscuits, cakes and chocolates amongst others. The Bank's loan is part of a larger financing package proceeds of which will be used for the reprofiling of the existing sustainability-linked loan facility maturing in March 2026 into a new sustainability-linked loan facility with significantly more ambitious Key Performance Indicators (KPIs). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55929XI-IATI-EBRD-49281European Bank for Reconstruction and DevelopmentProvision of a senior loan of up to TRY 72.5 million to finance the development of a full-scale integrated solid waste management system in the province of Canakkale, Turkey pursuant to a 29 years concession awarded by the Canakkale Solid Waste Management Municipal Union. The project area, including the Canakkale and nearby municipalities with a total population of 173,000, is located at the west end of the Marmara Region. The project will include the transfer of the existing municipal solid waste operations in Canakkale and the realisation of additional investments including the (i) construction of a mechanical biological treatment plant, (ii) procurement of a vehicle fleet, (iii) rehabilitation of the existing leachate treatment plant and (iv) related investments in the existing facility. The project aims to improve solid waste management system in the Canakkale region through investment and know-how, resulting in an integrated solution in line with Turkey's national solid waste programme.European Bank for Reconstruction and DevelopmentVEOLIA CANAKKALE ATIK HIZMETLERI ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCANAKKALE40.15552 26.412710.011360305.23VEOLIA CANAKKALE ATIK HIZMETLERI ASPRIVATEPRIVATEPRIVATEProvision of a senior loan of up to TRY 72.5 million to finance the development of a full-scale integrated solid waste management system in the province of Canakkale, Turkey pursuant to a 29 years concession awarded by the Canakkale Solid Waste Management Municipal Union. The project area, including the Canakkale and nearby municipalities with a total population of 173,000, is located at the west end of the Marmara Region. The project will include the transfer of the existing municipal solid waste operations in Canakkale and the realisation of additional investments including the (i) construction of a mechanical biological treatment plant, (ii) procurement of a vehicle fleet, (iii) rehabilitation of the existing leachate treatment plant and (iv) related investments in the existing facility. The project aims to improve solid waste management system in the Canakkale region through investment and know-how, resulting in an integrated solution in line with Turkey's national solid waste programme. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49281XI-IATI-EBRD-56364European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 100 million to Turk Ekonomi Bankasi A.S. ("TEB" or the "Company"), under the Türkiye Green Economy Financing Facility II ("GEFF II" or the "Framework"). GEFF II loan will enable TEB to access long-term funding and diversify its funding sources along with the opportunity to contribute to green transition. The Project aims to support green economy investments, including the financing of green mortgages, energy efficiency, renewable energy, and climate resilience measures, in a gender-responsive way. Funds may also be on-lent to vendors and producers of eligible material and equipment covered by the Green Technology Selector for Türkiye. The loan will be supported by Technical Cooperation ("TC"), as envisaged under GEFF II. The project is determined aligned with the Paris Agreement based on the application of the EBRD's Paris alignment approach for indirectly financed investments.European Bank for Reconstruction and DevelopmentTURK EKONOMI BANKASI ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496650000000TURK EKONOMI BANKASI ASPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 100 million to Turk Ekonomi Bankasi A.S. ("TEB" or the "Company"), under the Türkiye Green Economy Financing Facility II ("GEFF II" or the "Framework"). GEFF II loan will enable TEB to access long-term funding and diversify its funding sources along with the opportunity to contribute to green transition. The Project aims to support green economy investments, including the financing of green mortgages, energy efficiency, renewable energy, and climate resilience measures, in a gender-responsive way. Funds may also be on-lent to vendors and producers of eligible material and equipment covered by the Green Technology Selector for Türkiye. The loan will be supported by Technical Cooperation ("TC"), as envisaged under GEFF II. The project is determined aligned with the Paris Agreement based on the application of the EBRD's Paris alignment approach for indirectly financed investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56364XI-IATI-EBRD-47399European Bank for Reconstruction and DevelopmentThe EBRD is financing a hospital infrastructure PPP project involving the design, construction, equipping, financing, and maintenance of an integrated health campus in Bayrakli, one of the metropolitan districts of Izmir, Turkey, pursuant to a 28-year concession awarded by Turkey's Ministry of Health (MoH). Under this PPP structure, the concessionaire will be responsible for designing, building, financing, leasing and operating of the hospital facilities, while the provision of medical care and services will remain the responsibility of the Ministry of Health. The EBRD will assist in increasing private sector participation in the hospital infrastructure sector in Turkey. In response to the need for large capacity investments in healthcare systems, the Turkish government is seeking to tap private sector resources and know-how to construct and manage infrastructure related facilities more rapidly and more efficiently, while medical service provision remains under the responsibility of the state.European Bank for Reconstruction and DevelopmentIZMIR BAYRAKLI HASTANE YATIRIM VE SAGLIK HIZMETLERI ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANKARA39.91987 32.8542785000000IZMIR BAYRAKLI HASTANE YATIRIM VE SAGLIK HIZMETLERI ASPRIVATEPRIVATEPRIVATEThe EBRD is financing a hospital infrastructure PPP project involving the design, construction, equipping, financing, and maintenance of an integrated health campus in Bayrakli, one of the metropolitan districts of Izmir, Turkey, pursuant to a 28-year concession awarded by Turkey's Ministry of Health (MoH). Under this PPP structure, the concessionaire will be responsible for designing, building, financing, leasing and operating of the hospital facilities, while the provision of medical care and services will remain the responsibility of the Ministry of Health. The EBRD will assist in increasing private sector participation in the hospital infrastructure sector in Turkey. In response to the need for large capacity investments in healthcare systems, the Turkish government is seeking to tap private sector resources and know-how to construct and manage infrastructure related facilities more rapidly and more efficiently, while medical service provision remains under the responsibility of the state. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47399XI-IATI-EBRD-52871European Bank for Reconstruction and DevelopmentA senior loan of up to USD 8.5 million in favour of Altintel Liman ve Terminal Isletmeleri A.S. ("Altintel Port", the "Borrower", or the "Port"), a liquid bulk port located in Kocaeli Province in the Marmara region of Turkey. The Bank's investment will be used to finance the Port's expansion through construction and installation of 18 chemical storage tanks and related infrastructure with a modern sensor system (the "Project"). The expansion results in an increase of the Port's total liquid bulk capacity by 23,164 m3 to 105,600 m3. The new facilities are not associated with fossil fuels and are used for the handling and storage of petrochemicals and base oil, which are raw materials for consumer goods, paint and coating, pharmaceuticals, agriculture, construction, electronics and automotive industries. The Project employs a high level of automation and digitalisation technologies through a modern sensor system, which enhance: (i) energy, cost savings, and GHG reduction; (ii) safety; and (iii) business operations. The Project also includes advanced systems and good use of smart technology in: (i) tank stock management; (ii) flow control to/from the jetty; (iii) truck loading bays; (iv) drumming facility; and (v) pumping system. Therefore, the Project is a good example in Turkey of a mid-size business adopting technologies that go beyond the regulatory requirements and country practice. The Project is expected to contribute positively to Altintel Port's decarbonisation by implementing the latest technological and operational improvements. The Project is aligned with Paris Agreement on both mitigation and adaptation. The GET share of the Project is 17%, implying GET-eligible ABI of USD 1.445 million. The Project contributes to emissions reduction due to the fuel shift from fuel oil to natural gas, using electric equipment, inverter pumps and LED lighting. By phasing out fuel oil consumption in the Port's heating system, the Project will also result in reduction of pollutant emissions. The Project's overall objective is to achieve the Port's expansion maintaining the highest level of environmental and safety standards, strong operational and financial performance and GHG savings.European Bank for Reconstruction and DevelopmentALTINTEL LIMAN VE TERMINAL ISLETMELERI ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKOCAELI40.91667 29.916677441127.55ALTINTEL LIMAN VE TERMINAL ISLETMELERI ASPRIVATEPRIVATEPRIVATEA senior loan of up to USD 8.5 million in favour of Altintel Liman ve Terminal Isletmeleri A.S. ("Altintel Port", the "Borrower", or the "Port"), a liquid bulk port located in Kocaeli Province in the Marmara region of Turkey. The Bank's investment will be used to finance the Port's expansion through construction and installation of 18 chemical storage tanks and related infrastructure with a modern sensor system (the "Project"). The expansion results in an increase of the Port's total liquid bulk capacity by 23,164 m3 to 105,600 m3. The new facilities are not associated with fossil fuels and are used for the handling and storage of petrochemicals and base oil, which are raw materials for consumer goods, paint and coating, pharmaceuticals, agriculture, construction, electronics and automotive industries. The Project employs a high level of automation and digitalisation technologies through a modern sensor system, which enhance: (i) energy, cost savings, and GHG reduction; (ii) safety; and (iii) business operations. The Project also includes advanced systems and good use of smart technology in: (i) tank stock management; (ii) flow control to/from the jetty; (iii) truck loading bays; (iv) drumming facility; and (v) pumping system. Therefore, the Project is a good example in Turkey of a mid-size business adopting technologies that go beyond the regulatory requirements and country practice. The Project is expected to contribute positively to Altintel Port's decarbonisation by implementing the latest technological and operational improvements. The Project is aligned with Paris Agreement on both mitigation and adaptation. The GET share of the Project is 17%, implying GET-eligible ABI of USD 1.445 million. The Project contributes to emissions reduction due to the fuel shift from fuel oil to natural gas, using electric equipment, inverter pumps and LED lighting. By phasing out fuel oil consumption in the Port's heating system, the Project will also result in reduction of pollutant emissions. The Project's overall objective is to achieve the Port's expansion maintaining the highest level of environmental and safety standards, strong operational and financial performance and GHG savings. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52871XI-IATI-EBRD-56242European Bank for Reconstruction and DevelopmentA senior loan of up to €12 million (the "Loan") to the City of Rivne (the "City ") in Ukraine, to finance Energy Efficiency ("EE"), Renewable Energy ("RE") and energy security measures in up to 24 public buildings, including key social infrastructure facilities such as hospitals, kindergartens, schools, and war veterans rehabilitation facilities (the "Project"). The Loan is part of a broader financial package, which also includes a €6 million investment grant from the Eastern Europe Energy Efficiency and Environmental Partnership ("E5P "), as well as €1 million co-financing from the City. Given war- triggered risks, the Loan will also benefit from a partial guarantee provided by the Government of Spain on a pari passu basis. The Loan and the E5P grant proceeds will finance EE, RE and energy security investments in up to 24 public buildings, improving thermal comfort for up to 159,000 people using the facilities on annual basis, including vulnerable groups such as people with disabilities, women with children, and Internally Displaced Persons ("IDPs"). Thanks to the installation of photovoltaic panels, battery energy storage systems, and heat pumps, the Project will enhance energy resilience of the City. At the end-user level, the Project is expected to ensure energy savings of up to 46% versus normalized baseline. It also includes accessibility improvements in 14 healthcare and educational institutions. The total annual reduction in Greenhouse Gas ("GHG") emission from the Project is calculated at 2,979 tonnes of CO2e.European Bank for Reconstruction and DevelopmentCITY OF RIVNEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGRIVNE1200000012000000CITY OF RIVNESTATESTATESTATESTATEA senior loan of up to €12 million (the "Loan") to the City of Rivne (the "City ") in Ukraine, to finance Energy Efficiency ("EE"), Renewable Energy ("RE") and energy security measures in up to 24 public buildings, including key social infrastructure facilities such as hospitals, kindergartens, schools, and war veterans rehabilitation facilities (the "Project"). The Loan is part of a broader financial package, which also includes a €6 million investment grant from the Eastern Europe Energy Efficiency and Environmental Partnership ("E5P "), as well as €1 million co-financing from the City. Given war- triggered risks, the Loan will also benefit from a partial guarantee provided by the Government of Spain on a pari passu basis. The Loan and the E5P grant proceeds will finance EE, RE and energy security investments in up to 24 public buildings, improving thermal comfort for up to 159,000 people using the facilities on annual basis, including vulnerable groups such as people with disabilities, women with children, and Internally Displaced Persons ("IDPs"). Thanks to the installation of photovoltaic panels, battery energy storage systems, and heat pumps, the Project will enhance energy resilience of the City. At the end-user level, the Project is expected to ensure energy savings of up to 46% versus normalized baseline. It also includes accessibility improvements in 14 healthcare and educational institutions. The total annual reduction in Greenhouse Gas ("GHG") emission from the Project is calculated at 2,979 tonnes of CO2e. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56242XI-IATI-EBRD-50958European Bank for Reconstruction and DevelopmentProvision of an additional equity commitment of up to EUR 40 million to increase the investment capacity of Taaleri SolarWind II (the "Fund") to which EBRD committed EUR 40 million in January 2020. The Fund's strategy is to invest primarily in greenfield and opportunistically in operational assets in Europe as well as selected other geographies globally. EBRD participates solely in investments in the Bank's countries of operations ("CoOs"). The CoOs targeted by the Fund include Bulgaria, Croatia, Estonia, Greece, Hungary, Latvia, Lithuania, Montenegro, Poland, Romania and Serbia.European Bank for Reconstruction and DevelopmentTAALERI SOLARWIND II SCSP-RAIFEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGZAGREB45.81444 15.97798VILNIUS54.68916 25.2798WARSAW52.22977 21.0117831752678.2980000000TAALERI SOLARWIND II SCSP-RAIFPRIVATEPRIVATEPRIVATEProvision of an additional equity commitment of up to EUR 40 million to increase the investment capacity of Taaleri SolarWind II (the "Fund") to which EBRD committed EUR 40 million in January 2020. The Fund's strategy is to invest primarily in greenfield and opportunistically in operational assets in Europe as well as selected other geographies globally. EBRD participates solely in investments in the Bank's countries of operations ("CoOs"). The CoOs targeted by the Fund include Bulgaria, Croatia, Estonia, Greece, Hungary, Latvia, Lithuania, Montenegro, Poland, Romania and Serbia. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50958XI-IATI-EBRD-52352European Bank for Reconstruction and DevelopmentAn equity investment of EUR 67.5m in the initial public offering ("IPO") of AB Ignitis Grupe ("Ignitis Grupe", the "company"), a leading utility and renewable energy company in the Baltics region. The EBRD's subscription accounted for 15% of the shares newly issued in the IPO, equivalent to 4% of the company's total stake. The company's shares are now dual-listed on the Vilnius Stock Exchange and the London Stock Exchange. The goal is to support the largest IPO in the Baltics region, a milestone for regional capital markets development. The proceeds of the Bank's subscription will be used to finance the company's distribution network investment programme.European Bank for Reconstruction and DevelopmentIGNITIS GRUPE ABEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGVILNIUS54.68916 25.279867500000IGNITIS GRUPE AB54000000IGNITIS GRUPE ABSTATESTATESTATESTATEAn equity investment of EUR 67.5m in the initial public offering ("IPO") of AB Ignitis Grupe ("Ignitis Grupe", the "company"), a leading utility and renewable energy company in the Baltics region. The EBRD's subscription accounted for 15% of the shares newly issued in the IPO, equivalent to 4% of the company's total stake. The company's shares are now dual-listed on the Vilnius Stock Exchange and the London Stock Exchange. The goal is to support the largest IPO in the Baltics region, a milestone for regional capital markets development. The proceeds of the Bank's subscription will be used to finance the company's distribution network investment programme. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52352XI-IATI-EBRD-54260European Bank for Reconstruction and DevelopmentProvision of a senior syndicated MSME loan in the amount of up to USD 20m incl. USD 10m A Loan for the account of EBRD and up to USD 10m B loan for the account of B-lender(s). Should the B lender not be identified or only a portion of the proposed B loan be mobilized, EBRD will provide the full A loan amount to the borrower. The loan will have a maturity of up to 3 years, will be provided in AZN and be used by AB for the growth of its MSME loan portfolio in line with the eligibility criteria of the Financial Intermediary Framework ("FIF"). Null ValueEuropean Bank for Reconstruction and DevelopmentACCESSBANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBAKU40.37767 49.892018754267.7ACCESSBANK CJSCPRIVATEPRIVATEPRIVATEProvision of a senior syndicated MSME loan in the amount of up to USD 20m incl. USD 10m A Loan for the account of EBRD and up to USD 10m B loan for the account of B-lender(s). Should the B lender not be identified or only a portion of the proposed B loan be mobilized, EBRD will provide the full A loan amount to the borrower. The loan will have a maturity of up to 3 years, will be provided in AZN and be used by AB for the growth of its MSME loan portfolio in line with the eligibility criteria of the Financial Intermediary Framework ("FIF"). Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54260XI-IATI-EBRD-54071European Bank for Reconstruction and DevelopmentEUR 25.6 million credit protection guarantee to Raiffeisenbank Austria d.d. ("RBA"), a commercial bank incorporated in Croatia, by participating in a synthetic balance sheet securitisation of c. EUR 367 million performing SME and corporate loans' portfolio, originated by RBA. The structure uses a bilateral unfunded financial guarantee, passing on to EBRD the credit risk of the mezzanine tranche of the securitised portfolio. The project boosts the resilience of a systemic bank in Croatia, by allowing RBA to achieve a risk-weighted assets' ("RWA") relief and optimise its regulatory capital requirements, while the RWA relief achieved will be redeployed to new on-lending to the real economy. As such, RBA will fully utilise this capacity to finance new eligible SME and corporate loans, out of which RBA will allocate funds in the amount of 120% of the Bank's guarantee for financing new GET eligibility projects.European Bank for Reconstruction and DevelopmentRAIFFEISENBANK AUSTRIA DD ZAGREBEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGZAGREB45.81444 15.977982559581425595814RAIFFEISENBANK AUSTRIA DD ZAGREBPRIVATEPRIVATEPRIVATEEUR 25.6 million credit protection guarantee to Raiffeisenbank Austria d.d. ("RBA"), a commercial bank incorporated in Croatia, by participating in a synthetic balance sheet securitisation of c. EUR 367 million performing SME and corporate loans' portfolio, originated by RBA. The structure uses a bilateral unfunded financial guarantee, passing on to EBRD the credit risk of the mezzanine tranche of the securitised portfolio. The project boosts the resilience of a systemic bank in Croatia, by allowing RBA to achieve a risk-weighted assets' ("RWA") relief and optimise its regulatory capital requirements, while the RWA relief achieved will be redeployed to new on-lending to the real economy. As such, RBA will fully utilise this capacity to finance new eligible SME and corporate loans, out of which RBA will allocate funds in the amount of 120% of the Bank's guarantee for financing new GET eligibility projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54071XI-IATI-EBRD-50423European Bank for Reconstruction and DevelopmentProvision of a senior long-term loan to finance the construction of the 105MW wind farm located in the Mitrovica Municipality in Northern Kosovo (the "Project"). The project will be implemented by Sowi Kosovo LLC, a special purpose vehicle established for the purpose of the project, owned by Enlight Renewable Energy together with its Kosovan and German partners. The project will contribute to climate mitigation by increasing the share of renewable energy generation in Kosovo and add 105 MW of wind generation capacity to the national energy system. The project will significantly increase the share of electricity generated by wind power in Kosovo, which is otherwise largely reliant on coal-fired power generation.European Bank for Reconstruction and DevelopmentSOWI KOSOVOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRISTINA42.67272 21.1668857500000SOWI KOSOVOPRIVATEPRIVATEPRIVATEProvision of a senior long-term loan to finance the construction of the 105MW wind farm located in the Mitrovica Municipality in Northern Kosovo (the "Project"). The project will be implemented by Sowi Kosovo LLC, a special purpose vehicle established for the purpose of the project, owned by Enlight Renewable Energy together with its Kosovan and German partners. The project will contribute to climate mitigation by increasing the share of renewable energy generation in Kosovo and add 105 MW of wind generation capacity to the national energy system. The project will significantly increase the share of electricity generated by wind power in Kosovo, which is otherwise largely reliant on coal-fired power generation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50423XI-IATI-EBRD-55252European Bank for Reconstruction and DevelopmentProvision of an Equity Bridge Loan ("EBL") to fund Scatec's equity commitment in the construction and operation of a 50 MW solar PV plant located in the area of Sidi Bouzid, in Tunisia (the "Project"). The Project will promote private sector participation in the Tunisian power sector. By adding 50 MW of green generation capacity to the Tunisian power system - currently dominated by gas-fired power plants (94.7% of installed capacity), the Project will reduce reliance on thermal power generation and increase the share of renewable energy in the energy mix in line with the nationally declared targets.European Bank for Reconstruction and DevelopmentSIDI BOUZID HOLDCO BVEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTUNIS36.81897 10.1657910000000SIDI BOUZID HOLDCO BVPRIVATEPRIVATEPRIVATEProvision of an Equity Bridge Loan ("EBL") to fund Scatec's equity commitment in the construction and operation of a 50 MW solar PV plant located in the area of Sidi Bouzid, in Tunisia (the "Project"). The Project will promote private sector participation in the Tunisian power sector. By adding 50 MW of green generation capacity to the Tunisian power system - currently dominated by gas-fired power plants (94.7% of installed capacity), the Project will reduce reliance on thermal power generation and increase the share of renewable energy in the energy mix in line with the nationally declared targets. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55252XI-IATI-EBRD-57392European Bank for Reconstruction and DevelopmentThe provision of a senior unsecured mortgage loan of up to €7 million in favour of NLB Banka AD Podgorica (NLBP) in a single tranche to be provided for on-lending to eligible private individuals for housing purposes. The proceeds of the loan will be used by NLBP to provide long-term financing for residential mortgage lending in Montenegro in accordance with the List of Minimum Standards for Residential Mortgage Lending (LMS).European Bank for Reconstruction and DevelopmentNLB BANKA AD PODGORICAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPODGORICA42.44111 19.263617000000NLB BANKA AD PODGORICAPRIVATEPRIVATEPRIVATEThe provision of a senior unsecured mortgage loan of up to €7 million in favour of NLB Banka AD Podgorica (NLBP) in a single tranche to be provided for on-lending to eligible private individuals for housing purposes. The proceeds of the loan will be used by NLBP to provide long-term financing for residential mortgage lending in Montenegro in accordance with the List of Minimum Standards for Residential Mortgage Lending (LMS). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57392XI-IATI-EBRD-54639European Bank for Reconstruction and DevelopmentA loan of up to RON 175 million in favour of Retele Electrice Muntenia, the ("Borrower", or "Company"), a company registered in Romania. The Borrower, a distribution system operator ("DSO") of electricity responsible for 49,300 km of lines, is one of three DSOs in Romania majority owned by Public Power Corporation of Greece ("PPC"). The loan will co-finance part of the Borrower's capital expenditures related to the 2023-2024 investment programme for its network modernisation and digitalisation.European Bank for Reconstruction and DevelopmentRETELE ELECTRICE ROMANIA SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUCHAREST44.43225 26.1062629585544.6995437240.95RETELE ELECTRICE ROMANIA SAPRIVATEPRIVATEPRIVATEA loan of up to RON 175 million in favour of Retele Electrice Muntenia, the ("Borrower", or "Company"), a company registered in Romania. The Borrower, a distribution system operator ("DSO") of electricity responsible for 49,300 km of lines, is one of three DSOs in Romania majority owned by Public Power Corporation of Greece ("PPC"). The loan will co-finance part of the Borrower's capital expenditures related to the 2023-2024 investment programme for its network modernisation and digitalisation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54639XI-IATI-EBRD-55119European Bank for Reconstruction and DevelopmentA senior debt facility to Bioelektra Wierzbica in the amount of up to PLN 95.4 million (ca EUR 22.3 million equivalent) to finance the construction and operation of a new municipal solid waste ("MSW") processing plant, with an annual capacity of ca 150,000 tons of mixed MSW, located in Wierzbica, Mazowieckie voivodeship, Poland. The new plant will comprise a reception hall, state-of-the-art autoclaving systems, an advanced sorting line and bio-drying chambers. Wierzbica will use a patented RotoSteril technology that utilises sterilization of waste which i) effectively removes the need for MSW landfilling (landfilling diversion in excess of 95%) and ii) maximises material recovery. As a result, mixed municipal waste will be largely transformed into usable green products aligned with the circular economy principles, reducing the overall environmental impact and promoting sustainability in waste management. The RotoSteril technology's unique feature and key differentiator relative to all competing waste processing technologies will be the ability to separate and extract sterile, biodegradable organic material, which today makes up to 40% of mixed municipal waste.European Bank for Reconstruction and DevelopmentBIOELEKTRA WIERZBICA SP ZOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWIERZBICA51.24833 21.082594091230.5516647649.65BIOELEKTRA WIERZBICA SP ZOOPRIVATEPRIVATEPRIVATEA senior debt facility to Bioelektra Wierzbica in the amount of up to PLN 95.4 million (ca EUR 22.3 million equivalent) to finance the construction and operation of a new municipal solid waste ("MSW") processing plant, with an annual capacity of ca 150,000 tons of mixed MSW, located in Wierzbica, Mazowieckie voivodeship, Poland. The new plant will comprise a reception hall, state-of-the-art autoclaving systems, an advanced sorting line and bio-drying chambers. Wierzbica will use a patented RotoSteril technology that utilises sterilization of waste which i) effectively removes the need for MSW landfilling (landfilling diversion in excess of 95%) and ii) maximises material recovery. As a result, mixed municipal waste will be largely transformed into usable green products aligned with the circular economy principles, reducing the overall environmental impact and promoting sustainability in waste management. The RotoSteril technology's unique feature and key differentiator relative to all competing waste processing technologies will be the ability to separate and extract sterile, biodegradable organic material, which today makes up to 40% of mixed municipal waste. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55119XI-IATI-EBRD-48348European Bank for Reconstruction and DevelopmentA syndicated loan of EUR 105 million loan to Izmir Metropolitan Municipality. The proceeds will be used for the construction of the Fahrettin Altay-Narlidere metro line with a total length of 7.2 kilometers including underground stations and electromechanical works. The construction of a new metro line is part of city's extension of its urban rail network to meet increasing demand, providing an environmentally friendly alternative to private vehicles.European Bank for Reconstruction and DevelopmentMUNICIPALITY OF IZMIREuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGIZMIR38.41273 27.1383880000000MUNICIPALITY OF IZMIR20000000MUNICIPALITY OF IZMIR10000000MUNICIPALITY OF IZMIR13700000MUNICIPALITY OF IZMIR4765884MUNICIPALITY OF IZMIR6603018MUNICIPALITY OF IZMIR6647254MUNICIPALITY OF IZMIR12416375MUNICIPALITY OF IZMIR5867469MUNICIPALITY OF IZMIRSTATESTATESTATESTATEA syndicated loan of EUR 105 million loan to Izmir Metropolitan Municipality. The proceeds will be used for the construction of the Fahrettin Altay-Narlidere metro line with a total length of 7.2 kilometers including underground stations and electromechanical works. The construction of a new metro line is part of city's extension of its urban rail network to meet increasing demand, providing an environmentally friendly alternative to private vehicles. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48348XI-IATI-EBRD-54050European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 84.6 million available for ING Bank A.S. ("INGT" or "the Company") under the Green Economy Financing Facility Türkiye ("GEFF Türkiye") Framework. The loan to INGT was co-financed by the Clean Technology Fund ("CTF"). The proceeds of the loan will be used to finance eligible sub-projects, selected according to the technical, financial and environmental eligibility criteria as per the GEFF Türkiye Policy Statement. The project aims to support green economy investments including among others energy efficiency, renewable energy and climate resilience measures. Funds may also be on-lent to vendors and producers of eligible material and equipment covered by the Green Technology Selector for Türkiye. The project will also support the mainstreaming of corporate climate governance as part of the GEFF Türkiye framework.European Bank for Reconstruction and DevelopmentING BANK ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496680000000ING BANK ASPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 84.6 million available for ING Bank A.S. ("INGT" or "the Company") under the Green Economy Financing Facility Türkiye ("GEFF Türkiye") Framework. The loan to INGT was co-financed by the Clean Technology Fund ("CTF"). The proceeds of the loan will be used to finance eligible sub-projects, selected according to the technical, financial and environmental eligibility criteria as per the GEFF Türkiye Policy Statement. The project aims to support green economy investments including among others energy efficiency, renewable energy and climate resilience measures. Funds may also be on-lent to vendors and producers of eligible material and equipment covered by the Green Technology Selector for Türkiye. The project will also support the mainstreaming of corporate climate governance as part of the GEFF Türkiye framework. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54050XI-IATI-EBRD-52199European Bank for Reconstruction and DevelopmentUp to EUR 130 million sovereign loan to the Republic of Turkey, for the benefit of the Ministry of Health (MoH), to finance the purchase of ventilators and ICU monitors, and other emergency medical equipment urgently needed in public hospitals to fight the Covid-19 pandemic. The project aims to support the Government of Turkey in uplifting its healthcare emergency response in public hospitals across the country and to help the emergency response efforts against the Covid-19 crisis. The loan proceeds will be used to equip Turkey's existing and new public hospitals built to provide adequate and timely healthcare services to the pandemic patients. The project supplements the ICU bed capacity in the country, including in Istanbul pandemic hospital in Yesilkoy. This pandemic hospital along with other Covid-19 hospitals will remain in service for possible future waves of Covid-19 cases, as well as other emergencies related to earthquakes, risk of which is particularly high in the country and requires ample sector capacity. The project reduces the funding gap of the government's emergency health programme and is complementary to other loans provided by IFIs in the country to fight the pandemic.European Bank for Reconstruction and DevelopmentTÜRKIYE SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANKARA39.91987 32.85427130000000TÜRKIYE SOVEREIGN11050000TÜRKIYE SOVEREIGN29000000TÜRKIYE SOVEREIGN18532000TÜRKIYE SOVEREIGN34500000TÜRKIYE SOVEREIGN29000000TÜRKIYE SOVEREIGN6500000TÜRKIYE SOVEREIGNSTATESTATESTATESTATEUp to EUR 130 million sovereign loan to the Republic of Turkey, for the benefit of the Ministry of Health (MoH), to finance the purchase of ventilators and ICU monitors, and other emergency medical equipment urgently needed in public hospitals to fight the Covid-19 pandemic. The project aims to support the Government of Turkey in uplifting its healthcare emergency response in public hospitals across the country and to help the emergency response efforts against the Covid-19 crisis. The loan proceeds will be used to equip Turkey's existing and new public hospitals built to provide adequate and timely healthcare services to the pandemic patients. The project supplements the ICU bed capacity in the country, including in Istanbul pandemic hospital in Yesilkoy. This pandemic hospital along with other Covid-19 hospitals will remain in service for possible future waves of Covid-19 cases, as well as other emergencies related to earthquakes, risk of which is particularly high in the country and requires ample sector capacity. The project reduces the funding gap of the government's emergency health programme and is complementary to other loans provided by IFIs in the country to fight the pandemic. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52199XI-IATI-EBRD-52767European Bank for Reconstruction and DevelopmentA senior loan of up to EUR 125 million to Ankara Metropolitan Municipality (AMM). The proceeds of the loan will be used for the construction of Dikimevi - Nato yolu metro line, 7.46km and 8 stations. The Project will be an underground metro line with the stations and tunnel having an average depth between 30 to 45 meters below ground level. The Project will result in safer and more reliable transport services for 691,520 passengers per day. The construction of a new metro line is part of the city's extension of its urban rail network to meet increasing demand, providing an environmentally friendly alternative to private vehicles.European Bank for Reconstruction and DevelopmentMUNICIPALITY OF ANKARAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANKARA39.91987 32.85427104660213.98125000000MUNICIPALITY OF ANKARA15146222.85MUNICIPALITY OF ANKARA5193563.17MUNICIPALITY OF ANKARASTATESTATESTATESTATEA senior loan of up to EUR 125 million to Ankara Metropolitan Municipality (AMM). The proceeds of the loan will be used for the construction of Dikimevi - Nato yolu metro line, 7.46km and 8 stations. The Project will be an underground metro line with the stations and tunnel having an average depth between 30 to 45 meters below ground level. The Project will result in safer and more reliable transport services for 691,520 passengers per day. The construction of a new metro line is part of the city's extension of its urban rail network to meet increasing demand, providing an environmentally friendly alternative to private vehicles. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52767XI-IATI-EBRD-52973European Bank for Reconstruction and DevelopmentThe Bank has invested US$ 40 million in a US$ 500 million Eurobond issuance by Anadolu Efes Biracilik ve Malt Sanayii A.i. a large regional producer of beer and soft drinks. The proceeds will be applied towards refinancing of the existing Eurobond maturing in 2022 and for general corporate purposes. The Project will enhance access to skills and economic opportunities for farmers through the introduction of a Training programme on more sustainable, productivity raising agricultural practices in barley and hops production. The Company will also offer support and knowledge sharing to contracted farmers on the use of digital technologies in agriculture and it will introduce novel products and processes that promote a circular economy model for the brewery industry.European Bank for Reconstruction and DevelopmentANADOLU EFES BIRACILIK VE MALT SANAYII ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496643771338.53ANADOLU EFES BIRACILIK VE MALT SANAYII ASPRIVATEPRIVATEPRIVATEThe Bank has invested US$ 40 million in a US$ 500 million Eurobond issuance by Anadolu Efes Biracilik ve Malt Sanayii A.i. a large regional producer of beer and soft drinks. The proceeds will be applied towards refinancing of the existing Eurobond maturing in 2022 and for general corporate purposes. The Project will enhance access to skills and economic opportunities for farmers through the introduction of a Training programme on more sustainable, productivity raising agricultural practices in barley and hops production. The Company will also offer support and knowledge sharing to contracted farmers on the use of digital technologies in agriculture and it will introduce novel products and processes that promote a circular economy model for the brewery industry. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52973XI-IATI-EBRD-54300European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 100 million to Türkiye Sinai Kalkinma Bankasi A.S. ("TSKB") under the Türkiye Green Economy Financing Facility II ("GEFF II") programme. The proceeds of the Bank`s investment will be used by TSKB to finance women and men sub-borrowers implementing green economy investments including, among others, energy efficiency, renewable energy and climate resilience measures, and additional green investment areas focusing on nature and biodiversity, blue economy, as well as sustainable transport and tourism. The transaction's use of proceeds requirements will direct funds to the real economy, supporting delivery of EBRD's Green transition quality. Proceeds of the loan will be dedicated to financing green economy investments, in a gender responsive way, in line with the GEFF II Framework's technical eligibility criteria as defined in the Policy Statement, forming an integral part of the financing agreements.European Bank for Reconstruction and DevelopmentTURKIYE SINAI KALKINMA BANKASI ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.94966100000000TURKIYE SINAI KALKINMA BANKASI ASPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 100 million to Türkiye Sinai Kalkinma Bankasi A.S. ("TSKB") under the Türkiye Green Economy Financing Facility II ("GEFF II") programme. The proceeds of the Bank`s investment will be used by TSKB to finance women and men sub-borrowers implementing green economy investments including, among others, energy efficiency, renewable energy and climate resilience measures, and additional green investment areas focusing on nature and biodiversity, blue economy, as well as sustainable transport and tourism. The transaction's use of proceeds requirements will direct funds to the real economy, supporting delivery of EBRD's Green transition quality. Proceeds of the loan will be dedicated to financing green economy investments, in a gender responsive way, in line with the GEFF II Framework's technical eligibility criteria as defined in the Policy Statement, forming an integral part of the financing agreements. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54300XI-IATI-EBRD-47625European Bank for Reconstruction and DevelopmentEBRD is providing new financing of USD 110 million to Akbank T.A.S. (Akbank) through the Turkey Mid-size Sustainable Energy Financing Facility III (MidSEFF III), a framework operation of €500 million to be provided by EBRD to eligible participating financial institutions (PFIs) for on-lending to private sector borrowers for renewable energy (RE) and resource efficiency (ResE) investments. Akbank will be the first PFI to be included under MidSEFF III. Null ValueEuropean Bank for Reconstruction and DevelopmentARTS LTDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANKARA39.91987 32.8542796296944.76ARTS LTDPRIVATEPRIVATEPRIVATEEBRD is providing new financing of USD 110 million to Akbank T.A.S. (Akbank) through the Turkey Mid-size Sustainable Energy Financing Facility III (MidSEFF III), a framework operation of €500 million to be provided by EBRD to eligible participating financial institutions (PFIs) for on-lending to private sector borrowers for renewable energy (RE) and resource efficiency (ResE) investments. Akbank will be the first PFI to be included under MidSEFF III. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47625XI-IATI-EBRD-46507European Bank for Reconstruction and DevelopmentIn December 2019, the EBRD signed a sovereign-guaranteed loan of EUR 45 million with Societe des Transports de Tunis ("TRANSTU") to finance the acquisition of new suburban rail trains for the historic TunisiGouletteiMarsa (TGM) line, which connects the centre of Tunis with the northern suburb of La Marsa. The financing also covers essential equipment for the testing and maintenance of the new trains. This loan was complemented by an equivalent loan from the EIB, signed in December 2021 and EUR 17.8 million contribution from the Government of Tunisia. The project is expected to reverse the operational decline of TRANSTU's electrified suburban line, as well as improve its financial sustainability and its relationship with the Government of Tunisia by focusing on the development of a Financial and Operational Performance Improvement Programme (FOPIP) and Corporate Development Programme (CDP). These will entail a review of the Contractual Programme and proposing concrete steps to improve the efficiency and revenue generating potential of urban transport in Tunis. The Project forms an integral part of the Tunisian national transport sector development strategy and is a priority investment under the country's Strategic Plan "Tunisia 2016-20".European Bank for Reconstruction and DevelopmentSOCIETE DES TRANSPORTS DE TUNISEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTUNIS36.81897 10.165794455000045000000SOCIETE DES TRANSPORTS DE TUNIS450000SOCIETE DES TRANSPORTS DE TUNISSTATESTATESTATESTATEIn December 2019, the EBRD signed a sovereign-guaranteed loan of EUR 45 million with Societe des Transports de Tunis ("TRANSTU") to finance the acquisition of new suburban rail trains for the historic TunisiGouletteiMarsa (TGM) line, which connects the centre of Tunis with the northern suburb of La Marsa. The financing also covers essential equipment for the testing and maintenance of the new trains. This loan was complemented by an equivalent loan from the EIB, signed in December 2021 and EUR 17.8 million contribution from the Government of Tunisia. The project is expected to reverse the operational decline of TRANSTU's electrified suburban line, as well as improve its financial sustainability and its relationship with the Government of Tunisia by focusing on the development of a Financial and Operational Performance Improvement Programme (FOPIP) and Corporate Development Programme (CDP). These will entail a review of the Contractual Programme and proposing concrete steps to improve the efficiency and revenue generating potential of urban transport in Tunis. The Project forms an integral part of the Tunisian national transport sector development strategy and is a priority investment under the country's Strategic Plan "Tunisia 2016-20". For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/46507XI-IATI-EBRD-51539European Bank for Reconstruction and DevelopmentA senior loan of up to €10 million (the "Loan") to Lviv City Communal Enterprise "Lvivvodokanal" (the "Company") to finance a critical rehabilitation and modernization of two Wastewater Treatment Plants ("WWTPs") in the City of Lviv. The Loan is planned to be co-financed by a €6.5 million investment grant from the Eastern Europe Energy Efficiency and Environment Partnership ("E5P"). Given war-triggered risks related to vulnerability of the energy infrastructure, which remains a primary target of Russian missile attacks across Ukraine, the Loan will benefit from a partial guarantee provided by the Government of Spain on a pari passu basis. The Project is a part of the broader investment programme, encompassing rehabilitation of the Lviv WWTPs, which is expected to be co-financed by NEFCO and Danida Sustainable Infrastructure Finance. The project is part of the Green City Framework 2 Window II - Extension 2 (" GrCF2"). The Project is a follow-on investment stemming from Lviv Green City Action Plan ("GCAP"). The Project aims to ensure sustainable operation of the WWTPs units and permanently improve the quality of the treated effluent returned to the Poltva River, a tributary of Bug, the Vistula River drainage basin. The Project will also ensure sustainable operation of the new biogas facilities, being constructed under the on-going Lviv wastewater biogas project and improve the Company's operational and financial performance and capacity.European Bank for Reconstruction and DevelopmentWATER AND SEWAGE COMPANY OF THE CITY OF LVIVEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGLVIV49.83826 24.023241000000010000000WATER AND SEWAGE COMPANY OF THE CITY OF LVIVSTATESTATESTATESTATEA senior loan of up to €10 million (the "Loan") to Lviv City Communal Enterprise "Lvivvodokanal" (the "Company") to finance a critical rehabilitation and modernization of two Wastewater Treatment Plants ("WWTPs") in the City of Lviv. The Loan is planned to be co-financed by a €6.5 million investment grant from the Eastern Europe Energy Efficiency and Environment Partnership ("E5P"). Given war-triggered risks related to vulnerability of the energy infrastructure, which remains a primary target of Russian missile attacks across Ukraine, the Loan will benefit from a partial guarantee provided by the Government of Spain on a pari passu basis. The Project is a part of the broader investment programme, encompassing rehabilitation of the Lviv WWTPs, which is expected to be co-financed by NEFCO and Danida Sustainable Infrastructure Finance. The project is part of the Green City Framework 2 Window II - Extension 2 (" GrCF2"). The Project is a follow-on investment stemming from Lviv Green City Action Plan ("GCAP"). The Project aims to ensure sustainable operation of the WWTPs units and permanently improve the quality of the treated effluent returned to the Poltva River, a tributary of Bug, the Vistula River drainage basin. The Project will also ensure sustainable operation of the new biogas facilities, being constructed under the on-going Lviv wastewater biogas project and improve the Company's operational and financial performance and capacity. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51539XI-IATI-EBRD-50729European Bank for Reconstruction and DevelopmentThe provision of a senior loan of up to € 28.5 million to Communal Enterprise "Spetskomuntrans" (the "Company") to finance the rehabilitation and modernisation of solid waste infrastructure in the City of Khmelnytskyi. The Project is a part of the Green Cities Framework 2. The facility is designed to serve as a sector-wide catalyst for addressing environmental challenges at the city level. The phase I of the Project will address the City's urgent investment needs with respect to (i) the rehabilitation of the existing landfill, (ii) the construction of a new engineered sanitary landfill in compliance with the EU standards adjacent to the old one, (iii) the acquisition of new landfill equipment to ensure sustainable operation of the new landfill, and (iv) improvements of the solid waste collection and transportation systems co-financed from the City's budget. The phase II of the Project includes the construction of a new Material Recovery Facility ("MRF") for non-organic waste and a separate composting facility for pre-sorted organic waste that will reduce the share of solid waste going to the landfill by promoting recycling and providing a modern solid waste management infrastructure with respect to sorting and composting. The Project will ensure that a long-term, sustainable solid waste management strategy is properly implemented.European Bank for Reconstruction and DevelopmentSPETSKOMUNTRANS KHMELNYTSKYI COMMUNAL ENTERPRISEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKHMELNYTSKYI49.41835 26.9793611470239.7613000000SPETSKOMUNTRANS KHMELNYTSKYI COMMUNAL ENTERPRISE321200SPETSKOMUNTRANS KHMELNYTSKYI COMMUNAL ENTERPRISE690641.66SPETSKOMUNTRANS KHMELNYTSKYI COMMUNAL ENTERPRISE517918.58SPETSKOMUNTRANS KHMELNYTSKYI COMMUNAL ENTERPRISESTATESTATESTATESTATEThe provision of a senior loan of up to € 28.5 million to Communal Enterprise "Spetskomuntrans" (the "Company") to finance the rehabilitation and modernisation of solid waste infrastructure in the City of Khmelnytskyi. The Project is a part of the Green Cities Framework 2. The facility is designed to serve as a sector-wide catalyst for addressing environmental challenges at the city level. The phase I of the Project will address the City's urgent investment needs with respect to (i) the rehabilitation of the existing landfill, (ii) the construction of a new engineered sanitary landfill in compliance with the EU standards adjacent to the old one, (iii) the acquisition of new landfill equipment to ensure sustainable operation of the new landfill, and (iv) improvements of the solid waste collection and transportation systems co-financed from the City's budget. The phase II of the Project includes the construction of a new Material Recovery Facility ("MRF") for non-organic waste and a separate composting facility for pre-sorted organic waste that will reduce the share of solid waste going to the landfill by promoting recycling and providing a modern solid waste management infrastructure with respect to sorting and composting. The Project will ensure that a long-term, sustainable solid waste management strategy is properly implemented. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50729XI-IATI-EBRD-56259European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 50 million to Nova Post LLC (the "Company" or the "Client"), the main operating company of NOVA Group, to be provided as a multi-currency facility available for disbursement in UAH and EUR. The loan will consist of two tranches: (i) EUR 35 million Tranche 1 to be committed at signing; and (ii) EUR 15 million Tranche 2 to be committed at the Bank's sole discretion. The Project will finance a portion of the 2025-2026 Capex programme, focusing on enhancing operational efficiency and supporting the Client's development strategy in Ukraine during the ongoing war, which includes improvements to physical infrastructure, network optimisation and expansion, IT systems upgrade, energy management practices and promoting human capital recovery.European Bank for Reconstruction and DevelopmentNOVA POSHTA LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.523816368735.533950332.18NOVA POSHTA LLCPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 50 million to Nova Post LLC (the "Company" or the "Client"), the main operating company of NOVA Group, to be provided as a multi-currency facility available for disbursement in UAH and EUR. The loan will consist of two tranches: (i) EUR 35 million Tranche 1 to be committed at signing; and (ii) EUR 15 million Tranche 2 to be committed at the Bank's sole discretion. The Project will finance a portion of the 2025-2026 Capex programme, focusing on enhancing operational efficiency and supporting the Client's development strategy in Ukraine during the ongoing war, which includes improvements to physical infrastructure, network optimisation and expansion, IT systems upgrade, energy management practices and promoting human capital recovery. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56259XI-IATI-EBRD-56051European Bank for Reconstruction and DevelopmentExtension of the tenor of existing EBRD Loan to Bartu Turizm Yatirimlari A.S (the "Borrower" the "Client" or "Bartu Turizm") by an additional five years and providing additional EUR 6.95 million loan ("the Loan") to mainly finance a land plot acquisition for staff accommodation and maintenance CapEx. EBRD's financing will help (i) extention of the maturity profile of Bartu Turizm's loan portfolio and (ii) assist Bartu Turizm adressing the staff accomodation issue for TUI Sensatori Akra Sorgun Hotel.European Bank for Reconstruction and DevelopmentBARTU TURIZM YATIRIMLARI ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANTALYA36.90812 30.695566950000BARTU TURIZM YATIRIMLARI ASPRIVATEPRIVATEPRIVATEExtension of the tenor of existing EBRD Loan to Bartu Turizm Yatirimlari A.S (the "Borrower" the "Client" or "Bartu Turizm") by an additional five years and providing additional EUR 6.95 million loan ("the Loan") to mainly finance a land plot acquisition for staff accommodation and maintenance CapEx. EBRD's financing will help (i) extention of the maturity profile of Bartu Turizm's loan portfolio and (ii) assist Bartu Turizm adressing the staff accomodation issue for TUI Sensatori Akra Sorgun Hotel. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56051XI-IATI-EBRD-56732European Bank for Reconstruction and DevelopmentThe provision of a three-year US$ 15.5 million (€ 13.2 million) senior secured loan (the Loan) to Turkiye based processor of pulses Bashan Agro Gida Sanayi ve Ticaret A.S. The Bank's financing will be used to finance working capital needs.European Bank for Reconstruction and DevelopmentBASHAN AGRO GIDA SANAYI VE TICARET ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGMERSIN36.81196 34.6388613569114.94BASHAN AGRO GIDA SANAYI VE TICARET ASPRIVATEPRIVATEPRIVATEThe provision of a three-year US$ 15.5 million (€ 13.2 million) senior secured loan (the Loan) to Turkiye based processor of pulses Bashan Agro Gida Sanayi ve Ticaret A.S. The Bank's financing will be used to finance working capital needs. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56732XI-IATI-EBRD-53042European Bank for Reconstruction and DevelopmentUSD 75 million subscription in the USD 750 million, 5.5-year green Eurobond issued by Aydem Yenilenebilir Enerji A.S. (the "Company"), a leading renewable energy company in Turkey. This is the first green bond issued by the Company, underpinned by its newly developed Green Financing Framework aligned with Green Bond Principles 2021 and Green Loan Principles 2021, as validated by an independent second party opinion. The Eurobond proceeds will be used to refinance all existing company debt and for general corporate needs.European Bank for Reconstruction and DevelopmentAYDEM YENILENEBILIR ENERJI ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBOZDOGAN37.67134 28.3139565657007.79AYDEM YENILENEBILIR ENERJI ASPRIVATEPRIVATEPRIVATEUSD 75 million subscription in the USD 750 million, 5.5-year green Eurobond issued by Aydem Yenilenebilir Enerji A.S. (the "Company"), a leading renewable energy company in Turkey. This is the first green bond issued by the Company, underpinned by its newly developed Green Financing Framework aligned with Green Bond Principles 2021 and Green Loan Principles 2021, as validated by an independent second party opinion. The Eurobond proceeds will be used to refinance all existing company debt and for general corporate needs. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53042XI-IATI-EBRD-53603European Bank for Reconstruction and DevelopmentProvision of a USD 2 million senior secured loan in AZN equivalent to H and M Agro LLC to support the expansion of a hydroponic greenhouse in Salyan city of Azerbaijan from the current 5 hectares to 10 hectares. The Project will support the installation of new hydroponic greenhouses that will result in higher production yield and reduced water consumption compared to conventional greenhouses.European Bank for Reconstruction and DevelopmentH AND M AGRO LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBAKU40.37767 49.892011750853.54H AND M AGRO LLCPRIVATEPRIVATEPRIVATEProvision of a USD 2 million senior secured loan in AZN equivalent to H and M Agro LLC to support the expansion of a hydroponic greenhouse in Salyan city of Azerbaijan from the current 5 hectares to 10 hectares. The Project will support the installation of new hydroponic greenhouses that will result in higher production yield and reduced water consumption compared to conventional greenhouses. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53603XI-IATI-EBRD-50310European Bank for Reconstruction and DevelopmentProvision of a sovereign loan to Armenia to co-finance the reconstruction and modernisation of a border crossing point (BCP) near the Armenian town of Meghri (the Project). The current infrastructure at the Meghri BCP is outdated. The operational, technical, engineering, environmental and safety conditions at the BCP need to be improved in order to meet modern safety and security requirements and adhere to international border management standards. The Project is the priority for the Republic of Armenia. Project related activities are located on the territory of the Republic of Armenia. The Project aims to reconstruct and modernise the road border crossing point facilities at Meghri BCP. The Project involves demolition of the existing outdated buildings, construction of new modern facilities and installation of modern equipment for the performance of border, customs and other controls in line with modern standards, incl. the EU standards. In this way, the Project will improve safety and security of the border crossing and facilitate efficient border crossing process.European Bank for Reconstruction and DevelopmentARMENIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYEREVAN40.18111 44.513616463584.1410626263ARMENIA SOVEREIGN106262.63ARMENIA SOVEREIGN1849554.2ARMENIA SOVEREIGN210600ARMENIA SOVEREIGN118117.5ARMENIA SOVEREIGN99015ARMENIA SOVEREIGN105220ARMENIA SOVEREIGN103870ARMENIA SOVEREIGN108680ARMENIA SOVEREIGN79345ARMENIA SOVEREIGN67905.42ARMENIA SOVEREIGN67661.42ARMENIA SOVEREIGN97717.5ARMENIA SOVEREIGN90158.27ARMENIA SOVEREIGN167512.3ARMENIA SOVEREIGN123365.61ARMENIA SOVEREIGN126280ARMENIA SOVEREIGN53208.02ARMENIA SOVEREIGN78504.47ARMENIA SOVEREIGN97095ARMENIA SOVEREIGN50291.52ARMENIA SOVEREIGN212665ARMENIA SOVEREIGN149650ARMENIA SOVEREIGNSTATESTATESTATESTATEProvision of a sovereign loan to Armenia to co-finance the reconstruction and modernisation of a border crossing point (BCP) near the Armenian town of Meghri (the Project). The current infrastructure at the Meghri BCP is outdated. The operational, technical, engineering, environmental and safety conditions at the BCP need to be improved in order to meet modern safety and security requirements and adhere to international border management standards. The Project is the priority for the Republic of Armenia. Project related activities are located on the territory of the Republic of Armenia. The Project aims to reconstruct and modernise the road border crossing point facilities at Meghri BCP. The Project involves demolition of the existing outdated buildings, construction of new modern facilities and installation of modern equipment for the performance of border, customs and other controls in line with modern standards, incl. the EU standards. In this way, the Project will improve safety and security of the border crossing and facilitate efficient border crossing process. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50310XI-IATI-EBRD-51958European Bank for Reconstruction and DevelopmentAn equity investment of up to EUR 10 million in favour of the venture capital fund SCV Technology Fund III (the "Fund" or "ENIF II"), targeting early stage technology companies in the Western Balkans, Croatia and Slovenia. The fund will make equity, quasi-equity and equity related investments predominantly in early-stage technology companies in the Western Balkans, Croatia and Slovenia. The fund will have a core early-stage investment focus predominantly targeting investments at late seed/series A funding rounds.European Bank for Reconstruction and DevelopmentSCV TECHNOLOGY FUND III CVEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTIRANA41.3275 19.81889SARAJEVO43.84864 18.35644ZAGREB45.81444 15.97798PRISTINA42.67272 21.16688PODGORICA42.44111 19.26361SKOPJE41.99646 21.43141BELGRADE44.80401 20.46513LJUBLJANA46.05108 14.505134467572.2710000000SCV TECHNOLOGY FUND III CVPRIVATEPRIVATEPRIVATEAn equity investment of up to EUR 10 million in favour of the venture capital fund SCV Technology Fund III (the "Fund" or "ENIF II"), targeting early stage technology companies in the Western Balkans, Croatia and Slovenia. The fund will make equity, quasi-equity and equity related investments predominantly in early-stage technology companies in the Western Balkans, Croatia and Slovenia. The fund will have a core early-stage investment focus predominantly targeting investments at late seed/series A funding rounds. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51958XI-IATI-EBRD-54584European Bank for Reconstruction and DevelopmentThe provision of a KZT 1.4 billion (€ 2.8 million equivalent) loan to Temirservice Astana LLP for the construction of railway tracks in Astana. The Project will be supporting a private company investing in commercial transport operations and expansion of rail freight services.European Bank for Reconstruction and DevelopmentTEMIRSERVICE ASTANA LLPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGASTANA51.1801 71.445982533796.74TEMIRSERVICE ASTANA LLPPRIVATEPRIVATEPRIVATEThe provision of a KZT 1.4 billion (€ 2.8 million equivalent) loan to Temirservice Astana LLP for the construction of railway tracks in Astana. The Project will be supporting a private company investing in commercial transport operations and expansion of rail freight services. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54584XI-IATI-EBRD-52509European Bank for Reconstruction and DevelopmentProvision of an additional 3rd senior unsecured tranche of up to EUR 13 million under the GCF GEFF Regional - Morocco II framework to Bank of Africa ("BOA"), of which up to EUR 9,750,000 to be provided by EBRD and up to EUR 3,250,000 by the Green Climate Fund ("GCF") under the GCF-Green Economy Financing Facility ("GEFF") Regional Framework. The 3rd tranche will be provided in addition to two existing tranches of EUR 12,500,000 each. The total loan amount will be increased to up to EUR 38 million. The proceeds of the GCF GEFF loan will be on lent to private companies to finance Green Economy investments in climate change mitigation and adaptation technologies, in a gender-responsive way. The project will contribute to its objective of building a green economy in Morocco by on-lending to private sector sub-borrowers to implement green investments in energy efficiency, renewable energy and climate resilience measures as well as including additional targeted activities promoting gender responsive on-lending.European Bank for Reconstruction and DevelopmentBANK OF AFRICA SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCASABLANCA33.58831 -7.6113828500000BANK OF AFRICA SAPRIVATEPRIVATEPRIVATEProvision of an additional 3rd senior unsecured tranche of up to EUR 13 million under the GCF GEFF Regional - Morocco II framework to Bank of Africa ("BOA"), of which up to EUR 9,750,000 to be provided by EBRD and up to EUR 3,250,000 by the Green Climate Fund ("GCF") under the GCF-Green Economy Financing Facility ("GEFF") Regional Framework. The 3rd tranche will be provided in addition to two existing tranches of EUR 12,500,000 each. The total loan amount will be increased to up to EUR 38 million. The proceeds of the GCF GEFF loan will be on lent to private companies to finance Green Economy investments in climate change mitigation and adaptation technologies, in a gender-responsive way. The project will contribute to its objective of building a green economy in Morocco by on-lending to private sector sub-borrowers to implement green investments in energy efficiency, renewable energy and climate resilience measures as well as including additional targeted activities promoting gender responsive on-lending. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52509XI-IATI-EBRD-55457European Bank for Reconstruction and DevelopmentProvision of senior debt financing on a project finance basis of up to USD 200m (the "Loan") in favour of Suez Wind Energy S.A.E., a special purpose vehicle ("SPV") incorporated in Egypt for the purpose of constructing and operating a 1.1 GW wind farm in the Gulf of Suez region, Egypt (the "Project"). The Project will support the Egyptian government in achieving its renewable energy targets and will be among the projects delivered under the 10 GW renewable energy capacity objective of the Energy Pillar of the Nexus for Water, Food, Energy ("NWFE"). By providing clean energy at one of the most competitive wind tariffs in the region and beyond, this Project will advance Egypt's renewable energy transition while harnessing the exceptional wind resources in the Gulf of Suez. Additionally, the Project is expected to enhance the environmental characteristics of Egypt's power sector by reducing emissions of local pollutants and CO2, as well as lowering water consumption.European Bank for Reconstruction and DevelopmentSUEZ WIND ENERGY SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496779983974.77175085354.11SUEZ WIND ENERGY SAEPRIVATEPRIVATEPRIVATEProvision of senior debt financing on a project finance basis of up to USD 200m (the "Loan") in favour of Suez Wind Energy S.A.E., a special purpose vehicle ("SPV") incorporated in Egypt for the purpose of constructing and operating a 1.1 GW wind farm in the Gulf of Suez region, Egypt (the "Project"). The Project will support the Egyptian government in achieving its renewable energy targets and will be among the projects delivered under the 10 GW renewable energy capacity objective of the Energy Pillar of the Nexus for Water, Food, Energy ("NWFE"). By providing clean energy at one of the most competitive wind tariffs in the region and beyond, this Project will advance Egypt's renewable energy transition while harnessing the exceptional wind resources in the Gulf of Suez. Additionally, the Project is expected to enhance the environmental characteristics of Egypt's power sector by reducing emissions of local pollutants and CO2, as well as lowering water consumption. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55457XI-IATI-EBRD-55118European Bank for Reconstruction and DevelopmentThe provision of a senior loan of up to USD 5.0m to Arvand Bank, of which up to USD 3.75m to be provided by the EBRD and up to USD 1.25m by the GCF under the GCF-Green Economy Financing Facility Regional Framework (GCF-GEFF Programme in Tajikistan II). The proposed operation complies with the GCF GEFF Regional Framework criteria. This is the fourth loan under GCF-GEFF Regional Framework to Arvand which follows the successful utilisation of the first loan signed in 2021, the second one signed in 2022 and the third one in 2023. Proceeds of the loan will be allocated to climate change mitigation and adaptation technologies. The transaction will support further expansion of Arvand's product offerings with green lending products, in a gender responsive way.European Bank for Reconstruction and DevelopmentARVAND BANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKHUJAND40.28256 69.622163714221.77ARVAND BANK CJSCPRIVATEPRIVATEPRIVATEThe provision of a senior loan of up to USD 5.0m to Arvand Bank, of which up to USD 3.75m to be provided by the EBRD and up to USD 1.25m by the GCF under the GCF-Green Economy Financing Facility Regional Framework (GCF-GEFF Programme in Tajikistan II). The proposed operation complies with the GCF GEFF Regional Framework criteria. This is the fourth loan under GCF-GEFF Regional Framework to Arvand which follows the successful utilisation of the first loan signed in 2021, the second one signed in 2022 and the third one in 2023. Proceeds of the loan will be allocated to climate change mitigation and adaptation technologies. The transaction will support further expansion of Arvand's product offerings with green lending products, in a gender responsive way. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55118XI-IATI-EBRD-55110European Bank for Reconstruction and DevelopmentProvision of a senior secured loan of USD 15 million to Tavan Bogd LLC (the "Company" or the "Client"). The proceeds of the loan will finance the construction and completion of the Company's new automotive service centre, showroom, and headquarters office building in Mongolia, allowing the Company to support its automotive retail operation and improve its operational efficiency. The Project is in line with the EBRD country strategy for Mongolia which priorities include enhancing Mongolia's resilience through a stronger, more diversified and stable private sector.European Bank for Reconstruction and DevelopmentTAVAN BOGD AUTOMOTIVE LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGULAANBAATAR47.90771 106.8832413131401.56TAVAN BOGD AUTOMOTIVE LLCPRIVATEPRIVATEPRIVATEProvision of a senior secured loan of USD 15 million to Tavan Bogd LLC (the "Company" or the "Client"). The proceeds of the loan will finance the construction and completion of the Company's new automotive service centre, showroom, and headquarters office building in Mongolia, allowing the Company to support its automotive retail operation and improve its operational efficiency. The Project is in line with the EBRD country strategy for Mongolia which priorities include enhancing Mongolia's resilience through a stronger, more diversified and stable private sector. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55110XI-IATI-EBRD-51662European Bank for Reconstruction and DevelopmentProvision of a KZT 60.7 billion (approx. EUR 114 million) debt financing to Atyrau Oil Refinery LLP (the "Company" or "ANPZ") split into two tranches under two loan agreements: * the first tranche of KZT 34.1 billion, provided under the first loan signed in June 2021, was used to upgrade process water treatment facilities in accordance with best available solutions and remediate evaporation ponds adjacent to the city of Atyrau; and * the second tranche of KZT 26.6 billion provided under the second loan will be used to restructure the Company's balance sheet by refinancing its short-term debt. Both loans are fully guaranteed by National Company KazMunayGas JSC (the "sponsor" or "KMG"), the 99.54% shareholder of the Company. First tranche: Environmental Upgrades The proceeds from the first tranche are directed toward improving resource efficiency and reducing emissions by upgrading process water treatment facilities. This will result in an increased water reuse and resolve long-standing environmental issues by remediating 860 ha evaporation ponds adjacent to the city of Atyrau. The proceeds of the tranche align fully with the Bank's Green Economy Transition approach and will result in (i) an improvement of water efficiency, (ii) the minimisation of adverse ecological impacts by remediating the evaporation ponds, and (iii) a reduction of GHG emissions and volatile organic compounds. Second Tranche: Financial Resilience The objective of the second tranche is to strengthen the Company's financial stability by refinancing its short-term debt into a longer-term KZT-denominated debt, not otherwise accessible on comparable terms and conditions in the market. This refinancing will enhance ANPZ's ability to manage liquidity risks and help sustain its financial resilience.European Bank for Reconstruction and DevelopmentATYRAU OIL REFINERY LLPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATYRAU47.11667 51.8833331027223.39109888592.6ATYRAU OIL REFINERY LLP2677823.02ATYRAU OIL REFINERY LLP3224029ATYRAU OIL REFINERY LLP405141.12ATYRAU OIL REFINERY LLP697833.91ATYRAU OIL REFINERY LLP1676126.44ATYRAU OIL REFINERY LLP433637.54ATYRAU OIL REFINERY LLP420419.5ATYRAU OIL REFINERY LLP757600.83ATYRAU OIL REFINERY LLP5292811.41ATYRAU OIL REFINERY LLP274094.83ATYRAU OIL REFINERY LLP650442.85ATYRAU OIL REFINERY LLP1327896.88ATYRAU OIL REFINERY LLP2688836.5ATYRAU OIL REFINERY LLP1281560.39ATYRAU OIL REFINERY LLP1646790.02ATYRAU OIL REFINERY LLP2008624.99ATYRAU OIL REFINERY LLP3759853.6ATYRAU OIL REFINERY LLP48142137.98ATYRAU OIL REFINERY LLP647702.83ATYRAU OIL REFINERY LLP39355.45ATYRAU OIL REFINERY LLP157421.81ATYRAU OIL REFINERY LLP651228.31ATYRAU OIL REFINERY LLPSTATESTATESTATESTATEProvision of a KZT 60.7 billion (approx. EUR 114 million) debt financing to Atyrau Oil Refinery LLP (the "Company" or "ANPZ") split into two tranches under two loan agreements: * the first tranche of KZT 34.1 billion, provided under the first loan signed in June 2021, was used to upgrade process water treatment facilities in accordance with best available solutions and remediate evaporation ponds adjacent to the city of Atyrau; and * the second tranche of KZT 26.6 billion provided under the second loan will be used to restructure the Company's balance sheet by refinancing its short-term debt. Both loans are fully guaranteed by National Company KazMunayGas JSC (the "sponsor" or "KMG"), the 99.54% shareholder of the Company. First tranche: Environmental Upgrades The proceeds from the first tranche are directed toward improving resource efficiency and reducing emissions by upgrading process water treatment facilities. This will result in an increased water reuse and resolve long-standing environmental issues by remediating 860 ha evaporation ponds adjacent to the city of Atyrau. The proceeds of the tranche align fully with the Bank's Green Economy Transition approach and will result in (i) an improvement of water efficiency, (ii) the minimisation of adverse ecological impacts by remediating the evaporation ponds, and (iii) a reduction of GHG emissions and volatile organic compounds. Second Tranche: Financial Resilience The objective of the second tranche is to strengthen the Company's financial stability by refinancing its short-term debt into a longer-term KZT-denominated debt, not otherwise accessible on comparable terms and conditions in the market. This refinancing will enhance ANPZ's ability to manage liquidity risks and help sustain its financial resilience. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51662XI-IATI-EBRD-54691European Bank for Reconstruction and DevelopmentA senior corporate loan of up to CHF 200 million to JSC National Company Kazakhstan Temir Zholy (KTZ or the borrower), a state-owned railway company managing railway infrastructure and operating freight and passenger train services in the Republic of Kazakhstan. Loan proceeds will enable the Borrower to restructure its financial obligations maturing in 2024, free up capital and mobilise additional financial resources to continue implementation of infrastructure investment projects to support further development of the Trans-Caspian International Transport Route.European Bank for Reconstruction and DevelopmentKAZAKHSTAN TEMIR ZHOLY NATIONAL COMPANY JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGASTANA51.1801 71.44598216703271.46KAZAKHSTAN TEMIR ZHOLY NATIONAL COMPANY JSC216703271.46KAZAKHSTAN TEMIR ZHOLY NATIONAL COMPANY JSCSTATESTATESTATESTATEA senior corporate loan of up to CHF 200 million to JSC National Company Kazakhstan Temir Zholy (KTZ or the borrower), a state-owned railway company managing railway infrastructure and operating freight and passenger train services in the Republic of Kazakhstan. Loan proceeds will enable the Borrower to restructure its financial obligations maturing in 2024, free up capital and mobilise additional financial resources to continue implementation of infrastructure investment projects to support further development of the Trans-Caspian International Transport Route. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54691XI-IATI-EBRD-54275European Bank for Reconstruction and DevelopmentThe provision of financing for rehabilitation of the existing transformer of 3*167MVA at 500/220/35 kV substation in the Sugd region of Tajikistan (the "Project") in the form of up to EUR 10.2 million sovereign loan to the Republic of Tajikistan with loan proceeds to be on-lent to OJSC Shabaqahoi Intiqoli Barq, the implementing entity. The loan will be co-financed by investment grants from the EBRD Shareholder Special Fund (the "SSF") in the amount of up to EUR 3.5 million and the Sustainable Infrastructure Fund ("SIF"), administered by the Bank, in the amount of up to EUR 1 million. The implementation of the Project shall contribute to strengthening of the power sector in Tajikistan by reducing losses, improving collection rates and revenue streams. The Project objectives are to address the most urgent needs for the replacement of aged infrastructure and to contribute towards the reduction of transmission network losses resulting in financial and CO2 emissions savings. The Project shall strengthen reliability and stability of the transmission network and improve capacity of the electricity system.European Bank for Reconstruction and DevelopmentTAJIKISTAN SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGDUSHANBE38.53575 68.779051009800010200000TAJIKISTAN SOVEREIGN102000TAJIKISTAN SOVEREIGNSTATESTATESTATESTATEThe provision of financing for rehabilitation of the existing transformer of 3*167MVA at 500/220/35 kV substation in the Sugd region of Tajikistan (the "Project") in the form of up to EUR 10.2 million sovereign loan to the Republic of Tajikistan with loan proceeds to be on-lent to OJSC Shabaqahoi Intiqoli Barq, the implementing entity. The loan will be co-financed by investment grants from the EBRD Shareholder Special Fund (the "SSF") in the amount of up to EUR 3.5 million and the Sustainable Infrastructure Fund ("SIF"), administered by the Bank, in the amount of up to EUR 1 million. The implementation of the Project shall contribute to strengthening of the power sector in Tajikistan by reducing losses, improving collection rates and revenue streams. The Project objectives are to address the most urgent needs for the replacement of aged infrastructure and to contribute towards the reduction of transmission network losses resulting in financial and CO2 emissions savings. The Project shall strengthen reliability and stability of the transmission network and improve capacity of the electricity system. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54275XI-IATI-EBRD-56003European Bank for Reconstruction and DevelopmentThe provision of a senior unsecured loan of up to US$ 80m to Khan Bank JSC, under the GCF GEFF Regional Framework. Out this amount, up to US$ 60m will be provided by EBRD and up to US$ 20m will be provided by the Green Climate Fund (GCF). The GEFF loan will be granted in two equal tranches, of which the second will be uncommitted. The GEFF loan will enable the Company to diversify its funding base and provide long term financing to private clients in Mongolia for investments in climate change mitigation and adaption technologies and services, in a gender-responsive way, thus contributing to Green Economy Transition.European Bank for Reconstruction and DevelopmentKHAN BANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGULAANBAATAR47.90771 106.8832452525606.24KHAN BANK JSCPRIVATEPRIVATEPRIVATEThe provision of a senior unsecured loan of up to US$ 80m to Khan Bank JSC, under the GCF GEFF Regional Framework. Out this amount, up to US$ 60m will be provided by EBRD and up to US$ 20m will be provided by the Green Climate Fund (GCF). The GEFF loan will be granted in two equal tranches, of which the second will be uncommitted. The GEFF loan will enable the Company to diversify its funding base and provide long term financing to private clients in Mongolia for investments in climate change mitigation and adaption technologies and services, in a gender-responsive way, thus contributing to Green Economy Transition. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56003XI-IATI-EBRD-52283European Bank for Reconstruction and DevelopmentThe proceeds of the sovereign loan to the Kyrgyz Republic will be on-lent to the city of Kok-Jangak for the benefit of the municipal water company. A sovereign loan of up to € 2.0 million under the KR Water and Wastewater Framework - Extension will support the modernisation of the Kok-Jangak water supply infrastructure. The loan will be co-financed by a € 2.0 million investment grant from the EBRD Shareholder Special Fund. The Project will finance critical drinking water supply improvements in Kok-Jangak, including the rehabilitation and extension of water network, supply and installation of water meters and testing equipment, reconstruction and new construction of reservoir, intake facilities and water disinfection unit, replacement of pumping equipment, construction of new wastewater treatment facilities and reconstruction and new construction of sewer collectors.European Bank for Reconstruction and DevelopmentKYRGYZ REPUBLIC SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBISHKEK42.87 74.5919800002000000KYRGYZ REPUBLIC SOVEREIGN20000KYRGYZ REPUBLIC SOVEREIGNSTATESTATESTATESTATEThe proceeds of the sovereign loan to the Kyrgyz Republic will be on-lent to the city of Kok-Jangak for the benefit of the municipal water company. A sovereign loan of up to € 2.0 million under the KR Water and Wastewater Framework - Extension will support the modernisation of the Kok-Jangak water supply infrastructure. The loan will be co-financed by a € 2.0 million investment grant from the EBRD Shareholder Special Fund. The Project will finance critical drinking water supply improvements in Kok-Jangak, including the rehabilitation and extension of water network, supply and installation of water meters and testing equipment, reconstruction and new construction of reservoir, intake facilities and water disinfection unit, replacement of pumping equipment, construction of new wastewater treatment facilities and reconstruction and new construction of sewer collectors. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52283XI-IATI-EBRD-54558European Bank for Reconstruction and DevelopmentThe provision of a loan (Loan I) of up to US$ 5 million equivalent to Joint Stock Commercial Bank with Foreign Capital Hamkorbank (Hamkorbank) under the Women in Business Programme for Central Asia (CA WiB) . The proceeds of the Bank's investment will be used for on-lending to eligible women-led MSMEs in line with standard eligibility criteria set forth in the policy for the CA WiB. The CA WiB Loan I will enable Hamkorbank to maintain diversification of its funding base and to scale up financing of women-led MSMEs in Uzbekistan. Hamkorbank will benefit from a comprehensive technical assistance (TC) to strengthen the internal capacity for financing women-led businesses and to contribute to the elimination of gender gaps in the access to finance.European Bank for Reconstruction and DevelopmentHAMKORBANK JSCBEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANDIJAN40.78338 72.350674549135.78HAMKORBANK JSCBPRIVATEPRIVATEPRIVATEThe provision of a loan (Loan I) of up to US$ 5 million equivalent to Joint Stock Commercial Bank with Foreign Capital Hamkorbank (Hamkorbank) under the Women in Business Programme for Central Asia (CA WiB) . The proceeds of the Bank's investment will be used for on-lending to eligible women-led MSMEs in line with standard eligibility criteria set forth in the policy for the CA WiB. The CA WiB Loan I will enable Hamkorbank to maintain diversification of its funding base and to scale up financing of women-led MSMEs in Uzbekistan. Hamkorbank will benefit from a comprehensive technical assistance (TC) to strengthen the internal capacity for financing women-led businesses and to contribute to the elimination of gender gaps in the access to finance. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54558XI-IATI-EBRD-51710European Bank for Reconstruction and DevelopmentA senior loan of up to US$ 4.0 million (€3.4 million equivalent) to Bank Eskhata under GEFF Tajikistan. It will promote investments in climate change mitigation and adaptation technologies The project objective is to promote investments in efficient climate change mitigation and adaptation technologies and to contribute to Tajikistan's transition to environmentally sustainable and climate-resilient economy. Proceeds of the loan will be on-lent to private sector sub-borrowers in line with the GEFF Policy Statement.European Bank for Reconstruction and DevelopmentBANK ESKHATA OJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKHUJAND40.28256 69.622162909527.74BANK ESKHATA OJSCPRIVATEPRIVATEPRIVATEA senior loan of up to US$ 4.0 million (€3.4 million equivalent) to Bank Eskhata under GEFF Tajikistan. It will promote investments in climate change mitigation and adaptation technologies The project objective is to promote investments in efficient climate change mitigation and adaptation technologies and to contribute to Tajikistan's transition to environmentally sustainable and climate-resilient economy. Proceeds of the loan will be on-lent to private sector sub-borrowers in line with the GEFF Policy Statement. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51710XI-IATI-EBRD-50637European Bank for Reconstruction and DevelopmentA senior loan of up to €60 million to UniCredit Bank Serbia JSC ("UCB") for mortgage lending. The proceeds of the loan will be used by UCB to provide long-term financing for residential mortgage lending in Serbia.European Bank for Reconstruction and DevelopmentUNICREDIT BANK SERBIA JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651360000000UNICREDIT BANK SERBIA JSCPRIVATEPRIVATEPRIVATEA senior loan of up to €60 million to UniCredit Bank Serbia JSC ("UCB") for mortgage lending. The proceeds of the loan will be used by UCB to provide long-term financing for residential mortgage lending in Serbia. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50637XI-IATI-EBRD-55596European Bank for Reconstruction and DevelopmentThe provision of a senior unsecured loan of $2 million equivalent under the FIF Youth in Business Programme for Central Asia (YiB CA) in favour of Bailyk Finance. The proposed loan will enable BF to (i) support youth led/owned MSMEs in overcoming the consequences of the challenging market environment and increasing their resilience and adaptability; (ii) diversify its funding base; (iii) launch a new product encompassing both financing and non-financial services (NFS) targeted at young entrepreneurs, which will increase their access to finance.European Bank for Reconstruction and DevelopmentBAILYK FINANCE MICROCREDIT COMPANY CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBISHKEK42.87 74.591739341.35BAILYK FINANCE MICROCREDIT COMPANY CJSCPRIVATEPRIVATEPRIVATEThe provision of a senior unsecured loan of $2 million equivalent under the FIF Youth in Business Programme for Central Asia (YiB CA) in favour of Bailyk Finance. The proposed loan will enable BF to (i) support youth led/owned MSMEs in overcoming the consequences of the challenging market environment and increasing their resilience and adaptability; (ii) diversify its funding base; (iii) launch a new product encompassing both financing and non-financial services (NFS) targeted at young entrepreneurs, which will increase their access to finance. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55596XI-IATI-EBRD-50116European Bank for Reconstruction and DevelopmentThe EBRD is providing financing for the construction of an additional 900 MWe of Combined Cycle Gas Turbine (CCGT) generation capacity at the existing Talimarjan Power Plant ("TPP" or the "Project"), located in the Southern Kashkadarya region. The Project will be implemented by the Unitary Enterprise Talimarjan TPP, a 100% subsidiary of JSC "Uzbekenergo", a state-owned vertically integrated power utility. The Project will improve the energy efficiency and reliability of the power supply in Uzbekistan and contribute to the Government of Uzbekistan's initiative to modernise the country's power generation capacity. Overall, the proposed Project forms part of an ambitious power sector reform initiative in Uzbekistan and has a positive impact in securing the energy supply that is critical to achieving the country's development objectives.European Bank for Reconstruction and DevelopmentUZBEKISTAN SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGQARSHI38.86056 65.7890510989665.44210102424.93UZBEKISTAN SOVEREIGN2101024.25UZBEKISTAN SOVEREIGN35473741.4UZBEKISTAN SOVEREIGN3161722.14UZBEKISTAN SOVEREIGN9111558.47UZBEKISTAN SOVEREIGN4495815.13UZBEKISTAN SOVEREIGN881046.21UZBEKISTAN SOVEREIGN606794.68UZBEKISTAN SOVEREIGN303397.34UZBEKISTAN SOVEREIGN1076634.96UZBEKISTAN SOVEREIGN401638.71UZBEKISTAN SOVEREIGN2490554.39UZBEKISTAN SOVEREIGN348228.05UZBEKISTAN SOVEREIGN3110946.48UZBEKISTAN SOVEREIGN936365.66UZBEKISTAN SOVEREIGN195001.1UZBEKISTAN SOVEREIGN321336.36UZBEKISTAN SOVEREIGN1139818.87UZBEKISTAN SOVEREIGN1972070.43UZBEKISTAN SOVEREIGN1767633.65UZBEKISTAN SOVEREIGN3951486.47UZBEKISTAN SOVEREIGN4024240.17UZBEKISTAN SOVEREIGN3493345.65UZBEKISTAN SOVEREIGN2754706.48UZBEKISTAN SOVEREIGN3447741.19UZBEKISTAN SOVEREIGN12751723.82UZBEKISTAN SOVEREIGN4063237.02UZBEKISTAN SOVEREIGN1414337.28UZBEKISTAN SOVEREIGN3083808.07UZBEKISTAN SOVEREIGN6473508.11UZBEKISTAN SOVEREIGN1448058.48UZBEKISTAN SOVEREIGN3246017.58UZBEKISTAN SOVEREIGN6512357.17UZBEKISTAN SOVEREIGN2197017.09UZBEKISTAN SOVEREIGN1964466.19UZBEKISTAN SOVEREIGN2460802.94UZBEKISTAN SOVEREIGN1255194.14UZBEKISTAN SOVEREIGN17464252.52UZBEKISTAN SOVEREIGN1058470.46UZBEKISTAN SOVEREIGN1918515.58UZBEKISTAN SOVEREIGN4024739.64UZBEKISTAN SOVEREIGN1672098.61UZBEKISTAN SOVEREIGN948937.19UZBEKISTAN SOVEREIGN2246796.72UZBEKISTAN SOVEREIGN1290890.14UZBEKISTAN SOVEREIGN2518015.73UZBEKISTAN SOVEREIGN1517460.78UZBEKISTAN SOVEREIGN1118867.49UZBEKISTAN SOVEREIGN94397.67UZBEKISTAN SOVEREIGN910476.47UZBEKISTAN SOVEREIGN2207215.67UZBEKISTAN SOVEREIGN2711822.39UZBEKISTAN SOVEREIGN946599.71UZBEKISTAN SOVEREIGN2685130.96UZBEKISTAN SOVEREIGN3237249.66UZBEKISTAN SOVEREIGN2111582.31UZBEKISTAN SOVEREIGN658416.55UZBEKISTAN SOVEREIGN935727.97UZBEKISTAN SOVEREIGN1950781.7UZBEKISTAN SOVEREIGN1655411.76UZBEKISTAN SOVEREIGN3335340.17UZBEKISTAN SOVEREIGN2265797.13UZBEKISTAN SOVEREIGN2277629.23UZBEKISTAN SOVEREIGN553419.22UZBEKISTAN SOVEREIGN359339.93UZBEKISTAN SOVEREIGNSTATESTATESTATESTATEThe EBRD is providing financing for the construction of an additional 900 MWe of Combined Cycle Gas Turbine (CCGT) generation capacity at the existing Talimarjan Power Plant ("TPP" or the "Project"), located in the Southern Kashkadarya region. The Project will be implemented by the Unitary Enterprise Talimarjan TPP, a 100% subsidiary of JSC "Uzbekenergo", a state-owned vertically integrated power utility. The Project will improve the energy efficiency and reliability of the power supply in Uzbekistan and contribute to the Government of Uzbekistan's initiative to modernise the country's power generation capacity. Overall, the proposed Project forms part of an ambitious power sector reform initiative in Uzbekistan and has a positive impact in securing the energy supply that is critical to achieving the country's development objectives. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50116XI-IATI-EBRD-55068European Bank for Reconstruction and DevelopmentThe provision of a sovereign guaranteed loan of KZT 232.6 billion (€ 449 million equivalent) in favour of JSC NC KazAvtoZhol, the national road operator in Kazakhstan. The loan will part-finance the design and civil works,as well asrelated consultancy services, for the reconstruction and upgrade of a 234-km section of the Aktobe-Ulgaisyn road. The project will be co-financed by the AIIB and by the Republic of Kazakhstan. * The reconstruction and upgrades (from 2 to 4 lanes) of a 234-km long road section between the cities of Aktobe and Ulgaisyn. * The improvements in inter-regional connectivity, safety standards, increased road capacity and reduced travel time.European Bank for Reconstruction and DevelopmentKAZAVTOZHOL JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGASTANA51.1801 71.44598346004099.69346004099.69KAZAVTOZHOL JSCSTATESTATESTATESTATEThe provision of a sovereign guaranteed loan of KZT 232.6 billion (€ 449 million equivalent) in favour of JSC NC KazAvtoZhol, the national road operator in Kazakhstan. The loan will part-finance the design and civil works,as well asrelated consultancy services, for the reconstruction and upgrade of a 234-km section of the Aktobe-Ulgaisyn road. The project will be co-financed by the AIIB and by the Republic of Kazakhstan. * The reconstruction and upgrades (from 2 to 4 lanes) of a 234-km long road section between the cities of Aktobe and Ulgaisyn. * The improvements in inter-regional connectivity, safety standards, increased road capacity and reduced travel time. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55068XI-IATI-EBRD-55117European Bank for Reconstruction and DevelopmentThe provision of a senior unsecured loan of up to US$ 5.0 million to Arvand Bank under the Financial Intermediary Framework-Central Asian Women in Business (CA WiB) programme for on-lending to women-led MSMEs. The project is the fourth WiB loan to the client following the successful realisation of a first pilot under the Taj WiB programme and a third transaction under the CA WiB. The transaction represents a continuation of the previous engagements, aiming to further support women-led MSMEs in Tajikistan by providing financing opportunities for their business activities and access to know-how.European Bank for Reconstruction and DevelopmentARVAND BANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKHUJAND40.28256 69.622165033132.44ARVAND BANK CJSCPRIVATEPRIVATEPRIVATEThe provision of a senior unsecured loan of up to US$ 5.0 million to Arvand Bank under the Financial Intermediary Framework-Central Asian Women in Business (CA WiB) programme for on-lending to women-led MSMEs. The project is the fourth WiB loan to the client following the successful realisation of a first pilot under the Taj WiB programme and a third transaction under the CA WiB. The transaction represents a continuation of the previous engagements, aiming to further support women-led MSMEs in Tajikistan by providing financing opportunities for their business activities and access to know-how. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55117XI-IATI-EBRD-57105European Bank for Reconstruction and DevelopmentThe provision of a senior secured loan of up to US$ 50 million in KZT equivalent to Bank CenterCredit JSC (BCC) (WiB loan) under the Kazakhstan Women in Business Programme II (KazWiB II). The financing will be used for on-lending to eligible women-led private micro, small and medium sized enterprises (MSMEs) in Kazakhstan. The WiB loan will be provided in two equal tranches, of which the second will be uncommitted The project will foster private sector competitiveness and improve economic governance and skills in Kazakhstan, by providing finance and capacity building to BCC. The operation will also support women-led businesses through access to medium-term finance, via a dedicated credit line, as well as advisory services.European Bank for Reconstruction and DevelopmentBANK CENTERCREDIT JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGALMATY43.25667 76.9286121333663.59BANK CENTERCREDIT JSCPRIVATEPRIVATEPRIVATEThe provision of a senior secured loan of up to US$ 50 million in KZT equivalent to Bank CenterCredit JSC (BCC) (WiB loan) under the Kazakhstan Women in Business Programme II (KazWiB II). The financing will be used for on-lending to eligible women-led private micro, small and medium sized enterprises (MSMEs) in Kazakhstan. The WiB loan will be provided in two equal tranches, of which the second will be uncommitted The project will foster private sector competitiveness and improve economic governance and skills in Kazakhstan, by providing finance and capacity building to BCC. The operation will also support women-led businesses through access to medium-term finance, via a dedicated credit line, as well as advisory services. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57105XI-IATI-EBRD-49508European Bank for Reconstruction and DevelopmentProvision of a senior secured long-term loan of up to US$10 million to Imkon Plus LLC ("the Company"), a leading ice cream producer in Uzbekistan. The EBRD funding will support expansion of the Company's distribution network as well as the construction and operation of a cold storage and processing facility for frozen fruit and vegetables.European Bank for Reconstruction and DevelopmentIMKON PLYUS LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSALAR40.32139 19.897785280442.92IMKON PLYUS LLCPRIVATEPRIVATEPRIVATEProvision of a senior secured long-term loan of up to US$10 million to Imkon Plus LLC ("the Company"), a leading ice cream producer in Uzbekistan. The EBRD funding will support expansion of the Company's distribution network as well as the construction and operation of a cold storage and processing facility for frozen fruit and vegetables. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49508XI-IATI-EBRD-48952European Bank for Reconstruction and DevelopmentA sovereign loan of up to EUR 4 million to finance Vostokelectro investment program . The program is aimed at the rehabilitation and modernization of low and medium voltage networks, including installation of 32,000 smart meters in Tup and Jeti-Oghuz regions in the east of Kyrgyzstan. The project will improve reliability of the power supply and will significantly reduce technical and commercial losses in the regions of operation. With this investment the Bank will initiate a restructuring process of a public utility in order to improve operating efficiency and restore financial health. On top of the expected improvement in the operating performance, the Project will entail commercialisation of the Company's operations and increased transparency. This will be achieved via a TC support to review current billing and collection practices, as well as help with implementation of the restructuring process. In addition, the Bank will request an annual IFRS audit by a reputable audit firm and compliance with the ESAP.European Bank for Reconstruction and DevelopmentKYRGYZ REPUBLIC SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBISHKEK42.87 74.594000000KYRGYZ REPUBLIC SOVEREIGN40000KYRGYZ REPUBLIC SOVEREIGN285095.35KYRGYZ REPUBLIC SOVEREIGN410216.09KYRGYZ REPUBLIC SOVEREIGN1666096.05KYRGYZ REPUBLIC SOVEREIGN653328.81KYRGYZ REPUBLIC SOVEREIGN301196.83KYRGYZ REPUBLIC SOVEREIGN544143.5KYRGYZ REPUBLIC SOVEREIGN99923KYRGYZ REPUBLIC SOVEREIGNSTATESTATESTATESTATEA sovereign loan of up to EUR 4 million to finance Vostokelectro investment program . The program is aimed at the rehabilitation and modernization of low and medium voltage networks, including installation of 32,000 smart meters in Tup and Jeti-Oghuz regions in the east of Kyrgyzstan. The project will improve reliability of the power supply and will significantly reduce technical and commercial losses in the regions of operation. With this investment the Bank will initiate a restructuring process of a public utility in order to improve operating efficiency and restore financial health. On top of the expected improvement in the operating performance, the Project will entail commercialisation of the Company's operations and increased transparency. This will be achieved via a TC support to review current billing and collection practices, as well as help with implementation of the restructuring process. In addition, the Bank will request an annual IFRS audit by a reputable audit firm and compliance with the ESAP. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48952XI-IATI-EBRD-56839European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to €5 million to Landeslease for providing financing to micro, small and medium-sized enterprises (MSMEs) in Albania through the Sustainable Reboot SME Programme. The proceeds of the Bank's financing will be used to provide sub-leases to MSMEs in Albania that will assist in improving their competitiveness, including in the EU single market, and compliance with technical standards in line with the EU Directives and other internationally recognised standards. At least 70 per cent of the investments will be used for Green Economy Transition (GET) eligible technologies. Sub-projects will be selected according to technical and financial eligibility criteria set forth in the Policy Statement for the Sustainable Reboot SME Programme.European Bank for Reconstruction and DevelopmentLANDESLEASE SH AEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTIRANA41.3275 19.818891000000LANDESLEASE SH APRIVATEPRIVATEPRIVATEA senior unsecured loan of up to €5 million to Landeslease for providing financing to micro, small and medium-sized enterprises (MSMEs) in Albania through the Sustainable Reboot SME Programme. The proceeds of the Bank's financing will be used to provide sub-leases to MSMEs in Albania that will assist in improving their competitiveness, including in the EU single market, and compliance with technical standards in line with the EU Directives and other internationally recognised standards. At least 70 per cent of the investments will be used for Green Economy Transition (GET) eligible technologies. Sub-projects will be selected according to technical and financial eligibility criteria set forth in the Policy Statement for the Sustainable Reboot SME Programme. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56839XI-IATI-EBRD-56222European Bank for Reconstruction and DevelopmentThe provision of a senior unsecured loan in the amount of up to USD 25 million (in US dollar or Kazakhstan tenge equivalent to be determined at disbursement) to Microfinance Organisation KMF ("MFO KMF", "KMF") ("WiB loan"). The loan will be provided under the Kazakhstan Women in Business Programme II ("KazWiB II"), rolled into the Financial Intermediaries Framework ("FIF"). The financing will be used for on-lending to eligible women-led private micro, small and medium-sized enterprises (MSMEs) in Kazakhstan. The aim of the loan is to (i) continue supporting women-led MSMEs, helping them navigate the challenging economic situation while enhancing their resilience and adaptability. The loan will be complemented by the enhancement of sustainable credit mechanisms targeted at women-led MSMEs through technical assistance at the KazWiB II level and technical support for women-led MSMEs in accessing know-how, business development tools and networking opportunities; (ii) diversify KMF's funding base; (iii) enhance KMF's product range via digital sales channels. (iv) KMF will also expand the provision of the non-financial services (NFS) targeted at women entrepreneurs, which will improve their access to finance and skills.European Bank for Reconstruction and DevelopmentKMF BANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGALMATY43.25667 76.9286121885669.26KMF BANK JSCPRIVATEPRIVATEPRIVATEThe provision of a senior unsecured loan in the amount of up to USD 25 million (in US dollar or Kazakhstan tenge equivalent to be determined at disbursement) to Microfinance Organisation KMF ("MFO KMF", "KMF") ("WiB loan"). The loan will be provided under the Kazakhstan Women in Business Programme II ("KazWiB II"), rolled into the Financial Intermediaries Framework ("FIF"). The financing will be used for on-lending to eligible women-led private micro, small and medium-sized enterprises (MSMEs) in Kazakhstan. The aim of the loan is to (i) continue supporting women-led MSMEs, helping them navigate the challenging economic situation while enhancing their resilience and adaptability. The loan will be complemented by the enhancement of sustainable credit mechanisms targeted at women-led MSMEs through technical assistance at the KazWiB II level and technical support for women-led MSMEs in accessing know-how, business development tools and networking opportunities; (ii) diversify KMF's funding base; (iii) enhance KMF's product range via digital sales channels. (iv) KMF will also expand the provision of the non-financial services (NFS) targeted at women entrepreneurs, which will improve their access to finance and skills. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56222XI-IATI-EBRD-56538European Bank for Reconstruction and DevelopmentThe provision of a senior loan of up to $5 million in two equal tranches in USD or equivalent in the local currency in favour of the Joint Stock Commercial Bank Universal Bank to support private micro, small and medium-sized enterprises (MSMEs) in Uzbekistan. At least 30 per cent of each tranche of the EBRD proceeds to be disbursed to women-led MSMEs. The MSME loan will allow Universal Bank to diversify its funding base and expand lending to private MSMEs with a focus on attracting new clients and reaching borrowers located outside the capital city of Tashkent.European Bank for Reconstruction and DevelopmentUNIVERSAL BANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKOKAND70.9425 40.528612188566.93UNIVERSAL BANK JSCPRIVATEPRIVATEPRIVATEThe provision of a senior loan of up to $5 million in two equal tranches in USD or equivalent in the local currency in favour of the Joint Stock Commercial Bank Universal Bank to support private micro, small and medium-sized enterprises (MSMEs) in Uzbekistan. At least 30 per cent of each tranche of the EBRD proceeds to be disbursed to women-led MSMEs. The MSME loan will allow Universal Bank to diversify its funding base and expand lending to private MSMEs with a focus on attracting new clients and reaching borrowers located outside the capital city of Tashkent. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56538XI-IATI-EBRD-55575European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to €7 million (the "GFF Loan") to be provided in two tranches of: (i) €2 million, and (ii) €5 million under the Green Finance Facility in North Macedonia ("GFF"). The loan is intended to provide sub-loans to SMEs in North Macedonia to support investments in eligible RE and/or EE projects ("Sub-projects"). 100% of the use of proceeds will be related to Green Economy Transition ("GET") investments.European Bank for Reconstruction and DevelopmentSPARKASSE BANK AD SKOPJEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.431417000000SPARKASSE BANK AD SKOPJEPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to €7 million (the "GFF Loan") to be provided in two tranches of: (i) €2 million, and (ii) €5 million under the Green Finance Facility in North Macedonia ("GFF"). The loan is intended to provide sub-loans to SMEs in North Macedonia to support investments in eligible RE and/or EE projects ("Sub-projects"). 100% of the use of proceeds will be related to Green Economy Transition ("GET") investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55575XI-IATI-EBRD-52360European Bank for Reconstruction and DevelopmentProvision of up to EUR 70 million to be provided to Operatori i Shperndarjes se Energjise Elektrike ("OSHEE"), the Albanian state-owned holding company of the distribution network entity and retail supplier, to alleviate liquidity constrains of OSHEE caused by the continuing Covid-19 crisis and to support the construction of a 110/20 KV distribution substation in central Tirana ("the project"). The project is part of the Bank's response to the challenges caused by Covid-19 and, in addition, will support the construction of an underground distribution substation in central Tirana. The substation is the first of its kind in Albania and will have a significant impact on the reconstruction of the distribution network.European Bank for Reconstruction and DevelopmentOPERATORI I SHPERNDARJES SE ENERGJISE ELEKTRIKE SH AEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTIRANA41.3275 19.8188970000000OPERATORI I SHPERNDARJES SE ENERGJISE ELEKTRIKE SH A550000OPERATORI I SHPERNDARJES SE ENERGJISE ELEKTRIKE SH A30000000OPERATORI I SHPERNDARJES SE ENERGJISE ELEKTRIKE SH A9000000OPERATORI I SHPERNDARJES SE ENERGJISE ELEKTRIKE SH A15450000OPERATORI I SHPERNDARJES SE ENERGJISE ELEKTRIKE SH A150000OPERATORI I SHPERNDARJES SE ENERGJISE ELEKTRIKE SH A234878.6OPERATORI I SHPERNDARJES SE ENERGJISE ELEKTRIKE SH A15738.7OPERATORI I SHPERNDARJES SE ENERGJISE ELEKTRIKE SH A84802.65OPERATORI I SHPERNDARJES SE ENERGJISE ELEKTRIKE SH A35334.43OPERATORI I SHPERNDARJES SE ENERGJISE ELEKTRIKE SH ASTATESTATESTATESTATEProvision of up to EUR 70 million to be provided to Operatori i Shperndarjes se Energjise Elektrike ("OSHEE"), the Albanian state-owned holding company of the distribution network entity and retail supplier, to alleviate liquidity constrains of OSHEE caused by the continuing Covid-19 crisis and to support the construction of a 110/20 KV distribution substation in central Tirana ("the project"). The project is part of the Bank's response to the challenges caused by Covid-19 and, in addition, will support the construction of an underground distribution substation in central Tirana. The substation is the first of its kind in Albania and will have a significant impact on the reconstruction of the distribution network. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52360XI-IATI-EBRD-56121European Bank for Reconstruction and DevelopmentThe provision of a senior secured loan of up to US$ 20 million in KZT equivalent to Bank CenterCredit JSC (BCC) under the Youth in Business Programme in Central Asia. The financing will be used to support youth-led and youth-owned micro, small and medium-sized enterprises in Kazakhstan. The YiB loan will be provided in two equal tranches, of which the second will be uncommitted. The proposed loan will enable BCC to (i) support youth led/owned MSMEs in overcoming the consequences of the challenging market environment and increasing their resilience and adaptability; (ii) diversify its funding base; and (iii) launch a new product encompassing both financing and nonfinancial services (NFS) targeted at young entrepreneurs, which will increase their access to finance.European Bank for Reconstruction and DevelopmentBANK CENTERCREDIT JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGALMATY43.25667 76.9286118152662.76BANK CENTERCREDIT JSCPRIVATEPRIVATEPRIVATEThe provision of a senior secured loan of up to US$ 20 million in KZT equivalent to Bank CenterCredit JSC (BCC) under the Youth in Business Programme in Central Asia. The financing will be used to support youth-led and youth-owned micro, small and medium-sized enterprises in Kazakhstan. The YiB loan will be provided in two equal tranches, of which the second will be uncommitted. The proposed loan will enable BCC to (i) support youth led/owned MSMEs in overcoming the consequences of the challenging market environment and increasing their resilience and adaptability; (ii) diversify its funding base; and (iii) launch a new product encompassing both financing and nonfinancial services (NFS) targeted at young entrepreneurs, which will increase their access to finance. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56121XI-IATI-EBRD-56092European Bank for Reconstruction and DevelopmentProvision of a sovereign-guaranteed loan in the amount of up to EUR 42 million to the Joint Stock Company for Railway Passenger Transport Srbijavoz Belgrade ("Srbijavoz" or the "Company"), the state-owned railway passenger operator of the Republic of Serbia, to finance the acquisition of twelve modern railway sleeping cars (the "Project"). 1. Enhance passenger services on existing railway routes that use sleeping cars. 2. Support Srbijavoz in expanding its international rail passenger services by providing upgraded sleeper carriages that are suitable for high-speed routes and permissible to operate in EU countries. 3. Contribute to increasing the attractiveness and competitiveness of rail transportation as a greener transport mode.European Bank for Reconstruction and DevelopmentSRBIJAVOZ JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.465134158000042000000SRBIJAVOZ JSC420000SRBIJAVOZ JSCSTATESTATESTATESTATEProvision of a sovereign-guaranteed loan in the amount of up to EUR 42 million to the Joint Stock Company for Railway Passenger Transport Srbijavoz Belgrade ("Srbijavoz" or the "Company"), the state-owned railway passenger operator of the Republic of Serbia, to finance the acquisition of twelve modern railway sleeping cars (the "Project"). 1. Enhance passenger services on existing railway routes that use sleeping cars. 2. Support Srbijavoz in expanding its international rail passenger services by providing upgraded sleeper carriages that are suitable for high-speed routes and permissible to operate in EU countries. 3. Contribute to increasing the attractiveness and competitiveness of rail transportation as a greener transport mode. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56092XI-IATI-EBRD-56758European Bank for Reconstruction and DevelopmentProvision of a senior secured loan of up to EUR 20.08 million to JV Samarkand England Eco-Medical LLC and Bayan Medical LLC (collectively, the Group) for the purchase of new production lines and modernisation of the Group's existing manufacturing facilities (Capex), the working capital (WC) needs, and balance sheet restructuring (BSR). The Project aims to address domestic pharmaceutical trade deficit by providing direct financing to the Group, enabling the Group to expand production capacity, diversity product portfolio and improve quality standards.European Bank for Reconstruction and DevelopmentSAMARKAND ENGLAND ECO-MEDICAL LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSAMARKAND39.65417 66.9597280000008000000SAMARKAND ENGLAND ECO-MEDICAL LLCPRIVATEPRIVATEPRIVATEProvision of a senior secured loan of up to EUR 20.08 million to JV Samarkand England Eco-Medical LLC and Bayan Medical LLC (collectively, the Group) for the purchase of new production lines and modernisation of the Group's existing manufacturing facilities (Capex), the working capital (WC) needs, and balance sheet restructuring (BSR). The Project aims to address domestic pharmaceutical trade deficit by providing direct financing to the Group, enabling the Group to expand production capacity, diversity product portfolio and improve quality standards. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56758XI-IATI-EBRD-50002European Bank for Reconstruction and DevelopmentThe provision a senior long-term debt financing of up to US$ 22 million equivalent in KZT to KPM-Delta LLP for the development, construction and operation of a solar photovoltaic power plant with an installed capacity of 40 MWp located in the Karaganda region of Kazakhstan. The project will support Kazakhstan in diversifying its coal dependent power sector and contribute to achieving the Kazakh government goal of non-hydro renewable energy accounting for 3 per cent of all power generation by 2020.European Bank for Reconstruction and DevelopmentKPM-DELTA LLPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGALMATY43.25667 76.9286114952321.48KPM-DELTA LLPPRIVATEPRIVATEPRIVATEThe provision a senior long-term debt financing of up to US$ 22 million equivalent in KZT to KPM-Delta LLP for the development, construction and operation of a solar photovoltaic power plant with an installed capacity of 40 MWp located in the Karaganda region of Kazakhstan. The project will support Kazakhstan in diversifying its coal dependent power sector and contribute to achieving the Kazakh government goal of non-hydro renewable energy accounting for 3 per cent of all power generation by 2020. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50002XI-IATI-EBRD-46788European Bank for Reconstruction and DevelopmentThe EBRD is providing long-term debt financing to AltaiPolimetally LLP and Terekty Ken Baitu LLP in order to support development of the Koktaszhal copper-gold deposit located in the Karaganda region of Kazakhstan and to build a processing plant with 4 million tons annual capacity. Null ValueEuropean Bank for Reconstruction and DevelopmentALTAI POLIMETALLY LLPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGALMATY43.25667 76.92861119472993.08ALTAI POLIMETALLY LLPPRIVATEPRIVATEPRIVATEThe EBRD is providing long-term debt financing to AltaiPolimetally LLP and Terekty Ken Baitu LLP in order to support development of the Koktaszhal copper-gold deposit located in the Karaganda region of Kazakhstan and to build a processing plant with 4 million tons annual capacity. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/46788XI-IATI-EBRD-56430European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan in the amount of up to EUR 10 million equivalent in local currency (MAD 110m) in favour of Fondation Arrawaj under the Youth in Business ("YiB") programme to support private Moroccan MSMEs owned or led by young entrepreneurs under 35 years of age, with a focus on the ones located in the regions affected by the 8th September 2023 earthquake. The project aims at opening up economic opportunities of underserved Moroccan young entrepreneurs, building on the idea that MSMEs owned or led by Youth under 35 years of age represent a unique market opportunity for the Moroccan financial sector and a unique vehicle to increase financial inclusion. Furthermore, the project will also contribute to the recovery and the reconstruction of the region affected by the September 2023 earthquake by leveraging on Fondation Arrawaj's unique outreach in the region.European Bank for Reconstruction and DevelopmentFONDATION ARRAWAJ DE LA FINANCE INCLUSIVEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGRABAT34.01325 -6.8325510260948.04FONDATION ARRAWAJ DE LA FINANCE INCLUSIVEPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan in the amount of up to EUR 10 million equivalent in local currency (MAD 110m) in favour of Fondation Arrawaj under the Youth in Business ("YiB") programme to support private Moroccan MSMEs owned or led by young entrepreneurs under 35 years of age, with a focus on the ones located in the regions affected by the 8th September 2023 earthquake. The project aims at opening up economic opportunities of underserved Moroccan young entrepreneurs, building on the idea that MSMEs owned or led by Youth under 35 years of age represent a unique market opportunity for the Moroccan financial sector and a unique vehicle to increase financial inclusion. Furthermore, the project will also contribute to the recovery and the reconstruction of the region affected by the September 2023 earthquake by leveraging on Fondation Arrawaj's unique outreach in the region. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56430XI-IATI-EBRD-49858European Bank for Reconstruction and DevelopmentProvision of (i) a TFP limit of USD 50 million to Credit Libanais SAL ("CL") and (ii) a loan of up to USD 50 million to CL in order to on-lend to micro, small and medium-sized enterprises ("MSMEs") in Lebanon. The TFP limit will support CL in serving its trade finance customers, while the loan will be used to on-lend to MSMEs in Lebanon.European Bank for Reconstruction and DevelopmentCREDIT LIBANAIS SALEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBEIRUT33.89332 35.501574562600.64CREDIT LIBANAIS SALPRIVATEPRIVATEPRIVATEProvision of (i) a TFP limit of USD 50 million to Credit Libanais SAL ("CL") and (ii) a loan of up to USD 50 million to CL in order to on-lend to micro, small and medium-sized enterprises ("MSMEs") in Lebanon. The TFP limit will support CL in serving its trade finance customers, while the loan will be used to on-lend to MSMEs in Lebanon. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49858XI-IATI-EBRD-50054European Bank for Reconstruction and DevelopmentAn equity investment of up to US$ 40 million in favour of Anglesey Food LLC, the leading grocery retail chain in Uzbekistan operating under Korzinka and Korzinka Discount brands (the "Company"). The EBRD's investment will support the Company's investments into i) the expansion its stores; ii) the upgrade of IT infrastructure and management information systems; and iii) the improvement of operational and corporate governance standards to bring them in line with the best international practice.European Bank for Reconstruction and DevelopmentANGLESEY INVESTMENTS PTE LTDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.2162728013656.64ANGLESEY INVESTMENTS PTE LTDPRIVATEPRIVATEPRIVATEAn equity investment of up to US$ 40 million in favour of Anglesey Food LLC, the leading grocery retail chain in Uzbekistan operating under Korzinka and Korzinka Discount brands (the "Company"). The EBRD's investment will support the Company's investments into i) the expansion its stores; ii) the upgrade of IT infrastructure and management information systems; and iii) the improvement of operational and corporate governance standards to bring them in line with the best international practice. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50054XI-IATI-EBRD-56206European Bank for Reconstruction and DevelopmentThe Bank intends to extend a financing package of up to €25 million (US$ equivalent) to UzCarlsberg, consisting of both debt and equity components. The proceeds will be used to expand UzCarlsberg's production capacity and to support the Company's future growth initiatives. Key investments to cover brewing and bottling equipment, warehouse expansion, and strengthening of the route-to-market presence (the "Project"). The Project supports private sector development, inclusive human capital development and green transition across the sector.European Bank for Reconstruction and DevelopmentUZCARLSBERG LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.2162713152722.76UZCARLSBERG LLCPRIVATEPRIVATEPRIVATEThe Bank intends to extend a financing package of up to €25 million (US$ equivalent) to UzCarlsberg, consisting of both debt and equity components. The proceeds will be used to expand UzCarlsberg's production capacity and to support the Company's future growth initiatives. Key investments to cover brewing and bottling equipment, warehouse expansion, and strengthening of the route-to-market presence (the "Project"). The Project supports private sector development, inclusive human capital development and green transition across the sector. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56206XI-IATI-EBRD-52114European Bank for Reconstruction and DevelopmentThe EBRD is considering providing guarantees of up to US$ 23 million (the "Guarantee" or the "Project") to support the obligations of JSC National Electric Grid of Uzbekistan ("NEGU" or the "Off-taker") acting as an off-taker under power purchase agreements for wind power projects in Uzbekistan. The first tranche of the Guarantee in the amount of up to US$ 3 million (tranche 1) will be provided to support the obligations of the Off-taker for the pilot 100MW Nukus-1 Wind Power Plant project awarded as a result of the competitive tender. The second tranche (tranche 2) in the amount of up to US$ 20 million is expected to cover the Off-taker's obligations under the second wind tender for 200MW. The goal is to provide an additional liquidity support for private investors entering the nascent renewables sector of Uzbekistan and help roll-out up to 2GW wind auctions in the country.European Bank for Reconstruction and DevelopmentUZBEKISTAN SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.216272626280.312626280.31UZBEKISTAN SOVEREIGNSTATESTATESTATESTATEThe EBRD is considering providing guarantees of up to US$ 23 million (the "Guarantee" or the "Project") to support the obligations of JSC National Electric Grid of Uzbekistan ("NEGU" or the "Off-taker") acting as an off-taker under power purchase agreements for wind power projects in Uzbekistan. The first tranche of the Guarantee in the amount of up to US$ 3 million (tranche 1) will be provided to support the obligations of the Off-taker for the pilot 100MW Nukus-1 Wind Power Plant project awarded as a result of the competitive tender. The second tranche (tranche 2) in the amount of up to US$ 20 million is expected to cover the Off-taker's obligations under the second wind tender for 200MW. The goal is to provide an additional liquidity support for private investors entering the nascent renewables sector of Uzbekistan and help roll-out up to 2GW wind auctions in the country. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52114XI-IATI-EBRD-46570European Bank for Reconstruction and DevelopmentThe EBRD is financing a ground-mounted solar PV power plant, which is being built in the Zhambyl region, Southern Kazakhstan. As one of the first large-scale solar power plant in Kazakhstan, the project has the potential of becoming an example of successful implementation of a project-financed renewable energy project in the country. Null ValueEuropean Bank for Reconstruction and DevelopmentBURNOYE SOLAR - 1 LLPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTARAZ42.9 71.3666725446558.64BURNOYE SOLAR - 1 LLPPRIVATEPRIVATEPRIVATEThe EBRD is financing a ground-mounted solar PV power plant, which is being built in the Zhambyl region, Southern Kazakhstan. As one of the first large-scale solar power plant in Kazakhstan, the project has the potential of becoming an example of successful implementation of a project-financed renewable energy project in the country. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/46570XI-IATI-EBRD-50345European Bank for Reconstruction and DevelopmentAn equity investment of up to US$ 26.6 million (€ 19 million) equivalent in UZS with the first commitment of US$ 9.4 million (€ 6.9 million) to purchase up to 20 per cent stake in TBC Bank Uzbekistan, a joint stock commercial bank incorporated in Uzbekistan, alongside the IFC. TBC Bank Uzbekistan is the subsidiary of TBC Bank Group PLC, a UK-incorporated parent company of JSC TBC Bank Georgia which is the largest banking group in Georgia. The investment will provide capital to support expansion of operations of a newly established, foreign private bank in Uzbekistan. TBC Bank Uzbekistan is the first next generation bank on the market offering impactful products and services to the currently underserved segments of retail, micro and small enterprises operating in the country.European Bank for Reconstruction and DevelopmentTBC DIGITAL JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.2162731812353.65TBC DIGITAL JSCPRIVATEPRIVATEPRIVATEAn equity investment of up to US$ 26.6 million (€ 19 million) equivalent in UZS with the first commitment of US$ 9.4 million (€ 6.9 million) to purchase up to 20 per cent stake in TBC Bank Uzbekistan, a joint stock commercial bank incorporated in Uzbekistan, alongside the IFC. TBC Bank Uzbekistan is the subsidiary of TBC Bank Group PLC, a UK-incorporated parent company of JSC TBC Bank Georgia which is the largest banking group in Georgia. The investment will provide capital to support expansion of operations of a newly established, foreign private bank in Uzbekistan. TBC Bank Uzbekistan is the first next generation bank on the market offering impactful products and services to the currently underserved segments of retail, micro and small enterprises operating in the country. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50345XI-IATI-EBRD-52860European Bank for Reconstruction and DevelopmentThe provision of a three-year senior loan of up to US$ 40 million equivalent to Joint Stock Commercial Bank with Foreign Capital Hamkorbank (Hamkorbank). The loan will be available in three tranches in the local currency; the second and third tranches are uncommitted. The proceeds of the loan will be on-lent to eligible MSME Sub-borrowers in line with the eligibility criteria The project contributes to the objectives of the Financial Intermediary Framework (FIF). FIF seeks to (i) foster SME competitiveness by increasing availability of financing and (ii) contribute to the competitiveness of financial institutions by enabling innovation in strategy, products, processes and marketing related to SME lending. By ensuring that banks have adequate underwriting and risk management practices in place, the FIF also seeks to encourage sustainable lending practices, supporting the resilience of the financial system.European Bank for Reconstruction and DevelopmentHAMKORBANK JSCBEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANDIJAN40.78338 72.3506732055885.56HAMKORBANK JSCBPRIVATEPRIVATEPRIVATEThe provision of a three-year senior loan of up to US$ 40 million equivalent to Joint Stock Commercial Bank with Foreign Capital Hamkorbank (Hamkorbank). The loan will be available in three tranches in the local currency; the second and third tranches are uncommitted. The proceeds of the loan will be on-lent to eligible MSME Sub-borrowers in line with the eligibility criteria The project contributes to the objectives of the Financial Intermediary Framework (FIF). FIF seeks to (i) foster SME competitiveness by increasing availability of financing and (ii) contribute to the competitiveness of financial institutions by enabling innovation in strategy, products, processes and marketing related to SME lending. By ensuring that banks have adequate underwriting and risk management practices in place, the FIF also seeks to encourage sustainable lending practices, supporting the resilience of the financial system. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52860XI-IATI-EBRD-51197European Bank for Reconstruction and DevelopmentThe Project will finance the implementation of an energy-efficiency oriented CAPEX program at the recently privatised chemical plant Indorama Kokand Fertilisers and Chemicals in Uzbekistan, as well as its initial working capital needs. The WC Loan will be provided in local currency ("UZS"). Total EBRD financing is USD 22.5 million. The Capex Loan (62% GET) is to be used to finance the modernisation of the plant whereas the WC Loan will be used to finance working capital related requirements. The Loans will be provided together with the IFC who will lend alongside EBRD for the CAPEX portion of the investment program. Corporate guarantee from the Sponsor for the entire lifetime of the loans is secured. The Project aims to (i) enhance operational efficiency of the obsolete plant by bringing in new equipment and modernising the plant infrastructure, (ii) improve health, safety, economic inclusion and environmental standards of the company, and (iii) increase production and contribute to enhancing the overall competitiveness across the sector.European Bank for Reconstruction and DevelopmentINDORAMA KOKAND FERTILISERS AND CHEMICALS JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKOKAND70.9425 40.5286110942834.63INDORAMA KOKAND FERTILISERS AND CHEMICALS JSCPRIVATEPRIVATEPRIVATEThe Project will finance the implementation of an energy-efficiency oriented CAPEX program at the recently privatised chemical plant Indorama Kokand Fertilisers and Chemicals in Uzbekistan, as well as its initial working capital needs. The WC Loan will be provided in local currency ("UZS"). Total EBRD financing is USD 22.5 million. The Capex Loan (62% GET) is to be used to finance the modernisation of the plant whereas the WC Loan will be used to finance working capital related requirements. The Loans will be provided together with the IFC who will lend alongside EBRD for the CAPEX portion of the investment program. Corporate guarantee from the Sponsor for the entire lifetime of the loans is secured. The Project aims to (i) enhance operational efficiency of the obsolete plant by bringing in new equipment and modernising the plant infrastructure, (ii) improve health, safety, economic inclusion and environmental standards of the company, and (iii) increase production and contribute to enhancing the overall competitiveness across the sector. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51197XI-IATI-EBRD-52774European Bank for Reconstruction and DevelopmentProvision of up to EUR 25 million unsecured loan under the GCF GEFF Regional- Morocco II framework to Societe Generale Maroc, of which up to EUR 23,750,000 equivalent in MAD to be provided by EBRD and up to EUR 1,250,000 by the Green Climate Fund ("GCF") under the GCF-Green Economy Financing Facility ("GEFF") Regional Framework. The proceeds of the GCF GEFF loan will be on-lent to private companies to finance Green Economy investments in climate change mitigation and adaptation technologies. The project will facilitate a green economy in Morocco by on lending to individuals and private sector sub-borrowers to implement green investments in energy efficiency, renewable energy and climate resilience measures.European Bank for Reconstruction and DevelopmentSAHAM BANKEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCASABLANCA33.58831 -7.6113823997698.14SAHAM BANKPRIVATEPRIVATEPRIVATEProvision of up to EUR 25 million unsecured loan under the GCF GEFF Regional- Morocco II framework to Societe Generale Maroc, of which up to EUR 23,750,000 equivalent in MAD to be provided by EBRD and up to EUR 1,250,000 by the Green Climate Fund ("GCF") under the GCF-Green Economy Financing Facility ("GEFF") Regional Framework. The proceeds of the GCF GEFF loan will be on-lent to private companies to finance Green Economy investments in climate change mitigation and adaptation technologies. The project will facilitate a green economy in Morocco by on lending to individuals and private sector sub-borrowers to implement green investments in energy efficiency, renewable energy and climate resilience measures. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52774XI-IATI-EBRD-56639European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to USD 200m (ca. EUR 173m) to National Bank of Egypt ("NBE") comprising of a committed tranche of up to USD 100m (ca. EUR 87m) for the Bank's own account, to be committed at signing and an uncommitted tranche of up to USD 100m (ca. EUR 87m) to be committed at a later stage. The Bank will endeavour to mobilise commercial lenders under its A/B loan structure on a best efforts basis. The proceeds of the loan will be used by NBE and its leasing microfinance subsidiaries (Al Ahly Leasing and Al Ahly Tamkeen Microfinance) for on-lending to local private MSMEs and MSMEs+ with a focus on youth, women and regional MSMEs. Half of the proceeds are expected to be on-lent to regions outside of Cairo and Alexandria. Moreover, half of the total funding will be specifically channelled to women led and/or owned and young entrepreneurs led and/or owned enterprises, particularly underserved in Egypt.European Bank for Reconstruction and DevelopmentNATIONAL BANK OF EGYPT SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496787542677.06175085354.12NATIONAL BANK OF EGYPT SAEPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to USD 200m (ca. EUR 173m) to National Bank of Egypt ("NBE") comprising of a committed tranche of up to USD 100m (ca. EUR 87m) for the Bank's own account, to be committed at signing and an uncommitted tranche of up to USD 100m (ca. EUR 87m) to be committed at a later stage. The Bank will endeavour to mobilise commercial lenders under its A/B loan structure on a best efforts basis. The proceeds of the loan will be used by NBE and its leasing microfinance subsidiaries (Al Ahly Leasing and Al Ahly Tamkeen Microfinance) for on-lending to local private MSMEs and MSMEs+ with a focus on youth, women and regional MSMEs. Half of the proceeds are expected to be on-lent to regions outside of Cairo and Alexandria. Moreover, half of the total funding will be specifically channelled to women led and/or owned and young entrepreneurs led and/or owned enterprises, particularly underserved in Egypt. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56639XI-IATI-EBRD-53898European Bank for Reconstruction and DevelopmentThe provision of a senior local currency loan under the Financial Intermediaries Framework (FIF) in the total amount of up to US$ 2m. As part of the transaction, Humo will also expand access to programming skills to women, through the provision of certified training in partnership with a licensed vocational school in Tajikistan. The proceeds of the loan will be on-lent to local private MSMEs in accordance with the requirements of the FIF Policy Statement.European Bank for Reconstruction and DevelopmentHUMO BANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGDUSHANBE38.53575 68.779051941328.82HUMO BANK CJSCPRIVATEPRIVATEPRIVATEThe provision of a senior local currency loan under the Financial Intermediaries Framework (FIF) in the total amount of up to US$ 2m. As part of the transaction, Humo will also expand access to programming skills to women, through the provision of certified training in partnership with a licensed vocational school in Tajikistan. The proceeds of the loan will be on-lent to local private MSMEs in accordance with the requirements of the FIF Policy Statement. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53898XI-IATI-EBRD-47144European Bank for Reconstruction and DevelopmentThe EBRD is making an equity investment in Ibn Sina Pharma (the "company"), the second largest pharmaceutical distribution company in Egypt. The proposed investment would support the company in growing its operations through expansion of its distribution network. Null ValueEuropean Bank for Reconstruction and DevelopmentIBN SINA PHARMA SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496722899592.15IBN SINA PHARMA SAEPRIVATEPRIVATEPRIVATEThe EBRD is making an equity investment in Ibn Sina Pharma (the "company"), the second largest pharmaceutical distribution company in Egypt. The proposed investment would support the company in growing its operations through expansion of its distribution network. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47144XI-IATI-EBRD-50543European Bank for Reconstruction and DevelopmentA senior loan of up to KZT 4.9 billion (equivalent to €9.5 million) to support balance sheet restructuring of Mangistauskaya Regional Distribution Company (MREK), a private electricity distribution company in Kazakhstan. The proceeds of the loan will be used to refinance existing FX-denominated liabilities, which will improve the overall risk profile of MREK making it well positioned for the implementation of its investment programme in the next regulatory period and more resilient against future uncertainties from the Covid-19 pandemic.European Bank for Reconstruction and DevelopmentMANGISTAU REGIONAL ELECTRICITY NETWORK COMPANY JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGAKTAU43.65 51.166678868288.57MANGISTAU REGIONAL ELECTRICITY NETWORK COMPANY JSCPRIVATEPRIVATEPRIVATEA senior loan of up to KZT 4.9 billion (equivalent to €9.5 million) to support balance sheet restructuring of Mangistauskaya Regional Distribution Company (MREK), a private electricity distribution company in Kazakhstan. The proceeds of the loan will be used to refinance existing FX-denominated liabilities, which will improve the overall risk profile of MREK making it well positioned for the implementation of its investment programme in the next regulatory period and more resilient against future uncertainties from the Covid-19 pandemic. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50543XI-IATI-EBRD-55677European Bank for Reconstruction and DevelopmentThe provision of a sovereign loan of up to US$ 34.9 million to finance the construction of a new healthcare facility with capacity of around 120 beds for the National Cardiovascular Centre ("NCC") in Ulaanbaatar, Mongolia. The project is being implemented by the Ministry of Health of Mongolia together with the Third Central State Hospital ("TCSH") and the NCC. The Project will be a follow-on investment under the Ulaanbaatar Green City Action Plan ("GCAP"), supporting the city in delivering GCAP action items related to improving energy efficiency in buildings. It is set to achieve EPC A+ certification and is expected to outperform the baseline by 22 per cent in primary energy efficiency and 38 per cent in water efficiency. The project also addresses the need to improve quality and accessibility of high complexity cardiac care in Mongolia.European Bank for Reconstruction and DevelopmentMONGOLIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGULAANBAATAR47.90771 106.8832430526131.4930526131.49MONGOLIA SOVEREIGNSTATESTATESTATESTATEThe provision of a sovereign loan of up to US$ 34.9 million to finance the construction of a new healthcare facility with capacity of around 120 beds for the National Cardiovascular Centre ("NCC") in Ulaanbaatar, Mongolia. The project is being implemented by the Ministry of Health of Mongolia together with the Third Central State Hospital ("TCSH") and the NCC. The Project will be a follow-on investment under the Ulaanbaatar Green City Action Plan ("GCAP"), supporting the city in delivering GCAP action items related to improving energy efficiency in buildings. It is set to achieve EPC A+ certification and is expected to outperform the baseline by 22 per cent in primary energy efficiency and 38 per cent in water efficiency. The project also addresses the need to improve quality and accessibility of high complexity cardiac care in Mongolia. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55677XI-IATI-EBRD-57268European Bank for Reconstruction and DevelopmentThe provision of a senior synthetic KGS loan or US dollar loan of up to US$ 20 million to Demir Kyrgyz International Bank (DKIB) under the Kyrgyz Republic GEFF (KyrSEFF III). The proceeds will be on-lent to sub-borrowers for energy efficiency, renewable energy, circular economy, and climate resilience investments. The project will further strengthen MSE competitiveness, improve climate resilience and promote the financial sector development in particular through local currency lending. The loan will be provided in three tranches of US$ 10 milion, US$ 5 million and US$ 5 million respectively with the second and third tranches being uncommitted. The transaction will contribute towards building a more competitive financial sector through developing the internal capacity of DKIB for financing energy and water efficiency projects. This will be achieved through a technical assistance aimed at providing implementation support to DKIB and their customers, verification of the outcomes, and investment incentives to end borrowers. Sub-projects are selected according to technical and financial eligibility criteria set forth in the policy statement for KyrSEFF III. 100 per cent of the proceeds will be used for Green Economy Transition investments.European Bank for Reconstruction and DevelopmentDEMIR KYRGYZ INTERNATIONAL BANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBISHKEK42.87 74.598754267.718754267.71DEMIR KYRGYZ INTERNATIONAL BANK CJSCPRIVATEPRIVATEPRIVATEThe provision of a senior synthetic KGS loan or US dollar loan of up to US$ 20 million to Demir Kyrgyz International Bank (DKIB) under the Kyrgyz Republic GEFF (KyrSEFF III). The proceeds will be on-lent to sub-borrowers for energy efficiency, renewable energy, circular economy, and climate resilience investments. The project will further strengthen MSE competitiveness, improve climate resilience and promote the financial sector development in particular through local currency lending. The loan will be provided in three tranches of US$ 10 milion, US$ 5 million and US$ 5 million respectively with the second and third tranches being uncommitted. The transaction will contribute towards building a more competitive financial sector through developing the internal capacity of DKIB for financing energy and water efficiency projects. This will be achieved through a technical assistance aimed at providing implementation support to DKIB and their customers, verification of the outcomes, and investment incentives to end borrowers. Sub-projects are selected according to technical and financial eligibility criteria set forth in the policy statement for KyrSEFF III. 100 per cent of the proceeds will be used for Green Economy Transition investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57268XI-IATI-EBRD-51712European Bank for Reconstruction and DevelopmentA senior loan of USD 4 million equivalent in Uzbekistani soms to Ipak Yuli Bank to be used for on-lending to women-led MSMEs in Uzbekistan under the EBRD's Central Asia Women in Business Programme ("CA WiB"). The loan will be offered in the local currency in two equal tranches of USD 2m equivalent each. Tranche 1 will be committed upon signing the loan agreement; Tranche 2 will be uncommitted and may become available at the sole discretion of the EBRD. Each tranche will have a tenor of two years, and will be disbursed in the UZS equivalents of the USD amounts calculated at or around the time of the relevant disbursements. The project aims to promote women's entrepreneurship in Uzbekistan and their participation in business by improving their access to finance and advice through dedicated credit lines and tailored technical assistance programmes.European Bank for Reconstruction and DevelopmentIPAK YULI JOINT-STOCK INNOVATION COMMERCIAL BANKEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.216273501707.08IPAK YULI JOINT-STOCK INNOVATION COMMERCIAL BANKPRIVATEPRIVATEPRIVATEA senior loan of USD 4 million equivalent in Uzbekistani soms to Ipak Yuli Bank to be used for on-lending to women-led MSMEs in Uzbekistan under the EBRD's Central Asia Women in Business Programme ("CA WiB"). The loan will be offered in the local currency in two equal tranches of USD 2m equivalent each. Tranche 1 will be committed upon signing the loan agreement; Tranche 2 will be uncommitted and may become available at the sole discretion of the EBRD. Each tranche will have a tenor of two years, and will be disbursed in the UZS equivalents of the USD amounts calculated at or around the time of the relevant disbursements. The project aims to promote women's entrepreneurship in Uzbekistan and their participation in business by improving their access to finance and advice through dedicated credit lines and tailored technical assistance programmes. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51712XI-IATI-EBRD-56793European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan in the amount of up to €20 million to Banca Intesa Beograd ("BIB"), for on-lending to eligible women-led SMEs in line with the criteria under Western Balkans Women in Business Programme Phase II ("WB WiBP II"). The project will contribute to women's economic inclusion by supporting women-led SMEs' access to finance and business advisory services.European Bank for Reconstruction and DevelopmentBANCA INTESA AD BEOGRADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651320000000BANCA INTESA AD BEOGRADPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan in the amount of up to €20 million to Banca Intesa Beograd ("BIB"), for on-lending to eligible women-led SMEs in line with the criteria under Western Balkans Women in Business Programme Phase II ("WB WiBP II"). The project will contribute to women's economic inclusion by supporting women-led SMEs' access to finance and business advisory services. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56793XI-IATI-EBRD-55943European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to €4 million (the "Loan") to be provided in one tranche under the Green Finance Facility in North Macedonia ("GFF", the "Programme"). The loan is intended to provide sub-loans to SMEs in North Macedonia to support investments in eligible RE and/or EE projects. 100% of the use of proceeds will be related to Green Economy Transition ("GET") investments.European Bank for Reconstruction and DevelopmentKOMERCIJALNA BANKA AD SKOPJEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.4314125921604000000KOMERCIJALNA BANKA AD SKOPJEPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to €4 million (the "Loan") to be provided in one tranche under the Green Finance Facility in North Macedonia ("GFF", the "Programme"). The loan is intended to provide sub-loans to SMEs in North Macedonia to support investments in eligible RE and/or EE projects. 100% of the use of proceeds will be related to Green Economy Transition ("GET") investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55943XI-IATI-EBRD-55998European Bank for Reconstruction and DevelopmentA senior secured loan of up to €10 milion to be provided to Raiffeisen Bank dd BiH ("RBBH"), under the FIF - Go Digital in the Western Balkans Programme ("Go Digital in WB" or "Programme"). The transaction will support the aim of the Programme to: (i) advance innovation and competitiveness of the private sector via targeted investments and increased awareness-raising among SMEs for a higher utilisation of digitalisation and automation technologies; (ii) support transition to green economy ("GET technologies"); (iii) increase the capacity and trade potential of SMEs via increased access to finance to allow them to invest additional resources to introduce EU standards; and (iv) promote more equitable access to finance for automation and digitalisation investments for women-led SMEs, and improve the competitiveness and sustainability of end-benecifiaries business operations.European Bank for Reconstruction and DevelopmentRAIFFEISEN BANK DD BOSNIA AND HERZEGOVINAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.3564410000000RAIFFEISEN BANK DD BOSNIA AND HERZEGOVINAPRIVATEPRIVATEPRIVATEA senior secured loan of up to €10 milion to be provided to Raiffeisen Bank dd BiH ("RBBH"), under the FIF - Go Digital in the Western Balkans Programme ("Go Digital in WB" or "Programme"). The transaction will support the aim of the Programme to: (i) advance innovation and competitiveness of the private sector via targeted investments and increased awareness-raising among SMEs for a higher utilisation of digitalisation and automation technologies; (ii) support transition to green economy ("GET technologies"); (iii) increase the capacity and trade potential of SMEs via increased access to finance to allow them to invest additional resources to introduce EU standards; and (iv) promote more equitable access to finance for automation and digitalisation investments for women-led SMEs, and improve the competitiveness and sustainability of end-benecifiaries business operations. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55998XI-IATI-EBRD-56016European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to €2 million under the Financial Intermediaries Framework (FIF). In line with the FIF objectives, the proposed sub-operation will support private MSMEs in Bosnia and Herzegovina with medium-term funding and promote recovery of MSMEs in regions affected by the October 2024 floods.European Bank for Reconstruction and DevelopmentMIKROFIN DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBANJA LUKA44.77842 17.193862000000MIKROFIN DOOPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to €2 million under the Financial Intermediaries Framework (FIF). In line with the FIF objectives, the proposed sub-operation will support private MSMEs in Bosnia and Herzegovina with medium-term funding and promote recovery of MSMEs in regions affected by the October 2024 floods. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56016XI-IATI-EBRD-57346European Bank for Reconstruction and DevelopmentAn investment of up to BAM 30 million (equivalent to €15.3 million) through a private placement in Minimum Requirement for Own Funds and Eligible Liabilities ("MREL")-eligible local currency bonds issued by Raiffeisen Bank dd BiH ("RBBH"). The bonds will be contractually eligible against RBBH's regulatory requirements for bail-in-able funding and have a maturity of 5 years with a non-callable period of 4 years. The project supports resilience of a local bank by helping RBBH build diversified funding base for the minimum requirement for own funds and eligible liabilities. The project contributes to the expansion of lending to private businesses through working capital lines and investment loans to SMEs, including enterprises operating in economically less developed regions of the country. Furthermore, the transaction supports RBBH's growth strategy and provides a source of medium term local currency funding. The bank will aim to allocate up to EUR 3.8 million of the proceeds to Green Economy Transition (GET) eligible projects.European Bank for Reconstruction and DevelopmentRAIFFEISEN BANK DD BOSNIA AND HERZEGOVINAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.3564413293588.91RAIFFEISEN BANK DD BOSNIA AND HERZEGOVINAPRIVATEPRIVATEPRIVATEAn investment of up to BAM 30 million (equivalent to €15.3 million) through a private placement in Minimum Requirement for Own Funds and Eligible Liabilities ("MREL")-eligible local currency bonds issued by Raiffeisen Bank dd BiH ("RBBH"). The bonds will be contractually eligible against RBBH's regulatory requirements for bail-in-able funding and have a maturity of 5 years with a non-callable period of 4 years. The project supports resilience of a local bank by helping RBBH build diversified funding base for the minimum requirement for own funds and eligible liabilities. The project contributes to the expansion of lending to private businesses through working capital lines and investment loans to SMEs, including enterprises operating in economically less developed regions of the country. Furthermore, the transaction supports RBBH's growth strategy and provides a source of medium term local currency funding. The bank will aim to allocate up to EUR 3.8 million of the proceeds to Green Economy Transition (GET) eligible projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57346XI-IATI-EBRD-54536European Bank for Reconstruction and DevelopmentLoan of up to EUR 14.5 million to CAO, the regional water operator in Olt County and neighbouring localities in Romania. The proceeds of the loan will be used to co-finance, alongside EU Cohesion Funds, the extension and modernisation of the Company's water and wastewater infrastructure and services. The EU investment grants are being made available under the EU Large Infrastructure Operational Programme approved in 2019. The Project will enable Compania de Apa Olt ("CAO") to (i) increase compliance with EU Water Directives while increasing its service coverage in communities with more than 50 inhabitants; (ii) increase compliance with EU Wastewater Directives by providing wastewater collection and compliant treatment of wastewaterin agglomerations with over 2,000 p.e.European Bank for Reconstruction and DevelopmentCOMPANIA DE APA OLT SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSLATINA44.43017 24.3713914500000COMPANIA DE APA OLT SA8000000COMPANIA DE APA OLT SA6500000COMPANIA DE APA OLT SASTATESTATESTATESTATELoan of up to EUR 14.5 million to CAO, the regional water operator in Olt County and neighbouring localities in Romania. The proceeds of the loan will be used to co-finance, alongside EU Cohesion Funds, the extension and modernisation of the Company's water and wastewater infrastructure and services. The EU investment grants are being made available under the EU Large Infrastructure Operational Programme approved in 2019. The Project will enable Compania de Apa Olt ("CAO") to (i) increase compliance with EU Water Directives while increasing its service coverage in communities with more than 50 inhabitants; (ii) increase compliance with EU Wastewater Directives by providing wastewater collection and compliant treatment of wastewaterin agglomerations with over 2,000 p.e. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54536XI-IATI-EBRD-47379European Bank for Reconstruction and DevelopmentThe EBRD is providing a loan to the Office National de l'Electricite et de l'Eau Potable ('ONEE' or the 'Company') of Morocco. The sovereign-guaranteed senior loan of up to EUR 41.2 million will finance the rehabilitation of 11 hydropower plants and 3 dams in Morocco (the 'Project'). The Project will also include the establishment of a Project Preparation and Implementation Unit ('PPIU') to prepare the detailed design for the works, prepare the complete tender documents, assist with the procurement process, build ONEE's environmental and social monitoring capabilities, and ensure the successful implementation of the Project. The proceeds of the Bank's loan will be also used to finance two related studies that would identify (i) key improvement areas of the operation mode of the Afourer complex and (ii) rehabilitation needs of 4 identified dams. The Project will significantly extend the lifespan of the hydro assets as well as improve climate resilience, energy efficiency and safety. The Project will be accompanied by a TC package described in the Technical Cooperation section below.European Bank for Reconstruction and DevelopmentOFFICE NATIONAL DE L ELECTRICITE ET DE L EAU POTABLEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGRABAT34.01325 -6.8325535000000OFFICE NATIONAL DE L ELECTRICITE ET DE L EAU POTABLE350000OFFICE NATIONAL DE L ELECTRICITE ET DE L EAU POTABLE109583.1OFFICE NATIONAL DE L ELECTRICITE ET DE L EAU POTABLE430377.9OFFICE NATIONAL DE L ELECTRICITE ET DE L EAU POTABLE25016.7OFFICE NATIONAL DE L ELECTRICITE ET DE L EAU POTABLESTATESTATESTATESTATEThe EBRD is providing a loan to the Office National de l'Electricite et de l'Eau Potable ('ONEE' or the 'Company') of Morocco. The sovereign-guaranteed senior loan of up to EUR 41.2 million will finance the rehabilitation of 11 hydropower plants and 3 dams in Morocco (the 'Project'). The Project will also include the establishment of a Project Preparation and Implementation Unit ('PPIU') to prepare the detailed design for the works, prepare the complete tender documents, assist with the procurement process, build ONEE's environmental and social monitoring capabilities, and ensure the successful implementation of the Project. The proceeds of the Bank's loan will be also used to finance two related studies that would identify (i) key improvement areas of the operation mode of the Afourer complex and (ii) rehabilitation needs of 4 identified dams. The Project will significantly extend the lifespan of the hydro assets as well as improve climate resilience, energy efficiency and safety. The Project will be accompanied by a TC package described in the Technical Cooperation section below. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47379XI-IATI-EBRD-56389European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to TND 15 million (ca. EUR 4.5m) to Enda Tamweel SA ("Enda") under the Financial Intermediaries ("FIF") Framework for on-lending to private Tunisian MSMEs owned or led by young entrepreneurs under 35 years of age. The loan will be accompanied by a comprehensive technical cooperation package aimed at strengthening Enda and sub-borrowers' capabilities. The project aims at opening up economic opportunities of underserved Tunisian young entrepreneurs, building on the idea that MSMEs owned or led by Youth under 35 years of age represent a unique market opportunity for the Tunisian financial sector and a unique vehicle to increase financial inclusion.European Bank for Reconstruction and DevelopmentENDA TAMWEEL SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTUNIS36.81897 10.165794446950.55ENDA TAMWEEL SAPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to TND 15 million (ca. EUR 4.5m) to Enda Tamweel SA ("Enda") under the Financial Intermediaries ("FIF") Framework for on-lending to private Tunisian MSMEs owned or led by young entrepreneurs under 35 years of age. The loan will be accompanied by a comprehensive technical cooperation package aimed at strengthening Enda and sub-borrowers' capabilities. The project aims at opening up economic opportunities of underserved Tunisian young entrepreneurs, building on the idea that MSMEs owned or led by Youth under 35 years of age represent a unique market opportunity for the Tunisian financial sector and a unique vehicle to increase financial inclusion. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56389XI-IATI-EBRD-52369European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan to Ahli United Bank Egypt ("AUBE") of up to USD 10 million for on-lending to private small and medium-sized enterprises ("SMEs") within certain value chains for capex investments. The proceeds of the loan will be on-lent to private SMEs in Egypt within certain value chains (in agribusiness, manufacturing and services, and ICT sectors) for capex investments.European Bank for Reconstruction and DevelopmentKUWAIT FINANCE HOUSE BANK EGYPT SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.249672626280.31KUWAIT FINANCE HOUSE BANK EGYPT SAEPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan to Ahli United Bank Egypt ("AUBE") of up to USD 10 million for on-lending to private small and medium-sized enterprises ("SMEs") within certain value chains for capex investments. The proceeds of the loan will be on-lent to private SMEs in Egypt within certain value chains (in agribusiness, manufacturing and services, and ICT sectors) for capex investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52369XI-IATI-EBRD-54444European Bank for Reconstruction and DevelopmentProvision of a senior secured loan to Addiko Bank a.d. Banja Luka ("Addiko Bank" or "ABB") of EUR 5 million under the Financial Intermediaries Framework ("FIF") for on-lending to small and medium enterprises (SMEs) in Bosnia and Herzegovina. The proposed project will improve access to finance for SMEs, which are the main source of employment in the private sector and a major contributor to the economy in Bosnia and Herzegovina. The bank is successfully implementing a SME-focused strategy and well-positioned to provide much needed financing to smaller businesses in the country via its regional branch network. The focus will also be on lending in the regions outside the capital and attracting new SME clients. In addition, the project will help in the rollout of the Business Academy to boost the management capacity of SMEs across the country.European Bank for Reconstruction and DevelopmentADDIKO BANK AD BANJA LUKAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBANJA LUKA44.77842 17.193863000000ADDIKO BANK AD BANJA LUKAPRIVATEPRIVATEPRIVATEProvision of a senior secured loan to Addiko Bank a.d. Banja Luka ("Addiko Bank" or "ABB") of EUR 5 million under the Financial Intermediaries Framework ("FIF") for on-lending to small and medium enterprises (SMEs) in Bosnia and Herzegovina. The proposed project will improve access to finance for SMEs, which are the main source of employment in the private sector and a major contributor to the economy in Bosnia and Herzegovina. The bank is successfully implementing a SME-focused strategy and well-positioned to provide much needed financing to smaller businesses in the country via its regional branch network. The focus will also be on lending in the regions outside the capital and attracting new SME clients. In addition, the project will help in the rollout of the Business Academy to boost the management capacity of SMEs across the country. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54444XI-IATI-EBRD-54169European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan to Arab Investment Bank (aiBANK) of up to USD 25 million under the Regional GCF GEFF Framework, of which up to USD 3.75 million is expected to be co-financed by the Green Climate Fund (GCF). The project will enable aiBANK (i) to support Egyptian households and private MSMEs for their investments in climate change adaptation and mitigation projects in a gender-responsive way, which is of particular relevance in the context of the high energy intensity of Egypt's economy, and (ii) to accelerate the uptake of high performance technologies and services supporting a green economy in Egypt. Sub-borrowers will include individual households and micro, small and medium-sized enterprises (MSMEs) that operate across the residential, agribusiness, industrial, commercial and service sectors.European Bank for Reconstruction and DevelopmentBANK NXT SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496711161691.32BANK NXT SAEPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan to Arab Investment Bank (aiBANK) of up to USD 25 million under the Regional GCF GEFF Framework, of which up to USD 3.75 million is expected to be co-financed by the Green Climate Fund (GCF). The project will enable aiBANK (i) to support Egyptian households and private MSMEs for their investments in climate change adaptation and mitigation projects in a gender-responsive way, which is of particular relevance in the context of the high energy intensity of Egypt's economy, and (ii) to accelerate the uptake of high performance technologies and services supporting a green economy in Egypt. Sub-borrowers will include individual households and micro, small and medium-sized enterprises (MSMEs) that operate across the residential, agribusiness, industrial, commercial and service sectors. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54169XI-IATI-EBRD-55727European Bank for Reconstruction and DevelopmentProvision of a sovereign guaranteed loan to the National Electric Power Company (NEPCO) to finance the construction and upgrade of three substations (Abdoun New Substation 132/33 kV), Irbid North-West Substation 132/33 kV, and expansion of the existing Amman North Substation (132/33 kV), which will strengthen the grid's ability to integrate additional renewable energy sources, reduce energy curtailment, and lower system losses. The proceeds of the Bank's loan will be used by NEPCO to finance the construction and upgrade of three substations (Abdoun New Substation 132/33 kV), Irbid North-West Substation 132/33 kV, and expansion of the existing Amman North Substation (132/33 kV). The Project will help (i) improve the absorption capacity of existing and planned renewable energy projects, (ii) increase dispatching flexibility, (iii) reduce system losses; and (iv) facilitate network interconnection to neighbouring countries.European Bank for Reconstruction and DevelopmentNATIONAL ELECTRIC POWER COMPANYEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGAMMAN31.95522 35.9450324730806.2724730806.27NATIONAL ELECTRIC POWER COMPANYSTATESTATESTATESTATEProvision of a sovereign guaranteed loan to the National Electric Power Company (NEPCO) to finance the construction and upgrade of three substations (Abdoun New Substation 132/33 kV), Irbid North-West Substation 132/33 kV, and expansion of the existing Amman North Substation (132/33 kV), which will strengthen the grid's ability to integrate additional renewable energy sources, reduce energy curtailment, and lower system losses. The proceeds of the Bank's loan will be used by NEPCO to finance the construction and upgrade of three substations (Abdoun New Substation 132/33 kV), Irbid North-West Substation 132/33 kV, and expansion of the existing Amman North Substation (132/33 kV). The Project will help (i) improve the absorption capacity of existing and planned renewable energy projects, (ii) increase dispatching flexibility, (iii) reduce system losses; and (iv) facilitate network interconnection to neighbouring countries. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55727XI-IATI-EBRD-54054European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan to Addiko Bank Serbia ("ABSe") of EUR 40 million under the Financial Intermediaries Framework ("FIF") for on-lending to small and medium enterprises (SMEs) in Serbia. The loan is also an important resource to SMEs in the context of the ongoing crisis and a post Covid-19 crisis response, allowing uninterrupted access to mid-term financing. The proposed project will improve access to finance for SMEs, which are the main source of employment in the private sector and a major contributor to the economy in Serbia. The bank is successfully implementing a SME-focused strategy and well-positioned to provide much needed financing to smaller businesses in the country via its regional branch network. The focus will also be on lending in the regions outside the capital and attracting new SME clients.European Bank for Reconstruction and DevelopmentADDIKO BANK AD BEOGRADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651340000000ADDIKO BANK AD BEOGRADPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan to Addiko Bank Serbia ("ABSe") of EUR 40 million under the Financial Intermediaries Framework ("FIF") for on-lending to small and medium enterprises (SMEs) in Serbia. The loan is also an important resource to SMEs in the context of the ongoing crisis and a post Covid-19 crisis response, allowing uninterrupted access to mid-term financing. The proposed project will improve access to finance for SMEs, which are the main source of employment in the private sector and a major contributor to the economy in Serbia. The bank is successfully implementing a SME-focused strategy and well-positioned to provide much needed financing to smaller businesses in the country via its regional branch network. The focus will also be on lending in the regions outside the capital and attracting new SME clients. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54054XI-IATI-EBRD-57359European Bank for Reconstruction and DevelopmentThe project involves the provision of a senior unsecured loan of up to €2 million in favour of NLB Banka AD Podgorica (NLBP), in a single tranche, to be used for on-lending to eligible micro, small and medium-sized enterprises (MSMEs) under the Western Balkans Women in Business Phase II Programme (WB WiB Phase II Programme). The project will contribute to women's economic inclusion by supporting women-led MSMEs' access to finance and business advisory services.European Bank for Reconstruction and DevelopmentNLB BANKA AD PODGORICAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPODGORICA42.44111 19.263612000000NLB BANKA AD PODGORICAPRIVATEPRIVATEPRIVATEThe project involves the provision of a senior unsecured loan of up to €2 million in favour of NLB Banka AD Podgorica (NLBP), in a single tranche, to be used for on-lending to eligible micro, small and medium-sized enterprises (MSMEs) under the Western Balkans Women in Business Phase II Programme (WB WiB Phase II Programme). The project will contribute to women's economic inclusion by supporting women-led MSMEs' access to finance and business advisory services. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57359XI-IATI-EBRD-50679European Bank for Reconstruction and DevelopmentA senior loan of up to €50 million to Banca Intesa Belgrade ("BIB") for mortgage lending. The proceeds of the loan will be used by BIB to provide long-term financing for residential mortgage lending in Serbia.European Bank for Reconstruction and DevelopmentBANCA INTESA AD BEOGRADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651350000000BANCA INTESA AD BEOGRADPRIVATEPRIVATEPRIVATEA senior loan of up to €50 million to Banca Intesa Belgrade ("BIB") for mortgage lending. The proceeds of the loan will be used by BIB to provide long-term financing for residential mortgage lending in Serbia. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50679XI-IATI-EBRD-54402European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan to National Bank of Egypt (NBE) under an A/B loan structure, comprising an A Loan of up to USD 100 million (EUR 93 million) for EBRD's own account and a B Loan for the accounts of participants to be mobilized on a best-efforts basis in several tranches. The proceeds of the Loan will be used by NBE for on-lending to private Egyptian micro, small and medium size enterprises (MSMEs) with half the proceeds expected to be on-lent to regions outside of Cairo and Alexandria. Half the funds will be specifically channelled to women led and/or owned and young entrepreneurs led and/or owned enterprises, particularly underserved in Egypt.European Bank for Reconstruction and DevelopmentNATIONAL BANK OF EGYPT SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496787542677.06NATIONAL BANK OF EGYPT SAEPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan to National Bank of Egypt (NBE) under an A/B loan structure, comprising an A Loan of up to USD 100 million (EUR 93 million) for EBRD's own account and a B Loan for the accounts of participants to be mobilized on a best-efforts basis in several tranches. The proceeds of the Loan will be used by NBE for on-lending to private Egyptian micro, small and medium size enterprises (MSMEs) with half the proceeds expected to be on-lent to regions outside of Cairo and Alexandria. Half the funds will be specifically channelled to women led and/or owned and young entrepreneurs led and/or owned enterprises, particularly underserved in Egypt. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54402XI-IATI-EBRD-54058European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 7 million to be provided in one single tranche to NLB Pristina under the Financial Intermediaries Framework (FIF) for on-lending to local SMEs. The proceeds will be used by NLBP to finance loans to eligible SMEs in accordance with the FIF Policy Statement.European Bank for Reconstruction and DevelopmentNLB BANKA SHAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRISTINA42.67272 21.166887000000NLB BANKA SHAPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 7 million to be provided in one single tranche to NLB Pristina under the Financial Intermediaries Framework (FIF) for on-lending to local SMEs. The proceeds will be used by NLBP to finance loans to eligible SMEs in accordance with the FIF Policy Statement. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54058XI-IATI-EBRD-51918European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to EUR 2.5 million to be provided in two tranches (a first tranche of EUR 1.0 million and a second tranche of EUR 1.5 million) under the Green Economy Financing Facility - Western Balkans. The second tranche will be uncommitted and its commitment will be on EBRD's sole discretion. This project will contribute to the objectives of GEFF WB, supporting the Green and Competitive transition qualities.European Bank for Reconstruction and DevelopmentPROCREDIT BANK SH A KOSOVOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRISTINA42.67272 21.166882500000PROCREDIT BANK SH A KOSOVOPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to EUR 2.5 million to be provided in two tranches (a first tranche of EUR 1.0 million and a second tranche of EUR 1.5 million) under the Green Economy Financing Facility - Western Balkans. The second tranche will be uncommitted and its commitment will be on EBRD's sole discretion. This project will contribute to the objectives of GEFF WB, supporting the Green and Competitive transition qualities. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51918XI-IATI-EBRD-56990European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to €3 million to Raiffeisen Bank Kosovo (RBKO) under the FIF - Go Digital in the Western Balkans Programme (Go Digital). The proceeds of the Bank's investment will be used for providing a combination of specialised financing for automation, digitalisation, competitiveness, and green technologies to eligible SMEs in accordance with the Policy Statement. At least 60 per cent of the total investments will be in eligible automation and digitalisation projects, of which at least 60 per cent will be Green Economy Transition (GET) eligible. Furthermore, at least 60 per cent of the total investments will be GET-eligible. The Go Digital project will support RBKO's strategy to: (i) advance innovation and competitiveness of the private sector through targeted investments and increased awareness-raising among SMEs in Kosovo for a higher utilisation of automation and digitalisation technologies; (ii) support the green economy transition; (iii) increase the capacity and trade potential of SMEs through increased access to finance to allow them to invest additional resources to introduce EU standards; and (iv) promote more equitable access to finance for automation and digitalisation investments for women-led SMEs, and improve the competitiveness and sustainability of end-benecifiaries' business operations.European Bank for Reconstruction and DevelopmentRAIFFEISEN BANK KOSOVO SHAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRISTINA42.67272 21.166883000000RAIFFEISEN BANK KOSOVO SHAPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to €3 million to Raiffeisen Bank Kosovo (RBKO) under the FIF - Go Digital in the Western Balkans Programme (Go Digital). The proceeds of the Bank's investment will be used for providing a combination of specialised financing for automation, digitalisation, competitiveness, and green technologies to eligible SMEs in accordance with the Policy Statement. At least 60 per cent of the total investments will be in eligible automation and digitalisation projects, of which at least 60 per cent will be Green Economy Transition (GET) eligible. Furthermore, at least 60 per cent of the total investments will be GET-eligible. The Go Digital project will support RBKO's strategy to: (i) advance innovation and competitiveness of the private sector through targeted investments and increased awareness-raising among SMEs in Kosovo for a higher utilisation of automation and digitalisation technologies; (ii) support the green economy transition; (iii) increase the capacity and trade potential of SMEs through increased access to finance to allow them to invest additional resources to introduce EU standards; and (iv) promote more equitable access to finance for automation and digitalisation investments for women-led SMEs, and improve the competitiveness and sustainability of end-benecifiaries' business operations. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56990XI-IATI-EBRD-57195European Bank for Reconstruction and DevelopmentProvision of a senior loan in the amount of up to €30 million, under the the WB Green Outcomes-Linked Debt Financing Framework ("GOLD" or the "Framework"), to NLB Banka AD Skopje ("NLB SK"). The proceeds of the Bank's investment will be used for providing loans to eligible small and medium-sized enterprises (SMEs) and Midcaps in North Macedonia in support of their business expansion and Green Economy Transition ("GET") eligible investments. At least 70% of the total investment will be GET eligible.European Bank for Reconstruction and DevelopmentNLB BANKA AD SKOPJEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.4314130000000NLB BANKA AD SKOPJEPRIVATEPRIVATEPRIVATEProvision of a senior loan in the amount of up to €30 million, under the the WB Green Outcomes-Linked Debt Financing Framework ("GOLD" or the "Framework"), to NLB Banka AD Skopje ("NLB SK"). The proceeds of the Bank's investment will be used for providing loans to eligible small and medium-sized enterprises (SMEs) and Midcaps in North Macedonia in support of their business expansion and Green Economy Transition ("GET") eligible investments. At least 70% of the total investment will be GET eligible. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57195XI-IATI-EBRD-52560European Bank for Reconstruction and DevelopmentProvision of a EUR 5 million loan to Arab Tunisian Lease ("ATL") for on-lending to micro, small and medium-sized enterprises (MSMEs) in Tunisia. The facility is supported by the European Union under its Initiative for Financial Inclusion (Neighbourhood Investment Facility - SEMED Financial Inclusion Programme). The proposed project targets MSMEs in Tunisia, which are the core of the Tunisian economy, but remain underserved by the banking sector. The proposed project will support ATL in addressing the funding needs of the local MSMEs' for capex purposes.European Bank for Reconstruction and DevelopmentARAB TUNISIAN LEASE SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTUNIS36.81897 10.165795000000ARAB TUNISIAN LEASE SAPRIVATEPRIVATEPRIVATEProvision of a EUR 5 million loan to Arab Tunisian Lease ("ATL") for on-lending to micro, small and medium-sized enterprises (MSMEs) in Tunisia. The facility is supported by the European Union under its Initiative for Financial Inclusion (Neighbourhood Investment Facility - SEMED Financial Inclusion Programme). The proposed project targets MSMEs in Tunisia, which are the core of the Tunisian economy, but remain underserved by the banking sector. The proposed project will support ATL in addressing the funding needs of the local MSMEs' for capex purposes. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52560XI-IATI-EBRD-55591European Bank for Reconstruction and DevelopmentProvision of an equity investment of USD 25m in favour of Dislog Group S.A (the "company"), a leading Full-Service Provider in Morocco's Fast-moving consumer goods (FMCG) and pharmaceuticals markets. The funds will be allocated towards financing the Company's Mergers and Acquisitions (M&A) strategy and reducing its leverage.European Bank for Reconstruction and DevelopmentDISLOG GROUP SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCASABLANCA33.58831 -7.6113822182786.16DISLOG GROUP SAPRIVATEPRIVATEPRIVATEProvision of an equity investment of USD 25m in favour of Dislog Group S.A (the "company"), a leading Full-Service Provider in Morocco's Fast-moving consumer goods (FMCG) and pharmaceuticals markets. The funds will be allocated towards financing the Company's Mergers and Acquisitions (M&A) strategy and reducing its leverage. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55591XI-IATI-EBRD-54381European Bank for Reconstruction and DevelopmentThe provision of a 3-year senior loan in the amount of up to USD 50 million in KZT equivalent to Bank CenterCredit JSC ("BCC") under the Kazakhstan Women in Business Programme II ("KazWiB II", OpId 53696). The financing will be used for on-lending to eligible women-led private micro, small and medium sized enterprises (MSMEs) in Kazakhstan. The aim of the loan is to promote women's entrepreneurship and access to finance, and more broadly women's participation in business, through the development of a strong Women in Business SME sector in Kazakhstan, by facilitating access to finance and advice for women-led MSMEs.The loan will be complemented by the enhancement of sustainable credit mechanisms targeted at women-led MSMEs through technical assistance at the KazWiB II level; and technical support for women-led MSMEs in accessing know-how, business development tools and networking opportunities.European Bank for Reconstruction and DevelopmentBANK CENTERCREDIT JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGALMATY43.25667 76.9286141964922.52BANK CENTERCREDIT JSCPRIVATEPRIVATEPRIVATEThe provision of a 3-year senior loan in the amount of up to USD 50 million in KZT equivalent to Bank CenterCredit JSC ("BCC") under the Kazakhstan Women in Business Programme II ("KazWiB II", OpId 53696). The financing will be used for on-lending to eligible women-led private micro, small and medium sized enterprises (MSMEs) in Kazakhstan. The aim of the loan is to promote women's entrepreneurship and access to finance, and more broadly women's participation in business, through the development of a strong Women in Business SME sector in Kazakhstan, by facilitating access to finance and advice for women-led MSMEs.The loan will be complemented by the enhancement of sustainable credit mechanisms targeted at women-led MSMEs through technical assistance at the KazWiB II level; and technical support for women-led MSMEs in accessing know-how, business development tools and networking opportunities. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54381XI-IATI-EBRD-55178European Bank for Reconstruction and DevelopmentProvision of a 5-year EUR 25 million senior secured loan to Arabian Cement Company (ACC) to finance its energy and plant efficiency capex program (the "Project"). The loan includes a committed tranche ("Tranche I") of up to EUR 15.9m and an uncommitted tranche in the amount of EUR 9.1m ("Tranche II"), to be committed at the Bank's sole and absolute discretion. The Company will utilise the loan for the acquisition and installation of energy efficiency and plant efficiency capex, including a low carbon hydrogen injection system and alternative fuel capacity expansion capex.European Bank for Reconstruction and DevelopmentARABIAN CEMENT SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.24967910000025000000ARABIAN CEMENT SAEPRIVATEPRIVATEPRIVATEProvision of a 5-year EUR 25 million senior secured loan to Arabian Cement Company (ACC) to finance its energy and plant efficiency capex program (the "Project"). The loan includes a committed tranche ("Tranche I") of up to EUR 15.9m and an uncommitted tranche in the amount of EUR 9.1m ("Tranche II"), to be committed at the Bank's sole and absolute discretion. The Company will utilise the loan for the acquisition and installation of energy efficiency and plant efficiency capex, including a low carbon hydrogen injection system and alternative fuel capacity expansion capex. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55178XI-IATI-EBRD-50591European Bank for Reconstruction and DevelopmentProvision of a sovereign loan of up to EUR 5 million to the Government of Kosovo to be on-lent or on-granted to the municipality of Pristina (the "Municipallity" or "Pristina") to co-finance energy efficiency ("EE") measures in municipally owned buildings, including kindergartens, schools, and primary healthcare centres (the "Project"). The Project will be co-financed with an investment grant of EUR 1 million from the Regional Energy Efficiency Programme for the Western Balkans ("REEP") funded by the European Union. - Improvement of the environmental sustainability of municipally owned buildings in Pristina by implementing EE measures that will lead to energy savings and reduction in CO2 emissions. - Promotion of private sector involvement in design and implementation of energy saving projects.European Bank for Reconstruction and DevelopmentKOSOVO SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRISTINA42.67272 21.1668849500005000000KOSOVO SOVEREIGN50000KOSOVO SOVEREIGNSTATESTATESTATESTATEProvision of a sovereign loan of up to EUR 5 million to the Government of Kosovo to be on-lent or on-granted to the municipality of Pristina (the "Municipallity" or "Pristina") to co-finance energy efficiency ("EE") measures in municipally owned buildings, including kindergartens, schools, and primary healthcare centres (the "Project"). The Project will be co-financed with an investment grant of EUR 1 million from the Regional Energy Efficiency Programme for the Western Balkans ("REEP") funded by the European Union. - Improvement of the environmental sustainability of municipally owned buildings in Pristina by implementing EE measures that will lead to energy savings and reduction in CO2 emissions. - Promotion of private sector involvement in design and implementation of energy saving projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50591XI-IATI-EBRD-57357European Bank for Reconstruction and DevelopmentThe project involves the provision of a senior unsecured SME loan of up to €7 million in favour of NLB Banka AD Podgorica (NLBP), in a single tranche, to be used for on-lending to eligible small and medium-sized enterprises (SMEs) under the EBRD Financial Intermediaries Framework (FIF). The project will improve access to finance for SMEs, which are the main source of employment in the private sector and a major contributor to the economy in Montenegro. The loan will enable NLBP to increase its outreach and meet demand for medium- to long-term funding for SMEs.European Bank for Reconstruction and DevelopmentNLB BANKA AD PODGORICAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPODGORICA42.44111 19.263617000000NLB BANKA AD PODGORICAPRIVATEPRIVATEPRIVATEThe project involves the provision of a senior unsecured SME loan of up to €7 million in favour of NLB Banka AD Podgorica (NLBP), in a single tranche, to be used for on-lending to eligible small and medium-sized enterprises (SMEs) under the EBRD Financial Intermediaries Framework (FIF). The project will improve access to finance for SMEs, which are the main source of employment in the private sector and a major contributor to the economy in Montenegro. The loan will enable NLBP to increase its outreach and meet demand for medium- to long-term funding for SMEs. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57357XI-IATI-EBRD-54958European Bank for Reconstruction and DevelopmentProvision of a loan to ECP Maroc SARL AU to support the acquisition of a company specialised in the production of tissue-based hygiene products in Morocco and acquisition of new converting lines and maintenance capex. The Project will enable the company to strengthen its presence in Morocco through vertical integration to capture additional value added in the soft tissue market in Morocco, one of the fastest growing FMCG segments. In addition, the loan will support the company's competitiveness through operational changes and help close gender gaps among its workforce, as well as introduce training and internship programs for young people.European Bank for Reconstruction and DevelopmentECP MAROC SARLAUEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCASABLANCA33.58831 -7.6113846640672.89ECP MAROC SARLAUPRIVATEPRIVATEPRIVATEProvision of a loan to ECP Maroc SARL AU to support the acquisition of a company specialised in the production of tissue-based hygiene products in Morocco and acquisition of new converting lines and maintenance capex. The Project will enable the company to strengthen its presence in Morocco through vertical integration to capture additional value added in the soft tissue market in Morocco, one of the fastest growing FMCG segments. In addition, the loan will support the company's competitiveness through operational changes and help close gender gaps among its workforce, as well as introduce training and internship programs for young people. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54958XI-IATI-EBRD-55957European Bank for Reconstruction and DevelopmentThe provision of a sovereign loan of up to €6.4 million (the "Loan") to the Republic of Tajikistan (the "Borrower") to be co-financed by an investment grant (the "Grant") of up to €3.6 million from the EBRD Shareholder Special Fund (SSF) for procurement of up to 50 electric buses and associated infrastructure for the public transport operator State Communal Unitary Enterprise Bokhtarnakliyotkhizmatrason (the "Company") incorporated in city of Bokhtar. The project aims to support Tajikistan's green transition by modernising and decarbonising public transport infrastructure in Bokhtar and its surrounding settlements. The introduction of electric buses and charging infrastructure will catalyse a shift from low-quality informal passenger transportation services to structured, efficient and zero-emission public transport services. The project further aims to reduce greenhouse gas emissions, improve air quality, and expand access to sustainable and safe urban mobility across the Khatlon region. The project supports Tajikistan's Electric Transport Programme (2023-2028) and National Strategy for Green Economy Development (2023-2037) and complements ongoing efforts to decarbonise the transport sector.European Bank for Reconstruction and DevelopmentTAJIKISTAN SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGDUSHANBE38.53575 68.7790564000006400000TAJIKISTAN SOVEREIGNSTATESTATESTATESTATEThe provision of a sovereign loan of up to €6.4 million (the "Loan") to the Republic of Tajikistan (the "Borrower") to be co-financed by an investment grant (the "Grant") of up to €3.6 million from the EBRD Shareholder Special Fund (SSF) for procurement of up to 50 electric buses and associated infrastructure for the public transport operator State Communal Unitary Enterprise Bokhtarnakliyotkhizmatrason (the "Company") incorporated in city of Bokhtar. The project aims to support Tajikistan's green transition by modernising and decarbonising public transport infrastructure in Bokhtar and its surrounding settlements. The introduction of electric buses and charging infrastructure will catalyse a shift from low-quality informal passenger transportation services to structured, efficient and zero-emission public transport services. The project further aims to reduce greenhouse gas emissions, improve air quality, and expand access to sustainable and safe urban mobility across the Khatlon region. The project supports Tajikistan's Electric Transport Programme (2023-2028) and National Strategy for Green Economy Development (2023-2037) and complements ongoing efforts to decarbonise the transport sector. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55957XI-IATI-EBRD-55576European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to €4 million under the Western Balkans GEFF III REpower Residential ("WBGEFF III", the "Framework"). The loan is intended to provide sub-loans to help finance investments in (i) high-performance energy efficiency technologies, materials and solutions undertaken in or in relation to privately owned residential dwellings or buildings, (ii) construction of GET-eligible High energy Performance Residential Buildings and (iii) eligible Energy Efficiency and/or Renewable Energy projects in the Public Sector ("Sub-projects"), in a gender-responsive way. 100% of the use of proceeds will be related to Green Economy Transition ("GET") investments.European Bank for Reconstruction and DevelopmentSPARKASSE BANK AD SKOPJEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.431414000000SPARKASSE BANK AD SKOPJEPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to €4 million under the Western Balkans GEFF III REpower Residential ("WBGEFF III", the "Framework"). The loan is intended to provide sub-loans to help finance investments in (i) high-performance energy efficiency technologies, materials and solutions undertaken in or in relation to privately owned residential dwellings or buildings, (ii) construction of GET-eligible High energy Performance Residential Buildings and (iii) eligible Energy Efficiency and/or Renewable Energy projects in the Public Sector ("Sub-projects"), in a gender-responsive way. 100% of the use of proceeds will be related to Green Economy Transition ("GET") investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55576XI-IATI-EBRD-54881European Bank for Reconstruction and DevelopmentProvision of a long-term senior unsecured loan of up to EUR 3 million for leases to small and medium-sized enterprises ("SMEs") in North Macedonia for investments in renewable energy ("RE") and energy efficiency ("EE"). The loan is extended under the Green Finance Facility - North Macedonia (the "GFF", the "Facility"), established in partnership with UNDP, with contributions from the Joint SDG Fund and the government of North Macedonia. The loan aims to support green economy investments in eligible RE and EE measures under the Bank's Green Economy Transition ("GET") approach. The project will build on the momentum created to date and it will focus on the competitiveness and climate resilience of SMEs in North Macedonia.European Bank for Reconstruction and DevelopmentSPARKASSE LEASING DOO SKOPJEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.431411500000SPARKASSE LEASING DOO SKOPJEPRIVATEPRIVATEPRIVATEProvision of a long-term senior unsecured loan of up to EUR 3 million for leases to small and medium-sized enterprises ("SMEs") in North Macedonia for investments in renewable energy ("RE") and energy efficiency ("EE"). The loan is extended under the Green Finance Facility - North Macedonia (the "GFF", the "Facility"), established in partnership with UNDP, with contributions from the Joint SDG Fund and the government of North Macedonia. The loan aims to support green economy investments in eligible RE and EE measures under the Bank's Green Economy Transition ("GET") approach. The project will build on the momentum created to date and it will focus on the competitiveness and climate resilience of SMEs in North Macedonia. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54881XI-IATI-EBRD-49136European Bank for Reconstruction and DevelopmentLong-term senior debt financing of up to USD 8.6 million (EUR 7.9 million equivalent) to finance the construction of a 50 MW solar photovoltaic plant located in the proposed 1.8 GW Benban solar complex in the Aswan province of Egypt (the "Project"). The Project will be one of the first utility scale solar plants in Egypt and will support the country in increasing its renewable energy capacity. The Project is part of a larger portfolio of three plants for a total capacity of 120 MW developed in Benban by the same group of lead sponsors. The Project will be developed under the programme implemented by the Egyptian government offering feed-in tariffs to projects of up to 50 MW capacity to stimulate private investment in over 4 GW of wind and solar power. This scheme aims to support Egypt to move to a more environmentally sustainable and diverse electricity sector by exploiting the country's vast renewable energy potential. It is expected to improve the environmental characteristics of Egypt's power sector by reducing emissions of local pollutants and CO2, as well as water consumption.European Bank for Reconstruction and DevelopmentACWA BEN BAN ONE FOR ENERGY JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496724714173.16ACWA BEN BAN ONE FOR ENERGY JSCPRIVATEPRIVATEPRIVATELong-term senior debt financing of up to USD 8.6 million (EUR 7.9 million equivalent) to finance the construction of a 50 MW solar photovoltaic plant located in the proposed 1.8 GW Benban solar complex in the Aswan province of Egypt (the "Project"). The Project will be one of the first utility scale solar plants in Egypt and will support the country in increasing its renewable energy capacity. The Project is part of a larger portfolio of three plants for a total capacity of 120 MW developed in Benban by the same group of lead sponsors. The Project will be developed under the programme implemented by the Egyptian government offering feed-in tariffs to projects of up to 50 MW capacity to stimulate private investment in over 4 GW of wind and solar power. This scheme aims to support Egypt to move to a more environmentally sustainable and diverse electricity sector by exploiting the country's vast renewable energy potential. It is expected to improve the environmental characteristics of Egypt's power sector by reducing emissions of local pollutants and CO2, as well as water consumption. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49136XI-IATI-EBRD-56038European Bank for Reconstruction and DevelopmentThe provision of second senior unsecured loan of up to US$ 1.5 million (in MNT equivalent) to be provided under the FIF Youth in Business Programme in Central Asia (YiB CA) in favour of Transcapital NBFI LLC (TCMN or the Company). The proceeds of the Bank's loan will be used for on-lending to eligible micro, small and medium-sized enterprises led by young people under the age of 35 (Youth MSMEs) in line with the eligibility criteria set forth in the YiB CA Policy Statement. In addition, TCMN will track all beneficiaries under the YiB CA by gender and has committed to ensuring that at least 30 per cent of all sub-borrowers will be women.European Bank for Reconstruction and DevelopmentTRANSCAPITAL NBFI LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGULAANBAATAR47.90771 106.883241282094.31TRANSCAPITAL NBFI LLCPRIVATEPRIVATEPRIVATEThe provision of second senior unsecured loan of up to US$ 1.5 million (in MNT equivalent) to be provided under the FIF Youth in Business Programme in Central Asia (YiB CA) in favour of Transcapital NBFI LLC (TCMN or the Company). The proceeds of the Bank's loan will be used for on-lending to eligible micro, small and medium-sized enterprises led by young people under the age of 35 (Youth MSMEs) in line with the eligibility criteria set forth in the YiB CA Policy Statement. In addition, TCMN will track all beneficiaries under the YiB CA by gender and has committed to ensuring that at least 30 per cent of all sub-borrowers will be women. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56038XI-IATI-EBRD-47253European Bank for Reconstruction and DevelopmentFinancing for the priority rehabilitation and modernization program at the Qairokkum hydro power plant (the "Qairokkum HPP"), the only power generation facility in the Sugd region of the Northern Tajikistan. The proceeds of the Bank's loan are used to finance replacement of the remaining four out of six generation units at the Qairokkum HPP and rehabilitation of related infrastructure, following replacement of two units as part of the Qairokkum Hydropower Rehabilitation project (Project ID 41553). The Project will complete rehabilitation and modernisation of the Qairokkum HPP with resulting improvements in productivity, dam safety and resilience against the projected impacts of climate change of the Qairokkum HPP. The Project fully supports the Bank's Green Economy Transition Approach which fosters scaling up climate financing and resource efficiency activities. The Project is expected to: * increase the installed capacity by 32 MW which, together with the 16 MW increase under the first phase (OPID 41553), will result in an increase of the existing installed capacity from 126MW to 174MW by installing new turbines; * prevent unnecessary discharge of water through spillways and allow generation of more electricity with the same flow of water; * raise the safety level of the power plant and the dam; * strengthen the power plant's resilience to the expected impacts of climate change through continued physical upgrades designed to take into account projected increases in climatic and hydrological variability.European Bank for Reconstruction and DevelopmentTAJIKISTAN SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGDUSHANBE38.53575 68.779050.0233266217.28TAJIKISTAN SOVEREIGN332662.17TAJIKISTAN SOVEREIGN2387458.43TAJIKISTAN SOVEREIGN1120664.35TAJIKISTAN SOVEREIGN1180944.39TAJIKISTAN SOVEREIGN2734015.31TAJIKISTAN SOVEREIGN875426.77TAJIKISTAN SOVEREIGN2607796.53TAJIKISTAN SOVEREIGN563168.44TAJIKISTAN SOVEREIGN1562631.53TAJIKISTAN SOVEREIGN1252660.61TAJIKISTAN SOVEREIGN830072.27TAJIKISTAN SOVEREIGN478238.9TAJIKISTAN SOVEREIGN3344092.49TAJIKISTAN SOVEREIGN536504.22TAJIKISTAN SOVEREIGN638498.04TAJIKISTAN SOVEREIGN635989.97TAJIKISTAN SOVEREIGN1450080.09TAJIKISTAN SOVEREIGN963876.7TAJIKISTAN SOVEREIGN2674991.93TAJIKISTAN SOVEREIGN1061002.65TAJIKISTAN SOVEREIGN756221.88TAJIKISTAN SOVEREIGN386515.26TAJIKISTAN SOVEREIGN1690473.76TAJIKISTAN SOVEREIGN2460968.43TAJIKISTAN SOVEREIGN741262.14TAJIKISTAN SOVEREIGNSTATESTATESTATESTATEFinancing for the priority rehabilitation and modernization program at the Qairokkum hydro power plant (the "Qairokkum HPP"), the only power generation facility in the Sugd region of the Northern Tajikistan. The proceeds of the Bank's loan are used to finance replacement of the remaining four out of six generation units at the Qairokkum HPP and rehabilitation of related infrastructure, following replacement of two units as part of the Qairokkum Hydropower Rehabilitation project (Project ID 41553). The Project will complete rehabilitation and modernisation of the Qairokkum HPP with resulting improvements in productivity, dam safety and resilience against the projected impacts of climate change of the Qairokkum HPP. The Project fully supports the Bank's Green Economy Transition Approach which fosters scaling up climate financing and resource efficiency activities. The Project is expected to: * increase the installed capacity by 32 MW which, together with the 16 MW increase under the first phase (OPID 41553), will result in an increase of the existing installed capacity from 126MW to 174MW by installing new turbines; * prevent unnecessary discharge of water through spillways and allow generation of more electricity with the same flow of water; * raise the safety level of the power plant and the dam; * strengthen the power plant's resilience to the expected impacts of climate change through continued physical upgrades designed to take into account projected increases in climatic and hydrological variability. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47253XI-IATI-EBRD-56133European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan to Societe Generale Marocaine de Banques ("SGMB"), of up to EUR 30 million as part of a EUR 55m "GEFF +" Package (including also a EUR 25 million GEFF III loan). Up to EUR 2.4 million is expected to be co-financed by Canada through the multi-donor fund High-Impact Partnership on Climate Action ("HIPCA Canada"). A comprehensive Technical Cooperation support for this operation will be funded by the European Unionias part of the Morocco Decarbonisation and Climate Resilience ("MDCR").The proceeds of the loan will be used by SGMB for on-lending to private companies to finance their climate change mitigation and adaptation investments. The project will promote a green economy in Morocco by supporting eligible private sector Corporates implementing mid-size climate-resilient investments. The project will specifically target, among other things: mid-size renewable energy investments, mid-size industrial energy efficiency projects (such as energy efficiency upgrading of industrial sites), green buildings, eligible private sector investments in the municipal infrastructure sector, as well as climate adaptation projects (such as wastewater treatment or water desalination) and circular economy investments.European Bank for Reconstruction and DevelopmentSAHAM BANKEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCASABLANCA33.58831 -7.611381380000013800000SAHAM BANKPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan to Societe Generale Marocaine de Banques ("SGMB"), of up to EUR 30 million as part of a EUR 55m "GEFF +" Package (including also a EUR 25 million GEFF III loan). Up to EUR 2.4 million is expected to be co-financed by Canada through the multi-donor fund High-Impact Partnership on Climate Action ("HIPCA Canada"). A comprehensive Technical Cooperation support for this operation will be funded by the European Unionias part of the Morocco Decarbonisation and Climate Resilience ("MDCR").The proceeds of the loan will be used by SGMB for on-lending to private companies to finance their climate change mitigation and adaptation investments. The project will promote a green economy in Morocco by supporting eligible private sector Corporates implementing mid-size climate-resilient investments. The project will specifically target, among other things: mid-size renewable energy investments, mid-size industrial energy efficiency projects (such as energy efficiency upgrading of industrial sites), green buildings, eligible private sector investments in the municipal infrastructure sector, as well as climate adaptation projects (such as wastewater treatment or water desalination) and circular economy investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56133XI-IATI-EBRD-55104European Bank for Reconstruction and DevelopmentProvision of a sovereign loan of up to EUR 50 million to the Republic of Serbia ("RoS"), represented by the Ministry of Finance ("MoF") for the benefit of 100% state-owned company Serbian Railways Infrastructure ("SRI" or the "Company"), the national railway infrastructure asset management company. The loan will finance the procurement of goods for the urgent rehabilitation and maintenance of rail tracks across the network on pre-defined sections (the "Project"). The Project will be implemented by SRI with the assistance of the Ministry of Construction, Transport and Infrastructure ("MoCTI"). The Project aims at enhancing the quality of rail infrastructure on the Serbian network with a particular emphasis on improving the operational speed and the prevention of derailments, resulting in enhanced reliability and safety of passenger and freight rail services, ultimately leading to higher attractiveness of the railway sector and promotion of modal shift.European Bank for Reconstruction and DevelopmentSERBIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.465134950000050000000SERBIA SOVEREIGN500000SERBIA SOVEREIGNSTATESTATESTATESTATEProvision of a sovereign loan of up to EUR 50 million to the Republic of Serbia ("RoS"), represented by the Ministry of Finance ("MoF") for the benefit of 100% state-owned company Serbian Railways Infrastructure ("SRI" or the "Company"), the national railway infrastructure asset management company. The loan will finance the procurement of goods for the urgent rehabilitation and maintenance of rail tracks across the network on pre-defined sections (the "Project"). The Project will be implemented by SRI with the assistance of the Ministry of Construction, Transport and Infrastructure ("MoCTI"). The Project aims at enhancing the quality of rail infrastructure on the Serbian network with a particular emphasis on improving the operational speed and the prevention of derailments, resulting in enhanced reliability and safety of passenger and freight rail services, ultimately leading to higher attractiveness of the railway sector and promotion of modal shift. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55104XI-IATI-EBRD-48466European Bank for Reconstruction and DevelopmentProvision of a sovereign loan of up to EUR 36.87 million to the Republic of Albania for the benefit of Albanian Railways ("HSH", the "Client" or the "Company") to finance: i) the rehabilitation and upgrade of approximately 34.7 km railway line between the Tirana Public Transport Terminal ("PTT") and the city of Durres; and ii) the construction of an approximately 7.4 km railway branch line to the Tirana International Airport ("TIA") (together "the Project"). An increase by up to EUR 40.7 million of the existing sovereign loan of EUR 36.87 million in favour of the Republic of Albania was provided to finance: i) the construction of approximately eight stations and stops along the Tirana-Durres railway line and along the new rail connection to TIA; ii) cost increases resulting from price adjustments and design improvements; and iii) additional works supervision services. An additional loan increase by up to EUR 11.62 million will be provided to co-finance the electrification of the railway lines financed under the Project, namely, the Tirana PTT - Durres railway line, and the new rail link to TIA. The Project is co-financed by the European Union ("EU") through the Western Balkans Investment Framework ("WBIF") which has provided investment grants in the amount of up to EUR 32.94 million and technical assistance grants in the amount of up to EUR 2.5 million. Additional WBIF grants are expected to be provided to co-finance the Project's electrification component. The Project is part of Route 2 of the Western Balkans Core Network connecting the cities of Podgorica in Montenegro and Vlore in Albania and has been established as an indicative extension to theTrans-European Transport Networks (TEN-T) to the Western Balkans core railway network. The Project will support Albania's economic development and contribute to its regional integration by improving connectivity between the cities of Tirana and Durres and TIA.European Bank for Reconstruction and DevelopmentALBANIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGDURRES41.32355 19.4546938867199.2389190000ALBANIA SOVEREIGN368700ALBANIA SOVEREIGN3819171.16ALBANIA SOVEREIGN644014.26ALBANIA SOVEREIGN1299215.25ALBANIA SOVEREIGN3282286.78ALBANIA SOVEREIGN1165175.53ALBANIA SOVEREIGN863135.42ALBANIA SOVEREIGN3384742.69ALBANIA SOVEREIGN987426.39ALBANIA SOVEREIGN927365.39ALBANIA SOVEREIGN1055167.14ALBANIA SOVEREIGN1318217.63ALBANIA SOVEREIGN1490357.07ALBANIA SOVEREIGN2494458.3ALBANIA SOVEREIGN1258618.01ALBANIA SOVEREIGN2621472.86ALBANIA SOVEREIGN1883337.55ALBANIA SOVEREIGN2951673.61ALBANIA SOVEREIGN407000ALBANIA SOVEREIGN655172.8ALBANIA SOVEREIGN5411807.97ALBANIA SOVEREIGN1020526.62ALBANIA SOVEREIGN3086319.38ALBANIA SOVEREIGN132095.9ALBANIA SOVEREIGN2349294.98ALBANIA SOVEREIGN146624ALBANIA SOVEREIGN1406640.2ALBANIA SOVEREIGN156312.8ALBANIA SOVEREIGN2705366.26ALBANIA SOVEREIGN67934.09ALBANIA SOVEREIGN101057.3ALBANIA SOVEREIGN862113.43ALBANIA SOVEREIGNSTATESTATESTATESTATEProvision of a sovereign loan of up to EUR 36.87 million to the Republic of Albania for the benefit of Albanian Railways ("HSH", the "Client" or the "Company") to finance: i) the rehabilitation and upgrade of approximately 34.7 km railway line between the Tirana Public Transport Terminal ("PTT") and the city of Durres; and ii) the construction of an approximately 7.4 km railway branch line to the Tirana International Airport ("TIA") (together "the Project"). An increase by up to EUR 40.7 million of the existing sovereign loan of EUR 36.87 million in favour of the Republic of Albania was provided to finance: i) the construction of approximately eight stations and stops along the Tirana-Durres railway line and along the new rail connection to TIA; ii) cost increases resulting from price adjustments and design improvements; and iii) additional works supervision services. An additional loan increase by up to EUR 11.62 million will be provided to co-finance the electrification of the railway lines financed under the Project, namely, the Tirana PTT - Durres railway line, and the new rail link to TIA. The Project is co-financed by the European Union ("EU") through the Western Balkans Investment Framework ("WBIF") which has provided investment grants in the amount of up to EUR 32.94 million and technical assistance grants in the amount of up to EUR 2.5 million. Additional WBIF grants are expected to be provided to co-finance the Project's electrification component. The Project is part of Route 2 of the Western Balkans Core Network connecting the cities of Podgorica in Montenegro and Vlore in Albania and has been established as an indicative extension to theTrans-European Transport Networks (TEN-T) to the Western Balkans core railway network. The Project will support Albania's economic development and contribute to its regional integration by improving connectivity between the cities of Tirana and Durres and TIA. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48466XI-IATI-EBRD-52505European Bank for Reconstruction and DevelopmentProvision of up to EUR 2.8 million (to be available in JOD) unsecured sub-sovereign loan to GAM to finance the purchase of up to 15 new battery electric buses ("BEB"), as a pilot rollout for the first electric bus transport in the city. The Project is a follow-on investment of Amman's Green City Action Plan, and is part of a larger fleet expansion project that involves purchasing a total of 151 buses, including 136 diesel Euro V buses in addition to the remaining 15 BEB buses considered herein. The Project aims to improve public transport in the city of Amman, while serving as a crucial first step towards transitioning into low-carbon transport infrastructure. The Project total cost is estimated at EUR 9.6 million, and it is expected to be co-financed by a concessional loan from the Green Climate Fund ("GCF") of up to EUR 2.8 million and an investment grant from the UK government under EBRD's High Impact Partnership for Climate Action multi-donor fund ("HIPCA UK") of up to EUR 4 million. GAM is seeking to improve its urban transport services and renew its bus fleet through the purchase of up to 151 new buses with related bus depot facilities and ancillary systems. The proposed new bus fleet will serve new routes under the bus network plan developed by GAM. It is intended that the bus fleet will be purchased by GAM and leased to a private sector operator, which will be responsible for the depot facilities and warranty and maintenance obligations for the fleet. The bus operator will be paid through a Public Service Contract ("PSC") with Amman Vision for Transport (the municipal company responsible for transport operations) under a gross-cost arrangement. This purchase of 151 new buses will include 15 e-buses as a pilot project to debut zero-emission public transport vehicles in Amman, in an effort to transition into a low-carbon public transportation system (the "Project"). The Project is expected to have a strong demonstration effect, being the first of its kind in the country, as well as the SEMED region, financed by EBRD. The Project is a follow-on investment from Amman's Green City Action Plan ("GCAP"), developed as part of the City's participation in EBRD Green Cities. The electric bus fleet aligns with actions identified in the GCAP and supports the City to address the GCAP priorities of reducing GHG emissions and air pollution. The Project is also eligible for dedicated concessional funds for Green Cities projects from the Green Climate Fund ("GCF") by promoting electric mobility. The Project will benefit from a concessional loan which will match EBRD funding of up to EUR 2.8 million and will benefit from an investment grant form the HIPCA UK of up to EUR 4 million. The planned purchase of the new buses is expected to improve the reliability and quality of public transport services for users, as well as significantly reduce GHG and air pollutant emissions from transport through the use of alternative fuels and improved fuel efficiency, in compliance with objectives and commitments of the city. The investment in the new buses will result in a significant reduction in emissions (clean air and GHG related) from the urban bus sector.European Bank for Reconstruction and DevelopmentMUNICIPALITY OF GREATER AMMANEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGAMMAN31.95522 35.945031590271.22800000MUNICIPALITY OF GREATER AMMAN393599.03MUNICIPALITY OF GREATER AMMAN816129.77MUNICIPALITY OF GREATER AMMANSTATESTATESTATESTATEProvision of up to EUR 2.8 million (to be available in JOD) unsecured sub-sovereign loan to GAM to finance the purchase of up to 15 new battery electric buses ("BEB"), as a pilot rollout for the first electric bus transport in the city. The Project is a follow-on investment of Amman's Green City Action Plan, and is part of a larger fleet expansion project that involves purchasing a total of 151 buses, including 136 diesel Euro V buses in addition to the remaining 15 BEB buses considered herein. The Project aims to improve public transport in the city of Amman, while serving as a crucial first step towards transitioning into low-carbon transport infrastructure. The Project total cost is estimated at EUR 9.6 million, and it is expected to be co-financed by a concessional loan from the Green Climate Fund ("GCF") of up to EUR 2.8 million and an investment grant from the UK government under EBRD's High Impact Partnership for Climate Action multi-donor fund ("HIPCA UK") of up to EUR 4 million. GAM is seeking to improve its urban transport services and renew its bus fleet through the purchase of up to 151 new buses with related bus depot facilities and ancillary systems. The proposed new bus fleet will serve new routes under the bus network plan developed by GAM. It is intended that the bus fleet will be purchased by GAM and leased to a private sector operator, which will be responsible for the depot facilities and warranty and maintenance obligations for the fleet. The bus operator will be paid through a Public Service Contract ("PSC") with Amman Vision for Transport (the municipal company responsible for transport operations) under a gross-cost arrangement. This purchase of 151 new buses will include 15 e-buses as a pilot project to debut zero-emission public transport vehicles in Amman, in an effort to transition into a low-carbon public transportation system (the "Project"). The Project is expected to have a strong demonstration effect, being the first of its kind in the country, as well as the SEMED region, financed by EBRD. The Project is a follow-on investment from Amman's Green City Action Plan ("GCAP"), developed as part of the City's participation in EBRD Green Cities. The electric bus fleet aligns with actions identified in the GCAP and supports the City to address the GCAP priorities of reducing GHG emissions and air pollution. The Project is also eligible for dedicated concessional funds for Green Cities projects from the Green Climate Fund ("GCF") by promoting electric mobility. The Project will benefit from a concessional loan which will match EBRD funding of up to EUR 2.8 million and will benefit from an investment grant form the HIPCA UK of up to EUR 4 million. The planned purchase of the new buses is expected to improve the reliability and quality of public transport services for users, as well as significantly reduce GHG and air pollutant emissions from transport through the use of alternative fuels and improved fuel efficiency, in compliance with objectives and commitments of the city. The investment in the new buses will result in a significant reduction in emissions (clean air and GHG related) from the urban bus sector. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52505XI-IATI-EBRD-55555European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 10 million to be provided in one tranche to ProCredit Bank Kosovo (PCBK) under the FIF - SME Go Green Programme (SME Go Green). The proposed operation complies with the SME Go Green Programme criteria. The proceeds of the Bank's investment will be used for financing small and medium-sized enterprises (SMEs), which are compliant with the EU's SME definition and in accordance with the SME Go Green Policy Statement. The proceeds of the loan will be used for providing sub-loans to eligible SMEs in Kosovo for improving their competitiveness and trade potential through targeted investments in sustainability practices and the adoption of internationally recognised quality standards, scaling up green economy investments and in particular, greening of agribusiness supply chains and promoting more equitable access to climate and other finance to women-led SMEs. The bank will aim to deliver 100 per cent of the proceeds to Green Economy Transition (GET) eligible projects.European Bank for Reconstruction and DevelopmentPROCREDIT BANK SH A KOSOVOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRISTINA42.67272 21.1668810000000PROCREDIT BANK SH A KOSOVOPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 10 million to be provided in one tranche to ProCredit Bank Kosovo (PCBK) under the FIF - SME Go Green Programme (SME Go Green). The proposed operation complies with the SME Go Green Programme criteria. The proceeds of the Bank's investment will be used for financing small and medium-sized enterprises (SMEs), which are compliant with the EU's SME definition and in accordance with the SME Go Green Policy Statement. The proceeds of the loan will be used for providing sub-loans to eligible SMEs in Kosovo for improving their competitiveness and trade potential through targeted investments in sustainability practices and the adoption of internationally recognised quality standards, scaling up green economy investments and in particular, greening of agribusiness supply chains and promoting more equitable access to climate and other finance to women-led SMEs. The bank will aim to deliver 100 per cent of the proceeds to Green Economy Transition (GET) eligible projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55555XI-IATI-EBRD-56185European Bank for Reconstruction and DevelopmentA senior loan of up to €3 milion to be provided in two equal tranches under the FIF - Go Digital in the Western Balkans Programme ("Go Digital in WB" or "Programme"). The transaction will support the aim of the Programme to: (i) advance innovation and competitiveness of the private sector via targeted investments among SMEs for a higher utilisation of digitalisation and automation technologies; (ii) support transition to green economy ("GET technologies"); (iii) increase the capacity and trade potential of SMEs via increased access to finance to allow them to invest additional resources to introduce EU standards; and (iv) promote more equitable access to finance for automation and digitalisation investments for women-led SMEs, and improve the competitiveness and sustainability of end-benecifiaries business operations.European Bank for Reconstruction and DevelopmentPROCREDIT BANK DDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.356443000000PROCREDIT BANK DDPRIVATEPRIVATEPRIVATEA senior loan of up to €3 milion to be provided in two equal tranches under the FIF - Go Digital in the Western Balkans Programme ("Go Digital in WB" or "Programme"). The transaction will support the aim of the Programme to: (i) advance innovation and competitiveness of the private sector via targeted investments among SMEs for a higher utilisation of digitalisation and automation technologies; (ii) support transition to green economy ("GET technologies"); (iii) increase the capacity and trade potential of SMEs via increased access to finance to allow them to invest additional resources to introduce EU standards; and (iv) promote more equitable access to finance for automation and digitalisation investments for women-led SMEs, and improve the competitiveness and sustainability of end-benecifiaries business operations. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56185XI-IATI-EBRD-55811European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan to Suez Canal Bank ("SCB") of up to USD 25 million under the GCF GEFF Regional Egypt II framework ("GEFF"), of which up to USD 3.75 million is expected to be co-financed by the Green Climate Fund (GCF). The project will enable SCB (i) to support Egyptian households and private MSMEs for their investments in climate change adaptation and mitigation projects in a gender-responsive way, which is of particular relevance in the context of the high energy intensity of Egypt's economy, and (ii) to accelerate the uptake of high performance technologies and services supporting a green economy in Egypt. Sub-borrowers will include individual households and micro, small and medium-sized enterprises (MSMEs).European Bank for Reconstruction and DevelopmentSUEZ CANAL BANK SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496718602818.8718602818.87SUEZ CANAL BANK SAEPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan to Suez Canal Bank ("SCB") of up to USD 25 million under the GCF GEFF Regional Egypt II framework ("GEFF"), of which up to USD 3.75 million is expected to be co-financed by the Green Climate Fund (GCF). The project will enable SCB (i) to support Egyptian households and private MSMEs for their investments in climate change adaptation and mitigation projects in a gender-responsive way, which is of particular relevance in the context of the high energy intensity of Egypt's economy, and (ii) to accelerate the uptake of high performance technologies and services supporting a green economy in Egypt. Sub-borrowers will include individual households and micro, small and medium-sized enterprises (MSMEs). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55811XI-IATI-EBRD-53527European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 2 million to be provided in two equal tranches under the Financial Intermediaries Framework ("FIF"). The Loan proceeds will be used for on-lending to private micro-, small and medium sized enterprises ("MSMEs") in Kosovo in accordance with the Policy Statement.European Bank for Reconstruction and DevelopmentKREDITIMI RURAL I KOSOVES LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRISTINA42.67272 21.166882000000KREDITIMI RURAL I KOSOVES LLCPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 2 million to be provided in two equal tranches under the Financial Intermediaries Framework ("FIF"). The Loan proceeds will be used for on-lending to private micro-, small and medium sized enterprises ("MSMEs") in Kosovo in accordance with the Policy Statement. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53527XI-IATI-EBRD-51454European Bank for Reconstruction and DevelopmentThe provision of an equity bridge loan of US$60 million to finance the construction and operation of a pilot solar auction project of 100 MW installed capacity located in Navoi region of Uzbekistan. Nur Navoi is among first solar projects in Uzbekistan which will pave the way for a pipeline of renewable projects in the country. It will contribute to climate mitigation by adding 100 MW of solar generation capacity to the national energy system and will assist the country in low-carbon transition, reducing its current high reliance on thermal power generation.European Bank for Reconstruction and DevelopmentNUR NAVOI SOLAR HOLDING RSC LTDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.2162752508067.93NUR NAVOI SOLAR HOLDING RSC LTDPRIVATEPRIVATEPRIVATEThe provision of an equity bridge loan of US$60 million to finance the construction and operation of a pilot solar auction project of 100 MW installed capacity located in Navoi region of Uzbekistan. Nur Navoi is among first solar projects in Uzbekistan which will pave the way for a pipeline of renewable projects in the country. It will contribute to climate mitigation by adding 100 MW of solar generation capacity to the national energy system and will assist the country in low-carbon transition, reducing its current high reliance on thermal power generation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51454XI-IATI-EBRD-55469European Bank for Reconstruction and DevelopmentThe provision of a senior secured loan of up to US$ 20 million to Nika Pharm for financing (i) the upgrade of equipment to increase capacity, (ii) the launch of GMP standard for medicines manufacturing requirements, and (iii) balance sheet restructuring through debt consolidation. The project aims to boost competitiveness and promote human capital development. It will allow expanding pharmaceuticals production to meet growing local demand. Nika Pharm will launch new training programmes tailored to its needs, focusing on roles scarce in the local labour market.European Bank for Reconstruction and DevelopmentNIKA PHARM LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.2162715757681.87NIKA PHARM LLCPRIVATEPRIVATEPRIVATEThe provision of a senior secured loan of up to US$ 20 million to Nika Pharm for financing (i) the upgrade of equipment to increase capacity, (ii) the launch of GMP standard for medicines manufacturing requirements, and (iii) balance sheet restructuring through debt consolidation. The project aims to boost competitiveness and promote human capital development. It will allow expanding pharmaceuticals production to meet growing local demand. Nika Pharm will launch new training programmes tailored to its needs, focusing on roles scarce in the local labour market. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55469XI-IATI-EBRD-56821European Bank for Reconstruction and DevelopmentProvision of a corporate loan of up to USD 12.1 million (EUR 10.3 million equivalent) (the "Loan") to Kawar Energy (the "Borrower" or the "Company") to support the optimisation of the Company's balance sheet and enhance its cash flow flexibility, enabling the implementation of its upcoming pipeline of renewable energy projects in Jordan (the "Project"). The Loan will be secured by an on demand and irrevocable guarantee from Kawar Investment Company, the sole owner of the Borrower. As Jordan now plans on expanding renewable energy capacity to meet its ambitious target of 50% by year 2033, strong participation from experienced local developers with proven delivery capacity is important. The Project will advance Jordan's green transition by supporting a leading local market player, enhancing the sector's competitiveness by maintaining local participation in the Jordanian renewable energy sector. The Project will also enhance access to market-relevant skills and employment opportunities for young labour market entrants. This will be enabled by strengthening the Company's capacity to support the schoolitoiwork transition of prospective energy specialists in Jordan. To this end, the Company will develop a new threeimonth, companyicertified apprenticeship programme tailored to young professionals entering the renewable energy sector.European Bank for Reconstruction and DevelopmentKAWAR ENERGYEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGAMMAN31.95522 35.9450310592663.9210592663.92KAWAR ENERGYPRIVATEPRIVATEPRIVATEProvision of a corporate loan of up to USD 12.1 million (EUR 10.3 million equivalent) (the "Loan") to Kawar Energy (the "Borrower" or the "Company") to support the optimisation of the Company's balance sheet and enhance its cash flow flexibility, enabling the implementation of its upcoming pipeline of renewable energy projects in Jordan (the "Project"). The Loan will be secured by an on demand and irrevocable guarantee from Kawar Investment Company, the sole owner of the Borrower. As Jordan now plans on expanding renewable energy capacity to meet its ambitious target of 50% by year 2033, strong participation from experienced local developers with proven delivery capacity is important. The Project will advance Jordan's green transition by supporting a leading local market player, enhancing the sector's competitiveness by maintaining local participation in the Jordanian renewable energy sector. The Project will also enhance access to market-relevant skills and employment opportunities for young labour market entrants. This will be enabled by strengthening the Company's capacity to support the schoolitoiwork transition of prospective energy specialists in Jordan. To this end, the Company will develop a new threeimonth, companyicertified apprenticeship programme tailored to young professionals entering the renewable energy sector. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56821XI-IATI-EBRD-55168European Bank for Reconstruction and DevelopmentThe provision of a senior loan of up to MNT 90 billion (ca. EUR 24.6 million) to be provided to Shunkhlai Holding LLC (the "Company" or "the Borrower") to finance the construction, equipment and placing into operation of the group's headquarter office in Ulaanbaatar, Mongolia (the "Project"). The Project is in line with the Mongolia Country Strategy (2022-2027) as it focuses on promoting a greener and more climate resilient economy by supporting the development of an energy efficient building. The loan finances the conversion of a dilapidated cashmere wool processing factory into a modern 6-floor office building, which will provide a new workplace for approximately 1,300 staff.European Bank for Reconstruction and DevelopmentSHUNKHLAI HOLDING LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGULAANBAATAR47.90771 106.8832422007935.8SHUNKHLAI HOLDING LLCPRIVATEPRIVATEPRIVATEThe provision of a senior loan of up to MNT 90 billion (ca. EUR 24.6 million) to be provided to Shunkhlai Holding LLC (the "Company" or "the Borrower") to finance the construction, equipment and placing into operation of the group's headquarter office in Ulaanbaatar, Mongolia (the "Project"). The Project is in line with the Mongolia Country Strategy (2022-2027) as it focuses on promoting a greener and more climate resilient economy by supporting the development of an energy efficient building. The loan finances the conversion of a dilapidated cashmere wool processing factory into a modern 6-floor office building, which will provide a new workplace for approximately 1,300 staff. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55168XI-IATI-EBRD-49372European Bank for Reconstruction and DevelopmentThe provision of a senior loan to Andalusia Egypt Holding for Financial Investments (the "Company"), a closed joint stock company registered in Egypt, to finance its expansion in Egypt in order to provide better healthcare services to a higher number of patients in Cairo and Alexandria. (the "Project"). The Bank will finance Company's expansion in Egypt through the construction of a new hospital and the expansion of an existing one in Cairo. The objective of the Bank financing is to support the Company to significantly increase the level of healthcare services and to reach a higher number of patients. In addition, the long term financing of the Bank aims to strengthen the balance sheet of the Company.European Bank for Reconstruction and DevelopmentANDALUSIA EGYPT HOLDING FOR FINANCIAL INVESTMENTS SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGALEXANDRIA31.20176 29.9158221010242.49ANDALUSIA EGYPT HOLDING FOR FINANCIAL INVESTMENTS SAEPRIVATEPRIVATEPRIVATEThe provision of a senior loan to Andalusia Egypt Holding for Financial Investments (the "Company"), a closed joint stock company registered in Egypt, to finance its expansion in Egypt in order to provide better healthcare services to a higher number of patients in Cairo and Alexandria. (the "Project"). The Bank will finance Company's expansion in Egypt through the construction of a new hospital and the expansion of an existing one in Cairo. The objective of the Bank financing is to support the Company to significantly increase the level of healthcare services and to reach a higher number of patients. In addition, the long term financing of the Bank aims to strengthen the balance sheet of the Company. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49372XI-IATI-EBRD-53597European Bank for Reconstruction and DevelopmentProvision of a long-term senior unsecured loan of up to EUR 2 million to Sparkasse Bank Macedonia ("SBM") for on-lending to small and medium-sized enterprises ("SMEs") in North Macedonia. The loan is envisaged under the Sustainable Reboot SME Programme ("Reboot SME"). The loan is intended to provide financing for on-lending to local SMEs for investments in environmental protection, workers' safety and product quality and safety in order to introduce and implement EU standards, which will boost SMEs' competitiveness in the country. At least 70% of the use of the proceeds is expected to be related to Green Economy Transition ("GET") investments.European Bank for Reconstruction and DevelopmentSPARKASSE BANK AD SKOPJEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.431412000000SPARKASSE BANK AD SKOPJEPRIVATEPRIVATEPRIVATEProvision of a long-term senior unsecured loan of up to EUR 2 million to Sparkasse Bank Macedonia ("SBM") for on-lending to small and medium-sized enterprises ("SMEs") in North Macedonia. The loan is envisaged under the Sustainable Reboot SME Programme ("Reboot SME"). The loan is intended to provide financing for on-lending to local SMEs for investments in environmental protection, workers' safety and product quality and safety in order to introduce and implement EU standards, which will boost SMEs' competitiveness in the country. At least 70% of the use of the proceeds is expected to be related to Green Economy Transition ("GET") investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53597XI-IATI-EBRD-53599European Bank for Reconstruction and DevelopmentFollow-on equity investment in Alcatraz, a provider of facial authentication access control solution for enterprise-grade physical security, as part of Series B financing round (alongside existing investors), to support product development, sales, and marketing. Null ValueEuropean Bank for Reconstruction and DevelopmentALCATRAZ AI INCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSOFIA42.69751 23.324155997386.22ALCATRAZ AI INCPRIVATEPRIVATEPRIVATEFollow-on equity investment in Alcatraz, a provider of facial authentication access control solution for enterprise-grade physical security, as part of Series B financing round (alongside existing investors), to support product development, sales, and marketing. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53599XI-IATI-EBRD-55337European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 15 million to be provided in two tranches (Tranche 1: EUR 7 million; Tranche 2: EUR 8 million) under the Financial Intermediaries Framework ("FIF"). The first tranche will be committed upon signing, while the second tranche will be uncommitted and its commitment will be at the EBRD's sole discretion. The transaction is envisaged to provide financing for on-lending to local SMEs for capital expenditure, primarily equipment and vehicles in line with the FIF Policy Statement.European Bank for Reconstruction and DevelopmentRAIFFEISEN LEASING DOO SARAJEVOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.3564415000000RAIFFEISEN LEASING DOO SARAJEVOPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 15 million to be provided in two tranches (Tranche 1: EUR 7 million; Tranche 2: EUR 8 million) under the Financial Intermediaries Framework ("FIF"). The first tranche will be committed upon signing, while the second tranche will be uncommitted and its commitment will be at the EBRD's sole discretion. The transaction is envisaged to provide financing for on-lending to local SMEs for capital expenditure, primarily equipment and vehicles in line with the FIF Policy Statement. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55337XI-IATI-EBRD-52724European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to EUR 2.0 million to be provided in one single tranche to Ohridska Banka AD Skopje under the Western Balkans Green Economy Financing Facility II (WB GEFF II). The facility will support investments in high-performance green technologies, materials and solutions undertaken in privately-owned residential dwellings or buildings. Sub-projects will be selected according to technical and financial eligibility criteria set forth in the Policy Statement for WB GEFF II. 100 per cent of the use of proceeds will be related to Green Economy Transition investments.European Bank for Reconstruction and DevelopmentSPARKASSE BANK AD SKOPJEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.431412000000SPARKASSE BANK AD SKOPJEPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to EUR 2.0 million to be provided in one single tranche to Ohridska Banka AD Skopje under the Western Balkans Green Economy Financing Facility II (WB GEFF II). The facility will support investments in high-performance green technologies, materials and solutions undertaken in privately-owned residential dwellings or buildings. Sub-projects will be selected according to technical and financial eligibility criteria set forth in the Policy Statement for WB GEFF II. 100 per cent of the use of proceeds will be related to Green Economy Transition investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52724XI-IATI-EBRD-54945European Bank for Reconstruction and DevelopmentCapped unfunded portfolio risk-sharing in the amount of up to EUR 14 million, to be provided by the EBRD as an implementing partner under the European Union ("EU")'s InvestEU programme ("InvestEU") to ProCredit Bank (Bulgaria) EAD ("PCBB"), as an eligible partner financial intermediary ("PFI") in Bulgaria under the InvestEU Green Capped Portfolio Guarantee Framework (the "Framework", BDS 23-184). The guarantee will cover a newly generated portfolio of loans financing eligible green projects in Bulgaria and Greece. The Project benefits from partial first loss risk cover from the European Union under the InvestEU Fund. The Project aims to further support the Bank's green agenda in Bulgaria and Greece and the green economy priorities. As such, the Project will bridge the funding gap in sustainable energy investments in the two countries, support the resilience of a key SME-finance provider and expand its green lending capacity.European Bank for Reconstruction and DevelopmentPROCREDIT BANK BULGARIA EADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSOFIA42.69751 23.324151400000014000000PROCREDIT BANK BULGARIA EADPRIVATEPRIVATEPRIVATECapped unfunded portfolio risk-sharing in the amount of up to EUR 14 million, to be provided by the EBRD as an implementing partner under the European Union ("EU")'s InvestEU programme ("InvestEU") to ProCredit Bank (Bulgaria) EAD ("PCBB"), as an eligible partner financial intermediary ("PFI") in Bulgaria under the InvestEU Green Capped Portfolio Guarantee Framework (the "Framework", BDS 23-184). The guarantee will cover a newly generated portfolio of loans financing eligible green projects in Bulgaria and Greece. The Project benefits from partial first loss risk cover from the European Union under the InvestEU Fund. The Project aims to further support the Bank's green agenda in Bulgaria and Greece and the green economy priorities. As such, the Project will bridge the funding gap in sustainable energy investments in the two countries, support the resilience of a key SME-finance provider and expand its green lending capacity. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54945XI-IATI-EBRD-57278European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to €4 million to Mikrofin under the Western Balkans GEFF III - REPower Residential Programme. The proceeds of the Bank's investment will support investments in high-performance energy efficiency technologies, materials and solutions undertaken in privately owned residential dwellings or buildings.European Bank for Reconstruction and DevelopmentMIKROFIN DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBANJA LUKA44.77842 17.193864000000MIKROFIN DOOPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to €4 million to Mikrofin under the Western Balkans GEFF III - REPower Residential Programme. The proceeds of the Bank's investment will support investments in high-performance energy efficiency technologies, materials and solutions undertaken in privately owned residential dwellings or buildings. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57278XI-IATI-EBRD-53528European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 1 million to be provided in two equal tranches under the Western Balkans Women in Business Programme ("WB WiB") Phase II. The proceeds of the Bank's investment will be used for on-lending to eligible women-led micro, small and medium enterprises ("MSMEs") in Kosovo in accordance with the Policy Statement.European Bank for Reconstruction and DevelopmentKREDITIMI RURAL I KOSOVES LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRISTINA42.67272 21.166881000000KREDITIMI RURAL I KOSOVES LLCPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 1 million to be provided in two equal tranches under the Western Balkans Women in Business Programme ("WB WiB") Phase II. The proceeds of the Bank's investment will be used for on-lending to eligible women-led micro, small and medium enterprises ("MSMEs") in Kosovo in accordance with the Policy Statement. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53528XI-IATI-EBRD-54625European Bank for Reconstruction and DevelopmentThe EBRD is considering providing a senior unsecured loan of up to € 26.4 million to the Macedonian Transmission System Operator AD ("MEPSO", or the "Company"). The proceeds of the EBRD financing will be used to finance the construction of (i) 400/110kV substation near Miletkovo, (ii) new 110kv OHTL connection and rehabilitation of the existing 110kV overhead transmission lines and substations in and between Miletkovo, Valando and Strumica, and (iii) develop a training center for high voltage grid operators and other sectoral specialists (the "Project"). The Project will also benefit from (i) € 7.8 million investment grant from the Western Balkans Investment Fund (WBIF) and € 0.5 million grant from the Climate Investment Fund Accelerating Coal Transition ("CIF ACT"). The total project cost will be € 34.7 million. Overall, the Project will enable MEPSO to strengthen further the transmission network in the southeast region of North Macedonia. This development is pivotal for integrating a considerable array of Renewable Energy ("RE") power plants with the TSO system. The realization of this project is also projected to significantly reduce energy losses, with an estimated reduction of approximately 14.5 GWh annually. Additionally, it will develop a training centre for high voltage grid operators in the coal-affected southwest region targeting not only MEPSO grid operators but also other sectoral workers affected by the green energy transition.European Bank for Reconstruction and DevelopmentMEPSO ADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.431412640000026400000MEPSO ADSTATESTATESTATESTATEThe EBRD is considering providing a senior unsecured loan of up to € 26.4 million to the Macedonian Transmission System Operator AD ("MEPSO", or the "Company"). The proceeds of the EBRD financing will be used to finance the construction of (i) 400/110kV substation near Miletkovo, (ii) new 110kv OHTL connection and rehabilitation of the existing 110kV overhead transmission lines and substations in and between Miletkovo, Valando and Strumica, and (iii) develop a training center for high voltage grid operators and other sectoral specialists (the "Project"). The Project will also benefit from (i) € 7.8 million investment grant from the Western Balkans Investment Fund (WBIF) and € 0.5 million grant from the Climate Investment Fund Accelerating Coal Transition ("CIF ACT"). The total project cost will be € 34.7 million. Overall, the Project will enable MEPSO to strengthen further the transmission network in the southeast region of North Macedonia. This development is pivotal for integrating a considerable array of Renewable Energy ("RE") power plants with the TSO system. The realization of this project is also projected to significantly reduce energy losses, with an estimated reduction of approximately 14.5 GWh annually. Additionally, it will develop a training centre for high voltage grid operators in the coal-affected southwest region targeting not only MEPSO grid operators but also other sectoral workers affected by the green energy transition. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54625XI-IATI-EBRD-54355European Bank for Reconstruction and DevelopmentA sovereign guaranteed loan of up to EUR 67 million in favour of Elektroprivreda Srbije AD Beograd ("EPS", or the "Company"), a fully state-owned power utility in Serbia. The loan proceeds will be used for the reconstruction of the existing hydro power plant ("HPP") Vlasinske (the "Project"). Also, the Project will benefit from EUR 15.4 million of grant funding from the EU, via the Western Balkans Investment Framework ("WBIF"), approved in December 2022 and supported by the EBRD. The Project aims at extending the useful life of the HPPs (129 MW) and increasing the installed capacity of the site by 8 MW, yielding approximately 313 GWh of increased production, as well as allowing for further development of the renewable energy in the country. Proceeds of the loan will finance procurement of new generation units, accompanying auxiliary electromechanical systems of units and power plant, hydro mechanical equipment and control equipment for HPP consisting of four cascades, with the aim of replacing obsolete equipment.European Bank for Reconstruction and DevelopmentELEKTROPRIVREDA SRBIJE BELGRADE JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651340599083.0767000000ELEKTROPRIVREDA SRBIJE BELGRADE JSC670000ELEKTROPRIVREDA SRBIJE BELGRADE JSC25233367.93ELEKTROPRIVREDA SRBIJE BELGRADE JSC497549ELEKTROPRIVREDA SRBIJE BELGRADE JSCSTATESTATESTATESTATEA sovereign guaranteed loan of up to EUR 67 million in favour of Elektroprivreda Srbije AD Beograd ("EPS", or the "Company"), a fully state-owned power utility in Serbia. The loan proceeds will be used for the reconstruction of the existing hydro power plant ("HPP") Vlasinske (the "Project"). Also, the Project will benefit from EUR 15.4 million of grant funding from the EU, via the Western Balkans Investment Framework ("WBIF"), approved in December 2022 and supported by the EBRD. The Project aims at extending the useful life of the HPPs (129 MW) and increasing the installed capacity of the site by 8 MW, yielding approximately 313 GWh of increased production, as well as allowing for further development of the renewable energy in the country. Proceeds of the loan will finance procurement of new generation units, accompanying auxiliary electromechanical systems of units and power plant, hydro mechanical equipment and control equipment for HPP consisting of four cascades, with the aim of replacing obsolete equipment. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54355XI-IATI-EBRD-52929European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to RSD 588 million (ca. EUR 5 million equivalent) to be disbursed in one single tranche to ProCredit Bank AD Belgrade (PCB) under the Western Balkans Green Economy Financing Facility II (WB GEFF II). The facility will support investments in high-performance green technologies, materials and solutions undertaken in privately-owned residential dwellings or buildings. The sub-projects will be selected according to technical and financial eligibility criteria set out in the Policy Statement for WB GEFF II. 100% of proceeds will finance green investments.European Bank for Reconstruction and DevelopmentPROCREDIT BANK AD BELGRADEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.465135009741.52PROCREDIT BANK AD BELGRADEPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to RSD 588 million (ca. EUR 5 million equivalent) to be disbursed in one single tranche to ProCredit Bank AD Belgrade (PCB) under the Western Balkans Green Economy Financing Facility II (WB GEFF II). The facility will support investments in high-performance green technologies, materials and solutions undertaken in privately-owned residential dwellings or buildings. The sub-projects will be selected according to technical and financial eligibility criteria set out in the Policy Statement for WB GEFF II. 100% of proceeds will finance green investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52929XI-IATI-EBRD-53734European Bank for Reconstruction and DevelopmentProvision of a long-term senior unsecured loan to Erste Bank AD Novi Sad ("EBS") for on-lending to small and medium-sized enterprises ("SMEs") in Serbia. The loan is envisaged under the Sustainable Reboot SME Programme. The loan is intended to provide financing for on-lending to local SMEs for investments in high performance technologies and services in order to introduce and implement EU and other international quality standards. At least 70 per cent of the use of the proceeds is expected to be related to Green Economy Transition ("GET") investments.European Bank for Reconstruction and DevelopmentERSTE BANK AD NOVI SADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGNOVI SAD45.25167 19.836945000000ERSTE BANK AD NOVI SADPRIVATEPRIVATEPRIVATEProvision of a long-term senior unsecured loan to Erste Bank AD Novi Sad ("EBS") for on-lending to small and medium-sized enterprises ("SMEs") in Serbia. The loan is envisaged under the Sustainable Reboot SME Programme. The loan is intended to provide financing for on-lending to local SMEs for investments in high performance technologies and services in order to introduce and implement EU and other international quality standards. At least 70 per cent of the use of the proceeds is expected to be related to Green Economy Transition ("GET") investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53734XI-IATI-EBRD-46489European Bank for Reconstruction and DevelopmentThe EBRD is providing a sovereign-guaranteed loan of EUR 10 million to Trafiku Urban (the "company" or "TU"), the urban transport company in Pristina, to modernise its bus fleet through the purchase of 51 new low-entry diesel Euro VI standard compliant buses. The project includes the refurbishment of the existing bus maintenance depot. Total project costs amount to EUR 13.2 million, of which EUR 3.2 million will be contributed by the Municipality to finance the refurbishment of the maintenance depot and the VAT. The project is expected to improve the current condition of the company's outdated bus fleet resulting in significant improvement of its operating and environmental performance, as well as improved safety standards. The project will be implemented by a Project Implementation Unit supported by external consultants financed from technical co-operation funds. The success of the project will be measured by the following benchmarks: * Total number of urban transport passengers transported per day * Annual reduction in tonnes of CO2 equivalent for improved public transport operations Null ValueEuropean Bank for Reconstruction and DevelopmentTRAFIKU URBAN PUBLIC TRANSPORT COMPANYEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRISTINA42.67272 21.1668810000000TRAFIKU URBAN PUBLIC TRANSPORT COMPANY100000TRAFIKU URBAN PUBLIC TRANSPORT COMPANY1793645.09TRAFIKU URBAN PUBLIC TRANSPORT COMPANY4185171.81TRAFIKU URBAN PUBLIC TRANSPORT COMPANY1224332.7TRAFIKU URBAN PUBLIC TRANSPORT COMPANY2568770.3TRAFIKU URBAN PUBLIC TRANSPORT COMPANY128080.1TRAFIKU URBAN PUBLIC TRANSPORT COMPANYSTATESTATESTATESTATEThe EBRD is providing a sovereign-guaranteed loan of EUR 10 million to Trafiku Urban (the "company" or "TU"), the urban transport company in Pristina, to modernise its bus fleet through the purchase of 51 new low-entry diesel Euro VI standard compliant buses. The project includes the refurbishment of the existing bus maintenance depot. Total project costs amount to EUR 13.2 million, of which EUR 3.2 million will be contributed by the Municipality to finance the refurbishment of the maintenance depot and the VAT. The project is expected to improve the current condition of the company's outdated bus fleet resulting in significant improvement of its operating and environmental performance, as well as improved safety standards. The project will be implemented by a Project Implementation Unit supported by external consultants financed from technical co-operation funds. The success of the project will be measured by the following benchmarks: * Total number of urban transport passengers transported per day * Annual reduction in tonnes of CO2 equivalent for improved public transport operations Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/46489XI-IATI-EBRD-48174European Bank for Reconstruction and DevelopmentLong-term senior debt financing of up to USD 27.0 million (EUR 24.8 million equivalent) to finance the construction of 50 MW solar photovoltaic plant located in the proposed 1.8 GW Benban solar complex in the Aswan province of Egypt (the "Project"). The Project will be one of the first utility scale solar plants in Egypt and will support the country in increasing its renewable energy capacity. The Project is part of a larger portfolio of two 50 MW plants developed in Benban by the same group of lead sponsors. The Project will be developed under the programme implemented by the Egyptian government offering feed-in tariffs to projects of up to 50 MW capacity to stimulate private investment in over 4 GW of wind and solar power. This scheme aims to support Egypt to move to a more environmentally sustainable and diverse electricity sector by exploiting the country's vast renewable energy potential. It is expected to improve the environmental characteristics of Egypt's power sector by reducing emissions of local pollutants and CO2, as well as water consumption.European Bank for Reconstruction and DevelopmentASWAN SOLAR 21 SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496727900713.95ASWAN SOLAR 21 SAEPRIVATEPRIVATEPRIVATELong-term senior debt financing of up to USD 27.0 million (EUR 24.8 million equivalent) to finance the construction of 50 MW solar photovoltaic plant located in the proposed 1.8 GW Benban solar complex in the Aswan province of Egypt (the "Project"). The Project will be one of the first utility scale solar plants in Egypt and will support the country in increasing its renewable energy capacity. The Project is part of a larger portfolio of two 50 MW plants developed in Benban by the same group of lead sponsors. The Project will be developed under the programme implemented by the Egyptian government offering feed-in tariffs to projects of up to 50 MW capacity to stimulate private investment in over 4 GW of wind and solar power. This scheme aims to support Egypt to move to a more environmentally sustainable and diverse electricity sector by exploiting the country's vast renewable energy potential. It is expected to improve the environmental characteristics of Egypt's power sector by reducing emissions of local pollutants and CO2, as well as water consumption. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48174XI-IATI-EBRD-47570European Bank for Reconstruction and DevelopmentThe EBRD ("Bank") provided a loan of up to KZT 2.0 billion to Joint Stock Company "Akbulak" (now "Aqtobe -Su Energy Group" / "Company"), a water and wastewater management company in the city of Aqtobe, Kazakhstan, to support the rehabilitation and upgrade of the water supply and wastewater management system in Aktobe Coty ("City") The loan allowed to replace parts of the obsolete water supply network and modernise the wastewater management system operated by the Company. This reduced energy and water losses, increased reliability and quality of provided water services, reduced maintenance and operating costs, as well as reduced the negative environmental impact. - Improvement in financial and operational performance - Project implementation completion - Tariffs increase - Compliance with environmental standardsEuropean Bank for Reconstruction and DevelopmentAQTOBE SU-ENERGY GROUP JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGAKTOBE50.27969 57.207183619709.62AQTOBE SU-ENERGY GROUP JSC75706.78AQTOBE SU-ENERGY GROUP JSC904938.86AQTOBE SU-ENERGY GROUP JSC904927.41AQTOBE SU-ENERGY GROUP JSC1734136.57AQTOBE SU-ENERGY GROUP JSCSTATESTATESTATESTATEThe EBRD ("Bank") provided a loan of up to KZT 2.0 billion to Joint Stock Company "Akbulak" (now "Aqtobe -Su Energy Group" / "Company"), a water and wastewater management company in the city of Aqtobe, Kazakhstan, to support the rehabilitation and upgrade of the water supply and wastewater management system in Aktobe Coty ("City") The loan allowed to replace parts of the obsolete water supply network and modernise the wastewater management system operated by the Company. This reduced energy and water losses, increased reliability and quality of provided water services, reduced maintenance and operating costs, as well as reduced the negative environmental impact. - Improvement in financial and operational performance - Project implementation completion - Tariffs increase - Compliance with environmental standards For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47570XI-IATI-EBRD-53682European Bank for Reconstruction and DevelopmentSenior unsecured loan to RLK of up to €7 million for on-lending to micro, small and medium-sized enterprises (MSMEs) in Kosovo. The loan is envisaged under the Financial Intermediaries Framework (FIF). The proceeds of the loan will be used to provide lease finance to local MSMEs and contribute to the objectives of Financial Intermediaries Framework.European Bank for Reconstruction and DevelopmentRAIFFEISEN LEASING KOSOVO LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRISTINA42.67272 21.166887000000RAIFFEISEN LEASING KOSOVO LLCPRIVATEPRIVATEPRIVATESenior unsecured loan to RLK of up to €7 million for on-lending to micro, small and medium-sized enterprises (MSMEs) in Kosovo. The loan is envisaged under the Financial Intermediaries Framework (FIF). The proceeds of the loan will be used to provide lease finance to local MSMEs and contribute to the objectives of Financial Intermediaries Framework. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53682XI-IATI-EBRD-56433European Bank for Reconstruction and DevelopmentProvision of a senior loan of up to EGP 350 million (c. EUR 6.4 million) to Ridgewood for Water Desalination SAE to finance the construction, operation, and maintenance of circa 11 new B2B desalination plants and the rehabilitation/upgrade of existing plants along Egypt's Red Sea and Mediterranean Sea coasts. The main objective of the Project is to support Ridgewood for Water Desalination SAE's growth and expansion in the water desalination sector by increasing its capacity to deliver reliable, sustainable water solutions. The loan will enable expansion of desalination capacity through new plants and upgrades to existing facilities, contributing to Egypt's broader water security goals.European Bank for Reconstruction and DevelopmentRIDGEWOOD FOR WATER DESALINATION SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.249675252757.466223916.68RIDGEWOOD FOR WATER DESALINATION SAEPRIVATEPRIVATEPRIVATEProvision of a senior loan of up to EGP 350 million (c. EUR 6.4 million) to Ridgewood for Water Desalination SAE to finance the construction, operation, and maintenance of circa 11 new B2B desalination plants and the rehabilitation/upgrade of existing plants along Egypt's Red Sea and Mediterranean Sea coasts. The main objective of the Project is to support Ridgewood for Water Desalination SAE's growth and expansion in the water desalination sector by increasing its capacity to deliver reliable, sustainable water solutions. The loan will enable expansion of desalination capacity through new plants and upgrades to existing facilities, contributing to Egypt's broader water security goals. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56433XI-IATI-EBRD-54986European Bank for Reconstruction and DevelopmentThe provision of a senior loan of up to USD 12 million (€ 11.25 million) in KZT equivalent, as determined at the time of disbursement, to Shinhan Bank Kazakhstan ("SBK") - a mid-sized Kazakhstan bank 100 per cent owned by Shinhan Bank Co. Ltd., South Korea (parent bank). The loan will support lending to local micro, small and medium-sized enterprises (MSMEs) and will be provided in two equal tranches under the Financial Intermediaries Framework ("FIF"). The loan will be fully guaranteed by the Parent bank. Null ValueEuropean Bank for Reconstruction and DevelopmentSHINHAN BANK KAZAKHSTAN JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGALMATY43.25667 76.9286110700042.62SHINHAN BANK KAZAKHSTAN JSCPRIVATEPRIVATEPRIVATEThe provision of a senior loan of up to USD 12 million (€ 11.25 million) in KZT equivalent, as determined at the time of disbursement, to Shinhan Bank Kazakhstan ("SBK") - a mid-sized Kazakhstan bank 100 per cent owned by Shinhan Bank Co. Ltd., South Korea (parent bank). The loan will support lending to local micro, small and medium-sized enterprises (MSMEs) and will be provided in two equal tranches under the Financial Intermediaries Framework ("FIF"). The loan will be fully guaranteed by the Parent bank. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54986XI-IATI-EBRD-51827European Bank for Reconstruction and DevelopmentProvision of a senior loan of up to EUR 40 million, including a committed Tranche A of EUR 15 million and an uncommitted Tranche B of EUR 25 million, to the Agence Nationale des Ports (ANP) to co-finance the works required to improve the climate resilience of selected Moroccan ports as included in ANP's Priority Investment Programme (PIP) (the "Project"). The Bank's loan will be supplemented by an investment grant of USD 5.7 million from the Global Environmental Facility (GEF). The Project's objectives are to enhance the climate resilience of the ports along the highly climate vulnerable Moroccan coastline of the Atlantic sea included in ANP's PIP in line with international standards and best practice. Considering the key role of the port sector in linking the Moroccan economy to wider markets, ANP's strategic position in the sector, as well as the increasing urgency of addressing climate resilience globally, the Project has a wide potential for replication and impact beyond the immediate Project stakeholders.European Bank for Reconstruction and DevelopmentAGENCE NATIONALE DES PORTSEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCASABLANCA33.58831 -7.6113811953567.4530000000AGENCE NATIONALE DES PORTS18046432.55AGENCE NATIONALE DES PORTSSTATESTATESTATESTATEProvision of a senior loan of up to EUR 40 million, including a committed Tranche A of EUR 15 million and an uncommitted Tranche B of EUR 25 million, to the Agence Nationale des Ports (ANP) to co-finance the works required to improve the climate resilience of selected Moroccan ports as included in ANP's Priority Investment Programme (PIP) (the "Project"). The Bank's loan will be supplemented by an investment grant of USD 5.7 million from the Global Environmental Facility (GEF). The Project's objectives are to enhance the climate resilience of the ports along the highly climate vulnerable Moroccan coastline of the Atlantic sea included in ANP's PIP in line with international standards and best practice. Considering the key role of the port sector in linking the Moroccan economy to wider markets, ANP's strategic position in the sector, as well as the increasing urgency of addressing climate resilience globally, the Project has a wide potential for replication and impact beyond the immediate Project stakeholders. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51827XI-IATI-EBRD-52451European Bank for Reconstruction and DevelopmentProvision of a senior debt financing of up to USD 40 million, in addition to an equity bridge loan of up to USD 14 million, to finance the construction and development of a 200 MW solar PV project located in Kom Ombo, Egypt. The Project will be one of the largest privately developed utility scale solar plants in Egypt and will support the country in increasing its renewable energy capacity. The Project will further promote private sector participation in the Egyptian power sector and increase the share of renewable energy in the energy mix in line with the nationally declared targets. The Project is expected to further improve the environmental characteristics of Egypt's power sector by reducing emissions of local pollutants and CO2, as well as water consumption.European Bank for Reconstruction and DevelopmentACWA POWER KOM OMBO PROJECT HOLDING COMPANY LTDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496712255974.79ACWA POWER KOM OMBO PROJECT HOLDING COMPANY LTDPRIVATEPRIVATEPRIVATEProvision of a senior debt financing of up to USD 40 million, in addition to an equity bridge loan of up to USD 14 million, to finance the construction and development of a 200 MW solar PV project located in Kom Ombo, Egypt. The Project will be one of the largest privately developed utility scale solar plants in Egypt and will support the country in increasing its renewable energy capacity. The Project will further promote private sector participation in the Egyptian power sector and increase the share of renewable energy in the energy mix in line with the nationally declared targets. The Project is expected to further improve the environmental characteristics of Egypt's power sector by reducing emissions of local pollutants and CO2, as well as water consumption. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52451XI-IATI-EBRD-54895European Bank for Reconstruction and DevelopmentEUR 25 million participations in two Schuldschein issued by Zeppelin GmbH ("Zeppelin") in 2024 and 2025. The Bank invested EUR 10 million in April 2024 and EUR 15 million in June 2025 to support Zeppelin's operations in Uzbekistan, Armenia and Ukraine. The Bank's financing will support Zeppelin's operations in Uzbekistan as well as in Armenia and Ukraine.European Bank for Reconstruction and DevelopmentZEPPELIN GMBHEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.2162725000000ZEPPELIN GMBHPRIVATEPRIVATEPRIVATEEUR 25 million participations in two Schuldschein issued by Zeppelin GmbH ("Zeppelin") in 2024 and 2025. The Bank invested EUR 10 million in April 2024 and EUR 15 million in June 2025 to support Zeppelin's operations in Uzbekistan, Armenia and Ukraine. The Bank's financing will support Zeppelin's operations in Uzbekistan as well as in Armenia and Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54895XI-IATI-EBRD-51653European Bank for Reconstruction and DevelopmentThe provision of a senior secured long-term committed loan of US$ 8m loan ("Loan ") to IE Datly Sherbet (theCompany"), one of the leading confectionary producers in Turkmenistan. The Loan will finance the first phase of the Company's expansion. The loan will finance purchase of equipment to diversify confectionary's product range as part of the first development phase.European Bank for Reconstruction and DevelopmentDATLY SHERBET IEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGASHGABAT37.95 58.383337003414.16DATLY SHERBET IEPRIVATEPRIVATEPRIVATEThe provision of a senior secured long-term committed loan of US$ 8m loan ("Loan ") to IE Datly Sherbet (theCompany"), one of the leading confectionary producers in Turkmenistan. The Loan will finance the first phase of the Company's expansion. The loan will finance purchase of equipment to diversify confectionary's product range as part of the first development phase. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51653XI-IATI-EBRD-55211European Bank for Reconstruction and DevelopmentProvision of a subordinated Tier 2 loan of up to EUR 50 million to Garanti Bank Romania S.A. ("GBR"). The loan is compliant with the European Union's Capital Requirements Regulation and Capital Requirements Directive IV (commonly referred to as CRR/CRD IV or Basel III). In addition, the loan aims to support GBR in building the funding base for the minimum requirement for own funds and eligible liabilities ("MREL"). EBRD is seeking to support the resilience of GBR, by contributing to the optimisation of its capital structure through the increase of Tier 2 capital and thus support the bank's growth plans. Moreover, the proceeds from the loan will be used by GBR to support investments in the green economy in Romania, in line with EBRD's Green Economy Transition approach.European Bank for Reconstruction and DevelopmentGARANTI BANK SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUCHAREST44.43225 26.1062650000000GARANTI BANK SAPRIVATEPRIVATEPRIVATEProvision of a subordinated Tier 2 loan of up to EUR 50 million to Garanti Bank Romania S.A. ("GBR"). The loan is compliant with the European Union's Capital Requirements Regulation and Capital Requirements Directive IV (commonly referred to as CRR/CRD IV or Basel III). In addition, the loan aims to support GBR in building the funding base for the minimum requirement for own funds and eligible liabilities ("MREL"). EBRD is seeking to support the resilience of GBR, by contributing to the optimisation of its capital structure through the increase of Tier 2 capital and thus support the bank's growth plans. Moreover, the proceeds from the loan will be used by GBR to support investments in the green economy in Romania, in line with EBRD's Green Economy Transition approach. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55211XI-IATI-EBRD-56738European Bank for Reconstruction and DevelopmentThe initial sovereign-guaranteed loan of USD 5.0 million, co-financed by an investment grant of USD 5.0 million from the Shareholder Special Fund (SSF), was signed in 2021 to finance the rehabilitation of district heating (DH) infrastructure in Dushanbe, under the GrCF2W2-Dushanbe District Heating project (Project ID 49375). The PIP included: - Procurement of operational and maintenance equipment and machinery (Lots 1-3). - Installation of 16 smart meters and rehabilitation of 16 DH pumping stations. - Rehabilitation and extension of DH network (Lots 1-2). Due to high inflation that followed the project's technical and economic feasibility assessment, the PIP had to be adjusted based on the results of open procurement process. Specifically, the contracting of Lot 2 of the "Rehabilitation and extension of the DH network" had to be postponed due to the lack of available financing. The additional sovereign-guaranteed loan of up to USD 3.0 million and investment grant of up to USD 3.0 million as an extension to the Project ID 49375 are now required to address cost overruns to achieve the project objectives. The additional funding is an extension of the Bank's first engagement in the DH sector, which was a trigger investment for the City under the Bank's Green Cities programme. The initial project includes technical cooperation (TC) which was funded by the SSF and comprised of (i) the Project Implementation Support, Engineering Design and Contract Supervision (PIS), and (ii) the Corporate Development Programme (CDP) services. The project (i) promotes the Green transition quality by reducing CO2 emissions, creating significant water savings, and developing a Green Cities Action Plan, and (ii) supports the Well-Governed transition objective by implementing the CDP and improving the awareness of female students about career opportunities in technical professions in the sector and promote their employment opportunities.European Bank for Reconstruction and DevelopmentDISTRICT HEATING COMPANY OF THE CITY OF DUSHANBEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGDUSHANBE38.53575 68.779052600017.512626280.31DISTRICT HEATING COMPANY OF THE CITY OF DUSHANBE26262.8DISTRICT HEATING COMPANY OF THE CITY OF DUSHANBESTATESTATESTATESTATEThe initial sovereign-guaranteed loan of USD 5.0 million, co-financed by an investment grant of USD 5.0 million from the Shareholder Special Fund (SSF), was signed in 2021 to finance the rehabilitation of district heating (DH) infrastructure in Dushanbe, under the GrCF2W2-Dushanbe District Heating project (Project ID 49375). The PIP included: - Procurement of operational and maintenance equipment and machinery (Lots 1-3). - Installation of 16 smart meters and rehabilitation of 16 DH pumping stations. - Rehabilitation and extension of DH network (Lots 1-2). Due to high inflation that followed the project's technical and economic feasibility assessment, the PIP had to be adjusted based on the results of open procurement process. Specifically, the contracting of Lot 2 of the "Rehabilitation and extension of the DH network" had to be postponed due to the lack of available financing. The additional sovereign-guaranteed loan of up to USD 3.0 million and investment grant of up to USD 3.0 million as an extension to the Project ID 49375 are now required to address cost overruns to achieve the project objectives. The additional funding is an extension of the Bank's first engagement in the DH sector, which was a trigger investment for the City under the Bank's Green Cities programme. The initial project includes technical cooperation (TC) which was funded by the SSF and comprised of (i) the Project Implementation Support, Engineering Design and Contract Supervision (PIS), and (ii) the Corporate Development Programme (CDP) services. The project (i) promotes the Green transition quality by reducing CO2 emissions, creating significant water savings, and developing a Green Cities Action Plan, and (ii) supports the Well-Governed transition objective by implementing the CDP and improving the awareness of female students about career opportunities in technical professions in the sector and promote their employment opportunities. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56738XI-IATI-EBRD-55478European Bank for Reconstruction and DevelopmentThe provision of a 3-year senior loan in the amount of up to US$ 30 million in KZT equivalent to Bank CenterCredit JSC ("BCC") under the EBRD Green Economy Financing Facility Kazakhstan II ("GEFF II", OpId 53502) (the "Project"). The financing will be used for on-lending to eligible private sector sub-borrowers in Kazakhstan for the Green Economy Transition (GET) investments. The Project will allow BCC to support local currency lending to eligible private sector sub-borrowers for investments in climate change mitigation and adaptation technologies. The aim of the Project is to i) scale up FI-intermediated green lending; and ii) further improve BCC' skills in identifying and assessing a wide range of green investment opportunities.European Bank for Reconstruction and DevelopmentBANK CENTERCREDIT JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGALMATY43.25667 76.9286126137923.17BANK CENTERCREDIT JSCPRIVATEPRIVATEPRIVATEThe provision of a 3-year senior loan in the amount of up to US$ 30 million in KZT equivalent to Bank CenterCredit JSC ("BCC") under the EBRD Green Economy Financing Facility Kazakhstan II ("GEFF II", OpId 53502) (the "Project"). The financing will be used for on-lending to eligible private sector sub-borrowers in Kazakhstan for the Green Economy Transition (GET) investments. The Project will allow BCC to support local currency lending to eligible private sector sub-borrowers for investments in climate change mitigation and adaptation technologies. The aim of the Project is to i) scale up FI-intermediated green lending; and ii) further improve BCC' skills in identifying and assessing a wide range of green investment opportunities. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55478XI-IATI-EBRD-52864European Bank for Reconstruction and DevelopmentProvision of a senior secured loan of up to EUR 100 million to be committed in tranches in favour of CEE BIG BV ("CEE BIG" or the "Company"), a limited liability company incorporated in the Netherlands, to finance the development, upgrade and/or acquisitions of modern retail parks and shopping centres in Serbia and the Western Balkans region (the "Project"). The operation will enable the Company to expand its portfolio of modern retail parks and shopping centres in the Western Balkans region.European Bank for Reconstruction and DevelopmentDISTRICT CENTER DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTIRANA41.3275 19.81889PODGORICA42.44111 19.26361BELGRADE44.80401 20.46513100000000DISTRICT CENTER DOOPRIVATEPRIVATEPRIVATEProvision of a senior secured loan of up to EUR 100 million to be committed in tranches in favour of CEE BIG BV ("CEE BIG" or the "Company"), a limited liability company incorporated in the Netherlands, to finance the development, upgrade and/or acquisitions of modern retail parks and shopping centres in Serbia and the Western Balkans region (the "Project"). The operation will enable the Company to expand its portfolio of modern retail parks and shopping centres in the Western Balkans region. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52864XI-IATI-EBRD-56576European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 1.0 million to be provided in one single tranche under the EBRD Western Balkans WiB Phase II programme (WB WiBP II). The project will contribute to women's economic inclusion by supporting women-led MSMEs' access to finance and business advisory services.European Bank for Reconstruction and DevelopmentAGENCY FOR FINANCE IN KOSOVOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPEJA20.28828 42.659131000000AGENCY FOR FINANCE IN KOSOVOPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 1.0 million to be provided in one single tranche under the EBRD Western Balkans WiB Phase II programme (WB WiBP II). The project will contribute to women's economic inclusion by supporting women-led MSMEs' access to finance and business advisory services. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56576XI-IATI-EBRD-56184European Bank for Reconstruction and DevelopmentProvision of senior debt financing to fund the construction and operation of a 100 MWAC solar photovoltaic plant and its associated transmission infrastructure, located in the governorate of Sidi Bouzid in Tunisia (the "Project"). The Project will support private sector participation in the Tunisian power sector and increase the share of renewable energy in the energy mix in line with the nationally declared targets, bringing a strong demonstration effect for the energy transition in a fossil fuel dominated economy. The Project will also support the development of a gender-responsive Skills Development Strategy and implement an outreach campaign focused on increasing women's representation in technical and leadership roles in a traditionally male-dominated energy sector.European Bank for Reconstruction and DevelopmentSCATEC KHOBNA PV POWER SARLEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTUNIS36.81897 10.165793065000030650000SCATEC KHOBNA PV POWER SARLPRIVATEPRIVATEPRIVATEProvision of senior debt financing to fund the construction and operation of a 100 MWAC solar photovoltaic plant and its associated transmission infrastructure, located in the governorate of Sidi Bouzid in Tunisia (the "Project"). The Project will support private sector participation in the Tunisian power sector and increase the share of renewable energy in the energy mix in line with the nationally declared targets, bringing a strong demonstration effect for the energy transition in a fossil fuel dominated economy. The Project will also support the development of a gender-responsive Skills Development Strategy and implement an outreach campaign focused on increasing women's representation in technical and leadership roles in a traditionally male-dominated energy sector. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56184XI-IATI-EBRD-51399European Bank for Reconstruction and DevelopmentThe EBRD invested RON 125 million (EUR 26 million equivalent) in the inaugural senior non-preferred (SNP) bonds issued by Banca Comerciala Romana ("BCR"), as part of a total issuance of RON 600 million. This was the first senior non-preferred bond issuance by a bank in Romania and EBRD's countries of operation, following the implementation of the EU Bank Recovery and Resolution Directive, designed to make banking systems more robust. This would allow the bonds to qualify for minimum requirements for own funds and eligible liabilities (MREL), to be set by the National Bank of Romania for BCR. The bonds have a 7-year maturity and were listed on the Bucharest Stock Exchange. The EBRD further invested RON 735.5 million in the bank's subsequent issuances, all listed on the Bucharest Stock Exchange: - In May 2021 EBRD invested RON 300 million in BCR's second SNP RON 1 billion issuance. - In October 2021 EBRD invested RON 75 million in BCR's first Senior Preferred (SP) as well as first Green Bond issuance under Erste's Green Bond Framework (GBF), aligned with the Green Bond Principles of the International Capital Market Association. Bonds were also listed on Vienna Stock Exchange. - In December 2021 EBRD invested RON 56 million in BCR's third SNP bond issuance. - In March 2022 EBRD invested RON 65 million in BCR's forth SNP bond issuance. - In June 2022 EBRD invested RON 210.5 million in BCR's fifth SNP bond issuance in a Green Bond format. - In October 2022 EBRD invested RON 29 million in BCR's sixth SNP bond issuance. EBRD's total investments stands at RON 860.5 million. With these investments, the EBRD supported the resilience and regulatory compliance of the second largest bank in Romania, as well as contributed to the capital market development of the country. The senior non-preferred and senior preferred bonds facilitate BCR's compliance with regulatory requirements for bail-in-able instruments, support the diversification of the bank's funding base providers and add to BCR's resilience to market or regulatory shocks, ultimately increasing its long-term sustainability. EBRD's participation as a steady investor contributed to the mobilization of local institutional investors, supported BCR in successfully placing the bonds issuances and helped deliver under the Bank's green agenda in the country and under the national green economy priorities.European Bank for Reconstruction and DevelopmentBANCA COMERCIALA ROMANA SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUCHAREST44.43225 26.1062623859310.24BANCA COMERCIALA ROMANA SAPRIVATEPRIVATEPRIVATEThe EBRD invested RON 125 million (EUR 26 million equivalent) in the inaugural senior non-preferred (SNP) bonds issued by Banca Comerciala Romana ("BCR"), as part of a total issuance of RON 600 million. This was the first senior non-preferred bond issuance by a bank in Romania and EBRD's countries of operation, following the implementation of the EU Bank Recovery and Resolution Directive, designed to make banking systems more robust. This would allow the bonds to qualify for minimum requirements for own funds and eligible liabilities (MREL), to be set by the National Bank of Romania for BCR. The bonds have a 7-year maturity and were listed on the Bucharest Stock Exchange. The EBRD further invested RON 735.5 million in the bank's subsequent issuances, all listed on the Bucharest Stock Exchange: - In May 2021 EBRD invested RON 300 million in BCR's second SNP RON 1 billion issuance. - In October 2021 EBRD invested RON 75 million in BCR's first Senior Preferred (SP) as well as first Green Bond issuance under Erste's Green Bond Framework (GBF), aligned with the Green Bond Principles of the International Capital Market Association. Bonds were also listed on Vienna Stock Exchange. - In December 2021 EBRD invested RON 56 million in BCR's third SNP bond issuance. - In March 2022 EBRD invested RON 65 million in BCR's forth SNP bond issuance. - In June 2022 EBRD invested RON 210.5 million in BCR's fifth SNP bond issuance in a Green Bond format. - In October 2022 EBRD invested RON 29 million in BCR's sixth SNP bond issuance. EBRD's total investments stands at RON 860.5 million. With these investments, the EBRD supported the resilience and regulatory compliance of the second largest bank in Romania, as well as contributed to the capital market development of the country. The senior non-preferred and senior preferred bonds facilitate BCR's compliance with regulatory requirements for bail-in-able instruments, support the diversification of the bank's funding base providers and add to BCR's resilience to market or regulatory shocks, ultimately increasing its long-term sustainability. EBRD's participation as a steady investor contributed to the mobilization of local institutional investors, supported BCR in successfully placing the bonds issuances and helped deliver under the Bank's green agenda in the country and under the national green economy priorities. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51399XI-IATI-EBRD-47318European Bank for Reconstruction and DevelopmentEBRD investment will be conditioned upon an agreed plan for a comprehensive program of reforms of the Company and of the sector which will have a significant impact on the development, management and operational efficiency of the power infrastructure in Serbia. The loan proceeds will be used to restructure and refinance expensive short to medium-term financial debt which EPS has entered into on an emergency basis with commercial banks in order to alleviate the deteriorating cash situation created by the unprecedented and catastrophic floods in Serbia in 2014. The Bank expects to lengthen the tenors and provide terms more consistent with EPS's operations.European Bank for Reconstruction and DevelopmentELEKTROPRIVREDA SRBIJE BELGRADE JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.46513200000000ELEKTROPRIVREDA SRBIJE BELGRADE JSC2000000ELEKTROPRIVREDA SRBIJE BELGRADE JSC198000000ELEKTROPRIVREDA SRBIJE BELGRADE JSCSTATESTATESTATESTATEEBRD investment will be conditioned upon an agreed plan for a comprehensive program of reforms of the Company and of the sector which will have a significant impact on the development, management and operational efficiency of the power infrastructure in Serbia. The loan proceeds will be used to restructure and refinance expensive short to medium-term financial debt which EPS has entered into on an emergency basis with commercial banks in order to alleviate the deteriorating cash situation created by the unprecedented and catastrophic floods in Serbia in 2014. The Bank expects to lengthen the tenors and provide terms more consistent with EPS's operations. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47318XI-IATI-EBRD-54952European Bank for Reconstruction and DevelopmentAn equity investment of up to USD 15 million in Revo Capital Fund III C.V. (the "Fund"). The project will form part of the Bank's Early-Stage Innovation Facility II ("ESIF II"), a EUR 200 million facility through which the EBRD selectively invests in commercially-oriented venture capital funds. The Fund will make equity and equity related investments in early-stage technology companies primarily in Türkiye and selected countries in Central and Eastern Europe (collectively the "Target Region").European Bank for Reconstruction and DevelopmentREVO CAPITAL FUND III CVEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSOFIA42.69751 23.32415ATHENS37.98376 23.72784VILNIUS54.68916 25.2798RIGA56.946 24.10589WARSAW52.22977 21.01178BUCHAREST44.43225 26.10626BELGRADE44.80401 20.46513LJUBLJANA46.05108 14.50513ANKARA39.91987 32.85427KYIV50.45466 30.523810659476.713094073.6REVO CAPITAL FUND III CVPRIVATEPRIVATEPRIVATEAn equity investment of up to USD 15 million in Revo Capital Fund III C.V. (the "Fund"). The project will form part of the Bank's Early-Stage Innovation Facility II ("ESIF II"), a EUR 200 million facility through which the EBRD selectively invests in commercially-oriented venture capital funds. The Fund will make equity and equity related investments in early-stage technology companies primarily in Türkiye and selected countries in Central and Eastern Europe (collectively the "Target Region"). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54952XI-IATI-EBRD-53952European Bank for Reconstruction and DevelopmentProvision of long term funding in the amount of EUR 42 million to Cersanit S.A. (the "Company") to complete multiple investments both in Ukraine and Poland as well as actively manage working capital needs (the "Project"). The Project is approved under € 2bn Resilience and Livelihoods Framework ("RLF") with ultimate aim of helping citizens, companies and countries affected by the war on Ukraine. Further details can be found here: https://www.ebrd.com/news/2022/ebrd-unveils-2-billion-resilience-package-in-response-to-the-war-on-ukraine-.html This project was approved in the context of the Bank's response to the Russian-led invasion of Ukrainian territory in February 2022. To avoid delays to the delivery of this project, the Bank's President granted a deviation from the ordinary timelines for PSD disclosure, as contemplated by Section V of the Directive on Access to Information. Details of this deviation, and the Bank's response to this situation, can be found on our website. The project represents EBRD support to a leading ceramic tile and sanitaryware manufacturer that is expected to play an instrumental role in the reconstruction of damaged infrastructure in Ukraine. In addition the project will address the adversities faced by the Company through expansion and reconstruction of assets ultimately aimed at compensating the impact of (i) the divestment of the Russian operations, (ii) the war on Ukraine and (iii) a fire at one of its key facilities in Poland that have affected the company's operations, liquidity and its human capital resilience.European Bank for Reconstruction and DevelopmentCERSANIT SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.01178KYIV50.45466 30.523842000000CERSANIT SAPRIVATEPRIVATEPRIVATEProvision of long term funding in the amount of EUR 42 million to Cersanit S.A. (the "Company") to complete multiple investments both in Ukraine and Poland as well as actively manage working capital needs (the "Project"). The Project is approved under € 2bn Resilience and Livelihoods Framework ("RLF") with ultimate aim of helping citizens, companies and countries affected by the war on Ukraine. Further details can be found here: https://www.ebrd.com/news/2022/ebrd-unveils-2-billion-resilience-package-in-response-to-the-war-on-ukraine-.html This project was approved in the context of the Bank's response to the Russian-led invasion of Ukrainian territory in February 2022. To avoid delays to the delivery of this project, the Bank's President granted a deviation from the ordinary timelines for PSD disclosure, as contemplated by Section V of the Directive on Access to Information. Details of this deviation, and the Bank's response to this situation, can be found on our website. The project represents EBRD support to a leading ceramic tile and sanitaryware manufacturer that is expected to play an instrumental role in the reconstruction of damaged infrastructure in Ukraine. In addition the project will address the adversities faced by the Company through expansion and reconstruction of assets ultimately aimed at compensating the impact of (i) the divestment of the Russian operations, (ii) the war on Ukraine and (iii) a fire at one of its key facilities in Poland that have affected the company's operations, liquidity and its human capital resilience. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53952XI-IATI-EBRD-51372European Bank for Reconstruction and DevelopmentFollow-on investment in the Company as part of Venture Capital Investment Programme II (VCIP II). The Company is seeking funding to expand product development and sales efforts.European Bank for Reconstruction and DevelopmentCAUSALY INCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATHENS37.98376 23.727846318786.65CAUSALY INCPRIVATEPRIVATEPRIVATEFollow-on investment in the Company as part of Venture Capital Investment Programme II (VCIP II). The Company is seeking funding to expand product development and sales efforts. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51372XI-IATI-EBRD-55952European Bank for Reconstruction and DevelopmentA senior unsecured loan to JSC TBC Bank ("TBC") in the amount of up to USD 120 million equivalent in local currency for on-lending to private micro, small and medium enterprises ("MSMEs") in Georgia. The project will enhance access to finance for local private MSMEs, expanding regional outreach, promoting local currency lending, and allocating 30% to support green investments.European Bank for Reconstruction and DevelopmentTBC BANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTBILISI41.69411 44.83368105956327.07TBC BANK JSCPRIVATEPRIVATEPRIVATEA senior unsecured loan to JSC TBC Bank ("TBC") in the amount of up to USD 120 million equivalent in local currency for on-lending to private micro, small and medium enterprises ("MSMEs") in Georgia. The project will enhance access to finance for local private MSMEs, expanding regional outreach, promoting local currency lending, and allocating 30% to support green investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55952XI-IATI-EBRD-56025European Bank for Reconstruction and DevelopmentTo date EBRD invested a total of EUR 110 million in three bonds placed by PKO BP S.A. Powszechna Kasa Oszczednosci Bank Polski S.A.: - In July 2025, EUR 30 million in senior non-preferred bonds as part of 500 million bail-in-able Green Bond issuance with maturity of 6 years and a call option in 5-years' time. The bonds were listed on the Luxemburg and Warsaw Stock Exchanges. - In September 2025, EUR 55 million (PLN 235 million) in Tier 2 bonds as part of EUR 470 million (PLN 2 billion) local currency issuance with maturity of 10 years and a call option in 5-years' time. The bonds were listed on the Warsaw Stock Exchanges. - In November 2025, EUR 25 million in senior non-preferred bonds as part of EUR 500 million bail-in-able Green Bond issuance with maturity of 7 years and a call option in 6-years' time. The bonds were listed on the Luxemburg and Warsaw Stock Exchanges. The operation aims to advance climate practices of the largest Polish banking group and facilitate its resilience against impacts of climate change as well as climate mitigation.European Bank for Reconstruction and DevelopmentPKO BP SA POWSZECHNA KASA OSZCZEDNOSCI BANK POLSKIEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.01178164677815.05PKO BP SA POWSZECHNA KASA OSZCZEDNOSCI BANK POLSKIPRIVATEPRIVATEPRIVATETo date EBRD invested a total of EUR 110 million in three bonds placed by PKO BP S.A. Powszechna Kasa Oszczednosci Bank Polski S.A.: - In July 2025, EUR 30 million in senior non-preferred bonds as part of 500 million bail-in-able Green Bond issuance with maturity of 6 years and a call option in 5-years' time. The bonds were listed on the Luxemburg and Warsaw Stock Exchanges. - In September 2025, EUR 55 million (PLN 235 million) in Tier 2 bonds as part of EUR 470 million (PLN 2 billion) local currency issuance with maturity of 10 years and a call option in 5-years' time. The bonds were listed on the Warsaw Stock Exchanges. - In November 2025, EUR 25 million in senior non-preferred bonds as part of EUR 500 million bail-in-able Green Bond issuance with maturity of 7 years and a call option in 6-years' time. The bonds were listed on the Luxemburg and Warsaw Stock Exchanges. The operation aims to advance climate practices of the largest Polish banking group and facilitate its resilience against impacts of climate change as well as climate mitigation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56025XI-IATI-EBRD-52433European Bank for Reconstruction and DevelopmentProvision of a three-year senior unsecured loan of up to EUR 15 million to Mobiasbanca - OTP Group ("Mobiasbanca") under the SME Competitiveness Programme in the Eastern Partnership for on-lending to eligible micro, small and medium enterprises (MSMEs). The loan will be available in three tranches of EUR 5 million each. In addition to long-term financing, eligible sub-borrowers will receive technical assistance funded by the European Union and grant support in the form of investment incentives upon the completion of their investment projects. This project was approved in the context of the Bank's response to the Covid-19 pandemic. To avoid delays to the delivery of this project, the Bank's President granted a deviation from the ordinary timelines for PSD disclosure, as contemplated by Section V of the Directive on Access to Information. Details of the Bank's response to Covid-19 and this deviation can be found on our website. The SME Competitiveness Programme in the Eastern Partnership is a follow-on facility of the existing FI DCFTA Blended Finance Programme (DCFTA), designed for Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine to support upgrades in micro, small and medium-sized enterprises (MSME) to European Union (EU) standards. The proposed project will enable Mobiasbanca to extend loans for investment purposes to local SMEs, financing upgrades of technology and equipment necessary to meet EU standards in terms of product quality, health and safety measures and environmental preservation and thus will help businesses to become greener and more competitive.European Bank for Reconstruction and DevelopmentOTP BANK SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCHISINAU47.00556 28.857515000000OTP BANK SAPRIVATEPRIVATEPRIVATEProvision of a three-year senior unsecured loan of up to EUR 15 million to Mobiasbanca - OTP Group ("Mobiasbanca") under the SME Competitiveness Programme in the Eastern Partnership for on-lending to eligible micro, small and medium enterprises (MSMEs). The loan will be available in three tranches of EUR 5 million each. In addition to long-term financing, eligible sub-borrowers will receive technical assistance funded by the European Union and grant support in the form of investment incentives upon the completion of their investment projects. This project was approved in the context of the Bank's response to the Covid-19 pandemic. To avoid delays to the delivery of this project, the Bank's President granted a deviation from the ordinary timelines for PSD disclosure, as contemplated by Section V of the Directive on Access to Information. Details of the Bank's response to Covid-19 and this deviation can be found on our website. The SME Competitiveness Programme in the Eastern Partnership is a follow-on facility of the existing FI DCFTA Blended Finance Programme (DCFTA), designed for Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine to support upgrades in micro, small and medium-sized enterprises (MSME) to European Union (EU) standards. The proposed project will enable Mobiasbanca to extend loans for investment purposes to local SMEs, financing upgrades of technology and equipment necessary to meet EU standards in terms of product quality, health and safety measures and environmental preservation and thus will help businesses to become greener and more competitive. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52433XI-IATI-EBRD-56204European Bank for Reconstruction and DevelopmentThe provision of a €70 million senior long-term loan to a food retailer Studenac d.o.o. (Studenac) for investments in operational improvements and refurbishments of the retail network, acquisitions of selected food retail chains, and refinancing of the company's existing loans. The loan will support the company in its expansion efforts as well as expected to bring further efficiency and profitability improvements. Furthermore, the loan will facilitate a new financing structure which will support continued dynamic growth of Studenac.European Bank for Reconstruction and DevelopmentSTUDENAC DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGOMIS43.44472 16.688611750000070000000STUDENAC DOOPRIVATEPRIVATEPRIVATEThe provision of a €70 million senior long-term loan to a food retailer Studenac d.o.o. (Studenac) for investments in operational improvements and refurbishments of the retail network, acquisitions of selected food retail chains, and refinancing of the company's existing loans. The loan will support the company in its expansion efforts as well as expected to bring further efficiency and profitability improvements. Furthermore, the loan will facilitate a new financing structure which will support continued dynamic growth of Studenac. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56204XI-IATI-EBRD-52878European Bank for Reconstruction and DevelopmentA senior unsecured AZN loan to be provided under the Financial Intermediaries Framework ("FIF") in the amount of up to USD 9.5 mln equivalent (EUR 7.96 mln) in favour of Bank Respublika. The project is implemented under Financial Institutions Framework with proceeds to be used for on-lending to private agricultural micro-, small and medium sized enterprises (MSMEs) in Azerbaijan in accordance with the FIF Policy Statement. The transaction will support the leading private bank in Azerbaijan through (i) diversification of its funding structure with medium-term LCY resources and (ii) support of its MSME portfolio growth in the agricultural sector.European Bank for Reconstruction and DevelopmentBANK RESPUBLIKA OJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBAKU40.37767 49.892018316554.32BANK RESPUBLIKA OJSCPRIVATEPRIVATEPRIVATEA senior unsecured AZN loan to be provided under the Financial Intermediaries Framework ("FIF") in the amount of up to USD 9.5 mln equivalent (EUR 7.96 mln) in favour of Bank Respublika. The project is implemented under Financial Institutions Framework with proceeds to be used for on-lending to private agricultural micro-, small and medium sized enterprises (MSMEs) in Azerbaijan in accordance with the FIF Policy Statement. The transaction will support the leading private bank in Azerbaijan through (i) diversification of its funding structure with medium-term LCY resources and (ii) support of its MSME portfolio growth in the agricultural sector. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52878XI-IATI-EBRD-51870European Bank for Reconstruction and DevelopmentThe provision of a senior loan of up to PLN 258.5 million, equivalent to € 54.6 million, in favour of PPP Solutions Polska 2 Sp. z o.o. (the SPV, or the Borrower), a special purpose vehicle established for the sole purpose of developing and implementing the 4th phase of the Krakow Fast Tramway, under a private public partnership (PPP) granted by the City of Krakow. The Project involves the development, construction and maintenance of the 4th phase of the Krakow Fast Tramway including (i) the construction of a 4.5 km new twin track, (ii) the extension of the existing tramline loop Mistrzejowice, (iii) the construction of a tunnel (approx. 0.9 km), (iv) the redevelopment of the existing road scheme (approx. 10.3 km), and (v) the development / redevelopment of associated infrastructure. The Project aims to connect two existing tramlines in the northern part of the city centre passing through two residential districts, with an objective to increase services and improve the integration of public transport as an efficient and more sustainable alternative to passenger car traffic. Once operational, the tram track is expected to lead to a capacity increase of 40 trams per hour in both directions (in total about 556 tram passages per day). The Project is expected to result in environmental and social benefits for the residents of Krakow by reducing the level of emissions from the transport system. Additionally, complementary infrastructure in line with the city's sustainable transport strategy will be developed as part of the Project to promote other sustainable forms of travel such as walking and cycling.European Bank for Reconstruction and DevelopmentPPP SOLUTIONS POLSKA 2 SP ZOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKRAKOW50.06143 19.936585610075.7460139348.62PPP SOLUTIONS POLSKA 2 SP ZOOPRIVATEPRIVATEPRIVATEThe provision of a senior loan of up to PLN 258.5 million, equivalent to € 54.6 million, in favour of PPP Solutions Polska 2 Sp. z o.o. (the SPV, or the Borrower), a special purpose vehicle established for the sole purpose of developing and implementing the 4th phase of the Krakow Fast Tramway, under a private public partnership (PPP) granted by the City of Krakow. The Project involves the development, construction and maintenance of the 4th phase of the Krakow Fast Tramway including (i) the construction of a 4.5 km new twin track, (ii) the extension of the existing tramline loop Mistrzejowice, (iii) the construction of a tunnel (approx. 0.9 km), (iv) the redevelopment of the existing road scheme (approx. 10.3 km), and (v) the development / redevelopment of associated infrastructure. The Project aims to connect two existing tramlines in the northern part of the city centre passing through two residential districts, with an objective to increase services and improve the integration of public transport as an efficient and more sustainable alternative to passenger car traffic. Once operational, the tram track is expected to lead to a capacity increase of 40 trams per hour in both directions (in total about 556 tram passages per day). The Project is expected to result in environmental and social benefits for the residents of Krakow by reducing the level of emissions from the transport system. Additionally, complementary infrastructure in line with the city's sustainable transport strategy will be developed as part of the Project to promote other sustainable forms of travel such as walking and cycling. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51870XI-IATI-EBRD-54491European Bank for Reconstruction and DevelopmentSenior unsecured loan to Armeconombank in the amount of up to USD 10 million in local currency under the Financial Intermediaries Framework ("FIF") for on-lending to private micro, small and medium enterprises ("MSMEs") in Armenia. The project will improve access to finance for SMEs, which are the main source of employment in the private sector and a major contributor to the economy in Armenia. The loan will enable Armeconombank to increase outreach and meet unsatisfied demand for longer term funding from MSMEs. The focus will also be on lending in the regions outside the capital and attracting new MSME clients. Moreover, the bank will aim to on-lend the proceeds of the loan to women-led MSME's, promoting economic inclusion of female entrepreneurs.European Bank for Reconstruction and DevelopmentARMENIAN ECONOMY DEVELOPMENT BANK OJSC (ARMECONOMBANK)European Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYEREVAN40.18111 44.513619307726.47ARMENIAN ECONOMY DEVELOPMENT BANK OJSC (ARMECONOMBANK)PRIVATEPRIVATEPRIVATESenior unsecured loan to Armeconombank in the amount of up to USD 10 million in local currency under the Financial Intermediaries Framework ("FIF") for on-lending to private micro, small and medium enterprises ("MSMEs") in Armenia. The project will improve access to finance for SMEs, which are the main source of employment in the private sector and a major contributor to the economy in Armenia. The loan will enable Armeconombank to increase outreach and meet unsatisfied demand for longer term funding from MSMEs. The focus will also be on lending in the regions outside the capital and attracting new MSME clients. Moreover, the bank will aim to on-lend the proceeds of the loan to women-led MSME's, promoting economic inclusion of female entrepreneurs. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54491XI-IATI-EBRD-53008European Bank for Reconstruction and DevelopmentThe provision of a long-term loan of up to € 25 million equivalent (in US dollars) to Volta Energy Solutions Hungary Kft, a majority owned subsidiary of Solus Advanced Materials Co, LTD, for the construction of a ultra-thin copper foil factory for electric vehicle (EV) batteries in Tatabanya, Hungary. The Project supports Solus Advanced Materials' investment plan to construct an ultra-thin EV battery copper foil factory in Hungary in order to supply major EV battery producers in Europe.European Bank for Reconstruction and DevelopmentVOLTA ENERGY SOLUTIONS HUNGARY KFTEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUDAPEST47.49835 19.0404524511949.58VOLTA ENERGY SOLUTIONS HUNGARY KFTPRIVATEPRIVATEPRIVATEThe provision of a long-term loan of up to € 25 million equivalent (in US dollars) to Volta Energy Solutions Hungary Kft, a majority owned subsidiary of Solus Advanced Materials Co, LTD, for the construction of a ultra-thin copper foil factory for electric vehicle (EV) batteries in Tatabanya, Hungary. The Project supports Solus Advanced Materials' investment plan to construct an ultra-thin EV battery copper foil factory in Hungary in order to supply major EV battery producers in Europe. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53008XI-IATI-EBRD-53030European Bank for Reconstruction and DevelopmentParticipation of EUR 25 million in the up to 10-year tranches of a EUR 350 million ESG-linked Schuldschein issuance by Fritz Draexlmaier GmbH & Co. KG, a German mittelstand company operating in the automotive sector with strong presence in the EBRD's countries of operations. The Bank's financing will go towards e-mobility linked (GET) investments in Romania, Moldova and North Macedonia. This is in addition to supporting the ESG goals of the issuance which are supported by all investors and which are expressed as sustainability KPIs monitored at group level.European Bank for Reconstruction and DevelopmentDRAXLMAIER GROUP SE AND CO KGEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCHISINAU47.00556 28.8575SKOPJE41.99646 21.43141BUCHAREST44.43225 26.1062625000000DRAXLMAIER GROUP SE AND CO KGPRIVATEPRIVATEPRIVATEParticipation of EUR 25 million in the up to 10-year tranches of a EUR 350 million ESG-linked Schuldschein issuance by Fritz Draexlmaier GmbH & Co. KG, a German mittelstand company operating in the automotive sector with strong presence in the EBRD's countries of operations. The Bank's financing will go towards e-mobility linked (GET) investments in Romania, Moldova and North Macedonia. This is in addition to supporting the ESG goals of the issuance which are supported by all investors and which are expressed as sustainability KPIs monitored at group level. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53030XI-IATI-EBRD-51062European Bank for Reconstruction and DevelopmentInvestment in Polish zloty-denominated bonds for an amount of PLN 400 million (EUR 93 million) as part of a total aggregate issuance of PLN 2 billion (EUR 466m) by KGHM Polska Miedz S.A. ("KGHM" or the "Issuer"), a public company incorporated in Poland. The proceeds from EBRD investment will finance projects which will result in improved energy efficiency and reduced CO2 emissions where saving are expected to be over 61 thousand tonnes per year. All the investments are consistent with the Bank's Green Economy Transition Approach. In addition, the transaction will contribute to further development of the capital market of the country.European Bank for Reconstruction and DevelopmentKGHM POLSKA MIEDZ SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGLUBIN52.93653 19.1086693068621.36KGHM POLSKA MIEDZ SAPRIVATEPRIVATEPRIVATEInvestment in Polish zloty-denominated bonds for an amount of PLN 400 million (EUR 93 million) as part of a total aggregate issuance of PLN 2 billion (EUR 466m) by KGHM Polska Miedz S.A. ("KGHM" or the "Issuer"), a public company incorporated in Poland. The proceeds from EBRD investment will finance projects which will result in improved energy efficiency and reduced CO2 emissions where saving are expected to be over 61 thousand tonnes per year. All the investments are consistent with the Bank's Green Economy Transition Approach. In addition, the transaction will contribute to further development of the capital market of the country. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51062XI-IATI-EBRD-53422European Bank for Reconstruction and DevelopmentOn 12 July 2022, the EBRD invested EUR 46 million in 3NC2 senior preferred bonds issued by Nova Ljubljanska banka d.d. ("NLB"), a commercial bank incorporated in Slovenia, as a part of its EUR 300 million public bond issuance. On 21 November 2022, EBRD invested further EUR 40 million in 10NC5 Tier2-eligible subordinated bonds, as a part of NLB's EUR 225 million public issuance that was listed on the Luxembourg Stock Exchange. On 27 June 2023, the EBRD invested EUR 35 million in 4NC3 senior preferred green bond ('SP GB'), as a part of NLB's EUR 500 million debut benchmark public issuance. The bonds are listed on the Luxembourg Stock Exchange. On the 24 January 2024, the EBRD invested EUR 15 million in 10NC5 Tier2-eligible subordinated bonds, as a part of NLB's EUR 300 million public issuance that was listed on the Luxembourg Stock Exchange. On 29 May 2024, the EBRD invested EUR 20 million in 6NC5 senior preferred bonds as a part of NLB's EUR 500 million public issuance. The bonds are listed on the Luxembourg Stock Exchange. On 21 January 2025, the EBRD invested EUR 17.5 million in 4NC3 senior preferred bonds as a part of NLB's EUR 500 million public issuance. The bonds are listed on the Luxembourg Stock Exchange. The project supports the resilience and regulatory compliance of the largest bank in Slovenia, helps deepening the capital markets and delivers on the Bank's green agenda and national green economy priorities for Slovenia.European Bank for Reconstruction and DevelopmentNOVA LJUBLJANSKA BANKA DDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGLJUBLJANA46.05108 14.50513173500000NOVA LJUBLJANSKA BANKA DDPRIVATEPRIVATEPRIVATEOn 12 July 2022, the EBRD invested EUR 46 million in 3NC2 senior preferred bonds issued by Nova Ljubljanska banka d.d. ("NLB"), a commercial bank incorporated in Slovenia, as a part of its EUR 300 million public bond issuance. On 21 November 2022, EBRD invested further EUR 40 million in 10NC5 Tier2-eligible subordinated bonds, as a part of NLB's EUR 225 million public issuance that was listed on the Luxembourg Stock Exchange. On 27 June 2023, the EBRD invested EUR 35 million in 4NC3 senior preferred green bond ('SP GB'), as a part of NLB's EUR 500 million debut benchmark public issuance. The bonds are listed on the Luxembourg Stock Exchange. On the 24 January 2024, the EBRD invested EUR 15 million in 10NC5 Tier2-eligible subordinated bonds, as a part of NLB's EUR 300 million public issuance that was listed on the Luxembourg Stock Exchange. On 29 May 2024, the EBRD invested EUR 20 million in 6NC5 senior preferred bonds as a part of NLB's EUR 500 million public issuance. The bonds are listed on the Luxembourg Stock Exchange. On 21 January 2025, the EBRD invested EUR 17.5 million in 4NC3 senior preferred bonds as a part of NLB's EUR 500 million public issuance. The bonds are listed on the Luxembourg Stock Exchange. The project supports the resilience and regulatory compliance of the largest bank in Slovenia, helps deepening the capital markets and delivers on the Bank's green agenda and national green economy priorities for Slovenia. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53422XI-IATI-EBRD-54703European Bank for Reconstruction and DevelopmentThe EBRD financing will support the establishment of a Customs and Logistics Center ("CLC") in the Syunik region ("Syunik CLC", "Syunik Centre") by financing the construction of customs terminal buildings and the acquisition of relevant equipment (the "Project"). The investment is expected to qualify for the Green building certification, resulting in Syunik CLC, along with similar centre in Yerevan, being one of the first government buildings to achieve such certification. The Syunik Centre is expected to increase efficiency and transparency of customs operations, improve the quality and introduce time reductions required for customs clearance services through the application of the "One Stop Shop / Single Window" concept. The Project is included under the EU Global Gateways, and it is aligned with the EU Flagship Initiatives for Armenia under the EU's Economic and Investment Plan, namely Flagship No. 4("Building Resilience in the Southern Regions of Armenia"), which aim to contribute to the sustainable socioeconomic and institutional development of Syunik region, Armenia's southern and less connected area. The Project is also a part of EBRD's response for Armenia's refugee crisis, as it will contribute towards resilience of the most impacted southern region of Syunik.European Bank for Reconstruction and DevelopmentARMENIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYEREVAN40.18111 44.51361990000010000000ARMENIA SOVEREIGN100000ARMENIA SOVEREIGNSTATESTATESTATESTATEThe EBRD financing will support the establishment of a Customs and Logistics Center ("CLC") in the Syunik region ("Syunik CLC", "Syunik Centre") by financing the construction of customs terminal buildings and the acquisition of relevant equipment (the "Project"). The investment is expected to qualify for the Green building certification, resulting in Syunik CLC, along with similar centre in Yerevan, being one of the first government buildings to achieve such certification. The Syunik Centre is expected to increase efficiency and transparency of customs operations, improve the quality and introduce time reductions required for customs clearance services through the application of the "One Stop Shop / Single Window" concept. The Project is included under the EU Global Gateways, and it is aligned with the EU Flagship Initiatives for Armenia under the EU's Economic and Investment Plan, namely Flagship No. 4("Building Resilience in the Southern Regions of Armenia"), which aim to contribute to the sustainable socioeconomic and institutional development of Syunik region, Armenia's southern and less connected area. The Project is also a part of EBRD's response for Armenia's refugee crisis, as it will contribute towards resilience of the most impacted southern region of Syunik. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54703XI-IATI-EBRD-55542European Bank for Reconstruction and DevelopmentThe Project involves the development, construction, and operation of a solar PV portfolio comprising four solar power plants (SPPs), with a total capacity of 329MW in Latvia. The Borrower, Sunly Holding 2 SIA, is a limited liability company incorporated in Latvia specifically for holding the respective Project SPVs. Sunly Holding 2 SIA is fully owned by Sunly AS (Sunly), a renewable energy developer and independent power producer based in Estonia, operating across the Baltic countries and Poland. The Project will contribute to climate mitigation by adding 329MW solar generation capacity to Latvia's national energy system. Renewable energy is critical to Latvia's commitment to achieving climate neutrality by 2050. The additional capacity to Latvia's grid will enable the Project to accelerate the expansion of the country's solar sector, complementing existing hydropower generation by providing peak output during the summer months. Importantly, the Project will also foster greater private sector participation in a market largely dominated by state-owned entities.European Bank for Reconstruction and DevelopmentSUNLY HOLDING 2 SIAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGRIGA56.946 24.105899713427.6835201639.13SUNLY HOLDING 2 SIAPRIVATEPRIVATEPRIVATEThe Project involves the development, construction, and operation of a solar PV portfolio comprising four solar power plants (SPPs), with a total capacity of 329MW in Latvia. The Borrower, Sunly Holding 2 SIA, is a limited liability company incorporated in Latvia specifically for holding the respective Project SPVs. Sunly Holding 2 SIA is fully owned by Sunly AS (Sunly), a renewable energy developer and independent power producer based in Estonia, operating across the Baltic countries and Poland. The Project will contribute to climate mitigation by adding 329MW solar generation capacity to Latvia's national energy system. Renewable energy is critical to Latvia's commitment to achieving climate neutrality by 2050. The additional capacity to Latvia's grid will enable the Project to accelerate the expansion of the country's solar sector, complementing existing hydropower generation by providing peak output during the summer months. Importantly, the Project will also foster greater private sector participation in a market largely dominated by state-owned entities. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55542XI-IATI-EBRD-55179European Bank for Reconstruction and DevelopmentA senior unsecured loan under Eastern Partnership SME Competitiveness and Inclusion Programme (EaP SMECI) in the amount of up to USD 7.5m (EUR 6.9m) in favour of Bank Respublika. Through the SMECI credit line and accompanying financial and advisory support under this framework, BR will prompt MSMEs transition to improved standards in line with EU directives, also promoting green transition in regions and pari-urban areas (often lagging behind due to lower available liquidity and price pressure associated with a more advanced equipment/technologies) with focus on GET eligible technologies, aiming to comprise 70% of financed sub-loan portfolio, in line with the Programme terms.European Bank for Reconstruction and DevelopmentBANK RESPUBLIKA OJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBAKU40.37767 49.892016565700.78BANK RESPUBLIKA OJSCPRIVATEPRIVATEPRIVATEA senior unsecured loan under Eastern Partnership SME Competitiveness and Inclusion Programme (EaP SMECI) in the amount of up to USD 7.5m (EUR 6.9m) in favour of Bank Respublika. Through the SMECI credit line and accompanying financial and advisory support under this framework, BR will prompt MSMEs transition to improved standards in line with EU directives, also promoting green transition in regions and pari-urban areas (often lagging behind due to lower available liquidity and price pressure associated with a more advanced equipment/technologies) with focus on GET eligible technologies, aiming to comprise 70% of financed sub-loan portfolio, in line with the Programme terms. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55179XI-IATI-EBRD-50391European Bank for Reconstruction and DevelopmentProvision of long term financing to support the financial restructuring of concession of Zagreb Airport, Croatia's main airport. The Bank's financing would contribute towards the strengthening of the balance sheet structure of the company as part of a wider refinancing package, with a view to ensuring the airport's financial sustainability in the longer term.European Bank for Reconstruction and DevelopmentMEDUNARODNA ZRACNA LUKA ZAGREB DDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGZAGREB45.81444 15.97798405349257786842MEDUNARODNA ZRACNA LUKA ZAGREB DDPRIVATEPRIVATEPRIVATEProvision of long term financing to support the financial restructuring of concession of Zagreb Airport, Croatia's main airport. The Bank's financing would contribute towards the strengthening of the balance sheet structure of the company as part of a wider refinancing package, with a view to ensuring the airport's financial sustainability in the longer term. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50391XI-IATI-EBRD-54102European Bank for Reconstruction and DevelopmentThe proposed transaction is an equity commitment of up to EUR 40 million in favour of AMC V SCA SICAV-RAIF (the "Fund"). The Fund will make structured debt and equity related investments in established and growing mid-market companies across Central and Eastern Europe, with the objective of achieving long-term capital appreciation.European Bank for Reconstruction and DevelopmentAMC V SCA SICAV-RAIFEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSOFIA42.69751 23.32415ZAGREB45.81444 15.97798VILNIUS54.68916 25.2798RIGA56.946 24.10589WARSAW52.22977 21.01178BUCHAREST44.43225 26.10626BELGRADE44.80401 20.465135575708.7140000000AMC V SCA SICAV-RAIFPRIVATEPRIVATEPRIVATEThe proposed transaction is an equity commitment of up to EUR 40 million in favour of AMC V SCA SICAV-RAIF (the "Fund"). The Fund will make structured debt and equity related investments in established and growing mid-market companies across Central and Eastern Europe, with the objective of achieving long-term capital appreciation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54102XI-IATI-EBRD-45956European Bank for Reconstruction and DevelopmentThe provision of a sovereign loan increase of up to EUR 6 million to finance the funding gap for the construction of an EU-compliant regional sanitary landfill in Kvemo Kartli region and the purchase of specialised equipment for related landfill operations (the "Project"). The loan was originally signed in 2015 in the amount of EUR 7 million (in two tranches) to finance the construction of the Kvemo Kartli landfill and specialised equipment, which continues to be financed by EBRD, and relevant infrastructure in Marneuli municipality, which will now be financed by the Government of Georgia. Based on updated scope, the EBRD financing is provided in two tranches: EUR 4.3 million from the original loan provided in 2015 and EUR 6 million from the loan increase provided in 2024. The Project aims to introduce a modern solid waste management system covering the collection and EU-compliant disposal of municipal solid waste and is expected to provide major environmental and social benefits for approximately 300,000 people in the Kvemo Kartli region. The Project is part of the National Waste Management Strategy Action Plan and is a part of a broader programme aiming to assist the country to meet its obligations under the European Union Association Agreement, signed between Georgia and the EU in 2014, which includes obligations to improve solid waste management in the country.European Bank for Reconstruction and DevelopmentGEORGIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTBILISI41.69411 44.833681481349.2810300000GEORGIA SOVEREIGN43000GEORGIA SOVEREIGN148849.5GEORGIA SOVEREIGN114008.4GEORGIA SOVEREIGN154588.7GEORGIA SOVEREIGN51003.8GEORGIA SOVEREIGN27714.6GEORGIA SOVEREIGN2170097.73GEORGIA SOVEREIGN353106.32GEORGIA SOVEREIGN60000GEORGIA SOVEREIGN50000GEORGIA SOVEREIGN28618.54GEORGIA SOVEREIGN532074.04GEORGIA SOVEREIGN187500GEORGIA SOVEREIGN600025.39GEORGIA SOVEREIGN355986.01GEORGIA SOVEREIGN50000GEORGIA SOVEREIGN768202.64GEORGIA SOVEREIGN707901.15GEORGIA SOVEREIGN80000GEORGIA SOVEREIGN1309548.94GEORGIA SOVEREIGN946424.96GEORGIA SOVEREIGN80000GEORGIA SOVEREIGNSTATESTATESTATESTATEThe provision of a sovereign loan increase of up to EUR 6 million to finance the funding gap for the construction of an EU-compliant regional sanitary landfill in Kvemo Kartli region and the purchase of specialised equipment for related landfill operations (the "Project"). The loan was originally signed in 2015 in the amount of EUR 7 million (in two tranches) to finance the construction of the Kvemo Kartli landfill and specialised equipment, which continues to be financed by EBRD, and relevant infrastructure in Marneuli municipality, which will now be financed by the Government of Georgia. Based on updated scope, the EBRD financing is provided in two tranches: EUR 4.3 million from the original loan provided in 2015 and EUR 6 million from the loan increase provided in 2024. The Project aims to introduce a modern solid waste management system covering the collection and EU-compliant disposal of municipal solid waste and is expected to provide major environmental and social benefits for approximately 300,000 people in the Kvemo Kartli region. The Project is part of the National Waste Management Strategy Action Plan and is a part of a broader programme aiming to assist the country to meet its obligations under the European Union Association Agreement, signed between Georgia and the EU in 2014, which includes obligations to improve solid waste management in the country. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/45956XI-IATI-EBRD-51733European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan to ACBA bank of up to USD 5m for SME financing under the SME Competitiveness Programme in EAP ("SME Competitiveness Programme"). The proceeds of the Bank's investment will be on-lent by the bank and its leasing subsidiary in line with SME Competitiveness Programme' Policy Statement to private sector sub-borrowers in order to upgrade their technologies and equipment up to EU standards including for investments into sustainable investments in technologies and promoting the use of green technologies, thereby enhancing MSMEs' competitiveness.European Bank for Reconstruction and DevelopmentACBA BANK OJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYEREVAN40.18111 44.513614377133.85ACBA BANK OJSCPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan to ACBA bank of up to USD 5m for SME financing under the SME Competitiveness Programme in EAP ("SME Competitiveness Programme"). The proceeds of the Bank's investment will be on-lent by the bank and its leasing subsidiary in line with SME Competitiveness Programme' Policy Statement to private sector sub-borrowers in order to upgrade their technologies and equipment up to EU standards including for investments into sustainable investments in technologies and promoting the use of green technologies, thereby enhancing MSMEs' competitiveness. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51733XI-IATI-EBRD-51737European Bank for Reconstruction and DevelopmentProvision of a senior loan to InecoBank of up to USD 5 million under the SME Competitiveness Programme in Eastern Partnership ('EaP SMEC' ) established by the EBRD in cooperation with the EU to help finance investments in micro-, small and medium sized enterprises ('MSMEs') to support sustainable investments in technologies, meeting best standards in the field of product quality, occupational health and safety, environmental protection, and promoting the use of green technologies, thereby enhancing MSMEs' competitiveness locally and regionally. The project will enable InecoBank to finance long-term investments of Armenian MSMEs in upgrading their technology and equipment necessary to meet EU standards in terms of product quality, health and safety measures and environmental preservation. At least 70 per cent of all financed sub-loans are expected to be compliant with EBRD Green Economy Transition (GET) approach. In addition to long-term financing, eligible sub-borrowers will receive technical assistance and grant support in the form of investment incentives upon the completion of their investment projects.European Bank for Reconstruction and DevelopmentINECOBANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYEREVAN40.18111 44.513615658636.73INECOBANK CJSCPRIVATEPRIVATEPRIVATEProvision of a senior loan to InecoBank of up to USD 5 million under the SME Competitiveness Programme in Eastern Partnership ('EaP SMEC' ) established by the EBRD in cooperation with the EU to help finance investments in micro-, small and medium sized enterprises ('MSMEs') to support sustainable investments in technologies, meeting best standards in the field of product quality, occupational health and safety, environmental protection, and promoting the use of green technologies, thereby enhancing MSMEs' competitiveness locally and regionally. The project will enable InecoBank to finance long-term investments of Armenian MSMEs in upgrading their technology and equipment necessary to meet EU standards in terms of product quality, health and safety measures and environmental preservation. At least 70 per cent of all financed sub-loans are expected to be compliant with EBRD Green Economy Transition (GET) approach. In addition to long-term financing, eligible sub-borrowers will receive technical assistance and grant support in the form of investment incentives upon the completion of their investment projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51737XI-IATI-EBRD-53205European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 5 million to be provided to Victoriabank (VB) for on-lending to eligible micro, small and medium-sized enterprises ("MSMEs") under SME Competitiveness Programme in the Eastern Partnership of the EU ("EaP SMEC", OpID 52248). The loan will consist of two equal tranches, with the second tranche (EUR 2.5 million) uncommitted and available at the sole discretion of EBRD. The project will enable VB to support the investments of local MSMEs in upgrading their technology and equipment necessary to meet EU standards (product quality, health and safety measures, and environmental preservation). At least 70% of the financed sub-loans are expected to comply with EBRD Green Economy Transition ("GET") approach.European Bank for Reconstruction and DevelopmentVICTORIABANK SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCHISINAU47.00556 28.85755000000VICTORIABANK SAPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 5 million to be provided to Victoriabank (VB) for on-lending to eligible micro, small and medium-sized enterprises ("MSMEs") under SME Competitiveness Programme in the Eastern Partnership of the EU ("EaP SMEC", OpID 52248). The loan will consist of two equal tranches, with the second tranche (EUR 2.5 million) uncommitted and available at the sole discretion of EBRD. The project will enable VB to support the investments of local MSMEs in upgrading their technology and equipment necessary to meet EU standards (product quality, health and safety measures, and environmental preservation). At least 70% of the financed sub-loans are expected to comply with EBRD Green Economy Transition ("GET") approach. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53205XI-IATI-EBRD-56466European Bank for Reconstruction and DevelopmentEUR 300 million senior revolving loan and a EUR 100 million Standby Letter of Credit, in the combined amount of up to EUR 400 million in favour of JSC Energocom, a state-owned energy trader in Moldova. This financing replaces two expiring facilities from 2022 and 2023. The project aims to strengthen Moldova's energy security by enabling continuous acquisition and supply of gas and electricity.European Bank for Reconstruction and DevelopmentENERGOCOM JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCHISINAU47.00556 28.8575170000000170000000ENERGOCOM JSC17653670.28ENERGOCOM JSC19344420.48ENERGOCOM JSC10838220ENERGOCOM JSC21232408.49ENERGOCOM JSC28732622.09ENERGOCOM JSC4837395ENERGOCOM JSC17814496ENERGOCOM JSC10919263.46ENERGOCOM JSC17135932ENERGOCOM JSC5716865ENERGOCOM JSCSTATESTATESTATESTATEEUR 300 million senior revolving loan and a EUR 100 million Standby Letter of Credit, in the combined amount of up to EUR 400 million in favour of JSC Energocom, a state-owned energy trader in Moldova. This financing replaces two expiring facilities from 2022 and 2023. The project aims to strengthen Moldova's energy security by enabling continuous acquisition and supply of gas and electricity. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56466XI-IATI-EBRD-51890European Bank for Reconstruction and DevelopmentProvision of a loan to co-finance the construction of a recycling facility for spent lithium-ion batteries for electric vehicles and autocatalysts containing platinum group metals (PGM). The facility will be the first of its kind in the EU and entail deployment of a new technology. It will produce secondary metals and other materials that can be reused as input for the production of new batteries or other applications, providing an essential recycling service within the lithium-ion batteries value chain and circular economy. The project is co-financed with EU support under the Important Project of Common European Interest on Batteries framework. For the company Elemental Holding S.A. the investment allows (i) entering the new, developing market of Li-ion batteries recycling and (ii) movement across the value chain for PGM recycling and generate additional margin.European Bank for Reconstruction and DevelopmentELEMENTAL GLOBAL SERVICES SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGMAKOW MAZOWIECKI52.86493 21.1005325141600.74ELEMENTAL GLOBAL SERVICES SAPRIVATEPRIVATEPRIVATEProvision of a loan to co-finance the construction of a recycling facility for spent lithium-ion batteries for electric vehicles and autocatalysts containing platinum group metals (PGM). The facility will be the first of its kind in the EU and entail deployment of a new technology. It will produce secondary metals and other materials that can be reused as input for the production of new batteries or other applications, providing an essential recycling service within the lithium-ion batteries value chain and circular economy. The project is co-financed with EU support under the Important Project of Common European Interest on Batteries framework. For the company Elemental Holding S.A. the investment allows (i) entering the new, developing market of Li-ion batteries recycling and (ii) movement across the value chain for PGM recycling and generate additional margin. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51890XI-IATI-EBRD-50071European Bank for Reconstruction and DevelopmentAn equity investment of up to EUR 10 million in Invera Private Equity Fund (the "Fund"). The Fund has a target size of EUR 100 million. The Fund will seek to generate long-term capital appreciation through equity and quasi-equity investments in growth-oriented small and medium-sized enterprises and mid-market companies in Croatia, Slovenia, Bosnia & Herzegovina, Serbia and Montenegro.European Bank for Reconstruction and DevelopmentINVERA PRIVATE EQUITY FUND CVEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.35644ZAGREB45.81444 15.97798PODGORICA42.44111 19.26361BELGRADE44.80401 20.46513LJUBLJANA46.05108 14.50513923698.7110000000INVERA PRIVATE EQUITY FUND CVPRIVATEPRIVATEPRIVATEAn equity investment of up to EUR 10 million in Invera Private Equity Fund (the "Fund"). The Fund has a target size of EUR 100 million. The Fund will seek to generate long-term capital appreciation through equity and quasi-equity investments in growth-oriented small and medium-sized enterprises and mid-market companies in Croatia, Slovenia, Bosnia & Herzegovina, Serbia and Montenegro. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50071XI-IATI-EBRD-49315European Bank for Reconstruction and DevelopmentA total Project value of up to USD 30 million in favour of JSCMB Ipoteka-bank ("IB") to be split between a senior MSME loan of up to USD 25 million with the proceeds to be on-lent to eligible sub-borrowers, and TFP limit of up to USD 5 million for trade finance activities. The MSME Loan will enable IB to increase availability of medium-term funding for private MSMEs in Uzbekistan, which remain underserved. The Project will contribute to the bank's expansion of its MSME Loan portfolio, including through reaching new clients and regions outside of Tashkent. The Project will also be contributing to furthering competition in the real economy by increasing availability of financing to the Uzbek MSMEs. The TFP limit will enable the bank to obtain confirmation from their letters of credit and other trade finance instruments by confirming banks at commercial terms. This Project will facilitate cross border trade contributing to fostering regional connectivity and integration.European Bank for Reconstruction and DevelopmentIPOTEKA-BANK JSCMBEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.216270.0189526441.38IPOTEKA-BANK JSCMBPRIVATEPRIVATEPRIVATEA total Project value of up to USD 30 million in favour of JSCMB Ipoteka-bank ("IB") to be split between a senior MSME loan of up to USD 25 million with the proceeds to be on-lent to eligible sub-borrowers, and TFP limit of up to USD 5 million for trade finance activities. The MSME Loan will enable IB to increase availability of medium-term funding for private MSMEs in Uzbekistan, which remain underserved. The Project will contribute to the bank's expansion of its MSME Loan portfolio, including through reaching new clients and regions outside of Tashkent. The Project will also be contributing to furthering competition in the real economy by increasing availability of financing to the Uzbek MSMEs. The TFP limit will enable the bank to obtain confirmation from their letters of credit and other trade finance instruments by confirming banks at commercial terms. This Project will facilitate cross border trade contributing to fostering regional connectivity and integration. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49315XI-IATI-EBRD-52181European Bank for Reconstruction and DevelopmentThe provision of a secured loan of up to €5 million to VMG Industry FLLC. This project was approved in the context of the Bank's response to the COVID-19 pandemic. To avoid delays to the delivery of this project, the Bank's President granted a deviation from the ordinary timelines for PSD disclosure, as contemplated by Section V of theDirective on Access to Information. Details of the Bank's response to COVID-19, and this deviation, can be found on our website. The loan will bridge a liquidity gap due to adverse market conditions related to the COVID-19 crisis. The loan will be used for working capital purposes and will compensate limited availability of medium-term working capital financing from local commercial banks.This project was approved in the context of the Bank's response to the COVID-19 pandemic. The loan will be used for working capital purposesEuropean Bank for Reconstruction and DevelopmentNOVUS INDUSTRY LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGMOGILEV53.9168 30.34495000000NOVUS INDUSTRY LLCPRIVATEPRIVATEPRIVATEThe provision of a secured loan of up to €5 million to VMG Industry FLLC. This project was approved in the context of the Bank's response to the COVID-19 pandemic. To avoid delays to the delivery of this project, the Bank's President granted a deviation from the ordinary timelines for PSD disclosure, as contemplated by Section V of theDirective on Access to Information. Details of the Bank's response to COVID-19, and this deviation, can be found on our website. The loan will bridge a liquidity gap due to adverse market conditions related to the COVID-19 crisis. The loan will be used for working capital purposes and will compensate limited availability of medium-term working capital financing from local commercial banks.This project was approved in the context of the Bank's response to the COVID-19 pandemic. The loan will be used for working capital purposes For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52181XI-IATI-EBRD-49105European Bank for Reconstruction and DevelopmentThe Provision of a sovereign loan of up to €3.5 million to the Republic of Belarus for the benefit of Baranovichi Vodokanal (the "Company") to finance the rehabilitation and reconstruction of wastewater treatment infrastructure in Baranovichi (the "Project"). The loan will be co-financed by a € 1.5 million capital grant from Northern Dimension Environmental Partnership. This is one out of seven subprojects under the Belarus Water Sector Framework, 3rd phase. Other subprojects are in Kletsk, Lyuban, Fanipol, Bereza, Zhlobin, Shklov. The Project aims to enhance wastewater treatment quality to ensure compliance with the national and EU/HELCOM standards/recommendations for effluent quality treatment and reduction of air, soil, water pollution. The Project will facilitate the advancement of water and wastewater sector reform and improvement of the Company's operational and financial performance and capacity.European Bank for Reconstruction and DevelopmentBELARUS SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGMINSK53.9 27.566673540000BELARUS SOVEREIGN35400BELARUS SOVEREIGNSTATESTATESTATESTATEThe Provision of a sovereign loan of up to €3.5 million to the Republic of Belarus for the benefit of Baranovichi Vodokanal (the "Company") to finance the rehabilitation and reconstruction of wastewater treatment infrastructure in Baranovichi (the "Project"). The loan will be co-financed by a € 1.5 million capital grant from Northern Dimension Environmental Partnership. This is one out of seven subprojects under the Belarus Water Sector Framework, 3rd phase. Other subprojects are in Kletsk, Lyuban, Fanipol, Bereza, Zhlobin, Shklov. The Project aims to enhance wastewater treatment quality to ensure compliance with the national and EU/HELCOM standards/recommendations for effluent quality treatment and reduction of air, soil, water pollution. The Project will facilitate the advancement of water and wastewater sector reform and improvement of the Company's operational and financial performance and capacity. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49105XI-IATI-EBRD-55315European Bank for Reconstruction and DevelopmentInvestment of EUR 50 million in senior notes in favour of ILTE UAB (ILTE), the national promotional bank in Lithuania, and a special purpose vehicle (SPV), established in Ireland for the purpose of a true sale asset-backed securitisation (ABS) of energy efficiency loans, originated by ILTE. Supporting the first true sale ABS securitisation of energy efficiency loans in the Baltics and contributing to capital market development through a novel financial instrument in the region which enables capital recycling and further investments in the buildings renovation.European Bank for Reconstruction and DevelopmentILTE UABEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGVILNIUS54.68916 25.279850000000ILTE UABPRIVATEPRIVATEPRIVATEInvestment of EUR 50 million in senior notes in favour of ILTE UAB (ILTE), the national promotional bank in Lithuania, and a special purpose vehicle (SPV), established in Ireland for the purpose of a true sale asset-backed securitisation (ABS) of energy efficiency loans, originated by ILTE. Supporting the first true sale ABS securitisation of energy efficiency loans in the Baltics and contributing to capital market development through a novel financial instrument in the region which enables capital recycling and further investments in the buildings renovation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55315XI-IATI-EBRD-55435European Bank for Reconstruction and DevelopmentProvision of an additional commitment of up to EUR 10 million to an existing senior secured loan of up to EUR 46.8m, in favour of Cimex Hospitality Investments s.r.o. (the "Company", or "Borrower"), a limited liability company incorpoated in Czechia. The existing loan is a part of a loan of EUR 140.4 million, alongside Raiffeisen and UniCredit (taking 1/3 each). The EBRD loan proceeds will fund to support the Company's on-going capex programme across its hotel portfolio in Czechia. The loan proceeds will be used to fund the Company's on-going capex programme to refurbish its hotel portfolio in Czechia as well as ensuring high sustainable standards across it.European Bank for Reconstruction and DevelopmentCIMEX HOSPITALITY INVESTMENTS SROEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRAGUE50.08804 14.420760.0141333333CIMEX HOSPITALITY INVESTMENTS SROPRIVATEPRIVATEPRIVATEProvision of an additional commitment of up to EUR 10 million to an existing senior secured loan of up to EUR 46.8m, in favour of Cimex Hospitality Investments s.r.o. (the "Company", or "Borrower"), a limited liability company incorpoated in Czechia. The existing loan is a part of a loan of EUR 140.4 million, alongside Raiffeisen and UniCredit (taking 1/3 each). The EBRD loan proceeds will fund to support the Company's on-going capex programme across its hotel portfolio in Czechia. The loan proceeds will be used to fund the Company's on-going capex programme to refurbish its hotel portfolio in Czechia as well as ensuring high sustainable standards across it. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55435XI-IATI-EBRD-54266European Bank for Reconstruction and DevelopmentThe Project envisages EUR 55m long term loan (the "Loan") to Yayla consisting of: (i) EBRD finance of EUR 41.5m, (ii) TaiwanICDF finance of EUR 6m, (iii) Clean Technology Fund finance of up to EUR 7.5m (in USD equivalent) under the EBRD High Climate Impact for the Corporate Sector Programme. The Loan will be used to finance Yayla's new state-of-the-art production facility in Nigde and working capital requirements. The main objective of the Project is to support the Company's green investment programme, balance sheet strengthening as well as the Company's inclusive initiatives.European Bank for Reconstruction and DevelopmentYAYLA AGRO GIDA SANAYI VE TICARET ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGNIGDE37.96667 34.6833339454609.12YAYLA AGRO GIDA SANAYI VE TICARET ASPRIVATEPRIVATEPRIVATEThe Project envisages EUR 55m long term loan (the "Loan") to Yayla consisting of: (i) EBRD finance of EUR 41.5m, (ii) TaiwanICDF finance of EUR 6m, (iii) Clean Technology Fund finance of up to EUR 7.5m (in USD equivalent) under the EBRD High Climate Impact for the Corporate Sector Programme. The Loan will be used to finance Yayla's new state-of-the-art production facility in Nigde and working capital requirements. The main objective of the Project is to support the Company's green investment programme, balance sheet strengthening as well as the Company's inclusive initiatives. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54266XI-IATI-EBRD-51556European Bank for Reconstruction and DevelopmentProvision of a loan of up to PLN 138.6 million (approx. EUR 30.8 million) to refinance the retrofit and thermo-modernisation of existing municipal buildings in the city of Walbrzych converting the heat source from coal to either heating pumps or gas heating. The project is expected to bring significant energy efficiency improvement in the city's building stock. In addition to this project, the Bank is also working with Walbrzych to finance an urban regeneration bypass to improve the city's connectivity. The proposed project will be 'trigger' project for Walbrzych under the Green City Framework 2 ("GrCF2"). GrCF2 is a strategic and multi-project approach framework targeting environmental issues in selected large cities in the Bank's countries of operations. The primary goal is to achieve significant environmental improvements and promote the green transition quality within the relevant cities. These objectives are supported by the development and implementation of a specific Green City Action Plan ("GCAP") in Walbrzych, identifying and prioritising environmental challenges and ways to address them through targeted investments, services and policy instruments.European Bank for Reconstruction and DevelopmentCITY OF WALBRZYCHEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWALBRZYCH50.77141 16.284325235109.95CITY OF WALBRZYCH5235109.95CITY OF WALBRZYCHSTATESTATESTATESTATEProvision of a loan of up to PLN 138.6 million (approx. EUR 30.8 million) to refinance the retrofit and thermo-modernisation of existing municipal buildings in the city of Walbrzych converting the heat source from coal to either heating pumps or gas heating. The project is expected to bring significant energy efficiency improvement in the city's building stock. In addition to this project, the Bank is also working with Walbrzych to finance an urban regeneration bypass to improve the city's connectivity. The proposed project will be 'trigger' project for Walbrzych under the Green City Framework 2 ("GrCF2"). GrCF2 is a strategic and multi-project approach framework targeting environmental issues in selected large cities in the Bank's countries of operations. The primary goal is to achieve significant environmental improvements and promote the green transition quality within the relevant cities. These objectives are supported by the development and implementation of a specific Green City Action Plan ("GCAP") in Walbrzych, identifying and prioritising environmental challenges and ways to address them through targeted investments, services and policy instruments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51556XI-IATI-EBRD-53339European Bank for Reconstruction and DevelopmentThe EBRD invested EUR 25 million in the EUR 300 million 7-year senior unsecured Sustainability Linked Bond issued by GEK TERNA S.A. The transaction comes under the Greek Corporate Bonds Framework (GCBF) III and represents the first Sustainability Linked Bond to be listed on the Athens Stock Exchange. The total proceeds of the new bonds will finance business activities in infrastructure, energy, industrial and real estate sectors, refinance existing and future indebtedness, and finance working capital needs. The proceeds of the EBRD participation will be used exclusively for refinancing and working capital needs. The bond includes a sustainability feature with a target to reduce the Group's CO2 intensity by 25% by 2025 compared to 2021. Not meeting this target would lead to an 0.20% increase in its coupon. As part of the Framework, the Project aims to support the development of the local corporate bond market in Greece and facilitate the access of Greek corporates to the debt capital markets.European Bank for Reconstruction and DevelopmentGEK TERNA SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATHENS37.98376 23.7278425000000GEK TERNA SAPRIVATEPRIVATEPRIVATEThe EBRD invested EUR 25 million in the EUR 300 million 7-year senior unsecured Sustainability Linked Bond issued by GEK TERNA S.A. The transaction comes under the Greek Corporate Bonds Framework (GCBF) III and represents the first Sustainability Linked Bond to be listed on the Athens Stock Exchange. The total proceeds of the new bonds will finance business activities in infrastructure, energy, industrial and real estate sectors, refinance existing and future indebtedness, and finance working capital needs. The proceeds of the EBRD participation will be used exclusively for refinancing and working capital needs. The bond includes a sustainability feature with a target to reduce the Group's CO2 intensity by 25% by 2025 compared to 2021. Not meeting this target would lead to an 0.20% increase in its coupon. As part of the Framework, the Project aims to support the development of the local corporate bond market in Greece and facilitate the access of Greek corporates to the debt capital markets. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53339XI-IATI-EBRD-54753European Bank for Reconstruction and DevelopmentThe provision of up to EUR 200 million sovereign-guaranteed loan to PJSC "Ukrhydroenergo" (the "Company" or "UHE"). The loan consists of (1) up to EUR 150 million to finance supply of critical equipment for the Dnipro and Seredniodnipro hydro power plants, and (2) up to EUR 50 million for the emergency liquidity support for the Company. The loan facility will be divided into two tranches of up to EUR 100 million each with one tranche to be funded by EBRD and the other one using funds advanced by Italy to EBRD for that purpose. The implementation of the Project will enhance Ukraine's energy security by financing the replacement of 4 hydropower generation units at the Dnipro hydro power plant (HPP), which were worn out due to extensive exploitation since 2003 and damages caused by missile attacks on the Dnipro HPP. The total production capacity of the respective equipment is expected to increase by 16%. The project will also enable UHE to replace old gantry cranes at the Seredniodnipro HPP, which are crucial for maintaining the hydropower plants efficiently. Additionally, the emergency liquidity support will help the Company strengthen its financial health and operations, especially on the back of increased public service obligations.European Bank for Reconstruction and DevelopmentUKRHYDROENERGO PJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGVYSHHOROD50.58476 30.4898148705437.5175000000UKRHYDROENERGO PJSC1000000UKRHYDROENERGO PJSC25000000.01UKRHYDROENERGO PJSC35000UKRHYDROENERGO PJSC55800UKRHYDROENERGO PJSC203762.5UKRHYDROENERGO PJSCSTATESTATESTATESTATEThe provision of up to EUR 200 million sovereign-guaranteed loan to PJSC "Ukrhydroenergo" (the "Company" or "UHE"). The loan consists of (1) up to EUR 150 million to finance supply of critical equipment for the Dnipro and Seredniodnipro hydro power plants, and (2) up to EUR 50 million for the emergency liquidity support for the Company. The loan facility will be divided into two tranches of up to EUR 100 million each with one tranche to be funded by EBRD and the other one using funds advanced by Italy to EBRD for that purpose. The implementation of the Project will enhance Ukraine's energy security by financing the replacement of 4 hydropower generation units at the Dnipro hydro power plant (HPP), which were worn out due to extensive exploitation since 2003 and damages caused by missile attacks on the Dnipro HPP. The total production capacity of the respective equipment is expected to increase by 16%. The project will also enable UHE to replace old gantry cranes at the Seredniodnipro HPP, which are crucial for maintaining the hydropower plants efficiently. Additionally, the emergency liquidity support will help the Company strengthen its financial health and operations, especially on the back of increased public service obligations. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54753XI-IATI-EBRD-52445European Bank for Reconstruction and DevelopmentThe EBRD invested EUR 9 million (20% of the issuance amount) in a senior preferred bond issued by Erste & Steiermarkische bank d.d. ("ESB"), as part of an issuance of EUR 45 million listed on the Zagreb Stock Exchange ("ZSE") and marketed mainly to local institutional investors. This is the first MREL-eligible instrument issued by ESB since the BRRD introduction and the MREL guidelines in Croatia. The project supports the resilience and regulatory compliance of the third largest bank in Croatia and contributes to the capital market development of the country. The project also aims to support strong Green-impact targets with at least 80% allocation of EBRD investment in GET-eligible sub-projects.European Bank for Reconstruction and DevelopmentERSTE & STEIERMARKISCHE BANK DDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGRIJEKA45.32673 14.442419000000ERSTE & STEIERMARKISCHE BANK DDPRIVATEPRIVATEPRIVATEThe EBRD invested EUR 9 million (20% of the issuance amount) in a senior preferred bond issued by Erste & Steiermarkische bank d.d. ("ESB"), as part of an issuance of EUR 45 million listed on the Zagreb Stock Exchange ("ZSE") and marketed mainly to local institutional investors. This is the first MREL-eligible instrument issued by ESB since the BRRD introduction and the MREL guidelines in Croatia. The project supports the resilience and regulatory compliance of the third largest bank in Croatia and contributes to the capital market development of the country. The project also aims to support strong Green-impact targets with at least 80% allocation of EBRD investment in GET-eligible sub-projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52445XI-IATI-EBRD-56846European Bank for Reconstruction and DevelopmentA senior unsecured local currency denominated loan sub limit* of up to EUR 10 million equivalent with a tenor of 3 years to be provided to OTP Leasing LLC ("OTPL", the "PFI") in Ukraine. This medium-term local currency funding will be provided under the EBRD's FIF - EaP SMECI Framework and will be used by OTPL for on-lending to private SMEs in Ukraine. *This sub-limit is part of EBRD's broader LCY facility to OTPL, covered by OpIDs 56845 and 56846 (under Resilience and Livelihoods Framework and Financial Intermediaries Framework, respectively), jointly referred to as the LCY Facility. This Project will finance long-term capital investments of SMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of the sub-limit), thereby enhancing their competitiveness. Eligible sub-borrowers will also receive EU-funded technical assistance and grant support in the form of investment incentives upon the completion of their investment projects.European Bank for Reconstruction and DevelopmentOTP LEASING LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.523810007562.04OTP LEASING LLCPRIVATEPRIVATEPRIVATEA senior unsecured local currency denominated loan sub limit* of up to EUR 10 million equivalent with a tenor of 3 years to be provided to OTP Leasing LLC ("OTPL", the "PFI") in Ukraine. This medium-term local currency funding will be provided under the EBRD's FIF - EaP SMECI Framework and will be used by OTPL for on-lending to private SMEs in Ukraine. *This sub-limit is part of EBRD's broader LCY facility to OTPL, covered by OpIDs 56845 and 56846 (under Resilience and Livelihoods Framework and Financial Intermediaries Framework, respectively), jointly referred to as the LCY Facility. This Project will finance long-term capital investments of SMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of the sub-limit), thereby enhancing their competitiveness. Eligible sub-borrowers will also receive EU-funded technical assistance and grant support in the form of investment incentives upon the completion of their investment projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56846XI-IATI-EBRD-52761European Bank for Reconstruction and DevelopmentEBRD has made an equity commitment of USD 10 million to Horizon Capital Growth Fund II, L.P. (the "Fund", "HCGF II"), a private-equity fund investing in Ukraine-based assets and formed as the continuation vehicle for select assets of Emerging Europe Growth Fund II, L.P., also managed by Horizon Capital. This project will support the further development of a portfolio of high-growth digitally-enabled companies in Ukraine and will provide significant additional follow-on capital raised during this process.European Bank for Reconstruction and DevelopmentHORIZON CAPITAL GROWTH FUND IIEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.52382078266.278355618.47HORIZON CAPITAL GROWTH FUND IIPRIVATEPRIVATEPRIVATEEBRD has made an equity commitment of USD 10 million to Horizon Capital Growth Fund II, L.P. (the "Fund", "HCGF II"), a private-equity fund investing in Ukraine-based assets and formed as the continuation vehicle for select assets of Emerging Europe Growth Fund II, L.P., also managed by Horizon Capital. This project will support the further development of a portfolio of high-growth digitally-enabled companies in Ukraine and will provide significant additional follow-on capital raised during this process. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52761XI-IATI-EBRD-57395European Bank for Reconstruction and DevelopmentAn unfunded risk-sharing instrument (the "Facility") partly covering the credit risk of new sub-loans with a total value of EUR 40 million equivalent (the "Covered Portfolio") to be originated by Kredobank ("KB", the "PFI") in Ukraine. The Facility is provided under the Resilience and Livelihoods Guarantee product to finance broader working capital and investment needs of Ukrainian private businesses across key economic sectors, helping sustain their operations and livelihoods The Facility will be used to support lending to Ukrainian private companies, state-owned enterprises and municipalities operating in primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in Ukraine.European Bank for Reconstruction and DevelopmentKREDOBANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGLVIV49.83826 24.023241000000010000000KREDOBANK JSCPRIVATEPRIVATEPRIVATEAn unfunded risk-sharing instrument (the "Facility") partly covering the credit risk of new sub-loans with a total value of EUR 40 million equivalent (the "Covered Portfolio") to be originated by Kredobank ("KB", the "PFI") in Ukraine. The Facility is provided under the Resilience and Livelihoods Guarantee product to finance broader working capital and investment needs of Ukrainian private businesses across key economic sectors, helping sustain their operations and livelihoods The Facility will be used to support lending to Ukrainian private companies, state-owned enterprises and municipalities operating in primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57395XI-IATI-EBRD-47426European Bank for Reconstruction and DevelopmentFinancing to the city of Orsha for the reconstruction and modernisation of wastewater treatment facilities. A sovereign loan of € 21 million, of which up to € 6 million will be allocated for the benefit to Unitary Enterprise Orshavodokanal, a municipally owned company that provides water and wastewater services in the city of Orsha. The Loan will finance a Priority Investment Programme (the 'PIP') aimed at reconstruction and modernisation of the wastewater treatment facilities to ensure compliance with the EU standards. A small portion of the Loan will be used to finance an upgrade of the water supply infrastructure.European Bank for Reconstruction and DevelopmentBELARUS SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGMINSK53.9 27.566676000000BELARUS SOVEREIGN60000BELARUS SOVEREIGN638642.12BELARUS SOVEREIGN87500BELARUS SOVEREIGN102187.5BELARUS SOVEREIGN22604BELARUS SOVEREIGN245166.54BELARUS SOVEREIGN356679.92BELARUS SOVEREIGN309515.81BELARUS SOVEREIGN208921.4BELARUS SOVEREIGN616997.73BELARUS SOVEREIGNSTATESTATESTATESTATEFinancing to the city of Orsha for the reconstruction and modernisation of wastewater treatment facilities. A sovereign loan of € 21 million, of which up to € 6 million will be allocated for the benefit to Unitary Enterprise Orshavodokanal, a municipally owned company that provides water and wastewater services in the city of Orsha. The Loan will finance a Priority Investment Programme (the 'PIP') aimed at reconstruction and modernisation of the wastewater treatment facilities to ensure compliance with the EU standards. A small portion of the Loan will be used to finance an upgrade of the water supply infrastructure. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47426XI-IATI-EBRD-56782European Bank for Reconstruction and DevelopmentThe EBRD invested EUR 50 million in the EUR 500 million, 7-year senior unsecured bond issued by GEK Terna S.A. (the "Issuer" or the "Company") and listed on the Athens Stock Exchange ("ASE"). The overall bond proceeds will be used to finance Issuer's group business activities, among else, in the infrastructure and energy sectors, support acquisitions, and/or refinance the Issuer's and/or its subsidiaries debt and issuance costs of the bond. The proceeds of the EBRD participation will be dedicated to renewable energy generation, battery energy storage systems, social infrastructure, and water/wastewater investments in Greece, Romania, Albania and Kosovo (the "Project"). The Project aims to support the Company's growth in Greece and South-Eastern Europe by financing renewable energy, energy storage, social infrastructure, and water/wastewater investments, while also strengthening Greece's local corporate bond market through a sizeable issuance on the ASE. It will also support channelling of funds to green eligible investments and promote private sector participation in public infrastructure projects, including those procured under concessions and public-private partnerships ("PPPs"), while promoting inclusive and gender responsive policies and practices.European Bank for Reconstruction and DevelopmentGEK TERNA SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTIRANA41.3275 19.81889ATHENS37.98376 23.72784PRISTINA42.67272 21.16688BUCHAREST44.43225 26.1062650000000GEK TERNA SAPRIVATEPRIVATEPRIVATEThe EBRD invested EUR 50 million in the EUR 500 million, 7-year senior unsecured bond issued by GEK Terna S.A. (the "Issuer" or the "Company") and listed on the Athens Stock Exchange ("ASE"). The overall bond proceeds will be used to finance Issuer's group business activities, among else, in the infrastructure and energy sectors, support acquisitions, and/or refinance the Issuer's and/or its subsidiaries debt and issuance costs of the bond. The proceeds of the EBRD participation will be dedicated to renewable energy generation, battery energy storage systems, social infrastructure, and water/wastewater investments in Greece, Romania, Albania and Kosovo (the "Project"). The Project aims to support the Company's growth in Greece and South-Eastern Europe by financing renewable energy, energy storage, social infrastructure, and water/wastewater investments, while also strengthening Greece's local corporate bond market through a sizeable issuance on the ASE. It will also support channelling of funds to green eligible investments and promote private sector participation in public infrastructure projects, including those procured under concessions and public-private partnerships ("PPPs"), while promoting inclusive and gender responsive policies and practices. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56782XI-IATI-EBRD-55658European Bank for Reconstruction and DevelopmentAn unfunded risk-sharing instrument partially covering the credit risk in newly originated sub-loans with the total value of EUR 150 million equivalent (the "Covered Portfolio") to be originated by Ukrgasbank in Ukraine. The Project will include two sub-limits with the Covered Portfolio of: (i) EUR 120 million under the EBRD's Energy Security Support Facility (assigned with a separate EBRD project number 55658), and (ii) EUR 30 million under the EU4Business-EBRD Credit Line with Incentives (assigned with a separate EBRD project number 55659). Under the Energy Security Support Facility, sub-loans will finance energy generation, energy storage and energy efficiency sub-projects to Ukrainian businesses as well as municipalities and state owned enterprises and households. All sub-borrowers will receive the technical assistance to facilitate their investments' structuring and implementation. Eligible residential sub-borrowers will additionally receive grant support in form of investment incentives upon the completion of their eligible investment projects. Under the EU4Business-EBRD Credit Line with Incentives, the EBRD and the EU support investment projects of local small and medium enterprises ("SMEs"). The EBRD enables financing of long-term capital investments of SMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of the sub-limit), thereby enhancing competitiveness of businesses. Eligible sub-borrowers will also receive technical assistance funded by the EU and grant support in the form of investment incentives upon the completion of their investment projects. The Project aims to channel urgently needed investments into additional and dispersed energy generation and storage capacity, thereby preserving energy security amidst energy crisis across all sectors in Ukraine.European Bank for Reconstruction and DevelopmentUKRGASBANK JSBEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.52382940000029400000UKRGASBANK JSBPRIVATEPRIVATEPRIVATEAn unfunded risk-sharing instrument partially covering the credit risk in newly originated sub-loans with the total value of EUR 150 million equivalent (the "Covered Portfolio") to be originated by Ukrgasbank in Ukraine. The Project will include two sub-limits with the Covered Portfolio of: (i) EUR 120 million under the EBRD's Energy Security Support Facility (assigned with a separate EBRD project number 55658), and (ii) EUR 30 million under the EU4Business-EBRD Credit Line with Incentives (assigned with a separate EBRD project number 55659). Under the Energy Security Support Facility, sub-loans will finance energy generation, energy storage and energy efficiency sub-projects to Ukrainian businesses as well as municipalities and state owned enterprises and households. All sub-borrowers will receive the technical assistance to facilitate their investments' structuring and implementation. Eligible residential sub-borrowers will additionally receive grant support in form of investment incentives upon the completion of their eligible investment projects. Under the EU4Business-EBRD Credit Line with Incentives, the EBRD and the EU support investment projects of local small and medium enterprises ("SMEs"). The EBRD enables financing of long-term capital investments of SMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of the sub-limit), thereby enhancing competitiveness of businesses. Eligible sub-borrowers will also receive technical assistance funded by the EU and grant support in the form of investment incentives upon the completion of their investment projects. The Project aims to channel urgently needed investments into additional and dispersed energy generation and storage capacity, thereby preserving energy security amidst energy crisis across all sectors in Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55658XI-IATI-EBRD-49428European Bank for Reconstruction and DevelopmentEUR 21.5 million equity contribution to a joint venture (the "JV") with Dimand S.A., a leading Greek real estate developer and construction services provider (the "Developer"). The JV will invest in sustainable commercial real estate and hospitality projects in Greece, with a focus on office, mixed use projects, student accommodation and city hotels. The JV will mainly focus on brownfield redevelopment, deep refurbishment and regeneration projects in Athens and other major Greek cities across various property sectors, addressing Greece's needs for repositioning and deep-retrofit of the existing building stock in compliance with the country's climate commitments.European Bank for Reconstruction and DevelopmentCANTE HOLDINGS LTDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATHENS37.98376 23.7278443481708.8757200000CANTE HOLDINGS LTDPRIVATEPRIVATEPRIVATEEUR 21.5 million equity contribution to a joint venture (the "JV") with Dimand S.A., a leading Greek real estate developer and construction services provider (the "Developer"). The JV will invest in sustainable commercial real estate and hospitality projects in Greece, with a focus on office, mixed use projects, student accommodation and city hotels. The JV will mainly focus on brownfield redevelopment, deep refurbishment and regeneration projects in Athens and other major Greek cities across various property sectors, addressing Greece's needs for repositioning and deep-retrofit of the existing building stock in compliance with the country's climate commitments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49428XI-IATI-EBRD-50123European Bank for Reconstruction and DevelopmentProvision of a sovereign loan to the Republic of Albania for the benefit of the Albanian Development Fund (ADF) to finance the rehabilitation of key regional and local roads in Albania. The Project is part of a larger investment programme for the rehabilitation of Albania's regional and local road network which is parallel-financed by a World Bank loan. - Support Albania's economic development and contribute to its internal integration by developing its regional and local road network. The Project will Improve the quality of road service and road safety and reduce vehicle operating costs and travel time. Through improvement of regional transport links, the Project will provide more reliable access to economic centres and will generate road user benefits as well as productivity gains across the agricultural and tourism sectors. - The Project, through inclusion of road safety audit recommendations and climate change resilience measures in the road design, will support the strengthening of road safety management and climate change adaptation, which are of particular importance in Albania due to the challenging geographical location of most of the road network.European Bank for Reconstruction and DevelopmentALBANIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTIRANA41.3275 19.8188918100218.4243771338.53ALBANIA SOVEREIGN350170.71ALBANIA SOVEREIGN1339960.22ALBANIA SOVEREIGN637381.29ALBANIA SOVEREIGN90650.44ALBANIA SOVEREIGN1819467.2ALBANIA SOVEREIGN180950.71ALBANIA SOVEREIGN798047.71ALBANIA SOVEREIGN641978.46ALBANIA SOVEREIGN158933.73ALBANIA SOVEREIGN1525463.85ALBANIA SOVEREIGN2573339.18ALBANIA SOVEREIGN880379.38ALBANIA SOVEREIGN160684.58ALBANIA SOVEREIGN649559.76ALBANIA SOVEREIGN1782098.84ALBANIA SOVEREIGN1475125.02ALBANIA SOVEREIGN1174910.22ALBANIA SOVEREIGN245732.29ALBANIA SOVEREIGN1546559.46ALBANIA SOVEREIGN174206.71ALBANIA SOVEREIGN140768.63ALBANIA SOVEREIGN700094.55ALBANIA SOVEREIGN743678.1ALBANIA SOVEREIGN392643.82ALBANIA SOVEREIGN208983.7ALBANIA SOVEREIGN1376043.17ALBANIA SOVEREIGN277882.99ALBANIA SOVEREIGN396622.38ALBANIA SOVEREIGN1025869.71ALBANIA SOVEREIGN612940.1ALBANIA SOVEREIGN447403.62ALBANIA SOVEREIGN1142589.58ALBANIA SOVEREIGNSTATESTATESTATESTATEProvision of a sovereign loan to the Republic of Albania for the benefit of the Albanian Development Fund (ADF) to finance the rehabilitation of key regional and local roads in Albania. The Project is part of a larger investment programme for the rehabilitation of Albania's regional and local road network which is parallel-financed by a World Bank loan. - Support Albania's economic development and contribute to its internal integration by developing its regional and local road network. The Project will Improve the quality of road service and road safety and reduce vehicle operating costs and travel time. Through improvement of regional transport links, the Project will provide more reliable access to economic centres and will generate road user benefits as well as productivity gains across the agricultural and tourism sectors. - The Project, through inclusion of road safety audit recommendations and climate change resilience measures in the road design, will support the strengthening of road safety management and climate change adaptation, which are of particular importance in Albania due to the challenging geographical location of most of the road network. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50123XI-IATI-EBRD-47314European Bank for Reconstruction and DevelopmentThe project comprises a sub-sovereign loan of up to EUR 9 million to Regia Autosalubritate, a municipal solid waste management company. The loan will be guaranteed by the municipality and is expected to be co-financed with an EIB loan of up to EUR 9 million and an investment grant of up to EUR 5.0 million from E5P. The proceeds of the loans and grant will finance a priority investment programme in solid waste management, including: (i) closure of the recently re-opened section of the Tintareni landfill and rehabilitation and upgrade of the remaining sections of the Tintareni landfill to EU standards; (ii) rehabilitation of the access road to the landfill; (iii) closure of a temporary dumpsite in Ciocana, Chisinau; (iv) renewal of the Company's vehicle fleet; and (v) refurbishment of the existing transfer station and investment into a waste sorting plant. The project aims to contribute to an improved level of solid waste services and overall improved environmental situation in Chisinau.European Bank for Reconstruction and DevelopmentSOLID WASTE MANAGEMENT COMPANY OF THE CITY OF CHISINAUEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCHISINAU47.00556 28.85752545347.919000000SOLID WASTE MANAGEMENT COMPANY OF THE CITY OF CHISINAU298435.9SOLID WASTE MANAGEMENT COMPANY OF THE CITY OF CHISINAU1448000SOLID WASTE MANAGEMENT COMPANY OF THE CITY OF CHISINAU1424710SOLID WASTE MANAGEMENT COMPANY OF THE CITY OF CHISINAU500000SOLID WASTE MANAGEMENT COMPANY OF THE CITY OF CHISINAU4824.26SOLID WASTE MANAGEMENT COMPANY OF THE CITY OF CHISINAU6563.08SOLID WASTE MANAGEMENT COMPANY OF THE CITY OF CHISINAU8802.68SOLID WASTE MANAGEMENT COMPANY OF THE CITY OF CHISINAU5652.19SOLID WASTE MANAGEMENT COMPANY OF THE CITY OF CHISINAU5614.93SOLID WASTE MANAGEMENT COMPANY OF THE CITY OF CHISINAU133929.74SOLID WASTE MANAGEMENT COMPANY OF THE CITY OF CHISINAU818788.8SOLID WASTE MANAGEMENT COMPANY OF THE CITY OF CHISINAU363790.48SOLID WASTE MANAGEMENT COMPANY OF THE CITY OF CHISINAU179973.37SOLID WASTE MANAGEMENT COMPANY OF THE CITY OF CHISINAU45035SOLID WASTE MANAGEMENT COMPANY OF THE CITY OF CHISINAU251372.66SOLID WASTE MANAGEMENT COMPANY OF THE CITY OF CHISINAU159783SOLID WASTE MANAGEMENT COMPANY OF THE CITY OF CHISINAU89616SOLID WASTE MANAGEMENT COMPANY OF THE CITY OF CHISINAU339840SOLID WASTE MANAGEMENT COMPANY OF THE CITY OF CHISINAU369920SOLID WASTE MANAGEMENT COMPANY OF THE CITY OF CHISINAUSTATESTATESTATESTATEThe project comprises a sub-sovereign loan of up to EUR 9 million to Regia Autosalubritate, a municipal solid waste management company. The loan will be guaranteed by the municipality and is expected to be co-financed with an EIB loan of up to EUR 9 million and an investment grant of up to EUR 5.0 million from E5P. The proceeds of the loans and grant will finance a priority investment programme in solid waste management, including: (i) closure of the recently re-opened section of the Tintareni landfill and rehabilitation and upgrade of the remaining sections of the Tintareni landfill to EU standards; (ii) rehabilitation of the access road to the landfill; (iii) closure of a temporary dumpsite in Ciocana, Chisinau; (iv) renewal of the Company's vehicle fleet; and (v) refurbishment of the existing transfer station and investment into a waste sorting plant. The project aims to contribute to an improved level of solid waste services and overall improved environmental situation in Chisinau. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47314XI-IATI-EBRD-52549European Bank for Reconstruction and DevelopmentUSD 50 million subscription in the USD 500 million 7-year unsecured green Eurobond issue (the "Green Bond"), listed on the London Stock Exchange, issued by JSC Georgian Railway (the "Company" or "GR"), a state owned railway company in Georgia, (the "Project"). This is the first Green Bond issued by the Company, underpinned by its newly developed Green Bond Framework aligned with Green Bond Principles, as validated by an independent second party opinion. The Eurobond proceeds will be applied to the refinancing of the Company's existing bond issued in 2012 and to finance remaining capital expenditures necessary to complete the ongoing Railway Modernisation Project. The Bank's proceeds will be directed solely towards refinancing.European Bank for Reconstruction and DevelopmentGEORGIAN RAILWAY JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTBILISI41.69411 44.8336865657007.79GEORGIAN RAILWAY JSC43771338.53GEORGIAN RAILWAY JSCSTATESTATESTATESTATEUSD 50 million subscription in the USD 500 million 7-year unsecured green Eurobond issue (the "Green Bond"), listed on the London Stock Exchange, issued by JSC Georgian Railway (the "Company" or "GR"), a state owned railway company in Georgia, (the "Project"). This is the first Green Bond issued by the Company, underpinned by its newly developed Green Bond Framework aligned with Green Bond Principles, as validated by an independent second party opinion. The Eurobond proceeds will be applied to the refinancing of the Company's existing bond issued in 2012 and to finance remaining capital expenditures necessary to complete the ongoing Railway Modernisation Project. The Bank's proceeds will be directed solely towards refinancing. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52549XI-IATI-EBRD-56536European Bank for Reconstruction and DevelopmentA senior loan of up to USD 40 million from EBRD to ACBA Bank under the Youth in Business ("YiB") Caucasus Programme, aimed at supporting youth-led or youth-owned micro, small, and medium enterprises in Armenia. The project will pilot the YiB loan in Armenia to address the shortage of credit for youth-led MSMEs and remove structural barriers to their growth. It will focus on building and embedding the banking infrastructure needed for sustainable youth-focused lending, enhancing ACBA's capacity to provide tailored financial products and support services, and ultimately promoting the long-term inclusion of the youth segment in Armenia's MSME market.European Bank for Reconstruction and DevelopmentACBA BANK OJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYEREVAN40.18111 44.5136118176400.24ACBA BANK OJSCPRIVATEPRIVATEPRIVATEA senior loan of up to USD 40 million from EBRD to ACBA Bank under the Youth in Business ("YiB") Caucasus Programme, aimed at supporting youth-led or youth-owned micro, small, and medium enterprises in Armenia. The project will pilot the YiB loan in Armenia to address the shortage of credit for youth-led MSMEs and remove structural barriers to their growth. It will focus on building and embedding the banking infrastructure needed for sustainable youth-focused lending, enhancing ACBA's capacity to provide tailored financial products and support services, and ultimately promoting the long-term inclusion of the youth segment in Armenia's MSME market. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56536XI-IATI-EBRD-56928European Bank for Reconstruction and DevelopmentAn equity commitment of up to USD 25 million in favour of African Transition Acceleration Fund (the"Fund"), an en commandite partnership in South Africa. The Fund will be managed by African Infrastructure Investment Managers (the "Fund Manager"). The Fund will seek to invest in hard assets energy transition businesses on the African continent with a significant focus on EBRD's Countries of Operations. The Fund Manager will focus on three core thematic decarbonization verticals: (i) clean electrons, (ii) clean molecules and (iii) sustainable transportation.European Bank for Reconstruction and DevelopmentAFRICAN TRANSITION ACCELERATION FUNDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BG-ABIDJAN5.35444 -4.00167CAIRO30.06263 31.24967-RABAT34.01325 -6.83255ABUJA9.05785 7.49508-TUNIS36.81897 10.1657921885669.2621885669.26AFRICAN TRANSITION ACCELERATION FUNDPRIVATEPRIVATEPRIVATEAn equity commitment of up to USD 25 million in favour of African Transition Acceleration Fund (the"Fund"), an en commandite partnership in South Africa. The Fund will be managed by African Infrastructure Investment Managers (the "Fund Manager"). The Fund will seek to invest in hard assets energy transition businesses on the African continent with a significant focus on EBRD's Countries of Operations. The Fund Manager will focus on three core thematic decarbonization verticals: (i) clean electrons, (ii) clean molecules and (iii) sustainable transportation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56928XI-IATI-EBRD-55499European Bank for Reconstruction and DevelopmentA senior sovereign-guaranteed loan of up to EUR 300 million in favour of JSC "Ukrainian Railways" (the "Company" or "UZ"). The Loan will finance acquisition of electric locomotives and consist of two tranches: (i) EUR 120 million committed Tranche 1 and (ii) EUR 180 million uncommitted Tranche 2. The operation will enable the Company to address its critical needs to renew its operating fleet, to maintain operations and ensure stable and uninterrupted railway cargo (including logistics for the agricultural exports and critical imports) and passenger transportation services, despite the devastating impact of the war on Ukraine. In the current crisis environment triggered by the war on Ukraine, the emergency capex program covering acquisition of electric locomotives will support the Company in addressing its critical operating fleet renewal and ensuring continuity of its operations. Provision of essential railway cargo and passenger transportation services remains critical for the Ukrainian population, the Ukrainian economy and continued functioning of the private sector, as well as for humanitarian efforts.European Bank for Reconstruction and DevelopmentUKRAINIAN RAILWAYS PJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.5238120000000UKRAINIAN RAILWAYS PJSC1200000UKRAINIAN RAILWAYS PJSC118800000UKRAINIAN RAILWAYS PJSCSTATESTATESTATESTATEA senior sovereign-guaranteed loan of up to EUR 300 million in favour of JSC "Ukrainian Railways" (the "Company" or "UZ"). The Loan will finance acquisition of electric locomotives and consist of two tranches: (i) EUR 120 million committed Tranche 1 and (ii) EUR 180 million uncommitted Tranche 2. The operation will enable the Company to address its critical needs to renew its operating fleet, to maintain operations and ensure stable and uninterrupted railway cargo (including logistics for the agricultural exports and critical imports) and passenger transportation services, despite the devastating impact of the war on Ukraine. In the current crisis environment triggered by the war on Ukraine, the emergency capex program covering acquisition of electric locomotives will support the Company in addressing its critical operating fleet renewal and ensuring continuity of its operations. Provision of essential railway cargo and passenger transportation services remains critical for the Ukrainian population, the Ukrainian economy and continued functioning of the private sector, as well as for humanitarian efforts. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55499XI-IATI-EBRD-56084European Bank for Reconstruction and DevelopmentA long-term senior secured loan of up to €15 million in favour of Terme Catez d.d. to finance a capex program aimed at upgrading the hospitality facilities, including hotel refurbishments, water treatment infrastructure, energy efficiency upgrades, and new year-round attractions. Through this investment, the EBRD is supporting: (i) family-friendly, accessible tourism, given the Borrower's hotel facilities in the 3- to 4-star range; (ii) the promotion of domestic and regional travel, as 60% of visitors originate from Slovenia and neighbouring Croatia; and (iii) a shift toward lower-carbon tourism models by reducing reliance on long-haul travel and strengthening local, year-round destinationsI. In particular, the Project supports the green transition of Slovenia's tourism infrastructure through targeted energy-efficiency upgrades across the Borrower's portfolio of operational hotel assets, aiming to reduce energy consumption and carbon emissions. A key climate-resilience feature includes the installation of an on-site groundwater pumping facility, along with the introduction of a wastewater treatment system. Additionally, the Project will invest in human capital by implementing dedicated skills-development and training programmes for the Borrower's staff, strengthening capacity building and long-term competitiveness.European Bank for Reconstruction and DevelopmentTERME CATEZ DDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBREZICE45.90333 15.591111500000015000000TERME CATEZ DDPRIVATEPRIVATEPRIVATEA long-term senior secured loan of up to €15 million in favour of Terme Catez d.d. to finance a capex program aimed at upgrading the hospitality facilities, including hotel refurbishments, water treatment infrastructure, energy efficiency upgrades, and new year-round attractions. Through this investment, the EBRD is supporting: (i) family-friendly, accessible tourism, given the Borrower's hotel facilities in the 3- to 4-star range; (ii) the promotion of domestic and regional travel, as 60% of visitors originate from Slovenia and neighbouring Croatia; and (iii) a shift toward lower-carbon tourism models by reducing reliance on long-haul travel and strengthening local, year-round destinationsI. In particular, the Project supports the green transition of Slovenia's tourism infrastructure through targeted energy-efficiency upgrades across the Borrower's portfolio of operational hotel assets, aiming to reduce energy consumption and carbon emissions. A key climate-resilience feature includes the installation of an on-site groundwater pumping facility, along with the introduction of a wastewater treatment system. Additionally, the Project will invest in human capital by implementing dedicated skills-development and training programmes for the Borrower's staff, strengthening capacity building and long-term competitiveness. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56084XI-IATI-EBRD-53181European Bank for Reconstruction and DevelopmentOn 28 April 2021, the EBRD invested EUR 50 million (10% participation) in a senior preferred bond issued by Eurobank S.A. ('ERB') as a part of a public benchmark issuance of EUR 500 million listed on the Luxembourg Stock Exchange's EURO MTF market. On 7 September 2021, the EBRD invested another EUR 27 million (5.4% participation) in the second senior preferred bond issuance of ERB under the same programme. The project supports the resilience and regulatory compliance of the fourth largest bank in Greece, a systemically important institution in the country and contributes to the capital market development of Greece. The project also aims to support strong green-impact targets with 150% of the EBRD's investment to be allocated to finance green projects in line with EBRD's Green Economy Transition ("GET") eligibility criteria.European Bank for Reconstruction and DevelopmentEUROBANK SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATHENS37.98376 23.7278430000000EUROBANK SAPRIVATEPRIVATEPRIVATEOn 28 April 2021, the EBRD invested EUR 50 million (10% participation) in a senior preferred bond issued by Eurobank S.A. ('ERB') as a part of a public benchmark issuance of EUR 500 million listed on the Luxembourg Stock Exchange's EURO MTF market. On 7 September 2021, the EBRD invested another EUR 27 million (5.4% participation) in the second senior preferred bond issuance of ERB under the same programme. The project supports the resilience and regulatory compliance of the fourth largest bank in Greece, a systemically important institution in the country and contributes to the capital market development of Greece. The project also aims to support strong green-impact targets with 150% of the EBRD's investment to be allocated to finance green projects in line with EBRD's Green Economy Transition ("GET") eligibility criteria. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53181XI-IATI-EBRD-51602European Bank for Reconstruction and DevelopmentThe EBRD invested EUR 50 million (10% of the issuance amount) in senior preferred bonds issued by Eurobank S.A. ('ERB') , as part of a public benchmark issuance of EUR 500 million to be listed on the Luxembourg Stock Exchange's EURO MTF market. The issuance was marketed mainly to international institutional investors. The bonds have a 6-year maturity with a call option on the fifth year. This transaction marks Eurobank S.A.'s return to international capital markets, with its first senior unsecured bond issuance since 2014. The project supports the resilience and regulatory compliance of the fourth largest bank in Greece, a systemically important institution in the country and contributes to the capital market development of Greece. The project also aims to support strong green-impact targets with 150% of the EBRD's investment to be allocated to finance green projects in line with EBRD's Green Economy Transition ("GET") eligibility criteria.European Bank for Reconstruction and DevelopmentEUROBANK SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATHENS37.98376 23.7278450000000EUROBANK SAPRIVATEPRIVATEPRIVATEThe EBRD invested EUR 50 million (10% of the issuance amount) in senior preferred bonds issued by Eurobank S.A. ('ERB') , as part of a public benchmark issuance of EUR 500 million to be listed on the Luxembourg Stock Exchange's EURO MTF market. The issuance was marketed mainly to international institutional investors. The bonds have a 6-year maturity with a call option on the fifth year. This transaction marks Eurobank S.A.'s return to international capital markets, with its first senior unsecured bond issuance since 2014. The project supports the resilience and regulatory compliance of the fourth largest bank in Greece, a systemically important institution in the country and contributes to the capital market development of Greece. The project also aims to support strong green-impact targets with 150% of the EBRD's investment to be allocated to finance green projects in line with EBRD's Green Economy Transition ("GET") eligibility criteria. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51602XI-IATI-EBRD-56269European Bank for Reconstruction and DevelopmentUp to EUR 25m holding level loan to R4R Poland Sp. z o.o. ("Resi4Rent" or the "Company"), a limited liability company incorporated in Poland, for financing the development and operation of a pipeline of apartments for rent across Poland. The proposed transaction will upsize the original project of EUR 75m loan (the "Original Transaction") and support Resi4Rent in the further growth of its portfolio. The proceeds from the planned financing will be utilized to finance the development and operation of a portfolio of apartments for rent located across Poland. Currently, the Company operates in the Private Rented Sector with ca. 5,400 units, and according to its business plan, aims to build a platform with 10,000 operating units by 2026.European Bank for Reconstruction and DevelopmentR4R POLAND SP ZOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.0117825000000R4R POLAND SP ZOOPRIVATEPRIVATEPRIVATEUp to EUR 25m holding level loan to R4R Poland Sp. z o.o. ("Resi4Rent" or the "Company"), a limited liability company incorporated in Poland, for financing the development and operation of a pipeline of apartments for rent across Poland. The proposed transaction will upsize the original project of EUR 75m loan (the "Original Transaction") and support Resi4Rent in the further growth of its portfolio. The proceeds from the planned financing will be utilized to finance the development and operation of a portfolio of apartments for rent located across Poland. Currently, the Company operates in the Private Rented Sector with ca. 5,400 units, and according to its business plan, aims to build a platform with 10,000 operating units by 2026. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56269XI-IATI-EBRD-53273European Bank for Reconstruction and DevelopmentProvision of a long term senior loan of up to PLN 115 million (EUR 25 million) in favour of Benefit Systems S.A. ("Benefit", "Company"), a joint-stock company domiciled in Poland, to finance (i) development of the new "MultiLife" platform and inclusion initiatives targeting increased physical activities; (ii) both organic and M&A driven expansion programme; and (iii) Green Economy Transition (GET) eligible investments. The proposed facility will support Benefit's mission to promote active lifestyle among all groups of society, especially among elderly and disabled people, as well as increase society's awareness of physical activities, healthy nutrition and ways to support mental wellbeing at any point in life.European Bank for Reconstruction and DevelopmentBENEFIT SYSTEMS SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.0117826649618.04BENEFIT SYSTEMS SAPRIVATEPRIVATEPRIVATEProvision of a long term senior loan of up to PLN 115 million (EUR 25 million) in favour of Benefit Systems S.A. ("Benefit", "Company"), a joint-stock company domiciled in Poland, to finance (i) development of the new "MultiLife" platform and inclusion initiatives targeting increased physical activities; (ii) both organic and M&A driven expansion programme; and (iii) Green Economy Transition (GET) eligible investments. The proposed facility will support Benefit's mission to promote active lifestyle among all groups of society, especially among elderly and disabled people, as well as increase society's awareness of physical activities, healthy nutrition and ways to support mental wellbeing at any point in life. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53273XI-IATI-EBRD-53666European Bank for Reconstruction and DevelopmentFood Security Guarantee ("FSG", the "Facility") in the form of an unfunded risk-sharing instrument covering 60% of the credit risk in newly originated sub-loans and payment guarantees with the total value of EUR 25 million equivalent to be originated by PCBU. The Facility will support food security in Ukraine by enhancing PCBU's lending capacity and providing much needed access to finance for Ukrainian private companies operating in critical agri-related industries (farming, food and agri produce processing, transportation and imports), with the ultimate goal of preserving livelihoods in the country.European Bank for Reconstruction and DevelopmentPROCREDIT BANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.523814966213.71PROCREDIT BANK JSCPRIVATEPRIVATEPRIVATEFood Security Guarantee ("FSG", the "Facility") in the form of an unfunded risk-sharing instrument covering 60% of the credit risk in newly originated sub-loans and payment guarantees with the total value of EUR 25 million equivalent to be originated by PCBU. The Facility will support food security in Ukraine by enhancing PCBU's lending capacity and providing much needed access to finance for Ukrainian private companies operating in critical agri-related industries (farming, food and agri produce processing, transportation and imports), with the ultimate goal of preserving livelihoods in the country. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53666XI-IATI-EBRD-53144European Bank for Reconstruction and DevelopmentThe European Bank for Reconstruction and Development (EBRD) invested EUR 12 million in a debut 7-year EUR 120 million Green Bond issued by Noval Property REIC. The Green Bond is listed on the Athens Stock Exchange and aligned with the International Capital Market Association's (ICMA) Green Bond Principles (GBP). As part of the project, Noval Property has committed to invest the EBRD's proceeds in financing green-certified assets, achieving at least LEED "Gold" or BREEAM "Very Good" certification.European Bank for Reconstruction and DevelopmentNOVAL PROPERTY REICEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATHENS37.98376 23.7278412000000NOVAL PROPERTY REICPRIVATEPRIVATEPRIVATEThe European Bank for Reconstruction and Development (EBRD) invested EUR 12 million in a debut 7-year EUR 120 million Green Bond issued by Noval Property REIC. The Green Bond is listed on the Athens Stock Exchange and aligned with the International Capital Market Association's (ICMA) Green Bond Principles (GBP). As part of the project, Noval Property has committed to invest the EBRD's proceeds in financing green-certified assets, achieving at least LEED "Gold" or BREEAM "Very Good" certification. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53144XI-IATI-EBRD-51443European Bank for Reconstruction and DevelopmentProvision of a senior long-term loan ("loan") of EUR 3m to PrJSC Lantmannen Axa (the "borrower", "company"), a breakfast cereal producer in Ukraine. The loan is a stand-by working capital facility, which will be used in cases of liquidity needs for working capital purposes (the "project").European Bank for Reconstruction and DevelopmentLANTMANNEN AXA PJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.52385000001500000LANTMANNEN AXA PJSCPRIVATEPRIVATEPRIVATEProvision of a senior long-term loan ("loan") of EUR 3m to PrJSC Lantmannen Axa (the "borrower", "company"), a breakfast cereal producer in Ukraine. The loan is a stand-by working capital facility, which will be used in cases of liquidity needs for working capital purposes (the "project"). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51443XI-IATI-EBRD-51521European Bank for Reconstruction and DevelopmentEUR 20 million senior secured loan to Winner Group, US-owned leading Ukrainian importer and retailer of several well-known international vehicle brands. Financing will focus on green economy transition and circular economy through investments in new sustainable dealerships for Renault and Volvo, expansion of client's logistic capacities, distribution and service infrastructure for vehicles, including electric. All building financed by the Bank will obtain BREEAM or EDGE sustainable certification. Project contributes to the adoption of advanced green practices in a country where such standards and practices are still uncommon, for instance, according to the latest data, only 12 BREEAM certificates have been issued in Ukraine to date with only one certificate issued in the retail category.European Bank for Reconstruction and DevelopmentWINNER IMPORTS UKRAINE LTD LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.52381000000WINNER IMPORTS UKRAINE LTD LLCPRIVATEPRIVATEPRIVATEEUR 20 million senior secured loan to Winner Group, US-owned leading Ukrainian importer and retailer of several well-known international vehicle brands. Financing will focus on green economy transition and circular economy through investments in new sustainable dealerships for Renault and Volvo, expansion of client's logistic capacities, distribution and service infrastructure for vehicles, including electric. All building financed by the Bank will obtain BREEAM or EDGE sustainable certification. Project contributes to the adoption of advanced green practices in a country where such standards and practices are still uncommon, for instance, according to the latest data, only 12 BREEAM certificates have been issued in Ukraine to date with only one certificate issued in the retail category. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51521XI-IATI-EBRD-55534European Bank for Reconstruction and DevelopmentAn equity commitment of up to €40 million in favour of CVI Private Debt Fund II S.C.A. SICAV-RAIF (the Fund). The Fund will provide flexible debt financing solutions predominantly to small and medium-sized enterprises (SMEs) mostly via senior/unitranche debt instruments, with the potential to also execute junior debt transactions. The Fund will invest primarily in Poland and also in selected opportunities in other Central and Eastern European (CEE) countries.European Bank for Reconstruction and DevelopmentCVI PRIVATE DEBT FUND II SCA SICAV-RAIFEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSOFIA42.69751 23.32415PRAGUE50.08804 14.42076TALLINN59.43696 24.75353ZAGREB45.81444 15.97798BUDAPEST47.49835 19.04045VILNIUS54.68916 25.2798RIGA56.946 24.10589WARSAW52.22977 21.01178BUCHAREST44.43225 26.10626LJUBLJANA46.05108 14.50513BRATISLAVA48.14816 17.1067417872257.3140200000CVI PRIVATE DEBT FUND II SCA SICAV-RAIFPRIVATEPRIVATEPRIVATEAn equity commitment of up to €40 million in favour of CVI Private Debt Fund II S.C.A. SICAV-RAIF (the Fund). The Fund will provide flexible debt financing solutions predominantly to small and medium-sized enterprises (SMEs) mostly via senior/unitranche debt instruments, with the potential to also execute junior debt transactions. The Fund will invest primarily in Poland and also in selected opportunities in other Central and Eastern European (CEE) countries. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55534XI-IATI-EBRD-54113European Bank for Reconstruction and DevelopmentUp to USD 4 million, local currency denominated, three year Women in Business (WIB) credit line to Credo Bank. This will be the first WiB project between EBRD and Credo, therefore adding one more participant to WiB framework. Lending to women and women-led businesses has always been at the core of bank's business, more than a half (by number) and up to 45% (by volume) of Credo's loan book has a female gender tag. WiB will continue promoting women entrepreneurship and women participation in business by building or improving efficiency of respective entities through expertise and advisory services (ASB) provided under the framework. Credo will be the third bank and financial institution to join the programme in Georgia.European Bank for Reconstruction and DevelopmentCREDO BANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTBILISI41.69411 44.833683535264.17CREDO BANK JSCPRIVATEPRIVATEPRIVATEUp to USD 4 million, local currency denominated, three year Women in Business (WIB) credit line to Credo Bank. This will be the first WiB project between EBRD and Credo, therefore adding one more participant to WiB framework. Lending to women and women-led businesses has always been at the core of bank's business, more than a half (by number) and up to 45% (by volume) of Credo's loan book has a female gender tag. WiB will continue promoting women entrepreneurship and women participation in business by building or improving efficiency of respective entities through expertise and advisory services (ASB) provided under the framework. Credo will be the third bank and financial institution to join the programme in Georgia. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54113XI-IATI-EBRD-54346European Bank for Reconstruction and DevelopmentProvision of an equity investment of up to USD 75 million (EUR 68.5 million) in HAU Energy BV, a funding vehicle ("Company") established by Hassan Allam Utilities ("HAU"). The EBRD investment will raise capital for the development and construction of renewable energy projects in the region, including HAU's most imminent project, namely, the 1.1 GW Gulf of Suez wind farm in Egypt (the "Project"). The Project will further promote private sector participation in the Egyptian power sector and support the roll-out of renewable energy projects in Egypt and the region to achieve the nationally declared targets.European Bank for Reconstruction and DevelopmentHAU ENERGY BVEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496735017070.823112092.44HAU ENERGY BV35017070.82HAU ENERGY BVPRIVATEPRIVATEPRIVATEProvision of an equity investment of up to USD 75 million (EUR 68.5 million) in HAU Energy BV, a funding vehicle ("Company") established by Hassan Allam Utilities ("HAU"). The EBRD investment will raise capital for the development and construction of renewable energy projects in the region, including HAU's most imminent project, namely, the 1.1 GW Gulf of Suez wind farm in Egypt (the "Project"). The Project will further promote private sector participation in the Egyptian power sector and support the roll-out of renewable energy projects in Egypt and the region to achieve the nationally declared targets. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54346XI-IATI-EBRD-55461European Bank for Reconstruction and DevelopmentA sub-sovereign loan ("the Loan") to the City of Chisinau (the "City") to finance the extension and upgrade of three primary urban road links, which are crucial road arteries totaling ca. 8.5km in the city of Chisinau, and to support related local area development: (i) Mircea cel Batran avenue; (ii) Industriala street; and (iii) Mesager street. The Project benefits from a first loss risk cover from the European Fund for Sustainable Development plus ("EFSD+") Municipal Infrastructure and Industrial Resilience ("MIIR") guarantee programme. The programme contributes to transitioning economies in the European Neighbourhood South and European Neighbourhood East by supporting sustainable investments in green city infrastructure, greening logistics chains, energy efficiency and green technology transfers in industrial processes, commercial operations and buildings. The Project aims to provide the City with the key enabling infrastructure to: (i) support zonal urban development plans and boost industrial and economic development; (ii) promote sustainable mobility through improved traffic management and integration of facilities for sustainable and inclusive mobility, in accordance with the sustainable urban mobility plan ("SUMP"), (iii) incorporate nature positive measures. The operation will enable the City to provide essential access to new urban development areas to cater for its evolving population, social and economic needs. Furthermore, it shall integrate all relevant provisions for sustainable mobility modes, provide quality and inclusive urban spaces for its citizens and support the development of practices that enhance and build resilient urbanisation.European Bank for Reconstruction and DevelopmentCITY OF CHISINAUEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCHISINAU47.00556 28.85751610000016100000CITY OF CHISINAUSTATESTATESTATESTATEA sub-sovereign loan ("the Loan") to the City of Chisinau (the "City") to finance the extension and upgrade of three primary urban road links, which are crucial road arteries totaling ca. 8.5km in the city of Chisinau, and to support related local area development: (i) Mircea cel Batran avenue; (ii) Industriala street; and (iii) Mesager street. The Project benefits from a first loss risk cover from the European Fund for Sustainable Development plus ("EFSD+") Municipal Infrastructure and Industrial Resilience ("MIIR") guarantee programme. The programme contributes to transitioning economies in the European Neighbourhood South and European Neighbourhood East by supporting sustainable investments in green city infrastructure, greening logistics chains, energy efficiency and green technology transfers in industrial processes, commercial operations and buildings. The Project aims to provide the City with the key enabling infrastructure to: (i) support zonal urban development plans and boost industrial and economic development; (ii) promote sustainable mobility through improved traffic management and integration of facilities for sustainable and inclusive mobility, in accordance with the sustainable urban mobility plan ("SUMP"), (iii) incorporate nature positive measures. The operation will enable the City to provide essential access to new urban development areas to cater for its evolving population, social and economic needs. Furthermore, it shall integrate all relevant provisions for sustainable mobility modes, provide quality and inclusive urban spaces for its citizens and support the development of practices that enhance and build resilient urbanisation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55461XI-IATI-EBRD-56533European Bank for Reconstruction and DevelopmentThe EBRD is planning to invest up to EUR 75 million, under the NPL Resolution Framework II, into an NPL Co-Investment Programme for the purpose of acquiring portfolios of NPLs and other distressed assets across the EBRD regions alongside APS Holding (https://www.aps-holding.com/) and other potential 3rd party co-investors. EBRD's continued commitment to APS Holding supports a leading NPL manager, helping to expand its debt servicing capacity and facilitating faster recovery of distressed assets while maintaining responsible collection practices. The NPL Co-Investment Programme will support the resilience and competitiveness of the financial sector in the EBRD regions, maintaining and ensuring a well-functioning NPL and distressed asset market, contributing towards the sustainable resolution of NPLs and financial reintegration of businesses and individuals across the EBRD economies.European Bank for Reconstruction and DevelopmentAPS LAMBDA SARLEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSOFIA42.69751 23.32415PRAGUE50.08804 14.42076ZAGREB45.81444 15.97798BUDAPEST47.49835 19.04045VILNIUS54.68916 25.2798PODGORICA42.44111 19.26361WARSAW52.22977 21.01178BUCHAREST44.43225 26.106262500000025000000APS LAMBDA SARLPRIVATEPRIVATEPRIVATEThe EBRD is planning to invest up to EUR 75 million, under the NPL Resolution Framework II, into an NPL Co-Investment Programme for the purpose of acquiring portfolios of NPLs and other distressed assets across the EBRD regions alongside APS Holding (https://www.aps-holding.com/) and other potential 3rd party co-investors. EBRD's continued commitment to APS Holding supports a leading NPL manager, helping to expand its debt servicing capacity and facilitating faster recovery of distressed assets while maintaining responsible collection practices. The NPL Co-Investment Programme will support the resilience and competitiveness of the financial sector in the EBRD regions, maintaining and ensuring a well-functioning NPL and distressed asset market, contributing towards the sustainable resolution of NPLs and financial reintegration of businesses and individuals across the EBRD economies. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56533XI-IATI-EBRD-55604European Bank for Reconstruction and DevelopmentFinancing in favour of UAB "Vejas LT" and WINDLIT, UAB, special purpose vehicles incorporated in Lithuania for the development, construction and operation of two onshore wind farms with 303 MW installed capacity in total (107 MW and 196 MW respectively) in the Kelme region of northwest Lithuania. The operation will enable constructing and operating two onshore wind farms with a combined capacity of 303 MW, with 44 turbine generators supplied by a European wind turbine manufacturer. The Banks proceed will be used alongside Sponsor's equity and co-lenders debt to fund the total cost of the project.European Bank for Reconstruction and DevelopmentVEJAS LT UABEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKELME55.63009 22.934979500000VEJAS LT UAB79500000VEJAS LT UABSTATESTATESTATESTATEFinancing in favour of UAB "Vejas LT" and WINDLIT, UAB, special purpose vehicles incorporated in Lithuania for the development, construction and operation of two onshore wind farms with 303 MW installed capacity in total (107 MW and 196 MW respectively) in the Kelme region of northwest Lithuania. The operation will enable constructing and operating two onshore wind farms with a combined capacity of 303 MW, with 44 turbine generators supplied by a European wind turbine manufacturer. The Banks proceed will be used alongside Sponsor's equity and co-lenders debt to fund the total cost of the project. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55604XI-IATI-EBRD-52436European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan to Armeconombank of up to EUR 5 million for financing of micro, small and medium-sized enterprises (MSMEs) under the SME Competitiveness Programme in Eastern Partnership countries of the EU (EAP) ("SME Competitiveness Programme"). The proceeds of the Bank's investment will be on-lent by Armeconombank in line with the SME Competitiveness Programme's policy statement to private sector sub-borrowers in order to upgrade their technologies and equipment to EU standards including for investments promoting sustainable and green technologies, thereby enhancing businesses' competitiveness.European Bank for Reconstruction and DevelopmentARMENIAN ECONOMY DEVELOPMENT BANK OJSC (ARMECONOMBANK)European Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYEREVAN40.18111 44.513616479717.64ARMENIAN ECONOMY DEVELOPMENT BANK OJSC (ARMECONOMBANK)PRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan to Armeconombank of up to EUR 5 million for financing of micro, small and medium-sized enterprises (MSMEs) under the SME Competitiveness Programme in Eastern Partnership countries of the EU (EAP) ("SME Competitiveness Programme"). The proceeds of the Bank's investment will be on-lent by Armeconombank in line with the SME Competitiveness Programme's policy statement to private sector sub-borrowers in order to upgrade their technologies and equipment to EU standards including for investments promoting sustainable and green technologies, thereby enhancing businesses' competitiveness. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52436XI-IATI-EBRD-55922European Bank for Reconstruction and DevelopmentParticipation of €5 million in a €27 million local bond issuance (the "Bond") by Incom. The proceeds from the Bond issuance will be utilised for (i) capex investments, (ii) working capital and (iii) refinancing of the existing financial indebtedness. The Bond is listed on Ljubljana Stock Exchange and publicly traded. The main objective of the Project is to support the Company's investment program and further strengthen its balance sheet.European Bank for Reconstruction and DevelopmentINCOM DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGAJDOVSCINA45.88601 13.909465000000INCOM DOOPRIVATEPRIVATEPRIVATEParticipation of €5 million in a €27 million local bond issuance (the "Bond") by Incom. The proceeds from the Bond issuance will be utilised for (i) capex investments, (ii) working capital and (iii) refinancing of the existing financial indebtedness. The Bond is listed on Ljubljana Stock Exchange and publicly traded. The main objective of the Project is to support the Company's investment program and further strengthen its balance sheet. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55922XI-IATI-EBRD-56673European Bank for Reconstruction and DevelopmentThe Project consists of investments of up to PLN 650 million (c.a. €153 million equivalent) in a series of covered bonds to be issued by ING Bank Hipoteczny ("ING BH") over a period of three years on the Polish and international capital markets. On 23 September 2025, EBRD invested PLN 160 million (EUR 38 million) in the covered bond issuance by ING BH, listed on the Luxembourg and Warsaw Stock Exchanges. The bonds have a maturity of 4 years. On 2 June 2026, EBRD invested PLN 300 million (EUR 70 million) in the covered bond issuance by ING BH, listed on the Luxembourg and Warsaw Stock Exchanges. The bonds have a maturity of 4 years. The project contributes to the development of Poland's capital market through investments in covered bonds ("CBs") of ING BH, supporting the bank in establishing a stronger capital markets track record, thereby enhancing the resilience of an important financial institution in the country. The project also aims to promote the green transition in Poland.European Bank for Reconstruction and DevelopmentING BANK HIPOTECZNY SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKATOWICE50.25841 19.02754107028914.56ING BANK HIPOTECZNY SAPRIVATEPRIVATEPRIVATEThe Project consists of investments of up to PLN 650 million (c.a. €153 million equivalent) in a series of covered bonds to be issued by ING Bank Hipoteczny ("ING BH") over a period of three years on the Polish and international capital markets. On 23 September 2025, EBRD invested PLN 160 million (EUR 38 million) in the covered bond issuance by ING BH, listed on the Luxembourg and Warsaw Stock Exchanges. The bonds have a maturity of 4 years. On 2 June 2026, EBRD invested PLN 300 million (EUR 70 million) in the covered bond issuance by ING BH, listed on the Luxembourg and Warsaw Stock Exchanges. The bonds have a maturity of 4 years. The project contributes to the development of Poland's capital market through investments in covered bonds ("CBs") of ING BH, supporting the bank in establishing a stronger capital markets track record, thereby enhancing the resilience of an important financial institution in the country. The project also aims to promote the green transition in Poland. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56673XI-IATI-EBRD-55543European Bank for Reconstruction and DevelopmentAn uncapped unfunded portfolio risk sharing facility in the amount of up to EUR 80 million, to be provided by the EBRD as an InvestEU implementing partner to BNP Paribas Bank Polska S.A. ("BNPP PL"), as an eligible partner financial intermediary ("PFI") in Poland under the InvestEU Green Uncapped Portfolio Guarantee Framework (the "Framework"). The guarantee will cover a newly generated portfolio of loans financing eligible green projects related to residential buildings. The Project benefits from partial first loss risk cover from the European Union under the InvestEU Fund. The Project aims to address high energy consumption in residential buildings in Poland and is expected to contribute to increased sustainable energy investments, leading to energy savings and a reduction of carbon emissions.European Bank for Reconstruction and DevelopmentBNP PARIBAS BANK POLSKA SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.011788000000080000000BNP PARIBAS BANK POLSKA SAPRIVATEPRIVATEPRIVATEAn uncapped unfunded portfolio risk sharing facility in the amount of up to EUR 80 million, to be provided by the EBRD as an InvestEU implementing partner to BNP Paribas Bank Polska S.A. ("BNPP PL"), as an eligible partner financial intermediary ("PFI") in Poland under the InvestEU Green Uncapped Portfolio Guarantee Framework (the "Framework"). The guarantee will cover a newly generated portfolio of loans financing eligible green projects related to residential buildings. The Project benefits from partial first loss risk cover from the European Union under the InvestEU Fund. The Project aims to address high energy consumption in residential buildings in Poland and is expected to contribute to increased sustainable energy investments, leading to energy savings and a reduction of carbon emissions. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55543XI-IATI-EBRD-51236European Bank for Reconstruction and DevelopmentProvision of a senior loan to Santander Leasing S.A. under the Poland GEFF Leasing Framework. The proceeds will be used to provide financing in form of sub-loans or leases. The proceeds of the loan will be used to provide financing to micro, small and medium-sized enterprises ("MSMEs") in Poland for energy and resource efficiency, renewable energy, water and waste management sub-projects, through private businesses, that stimulate green economy transition. The eligible sub-projects will cover a broad spectrum of technologies and will be selected according to technical, financial and environmental eligibility criteria.European Bank for Reconstruction and DevelopmentSANTANDER LEASING SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPOZNAN52.40692 16.9299380923166.27SANTANDER LEASING SAPRIVATEPRIVATEPRIVATEProvision of a senior loan to Santander Leasing S.A. under the Poland GEFF Leasing Framework. The proceeds will be used to provide financing in form of sub-loans or leases. The proceeds of the loan will be used to provide financing to micro, small and medium-sized enterprises ("MSMEs") in Poland for energy and resource efficiency, renewable energy, water and waste management sub-projects, through private businesses, that stimulate green economy transition. The eligible sub-projects will cover a broad spectrum of technologies and will be selected according to technical, financial and environmental eligibility criteria. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51236XI-IATI-EBRD-51992European Bank for Reconstruction and DevelopmentThe provision of a US$ 130 million loan to the subsidiaries of Sodrugestvo Group in Belarus, Belagroterminal LLC ("BAT") and Sodrugestvo Trans-Agro LLC ("STA") (the "Companies") to finance capital expenditure, working capital needs, consolidate and extend the maturity of the existing financial debt (the "Project"). Up to US$ 45 million out of this amount is expected to be syndicated to commercial banks through the EBRD's A/B loan structure. The operation will enable the Companies to finance the acquisition of grain hoppers for the Companies' needs to supply their Belarusian production facility and transport finished products; consolidate and extend the maturity of the existing financial debt of BAT; finance capital expenditure needs including, amongst others, the construction and the equipping of the boiler house, and working capital financing for the optimisation of procurement of raw materials.European Bank for Reconstruction and DevelopmentINTERGRAIN SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGMINSK53.9 27.56667105051212.46INTERGRAIN SAPRIVATEPRIVATEPRIVATEThe provision of a US$ 130 million loan to the subsidiaries of Sodrugestvo Group in Belarus, Belagroterminal LLC ("BAT") and Sodrugestvo Trans-Agro LLC ("STA") (the "Companies") to finance capital expenditure, working capital needs, consolidate and extend the maturity of the existing financial debt (the "Project"). Up to US$ 45 million out of this amount is expected to be syndicated to commercial banks through the EBRD's A/B loan structure. The operation will enable the Companies to finance the acquisition of grain hoppers for the Companies' needs to supply their Belarusian production facility and transport finished products; consolidate and extend the maturity of the existing financial debt of BAT; finance capital expenditure needs including, amongst others, the construction and the equipping of the boiler house, and working capital financing for the optimisation of procurement of raw materials. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51992XI-IATI-EBRD-51090European Bank for Reconstruction and DevelopmentProvision of a EUR 259 million sovereign loan, in two tranches, to the Republic of Belarus (Project): Tranche I in amount of EUR 126 million and Tranche II in amount of EUR 133 million. Tranche I of the loan will co-finance the reconstruction and modernisation of 12 regional bridges. The EBRD put on hold consideration of Tranche II of the loan for co-financing M3 Minsk-Vitebsk road section on North-South Corridor. The identified 12 bridges are in dilapidated conditions, which require an immediate rehabilitation to avoid bridges closure. The Project will support Belarus' economic development and bring operational efficiency from improved regional infrastructure through reconstruction of bridges.European Bank for Reconstruction and DevelopmentBELARUS SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGMINSK53.9 27.56667126000000BELARUS SOVEREIGN1260000BELARUS SOVEREIGN1380020.88BELARUS SOVEREIGN214772.54BELARUS SOVEREIGN165700.83BELARUS SOVEREIGN2607044.95BELARUS SOVEREIGN283408.62BELARUS SOVEREIGN666511.41BELARUS SOVEREIGN2064406.2BELARUS SOVEREIGN7862941.48BELARUS SOVEREIGN1958618.64BELARUS SOVEREIGN1024507.17BELARUS SOVEREIGN2126015.44BELARUS SOVEREIGN1766380.32BELARUS SOVEREIGNSTATESTATESTATESTATEProvision of a EUR 259 million sovereign loan, in two tranches, to the Republic of Belarus (Project): Tranche I in amount of EUR 126 million and Tranche II in amount of EUR 133 million. Tranche I of the loan will co-finance the reconstruction and modernisation of 12 regional bridges. The EBRD put on hold consideration of Tranche II of the loan for co-financing M3 Minsk-Vitebsk road section on North-South Corridor. The identified 12 bridges are in dilapidated conditions, which require an immediate rehabilitation to avoid bridges closure. The Project will support Belarus' economic development and bring operational efficiency from improved regional infrastructure through reconstruction of bridges. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51090XI-IATI-EBRD-56867European Bank for Reconstruction and DevelopmentAn unfunded risk sharing instrument (the "Facility") partly covering the credit risk in new sub loans with the total value of EUR 45 million equivalent (the "Covered Portfolio") to be originated by Bank Lviv ("BL", the "PFI") in Ukraine. The Facility will include two sub-limits with the Covered Portfolio of: (i) EUR 36 million under the Resilience and Livelihoods Guarantee product, and (iii) EUR 9 million under the EU4Business-EBRD Credit Line with Incentives (assigned with a separate EBRD project number 56868). Under the Resilience and Livelihoods Guarantee product, sub-loans will finance broader working capital and investment needs of Ukrainian private businesses across key economic sectors, helping sustain their operations and livelihoods. Under the EU4Business-EBRD Credit Line with Incentives, the EBRD and the EU support investment projects of local micro, small and medium enterprises ("MSMEs"). The EBRD enables financing of long-term capital investments of MSMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies, thereby enhancing their competitiveness. The Facility will be used to support lending to Ukrainian private companies operating in the primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in Ukraine.European Bank for Reconstruction and DevelopmentBANK LVIV JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGLVIV49.83826 24.023242520000025200000BANK LVIV JSCPRIVATEPRIVATEPRIVATEAn unfunded risk sharing instrument (the "Facility") partly covering the credit risk in new sub loans with the total value of EUR 45 million equivalent (the "Covered Portfolio") to be originated by Bank Lviv ("BL", the "PFI") in Ukraine. The Facility will include two sub-limits with the Covered Portfolio of: (i) EUR 36 million under the Resilience and Livelihoods Guarantee product, and (iii) EUR 9 million under the EU4Business-EBRD Credit Line with Incentives (assigned with a separate EBRD project number 56868). Under the Resilience and Livelihoods Guarantee product, sub-loans will finance broader working capital and investment needs of Ukrainian private businesses across key economic sectors, helping sustain their operations and livelihoods. Under the EU4Business-EBRD Credit Line with Incentives, the EBRD and the EU support investment projects of local micro, small and medium enterprises ("MSMEs"). The EBRD enables financing of long-term capital investments of MSMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies, thereby enhancing their competitiveness. The Facility will be used to support lending to Ukrainian private companies operating in the primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56867XI-IATI-EBRD-52775European Bank for Reconstruction and DevelopmentProvision of up to EUR 25 million unsecured loan under the GCF GEFF Regional- Morocco II framework to BMCI, of which up to EUR 23.750,000 equivalent in MAD to be provided by EBRD and up to EUR 1,250,000 by the Green Climate Fund ("GCF") under the GCF-Green Economy Financing Facility ("GEFF") Regional Framework. The proceeds of the GCF GEFF loan will be on lent to private companies to finance Green Economy investments in climate change mitigation and adaptation technologies. The project will facilitate a green economy in Morocco by on lending to individuals and private sector sub-borrowers to implement green investments in energy efficiency, renewable energy and climate resilience measures.European Bank for Reconstruction and DevelopmentBANQUE MAROCAINE POUR LE COMMERCE ET L'INDUSTRIE (BMCI)European Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCASABLANCA33.58831 -7.6113824702066.38BANQUE MAROCAINE POUR LE COMMERCE ET L'INDUSTRIE (BMCI)PRIVATEPRIVATEPRIVATEProvision of up to EUR 25 million unsecured loan under the GCF GEFF Regional- Morocco II framework to BMCI, of which up to EUR 23.750,000 equivalent in MAD to be provided by EBRD and up to EUR 1,250,000 by the Green Climate Fund ("GCF") under the GCF-Green Economy Financing Facility ("GEFF") Regional Framework. The proceeds of the GCF GEFF loan will be on lent to private companies to finance Green Economy investments in climate change mitigation and adaptation technologies. The project will facilitate a green economy in Morocco by on lending to individuals and private sector sub-borrowers to implement green investments in energy efficiency, renewable energy and climate resilience measures. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52775XI-IATI-EBRD-52696European Bank for Reconstruction and DevelopmentProvision of an equity investment of up to USD 25 million in Ezdehar Fund II (the "Fund"). The Fund has a target size of USD 150 million. The Fund will seek to achieve long-term capital growth by making equity and equity-related investments in Egyptian small and mid-sized companies.European Bank for Reconstruction and DevelopmentEZDEHAR MID-CAP FUND II COOPERATIEF UAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.249677699515.4222411386.94EZDEHAR MID-CAP FUND II COOPERATIEF UAPRIVATEPRIVATEPRIVATEProvision of an equity investment of up to USD 25 million in Ezdehar Fund II (the "Fund"). The Fund has a target size of USD 150 million. The Fund will seek to achieve long-term capital growth by making equity and equity-related investments in Egyptian small and mid-sized companies. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52696XI-IATI-EBRD-55859European Bank for Reconstruction and DevelopmentAn investment of €10 million in the senior preferred bonds issued by Gorenjska banka d.d. ("GB") issued on 22 November 2024 and listed on the Ljubljana Stock Exchange. The project is under the Financial Intermediaries Framework ("FIF"). The project (1) facilitates the expansion of the lending to MSMEs in the country and (2) supports the Bank's GET through promoting the financing of green technologies. GB will allocate 150% of EBRD's funds invested in the bond to finance MSME expansion and 100% of the funds to support GET-eligible projects. Additionally, the project has a broader objective of strengthening the resilience of Slovenia's financial sector by (i) supporting capital market development through increased bond issuances by Slovene banks and (ii) enhancing the loss-absorbing capacity of a systemic institution to ensure a continuous flow of credit within the economy.European Bank for Reconstruction and DevelopmentGORENJSKA BANKA DDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKRANJ46.23887 14.355619500000GORENJSKA BANKA DDPRIVATEPRIVATEPRIVATEAn investment of €10 million in the senior preferred bonds issued by Gorenjska banka d.d. ("GB") issued on 22 November 2024 and listed on the Ljubljana Stock Exchange. The project is under the Financial Intermediaries Framework ("FIF"). The project (1) facilitates the expansion of the lending to MSMEs in the country and (2) supports the Bank's GET through promoting the financing of green technologies. GB will allocate 150% of EBRD's funds invested in the bond to finance MSME expansion and 100% of the funds to support GET-eligible projects. Additionally, the project has a broader objective of strengthening the resilience of Slovenia's financial sector by (i) supporting capital market development through increased bond issuances by Slovene banks and (ii) enhancing the loss-absorbing capacity of a systemic institution to ensure a continuous flow of credit within the economy. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55859XI-IATI-EBRD-56557European Bank for Reconstruction and DevelopmentThe Scornicesti BESS project involves the development, construction, and operation of a 127 MW / 254 MWh standalone battery energy storage system ("BESS") in Olt County, Romania (the "Project"). The facility will be among the first large-scale, partially merchant-based battery storage projects in the country, supporting grid stability and the integration of renewable energy sources. The Project's financing structure consists of a non-recourse senior loan (up to EUR 35 million) and a bridge financing facility (up to EUR 15 million), which is designed to cover capital expenditure during the period before an anticipated EU grant is disbursed. The Project is expected to be approved under the RenewEU De-Risking Framework. The Project aims to enhance the resilience of Romania's energy system by providing flexible storage capacity that reduces curtailment of renewables and supports the balancing and ancillary services market. It seeks to demonstrate the viability of advanced battery storage technology in Romania, paving the way for future investments in the sector. Ultimately, the Project contributes to Romania's decarbonization targets by enabling greater renewable energy integration and supporting the country's transition to a greener energy mix.European Bank for Reconstruction and DevelopmentRPOWER BESS - TWO SRLEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUCHAREST44.43225 26.106264410000044100000RPOWER BESS - TWO SRLPRIVATEPRIVATEPRIVATEThe Scornicesti BESS project involves the development, construction, and operation of a 127 MW / 254 MWh standalone battery energy storage system ("BESS") in Olt County, Romania (the "Project"). The facility will be among the first large-scale, partially merchant-based battery storage projects in the country, supporting grid stability and the integration of renewable energy sources. The Project's financing structure consists of a non-recourse senior loan (up to EUR 35 million) and a bridge financing facility (up to EUR 15 million), which is designed to cover capital expenditure during the period before an anticipated EU grant is disbursed. The Project is expected to be approved under the RenewEU De-Risking Framework. The Project aims to enhance the resilience of Romania's energy system by providing flexible storage capacity that reduces curtailment of renewables and supports the balancing and ancillary services market. It seeks to demonstrate the viability of advanced battery storage technology in Romania, paving the way for future investments in the sector. Ultimately, the Project contributes to Romania's decarbonization targets by enabling greater renewable energy integration and supporting the country's transition to a greener energy mix. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56557XI-IATI-EBRD-54588European Bank for Reconstruction and DevelopmentThe EBRD and APS are jointly investing in a participation to a Non-Performing Loan ("NPL") portfolio in Romania sold by Piraeus Bank Greece ("PB"). The portfolio consists of approximately 1,800 loans originated by PB Romania with aggregate total legal claims of about EUR 400 million as of 31 December 2022 (the "Portfolio"). The participation in the Portfolio is acquired by an SPV based in Luxembourg, and the management of the portfolio will be delegated to APS, a leading NPL servicer in CESEE region and co-investor for the transaction (the "Project"). As of June 2023, the NPL ratio in Romania stood at 2.65%, a strong improvement from a high of 22% reached in 2014. However, while headline NPL figures improved, many of those NPLs still remain in the Romanian economy. The Project supports the ultimate resolution of these NPLs, facilitating the return of blocked collateral to the economy and supporting borrowers to exit bankruptcy proceedings. The Project also makes an important contribution to the secondary loan market in Romania, which forms a critical part of a well-functioning financial system. Moreover the Portfolio continues to consume capital from PB, which will be freed up for new lending activity.European Bank for Reconstruction and DevelopmentAPS THETA SARLEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUCHAREST44.43225 26.10626327816112500000APS THETA SARLPRIVATEPRIVATEPRIVATEThe EBRD and APS are jointly investing in a participation to a Non-Performing Loan ("NPL") portfolio in Romania sold by Piraeus Bank Greece ("PB"). The portfolio consists of approximately 1,800 loans originated by PB Romania with aggregate total legal claims of about EUR 400 million as of 31 December 2022 (the "Portfolio"). The participation in the Portfolio is acquired by an SPV based in Luxembourg, and the management of the portfolio will be delegated to APS, a leading NPL servicer in CESEE region and co-investor for the transaction (the "Project"). As of June 2023, the NPL ratio in Romania stood at 2.65%, a strong improvement from a high of 22% reached in 2014. However, while headline NPL figures improved, many of those NPLs still remain in the Romanian economy. The Project supports the ultimate resolution of these NPLs, facilitating the return of blocked collateral to the economy and supporting borrowers to exit bankruptcy proceedings. The Project also makes an important contribution to the secondary loan market in Romania, which forms a critical part of a well-functioning financial system. Moreover the Portfolio continues to consume capital from PB, which will be freed up for new lending activity. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54588XI-IATI-EBRD-53021European Bank for Reconstruction and DevelopmentProvision of a sovereign loan of up to EUR 30 million to the Republic of Serbia (the "Client") to finance investments in Renewable District Energy ("ReDE") in several District Heating Companies ("DHCs") across the country, and accompanying energy efficiency measures including reconstruction of substations and existing district heating network (the "Project"). The Project will support integration of solar-thermal, heat pump, and geothermal technology in existing district heating ("DH") systems in ten cities in Serbia (Pancevo, Vrsac, Kraljevo, Nis, Bogatic, Becej, Krusevac, Novi Pazar, Paracin and Kragujevac). The sub-projects were assessed and selected through the Renewable District Energy in the Western Balkans Programme ("ReDEWeB") established by the EBRD in 2019. ReDEWeB was set up in partnership with the Government of Austria to incentivise reforms and create an enabling environment for financing ReDE investments in the Western Balkans. The Project is expected to be co-financed by investment and technical assistance grants from the Swiss State Secretariat for Economic Affairs ("SECO ") and European Union under the Regional Energy Efficiency Programme ("REEP"). DH systems in Serbia depend almost exclusively on fossil fuels. The Project aims to support decarbonisation of the DH systems by introducing 115 GWh of produced renewable and waste heat, which is expected to provide significant environmental benefits and contribute to energy security. Most of the ReDE technologies envisaged under the Project will be applied for the first time in South-Eastern Europe. In addition, the Project is accompanied by an ambitious policy dialogue package related to further DH sector development, including the development of a regulatory framework to stimulate further investments in ReDE generation.European Bank for Reconstruction and DevelopmentSERBIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.465132970000030000000SERBIA SOVEREIGN300000SERBIA SOVEREIGNSTATESTATESTATESTATEProvision of a sovereign loan of up to EUR 30 million to the Republic of Serbia (the "Client") to finance investments in Renewable District Energy ("ReDE") in several District Heating Companies ("DHCs") across the country, and accompanying energy efficiency measures including reconstruction of substations and existing district heating network (the "Project"). The Project will support integration of solar-thermal, heat pump, and geothermal technology in existing district heating ("DH") systems in ten cities in Serbia (Pancevo, Vrsac, Kraljevo, Nis, Bogatic, Becej, Krusevac, Novi Pazar, Paracin and Kragujevac). The sub-projects were assessed and selected through the Renewable District Energy in the Western Balkans Programme ("ReDEWeB") established by the EBRD in 2019. ReDEWeB was set up in partnership with the Government of Austria to incentivise reforms and create an enabling environment for financing ReDE investments in the Western Balkans. The Project is expected to be co-financed by investment and technical assistance grants from the Swiss State Secretariat for Economic Affairs ("SECO ") and European Union under the Regional Energy Efficiency Programme ("REEP"). DH systems in Serbia depend almost exclusively on fossil fuels. The Project aims to support decarbonisation of the DH systems by introducing 115 GWh of produced renewable and waste heat, which is expected to provide significant environmental benefits and contribute to energy security. Most of the ReDE technologies envisaged under the Project will be applied for the first time in South-Eastern Europe. In addition, the Project is accompanied by an ambitious policy dialogue package related to further DH sector development, including the development of a regulatory framework to stimulate further investments in ReDE generation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53021XI-IATI-EBRD-52568European Bank for Reconstruction and DevelopmentThe EBRD originally provided EUR 650 million long-term loan to Ford Otomotiv Sanayi A.S. (the "Company", or "Ford Otosan") (the "Original Loan") to finance the Company's investment programme for upgrading its next generation one-tonne commercial vehicle, which will include majority battery electrical vehicles ("BEV") and plug-in hybrid electrical vehicle ("PHEV") variants, in its production plants in Kocaeli, Turkey. The EBRD provided an additional long-term unsecured senior loan of up to EUR 200m to Ford Otosan (the "Extension Loan") to support the Company to finance the investments envisaged under the investment programme for 2023, wherein the same investment programme was partially financed by EBRD in 2021. The proceeds of the financing will be used by the Company for the capex needs of the next generation one-tonne commercial vehicle. The Project will help Ford Otosan to transform its Kocaeli facilities to become the first and only integrated production centre for the assembly of electric vehicles in Turkey. This is in line with EBRD's Strategy for Turkey as it supports (i) higher value-added activities and (ii) increased energy and resource efficiency. The Project is also aligned with the EBRD's Green Economy Transition Approach.European Bank for Reconstruction and DevelopmentFORD OTOMOTIV SANAYI ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKOCAELI40.91667 29.91667229000000FORD OTOMOTIV SANAYI ASPRIVATEPRIVATEPRIVATEThe EBRD originally provided EUR 650 million long-term loan to Ford Otomotiv Sanayi A.S. (the "Company", or "Ford Otosan") (the "Original Loan") to finance the Company's investment programme for upgrading its next generation one-tonne commercial vehicle, which will include majority battery electrical vehicles ("BEV") and plug-in hybrid electrical vehicle ("PHEV") variants, in its production plants in Kocaeli, Turkey. The EBRD provided an additional long-term unsecured senior loan of up to EUR 200m to Ford Otosan (the "Extension Loan") to support the Company to finance the investments envisaged under the investment programme for 2023, wherein the same investment programme was partially financed by EBRD in 2021. The proceeds of the financing will be used by the Company for the capex needs of the next generation one-tonne commercial vehicle. The Project will help Ford Otosan to transform its Kocaeli facilities to become the first and only integrated production centre for the assembly of electric vehicles in Turkey. This is in line with EBRD's Strategy for Turkey as it supports (i) higher value-added activities and (ii) increased energy and resource efficiency. The Project is also aligned with the EBRD's Green Economy Transition Approach. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52568XI-IATI-EBRD-48830European Bank for Reconstruction and DevelopmentKorozo, which is a leading flexible packaging company in Turkey, has acquired a majority stake of Vitra, a Belgian food flexible packaging company. The Bank's proceeds will support expanding Korozo's export markets, stregthening its export capability and increasing its product range.European Bank for Reconstruction and DevelopmentAEGLE PACKAGING SARLEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANKARA39.91987 32.8542721600032680920AEGLE PACKAGING SARLPRIVATEPRIVATEPRIVATEKorozo, which is a leading flexible packaging company in Turkey, has acquired a majority stake of Vitra, a Belgian food flexible packaging company. The Bank's proceeds will support expanding Korozo's export markets, stregthening its export capability and increasing its product range. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48830XI-IATI-EBRD-55644European Bank for Reconstruction and DevelopmentA sovereign loan of up to EUR 95 million to the Republic of Türkiye represented by the Ministry of Treasury and Finance, which will be on-granted to Malatya Water and Sewage Administration ("MASKI"), an affiliated institution of Malatya Metropolitan Municipality ("MMM") to finance the rehabilitation and construction works of 467 km water supply network, 118 km wastewater network and 9 km storm water network, and the associated construction supervision services, in the city of Malatya, Türkiye (the "Project"). The Project aims to rehabilitate and upgrade the water supply, wastewater and stormwater infrastructure in Malatya, a region severely impacted by the catastrophic earthquakes of February 6, 2023, with magnitudes of 7.7 and 7.6, to address environmental challenges in the region. The Project seeks to improve water quality, reduce physical losses, and enhance the resilience of essential services by replacing aging infrastructure and restoring damaged systems in line with EBRD environmental and social standards. The Project is expected to strengthen critical urban services and support the long-term sustainability and climate resilience of Malatya's infrastructure.European Bank for Reconstruction and DevelopmentTÜRKIYE SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANKARA39.91987 32.854279500000095000000TÜRKIYE SOVEREIGNSTATESTATESTATESTATEA sovereign loan of up to EUR 95 million to the Republic of Türkiye represented by the Ministry of Treasury and Finance, which will be on-granted to Malatya Water and Sewage Administration ("MASKI"), an affiliated institution of Malatya Metropolitan Municipality ("MMM") to finance the rehabilitation and construction works of 467 km water supply network, 118 km wastewater network and 9 km storm water network, and the associated construction supervision services, in the city of Malatya, Türkiye (the "Project"). The Project aims to rehabilitate and upgrade the water supply, wastewater and stormwater infrastructure in Malatya, a region severely impacted by the catastrophic earthquakes of February 6, 2023, with magnitudes of 7.7 and 7.6, to address environmental challenges in the region. The Project seeks to improve water quality, reduce physical losses, and enhance the resilience of essential services by replacing aging infrastructure and restoring damaged systems in line with EBRD environmental and social standards. The Project is expected to strengthen critical urban services and support the long-term sustainability and climate resilience of Malatya's infrastructure. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55644XI-IATI-EBRD-53241European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan to Turkiye Sinai Kalkinma Bankasi A.S. ("TSKB"), a joint stock company incorporated in Turkey, in the amount of up to EUR 53.5 million. The loan to TSKB was co-financed by the Clean Technology Fund ("CTF"). The proceeds will be used for financing corporate and residential sectors under the new Green Economy Financing Facility ("GEFF") Turkey framework. The project aims to support green economy investments including among others energy efficiency, renewable energy and climate resilience measures. Funds may also be on-lent to vendors and producers of eligible material and equipment covered by the Green Technology Selector for Turkey. Cooperation will also be sought with TSKB and sub-borrowers on the mainstreaming of corporate climate governance ("CCG") and gender-responsive on-lending and better integration of climate change and gender equality considerations into TSKB's lending strategies and practices. The loans will be supported by Technical Cooperation ("TC") and by incentive payments, as envisaged by the Green Economy Financing Facility ("GEFF") Framework. Concessional financing will also be available to support TSKB to integrate climate change into their corporate governance approach.European Bank for Reconstruction and DevelopmentTURKIYE SINAI KALKINMA BANKASI ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496650000000TURKIYE SINAI KALKINMA BANKASI ASPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan to Turkiye Sinai Kalkinma Bankasi A.S. ("TSKB"), a joint stock company incorporated in Turkey, in the amount of up to EUR 53.5 million. The loan to TSKB was co-financed by the Clean Technology Fund ("CTF"). The proceeds will be used for financing corporate and residential sectors under the new Green Economy Financing Facility ("GEFF") Turkey framework. The project aims to support green economy investments including among others energy efficiency, renewable energy and climate resilience measures. Funds may also be on-lent to vendors and producers of eligible material and equipment covered by the Green Technology Selector for Turkey. Cooperation will also be sought with TSKB and sub-borrowers on the mainstreaming of corporate climate governance ("CCG") and gender-responsive on-lending and better integration of climate change and gender equality considerations into TSKB's lending strategies and practices. The loans will be supported by Technical Cooperation ("TC") and by incentive payments, as envisaged by the Green Economy Financing Facility ("GEFF") Framework. Concessional financing will also be available to support TSKB to integrate climate change into their corporate governance approach. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53241XI-IATI-EBRD-55055European Bank for Reconstruction and DevelopmentSenior unsecured loan in the amount of up to EUR 8 million to be provided to ProCredit Bank Georgia ('PCBG') to support investment financing for on-lending to women-led MSMEs in Georgia under the Women in Business (EaP WiB) Programme in the Eastern Partnership countries. This will be the first WiB project between EBRD and PCBG, therefore adding one more participant to WiB framework. The project will address the gender related inclusion gap for access to finance in Georgia, as lending to women entrepreneurs might be hindered by the absence or shortage of collateral. The First Loss Risk Cover (FLRC) in PCBG's favour under EFSD+ Programme (Product 1), will enable the bank to enhance borrowing capacity of their target clientele. Moreover, as part of WiB programme EBRD will continue promoting women entrepreneurship and women participation in business by building or improving efficiency of respective entities through expertise and advisory services (ASB) provided under the framework.European Bank for Reconstruction and DevelopmentPROCREDIT BANK GEORGIA JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTBILISI41.69411 44.833688000000PROCREDIT BANK GEORGIA JSCPRIVATEPRIVATEPRIVATESenior unsecured loan in the amount of up to EUR 8 million to be provided to ProCredit Bank Georgia ('PCBG') to support investment financing for on-lending to women-led MSMEs in Georgia under the Women in Business (EaP WiB) Programme in the Eastern Partnership countries. This will be the first WiB project between EBRD and PCBG, therefore adding one more participant to WiB framework. The project will address the gender related inclusion gap for access to finance in Georgia, as lending to women entrepreneurs might be hindered by the absence or shortage of collateral. The First Loss Risk Cover (FLRC) in PCBG's favour under EFSD+ Programme (Product 1), will enable the bank to enhance borrowing capacity of their target clientele. Moreover, as part of WiB programme EBRD will continue promoting women entrepreneurship and women participation in business by building or improving efficiency of respective entities through expertise and advisory services (ASB) provided under the framework. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55055XI-IATI-EBRD-53813European Bank for Reconstruction and DevelopmentEquity investment for an up to 35% stake in a joint venture (the "JV", the "Company") with Dragon Capital Investment Limited ("DCI", the "Sponsor") with the purpose of developing Lviv Industrial Park, a modern multi-phase multi-tenant industrial park located at the borders of the city of Lviv, Ukraine (the "Project"). EBRD's investment in Phase 1 will be up to USD 5.5m. The total equity to be invested by EBRD in the Project through the JV will be up to USD 24.5m (including Phase 1 and future phases). The Project will enable the Sponsor to develop Lviv Industrial Park and hence provide much needed industrial and logistics warehouse space in Western Ukraine. This will help to expand access to vital services and products, which are essential to sustain livelihoods in Ukraine and include food, health and emergency services.European Bank for Reconstruction and DevelopmentUKRAINIAN INDUSTRIAL PROPERTY HOLDING LTDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.52383690491.998559963.98UKRAINIAN INDUSTRIAL PROPERTY HOLDING LTDPRIVATEPRIVATEPRIVATEEquity investment for an up to 35% stake in a joint venture (the "JV", the "Company") with Dragon Capital Investment Limited ("DCI", the "Sponsor") with the purpose of developing Lviv Industrial Park, a modern multi-phase multi-tenant industrial park located at the borders of the city of Lviv, Ukraine (the "Project"). EBRD's investment in Phase 1 will be up to USD 5.5m. The total equity to be invested by EBRD in the Project through the JV will be up to USD 24.5m (including Phase 1 and future phases). The Project will enable the Sponsor to develop Lviv Industrial Park and hence provide much needed industrial and logistics warehouse space in Western Ukraine. This will help to expand access to vital services and products, which are essential to sustain livelihoods in Ukraine and include food, health and emergency services. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53813XI-IATI-EBRD-55503European Bank for Reconstruction and DevelopmentA senior loan of up to EUR 50 million, to provide emergency support to the City of Kyiv (the "City") via liquidity financing to its key municipal utility, to mitigate the effect of the ongoing war and to ensure uninterrupted provision of critical municipal services to the City's residents, internally displaced persons ("IDPs") and enterprises (the "Project"). The recipient of the liquidity support from the City is Communal Enterprise "Kyivteploenergo" (the "Recipient" or "KTE"), a municipal district heating company, an existing client of the Bank. Given war- related risks, the loan will benefit from a partial first loss risk cover by the EU Ukraine Investment Framework Municipal Infrastructure and Industrial Resilience ("EU UIF MIIR") Programme. The Bank's loan will support the key municipal utility by addressing its critical liquidity needs, to ensure uninterrupted provision of essential public services to the City's residents and businesses, despite the direct damages from the war and additional demand for district heating services driven by the presence of significant number of IDPs.European Bank for Reconstruction and DevelopmentCITY OF KYIVEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.523850000000CITY OF KYIV50000000CITY OF KYIVSTATESTATESTATESTATEA senior loan of up to EUR 50 million, to provide emergency support to the City of Kyiv (the "City") via liquidity financing to its key municipal utility, to mitigate the effect of the ongoing war and to ensure uninterrupted provision of critical municipal services to the City's residents, internally displaced persons ("IDPs") and enterprises (the "Project"). The recipient of the liquidity support from the City is Communal Enterprise "Kyivteploenergo" (the "Recipient" or "KTE"), a municipal district heating company, an existing client of the Bank. Given war- related risks, the loan will benefit from a partial first loss risk cover by the EU Ukraine Investment Framework Municipal Infrastructure and Industrial Resilience ("EU UIF MIIR") Programme. The Bank's loan will support the key municipal utility by addressing its critical liquidity needs, to ensure uninterrupted provision of essential public services to the City's residents and businesses, despite the direct damages from the war and additional demand for district heating services driven by the presence of significant number of IDPs. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55503XI-IATI-EBRD-53139European Bank for Reconstruction and DevelopmentThe provision of a senior loan of up to MNT 8.0 billion (€ 2.4m) to Sain International one of the leading distributors and retailers of consumer electronic devices and home appliances in Mongolia. The funds will help Sain International: (i) launch new branches in key commercial locations of Ulaanbaatar, Darkhan and Erdenet cities' as well as (ii) finance its working capital needs. New branches will allow the company to showcase its products and services in better quality retail space and to attract new customers.European Bank for Reconstruction and DevelopmentSAIN INTERNATIONAL LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGULAANBAATAR47.90771 106.883241956260.96SAIN INTERNATIONAL LLCPRIVATEPRIVATEPRIVATEThe provision of a senior loan of up to MNT 8.0 billion (€ 2.4m) to Sain International one of the leading distributors and retailers of consumer electronic devices and home appliances in Mongolia. The funds will help Sain International: (i) launch new branches in key commercial locations of Ulaanbaatar, Darkhan and Erdenet cities' as well as (ii) finance its working capital needs. New branches will allow the company to showcase its products and services in better quality retail space and to attract new customers. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53139XI-IATI-EBRD-57103European Bank for Reconstruction and DevelopmentAn investment of PLN 520m (c. EUR 122m equivalent) in senior notes issued by a newly established Irish special purpose vehicle in a true sale asset-backed securitisation ("ABS") of performing auto leases originated and sold by Vehis Finanse sp. z o.o. ("Vehis"), a Polish auto leasing company. The Project objectives include (i) deepening and diversifying funding instruments available to non-bank lenders and the broader financial sector, (ii) improving access to finance for micro and SMEs segments that remain structurally underserved, and (iii) supporting the green transition in transport through increased availability of EV and lower-emission vehicle leasing solutions, and (iv) strengthening economic inclusion, in particular by improving access to finance for women SMEs and young entrepreneurs.European Bank for Reconstruction and DevelopmentVEHIS FINANSE SP ZOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKATOWICE50.25841 19.02754120989207.76VEHIS FINANSE SP ZOOPRIVATEPRIVATEPRIVATEAn investment of PLN 520m (c. EUR 122m equivalent) in senior notes issued by a newly established Irish special purpose vehicle in a true sale asset-backed securitisation ("ABS") of performing auto leases originated and sold by Vehis Finanse sp. z o.o. ("Vehis"), a Polish auto leasing company. The Project objectives include (i) deepening and diversifying funding instruments available to non-bank lenders and the broader financial sector, (ii) improving access to finance for micro and SMEs segments that remain structurally underserved, and (iii) supporting the green transition in transport through increased availability of EV and lower-emission vehicle leasing solutions, and (iv) strengthening economic inclusion, in particular by improving access to finance for women SMEs and young entrepreneurs. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57103XI-IATI-EBRD-51608European Bank for Reconstruction and DevelopmentFollow on investment via convertible note in Scalarr Inc., a company with operations and development centre in Ukraine, as part of USD 7.5 million financing round. Null ValueEuropean Bank for Reconstruction and DevelopmentSCALARR INCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.5238437713.39SCALARR INC2524822.65SCALARR INCPRIVATEPRIVATEPRIVATEFollow on investment via convertible note in Scalarr Inc., a company with operations and development centre in Ukraine, as part of USD 7.5 million financing round. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51608XI-IATI-EBRD-57160European Bank for Reconstruction and DevelopmentPortfolio Risk Sharing ("PRS") in the form of an unfunded portfolio guarantee of up to EUR 25.0 mln to be provided by the Bank in favour of MAIB. It will cover up to 50% of the credit risk of new sub-loans originated by MAIB for a combined value of up to EUR 50 mln ("Covered Portfolio"). The proposed project follows a successful utilisation of MAIB's first PRS facility, an innovative product in Moldova at that time. PRS has proven itself as an effective solution in de-risking PFIs and addressing the MSME financing gaps. The PRS facilities helps PFIs strengthen their resilience thanks to risk-sharing structure and capital relief benefits as confirmed by National Bank of Moldova ("NBM"), unlocking PFIs ability to step up new lending.European Bank for Reconstruction and DevelopmentBC MAIB SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCHISINAU47.00556 28.85752500000025000000BC MAIB SAPRIVATEPRIVATEPRIVATEPortfolio Risk Sharing ("PRS") in the form of an unfunded portfolio guarantee of up to EUR 25.0 mln to be provided by the Bank in favour of MAIB. It will cover up to 50% of the credit risk of new sub-loans originated by MAIB for a combined value of up to EUR 50 mln ("Covered Portfolio"). The proposed project follows a successful utilisation of MAIB's first PRS facility, an innovative product in Moldova at that time. PRS has proven itself as an effective solution in de-risking PFIs and addressing the MSME financing gaps. The PRS facilities helps PFIs strengthen their resilience thanks to risk-sharing structure and capital relief benefits as confirmed by National Bank of Moldova ("NBM"), unlocking PFIs ability to step up new lending. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57160XI-IATI-EBRD-56563European Bank for Reconstruction and DevelopmentProvision of a five-year senior loan of up to EUR 10 million in synthetic TND to UBCI ("the Loan"). The Loan will be provided under the Green Economy Financing Facility (GEFF) in Tunisia. The proceeds of the Loan will be on-lent to eligible sub-borrowers implementing qualifying Sub-projects in line with the technical and financial eligibility criteria. The Loan will enable UBCI to enhance its product range and provide term financing to private sub-borrowers in the country for investments in climate change mitigation and adaptation technologies and services supporting Green Economy Transition.European Bank for Reconstruction and DevelopmentUNION BANCAIRE POUR LE COMMERCE ET L'INDUSTRIEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTUNIS36.81897 10.1657910029355.8UNION BANCAIRE POUR LE COMMERCE ET L'INDUSTRIEPRIVATEPRIVATEPRIVATEProvision of a five-year senior loan of up to EUR 10 million in synthetic TND to UBCI ("the Loan"). The Loan will be provided under the Green Economy Financing Facility (GEFF) in Tunisia. The proceeds of the Loan will be on-lent to eligible sub-borrowers implementing qualifying Sub-projects in line with the technical and financial eligibility criteria. The Loan will enable UBCI to enhance its product range and provide term financing to private sub-borrowers in the country for investments in climate change mitigation and adaptation technologies and services supporting Green Economy Transition. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56563XI-IATI-EBRD-54938European Bank for Reconstruction and DevelopmentProvision of a senior secured loan to UAB Noviti ("Noviti") in the amount of up to EUR 3 million in PLN equivalent, under the Financial Intermediaries Framework ("FIF"), in two tranches. Maturity of the loan is three years, including one year grace period for principal repayment. The facility will enable Noviti to further expand lending to micro, small and medium-sized enterprises ("MSMEs") in Poland. The project will also address the financing gap for women in Poland by allocating at least 40% of the EBRD's loan to women-led MSMEs.European Bank for Reconstruction and DevelopmentNOVITI UABEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.011781007444.56NOVITI UABPRIVATEPRIVATEPRIVATEProvision of a senior secured loan to UAB Noviti ("Noviti") in the amount of up to EUR 3 million in PLN equivalent, under the Financial Intermediaries Framework ("FIF"), in two tranches. Maturity of the loan is three years, including one year grace period for principal repayment. The facility will enable Noviti to further expand lending to micro, small and medium-sized enterprises ("MSMEs") in Poland. The project will also address the financing gap for women in Poland by allocating at least 40% of the EBRD's loan to women-led MSMEs. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54938XI-IATI-EBRD-51120European Bank for Reconstruction and DevelopmentEBRD invested EUR 66.7 million as part of an inaugural EUR 600 million green bond issuance of VGP NV (the "issuer"), a pan-European developer and owner of industrial real estate assets. The bond has a maturity of 8 years and is listed on the Luxembourg Stock Exchange (EuroMTF). The proceeds from the Bank's investment will be used by the issuer to fund the development of sustainable industrial parks in Romania, Slovak Republic, Hungary and Latvia.European Bank for Reconstruction and DevelopmentVGP NVEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUDAPEST47.49835 19.04045RIGA56.946 24.10589BUCHAREST44.43225 26.10626BRATISLAVA48.14816 17.1067475000000VGP NVPRIVATEPRIVATEPRIVATEEBRD invested EUR 66.7 million as part of an inaugural EUR 600 million green bond issuance of VGP NV (the "issuer"), a pan-European developer and owner of industrial real estate assets. The bond has a maturity of 8 years and is listed on the Luxembourg Stock Exchange (EuroMTF). The proceeds from the Bank's investment will be used by the issuer to fund the development of sustainable industrial parks in Romania, Slovak Republic, Hungary and Latvia. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51120XI-IATI-EBRD-56044European Bank for Reconstruction and DevelopmentSenior loan of up to EUR 11mn (or USD equivalent) to TBC Leasing under the Financial Intermediary Framework (the "Framework"). The proceeds of the loan will be used to finance local SME lessees in accordance with the terms and conditions set out in the Policy Statement under the Framework, and in line with the objectives of the Framework.European Bank for Reconstruction and DevelopmentTBC LEASING JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTBILISI41.69411 44.833687000000TBC LEASING JSCPRIVATEPRIVATEPRIVATESenior loan of up to EUR 11mn (or USD equivalent) to TBC Leasing under the Financial Intermediary Framework (the "Framework"). The proceeds of the loan will be used to finance local SME lessees in accordance with the terms and conditions set out in the Policy Statement under the Framework, and in line with the objectives of the Framework. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56044XI-IATI-EBRD-54830European Bank for Reconstruction and DevelopmentIVP Fund I, through the Borrower, New Europe Vending S.a.r.l, recently acquired a majority / controlling shareholding in O'Fresh in Romania, with ambition to grow it both organically and through (potential) add-on acquisitions in the SEE region. The project will support: (i) through (a committed) Loan Tranche 1, this recent majority-acquisition by IVP Fund I of O'Fresh; and (ii) through (an initially uncommitted) Loan Tranche 2, potential add-on acquisitions and/or capital investments by the Borrower and/or O'Fresh (subject to their further assessment). By supporting IVP's recent acquisition of O'Fresh, the project will enable promoting IVP's plans related to: (i) increased market outreach by O'Fresh, including in its recently new sub-segments (bottle-free water coolers / purifiers, office coffee solution, self-service bistros); (ii) improved productivity and efficiencies of scale in O'Fresh; and (iii) enhanced governance through the proper functioning of the new Board of O'Fresh. In parallel, as condition of EBRD financing, the Borrower and O'Fresh will undertake that new vending machines that will be purchased and acquired by O'Fresh will have improved EU energy label classification of C or above (which have higher energy efficiency).European Bank for Reconstruction and DevelopmentNEW EUROPE VENDING SARLEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUCHAREST44.43225 26.106266000000NEW EUROPE VENDING SARLPRIVATEPRIVATEPRIVATEIVP Fund I, through the Borrower, New Europe Vending S.a.r.l, recently acquired a majority / controlling shareholding in O'Fresh in Romania, with ambition to grow it both organically and through (potential) add-on acquisitions in the SEE region. The project will support: (i) through (a committed) Loan Tranche 1, this recent majority-acquisition by IVP Fund I of O'Fresh; and (ii) through (an initially uncommitted) Loan Tranche 2, potential add-on acquisitions and/or capital investments by the Borrower and/or O'Fresh (subject to their further assessment). By supporting IVP's recent acquisition of O'Fresh, the project will enable promoting IVP's plans related to: (i) increased market outreach by O'Fresh, including in its recently new sub-segments (bottle-free water coolers / purifiers, office coffee solution, self-service bistros); (ii) improved productivity and efficiencies of scale in O'Fresh; and (iii) enhanced governance through the proper functioning of the new Board of O'Fresh. In parallel, as condition of EBRD financing, the Borrower and O'Fresh will undertake that new vending machines that will be purchased and acquired by O'Fresh will have improved EU energy label classification of C or above (which have higher energy efficiency). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54830XI-IATI-EBRD-52474European Bank for Reconstruction and Development1. A senior loan in amount of up to EUR 16 million ("Loan 1") to eMAG Operations SRL (the "SPV"), as part of a syndicated loan of EUR 37.55 million, to finance the development of a logistic centre ("DC2") to be used by Dante International SA ("eMag"). 2. A senior loan in the amount of up to EUR 13 million as part of a syndicated loan of EUR 35.86 million to be granted to the Dante International SA ("Dante"), to finance the acquisition of state of the art technology and equipment to enable the automation in DC2 logistic centre ("Loan 2"). The operation will enable eMAG Group, a key e-commerce player in Romania, to develop a new energy efficient logistic center that will support competitiveness improvements and enable the company's commercial expansion. The transition impact of the project is coming from the "Competitive" and "Green" qualities. The company has committed to seek BREEAM green building certification for the project. In EBRD countries of operations, the online industry has become decisive in cushioning the impact of the Covid-19 pandemic and associated lockdown measures. By supporting the development of the Group, the project is strongly aligned with the Bank's commitment to support countries where it invests to mitigate the economic impact of the pandemic.European Bank for Reconstruction and DevelopmentEMAG OPERATIONS SRLEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGVOLUNTARI26.18439 44.490230.0715764815.05EMAG OPERATIONS SRLPRIVATEPRIVATEPRIVATE1. A senior loan in amount of up to EUR 16 million ("Loan 1") to eMAG Operations SRL (the "SPV"), as part of a syndicated loan of EUR 37.55 million, to finance the development of a logistic centre ("DC2") to be used by Dante International SA ("eMag"). 2. A senior loan in the amount of up to EUR 13 million as part of a syndicated loan of EUR 35.86 million to be granted to the Dante International SA ("Dante"), to finance the acquisition of state of the art technology and equipment to enable the automation in DC2 logistic centre ("Loan 2"). The operation will enable eMAG Group, a key e-commerce player in Romania, to develop a new energy efficient logistic center that will support competitiveness improvements and enable the company's commercial expansion. The transition impact of the project is coming from the "Competitive" and "Green" qualities. The company has committed to seek BREEAM green building certification for the project. In EBRD countries of operations, the online industry has become decisive in cushioning the impact of the Covid-19 pandemic and associated lockdown measures. By supporting the development of the Group, the project is strongly aligned with the Bank's commitment to support countries where it invests to mitigate the economic impact of the pandemic. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52474XI-IATI-EBRD-54245European Bank for Reconstruction and DevelopmentProvision of an equity investment of up to USD 40 million in favour of SPE PEF III, LP (the "Fund"). The Fund will seek to make equity and equity-related investments in mid-cap companies primarily in Egypt, Morocco and Tunisia, with the objective of achieving long-term capital growth.European Bank for Reconstruction and DevelopmentSPE PEF III LPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.24967RABAT34.01325 -6.83255TUNIS36.81897 10.1657916575320.8435099034.35SPE PEF III LPPRIVATEPRIVATEPRIVATEProvision of an equity investment of up to USD 40 million in favour of SPE PEF III, LP (the "Fund"). The Fund will seek to make equity and equity-related investments in mid-cap companies primarily in Egypt, Morocco and Tunisia, with the objective of achieving long-term capital growth. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54245XI-IATI-EBRD-52819European Bank for Reconstruction and DevelopmentThe provision of a senior secured loan of up to € 5 million to PragmaGo S.A. under the Financial Intermediaries Framework ("Framework"). PragmaGo will use the loan's proceeds to extend financing to an underserved segment of the private sector, namely micro, small and medium-sized enterprises ('MSMEs') in Poland, thanks to its innovative product suite enabling MSMEs to access financing in a fast and convenient manner.European Bank for Reconstruction and DevelopmentPRAGMAGO SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKATOWICE50.25841 19.027545000000PRAGMAGO SAPRIVATEPRIVATEPRIVATEThe provision of a senior secured loan of up to € 5 million to PragmaGo S.A. under the Financial Intermediaries Framework ("Framework"). PragmaGo will use the loan's proceeds to extend financing to an underserved segment of the private sector, namely micro, small and medium-sized enterprises ('MSMEs') in Poland, thanks to its innovative product suite enabling MSMEs to access financing in a fast and convenient manner. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52819XI-IATI-EBRD-52614European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to EUR 4.0 million to be made available in one single tranche to Ohridska Banka Skopje under the Regional SME Competitiveness Support Programme ("SME CSP"). The project will support investments in SMEs to upgrade production facilities and comply with EU Directives in the field of environmental protection, workers' and product safety and product quality. The investments will be selected based on the technical and financial eligibility criteria set forth in the Policy Statement for the Regional SME CSP. Support to SMEs is tailored as a combination of access to finance with TC and non-TC assistance. At least 60% of the use of the proceeds will be directed towards financing GET-eligible investments in line with the Policy Statement.European Bank for Reconstruction and DevelopmentSPARKASSE BANK AD SKOPJEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.431414000000SPARKASSE BANK AD SKOPJEPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to EUR 4.0 million to be made available in one single tranche to Ohridska Banka Skopje under the Regional SME Competitiveness Support Programme ("SME CSP"). The project will support investments in SMEs to upgrade production facilities and comply with EU Directives in the field of environmental protection, workers' and product safety and product quality. The investments will be selected based on the technical and financial eligibility criteria set forth in the Policy Statement for the Regional SME CSP. Support to SMEs is tailored as a combination of access to finance with TC and non-TC assistance. At least 60% of the use of the proceeds will be directed towards financing GET-eligible investments in line with the Policy Statement. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52614XI-IATI-EBRD-57275European Bank for Reconstruction and DevelopmentAn equity commitment of up to EUR 200 million in Meridiam Sustainable Infrastructure Europe V ("the Fund"). EBRD's commitment would be deployed exclusively in selected EBRD's Countries of Operations. The Fund will primarily invest in greenfield sustainable infrastructure projects and to a lesser extent in platforms and operational projects across Europe and Asia with the objective of generating returns through long-term income and capital appreciation.European Bank for Reconstruction and DevelopmentMERIDIAM SUSTAINABLE INFRASTRUCTURE EASTERN EUROPE V SLPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSOFIA42.69751 23.32415AMMAN31.95522 35.94503RIGA56.946 24.10589WARSAW52.22977 21.01178BUCHAREST44.43225 26.10626BRATISLAVA48.14816 17.10674ANKARA39.91987 32.85427TASHKENT41.26465 69.21627200000000200000000MERIDIAM SUSTAINABLE INFRASTRUCTURE EASTERN EUROPE V SLPPRIVATEPRIVATEPRIVATEAn equity commitment of up to EUR 200 million in Meridiam Sustainable Infrastructure Europe V ("the Fund"). EBRD's commitment would be deployed exclusively in selected EBRD's Countries of Operations. The Fund will primarily invest in greenfield sustainable infrastructure projects and to a lesser extent in platforms and operational projects across Europe and Asia with the objective of generating returns through long-term income and capital appreciation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57275XI-IATI-EBRD-57466European Bank for Reconstruction and DevelopmentProvision of a senior secured loan of up to $29 million (not exceeding €25 million equivalent) to the Company, comprising two committed tranches totalling $21.4 million and an uncommitted tranche of $7.6 million, to finance production capacity expansion and balance sheet restructuring. The project aims to strengthen competitiveness and support skills development in Uzbekistan's insulation sector by expanding the production capacity to 100,000 tonnes to meet the rising demand for basalt wool, address capacity constraints, improve cost efficiency via economies of scale and introduce targeted training programmes to develop scarce technical skills.European Bank for Reconstruction and DevelopmentJV KHOREZM INSULATION GROUP LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGURGENCH18734132.8918734132.89JV KHOREZM INSULATION GROUP LLCPRIVATEPRIVATEPRIVATEProvision of a senior secured loan of up to $29 million (not exceeding €25 million equivalent) to the Company, comprising two committed tranches totalling $21.4 million and an uncommitted tranche of $7.6 million, to finance production capacity expansion and balance sheet restructuring. The project aims to strengthen competitiveness and support skills development in Uzbekistan's insulation sector by expanding the production capacity to 100,000 tonnes to meet the rising demand for basalt wool, address capacity constraints, improve cost efficiency via economies of scale and introduce targeted training programmes to develop scarce technical skills. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57466XI-IATI-EBRD-54800European Bank for Reconstruction and DevelopmentAn uncapped unfunded portfolio guarantee to be provided by the EBRD as an InvestEU implementing partner to Eurobank Bulgaria (known under its local brand name Postbank), as an eligible partner financial intermediary ("PFI") in Bulgaria under the EBRD's InvestEU Green Uncapped Portfolio Guarantee Framework. The guarantee will cover a newly generated portfolio of loans amounting to up to EUR 120 million, financing eligible green projects related to buildings or sustainable transport. The Project benefits from partial first loss risk cover from the European Union under the InvestEU Fund. The Project aims to further support the EBRD's green agenda in Bulgaria and the national green economy priorities. As such, the Project will bridge the funding gap for sustainable energy investments in the country and support the resilience of a systemic bank and expand its green lending capacity.European Bank for Reconstruction and DevelopmentEUROBANK BULGARIA ADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSOFIA42.69751 23.324159600000096000000EUROBANK BULGARIA ADPRIVATEPRIVATEPRIVATEAn uncapped unfunded portfolio guarantee to be provided by the EBRD as an InvestEU implementing partner to Eurobank Bulgaria (known under its local brand name Postbank), as an eligible partner financial intermediary ("PFI") in Bulgaria under the EBRD's InvestEU Green Uncapped Portfolio Guarantee Framework. The guarantee will cover a newly generated portfolio of loans amounting to up to EUR 120 million, financing eligible green projects related to buildings or sustainable transport. The Project benefits from partial first loss risk cover from the European Union under the InvestEU Fund. The Project aims to further support the EBRD's green agenda in Bulgaria and the national green economy priorities. As such, the Project will bridge the funding gap for sustainable energy investments in the country and support the resilience of a systemic bank and expand its green lending capacity. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54800XI-IATI-EBRD-54241European Bank for Reconstruction and DevelopmentA senior loan of up to USD 33.2 million (EUR 29.5 million) to be provided to Borusan Lojistik Dagitim Depolama Tasimacilik ve Ticaret AS ("Borusan Logistics " or the "Company"). Borusan Logistics is an integrated logistics service provider incorporated in Türkiye offering (i) comprehensive supply chain solutions and third party logistics services in Türkiye and worldwide ("3PL") and (ii) port management services at Borusan Port (the "Port") located in the Gemlik district of South Marmara region of Türkiye. The loan proceeds will be used to finance Borusan Logistics' capital expenditures to (i) upgrade and expand the Port's facilities; and (ii) accelerate digitalisation development and renew the logistics fleet of the Company's logistics business in Türkiye (the "Project"). The Project's objectives are to (i) upgrade and expand the Port's facilities and (ii) improve the Company`s operational efficiency.European Bank for Reconstruction and DevelopmentBORUSAN LOJISTIK DAGITIM DEPOLAMA TASIMCILIK VE TICARET ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBURSA40.19559 29.060130.0429064168.78BORUSAN LOJISTIK DAGITIM DEPOLAMA TASIMCILIK VE TICARET ASPRIVATEPRIVATEPRIVATEA senior loan of up to USD 33.2 million (EUR 29.5 million) to be provided to Borusan Lojistik Dagitim Depolama Tasimacilik ve Ticaret AS ("Borusan Logistics " or the "Company"). Borusan Logistics is an integrated logistics service provider incorporated in Türkiye offering (i) comprehensive supply chain solutions and third party logistics services in Türkiye and worldwide ("3PL") and (ii) port management services at Borusan Port (the "Port") located in the Gemlik district of South Marmara region of Türkiye. The loan proceeds will be used to finance Borusan Logistics' capital expenditures to (i) upgrade and expand the Port's facilities; and (ii) accelerate digitalisation development and renew the logistics fleet of the Company's logistics business in Türkiye (the "Project"). The Project's objectives are to (i) upgrade and expand the Port's facilities and (ii) improve the Company`s operational efficiency. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54241XI-IATI-EBRD-53933European Bank for Reconstruction and DevelopmentSenior unsecured loan in the amount of up to USD 14 million to ACBA Bank for on-lending to local private micro, small and medium enterprises ("MSMEs"). The project will support ACBA to expand lending to local SME segment. The loan will enable ACBA to increase outreach and meet unsatisfied demand for longer term LCY funding from SMEs.European Bank for Reconstruction and DevelopmentACBA BANK OJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYEREVAN40.18111 44.5136112898482.19ACBA BANK OJSCPRIVATEPRIVATEPRIVATESenior unsecured loan in the amount of up to USD 14 million to ACBA Bank for on-lending to local private micro, small and medium enterprises ("MSMEs"). The project will support ACBA to expand lending to local SME segment. The loan will enable ACBA to increase outreach and meet unsatisfied demand for longer term LCY funding from SMEs. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53933XI-IATI-EBRD-49417European Bank for Reconstruction and DevelopmentSovereign loan of up to EUR 131 million to the Government of Egypt to finance the drain infrastructure rehabilitation component of the integrated depollution programme of the Kitchener Drain, the main agricultural drain passing through the governorates of Kafr El Sheikh, Gharbeya and Dekheila in the Delta region. The proposed loan is expected to finance (i) drain rehabilitation works (dredging of canals, and rehabilitation and construction of new pumping stations), (ii) diversion works of the Omar Bek sub basin and (iii) installation of a monitoring system for water flow and quality (the "Project"). The drain rehabilitation is one of three components forming the integrated depollution programme of the Kitchener Drain. The other two components consist of (i) wastewater expansion and plant rehabilitation project proposed to be financed by the EIB and (ii) municipal solid waste management project, proposed to be financed by the Bank. The Kitchener Drain is one of the most severely polluted drains in Egypt causing significant environmental, economic and social harm. It extends 69 km and passes through the governorates of Kafr El Sheikh, Gharbeya and Dekheila and discharges into the Mediterranean Sea. Pollution of the Kitchener Drain emanates from three main sources: (i) domestic wastewater (poorly treated and/or untreated) from numerous villages within the three governorates; (ii) uncontrolled municipal solid waste disposed of along the banks and into the drains; (iii) industrial wastewater discharge and (iv) fertilisers and pesticides discharges from the agricultural drainage system. The integrated programme will be the first programme in Egypt testing a new cross-sectoral approach that will support the depollution of the Mediterranean Sea and improve the health and environmental situation of the people living in the drain catchment area as well as strengthen the economy by improving the irrigation water quality in the three governorates. The Project will improve the hydraulic performance and management of the drain, reduce energy consumption and further reduce the pollution in the Damietta Branch of the Nile River. Additionally, the introduction of a monitoring system will help control the level of pollutants in the water, demonstrating the development of new environmental technologies in Egypt.European Bank for Reconstruction and DevelopmentEGYPT SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.249675181000069000000EGYPT SOVEREIGN690000EGYPT SOVEREIGN4000000EGYPT SOVEREIGN5500000EGYPT SOVEREIGN7000000EGYPT SOVEREIGNSTATESTATESTATESTATESovereign loan of up to EUR 131 million to the Government of Egypt to finance the drain infrastructure rehabilitation component of the integrated depollution programme of the Kitchener Drain, the main agricultural drain passing through the governorates of Kafr El Sheikh, Gharbeya and Dekheila in the Delta region. The proposed loan is expected to finance (i) drain rehabilitation works (dredging of canals, and rehabilitation and construction of new pumping stations), (ii) diversion works of the Omar Bek sub basin and (iii) installation of a monitoring system for water flow and quality (the "Project"). The drain rehabilitation is one of three components forming the integrated depollution programme of the Kitchener Drain. The other two components consist of (i) wastewater expansion and plant rehabilitation project proposed to be financed by the EIB and (ii) municipal solid waste management project, proposed to be financed by the Bank. The Kitchener Drain is one of the most severely polluted drains in Egypt causing significant environmental, economic and social harm. It extends 69 km and passes through the governorates of Kafr El Sheikh, Gharbeya and Dekheila and discharges into the Mediterranean Sea. Pollution of the Kitchener Drain emanates from three main sources: (i) domestic wastewater (poorly treated and/or untreated) from numerous villages within the three governorates; (ii) uncontrolled municipal solid waste disposed of along the banks and into the drains; (iii) industrial wastewater discharge and (iv) fertilisers and pesticides discharges from the agricultural drainage system. The integrated programme will be the first programme in Egypt testing a new cross-sectoral approach that will support the depollution of the Mediterranean Sea and improve the health and environmental situation of the people living in the drain catchment area as well as strengthen the economy by improving the irrigation water quality in the three governorates. The Project will improve the hydraulic performance and management of the drain, reduce energy consumption and further reduce the pollution in the Damietta Branch of the Nile River. Additionally, the introduction of a monitoring system will help control the level of pollutants in the water, demonstrating the development of new environmental technologies in Egypt. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49417XI-IATI-EBRD-54889European Bank for Reconstruction and DevelopmentThe proposed transaction involves provision of up to EUR 80 million (of which EUR 39 million uncommitted) senior unsecured loan (the "Loan") consisting of: (i) EBRD finance of EUR 71 million and (ii) Clean Technology Fund finance of USD 9.5 million. The Loan will be used to finance the Company's 2024/25 capex programme. The proposed transaction will enable the Borrower to finance its capex programme in Türkiye, including: i) renewable energy investments in solar power and wind power plants, in addition to general maintenance and expansion capex across existing flour production facilities (the "Project"). The loan will also be accompanied by concessional loan from Clean Technology Fund ("CTF") of up to USD 9.5M.European Bank for Reconstruction and DevelopmentULUSOY UN SANAYI VE TICARET ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSAMSUN41.27976 36.3361650000041000000ULUSOY UN SANAYI VE TICARET ASPRIVATEPRIVATEPRIVATEThe proposed transaction involves provision of up to EUR 80 million (of which EUR 39 million uncommitted) senior unsecured loan (the "Loan") consisting of: (i) EBRD finance of EUR 71 million and (ii) Clean Technology Fund finance of USD 9.5 million. The Loan will be used to finance the Company's 2024/25 capex programme. The proposed transaction will enable the Borrower to finance its capex programme in Türkiye, including: i) renewable energy investments in solar power and wind power plants, in addition to general maintenance and expansion capex across existing flour production facilities (the "Project"). The loan will also be accompanied by concessional loan from Clean Technology Fund ("CTF") of up to USD 9.5M. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54889XI-IATI-EBRD-56224European Bank for Reconstruction and DevelopmentEquity investment into Binalyze, a Estonian software provider of digital forensics and incident response solutions Equity investment in Binalyze OU, a company incorporated in Estonia, as part of a Series A extension financing roundEuropean Bank for Reconstruction and DevelopmentBINALYZE OUEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTALLINN59.43696 24.753535026348.19BINALYZE OUPRIVATEPRIVATEPRIVATEEquity investment into Binalyze, a Estonian software provider of digital forensics and incident response solutions Equity investment in Binalyze OU, a company incorporated in Estonia, as part of a Series A extension financing round For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56224XI-IATI-EBRD-52807European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to USD 20 million to Qatar National Bank ALAHLI S.A.E ("QNB ALAHLI") under the Financial Intermediaries Framework - Egypt Youth in Business ("YiB") programme, for on-lending to eligible private Micro, Small and Medium Enterprises ("MSMEs") whose overall operational management responsibility or majority ownership is held by a person (or persons) under the age of 35 as defined in the Policy Statement ("Youth MSMEs"). The project is expected to increase the pool of financing available to young individuals in Egypt and to help this group of borrowers build their skill-set and develop their businesses, thereby promoting youth entrepreneurship and youth's participation in business through an integrated approach.European Bank for Reconstruction and DevelopmentQATAR NATIONAL BANK SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496717508535.42QATAR NATIONAL BANK SAEPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to USD 20 million to Qatar National Bank ALAHLI S.A.E ("QNB ALAHLI") under the Financial Intermediaries Framework - Egypt Youth in Business ("YiB") programme, for on-lending to eligible private Micro, Small and Medium Enterprises ("MSMEs") whose overall operational management responsibility or majority ownership is held by a person (or persons) under the age of 35 as defined in the Policy Statement ("Youth MSMEs"). The project is expected to increase the pool of financing available to young individuals in Egypt and to help this group of borrowers build their skill-set and develop their businesses, thereby promoting youth entrepreneurship and youth's participation in business through an integrated approach. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52807XI-IATI-EBRD-51145European Bank for Reconstruction and DevelopmentThe proceeds of the loan to Georgia will be used to finance the Energy Efficiency ("EE") upgrade and rehabilitation of up to 200 public buildings (primarily schools) located across the entire country. The Project is co-financed by an investment grant of up to EUR 10 million provided by the EU Neighbourhood Investment Platform (EU NIP). The goal of the Project is to contribute to Georgia's green economy transition by introducing comprehensive EE renovations of public buildings, building the capacity of local construction companies in this sector and supporting the creation of a value chain of green technologies.European Bank for Reconstruction and DevelopmentGEORGIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTBILISI41.69411 44.833681980000020000000GEORGIA SOVEREIGN200000GEORGIA SOVEREIGNSTATESTATESTATESTATEThe proceeds of the loan to Georgia will be used to finance the Energy Efficiency ("EE") upgrade and rehabilitation of up to 200 public buildings (primarily schools) located across the entire country. The Project is co-financed by an investment grant of up to EUR 10 million provided by the EU Neighbourhood Investment Platform (EU NIP). The goal of the Project is to contribute to Georgia's green economy transition by introducing comprehensive EE renovations of public buildings, building the capacity of local construction companies in this sector and supporting the creation of a value chain of green technologies. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51145XI-IATI-EBRD-47497European Bank for Reconstruction and DevelopmentThe EBRD is providing a loan of up to KZT 2.4 billion to the State Communal Enterprise Kostanay Su (the "Company"), a water supply and wastewater management company in the city of Kostanay (the "City") in Kazakhstan to support the rehabilitation and upgrade of the water and wastewater infrastructure in the City. The Project envisages improvements to the City's water and wastewater system through the PIP implementation comprising, inter alia, of the following: (i) modernisation of the wastewater pumping stations; (ii) modernisation of the water intake and water disinfection facilities, (iii) modernisation of water treatment plant, (iv) partial rehabilitation of the water and wastewater networks and other infrastructure, and (v) procurement and installation of SCADA systems.European Bank for Reconstruction and DevelopmentWATER AND SEWAGE COMPANY OF THE CITY OF KOSTANAYEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKOSTANAY53.21435 63.624634343651.54WATER AND SEWAGE COMPANY OF THE CITY OF KOSTANAY1085912.89WATER AND SEWAGE COMPANY OF THE CITY OF KOSTANAY904927.41WATER AND SEWAGE COMPANY OF THE CITY OF KOSTANAY1317746.04WATER AND SEWAGE COMPANY OF THE CITY OF KOSTANAYSTATESTATESTATESTATEThe EBRD is providing a loan of up to KZT 2.4 billion to the State Communal Enterprise Kostanay Su (the "Company"), a water supply and wastewater management company in the city of Kostanay (the "City") in Kazakhstan to support the rehabilitation and upgrade of the water and wastewater infrastructure in the City. The Project envisages improvements to the City's water and wastewater system through the PIP implementation comprising, inter alia, of the following: (i) modernisation of the wastewater pumping stations; (ii) modernisation of the water intake and water disinfection facilities, (iii) modernisation of water treatment plant, (iv) partial rehabilitation of the water and wastewater networks and other infrastructure, and (v) procurement and installation of SCADA systems. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47497XI-IATI-EBRD-52188European Bank for Reconstruction and DevelopmentThe Project is a senior unsecured loan of EUR 217 million to JSC Georgian Oil and Gas Corporation ("GOGC" or the "Company"), a major Georgian electricity and natural gas supplier, to refinance a USD 250 million corporate Eurobond maturing in April 2021. The Project is a response to the COVID-19 pandemic which caused significant shocks on the financial markets and an economic downturn in Georgia. A comprehensive Technical Cooperation ("TC") package will encompass sector reform, corporate level improvements i focused on climate corporate governance and supporting the role of women in technical positions in the energy sector i as well as a TC to identify and quantify the investment requirements in the country to generate and transport green hydrogen as well as to upgrade the Company's assets to transport the blended hydrogen to end users domestically or regionally.European Bank for Reconstruction and DevelopmentGEORGIAN OIL AND GAS CORPORATIONEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTBILISI41.69411 44.83368217000000GEORGIAN OIL AND GAS CORPORATION214524363GEORGIAN OIL AND GAS CORPORATIONSTATESTATESTATESTATEThe Project is a senior unsecured loan of EUR 217 million to JSC Georgian Oil and Gas Corporation ("GOGC" or the "Company"), a major Georgian electricity and natural gas supplier, to refinance a USD 250 million corporate Eurobond maturing in April 2021. The Project is a response to the COVID-19 pandemic which caused significant shocks on the financial markets and an economic downturn in Georgia. A comprehensive Technical Cooperation ("TC") package will encompass sector reform, corporate level improvements i focused on climate corporate governance and supporting the role of women in technical positions in the energy sector i as well as a TC to identify and quantify the investment requirements in the country to generate and transport green hydrogen as well as to upgrade the Company's assets to transport the blended hydrogen to end users domestically or regionally. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52188XI-IATI-EBRD-51951European Bank for Reconstruction and DevelopmentParticipation with EUR 75 million in an eight-year tranche of Schaeffler AG's debut Schuldschein issuance, a type of German-law capital market instrument, to finance capital expenditure (capex) and R&D to develop production of components for the e-mobility business segment of Schaeffler in Hungary and the Slovak Republic. The poject contributes to Schaeffler's global strategy to align its product mix with a low-carbon economy, which necessitates the electrification of road transport/mobility.European Bank for Reconstruction and DevelopmentSCHAEFFLER AGEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUDAPEST47.49835 19.04045BRATISLAVA48.14816 17.1067475000000SCHAEFFLER AGPRIVATEPRIVATEPRIVATEParticipation with EUR 75 million in an eight-year tranche of Schaeffler AG's debut Schuldschein issuance, a type of German-law capital market instrument, to finance capital expenditure (capex) and R&D to develop production of components for the e-mobility business segment of Schaeffler in Hungary and the Slovak Republic. The poject contributes to Schaeffler's global strategy to align its product mix with a low-carbon economy, which necessitates the electrification of road transport/mobility. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51951XI-IATI-EBRD-57194European Bank for Reconstruction and DevelopmentA Senior unsecured MSME credit line of up to USD 40 million (denominated in local currency) to be provided to Credo Bank ('Credo'). The facility will be extended in two tranches under the Financial Intermediaries Framework ("FIF") and will have a three-year tenor. The proceeds will be on-lent to private MSME clients of Credo operating across Georgia. The operation aims to address persistent MSME financing gaps by providing medium-term local currency funding to private MSMEs in Georgia. The facility will support Credo's regional outreach and client acquisition outside Tbilisi, while strengthening inclusion by allocating a substantial share of proceeds to women-owned/led MSMEs.European Bank for Reconstruction and DevelopmentCREDO BANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTBILISI41.69411 44.8336821988261.01CREDO BANK JSCPRIVATEPRIVATEPRIVATEA Senior unsecured MSME credit line of up to USD 40 million (denominated in local currency) to be provided to Credo Bank ('Credo'). The facility will be extended in two tranches under the Financial Intermediaries Framework ("FIF") and will have a three-year tenor. The proceeds will be on-lent to private MSME clients of Credo operating across Georgia. The operation aims to address persistent MSME financing gaps by providing medium-term local currency funding to private MSMEs in Georgia. The facility will support Credo's regional outreach and client acquisition outside Tbilisi, while strengthening inclusion by allocating a substantial share of proceeds to women-owned/led MSMEs. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57194XI-IATI-EBRD-55356European Bank for Reconstruction and DevelopmentUSD 10 million follow-on investment in Paymob as part of a convertible financing round to support product development, sales and marketing efforts. Follow-on investment in a convertible financing round of PaymobEuropean Bank for Reconstruction and DevelopmentPAYMOB INTERNATIONAL BVEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.249678958967.93PAYMOB INTERNATIONAL BVPRIVATEPRIVATEPRIVATEUSD 10 million follow-on investment in Paymob as part of a convertible financing round to support product development, sales and marketing efforts. Follow-on investment in a convertible financing round of Paymob For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55356XI-IATI-EBRD-53190European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan to Bank Al Etihad of up to USD 10 million, under the GCF-GEFF Jordan regional Programme, of which up to USD 500,000 is expected to be co-financed by the Green Climate Fund ("GCF") under the same conditions. Project objectives:The EBRD loan will enable Bank Al Etihad to support on-lending to eligible private sector commercial sub-borrowers for investments in high performance technologies and services supporting green economy transition. It will help BAE deepen its product offering, and hence expand its market share in SME and retail segments, where the bank is looking to grow further in the medium term. The project will also help develop the internal capacity of BAE and its leasing subsidiary Etihad Leasing in financing GET projects and identifying and funding advanced systems. BAE and its leasing subsidiary will receive the Bank's know-how and toolkit to help them design and implement the necessary procedures to originate and finance climate change mitigation and adaptation projects.European Bank for Reconstruction and DevelopmentBANK AL-ETIHADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGAMMAN31.95522 35.945030.018309513.26BANK AL-ETIHADPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan to Bank Al Etihad of up to USD 10 million, under the GCF-GEFF Jordan regional Programme, of which up to USD 500,000 is expected to be co-financed by the Green Climate Fund ("GCF") under the same conditions. Project objectives:The EBRD loan will enable Bank Al Etihad to support on-lending to eligible private sector commercial sub-borrowers for investments in high performance technologies and services supporting green economy transition. It will help BAE deepen its product offering, and hence expand its market share in SME and retail segments, where the bank is looking to grow further in the medium term. The project will also help develop the internal capacity of BAE and its leasing subsidiary Etihad Leasing in financing GET projects and identifying and funding advanced systems. BAE and its leasing subsidiary will receive the Bank's know-how and toolkit to help them design and implement the necessary procedures to originate and finance climate change mitigation and adaptation projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53190XI-IATI-EBRD-51031European Bank for Reconstruction and DevelopmentProvision of a senior long-term loan to finance the development, construction and operation of the 38 MW Szymankowo wind farm in northern Poland (the "Project"). The Project has been developed by Polenergia Farma Wiatrowa Szymankowo Sp. z o.o. ("Developer"). Construction works are expected to be completed in 2021. The loan is to be made available to Polenergia Farma Wiatrowa Szymankowo Sp. z o. o. (the "Borrower"), established to develop, construct and operate the Szymankowo wind farm. The Borrower is owned by Polenergia S.A. (the "Sponsor"). The Project will contribute to climate mitigation by increasing the share of renewable energy generation in Poland and add 38 MW wind generation capacity to the national energy system. This is expected to generate ca 85 thousand tonnes of CO2 emission savings per annum. In addition, the Project will strengthen the private sector's role in the renewable energy sector in Poland.European Bank for Reconstruction and DevelopmentPOLENERGIA FARMA WIATROWA SZYMANKOWO SP ZOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.011789772205.24POLENERGIA FARMA WIATROWA SZYMANKOWO SP ZOOPRIVATEPRIVATEPRIVATEProvision of a senior long-term loan to finance the development, construction and operation of the 38 MW Szymankowo wind farm in northern Poland (the "Project"). The Project has been developed by Polenergia Farma Wiatrowa Szymankowo Sp. z o.o. ("Developer"). Construction works are expected to be completed in 2021. The loan is to be made available to Polenergia Farma Wiatrowa Szymankowo Sp. z o. o. (the "Borrower"), established to develop, construct and operate the Szymankowo wind farm. The Borrower is owned by Polenergia S.A. (the "Sponsor"). The Project will contribute to climate mitigation by increasing the share of renewable energy generation in Poland and add 38 MW wind generation capacity to the national energy system. This is expected to generate ca 85 thousand tonnes of CO2 emission savings per annum. In addition, the Project will strengthen the private sector's role in the renewable energy sector in Poland. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51031XI-IATI-EBRD-52312European Bank for Reconstruction and DevelopmentProvision of two long-term senior secured loans available to Gaberpoint Investments sp. z o.o Banie 3 sp.j. and Derickar Investments sp. z o.o. Eneal sp.j (the "Borrowers") to finance development, construction and operation of two wind farms: 81.4MW Banie Phase 3 wind farm located in the north-western Poland and the 44 MW Sepopol wind farm located in north-eastern Poland (together, the "Project"). The Project has been developed by Energix Polska Sp. z o.o, (the "Developer"). The Borrowers and Developer are owned by Energix Renewable Energies Ltd., an Israeli renewables company publicly listed on the Tel Aviv Stock Exchange, and operating internationally. The Project will contribute to climate mitigation by adding 125.4 MW wind generation capacity to the Polish national energy system. In addition, the Project contributes to strengthening of the private sector's role in the renewable energy sector in Poland.European Bank for Reconstruction and DevelopmentGABERPOINT INVESTMENTS SP ZOO BANIE 3 SP JEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.0117863984677.19GABERPOINT INVESTMENTS SP ZOO BANIE 3 SP JPRIVATEPRIVATEPRIVATEProvision of two long-term senior secured loans available to Gaberpoint Investments sp. z o.o Banie 3 sp.j. and Derickar Investments sp. z o.o. Eneal sp.j (the "Borrowers") to finance development, construction and operation of two wind farms: 81.4MW Banie Phase 3 wind farm located in the north-western Poland and the 44 MW Sepopol wind farm located in north-eastern Poland (together, the "Project"). The Project has been developed by Energix Polska Sp. z o.o, (the "Developer"). The Borrowers and Developer are owned by Energix Renewable Energies Ltd., an Israeli renewables company publicly listed on the Tel Aviv Stock Exchange, and operating internationally. The Project will contribute to climate mitigation by adding 125.4 MW wind generation capacity to the Polish national energy system. In addition, the Project contributes to strengthening of the private sector's role in the renewable energy sector in Poland. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52312XI-IATI-EBRD-54365European Bank for Reconstruction and DevelopmentProvision of up to MAD 150m (ca. EUR 13.8m equivalent) senior loan in favour of PROCANEQ to finance the purchase of new equipment for the extraction and transport of phosphate ore into the processing facilities in 3 phosphate mines, owned and operated by Office Cherifien des Phosphates ("OCP"), one of the world's largest producers of phosphate. The new equipment to be financed by the Bank will be more energy efficient using less diesel, therefore achieving lower GHG emissions. The project will support the Company's strategic plan, which aims to i) replace the existing equipment with more energy efficient one that is utilizing less diesel hence decreasing GHG emissions; ii) conduct exploration activities on three additional mines for OCP; iii) create more jobs in the sector by doubling its work force to more than 440 people; and iv) increase reporting quality and disclosures by adopting IFRS using the Bank's technical assistance.European Bank for Reconstruction and DevelopmentPROCANEQ MAROC SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCASABLANCA33.58831 -7.611388.9513992201.87PROCANEQ MAROC SAPRIVATEPRIVATEPRIVATEProvision of up to MAD 150m (ca. EUR 13.8m equivalent) senior loan in favour of PROCANEQ to finance the purchase of new equipment for the extraction and transport of phosphate ore into the processing facilities in 3 phosphate mines, owned and operated by Office Cherifien des Phosphates ("OCP"), one of the world's largest producers of phosphate. The new equipment to be financed by the Bank will be more energy efficient using less diesel, therefore achieving lower GHG emissions. The project will support the Company's strategic plan, which aims to i) replace the existing equipment with more energy efficient one that is utilizing less diesel hence decreasing GHG emissions; ii) conduct exploration activities on three additional mines for OCP; iii) create more jobs in the sector by doubling its work force to more than 440 people; and iv) increase reporting quality and disclosures by adopting IFRS using the Bank's technical assistance. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54365XI-IATI-EBRD-49077European Bank for Reconstruction and DevelopmentAn equity commitment of up to EUR 25 million to Maghreb Private Equity Fund IV LLC (the "Fund"). The Fund will seek to realise long-term capital gains through investing in a diversified portfolio of small and mid-cap companies in Tunisia, Morocco and Egypt.European Bank for Reconstruction and DevelopmentMAGHREB PRIVATE EQUITY FUND IV LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.24967RABAT34.01325 -6.83255TUNIS36.81897 10.165791653746.6925000000MAGHREB PRIVATE EQUITY FUND IV LLCPRIVATEPRIVATEPRIVATEAn equity commitment of up to EUR 25 million to Maghreb Private Equity Fund IV LLC (the "Fund"). The Fund will seek to realise long-term capital gains through investing in a diversified portfolio of small and mid-cap companies in Tunisia, Morocco and Egypt. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49077XI-IATI-EBRD-56805European Bank for Reconstruction and DevelopmentInvestment of up EUR 25 million equivalent (to be made in PLN) in an issue of senior unsecured PLN denominated sustainable bonds. The bonds will be issued under Pepco Group's Sustainable Financing Framework. The proceeds of the Bank's investment in the Bond will be used to finance the Group's eligible expenses under the Sustainable Financing Framework in Poland, including purchases of renewable energy, acquisition /lease of certified green buildings and purchases of garments made of certified sustainable textiles.European Bank for Reconstruction and DevelopmentPEU FIN PLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.0117824430513.11PEU FIN PLCPRIVATEPRIVATEPRIVATEInvestment of up EUR 25 million equivalent (to be made in PLN) in an issue of senior unsecured PLN denominated sustainable bonds. The bonds will be issued under Pepco Group's Sustainable Financing Framework. The proceeds of the Bank's investment in the Bond will be used to finance the Group's eligible expenses under the Sustainable Financing Framework in Poland, including purchases of renewable energy, acquisition /lease of certified green buildings and purchases of garments made of certified sustainable textiles. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56805XI-IATI-EBRD-49211European Bank for Reconstruction and DevelopmentLong-term senior debt financing of up to USD 16.2 million (EUR 14.9 million equivalent) to finance the construction of a 30 MW solar photovoltaic plant located in the proposed 1.8 GW Benban solar complex in the Aswan province of Egypt (the "Project"). The Project will be one of the first utility scale solar plants in Egypt and will support the country in increasing its renewable energy capacity. The Project is part of a larger portfolio of two plants with a total capacity of 80 MW developed in Benban by the same group of lead sponsors. The Project will be developed under the programme implemented by the Egyptian government offering feed-in tariffs to projects of up to 50 MW capacity to stimulate private investment in over 4 GW of wind and solar power. This scheme aims to support Egypt to move to a more environmentally sustainable and diverse electricity sector by exploiting the country's vast renewable energy potential. It is expected to improve the environmental characteristics of Egypt's power sector by reducing emissions of local pollutants and CO2, as well as water consumption.European Bank for Reconstruction and DevelopmentMMID 30 FOR RENEWABLE ENERGY SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496714311066.27MMID 30 FOR RENEWABLE ENERGY SAEPRIVATEPRIVATEPRIVATELong-term senior debt financing of up to USD 16.2 million (EUR 14.9 million equivalent) to finance the construction of a 30 MW solar photovoltaic plant located in the proposed 1.8 GW Benban solar complex in the Aswan province of Egypt (the "Project"). The Project will be one of the first utility scale solar plants in Egypt and will support the country in increasing its renewable energy capacity. The Project is part of a larger portfolio of two plants with a total capacity of 80 MW developed in Benban by the same group of lead sponsors. The Project will be developed under the programme implemented by the Egyptian government offering feed-in tariffs to projects of up to 50 MW capacity to stimulate private investment in over 4 GW of wind and solar power. This scheme aims to support Egypt to move to a more environmentally sustainable and diverse electricity sector by exploiting the country's vast renewable energy potential. It is expected to improve the environmental characteristics of Egypt's power sector by reducing emissions of local pollutants and CO2, as well as water consumption. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49211XI-IATI-EBRD-53366European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to EUR 2m to be provided in two equal tranches under the Western Balkans Green Economy Financing Facility (WB GEFF I). The second tranche will be uncommitted and its commitment will be in the discretion of EBRD management. This project will contribute to the objectives of WB GEFF, supporting the Green and Competitive transition qualities.European Bank for Reconstruction and DevelopmentMIKROFIN DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBANJA LUKA44.77842 17.193862000000MIKROFIN DOOPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to EUR 2m to be provided in two equal tranches under the Western Balkans Green Economy Financing Facility (WB GEFF I). The second tranche will be uncommitted and its commitment will be in the discretion of EBRD management. This project will contribute to the objectives of WB GEFF, supporting the Green and Competitive transition qualities. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53366XI-IATI-EBRD-51578European Bank for Reconstruction and DevelopmentProvision of a senior loan of up to EUR 3 million to Sparkasse Bank Macedonia ('SBM') for on-lending to eligible private individuals for housing purposes. The proceeds of the loan will be used by SBM to provide long-term financing for residential mortgage lending in North Macedonia.European Bank for Reconstruction and DevelopmentSPARKASSE BANK AD SKOPJEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.431413000000SPARKASSE BANK AD SKOPJEPRIVATEPRIVATEPRIVATEProvision of a senior loan of up to EUR 3 million to Sparkasse Bank Macedonia ('SBM') for on-lending to eligible private individuals for housing purposes. The proceeds of the loan will be used by SBM to provide long-term financing for residential mortgage lending in North Macedonia. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51578XI-IATI-EBRD-54039European Bank for Reconstruction and DevelopmentA sovereign guaranteed loan of up to EUR 300 million, composed of tranches of EUR 200 million and EUR 100 million, in favour of Javno preduzece "Elektroprivreda Srbije" Beograd ("EPS," or the "Company"), a fully state-owned power utility in Serbia. Loan proceeds will be used to support the Company's liquidity needs required to maintain stability of the national electricity sector. The proposed loan addresses an emergency liquidity gap by providing financial support to EPS, thus helping the Company manage an unprecedented spike in electricity import prices and operational difficulties. EBRD loan proceeds are to be ring-fenced from the Company's fossil fuel assets. The investment will include the development of a credible and tangible de-carbonisation strategy and action plan for the Company, including a coal phase out strategy by 2050, with the aim to help Serbia enhance its long-term security of power supply and create an enabling environment for the transition to clean energy. The investment builds on the EBRD's long engagement with the Company and will provide a further push to the Company's prolonged corporate reform programme, with the aim to strengthen its corporate governance and management as well as build opportunities for re-skilling the workforce affected by the green economy transition.European Bank for Reconstruction and DevelopmentELEKTROPRIVREDA SRBIJE BELGRADE JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.46513300000000ELEKTROPRIVREDA SRBIJE BELGRADE JSC3000000ELEKTROPRIVREDA SRBIJE BELGRADE JSC100000000ELEKTROPRIVREDA SRBIJE BELGRADE JSC25000000ELEKTROPRIVREDA SRBIJE BELGRADE JSC28000000ELEKTROPRIVREDA SRBIJE BELGRADE JSC45000000ELEKTROPRIVREDA SRBIJE BELGRADE JSC50000000ELEKTROPRIVREDA SRBIJE BELGRADE JSC49000000ELEKTROPRIVREDA SRBIJE BELGRADE JSCSTATESTATESTATESTATEA sovereign guaranteed loan of up to EUR 300 million, composed of tranches of EUR 200 million and EUR 100 million, in favour of Javno preduzece "Elektroprivreda Srbije" Beograd ("EPS," or the "Company"), a fully state-owned power utility in Serbia. Loan proceeds will be used to support the Company's liquidity needs required to maintain stability of the national electricity sector. The proposed loan addresses an emergency liquidity gap by providing financial support to EPS, thus helping the Company manage an unprecedented spike in electricity import prices and operational difficulties. EBRD loan proceeds are to be ring-fenced from the Company's fossil fuel assets. The investment will include the development of a credible and tangible de-carbonisation strategy and action plan for the Company, including a coal phase out strategy by 2050, with the aim to help Serbia enhance its long-term security of power supply and create an enabling environment for the transition to clean energy. The investment builds on the EBRD's long engagement with the Company and will provide a further push to the Company's prolonged corporate reform programme, with the aim to strengthen its corporate governance and management as well as build opportunities for re-skilling the workforce affected by the green economy transition. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54039XI-IATI-EBRD-55717European Bank for Reconstruction and DevelopmentProvision of a Portfolio Risk Sharing ("PRS") limit of up to EUR 25 million equivalent unfunded financial guarantee. The guarantee will cover up to 50% of the aggregate amount of a granular portfolio of newly issued sub-loans to Small and Medium Enterprises ("SMEs") of up to EUR 50 million (the "Covered Portfolio") originated by CIB for up to 5 years. The project aims to support local eligible SMEs across Egypt, providing greater access to financial resources and opportunities, by releasing the bank's risk-taking capacity.European Bank for Reconstruction and DevelopmentCOMMERCIAL INTERNATIONAL BANK EGYPT CIB SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.249672500000025000000COMMERCIAL INTERNATIONAL BANK EGYPT CIB SAEPRIVATEPRIVATEPRIVATEProvision of a Portfolio Risk Sharing ("PRS") limit of up to EUR 25 million equivalent unfunded financial guarantee. The guarantee will cover up to 50% of the aggregate amount of a granular portfolio of newly issued sub-loans to Small and Medium Enterprises ("SMEs") of up to EUR 50 million (the "Covered Portfolio") originated by CIB for up to 5 years. The project aims to support local eligible SMEs across Egypt, providing greater access to financial resources and opportunities, by releasing the bank's risk-taking capacity. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55717XI-IATI-EBRD-51437European Bank for Reconstruction and DevelopmentProvision of a loan of up to EUR 72 million in favour of a newly established limited liability company (the "Borrower"), incorporated in Poland, to develop and operate build-to-suit ("BTS") logistics projects (the "Sub-Projects" and taken together the "Project") in regional cities in Poland. DL Invest Group PM S.A. (the "Client") owns 100% of the Borrower and will act as the developer of the Project. The EBRD funding will support the development and operation of the Sub-Projects.European Bank for Reconstruction and DevelopmentDL INVEST GROUP E SP ZOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKATOWICE50.25841 19.0275472000000DL INVEST GROUP E SP ZOOPRIVATEPRIVATEPRIVATEProvision of a loan of up to EUR 72 million in favour of a newly established limited liability company (the "Borrower"), incorporated in Poland, to develop and operate build-to-suit ("BTS") logistics projects (the "Sub-Projects" and taken together the "Project") in regional cities in Poland. DL Invest Group PM S.A. (the "Client") owns 100% of the Borrower and will act as the developer of the Project. The EBRD funding will support the development and operation of the Sub-Projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51437XI-IATI-EBRD-50612European Bank for Reconstruction and DevelopmentProvision of a sovereign guaranteed loan to "Regionalni vodovod Crnogorsko Primorje", the regional water supply company of Montenegro ("RWSC"), to finance: i) the construction of a direct pipeline to the municipality of Herceg Novi: ii) construction of a second 13 km long pipe from Budva to Tivat: and iii) the construction of a new secondary water supply network and a new wastewater infrastructure for settlements of Dobra Voda and Veliki Pijesak in the Bar municipality (the "Project"). The project aims to improve the water supply in the coastal region of Montenegro. This region is the driver of Montenegro's tourism industry, which needs a further increase in water supply in order to continue its growth. The project will also benefit the local population, especially in areas that are not yet connected to the water supply system.European Bank for Reconstruction and DevelopmentREGIONAL WATER SUPPLY COMPANY OF THE REPUBLIC OF MONTENEGROEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUDVA42.28639 18.841274212.2112000000REGIONAL WATER SUPPLY COMPANY OF THE REPUBLIC OF MONTENEGRO120000REGIONAL WATER SUPPLY COMPANY OF THE REPUBLIC OF MONTENEGRO452700REGIONAL WATER SUPPLY COMPANY OF THE REPUBLIC OF MONTENEGRO11995REGIONAL WATER SUPPLY COMPANY OF THE REPUBLIC OF MONTENEGRO9053.75REGIONAL WATER SUPPLY COMPANY OF THE REPUBLIC OF MONTENEGRO102454.89REGIONAL WATER SUPPLY COMPANY OF THE REPUBLIC OF MONTENEGRO9006.25REGIONAL WATER SUPPLY COMPANY OF THE REPUBLIC OF MONTENEGRO128308.31REGIONAL WATER SUPPLY COMPANY OF THE REPUBLIC OF MONTENEGRO15667.15REGIONAL WATER SUPPLY COMPANY OF THE REPUBLIC OF MONTENEGRO707531.28REGIONAL WATER SUPPLY COMPANY OF THE REPUBLIC OF MONTENEGRO143708.25REGIONAL WATER SUPPLY COMPANY OF THE REPUBLIC OF MONTENEGRO190171.46REGIONAL WATER SUPPLY COMPANY OF THE REPUBLIC OF MONTENEGRO24141.01REGIONAL WATER SUPPLY COMPANY OF THE REPUBLIC OF MONTENEGRO65025.18REGIONAL WATER SUPPLY COMPANY OF THE REPUBLIC OF MONTENEGRO298915.2REGIONAL WATER SUPPLY COMPANY OF THE REPUBLIC OF MONTENEGRO46185.01REGIONAL WATER SUPPLY COMPANY OF THE REPUBLIC OF MONTENEGRO70694.58REGIONAL WATER SUPPLY COMPANY OF THE REPUBLIC OF MONTENEGRO272605.87REGIONAL WATER SUPPLY COMPANY OF THE REPUBLIC OF MONTENEGRO375485.44REGIONAL WATER SUPPLY COMPANY OF THE REPUBLIC OF MONTENEGRO47460REGIONAL WATER SUPPLY COMPANY OF THE REPUBLIC OF MONTENEGRO71265.6REGIONAL WATER SUPPLY COMPANY OF THE REPUBLIC OF MONTENEGRO5932.5REGIONAL WATER SUPPLY COMPANY OF THE REPUBLIC OF MONTENEGRO1754470.75REGIONAL WATER SUPPLY COMPANY OF THE REPUBLIC OF MONTENEGRO71265.62REGIONAL WATER SUPPLY COMPANY OF THE REPUBLIC OF MONTENEGRO269292.33REGIONAL WATER SUPPLY COMPANY OF THE REPUBLIC OF MONTENEGRO47378.33REGIONAL WATER SUPPLY COMPANY OF THE REPUBLIC OF MONTENEGRO1788066.89REGIONAL WATER SUPPLY COMPANY OF THE REPUBLIC OF MONTENEGRO482148.92REGIONAL WATER SUPPLY COMPANY OF THE REPUBLIC OF MONTENEGRO833478.66REGIONAL WATER SUPPLY COMPANY OF THE REPUBLIC OF MONTENEGRO16245.64REGIONAL WATER SUPPLY COMPANY OF THE REPUBLIC OF MONTENEGRO1288638.34REGIONAL WATER SUPPLY COMPANY OF THE REPUBLIC OF MONTENEGRO603597.96REGIONAL WATER SUPPLY COMPANY OF THE REPUBLIC OF MONTENEGRO66889.61REGIONAL WATER SUPPLY COMPANY OF THE REPUBLIC OF MONTENEGRO24222.19REGIONAL WATER SUPPLY COMPANY OF THE REPUBLIC OF MONTENEGRO26301.31REGIONAL WATER SUPPLY COMPANY OF THE REPUBLIC OF MONTENEGRO8935REGIONAL WATER SUPPLY COMPANY OF THE REPUBLIC OF MONTENEGRO69824.2REGIONAL WATER SUPPLY COMPANY OF THE REPUBLIC OF MONTENEGRO23393.86REGIONAL WATER SUPPLY COMPANY OF THE REPUBLIC OF MONTENEGRO35533.04REGIONAL WATER SUPPLY COMPANY OF THE REPUBLIC OF MONTENEGRO55341.2REGIONAL WATER SUPPLY COMPANY OF THE REPUBLIC OF MONTENEGRO7679.6REGIONAL WATER SUPPLY COMPANY OF THE REPUBLIC OF MONTENEGRO26251.56REGIONAL WATER SUPPLY COMPANY OF THE REPUBLIC OF MONTENEGRO15791.36REGIONAL WATER SUPPLY COMPANY OF THE REPUBLIC OF MONTENEGRO42734.69REGIONAL WATER SUPPLY COMPANY OF THE REPUBLIC OF MONTENEGROSTATESTATESTATESTATEProvision of a sovereign guaranteed loan to "Regionalni vodovod Crnogorsko Primorje", the regional water supply company of Montenegro ("RWSC"), to finance: i) the construction of a direct pipeline to the municipality of Herceg Novi: ii) construction of a second 13 km long pipe from Budva to Tivat: and iii) the construction of a new secondary water supply network and a new wastewater infrastructure for settlements of Dobra Voda and Veliki Pijesak in the Bar municipality (the "Project"). The project aims to improve the water supply in the coastal region of Montenegro. This region is the driver of Montenegro's tourism industry, which needs a further increase in water supply in order to continue its growth. The project will also benefit the local population, especially in areas that are not yet connected to the water supply system. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50612XI-IATI-EBRD-55880European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to EUR 2.0 million to be made available in two tranches to Union Bank ("UB") under the Western Balkans Youth in Business ("WB YiB") Programme. The second tranche will be uncommitted. The proposed operation will comply with the criteria under the WB Youth in Business Programme. The proceeds of the Bank's investment will be used for eligible Youth MSMEs in accordance with the respective Policy Statement.European Bank for Reconstruction and DevelopmentUNION BANK SHAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTIRANA41.3275 19.818892000000UNION BANK SHAPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to EUR 2.0 million to be made available in two tranches to Union Bank ("UB") under the Western Balkans Youth in Business ("WB YiB") Programme. The second tranche will be uncommitted. The proposed operation will comply with the criteria under the WB Youth in Business Programme. The proceeds of the Bank's investment will be used for eligible Youth MSMEs in accordance with the respective Policy Statement. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55880XI-IATI-EBRD-53469European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan in the amount of up to EUR 8 million in a single tranche to Banka Intesa Beograd ("BIB"), a joint-stock company incorporated in Serbia, for on-lending to eligible women-led SMEs in line with the criteria under Western Balkans Women in Business Programme Phase II ("WB WiBP II"). The proposed operation is the fifth successive loan to BIB under WB WiBP following the full and successful utilisation of the previous facilities. The project will contribute to women's economic inclusion by supporting women-led SMEs' access to finance and business advisory services.European Bank for Reconstruction and DevelopmentBANCA INTESA AD BEOGRADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.465138000000BANCA INTESA AD BEOGRADPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan in the amount of up to EUR 8 million in a single tranche to Banka Intesa Beograd ("BIB"), a joint-stock company incorporated in Serbia, for on-lending to eligible women-led SMEs in line with the criteria under Western Balkans Women in Business Programme Phase II ("WB WiBP II"). The proposed operation is the fifth successive loan to BIB under WB WiBP following the full and successful utilisation of the previous facilities. The project will contribute to women's economic inclusion by supporting women-led SMEs' access to finance and business advisory services. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53469XI-IATI-EBRD-56618European Bank for Reconstruction and DevelopmentProvision of a sovereign loan of up to USD 100 million to the Federal Republic of Nigeria to finance its participation in a special purpose vehicle (SPV) for the nationwide rollout of approximately 90,000 km of fibre-optic broadband infrastructure. The proposed project directly supports the Federal Government of Nigeria's objective to close the digital divide and raise service quality by enabling affordable household connectivity of at least 25 Mbps nationwide. By delivering resilient, open, and cost-effective broadband infrastructure, the project will also underpin economic diversification, productivity growth for MSMEs, and improved delivery of digital public services (education, health, security). The intervention prioritises unserved and underserved regions where commercial deployment has stalled, aligning public resources to de-risk first-mover investment and crowd in private capital for last-mile expansion. The project will be structured around the following components: Resilient Digital Infrastructure. This component finances the rollout of climate-resilient, low-carbon backbone and backhaul fibre in priority corridors lacking adequate connectivity. Infrastructure will be designed for high availability and disaster tolerance (redundant routes, robust O&M standards, secure landing and aggregation points). The build will follow open-access principles to maximise competition: neutral colocation, fair wholesale pricing, and transparent interconnection to enable ISPs, MNOs and other operators to extend service to households, public institutions, businesses and mobile towers. Public funds are catalyticitargeted to segments with poor economicsito mobilise private co-investment and operating commitments for last-mile access, including fixed wireless where appropriate. Expected outputs include new fibre-kilometres commissioned, population and institution coverage uplift, latency and outage reductions, and wholesale tariff benchmarks that enable affordable retail offers. Implementation Support in form of Technical Assistance which will include detailed designs and capacity building.European Bank for Reconstruction and DevelopmentNIGERIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGABUJA9.05785 7.4950887542677.0687542677.06NIGERIA SOVEREIGNSTATESTATESTATESTATEProvision of a sovereign loan of up to USD 100 million to the Federal Republic of Nigeria to finance its participation in a special purpose vehicle (SPV) for the nationwide rollout of approximately 90,000 km of fibre-optic broadband infrastructure. The proposed project directly supports the Federal Government of Nigeria's objective to close the digital divide and raise service quality by enabling affordable household connectivity of at least 25 Mbps nationwide. By delivering resilient, open, and cost-effective broadband infrastructure, the project will also underpin economic diversification, productivity growth for MSMEs, and improved delivery of digital public services (education, health, security). The intervention prioritises unserved and underserved regions where commercial deployment has stalled, aligning public resources to de-risk first-mover investment and crowd in private capital for last-mile expansion. The project will be structured around the following components: Resilient Digital Infrastructure. This component finances the rollout of climate-resilient, low-carbon backbone and backhaul fibre in priority corridors lacking adequate connectivity. Infrastructure will be designed for high availability and disaster tolerance (redundant routes, robust O&M standards, secure landing and aggregation points). The build will follow open-access principles to maximise competition: neutral colocation, fair wholesale pricing, and transparent interconnection to enable ISPs, MNOs and other operators to extend service to households, public institutions, businesses and mobile towers. Public funds are catalyticitargeted to segments with poor economicsito mobilise private co-investment and operating commitments for last-mile access, including fixed wireless where appropriate. Expected outputs include new fibre-kilometres commissioned, population and institution coverage uplift, latency and outage reductions, and wholesale tariff benchmarks that enable affordable retail offers. Implementation Support in form of Technical Assistance which will include detailed designs and capacity building. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56618XI-IATI-EBRD-54239European Bank for Reconstruction and DevelopmentA sustainability-linked loan of up to EUR 75 million to Ulker Biskuvi Sanayi A.S., one of the leading snackings brands in Turkiye, with a diverse product portfolio which includes biscuits, cakes and chocolates amongst others. The Bank's loan will be used to refinance EBRD's existing bilateral loan from 2020 maturing in April 2023 into a sustainability-linked loan and will be part of a larger refinancing package of an existing syndication facility.European Bank for Reconstruction and DevelopmentULKER BISKUVI SANAYI ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANKARA39.91987 32.8542775000000ULKER BISKUVI SANAYI ASPRIVATEPRIVATEPRIVATEA sustainability-linked loan of up to EUR 75 million to Ulker Biskuvi Sanayi A.S., one of the leading snackings brands in Turkiye, with a diverse product portfolio which includes biscuits, cakes and chocolates amongst others. The Bank's loan will be used to refinance EBRD's existing bilateral loan from 2020 maturing in April 2023 into a sustainability-linked loan and will be part of a larger refinancing package of an existing syndication facility. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54239XI-IATI-EBRD-55713European Bank for Reconstruction and DevelopmentThe Bank has invested USD 25 million under Türkiye GEFF II in a USD 150 million Basel III compliant Tier-2 ("B3T2") bond issued by ING Türkiye ("INGT"), a commercial bank incorporated in Türkiye. The bond is publicly offered and listed on the Irish Stock Exchange. The project will support INGT in strengthening its already strong capitalisation, via decreasing capital sensitivity to TRY volatility as well as supporting its funding diversification strategy , ultimately contributing to the resilience of the overall Turkish banking sector. Furthermore, INGT will allocate 210% of EBRD`s investment amount to projects which meet the GET eligibility criteria, in line with the Türkiye GEFF II Framework. INGT will finance sub-borrowers implementing green economy investments in a gender responsive way, including, among others, energy efficiency, renewable energy and climate resilience measures, and additional green investment areas focusing on nature and biodiversity, blue economy, as well as sustainable transport and tourism.European Bank for Reconstruction and DevelopmentING BANK ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496621885669.26ING BANK ASPRIVATEPRIVATEPRIVATEThe Bank has invested USD 25 million under Türkiye GEFF II in a USD 150 million Basel III compliant Tier-2 ("B3T2") bond issued by ING Türkiye ("INGT"), a commercial bank incorporated in Türkiye. The bond is publicly offered and listed on the Irish Stock Exchange. The project will support INGT in strengthening its already strong capitalisation, via decreasing capital sensitivity to TRY volatility as well as supporting its funding diversification strategy , ultimately contributing to the resilience of the overall Turkish banking sector. Furthermore, INGT will allocate 210% of EBRD`s investment amount to projects which meet the GET eligibility criteria, in line with the Türkiye GEFF II Framework. INGT will finance sub-borrowers implementing green economy investments in a gender responsive way, including, among others, energy efficiency, renewable energy and climate resilience measures, and additional green investment areas focusing on nature and biodiversity, blue economy, as well as sustainable transport and tourism. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55713XI-IATI-EBRD-54067European Bank for Reconstruction and DevelopmentFood Security Guarantee (FSG, the Facility) in the form of an unfunded risk-sharing instrument covering up to 50 per cent of the credit risk in newly originated sub-loans with the total value of €40 million equivalent to be originated by Pro CroCredit Bank Ukraine (PCBU) subject to total 50 portfolio portfolio cap. The facility will be used to support lending to Ukrainian private companies operating in the primary and secondary agriculture and other critical industries (such as pharmaceuticals, food retail, transportation and logistics), with the ultimate goal of preserving livelihoods in the country.European Bank for Reconstruction and DevelopmentPROCREDIT BANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.523810000000PROCREDIT BANK JSCPRIVATEPRIVATEPRIVATEFood Security Guarantee (FSG, the Facility) in the form of an unfunded risk-sharing instrument covering up to 50 per cent of the credit risk in newly originated sub-loans with the total value of €40 million equivalent to be originated by Pro CroCredit Bank Ukraine (PCBU) subject to total 50 portfolio portfolio cap. The facility will be used to support lending to Ukrainian private companies operating in the primary and secondary agriculture and other critical industries (such as pharmaceuticals, food retail, transportation and logistics), with the ultimate goal of preserving livelihoods in the country. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54067XI-IATI-EBRD-50271European Bank for Reconstruction and DevelopmentProvision of a sovereign loan to Georgia to co-finance the construction of the Tskere-Kobi tunnel (EBRD Project), which forms part of the Kvesheti-Kobi road section (the Project), located on the Jinvali-Larsi Road (North-South Corridor). The central section of the corridor connecting Kvesheti to Kobi needs to be fully realigned. The existing 35-km road is unsafe, experiences heavy traffic, and is difficult to maintain in winter, resulting in road closure for extended periods during winter. A new 23-km bypass road from Kvesheti to Kobi will be built to allow more traffic to travel on it safely, and will remain fully operational all year; it will also provide 5km of all-weather rural roads that will serve roadside villages. The Project will include five tunnels with a total length of about 11.6 km (the longest of which is about 9 km), and six bridges with a total length of about 1.6 km. The project will improve the connectivity, access and safety on the North-South Corridor and will contribute to economic development. The project is the priority for the Government of Georgia and is part of a comprehensive road rehabilitation programme, which aims to transform Georgia into a transport, logistics and a trade hub connecting Europe and Asia, as well as providing better transit links in the Caucasus region, with emphasis on the country's backbone for transit trade comprised of the East-West and North-South transport corridors.European Bank for Reconstruction and DevelopmentGEORGIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTBILISI41.69411 44.8336853400000GEORGIA SOVEREIGN534000GEORGIA SOVEREIGN11397225.66GEORGIA SOVEREIGN324488.38GEORGIA SOVEREIGN694556.07GEORGIA SOVEREIGN2631351.35GEORGIA SOVEREIGN375979.32GEORGIA SOVEREIGN697930.78GEORGIA SOVEREIGN863373.21GEORGIA SOVEREIGN1419904.61GEORGIA SOVEREIGN796582.89GEORGIA SOVEREIGN2140643.19GEORGIA SOVEREIGN671992.55GEORGIA SOVEREIGN1279575.58GEORGIA SOVEREIGN1361178.08GEORGIA SOVEREIGN1417320.6GEORGIA SOVEREIGN2812565.17GEORGIA SOVEREIGN645600.25GEORGIA SOVEREIGN970364.32GEORGIA SOVEREIGN975791.85GEORGIA SOVEREIGN767728.01GEORGIA SOVEREIGN198649.13GEORGIA SOVEREIGN1197713.65GEORGIA SOVEREIGN573573.37GEORGIA SOVEREIGN149769.57GEORGIA SOVEREIGN847175.27GEORGIA SOVEREIGN1754901.15GEORGIA SOVEREIGN709546.19GEORGIA SOVEREIGN183324.39GEORGIA SOVEREIGN891386.67GEORGIA SOVEREIGN721630.63GEORGIA SOVEREIGN853283.1GEORGIA SOVEREIGN912351.99GEORGIA SOVEREIGN952807.99GEORGIA SOVEREIGN241601.97GEORGIA SOVEREIGN1106170.86GEORGIA SOVEREIGN801693.43GEORGIA SOVEREIGN201964.66GEORGIA SOVEREIGN1141343.8GEORGIA SOVEREIGN273545.33GEORGIA SOVEREIGN1077066.61GEORGIA SOVEREIGN557922.69GEORGIA SOVEREIGN370218.86GEORGIA SOVEREIGN207087.98GEORGIA SOVEREIGN832863.24GEORGIA SOVEREIGN815309.56GEORGIA SOVEREIGN898506.7GEORGIA SOVEREIGN616205.16GEORGIA SOVEREIGN620243.62GEORGIA SOVEREIGN850097.85GEORGIA SOVEREIGN63892.71GEORGIA SOVEREIGNSTATESTATESTATESTATEProvision of a sovereign loan to Georgia to co-finance the construction of the Tskere-Kobi tunnel (EBRD Project), which forms part of the Kvesheti-Kobi road section (the Project), located on the Jinvali-Larsi Road (North-South Corridor). The central section of the corridor connecting Kvesheti to Kobi needs to be fully realigned. The existing 35-km road is unsafe, experiences heavy traffic, and is difficult to maintain in winter, resulting in road closure for extended periods during winter. A new 23-km bypass road from Kvesheti to Kobi will be built to allow more traffic to travel on it safely, and will remain fully operational all year; it will also provide 5km of all-weather rural roads that will serve roadside villages. The Project will include five tunnels with a total length of about 11.6 km (the longest of which is about 9 km), and six bridges with a total length of about 1.6 km. The project will improve the connectivity, access and safety on the North-South Corridor and will contribute to economic development. The project is the priority for the Government of Georgia and is part of a comprehensive road rehabilitation programme, which aims to transform Georgia into a transport, logistics and a trade hub connecting Europe and Asia, as well as providing better transit links in the Caucasus region, with emphasis on the country's backbone for transit trade comprised of the East-West and North-South transport corridors. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50271XI-IATI-EBRD-57450European Bank for Reconstruction and DevelopmentA senior loan of up to EUR 15 million (the "Loan") to the City of Kharkiv (the " City") in Ukraine, to finance the acquisition of distributed, resilient heat and electricity generating assets to restore heat supply tor residential, public and other buildings in the wake of the critical damage to the City's largest combined heat and power plant (the "Project"). The Loan is part of a broader financing package, which also includes a EUR 17 million investment grant from the European Union ("EU"). Given war-triggered risks, the Loan will also benefit from a partial guarantee provided by the EU on the first loss risk cover basis. The Loan and the EU grant proceeds will finance the acquisition of up to 22 small and medium-sized natural gas-fired modular boiler houses along with cogeneration units as well as 5 small cogeneration units in existing boiler houses. The implementation of the Project will result in restoration of District Heating ("DH") services, which were disrupted in February 2026 following the critical damage sustained by the Kharkiv combined heat and power plant No. 5 ("CHP-5"). The total annual reduction in greenhouse gas emission from the Project is calculated at 19,091 tonnes of CO2e.European Bank for Reconstruction and DevelopmentCITY OF KHARKIVEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKHARKIV49.98081 36.252721500000015000000CITY OF KHARKIVSTATESTATESTATESTATEA senior loan of up to EUR 15 million (the "Loan") to the City of Kharkiv (the " City") in Ukraine, to finance the acquisition of distributed, resilient heat and electricity generating assets to restore heat supply tor residential, public and other buildings in the wake of the critical damage to the City's largest combined heat and power plant (the "Project"). The Loan is part of a broader financing package, which also includes a EUR 17 million investment grant from the European Union ("EU"). Given war-triggered risks, the Loan will also benefit from a partial guarantee provided by the EU on the first loss risk cover basis. The Loan and the EU grant proceeds will finance the acquisition of up to 22 small and medium-sized natural gas-fired modular boiler houses along with cogeneration units as well as 5 small cogeneration units in existing boiler houses. The implementation of the Project will result in restoration of District Heating ("DH") services, which were disrupted in February 2026 following the critical damage sustained by the Kharkiv combined heat and power plant No. 5 ("CHP-5"). The total annual reduction in greenhouse gas emission from the Project is calculated at 19,091 tonnes of CO2e. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57450XI-IATI-EBRD-53003European Bank for Reconstruction and DevelopmentProvision of a senior loan of up to EUR 25 million (or TRY equivalent) to Netlog Lojistik Hizmetleri A.S. ("Netlog" or the "Borrower"). The Bank's investment will be used for financing the capital expenditures of the Borrower including (i) the acquisition of electric vehicles ("EVs"), to be used for deliveries across Turkey; (ii) the upgrading and expansion of the existing racking system of the Borrower's e-fulfilment centres to increase its storage capacity; and (iii) the acquisition of e-commerce mechanization equipment and supporting materials for their e-fulfilment centres (the "Project"). Netlog targets to be the first business to consumer ("B2C") operator in Turkey to deliver half of its shipments via zero-emission vehicles, in addition to increasing the storage capacity and improving the operational efficiency by modernisation of the mechanisation equipment in its e-fulfilment centres. The Project's overall objective is to achieve the Borrower's expansion in consumer delivery operations and improve its operational efficiency in the e-commerce business line, maintaining good financial and operational performance and GHG savings.European Bank for Reconstruction and DevelopmentNETLOG LOJISTIK HIZMETLERI ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496621148727.45NETLOG LOJISTIK HIZMETLERI ASPRIVATEPRIVATEPRIVATEProvision of a senior loan of up to EUR 25 million (or TRY equivalent) to Netlog Lojistik Hizmetleri A.S. ("Netlog" or the "Borrower"). The Bank's investment will be used for financing the capital expenditures of the Borrower including (i) the acquisition of electric vehicles ("EVs"), to be used for deliveries across Turkey; (ii) the upgrading and expansion of the existing racking system of the Borrower's e-fulfilment centres to increase its storage capacity; and (iii) the acquisition of e-commerce mechanization equipment and supporting materials for their e-fulfilment centres (the "Project"). Netlog targets to be the first business to consumer ("B2C") operator in Turkey to deliver half of its shipments via zero-emission vehicles, in addition to increasing the storage capacity and improving the operational efficiency by modernisation of the mechanisation equipment in its e-fulfilment centres. The Project's overall objective is to achieve the Borrower's expansion in consumer delivery operations and improve its operational efficiency in the e-commerce business line, maintaining good financial and operational performance and GHG savings. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53003XI-IATI-EBRD-42664European Bank for Reconstruction and DevelopmentThe EBRD is providing a loan up to KZT 1.05 billion (EUR 3.5 million equivalent) to the State Communal Enterprise "Taraz Su", a sole water distribution and wastewater management company in the city of Taraz in Kazakhstan, to support the rehabilitation and upgrade of the water system in the City. The Loan will be used to finance priority capital investments, including modernisation of pumping stations, rehabilitation of depreciated sections of water supply networks, introduction of SCADA system and expansion of zonal and building-level water metering (the "Project"). This will result in enhanced energy efficiency, reduced consumption of water and losses in the system, and improved environmental standards.European Bank for Reconstruction and DevelopmentWATER AND SEWAGE COMPANY OF THE CITY OF TARAZEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTARAZ42.9 71.366671900347.55WATER AND SEWAGE COMPANY OF THE CITY OF TARAZ296128.44WATER AND SEWAGE COMPANY OF THE CITY OF TARAZ337121.51WATER AND SEWAGE COMPANY OF THE CITY OF TARAZ537341.55WATER AND SEWAGE COMPANY OF THE CITY OF TARAZ343885.08WATER AND SEWAGE COMPANY OF THE CITY OF TARAZSTATESTATESTATESTATEThe EBRD is providing a loan up to KZT 1.05 billion (EUR 3.5 million equivalent) to the State Communal Enterprise "Taraz Su", a sole water distribution and wastewater management company in the city of Taraz in Kazakhstan, to support the rehabilitation and upgrade of the water system in the City. The Loan will be used to finance priority capital investments, including modernisation of pumping stations, rehabilitation of depreciated sections of water supply networks, introduction of SCADA system and expansion of zonal and building-level water metering (the "Project"). This will result in enhanced energy efficiency, reduced consumption of water and losses in the system, and improved environmental standards. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/42664XI-IATI-EBRD-56230European Bank for Reconstruction and DevelopmentUp to USD 25 million local currency denominated, three-year senior unsecured MSME credit line to Credo Bank ('Credo'), MSME dedicated lender in Georgia. The proposed loan aims to address key market gaps on both the supply side (limited access to local currency funding) and the demand side (insufficient MSME knowledge and expertise). It will enable Credo to continue supporting local MSME investments by providing medium-term financing in local currency, which remains scarce in the market. Credo will also maintain its focus on regional and peri-urban clients through its extensive branch and advisory network, further complemented by strengthened online lending channels.European Bank for Reconstruction and DevelopmentCREDO BANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTBILISI41.69411 44.8336822108721.14CREDO BANK JSCPRIVATEPRIVATEPRIVATEUp to USD 25 million local currency denominated, three-year senior unsecured MSME credit line to Credo Bank ('Credo'), MSME dedicated lender in Georgia. The proposed loan aims to address key market gaps on both the supply side (limited access to local currency funding) and the demand side (insufficient MSME knowledge and expertise). It will enable Credo to continue supporting local MSME investments by providing medium-term financing in local currency, which remains scarce in the market. Credo will also maintain its focus on regional and peri-urban clients through its extensive branch and advisory network, further complemented by strengthened online lending channels. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56230XI-IATI-EBRD-56725European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan to Inecobank CJSC in amount of up to EUR 90m under the Financial Intermediaries Framework ("FIF") for on-lending to private micro, small and medium enterprises ("MSMEs") in Armenia. The loan will have a tenor of up to 5 years. The project will improve access to finance for MSMEs, which are the main source of employment in the private sector and a major contributor to the economy in Armenia. The loan will enable Inecobank to increase its outreach and meet unsatisfied demand for longer term funding from MSMEs. The focus will also be on lending in the regions outside of the capital and attracting new MSME clients.European Bank for Reconstruction and DevelopmentINECOBANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYEREVAN40.18111 44.5136191428258.78INECOBANK CJSCPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan to Inecobank CJSC in amount of up to EUR 90m under the Financial Intermediaries Framework ("FIF") for on-lending to private micro, small and medium enterprises ("MSMEs") in Armenia. The loan will have a tenor of up to 5 years. The project will improve access to finance for MSMEs, which are the main source of employment in the private sector and a major contributor to the economy in Armenia. The loan will enable Inecobank to increase its outreach and meet unsatisfied demand for longer term funding from MSMEs. The focus will also be on lending in the regions outside of the capital and attracting new MSME clients. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56725XI-IATI-EBRD-51068European Bank for Reconstruction and DevelopmentProvision of a long-term loan of up to USD 100 million, in SAR equivalent (the "Loan"), to Almarai Company (the "Company" or "Almarai"), a leading dairy and juice producer in Saudi Arabia. The Company is incorporated in Saudi Arabia and listed on the Saudi stock exchange. Proceeds from the Loan will be contributed to Beyti and Teeba, the Company's dairy and juice subsidiaries in Egypt and Jordan, respectively (the "Beneficiaries"). Proceeds from the Loan will be used as follows: (i) up to USD 90m equivalent earmarked for Beyti to fund its dairy and juice production capacity expansion and growing working capital needs; and (ii) up to USD 10m earmarked for Teeba, to strengthen its capital base and fund its permanent working capital needs.European Bank for Reconstruction and DevelopmentALMARAI COMPANY PJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.24967AMMAN31.95522 35.9450387470262.45ALMARAI COMPANY PJSCPRIVATEPRIVATEPRIVATEProvision of a long-term loan of up to USD 100 million, in SAR equivalent (the "Loan"), to Almarai Company (the "Company" or "Almarai"), a leading dairy and juice producer in Saudi Arabia. The Company is incorporated in Saudi Arabia and listed on the Saudi stock exchange. Proceeds from the Loan will be contributed to Beyti and Teeba, the Company's dairy and juice subsidiaries in Egypt and Jordan, respectively (the "Beneficiaries"). Proceeds from the Loan will be used as follows: (i) up to USD 90m equivalent earmarked for Beyti to fund its dairy and juice production capacity expansion and growing working capital needs; and (ii) up to USD 10m earmarked for Teeba, to strengthen its capital base and fund its permanent working capital needs. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51068XI-IATI-EBRD-50529European Bank for Reconstruction and DevelopmentAn equity investment of EUR 25m to acquire a minority stake of 2.8% in the renewable energy developer Voltalia SA. The investment is part of a larger capital increase of EUR 376m to finance the investment programme of the company for the period 2020-2023. A significant portion of that growth is expected to come from the Bank's countries of operations, in particular the southern and eastern Mediterranean and South Eastern Europe regions. Support the development of renewable energy in the Bank's regions. The company has given certain undertakings targeting the investment of at least EUR 50m of equity in the Bank's countries of operations.European Bank for Reconstruction and DevelopmentVOLTALIA SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUDAPEST47.49835 19.04045AMMAN31.95522 35.94503NUR-SULTAN51.1801 71.44598RABAT34.01325 -6.83255WARSAW52.22977 21.01178BRATISLAVA48.14816 17.10674TASHKENT41.26465 69.2162719999996.42VOLTALIA SAPRIVATEPRIVATEPRIVATEAn equity investment of EUR 25m to acquire a minority stake of 2.8% in the renewable energy developer Voltalia SA. The investment is part of a larger capital increase of EUR 376m to finance the investment programme of the company for the period 2020-2023. A significant portion of that growth is expected to come from the Bank's countries of operations, in particular the southern and eastern Mediterranean and South Eastern Europe regions. Support the development of renewable energy in the Bank's regions. The company has given certain undertakings targeting the investment of at least EUR 50m of equity in the Bank's countries of operations. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50529XI-IATI-EBRD-48724European Bank for Reconstruction and DevelopmentThe loan agreement is signed to provide up to USD 85 million financing to Turkiye Sinai Kalkinma Bankasi ("TSKB") under the Turkey Mid-Size Sustainable Energy Financing Facility III ("MidSEFF III") for on-lending to private sector borrowers for renewable energy ("RE") and resource efficiency ("ResE") investments. MidSEFF III builds on the success of MidSEFF & MidSEFF II and is aimed at i) increasing financiasl intermediation for RE and ResE investments to close these sectors' remaining financing gaps in Turkey, ii) improving the Participating Financial Institutions (PFIs) skills in technical assessment of a broader set of technologies, and iii) increasing the PFIs' knowledge of relevant EU environmental & social requirements and standards in assessing mid-size RE and ResE investments.European Bank for Reconstruction and DevelopmentTURKIYE SINAI KALKINMA BANKASI ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496674411275.5TURKIYE SINAI KALKINMA BANKASI ASPRIVATEPRIVATEPRIVATEThe loan agreement is signed to provide up to USD 85 million financing to Turkiye Sinai Kalkinma Bankasi ("TSKB") under the Turkey Mid-Size Sustainable Energy Financing Facility III ("MidSEFF III") for on-lending to private sector borrowers for renewable energy ("RE") and resource efficiency ("ResE") investments. MidSEFF III builds on the success of MidSEFF & MidSEFF II and is aimed at i) increasing financiasl intermediation for RE and ResE investments to close these sectors' remaining financing gaps in Turkey, ii) improving the Participating Financial Institutions (PFIs) skills in technical assessment of a broader set of technologies, and iii) increasing the PFIs' knowledge of relevant EU environmental & social requirements and standards in assessing mid-size RE and ResE investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48724XI-IATI-EBRD-54833European Bank for Reconstruction and DevelopmentThe EBRD has provided USD 52.8 million financing to Yapi ve Kredi Bankasi A.S. ("YKB") under YKB's existing Diversified Payment Rights ("DPR") programme. The proceeds of the financing are USD 52.8 million under the Green Economy Financing Facility ("GEFF"), of which USD 2.8m co-financed by the Clean Technology Fund ("The Project"). The Project will enable YKB to access long-term funding and diversify its funding sources. Under GEFF, The Project aims to support green economy investments including among others energy efficiency, renewable energy and climate resilience measures. Funds may also be on-lent to vendors and producers of eligible material and equipment covered by the Green Technology Selector for Turkiye. Cooperation will also be sought with YKB and sub-borrowers on the mainstreaming of corporate climate governance ("CCG") and gender-responsive on-lending and better integration of climate change and gender equality considerations into YKB's lending strategies and practices. The financing will be supported by Technical Cooperation ("TC") as envisaged under the GEFF. Concessional financing will also be available to support YKB to integrate climate change into their corporate governance approach.European Bank for Reconstruction and DevelopmentYAPI VE KREDI BANKASI ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496643771338.53YAPI VE KREDI BANKASI ASPRIVATEPRIVATEPRIVATEThe EBRD has provided USD 52.8 million financing to Yapi ve Kredi Bankasi A.S. ("YKB") under YKB's existing Diversified Payment Rights ("DPR") programme. The proceeds of the financing are USD 52.8 million under the Green Economy Financing Facility ("GEFF"), of which USD 2.8m co-financed by the Clean Technology Fund ("The Project"). The Project will enable YKB to access long-term funding and diversify its funding sources. Under GEFF, The Project aims to support green economy investments including among others energy efficiency, renewable energy and climate resilience measures. Funds may also be on-lent to vendors and producers of eligible material and equipment covered by the Green Technology Selector for Turkiye. Cooperation will also be sought with YKB and sub-borrowers on the mainstreaming of corporate climate governance ("CCG") and gender-responsive on-lending and better integration of climate change and gender equality considerations into YKB's lending strategies and practices. The financing will be supported by Technical Cooperation ("TC") as envisaged under the GEFF. Concessional financing will also be available to support YKB to integrate climate change into their corporate governance approach. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54833XI-IATI-EBRD-53401European Bank for Reconstruction and DevelopmentThe Bank has invested US$ 90 million in a US$ 500 million Eurobond issuance by Coca Cola Icecek A.S., a large producer, distributor and seller of sparkling and still beverages of The Coca-Cola Company across Turkey, Central Asia, Pakistan and the Middle East. As a sustainability-linked Eurobond, key sustainability performance indicators are linked to water savings. The proceeds from the Bank's investment will be utilised for refinancing of existing financial debt, capex investments, and working capital requirements in Turkey.European Bank for Reconstruction and DevelopmentCOCA-COLA ICECEK ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496687542677.06COCA-COLA ICECEK ASPRIVATEPRIVATEPRIVATEThe Bank has invested US$ 90 million in a US$ 500 million Eurobond issuance by Coca Cola Icecek A.S., a large producer, distributor and seller of sparkling and still beverages of The Coca-Cola Company across Turkey, Central Asia, Pakistan and the Middle East. As a sustainability-linked Eurobond, key sustainability performance indicators are linked to water savings. The proceeds from the Bank's investment will be utilised for refinancing of existing financial debt, capex investments, and working capital requirements in Turkey. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53401XI-IATI-EBRD-54455European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 100 million (or its USD equivalent) to DenizBank A.S. ("DenizBank") under Window 1 of the Türkiye-Disaster Response Framework ("DRF" or "Framework"), a framework for Turkish banks to support livelihoods, jobs and human capital in the South-Eastern provinces of Türkiye's affected by the February 6, 2023 earthquakes. The project will enable DenizBank to channel EBRD financing to support eligible private businesses and individuals directly impacted by the disaster, with an aim to address the most immediate funding needs of the local population in the affected cities, enabling borrowers to restructure existing loans as well as obtain additional financing as needed. The Framework constitutes the first and immediate phase of EBRD's emergency crisis response to the devastating earthquakes in South-Eastern Türkiye. It will channel EBRD funding via the Bank's existing partner banks in Türkiye to provide relief, and support reconstruction efforts in the disaster provinces. As such, the Framework reflects the goals of the EBRD's Equality of Opportunity Strategy 2021-2025 ("EOS") which recognises that shocks and crises, including natural disaster, have the potential to entrench and exacerbate existing inequality of opportunity, therefore requiring the EBRD to mitigate the impacts of such events on livelihoods and human capital.European Bank for Reconstruction and DevelopmentDENIZBANK ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496695421517.99DENIZBANK ASPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 100 million (or its USD equivalent) to DenizBank A.S. ("DenizBank") under Window 1 of the Türkiye-Disaster Response Framework ("DRF" or "Framework"), a framework for Turkish banks to support livelihoods, jobs and human capital in the South-Eastern provinces of Türkiye's affected by the February 6, 2023 earthquakes. The project will enable DenizBank to channel EBRD financing to support eligible private businesses and individuals directly impacted by the disaster, with an aim to address the most immediate funding needs of the local population in the affected cities, enabling borrowers to restructure existing loans as well as obtain additional financing as needed. The Framework constitutes the first and immediate phase of EBRD's emergency crisis response to the devastating earthquakes in South-Eastern Türkiye. It will channel EBRD funding via the Bank's existing partner banks in Türkiye to provide relief, and support reconstruction efforts in the disaster provinces. As such, the Framework reflects the goals of the EBRD's Equality of Opportunity Strategy 2021-2025 ("EOS") which recognises that shocks and crises, including natural disaster, have the potential to entrench and exacerbate existing inequality of opportunity, therefore requiring the EBRD to mitigate the impacts of such events on livelihoods and human capital. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54455XI-IATI-EBRD-48387European Bank for Reconstruction and DevelopmentA senior loan to Trakya electricity distribution company (TREDAS), Trakya electricity retail company (TREPAS), and to their parent company, IC Ictas Elektrik (ICEL) (together the co-borrowers). The transaction is part of an approximately USD 685 million dual currency financing package to be used for (i) refinancing existing financing package (acquisition of TREDAS, working capital and existing CAPEX) and (ii) financing new CAPEX for the 2016-2020 tariff period. The project is an opportunity to support the ongoing liberalisation process in the Turkish electricity sector by backing one of the committed private energy players post-privatisation in Turkey through (i) financing the new CAPEX plan which is needed to upgrade the current distribution infrastructure network to reduce distribution losses, to enhance the environmental and safety standards and to improve efficiency and reliability of supply and (ii) financially strengthening the co-borrowers' balance sheet by refinancing the acquisition of the distribution company and previous capex investment plan. The bank's loan will finance the new CAPEX plan and up to 10 per cent of the refinancing tranche.European Bank for Reconstruction and DevelopmentIC ICTAS TRAKYA ENERJI YATIRIMLARI VE TICARET ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTEKIRDAG40.9781 27.5110158810483.75IC ICTAS TRAKYA ENERJI YATIRIMLARI VE TICARET ASPRIVATEPRIVATEPRIVATEA senior loan to Trakya electricity distribution company (TREDAS), Trakya electricity retail company (TREPAS), and to their parent company, IC Ictas Elektrik (ICEL) (together the co-borrowers). The transaction is part of an approximately USD 685 million dual currency financing package to be used for (i) refinancing existing financing package (acquisition of TREDAS, working capital and existing CAPEX) and (ii) financing new CAPEX for the 2016-2020 tariff period. The project is an opportunity to support the ongoing liberalisation process in the Turkish electricity sector by backing one of the committed private energy players post-privatisation in Turkey through (i) financing the new CAPEX plan which is needed to upgrade the current distribution infrastructure network to reduce distribution losses, to enhance the environmental and safety standards and to improve efficiency and reliability of supply and (ii) financially strengthening the co-borrowers' balance sheet by refinancing the acquisition of the distribution company and previous capex investment plan. The bank's loan will finance the new CAPEX plan and up to 10 per cent of the refinancing tranche. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48387XI-IATI-EBRD-53935European Bank for Reconstruction and DevelopmentSenior unsecured loan in the amount of up to USD 4 million to ACBA Bank for on-lending to women-led MSMEs under the Women in Business (WiB) Programme in the Eastern Partnership countries. The proposed loan will promote further women's entrepreneurship and women's participation in business facilitating access to finance, know-how and advice. It will further strengthen ACBA`s customer base and further support and encourage developing new products in the local banking sector with specific focus on women-led SMEs and growth of medium and long-term financing.European Bank for Reconstruction and DevelopmentACBA BANK OJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYEREVAN40.18111 44.513613738471.71ACBA BANK OJSCPRIVATEPRIVATEPRIVATESenior unsecured loan in the amount of up to USD 4 million to ACBA Bank for on-lending to women-led MSMEs under the Women in Business (WiB) Programme in the Eastern Partnership countries. The proposed loan will promote further women's entrepreneurship and women's participation in business facilitating access to finance, know-how and advice. It will further strengthen ACBA`s customer base and further support and encourage developing new products in the local banking sector with specific focus on women-led SMEs and growth of medium and long-term financing. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53935XI-IATI-EBRD-55343European Bank for Reconstruction and DevelopmentThe EBRD has provided the equivalent of EUR 100 million in USD financing to Turkiye Is Bankasi A.S. ("Isbank") under Isbank's existing Diversified Payment Rights ("DPR") programme. The proceeds of the financing will be split between the Turkiye Green Economy Financing Facility II ("GEFF II"), receiving the equivalent of EUR 75 million in USD, and the Türkiye Digital Transformation Financing Facility (DTFF), receiving the equivalent of EUR 25 million in USD (together, "The Project"). Under GEFF II, The Project aims to support green economy investments including among others energy efficiency, renewable energy and climate resilience measures. The loans will be supported by Technical Cooperation (TC) as envisaged under GEFF II. Under DTFF, Isbank will finance investments of Turkish manufacturing SMEs to implement Digital Transformation roadmaps in compliance with the DTFF Policy Statement criteria, with the ultimate goal of improving SMEs' productivity and efficiency through industry innovative practices and advanced technologies.European Bank for Reconstruction and DevelopmentTURKIYE IS BANKASI ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496670157795.68TURKIYE IS BANKASI ASPRIVATEPRIVATEPRIVATEThe EBRD has provided the equivalent of EUR 100 million in USD financing to Turkiye Is Bankasi A.S. ("Isbank") under Isbank's existing Diversified Payment Rights ("DPR") programme. The proceeds of the financing will be split between the Turkiye Green Economy Financing Facility II ("GEFF II"), receiving the equivalent of EUR 75 million in USD, and the Türkiye Digital Transformation Financing Facility (DTFF), receiving the equivalent of EUR 25 million in USD (together, "The Project"). Under GEFF II, The Project aims to support green economy investments including among others energy efficiency, renewable energy and climate resilience measures. The loans will be supported by Technical Cooperation (TC) as envisaged under GEFF II. Under DTFF, Isbank will finance investments of Turkish manufacturing SMEs to implement Digital Transformation roadmaps in compliance with the DTFF Policy Statement criteria, with the ultimate goal of improving SMEs' productivity and efficiency through industry innovative practices and advanced technologies. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55343XI-IATI-EBRD-56636European Bank for Reconstruction and DevelopmentThe development of green-certified, earthquake-resistant student dormitory with c.500 beds within Ozyegin University's (the "Borrower") existing Cekmekoy campus in Istanbul, Turkiye. The EBRD's financing will be used for the development of an earthquake resilient modern student dormitory located within the Ozyegin University's campus (the "Project"). The Project strongly aligns with the EBRD Real Estate Strategy 2025-2029, reinforcing priorities such as addressing the housing gap by delivering modern student accommodation and increased resource & energy efficiency.European Bank for Reconstruction and DevelopmentOZYEGIN UNIVERSITYEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496617508535.41OZYEGIN UNIVERSITYPRIVATEPRIVATEPRIVATEThe development of green-certified, earthquake-resistant student dormitory with c.500 beds within Ozyegin University's (the "Borrower") existing Cekmekoy campus in Istanbul, Turkiye. The EBRD's financing will be used for the development of an earthquake resilient modern student dormitory located within the Ozyegin University's campus (the "Project"). The Project strongly aligns with the EBRD Real Estate Strategy 2025-2029, reinforcing priorities such as addressing the housing gap by delivering modern student accommodation and increased resource & energy efficiency. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56636XI-IATI-EBRD-54812European Bank for Reconstruction and DevelopmentA Resilience and Livelihoods Guarantee ("RLG"), under the Resilience and Livelihoods Framework, in the form of an unfunded portfolio risk-sharing facility covering up to 50 per cent of the credit risk in sub-loans with the total value of EUR 200 million equivalent (the "Covered Portfolio") to be originated by JSC "State Savings Bank of Ukraine" ("Oschadbank", "OB", the "PFI") in Ukraine. The Project will be delivered in three tranches: Tranche A (committed) includes EUR 12.5M of EBRD's guarantee to cover EUR 50M of the Covered Portfolio; Tranches B and C (uncommitted) will include up to EUR 18.75M of EBRD's guarantee to cover EUR 75M of the Covered Portfolio each. The Project will include a sub-limit under the SME Competitiveness Programme in the European Union's (EU) Eastern Partnership ("EaP SMEC" sub-limit, assigned with a separate EBRD project number 54813) of up to €40 million or 20% of the Covered Portfolio to finance long term capital investments of micro-, small-, and medium sized enterprises ("MSMEs") to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of EaP SMEC sub-limit), thereby enhancing businesses' competitiveness. Eligible sub-borrowers will also receive EU funded technical assistance and grant support in the form of investment incentives upon the completion of their investment projects. The Facility will be used to support lending to Ukrainian private companies operating in the primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in Ukraine.European Bank for Reconstruction and DevelopmentOSCHADBANK JSC (STATE SAVINGS BANK OF UKRAINE)European Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.52384000000040000000OSCHADBANK JSC (STATE SAVINGS BANK OF UKRAINE)PRIVATEPRIVATEPRIVATEA Resilience and Livelihoods Guarantee ("RLG"), under the Resilience and Livelihoods Framework, in the form of an unfunded portfolio risk-sharing facility covering up to 50 per cent of the credit risk in sub-loans with the total value of EUR 200 million equivalent (the "Covered Portfolio") to be originated by JSC "State Savings Bank of Ukraine" ("Oschadbank", "OB", the "PFI") in Ukraine. The Project will be delivered in three tranches: Tranche A (committed) includes EUR 12.5M of EBRD's guarantee to cover EUR 50M of the Covered Portfolio; Tranches B and C (uncommitted) will include up to EUR 18.75M of EBRD's guarantee to cover EUR 75M of the Covered Portfolio each. The Project will include a sub-limit under the SME Competitiveness Programme in the European Union's (EU) Eastern Partnership ("EaP SMEC" sub-limit, assigned with a separate EBRD project number 54813) of up to €40 million or 20% of the Covered Portfolio to finance long term capital investments of micro-, small-, and medium sized enterprises ("MSMEs") to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of EaP SMEC sub-limit), thereby enhancing businesses' competitiveness. Eligible sub-borrowers will also receive EU funded technical assistance and grant support in the form of investment incentives upon the completion of their investment projects. The Facility will be used to support lending to Ukrainian private companies operating in the primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54812XI-IATI-EBRD-54288European Bank for Reconstruction and DevelopmentA Resilience and Livelihoods Guarantee (RLG) in the form of an unfunded risk-sharing instrument covering up to 50 per cent of the credit risk in newly originated sub-loans with the total value of €240 million equivalent (the "Covered Portfolio") to be originated by PrivatBank in Ukraine subject to total 50 per cent portfolio cap. The facility will be provided in two equal tranches, each including €120 million of the Covered Portfolio; the second tranche is uncommitted. The Project will include a sub-limit under the SME Competitiveness Programme in the European Union's (EU) Eastern Partnership ("EaP SMEC" sub-limit, assigned with a separate EBRD project number 54451) of up to €48 million or 20% of the Covered Portfolio to finance long term capital investments of micro-, small-, and medium sized enterprises (MSME) to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (70% of EaP SMEC sub-limit), thereby enhancing businesses' competitiveness. Eligible sub-borrowers will also receive technical assistance funded by the EU and grant support in the form of investment incentives upon the completion of their investment projects The facility will be used to support lending to Ukrainian private companies (predominnatly micro-, small-, and medium sized enterprises) operating in the primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in Ukraine.European Bank for Reconstruction and DevelopmentPRIVATBANK CB JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGDNIPRO48.4593 35.0386547948148.0948000000PRIVATBANK CB JSCPRIVATEPRIVATEPRIVATEA Resilience and Livelihoods Guarantee (RLG) in the form of an unfunded risk-sharing instrument covering up to 50 per cent of the credit risk in newly originated sub-loans with the total value of €240 million equivalent (the "Covered Portfolio") to be originated by PrivatBank in Ukraine subject to total 50 per cent portfolio cap. The facility will be provided in two equal tranches, each including €120 million of the Covered Portfolio; the second tranche is uncommitted. The Project will include a sub-limit under the SME Competitiveness Programme in the European Union's (EU) Eastern Partnership ("EaP SMEC" sub-limit, assigned with a separate EBRD project number 54451) of up to €48 million or 20% of the Covered Portfolio to finance long term capital investments of micro-, small-, and medium sized enterprises (MSME) to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (70% of EaP SMEC sub-limit), thereby enhancing businesses' competitiveness. Eligible sub-borrowers will also receive technical assistance funded by the EU and grant support in the form of investment incentives upon the completion of their investment projects The facility will be used to support lending to Ukrainian private companies (predominnatly micro-, small-, and medium sized enterprises) operating in the primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54288XI-IATI-EBRD-55954European Bank for Reconstruction and DevelopmentThe Project comprises financing of MHP's seasonal working capital needs for its edible oil crushing segment in Ukraine. The main objective of the Project is to enable sufficient financing to cover the procurement and accumulation of sunflower seeds for crushing into oil for subsequent export.European Bank for Reconstruction and DevelopmentMHP FOOD TRADING LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.5238608683.5670034141.64MHP FOOD TRADING LLCPRIVATEPRIVATEPRIVATEThe Project comprises financing of MHP's seasonal working capital needs for its edible oil crushing segment in Ukraine. The main objective of the Project is to enable sufficient financing to cover the procurement and accumulation of sunflower seeds for crushing into oil for subsequent export. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55954XI-IATI-EBRD-54138European Bank for Reconstruction and DevelopmentThe provision of up to EUR 300 million sovereign-guaranteed loan to the National Energy Company Ukrenergo ("Ukrenergo" or the "Company") aimed at restoring the Ukrainian power transmission grid that was severely damaged by Russian bombings. The loan consists of up to EUR 150 million for procurement of equipment to implement emergency repairs of Ukrainian power transmission system and up to EUR 150 million of capital structure support (the "Project"). The EBRD loan is supported by the donor "funded guarantee" of up to 50% provided by the United States through its contribution to the EBRD Crisis Response Special Fund (the "Crisis Fund"). Furthermore, the loan is also complemented by an investment grant of EUR 70.6 million provided by the Netherlands via the Crisis Fund. In addition to the financing package of EUR 370.6 million mentioned above, the Project will be complemented by an additional capital structure support loan of up to EUR 150 million to the Company together with donor-funded credit enhancement. The Project will strengthen the Company's financial position, enable Ukrenergo to secure uninterrupted energy supply to the population and businesses throughout the country and ensure the stability of the country's energy system, which is strategically important particularly at the time of war. The Project will also strengthen the Ukrainian power system's ability to maintain commercial flows with ENTSO-E. The support package provided to the Company is also important for safeguarding Ukrenergo's human capital, sustaining the livelihoods of its vast workforce and delivering support for those most affected under the ongoing wartime conditions. The Project will also enhance power market reforms, required to improve financial stability of the energy sector.European Bank for Reconstruction and DevelopmentNATIONAL POWER COMPANY UKRENERGO PJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.523826007851.77300000000NATIONAL POWER COMPANY UKRENERGO PJSC148500000NATIONAL POWER COMPANY UKRENERGO PJSC10568700NATIONAL POWER COMPANY UKRENERGO PJSC349020NATIONAL POWER COMPANY UKRENERGO PJSC14456220NATIONAL POWER COMPANY UKRENERGO PJSC4796820NATIONAL POWER COMPANY UKRENERGO PJSC20000000NATIONAL POWER COMPANY UKRENERGO PJSC1758450NATIONAL POWER COMPANY UKRENERGO PJSC3526500NATIONAL POWER COMPANY UKRENERGO PJSC1681860NATIONAL POWER COMPANY UKRENERGO PJSC18730000NATIONAL POWER COMPANY UKRENERGO PJSC4700NATIONAL POWER COMPANY UKRENERGO PJSC14900NATIONAL POWER COMPANY UKRENERGO PJSC719310NATIONAL POWER COMPANY UKRENERGO PJSC705780NATIONAL POWER COMPANY UKRENERGO PJSC16500NATIONAL POWER COMPANY UKRENERGO PJSC11677059.83NATIONAL POWER COMPANY UKRENERGO PJSC16500NATIONAL POWER COMPANY UKRENERGO PJSC30240NATIONAL POWER COMPANY UKRENERGO PJSC630197.68NATIONAL POWER COMPANY UKRENERGO PJSC16870000NATIONAL POWER COMPANY UKRENERGO PJSC28650NATIONAL POWER COMPANY UKRENERGO PJSC240740.72NATIONAL POWER COMPANY UKRENERGO PJSC18670000NATIONAL POWER COMPANY UKRENERGO PJSCSTATESTATESTATESTATEThe provision of up to EUR 300 million sovereign-guaranteed loan to the National Energy Company Ukrenergo ("Ukrenergo" or the "Company") aimed at restoring the Ukrainian power transmission grid that was severely damaged by Russian bombings. The loan consists of up to EUR 150 million for procurement of equipment to implement emergency repairs of Ukrainian power transmission system and up to EUR 150 million of capital structure support (the "Project"). The EBRD loan is supported by the donor "funded guarantee" of up to 50% provided by the United States through its contribution to the EBRD Crisis Response Special Fund (the "Crisis Fund"). Furthermore, the loan is also complemented by an investment grant of EUR 70.6 million provided by the Netherlands via the Crisis Fund. In addition to the financing package of EUR 370.6 million mentioned above, the Project will be complemented by an additional capital structure support loan of up to EUR 150 million to the Company together with donor-funded credit enhancement. The Project will strengthen the Company's financial position, enable Ukrenergo to secure uninterrupted energy supply to the population and businesses throughout the country and ensure the stability of the country's energy system, which is strategically important particularly at the time of war. The Project will also strengthen the Ukrainian power system's ability to maintain commercial flows with ENTSO-E. The support package provided to the Company is also important for safeguarding Ukrenergo's human capital, sustaining the livelihoods of its vast workforce and delivering support for those most affected under the ongoing wartime conditions. The Project will also enhance power market reforms, required to improve financial stability of the energy sector. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54138XI-IATI-EBRD-56865European Bank for Reconstruction and DevelopmentA local currency senior unsecured loan (the "Loan") of up to EUR 40 million equivalent to be provided to Bank Lviv ("BL", the "PFI") in four equal tranches of EUR 10 million each. The Loan will comprise two components: at least 75% under the EBRD's Resilience and Livelihoods Framework, and up to 25% under the EU4Business-EBRD Credit Line with Incentives (assigned with a separate EBRD project number 56866). Under the EBRD's Resilience and Livelihoods Framework, the funding will be used for on-lending to private MSMEs in Ukraine, including those which relocated their businesses to the western part of Ukraine due to the ongoing war. Under the EU4Business-EBRD Credit Line with Incentives, the funding will be used to enable financing of long-term capital investments of MSMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies, thereby enhancing their competitiveness. The Loan will help Bank Lviv to maintain a sustainable funding base and provide continued access to finance for private MSMEs affected by the ongoing war on Ukraine.European Bank for Reconstruction and DevelopmentBANK LVIV JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGLVIV49.83826 24.02324750000015005671.53BANK LVIV JSCPRIVATEPRIVATEPRIVATEA local currency senior unsecured loan (the "Loan") of up to EUR 40 million equivalent to be provided to Bank Lviv ("BL", the "PFI") in four equal tranches of EUR 10 million each. The Loan will comprise two components: at least 75% under the EBRD's Resilience and Livelihoods Framework, and up to 25% under the EU4Business-EBRD Credit Line with Incentives (assigned with a separate EBRD project number 56866). Under the EBRD's Resilience and Livelihoods Framework, the funding will be used for on-lending to private MSMEs in Ukraine, including those which relocated their businesses to the western part of Ukraine due to the ongoing war. Under the EU4Business-EBRD Credit Line with Incentives, the funding will be used to enable financing of long-term capital investments of MSMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies, thereby enhancing their competitiveness. The Loan will help Bank Lviv to maintain a sustainable funding base and provide continued access to finance for private MSMEs affected by the ongoing war on Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56865XI-IATI-EBRD-51316European Bank for Reconstruction and DevelopmentProvision of a senior long-term loan to finance the development, construction and operation of the 121 MW Debsk wind farm in northern Poland (the "project"). The project has been developed by Polenergia Farma Wiatrowa 3 Sp. z o.o. ("Developer"). Construction works are expected to be completed in 2021. The loan is to be made available to Polenergia Farma Wiatrowa 3 Sp. z o. o. (the "borrower"), established to develop, construct and operate the Debsk wind farm. The borrower is owned by Polenergia S.A. (the "sponsor"). The project will contribute to climate mitigation by increasing the share of renewable energy generation in Poland and add 121 MW wind generation capacity to the national energy system.European Bank for Reconstruction and DevelopmentPOLENERGIA FARMA WIATROWA 3 SP ZOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.0117831271056.78POLENERGIA FARMA WIATROWA 3 SP ZOOPRIVATEPRIVATEPRIVATEProvision of a senior long-term loan to finance the development, construction and operation of the 121 MW Debsk wind farm in northern Poland (the "project"). The project has been developed by Polenergia Farma Wiatrowa 3 Sp. z o.o. ("Developer"). Construction works are expected to be completed in 2021. The loan is to be made available to Polenergia Farma Wiatrowa 3 Sp. z o. o. (the "borrower"), established to develop, construct and operate the Debsk wind farm. The borrower is owned by Polenergia S.A. (the "sponsor"). The project will contribute to climate mitigation by increasing the share of renewable energy generation in Poland and add 121 MW wind generation capacity to the national energy system. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51316XI-IATI-EBRD-53436European Bank for Reconstruction and DevelopmentA senior unsecured loan to ASHB of up to USD 10m under the Financial Intermediaries Framework ("FIF") for on-lending to private micro, small and medium enterprises ("MSMEs") in Armenia. The project will improve access to finance for MSMEs, which are the main source of employment in the private sector and a major contributor to the economy in Armenia. The loan will enable ASHB to increase outreach and meet unsatisfied demand for longer term funding from MSMEs. The focus will also be on lending in the regions outside the capital and attracting new MSME clients.European Bank for Reconstruction and DevelopmentINDUSTRIAL CONSTRUCTION BANK CJSC ARDSHINBANKEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYEREVAN40.18111 44.513619104736.03INDUSTRIAL CONSTRUCTION BANK CJSC ARDSHINBANKPRIVATEPRIVATEPRIVATEA senior unsecured loan to ASHB of up to USD 10m under the Financial Intermediaries Framework ("FIF") for on-lending to private micro, small and medium enterprises ("MSMEs") in Armenia. The project will improve access to finance for MSMEs, which are the main source of employment in the private sector and a major contributor to the economy in Armenia. The loan will enable ASHB to increase outreach and meet unsatisfied demand for longer term funding from MSMEs. The focus will also be on lending in the regions outside the capital and attracting new MSME clients. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53436XI-IATI-EBRD-55329European Bank for Reconstruction and DevelopmentThe provision of a sovereign loan of up to € 38.0 million to the Republic of Tajikistan to co-finance the upgrade of a 49 km Dangara-Guliston road section jointly with the Asian Development Bank (ADB). Among other investment components, the upgrade will also include the construction of electric vehicles charging infrastructure (EVCI) along the road. ADB will co-finance and administer implementation of the Project. The project will improve Tajikistan's transit potential via Central Asia Regional Economic Cooperation (CAREC) and Trans Caspian Transport corridors stimulating better connectivity, as well as support economic development and export potential of the southern regions of the country. The project also entails electric mobility enhancement via the technical cooperation (TC) support for the development of the National Electric Mobility Action Plan (NEMAP).European Bank for Reconstruction and DevelopmentTAJIKISTAN SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGDUSHANBE38.53575 68.7790527002382.5738000000TAJIKISTAN SOVEREIGN380000TAJIKISTAN SOVEREIGN4442188.7TAJIKISTAN SOVEREIGN881641.51TAJIKISTAN SOVEREIGN1063623.95TAJIKISTAN SOVEREIGN2809003.28TAJIKISTAN SOVEREIGN1421159.99TAJIKISTAN SOVEREIGNSTATESTATESTATESTATEThe provision of a sovereign loan of up to € 38.0 million to the Republic of Tajikistan to co-finance the upgrade of a 49 km Dangara-Guliston road section jointly with the Asian Development Bank (ADB). Among other investment components, the upgrade will also include the construction of electric vehicles charging infrastructure (EVCI) along the road. ADB will co-finance and administer implementation of the Project. The project will improve Tajikistan's transit potential via Central Asia Regional Economic Cooperation (CAREC) and Trans Caspian Transport corridors stimulating better connectivity, as well as support economic development and export potential of the southern regions of the country. The project also entails electric mobility enhancement via the technical cooperation (TC) support for the development of the National Electric Mobility Action Plan (NEMAP). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55329XI-IATI-EBRD-50691European Bank for Reconstruction and DevelopmentThe provision of a US$ 96.1 million loan for the construction of a high voltage transmission line in the Navoi Region of Uzbekistan (the "Project"). The Project is part of a broader grid-strengthening programme in the Navoi Region which aims at increasing the efficiency and reliability of the transmission system in the area. The implementation of the Project will help remove the existing bottlenecks in supplying electricity to the local industrial, mining and residential settlements while reducing transmission losses.European Bank for Reconstruction and DevelopmentUZBEKISTAN SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.216277657497.6784128512.67UZBEKISTAN SOVEREIGN702843.9UZBEKISTAN SOVEREIGN89114.07UZBEKISTAN SOVEREIGN57042.54UZBEKISTAN SOVEREIGN138441.22UZBEKISTAN SOVEREIGN39932.13UZBEKISTAN SOVEREIGN7507771.75UZBEKISTAN SOVEREIGN26234.61UZBEKISTAN SOVEREIGN82818.65UZBEKISTAN SOVEREIGN1176172.35UZBEKISTAN SOVEREIGN53443.35UZBEKISTAN SOVEREIGN653373.44UZBEKISTAN SOVEREIGN100510.71UZBEKISTAN SOVEREIGN230386.79UZBEKISTAN SOVEREIGN4445860.59UZBEKISTAN SOVEREIGN142103.92UZBEKISTAN SOVEREIGN4820390.92UZBEKISTAN SOVEREIGN2167630.08UZBEKISTAN SOVEREIGN823398.99UZBEKISTAN SOVEREIGN886332.73UZBEKISTAN SOVEREIGN989649.09UZBEKISTAN SOVEREIGN1199921.82UZBEKISTAN SOVEREIGN1779678.74UZBEKISTAN SOVEREIGN809945.44UZBEKISTAN SOVEREIGN93266.54UZBEKISTAN SOVEREIGN1306280.56UZBEKISTAN SOVEREIGN128656.45UZBEKISTAN SOVEREIGN4045372.94UZBEKISTAN SOVEREIGN109110.12UZBEKISTAN SOVEREIGN221056.43UZBEKISTAN SOVEREIGN344107.59UZBEKISTAN SOVEREIGNSTATESTATESTATESTATEThe provision of a US$ 96.1 million loan for the construction of a high voltage transmission line in the Navoi Region of Uzbekistan (the "Project"). The Project is part of a broader grid-strengthening programme in the Navoi Region which aims at increasing the efficiency and reliability of the transmission system in the area. The implementation of the Project will help remove the existing bottlenecks in supplying electricity to the local industrial, mining and residential settlements while reducing transmission losses. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50691XI-IATI-EBRD-55671European Bank for Reconstruction and DevelopmentThe provision of a senior loan, equivalent to US$ 40 million, to the Mortgage Refinancing Company of Uzbekistan ("UzMRC") will be used to refinance the retail mortgage portfolios of eligible private and state banks. A portion of the proceeds will also be allocated to support green renovation initiatives. The loan will be structured in a single tranche and disbursed in synthetic Uzbek som. The loan will support UzMRC's transition from reliance on government funding to more sustainable, market-based financing solutions, while also enhancing access to housing finance.European Bank for Reconstruction and DevelopmentMORTGAGE REFINANCING COMPANY OF UZBEKISTANEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.2162735372956.35MORTGAGE REFINANCING COMPANY OF UZBEKISTANPRIVATEPRIVATEPRIVATEThe provision of a senior loan, equivalent to US$ 40 million, to the Mortgage Refinancing Company of Uzbekistan ("UzMRC") will be used to refinance the retail mortgage portfolios of eligible private and state banks. A portion of the proceeds will also be allocated to support green renovation initiatives. The loan will be structured in a single tranche and disbursed in synthetic Uzbek som. The loan will support UzMRC's transition from reliance on government funding to more sustainable, market-based financing solutions, while also enhancing access to housing finance. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55671XI-IATI-EBRD-48107European Bank for Reconstruction and DevelopmentThe provision of debt financing to Hamle Company Ltd (the "Company") based in Kazakhstan in the amount of up to EUR 50m for financing the Company's 2016/17 investment programme and refinancing needs (the "Project"). Financing of procurement of new machinery, financing of permanent working capital needs, and refinancing of the existing hard currency loans. The Bank will support a company which has been in a transformation phase since 2013 and now requires investment into new machinery and related capital expenditures to further enhance its efficiency and productivity.European Bank for Reconstruction and DevelopmentPLADIS KAZAKHSTAN LLPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKASKELEN43.19839 76.6309940720851.35PLADIS KAZAKHSTAN LLPPRIVATEPRIVATEPRIVATEThe provision of debt financing to Hamle Company Ltd (the "Company") based in Kazakhstan in the amount of up to EUR 50m for financing the Company's 2016/17 investment programme and refinancing needs (the "Project"). Financing of procurement of new machinery, financing of permanent working capital needs, and refinancing of the existing hard currency loans. The Bank will support a company which has been in a transformation phase since 2013 and now requires investment into new machinery and related capital expenditures to further enhance its efficiency and productivity. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48107XI-IATI-EBRD-57140European Bank for Reconstruction and DevelopmentThe provision of a senior unsecured loan of up to US$ 80 million to Khan Bank JSC ("KB" or the "Company") under the Green Climate Fund Greening Financial Systems Framework ("GCF GFS loan"). Out of this amount up to US$ 72 million in US dollars or MNT equivalent will be provided by the EBRD and up to US$ 8 million in US dollars will be provided by the Green Climate Fund ("GCF"). The GCF GFS loan will be granted in two equal tranches, of which the second one will be uncommitted. The GCF GFS loan will enable Khan Bank to diversify its funding base and provide medium-term financing to private clients in Mongolia for investments in climate change mitigation and adaptation technologies and services, in a gender-responsive way, thereby contributing to the Green Economy Transition ("GET").European Bank for Reconstruction and DevelopmentKHAN BANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGULAANBAATAR47.90771 106.8832431515363.7431515363.74KHAN BANK JSCPRIVATEPRIVATEPRIVATEThe provision of a senior unsecured loan of up to US$ 80 million to Khan Bank JSC ("KB" or the "Company") under the Green Climate Fund Greening Financial Systems Framework ("GCF GFS loan"). Out of this amount up to US$ 72 million in US dollars or MNT equivalent will be provided by the EBRD and up to US$ 8 million in US dollars will be provided by the Green Climate Fund ("GCF"). The GCF GFS loan will be granted in two equal tranches, of which the second one will be uncommitted. The GCF GFS loan will enable Khan Bank to diversify its funding base and provide medium-term financing to private clients in Mongolia for investments in climate change mitigation and adaptation technologies and services, in a gender-responsive way, thereby contributing to the Green Economy Transition ("GET"). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57140XI-IATI-EBRD-53710European Bank for Reconstruction and DevelopmentA participation of up to KZT 6 billion in a 15-year senior unsecured KZT-denominated bond of KZT 35bn to be issued by Kazakhstan Electricity Grid Operating Company JSC (KEGOC). The company is responsible for the transmission and dispatch of the electrical power, and ensures the stability and reliability of the high voltage Unified Power System of Kazakhstan. Proceeds from the Bank's investment will be used to rehabilitate overhead transmission lines in KEGOC's Aktobe, Western and Sarbay networks, contributing to a stable and reliable grid, enabling scaling up of renewable energy generation capacity and reducing transmission losses.European Bank for Reconstruction and DevelopmentKAZAKHSTAN ELECTRICITY GRID OPERATING COMPANY JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGASTANA51.1801 71.4459810859128.87KAZAKHSTAN ELECTRICITY GRID OPERATING COMPANY JSC10859128.87KAZAKHSTAN ELECTRICITY GRID OPERATING COMPANY JSCSTATESTATESTATESTATEA participation of up to KZT 6 billion in a 15-year senior unsecured KZT-denominated bond of KZT 35bn to be issued by Kazakhstan Electricity Grid Operating Company JSC (KEGOC). The company is responsible for the transmission and dispatch of the electrical power, and ensures the stability and reliability of the high voltage Unified Power System of Kazakhstan. Proceeds from the Bank's investment will be used to rehabilitate overhead transmission lines in KEGOC's Aktobe, Western and Sarbay networks, contributing to a stable and reliable grid, enabling scaling up of renewable energy generation capacity and reducing transmission losses. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53710XI-IATI-EBRD-50427European Bank for Reconstruction and DevelopmentA total of EUR 108 million senior secured corporate loan to Elektroprivreda Crne Gore AD Niksic ("EPCG"), the Montenegrin national power utility, and its subsidiaries Green Gvozd LLC and Green Gvozd Second Phase LLC, special purpose vehicles established for the purpose of the development, construction and commissioning of wind power plant located near village Gvozd, municipality of Niksic, Montenegro for a total combined installed capacity of 75 MW (the "Project"). The Project will be structured in two phases, respectively 55 MW (financed with EUR 82 million, of which EUR 57 million A-Loan provided by EBRD and an EUR 25 million B-Loan syndicated to NLB) and 20 MW (financed with EUR 26 million to be provided solely by EBRD). The Project will result in the addition of 75 MW renewable energy generation capacity to the country, rolled out in two phases of 55 MW and 20 MW, which is expected to produce at least 141 GWh of renewable energy per year for the initial stage, and over 186 GWh when the second phase is complete and the plant fully operational. The construction of new renewable energy generation capacity in Montenegro is fundamental to the country's plans regarding the diversification of electricity generation to substitute its legacy thermal coal assets, which currently provide almost half of Montenegro's domestic electricity generation.European Bank for Reconstruction and DevelopmentELEKTROPRIVREDA CRNE GORE AD NIKSICEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGNIKSIC18.94446 42.77311781250074812500ELEKTROPRIVREDA CRNE GORE AD NIKSIC31012119.71ELEKTROPRIVREDA CRNE GORE AD NIKSIC19760447.91ELEKTROPRIVREDA CRNE GORE AD NIKSIC6227432.38ELEKTROPRIVREDA CRNE GORE AD NIKSICSTATESTATESTATESTATEA total of EUR 108 million senior secured corporate loan to Elektroprivreda Crne Gore AD Niksic ("EPCG"), the Montenegrin national power utility, and its subsidiaries Green Gvozd LLC and Green Gvozd Second Phase LLC, special purpose vehicles established for the purpose of the development, construction and commissioning of wind power plant located near village Gvozd, municipality of Niksic, Montenegro for a total combined installed capacity of 75 MW (the "Project"). The Project will be structured in two phases, respectively 55 MW (financed with EUR 82 million, of which EUR 57 million A-Loan provided by EBRD and an EUR 25 million B-Loan syndicated to NLB) and 20 MW (financed with EUR 26 million to be provided solely by EBRD). The Project will result in the addition of 75 MW renewable energy generation capacity to the country, rolled out in two phases of 55 MW and 20 MW, which is expected to produce at least 141 GWh of renewable energy per year for the initial stage, and over 186 GWh when the second phase is complete and the plant fully operational. The construction of new renewable energy generation capacity in Montenegro is fundamental to the country's plans regarding the diversification of electricity generation to substitute its legacy thermal coal assets, which currently provide almost half of Montenegro's domestic electricity generation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50427XI-IATI-EBRD-55627European Bank for Reconstruction and DevelopmentThe provision of a sovereign loan of up to US$ 55 million to the Republic of Uzbekistan for the acquisition of electric buses ("e-buses") with charging units and construction of e-bus depot infrastructure for the city of Nukus (the "Project"). The Project will serve as a 'trigger' investment under the EBRD Green Cities, formally initiating the participation of the city of Nukus in the programme. Through the Project, the city will commit to develop a Green City Action Plan ("GCAP"). The project will support initial deployment of e-buses and expansion of public electric mobility (e-mobility) in Nukus to improve public transportation services. The shift to e-mobility will significantly reduce greenhouse gas emissions, tail pipe air pollutant emissions and noise pollution. It also encourages a modal shift from private to public transportation with more safe and reliable public bus services.European Bank for Reconstruction and DevelopmentUZBEKISTAN SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.2162732390790.5132390790.51UZBEKISTAN SOVEREIGNSTATESTATESTATESTATEThe provision of a sovereign loan of up to US$ 55 million to the Republic of Uzbekistan for the acquisition of electric buses ("e-buses") with charging units and construction of e-bus depot infrastructure for the city of Nukus (the "Project"). The Project will serve as a 'trigger' investment under the EBRD Green Cities, formally initiating the participation of the city of Nukus in the programme. Through the Project, the city will commit to develop a Green City Action Plan ("GCAP"). The project will support initial deployment of e-buses and expansion of public electric mobility (e-mobility) in Nukus to improve public transportation services. The shift to e-mobility will significantly reduce greenhouse gas emissions, tail pipe air pollutant emissions and noise pollution. It also encourages a modal shift from private to public transportation with more safe and reliable public bus services. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55627XI-IATI-EBRD-55193European Bank for Reconstruction and DevelopmentProvision of a senior loan of up to US$ 2 million (in TJS equivalent) to Humo under the Youth in Business Programme for Central Asia (CA YiB). The proceeds of the Bank's investment will be used for on-lending to eligible youth-led MSMEs in line with standard eligibility criteria set forth in the CA YiB policy statement. The CA YiB Loan I will enable Humo to maintain diversification of its funding base and to scale up financing to youth-led MSMEs in Tajikistan. Humo will benefit from a comprehensive technical assistance (TC) to develop the internal capacity for financing youth-led businesses and to contribute to the improvement in access to finance for youth entrepreneurs in Tajikistan.European Bank for Reconstruction and DevelopmentHUMO BANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGDUSHANBE38.53575 68.779051896940.63HUMO BANK CJSCPRIVATEPRIVATEPRIVATEProvision of a senior loan of up to US$ 2 million (in TJS equivalent) to Humo under the Youth in Business Programme for Central Asia (CA YiB). The proceeds of the Bank's investment will be used for on-lending to eligible youth-led MSMEs in line with standard eligibility criteria set forth in the CA YiB policy statement. The CA YiB Loan I will enable Humo to maintain diversification of its funding base and to scale up financing to youth-led MSMEs in Tajikistan. Humo will benefit from a comprehensive technical assistance (TC) to develop the internal capacity for financing youth-led businesses and to contribute to the improvement in access to finance for youth entrepreneurs in Tajikistan. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55193XI-IATI-EBRD-52266European Bank for Reconstruction and DevelopmentThe proceeds of the sovereign loan to the Kyrgyz Republic will be on-lent to the city of Aidarken for the benefit of the municipal water company. A sovereign loan of up to € 2.0 million under the KR Water and Wastewater Framework - Extension will support the modernisation of the Aidarken water supply infrastructure. The loan will be co-financed by a € 2.0 million investment grant from the EBRD Shareholder Special Fund. The Project will finance critical drinking water supply improvements in Aidarken, including the rehabilitation and extension of water network, supply and installation of water meters and testing equipment, reconstruction and new construction of reservoir, intake facilities and water disinfection unit, replacement of pumping equipment, construction of new wastewater treatment facilities and reconstruction and new construction of sewer collectors.European Bank for Reconstruction and DevelopmentKYRGYZ REPUBLIC SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBISHKEK42.87 74.5919800002000000KYRGYZ REPUBLIC SOVEREIGN20000KYRGYZ REPUBLIC SOVEREIGNSTATESTATESTATESTATEThe proceeds of the sovereign loan to the Kyrgyz Republic will be on-lent to the city of Aidarken for the benefit of the municipal water company. A sovereign loan of up to € 2.0 million under the KR Water and Wastewater Framework - Extension will support the modernisation of the Aidarken water supply infrastructure. The loan will be co-financed by a € 2.0 million investment grant from the EBRD Shareholder Special Fund. The Project will finance critical drinking water supply improvements in Aidarken, including the rehabilitation and extension of water network, supply and installation of water meters and testing equipment, reconstruction and new construction of reservoir, intake facilities and water disinfection unit, replacement of pumping equipment, construction of new wastewater treatment facilities and reconstruction and new construction of sewer collectors. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52266XI-IATI-EBRD-54557European Bank for Reconstruction and DevelopmentThe provision of a loan (Loan I) of up to US$ 10 million (equivalent) to Joint Stock Commercial Bank with Foreign Capital Hamkorbank (Hamkorbank) under Uzbekistan Green Economy Financing Facility II (GEFF II Uzbekistan). The proceeds of the loan will be on-lent to eligible sub-borrowers implementing qualifying sub-projects in line with the technical and financial eligibility criteria in accordance with the standard requirements set in the policy statement for the GEFF II Uzbekistan. The GEFF II Loan I will contribute towards building a green economy in Uzbekistan by facilitating the expansion of energy efficiency investments in a gender responsive way. The project builds on the successful implementation of previous green financing operations and will scale up Hamkorbank's green activities. Hamkorbank will benefit from a comprehensive technical assistance (TC) to strengthen the internal capacity for financing green projects.European Bank for Reconstruction and DevelopmentHAMKORBANK JSCBEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANDIJAN40.78338 72.350678188444.41HAMKORBANK JSCBPRIVATEPRIVATEPRIVATEThe provision of a loan (Loan I) of up to US$ 10 million (equivalent) to Joint Stock Commercial Bank with Foreign Capital Hamkorbank (Hamkorbank) under Uzbekistan Green Economy Financing Facility II (GEFF II Uzbekistan). The proceeds of the loan will be on-lent to eligible sub-borrowers implementing qualifying sub-projects in line with the technical and financial eligibility criteria in accordance with the standard requirements set in the policy statement for the GEFF II Uzbekistan. The GEFF II Loan I will contribute towards building a green economy in Uzbekistan by facilitating the expansion of energy efficiency investments in a gender responsive way. The project builds on the successful implementation of previous green financing operations and will scale up Hamkorbank's green activities. Hamkorbank will benefit from a comprehensive technical assistance (TC) to strengthen the internal capacity for financing green projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54557XI-IATI-EBRD-50526European Bank for Reconstruction and DevelopmentThe provision of a sovereign loan of up to US$ 90 million (€80.3 million) to the Republic of Uzbekistan for the benefit of the Limited Liability Company Xorazm Suv Ta'minoti, formerly known as State Unitary Enterprise Horezm Suvokova (the "Company") to finance the rehabilitation of Horezm Oblast's wastewater infrastructure (the "Project") under the Integrated Cultural Heritage Framework (the "Framework"). The project is expected to increase the number of people connected to the wastewater network by 121,000, and the volume of wastewater treated to EU standards by 4.8 million m3 per year.European Bank for Reconstruction and DevelopmentUZBEKISTAN SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.2162761281247.1578788409.35UZBEKISTAN SOVEREIGN787884.09UZBEKISTAN SOVEREIGN621281.62UZBEKISTAN SOVEREIGN14839.36UZBEKISTAN SOVEREIGN7069.95UZBEKISTAN SOVEREIGN28279.79UZBEKISTAN SOVEREIGN14783.3UZBEKISTAN SOVEREIGN185678.59UZBEKISTAN SOVEREIGN347949.58UZBEKISTAN SOVEREIGN39029.89UZBEKISTAN SOVEREIGN183882.61UZBEKISTAN SOVEREIGN183696.03UZBEKISTAN SOVEREIGN315153.64UZBEKISTAN SOVEREIGN7952.38UZBEKISTAN SOVEREIGN3117342.26UZBEKISTAN SOVEREIGN1193849.44UZBEKISTAN SOVEREIGN3347069.37UZBEKISTAN SOVEREIGN1764032.3UZBEKISTAN SOVEREIGN463665.36UZBEKISTAN SOVEREIGN289122.45UZBEKISTAN SOVEREIGN176655.44UZBEKISTAN SOVEREIGN305609.3UZBEKISTAN SOVEREIGN451019.42UZBEKISTAN SOVEREIGN1139821.41UZBEKISTAN SOVEREIGN31809.51UZBEKISTAN SOVEREIGN554031.71UZBEKISTAN SOVEREIGN175721.86UZBEKISTAN SOVEREIGN1759931.54UZBEKISTAN SOVEREIGNSTATESTATESTATESTATEThe provision of a sovereign loan of up to US$ 90 million (€80.3 million) to the Republic of Uzbekistan for the benefit of the Limited Liability Company Xorazm Suv Ta'minoti, formerly known as State Unitary Enterprise Horezm Suvokova (the "Company") to finance the rehabilitation of Horezm Oblast's wastewater infrastructure (the "Project") under the Integrated Cultural Heritage Framework (the "Framework"). The project is expected to increase the number of people connected to the wastewater network by 121,000, and the volume of wastewater treated to EU standards by 4.8 million m3 per year. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50526XI-IATI-EBRD-56832European Bank for Reconstruction and DevelopmentThe provision of a senior loan of up to € 25 million to be provided in local currency to Tavan Bogd Holdings LLC, a limited liability company incorporated in Mongolia, to finance the construction of Phase 1 of the Gerlug Green Complex development, comprising four residential buildings and one commercial building. The loan will finance the construction of five buildings with a total gross floor area of approximately 76,300 sqm, located in Ulaanbaatar, north of the Central Stadium in the Khan-Uul district. The project includes 252 residential apartments and a commercial complex comprising approximately 25-30 retail units. As one of the very limited number of green-certified developments in Mongolia, the project will be EDGE-certified by the Borrower, thereby exceeding local requirements for energy and water efficiency. The project is therefore aligned with the EBRD's country strategy for Mongolia, which prioritises the promotion of a greener and more climate-resilient economy through support for energy-efficient buildings.European Bank for Reconstruction and DevelopmentTAVAN BOGD HOLDINGS LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGULAANBAATAR47.90771 106.883242500000025000000TAVAN BOGD HOLDINGS LLCPRIVATEPRIVATEPRIVATEThe provision of a senior loan of up to € 25 million to be provided in local currency to Tavan Bogd Holdings LLC, a limited liability company incorporated in Mongolia, to finance the construction of Phase 1 of the Gerlug Green Complex development, comprising four residential buildings and one commercial building. The loan will finance the construction of five buildings with a total gross floor area of approximately 76,300 sqm, located in Ulaanbaatar, north of the Central Stadium in the Khan-Uul district. The project includes 252 residential apartments and a commercial complex comprising approximately 25-30 retail units. As one of the very limited number of green-certified developments in Mongolia, the project will be EDGE-certified by the Borrower, thereby exceeding local requirements for energy and water efficiency. The project is therefore aligned with the EBRD's country strategy for Mongolia, which prioritises the promotion of a greener and more climate-resilient economy through support for energy-efficient buildings. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56832XI-IATI-EBRD-54980European Bank for Reconstruction and DevelopmentThe provision of a €6 million senior secured loan to Mirzo Bobur LLC, to be disbursed in two tranches, for the expansion of its food production facility and coffee shop chain. The project will finance the construction of a new food production facility that will enable the company to double its current production capacity, along with the purchase of state of the art bakery, pastry, and other food processing equipment. These investments are expected to enhance the borrower's competitive position in the coffee shop market and support a sustained improvement in profitability.European Bank for Reconstruction and DevelopmentMIRZO BOBUR LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.2162722500003000000MIRZO BOBUR LLCPRIVATEPRIVATEPRIVATEThe provision of a €6 million senior secured loan to Mirzo Bobur LLC, to be disbursed in two tranches, for the expansion of its food production facility and coffee shop chain. The project will finance the construction of a new food production facility that will enable the company to double its current production capacity, along with the purchase of state of the art bakery, pastry, and other food processing equipment. These investments are expected to enhance the borrower's competitive position in the coffee shop market and support a sustained improvement in profitability. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54980XI-IATI-EBRD-53947European Bank for Reconstruction and DevelopmentMeros Pharm Project - USD 23 million senior secured loan to Meros Pharm LLC. The project supports the company's growing working capital needs associated with its organic growth and expansion to the regions to provide a wider portfolio of branded high quality and affordable medication.European Bank for Reconstruction and DevelopmentMEROS PHARM LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSAMARKAND39.65417 66.9597220134815.72MEROS PHARM LLCPRIVATEPRIVATEPRIVATEUSD 23 million senior secured loan to Meros Pharm LLC. The project supports the company's growing working capital needs associated with its organic growth and expansion to the regions to provide a wider portfolio of branded high quality and affordable medication. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53947XI-IATI-EBRD-54963European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to EUR 2.0m to be provided in a single tranche to PCBM under the Western Balkans Women in Business Programme Phase II ("WB WiBP II"). The proceeds will be used to finance eligible women-led MSMEs in accordance with the WB WiBP II Policy Statement.European Bank for Reconstruction and DevelopmentPROCREDIT BANK ADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.431412000000PROCREDIT BANK ADPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to EUR 2.0m to be provided in a single tranche to PCBM under the Western Balkans Women in Business Programme Phase II ("WB WiBP II"). The proceeds will be used to finance eligible women-led MSMEs in accordance with the WB WiBP II Policy Statement. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54963XI-IATI-EBRD-55274European Bank for Reconstruction and DevelopmentThe provision of a senior loan of up to US$ 5 million equivalent in the synthetic Kyrgyz Som (KGS) to Kyrgyz Investment and Credit Bank (KICB) under Financial Intermediaries Framework (FIF) for financing local private MSMEs. The project contributes to the objectives of the Financial Intermediary Framework (FIF). FIF seeks to (i) foster SME competitiveness by increasing availability of financing and (ii) contribute to the competitiveness of financial institutions by enabling innovation in strategy, products, processes and marketing related to MSME lending. By ensuring that banks have robust underwriting and risk management practices in place, the FIF also seeks to encourage sustainable lending practices, supporting the resilience of the financial system.European Bank for Reconstruction and DevelopmentKYRGYZ INVESTMENT AND CREDIT BANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBISHKEK42.87 74.591750853.541750853.54KYRGYZ INVESTMENT AND CREDIT BANK CJSCPRIVATEPRIVATEPRIVATEThe provision of a senior loan of up to US$ 5 million equivalent in the synthetic Kyrgyz Som (KGS) to Kyrgyz Investment and Credit Bank (KICB) under Financial Intermediaries Framework (FIF) for financing local private MSMEs. The project contributes to the objectives of the Financial Intermediary Framework (FIF). FIF seeks to (i) foster SME competitiveness by increasing availability of financing and (ii) contribute to the competitiveness of financial institutions by enabling innovation in strategy, products, processes and marketing related to MSME lending. By ensuring that banks have robust underwriting and risk management practices in place, the FIF also seeks to encourage sustainable lending practices, supporting the resilience of the financial system. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55274XI-IATI-EBRD-57593European Bank for Reconstruction and DevelopmentThe provision of a US$ 15 million senior secured loan to Meros Pharm LLC, split into two tranches of US$ 10m and US$ 5m. The project supports (i) the construction of regional modern, green certified warehouse facilities, incorporating energy-efficient solutions to achieve the first green warehouse in Uzbekistan's pharmaceutical sector; and (ii) working capital financing.European Bank for Reconstruction and DevelopmentMEROS PHARM LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSAMARKAND39.65417 66.959724377133.854377133.85MEROS PHARM LLCPRIVATEPRIVATEPRIVATEThe provision of a US$ 15 million senior secured loan to Meros Pharm LLC, split into two tranches of US$ 10m and US$ 5m. The project supports (i) the construction of regional modern, green certified warehouse facilities, incorporating energy-efficient solutions to achieve the first green warehouse in Uzbekistan's pharmaceutical sector; and (ii) working capital financing. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57593XI-IATI-EBRD-57269European Bank for Reconstruction and DevelopmentThe proposed operation is up to US$ 50 million synthetic local currency senior unsecured loan to Mortgage Refinancing Company of Uzbekistan (UzMRC), structured in two tranches (US$ 30 million committed and US$ 20 million uncommitted). The facility will provide UzMRC with medium-term local currency funding, enabling it to continue refinancing eligible residential mortgage loans originated by partner financial institutions (PFIs). As Uzbekistan's only specialised mortgage refinancing institution, UzMRC acts as a secondary market aggregator, supporting the expansion of commercially priced mortgage lending and standardised underwriting practices across the sector. The transaction represents EBRD's second engagement with UzMRC, building on the successful deployment of the initial facility in 2025. The mortgage line will support UzMRC's ongoing transition from reliance on government funding toward more sustainable, market-based sources of financing, while continuing to expand access to housing finance. The project will also further promote the implementation and adherence to sound mortgage lending standards through continued alignment with the EBRD's Mortgage Lending Standards.European Bank for Reconstruction and DevelopmentMORTGAGE REFINANCING COMPANY OF UZBEKISTANEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.2162726262803.1226262803.12MORTGAGE REFINANCING COMPANY OF UZBEKISTANPRIVATEPRIVATEPRIVATEThe proposed operation is up to US$ 50 million synthetic local currency senior unsecured loan to Mortgage Refinancing Company of Uzbekistan (UzMRC), structured in two tranches (US$ 30 million committed and US$ 20 million uncommitted). The facility will provide UzMRC with medium-term local currency funding, enabling it to continue refinancing eligible residential mortgage loans originated by partner financial institutions (PFIs). As Uzbekistan's only specialised mortgage refinancing institution, UzMRC acts as a secondary market aggregator, supporting the expansion of commercially priced mortgage lending and standardised underwriting practices across the sector. The transaction represents EBRD's second engagement with UzMRC, building on the successful deployment of the initial facility in 2025. The mortgage line will support UzMRC's ongoing transition from reliance on government funding toward more sustainable, market-based sources of financing, while continuing to expand access to housing finance. The project will also further promote the implementation and adherence to sound mortgage lending standards through continued alignment with the EBRD's Mortgage Lending Standards. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57269XI-IATI-EBRD-56221European Bank for Reconstruction and DevelopmentThe provision of a senior unsecured loan of up to USD 7.0m (€6.1m) in KZT equivalent (as determined at the time of disbursement) to Arnur Credit ("AC") - a private microfinance organisation based in Kazakhstan. The loan will be provided in one tranche under the Youth in Business Programme for Central Asia ("YiBP CA", or the "Programme"), which is rolled into a blended finance programme under the Financial Intermediaries Framework ("FIF"). The aim of the loan is to (i) continue supporting youth MSMEs in Kazakhstan, helping them overcome the consequences of the challenging market environment and increase their resilience and adaptability; (ii) diversify AC's funding base; and (iii) strengthen AC's digital sales channels. AC will continue providing loans aimed at investments in climate change mitigation and adaptation technologies and services supporting Green Economy Transition.European Bank for Reconstruction and DevelopmentARNUR CREDIT MICROFINANCE ORGANIZATION LLPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSHYMKENT42.3 69.66533394.88ARNUR CREDIT MICROFINANCE ORGANIZATION LLPPRIVATEPRIVATEPRIVATEThe provision of a senior unsecured loan of up to USD 7.0m (€6.1m) in KZT equivalent (as determined at the time of disbursement) to Arnur Credit ("AC") - a private microfinance organisation based in Kazakhstan. The loan will be provided in one tranche under the Youth in Business Programme for Central Asia ("YiBP CA", or the "Programme"), which is rolled into a blended finance programme under the Financial Intermediaries Framework ("FIF"). The aim of the loan is to (i) continue supporting youth MSMEs in Kazakhstan, helping them overcome the consequences of the challenging market environment and increase their resilience and adaptability; (ii) diversify AC's funding base; and (iii) strengthen AC's digital sales channels. AC will continue providing loans aimed at investments in climate change mitigation and adaptation technologies and services supporting Green Economy Transition. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56221XI-IATI-EBRD-55273European Bank for Reconstruction and DevelopmentThe provision of a senior loan of up to US$ 3 million equivalent in the synthetic Kyrgyz Som (KGS) to Kyrgyz Investment and Credit Bank (KICB) under the Kyrgyz Republic GEFF (KyrSEFF III). The proceeds will be on-lent to sub-borrowers for energy efficiency, renewable energy, circular economy, and climate resilience investments. The project will further strengthen SME competitiveness, improve climate resilience and support the financial sector development in particular through local currency lending. The project will contribute towards building a more competitive financial sector through developing the internal capacity of KICB for financing energy and water efficiency projects. This will be achieved through a technical assistance aimed at providing implementation support to KICB and its customers, verification of the outcomes, and investment incentives to end borrowers. Sub-projects will be selected according to technical and financial eligibility criteria set forth in the policy statement for KyrSEFF III. 100% of the proceeds will be used for Green Economy Transition investments.European Bank for Reconstruction and DevelopmentKYRGYZ INVESTMENT AND CREDIT BANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBISHKEK42.87 74.591750853.542626280.31KYRGYZ INVESTMENT AND CREDIT BANK CJSCPRIVATEPRIVATEPRIVATEThe provision of a senior loan of up to US$ 3 million equivalent in the synthetic Kyrgyz Som (KGS) to Kyrgyz Investment and Credit Bank (KICB) under the Kyrgyz Republic GEFF (KyrSEFF III). The proceeds will be on-lent to sub-borrowers for energy efficiency, renewable energy, circular economy, and climate resilience investments. The project will further strengthen SME competitiveness, improve climate resilience and support the financial sector development in particular through local currency lending. The project will contribute towards building a more competitive financial sector through developing the internal capacity of KICB for financing energy and water efficiency projects. This will be achieved through a technical assistance aimed at providing implementation support to KICB and its customers, verification of the outcomes, and investment incentives to end borrowers. Sub-projects will be selected according to technical and financial eligibility criteria set forth in the policy statement for KyrSEFF III. 100% of the proceeds will be used for Green Economy Transition investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55273XI-IATI-EBRD-53416European Bank for Reconstruction and DevelopmentThe provision of a senior loan of up to US$ 0.5 million (in MNT equivalent) to VisionFund NBFI LLC in Mongolia under the EBRD's Local Currency Programme. The loan will be provided in two equal tranches as part of the Central Asian Women in Business Programme (CA WiB) for on-lending to women-led micro, small and medium-sized enterprises. The project objective is to promote and support women entrepreneurship in Mongolia and, more broadly, women's participation in business by assisting women-led micro, small and medium-sized enterprises (MSMEs) to access finance, know-how and advice, including in the country's regions. The financing gap is a major obstacle in enabling the transition of women-led MSMEs.European Bank for Reconstruction and DevelopmentVISION FUND NBFI LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGULAANBAATAR47.90771 106.88324415638.82VISION FUND NBFI LLCPRIVATEPRIVATEPRIVATEThe provision of a senior loan of up to US$ 0.5 million (in MNT equivalent) to VisionFund NBFI LLC in Mongolia under the EBRD's Local Currency Programme. The loan will be provided in two equal tranches as part of the Central Asian Women in Business Programme (CA WiB) for on-lending to women-led micro, small and medium-sized enterprises. The project objective is to promote and support women entrepreneurship in Mongolia and, more broadly, women's participation in business by assisting women-led micro, small and medium-sized enterprises (MSMEs) to access finance, know-how and advice, including in the country's regions. The financing gap is a major obstacle in enabling the transition of women-led MSMEs. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53416XI-IATI-EBRD-55650European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan to Banque Marocaine pour le Commerce et l'Industrie ("BMCI") of up to EUR 30 million as part of a EUR 65 million "GEFF +" Package (including also a EUR 35 million GEFF III loan). Up to EUR 2.4 million is expected to be co-financed by Canada through the multi-donor fund High-Impact Partnership on Climate Action ("HIPCA Canada"). A comprehensive Technical Cooperation support for this operation will be funded by the European Union as part of the Morocco Decarbonisation and Climate Resilience ("MDCR"). The proceeds of the loan will be used by BMCI for on-lending to private companies to finance their climate change mitigation and adaptation investments. The project will promote a green economy in Morocco by supporting eligible private sector Corporates implementing mid-size climate-resilient investments. The project will specifically target, among other things: mid-size renewable energy investments, mid-size industrial energy efficiency projects (such as energy efficiency upgrading of industrial sites), green buildings, eligible private sector investments in the municipal infrastructure sector, as well as climate adaptation projects (such as wastewater treatment or water desalination) and circular economy investments.European Bank for Reconstruction and DevelopmentBANQUE MAROCAINE POUR LE COMMERCE ET L'INDUSTRIE (BMCI)European Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCASABLANCA33.58831 -7.611381380000013800000BANQUE MAROCAINE POUR LE COMMERCE ET L'INDUSTRIE (BMCI)PRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan to Banque Marocaine pour le Commerce et l'Industrie ("BMCI") of up to EUR 30 million as part of a EUR 65 million "GEFF +" Package (including also a EUR 35 million GEFF III loan). Up to EUR 2.4 million is expected to be co-financed by Canada through the multi-donor fund High-Impact Partnership on Climate Action ("HIPCA Canada"). A comprehensive Technical Cooperation support for this operation will be funded by the European Union as part of the Morocco Decarbonisation and Climate Resilience ("MDCR"). The proceeds of the loan will be used by BMCI for on-lending to private companies to finance their climate change mitigation and adaptation investments. The project will promote a green economy in Morocco by supporting eligible private sector Corporates implementing mid-size climate-resilient investments. The project will specifically target, among other things: mid-size renewable energy investments, mid-size industrial energy efficiency projects (such as energy efficiency upgrading of industrial sites), green buildings, eligible private sector investments in the municipal infrastructure sector, as well as climate adaptation projects (such as wastewater treatment or water desalination) and circular economy investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55650XI-IATI-EBRD-52149European Bank for Reconstruction and DevelopmentThe provision of a loan of KZT 96.9 billion split into two tranches under sovereign guarantee to JSC KazAvtoZhol, 100 per cent state-owned national road operator. The first tranche of KZT 74.8 billion will finance the reconstruction of a 204 km long road section between the cities of Kyzylorda and Zhezkazgan. The second uncommitted tranche of KZT 22.1 billion will finance construction of a 14.8 km bypass around Kyzylorda, adjacent to the motorway. * Reconstruction of the 204 km long Kyzylorda-Zhezkazgan road in Kazakhstan. * Construction of a 14.8 km bypass around the city of Kyzylorda. * Contribution to the improved inter-regional connectivity, safety standards, increased road capacity and reduced travel time.European Bank for Reconstruction and DevelopmentKAZAVTOZHOL JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGASTANA51.1801 71.4459845469778.12175408272.34KAZAVTOZHOL JSC4220434.66KAZAVTOZHOL JSC40195.22KAZAVTOZHOL JSC17063294.56KAZAVTOZHOL JSC253705.2KAZAVTOZHOL JSC364930.59KAZAVTOZHOL JSC14616.39KAZAVTOZHOL JSC5515559.4KAZAVTOZHOL JSC4979.77KAZAVTOZHOL JSC367317.73KAZAVTOZHOL JSC570168.68KAZAVTOZHOL JSC17465.1KAZAVTOZHOL JSC433426.92KAZAVTOZHOL JSC23667.47KAZAVTOZHOL JSC1253570.73KAZAVTOZHOL JSC727810.7KAZAVTOZHOL JSC2281334.4KAZAVTOZHOL JSC313911.28KAZAVTOZHOL JSC801160.55KAZAVTOZHOL JSC764182.77KAZAVTOZHOL JSC21084.81KAZAVTOZHOL JSC414334.31KAZAVTOZHOL JSC878545.09KAZAVTOZHOL JSC328485.08KAZAVTOZHOL JSC352959.89KAZAVTOZHOL JSC676138KAZAVTOZHOL JSC20605.2KAZAVTOZHOL JSC456577.88KAZAVTOZHOL JSC1560427.95KAZAVTOZHOL JSC19499.08KAZAVTOZHOL JSC1627470.27KAZAVTOZHOL JSC454597.94KAZAVTOZHOL JSC287580.77KAZAVTOZHOL JSC1718002.16KAZAVTOZHOL JSC4632549.97KAZAVTOZHOL JSC509807.77KAZAVTOZHOL JSC2210482.04KAZAVTOZHOL JSC161297.3KAZAVTOZHOL JSC130671.23KAZAVTOZHOL JSC23569.19KAZAVTOZHOL JSC597846.3KAZAVTOZHOL JSC1247775.01KAZAVTOZHOL JSC1366889.79KAZAVTOZHOL JSC1307331.95KAZAVTOZHOL JSC1055161.96KAZAVTOZHOL JSC2787501.8KAZAVTOZHOL JSC1450196.63KAZAVTOZHOL JSC2443039.35KAZAVTOZHOL JSC1138084.22KAZAVTOZHOL JSC4938277.34KAZAVTOZHOL JSC4499147.52KAZAVTOZHOL JSC1850236.59KAZAVTOZHOL JSC22804.17KAZAVTOZHOL JSC117613.67KAZAVTOZHOL JSC1053698.74KAZAVTOZHOL JSC209608.17KAZAVTOZHOL JSC578457.44KAZAVTOZHOL JSC1111034.52KAZAVTOZHOL JSC777357.04KAZAVTOZHOL JSC1108036.52KAZAVTOZHOL JSC1004010.94KAZAVTOZHOL JSC1601410.34KAZAVTOZHOL JSC618202.42KAZAVTOZHOL JSC377307.57KAZAVTOZHOL JSC1744138.31KAZAVTOZHOL JSC1036882.8KAZAVTOZHOL JSC454923.53KAZAVTOZHOL JSC172492.85KAZAVTOZHOL JSC713836.14KAZAVTOZHOL JSC2026873.35KAZAVTOZHOL JSC633050.76KAZAVTOZHOL JSC932224.21KAZAVTOZHOL JSC1685052.81KAZAVTOZHOL JSC22219.85KAZAVTOZHOL JSC302781.12KAZAVTOZHOL JSC1115016.03KAZAVTOZHOL JSC89001.31KAZAVTOZHOL JSC1605266.7KAZAVTOZHOL JSC172045.52KAZAVTOZHOL JSC865333.82KAZAVTOZHOL JSC41722.27KAZAVTOZHOL JSC83245.8KAZAVTOZHOL JSC1294796.78KAZAVTOZHOL JSC22972.85KAZAVTOZHOL JSC1587118.19KAZAVTOZHOL JSC26139.05KAZAVTOZHOL JSC748584.59KAZAVTOZHOL JSC1050317.54KAZAVTOZHOL JSC1036298.88KAZAVTOZHOL JSC560897.73KAZAVTOZHOL JSC1112373.1KAZAVTOZHOL JSC345316.04KAZAVTOZHOL JSC49542.85KAZAVTOZHOL JSC318967.99KAZAVTOZHOL JSC2067443.26KAZAVTOZHOL JSC3513083.46KAZAVTOZHOL JSC4285763.07KAZAVTOZHOL JSC3405501.75KAZAVTOZHOL JSC899446.99KAZAVTOZHOL JSC25498.12KAZAVTOZHOL JSC399127.48KAZAVTOZHOL JSC190021.92KAZAVTOZHOL JSC527367.58KAZAVTOZHOL JSC894797.75KAZAVTOZHOL JSC438557.02KAZAVTOZHOL JSC453614.61KAZAVTOZHOL JSC804446.33KAZAVTOZHOL JSC861366.84KAZAVTOZHOL JSC19975.63KAZAVTOZHOL JSC123503.38KAZAVTOZHOL JSC743039.61KAZAVTOZHOL JSC34851.93KAZAVTOZHOL JSC36069.21KAZAVTOZHOL JSC1772662.16KAZAVTOZHOL JSC218947.32KAZAVTOZHOL JSC19895.09KAZAVTOZHOL JSC20552.46KAZAVTOZHOL JSC19728.98KAZAVTOZHOL JSC19099.15KAZAVTOZHOL JSC1252468.48KAZAVTOZHOL JSC21256.95KAZAVTOZHOL JSC243526.87KAZAVTOZHOL JSCSTATESTATESTATESTATEThe provision of a loan of KZT 96.9 billion split into two tranches under sovereign guarantee to JSC KazAvtoZhol, 100 per cent state-owned national road operator. The first tranche of KZT 74.8 billion will finance the reconstruction of a 204 km long road section between the cities of Kyzylorda and Zhezkazgan. The second uncommitted tranche of KZT 22.1 billion will finance construction of a 14.8 km bypass around Kyzylorda, adjacent to the motorway. * Reconstruction of the 204 km long Kyzylorda-Zhezkazgan road in Kazakhstan. * Construction of a 14.8 km bypass around the city of Kyzylorda. * Contribution to the improved inter-regional connectivity, safety standards, increased road capacity and reduced travel time. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52149XI-IATI-EBRD-55708European Bank for Reconstruction and DevelopmentThe Project refers to the expansion of KFC restaurants in Bosnia and Herzegovina and the roll out of Taco Bell restaurants in the Western Balkans region, Croatia and Slovenia. The project aims to successfuly complete the roll out of restaurants in line with the development plan agreed with the Bank and YUM Brands (the Franchisor). Apart from creating significant number of new workplaces by financing the expansion of KFC and Taco Bell in the region, the Project aims to pioneer circular economy principles in the restaurant business and a fully digital approach to sales.European Bank for Reconstruction and DevelopmentAPTHA GLOBAL DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.356441600000APTHA GLOBAL DOOPRIVATEPRIVATEPRIVATEThe Project refers to the expansion of KFC restaurants in Bosnia and Herzegovina and the roll out of Taco Bell restaurants in the Western Balkans region, Croatia and Slovenia. The project aims to successfuly complete the roll out of restaurants in line with the development plan agreed with the Bank and YUM Brands (the Franchisor). Apart from creating significant number of new workplaces by financing the expansion of KFC and Taco Bell in the region, the Project aims to pioneer circular economy principles in the restaurant business and a fully digital approach to sales. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55708XI-IATI-EBRD-47496European Bank for Reconstruction and DevelopmentThe EBRD is providing a financing package of up to USD 70 million to National Bank of Kuwait- Egypt. The facility will comprise (i) a senior loan for on-lending to private small and medium enterprises ('SMEs') for up to USD 50 million to be disbursed in two tranches; and (ii) up to USD 20 million trade finance limit for guarantees and cash advances. Null ValueEuropean Bank for Reconstruction and DevelopmentNATIONAL BANK OF KUWAIT EGYPT NBK SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.24967155782491.05NATIONAL BANK OF KUWAIT EGYPT NBK SAEPRIVATEPRIVATEPRIVATEThe EBRD is providing a financing package of up to USD 70 million to National Bank of Kuwait- Egypt. The facility will comprise (i) a senior loan for on-lending to private small and medium enterprises ('SMEs') for up to USD 50 million to be disbursed in two tranches; and (ii) up to USD 20 million trade finance limit for guarantees and cash advances. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47496XI-IATI-EBRD-50996European Bank for Reconstruction and DevelopmentThe provision of a sovereign loan of up to US$ 199.96 million (€188.5 million) to the Republic of Uzbekistan ("RoU") to finance the modernisation of pumping stations used for irrigation water conveyance ("IWC") and other related infrastructure across three regions of Fergana valley (the "Project"). The Project is expected to enhance the resilience to climate change by improving energy and water efficiency in the national IWC system.European Bank for Reconstruction and DevelopmentUZBEKISTAN SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.21627155915244.91175051037.38UZBEKISTAN SOVEREIGN1750510.37UZBEKISTAN SOVEREIGN570121.68UZBEKISTAN SOVEREIGN87542.68UZBEKISTAN SOVEREIGN185073.18UZBEKISTAN SOVEREIGN87542.68UZBEKISTAN SOVEREIGN141889.43UZBEKISTAN SOVEREIGN1746333.38UZBEKISTAN SOVEREIGN70034.14UZBEKISTAN SOVEREIGN9893258.52UZBEKISTAN SOVEREIGN211844.39UZBEKISTAN SOVEREIGN87542.68UZBEKISTAN SOVEREIGN4236558.93UZBEKISTAN SOVEREIGN67540.41UZBEKISTAN SOVEREIGNSTATESTATESTATESTATEThe provision of a sovereign loan of up to US$ 199.96 million (€188.5 million) to the Republic of Uzbekistan ("RoU") to finance the modernisation of pumping stations used for irrigation water conveyance ("IWC") and other related infrastructure across three regions of Fergana valley (the "Project"). The Project is expected to enhance the resilience to climate change by improving energy and water efficiency in the national IWC system. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50996XI-IATI-EBRD-53873European Bank for Reconstruction and DevelopmentA revolving facility to finance quarterly VAT payments during the construction of 220 MW solar power project in the Samarkand region of Uzbekistan. The project will contribute to the strategic priority of the government of Uzbekistan to increase the share of renewable projects in the national energy mix. It will contribute to the mitigation of climate change impact by adding 220 MW of solar generation capacity to the national energy system and will assist the country in its low-carbon transition drive.European Bank for Reconstruction and DevelopmentNUR SAMARKAND SOLAR PV FE LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.2162717070822.03NUR SAMARKAND SOLAR PV FE LLCPRIVATEPRIVATEPRIVATEA revolving facility to finance quarterly VAT payments during the construction of 220 MW solar power project in the Samarkand region of Uzbekistan. The project will contribute to the strategic priority of the government of Uzbekistan to increase the share of renewable projects in the national energy mix. It will contribute to the mitigation of climate change impact by adding 220 MW of solar generation capacity to the national energy system and will assist the country in its low-carbon transition drive. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53873XI-IATI-EBRD-56024European Bank for Reconstruction and DevelopmentProvision of a subordinated loan of USD 30 million in JOD equivalent to Bank Al Etihad ("BAE"). The loan will help strengthen BAE's Tier II capital to support growth plans and optimize capital structure. Proceeds of the loan will be used to finance eligible green and social sub-projects. The subordinated loan will enhance BAE's capital base, supporting its planned growth and the financing of; i) eligible green sub-projects (60% of the proceeds), and ii) on-lending to women and youth-led MSMEs, as well as MSMEs in underdeveloped and financially underserved regions (40% of the proceeds).European Bank for Reconstruction and DevelopmentBANK AL-ETIHADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGAMMAN31.95522 35.9450326262793.39BANK AL-ETIHADPRIVATEPRIVATEPRIVATEProvision of a subordinated loan of USD 30 million in JOD equivalent to Bank Al Etihad ("BAE"). The loan will help strengthen BAE's Tier II capital to support growth plans and optimize capital structure. Proceeds of the loan will be used to finance eligible green and social sub-projects. The subordinated loan will enhance BAE's capital base, supporting its planned growth and the financing of; i) eligible green sub-projects (60% of the proceeds), and ii) on-lending to women and youth-led MSMEs, as well as MSMEs in underdeveloped and financially underserved regions (40% of the proceeds). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56024XI-IATI-EBRD-51272European Bank for Reconstruction and DevelopmentThe provision of a senior secured loan of up to US$ 1.8 million to support the expansion of Ak Hunji, a leading producer of decorative profiles and sandwich panels in Turkmenistan. Part of the loan will finance the Company's working capital needs. Ak Hunji is planning to launch the production of decorative floors, ceiling profiles and other elements from Extruded Polystyrene (XPS). The use of XPS will improve quality and durability of the Company's products. The project will help Ak Hunji start exports sales to neigbouring countries.European Bank for Reconstruction and DevelopmentAK HUNJI ESEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGMARY61.83031 37.593781575768.18AK HUNJI ESPRIVATEPRIVATEPRIVATEThe provision of a senior secured loan of up to US$ 1.8 million to support the expansion of Ak Hunji, a leading producer of decorative profiles and sandwich panels in Turkmenistan. Part of the loan will finance the Company's working capital needs. Ak Hunji is planning to launch the production of decorative floors, ceiling profiles and other elements from Extruded Polystyrene (XPS). The use of XPS will improve quality and durability of the Company's products. The project will help Ak Hunji start exports sales to neigbouring countries. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51272XI-IATI-EBRD-55934European Bank for Reconstruction and DevelopmentA senior loan of up to €25 million equivalent in KZT to Sarens Kazakhstan LLP (the "Loan") to finance their capital expenditure and working capital needs. The Loan will enable the Company to meet increasing demand for regional engineering and transportation services to cater for renewable energy capacity installation (the "Project"). The Project supports, in line with Kazakhstan Country Strategy, private sector competitiveness through FDI and scaling up renewable energy capacity. Null ValueEuropean Bank for Reconstruction and DevelopmentSARENS KAZAKHSTAN LLPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATYRAU47.11667 51.883332500000025000000SARENS KAZAKHSTAN LLPPRIVATEPRIVATEPRIVATEA senior loan of up to €25 million equivalent in KZT to Sarens Kazakhstan LLP (the "Loan") to finance their capital expenditure and working capital needs. The Loan will enable the Company to meet increasing demand for regional engineering and transportation services to cater for renewable energy capacity installation (the "Project"). The Project supports, in line with Kazakhstan Country Strategy, private sector competitiveness through FDI and scaling up renewable energy capacity. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55934XI-IATI-EBRD-55938European Bank for Reconstruction and DevelopmentThe provision of a loan of up to US$ 70 million equivalent to Joint Stock Commercial Bank with Foreign Capital Hamkorbank (Hamkorbank) (MSME Loan IV). The proceeds will be used to finance eligible MSMEs in accordance with the standard requirements set in the Policy Statement for the Financial Intermediary Framework (FIF). The MSME Loan IV will enable Hamkorbank to maintain diversification of its funding base, extend duration of its liabilities and expand financing of MSMEs, with the focus on women-led businesses, at a multiple of the EBRD financing.European Bank for Reconstruction and DevelopmentHAMKORBANK JSCBEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANDIJAN40.78338 72.3506761279873.93HAMKORBANK JSCBPRIVATEPRIVATEPRIVATEThe provision of a loan of up to US$ 70 million equivalent to Joint Stock Commercial Bank with Foreign Capital Hamkorbank (Hamkorbank) (MSME Loan IV). The proceeds will be used to finance eligible MSMEs in accordance with the standard requirements set in the Policy Statement for the Financial Intermediary Framework (FIF). The MSME Loan IV will enable Hamkorbank to maintain diversification of its funding base, extend duration of its liabilities and expand financing of MSMEs, with the focus on women-led businesses, at a multiple of the EBRD financing. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55938XI-IATI-EBRD-56550European Bank for Reconstruction and DevelopmentMeros Pharm 2 Project - The provision of a USD 25 million senior secured loan to Meros Pharm LLC. The project supports Meros Pharm's growing working capital needs associated with its organic growth, expansion to the regions via opening new warehouses, increased stocks required prior to the peak/flu season and the support of its targeted customers with more favorable payment terms.European Bank for Reconstruction and DevelopmentMEROS PHARM LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSAMARKAND39.65417 66.9597221885669.27MEROS PHARM LLCPRIVATEPRIVATEPRIVATEThe provision of a USD 25 million senior secured loan to Meros Pharm LLC. The project supports Meros Pharm's growing working capital needs associated with its organic growth, expansion to the regions via opening new warehouses, increased stocks required prior to the peak/flu season and the support of its targeted customers with more favorable payment terms. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56550XI-IATI-EBRD-54302European Bank for Reconstruction and DevelopmentThe provision of a US$ 5 million senior working capital loan to support a producer of fertilizers, Indorama Kokand, and its existing operations in the production of single and ammoniated superphosphate, ahead of its planned expansion programme into new fertilizer products including potassium based fertilizers. Null ValueEuropean Bank for Reconstruction and DevelopmentINDORAMA KOKAND FERTILISERS AND CHEMICALS JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKOKAND70.9425 40.528614377133.85INDORAMA KOKAND FERTILISERS AND CHEMICALS JSCPRIVATEPRIVATEPRIVATEThe provision of a US$ 5 million senior working capital loan to support a producer of fertilizers, Indorama Kokand, and its existing operations in the production of single and ammoniated superphosphate, ahead of its planned expansion programme into new fertilizer products including potassium based fertilizers. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54302XI-IATI-EBRD-51655European Bank for Reconstruction and DevelopmentThe Loan will finance the development, construction and operation of the 76MWp solar power plant in Kazakhstan (the Project") split into Phase I (50MWp) and Phase II (subsequent 26 MWp extension). The Project will directly contribute to the Kazakhstan's YE2020 objective to reach 3% renewable generation in the total electricity production.European Bank for Reconstruction and DevelopmentKAZSOLAR 50 LLPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKARAGANDA49.80187 73.102113916571.19KAZSOLAR 50 LLPPRIVATEPRIVATEPRIVATEThe Loan will finance the development, construction and operation of the 76MWp solar power plant in Kazakhstan (the Project") split into Phase I (50MWp) and Phase II (subsequent 26 MWp extension). The Project will directly contribute to the Kazakhstan's YE2020 objective to reach 3% renewable generation in the total electricity production. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51655XI-IATI-EBRD-53635European Bank for Reconstruction and DevelopmentProvision of a 5-year senior loan to Khan Bank LLC of up to USD 60 million, of which up to USD 45 million to be provided by EBRD and up to USD 15 million by the Green Climate Fund ("GCF") under the GCF - Green Economy Financing Facility ("GEFF") Regional Framework. The proceeds of the loan will be used for financing investments in climate change mitigation and adaptation technologies by local private sector clients, in line with the standards and reporting requirements for GCF-GEFF Regional Framework.European Bank for Reconstruction and DevelopmentKHAN BANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGULAANBAATAR47.90771 106.8832439394204.68KHAN BANK JSCPRIVATEPRIVATEPRIVATEProvision of a 5-year senior loan to Khan Bank LLC of up to USD 60 million, of which up to USD 45 million to be provided by EBRD and up to USD 15 million by the Green Climate Fund ("GCF") under the GCF - Green Economy Financing Facility ("GEFF") Regional Framework. The proceeds of the loan will be used for financing investments in climate change mitigation and adaptation technologies by local private sector clients, in line with the standards and reporting requirements for GCF-GEFF Regional Framework. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53635XI-IATI-EBRD-49375European Bank for Reconstruction and DevelopmentProvision of USD 8.0 million EBRD loan and USD 8.0 million SSF grant will support improvement of the critical district heating infrastructure in the City. This involves rehabilitation of pumping stations and networks for the City (the "Project"). The Bank's existing sovereign loan of USD 5.0 million was signed in April 2021. A loan and a grant increase of USD 3.0 million respectively is needed to address the cost overrun mainly caused by the necessity of additional works due to 1) change in procurement method from supply of goods to design and build, and 2) a significant increase in material costs. The Project is the Bank's first DH sector project in Tajikistan and a trigger investment for the City under the EBRD's Green City Framework 2 ("GrCF2") and includes technical cooperation ("TC") for the development of a Green City Action Plan ("GCAP") to identify, prioritise, and address environmental challenges through a multi-sector approach. The Project is consistent with the Bank's country strategy for Tajikistan (BDS/TA/19-01/F), the Municipal and Environmental Infrastructure Sector Strategy (BDS19-069/F) and with the GET approach (2021-2025 BDS20-082/F).European Bank for Reconstruction and DevelopmentDISTRICT HEATING COMPANY OF THE CITY OF DUSHANBEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGDUSHANBE38.53575 68.779054377133.85DISTRICT HEATING COMPANY OF THE CITY OF DUSHANBE21885.67DISTRICT HEATING COMPANY OF THE CITY OF DUSHANBE207287.93DISTRICT HEATING COMPANY OF THE CITY OF DUSHANBE25211.94DISTRICT HEATING COMPANY OF THE CITY OF DUSHANBE21443.58DISTRICT HEATING COMPANY OF THE CITY OF DUSHANBE21885.67DISTRICT HEATING COMPANY OF THE CITY OF DUSHANBE16900.11DISTRICT HEATING COMPANY OF THE CITY OF DUSHANBE535877.14DISTRICT HEATING COMPANY OF THE CITY OF DUSHANBE48454.87DISTRICT HEATING COMPANY OF THE CITY OF DUSHANBE75636.87DISTRICT HEATING COMPANY OF THE CITY OF DUSHANBE233898.88DISTRICT HEATING COMPANY OF THE CITY OF DUSHANBE132493.38DISTRICT HEATING COMPANY OF THE CITY OF DUSHANBE99770.43DISTRICT HEATING COMPANY OF THE CITY OF DUSHANBE100979.43DISTRICT HEATING COMPANY OF THE CITY OF DUSHANBE84109.93DISTRICT HEATING COMPANY OF THE CITY OF DUSHANBE233898.88DISTRICT HEATING COMPANY OF THE CITY OF DUSHANBE70599.55DISTRICT HEATING COMPANY OF THE CITY OF DUSHANBE272926.71DISTRICT HEATING COMPANY OF THE CITY OF DUSHANBE93275.65DISTRICT HEATING COMPANY OF THE CITY OF DUSHANBE260991.8DISTRICT HEATING COMPANY OF THE CITY OF DUSHANBE86620.11DISTRICT HEATING COMPANY OF THE CITY OF DUSHANBE75110.65DISTRICT HEATING COMPANY OF THE CITY OF DUSHANBE37555.82DISTRICT HEATING COMPANY OF THE CITY OF DUSHANBE308252.92DISTRICT HEATING COMPANY OF THE CITY OF DUSHANBE49084.92DISTRICT HEATING COMPANY OF THE CITY OF DUSHANBE252566.69DISTRICT HEATING COMPANY OF THE CITY OF DUSHANBE26216.2DISTRICT HEATING COMPANY OF THE CITY OF DUSHANBE128018.59DISTRICT HEATING COMPANY OF THE CITY OF DUSHANBE849826.67DISTRICT HEATING COMPANY OF THE CITY OF DUSHANBESTATESTATESTATESTATEProvision of USD 8.0 million EBRD loan and USD 8.0 million SSF grant will support improvement of the critical district heating infrastructure in the City. This involves rehabilitation of pumping stations and networks for the City (the "Project"). The Bank's existing sovereign loan of USD 5.0 million was signed in April 2021. A loan and a grant increase of USD 3.0 million respectively is needed to address the cost overrun mainly caused by the necessity of additional works due to 1) change in procurement method from supply of goods to design and build, and 2) a significant increase in material costs. The Project is the Bank's first DH sector project in Tajikistan and a trigger investment for the City under the EBRD's Green City Framework 2 ("GrCF2") and includes technical cooperation ("TC") for the development of a Green City Action Plan ("GCAP") to identify, prioritise, and address environmental challenges through a multi-sector approach. The Project is consistent with the Bank's country strategy for Tajikistan (BDS/TA/19-01/F), the Municipal and Environmental Infrastructure Sector Strategy (BDS19-069/F) and with the GET approach (2021-2025 BDS20-082/F). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49375XI-IATI-EBRD-56215European Bank for Reconstruction and DevelopmentThe provision of a senior synthetic Kyrgyz som loan or US dollar loan of up to US$ 15 million to Demir Kyrgyz International Bank (DKIB) under the Kyrgyz Republic GEFF (KyrSEFF III). The proceeds will be on-lent to sub-borrowers for energy efficiency, renewable energy, circular economy, and climate resilience investments. The project will further strengthen SME competitiveness, improve their climate resilience and promote the developmnt of the country's financial sector in particular through local currency lending. The transaction will contribute towards building a more competitive financial sector through developing the internal capacity of DKIB for financing energy and water efficiency projects. This will be achieved through a technical assistance aimed at providing implementation support to DKIB and their customers, verification of the outcomes, and investment incentives to end borrowers. Sub-projects are selected according to technical and financial eligibility criteria set forth in the policy statement for KyrSEFF III. 100 per cent of the proceeds will be used for Green Economy Transition investments.European Bank for Reconstruction and DevelopmentDEMIR KYRGYZ INTERNATIONAL BANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBISHKEK42.87 74.5913126396.25DEMIR KYRGYZ INTERNATIONAL BANK CJSCPRIVATEPRIVATEPRIVATEThe provision of a senior synthetic Kyrgyz som loan or US dollar loan of up to US$ 15 million to Demir Kyrgyz International Bank (DKIB) under the Kyrgyz Republic GEFF (KyrSEFF III). The proceeds will be on-lent to sub-borrowers for energy efficiency, renewable energy, circular economy, and climate resilience investments. The project will further strengthen SME competitiveness, improve their climate resilience and promote the developmnt of the country's financial sector in particular through local currency lending. The transaction will contribute towards building a more competitive financial sector through developing the internal capacity of DKIB for financing energy and water efficiency projects. This will be achieved through a technical assistance aimed at providing implementation support to DKIB and their customers, verification of the outcomes, and investment incentives to end borrowers. Sub-projects are selected according to technical and financial eligibility criteria set forth in the policy statement for KyrSEFF III. 100 per cent of the proceeds will be used for Green Economy Transition investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56215XI-IATI-EBRD-57343European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 2 million to KEP Trust ("KEP") under the Western Balkans Women in Business Programme ("WB WiB") Phase II. The proceeds of the Bank's investment will be used for on-lending to eligible women-led micro, small and medium-sized enterprises ("MSMEs") in Kosovo in accordance with the WB WiB Policy Statement.European Bank for Reconstruction and DevelopmentKEP TRUSTEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRISTINA42.67272 21.166882000000KEP TRUSTPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 2 million to KEP Trust ("KEP") under the Western Balkans Women in Business Programme ("WB WiB") Phase II. The proceeds of the Bank's investment will be used for on-lending to eligible women-led micro, small and medium-sized enterprises ("MSMEs") in Kosovo in accordance with the WB WiB Policy Statement. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57343XI-IATI-EBRD-56078European Bank for Reconstruction and DevelopmentProvision of a senior loan in the amount of up to EUR 30 million to the City of Timisoara (the "Client", or the "City") to support, alongside the European Union ("EU"), key municipal infrastructure investments, as follows: (i) rehabilitation of the district heating ("DH") network and (ii) urban regeneration investments, including public lighting, bike lanes, green spaces, and irrigation systems (the "Project"). Improvement of the City's urban living environment by implementing green and sustainable infrastructure investments across the city, a priority under the City's Green Action Plan.European Bank for Reconstruction and DevelopmentCITY OF TIMISOARAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTIMISOARA45.75372 21.225712821289130000000CITY OF TIMISOARA1787109CITY OF TIMISOARASTATESTATESTATESTATEProvision of a senior loan in the amount of up to EUR 30 million to the City of Timisoara (the "Client", or the "City") to support, alongside the European Union ("EU"), key municipal infrastructure investments, as follows: (i) rehabilitation of the district heating ("DH") network and (ii) urban regeneration investments, including public lighting, bike lanes, green spaces, and irrigation systems (the "Project"). Improvement of the City's urban living environment by implementing green and sustainable infrastructure investments across the city, a priority under the City's Green Action Plan. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56078XI-IATI-EBRD-49161European Bank for Reconstruction and DevelopmentProvision of a loan of up to EUR 30 million to Ujesjelles Kanalizime Tirana ("UKT" or the "Company"), Tirana's Water & Wastewater Utility Company, in two tranches: the first tranche of up to EUR 15 million ("Tranche 1") to be committed upon signing and the second tranche of up to EUR 15 million ("Tranche 2"), uncommitted. The proceeds of Tranche 1 will be used for: i) extension of the capacity of the Bovilla Water Treatment Plant ("WTP") and ii) construction of a new water pipeline that will transfer water from Bovilla Water Treatment Plant to the north western part of the City of Tirana by gravity. The proceeds of Tranche 2 would be determined at a later stage once a study on UKT's Strategic Water Resources is completed. The study will determine the most cost-efficient and economically viable investment to further address Tirana's water shortage, assessing both demand-side and supply-side strategic options. Supply-side options could include exploiting new water sources, such as the Guri I Bardhe, demand-side options could include rehabilitating Tirana's water network and installing strategic flow/pressure meters, or a mix of solutions. The project is a sub-project under the Green Cities Framework ("GrCF"). The Project aims to assist the Company in: i) providing a more resilient water system, reaching its objective of providing a 24 hour water supply by 2021, and ii) reducing the Company's operational costs by supplying water by gravity versus the high cost of pumping groundwater.European Bank for Reconstruction and DevelopmentWATER COMPANY OF THE CITY OF TIRANAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTIRANA41.3275 19.8188915000000WATER COMPANY OF THE CITY OF TIRANA961694.06WATER COMPANY OF THE CITY OF TIRANA2254546.93WATER COMPANY OF THE CITY OF TIRANA949031.34WATER COMPANY OF THE CITY OF TIRANA1095526.73WATER COMPANY OF THE CITY OF TIRANA2500000WATER COMPANY OF THE CITY OF TIRANA4500000WATER COMPANY OF THE CITY OF TIRANA1941216.38WATER COMPANY OF THE CITY OF TIRANASTATESTATESTATESTATEProvision of a loan of up to EUR 30 million to Ujesjelles Kanalizime Tirana ("UKT" or the "Company"), Tirana's Water & Wastewater Utility Company, in two tranches: the first tranche of up to EUR 15 million ("Tranche 1") to be committed upon signing and the second tranche of up to EUR 15 million ("Tranche 2"), uncommitted. The proceeds of Tranche 1 will be used for: i) extension of the capacity of the Bovilla Water Treatment Plant ("WTP") and ii) construction of a new water pipeline that will transfer water from Bovilla Water Treatment Plant to the north western part of the City of Tirana by gravity. The proceeds of Tranche 2 would be determined at a later stage once a study on UKT's Strategic Water Resources is completed. The study will determine the most cost-efficient and economically viable investment to further address Tirana's water shortage, assessing both demand-side and supply-side strategic options. Supply-side options could include exploiting new water sources, such as the Guri I Bardhe, demand-side options could include rehabilitating Tirana's water network and installing strategic flow/pressure meters, or a mix of solutions. The project is a sub-project under the Green Cities Framework ("GrCF"). The Project aims to assist the Company in: i) providing a more resilient water system, reaching its objective of providing a 24 hour water supply by 2021, and ii) reducing the Company's operational costs by supplying water by gravity versus the high cost of pumping groundwater. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49161XI-IATI-EBRD-56686European Bank for Reconstruction and DevelopmentPortfolio Risk Sharing ("PRS") in the form of an unfunded financial guarantee of up to €25 million EBRD's exposure that will cover the credit risk of up to 50 per cent of the aggregate amount of a granular portfolio of newly issued eligible MSME loans of up to €50 million originated by PCBM, denominated in EUR and MKD. The proposed project is the first pilot PRS transaction in North Macedonia that aims to broaden spectrum of EBRD products on the market with a new and effective solution that is designed to de-risk PFIs and address the MSME financing gaps by particularly focusing on working capital and overdraft loans in the Micro, Small and Medium Enterprises ("MSME") segment.European Bank for Reconstruction and DevelopmentPROCREDIT BANK ADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.431412500000025000000PROCREDIT BANK ADPRIVATEPRIVATEPRIVATEPortfolio Risk Sharing ("PRS") in the form of an unfunded financial guarantee of up to €25 million EBRD's exposure that will cover the credit risk of up to 50 per cent of the aggregate amount of a granular portfolio of newly issued eligible MSME loans of up to €50 million originated by PCBM, denominated in EUR and MKD. The proposed project is the first pilot PRS transaction in North Macedonia that aims to broaden spectrum of EBRD products on the market with a new and effective solution that is designed to de-risk PFIs and address the MSME financing gaps by particularly focusing on working capital and overdraft loans in the Micro, Small and Medium Enterprises ("MSME") segment. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56686XI-IATI-EBRD-56115European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan in the amount of up to €1 million to Intesa Sanpaolo BiH ("ISP BiH"), for on-lending to eligible women-led SMEs in line with the criteria under Western Balkans Women in Business Programme Phase II ("WB WiBP II"). The project will contribute to women's economic inclusion by supporting women-led SMEs' access to finance and business advisory services.European Bank for Reconstruction and DevelopmentINTESA SANPAOLO BANKA DD BOSNIA AND HERZEGOVINAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.35644500000INTESA SANPAOLO BANKA DD BOSNIA AND HERZEGOVINAPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan in the amount of up to €1 million to Intesa Sanpaolo BiH ("ISP BiH"), for on-lending to eligible women-led SMEs in line with the criteria under Western Balkans Women in Business Programme Phase II ("WB WiBP II"). The project will contribute to women's economic inclusion by supporting women-led SMEs' access to finance and business advisory services. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56115XI-IATI-EBRD-51721European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to EUR 2.5m , in one tranche, under GEFF Western Balkans. The project contributes to the objectives of GEFF WB, supporting the Green and Competitive tranisition qualities.European Bank for Reconstruction and DevelopmentSPARKASSE BANK AD SKOPJEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.431412500000SPARKASSE BANK AD SKOPJEPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to EUR 2.5m , in one tranche, under GEFF Western Balkans. The project contributes to the objectives of GEFF WB, supporting the Green and Competitive tranisition qualities. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51721XI-IATI-EBRD-51509European Bank for Reconstruction and DevelopmentProvision of long-term senior secured loan of up to USD 33 million (EUR 30 million equivalent) tranche to Red Sea Wind Energy to finance the construction of a 150 MW extension of a 500 MW wind power plant currently under construction in the Gulf of Suez, approximately 40km North-West of Ras Ghareb in Egypt. The extension will increase the total capacity of the plant to 650 MW. This comes in addition to a long-term senior secured loan of up to USD 100 million (EUR 96 million equivalent) in total signed in March 2023, comprising of a portion of up to USD 50 million (EUR 46 million equivalent) for the Bank's account, and up to USD 50 million (EUR 46 million equivalent) for the account of the Green Climate Fund to finance the construction of the initial 500 MW. Once operational, the Project will be one of the largest privately developed utility scale wind power plants in Egypt and will support the country in increasing its renewable energy capacity. Through delivery of clean power at one of the most competitive wind tariffs in the country and wider region, the Project will support Egypt's renewable transition and exploitation of the exceptional wind resources in the Gulf of Suez area. The Project is expected to further improve the environmental characteristics of Egypt's power sector by reducing emissions of local pollutants and CO2, as well as water consumption.European Bank for Reconstruction and DevelopmentRED SEA WIND ENERGY SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.249670.0161866258.43RED SEA WIND ENERGY SAEPRIVATEPRIVATEPRIVATEProvision of long-term senior secured loan of up to USD 33 million (EUR 30 million equivalent) tranche to Red Sea Wind Energy to finance the construction of a 150 MW extension of a 500 MW wind power plant currently under construction in the Gulf of Suez, approximately 40km North-West of Ras Ghareb in Egypt. The extension will increase the total capacity of the plant to 650 MW. This comes in addition to a long-term senior secured loan of up to USD 100 million (EUR 96 million equivalent) in total signed in March 2023, comprising of a portion of up to USD 50 million (EUR 46 million equivalent) for the Bank's account, and up to USD 50 million (EUR 46 million equivalent) for the account of the Green Climate Fund to finance the construction of the initial 500 MW. Once operational, the Project will be one of the largest privately developed utility scale wind power plants in Egypt and will support the country in increasing its renewable energy capacity. Through delivery of clean power at one of the most competitive wind tariffs in the country and wider region, the Project will support Egypt's renewable transition and exploitation of the exceptional wind resources in the Gulf of Suez area. The Project is expected to further improve the environmental characteristics of Egypt's power sector by reducing emissions of local pollutants and CO2, as well as water consumption. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51509XI-IATI-EBRD-53198European Bank for Reconstruction and DevelopmentEBRD secured senior loan of EUR 25.1 million to public electricity generation utility JP Elektroprivreda Bosne i Hercegovine d.d. Sarajevo ("EPBiH" or the "Company") for the development, construction, and operation of two adjacent solar photovoltaic plants (50 MWp in total) located at Gracanica, Municipality of Bugojno, on top of a rehabilitated mine site previously used for coal exploitation (the "Project"). The total loan will be sized to cover the estimated EUR 38.5 million capex of the project as well as the costs of lenders' advisors and is co-financed by EBRD and Unicredit Bank d.d. via a parallel loan. This will be one of the first solar power projects to be developed by EPBiH as the Company shifts towards renewable energy investments as part of its decarbonisation agenda. The Project would significantly add to EPBiH's renewable energy portfolio (excluding large hydro power plants) and also create opportunities for employment in Bosnian regions heavily reliant on coal mining during construction. The Project is expected to reduce total greenhouse gas ("GHG") emissions by 60,600 tons of CO2 per annum in addition to providing increased electricity generation for summer peaks and greater availability of water for climate change adaptation. This will assist the country in its low-carbon transition and commitment to the goal of the Paris Alignment.European Bank for Reconstruction and DevelopmentJP ELEKTROPRIVREDA BOSNE I HERCEGOVINE DD - SARAJEVOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.356442510000025100000JP ELEKTROPRIVREDA BOSNE I HERCEGOVINE DD - SARAJEVOSTATESTATESTATESTATEEBRD secured senior loan of EUR 25.1 million to public electricity generation utility JP Elektroprivreda Bosne i Hercegovine d.d. Sarajevo ("EPBiH" or the "Company") for the development, construction, and operation of two adjacent solar photovoltaic plants (50 MWp in total) located at Gracanica, Municipality of Bugojno, on top of a rehabilitated mine site previously used for coal exploitation (the "Project"). The total loan will be sized to cover the estimated EUR 38.5 million capex of the project as well as the costs of lenders' advisors and is co-financed by EBRD and Unicredit Bank d.d. via a parallel loan. This will be one of the first solar power projects to be developed by EPBiH as the Company shifts towards renewable energy investments as part of its decarbonisation agenda. The Project would significantly add to EPBiH's renewable energy portfolio (excluding large hydro power plants) and also create opportunities for employment in Bosnian regions heavily reliant on coal mining during construction. The Project is expected to reduce total greenhouse gas ("GHG") emissions by 60,600 tons of CO2 per annum in addition to providing increased electricity generation for summer peaks and greater availability of water for climate change adaptation. This will assist the country in its low-carbon transition and commitment to the goal of the Paris Alignment. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53198XI-IATI-EBRD-47046European Bank for Reconstruction and DevelopmentThe Bank is providing up to USD 18 million loan to the Greater Amman Municipality ('GAM'), for the construction of a landfill gas recovery ('LFG') system at the Al Ghabawi landfill site of Amman under a design, build, and operate ('DBO') contract. The proposed investment, which comprises the installation of LFG recovery system on cells 1 & 3, generators and connection to the grid as well as leachate treatment facilities, will enable GAM to complete the critical investments designed to improve the quality of the service and environmental standards in Amman. The population of GAM is expected to more than double by 2025 due to a combination of high population growth and rapid refugee influx putting an ever increasing stress on the provision of already strained municipal services. Therefore, GAM needs to take prompt measures to ensure an adequate provision of basic services, including solid waste management services.European Bank for Reconstruction and DevelopmentMUNICIPALITY OF GREATER AMMANEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGAMMAN31.95522 35.9450311380548.01MUNICIPALITY OF GREATER AMMAN537018.36MUNICIPALITY OF GREATER AMMAN113255.95MUNICIPALITY OF GREATER AMMAN132511.66MUNICIPALITY OF GREATER AMMAN694303.97MUNICIPALITY OF GREATER AMMAN1367110.85MUNICIPALITY OF GREATER AMMAN239014.87MUNICIPALITY OF GREATER AMMAN142099.37MUNICIPALITY OF GREATER AMMAN391467.64MUNICIPALITY OF GREATER AMMAN75445.15MUNICIPALITY OF GREATER AMMAN467666.93MUNICIPALITY OF GREATER AMMAN447550.49MUNICIPALITY OF GREATER AMMAN82367.72MUNICIPALITY OF GREATER AMMAN146726.77MUNICIPALITY OF GREATER AMMAN124961.04MUNICIPALITY OF GREATER AMMAN186290.69MUNICIPALITY OF GREATER AMMAN34178.15MUNICIPALITY OF GREATER AMMAN33679.7MUNICIPALITY OF GREATER AMMAN38235.93MUNICIPALITY OF GREATER AMMAN248482.42MUNICIPALITY OF GREATER AMMAN52525.61MUNICIPALITY OF GREATER AMMAN118294.53MUNICIPALITY OF GREATER AMMAN1591787.61MUNICIPALITY OF GREATER AMMAN94497.84MUNICIPALITY OF GREATER AMMAN87856.73MUNICIPALITY OF GREATER AMMAN1226935.03MUNICIPALITY OF GREATER AMMAN811266.85MUNICIPALITY OF GREATER AMMAN159818.65MUNICIPALITY OF GREATER AMMAN73633.47MUNICIPALITY OF GREATER AMMAN73221.19MUNICIPALITY OF GREATER AMMAN110592.63MUNICIPALITY OF GREATER AMMAN227094.47MUNICIPALITY OF GREATER AMMAN884214.17MUNICIPALITY OF GREATER AMMAN297676.28MUNICIPALITY OF GREATER AMMAN68765.32MUNICIPALITY OF GREATER AMMANSTATESTATESTATESTATEThe Bank is providing up to USD 18 million loan to the Greater Amman Municipality ('GAM'), for the construction of a landfill gas recovery ('LFG') system at the Al Ghabawi landfill site of Amman under a design, build, and operate ('DBO') contract. The proposed investment, which comprises the installation of LFG recovery system on cells 1 & 3, generators and connection to the grid as well as leachate treatment facilities, will enable GAM to complete the critical investments designed to improve the quality of the service and environmental standards in Amman. The population of GAM is expected to more than double by 2025 due to a combination of high population growth and rapid refugee influx putting an ever increasing stress on the provision of already strained municipal services. Therefore, GAM needs to take prompt measures to ensure an adequate provision of basic services, including solid waste management services. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47046XI-IATI-EBRD-55339European Bank for Reconstruction and DevelopmentA senior secured loan of €2 million to be provided in two equal tranches to Addiko Bank Sarajevo ("ABSA") under the Western Balkans GEFF III REPower Residential programme ("GEFF III"). The loan proceeds will be used to provide financing to ABSA for gender-responsive on-lending to eligible sub-borrowers in the residential sector (individual residents, housing collectives and housing management companies, service providers, producers and vendors of green technologies and materials and construction companies) for investments supporting Green Economy Transition ("GET") - eligible residential renewable energies and energy efficient technologies.European Bank for Reconstruction and DevelopmentADDIKO BANK DD SARAJEVOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.356441000000ADDIKO BANK DD SARAJEVOPRIVATEPRIVATEPRIVATEA senior secured loan of €2 million to be provided in two equal tranches to Addiko Bank Sarajevo ("ABSA") under the Western Balkans GEFF III REPower Residential programme ("GEFF III"). The loan proceeds will be used to provide financing to ABSA for gender-responsive on-lending to eligible sub-borrowers in the residential sector (individual residents, housing collectives and housing management companies, service providers, producers and vendors of green technologies and materials and construction companies) for investments supporting Green Economy Transition ("GET") - eligible residential renewable energies and energy efficient technologies. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55339XI-IATI-EBRD-49416European Bank for Reconstruction and DevelopmentSovereign loan of up to EUR 79 million to the Government of Egypt to finance the Municipal Solid Waste Management ("MSWM") component of the integrated depollution programme for the Kitchener Drain, the main agricultural drain passing through three governorates in the Delta region. The proposed EBRD loan will finance the (i) purchase of equipment for primary waste collection (containers and tractors); (ii) rehabilitation and construction of up to 10 transfer stations; (iii) rehabilitation and construction of up to 6 waste treatment facilities; (iv) rehabilitation and construction of up to 5 sanitary landfills; and (v) closure and rehabilitation and existing open dumpsites which will be used for the new solid waste management facilities (the "Project"). The MSWM investment component is one of three components forming the integrated depollution programme of the Kitchener Drain. The other two components consist of (i) a wastewater expansion and plant rehabilitation project proposed to be financed by the EIB; and (ii) a drain infrastructure rehabilitation project, proposed to be financed by the Bank. The Kitchener Drain is one of the most severely polluted drains in Egypt causing significant environmental, economic and social harm. It extends 69 km and passes through the governorates of Kafr El Sheikh ("KES"), Gharbeya ("GHB") and Dekheila ("DKH") and discharges into the Mediterranean Sea. Pollution of the Kitchener Drain emanates from three main sources: (i) domestic wastewater (poorly treated and/or untreated) from numerous villages within the three governorates; (ii) uncontrolled municipal solid waste disposed of along the banks and into the drains; (iii) industrial wastewater discharge and (iv) fertilisers and pesticides discharges from the agricultural drainage system. The integrated programme will be the first programme in Egypt testing a new cross-sectoral approach that will support the depollution of the Mediterranean Sea and improve the health and environmental situation of the people living in the drain catchment area as well as strengthen the economy by improving the irrigation water quality in the three governorates. The Project will significantly improve the management of municipal solid waste (which includes collection, transportation, sorting, recycling and final disposal of waste) generated in the three targeted governorates, whose uncontrolled disposal represents a significant source of pollution in the Kitchener Drain which in turn has negative health implications on the population in the area. Accordingly, the Project will provide access to improved waste services to over 5 million people in the 11 districts of the three governorates pertaining to the catchment area in addition to rehabilitate and close the existing waste accumulations on the numerous open dump sites.European Bank for Reconstruction and DevelopmentEGYPT SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496752785403.5279000000EGYPT SOVEREIGN790000EGYPT SOVEREIGN7479766.4EGYPT SOVEREIGN1950075EGYPT SOVEREIGN493922.7EGYPT SOVEREIGN859599.6EGYPT SOVEREIGN177859.96EGYPT SOVEREIGN128421.3EGYPT SOVEREIGN1316553.3EGYPT SOVEREIGN2486164EGYPT SOVEREIGN147221.29EGYPT SOVEREIGN197126.1EGYPT SOVEREIGN228011.44EGYPT SOVEREIGN1289607.67EGYPT SOVEREIGN161954.06EGYPT SOVEREIGN1429338.24EGYPT SOVEREIGN303293EGYPT SOVEREIGN485554.27EGYPT SOVEREIGN178236.86EGYPT SOVEREIGN584625.26EGYPT SOVEREIGN214926.57EGYPT SOVEREIGN1240226.21EGYPT SOVEREIGN125417.57EGYPT SOVEREIGN554722.75EGYPT SOVEREIGN1851269.21EGYPT SOVEREIGN349136.07EGYPT SOVEREIGN1191567.65EGYPT SOVEREIGNSTATESTATESTATESTATESovereign loan of up to EUR 79 million to the Government of Egypt to finance the Municipal Solid Waste Management ("MSWM") component of the integrated depollution programme for the Kitchener Drain, the main agricultural drain passing through three governorates in the Delta region. The proposed EBRD loan will finance the (i) purchase of equipment for primary waste collection (containers and tractors); (ii) rehabilitation and construction of up to 10 transfer stations; (iii) rehabilitation and construction of up to 6 waste treatment facilities; (iv) rehabilitation and construction of up to 5 sanitary landfills; and (v) closure and rehabilitation and existing open dumpsites which will be used for the new solid waste management facilities (the "Project"). The MSWM investment component is one of three components forming the integrated depollution programme of the Kitchener Drain. The other two components consist of (i) a wastewater expansion and plant rehabilitation project proposed to be financed by the EIB; and (ii) a drain infrastructure rehabilitation project, proposed to be financed by the Bank. The Kitchener Drain is one of the most severely polluted drains in Egypt causing significant environmental, economic and social harm. It extends 69 km and passes through the governorates of Kafr El Sheikh ("KES"), Gharbeya ("GHB") and Dekheila ("DKH") and discharges into the Mediterranean Sea. Pollution of the Kitchener Drain emanates from three main sources: (i) domestic wastewater (poorly treated and/or untreated) from numerous villages within the three governorates; (ii) uncontrolled municipal solid waste disposed of along the banks and into the drains; (iii) industrial wastewater discharge and (iv) fertilisers and pesticides discharges from the agricultural drainage system. The integrated programme will be the first programme in Egypt testing a new cross-sectoral approach that will support the depollution of the Mediterranean Sea and improve the health and environmental situation of the people living in the drain catchment area as well as strengthen the economy by improving the irrigation water quality in the three governorates. The Project will significantly improve the management of municipal solid waste (which includes collection, transportation, sorting, recycling and final disposal of waste) generated in the three targeted governorates, whose uncontrolled disposal represents a significant source of pollution in the Kitchener Drain which in turn has negative health implications on the population in the area. Accordingly, the Project will provide access to improved waste services to over 5 million people in the 11 districts of the three governorates pertaining to the catchment area in addition to rehabilitate and close the existing waste accumulations on the numerous open dump sites. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49416XI-IATI-EBRD-47796European Bank for Reconstruction and DevelopmentThe EBRD is making an equity commitment of USD 20 million to Ezdehar Egypt Mid-Cap Fund (the "Fund"). The Fund is targeting USD 100 million of capital commitments and will make equity and equity-related investments into Small and Medium sized Enterprises ("SMEs") in Egypt. The Bank's participation will help mobilise additional private sector investment in the Fund.European Bank for Reconstruction and DevelopmentEZDEHAR EGYPT MID-CAP FUND COOPERATIEF UAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496745454.9417429452.83EZDEHAR EGYPT MID-CAP FUND COOPERATIEF UAPRIVATEPRIVATEPRIVATEThe EBRD is making an equity commitment of USD 20 million to Ezdehar Egypt Mid-Cap Fund (the "Fund"). The Fund is targeting USD 100 million of capital commitments and will make equity and equity-related investments into Small and Medium sized Enterprises ("SMEs") in Egypt. The Bank's participation will help mobilise additional private sector investment in the Fund. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47796XI-IATI-EBRD-53888European Bank for Reconstruction and DevelopmentProvision of a long-term senior loan to OTP Bank Serbia (OTP) for on-lending to small and medium-sized enterprises (SMEs). The project will contribute to the expansion of lending to private businesses through working capital lines and investment loans to SMEs, including enterprises operating in economically less-developed regions of the country. Furthermore, the transaction supports OTP's growth strategy and the diversification of its funding sources. The bank will aim to allocate up to 10% of the proceeds to Green Economy Transition (GET) eligible projects which are expected to come from investments in renewable energy and energy efficient projects.European Bank for Reconstruction and DevelopmentOTP BANKA SRBIJA ADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGNOVI SAD45.25167 19.8369425000000OTP BANKA SRBIJA ADPRIVATEPRIVATEPRIVATEProvision of a long-term senior loan to OTP Bank Serbia (OTP) for on-lending to small and medium-sized enterprises (SMEs). The project will contribute to the expansion of lending to private businesses through working capital lines and investment loans to SMEs, including enterprises operating in economically less-developed regions of the country. Furthermore, the transaction supports OTP's growth strategy and the diversification of its funding sources. The bank will aim to allocate up to 10% of the proceeds to Green Economy Transition (GET) eligible projects which are expected to come from investments in renewable energy and energy efficient projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53888XI-IATI-EBRD-51100European Bank for Reconstruction and DevelopmentProvision of a loan of up to EUR 6.1 million to Stara Zagora Water Supply and Sanitation Company ("Company"), a water utility serving the region of Stara Zagora. The Company is 100 per cent state-owned by the Ministry of Regional Development and Public Works. The loan will be funded by EBRD capital resources and the European Structural and Investment Funds and the national budget of the Republic of Bulgaria (jointly referred as "ESIF contributions"). The ESIF contributions are earmarked to be used in the form of repayable financial instruments. The proceeds of the loan will finance the rehabilitation of the water supply system and wastewater collection infrastructure serving the region of Stara Zagora, jointly with investment grants from the EU "Operational Programme Environment" 2014-2020 (the "Project"). The main objectives of the Project are: (a) to help the Company achieve compliance with the EU Urban Waste Water Treatment Directive in all agglomerations of more than 10,000 people serviced by the Company and (b) to improve the efficiency of water supply services, reduce the share of non-revenue water and fulfil the requirements of the EU Drinking Water Directive.European Bank for Reconstruction and DevelopmentWATER AND SEWAGE COMPANY OF THE CITY OF STARA ZAGORAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSTARA ZAGORA42.43276 25.641943700000WATER AND SEWAGE COMPANY OF THE CITY OF STARA ZAGORA1741594.63WATER AND SEWAGE COMPANY OF THE CITY OF STARA ZAGORA432500.4WATER AND SEWAGE COMPANY OF THE CITY OF STARA ZAGORA134793.42WATER AND SEWAGE COMPANY OF THE CITY OF STARA ZAGORA225485.6WATER AND SEWAGE COMPANY OF THE CITY OF STARA ZAGORA272386.91WATER AND SEWAGE COMPANY OF THE CITY OF STARA ZAGORA759250.62WATER AND SEWAGE COMPANY OF THE CITY OF STARA ZAGORASTATESTATESTATESTATEProvision of a loan of up to EUR 6.1 million to Stara Zagora Water Supply and Sanitation Company ("Company"), a water utility serving the region of Stara Zagora. The Company is 100 per cent state-owned by the Ministry of Regional Development and Public Works. The loan will be funded by EBRD capital resources and the European Structural and Investment Funds and the national budget of the Republic of Bulgaria (jointly referred as "ESIF contributions"). The ESIF contributions are earmarked to be used in the form of repayable financial instruments. The proceeds of the loan will finance the rehabilitation of the water supply system and wastewater collection infrastructure serving the region of Stara Zagora, jointly with investment grants from the EU "Operational Programme Environment" 2014-2020 (the "Project"). The main objectives of the Project are: (a) to help the Company achieve compliance with the EU Urban Waste Water Treatment Directive in all agglomerations of more than 10,000 people serviced by the Company and (b) to improve the efficiency of water supply services, reduce the share of non-revenue water and fulfil the requirements of the EU Drinking Water Directive. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51100XI-IATI-EBRD-55388European Bank for Reconstruction and DevelopmentA senior secured loan of up to €4 million to be provided in one tranche to Addiko Bank Sarajevo ("ABSA") under the FIF - SME Go Green Programme ("SME Go Green"). The loan proceeds will be used for providing sub-loans to eligible SMEs in BiH for improving their competitiveness and trade potential via targeted investments in sustainability practices and the adoption of internationally recognised quality standards, scaling up green economy investments and in particular, greening of agribusiness supply chains and promoting more equitable access to climate and other finance to women-led SMEs. The bank will aim to deliver at least 70 per cent of the proceeds to Green Economy Transition (GET) eligible projects.European Bank for Reconstruction and DevelopmentADDIKO BANK DD SARAJEVOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.356444000000ADDIKO BANK DD SARAJEVOPRIVATEPRIVATEPRIVATEA senior secured loan of up to €4 million to be provided in one tranche to Addiko Bank Sarajevo ("ABSA") under the FIF - SME Go Green Programme ("SME Go Green"). The loan proceeds will be used for providing sub-loans to eligible SMEs in BiH for improving their competitiveness and trade potential via targeted investments in sustainability practices and the adoption of internationally recognised quality standards, scaling up green economy investments and in particular, greening of agribusiness supply chains and promoting more equitable access to climate and other finance to women-led SMEs. The bank will aim to deliver at least 70 per cent of the proceeds to Green Economy Transition (GET) eligible projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55388XI-IATI-EBRD-56644European Bank for Reconstruction and DevelopmentProvision of a four-year senior loan of up to EUR 10 million in synthetic TND to Amen Bank ("the Loan"). The Loan will be provided under the Green Economy Financing Facility (GEFF) in Tunisia. The proceeds of the Loan will be on-lent to eligible Sub-borrowers implementing qualifying Sub-projects in line with the technical and financial eligibility criteria. The Loan will enable Amen Bank to enhance its product range and provide term financing to private sub-borrowers in the country for investments in climate change mitigation and adaptation technologies and services supporting Green Economy Transition.European Bank for Reconstruction and DevelopmentAMEN BANKEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTUNIS36.81897 10.1657910096652.99AMEN BANKPRIVATEPRIVATEPRIVATEProvision of a four-year senior loan of up to EUR 10 million in synthetic TND to Amen Bank ("the Loan"). The Loan will be provided under the Green Economy Financing Facility (GEFF) in Tunisia. The proceeds of the Loan will be on-lent to eligible Sub-borrowers implementing qualifying Sub-projects in line with the technical and financial eligibility criteria. The Loan will enable Amen Bank to enhance its product range and provide term financing to private sub-borrowers in the country for investments in climate change mitigation and adaptation technologies and services supporting Green Economy Transition. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56644XI-IATI-EBRD-53244European Bank for Reconstruction and DevelopmentThe provision of long-term senior debt of up to USD 19.3 million for the development, construction and operation of a wind power plant with an installed capacity of 100 MW on a site in the Karatau mountain region in the Qorao'zak District of Karakalpakstan, Republic of Uzbekistan. The Project will be developed by a newly established special purpose vehicle in Uzbekistan, which will act as the borrower for the project financing. The ACWA Power Company of Saudi Arabia (ACWA Power) will act as the sponsor for the project. The Project will add 100 MW of wind generation capacity to the Uzbekistan power system. The project will contribute to the strategic priority of the government of Uzbekistan to increase the share of renewable projects in the national energy mix, assisting the country in its low-carbon transition drive. The Project will also result in strong environmental benefits with estimated annual CO2 emissions savings of above 178,000 tonnes.European Bank for Reconstruction and DevelopmentFE ACWA POWER WIND KARATAU LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.21627346.6816868032.04FE ACWA POWER WIND KARATAU LLCPRIVATEPRIVATEPRIVATEThe provision of long-term senior debt of up to USD 19.3 million for the development, construction and operation of a wind power plant with an installed capacity of 100 MW on a site in the Karatau mountain region in the Qorao'zak District of Karakalpakstan, Republic of Uzbekistan. The Project will be developed by a newly established special purpose vehicle in Uzbekistan, which will act as the borrower for the project financing. The ACWA Power Company of Saudi Arabia (ACWA Power) will act as the sponsor for the project. The Project will add 100 MW of wind generation capacity to the Uzbekistan power system. The project will contribute to the strategic priority of the government of Uzbekistan to increase the share of renewable projects in the national energy mix, assisting the country in its low-carbon transition drive. The Project will also result in strong environmental benefits with estimated annual CO2 emissions savings of above 178,000 tonnes. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53244XI-IATI-EBRD-54595European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan to Capital Leasing Company ("CL") of up to USD 5 million, of which up to USD 3.75 million to be provided by EBRD and up to USD 1.25 million by the Green Climate Fund ("GCF") under the GCF-Green Economy Financing Facility ("GEFF") Regional Framework. Proceeds of the loan will be allocated to climate change mitigation and adaptation technologies by local micro, small and medium enterprises, including women-led, in line with the standards and reporting requirements for GEFF in Jordan.European Bank for Reconstruction and DevelopmentCAPITAL LEASING COMPANYEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGAMMAN31.95522 35.945033282850.39CAPITAL LEASING COMPANYPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan to Capital Leasing Company ("CL") of up to USD 5 million, of which up to USD 3.75 million to be provided by EBRD and up to USD 1.25 million by the Green Climate Fund ("GCF") under the GCF-Green Economy Financing Facility ("GEFF") Regional Framework. Proceeds of the loan will be allocated to climate change mitigation and adaptation technologies by local micro, small and medium enterprises, including women-led, in line with the standards and reporting requirements for GEFF in Jordan. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54595XI-IATI-EBRD-51784European Bank for Reconstruction and DevelopmentProvision of a sovereign loan for the acquisition of up to 15 new trams (the "project") for the Sarajevo Canton (the "Canton"). The project is part of the EBRD's Green Cities Framework 2 Window 2 (the"framework") and was identified as a priority project under the Canton's Green City Action Plan ("GCAP"). Parallel financiers might co-finance the project. The project aims to alleviate traffic congestion and minimise transport-based emissions and environmental pollution. Increasing the efficiency of tram operations will reduce the tram fleet's electricity consumption resulting, together with an effect from modality shift, in a reduction of tCO2e (tonnes of carbon dioxide equivalent) of Green House Gases ("GHG") emissions. The project is also a follow-on investment under the Sarajevo GCAP, which identified local air quality, lack of public transport infrastructure and current transport policies as priority challenges to address through investments and policy actions.European Bank for Reconstruction and DevelopmentBOSNIA AND HERZEGOVINA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.3564410000000BOSNIA AND HERZEGOVINA SOVEREIGN100000BOSNIA AND HERZEGOVINA SOVEREIGN9900000BOSNIA AND HERZEGOVINA SOVEREIGNSTATESTATESTATESTATEProvision of a sovereign loan for the acquisition of up to 15 new trams (the "project") for the Sarajevo Canton (the "Canton"). The project is part of the EBRD's Green Cities Framework 2 Window 2 (the"framework") and was identified as a priority project under the Canton's Green City Action Plan ("GCAP"). Parallel financiers might co-finance the project. The project aims to alleviate traffic congestion and minimise transport-based emissions and environmental pollution. Increasing the efficiency of tram operations will reduce the tram fleet's electricity consumption resulting, together with an effect from modality shift, in a reduction of tCO2e (tonnes of carbon dioxide equivalent) of Green House Gases ("GHG") emissions. The project is also a follow-on investment under the Sarajevo GCAP, which identified local air quality, lack of public transport infrastructure and current transport policies as priority challenges to address through investments and policy actions. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51784XI-IATI-EBRD-53936European Bank for Reconstruction and DevelopmentProvision of a sovereign guaranteed loan of EUR 300 million to the electricity branch of the Moroccan state-owned utility company, Office National de l'Electricite et de l'Eau Potable (ONEE, the "Company" or the "Borrower"). The loan proceeds will be used to provide liquidity to ONEE in order to improve the Company's financial resilience. The transaction will be structured as a Sustainability-Linked Loan (SLL) which will be the first one in the energy sector in the region. The loan will achieve the following objectives: (i) strengthen the financial position of ONEE as it will help restructure its balance sheet by providing long term finance and (ii) reduce ONEE's carbon footprint through the achievement of the Sustainability Performance Targets (SPTs) as set in the Sustainability Framework. EBRD loan proceeds are to be ring-fenced from the Company's fossil fuel assets. This will be the first SLL in the energy sector in the region with an expected strong demonstration impact on other utilities with fossil-fuel exposure in the region as well as towards other financial institutions who could replicate similar financing structures.European Bank for Reconstruction and DevelopmentOFFICE NATIONAL DE L ELECTRICITE ET DE L EAU POTABLEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGRABAT34.01325 -6.83255300000000OFFICE NATIONAL DE L ELECTRICITE ET DE L EAU POTABLE300000000OFFICE NATIONAL DE L ELECTRICITE ET DE L EAU POTABLESTATESTATESTATESTATEProvision of a sovereign guaranteed loan of EUR 300 million to the electricity branch of the Moroccan state-owned utility company, Office National de l'Electricite et de l'Eau Potable (ONEE, the "Company" or the "Borrower"). The loan proceeds will be used to provide liquidity to ONEE in order to improve the Company's financial resilience. The transaction will be structured as a Sustainability-Linked Loan (SLL) which will be the first one in the energy sector in the region. The loan will achieve the following objectives: (i) strengthen the financial position of ONEE as it will help restructure its balance sheet by providing long term finance and (ii) reduce ONEE's carbon footprint through the achievement of the Sustainability Performance Targets (SPTs) as set in the Sustainability Framework. EBRD loan proceeds are to be ring-fenced from the Company's fossil fuel assets. This will be the first SLL in the energy sector in the region with an expected strong demonstration impact on other utilities with fossil-fuel exposure in the region as well as towards other financial institutions who could replicate similar financing structures. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53936XI-IATI-EBRD-54674European Bank for Reconstruction and DevelopmentProvision of a loan of up to EUR 110 million to Nador West Med Betoya Industriel & Logistic Zone ("NWM BILZ" or the "Client"), a wholly owned subsidiary of Nador West Med S.A ("NWM"). The loan proceeds will be used to finance the development of a greenfield economic zone with Nador West Med complex, located near the city of Nador in the Oriental Region. Investments include: land development works for the industrial and logistics platforms, construction of a wastewater treatment plant, construction of a desalination plant, energy-efficient street lighting installation and installation of an electrical pole (the "Project"). The Bank's loan will be supplemented by an investment grant of EUR 5 million from EBRD Shareholder Special Fund ("SSF"), an investment grant of USD 3 million from the United Kingdom under the High Impact Partnership on Climate Action multi-donor fund ("HIPCA") and USD 2.5 million from the Global Environment Facility ("GEF") under the Financing Advanced Environmental Technologies in the Mediterranean Sea Region for Water Systems and Clean Coasts ("ENVITECC") Programme. The Project is a follow-on to the Bank's existing project with the Client's parent company NWM. In 2015, the Bank approved a sovereign-guaranteed loan of EUR 200 million toNWM to finance the construction works of the port infrastructure). In 2022, the Bank approved an additional financing of EUR 100 million to NWM to close a financing gap (Nador West Med Port (ebrd.com)) The Project is expected to attract foreign direct investment into the Region, enhance the competitiveness of its local enterprises, support the development of industrial ecosystems in the port's hinterland, and further private sector development. This will open up employment opportunities for the local population, contributing to reducing regional disparities and ensuring a resilient and inclusive territorial area. The development of NWM economic zone will emphasize climate adaptation angles and green investment wherever possible. The focus will be on energy efficiency, such as energy/resource use efficiency, to set resilient, inclusive, and sustainable territorial development, which is one of the strategic pathways to achieve the overall growth ambition formulated by Morocco.European Bank for Reconstruction and DevelopmentNADOR WEST MED BETOYA INDUSTRIEL AND LOGISTIC ZONEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGNADOR35.16813 -2.9335282308093.97110000000NADOR WEST MED BETOYA INDUSTRIEL AND LOGISTIC ZONE1100000NADOR WEST MED BETOYA INDUSTRIEL AND LOGISTIC ZONE3774098.07NADOR WEST MED BETOYA INDUSTRIEL AND LOGISTIC ZONE6392293.32NADOR WEST MED BETOYA INDUSTRIEL AND LOGISTIC ZONE833305.26NADOR WEST MED BETOYA INDUSTRIEL AND LOGISTIC ZONE374646.74NADOR WEST MED BETOYA INDUSTRIEL AND LOGISTIC ZONE1677283.4NADOR WEST MED BETOYA INDUSTRIEL AND LOGISTIC ZONE2437697.76NADOR WEST MED BETOYA INDUSTRIEL AND LOGISTIC ZONE441079.52NADOR WEST MED BETOYA INDUSTRIEL AND LOGISTIC ZONE795883.43NADOR WEST MED BETOYA INDUSTRIEL AND LOGISTIC ZONE2958183.76NADOR WEST MED BETOYA INDUSTRIEL AND LOGISTIC ZONE1306802.34NADOR WEST MED BETOYA INDUSTRIEL AND LOGISTIC ZONE2818870.52NADOR WEST MED BETOYA INDUSTRIEL AND LOGISTIC ZONE2781761.91NADOR WEST MED BETOYA INDUSTRIEL AND LOGISTIC ZONESTATESTATESTATESTATEProvision of a loan of up to EUR 110 million to Nador West Med Betoya Industriel & Logistic Zone ("NWM BILZ" or the "Client"), a wholly owned subsidiary of Nador West Med S.A ("NWM"). The loan proceeds will be used to finance the development of a greenfield economic zone with Nador West Med complex, located near the city of Nador in the Oriental Region. Investments include: land development works for the industrial and logistics platforms, construction of a wastewater treatment plant, construction of a desalination plant, energy-efficient street lighting installation and installation of an electrical pole (the "Project"). The Bank's loan will be supplemented by an investment grant of EUR 5 million from EBRD Shareholder Special Fund ("SSF"), an investment grant of USD 3 million from the United Kingdom under the High Impact Partnership on Climate Action multi-donor fund ("HIPCA") and USD 2.5 million from the Global Environment Facility ("GEF") under the Financing Advanced Environmental Technologies in the Mediterranean Sea Region for Water Systems and Clean Coasts ("ENVITECC") Programme. The Project is a follow-on to the Bank's existing project with the Client's parent company NWM. In 2015, the Bank approved a sovereign-guaranteed loan of EUR 200 million toNWM to finance the construction works of the port infrastructure). In 2022, the Bank approved an additional financing of EUR 100 million to NWM to close a financing gap (Nador West Med Port (ebrd.com)) The Project is expected to attract foreign direct investment into the Region, enhance the competitiveness of its local enterprises, support the development of industrial ecosystems in the port's hinterland, and further private sector development. This will open up employment opportunities for the local population, contributing to reducing regional disparities and ensuring a resilient and inclusive territorial area. The development of NWM economic zone will emphasize climate adaptation angles and green investment wherever possible. The focus will be on energy efficiency, such as energy/resource use efficiency, to set resilient, inclusive, and sustainable territorial development, which is one of the strategic pathways to achieve the overall growth ambition formulated by Morocco. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54674XI-IATI-EBRD-51055European Bank for Reconstruction and DevelopmentA senior loans of up to EUR 21.8 million on a project finance basis to a special purpose vehicle owned by Total Eren S.A., for the sole purpose of development, construction and operation of a solar photovoltaic power plant with a capacity of up to 100 MWac/131 MWp located in the Samarkand region of Uzbekistan (the Project). Samarkand SPP is among the first private solar projects in Uzbekistan which will pave the way for a pipeline of renewable projects in the country. It will contribute to climate mitigation by adding 131 MWp solar generation capacity to the national energy system and will assist the country in low-carbon transition, reducing its current high reliance on thermal power generation.European Bank for Reconstruction and DevelopmentTUTLY SOLAR LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.21627258358521849491TUTLY SOLAR LLCPRIVATEPRIVATEPRIVATEA senior loans of up to EUR 21.8 million on a project finance basis to a special purpose vehicle owned by Total Eren S.A., for the sole purpose of development, construction and operation of a solar photovoltaic power plant with a capacity of up to 100 MWac/131 MWp located in the Samarkand region of Uzbekistan (the Project). Samarkand SPP is among the first private solar projects in Uzbekistan which will pave the way for a pipeline of renewable projects in the country. It will contribute to climate mitigation by adding 131 MWp solar generation capacity to the national energy system and will assist the country in low-carbon transition, reducing its current high reliance on thermal power generation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51055XI-IATI-EBRD-57142European Bank for Reconstruction and DevelopmentThe provision of a senior unsecured loan of up to US$ 40 million in US dollars or MNT equivalent to Khan Bank JSC ("KB" or the "Company") ("YiB loan") under the Youth in Business Programme in Central Asia ("YiB CA Programme"). The financing will be used for on- lending to eligible youth-led and youth-owned private micro, small and medium sized enterprises ("Youth MSMEs") in Mongolia. The YiB loan will be provided in two tranches, Tranche A of up to US$ 15 million and an uncommitted Tranche B of up US$ 25 million. The proposed loan will enable KB to (i) support youth led/owned MSMEs in overcoming the challenges of a difficult market environment and strengthening their resilience and adaptability; (ii) diversify its funding base; and (iii) continue to offer a product encompassing both financing and non-financial services ("NFS") targeted at young entrepreneurs, thereby improving their access to finance.European Bank for Reconstruction and DevelopmentKHAN BANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGULAANBAATAR47.90771 106.8832413131401.5613131401.56KHAN BANK JSCPRIVATEPRIVATEPRIVATEThe provision of a senior unsecured loan of up to US$ 40 million in US dollars or MNT equivalent to Khan Bank JSC ("KB" or the "Company") ("YiB loan") under the Youth in Business Programme in Central Asia ("YiB CA Programme"). The financing will be used for on- lending to eligible youth-led and youth-owned private micro, small and medium sized enterprises ("Youth MSMEs") in Mongolia. The YiB loan will be provided in two tranches, Tranche A of up to US$ 15 million and an uncommitted Tranche B of up US$ 25 million. The proposed loan will enable KB to (i) support youth led/owned MSMEs in overcoming the challenges of a difficult market environment and strengthening their resilience and adaptability; (ii) diversify its funding base; and (iii) continue to offer a product encompassing both financing and non-financial services ("NFS") targeted at young entrepreneurs, thereby improving their access to finance. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57142XI-IATI-EBRD-50957European Bank for Reconstruction and DevelopmentThe provision of a senior debt financing of up to € 44 million, in addition to a subordinated loan of up to € 5.7 million in local currency equivalent, to finance the repowering of a 50MW wind farm located in the region of Tlat Taghramt near Tangier in northern Morocco. The Project will be the first repowering project in the region and will increase the wind farm capacity to 100 MW. The Project will further promote public-private partnerships in the Moroccan power sector and increase the share of renewables in the energy mix in line with the country's green energy transition agenda. The Project is expected to further reduce Morocco's reliance on costly hydrocarbon imports and will result in substantial emissions reduction of over 300,000 tonnes CO2 per year.European Bank for Reconstruction and DevelopmentKOUDIA AL BAIDA ENERGY COMPANY SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCASABLANCA33.58831 -7.6113844000000KOUDIA AL BAIDA ENERGY COMPANY SAPRIVATEPRIVATEPRIVATEThe provision of a senior debt financing of up to € 44 million, in addition to a subordinated loan of up to € 5.7 million in local currency equivalent, to finance the repowering of a 50MW wind farm located in the region of Tlat Taghramt near Tangier in northern Morocco. The Project will be the first repowering project in the region and will increase the wind farm capacity to 100 MW. The Project will further promote public-private partnerships in the Moroccan power sector and increase the share of renewables in the energy mix in line with the country's green energy transition agenda. The Project is expected to further reduce Morocco's reliance on costly hydrocarbon imports and will result in substantial emissions reduction of over 300,000 tonnes CO2 per year. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50957XI-IATI-EBRD-54768European Bank for Reconstruction and DevelopmentProvision of up to EUR 20 million of an unfunded Guarantee for Growth (G4G) in favour of Raiffeisen Bank Kosovo JSC (RBKO), a joint stock company incorporated in Kosovo. The Guarantee will have an initial tenor of three years. The Guarantee covers the risk of non-payment of selected Kosovo government bonds held by RBKO, enabling the client to making new sub-loans to private sector borrowers at a multiple of the guaranteed amount. At least 20% of the guaranteed amount will be allocated towards Green Economy Transition (GET) eligible sub-projects.European Bank for Reconstruction and DevelopmentRAIFFEISEN BANK KOSOVO SHAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRISTINA42.67272 21.166882000000020000000RAIFFEISEN BANK KOSOVO SHAPRIVATEPRIVATEPRIVATEProvision of up to EUR 20 million of an unfunded Guarantee for Growth (G4G) in favour of Raiffeisen Bank Kosovo JSC (RBKO), a joint stock company incorporated in Kosovo. The Guarantee will have an initial tenor of three years. The Guarantee covers the risk of non-payment of selected Kosovo government bonds held by RBKO, enabling the client to making new sub-loans to private sector borrowers at a multiple of the guaranteed amount. At least 20% of the guaranteed amount will be allocated towards Green Economy Transition (GET) eligible sub-projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54768XI-IATI-EBRD-56132European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to EUR 25 million in favour of Societe Generale Marocaine de Banques("SGMB"), as part of a EUR 55m "GEFF +" Package (including also a EUR 30 million MidGEFF loan). Up to EUR 6.25 million is expected to be co-financed by the Green Climate Fund ("GCF") and a comprehensive incentive grants and technical assistance package will be funded by the European Union,ias part of the Morocco Decarbonisation and Climate Resilience Programme ("MDCR"), as well as the GCF. The proceeds of the loan will be used by SGMB for on-lending to private companies to finance their climate change mitigation and adaptation investments in a gender-responsive way. The project will promote a green economy in Morocco by supporting private sector Moroccan MSMEs and Midcaps implementing climate change adaptation and mitigation investments in a gender-responsive way. The project will specifically target, among other things: small-scale renewable energy, energy efficiency, green buildings, circular economy, climate adaptation investments (with a particular focus on water efficiency and sustainable land management), digitalisation and blue economy investments.European Bank for Reconstruction and DevelopmentSAHAM BANKEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCASABLANCA33.58831 -7.611381875000018750000SAHAM BANKPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to EUR 25 million in favour of Societe Generale Marocaine de Banques("SGMB"), as part of a EUR 55m "GEFF +" Package (including also a EUR 30 million MidGEFF loan). Up to EUR 6.25 million is expected to be co-financed by the Green Climate Fund ("GCF") and a comprehensive incentive grants and technical assistance package will be funded by the European Union,ias part of the Morocco Decarbonisation and Climate Resilience Programme ("MDCR"), as well as the GCF. The proceeds of the loan will be used by SGMB for on-lending to private companies to finance their climate change mitigation and adaptation investments in a gender-responsive way. The project will promote a green economy in Morocco by supporting private sector Moroccan MSMEs and Midcaps implementing climate change adaptation and mitigation investments in a gender-responsive way. The project will specifically target, among other things: small-scale renewable energy, energy efficiency, green buildings, circular economy, climate adaptation investments (with a particular focus on water efficiency and sustainable land management), digitalisation and blue economy investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56132XI-IATI-EBRD-53531European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to EUR 5m to be provided in two tranches of EUR 3m and EUR 2m under the Go Digital Pilot in BiH programme (the "Programme"). The second tranche of EUR 2m will be uncommitted and its commitment will be at EBRD's sole discretion. This will be the first transaction under the Programme. The loan will be fully guaranteed by the sole shareholder, ProCredit Holding AG & Co. KGaA. The Programme is supported with donor funds in the total amount of EUR 9m from the European Union. The Project supports the aim of the Programme to: (i) improve SMEs' access to finance in order to invest additional resources to introduce EU standards through the provision of financing and investment incentives; (ii) pilot an approach to supporting SMEs that invest in automation and digitalisation, (iii) support transition to a green economy ("GET technologies"), by targeting a GET-eligible share of at least 60%, and (iv) increase the awareness and knowledge of SMEs in BiH through the Advice for Small Business ("ASB") services with a focus on automation and digitalisation projects.European Bank for Reconstruction and DevelopmentPROCREDIT BANK DDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.356445000000PROCREDIT BANK DDPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to EUR 5m to be provided in two tranches of EUR 3m and EUR 2m under the Go Digital Pilot in BiH programme (the "Programme"). The second tranche of EUR 2m will be uncommitted and its commitment will be at EBRD's sole discretion. This will be the first transaction under the Programme. The loan will be fully guaranteed by the sole shareholder, ProCredit Holding AG & Co. KGaA. The Programme is supported with donor funds in the total amount of EUR 9m from the European Union. The Project supports the aim of the Programme to: (i) improve SMEs' access to finance in order to invest additional resources to introduce EU standards through the provision of financing and investment incentives; (ii) pilot an approach to supporting SMEs that invest in automation and digitalisation, (iii) support transition to a green economy ("GET technologies"), by targeting a GET-eligible share of at least 60%, and (iv) increase the awareness and knowledge of SMEs in BiH through the Advice for Small Business ("ASB") services with a focus on automation and digitalisation projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53531XI-IATI-EBRD-57161European Bank for Reconstruction and DevelopmentProvision of a construction bridge loan of up to USD 65 million to HAU Energy B.V (HAU Energy) to partially cover the funding requirements of the engineering, design, procurement, construction, installation, test and commissioning of a solar PV plant with a 200 MW installed capacity and a Battery Energy Storage Solution (BESS) with a 120 MWh capacity in Benban, near Aswan in Egypt. The Project will add 200 MW of solar capacity and 120 MWh of BESS to the power system of Egypt. The Project will support the Egyptian Government in achieving its renewable energy target and will be among the first batch of BESS projects in the country, developed under the 10 GW renewables target set under the Bank-led Energy Pillar of the NWFE initiative.European Bank for Reconstruction and DevelopmentHASSAN ALLAM UTILITIES ENERGY BVEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496711380548.0256902740.09HASSAN ALLAM UTILITIES ENERGY BVPRIVATEPRIVATEPRIVATEProvision of a construction bridge loan of up to USD 65 million to HAU Energy B.V (HAU Energy) to partially cover the funding requirements of the engineering, design, procurement, construction, installation, test and commissioning of a solar PV plant with a 200 MW installed capacity and a Battery Energy Storage Solution (BESS) with a 120 MWh capacity in Benban, near Aswan in Egypt. The Project will add 200 MW of solar capacity and 120 MWh of BESS to the power system of Egypt. The Project will support the Egyptian Government in achieving its renewable energy target and will be among the first batch of BESS projects in the country, developed under the 10 GW renewables target set under the Bank-led Energy Pillar of the NWFE initiative. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57161XI-IATI-EBRD-49955European Bank for Reconstruction and DevelopmentThe EBRD invested EUR 100 million in a subordinated bond issued by Banca Transilvania as part of a total aggregate issuance of EUR 285 million. This is the first subordinated bond listed on the local market and is compliant with the European Union's Capital Requirements Regulation and Capital Requirements Directive IV (commonly referred to as CRR/CRD IV or Basel III). With this investment, EBRD is seeking to support the optimisation of Banca Transilvania's capital structure by increasing the weight of Tier 2 instruments and MREL-eligible funding base, in line with the regulatory requirements to be defined at European and local level.European Bank for Reconstruction and DevelopmentBANCA TRANSILVANIA SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCLUJ-NAPOCA46.76667 23.6100000000BANCA TRANSILVANIA SAPRIVATEPRIVATEPRIVATEThe EBRD invested EUR 100 million in a subordinated bond issued by Banca Transilvania as part of a total aggregate issuance of EUR 285 million. This is the first subordinated bond listed on the local market and is compliant with the European Union's Capital Requirements Regulation and Capital Requirements Directive IV (commonly referred to as CRR/CRD IV or Basel III). With this investment, EBRD is seeking to support the optimisation of Banca Transilvania's capital structure by increasing the weight of Tier 2 instruments and MREL-eligible funding base, in line with the regulatory requirements to be defined at European and local level. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49955XI-IATI-EBRD-53964European Bank for Reconstruction and DevelopmentProvision of a long-term senior loan to Raiffeisen Leasing Serbia ("RLS" or the "Company") up to EUR 45 million under the Financial Intermediaries Framework ("FIF") for on lending to micro, small and medium-sized enterprises ("MSME"). The loan will be fully guaranteed by the parent, Raiffeisen Bank Serbia ("RBS" or the "Guarantor"). The loan is intended to facilitate the expansion of lending to private businesses through lease financing, including to enterprises operating in less economically developed regions of the country. Furthermore, the transaction supports RLS's growth strategy and provides a source of medium term funding.European Bank for Reconstruction and DevelopmentRAIFFEISEN LEASING DOO BEOGRADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651345000000RAIFFEISEN LEASING DOO BEOGRADPRIVATEPRIVATEPRIVATEProvision of a long-term senior loan to Raiffeisen Leasing Serbia ("RLS" or the "Company") up to EUR 45 million under the Financial Intermediaries Framework ("FIF") for on lending to micro, small and medium-sized enterprises ("MSME"). The loan will be fully guaranteed by the parent, Raiffeisen Bank Serbia ("RBS" or the "Guarantor"). The loan is intended to facilitate the expansion of lending to private businesses through lease financing, including to enterprises operating in less economically developed regions of the country. Furthermore, the transaction supports RLS's growth strategy and provides a source of medium term funding. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53964XI-IATI-EBRD-52773European Bank for Reconstruction and DevelopmentThe provision of a senior secured loan of up to USD 150 million on a project finance basis to finance the development, design, construction and operation of the 500 MW Dzhankeldy WPP located in the Peshku district, Bukhara region of Uzbekistan. The project also entails B loans for the account of the expected B Lenders. This is one of the pilot wind projects developed by ACWA Power and the Government of Uzbekistan under the Government's efforts to attract private investment to the generation sector. The project will be highly representative in terms of energy supply diversification, increased use of renewables potential and attracting private investment. It will assist the country in its low-carbon transition, reducing its current high reliance on thermal power generation.European Bank for Reconstruction and DevelopmentACWA POWER DZHANKELDY WIND FE LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.21627131314015.59ACWA POWER DZHANKELDY WIND FE LLCPRIVATEPRIVATEPRIVATEThe provision of a senior secured loan of up to USD 150 million on a project finance basis to finance the development, design, construction and operation of the 500 MW Dzhankeldy WPP located in the Peshku district, Bukhara region of Uzbekistan. The project also entails B loans for the account of the expected B Lenders. This is one of the pilot wind projects developed by ACWA Power and the Government of Uzbekistan under the Government's efforts to attract private investment to the generation sector. The project will be highly representative in terms of energy supply diversification, increased use of renewables potential and attracting private investment. It will assist the country in its low-carbon transition, reducing its current high reliance on thermal power generation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52773XI-IATI-EBRD-47544European Bank for Reconstruction and DevelopmentThe EBRD is considering a financing package of up to USD 60 million to Bank Audi sae. The facility will comprise (i) a senior loan for on-lending to private small and medium enterprises ('SMEs') for up to USD 30 million; and (ii) up to USD 30 million trade finance limit for guarantees and cash advances. Null ValueEuropean Bank for Reconstruction and DevelopmentFAB MISR SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496713303271.75FAB MISR SAEPRIVATEPRIVATEPRIVATEThe EBRD is considering a financing package of up to USD 60 million to Bank Audi sae. The facility will comprise (i) a senior loan for on-lending to private small and medium enterprises ('SMEs') for up to USD 30 million; and (ii) up to USD 30 million trade finance limit for guarantees and cash advances. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47544XI-IATI-EBRD-56001European Bank for Reconstruction and DevelopmentProvision of a senior loan in the amount of up to €40 million, under the the WB Green Outcomes-Linked Debt Financing Framework ("GOLD" or the "Framework"), to Unicredit Leasing Serbia ("UCL"). The loan will be fully guaranteed by UniCredit Bank Serbia ("UCB"). The proceeds of the Bank's investment will be used for providing leases to eligible small and medium-sized enterprises (SMEs) and Midcaps in Serbia in support of their business expansion and Green Economy Transition ("GET") eligible investments. At least 30% of the total investment will be GET eligible.European Bank for Reconstruction and DevelopmentUNICREDIT LEASING SERBIA DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651330000000UNICREDIT LEASING SERBIA DOOPRIVATEPRIVATEPRIVATEProvision of a senior loan in the amount of up to €40 million, under the the WB Green Outcomes-Linked Debt Financing Framework ("GOLD" or the "Framework"), to Unicredit Leasing Serbia ("UCL"). The loan will be fully guaranteed by UniCredit Bank Serbia ("UCB"). The proceeds of the Bank's investment will be used for providing leases to eligible small and medium-sized enterprises (SMEs) and Midcaps in Serbia in support of their business expansion and Green Economy Transition ("GET") eligible investments. At least 30% of the total investment will be GET eligible. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56001XI-IATI-EBRD-50006European Bank for Reconstruction and DevelopmentThe Bank will provide a sovereign guaranteed loan of up to USD 90 million in KZT equivalent to JSC KazAvtoZhol, 100 per cent state-owned national road operator, for reconstruction of a 67 km long Kurty-Kapshagai road section of the Almaty-Astana highway, Centre-South transport corridor in Kazakhstan. The loan is a second extension under the Kurty Burybaital project. In 2016, the Bank provided a USD 103 million financing for the improvement of an 81 km long section of the Almaty-Astana highway between villages of Kurty and Buribaytal and subsequently a USD 86 million extension for the improvement of an adjacent 62 km long section. * Reconstruction of the last 67 km long Kurty-Kapshagai road section of the Almaty-Astana highway. * Contribution to the improved inter-regional connectivity, increased road capacity, reduced travel time and proper safety standards.European Bank for Reconstruction and DevelopmentKAZAVTOZHOL JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGASTANA51.1801 71.445984143521.7162403307.8KAZAVTOZHOL JSC6094789.9KAZAVTOZHOL JSC154923.57KAZAVTOZHOL JSC101904.08KAZAVTOZHOL JSC2591281.26KAZAVTOZHOL JSC593801.82KAZAVTOZHOL JSC526873.5KAZAVTOZHOL JSC549442.29KAZAVTOZHOL JSC50992.12KAZAVTOZHOL JSC1193530.84KAZAVTOZHOL JSC699065.72KAZAVTOZHOL JSC1604596.88KAZAVTOZHOL JSC1791628.58KAZAVTOZHOL JSC11205.71KAZAVTOZHOL JSC242938.91KAZAVTOZHOL JSC23994.46KAZAVTOZHOL JSC1201156.98KAZAVTOZHOL JSC95852.98KAZAVTOZHOL JSC25568.24KAZAVTOZHOL JSC1325797.17KAZAVTOZHOL JSC26081.62KAZAVTOZHOL JSC27508.41KAZAVTOZHOL JSC1537274.6KAZAVTOZHOL JSC85343.96KAZAVTOZHOL JSC38962.55KAZAVTOZHOL JSC40111.31KAZAVTOZHOL JSC639208.09KAZAVTOZHOL JSC23255.1KAZAVTOZHOL JSC41250.21KAZAVTOZHOL JSC23002.02KAZAVTOZHOL JSC39766.13KAZAVTOZHOL JSC1092178.82KAZAVTOZHOL JSC2662306.03KAZAVTOZHOL JSC24317.21KAZAVTOZHOL JSC37116.5KAZAVTOZHOL JSC23618.61KAZAVTOZHOL JSC24252.05KAZAVTOZHOL JSC646708.43KAZAVTOZHOL JSC24349.79KAZAVTOZHOL JSC34705.78KAZAVTOZHOL JSC575422KAZAVTOZHOL JSC23799.59KAZAVTOZHOL JSC779222.79KAZAVTOZHOL JSC80332.22KAZAVTOZHOL JSC1845283.65KAZAVTOZHOL JSC23129.94KAZAVTOZHOL JSC38028.67KAZAVTOZHOL JSC38991.51KAZAVTOZHOL JSC895742.84KAZAVTOZHOL JSC24454.76KAZAVTOZHOL JSC39042.19KAZAVTOZHOL JSC801629.55KAZAVTOZHOL JSC24745.36KAZAVTOZHOL JSC767729.81KAZAVTOZHOL JSC63671.08KAZAVTOZHOL JSC1027426.29KAZAVTOZHOL JSC38701.94KAZAVTOZHOL JSC638936.52KAZAVTOZHOL JSC38868.44KAZAVTOZHOL JSC573265.64KAZAVTOZHOL JSC67671.25KAZAVTOZHOL JSC20024.23KAZAVTOZHOL JSC16882.33KAZAVTOZHOL JSC633255.67KAZAVTOZHOL JSC17454.24KAZAVTOZHOL JSC9230.26KAZAVTOZHOL JSC17454.24KAZAVTOZHOL JSC19524.71KAZAVTOZHOL JSC579031.54KAZAVTOZHOL JSC15629.91KAZAVTOZHOL JSC577745.14KAZAVTOZHOL JSC18351.93KAZAVTOZHOL JSC533797.38KAZAVTOZHOL JSC28378.52KAZAVTOZHOL JSC24414.94KAZAVTOZHOL JSC821438.67KAZAVTOZHOL JSC28675.34KAZAVTOZHOL JSC24414.94KAZAVTOZHOL JSC533542.21KAZAVTOZHOL JSC29435.48KAZAVTOZHOL JSC29290.69KAZAVTOZHOL JSC23593.27KAZAVTOZHOL JSC554429.24KAZAVTOZHOL JSC29001.11KAZAVTOZHOL JSC584510.82KAZAVTOZHOL JSC79973KAZAVTOZHOL JSC21899.24KAZAVTOZHOL JSC21899.24KAZAVTOZHOL JSC21215.12KAZAVTOZHOL JSC21899.24KAZAVTOZHOL JSC44725.13KAZAVTOZHOL JSC75035.55KAZAVTOZHOL JSC1617827.7KAZAVTOZHOL JSC21996.98KAZAVTOZHOL JSC6467336.02KAZAVTOZHOL JSC38108.3KAZAVTOZHOL JSC573730.38KAZAVTOZHOL JSC970586.82KAZAVTOZHOL JSC21899.24KAZAVTOZHOL JSC440496.53KAZAVTOZHOL JSC291191.49KAZAVTOZHOL JSC144697.58KAZAVTOZHOL JSC17957.38KAZAVTOZHOL JSC845308.45KAZAVTOZHOL JSC476375.81KAZAVTOZHOL JSC1012117.56KAZAVTOZHOL JSC20115.53KAZAVTOZHOL JSC70611.66KAZAVTOZHOL JSC802071.5KAZAVTOZHOL JSC614822.71KAZAVTOZHOL JSC45350.99KAZAVTOZHOL JSC814034.67KAZAVTOZHOL JSC38166.22KAZAVTOZHOL JSC1488879.56KAZAVTOZHOL JSC6738.83KAZAVTOZHOL JSC35545.55KAZAVTOZHOL JSC445083.84KAZAVTOZHOL JSC98691.38KAZAVTOZHOL JSC319570.8KAZAVTOZHOL JSC31614.54KAZAVTOZHOL JSC563431.93KAZAVTOZHOL JSC92514.54KAZAVTOZHOL JSCSTATESTATESTATESTATEThe Bank will provide a sovereign guaranteed loan of up to USD 90 million in KZT equivalent to JSC KazAvtoZhol, 100 per cent state-owned national road operator, for reconstruction of a 67 km long Kurty-Kapshagai road section of the Almaty-Astana highway, Centre-South transport corridor in Kazakhstan. The loan is a second extension under the Kurty Burybaital project. In 2016, the Bank provided a USD 103 million financing for the improvement of an 81 km long section of the Almaty-Astana highway between villages of Kurty and Buribaytal and subsequently a USD 86 million extension for the improvement of an adjacent 62 km long section. * Reconstruction of the last 67 km long Kurty-Kapshagai road section of the Almaty-Astana highway. * Contribution to the improved inter-regional connectivity, increased road capacity, reduced travel time and proper safety standards. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50006XI-IATI-EBRD-53748European Bank for Reconstruction and DevelopmentProvision of a EUR 60 million senior preferred unsecured loan to ProCredit Bank (Bulgaria) EAD ("PCBB"). The loan will have two equal tranches of EUR 30 million each. The proposed Project aims to support the resilience of PCBB, a recognised SME-dedicated bank in Bulgaria, in a challenging market environment and to finance businesses in Bulgaria directly or indirectly affected by economic consequences of the war on Ukraine, with the ultimate goal of preserving livelihoods in the country.European Bank for Reconstruction and DevelopmentPROCREDIT BANK BULGARIA EADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSOFIA42.69751 23.3241560000000PROCREDIT BANK BULGARIA EADPRIVATEPRIVATEPRIVATEProvision of a EUR 60 million senior preferred unsecured loan to ProCredit Bank (Bulgaria) EAD ("PCBB"). The loan will have two equal tranches of EUR 30 million each. The proposed Project aims to support the resilience of PCBB, a recognised SME-dedicated bank in Bulgaria, in a challenging market environment and to finance businesses in Bulgaria directly or indirectly affected by economic consequences of the war on Ukraine, with the ultimate goal of preserving livelihoods in the country. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53748XI-IATI-EBRD-54550European Bank for Reconstruction and DevelopmentThe provision of a long-term, senior loan up to USD 60.9 million, for the development, design, construction and operation of a 500MW solar photovoltaic power plant and 668 MWh battery energy storage system (BESS) located in the Samarkand region in Uzbekistan in addition to the interconnection facilities (the "Project"). ACWA Power Sazagan Solar 1 FE LLC, a special purpose vehicle established in Uzbekistan, will act as the borrower. ACWA Power will act as the sponsor for the Project. Sumitomo Corporation, Shikoku Electric Power Company and Chubu Electric Company will be co-sponsors. The Project will add 500 MW of solar generation capacity and 668 MWh of BESS to the power system of Uzbekistan. The Project will help to improve reliability of intermittent solar power generation in Uzbekistan by introducing battery storage. The Project is among the largest in Central Asia. Successful implementation of the Project will pave the way for broader implementation of renewable projects as BESS helps mitigate intermittence constraints of renewables' capacity.European Bank for Reconstruction and DevelopmentACWA POWER SAZAGAN SOLAR 1 FE LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSAMARKAND39.65417 66.9597253356099.9753356099.97ACWA POWER SAZAGAN SOLAR 1 FE LLCPRIVATEPRIVATEPRIVATEThe provision of a long-term, senior loan up to USD 60.9 million, for the development, design, construction and operation of a 500MW solar photovoltaic power plant and 668 MWh battery energy storage system (BESS) located in the Samarkand region in Uzbekistan in addition to the interconnection facilities (the "Project"). ACWA Power Sazagan Solar 1 FE LLC, a special purpose vehicle established in Uzbekistan, will act as the borrower. ACWA Power will act as the sponsor for the Project. Sumitomo Corporation, Shikoku Electric Power Company and Chubu Electric Company will be co-sponsors. The Project will add 500 MW of solar generation capacity and 668 MWh of BESS to the power system of Uzbekistan. The Project will help to improve reliability of intermittent solar power generation in Uzbekistan by introducing battery storage. The Project is among the largest in Central Asia. Successful implementation of the Project will pave the way for broader implementation of renewable projects as BESS helps mitigate intermittence constraints of renewables' capacity. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54550XI-IATI-EBRD-46794European Bank for Reconstruction and DevelopmentA loan of up to USD 2 million to the municipal solid waste management utility. The Republic of Tajikistan would provide a sovereign guarantee. This sub-project is being financed as part of a wider EBRD programme to rehabilitate solid waste management in Tajikistan, the Tajikistan Solid Waste Framework. The EBRD will also seek an investment grant from international donor(s) of USD 2 million to facilitate implementation of the sub-project which will address urgently needed solid waste infrastructure rehabilitation needs. The overall objectives of this sub-project are to: (a) rehabilitate the solid waste infrastructure, which is outdated, and purchase necessary equipment; and (b) improve financial and operational management of the municipal solid waste company.European Bank for Reconstruction and DevelopmentCOMMUNAL SERVICES UNDER THE EXECUTIVE BODY OF THE STATE AUTHORITY OF KULOBEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKULOB37.91459 69.784541750853.54COMMUNAL SERVICES UNDER THE EXECUTIVE BODY OF THE STATE AUTHORITY OF KULOB403571.74COMMUNAL SERVICES UNDER THE EXECUTIVE BODY OF THE STATE AUTHORITY OF KULOB135736.67COMMUNAL SERVICES UNDER THE EXECUTIVE BODY OF THE STATE AUTHORITY OF KULOB321539.88COMMUNAL SERVICES UNDER THE EXECUTIVE BODY OF THE STATE AUTHORITY OF KULOB319617.31COMMUNAL SERVICES UNDER THE EXECUTIVE BODY OF THE STATE AUTHORITY OF KULOB90292.68COMMUNAL SERVICES UNDER THE EXECUTIVE BODY OF THE STATE AUTHORITY OF KULOB191394.25COMMUNAL SERVICES UNDER THE EXECUTIVE BODY OF THE STATE AUTHORITY OF KULOB144609COMMUNAL SERVICES UNDER THE EXECUTIVE BODY OF THE STATE AUTHORITY OF KULOB14832.63COMMUNAL SERVICES UNDER THE EXECUTIVE BODY OF THE STATE AUTHORITY OF KULOB78484.64COMMUNAL SERVICES UNDER THE EXECUTIVE BODY OF THE STATE AUTHORITY OF KULOB26262.8COMMUNAL SERVICES UNDER THE EXECUTIVE BODY OF THE STATE AUTHORITY OF KULOB24511.95COMMUNAL SERVICES UNDER THE EXECUTIVE BODY OF THE STATE AUTHORITY OF KULOBSTATESTATESTATESTATEA loan of up to USD 2 million to the municipal solid waste management utility. The Republic of Tajikistan would provide a sovereign guarantee. This sub-project is being financed as part of a wider EBRD programme to rehabilitate solid waste management in Tajikistan, the Tajikistan Solid Waste Framework. The EBRD will also seek an investment grant from international donor(s) of USD 2 million to facilitate implementation of the sub-project which will address urgently needed solid waste infrastructure rehabilitation needs. The overall objectives of this sub-project are to: (a) rehabilitate the solid waste infrastructure, which is outdated, and purchase necessary equipment; and (b) improve financial and operational management of the municipal solid waste company. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/46794XI-IATI-EBRD-53047European Bank for Reconstruction and DevelopmentLoan of up to EUR 14.2 million to Braila water company ("CUP Dunarea Braila" or the "Company"), regional water operator in Braila County, Romania. The proceeds of the Bank's investment will be used to co-finance, alongside EU funds, water and wastewater investments under the relevant EU Infrastructure Programme ("EU Programme") in Romania (the "Project"). The Project will enable CUP Dunarea Braila to: (i) extend its water and wastewater network and services in the region; and (ii) meet compliance with the relevant EU water and wastewater standards in the Project area.European Bank for Reconstruction and DevelopmentWATER AND SEWAGE COMPANY OF THE CITY OF BRAILAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBRAILA45.2692 27.9574711774506.8114200000WATER AND SEWAGE COMPANY OF THE CITY OF BRAILA560289.02WATER AND SEWAGE COMPANY OF THE CITY OF BRAILA1865204.17WATER AND SEWAGE COMPANY OF THE CITY OF BRAILASTATESTATESTATESTATELoan of up to EUR 14.2 million to Braila water company ("CUP Dunarea Braila" or the "Company"), regional water operator in Braila County, Romania. The proceeds of the Bank's investment will be used to co-finance, alongside EU funds, water and wastewater investments under the relevant EU Infrastructure Programme ("EU Programme") in Romania (the "Project"). The Project will enable CUP Dunarea Braila to: (i) extend its water and wastewater network and services in the region; and (ii) meet compliance with the relevant EU water and wastewater standards in the Project area. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53047XI-IATI-EBRD-50677European Bank for Reconstruction and DevelopmentLong-term senior unsecured loan to Banca Intesa Belgrade ("BIB") for on-lending to small and medium enterprises (SMEs) in Serbia. The loan is envisaged under the Regional SME Competitiveness Support Programme ("SME-CSP"). The loan is envisaged to provide financing for on-lending to the local SMEs for investments in environmental protection, workers' safety and product quality and safety, in order to introduce and implement EU standards, which will boost SMEs' competitiveness. At least 60% of the use of proceeds is expected to be related to Green Economy Transition ("GET") investments.European Bank for Reconstruction and DevelopmentBANCA INTESA AD BEOGRADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651315000000BANCA INTESA AD BEOGRADPRIVATEPRIVATEPRIVATELong-term senior unsecured loan to Banca Intesa Belgrade ("BIB") for on-lending to small and medium enterprises (SMEs) in Serbia. The loan is envisaged under the Regional SME Competitiveness Support Programme ("SME-CSP"). The loan is envisaged to provide financing for on-lending to the local SMEs for investments in environmental protection, workers' safety and product quality and safety, in order to introduce and implement EU standards, which will boost SMEs' competitiveness. At least 60% of the use of proceeds is expected to be related to Green Economy Transition ("GET") investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50677XI-IATI-EBRD-53524European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to EUR 10m to UniCredit Bank dd ("UCB") under the Go Digital Pilot in Bosnia and Herzegovina programme (the "Programme"). The entire Programme is supported with donor funds in the total amount of EUR 9m from the European Union. The Project supports the aim of the Programme to: (i) improve SMEs' access to finance in order to invest additional resources to introduce EU standards through the provision of financing and investment incentives; (ii) pilot an approach to supporting SMEs that invest in automation and digitalisation with minimum 60% of funding to be invested in automation and digitalisation investments and minimum 10% of funding to be invested in only digital investments, (iii) support transition to a green economy ("GET technologies"), by targeting a GET-eligible share of at least 60%, and (iv) increase the awareness and knowledge of SMEs in Bosnia and Herzegovina ("BiH") through the Advice for Small Business services ("ASB") with a focus on automation and digitalisation projects.European Bank for Reconstruction and DevelopmentUNICREDIT BANK DDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGMOSTAR43.34333 17.8080610000000UNICREDIT BANK DDPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to EUR 10m to UniCredit Bank dd ("UCB") under the Go Digital Pilot in Bosnia and Herzegovina programme (the "Programme"). The entire Programme is supported with donor funds in the total amount of EUR 9m from the European Union. The Project supports the aim of the Programme to: (i) improve SMEs' access to finance in order to invest additional resources to introduce EU standards through the provision of financing and investment incentives; (ii) pilot an approach to supporting SMEs that invest in automation and digitalisation with minimum 60% of funding to be invested in automation and digitalisation investments and minimum 10% of funding to be invested in only digital investments, (iii) support transition to a green economy ("GET technologies"), by targeting a GET-eligible share of at least 60%, and (iv) increase the awareness and knowledge of SMEs in Bosnia and Herzegovina ("BiH") through the Advice for Small Business services ("ASB") with a focus on automation and digitalisation projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53524XI-IATI-EBRD-55554European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 8 million to ProCredit Bank Kosovo ("PCBK") for on-lending to small and medium-sized enterprises ("SMEs") in Kosovo under the Sustainable Reboot SME Programme. The proceeds of the Bank's investment will be used to provide sub-loans to help finance investments in small and medium-sized enterprises in Kosovo that will assist in improving the competitiveness and compliance with technical standards in line with the European Union's ("EU") directives and other international recognised standards. At least 70% of these investments will be used for Green Economy Transition ("GET") eligible technologies. Sub-projects will be selected according to the technical and financial eligibility criteria set forth in the Policy Statement for the Sustainable Reboot SME Programme.European Bank for Reconstruction and DevelopmentPROCREDIT BANK SH A KOSOVOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRISTINA42.67272 21.166888000000PROCREDIT BANK SH A KOSOVOPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 8 million to ProCredit Bank Kosovo ("PCBK") for on-lending to small and medium-sized enterprises ("SMEs") in Kosovo under the Sustainable Reboot SME Programme. The proceeds of the Bank's investment will be used to provide sub-loans to help finance investments in small and medium-sized enterprises in Kosovo that will assist in improving the competitiveness and compliance with technical standards in line with the European Union's ("EU") directives and other international recognised standards. At least 70% of these investments will be used for Green Economy Transition ("GET") eligible technologies. Sub-projects will be selected according to the technical and financial eligibility criteria set forth in the Policy Statement for the Sustainable Reboot SME Programme. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55554XI-IATI-EBRD-53822European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 2 million to be provided in two equal tranches under the Western Balkans Women in Business Programme ("WB WiB") Phase II. The proceeds of the Bank's investment will be used for on-lending to eligible women-led micro, small and medium enterprises in Kosovo in accordance with the Policy Statement.European Bank for Reconstruction and DevelopmentAGENCY FOR FINANCE IN KOSOVOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPEJA20.28828 42.659132000000AGENCY FOR FINANCE IN KOSOVOPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 2 million to be provided in two equal tranches under the Western Balkans Women in Business Programme ("WB WiB") Phase II. The proceeds of the Bank's investment will be used for on-lending to eligible women-led micro, small and medium enterprises in Kosovo in accordance with the Policy Statement. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53822XI-IATI-EBRD-55136European Bank for Reconstruction and DevelopmentThe provision of a guaranteed facility of up to EUR 9.0 million to finance expected VAT payments during the construction of the Sarimay Solar Photovoltaic Power Plant with an installed capacity of 100MW in the Khorezm region of Uzbekistan. The financing will be provided to Sarimay Solar FE LLC a special purpose vehicle established in Uzbekistan and fully owned by Voltalia SA. This Project aligns with the government of Uzbekistan's strategic objective of expanding the proportion of renewable energy sources in its national energy mix, aiming to establish 25 GW of solar and wind power by 2030. By contributing 100 MW of solar generation capacity to the national power grid, this Project will play a significant role in mitigating the effects of climate change and assisting Uzbekistan in achieving its low-carbon transition targets.European Bank for Reconstruction and DevelopmentSARIMAY SOLAR FE LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.216271126440.359000000SARIMAY SOLAR FE LLCPRIVATEPRIVATEPRIVATEThe provision of a guaranteed facility of up to EUR 9.0 million to finance expected VAT payments during the construction of the Sarimay Solar Photovoltaic Power Plant with an installed capacity of 100MW in the Khorezm region of Uzbekistan. The financing will be provided to Sarimay Solar FE LLC a special purpose vehicle established in Uzbekistan and fully owned by Voltalia SA. This Project aligns with the government of Uzbekistan's strategic objective of expanding the proportion of renewable energy sources in its national energy mix, aiming to establish 25 GW of solar and wind power by 2030. By contributing 100 MW of solar generation capacity to the national power grid, this Project will play a significant role in mitigating the effects of climate change and assisting Uzbekistan in achieving its low-carbon transition targets. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55136XI-IATI-EBRD-42471European Bank for Reconstruction and DevelopmentThe EBRD is providing a loan of up to EUR 2 million to finance critical solid waste investments for the City of Osh (the "City") and four neighbouring municipalities; Kyzyl-Kyshtak, Nariman, Shark, and Toloykon (the "Municipalities"). It is expected that the European Investment Bank would provide an up to EUR 3 million co-financing loan and that the EU's Investment Facility for Central Asia (IFCA) would provide EUR 5 million in the form of a grant. The proceeds of the loans and the grant will finance a new sanitary landfill construction and upgrade of collection and transportation system. The project will result in an improved level of solid waste services and environmental improvements in the City and the Municipalities. The project will measure success by monitoring the following indicators before and after project implementation: (i) Population with improved solid waste management services, measured by the number of households with improved solid waste management services multiplied by average household size; and (ii) Reduction in tonnes of CO2 equivalent due to diversion of solid waste from landfill disposal, measured by the tonnes of waste diverted away from landfill multiplied by average greenhouse gas emission potential based on waste content. Null ValueEuropean Bank for Reconstruction and DevelopmentKYRGYZ REPUBLIC SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGOSH40.52828 72.79850.322000000KYRGYZ REPUBLIC SOVEREIGN20000KYRGYZ REPUBLIC SOVEREIGN22694.65KYRGYZ REPUBLIC SOVEREIGN9473.64KYRGYZ REPUBLIC SOVEREIGN93578.9KYRGYZ REPUBLIC SOVEREIGN32522.12KYRGYZ REPUBLIC SOVEREIGN33159KYRGYZ REPUBLIC SOVEREIGN96845.76KYRGYZ REPUBLIC SOVEREIGN53500KYRGYZ REPUBLIC SOVEREIGN77689.43KYRGYZ REPUBLIC SOVEREIGN44000KYRGYZ REPUBLIC SOVEREIGN100257.51KYRGYZ REPUBLIC SOVEREIGN67086.5KYRGYZ REPUBLIC SOVEREIGN19738.5KYRGYZ REPUBLIC SOVEREIGN64567.13KYRGYZ REPUBLIC SOVEREIGN29297KYRGYZ REPUBLIC SOVEREIGN16000KYRGYZ REPUBLIC SOVEREIGN20503.54KYRGYZ REPUBLIC SOVEREIGN1000000KYRGYZ REPUBLIC SOVEREIGN199086KYRGYZ REPUBLIC SOVEREIGNSTATESTATESTATESTATEThe EBRD is providing a loan of up to EUR 2 million to finance critical solid waste investments for the City of Osh (the "City") and four neighbouring municipalities; Kyzyl-Kyshtak, Nariman, Shark, and Toloykon (the "Municipalities"). It is expected that the European Investment Bank would provide an up to EUR 3 million co-financing loan and that the EU's Investment Facility for Central Asia (IFCA) would provide EUR 5 million in the form of a grant. The proceeds of the loans and the grant will finance a new sanitary landfill construction and upgrade of collection and transportation system. The project will result in an improved level of solid waste services and environmental improvements in the City and the Municipalities. The project will measure success by monitoring the following indicators before and after project implementation: (i) Population with improved solid waste management services, measured by the number of households with improved solid waste management services multiplied by average household size; and (ii) Reduction in tonnes of CO2 equivalent due to diversion of solid waste from landfill disposal, measured by the tonnes of waste diverted away from landfill multiplied by average greenhouse gas emission potential based on waste content. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/42471XI-IATI-EBRD-52786European Bank for Reconstruction and DevelopmentThe provision of a senior loan of up to US$ 3.25 million to Demir Kyrgyz International Bank (DKIB) under the KyrSEFF II facility. The proceeds will be on-lent to sub-borrowers for energy and water efficiency investments. The Project will further strengthen SME competitiveness and promote the financial sector development in particular through local currency lending. The transaction supports investments in high-performing energy efficiency technologies, materials and solutions undertaken in, or in relation to, privately-owned residential/MSME dwellings or buildings in the Kyrgyz Republic. Sub-projects are selected according to technical and financial eligibility criteria set forth in the policy statement for KyrSEFF. 100 per cent of the proceeds will be used for Green Economy Transition investments.European Bank for Reconstruction and DevelopmentDEMIR KYRGYZ INTERNATIONAL BANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBISHKEK42.87 74.592801928.01DEMIR KYRGYZ INTERNATIONAL BANK CJSCPRIVATEPRIVATEPRIVATEThe provision of a senior loan of up to US$ 3.25 million to Demir Kyrgyz International Bank (DKIB) under the KyrSEFF II facility. The proceeds will be on-lent to sub-borrowers for energy and water efficiency investments. The Project will further strengthen SME competitiveness and promote the financial sector development in particular through local currency lending. The transaction supports investments in high-performing energy efficiency technologies, materials and solutions undertaken in, or in relation to, privately-owned residential/MSME dwellings or buildings in the Kyrgyz Republic. Sub-projects are selected according to technical and financial eligibility criteria set forth in the policy statement for KyrSEFF. 100 per cent of the proceeds will be used for Green Economy Transition investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52786XI-IATI-EBRD-54029European Bank for Reconstruction and DevelopmentProvision of an investment in an amount of EGP 927 million, gross of fees and accrued interest, in a receivables securitisation local currency bond programme, consisting of five tranches with varying returns and maturities, in favour of El Taamir for Securitization Company ("El Taamir" or the Issuer), a special purpose vehicle (SPV) incorporated in Egypt and established by the New Urban Communities Authority (NUCA). The Bank's proceeds will be used by NUCA to fund municipal investments in new cities. This sustainable urban development is in line with the Government's aim to redistribute the population away from the Nile Delta. These investments are to meet EBRD's investment criteria and include a range of municipal infrastructure projects such as those related to water, sanitation, treated water storage and pumping stations, street lighting and power transmission.European Bank for Reconstruction and DevelopmentEL TAAMIR FOR SECURITIZATION COMPANY SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGNEW CAIRO30.03 31.4716484487.89EL TAAMIR FOR SECURITIZATION COMPANY SAE16484487.89EL TAAMIR FOR SECURITIZATION COMPANY SAESTATESTATESTATESTATEProvision of an investment in an amount of EGP 927 million, gross of fees and accrued interest, in a receivables securitisation local currency bond programme, consisting of five tranches with varying returns and maturities, in favour of El Taamir for Securitization Company ("El Taamir" or the Issuer), a special purpose vehicle (SPV) incorporated in Egypt and established by the New Urban Communities Authority (NUCA). The Bank's proceeds will be used by NUCA to fund municipal investments in new cities. This sustainable urban development is in line with the Government's aim to redistribute the population away from the Nile Delta. These investments are to meet EBRD's investment criteria and include a range of municipal infrastructure projects such as those related to water, sanitation, treated water storage and pumping stations, street lighting and power transmission. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54029XI-IATI-EBRD-57152European Bank for Reconstruction and DevelopmentProvision of up to €70 million long-term senior unsecured loan to NLB Komercijalna banka ad Beograd ("NLBKB") for on-lending to small and medium-sized enterprises ("SMEs") in Serbia. The loan is extended under the EBRD Financial Intermediaries Framework ("FIF"). The loan is intended to facilitate the expansion of lending to private businesses through working capital lines and investment loans, including to enterprises operating in economically less developed regions of the country. The bank will aim to allocate up to 30% of the proceeds to GET-eligible projects which are expected to come from investments in renewable energy and energy efficient projects.European Bank for Reconstruction and DevelopmentNLB KOMERCIJALNA BANKA AD BEOGRADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651370000000NLB KOMERCIJALNA BANKA AD BEOGRADPRIVATEPRIVATEPRIVATEProvision of up to €70 million long-term senior unsecured loan to NLB Komercijalna banka ad Beograd ("NLBKB") for on-lending to small and medium-sized enterprises ("SMEs") in Serbia. The loan is extended under the EBRD Financial Intermediaries Framework ("FIF"). The loan is intended to facilitate the expansion of lending to private businesses through working capital lines and investment loans, including to enterprises operating in economically less developed regions of the country. The bank will aim to allocate up to 30% of the proceeds to GET-eligible projects which are expected to come from investments in renewable energy and energy efficient projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57152XI-IATI-EBRD-56374European Bank for Reconstruction and DevelopmentProvision of a senior secured loan of up to USD 20 million with a six-year total maturity (incl. 2.5-year grace period) to Futurefert to finance its capital expenditure plan. The Loan will finance the construction and operation of the Company's expansion plan in the Suez Canal Economic Zone.European Bank for Reconstruction and DevelopmentFUTUREFERT FERTILIZERS AND CHEMICAL INDUSTRY SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSUEZ29.97371 32.526273501707.0917508535.41FUTUREFERT FERTILIZERS AND CHEMICAL INDUSTRY SAEPRIVATEPRIVATEPRIVATEProvision of a senior secured loan of up to USD 20 million with a six-year total maturity (incl. 2.5-year grace period) to Futurefert to finance its capital expenditure plan. The Loan will finance the construction and operation of the Company's expansion plan in the Suez Canal Economic Zone. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56374XI-IATI-EBRD-47767European Bank for Reconstruction and DevelopmentA sovereign loan of up to USD 24.7 million to the Hashemite Kingdom of Jordan, for the benefit of the Water Authority of Jordan ("WAJ"), to finance the construction of a new transmission line from the Ain Ghazal Treatment Plant ("AGTP") to As-Samra Wastewater Treatment Plant ("As-Samra WWTP"), and the rehabilitation of AGTP's pre-treatment facilities including the refurbishment of the tanker discharge station and the implementation of improved odour management at AGTP. The loan will be co-financed by investment grants of up to USD 24.0 million from an international donor, the World Bank's Concessional Financing Facility, and/or the EBRD's Shareholder Special Fund ("SSF"). The proposed Project is part of the wider engagement with the WAJ aimed at upgrading Jordan's wastewater system. The proposed Project is part of the EBRD's Refugee Crisis Response Programme and forms part of a wider engagement with WAJ aimed at upgrading Jordan's wastewater system and increasing its resilience. The resettlement of a significant number of Syrian refugees within the catchment area of the AGTP and the As-Samra WWTP placed an unprecedented strain on the associated wastewater network. The proposed investment will help avoid potential serious pollution of the environment.European Bank for Reconstruction and DevelopmentJORDAN SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGAMMAN31.95522 35.945037383030.0122500000JORDAN SOVEREIGN3286867JORDAN SOVEREIGN1673336.42JORDAN SOVEREIGN1762427.18JORDAN SOVEREIGN850685.35JORDAN SOVEREIGN1253296.11JORDAN SOVEREIGN1089258.18JORDAN SOVEREIGN1403617.45JORDAN SOVEREIGN1349142.8JORDAN SOVEREIGN453405.75JORDAN SOVEREIGN1058096.73JORDAN SOVEREIGN341787.61JORDAN SOVEREIGN595049.41JORDAN SOVEREIGNSTATESTATESTATESTATEA sovereign loan of up to USD 24.7 million to the Hashemite Kingdom of Jordan, for the benefit of the Water Authority of Jordan ("WAJ"), to finance the construction of a new transmission line from the Ain Ghazal Treatment Plant ("AGTP") to As-Samra Wastewater Treatment Plant ("As-Samra WWTP"), and the rehabilitation of AGTP's pre-treatment facilities including the refurbishment of the tanker discharge station and the implementation of improved odour management at AGTP. The loan will be co-financed by investment grants of up to USD 24.0 million from an international donor, the World Bank's Concessional Financing Facility, and/or the EBRD's Shareholder Special Fund ("SSF"). The proposed Project is part of the wider engagement with the WAJ aimed at upgrading Jordan's wastewater system. The proposed Project is part of the EBRD's Refugee Crisis Response Programme and forms part of a wider engagement with WAJ aimed at upgrading Jordan's wastewater system and increasing its resilience. The resettlement of a significant number of Syrian refugees within the catchment area of the AGTP and the As-Samra WWTP placed an unprecedented strain on the associated wastewater network. The proposed investment will help avoid potential serious pollution of the environment. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47767XI-IATI-EBRD-54608European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to EUR 1.0m to Procredit Bank AD Skopje ("PCBM"), the 6th largest bank in North Macedonia, under the Western Balkans GEFF II Programme (the "programme" or "WB-GEFF II"). The loan is envisaged to provide financing for on-lending to residential sector (individuals, housing collectives, producers, vendors of green technologies, and service providers) for investments supporting Green Economy Transition ("GET") in North Macedonia.European Bank for Reconstruction and DevelopmentPROCREDIT BANK ADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.431411000000PROCREDIT BANK ADPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to EUR 1.0m to Procredit Bank AD Skopje ("PCBM"), the 6th largest bank in North Macedonia, under the Western Balkans GEFF II Programme (the "programme" or "WB-GEFF II"). The loan is envisaged to provide financing for on-lending to residential sector (individuals, housing collectives, producers, vendors of green technologies, and service providers) for investments supporting Green Economy Transition ("GET") in North Macedonia. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54608XI-IATI-EBRD-55580European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 3.0 million to be provided in two equal tranches to Raiffeisen Bank Kosovo ("RBKO") under the Western Balkans GEFF III REpower Residential ("WB GEFF III") Framework. The loan is intended to make available financing for investments in high-performance energy efficiency and renewable energy technologies, materials and solutions undertaken in or in relation to privately owned residential dwellings or buildings, construction of GET-eligible High energy Performance Residential Buildings (HPRBs) and eligible Energy Efficiency and/or Renewable Energy projects in the Public Sector. 100% of the use of proceeds will be related to investments eligible under the EBRD's Green Economy Transition ("GET") approach.European Bank for Reconstruction and DevelopmentRAIFFEISEN BANK KOSOVO SHAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRISTINA42.67272 21.166881500000RAIFFEISEN BANK KOSOVO SHAPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 3.0 million to be provided in two equal tranches to Raiffeisen Bank Kosovo ("RBKO") under the Western Balkans GEFF III REpower Residential ("WB GEFF III") Framework. The loan is intended to make available financing for investments in high-performance energy efficiency and renewable energy technologies, materials and solutions undertaken in or in relation to privately owned residential dwellings or buildings, construction of GET-eligible High energy Performance Residential Buildings (HPRBs) and eligible Energy Efficiency and/or Renewable Energy projects in the Public Sector. 100% of the use of proceeds will be related to investments eligible under the EBRD's Green Economy Transition ("GET") approach. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55580XI-IATI-EBRD-52398European Bank for Reconstruction and DevelopmentProvision of a senior loan of up to EUR 20 million in two equal tranches to UniCredit Leasing Serbia ("UCL") under the Regional SME Competitiveness Support Programme ("CSP"). The loan will be fully guaranteed by the parent, UniCredit Bank Serbia ("UCB"). The project will support investments by SMEs to upgrade production facilities and comply with EU Directives in environmental protection, workers' and product safety and product quality. The eligible investments will be selected based on the technical and financial eligibility criteria set forth in the Policy Statement for the Regional SME Competitiveness Support Programme. Support to SMEs is tailored as a combination of access to finance with TC and non-TC assistance. At least 60% of the use of the proceeds will go towards financing GET-eligible investments in line with the Policy Statement.European Bank for Reconstruction and DevelopmentUNICREDIT LEASING SERBIA DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651320000000UNICREDIT LEASING SERBIA DOOPRIVATEPRIVATEPRIVATEProvision of a senior loan of up to EUR 20 million in two equal tranches to UniCredit Leasing Serbia ("UCL") under the Regional SME Competitiveness Support Programme ("CSP"). The loan will be fully guaranteed by the parent, UniCredit Bank Serbia ("UCB"). The project will support investments by SMEs to upgrade production facilities and comply with EU Directives in environmental protection, workers' and product safety and product quality. The eligible investments will be selected based on the technical and financial eligibility criteria set forth in the Policy Statement for the Regional SME Competitiveness Support Programme. Support to SMEs is tailored as a combination of access to finance with TC and non-TC assistance. At least 60% of the use of the proceeds will go towards financing GET-eligible investments in line with the Policy Statement. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52398XI-IATI-EBRD-50415European Bank for Reconstruction and DevelopmentProvision of up to EUR 7 million long-term senior debt financing for the construction of a 10MW PV plant, adjacent to the existing TPP Oslomej. The PV plant will be constructed on the exhausted coal mine of the TPP Oslomej and the electricity produced will be directly sold in the nearby grid. The objective of ELEM is to make its first investment into PV plant, as part of the Company's strategy to decarbonize and develop a portfolio of RES projects. Furthermore, ELEM will take advantage of the proximity of the existing TPP substation, and at the same time the Project is likely to offset ELEM's obligation to invest in rehabilitating the site.European Bank for Reconstruction and DevelopmentPOWER PLANTS OF NORTH MACEDONIA JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGOSLOMEJ41.6 21.051957038.825900000POWER PLANTS OF NORTH MACEDONIA JSC1321633.25POWER PLANTS OF NORTH MACEDONIA JSC840361POWER PLANTS OF NORTH MACEDONIA JSC1780966.93POWER PLANTS OF NORTH MACEDONIA JSCSTATESTATESTATESTATEProvision of up to EUR 7 million long-term senior debt financing for the construction of a 10MW PV plant, adjacent to the existing TPP Oslomej. The PV plant will be constructed on the exhausted coal mine of the TPP Oslomej and the electricity produced will be directly sold in the nearby grid. The objective of ELEM is to make its first investment into PV plant, as part of the Company's strategy to decarbonize and develop a portfolio of RES projects. Furthermore, ELEM will take advantage of the proximity of the existing TPP substation, and at the same time the Project is likely to offset ELEM's obligation to invest in rehabilitating the site. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50415XI-IATI-EBRD-57342European Bank for Reconstruction and DevelopmentA senior unsecured MSME loan of up to EUR 5 million to KEP Trust ("KEP") under the Financial Intermediaries Framework ("FIF") with proceeds to be used for on-lending to micro, small and medium-sized enterprises ("MSMEs") in Kosovo in accordance with the FIF Policy Statement. The project is envisaged to promote entrepreneurship and market competitiveness by increasing availability of financing to the privately-owned MSMEs in Kosovo, with a focus on regional outreach and attraction of new MSME clients. In addition, KEP will aim to allocate at least 35% of the proceeds of the loan for green sub-loans in accordance with the EBRD's Green Economy Transition ("GET") eligibility criteria.European Bank for Reconstruction and DevelopmentKEP TRUSTEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRISTINA42.67272 21.166882000000KEP TRUSTPRIVATEPRIVATEPRIVATEA senior unsecured MSME loan of up to EUR 5 million to KEP Trust ("KEP") under the Financial Intermediaries Framework ("FIF") with proceeds to be used for on-lending to micro, small and medium-sized enterprises ("MSMEs") in Kosovo in accordance with the FIF Policy Statement. The project is envisaged to promote entrepreneurship and market competitiveness by increasing availability of financing to the privately-owned MSMEs in Kosovo, with a focus on regional outreach and attraction of new MSME clients. In addition, KEP will aim to allocate at least 35% of the proceeds of the loan for green sub-loans in accordance with the EBRD's Green Economy Transition ("GET") eligibility criteria. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57342XI-IATI-EBRD-55090European Bank for Reconstruction and DevelopmentSenior loan of up to EUR 20 million in favour of Serbia and Montenegro Air Traffic Services SMATSA Llc ("SMATSA" or the "Company") to finance the upgrade of the Company's current TopSky-ATC Air Traffic Management ("ATM") system to TopSky-ATC One. The Project will be co-financed with an up to EUR 25 million loan by the European Investment Bank ("EIB"). Upgrade of SMATSA's TopSky-ATC ATM system to the latest version of the system ("TopSky-ATC One"), a robust and sophisticated solution that will enhance safety, boost efficiency, and ensure reliability while enabling SMATSA to meet regulatory requirements.European Bank for Reconstruction and DevelopmentSERBIA AND MONTENEGRO AIR TRAFFIC SERVICES AGENCY LIMITEDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.465131193074020000000SERBIA AND MONTENEGRO AIR TRAFFIC SERVICES AGENCY LIMITED4800000SERBIA AND MONTENEGRO AIR TRAFFIC SERVICES AGENCY LIMITED3269260SERBIA AND MONTENEGRO AIR TRAFFIC SERVICES AGENCY LIMITEDSTATESTATESTATESTATESenior loan of up to EUR 20 million in favour of Serbia and Montenegro Air Traffic Services SMATSA Llc ("SMATSA" or the "Company") to finance the upgrade of the Company's current TopSky-ATC Air Traffic Management ("ATM") system to TopSky-ATC One. The Project will be co-financed with an up to EUR 25 million loan by the European Investment Bank ("EIB"). Upgrade of SMATSA's TopSky-ATC ATM system to the latest version of the system ("TopSky-ATC One"), a robust and sophisticated solution that will enhance safety, boost efficiency, and ensure reliability while enabling SMATSA to meet regulatory requirements. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55090XI-IATI-EBRD-56227European Bank for Reconstruction and DevelopmentAn uncapped unfunded portfolio guarantee in the amount of up to EUR 40 million, to be provided by the EBRD as an InvestEU implementing partner to Libra Internet Bank S.A. ("LIB"), as an eligible partner financial intermediary ("PFI") in Romania under the InvestEU Green Uncapped Portfolio Guarantee Framework (the "Framework"). The guarantee will cover a newly generated portfolio of loans financing eligible green projects related to buildings or sustainable transport. The Project benefits from partial first loss risk cover from the European Union under the InvestEU Fund. The Project will bridge the funding gap for sustainable energy investments in the country and support the resilience of a local commercial bank and expand its green lending capacity. It will further support Romania's national green economy objectives and the EBRD's green economy transition priorities in Romania.European Bank for Reconstruction and DevelopmentLIBRA INTERNET BANK SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUCHAREST44.43225 26.106264000000040000000LIBRA INTERNET BANK SAPRIVATEPRIVATEPRIVATEAn uncapped unfunded portfolio guarantee in the amount of up to EUR 40 million, to be provided by the EBRD as an InvestEU implementing partner to Libra Internet Bank S.A. ("LIB"), as an eligible partner financial intermediary ("PFI") in Romania under the InvestEU Green Uncapped Portfolio Guarantee Framework (the "Framework"). The guarantee will cover a newly generated portfolio of loans financing eligible green projects related to buildings or sustainable transport. The Project benefits from partial first loss risk cover from the European Union under the InvestEU Fund. The Project will bridge the funding gap for sustainable energy investments in the country and support the resilience of a local commercial bank and expand its green lending capacity. It will further support Romania's national green economy objectives and the EBRD's green economy transition priorities in Romania. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56227XI-IATI-EBRD-56149European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to €2 million under the Go Digital in the Western Balkans programme ("Go Digital in WB"). The transaction will support the aim of the Programme to: (i) advance innovation and competitiveness of the private sector via targeted investments and increased awareness-raising among SMEs for a higher utilisation of digitalisation and automation technologies; (ii) support the transition to a green economy ("GET technologies"); (iii) increase the capacity and trade potential of SMEs via increased access to finance to allow them to invest additional resources to introduce EU standards; and (iv) promote more equitable access to finance for automation and digitalisation investments for women-led SMEs, improving the competitiveness and sustainability of end-benecifiaries' business operations.European Bank for Reconstruction and DevelopmentNLB BANKA AD SKOPJEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.431413600001000000NLB BANKA AD SKOPJEPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to €2 million under the Go Digital in the Western Balkans programme ("Go Digital in WB"). The transaction will support the aim of the Programme to: (i) advance innovation and competitiveness of the private sector via targeted investments and increased awareness-raising among SMEs for a higher utilisation of digitalisation and automation technologies; (ii) support the transition to a green economy ("GET technologies"); (iii) increase the capacity and trade potential of SMEs via increased access to finance to allow them to invest additional resources to introduce EU standards; and (iv) promote more equitable access to finance for automation and digitalisation investments for women-led SMEs, improving the competitiveness and sustainability of end-benecifiaries' business operations. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56149XI-IATI-EBRD-54081European Bank for Reconstruction and DevelopmentThe provision of a senior loan of up to US$ 10 million (€9 million) to Khan Altai Resource LLC, a project entity created for the purpose of developing oxide ore gold mining operation based on Khan Altai gold deposit. The proceeds of a senior loan will be used to finance purchase of equipment for leach pad maintenance to achieve sustainable gold production levels.European Bank for Reconstruction and DevelopmentKHAN ALTAI RESOURCE LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGULAANBAATAR47.90771 106.883243501707.08KHAN ALTAI RESOURCE LLCPRIVATEPRIVATEPRIVATEThe provision of a senior loan of up to US$ 10 million (€9 million) to Khan Altai Resource LLC, a project entity created for the purpose of developing oxide ore gold mining operation based on Khan Altai gold deposit. The proceeds of a senior loan will be used to finance purchase of equipment for leach pad maintenance to achieve sustainable gold production levels. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54081XI-IATI-EBRD-55795European Bank for Reconstruction and DevelopmentInvestment of EUR 9 million in the second Sustainability-Linked Bond (SLB) issuance of EUR 30 million placed by Autonom in November 2024 and to be subsequently listed on the Bucharest Stock Exchange. The proceeds will be used for the financing of Autonom's general corporate purposes including project financing purposes (including future acquisition of companies / portfolios, if any), in each case as further detailed in the offering document (the "Project").European Bank for Reconstruction and DevelopmentAUTONOM SERVICES SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPIATRA NEAMT46.91667 26.33339000000AUTONOM SERVICES SAPRIVATEPRIVATEPRIVATEInvestment of EUR 9 million in the second Sustainability-Linked Bond (SLB) issuance of EUR 30 million placed by Autonom in November 2024 and to be subsequently listed on the Bucharest Stock Exchange. The proceeds will be used for the financing of Autonom's general corporate purposes including project financing purposes (including future acquisition of companies / portfolios, if any), in each case as further detailed in the offering document (the "Project"). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55795XI-IATI-EBRD-45358European Bank for Reconstruction and DevelopmentThe EBRD is supporting the Naryn Water Sub-Project. The EBRD would extend a sovereign loan of up to €2 million to the Kyrgyz Republic, to be transferred to Naryn City for the benefit of the Naryn Water Company for improvement of water supply and selected wastewater services. The EBRD will also seek an investment grant from an international donor of €3 million to facilitate implementation of the sub-project which will address urgently needed water and wastewater infrastructure rehabilitation needs. This support will be extended under the existing EBRD sovereign framework of up to €20 million, established by the Bank to co-finance with international donors priority water and wastewater rehabilitation sub-projects across the Kyrgyz Republic. The framework envisages sovereign loans that would be transferred to the cities for the benefit of the water companies involved and would address urgently needed water and wastewater infrastructure rehabilitation needs. The overall objectives of this sub-project are to: (a) rehabilitate the water supply and selected wastewater improvements; and (b) improve financial and operational management. Null ValueEuropean Bank for Reconstruction and DevelopmentKYRGYZ REPUBLIC SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGNARYN41.42866 75.991110.212000000KYRGYZ REPUBLIC SOVEREIGN20000KYRGYZ REPUBLIC SOVEREIGN304478.33KYRGYZ REPUBLIC SOVEREIGN28578.32KYRGYZ REPUBLIC SOVEREIGN136029.19KYRGYZ REPUBLIC SOVEREIGN192849.75KYRGYZ REPUBLIC SOVEREIGN16683.75KYRGYZ REPUBLIC SOVEREIGN34605.42KYRGYZ REPUBLIC SOVEREIGN31188.65KYRGYZ REPUBLIC SOVEREIGN64350KYRGYZ REPUBLIC SOVEREIGN25315KYRGYZ REPUBLIC SOVEREIGN9102.85KYRGYZ REPUBLIC SOVEREIGN69423KYRGYZ REPUBLIC SOVEREIGN32757.91KYRGYZ REPUBLIC SOVEREIGN41684.15KYRGYZ REPUBLIC SOVEREIGN63444.82KYRGYZ REPUBLIC SOVEREIGN4334.55KYRGYZ REPUBLIC SOVEREIGN7025.3KYRGYZ REPUBLIC SOVEREIGN347017KYRGYZ REPUBLIC SOVEREIGN15483KYRGYZ REPUBLIC SOVEREIGN119000KYRGYZ REPUBLIC SOVEREIGN159179.96KYRGYZ REPUBLIC SOVEREIGN67097.8KYRGYZ REPUBLIC SOVEREIGN210371.04KYRGYZ REPUBLIC SOVEREIGNSTATESTATESTATESTATEThe EBRD is supporting the Naryn Water Sub-Project. The EBRD would extend a sovereign loan of up to €2 million to the Kyrgyz Republic, to be transferred to Naryn City for the benefit of the Naryn Water Company for improvement of water supply and selected wastewater services. The EBRD will also seek an investment grant from an international donor of €3 million to facilitate implementation of the sub-project which will address urgently needed water and wastewater infrastructure rehabilitation needs. This support will be extended under the existing EBRD sovereign framework of up to €20 million, established by the Bank to co-finance with international donors priority water and wastewater rehabilitation sub-projects across the Kyrgyz Republic. The framework envisages sovereign loans that would be transferred to the cities for the benefit of the water companies involved and would address urgently needed water and wastewater infrastructure rehabilitation needs. The overall objectives of this sub-project are to: (a) rehabilitate the water supply and selected wastewater improvements; and (b) improve financial and operational management. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/45358XI-IATI-EBRD-52415European Bank for Reconstruction and DevelopmentThis project was approved in the context of the Bank's response to the COVID-19 pandemic. To avoid delays to the delivery of this project, the Bank's President granted a deviation from the ordinary timelines for PSD disclosure, as contemplated by Section V of the Directive on Access to Information. Details of the Bank's response to COVID-19, and this deviation, can be found on our website. Provision of a senior unsecured loan to Intesa Sanpaolo Bank d.d. Bosnia i Herzegovina (the "company" or "ISP BiH") of up to EUR 10.0m under the Regional SME Competitiveness Support Programme ("CSP") in two equal tranches. The loan will be fully guaranteed by Intesa Sanpaolo SpA (Italy). The project will support investments in SMEs to upgrade production facilities and comply with EU Directives in the field of environmental protection, workers' and product safety and product quality. The investments will be selected based on the technical and financial eligibility criteria set forth in the Policy Statement for the Regional SME Competitiveness Support Programme. Support to SMEs is tailored as a combination of access to finance with TC and non-TC assistance. At least 60% of the use of proceeds will go towards financing GET-eligible investments in line with the Policy Statement.European Bank for Reconstruction and DevelopmentINTESA SANPAOLO BANKA DD BOSNIA AND HERZEGOVINAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.3564410000000INTESA SANPAOLO BANKA DD BOSNIA AND HERZEGOVINAPRIVATEPRIVATEPRIVATEThis project was approved in the context of the Bank's response to the COVID-19 pandemic. To avoid delays to the delivery of this project, the Bank's President granted a deviation from the ordinary timelines for PSD disclosure, as contemplated by Section V of the Directive on Access to Information. Details of the Bank's response to COVID-19, and this deviation, can be found on our website. Provision of a senior unsecured loan to Intesa Sanpaolo Bank d.d. Bosnia i Herzegovina (the "company" or "ISP BiH") of up to EUR 10.0m under the Regional SME Competitiveness Support Programme ("CSP") in two equal tranches. The loan will be fully guaranteed by Intesa Sanpaolo SpA (Italy). The project will support investments in SMEs to upgrade production facilities and comply with EU Directives in the field of environmental protection, workers' and product safety and product quality. The investments will be selected based on the technical and financial eligibility criteria set forth in the Policy Statement for the Regional SME Competitiveness Support Programme. Support to SMEs is tailored as a combination of access to finance with TC and non-TC assistance. At least 60% of the use of proceeds will go towards financing GET-eligible investments in line with the Policy Statement. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52415XI-IATI-EBRD-55692European Bank for Reconstruction and DevelopmentThe Project involves the provision of a follow-on senior secured loan of up to EUR 10 million to Global Export Company LLC, increasing the total EBRD exposure to up to EUR 15 million. The Project supports the Borrower's continued capital investment in processing facilities and equipment, including expansion into mung beans, dried apricots and raisins, as well as permanent working capital needs to support scaling export operations. The Project remains 100% GET eligible, derived from investment in energy-efficient equipment and promotion of low-GHG agricultural value chains.European Bank for Reconstruction and DevelopmentGLOBAL EXPORT COMPANY LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.216275000000GLOBAL EXPORT COMPANY LLCPRIVATEPRIVATEPRIVATEThe Project involves the provision of a follow-on senior secured loan of up to EUR 10 million to Global Export Company LLC, increasing the total EBRD exposure to up to EUR 15 million. The Project supports the Borrower's continued capital investment in processing facilities and equipment, including expansion into mung beans, dried apricots and raisins, as well as permanent working capital needs to support scaling export operations. The Project remains 100% GET eligible, derived from investment in energy-efficient equipment and promotion of low-GHG agricultural value chains. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55692XI-IATI-EBRD-54683European Bank for Reconstruction and DevelopmentProvision of a EUR 90 million long-term loan to Lantmannen ek for (the "Company") to support the Company's expansion of its operations in Romania through investments in a new state of the art bakery in Romania. The project will support enhanced energy efficiency measures at the new production site and human capital development through an accredited training and work placement programme.European Bank for Reconstruction and DevelopmentLANTMANNEN EK FOREuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUCHAREST44.43225 26.1062690000000LANTMANNEN EK FORPRIVATEPRIVATEPRIVATEProvision of a EUR 90 million long-term loan to Lantmannen ek for (the "Company") to support the Company's expansion of its operations in Romania through investments in a new state of the art bakery in Romania. The project will support enhanced energy efficiency measures at the new production site and human capital development through an accredited training and work placement programme. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54683XI-IATI-EBRD-52457European Bank for Reconstruction and DevelopmentThe provision of a senior loan of up to US$ 2.5 to Parahat, a leading producer of juices and dairy products in Turkmenistan. Funds to be used for the procurement of technological equipment and working capital purposes. Parahat is planning to introduce glass bottle recycling facility, new packaging equipment, which will incerase shell life of its products and improve their transportability, including for potential foreign clients. It will also going to expand/diversify its operation by introducing new PET bottling line.European Bank for Reconstruction and DevelopmentPARAHAT IEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGASHGABAT37.95 58.383332188566.93PARAHAT IEPRIVATEPRIVATEPRIVATEThe provision of a senior loan of up to US$ 2.5 to Parahat, a leading producer of juices and dairy products in Turkmenistan. Funds to be used for the procurement of technological equipment and working capital purposes. Parahat is planning to introduce glass bottle recycling facility, new packaging equipment, which will incerase shell life of its products and improve their transportability, including for potential foreign clients. It will also going to expand/diversify its operation by introducing new PET bottling line. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52457XI-IATI-EBRD-51349European Bank for Reconstruction and DevelopmentProvision of additional EUR 65 million of an unfunded Guarantee for Growth in local currency equivalent in favour of Raiffeisen Bank Sh.a. Albania (RBAL), a joint stock company incorporated in Albania. This amount is in addition to EUR 100 million in local currency provided under the project in December 2020. The guarantee will have an initial tenor until end of March 2024. The guarantee covers the risk of non-payment of Albanian local currency sovereign bonds held by the client, enabling RBAL to making new sub-loans to private sector borrowers at a multiple of the guaranteed amount. At least 10% of the guarantee amount will be allocated towards Green Economy Transition (GET) eligible sub-projects.European Bank for Reconstruction and DevelopmentRAIFFEISEN BANK SHAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTIRANA41.3275 19.81889213944481.64RAIFFEISEN BANK SHAPRIVATEPRIVATEPRIVATEProvision of additional EUR 65 million of an unfunded Guarantee for Growth in local currency equivalent in favour of Raiffeisen Bank Sh.a. Albania (RBAL), a joint stock company incorporated in Albania. This amount is in addition to EUR 100 million in local currency provided under the project in December 2020. The guarantee will have an initial tenor until end of March 2024. The guarantee covers the risk of non-payment of Albanian local currency sovereign bonds held by the client, enabling RBAL to making new sub-loans to private sector borrowers at a multiple of the guaranteed amount. At least 10% of the guarantee amount will be allocated towards Green Economy Transition (GET) eligible sub-projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51349XI-IATI-EBRD-56784European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 5 million under the EBRD Go Digital in Western Balkans Programme (Go Digital) to NLB Pristina (NLBP) for on-lending to eligible local small and medium-sized enterprises (SMEs) in Kosovo. The proceeds of the Bank's investment will be used for providing a combination of specialised financing for automation, digitalisation, competitiveness and green technologies to eligible SMEs in accordance with the respective Policy Statement. At least 60% of the total investments shall be in eligible automation and digitalisation projects, of which at least 60% shall be GET eligible. Furthermore, at least 60% of the total investments shall be GET eligible.European Bank for Reconstruction and DevelopmentNLB BANKA SHAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRISTINA42.67272 21.166885000000NLB BANKA SHAPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 5 million under the EBRD Go Digital in Western Balkans Programme (Go Digital) to NLB Pristina (NLBP) for on-lending to eligible local small and medium-sized enterprises (SMEs) in Kosovo. The proceeds of the Bank's investment will be used for providing a combination of specialised financing for automation, digitalisation, competitiveness and green technologies to eligible SMEs in accordance with the respective Policy Statement. At least 60% of the total investments shall be in eligible automation and digitalisation projects, of which at least 60% shall be GET eligible. Furthermore, at least 60% of the total investments shall be GET eligible. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56784XI-IATI-EBRD-55680European Bank for Reconstruction and DevelopmentThe provision of a senior unsecured loan of up to €7 million, to be provided in three tranches (€ 2m, € 3m and € 2m) to Crnogorska Komercijalna Banka (CKB) under the SME Go Green Programme. The proceeds of the Bank's investment will be used for financing micro, small and medium-sized enterprises (MSMEs) compliant with the EU's SME definition and in accordance with the SME Go Green Policy Statement. 100 per cent of financing is expected to be GET eligible. In addition, at least 33 per cent of supported investments under the programme are expected to be in the agribusiness sector and 25 per cent of supported SMEs are expected to be women-led companies.European Bank for Reconstruction and DevelopmentCRNOGORSKA KOMERCIJALNA BANKA AD PODGORICAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPODGORICA42.44111 19.263612000000CRNOGORSKA KOMERCIJALNA BANKA AD PODGORICAPRIVATEPRIVATEPRIVATEThe provision of a senior unsecured loan of up to €7 million, to be provided in three tranches (€ 2m, € 3m and € 2m) to Crnogorska Komercijalna Banka (CKB) under the SME Go Green Programme. The proceeds of the Bank's investment will be used for financing micro, small and medium-sized enterprises (MSMEs) compliant with the EU's SME definition and in accordance with the SME Go Green Policy Statement. 100 per cent of financing is expected to be GET eligible. In addition, at least 33 per cent of supported investments under the programme are expected to be in the agribusiness sector and 25 per cent of supported SMEs are expected to be women-led companies. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55680XI-IATI-EBRD-47412European Bank for Reconstruction and DevelopmentA senior project finance secured loan of USD 75 million to Zarqa Le Tawleed Al Takah Al Kahrabaieyah to finance the construction of a 485 MW combined cycle gas turbine (CCGT) power plant in Zarqa, 40 km north-east of Amman, Jordan (the Project). The Project will replace the now obsolete 351 MW Hussein Thermal Power Station (HTPS). The Project will provide vital energy capacity to Jordan and is of strategic importance for the energy security of the country.European Bank for Reconstruction and DevelopmentMAHATAT AL ZARQA LE TAWLEED AL TAKAH AL KAHRABAIEYAHEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGAMMAN31.95522 35.945030.0165657007.8MAHATAT AL ZARQA LE TAWLEED AL TAKAH AL KAHRABAIEYAHPRIVATEPRIVATEPRIVATEA senior project finance secured loan of USD 75 million to Zarqa Le Tawleed Al Takah Al Kahrabaieyah to finance the construction of a 485 MW combined cycle gas turbine (CCGT) power plant in Zarqa, 40 km north-east of Amman, Jordan (the Project). The Project will replace the now obsolete 351 MW Hussein Thermal Power Station (HTPS). The Project will provide vital energy capacity to Jordan and is of strategic importance for the energy security of the country. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47412XI-IATI-EBRD-55156European Bank for Reconstruction and DevelopmentThe provision of a senior loan of up to US$ 4 million to FMFB, of which up to US$ 3 million (in TJS equivalent) to be provided by the EBRD and up to US$ 1 million by the GCF under the GCF-Green Economy Financing Facility Regional Framework (GCF GEFF II Tajikistan Programme). The proposed operation complies with the GCF GEFF Regional Framework criteria. The proposed transaction under the GCF GEFF Regional Framework will be a subsequent transaction with FMFB following a previous transaction under TajCREFF. Proceeds of the loan will be allocated to finance climate change mitigation and adaptation technologies. The transaction will support further expansion of FMFB's product offerings with green lending products, in a gender responsive way.European Bank for Reconstruction and DevelopmentINVESTMENT AND CREDIT BANK OF TAJIKISTAN CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGDUSHANBE38.53575 68.779052854536.08INVESTMENT AND CREDIT BANK OF TAJIKISTAN CJSCPRIVATEPRIVATEPRIVATEThe provision of a senior loan of up to US$ 4 million to FMFB, of which up to US$ 3 million (in TJS equivalent) to be provided by the EBRD and up to US$ 1 million by the GCF under the GCF-Green Economy Financing Facility Regional Framework (GCF GEFF II Tajikistan Programme). The proposed operation complies with the GCF GEFF Regional Framework criteria. The proposed transaction under the GCF GEFF Regional Framework will be a subsequent transaction with FMFB following a previous transaction under TajCREFF. Proceeds of the loan will be allocated to finance climate change mitigation and adaptation technologies. The transaction will support further expansion of FMFB's product offerings with green lending products, in a gender responsive way. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55156XI-IATI-EBRD-55997European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan in local currency of up to EGP 250 million (EUR 4.4 million equivalent) in favour of Fawry MSME Finance ("Fawry MSME") under the FIF - Egypt Youth in Business ("YiB") programme, for on-lending to eligible private MSMEs whose overall operational management responsibility or majority ownership is held by a person (or persons) under the age of 35 as defined in the Policy Statement ("Youth MSMEs"). The loan will also be accompanied by a comprehensive package of technical cooperation, first-loss risk cover, and incentives, funded by the European Union, the Small Business Impact Fund ("SBIF") and EBRD's Shareholder Special Fund ("EBRD SSF"). The term of the loan is 2 years. The loan aims at opening up economic opportunities for young people and promoting their access to finance by supporting the development of youth-led and/or owned enterprises and the non-bank financial services industry in Egypt. The proceeds will be used to support lending to eligible privately-owned youth-led MSMEs under the Egypt Youth in Business Programme ("Egypt YiB", the "Programme"), with a focus on regional outreach and attraction of new youth MSME clients.European Bank for Reconstruction and DevelopmentFAWRY MSME FINANCEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.249674445654.77FAWRY MSME FINANCEPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan in local currency of up to EGP 250 million (EUR 4.4 million equivalent) in favour of Fawry MSME Finance ("Fawry MSME") under the FIF - Egypt Youth in Business ("YiB") programme, for on-lending to eligible private MSMEs whose overall operational management responsibility or majority ownership is held by a person (or persons) under the age of 35 as defined in the Policy Statement ("Youth MSMEs"). The loan will also be accompanied by a comprehensive package of technical cooperation, first-loss risk cover, and incentives, funded by the European Union, the Small Business Impact Fund ("SBIF") and EBRD's Shareholder Special Fund ("EBRD SSF"). The term of the loan is 2 years. The loan aims at opening up economic opportunities for young people and promoting their access to finance by supporting the development of youth-led and/or owned enterprises and the non-bank financial services industry in Egypt. The proceeds will be used to support lending to eligible privately-owned youth-led MSMEs under the Egypt Youth in Business Programme ("Egypt YiB", the "Programme"), with a focus on regional outreach and attraction of new youth MSME clients. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55997XI-IATI-EBRD-55224European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to EUR 2m to Sparkasse Bank d.d. BiH ("SPKB") for on-lending to the residential sector in Bosnia and Herzegovina ("BiH"). The loan is envisaged under the Western Balkans Green Economy Financing Facility III - REpower ("WB GEFF III"). This will enable the bank to promote green economy investments in the country. The proceeds of the loan will be used to provide financing to SPKB for gender-responsive on-lending to eligible sub-borrowers in the residential sector for investments supporting Green Economy Transition ("GET") - eligible residential renewable energies and energy efficient technologies.European Bank for Reconstruction and DevelopmentSPARKASSE BANK DDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.356442000000SPARKASSE BANK DDPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to EUR 2m to Sparkasse Bank d.d. BiH ("SPKB") for on-lending to the residential sector in Bosnia and Herzegovina ("BiH"). The loan is envisaged under the Western Balkans Green Economy Financing Facility III - REpower ("WB GEFF III"). This will enable the bank to promote green economy investments in the country. The proceeds of the loan will be used to provide financing to SPKB for gender-responsive on-lending to eligible sub-borrowers in the residential sector for investments supporting Green Economy Transition ("GET") - eligible residential renewable energies and energy efficient technologies. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55224XI-IATI-EBRD-52389European Bank for Reconstruction and DevelopmentThis project was approved in the context of the Bank's response to the COVID-19 pandemic. To avoid delays to the delivery of this project, the Bank's President granted a deviation from the ordinary timelines for PSD disclosure, as contemplated by Section V of the Directive on Access to Information. Details of the Bank's response to COVID-19, and this deviation, can be found on our website. Provision of a senior unsecured loan to Garanti Leasing Romania in the amount of up to EUR 5 million for on-lending to local small and medium-sized enterprises (SMEs) in Romania under the Financial Intermediaries Framework (FIF). Proceeds will be used to finance leases to domestic SMEs, in accordance to the objectives of FIF with an emphasis on enterprises located outside the Romanian capital Bucharest.European Bank for Reconstruction and DevelopmentMOTORACTIVE IFN SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUCHAREST44.43225 26.106265000000MOTORACTIVE IFN SAPRIVATEPRIVATEPRIVATEThis project was approved in the context of the Bank's response to the COVID-19 pandemic. To avoid delays to the delivery of this project, the Bank's President granted a deviation from the ordinary timelines for PSD disclosure, as contemplated by Section V of the Directive on Access to Information. Details of the Bank's response to COVID-19, and this deviation, can be found on our website. Provision of a senior unsecured loan to Garanti Leasing Romania in the amount of up to EUR 5 million for on-lending to local small and medium-sized enterprises (SMEs) in Romania under the Financial Intermediaries Framework (FIF). Proceeds will be used to finance leases to domestic SMEs, in accordance to the objectives of FIF with an emphasis on enterprises located outside the Romanian capital Bucharest. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52389XI-IATI-EBRD-51503European Bank for Reconstruction and DevelopmentProvision of a EUR 1 million senior loan to Sparkasse Lizing DOO Skopje, a leasing company operating in North Macedonia, under the Competitiveness Support Program ("CSP"). Use of proceeds will be in line with the Competitiveness Support Program Policy Statement. As the company deals mostly with transport vehicles, the funds will be used for EURO 6 trucks and buses, construction machines, and electric/hybrid vehicles.European Bank for Reconstruction and DevelopmentSPARKASSE LEASING DOO SKOPJEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.431411000000SPARKASSE LEASING DOO SKOPJEPRIVATEPRIVATEPRIVATEProvision of a EUR 1 million senior loan to Sparkasse Lizing DOO Skopje, a leasing company operating in North Macedonia, under the Competitiveness Support Program ("CSP"). Use of proceeds will be in line with the Competitiveness Support Program Policy Statement. As the company deals mostly with transport vehicles, the funds will be used for EURO 6 trucks and buses, construction machines, and electric/hybrid vehicles. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51503XI-IATI-EBRD-52379European Bank for Reconstruction and DevelopmentProvision of a long-term senior loan to OTP Bank AD Belgrade (OTP) for on lending to small and medium-sized enterprises (SMEs). The project will contribute to the expansion of lending to private businesses through working capital lines and investment loans to SMEs, including enterprises operating in economically less-developed regions of the country. Furthermore, the transaction supports OTP's growth strategy and the diversification of its funding sourcesEuropean Bank for Reconstruction and DevelopmentOTP BANKA SRBIJA ADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGNOVI SAD45.25167 19.8369419595927.71OTP BANKA SRBIJA ADPRIVATEPRIVATEPRIVATEProvision of a long-term senior loan to OTP Bank AD Belgrade (OTP) for on lending to small and medium-sized enterprises (SMEs). The project will contribute to the expansion of lending to private businesses through working capital lines and investment loans to SMEs, including enterprises operating in economically less-developed regions of the country. Furthermore, the transaction supports OTP's growth strategy and the diversification of its funding sources For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52379XI-IATI-EBRD-54127European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan in the amount of up to EUR 5 million in a single tranche to Banca Intesa Beograd ("BIB"), a joint-stock company incorporated in Serbia, for on-lending to eligible women-led SMEs in line with the criteria under Western Balkans Women in Business Programme Phase II ("WB WiBP II"). The proposed operation is the sixth consecutive loan to BIB under WB WiBP following the successful utilisation of the previous facilities. The project will contribute to women's economic inclusion by supporting women-led SMEs' access to finance and business advisory services.European Bank for Reconstruction and DevelopmentBANCA INTESA AD BEOGRADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.465135000000BANCA INTESA AD BEOGRADPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan in the amount of up to EUR 5 million in a single tranche to Banca Intesa Beograd ("BIB"), a joint-stock company incorporated in Serbia, for on-lending to eligible women-led SMEs in line with the criteria under Western Balkans Women in Business Programme Phase II ("WB WiBP II"). The proposed operation is the sixth consecutive loan to BIB under WB WiBP following the successful utilisation of the previous facilities. The project will contribute to women's economic inclusion by supporting women-led SMEs' access to finance and business advisory services. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54127XI-IATI-EBRD-56363European Bank for Reconstruction and DevelopmentProvision of a loan of up to EUR 40 million for the development, construction, and operation of solar PV plants in Romania with aggregate capacity of 189.7MWp (the "Project"), including the Sadova solar power plant of 61.9MWp located in Dolj County and the Dobrun solar power plants of 127.8 MWp located in Olt County The Project will contribute to climate change mitigation and the Romanian green energy transition by increasing the share of renewable energy generation in the country and adding new solar generation capacity to the national energy system. In addition, the Project will also strengthen private sector presence in the renewable energy sector in the country.European Bank for Reconstruction and DevelopmentRB SOLAR ENERGY SRLEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCRAIOVA44.31667 23.83022473.3735000000RB SOLAR ENERGY SRLPRIVATEPRIVATEPRIVATEProvision of a loan of up to EUR 40 million for the development, construction, and operation of solar PV plants in Romania with aggregate capacity of 189.7MWp (the "Project"), including the Sadova solar power plant of 61.9MWp located in Dolj County and the Dobrun solar power plants of 127.8 MWp located in Olt County The Project will contribute to climate change mitigation and the Romanian green energy transition by increasing the share of renewable energy generation in the country and adding new solar generation capacity to the national energy system. In addition, the Project will also strengthen private sector presence in the renewable energy sector in the country. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56363XI-IATI-EBRD-47461European Bank for Reconstruction and DevelopmentThe European Bank for Reconstruction and Development is providing a sovereign loan to BiH in the amount of up to EUR 65 million for on-lending to the Federation of Bosnia and Herzegovina (FBH) and further to the Public Company Roads of the Federation of Bosnia and Herzegovina (the 'FBIH Roads') to finance the repair and modernisation of selected road sections and structures in the FBH. The proceeds of the loan will be used to repair and upgrade the primary road network in the Federation of Bosnia and Herzegovina ('FBIH') following the damage caused by the severe floods during the Spring of 2014, In addition, the financing is aiming to improve the level of service and traffic safety on the FBIH primary road network.European Bank for Reconstruction and DevelopmentBOSNIA AND HERZEGOVINA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.356444332674.7265000000BOSNIA AND HERZEGOVINA SOVEREIGN650000BOSNIA AND HERZEGOVINA SOVEREIGN715605.48BOSNIA AND HERZEGOVINA SOVEREIGN224677.11BOSNIA AND HERZEGOVINA SOVEREIGN280736.97BOSNIA AND HERZEGOVINA SOVEREIGN424658.15BOSNIA AND HERZEGOVINA SOVEREIGN264981.59BOSNIA AND HERZEGOVINA SOVEREIGN140762.93BOSNIA AND HERZEGOVINA SOVEREIGN250988.44BOSNIA AND HERZEGOVINA SOVEREIGN118765.65BOSNIA AND HERZEGOVINA SOVEREIGN175196.01BOSNIA AND HERZEGOVINA SOVEREIGN101274.68BOSNIA AND HERZEGOVINA SOVEREIGN136933.72BOSNIA AND HERZEGOVINA SOVEREIGN387430.64BOSNIA AND HERZEGOVINA SOVEREIGN241190.35BOSNIA AND HERZEGOVINA SOVEREIGN33543.88BOSNIA AND HERZEGOVINA SOVEREIGN1096682.8BOSNIA AND HERZEGOVINA SOVEREIGN604675.17BOSNIA AND HERZEGOVINA SOVEREIGN77217.72BOSNIA AND HERZEGOVINA SOVEREIGN137581.84BOSNIA AND HERZEGOVINA SOVEREIGN105036.36BOSNIA AND HERZEGOVINA SOVEREIGN197943.38BOSNIA AND HERZEGOVINA SOVEREIGN1197112.64BOSNIA AND HERZEGOVINA SOVEREIGN350280.53BOSNIA AND HERZEGOVINA SOVEREIGN65146.1BOSNIA AND HERZEGOVINA SOVEREIGN1441406.22BOSNIA AND HERZEGOVINA SOVEREIGN739328.31BOSNIA AND HERZEGOVINA SOVEREIGN390452.07BOSNIA AND HERZEGOVINA SOVEREIGN837707.06BOSNIA AND HERZEGOVINA SOVEREIGN1267314.27BOSNIA AND HERZEGOVINA SOVEREIGN88002.82BOSNIA AND HERZEGOVINA SOVEREIGN744143.27BOSNIA AND HERZEGOVINA SOVEREIGN152992.1BOSNIA AND HERZEGOVINA SOVEREIGN733482.33BOSNIA AND HERZEGOVINA SOVEREIGN252769.49BOSNIA AND HERZEGOVINA SOVEREIGN109560.05BOSNIA AND HERZEGOVINA SOVEREIGN264209.37BOSNIA AND HERZEGOVINA SOVEREIGN646173.54BOSNIA AND HERZEGOVINA SOVEREIGN38046.48BOSNIA AND HERZEGOVINA SOVEREIGN304296.4BOSNIA AND HERZEGOVINA SOVEREIGN116463.68BOSNIA AND HERZEGOVINA SOVEREIGN290363.41BOSNIA AND HERZEGOVINA SOVEREIGN499279.26BOSNIA AND HERZEGOVINA SOVEREIGN168277.78BOSNIA AND HERZEGOVINA SOVEREIGN146779.51BOSNIA AND HERZEGOVINA SOVEREIGN281507.04BOSNIA AND HERZEGOVINA SOVEREIGN31584.54BOSNIA AND HERZEGOVINA SOVEREIGN428880.38BOSNIA AND HERZEGOVINA SOVEREIGN374810.49BOSNIA AND HERZEGOVINA SOVEREIGN123986.72BOSNIA AND HERZEGOVINA SOVEREIGN109325.64BOSNIA AND HERZEGOVINA SOVEREIGN156242.99BOSNIA AND HERZEGOVINA SOVEREIGN209844.78BOSNIA AND HERZEGOVINA SOVEREIGN116495.18BOSNIA AND HERZEGOVINA SOVEREIGN301169.54BOSNIA AND HERZEGOVINA SOVEREIGN301116.25BOSNIA AND HERZEGOVINA SOVEREIGN34078.7BOSNIA AND HERZEGOVINA SOVEREIGN50483.29BOSNIA AND HERZEGOVINA SOVEREIGN409438.05BOSNIA AND HERZEGOVINA SOVEREIGN31445.89BOSNIA AND HERZEGOVINA SOVEREIGN200397.37BOSNIA AND HERZEGOVINA SOVEREIGN240372.16BOSNIA AND HERZEGOVINA SOVEREIGN1015820.62BOSNIA AND HERZEGOVINA SOVEREIGN453885.54BOSNIA AND HERZEGOVINA SOVEREIGN469262.55BOSNIA AND HERZEGOVINA SOVEREIGN258751.2BOSNIA AND HERZEGOVINA SOVEREIGN107870.16BOSNIA AND HERZEGOVINA SOVEREIGN686446.94BOSNIA AND HERZEGOVINA SOVEREIGN572883.28BOSNIA AND HERZEGOVINA SOVEREIGN231164.72BOSNIA AND HERZEGOVINA SOVEREIGN435917.08BOSNIA AND HERZEGOVINA SOVEREIGN462797.72BOSNIA AND HERZEGOVINA SOVEREIGN216845.53BOSNIA AND HERZEGOVINA SOVEREIGN18959.49BOSNIA AND HERZEGOVINA SOVEREIGN125293.89BOSNIA AND HERZEGOVINA SOVEREIGN133666.46BOSNIA AND HERZEGOVINA SOVEREIGN312148.91BOSNIA AND HERZEGOVINA SOVEREIGN295278.44BOSNIA AND HERZEGOVINA SOVEREIGN1476800.91BOSNIA AND HERZEGOVINA SOVEREIGN234702.02BOSNIA AND HERZEGOVINA SOVEREIGN256873.52BOSNIA AND HERZEGOVINA SOVEREIGN245017.48BOSNIA AND HERZEGOVINA SOVEREIGN71264.73BOSNIA AND HERZEGOVINA SOVEREIGN591097.64BOSNIA AND HERZEGOVINA SOVEREIGN74825.14BOSNIA AND HERZEGOVINA SOVEREIGN443262.52BOSNIA AND HERZEGOVINA SOVEREIGN477939.5BOSNIA AND HERZEGOVINA SOVEREIGN135692.45BOSNIA AND HERZEGOVINA SOVEREIGN165311.74BOSNIA AND HERZEGOVINA SOVEREIGN248550.76BOSNIA AND HERZEGOVINA SOVEREIGN282814.58BOSNIA AND HERZEGOVINA SOVEREIGN743620.2BOSNIA AND HERZEGOVINA SOVEREIGN82892.47BOSNIA AND HERZEGOVINA SOVEREIGN246071.23BOSNIA AND HERZEGOVINA SOVEREIGN365569.27BOSNIA AND HERZEGOVINA SOVEREIGN531438.33BOSNIA AND HERZEGOVINA SOVEREIGN476799.11BOSNIA AND HERZEGOVINA SOVEREIGN374189.39BOSNIA AND HERZEGOVINA SOVEREIGN157597.75BOSNIA AND HERZEGOVINA SOVEREIGN385137.08BOSNIA AND HERZEGOVINA SOVEREIGN473471.44BOSNIA AND HERZEGOVINA SOVEREIGN192672.73BOSNIA AND HERZEGOVINA SOVEREIGN773403.59BOSNIA AND HERZEGOVINA SOVEREIGN184829.65BOSNIA AND HERZEGOVINA SOVEREIGN659327.01BOSNIA AND HERZEGOVINA SOVEREIGN129031.35BOSNIA AND HERZEGOVINA SOVEREIGN197155.35BOSNIA AND HERZEGOVINA SOVEREIGN195077.97BOSNIA AND HERZEGOVINA SOVEREIGN143696.72BOSNIA AND HERZEGOVINA SOVEREIGN297125.65BOSNIA AND HERZEGOVINA SOVEREIGN506555.09BOSNIA AND HERZEGOVINA SOVEREIGN461123.21BOSNIA AND HERZEGOVINA SOVEREIGN391364.52BOSNIA AND HERZEGOVINA SOVEREIGN307355.65BOSNIA AND HERZEGOVINA SOVEREIGN753275.92BOSNIA AND HERZEGOVINA SOVEREIGN1111565.97BOSNIA AND HERZEGOVINA SOVEREIGN31843.74BOSNIA AND HERZEGOVINA SOVEREIGN875182.08BOSNIA AND HERZEGOVINA SOVEREIGN202483.57BOSNIA AND HERZEGOVINA SOVEREIGN178406.24BOSNIA AND HERZEGOVINA SOVEREIGN614365.48BOSNIA AND HERZEGOVINA SOVEREIGN24026.67BOSNIA AND HERZEGOVINA SOVEREIGN22835.5BOSNIA AND HERZEGOVINA SOVEREIGN362473.22BOSNIA AND HERZEGOVINA SOVEREIGN18114.87BOSNIA AND HERZEGOVINA SOVEREIGN469064.45BOSNIA AND HERZEGOVINA SOVEREIGN311099.03BOSNIA AND HERZEGOVINA SOVEREIGN241214.22BOSNIA AND HERZEGOVINA SOVEREIGN355883.49BOSNIA AND HERZEGOVINA SOVEREIGN388090.42BOSNIA AND HERZEGOVINA SOVEREIGN881391.32BOSNIA AND HERZEGOVINA SOVEREIGN289864.77BOSNIA AND HERZEGOVINA SOVEREIGN41780.51BOSNIA AND HERZEGOVINA SOVEREIGN1602570.89BOSNIA AND HERZEGOVINA SOVEREIGN464488.19BOSNIA AND HERZEGOVINA SOVEREIGN15563.75BOSNIA AND HERZEGOVINA SOVEREIGN198725.43BOSNIA AND HERZEGOVINA SOVEREIGN99257.96BOSNIA AND HERZEGOVINA SOVEREIGN350336.82BOSNIA AND HERZEGOVINA SOVEREIGN10494.36BOSNIA AND HERZEGOVINA SOVEREIGN188604.73BOSNIA AND HERZEGOVINA SOVEREIGN5667.89BOSNIA AND HERZEGOVINA SOVEREIGN168005.53BOSNIA AND HERZEGOVINA SOVEREIGN7362.05BOSNIA AND HERZEGOVINA SOVEREIGN265070.26BOSNIA AND HERZEGOVINA SOVEREIGN47776.64BOSNIA AND HERZEGOVINA SOVEREIGN298909.25BOSNIA AND HERZEGOVINA SOVEREIGN673802.19BOSNIA AND HERZEGOVINA SOVEREIGN12843.08BOSNIA AND HERZEGOVINA SOVEREIGN278041.55BOSNIA AND HERZEGOVINA SOVEREIGN64853.23BOSNIA AND HERZEGOVINA SOVEREIGN582136.62BOSNIA AND HERZEGOVINA SOVEREIGN17239.33BOSNIA AND HERZEGOVINA SOVEREIGN401335.64BOSNIA AND HERZEGOVINA SOVEREIGN3923.08BOSNIA AND HERZEGOVINA SOVEREIGN608076.93BOSNIA AND HERZEGOVINA SOVEREIGN582428.33BOSNIA AND HERZEGOVINA SOVEREIGN5597.95BOSNIA AND HERZEGOVINA SOVEREIGN378977.62BOSNIA AND HERZEGOVINA SOVEREIGN4406.21BOSNIA AND HERZEGOVINA SOVEREIGN584144.79BOSNIA AND HERZEGOVINA SOVEREIGN3806.35BOSNIA AND HERZEGOVINA SOVEREIGN614181.6BOSNIA AND HERZEGOVINA SOVEREIGN300160.35BOSNIA AND HERZEGOVINA SOVEREIGN68109.97BOSNIA AND HERZEGOVINA SOVEREIGN3171.71BOSNIA AND HERZEGOVINA SOVEREIGN1332025.39BOSNIA AND HERZEGOVINA SOVEREIGN864493.98BOSNIA AND HERZEGOVINA SOVEREIGN329564.86BOSNIA AND HERZEGOVINA SOVEREIGN299800.23BOSNIA AND HERZEGOVINA SOVEREIGN710474.78BOSNIA AND HERZEGOVINA SOVEREIGN362259.98BOSNIA AND HERZEGOVINA SOVEREIGN492768.46BOSNIA AND HERZEGOVINA SOVEREIGN46286.6BOSNIA AND HERZEGOVINA SOVEREIGN247258.99BOSNIA AND HERZEGOVINA SOVEREIGN366895.31BOSNIA AND HERZEGOVINA SOVEREIGN145166.1BOSNIA AND HERZEGOVINA SOVEREIGNSTATESTATESTATESTATEThe European Bank for Reconstruction and Development is providing a sovereign loan to BiH in the amount of up to EUR 65 million for on-lending to the Federation of Bosnia and Herzegovina (FBH) and further to the Public Company Roads of the Federation of Bosnia and Herzegovina (the 'FBIH Roads') to finance the repair and modernisation of selected road sections and structures in the FBH. The proceeds of the loan will be used to repair and upgrade the primary road network in the Federation of Bosnia and Herzegovina ('FBIH') following the damage caused by the severe floods during the Spring of 2014, In addition, the financing is aiming to improve the level of service and traffic safety on the FBIH primary road network. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47461XI-IATI-EBRD-53776European Bank for Reconstruction and DevelopmentThe EBRD invested RON 131.3 million (ca. EUR 26.7 million) in a senior non-preferred sustainability bond issuance of RON 500.9 million launched by Raiffeisen Bank S.A., a commercial bank incorporated in Romania, on 10 August 2022. The bond has a 5-year maturity, with a call option after the fourth year, and is listed on the Luxembourg and the Bucharest Stock Exchanges. Proceeds of the sustainability bond will be used for eligible green and social projects in line with Raiffeisen Bank's sustainability bond framework. This is the first sustainability bond issued in Romania. The EBRD further invested RON 58.8 million (ca. EUR 11.9 million) in a senior preferred sustainability bond issuance of RON 325.5 million launched by Raiffeisen Bank on 11 October 2022. The bond has a 5-year maturity, with a call option after the fourth year, and is listed on the Luxembourg and the Bucharest Stock Exchanges. Proceeds of the sustainability bond will be used for eligible green and social projects in line with Raiffeisen Bank's sustainability bond framework. The EBRD further invested RON 89.8 million (ca. EUR 18.2 million) in a senior non-preferred sustainability bond issuance of RON 369.1 million launched by Raiffeisen Bank on 25 November 2022. The bond has a 5-year maturity, with a call option after the fourth year, and is listed on the Luxembourg and the Bucharest Stock Exchanges. Proceeds of the sustainability bond will be used for eligible green and social projects in line with Raiffeisen Bank's sustainability bond framework. The EBRD further invested EUR 20 million in a EUR-denominated, senior non-preferred sustainability international bond issuance of EUR 300 million launched by Raiffeisen Bank on 5 October 2023. The bond has a 5-year maturity, with a call option after the fourth year, and is listed on the Luxembourg Stock Exchange. Proceeds of the sustainability bond will be used for eligible green and social projects, in line with Raiffeisen Bank's sustainability bond framework. The project contributes to the resilience of a systemic bank in Romania, facilitates capital market development in the country, expands access to finance for SMEs from underdeveloped regions, and supports the first ever sustainability bond framework launched by a Romanian bank, that is aligned with the Green Bond Principles, Social Bond Principles and Sustainability Bond Guidelines of the International Capital Market Association.European Bank for Reconstruction and DevelopmentRAIFFEISEN BANK SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUCHAREST44.43225 26.1062673411451.9RAIFFEISEN BANK SAPRIVATEPRIVATEPRIVATEThe EBRD invested RON 131.3 million (ca. EUR 26.7 million) in a senior non-preferred sustainability bond issuance of RON 500.9 million launched by Raiffeisen Bank S.A., a commercial bank incorporated in Romania, on 10 August 2022. The bond has a 5-year maturity, with a call option after the fourth year, and is listed on the Luxembourg and the Bucharest Stock Exchanges. Proceeds of the sustainability bond will be used for eligible green and social projects in line with Raiffeisen Bank's sustainability bond framework. This is the first sustainability bond issued in Romania. The EBRD further invested RON 58.8 million (ca. EUR 11.9 million) in a senior preferred sustainability bond issuance of RON 325.5 million launched by Raiffeisen Bank on 11 October 2022. The bond has a 5-year maturity, with a call option after the fourth year, and is listed on the Luxembourg and the Bucharest Stock Exchanges. Proceeds of the sustainability bond will be used for eligible green and social projects in line with Raiffeisen Bank's sustainability bond framework. The EBRD further invested RON 89.8 million (ca. EUR 18.2 million) in a senior non-preferred sustainability bond issuance of RON 369.1 million launched by Raiffeisen Bank on 25 November 2022. The bond has a 5-year maturity, with a call option after the fourth year, and is listed on the Luxembourg and the Bucharest Stock Exchanges. Proceeds of the sustainability bond will be used for eligible green and social projects in line with Raiffeisen Bank's sustainability bond framework. The EBRD further invested EUR 20 million in a EUR-denominated, senior non-preferred sustainability international bond issuance of EUR 300 million launched by Raiffeisen Bank on 5 October 2023. The bond has a 5-year maturity, with a call option after the fourth year, and is listed on the Luxembourg Stock Exchange. Proceeds of the sustainability bond will be used for eligible green and social projects, in line with Raiffeisen Bank's sustainability bond framework. The project contributes to the resilience of a systemic bank in Romania, facilitates capital market development in the country, expands access to finance for SMEs from underdeveloped regions, and supports the first ever sustainability bond framework launched by a Romanian bank, that is aligned with the Green Bond Principles, Social Bond Principles and Sustainability Bond Guidelines of the International Capital Market Association. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53776XI-IATI-EBRD-45276European Bank for Reconstruction and DevelopmentProvision of a sovereign loan to the Kosovo, to be on-lent to Kosovo Railways Infrastructure JSC ("InfraKos" or the "Company") to finance the rehabilitation of Kosovo's Rail Route 10, approximately 148 km in length, from the border with Serbia in the north (Leshak station) to the border with FYR Macedonia (Hani i Elezit station) in the south. The Project will be implemented in three phases and consists of the rehabilitation of the following sections: (i) Fushe Kosove - FYR Macedonia border; (Phase 1); (ii) Fushe Kosove - Mitrovice (Phase 2); and (ii) Mitrovice - Serbian border (Phase 3). This railway line is the only operational railway link connecting Kosovo's national rail network to the international network. The Project is part of the Western Balkans Core Network and will support Kosovo's regional and European integration. The Project is co-financed with a loan from the European Investment Bank (EIB) and investment grants from the Western Balkans Investment Framework (WBIF). In addition, WBIF has been providing grant funds for project preparation and implementation. Support Kosovo's national economic development and contribute to its regional integration by connecting Kosovo's national railway network to the European network.European Bank for Reconstruction and DevelopmentKOSOVO SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRISTINA42.67272 21.166880.0227800000KOSOVO SOVEREIGN278000KOSOVO SOVEREIGN1965640.99KOSOVO SOVEREIGN2056922.95KOSOVO SOVEREIGN278389KOSOVO SOVEREIGN286449.84KOSOVO SOVEREIGN594209KOSOVO SOVEREIGN872922.1KOSOVO SOVEREIGN918282.24KOSOVO SOVEREIGN264626.01KOSOVO SOVEREIGN639722.81KOSOVO SOVEREIGN868553.97KOSOVO SOVEREIGN572408.74KOSOVO SOVEREIGN273656.48KOSOVO SOVEREIGN656564.12KOSOVO SOVEREIGN320144.35KOSOVO SOVEREIGN4792750.53KOSOVO SOVEREIGN720219.16KOSOVO SOVEREIGN334646.19KOSOVO SOVEREIGN254757.84KOSOVO SOVEREIGN818194.78KOSOVO SOVEREIGN616250.88KOSOVO SOVEREIGN571221.05KOSOVO SOVEREIGN140445.01KOSOVO SOVEREIGN500046.25KOSOVO SOVEREIGN316786.8KOSOVO SOVEREIGN345164.21KOSOVO SOVEREIGN251671.17KOSOVO SOVEREIGN280790.13KOSOVO SOVEREIGN271889.99KOSOVO SOVEREIGN400497.73KOSOVO SOVEREIGN514011.6KOSOVO SOVEREIGN252811.67KOSOVO SOVEREIGN1806335.79KOSOVO SOVEREIGN390145.98KOSOVO SOVEREIGN816813.12KOSOVO SOVEREIGN645479.3KOSOVO SOVEREIGN1378454.02KOSOVO SOVEREIGN534124.18KOSOVO SOVEREIGNSTATESTATESTATESTATEProvision of a sovereign loan to the Kosovo, to be on-lent to Kosovo Railways Infrastructure JSC ("InfraKos" or the "Company") to finance the rehabilitation of Kosovo's Rail Route 10, approximately 148 km in length, from the border with Serbia in the north (Leshak station) to the border with FYR Macedonia (Hani i Elezit station) in the south. The Project will be implemented in three phases and consists of the rehabilitation of the following sections: (i) Fushe Kosove - FYR Macedonia border; (Phase 1); (ii) Fushe Kosove - Mitrovice (Phase 2); and (ii) Mitrovice - Serbian border (Phase 3). This railway line is the only operational railway link connecting Kosovo's national rail network to the international network. The Project is part of the Western Balkans Core Network and will support Kosovo's regional and European integration. The Project is co-financed with a loan from the European Investment Bank (EIB) and investment grants from the Western Balkans Investment Framework (WBIF). In addition, WBIF has been providing grant funds for project preparation and implementation. Support Kosovo's national economic development and contribute to its regional integration by connecting Kosovo's national railway network to the European network. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/45276XI-IATI-EBRD-55982European Bank for Reconstruction and DevelopmentUp to EUR 22.5 million senior sovereign-guaranteed loan to Operatori i Shperndarjes se Energjise Elektrike ("OSHEE," the "Client," the "Company"), the state-owned electricity distribution and supply company in Albania. The loan proceeds will be used for investment purposes to finance the construction of the underground 110/20 kV substation in central Tirana. The original cost estimate for the substation of EUR 14.5 million, was based on a preliminary assessment. However, the final technical design, developed by a specialised external consultant, revealed an increase of ca. EUR 8 million. This increase was primarily attributable to inflationary pressures on raw material prices, enhanced project specifications, and the incorporation of final technical requirements. The project will enable OSHEE to replace an old electric substation, with a new and innovative underground substation. It will be the first underground substation to be implemented in Albania and the wider Western Balkans region. It will be the first digitally-operated substation of OSHEE. Full digitalisation is expected to improve operational efficiency, quality of supply and improve health and safety parameters. The project will incentivise OSHEE to accelerate transition to digital infrastructure and implement organisational programmes (including trainings) to support the swift implementation and transition to digital infrastructure.European Bank for Reconstruction and DevelopmentOPERATORI I SHPERNDARJES SE ENERGJISE ELEKTRIKE SH AEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTIRANA41.3275 19.818892250000022500000OPERATORI I SHPERNDARJES SE ENERGJISE ELEKTRIKE SH ASTATESTATESTATESTATEUp to EUR 22.5 million senior sovereign-guaranteed loan to Operatori i Shperndarjes se Energjise Elektrike ("OSHEE," the "Client," the "Company"), the state-owned electricity distribution and supply company in Albania. The loan proceeds will be used for investment purposes to finance the construction of the underground 110/20 kV substation in central Tirana. The original cost estimate for the substation of EUR 14.5 million, was based on a preliminary assessment. However, the final technical design, developed by a specialised external consultant, revealed an increase of ca. EUR 8 million. This increase was primarily attributable to inflationary pressures on raw material prices, enhanced project specifications, and the incorporation of final technical requirements. The project will enable OSHEE to replace an old electric substation, with a new and innovative underground substation. It will be the first underground substation to be implemented in Albania and the wider Western Balkans region. It will be the first digitally-operated substation of OSHEE. Full digitalisation is expected to improve operational efficiency, quality of supply and improve health and safety parameters. The project will incentivise OSHEE to accelerate transition to digital infrastructure and implement organisational programmes (including trainings) to support the swift implementation and transition to digital infrastructure. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55982XI-IATI-EBRD-51913European Bank for Reconstruction and DevelopmentA €20m senior unsecured loan (out of which €10m committed) to Gr Sarantis SA under DFF non-SMEs (the "Loan"). The proceeds of the EBRD Loan will be dedicated to (i) finance expenditures related to acquisitions of new brand by Sarantis and (ii) support R&D expenditures of the Group for improvement of existing products and design of new ones(the "Project").European Bank for Reconstruction and DevelopmentGR SARANTIS SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATHENS37.98376 23.7278420000000GR SARANTIS SAPRIVATEPRIVATEPRIVATEA €20m senior unsecured loan (out of which €10m committed) to Gr Sarantis SA under DFF non-SMEs (the "Loan"). The proceeds of the EBRD Loan will be dedicated to (i) finance expenditures related to acquisitions of new brand by Sarantis and (ii) support R&D expenditures of the Group for improvement of existing products and design of new ones(the "Project"). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51913XI-IATI-EBRD-52446European Bank for Reconstruction and DevelopmentAn equity commitment of up to EUR 15 million in favour of BPM Mezzanine Fund II L.P. (the "fund"). Thr fund seeks to make mezzanine and quasi-equity investments into companies predominantly in the small and medium-sized enterprise (SME) segment in Estonia, Latvia, Lithuania and Poland (the "target region")European Bank for Reconstruction and DevelopmentBPM MEZZANINE FUND II MANAGEMENT OUEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTALLINN59.43696 24.75353VILNIUS54.68916 25.2798RIGA56.946 24.10589WARSAW52.22977 21.01178779364415000000BPM MEZZANINE FUND II MANAGEMENT OUPRIVATEPRIVATEPRIVATEAn equity commitment of up to EUR 15 million in favour of BPM Mezzanine Fund II L.P. (the "fund"). Thr fund seeks to make mezzanine and quasi-equity investments into companies predominantly in the small and medium-sized enterprise (SME) segment in Estonia, Latvia, Lithuania and Poland (the "target region") For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52446XI-IATI-EBRD-53221European Bank for Reconstruction and DevelopmentSubscription of USD 75 million in USD 825 million 5-year first Ukrainian Green and Sustainability-Linked Eurobond ("SLB") ever issued by the Ukrainian corporate, "National Power Company "Ukrenergo" (the "Company" or "Ukrenergo"), and backed by a state guarantee (the "Project"). It is the landmark transaction with an innovative structure never used before, and an important benchmark for the Ukrainian market. The Project will enable Ukrenergo to channel the SLB proceeds to the State Enterprise " Guaranteed Buyer" (the "Guaranteed Buyer"), which the Guaranteed Buyer will then use to repay its payment arrears owed to renewable energy producers accumulated during 2020 and 2021. The EBRD's participation in the transaction was conditional upon two key elements: (1) a clear commitment of the Government to ensure the proceeds are channelled in full towards the settlement of payment arrears owed to renewable energy producers; and (2) an obligation for the sector Regulator to set Ukrenergo's tariff at a cost recovery level, including full compensation to renewable energy producers going forward. The transaction will contribute to restoring the credibility of the sector and the confidence of private investors and financiers, whose investments are critical to the green transition of the Ukrainian economy.European Bank for Reconstruction and DevelopmentNATIONAL POWER COMPANY UKRENERGO PJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.523865657007.79NATIONAL POWER COMPANY UKRENERGO PJSC65657007.79NATIONAL POWER COMPANY UKRENERGO PJSCSTATESTATESTATESTATESubscription of USD 75 million in USD 825 million 5-year first Ukrainian Green and Sustainability-Linked Eurobond ("SLB") ever issued by the Ukrainian corporate, "National Power Company "Ukrenergo" (the "Company" or "Ukrenergo"), and backed by a state guarantee (the "Project"). It is the landmark transaction with an innovative structure never used before, and an important benchmark for the Ukrainian market. The Project will enable Ukrenergo to channel the SLB proceeds to the State Enterprise " Guaranteed Buyer" (the "Guaranteed Buyer"), which the Guaranteed Buyer will then use to repay its payment arrears owed to renewable energy producers accumulated during 2020 and 2021. The EBRD's participation in the transaction was conditional upon two key elements: (1) a clear commitment of the Government to ensure the proceeds are channelled in full towards the settlement of payment arrears owed to renewable energy producers; and (2) an obligation for the sector Regulator to set Ukrenergo's tariff at a cost recovery level, including full compensation to renewable energy producers going forward. The transaction will contribute to restoring the credibility of the sector and the confidence of private investors and financiers, whose investments are critical to the green transition of the Ukrainian economy. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53221XI-IATI-EBRD-56236European Bank for Reconstruction and DevelopmentA EUR 5 million senior loan to Eximbank, comprising of two equal tranches with the second tranche uncommitted, under the SME Competitiveness and Inclusion Programme in the Eastern Partnership for on-lending to eligible micro, small and medium enterprises (MSMEs). In addition to long-term financing, eligible sub-borrowers will receive technical assistance funded by the European Union (EU) and grant support in form of investment incentives. The proposed project will enable Eximbank to extend investment loans to local MSMEs, financing upgrades of technology and equipment necessary to meet EU standards in terms of product quality, health and safety measures and environmental preservation and thus will help businesses to become greener and more competitive. At least 70 percent of all financed sub-loans will be compliant with EBRD Green Economy Transition (GET) approach.European Bank for Reconstruction and DevelopmentBC EXIMBANK SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCHISINAU47.00556 28.85752500000BC EXIMBANK SAPRIVATEPRIVATEPRIVATEA EUR 5 million senior loan to Eximbank, comprising of two equal tranches with the second tranche uncommitted, under the SME Competitiveness and Inclusion Programme in the Eastern Partnership for on-lending to eligible micro, small and medium enterprises (MSMEs). In addition to long-term financing, eligible sub-borrowers will receive technical assistance funded by the European Union (EU) and grant support in form of investment incentives. The proposed project will enable Eximbank to extend investment loans to local MSMEs, financing upgrades of technology and equipment necessary to meet EU standards in terms of product quality, health and safety measures and environmental preservation and thus will help businesses to become greener and more competitive. At least 70 percent of all financed sub-loans will be compliant with EBRD Green Economy Transition (GET) approach. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56236XI-IATI-EBRD-53437European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan to Evocabank in the amount of up to EUR 10m under the Financial Intermediaries Framework ("FIF") for on-lending to private micro, small and medium enterprises ("MSMEs") in Armenia. The project will improve access to finance for MSMEs, which are the main source of employment in the private sector and a major contributor to the economy in Armenia. The loan will enable Evocabank to increase its outreach and meet unsatisfied demand for longer term funding from MSMEs. The focus will also be on lending in the regions outside of the capital and attracting new MSME clients. 20 per cent of the loan proceeds will be related to Green Economy Transition (GET) investments.European Bank for Reconstruction and DevelopmentEVOCABANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYEREVAN40.18111 44.51361500000010000000EVOCABANK CJSCPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan to Evocabank in the amount of up to EUR 10m under the Financial Intermediaries Framework ("FIF") for on-lending to private micro, small and medium enterprises ("MSMEs") in Armenia. The project will improve access to finance for MSMEs, which are the main source of employment in the private sector and a major contributor to the economy in Armenia. The loan will enable Evocabank to increase its outreach and meet unsatisfied demand for longer term funding from MSMEs. The focus will also be on lending in the regions outside of the capital and attracting new MSME clients. 20 per cent of the loan proceeds will be related to Green Economy Transition (GET) investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53437XI-IATI-EBRD-56292European Bank for Reconstruction and DevelopmentProvision of a senior loan of up to USD 7.0 million in AZN equivalent (the "Loan") in favour of Saloglu Holding LLC, a local furniture manufacturer and distributor, with proceeds to be used for capital expenditures and working capital needs. The Loan will be split into a committed tranche of USD 4.0 million and an uncommitted tranche of USD 3.0 million. Null ValueEuropean Bank for Reconstruction and DevelopmentSALOGLU HOLDING LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGQAZAX41.09246 45.365615252560.62SALOGLU HOLDING LLCPRIVATEPRIVATEPRIVATEProvision of a senior loan of up to USD 7.0 million in AZN equivalent (the "Loan") in favour of Saloglu Holding LLC, a local furniture manufacturer and distributor, with proceeds to be used for capital expenditures and working capital needs. The Loan will be split into a committed tranche of USD 4.0 million and an uncommitted tranche of USD 3.0 million. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56292XI-IATI-EBRD-49887European Bank for Reconstruction and DevelopmentThe proposed transaction is an equity commitment of up to USD 50 million in favour of Almaz Capital Fund III (the "Fund"). The Fund will seek to make equity and equity related investments predominantly in early-stage technology based micro, small and medium-sized enterprises in CEE/CIS, with the objective of achieving long-term capital appreciation.European Bank for Reconstruction and DevelopmentALMAZ CAPITAL FUND III SCSPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSOFIA42.69751 23.32415TALLINN59.43696 24.75353TBILISI41.69411 44.83368ZAGREB45.81444 15.97798PRISTINA42.67272 21.16688RIGA56.946 24.10589WARSAW52.22977 21.01178BUCHAREST44.43225 26.10626BELGRADE44.80401 20.46513KYIV50.45466 30.52385434514.4444536651.43ALMAZ CAPITAL FUND III SCSPPRIVATEPRIVATEPRIVATEThe proposed transaction is an equity commitment of up to USD 50 million in favour of Almaz Capital Fund III (the "Fund"). The Fund will seek to make equity and equity related investments predominantly in early-stage technology based micro, small and medium-sized enterprises in CEE/CIS, with the objective of achieving long-term capital appreciation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49887XI-IATI-EBRD-53573European Bank for Reconstruction and DevelopmentProvision of a long-term senior unsecured loan of up to EUR 250 million in favour of P3 Group S.a r.l. ("P3", the "Borrower", or the "Client"), to finance green certified logistics and industrial parks in the EBRD's countries of operations: Poland, the Czech Republic, the Slovak Republic, Romania and Serbia. The proceeds of the loan will be used by the Borrower to finance the acquisition, development and construction of warehouses in accordance with P3's Green Financing Framework.European Bank for Reconstruction and DevelopmentP3 GROUP SARLEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRAGUE50.08804 14.42076WARSAW52.22977 21.01178BUCHAREST44.43225 26.10626BELGRADE44.80401 20.46513BRATISLAVA48.14816 17.10674250000000P3 GROUP SARLPRIVATEPRIVATEPRIVATEProvision of a long-term senior unsecured loan of up to EUR 250 million in favour of P3 Group S.a r.l. ("P3", the "Borrower", or the "Client"), to finance green certified logistics and industrial parks in the EBRD's countries of operations: Poland, the Czech Republic, the Slovak Republic, Romania and Serbia. The proceeds of the loan will be used by the Borrower to finance the acquisition, development and construction of warehouses in accordance with P3's Green Financing Framework. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53573XI-IATI-EBRD-54191European Bank for Reconstruction and DevelopmentThe project concerns a follow-on equity investment in which EBRD will acquire an additional 5 per cent stake in ProCredit Holding AG & Co. KGaA. Added to the initial 3.6 per cent subscription made in 2018, this will bring the EBRD's stake to 8.7 per cent. As part of the transaction, the EBRD will also acquire a 9.9 per cent stake in the management company, ProCredit General Partner AG. The EBRD will become a core shareholder of the ProCredit Group alongside Zeitinger Invest, KfW, Doen Participaties and ProCredit Staff Invest. The stakes in each entity will be acquired in a private bilateral transaction from the International Finance Corporation (IFC). The completion of transaction is subject to regulatory approvals where applicable. The investment will support ProCredit Holding in its transformation to an open joint stock company while preserving its impact orientation, as announced by ProCredit Holding in October 2022. Furthermore, the EBRD will support the Group's business strategy, governance, and collaborate with ProCredit on furthering its climate mitigation practices and aligning its business and financial flows with the goals of the Paris Agreement.European Bank for Reconstruction and DevelopmentPROCREDIT HOLDING AGEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTIRANA41.3275 19.81889SARAJEVO43.84864 18.35644SOFIA42.69751 23.32415TBILISI41.69411 44.83368PRISTINA42.67272 21.16688CHISINAU47.00556 28.8575SKOPJE41.99646 21.43141BUCHAREST44.43225 26.10626BELGRADE44.80401 20.46513KYIV50.45466 30.523811630180.1PROCREDIT HOLDING AGPRIVATEPRIVATEPRIVATEThe project concerns a follow-on equity investment in which EBRD will acquire an additional 5 per cent stake in ProCredit Holding AG & Co. KGaA. Added to the initial 3.6 per cent subscription made in 2018, this will bring the EBRD's stake to 8.7 per cent. As part of the transaction, the EBRD will also acquire a 9.9 per cent stake in the management company, ProCredit General Partner AG. The EBRD will become a core shareholder of the ProCredit Group alongside Zeitinger Invest, KfW, Doen Participaties and ProCredit Staff Invest. The stakes in each entity will be acquired in a private bilateral transaction from the International Finance Corporation (IFC). The completion of transaction is subject to regulatory approvals where applicable. The investment will support ProCredit Holding in its transformation to an open joint stock company while preserving its impact orientation, as announced by ProCredit Holding in October 2022. Furthermore, the EBRD will support the Group's business strategy, governance, and collaborate with ProCredit on furthering its climate mitigation practices and aligning its business and financial flows with the goals of the Paris Agreement. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54191XI-IATI-EBRD-55265European Bank for Reconstruction and DevelopmentSenior secured loan of up to €50 million to BMT Alutech Solutions Croatia (the "Company"), to finance a green-field capex into manufacturing facility for a second-generation brake-by-wire systems. The loan will be guaranteed by BMT International Group. The loan proceeds will be utilized to finance the Company's capital expenditures into purchase and installation of equipment for production of innovative brake systems to be used in electric and hybrid vehicles.European Bank for Reconstruction and DevelopmentBMT ALUTECH SOLUTIONS CROATIA DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGHUM NA SUTLI46.21139 15.690282800000050000000BMT ALUTECH SOLUTIONS CROATIA DOOPRIVATEPRIVATEPRIVATESenior secured loan of up to €50 million to BMT Alutech Solutions Croatia (the "Company"), to finance a green-field capex into manufacturing facility for a second-generation brake-by-wire systems. The loan will be guaranteed by BMT International Group. The loan proceeds will be utilized to finance the Company's capital expenditures into purchase and installation of equipment for production of innovative brake systems to be used in electric and hybrid vehicles. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55265XI-IATI-EBRD-54357European Bank for Reconstruction and DevelopmentThe transaction involves the provision of two senior secured loans to Baltic Sea Polska II sp. z o.o. and C&C Wind sp. z o.o. (the "Borrowers"), special purpose companies incorporated in Poland. The loan proceeds will finance the continued operation of the 37.5MW Orla windfarm (originally constructed and financed in 2015 and owned by C&C Wind sp. z o.o.) and the construction and operation of the 31.5MW Grabkowo windfarm (owned by Baltic Sea Polska II sp. z o.o.) (the "Project"). The Project will contribute to climate mitigation by adding 31.5MW wind generation capacity to the Polish national energy system. Wind and solar farms are critical to help Poland in achieving its ambitious decarbonisation goals and diversifying away from hydrocarbon reliance. In addition, the Project will strengthen the private sector's role in the renewable energy sector in Poland.European Bank for Reconstruction and DevelopmentBALTIC SEA POLSKA II SP Z OOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.0117818613724.28BALTIC SEA POLSKA II SP Z OOPRIVATEPRIVATEPRIVATEThe transaction involves the provision of two senior secured loans to Baltic Sea Polska II sp. z o.o. and C&C Wind sp. z o.o. (the "Borrowers"), special purpose companies incorporated in Poland. The loan proceeds will finance the continued operation of the 37.5MW Orla windfarm (originally constructed and financed in 2015 and owned by C&C Wind sp. z o.o.) and the construction and operation of the 31.5MW Grabkowo windfarm (owned by Baltic Sea Polska II sp. z o.o.) (the "Project"). The Project will contribute to climate mitigation by adding 31.5MW wind generation capacity to the Polish national energy system. Wind and solar farms are critical to help Poland in achieving its ambitious decarbonisation goals and diversifying away from hydrocarbon reliance. In addition, the Project will strengthen the private sector's role in the renewable energy sector in Poland. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54357XI-IATI-EBRD-47569European Bank for Reconstruction and DevelopmentThe EBRD is providing a senior loan of up to KZT 2.5 billion to Joint Stock Company "Transenergo" (the "Company"), a district heating company in the city of Aktobe, in Kazakhstan, to support the rehabilitation and upgrade of the district heating (DH) production facilities and distribution network in Aktobe. The project aims to rehabilitate and modernise the district heating production facilities and the main networks operated by the Company. This would resultin enhanced energy efficiency, reduction in technical and commercial losses and improvements in environmental standards. Null ValueEuropean Bank for Reconstruction and DevelopmentAQTOBE SU-ENERGY GROUP JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGAKTOBE50.27969 57.207185610549.91AQTOBE SU-ENERGY GROUP JSC361970.96AQTOBE SU-ENERGY GROUP JSC445960.32AQTOBE SU-ENERGY GROUP JSC382189.13AQTOBE SU-ENERGY GROUP JSC270200.06AQTOBE SU-ENERGY GROUP JSC542956.44AQTOBE SU-ENERGY GROUP JSC1447883.85AQTOBE SU-ENERGY GROUP JSC1219368.17AQTOBE SU-ENERGY GROUP JSC917765.98AQTOBE SU-ENERGY GROUP JSCSTATESTATESTATESTATEThe EBRD is providing a senior loan of up to KZT 2.5 billion to Joint Stock Company "Transenergo" (the "Company"), a district heating company in the city of Aktobe, in Kazakhstan, to support the rehabilitation and upgrade of the district heating (DH) production facilities and distribution network in Aktobe. The project aims to rehabilitate and modernise the district heating production facilities and the main networks operated by the Company. This would resultin enhanced energy efficiency, reduction in technical and commercial losses and improvements in environmental standards. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47569XI-IATI-EBRD-48500European Bank for Reconstruction and DevelopmentThe EBRD has subscribed to a debut Schuldschein loan ("Schuldschein") placed by German automotive supplier Draexlmaier Group in the amount of EUR 40 million. The Loan will enable Draexlmaier to expand production capacity in Romania, Moldova, Serbia, FYR Macedonia and Tunisia.European Bank for Reconstruction and DevelopmentDRAXLMAIER GROUP SE AND CO KGEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCHISINAU47.00556 28.8575SKOPJE41.99646 21.43141BUCHAREST44.43225 26.10626BELGRADE44.80401 20.46513TUNIS36.81897 10.1657940000000DRAXLMAIER GROUP SE AND CO KGPRIVATEPRIVATEPRIVATEThe EBRD has subscribed to a debut Schuldschein loan ("Schuldschein") placed by German automotive supplier Draexlmaier Group in the amount of EUR 40 million. The Loan will enable Draexlmaier to expand production capacity in Romania, Moldova, Serbia, FYR Macedonia and Tunisia. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48500XI-IATI-EBRD-56527European Bank for Reconstruction and DevelopmentA senior secured loan of up to EUR 17.4 million to SIA Next Biogas, a special purpose company incorporated in Latvia for the purpose of developing and operating a biomethane production plant (the "Project"). The Project will benefit from the EBRD InvestEU Framework for Biofuels Development. The proceeds from the EBRD loan will be used to finance the capital expenditure for the acquisition of the existing Ekorima biogas plant, its expansion and upgrade to biomethane facility, construction of the CNG station, CO2 liquefaction, as well as gas grid injection infrastructure. The plant will have biomethane production capacity of 80,070 MWh/year producing bio-CNG (compressed biomethane), bioCO2, and digestate. Compressed biomethane will be transported via CNG trucks and injected into the gas grid. The Project aims to accelerate the green transition by reducing greenhouse gas emissions and promoting circular economy principles. By contributing to climate mitigation objectives 100% of the EBRD financing is classified as green finance.European Bank for Reconstruction and DevelopmentSIA NEXT BIOGASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGRIGA56.946 24.105892600000026000000SIA NEXT BIOGASPRIVATEPRIVATEPRIVATEA senior secured loan of up to EUR 17.4 million to SIA Next Biogas, a special purpose company incorporated in Latvia for the purpose of developing and operating a biomethane production plant (the "Project"). The Project will benefit from the EBRD InvestEU Framework for Biofuels Development. The proceeds from the EBRD loan will be used to finance the capital expenditure for the acquisition of the existing Ekorima biogas plant, its expansion and upgrade to biomethane facility, construction of the CNG station, CO2 liquefaction, as well as gas grid injection infrastructure. The plant will have biomethane production capacity of 80,070 MWh/year producing bio-CNG (compressed biomethane), bioCO2, and digestate. Compressed biomethane will be transported via CNG trucks and injected into the gas grid. The Project aims to accelerate the green transition by reducing greenhouse gas emissions and promoting circular economy principles. By contributing to climate mitigation objectives 100% of the EBRD financing is classified as green finance. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56527XI-IATI-EBRD-55657European Bank for Reconstruction and DevelopmentEBRD invested PLN 226.5 million (EUR 52 million) in CRR-compliant Additional Tier 1 ("AT1") capital issued by mBank in bond format as part of a local issuance totalling PLN 1.5 billion (EUR 346 million), which will be listed on the Warsaw Stock Exchange. This was the first AT1 bond issued in Poland and placed on the capital market. The bonds are perpetual, with a call option after 5 years. The project facilitates the introduction of a novel instrument to the Polish market through inaugural AT1 capital raising. EBRD's participation aims to bridge the market gap due to limited local investor base and heightened uncertainty of demand for the novel instrument, thereby supporting capital market development. The project enhances mBank's financial resilience to absorb shocks and strengthens its ability to provide a continuous flow of credit to the real economy by improving the quality of its capital base, supporting capital optimisation.European Bank for Reconstruction and DevelopmentMBANKEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.0117852927980.56MBANKPRIVATEPRIVATEPRIVATEEBRD invested PLN 226.5 million (EUR 52 million) in CRR-compliant Additional Tier 1 ("AT1") capital issued by mBank in bond format as part of a local issuance totalling PLN 1.5 billion (EUR 346 million), which will be listed on the Warsaw Stock Exchange. This was the first AT1 bond issued in Poland and placed on the capital market. The bonds are perpetual, with a call option after 5 years. The project facilitates the introduction of a novel instrument to the Polish market through inaugural AT1 capital raising. EBRD's participation aims to bridge the market gap due to limited local investor base and heightened uncertainty of demand for the novel instrument, thereby supporting capital market development. The project enhances mBank's financial resilience to absorb shocks and strengthens its ability to provide a continuous flow of credit to the real economy by improving the quality of its capital base, supporting capital optimisation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55657XI-IATI-EBRD-51422European Bank for Reconstruction and DevelopmentProvision of a loan of up to EUR 90 million to Georgia to support Georgian State Electrosystem (GSE) to implement reinforcement and enhancement of the electricity transmission grid in Georgia, contributing to a stable, reliable, cost-effective and efficient national transmission grid as a critical component of the efficient market infrastructure and electricity trading. The Project aims to support Georgian State Electrosystem to implement the national power grid reinforcement and enhancement investment project consisting of 4 main components: (1) construction of the 500kV overhead line (OHL) Tskaltubo-Akhaltisikhe-Tortum; (2) construction of the North Ring; (3) reinforcement of the transmission infrastructure in Guria region; and (4) reinforcement of the transmission infrastructure in Kakheti region. The proceeds of the Bank's loan are expected to finance the North Ring component, including construction of (1) 57km 220kV double-circuit overhead line (OHL) Nenskra-Mestia; (2) Extension of the 500kV switchyard in Jvari substation; (3) 500/220/110kV substation Nenskra; (4) 2km 500kV OHL Kavkasioni tie to substation Nenskra; (5) 50km 500kV single circuit OHL Lajanuri-Tskaltubo; (6) 60km 220kV double-circuit overhead line (OHL) Tskaltubo-Namakhvani-Tvishi-Lajanuri; and 7) extension of 220kV substation Tskaltubo.European Bank for Reconstruction and DevelopmentGEORGIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTBILISI41.69411 44.8336830013497.4290000000GEORGIA SOVEREIGN350000GEORGIA SOVEREIGN3378565.6GEORGIA SOVEREIGN451665.72GEORGIA SOVEREIGN806271.26GEORGIA SOVEREIGNSTATESTATESTATESTATEProvision of a loan of up to EUR 90 million to Georgia to support Georgian State Electrosystem (GSE) to implement reinforcement and enhancement of the electricity transmission grid in Georgia, contributing to a stable, reliable, cost-effective and efficient national transmission grid as a critical component of the efficient market infrastructure and electricity trading. The Project aims to support Georgian State Electrosystem to implement the national power grid reinforcement and enhancement investment project consisting of 4 main components: (1) construction of the 500kV overhead line (OHL) Tskaltubo-Akhaltisikhe-Tortum; (2) construction of the North Ring; (3) reinforcement of the transmission infrastructure in Guria region; and (4) reinforcement of the transmission infrastructure in Kakheti region. The proceeds of the Bank's loan are expected to finance the North Ring component, including construction of (1) 57km 220kV double-circuit overhead line (OHL) Nenskra-Mestia; (2) Extension of the 500kV switchyard in Jvari substation; (3) 500/220/110kV substation Nenskra; (4) 2km 500kV OHL Kavkasioni tie to substation Nenskra; (5) 50km 500kV single circuit OHL Lajanuri-Tskaltubo; (6) 60km 220kV double-circuit overhead line (OHL) Tskaltubo-Namakhvani-Tvishi-Lajanuri; and 7) extension of 220kV substation Tskaltubo. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51422XI-IATI-EBRD-55494European Bank for Reconstruction and DevelopmentProvision of long-term senior loan of up to $66 million for the development, construction and operation of a solar photovoltaic power plant with an installed capacity of 315 MW on a site located in Neftchala region in eastern Azerbaijan (the Project). The Project will be developed by a newly established special purpose vehicle in Azerbaijan, which will act as the borrower for the project. Abu Dhabi Future Energy Company PJSC (Masdar) will act as the sponsor for the project. The Project will add 315 MW of solar photovoltaic power generation capacity to the Azerbaijani power system. This would help substitute natural gas-based power plants and help the Government of Azerbaijan in meeting the renewable energy targets set in line with the country's commitments under the Paris Agreement. The Project will also result in strong environmental benefits with estimated annual CO2 emissions savings of up to 314,000 tonnes. This will assist the country in its low-carbon transition, reducing its current high reliance on thermal power generation.European Bank for Reconstruction and DevelopmentBANKA SOLAR SPV LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBAKU40.37767 49.8920155361651.6557558642.21BANKA SOLAR SPV LLCPRIVATEPRIVATEPRIVATEProvision of long-term senior loan of up to $66 million for the development, construction and operation of a solar photovoltaic power plant with an installed capacity of 315 MW on a site located in Neftchala region in eastern Azerbaijan (the Project). The Project will be developed by a newly established special purpose vehicle in Azerbaijan, which will act as the borrower for the project. Abu Dhabi Future Energy Company PJSC (Masdar) will act as the sponsor for the project. The Project will add 315 MW of solar photovoltaic power generation capacity to the Azerbaijani power system. This would help substitute natural gas-based power plants and help the Government of Azerbaijan in meeting the renewable energy targets set in line with the country's commitments under the Paris Agreement. The Project will also result in strong environmental benefits with estimated annual CO2 emissions savings of up to 314,000 tonnes. This will assist the country in its low-carbon transition, reducing its current high reliance on thermal power generation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55494XI-IATI-EBRD-55512European Bank for Reconstruction and DevelopmentLoan up to EUR 64.5 million to Sofidel S.p.A., a manufacturer of tissue paper for hygienic and domestic use. EBRD will support Sofidel's 2024-2026 investment programme in Romania, Hungary and Poland, contributing to Sofidel's 2030 climate targets formulated in line with the Science-Based Targets Initiative ("SBTi").European Bank for Reconstruction and DevelopmentSOFIDEL SPAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUDAPEST47.49835 19.04045WARSAW52.22977 21.01178BUCHAREST44.43225 26.1062664500000SOFIDEL SPAPRIVATEPRIVATEPRIVATELoan up to EUR 64.5 million to Sofidel S.p.A., a manufacturer of tissue paper for hygienic and domestic use. EBRD will support Sofidel's 2024-2026 investment programme in Romania, Hungary and Poland, contributing to Sofidel's 2030 climate targets formulated in line with the Science-Based Targets Initiative ("SBTi"). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55512XI-IATI-EBRD-55327European Bank for Reconstruction and DevelopmentProvision of a senior loan of up to €25 million to PBZ-Leasing Croatia ("PBZL") for on-lending to local micro, small and medium-sized enterprises ("MSMEs") under the Financial Intermediaries Framework ("FIF"). The loan will be used to provide leases to micro, small and medium-sized enterprises ("MSMEs") in Croatia. It will also support the Bank's Green Economy Transition ("GET") approach by dedicating at least 30 per cent of the facility to the financing of GET eligible sub-projects in Croatia based on the Green Technology Selector of eligible assets for Croatia.European Bank for Reconstruction and DevelopmentPBZ-LEASING DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGZAGREB45.81444 15.9779875000007500000PBZ-LEASING DOOPRIVATEPRIVATEPRIVATEProvision of a senior loan of up to €25 million to PBZ-Leasing Croatia ("PBZL") for on-lending to local micro, small and medium-sized enterprises ("MSMEs") under the Financial Intermediaries Framework ("FIF"). The loan will be used to provide leases to micro, small and medium-sized enterprises ("MSMEs") in Croatia. It will also support the Bank's Green Economy Transition ("GET") approach by dedicating at least 30 per cent of the facility to the financing of GET eligible sub-projects in Croatia based on the Green Technology Selector of eligible assets for Croatia. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55327XI-IATI-EBRD-48033European Bank for Reconstruction and DevelopmentAn additional equity commitment of up to USD 10 million to Emerging Europe Growth Fund III (the "Fund"), a Delaware limited partnership. The Fund seeks to generate long-term capital appreciation through equity and quasi-equity investments in growth-oriented small and medium-sized enterprises and mid-market companies primarily in Ukraine and Moldova.European Bank for Reconstruction and DevelopmentEMERGING EUROPE GROWTH FUND III LPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCHISINAU47.00556 28.8575KYIV50.45466 30.52381926983.6333327413.58EMERGING EUROPE GROWTH FUND III LPPRIVATEPRIVATEPRIVATEAn additional equity commitment of up to USD 10 million to Emerging Europe Growth Fund III (the "Fund"), a Delaware limited partnership. The Fund seeks to generate long-term capital appreciation through equity and quasi-equity investments in growth-oriented small and medium-sized enterprises and mid-market companies primarily in Ukraine and Moldova. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48033XI-IATI-EBRD-55679European Bank for Reconstruction and DevelopmentThe Project encompasses the construction of a pet food plant in Croatia, along with targeted investments to enhance MHP's energy security and operational efficiency in Ukraine. The Project will enable the Group to enhance its energy security, improve production and operational efficiency and diversify geographically.European Bank for Reconstruction and DevelopmentMHP SEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGZAGREB45.81444 15.97798KYIV50.45466 30.523840000000MHP SEPRIVATEPRIVATEPRIVATEThe Project encompasses the construction of a pet food plant in Croatia, along with targeted investments to enhance MHP's energy security and operational efficiency in Ukraine. The Project will enable the Group to enhance its energy security, improve production and operational efficiency and diversify geographically. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55679XI-IATI-EBRD-50458European Bank for Reconstruction and DevelopmentProvision of a sovereign loan of up to EUR 13.5 million to the Government of Kosovo for the regional water company Mitrovica ("RWCM" or the "Company") to finance a proportion of the extension and rehabilitation of the wastewater collection network and construction of a new wastewater treatment plan ("WWTP"). The loan will address critical wastewater treatment needs in the municipality of Mitrovica, the municipality of Vushtry and connecting neighboring municipalities and will benefit an estimated 211,000 inhabitants. The project will be co-financed with the European Investment Bank ("EIB"). An investment grant of up to EUR 5 million will be provided the Western Balkans Investment Framework ("WBIF"). The financing will enable the company to rehabilitate, upgrade and extend its wastewater network, and construct a new centralised WWTP in order to collect and treat the wastewater to the relevant EU environmental standards. The implementation of the project will result in significant environmental benefits to local freshwater resources by considerably reducing the volumes of raw wastewater and associated pollutant loads that will be discharged straight into the river. The project is expected to increase the number of people connected to the sewage network in the service area of the company.European Bank for Reconstruction and DevelopmentKOSOVO SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRISTINA42.67272 21.166881336500013500000KOSOVO SOVEREIGN135000KOSOVO SOVEREIGNSTATESTATESTATESTATEProvision of a sovereign loan of up to EUR 13.5 million to the Government of Kosovo for the regional water company Mitrovica ("RWCM" or the "Company") to finance a proportion of the extension and rehabilitation of the wastewater collection network and construction of a new wastewater treatment plan ("WWTP"). The loan will address critical wastewater treatment needs in the municipality of Mitrovica, the municipality of Vushtry and connecting neighboring municipalities and will benefit an estimated 211,000 inhabitants. The project will be co-financed with the European Investment Bank ("EIB"). An investment grant of up to EUR 5 million will be provided the Western Balkans Investment Framework ("WBIF"). The financing will enable the company to rehabilitate, upgrade and extend its wastewater network, and construct a new centralised WWTP in order to collect and treat the wastewater to the relevant EU environmental standards. The implementation of the project will result in significant environmental benefits to local freshwater resources by considerably reducing the volumes of raw wastewater and associated pollutant loads that will be discharged straight into the river. The project is expected to increase the number of people connected to the sewage network in the service area of the company. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50458XI-IATI-EBRD-51669European Bank for Reconstruction and DevelopmentProvision of up to EUR 120 million senior loan to the German retail chain Schwarz Group (Schwarz, or the Group), including up to EUR 70 million for investments in Greece and up to EUR 50 million in Moldova. The proceeds of the loan will be used to support the 2020-2021 investment programme of the Group focusing on the development of Lidl stores in Greece and Kaufland stores in Moldova.European Bank for Reconstruction and DevelopmentLIDL HELLAS AND SIA OEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTHESSALONIKI40.64361 22.9308670000000LIDL HELLAS AND SIA OEPRIVATEPRIVATEPRIVATEProvision of up to EUR 120 million senior loan to the German retail chain Schwarz Group (Schwarz, or the Group), including up to EUR 70 million for investments in Greece and up to EUR 50 million in Moldova. The proceeds of the loan will be used to support the 2020-2021 investment programme of the Group focusing on the development of Lidl stores in Greece and Kaufland stores in Moldova. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51669XI-IATI-EBRD-56510European Bank for Reconstruction and DevelopmentAn equity investment of up to €15 million in the Fund, which is seeking to raise €100 million in total capital. The Fund will make pre-seed and seed-stage equity and quasi-equity investments in early-stage technology companies in Türkiye as well as selected countries in Central and Eastern Europe ("CEE"), expected to be Poland, Hungary, Croatia, Slovenia, Estonia, Lithuania, Latvia, Bulgaria, Romania, Serbia, Moldova, Ukraine, Slovakia, Czechia, Albania, Montenegro, Bosnia & Herzegovina and Greece (collectively, the "Target Region"). Null ValueEuropean Bank for Reconstruction and DevelopmentE2VC FUND III CVEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSOFIA42.69751 23.32415TALLINN59.43696 24.75353ATHENS37.98376 23.72784BUDAPEST47.49835 19.04045VILNIUS54.68916 25.2798RIGA56.946 24.10589WARSAW52.22977 21.01178BUCHAREST44.43225 26.10626ANKARA39.91987 32.854271050000015000000E2VC FUND III CVPRIVATEPRIVATEPRIVATEAn equity investment of up to €15 million in the Fund, which is seeking to raise €100 million in total capital. The Fund will make pre-seed and seed-stage equity and quasi-equity investments in early-stage technology companies in Türkiye as well as selected countries in Central and Eastern Europe ("CEE"), expected to be Poland, Hungary, Croatia, Slovenia, Estonia, Lithuania, Latvia, Bulgaria, Romania, Serbia, Moldova, Ukraine, Slovakia, Czechia, Albania, Montenegro, Bosnia & Herzegovina and Greece (collectively, the "Target Region"). Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56510XI-IATI-EBRD-48029European Bank for Reconstruction and DevelopmentEBRD has invested in a follow-on equity investment in Alpha Services and Holdings SA in the amount of EUR 7 million. The Project is part of a EUR 800 million capital increase, which will be utilised in the context of Alpha's recent business plan announcement to (i) accelerate NPE clean up and improve balance sheet strength, (ii) improve operational efficiency, (iii) drive fee and commission income recovery, (iv) capitalise on the significant lending growth opportunity in the Grek banking sector and (v) help with international expansion in Romania.European Bank for Reconstruction and Development*INACTIVE* ALPHA SERVICES AND HOLDINGS SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATHENS37.98376 23.7278472016913*INACTIVE* ALPHA SERVICES AND HOLDINGS SAPRIVATEPRIVATEPRIVATEEBRD has invested in a follow-on equity investment in Alpha Services and Holdings SA in the amount of EUR 7 million. The Project is part of a EUR 800 million capital increase, which will be utilised in the context of Alpha's recent business plan announcement to (i) accelerate NPE clean up and improve balance sheet strength, (ii) improve operational efficiency, (iii) drive fee and commission income recovery, (iv) capitalise on the significant lending growth opportunity in the Grek banking sector and (v) help with international expansion in Romania. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48029XI-IATI-EBRD-54019European Bank for Reconstruction and DevelopmentProvision of a Bilateral Senior Loan of up to EUR 150 million to Pekao Leasing sp. z o.o. ("Pekao Leasing", "The Company") for sub-loans and leases to finance Polish corporates and MSMEs in compliance with the Policy Statement for the Resilience and Livelihoods Framework, a EUR 2 billion package to support Ukraine and other affected countries. The Project will enhance the lending capacity of Pekao Leasing S.A. and will be channelled for on-lending to businesses in Poland that have been directly or indirectly affected by economic consequences of the war on Ukraine through supply-chain disruptions and other shocks, with the ultimate goal of preserving livelihoods in the country. Moreover, the Project will contribute towards building a green economy by facilitating the expansion of energy efficiency, resource efficiency, renewable energy, water efficiency and waste minimisation investments, while supporting positive demonstration effects of green projects for MSMEs.European Bank for Reconstruction and DevelopmentPEKAO LEASING SP ZOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.01178110000000PEKAO LEASING SP ZOOPRIVATEPRIVATEPRIVATEProvision of a Bilateral Senior Loan of up to EUR 150 million to Pekao Leasing sp. z o.o. ("Pekao Leasing", "The Company") for sub-loans and leases to finance Polish corporates and MSMEs in compliance with the Policy Statement for the Resilience and Livelihoods Framework, a EUR 2 billion package to support Ukraine and other affected countries. The Project will enhance the lending capacity of Pekao Leasing S.A. and will be channelled for on-lending to businesses in Poland that have been directly or indirectly affected by economic consequences of the war on Ukraine through supply-chain disruptions and other shocks, with the ultimate goal of preserving livelihoods in the country. Moreover, the Project will contribute towards building a green economy by facilitating the expansion of energy efficiency, resource efficiency, renewable energy, water efficiency and waste minimisation investments, while supporting positive demonstration effects of green projects for MSMEs. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54019XI-IATI-EBRD-55447European Bank for Reconstruction and DevelopmentA senior loan of up to USD 60 million, as a part of a USD 120 million financing package, with 14-year tenor (the "Loan") to Borusan EnBW Enerji Yatirimlari ve Uretim A.S. (the "Borrower" or the "Company"), a renewable energy company incorporated in Turkiye. The proceeds of the Loan will be used for the development and construction of 35.4MWm/35.4 MWe wind capacity expansion at the Borrower's operating Balabanli wind power plant in Tekirdag and 80MWm/80MWe Pelit wind power plant in Sivas (the "Project").European Bank for Reconstruction and DevelopmentBORUSAN ENBW ENERJI YATIRIMLARI VE URETIM ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496652525606.23BORUSAN ENBW ENERJI YATIRIMLARI VE URETIM ASPRIVATEPRIVATEPRIVATEA senior loan of up to USD 60 million, as a part of a USD 120 million financing package, with 14-year tenor (the "Loan") to Borusan EnBW Enerji Yatirimlari ve Uretim A.S. (the "Borrower" or the "Company"), a renewable energy company incorporated in Turkiye. The proceeds of the Loan will be used for the development and construction of 35.4MWm/35.4 MWe wind capacity expansion at the Borrower's operating Balabanli wind power plant in Tekirdag and 80MWm/80MWe Pelit wind power plant in Sivas (the "Project"). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55447XI-IATI-EBRD-51207European Bank for Reconstruction and DevelopmentProvision of a sovereign loan of up to EUR 80 million to Georgia for on-lending to the city of Tbilisi (the "city") for the benefit of the Tbilisi Transport Company Ltd (the "company"), a municipal company, which operates buses, the metro system and cable cars in Tbilisi. The loan is divided in 2 tranches: EUR 65 million and EUR 15 million, respectively. The project will finance a new bus fleet of modern 12-meter low- floor compressed natural gas ("CNG") buses, and rehabilitation/modernisation of bus depots for the city. The investment will improve the reliability, safety and efficiency of public transport, while the CNG technology will reduce greenhouse gas emissions. The project will introduce low-floor buses, bringing significant social benefits by facilitating easy access for passengers with prams and shopping bags, especially women, and those with limited movement, including the elderly and the disabled. Moreover, the new buses will improve the safety of bus operations.European Bank for Reconstruction and DevelopmentGEORGIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTBILISI41.69411 44.8336811887625.3480000000GEORGIA SOVEREIGN650000GEORGIA SOVEREIGN6421221.64GEORGIA SOVEREIGN4564800GEORGIA SOVEREIGN2434560GEORGIA SOVEREIGN5051494GEORGIA SOVEREIGN150000GEORGIA SOVEREIGN7608000GEORGIA SOVEREIGN4609129.9GEORGIA SOVEREIGN21600GEORGIA SOVEREIGN6407018GEORGIA SOVEREIGN3028749.63GEORGIA SOVEREIGN3024600GEORGIA SOVEREIGN6049200GEORGIA SOVEREIGN8065600GEORGIA SOVEREIGN60167.5GEORGIA SOVEREIGN60000GEORGIA SOVEREIGN70000GEORGIA SOVEREIGN3309303.16GEORGIA SOVEREIGN1455GEORGIA SOVEREIGN30000GEORGIA SOVEREIGN28480.22GEORGIA SOVEREIGN404356.12GEORGIA SOVEREIGN481738.6GEORGIA SOVEREIGN33317.5GEORGIA SOVEREIGN555057.99GEORGIA SOVEREIGN2112866.66GEORGIA SOVEREIGN1915168.16GEORGIA SOVEREIGN66389.58GEORGIA SOVEREIGN898101GEORGIA SOVEREIGNSTATESTATESTATESTATEProvision of a sovereign loan of up to EUR 80 million to Georgia for on-lending to the city of Tbilisi (the "city") for the benefit of the Tbilisi Transport Company Ltd (the "company"), a municipal company, which operates buses, the metro system and cable cars in Tbilisi. The loan is divided in 2 tranches: EUR 65 million and EUR 15 million, respectively. The project will finance a new bus fleet of modern 12-meter low- floor compressed natural gas ("CNG") buses, and rehabilitation/modernisation of bus depots for the city. The investment will improve the reliability, safety and efficiency of public transport, while the CNG technology will reduce greenhouse gas emissions. The project will introduce low-floor buses, bringing significant social benefits by facilitating easy access for passengers with prams and shopping bags, especially women, and those with limited movement, including the elderly and the disabled. Moreover, the new buses will improve the safety of bus operations. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51207XI-IATI-EBRD-49353European Bank for Reconstruction and DevelopmentInvestment in Polish zloty-denominated subordinated bond in an amount of PLN 150 million (EUR 36 million) as part of a total aggregate issuance of PLN 1 billion (EUR 238 million) to be issued by Bank Zachodni WBK ("BZWBK" of the "Issuer"), a public company incorporated in Poland and the third largest commercial bank in Poland. BZWBK has committed to allocate the equivalent of 140 per cent of the proceeds from EBRD investments in the Bonds to finance loans for certified commercial and residential projects which meet the GET eligibility criteria for greenfield projects, in compliance with internationally accepted certification schemes.European Bank for Reconstruction and DevelopmentERSTE BANK POLSKA SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.01178104702199.03ERSTE BANK POLSKA SAPRIVATEPRIVATEPRIVATEInvestment in Polish zloty-denominated subordinated bond in an amount of PLN 150 million (EUR 36 million) as part of a total aggregate issuance of PLN 1 billion (EUR 238 million) to be issued by Bank Zachodni WBK ("BZWBK" of the "Issuer"), a public company incorporated in Poland and the third largest commercial bank in Poland. BZWBK has committed to allocate the equivalent of 140 per cent of the proceeds from EBRD investments in the Bonds to finance loans for certified commercial and residential projects which meet the GET eligibility criteria for greenfield projects, in compliance with internationally accepted certification schemes. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49353XI-IATI-EBRD-55775European Bank for Reconstruction and DevelopmentThe provision of a senior loan of up to EUR 225 million in favour of Fraport TAV Antalya Yatirim Yapim ve Isletme A.S. (the "Company" or the "Borrower") as part of a long-term project finance loan to be provided to the Company. The Company is an SPV established in Turkiye for the purposes of operating Antalya Airport ("AYT" or the "Airport") between 2027 and 2051, within the scope of a new 25-year concession awarded by the Turkish State Airports Authority ("DHMI") in 2021. The proceeds of the loan are expected to: (i) refinance the bridge loan raised by the Company between 2022-2024, and (ii) finance associated interest, financing and other expenses. By refinancing a bridge loan, the operation is expected enable the Company to replace a temporary financing solution with a sounder and long-term project finance loan. Antalya Airport is the gateway to a leading leisure tourism destination in Europe and 3rd largest airport in Turkiye, having served 38.2m passengers in 2024.European Bank for Reconstruction and DevelopmentFRAPORT TAV ANTALYA YATIRIM YAPIM VE ISLETME ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANTALYA36.90812 30.6955616984126.98200000000FRAPORT TAV ANTALYA YATIRIM YAPIM VE ISLETME ASPRIVATEPRIVATEPRIVATEThe provision of a senior loan of up to EUR 225 million in favour of Fraport TAV Antalya Yatirim Yapim ve Isletme A.S. (the "Company" or the "Borrower") as part of a long-term project finance loan to be provided to the Company. The Company is an SPV established in Turkiye for the purposes of operating Antalya Airport ("AYT" or the "Airport") between 2027 and 2051, within the scope of a new 25-year concession awarded by the Turkish State Airports Authority ("DHMI") in 2021. The proceeds of the loan are expected to: (i) refinance the bridge loan raised by the Company between 2022-2024, and (ii) finance associated interest, financing and other expenses. By refinancing a bridge loan, the operation is expected enable the Company to replace a temporary financing solution with a sounder and long-term project finance loan. Antalya Airport is the gateway to a leading leisure tourism destination in Europe and 3rd largest airport in Turkiye, having served 38.2m passengers in 2024. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55775XI-IATI-EBRD-54948European Bank for Reconstruction and DevelopmentThe Project aims to improve safety and reliability of Enguri HPP and to enhance the environmental benefits of the facility. The project is targeting further improvements to the reliability and operational performance of the Enguri power plant through implementation of the following programme: (i) structural stability works of the Enguri dam; I) next phase of the rehabilitation of the headrace tunnel, (iii) supplying current transformers, generator circuit-breakers, relay protection and automation system to the plant, (iv) installation of the emergency valve on one turbine penstock, (v) road rehabilitation required for daily monitoring of the dam, and (vi) construction of the fish passage to improve downstream flow of the Enguri river.European Bank for Reconstruction and DevelopmentGEORGIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTBILISI41.69411 44.8336826745495.1428000000GEORGIA SOVEREIGN280000GEORGIA SOVEREIGN50000GEORGIA SOVEREIGN42000GEORGIA SOVEREIGN31500GEORGIA SOVEREIGN149975.1GEORGIA SOVEREIGN31500GEORGIA SOVEREIGN31500GEORGIA SOVEREIGN51145.82GEORGIA SOVEREIGN37500GEORGIA SOVEREIGN102570GEORGIA SOVEREIGN26803.2GEORGIA SOVEREIGN332450.74GEORGIA SOVEREIGN45560GEORGIA SOVEREIGN42000GEORGIA SOVEREIGNSTATESTATESTATESTATEThe Project aims to improve safety and reliability of Enguri HPP and to enhance the environmental benefits of the facility. The project is targeting further improvements to the reliability and operational performance of the Enguri power plant through implementation of the following programme: (i) structural stability works of the Enguri dam; I) next phase of the rehabilitation of the headrace tunnel, (iii) supplying current transformers, generator circuit-breakers, relay protection and automation system to the plant, (iv) installation of the emergency valve on one turbine penstock, (v) road rehabilitation required for daily monitoring of the dam, and (vi) construction of the fish passage to improve downstream flow of the Enguri river. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54948XI-IATI-EBRD-51896European Bank for Reconstruction and DevelopmentOn 12 November 2024, the EBRD invested EUR 8 million in benchmark EUR 650 million green senior preferred issuance by National Bank of Greece ("NBG"). The bonds mature in 6 years, with a call option commencing in 5 years and are listed on the Luxemburg Stock Exchange. It follows EBRD's previous investments of (i) EUR 16.3 million in a benchmark EUR 500 million Tier 2 bonds issuance in March 2024 with 11.25 years maturity (call option in 6.25 years), listed on the Luxembourg stock exchange, (ii) EUR 40 million in a benchmark EUR 500 million senior preferred issuance by NBG in November 2022 with a maturity of 5 years (call option on the fourth year) and listed on the Luxembourg Stock Exchange, and (iii) EUR 50 million in a benchmark EUR 500 million issuance of senior preferred green bonds in October 2020 with 6-year maturity (call option on the fifth year) and listed on the Luxembourg stock exchange. The Project supports the resilience and regulatory compliance of a systemic bank in Greece and contributes to the capital market development by supporting the issuance of new instruments by Greek banks. In addition, the Project supports EBRD's Green Economy Transition ("GET") objectives in Greece through (i) investments in Green Bonds, (ii) as well as NBG allocating 1.5x EBRD's investment in bonds that are not issued in the Green or Sustainability Bond format to finance GET eligible projects.European Bank for Reconstruction and DevelopmentNATIONAL BANK OF GREECEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATHENS37.98376 23.72784173000000NATIONAL BANK OF GREECEPRIVATEPRIVATEPRIVATEOn 12 November 2024, the EBRD invested EUR 8 million in benchmark EUR 650 million green senior preferred issuance by National Bank of Greece ("NBG"). The bonds mature in 6 years, with a call option commencing in 5 years and are listed on the Luxemburg Stock Exchange. It follows EBRD's previous investments of (i) EUR 16.3 million in a benchmark EUR 500 million Tier 2 bonds issuance in March 2024 with 11.25 years maturity (call option in 6.25 years), listed on the Luxembourg stock exchange, (ii) EUR 40 million in a benchmark EUR 500 million senior preferred issuance by NBG in November 2022 with a maturity of 5 years (call option on the fourth year) and listed on the Luxembourg Stock Exchange, and (iii) EUR 50 million in a benchmark EUR 500 million issuance of senior preferred green bonds in October 2020 with 6-year maturity (call option on the fifth year) and listed on the Luxembourg stock exchange. The Project supports the resilience and regulatory compliance of a systemic bank in Greece and contributes to the capital market development by supporting the issuance of new instruments by Greek banks. In addition, the Project supports EBRD's Green Economy Transition ("GET") objectives in Greece through (i) investments in Green Bonds, (ii) as well as NBG allocating 1.5x EBRD's investment in bonds that are not issued in the Green or Sustainability Bond format to finance GET eligible projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51896XI-IATI-EBRD-54973European Bank for Reconstruction and DevelopmentSenior secured loan in favour of Fiberhost S.A. ("Fiberhost") and INEA s.p. zo.o ("Inea") (together, the "Group", the "Company"), a leading wholesale fibre broadband operator and a retail telecom services provider, respectively, incorporated in Poland. The Bank's financing will support Fibre-to-the-Home ("FTTH") network expansion and modernisation, as well as the commercial development of Inea. EBRD will co-finance the capex plan of the Group, which supports its network expansion and modernisation, as well as the commercial development of Fiberhost and Inea. A large portion of the capex will be allocated to connecting households in rural and peri-urban areas of Poland to fibre technology.European Bank for Reconstruction and DevelopmentFIBERHOST SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPOZNAN52.40692 16.9299371143801.91104702199.03FIBERHOST SAPRIVATEPRIVATEPRIVATESenior secured loan in favour of Fiberhost S.A. ("Fiberhost") and INEA s.p. zo.o ("Inea") (together, the "Group", the "Company"), a leading wholesale fibre broadband operator and a retail telecom services provider, respectively, incorporated in Poland. The Bank's financing will support Fibre-to-the-Home ("FTTH") network expansion and modernisation, as well as the commercial development of Inea. EBRD will co-finance the capex plan of the Group, which supports its network expansion and modernisation, as well as the commercial development of Fiberhost and Inea. A large portion of the capex will be allocated to connecting households in rural and peri-urban areas of Poland to fibre technology. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54973XI-IATI-EBRD-48989European Bank for Reconstruction and DevelopmentInvestment of up to HUF 40 billion (approx. EUR 130 million), in any case up to 20% of the size of each issuance, in series of HUF denominated covered bonds to be issued by OTP Mortgage Bank ("OTP MB") over a period of 3 years on the Hungarian capital market. The covered bond transaction will support OTP MB to access medium- to long-term funding outside OTP Group and to comply with the mortgage funding adequacy ratio introduced by the National Bank of Hungary ("NBH") with the objective to improve the maturity mismatch between HUF-denominated assets and liabilities in the banking sector.European Bank for Reconstruction and DevelopmentOTP MORTGAGE BANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUDAPEST47.49835 19.0404554029973.51OTP MORTGAGE BANK CJSCPRIVATEPRIVATEPRIVATEInvestment of up to HUF 40 billion (approx. EUR 130 million), in any case up to 20% of the size of each issuance, in series of HUF denominated covered bonds to be issued by OTP Mortgage Bank ("OTP MB") over a period of 3 years on the Hungarian capital market. The covered bond transaction will support OTP MB to access medium- to long-term funding outside OTP Group and to comply with the mortgage funding adequacy ratio introduced by the National Bank of Hungary ("NBH") with the objective to improve the maturity mismatch between HUF-denominated assets and liabilities in the banking sector. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48989XI-IATI-EBRD-56214European Bank for Reconstruction and DevelopmentThe development, construction, and operation of a 112 MW wind farm in Smiltene, Latvia (the "Project"). The Project is owned by a limited liability company SIA WPR2 (the "Borrower" or the "Client"), incorporated in Latvia, which is co-owned by Taaleri SolarWind III Fund (managed by Taaleri Energia), and UAB Atsinaujinancios energetikos investicijos (AEI), a fund managed by Lords LB Asset Management. The Project will contribute to climate mitigation by adding new wind generation capacity to Latvia's national energy system. Renewable energy is critical to Latvia's commitment to achieving climate neutrality by 2050. The additional capacity to Latvia's grid will enable the Project to accelerate the expansion of the country's wind sector, complementing hydropower generation by diversifying the country's renewable energy mix across seasons. In addition, the Project will foster greater private sector participation in the market and stimulate further development of a competitive energy market, as the Project will rely on a combination of a power purchase agreement and market offtake, without the need for state aid in the form of feed-in tariffs or feed-in premiums.European Bank for Reconstruction and DevelopmentSIA WPR2European Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGRIGA56.946 24.1058915023333.3332000000SIA WPR2PRIVATEPRIVATEPRIVATEThe development, construction, and operation of a 112 MW wind farm in Smiltene, Latvia (the "Project"). The Project is owned by a limited liability company SIA WPR2 (the "Borrower" or the "Client"), incorporated in Latvia, which is co-owned by Taaleri SolarWind III Fund (managed by Taaleri Energia), and UAB Atsinaujinancios energetikos investicijos (AEI), a fund managed by Lords LB Asset Management. The Project will contribute to climate mitigation by adding new wind generation capacity to Latvia's national energy system. Renewable energy is critical to Latvia's commitment to achieving climate neutrality by 2050. The additional capacity to Latvia's grid will enable the Project to accelerate the expansion of the country's wind sector, complementing hydropower generation by diversifying the country's renewable energy mix across seasons. In addition, the Project will foster greater private sector participation in the market and stimulate further development of a competitive energy market, as the Project will rely on a combination of a power purchase agreement and market offtake, without the need for state aid in the form of feed-in tariffs or feed-in premiums. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56214XI-IATI-EBRD-53609European Bank for Reconstruction and DevelopmentAn equity investment of up to EUR 50 million in a limited liability company to be established in Lithuania, which will act as a joint venture (the "JV") between the Bank and UAB Releven (the "Sponsor" or "Releven"). The proposed JV will focus on the development of modern, sustainable mixed-use and residential assets located in Vilnius' core submarkets (the "Project"). The EBRD's investment will enable the development of a number of residential and mixed-use projects in Vilnius, Lithuania, promoting urban regeneration by focusing on redeveloping brownfield sites and developing underused land in central locations. The Project strongly aligns with the EBRD Real Estate Strategy 2025-2029, reinforcing priorities such as decarbonisation, urban regeneration and shortages of quality housing. By setting new benchmarks for environmentally sustainable mixed-use developments, the Project will serve as a model for sustainable urban transformation in Lithuania and the broader CEE region.European Bank for Reconstruction and DevelopmentRELEVEN GP2 UABEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGVILNIUS54.68916 25.27983664009RELEVEN GP2 UAB14979664.84RELEVEN GP2 UABPRIVATEPRIVATEPRIVATEAn equity investment of up to EUR 50 million in a limited liability company to be established in Lithuania, which will act as a joint venture (the "JV") between the Bank and UAB Releven (the "Sponsor" or "Releven"). The proposed JV will focus on the development of modern, sustainable mixed-use and residential assets located in Vilnius' core submarkets (the "Project"). The EBRD's investment will enable the development of a number of residential and mixed-use projects in Vilnius, Lithuania, promoting urban regeneration by focusing on redeveloping brownfield sites and developing underused land in central locations. The Project strongly aligns with the EBRD Real Estate Strategy 2025-2029, reinforcing priorities such as decarbonisation, urban regeneration and shortages of quality housing. By setting new benchmarks for environmentally sustainable mixed-use developments, the Project will serve as a model for sustainable urban transformation in Lithuania and the broader CEE region. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53609XI-IATI-EBRD-57005European Bank for Reconstruction and DevelopmentIn May 2026, the EBRD invested €50 million in the €400 million Senior Preferred bond issued by Erste&Steiermarkische bank d.d. ("EBC"), the third largest bank in Croatia. The bond has a 6NC5 tenor and is listed both on the Vienna Stock Exchange and the Zagreb Stock Exchange. The Project contributes to capital market development in Croatia by facilitating continuous bond issuances by EBC, hence deepening and strengthening Croatia's capital market, ensuring consistent supply of benchmark instruments, local listings and extended maturities. The Project also delivers on the Bank's green agenda, accelerating Croatia's green transition by scaling high impact green financing and expanding the market for labelled bonds. It also supports the resilience and regulatory compliance of one of the largest banks in Croatia.European Bank for Reconstruction and DevelopmentERSTE & STEIERMARKISCHE BANK DDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGRIJEKA45.32673 14.4424150000000ERSTE & STEIERMARKISCHE BANK DDPRIVATEPRIVATEPRIVATEIn May 2026, the EBRD invested €50 million in the €400 million Senior Preferred bond issued by Erste&Steiermarkische bank d.d. ("EBC"), the third largest bank in Croatia. The bond has a 6NC5 tenor and is listed both on the Vienna Stock Exchange and the Zagreb Stock Exchange. The Project contributes to capital market development in Croatia by facilitating continuous bond issuances by EBC, hence deepening and strengthening Croatia's capital market, ensuring consistent supply of benchmark instruments, local listings and extended maturities. The Project also delivers on the Bank's green agenda, accelerating Croatia's green transition by scaling high impact green financing and expanding the market for labelled bonds. It also supports the resilience and regulatory compliance of one of the largest banks in Croatia. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57005XI-IATI-EBRD-52447European Bank for Reconstruction and DevelopmentAn equity commitment of up to EUR 10 million in favour of Marathon Venture Capital Mutual Fund II (the "Fund"). The project will form part of the Bank's Early-Stage Innovation Facility, a EUR 100 million facility through which the EBRD selectively invests in early-stage venture capital funds. The Fund will make equity and equity-related investments in early-stage technology companies operating in Greece.European Bank for Reconstruction and DevelopmentMARATHON VENTURE CAPITAL MUTUAL FUND IIEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATHENS37.98376 23.727843699404.910000000MARATHON VENTURE CAPITAL MUTUAL FUND IIPRIVATEPRIVATEPRIVATEAn equity commitment of up to EUR 10 million in favour of Marathon Venture Capital Mutual Fund II (the "Fund"). The project will form part of the Bank's Early-Stage Innovation Facility, a EUR 100 million facility through which the EBRD selectively invests in early-stage venture capital funds. The Fund will make equity and equity-related investments in early-stage technology companies operating in Greece. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52447XI-IATI-EBRD-49586European Bank for Reconstruction and DevelopmentInvestment in up to 5 per cent of the net asset value (capped at USD 100 million) of "Amundi Planet - Emerging Green One", a fixed income sub-fund, designed to become the world's largest green bond fund and the first exclusively dedicated to emerging markets. The fund was set up by Amundi, the leading European asset manager, in partnership with the International Finance Corporation (IFC), a member of the World Bank Group. It is the first fund focusing on investing in green bonds issued by private sector financial institutions. In connection with the EBRD's participation, the fund will work to allocate a multiple of at least three times the Bank's investment to the EBRD's countries of operations as part of the fund's regional diversification policy. The targets for the greening of the overall portfolio will also apply at the same rate to the amount allocated to the EBRD regions. The EBRD's investment is subject to agreement of final terms and investment documentation. Through investing in green bonds the Fund will facilitate capital-raising and investment in projects with environmental benefits and use capital market mechanisms in order to help channel capital flows to green projects that advance transition towards a low-carbon economy. Through its participation in the fund, the EBRD will work to establish harmonised best practices for emerging market green bond issuances in line with the Green Bond Principles, the market reference developed by a broad forum of market participants, including the EBRD, and intermediated by the International Capital Market Association.European Bank for Reconstruction and DevelopmentEMERGING GREEN ONEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYEREVAN40.18111 44.51361TBILISI41.69411 44.83368ZAGREB45.81444 15.97798BEIRUT33.89332 35.50157RABAT34.01325 -6.83255WARSAW52.22977 21.01178ANKARA39.91987 32.8542756902740.09EMERGING GREEN ONEPRIVATEPRIVATEPRIVATEInvestment in up to 5 per cent of the net asset value (capped at USD 100 million) of "Amundi Planet - Emerging Green One", a fixed income sub-fund, designed to become the world's largest green bond fund and the first exclusively dedicated to emerging markets. The fund was set up by Amundi, the leading European asset manager, in partnership with the International Finance Corporation (IFC), a member of the World Bank Group. It is the first fund focusing on investing in green bonds issued by private sector financial institutions. In connection with the EBRD's participation, the fund will work to allocate a multiple of at least three times the Bank's investment to the EBRD's countries of operations as part of the fund's regional diversification policy. The targets for the greening of the overall portfolio will also apply at the same rate to the amount allocated to the EBRD regions. The EBRD's investment is subject to agreement of final terms and investment documentation. Through investing in green bonds the Fund will facilitate capital-raising and investment in projects with environmental benefits and use capital market mechanisms in order to help channel capital flows to green projects that advance transition towards a low-carbon economy. Through its participation in the fund, the EBRD will work to establish harmonised best practices for emerging market green bond issuances in line with the Green Bond Principles, the market reference developed by a broad forum of market participants, including the EBRD, and intermediated by the International Capital Market Association. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49586XI-IATI-EBRD-55094European Bank for Reconstruction and DevelopmentA Resilience and Livelihoods Guarantee ("RLG"), under the Resilience and Livelihoods Framework, in the form of an unfunded portfolio risk-sharing facility covering up to 50 per cent of the credit risk in sub-loans with the total value of EUR 120 million equivalent (the "Covered Portfolio") to be originated by JSC OTP Bank ("OTPU", the "PFI") in Ukraine. The Project will be delivered in two equal tranches each including EUR 15 million of EBRD's guarantee to cover EUR 60 million of the Covered Portfolio with Tranche B being uncommitted. The Project will include a sub-limit under the SME Competitiveness Programme in the European Union's (EU) Eastern Partnership ("EaP SMEC" sub-limit, assigned with a separate EBRD project number 55095) of up to €18 million or 15% of the Covered Portfolio to finance long term capital investments of micro-, small-, and medium sized enterprises ("MSMEs") to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of EaP SMEC sub-limit), thereby enhancing businesses' competitiveness. Eligible sub-borrowers will also receive EU funded technical assistance and grant support in the form of investment incentives upon the completion of their investment projects. The Facility will be used to support lending to Ukrainian private companies operating in the primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in Ukraine.European Bank for Reconstruction and DevelopmentOTP BANK PJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.52382550000025500000OTP BANK PJSCPRIVATEPRIVATEPRIVATEA Resilience and Livelihoods Guarantee ("RLG"), under the Resilience and Livelihoods Framework, in the form of an unfunded portfolio risk-sharing facility covering up to 50 per cent of the credit risk in sub-loans with the total value of EUR 120 million equivalent (the "Covered Portfolio") to be originated by JSC OTP Bank ("OTPU", the "PFI") in Ukraine. The Project will be delivered in two equal tranches each including EUR 15 million of EBRD's guarantee to cover EUR 60 million of the Covered Portfolio with Tranche B being uncommitted. The Project will include a sub-limit under the SME Competitiveness Programme in the European Union's (EU) Eastern Partnership ("EaP SMEC" sub-limit, assigned with a separate EBRD project number 55095) of up to €18 million or 15% of the Covered Portfolio to finance long term capital investments of micro-, small-, and medium sized enterprises ("MSMEs") to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of EaP SMEC sub-limit), thereby enhancing businesses' competitiveness. Eligible sub-borrowers will also receive EU funded technical assistance and grant support in the form of investment incentives upon the completion of their investment projects. The Facility will be used to support lending to Ukrainian private companies operating in the primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55094XI-IATI-EBRD-54149European Bank for Reconstruction and DevelopmentThe Project comprises financing of essential capex and working capital needs of the agro-industrial holding "Astarta-Kyiv" ("Astarta" or "Astarta Group"). The Project will support Astarta in financing its essential capex related to modernisation, energy efficiency and environmental improvements of existing production facilities and introduction of climate smart agricultural practices to increase business resilience, as well as working capital needs associated with farming, sugar and soybean processing activities of the Group.European Bank for Reconstruction and DevelopmentTSUKORAGROPROM LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.523818383962.19TSUKORAGROPROM LLCPRIVATEPRIVATEPRIVATEThe Project comprises financing of essential capex and working capital needs of the agro-industrial holding "Astarta-Kyiv" ("Astarta" or "Astarta Group"). The Project will support Astarta in financing its essential capex related to modernisation, energy efficiency and environmental improvements of existing production facilities and introduction of climate smart agricultural practices to increase business resilience, as well as working capital needs associated with farming, sugar and soybean processing activities of the Group. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54149XI-IATI-EBRD-56596European Bank for Reconstruction and DevelopmentThe project involves a long-term senior loan of up to EUR 50 million to Volyn West Wind-2 LLC and Volyn West Wind-3 LLC (jointly referred to as the "Borrowers" or the "Client"), special purpose vehicles incorporated in Ukraine. The loan will be a part of a senior secured debt financing to be provided by a consortium of development financial institutions including the EBRD, IFC, BSTDB (together, the "Lenders"), to finance the construction and operation of a 189 MW wind power plant ("WPP") in Ukraine (the "Project"). The Project will benefit from a guarantee and technical assistance ("TA") funds under the EU's Ukraine Investment Framework ("UIF") Hi-Bar programme. The Borrowers are majority-owned by VI.AN Holding, which forms part of OKKO Group AG ("OKKO Group"). The Project will strengthen Ukraine's energy resilience by constructing a 189 MW wind power plant. With significant power generation capacity of Ukraine destroyed because of the war, this investment is crucial to address the severe energy shortfall, support Ukraine's decarbonisation goals, and boost the private sector's role in further development of the renewable energy sector in the country.European Bank for Reconstruction and DevelopmentVOLYN WEST WIND-3European Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGZATURTSI5000000050000000VOLYN WEST WIND-3PRIVATEPRIVATEPRIVATEThe project involves a long-term senior loan of up to EUR 50 million to Volyn West Wind-2 LLC and Volyn West Wind-3 LLC (jointly referred to as the "Borrowers" or the "Client"), special purpose vehicles incorporated in Ukraine. The loan will be a part of a senior secured debt financing to be provided by a consortium of development financial institutions including the EBRD, IFC, BSTDB (together, the "Lenders"), to finance the construction and operation of a 189 MW wind power plant ("WPP") in Ukraine (the "Project"). The Project will benefit from a guarantee and technical assistance ("TA") funds under the EU's Ukraine Investment Framework ("UIF") Hi-Bar programme. The Borrowers are majority-owned by VI.AN Holding, which forms part of OKKO Group AG ("OKKO Group"). The Project will strengthen Ukraine's energy resilience by constructing a 189 MW wind power plant. With significant power generation capacity of Ukraine destroyed because of the war, this investment is crucial to address the severe energy shortfall, support Ukraine's decarbonisation goals, and boost the private sector's role in further development of the renewable energy sector in the country. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56596XI-IATI-EBRD-47357European Bank for Reconstruction and DevelopmentThe EBRD is providing an operation in favour of the European Fund for Southeast Europe (EFSE or the 'Fund'), an investment company with variable capital ('SICAV') incorporated in the Grand Duchy of Luxembourg. The operation consists of the investment of EUR 20 million in B shares and EUR 20 million in A shares (or the USD equivalent amount thereof) of the Fund. The operation will enable the Fund to continue providing medium to long-term funding to qualified financial intermediaries, for on-lending to micro, small and medium-sized enterprises ('MSMEs') and for rural, housing and agricultural finance in Southeast Europe (SEE) and the European Neighbourhood Region (ENR).European Bank for Reconstruction and DevelopmentEUROPEAN FUND FOR SOUTHEAST EUROPE SA SICAV-SIFEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTIRANA41.3275 19.81889YEREVAN40.18111 44.51361BAKU40.37767 49.89201SARAJEVO43.84864 18.35644MINSK53.9 27.56667TBILISI41.69411 44.83368ZAGREB45.81444 15.97798PRISTINA42.67272 21.16688PODGORICA42.44111 19.26361SKOPJE41.99646 21.43141BUCHAREST44.43225 26.10626BELGRADE44.80401 20.46513ANKARA39.91987 32.85427KYIV50.45466 30.523820000000EUROPEAN FUND FOR SOUTHEAST EUROPE SA SICAV-SIFPRIVATEPRIVATEPRIVATEThe EBRD is providing an operation in favour of the European Fund for Southeast Europe (EFSE or the 'Fund'), an investment company with variable capital ('SICAV') incorporated in the Grand Duchy of Luxembourg. The operation consists of the investment of EUR 20 million in B shares and EUR 20 million in A shares (or the USD equivalent amount thereof) of the Fund. The operation will enable the Fund to continue providing medium to long-term funding to qualified financial intermediaries, for on-lending to micro, small and medium-sized enterprises ('MSMEs') and for rural, housing and agricultural finance in Southeast Europe (SEE) and the European Neighbourhood Region (ENR). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47357XI-IATI-EBRD-54122European Bank for Reconstruction and DevelopmentThe original operation was to finance only the acquisition of materials required for the rehabilitation of the railway infrastructure on Moldova's Valcinets - Balti - Ungheni section (Tranche I) and the Chisinau - Cainari section (Tranche II). Following the approval of the loan increase (Moldovan Railways Crisis Response - Loan Increase, OpID 55285 which forms an integral part of the Project), the Project scope was updated and now includes the railway infrastructure rehabilitation (all components) of the entire North-Central section (Valcinets - Balti - Ungheni - Chisinau - Cainari section) of the North-South Rail Corridor (the "Project"). This is an update of the PSD originally published on 15 March 2023. The Project will support Moldova's economic development, increase its logistics and transit potential and bring operational efficiency from improved regional infrastructure through the rehabilitation of the railway sections on the North-South Rail Corridor. The Project will facilitate the transportation of goods via alternative routes from Ukraine via Moldova to the EU. This aims to ensure food security and improves the access for Ukrainian goods to the largest operable port at the Black Sea, Constanta, as well as to ports in Romania, Moldova and Ukraine - at Galati, Reni, Ismail and Giurgiulesti, with a cumulative operating capacity that can absorb a significant part of Ukraine's export needs. The Project supports the shift from high to low-carbon modes of transport as the goods from and to Ukraine via Moldova are predominantly transported by road due to the lack of capacity of the Moldovan North-Central railway network. The Project is expected to increase the throughput capacity and lift speed restrictions on the current rail infrastructure.European Bank for Reconstruction and DevelopmentMOLDOVA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCHISINAU47.00556 28.85752300000023000000MOLDOVA SOVEREIGNSTATESTATESTATESTATEThe original operation was to finance only the acquisition of materials required for the rehabilitation of the railway infrastructure on Moldova's Valcinets - Balti - Ungheni section (Tranche I) and the Chisinau - Cainari section (Tranche II). Following the approval of the loan increase (Moldovan Railways Crisis Response - Loan Increase, OpID 55285 which forms an integral part of the Project), the Project scope was updated and now includes the railway infrastructure rehabilitation (all components) of the entire North-Central section (Valcinets - Balti - Ungheni - Chisinau - Cainari section) of the North-South Rail Corridor (the "Project"). This is an update of the PSD originally published on 15 March 2023. The Project will support Moldova's economic development, increase its logistics and transit potential and bring operational efficiency from improved regional infrastructure through the rehabilitation of the railway sections on the North-South Rail Corridor. The Project will facilitate the transportation of goods via alternative routes from Ukraine via Moldova to the EU. This aims to ensure food security and improves the access for Ukrainian goods to the largest operable port at the Black Sea, Constanta, as well as to ports in Romania, Moldova and Ukraine - at Galati, Reni, Ismail and Giurgiulesti, with a cumulative operating capacity that can absorb a significant part of Ukraine's export needs. The Project supports the shift from high to low-carbon modes of transport as the goods from and to Ukraine via Moldova are predominantly transported by road due to the lack of capacity of the Moldovan North-Central railway network. The Project is expected to increase the throughput capacity and lift speed restrictions on the current rail infrastructure. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54122XI-IATI-EBRD-55061European Bank for Reconstruction and DevelopmentThe proposed transaction is an equity commitment of up to EUR 15 million in favour of Booster Capital Fund SCS (the "Fund"). The Fund will make equity and equity related investments in SMEs in Romania, Hungary, Bulgaria, Croatia and Slovenia, with the objective of generating long-term capital appreciation.European Bank for Reconstruction and DevelopmentBOOSTER CAPITAL FUND IEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSOFIA42.69751 23.32415ZAGREB45.81444 15.97798BUDAPEST47.49835 19.04045BUCHAREST44.43225 26.10626LJUBLJANA46.05108 14.505139666589.7215000000BOOSTER CAPITAL FUND IPRIVATEPRIVATEPRIVATEThe proposed transaction is an equity commitment of up to EUR 15 million in favour of Booster Capital Fund SCS (the "Fund"). The Fund will make equity and equity related investments in SMEs in Romania, Hungary, Bulgaria, Croatia and Slovenia, with the objective of generating long-term capital appreciation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55061XI-IATI-EBRD-54966European Bank for Reconstruction and DevelopmentThe provision of a senior loan (the "Loan") of up to US$ 150 million to Ukraine based ArcelorMittal Kryviy Rih JSC (the "Company"), a joint stock company majority owned by ArcelorMittal Group ("AMG"). The Loan will be used for financing of working capital needs of the company to ensure the continuity of operations in Ukraine.European Bank for Reconstruction and DevelopmentARCELORMITTAL KRYVYI RIHEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKRYVYI RIH47.90966 33.3804470034141.64ARCELORMITTAL KRYVYI RIHPRIVATEPRIVATEPRIVATEThe provision of a senior loan (the "Loan") of up to US$ 150 million to Ukraine based ArcelorMittal Kryviy Rih JSC (the "Company"), a joint stock company majority owned by ArcelorMittal Group ("AMG"). The Loan will be used for financing of working capital needs of the company to ensure the continuity of operations in Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54966XI-IATI-EBRD-47603European Bank for Reconstruction and DevelopmentEBRD is providing an equity commitment to Diorama Hellenic Growth Fund (the Fund), a private equity fund operating in Greece and focused on investment primarily in small and medium sized enterprises (SMEs) in the country. The Fund will make equity and equity-related investments in fast-growing companies with experienced management teams with the objective of achieving long-term capital growth.European Bank for Reconstruction and DevelopmentDIORAMA INVESTMENTS SICAR SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATHENS37.98376 23.7278420000000DIORAMA INVESTMENTS SICAR SAPRIVATEPRIVATEPRIVATEEBRD is providing an equity commitment to Diorama Hellenic Growth Fund (the Fund), a private equity fund operating in Greece and focused on investment primarily in small and medium sized enterprises (SMEs) in the country. The Fund will make equity and equity-related investments in fast-growing companies with experienced management teams with the objective of achieving long-term capital growth. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47603XI-IATI-EBRD-49235European Bank for Reconstruction and DevelopmentThe provision of a sovereign-guaranteed loan to the National Energy Company Ukrenergo ("Ukrenergo" or the "Company") of up to EUR 149 million, EUR 147.2 of which has been repurposed into emergency liquidity to support the Company and ensure stable and uninterrupted electricity transmission services on the entire territory of Ukraine despite the devastating impact of Russian war on Ukraine (the "Project"). The EBRD loan is also backed by the EU EFSD guarantee and the UK Government sovereign donor guarantee. The Project will safeguard electricity provision and access to vital services for people and businesses, whose livelihoods and economic security is at immense risk due to Russian war on Ukraine.European Bank for Reconstruction and DevelopmentNATIONAL POWER COMPANY UKRENERGO PJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.5238149000000NATIONAL POWER COMPANY UKRENERGO PJSC1490000NATIONAL POWER COMPANY UKRENERGO PJSC60056NATIONAL POWER COMPANY UKRENERGO PJSC60056NATIONAL POWER COMPANY UKRENERGO PJSC60056NATIONAL POWER COMPANY UKRENERGO PJSC60056NATIONAL POWER COMPANY UKRENERGO PJSC50000000NATIONAL POWER COMPANY UKRENERGO PJSC30028NATIONAL POWER COMPANY UKRENERGO PJSC49846.48NATIONAL POWER COMPANY UKRENERGO PJSC97149664NATIONAL POWER COMPANY UKRENERGO PJSC19818.48NATIONAL POWER COMPANY UKRENERGO PJSC20419.04NATIONAL POWER COMPANY UKRENERGO PJSCSTATESTATESTATESTATEThe provision of a sovereign-guaranteed loan to the National Energy Company Ukrenergo ("Ukrenergo" or the "Company") of up to EUR 149 million, EUR 147.2 of which has been repurposed into emergency liquidity to support the Company and ensure stable and uninterrupted electricity transmission services on the entire territory of Ukraine despite the devastating impact of Russian war on Ukraine (the "Project"). The EBRD loan is also backed by the EU EFSD guarantee and the UK Government sovereign donor guarantee. The Project will safeguard electricity provision and access to vital services for people and businesses, whose livelihoods and economic security is at immense risk due to Russian war on Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49235XI-IATI-EBRD-55009European Bank for Reconstruction and DevelopmentAn up to EUR 108.35 million senior secured loan to Olympic Commercial & Tourist Enterprises SA ("Olympic", or the "Company") in Greece. The loan consists of €40.6 million of EBRD financing, blended with €67.7 million of RRF loans channelled through the Greek Ministry of Finance to the EBRD/EU Special Fund. The project is the fifth sub-operation under the EBRD's Greek Recovery and Resilience Facility (RRF) Co-Financing Framework, implemented as part of the "Greece 2.0" National Recovery and Resilience Plan, funded by the European Union's (EU) NextGenerationEU programme. The loan will finance the purchase of new Electric Vehicles (EVs) to replace Internal Combustion Engine (ICE) vehicles in Olympic's leasing and rental portfolio (the "Project"). The total Project cost of EUR 135.43 million will be funded from the EUR 108.35 million proposed debt-financing package and EUR 27.09 million from Olympic's own funds. The Project addresses the strategic directions of the EBRD Country Strategy for Greece, which aims to "support transition to a green, low-carbon economy" and "support the decarbonisation across sectors through direct engagement with private clients" and is in line with Greece's Recovery and Resilience Plan by "contributing to clean urban transport rolling stock", promoting the decarbonisation of the Greek economy.European Bank for Reconstruction and DevelopmentOLYMPIC COMMERCIAL AND TOURIST ENTERPRISES SINGLE MEMBER SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGHALANDRI38.02369 23.80068267000012900000OLYMPIC COMMERCIAL AND TOURIST ENTERPRISES SINGLE MEMBER SAPRIVATEPRIVATEPRIVATEAn up to EUR 108.35 million senior secured loan to Olympic Commercial & Tourist Enterprises SA ("Olympic", or the "Company") in Greece. The loan consists of €40.6 million of EBRD financing, blended with €67.7 million of RRF loans channelled through the Greek Ministry of Finance to the EBRD/EU Special Fund. The project is the fifth sub-operation under the EBRD's Greek Recovery and Resilience Facility (RRF) Co-Financing Framework, implemented as part of the "Greece 2.0" National Recovery and Resilience Plan, funded by the European Union's (EU) NextGenerationEU programme. The loan will finance the purchase of new Electric Vehicles (EVs) to replace Internal Combustion Engine (ICE) vehicles in Olympic's leasing and rental portfolio (the "Project"). The total Project cost of EUR 135.43 million will be funded from the EUR 108.35 million proposed debt-financing package and EUR 27.09 million from Olympic's own funds. The Project addresses the strategic directions of the EBRD Country Strategy for Greece, which aims to "support transition to a green, low-carbon economy" and "support the decarbonisation across sectors through direct engagement with private clients" and is in line with Greece's Recovery and Resilience Plan by "contributing to clean urban transport rolling stock", promoting the decarbonisation of the Greek economy. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55009XI-IATI-EBRD-53146European Bank for Reconstruction and DevelopmentThe EBRD invested EUR 35 million in an inaugural, benchmark EUR 500 million senior preferred ("SP") bond issued by Alpha Bank S.A., a commercial bank incorporated in Greece, in September 2021. This is the first SP instrument issued by Alpha Bank since the introduction of the EU Bank Recovery and Resolution Directive that meets the regulatory minimum requirements for own funds and eligible liabilities (MREL). The SP bonds have a maturity of 6.5 years, with a call option after 5.5 years, and are listed on the Luxembourg Stock Exchange. This follows previous investments the EBRD made in 2020 and 2021 in Alpha Bank's earlier issuances of MREL-eligible Tier 2 subordinated bonds (https://www.ebrd.com/work-with-us/projects/psd/51547.html). The Project boosts the resilience of a systemic bank in Greece in the context of ongoing restructuring and MREL requirements phasing in at EU level and supports the bank in implementing its strategic transformation plan and establishing its regular access to capital markets with unsecured instruments. Furthermore, the EBRD promotes resource efficiency in the country by requiring Alpha Bank to allocate funds in the amount of 1.5 times of EBRD's subscription to finance green investments in renewable energy and energy efficiency.European Bank for Reconstruction and DevelopmentALPHA BANK SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATHENS37.98376 23.7278435000000ALPHA BANK SAPRIVATEPRIVATEPRIVATEThe EBRD invested EUR 35 million in an inaugural, benchmark EUR 500 million senior preferred ("SP") bond issued by Alpha Bank S.A., a commercial bank incorporated in Greece, in September 2021. This is the first SP instrument issued by Alpha Bank since the introduction of the EU Bank Recovery and Resolution Directive that meets the regulatory minimum requirements for own funds and eligible liabilities (MREL). The SP bonds have a maturity of 6.5 years, with a call option after 5.5 years, and are listed on the Luxembourg Stock Exchange. This follows previous investments the EBRD made in 2020 and 2021 in Alpha Bank's earlier issuances of MREL-eligible Tier 2 subordinated bonds (https://www.ebrd.com/work-with-us/projects/psd/51547.html). The Project boosts the resilience of a systemic bank in Greece in the context of ongoing restructuring and MREL requirements phasing in at EU level and supports the bank in implementing its strategic transformation plan and establishing its regular access to capital markets with unsecured instruments. Furthermore, the EBRD promotes resource efficiency in the country by requiring Alpha Bank to allocate funds in the amount of 1.5 times of EBRD's subscription to finance green investments in renewable energy and energy efficiency. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53146XI-IATI-EBRD-51749European Bank for Reconstruction and DevelopmentThe sovereign loan of up to EUR 20 million to the Republic of Armenia, which will be co-financed by an investment grant of EUR 5 million from the Eastern Europe Energy Efficiency and Environment Partnership ("E5P"). The loan proceeds and investment grant funds will be used to finance the acquisition of approximately 100 buses of modern 12-metre low-floor Compressed Natural Gas ("CNG") buses for the City of Yerevan (the "City") (the "Project"). The Project is part of a broader programme aiming to assist the City to reform its public transport system by financing the renewal of its bus fleet in anticipation of the restructuring of the bus network. The Project will improve the reliability, safety and efficiency of public transport, while CNG technology will reduce air pollution in line with the Bank's Green Cities Framework and the Green City Action Plan as approved by the city of Yerevan in 2017.European Bank for Reconstruction and DevelopmentARMENIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYEREVAN40.18111 44.5136120000000ARMENIA SOVEREIGN200000ARMENIA SOVEREIGN3999559.68ARMENIA SOVEREIGN12720691.2ARMENIA SOVEREIGN1113060.48ARMENIA SOVEREIGN1966688.64ARMENIA SOVEREIGNSTATESTATESTATESTATEThe sovereign loan of up to EUR 20 million to the Republic of Armenia, which will be co-financed by an investment grant of EUR 5 million from the Eastern Europe Energy Efficiency and Environment Partnership ("E5P"). The loan proceeds and investment grant funds will be used to finance the acquisition of approximately 100 buses of modern 12-metre low-floor Compressed Natural Gas ("CNG") buses for the City of Yerevan (the "City") (the "Project"). The Project is part of a broader programme aiming to assist the City to reform its public transport system by financing the renewal of its bus fleet in anticipation of the restructuring of the bus network. The Project will improve the reliability, safety and efficiency of public transport, while CNG technology will reduce air pollution in line with the Bank's Green Cities Framework and the Green City Action Plan as approved by the city of Yerevan in 2017. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51749XI-IATI-EBRD-55161European Bank for Reconstruction and DevelopmentProvision of a senior loan to Inecobank CJSC ("IB") of up to USD 10 million, of which up to USD 7.5 million to be provided by the European Bank for Reconstruction and Development ("EBRD") and up to USD 2.5 million by the Green Climate Fund ("GCF") under the GCF-Green Economy Financing Facility ("GEFF") Regional Programme. The proceeds of the loan will be used for financing investments in climate change mitigation and adaptation technologies by local private sector commercial sub-borrowers in a gender-responsive way, in line with the standards and reporting requirements for the GEFF in Armenia. 100 per cent of the loan proceeds will be related to Green Economy Transition investments. IB will benefit from Technical Cooperation ("TC") in form of trainings, capacity building and support for project implementation from the dedicated programme consultants.European Bank for Reconstruction and DevelopmentINECOBANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYEREVAN40.18111 44.513616565700.78INECOBANK CJSCPRIVATEPRIVATEPRIVATEProvision of a senior loan to Inecobank CJSC ("IB") of up to USD 10 million, of which up to USD 7.5 million to be provided by the European Bank for Reconstruction and Development ("EBRD") and up to USD 2.5 million by the Green Climate Fund ("GCF") under the GCF-Green Economy Financing Facility ("GEFF") Regional Programme. The proceeds of the loan will be used for financing investments in climate change mitigation and adaptation technologies by local private sector commercial sub-borrowers in a gender-responsive way, in line with the standards and reporting requirements for the GEFF in Armenia. 100 per cent of the loan proceeds will be related to Green Economy Transition investments. IB will benefit from Technical Cooperation ("TC") in form of trainings, capacity building and support for project implementation from the dedicated programme consultants. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55161XI-IATI-EBRD-53917European Bank for Reconstruction and DevelopmentThe transaction envisages providing a long-term loan (up to 7-years including up to 2-years of grace period) of up to EUR 25m to the Borrower. The project consists of capex investments for capacity increase and modernization investments in the Company's Manisa facility as well as solar PV investment (the "Project"). The loan will benefit from the limited guarantee provided by Yildiz Holding ("Guarantor"), a prominent conglomerate with diverse business divisions in the food sector, alongside operations in retail and private equity. Null ValueEuropean Bank for Reconstruction and DevelopmentPOLINAS PLASTIK SANAYI VE TICARET ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGMANISA38.61202 27.4264625000000POLINAS PLASTIK SANAYI VE TICARET ASPRIVATEPRIVATEPRIVATEThe transaction envisages providing a long-term loan (up to 7-years including up to 2-years of grace period) of up to EUR 25m to the Borrower. The project consists of capex investments for capacity increase and modernization investments in the Company's Manisa facility as well as solar PV investment (the "Project"). The loan will benefit from the limited guarantee provided by Yildiz Holding ("Guarantor"), a prominent conglomerate with diverse business divisions in the food sector, alongside operations in retail and private equity. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53917XI-IATI-EBRD-48568European Bank for Reconstruction and DevelopmentThe EBRD has approved a USD 55 million loan to Turkiye Is Bankasi A.S. ("Isbank") under the Turkey Mid-Size Sustainable Energy Financing Facility III (MidSEFF III) for on-lending to private sector borrowers for renewable energy (RE) and resource efficiency (ResE) investments. This is the third transaction with Isbank under MidSEFF which builds on Isbank's solid track record in implementation of the sustainable energy financing facilities successfully launched by the EBRD in Turkey. The project can be funded through a range of financing instruments, including but not limited to senior notes issued under the company's existing Diversified Payment Rights programme. MidSEFF III builds on the success of MidSEFF & MidSEFF II and is aimed at i) increasing financing intermediation for RE and ResE investments to fill these sectors' remaining financing gaps in Turkey, ii) improving the Private Financial Intermediaries (PFIs) skills in technical assessment of a broader set of technologies, and iii) increasing the PFIs' knowledge of relevant EU environmental & social requirements and standards in assessing mid-size RE and ResE investments.European Bank for Reconstruction and DevelopmentTIB DIVERSIFIED PAYMENT RIGHTS FINANCE COMPANYEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANKARA39.91987 32.8542748148472.38TIB DIVERSIFIED PAYMENT RIGHTS FINANCE COMPANYPRIVATEPRIVATEPRIVATEThe EBRD has approved a USD 55 million loan to Turkiye Is Bankasi A.S. ("Isbank") under the Turkey Mid-Size Sustainable Energy Financing Facility III (MidSEFF III) for on-lending to private sector borrowers for renewable energy (RE) and resource efficiency (ResE) investments. This is the third transaction with Isbank under MidSEFF which builds on Isbank's solid track record in implementation of the sustainable energy financing facilities successfully launched by the EBRD in Turkey. The project can be funded through a range of financing instruments, including but not limited to senior notes issued under the company's existing Diversified Payment Rights programme. MidSEFF III builds on the success of MidSEFF & MidSEFF II and is aimed at i) increasing financing intermediation for RE and ResE investments to fill these sectors' remaining financing gaps in Turkey, ii) improving the Private Financial Intermediaries (PFIs) skills in technical assessment of a broader set of technologies, and iii) increasing the PFIs' knowledge of relevant EU environmental & social requirements and standards in assessing mid-size RE and ResE investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48568XI-IATI-EBRD-44166European Bank for Reconstruction and DevelopmentThe EBRD is investing in a hospital infrastructure PPP project involving the design, construction, equipping, financing, and maintenance of an integrated health campus in Etlik, Turkey, pursuant to a 27.5 years concession awarded by Turkey's Ministry of Health. Under this PPP structure, the Concessionaire will supply and maintain the hospital facilities, while the provision of medical care and services will remain the responsibility of the Ministry of Health. Total Project Costs are estimated at ca. EUR 1.1 billion. EBRD will assist in increasing private sector participation in the hospital infrastructure sector in Turkey. The Project is expected to be one of the first hospital infrastructure PPPs in Turkey to involve an international sponsor, and as such it will be a flagship project setting standards for future PPP projects in the country. In response to the need for large capacity investments in healthcare systems, governments are seeking to tap private sector resources and know-how to construct and manage infrastructure related facilities more rapidly and more efficiently, while medical service provision remains under the responsibility of the state. Null ValueEuropean Bank for Reconstruction and DevelopmentANKARA ETLIK HASTANE SAGLIK HIZMETLERI ISLETME YATIRIM ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANKARA39.91987 32.85427142304938.12ANKARA ETLIK HASTANE SAGLIK HIZMETLERI ISLETME YATIRIM ASPRIVATEPRIVATEPRIVATEThe EBRD is investing in a hospital infrastructure PPP project involving the design, construction, equipping, financing, and maintenance of an integrated health campus in Etlik, Turkey, pursuant to a 27.5 years concession awarded by Turkey's Ministry of Health. Under this PPP structure, the Concessionaire will supply and maintain the hospital facilities, while the provision of medical care and services will remain the responsibility of the Ministry of Health. Total Project Costs are estimated at ca. EUR 1.1 billion. EBRD will assist in increasing private sector participation in the hospital infrastructure sector in Turkey. The Project is expected to be one of the first hospital infrastructure PPPs in Turkey to involve an international sponsor, and as such it will be a flagship project setting standards for future PPP projects in the country. In response to the need for large capacity investments in healthcare systems, governments are seeking to tap private sector resources and know-how to construct and manage infrastructure related facilities more rapidly and more efficiently, while medical service provision remains under the responsibility of the state. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/44166XI-IATI-EBRD-54315European Bank for Reconstruction and DevelopmentOn 22nd January 2024, the EBRD invested EUR 35 million in a Senior Preferred Green Bond issued by Erste&Steiermarkische bank d.d. ("ESB"), as part of an international issuance of EUR 400 million, listed on Vienna Stock Exchange. This is the first Senior Preferred instrument issued in a Green Bond format by a Croatian bank. The Project continues to advance the green agenda in Croatia by supporting ESB's Green Bond issuances. It also supports the resilience and regulatory compliance of one of the largest banks in Croatia, and contributes to capital market development.European Bank for Reconstruction and DevelopmentERSTE & STEIERMARKISCHE BANK DDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGRIJEKA45.32673 14.4424135000000ERSTE & STEIERMARKISCHE BANK DDPRIVATEPRIVATEPRIVATEOn 22nd January 2024, the EBRD invested EUR 35 million in a Senior Preferred Green Bond issued by Erste&Steiermarkische bank d.d. ("ESB"), as part of an international issuance of EUR 400 million, listed on Vienna Stock Exchange. This is the first Senior Preferred instrument issued in a Green Bond format by a Croatian bank. The Project continues to advance the green agenda in Croatia by supporting ESB's Green Bond issuances. It also supports the resilience and regulatory compliance of one of the largest banks in Croatia, and contributes to capital market development. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54315XI-IATI-EBRD-52629European Bank for Reconstruction and DevelopmentA four-year amortising senior unsecured loan of up to €25 million equivalent to be provided to JSC "ProCredit Bank" in Ukraine for on-lending to eligible micro, small and medium-sized enterprised (MSMEs) under SME Competitiveness Programme in the European Union's (EU) Eastern Partnership. In addition to long-term financing, eligible sub-borrowers will receive technical assistance funded by the EU and grant support in the form of investment incentives upon the completion of their investment projects. The project will enable the company to finance long-term investments of Ukrainian MSMEs in upgrading their technology and equipment necessary to meet EU standards in terms of product quality, health and safety measures and environmental preservation. At least 70 per cent of all financed sub-loans are expected to be compliant with EBRD Green Economy Transition (GET) approach.European Bank for Reconstruction and DevelopmentPROCREDIT BANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.523818859776.8PROCREDIT BANK JSCPRIVATEPRIVATEPRIVATEA four-year amortising senior unsecured loan of up to €25 million equivalent to be provided to JSC "ProCredit Bank" in Ukraine for on-lending to eligible micro, small and medium-sized enterprised (MSMEs) under SME Competitiveness Programme in the European Union's (EU) Eastern Partnership. In addition to long-term financing, eligible sub-borrowers will receive technical assistance funded by the EU and grant support in the form of investment incentives upon the completion of their investment projects. The project will enable the company to finance long-term investments of Ukrainian MSMEs in upgrading their technology and equipment necessary to meet EU standards in terms of product quality, health and safety measures and environmental preservation. At least 70 per cent of all financed sub-loans are expected to be compliant with EBRD Green Economy Transition (GET) approach. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52629XI-IATI-EBRD-49526European Bank for Reconstruction and DevelopmentAn equity commitment of up to EUR 20 million in favour of Usaldusfond BaltCap Infrastructure Fund (the "Fund"). The Fund seeks to provide development capital for transport, energy, energy efficiency and other infrastructure projects in the Baltic region through equity and quasi-equity investments.European Bank for Reconstruction and DevelopmentBALTCAP INFRASTRUCTURE FUNDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGVILNIUS54.68916 25.2798RIGA56.946 24.10589WARSAW52.22977 21.011781655578.2420000000BALTCAP INFRASTRUCTURE FUNDPRIVATEPRIVATEPRIVATEAn equity commitment of up to EUR 20 million in favour of Usaldusfond BaltCap Infrastructure Fund (the "Fund"). The Fund seeks to provide development capital for transport, energy, energy efficiency and other infrastructure projects in the Baltic region through equity and quasi-equity investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49526XI-IATI-EBRD-49855European Bank for Reconstruction and DevelopmentThe Bank participated in an equity investment of EUR 28.6 million in favour of Keystone CEE SCSp ("Keystone" or the "Company"), a special limited partnership incorporated in Luxembourg. Keystone owns an existing portfolio of prime operating office assets and development land plots in Central and Eastern Europe ("CEE"). The prime development land plots will be developed into prime Class A office buildings, increasing the operating leasable area of the portfolio, whereas secondary land plots will be sold to private investors. The Bank's financing will be used to fund the acquisition and development of the portfolio assets located in Hungary, Slovak Republic and Croatia.European Bank for Reconstruction and DevelopmentKEYSTONE CEE SCSPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGZAGREB45.81444 15.97798BUDAPEST47.49835 19.04045BRATISLAVA48.14816 17.1067431800.3424960000KEYSTONE CEE SCSPPRIVATEPRIVATEPRIVATEThe Bank participated in an equity investment of EUR 28.6 million in favour of Keystone CEE SCSp ("Keystone" or the "Company"), a special limited partnership incorporated in Luxembourg. Keystone owns an existing portfolio of prime operating office assets and development land plots in Central and Eastern Europe ("CEE"). The prime development land plots will be developed into prime Class A office buildings, increasing the operating leasable area of the portfolio, whereas secondary land plots will be sold to private investors. The Bank's financing will be used to fund the acquisition and development of the portfolio assets located in Hungary, Slovak Republic and Croatia. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49855XI-IATI-EBRD-54002European Bank for Reconstruction and DevelopmentAn up to EUR 88 million senior unsecured loan to Fulgor SA ("Fulgor", or the "Company") in Greece. The proposed investment marks the fourth sub-operation under the Greek RRF Co-Financing Framework. The loan will be structured in two tranches, where up to EUR 62.8 million will be provided by EBRD's own resources and up to EUR 25.2 million will be channelled through the Greek RRF Corporate Loan Facility, ultimately funded by the EU. The loan proceeds will finance the Company's investment programme in Greece for the production of submarine cables, as well as associated working capital outlays and R&D initiatives (the "Project"). The total Project cost of EUR 110 million will be funded from the EUR 88 million proposed debt-financing package and EUR 22 million from Fulgor's own funds. Through increased production capacity, Fulgor will be able to unlock significant opportunities of large interconnection projects and capture the growth in offshore wind installations worldwide. The Project addresses the strategic directions of the EBRD Country Strategy for Greece, which aims at " accelerating shift towards renewable energy in line with National Energy and Climate Plan" and is in line with Greece's Recovery and Resilience Plan by " contributing to green skills and jobs and the green economy", promoting ultimately the decarbonisation of the Greek economy.European Bank for Reconstruction and DevelopmentFULGOR SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATHENS37.98376 23.7278462825000FULGOR SAPRIVATEPRIVATEPRIVATEAn up to EUR 88 million senior unsecured loan to Fulgor SA ("Fulgor", or the "Company") in Greece. The proposed investment marks the fourth sub-operation under the Greek RRF Co-Financing Framework. The loan will be structured in two tranches, where up to EUR 62.8 million will be provided by EBRD's own resources and up to EUR 25.2 million will be channelled through the Greek RRF Corporate Loan Facility, ultimately funded by the EU. The loan proceeds will finance the Company's investment programme in Greece for the production of submarine cables, as well as associated working capital outlays and R&D initiatives (the "Project"). The total Project cost of EUR 110 million will be funded from the EUR 88 million proposed debt-financing package and EUR 22 million from Fulgor's own funds. Through increased production capacity, Fulgor will be able to unlock significant opportunities of large interconnection projects and capture the growth in offshore wind installations worldwide. The Project addresses the strategic directions of the EBRD Country Strategy for Greece, which aims at " accelerating shift towards renewable energy in line with National Energy and Climate Plan" and is in line with Greece's Recovery and Resilience Plan by " contributing to green skills and jobs and the green economy", promoting ultimately the decarbonisation of the Greek economy. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54002XI-IATI-EBRD-56442European Bank for Reconstruction and DevelopmentUp to EUR 7,500,000 loan provided via the EBRD's own resources and an up to EUR 12,500,000 loan financed from the Greek RRF Corporate Loan Facility and channelled via the Greek Ministry of Finance to the EBRD/EU Special Fund for a total financing of EUR 20,000,000 to Lion Rental S.A., a public limited company incorporated in Greece. The project is the sixth sub-operation under the EBRD's Greek Recovery and Resilience Facility (RRF) Co-Financing Framework, implemented as part of the "Greece 2.0" National Recovery and Resilience Plan, funded by the European Union's (EU) NextGenerationEU programme. The loans will finance the purchase of new Electric Vehicles (EVs) to replace Internal Combustion Engine (ICE) vehicles in Lion Rental's leasing and rental portfolio (the "Project"). The total Project cost of EUR 25 million will be funded from the EUR 20 million proposed debt-financing package and EUR 5 million from Lion Rental's own funds. The Project addresses the strategic directions of the EBRD Country Strategy for Greece, which aims to"support the decarbonisation across sectors through direct engagement with private clients", promoting the decarbonisation of the Greek economy.European Bank for Reconstruction and DevelopmentLION RENTAL MAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGLAGKADAS75000007500000LION RENTAL MAEPRIVATEPRIVATEPRIVATEUp to EUR 7,500,000 loan provided via the EBRD's own resources and an up to EUR 12,500,000 loan financed from the Greek RRF Corporate Loan Facility and channelled via the Greek Ministry of Finance to the EBRD/EU Special Fund for a total financing of EUR 20,000,000 to Lion Rental S.A., a public limited company incorporated in Greece. The project is the sixth sub-operation under the EBRD's Greek Recovery and Resilience Facility (RRF) Co-Financing Framework, implemented as part of the "Greece 2.0" National Recovery and Resilience Plan, funded by the European Union's (EU) NextGenerationEU programme. The loans will finance the purchase of new Electric Vehicles (EVs) to replace Internal Combustion Engine (ICE) vehicles in Lion Rental's leasing and rental portfolio (the "Project"). The total Project cost of EUR 25 million will be funded from the EUR 20 million proposed debt-financing package and EUR 5 million from Lion Rental's own funds. The Project addresses the strategic directions of the EBRD Country Strategy for Greece, which aims to"support the decarbonisation across sectors through direct engagement with private clients", promoting the decarbonisation of the Greek economy. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56442XI-IATI-EBRD-56168European Bank for Reconstruction and DevelopmentAn unfunded risk-sharing instrument partially covering the credit risk in newly originated sub-loans of ProCredit Bank in Ukraine with the total value of EUR 60 million equivalent (the "Covered Portfolio"). The Project is provided under the EBRD's Energy Security Support Facility ("ESSF"), a programme under the Resilience and Livelihood Framework, to finance energy generation, energy storage and energy efficiency sub-projects, including GET-eligible sub-projects (70% of the facility), to Ukrainian private businesses and households. Technical assistance under ESSF will strengthen the capacity of ProCredit Bank Ukraine (PCBU) and its sub-borrowers to implement the facility in a streamlined manner, while adhering to the EBRD eligibility criteria. Eligible small and medium enterprises ("SMEs") and residential sub-borrowers will additionally receive grant support in form of investment incentives upon the completion of their eligible investment projects. Up to EUR 12 million of risk shared sub-loans will finance SMEs' long-term investments under the EU4Business-EBRD Credit Line with Incentives (within a dedicated sub-limit assigned with a separate EBRD project number 56169). This will enable financing of long-term capital investments of SMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of the sub-limit), thereby enhancing competitiveness of businesses. Eligible sub-borrowers will also receive technical assistance funded by the EU and grant support in the form of investment incentives upon the completion of their investment projects. The Project aims to channel urgently needed investments into additional energy generation and storage capacity, as well as energy efficiency enhancements, thereby preserving energy security across all sectors in Ukraine.European Bank for Reconstruction and DevelopmentPROCREDIT BANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.523848000004800000PROCREDIT BANK JSCPRIVATEPRIVATEPRIVATEAn unfunded risk-sharing instrument partially covering the credit risk in newly originated sub-loans of ProCredit Bank in Ukraine with the total value of EUR 60 million equivalent (the "Covered Portfolio"). The Project is provided under the EBRD's Energy Security Support Facility ("ESSF"), a programme under the Resilience and Livelihood Framework, to finance energy generation, energy storage and energy efficiency sub-projects, including GET-eligible sub-projects (70% of the facility), to Ukrainian private businesses and households. Technical assistance under ESSF will strengthen the capacity of ProCredit Bank Ukraine (PCBU) and its sub-borrowers to implement the facility in a streamlined manner, while adhering to the EBRD eligibility criteria. Eligible small and medium enterprises ("SMEs") and residential sub-borrowers will additionally receive grant support in form of investment incentives upon the completion of their eligible investment projects. Up to EUR 12 million of risk shared sub-loans will finance SMEs' long-term investments under the EU4Business-EBRD Credit Line with Incentives (within a dedicated sub-limit assigned with a separate EBRD project number 56169). This will enable financing of long-term capital investments of SMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of the sub-limit), thereby enhancing competitiveness of businesses. Eligible sub-borrowers will also receive technical assistance funded by the EU and grant support in the form of investment incentives upon the completion of their investment projects. The Project aims to channel urgently needed investments into additional energy generation and storage capacity, as well as energy efficiency enhancements, thereby preserving energy security across all sectors in Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56168XI-IATI-EBRD-53764European Bank for Reconstruction and DevelopmentAn investment of EUR 7.5m in the green senior unsecured fixed coupon corporate bond (the Green Bond) issued by Photon Energy NV (the Company). This is a follow-on operation of the Bank's investment of EUR 10m in the Company's inaugural EUR 55m green bond (maturing on November 2027) which took place at the end of 2021 (Opid 52971). The Company is to issue additional EUR 15m green bond with the same terms in two tranches; the first EUR 10m in May 2022 and the second EUR 5.0m to be made in 3Q 2022. The Bank's investment will be up to 50% of each tranche. The Company has a pipeline of 340+ MW solar projects in the CEE region (including 27 MW in Hungary, 194 MW in Poland and 225 MW in Romania) and Australia. The Bank's proceeds will be used to finance the development of solar projects in the Central and Eastern Europe region, with the Hungarian and Romanian pipeline being currently the most advanced.European Bank for Reconstruction and DevelopmentPHOTON ENERGY NVEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRAGUE50.08804 14.42076BUDAPEST47.49835 19.04045BUCHAREST44.43225 26.106267500000PHOTON ENERGY NVPRIVATEPRIVATEPRIVATEAn investment of EUR 7.5m in the green senior unsecured fixed coupon corporate bond (the Green Bond) issued by Photon Energy NV (the Company). This is a follow-on operation of the Bank's investment of EUR 10m in the Company's inaugural EUR 55m green bond (maturing on November 2027) which took place at the end of 2021 (Opid 52971). The Company is to issue additional EUR 15m green bond with the same terms in two tranches; the first EUR 10m in May 2022 and the second EUR 5.0m to be made in 3Q 2022. The Bank's investment will be up to 50% of each tranche. The Company has a pipeline of 340+ MW solar projects in the CEE region (including 27 MW in Hungary, 194 MW in Poland and 225 MW in Romania) and Australia. The Bank's proceeds will be used to finance the development of solar projects in the Central and Eastern Europe region, with the Hungarian and Romanian pipeline being currently the most advanced. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53764XI-IATI-EBRD-51936European Bank for Reconstruction and DevelopmentProvision of a senior loan of up to EUR 75 million in favour of Mytilineos S.A (the "Company" or "Mytilineos") for the construction and operation of a 826 MW Combined Cycle Gas Turbine ("CCGT") power plant located at the Agios Nikolaos Energy Complex in Viotia, central Greece (the "Project"). The Greek electricity sector is embarking upon a fundamental transformation, ending its reliance on lignite and replacing this with a widespread rollout of renewable energy and a few significantly less carbon intensive gas generating units. The ambitious strategy sets out to phase out all existing coal-fired plants by 2023 and close or completely repurpose the coal plant under construction before 2027, one of the fastest exits from coal in the European Union. An economic analysis incorporating shadow carbon prices and security of supply and an assessment focusing on the Project's consistency with a low carbon transition of the Greek electricity sector and the Paris Agreement goals have been carried out. The Project was compared to a low carbon counterfactual characterised by no new fossil fuels plants and the Bank has concluded it represents the most economic pathway for the Greek electricity sector to meet the Paris Agreement goals. Consistent with low-carbon transition and the Paris Agreement goals the carbon lock-in risk for the Project has been determined to be low across the assessed technical, economic and institutional factors. The Project has been assessed as critical to ensuring security of supply by the Greek transmission system operator and gas is identified in the Greece's National Energy and Climate Plan (the "NECP") as an important precondition for enabling the accelerated coal-phase out and for achieving the target of 42% reduction in greenhouse gas emissions by 2030. The Project will also support the ramp up of renewable energy in the Greek system.European Bank for Reconstruction and DevelopmentMYTILINEOS SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGMAROUSI38.05404 23.80675000000MYTILINEOS SAPRIVATEPRIVATEPRIVATEProvision of a senior loan of up to EUR 75 million in favour of Mytilineos S.A (the "Company" or "Mytilineos") for the construction and operation of a 826 MW Combined Cycle Gas Turbine ("CCGT") power plant located at the Agios Nikolaos Energy Complex in Viotia, central Greece (the "Project"). The Greek electricity sector is embarking upon a fundamental transformation, ending its reliance on lignite and replacing this with a widespread rollout of renewable energy and a few significantly less carbon intensive gas generating units. The ambitious strategy sets out to phase out all existing coal-fired plants by 2023 and close or completely repurpose the coal plant under construction before 2027, one of the fastest exits from coal in the European Union. An economic analysis incorporating shadow carbon prices and security of supply and an assessment focusing on the Project's consistency with a low carbon transition of the Greek electricity sector and the Paris Agreement goals have been carried out. The Project was compared to a low carbon counterfactual characterised by no new fossil fuels plants and the Bank has concluded it represents the most economic pathway for the Greek electricity sector to meet the Paris Agreement goals. Consistent with low-carbon transition and the Paris Agreement goals the carbon lock-in risk for the Project has been determined to be low across the assessed technical, economic and institutional factors. The Project has been assessed as critical to ensuring security of supply by the Greek transmission system operator and gas is identified in the Greece's National Energy and Climate Plan (the "NECP") as an important precondition for enabling the accelerated coal-phase out and for achieving the target of 42% reduction in greenhouse gas emissions by 2030. The Project will also support the ramp up of renewable energy in the Greek system. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51936XI-IATI-EBRD-54453European Bank for Reconstruction and DevelopmentA 3Y senior unsecured LCY-denominated loan of up to €15 million equivalent to be provided to Bank Lviv to enable the bank's support to private micro-, small and medium-sized enterprises ("MSMEs") in Ukraine. The facility is under the EBRD Financial Intermediaries Framework ("FIF"). The Project will help Bank Lviv to maintain sustainable funding base during the crisis and provide continued access to LCY finance for private MSMEs, including businesses affected by the ongoing war on Ukraine.European Bank for Reconstruction and DevelopmentBANK LVIV JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGLVIV49.83826 24.0232413899373.49BANK LVIV JSCPRIVATEPRIVATEPRIVATEA 3Y senior unsecured LCY-denominated loan of up to €15 million equivalent to be provided to Bank Lviv to enable the bank's support to private micro-, small and medium-sized enterprises ("MSMEs") in Ukraine. The facility is under the EBRD Financial Intermediaries Framework ("FIF"). The Project will help Bank Lviv to maintain sustainable funding base during the crisis and provide continued access to LCY finance for private MSMEs, including businesses affected by the ongoing war on Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54453XI-IATI-EBRD-51377European Bank for Reconstruction and DevelopmentA four-year amortising senior unsecured loan of up to €25 million equivalent to be provided to Credit Agricole Ukraine to enable the bank's support to eligible MSMEs under SME Competitiveness Programme in Eastern Partnership through its new leasing product. The loan will be available for disbursement in two tranches as a synthetic UAH facility. In addition to long-term financing, eligible sub-borrowers will receive technical assistance funded by the European Union and grant support in the form of investment incentives upon the completion of their investment projects. The project will enable the company to finance long-term investments of Ukrainian MSMEs in upgrading their technology and equipment necessary to meet EU standards in terms of product quality, health and safety measures and environmental preservation. At least 70% of all financed sub-leases are expected to be compliant with EBRD Green Economy Transition (GET) approach.European Bank for Reconstruction and DevelopmentCREDIT AGRICOLE BANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.52389271117.8CREDIT AGRICOLE BANK JSCPRIVATEPRIVATEPRIVATEA four-year amortising senior unsecured loan of up to €25 million equivalent to be provided to Credit Agricole Ukraine to enable the bank's support to eligible MSMEs under SME Competitiveness Programme in Eastern Partnership through its new leasing product. The loan will be available for disbursement in two tranches as a synthetic UAH facility. In addition to long-term financing, eligible sub-borrowers will receive technical assistance funded by the European Union and grant support in the form of investment incentives upon the completion of their investment projects. The project will enable the company to finance long-term investments of Ukrainian MSMEs in upgrading their technology and equipment necessary to meet EU standards in terms of product quality, health and safety measures and environmental preservation. At least 70% of all financed sub-leases are expected to be compliant with EBRD Green Economy Transition (GET) approach. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51377XI-IATI-EBRD-51212European Bank for Reconstruction and DevelopmentAn equity commitment of up to EUR 20 million in favour of SMERemediumCap RAIF-SCA (the "Fund"). The Fund will seek to make equity, quasi-equity and equity-related investments primarily in over-leveraged but viable SMEs and mid-market companies in Greece, with a view to achieving long-term capital appreciation.European Bank for Reconstruction and DevelopmentSME REMEDIUMCAP RAIF SCAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATHENS37.98376 23.727841277276.820000000SME REMEDIUMCAP RAIF SCAPRIVATEPRIVATEPRIVATEAn equity commitment of up to EUR 20 million in favour of SMERemediumCap RAIF-SCA (the "Fund"). The Fund will seek to make equity, quasi-equity and equity-related investments primarily in over-leveraged but viable SMEs and mid-market companies in Greece, with a view to achieving long-term capital appreciation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51212XI-IATI-EBRD-48666European Bank for Reconstruction and DevelopmentProvision of a senior loan of up to PLN 392.5 million to co-finance acquisition of up to 45 metro trains required by the Warsaw Metro in connection with the expansion of its second line. The Project is a part of the EBRD Green Cities Framework. The facility is designed to serve as a sector-wide catalyst for addressing environmental challenges at the city level. The expansion of Metro Line II is an important investment in the development of high-capacity public transport in Warsaw, which is expected to reduce traffic congestion in the City of Warsaw, lower the overall carbon footprint of the urban transport sector, and bring additional modal shift from personal cars and busses to the subway system.European Bank for Reconstruction and DevelopmentMETRO WARSZAWSKIE SP ZOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.0117837541555.13METRO WARSZAWSKIE SP ZOO2102286.37METRO WARSZAWSKIE SP ZOO2617554.98METRO WARSZAWSKIE SP ZOO2094043.98METRO WARSZAWSKIE SP ZOO2094043.98METRO WARSZAWSKIE SP ZOO4420759.51METRO WARSZAWSKIE SP ZOO4188087.96METRO WARSZAWSKIE SP ZOO4188087.96METRO WARSZAWSKIE SP ZOO6282131.94METRO WARSZAWSKIE SP ZOOSTATESTATESTATESTATEProvision of a senior loan of up to PLN 392.5 million to co-finance acquisition of up to 45 metro trains required by the Warsaw Metro in connection with the expansion of its second line. The Project is a part of the EBRD Green Cities Framework. The facility is designed to serve as a sector-wide catalyst for addressing environmental challenges at the city level. The expansion of Metro Line II is an important investment in the development of high-capacity public transport in Warsaw, which is expected to reduce traffic congestion in the City of Warsaw, lower the overall carbon footprint of the urban transport sector, and bring additional modal shift from personal cars and busses to the subway system. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48666XI-IATI-EBRD-54466European Bank for Reconstruction and DevelopmentProvision of USD 130 million senior unsecured loan (the "Loan") to Coca-Cola HBC Egypt S.A.E (the "Company"), a subsidiary of Coca-Cola HBC AG. The loan will be used to finance capex investment in sustainability and health and safety as well as regular capex and working capital requirements. The loan will comprise three tranches: (i) committed Tranche A of USD 55 million to finance the Company's capex investment, (ii) committed Tranche B of USD 40 million to finance working capital needs of the Company and (iii) uncommitted Tranche C of USD 35 million to be used for financing the working capital requirements of the Company.European Bank for Reconstruction and DevelopmentCOCA-COLA HBC EGYPT SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496778788409.35112399279.83COCA-COLA HBC EGYPT SAEPRIVATEPRIVATEPRIVATEProvision of USD 130 million senior unsecured loan (the "Loan") to Coca-Cola HBC Egypt S.A.E (the "Company"), a subsidiary of Coca-Cola HBC AG. The loan will be used to finance capex investment in sustainability and health and safety as well as regular capex and working capital requirements. The loan will comprise three tranches: (i) committed Tranche A of USD 55 million to finance the Company's capex investment, (ii) committed Tranche B of USD 40 million to finance working capital needs of the Company and (iii) uncommitted Tranche C of USD 35 million to be used for financing the working capital requirements of the Company. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54466XI-IATI-EBRD-56229European Bank for Reconstruction and DevelopmentIn May 2025, the EBRD invested EUR 20 million in the EUR 300 million senior preferred bond issued by Raiffeisenbank Austria d.d. Zagreb ("RBA"), the sixth largest bank in Croatia. The bond has a 4NC3 tenor and is listed on Luxembourg Stock Exchange. The Project supports the resilience and regulatory compliance of a systemically important bank in Croatia and contributes to capital market development. The Project also delivers on the Bank's green agenda in Croatia.European Bank for Reconstruction and DevelopmentRAIFFEISENBANK AUSTRIA DD ZAGREBEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGZAGREB45.81444 15.9779820000000RAIFFEISENBANK AUSTRIA DD ZAGREBPRIVATEPRIVATEPRIVATEIn May 2025, the EBRD invested EUR 20 million in the EUR 300 million senior preferred bond issued by Raiffeisenbank Austria d.d. Zagreb ("RBA"), the sixth largest bank in Croatia. The bond has a 4NC3 tenor and is listed on Luxembourg Stock Exchange. The Project supports the resilience and regulatory compliance of a systemically important bank in Croatia and contributes to capital market development. The Project also delivers on the Bank's green agenda in Croatia. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56229XI-IATI-EBRD-53246European Bank for Reconstruction and DevelopmentAn investment of up to € 50 million senior preferred (SP) bonds to be issued by AS Citadele Banka and dually listed on the Irish Stock Exchange plc trading as Euronext Dublin and Nasdaq Riga AS. The project represents the first SP bond issuance out of Latvia since the introduction of the EU Bank Recovery and Resolution Directive and the EU minimum requirement for own funds and eligible liabilities (MREL) guidelines in the country. The project aims to support the resilience and regulatory compliance of the second largest bank in Latvia and contributes to the capital market development by attracting international investors to the Baltic region. The project will also support the EBRD's Green Economy Transition (GET) approach with most of the Bank's investment allocated for financing GET-eligible subprojects.European Bank for Reconstruction and DevelopmentCITADELE BANKA ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGRIGA56.946 24.1058950000000CITADELE BANKA ASPRIVATEPRIVATEPRIVATEAn investment of up to € 50 million senior preferred (SP) bonds to be issued by AS Citadele Banka and dually listed on the Irish Stock Exchange plc trading as Euronext Dublin and Nasdaq Riga AS. The project represents the first SP bond issuance out of Latvia since the introduction of the EU Bank Recovery and Resolution Directive and the EU minimum requirement for own funds and eligible liabilities (MREL) guidelines in the country. The project aims to support the resilience and regulatory compliance of the second largest bank in Latvia and contributes to the capital market development by attracting international investors to the Baltic region. The project will also support the EBRD's Green Economy Transition (GET) approach with most of the Bank's investment allocated for financing GET-eligible subprojects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53246XI-IATI-EBRD-55906European Bank for Reconstruction and DevelopmentThe Project entails an investment of USD 13.5 million in a USD 75 million Sustainability-Linked Bond (SLB) issuance by Telecom Armenia, to be publicly listed on the Armenian Stock Exchange (AMX). EBRD's investment will support the issuance of the SLB with proceeds to be used to refinance Telecom Armenia's existing debt and finance its growth capex plan, contributing to the Company's operational and financial sustainability.European Bank for Reconstruction and DevelopmentTELECOM ARMENIA CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYEREVAN40.18111 44.5136111818348.94TELECOM ARMENIA CJSCPRIVATEPRIVATEPRIVATEThe Project entails an investment of USD 13.5 million in a USD 75 million Sustainability-Linked Bond (SLB) issuance by Telecom Armenia, to be publicly listed on the Armenian Stock Exchange (AMX). EBRD's investment will support the issuance of the SLB with proceeds to be used to refinance Telecom Armenia's existing debt and finance its growth capex plan, contributing to the Company's operational and financial sustainability. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55906XI-IATI-EBRD-55696European Bank for Reconstruction and DevelopmentProvision of up to EUR 50 million equity investment in favour of MEREP 3 CEE CIV CommV (the "CIF"), a limited partnership incorporated in Belgium. The CIF will co-invest alongside Mitiska European Real Estate Partners 3 ("MEREP 3"), a closed-end limited partnership registered in Belgium, in commercial real estate assets located across CEE, including Poland, Romania, Bulgaria, Slovakia, and Czechia. The Project will enable the CIF to make equity and quasi-equity investments in real estate assets that will benefit from sustainability improvements, with the objective of achieving long-term capital growth deriving from its sustainability focus. The CIF will aim to achieve BREEAM certification on all assets starting 2028 and implement sustainable energy and resource solutions.European Bank for Reconstruction and DevelopmentMEREP 3 CEE CIV COMMVEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSOFIA42.69751 23.32415WARSAW52.22977 21.01178BUCHAREST44.43225 26.10626BRATISLAVA48.14816 17.106742875000050000000MEREP 3 CEE CIV COMMVPRIVATEPRIVATEPRIVATEProvision of up to EUR 50 million equity investment in favour of MEREP 3 CEE CIV CommV (the "CIF"), a limited partnership incorporated in Belgium. The CIF will co-invest alongside Mitiska European Real Estate Partners 3 ("MEREP 3"), a closed-end limited partnership registered in Belgium, in commercial real estate assets located across CEE, including Poland, Romania, Bulgaria, Slovakia, and Czechia. The Project will enable the CIF to make equity and quasi-equity investments in real estate assets that will benefit from sustainability improvements, with the objective of achieving long-term capital growth deriving from its sustainability focus. The CIF will aim to achieve BREEAM certification on all assets starting 2028 and implement sustainable energy and resource solutions. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55696XI-IATI-EBRD-48859European Bank for Reconstruction and DevelopmentAn additional investment of up to EUR 25 million for a series of mortgage covered bonds to be issued by Všeobecna uverova banka ("VUB" of the "Issuer") in Slovakia over a period of 2 years, increasing the total EBRD investment in the Project to up to EUR 105 million. The Project falls under the EBRD's Covered Bond Framework for Slovakia. The original EBRD investment of EUR 80 million was signed in January 2017 and has been fully invested in covered bonds issued by VUB. The transaction will support the Issuer to access medium- to long-term funding by using a covered bond instrument collateralised by a pool of residential mortgage loans.European Bank for Reconstruction and DevelopmentVSEOBECNA UVEROVA BANKA (VUB) ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBRATISLAVA48.14816 17.10674105000000VSEOBECNA UVEROVA BANKA (VUB) ASPRIVATEPRIVATEPRIVATEAn additional investment of up to EUR 25 million for a series of mortgage covered bonds to be issued by Všeobecna uverova banka ("VUB" of the "Issuer") in Slovakia over a period of 2 years, increasing the total EBRD investment in the Project to up to EUR 105 million. The Project falls under the EBRD's Covered Bond Framework for Slovakia. The original EBRD investment of EUR 80 million was signed in January 2017 and has been fully invested in covered bonds issued by VUB. The transaction will support the Issuer to access medium- to long-term funding by using a covered bond instrument collateralised by a pool of residential mortgage loans. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48859XI-IATI-EBRD-54452European Bank for Reconstruction and DevelopmentEUR 12 million to finance implementation of various energy efficiency measures and potentially renewable energy technology (solar photovoltaic) in three public hospital buildings: (i) the Clinical Centre in Podgorica; (ii) a hospital in Cetinje; and (iii) a hospital in Bijelo Polje. The Project will improve energy performance and environmental sustainability of the renovated hospitals, improve damaged structures and air quality, as well as comfort level, which are very important for buildings of this nature. The Project will contribute to reduction of GHG emissions and energy consumption, yielding electricity and heating savings. Additionally, achievement of higher standards of heating, cooling and ventilation will result in improved thermal comfort for the users of three hospitals: * Clinical Centre of Montenegro in Podgorica - 23,278 sqm, which is the largest and most important hospital in Montenegro. * Hospital in Bijelo Polje - 15,000 sqm, and * Hospital in Cetinje - 4,194 sqm The selected hospitals are managed by the Ministry of Health ("MoH" or the "Client"). According to the Feasibility Study total gross area of the buildings included for the refurbishment in the investment programme is 37,655 sqm and the estimated cost is c. EUR 15,000,000. The specific investment cost is therefore 358.4 EUR/sqm gross area and the specific cost savings are 52.1 EUR/sqm per year.European Bank for Reconstruction and DevelopmentMONTENEGRO SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPODGORICA42.44111 19.263611188000012000000MONTENEGRO SOVEREIGN120000MONTENEGRO SOVEREIGNSTATESTATESTATESTATEEUR 12 million to finance implementation of various energy efficiency measures and potentially renewable energy technology (solar photovoltaic) in three public hospital buildings: (i) the Clinical Centre in Podgorica; (ii) a hospital in Cetinje; and (iii) a hospital in Bijelo Polje. The Project will improve energy performance and environmental sustainability of the renovated hospitals, improve damaged structures and air quality, as well as comfort level, which are very important for buildings of this nature. The Project will contribute to reduction of GHG emissions and energy consumption, yielding electricity and heating savings. Additionally, achievement of higher standards of heating, cooling and ventilation will result in improved thermal comfort for the users of three hospitals: * Clinical Centre of Montenegro in Podgorica - 23,278 sqm, which is the largest and most important hospital in Montenegro. * Hospital in Bijelo Polje - 15,000 sqm, and * Hospital in Cetinje - 4,194 sqm The selected hospitals are managed by the Ministry of Health ("MoH" or the "Client"). According to the Feasibility Study total gross area of the buildings included for the refurbishment in the investment programme is 37,655 sqm and the estimated cost is c. EUR 15,000,000. The specific investment cost is therefore 358.4 EUR/sqm gross area and the specific cost savings are 52.1 EUR/sqm per year. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54452XI-IATI-EBRD-50776European Bank for Reconstruction and DevelopmentA senior unsecured term loan up to USD 225 million equivalent in TRY in favour of Enerjisa Enerji A.S. (the "Borrower" or the "Company"). Enerjisa Enerji is an existing client of the Bank operating electricity distribution and electricity retail business in Turkey serving a quarter of Turkey. Enerjisa Enerji operates as a JV between Sabanci Holding and E.ON, each holding 40%. Remaining 20% is free float on Borsa Istanbul. The EBRD loan will finance part of the investment program for the years 2019 and 2020 of its three regional electricity distribution networks: Baskent EDAS, Anadolu Yakasi EDAS, Toroslar EDAS.European Bank for Reconstruction and DevelopmentENERJISA ENERJI ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBASKENT39.92722 32.8644430338230.8ENERJISA ENERJI ASPRIVATEPRIVATEPRIVATEA senior unsecured term loan up to USD 225 million equivalent in TRY in favour of Enerjisa Enerji A.S. (the "Borrower" or the "Company"). Enerjisa Enerji is an existing client of the Bank operating electricity distribution and electricity retail business in Turkey serving a quarter of Turkey. Enerjisa Enerji operates as a JV between Sabanci Holding and E.ON, each holding 40%. Remaining 20% is free float on Borsa Istanbul. The EBRD loan will finance part of the investment program for the years 2019 and 2020 of its three regional electricity distribution networks: Baskent EDAS, Anadolu Yakasi EDAS, Toroslar EDAS. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50776XI-IATI-EBRD-45124European Bank for Reconstruction and DevelopmentThe EBRD is providing up to EUR 5.7 million (or RON equivalent) to S.C. SECOM S.A. (the 'Company') a regional operating company ('ROC') providing water and wastewater services in the County of Mehedinti, located in south-west Romania, to co-finance the Company's regional EU Cohesion Funds investment programme of up to EUR 72.9 million ('the Project'). The EUR 5.7 million loan is a sub-project of the EUR 130 million Extension of the Regional EU Cohesion Fund Water Co-Financing framework (the 'Framework') approved by the Bank to co-finance projects in Romania's water and wastewater sector alongside EU Cohesion Funds. The project summary document for the Framework was published on 23 September 2010. The proposed Project will enable the Company to rehabilitate and extend its water and wastewater infrastructure in nine agglomerations and nine water supply zones in the County of Mehedinti. The investment is expected to improve the quality of the drinking water to meet EU directives as well as to increase both access to and quality of the water and sewerage services.European Bank for Reconstruction and DevelopmentSECOM SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGDROBETA-TURNU SEVERIN44.62693 22.652885700000SECOM SA5009424.16SECOM SA690575.84SECOM SASTATESTATESTATESTATEThe EBRD is providing up to EUR 5.7 million (or RON equivalent) to S.C. SECOM S.A. (the 'Company') a regional operating company ('ROC') providing water and wastewater services in the County of Mehedinti, located in south-west Romania, to co-finance the Company's regional EU Cohesion Funds investment programme of up to EUR 72.9 million ('the Project'). The EUR 5.7 million loan is a sub-project of the EUR 130 million Extension of the Regional EU Cohesion Fund Water Co-Financing framework (the 'Framework') approved by the Bank to co-finance projects in Romania's water and wastewater sector alongside EU Cohesion Funds. The project summary document for the Framework was published on 23 September 2010. The proposed Project will enable the Company to rehabilitate and extend its water and wastewater infrastructure in nine agglomerations and nine water supply zones in the County of Mehedinti. The investment is expected to improve the quality of the drinking water to meet EU directives as well as to increase both access to and quality of the water and sewerage services. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/45124XI-IATI-EBRD-46141European Bank for Reconstruction and DevelopmentAn equity investment in the Abraaj Turkey Fund I (the "Fund"), a private equity investment fund established as a limited partnership in the Cayman Islands. The Fund will make growth equity and equity-related investments in mid-market companies operating in Turkey. Null ValueEuropean Bank for Reconstruction and DevelopmentTEMPLETON TURKEY FUND LPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANKARA39.91987 32.8542722526032.9565500506.27TEMPLETON TURKEY FUND LPPRIVATEPRIVATEPRIVATEAn equity investment in the Abraaj Turkey Fund I (the "Fund"), a private equity investment fund established as a limited partnership in the Cayman Islands. The Fund will make growth equity and equity-related investments in mid-market companies operating in Turkey. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/46141XI-IATI-EBRD-54448European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to USD 108 million to Yapi ve Kredi Bankasi ("YKB") under the Türkiye-Disaster Response Framework ("DRF" or "Framework"), a framework for Turkish banks to support livelihoods, jobs and human capital in the South-Eastern provinces of Türkiye, affected by the February 6, 2023 earthquakes. The EBRD proceeds will be channelled through YKB to support eligible private businesses and individuals directly impacted by the disaster, with an aim to address the most immediate funding needs of the local population in the affected cities. The Framework constitutes the first and immediate phase of EBRD's emergency crisis response to the devastating earthquakes in South-Eastern Türkiye. It will channel EBRD funding via the Bank's existing partner banks in Türkiye to support individuals and businesses directly affected by the disaster. As such, the Framework reflects the goals of the EBRD's Equality of Opportunity Strategy 2021-2025 ("EOS") which recognizes that shocks and crises, including natural disasters, have the potential to entrench and exacerbate existing inequality of opportunity, therefore requiring the EBRD to mitigate the impacts of such events on livelihoods and human capital.European Bank for Reconstruction and DevelopmentYAPI VE KREDI BANKASI ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496694546091.22YAPI VE KREDI BANKASI ASPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to USD 108 million to Yapi ve Kredi Bankasi ("YKB") under the Türkiye-Disaster Response Framework ("DRF" or "Framework"), a framework for Turkish banks to support livelihoods, jobs and human capital in the South-Eastern provinces of Türkiye, affected by the February 6, 2023 earthquakes. The EBRD proceeds will be channelled through YKB to support eligible private businesses and individuals directly impacted by the disaster, with an aim to address the most immediate funding needs of the local population in the affected cities. The Framework constitutes the first and immediate phase of EBRD's emergency crisis response to the devastating earthquakes in South-Eastern Türkiye. It will channel EBRD funding via the Bank's existing partner banks in Türkiye to support individuals and businesses directly affected by the disaster. As such, the Framework reflects the goals of the EBRD's Equality of Opportunity Strategy 2021-2025 ("EOS") which recognizes that shocks and crises, including natural disasters, have the potential to entrench and exacerbate existing inequality of opportunity, therefore requiring the EBRD to mitigate the impacts of such events on livelihoods and human capital. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54448XI-IATI-EBRD-48250European Bank for Reconstruction and DevelopmentA EUR 88.3 million loan to Istanbul Metropolitan Municipality. The proceeds will be used for the construction of Atakoy-Ikitelli metro line with a total length of 13.4 kilometers including 12 underground stations and a depot area as well as electromechanical works of the entire line. The construction of a new metro line is part of the extension of the city's urban rail network to meet increasing demand. It will help provide frequent and efficient services to Istanbul residents and will be a fast, reliable, comfortable, and environmentally friendly alternative to the use of private vehicles.European Bank for Reconstruction and DevelopmentMUNICIPALITY OF ISTANBULEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATAKOY40.97806 28.872588272200MUNICIPALITY OF ISTANBUL8100225.23MUNICIPALITY OF ISTANBUL9100000MUNICIPALITY OF ISTANBUL9100000MUNICIPALITY OF ISTANBUL9100000MUNICIPALITY OF ISTANBUL9100000MUNICIPALITY OF ISTANBUL13000000MUNICIPALITY OF ISTANBUL13000000MUNICIPALITY OF ISTANBUL17771974.77MUNICIPALITY OF ISTANBULSTATESTATESTATESTATEA EUR 88.3 million loan to Istanbul Metropolitan Municipality. The proceeds will be used for the construction of Atakoy-Ikitelli metro line with a total length of 13.4 kilometers including 12 underground stations and a depot area as well as electromechanical works of the entire line. The construction of a new metro line is part of the extension of the city's urban rail network to meet increasing demand. It will help provide frequent and efficient services to Istanbul residents and will be a fast, reliable, comfortable, and environmentally friendly alternative to the use of private vehicles. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48250XI-IATI-EBRD-53938European Bank for Reconstruction and DevelopmentEBRD has purchased a minority stake in DeFacto Perakende Ticaret A.S. ("DeFacto" or the "Company"), a global apparel retailer based in Türkiye with operations in more than 90 countries. The Bank's equity investment amounted to USD 59 million. The Project will support the international growth of the Company and promote economic inclusion and gender equality.European Bank for Reconstruction and DevelopmentDEFACTO PERAKENDE TICARET ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496641320143.57DEFACTO PERAKENDE TICARET ASPRIVATEPRIVATEPRIVATEEBRD has purchased a minority stake in DeFacto Perakende Ticaret A.S. ("DeFacto" or the "Company"), a global apparel retailer based in Türkiye with operations in more than 90 countries. The Bank's equity investment amounted to USD 59 million. The Project will support the international growth of the Company and promote economic inclusion and gender equality. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53938XI-IATI-EBRD-47628European Bank for Reconstruction and DevelopmentIn 2016, the EBRD signed a six-year, EUR 50m senior unsecured loan to AEP Anadolu Etap Penkon Gida ve Tarim Urunleri Sanayi ve Ticaret A.S. (the 'Company'), financing the Company's capex programme for 2015-2016 and limited balance sheet restructuring. The EBRD is considering providing additional EUR 60m (to be syndicated 50/50 on an A/B loan structure) in order to support additional working capital needs (EUR 20m), retroactively finance CapEx and extend the maturity of the loan book. Null ValueEuropean Bank for Reconstruction and DevelopmentAEP ANADOLU ETAP PENKON GIDA VE TARIM URUNLERI SANAYI VE TICARET ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANADOLU39.77667 30.5205680000000AEP ANADOLU ETAP PENKON GIDA VE TARIM URUNLERI SANAYI VE TICARET ASPRIVATEPRIVATEPRIVATEIn 2016, the EBRD signed a six-year, EUR 50m senior unsecured loan to AEP Anadolu Etap Penkon Gida ve Tarim Urunleri Sanayi ve Ticaret A.S. (the 'Company'), financing the Company's capex programme for 2015-2016 and limited balance sheet restructuring. The EBRD is considering providing additional EUR 60m (to be syndicated 50/50 on an A/B loan structure) in order to support additional working capital needs (EUR 20m), retroactively finance CapEx and extend the maturity of the loan book. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47628XI-IATI-EBRD-54575European Bank for Reconstruction and DevelopmentThe Project will address the emergency needs of the city of Mykolayiv, Ukraine, to rehabilitate its aging water supply and treatment infrastructure, which are currently in poor technical condition due to damages caused by Russian shelling. The Project is expected to result in restoration of the City's drinking water supply to the City, reduction of water losses and improved quality of supplied water as well as energy savings and a reduction in GHG. The Project will increase the City's resilience by improving the reliability of water supply to municipal residents, including returnee IDPs, and to hospitals and medical facilities, which require clean reliable water to function. The proceeds of the loan and grant funds will finance: (i) rebuilding of preliminary treatment unit at Dnipro water intake, including installation of new microfilters, (ii) replacement of rotating screens at the Dnipro water intake preliminary treatment unit, (iii) renovation of pumping station 1, including building repairs, replacement of pumps and control equipment and (iv) replacement of priority steel pipelines within the water distribution network. The local co-financing will cover: (i) renovation of pumping station 0, including building repairs, replacement of pumps and control equipment and (ii) renovation of electrical transformer substation. The Project will be complementary to the ongoing emergency support to the City of Mykolayiv (the "City" or "Mykolayiv") from other IFIs and international donors, including an European Investment Bank (the "EIB") project with the Company, co-financed by E5P, aimed at rehabilitation of some sections of water supply and wastewater infrastructure in the City. The Project will address the City's emergency needs to rehabilitate its aging water supply and treatment infrastructure, which are currently in poor technical condition due to damages caused by Russian shelling. The Project is expected to result in restoration of the City's drinking water supply to the City, a reduction of water losses and improved quality of supplied water as well as energy savings and a reduction in GHG. The Project will increase the City's resilience by improving the reliability of water supply to municipal residents, including returnee IDPs, and to hospitals and medical facilities, which require clean, reliable water to function.European Bank for Reconstruction and DevelopmentCOMMUNAL ENTERPRISE MYKOLAYIVVODOKANALEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGMYKOLAIV49.52372 23.985221000000010000000COMMUNAL ENTERPRISE MYKOLAYIVVODOKANALSTATESTATESTATESTATEThe Project will address the emergency needs of the city of Mykolayiv, Ukraine, to rehabilitate its aging water supply and treatment infrastructure, which are currently in poor technical condition due to damages caused by Russian shelling. The Project is expected to result in restoration of the City's drinking water supply to the City, reduction of water losses and improved quality of supplied water as well as energy savings and a reduction in GHG. The Project will increase the City's resilience by improving the reliability of water supply to municipal residents, including returnee IDPs, and to hospitals and medical facilities, which require clean reliable water to function. The proceeds of the loan and grant funds will finance: (i) rebuilding of preliminary treatment unit at Dnipro water intake, including installation of new microfilters, (ii) replacement of rotating screens at the Dnipro water intake preliminary treatment unit, (iii) renovation of pumping station 1, including building repairs, replacement of pumps and control equipment and (iv) replacement of priority steel pipelines within the water distribution network. The local co-financing will cover: (i) renovation of pumping station 0, including building repairs, replacement of pumps and control equipment and (ii) renovation of electrical transformer substation. The Project will be complementary to the ongoing emergency support to the City of Mykolayiv (the "City" or "Mykolayiv") from other IFIs and international donors, including an European Investment Bank (the "EIB") project with the Company, co-financed by E5P, aimed at rehabilitation of some sections of water supply and wastewater infrastructure in the City. The Project will address the City's emergency needs to rehabilitate its aging water supply and treatment infrastructure, which are currently in poor technical condition due to damages caused by Russian shelling. The Project is expected to result in restoration of the City's drinking water supply to the City, a reduction of water losses and improved quality of supplied water as well as energy savings and a reduction in GHG. The Project will increase the City's resilience by improving the reliability of water supply to municipal residents, including returnee IDPs, and to hospitals and medical facilities, which require clean, reliable water to function. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54575XI-IATI-EBRD-50055European Bank for Reconstruction and DevelopmentThe provision of a € 10 million loan to Municipal Enterprise 'Poltavaelectroavtotrans' (the "Company") to finance (i) the acquisition of up to 40 new trolleybuses and related maintenance and diagnostic equipment, (ii) modernisation of three substations. The Project is part of the proposed a € 250 million Ukraine Public Transport Framework II consisting of municipal-guaranteed loans to public transport companies in Ukraine to facilitate critical improvements in public transport infrastructure in a number of cities across Ukraine. The Project will address critical challenges, including, inter alia, air pollution, quality of public transport services and infrastructure in urban transport development of the City of Poltava by improving both the access to clean urban transport, as well as the capacity and efficiency of public transport services.European Bank for Reconstruction and DevelopmentPOLTAVAELECTROAVTOTRANS MEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPOLTAVA49.59373 34.5407310000000POLTAVAELECTROAVTOTRANS ME1501323.05POLTAVAELECTROAVTOTRANS ME1440000POLTAVAELECTROAVTOTRANS ME1477869.95POLTAVAELECTROAVTOTRANS ME3087422.27POLTAVAELECTROAVTOTRANS MESTATESTATESTATESTATEThe provision of a € 10 million loan to Municipal Enterprise 'Poltavaelectroavtotrans' (the "Company") to finance (i) the acquisition of up to 40 new trolleybuses and related maintenance and diagnostic equipment, (ii) modernisation of three substations. The Project is part of the proposed a € 250 million Ukraine Public Transport Framework II consisting of municipal-guaranteed loans to public transport companies in Ukraine to facilitate critical improvements in public transport infrastructure in a number of cities across Ukraine. The Project will address critical challenges, including, inter alia, air pollution, quality of public transport services and infrastructure in urban transport development of the City of Poltava by improving both the access to clean urban transport, as well as the capacity and efficiency of public transport services. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50055XI-IATI-EBRD-56426European Bank for Reconstruction and DevelopmentA senior secured loan facility of up to EUR 100 million in favour of the project companies (the "Borrowers") that will develop, own and operate affordable housing projects in Ukraine. The Borrowers are / will be 100% owned by Mr Dell Loy Hansen (the "Sponsor") and are operationally supported by Hansen Ukrainian Mission ("HUM"), a Ukraine-based non-profit organisation founded by the Sponsor. With HUM's support, the Sponsor launched the "Ladder to Prosperity" Programme, an affordable housing platform designed to support internally displaced persons ("IDPs"), senior citizens, and war veterans in Ukraine (the "Platform"). The loan facility will fund the further expansion of the Platform, with a focus on (i) affordable rental and (ii) rent-to-own housing models (the "Project"). The initial committed tranche of EUR 7.1 million will finance the development of Phase 1 of the Project, comprising two EDGE-certified affordable rental housing projects in Kyiv Region, delivering 182 units. Future phases of the Project will scale up to ca. 1,800 energy-efficient affordable housing units across multiple locations by 2029. EBRD's financing will enable the Sponsor to deliver stable, energy-efficient, and affordable housing for IDPs and other vulnerable groups, while also supporting economic integration through targeted training programmes. The Project will serve as a demonstration of a private-sector-led housing recovery model in Ukraine, designed for replication and scale-up in subsequent phases.European Bank for Reconstruction and DevelopmentHANSEN AFFORDABLE HOUSING LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.523817000007100000HANSEN AFFORDABLE HOUSING LLCPRIVATEPRIVATEPRIVATEA senior secured loan facility of up to EUR 100 million in favour of the project companies (the "Borrowers") that will develop, own and operate affordable housing projects in Ukraine. The Borrowers are / will be 100% owned by Mr Dell Loy Hansen (the "Sponsor") and are operationally supported by Hansen Ukrainian Mission ("HUM"), a Ukraine-based non-profit organisation founded by the Sponsor. With HUM's support, the Sponsor launched the "Ladder to Prosperity" Programme, an affordable housing platform designed to support internally displaced persons ("IDPs"), senior citizens, and war veterans in Ukraine (the "Platform"). The loan facility will fund the further expansion of the Platform, with a focus on (i) affordable rental and (ii) rent-to-own housing models (the "Project"). The initial committed tranche of EUR 7.1 million will finance the development of Phase 1 of the Project, comprising two EDGE-certified affordable rental housing projects in Kyiv Region, delivering 182 units. Future phases of the Project will scale up to ca. 1,800 energy-efficient affordable housing units across multiple locations by 2029. EBRD's financing will enable the Sponsor to deliver stable, energy-efficient, and affordable housing for IDPs and other vulnerable groups, while also supporting economic integration through targeted training programmes. The Project will serve as a demonstration of a private-sector-led housing recovery model in Ukraine, designed for replication and scale-up in subsequent phases. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56426XI-IATI-EBRD-51814European Bank for Reconstruction and DevelopmentProvision of a senior loan of up to EUR 40 million to Ronesans Holding A.S. ("Ronesans") and Ronesans Saglik Yatirim A.S. ("Ronesans Healthcare"), the umbrella company of Ronesans Holding, for healthcare sector investments. The proceeds of the loan will be used mainly to refinance short-term loans used for equity injections in the Istanbul Ikitelli PPP Hospital Project. The remainder will be used by RSY Saglik Ticari A.S., the commercial area management company, and RSM Isletme Hizmetleri A.S., the facility management company, for investments in the Istanbul Ikitelli PPP Hospital. The operation will enable Ronesans Healthcare to restructure its balance sheet and eliminate the maturity mismatch between its assets and liabilities by providing longer term financing not currently available in the market. In addition, the operation will promote gender and inclusion through the implementation of a Gender Equal Opportunities Action Plan and a comprehensive Gender Audit, reviewing the design of the Ronesans Healthcare facilities and service delivery methods at the Ikitelli PPP Hospital.European Bank for Reconstruction and DevelopmentRONESANS HOLDING ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANKARA39.91987 32.8542730000000RONESANS HOLDING ASPRIVATEPRIVATEPRIVATEProvision of a senior loan of up to EUR 40 million to Ronesans Holding A.S. ("Ronesans") and Ronesans Saglik Yatirim A.S. ("Ronesans Healthcare"), the umbrella company of Ronesans Holding, for healthcare sector investments. The proceeds of the loan will be used mainly to refinance short-term loans used for equity injections in the Istanbul Ikitelli PPP Hospital Project. The remainder will be used by RSY Saglik Ticari A.S., the commercial area management company, and RSM Isletme Hizmetleri A.S., the facility management company, for investments in the Istanbul Ikitelli PPP Hospital. The operation will enable Ronesans Healthcare to restructure its balance sheet and eliminate the maturity mismatch between its assets and liabilities by providing longer term financing not currently available in the market. In addition, the operation will promote gender and inclusion through the implementation of a Gender Equal Opportunities Action Plan and a comprehensive Gender Audit, reviewing the design of the Ronesans Healthcare facilities and service delivery methods at the Ikitelli PPP Hospital. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51814XI-IATI-EBRD-49044European Bank for Reconstruction and DevelopmentThe provision of debt financing to Turkuaz Petrol Urunleri A.S., a fuel distribution company incorporated in Turkey. Supporting the company in financing the acquisition of state-owned Turkiye Petrolleri Petrol Dagitim A. S. or TPPD. TPPD is the sixth largest fuel distributor in Turkey.European Bank for Reconstruction and DevelopmentTP PETROL DAGITIM ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496626556155TP PETROL DAGITIM ASPRIVATEPRIVATEPRIVATEThe provision of debt financing to Turkuaz Petrol Urunleri A.S., a fuel distribution company incorporated in Turkey. Supporting the company in financing the acquisition of state-owned Turkiye Petrolleri Petrol Dagitim A. S. or TPPD. TPPD is the sixth largest fuel distributor in Turkey. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49044XI-IATI-EBRD-52031European Bank for Reconstruction and DevelopmentThe provision of a senior secured loan of US$ 2.8 million to IE "Tach Hil", a Turkmenistan based producer of hygienic products and plastic bags. The loan will partially finance the procurement of equipment to upgrade the production efficiency of hygienic products' line and to diversify product range. It will help purchase moulding machines for the PET bottles and equipment for the production of plastic bags and to finanace working capital needs. The objective of the project is to invest in equipment of hygienic products and plastic bags to help Tach Hil increase products range.European Bank for Reconstruction and DevelopmentTACH HIL IEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGASHGABAT37.95 58.383332451194.96TACH HIL IEPRIVATEPRIVATEPRIVATEThe provision of a senior secured loan of US$ 2.8 million to IE "Tach Hil", a Turkmenistan based producer of hygienic products and plastic bags. The loan will partially finance the procurement of equipment to upgrade the production efficiency of hygienic products' line and to diversify product range. It will help purchase moulding machines for the PET bottles and equipment for the production of plastic bags and to finanace working capital needs. The objective of the project is to invest in equipment of hygienic products and plastic bags to help Tach Hil increase products range. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52031XI-IATI-EBRD-55316European Bank for Reconstruction and DevelopmentEBRD invested PLN 100 million (EUR 23 million) in the first benchmark-sized issuance by Millennium Bank Hipoteczny ("MBH"), listed on the Warsaw Stock Exchange. The bonds have a maturity of 5 years. The project contributes to the development of Poland's capital market through investments in covered bonds of a new covered bond ("CB") issuer, thereby enhancing the resilience of an important financial institution in the country. The project also aims to promote the green transition in Poland.European Bank for Reconstruction and DevelopmentMILLENNIUM BANK HIPOTECZNY SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.0117884925116.99MILLENNIUM BANK HIPOTECZNY SAPRIVATEPRIVATEPRIVATEEBRD invested PLN 100 million (EUR 23 million) in the first benchmark-sized issuance by Millennium Bank Hipoteczny ("MBH"), listed on the Warsaw Stock Exchange. The bonds have a maturity of 5 years. The project contributes to the development of Poland's capital market through investments in covered bonds of a new covered bond ("CB") issuer, thereby enhancing the resilience of an important financial institution in the country. The project also aims to promote the green transition in Poland. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55316XI-IATI-EBRD-54699European Bank for Reconstruction and DevelopmentAn equity investment of up to AUD 5M in Sarytogan Graphite Limited, an ASX-listed company, to finance the ongoing development programme of Sarytogan project over 2024-2025. The Bank's financing will be applied towards the development of the Sarytogan graphite deposit, including preparation of a Feasibility Study, working capital and contingency.European Bank for Reconstruction and DevelopmentSARYTOGAN GRAPHITE LTDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGNUR-SULTAN51.1801 71.445983883236.76SARYTOGAN GRAPHITE LTDPRIVATEPRIVATEPRIVATEAn equity investment of up to AUD 5M in Sarytogan Graphite Limited, an ASX-listed company, to finance the ongoing development programme of Sarytogan project over 2024-2025. The Bank's financing will be applied towards the development of the Sarytogan graphite deposit, including preparation of a Feasibility Study, working capital and contingency. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54699XI-IATI-EBRD-46437European Bank for Reconstruction and DevelopmentThe EBRD is financing a project aimed at the rehabilitation and modernisation of the street lighting network in the Armenian capital city, Yerevan. The key project components include 80 km of underground cabling in primary and secondary streets, the replacement of existing lighting fixtures with modern, energy efficient technology, and the installation of a central lighting-management system with automated control and energy monitoring. The proceeds of the EBRD loan will finance a pilot project to refurbish the street lighting network of 28 streets in Yerevan. Null ValueEuropean Bank for Reconstruction and DevelopmentARMENIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYEREVAN40.18111 44.513613501707.09ARMENIA SOVEREIGN35017.07ARMENIA SOVEREIGN530941.16ARMENIA SOVEREIGN15836.54ARMENIA SOVEREIGN85330ARMENIA SOVEREIGN12730.51ARMENIA SOVEREIGN35574.17ARMENIA SOVEREIGN45458.29ARMENIA SOVEREIGN109491.38ARMENIA SOVEREIGN171248.65ARMENIA SOVEREIGN118619.63ARMENIA SOVEREIGNSTATESTATESTATESTATEThe EBRD is financing a project aimed at the rehabilitation and modernisation of the street lighting network in the Armenian capital city, Yerevan. The key project components include 80 km of underground cabling in primary and secondary streets, the replacement of existing lighting fixtures with modern, energy efficient technology, and the installation of a central lighting-management system with automated control and energy monitoring. The proceeds of the EBRD loan will finance a pilot project to refurbish the street lighting network of 28 streets in Yerevan. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/46437XI-IATI-EBRD-50044European Bank for Reconstruction and DevelopmentAn investment in Avia Capital Fund I (the "Fund"), a private equity fund targeting small and medium sized enterprises (SMEs) in Poland. The Fund will seek to achieve long-term capital growth by making equity and quasi-equity investments in SMEs with typical enterprise values up to EUR 40 million.European Bank for Reconstruction and DevelopmentAVIA CAPITAL FUND I SCA SICAVEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.011788153581.9115000000AVIA CAPITAL FUND I SCA SICAVPRIVATEPRIVATEPRIVATEAn investment in Avia Capital Fund I (the "Fund"), a private equity fund targeting small and medium sized enterprises (SMEs) in Poland. The Fund will seek to achieve long-term capital growth by making equity and quasi-equity investments in SMEs with typical enterprise values up to EUR 40 million. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50044XI-IATI-EBRD-53657European Bank for Reconstruction and DevelopmentProvision of a loan to finance the expansion of a recycling facility and installation of PV panels on site. The facility (currently under construction) will allow recycling of spent lithium-ion batteries for electric vehicles and autocatalysts containing platinum group metals (PGM). The facility will be one of the first of its kind in the EU and entail deployment of a new technology. It will produce secondary metals and other materials that can be reused as input for the production of new batteries or other applications, providing an essential recycling service within the lithium-ion batteries value chain and circular economy. The installation of PV panels also contributes to reducing the carbon footprint. The Project will support a responsible management of limited resources in the circular economy via recycling of Platinum Group Metals (PGMs). The Project will allow Elemental Group to: (i) enter the new, developing market of Li-ion batteries recycling and (ii) move across the value chain for PGM recycling through construction of own processing facility.European Bank for Reconstruction and DevelopmentELEMENTAL GLOBAL SERVICES SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGMAKOW MAZOWIECKI52.86493 21.1005338000000ELEMENTAL GLOBAL SERVICES SAPRIVATEPRIVATEPRIVATEProvision of a loan to finance the expansion of a recycling facility and installation of PV panels on site. The facility (currently under construction) will allow recycling of spent lithium-ion batteries for electric vehicles and autocatalysts containing platinum group metals (PGM). The facility will be one of the first of its kind in the EU and entail deployment of a new technology. It will produce secondary metals and other materials that can be reused as input for the production of new batteries or other applications, providing an essential recycling service within the lithium-ion batteries value chain and circular economy. The installation of PV panels also contributes to reducing the carbon footprint. The Project will support a responsible management of limited resources in the circular economy via recycling of Platinum Group Metals (PGMs). The Project will allow Elemental Group to: (i) enter the new, developing market of Li-ion batteries recycling and (ii) move across the value chain for PGM recycling through construction of own processing facility. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53657XI-IATI-EBRD-52896European Bank for Reconstruction and DevelopmentProvision of a structurally subordinated loan of up to EUR 15.0m with a seven-year tenor and bullet repayment at maturity (the "Loan"). The proceeds from the Loan will be used to primarily finance the payment of deferred consideration to the founder in connection with Mlinar's acquisition by Mid Europa Fund V. In turn, this will enable Mlinar (and its Serbian subsidiary Hleb i Kifle) to use the internally available and generated cash to implement the investment plan in Croatia and Serbia, which includes: (i) roll-out of new bakery stores; (ii) modernization and refurbishment of existing bakery stores; and (iii) purchase, installation, upgrade and maintenance of certain bakery production and other equipment. Through the proposed project, the Bank will support the Group to advance its competitiveness by resuming its medium-term investment plan, which will enable it to implement its value creation plan and will lead to improvements in operational efficiency. In addition, the project will support the inclusion of senior workers (primarily women) and other target groups in the workforce by providing new accredited training programmes and learning opportunities.European Bank for Reconstruction and DevelopmentSEE BAKERY TOPCO SARLEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGZAGREB45.81444 15.97798BELGRADE44.80401 20.4651315000000SEE BAKERY TOPCO SARLPRIVATEPRIVATEPRIVATEProvision of a structurally subordinated loan of up to EUR 15.0m with a seven-year tenor and bullet repayment at maturity (the "Loan"). The proceeds from the Loan will be used to primarily finance the payment of deferred consideration to the founder in connection with Mlinar's acquisition by Mid Europa Fund V. In turn, this will enable Mlinar (and its Serbian subsidiary Hleb i Kifle) to use the internally available and generated cash to implement the investment plan in Croatia and Serbia, which includes: (i) roll-out of new bakery stores; (ii) modernization and refurbishment of existing bakery stores; and (iii) purchase, installation, upgrade and maintenance of certain bakery production and other equipment. Through the proposed project, the Bank will support the Group to advance its competitiveness by resuming its medium-term investment plan, which will enable it to implement its value creation plan and will lead to improvements in operational efficiency. In addition, the project will support the inclusion of senior workers (primarily women) and other target groups in the workforce by providing new accredited training programmes and learning opportunities. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52896XI-IATI-EBRD-56986European Bank for Reconstruction and DevelopmentProvision of a sub-sovereign loan of up to USD 6.0 million (the "Loan") in favour of GAM to finance the following solid waste project components at the Al Ghabawi Landfil (the "Project"): * The capping of cell number 5 ("Cell 5") to enable the capture and abate of methane emissions; * The connection of Cell 5 to the existing landfill-gas ("LFG") utilisation system, allowing the recovered gas to be used for power generation; and * The implementation of a leachate management system within the cell. The investment is a sub-project under the EBRD Green Cities Programme (Green Cities Framework 3 Window I or "GrCF3"), as it represents a 'follow-on investment' under Amman's Green City Action Plan ("GCAP"), and will trigger the development of the second phase of Amman GCAP ("GCAP2") The Project benefits from a first loss risk cover from the European Fund for Sustainable Development plus ("EFSD+") Municipal Infrastructure and Industrial Resilience ("MIIR") guarantee programme. The programme contributes to transitioning economies in the European Neighbourhood South and European Neighbourhood East by supporting sustainable investments in green city infrastructure, greening logistics chains, energy efficiency and green technology transfers in industrial processes, commercial operations and buildings. The objective of the Project is to address the risks posed by the existing uncapped cell, which currently presents significant environmental hazards, including leachate infiltration, methane gas emissions, risk of self-ignition, volatile organic compound ("VOC") emissions, and odor nuisances. Beyond environmental protection, the Project aims to strengthen GAM's integrated solid waste management strategy and waste-to-energy approach by increasing the existing landfill gas-to-energy utilisation from 4.8 MW to 6.4 MW, offsetting approximately 60 per cent of GAM's electricity costs, and promoting circular economy principles. Additionally, the inclusion of a financial sustainability roadmap under GCAP2 will strengthen GAM's long-term financial stability.European Bank for Reconstruction and DevelopmentMUNICIPALITY OF GREATER AMMANEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGAMMAN31.95522 35.945035252560.625252560.62MUNICIPALITY OF GREATER AMMANSTATESTATESTATESTATEProvision of a sub-sovereign loan of up to USD 6.0 million (the "Loan") in favour of GAM to finance the following solid waste project components at the Al Ghabawi Landfil (the "Project"): * The capping of cell number 5 ("Cell 5") to enable the capture and abate of methane emissions; * The connection of Cell 5 to the existing landfill-gas ("LFG") utilisation system, allowing the recovered gas to be used for power generation; and * The implementation of a leachate management system within the cell. The investment is a sub-project under the EBRD Green Cities Programme (Green Cities Framework 3 Window I or "GrCF3"), as it represents a 'follow-on investment' under Amman's Green City Action Plan ("GCAP"), and will trigger the development of the second phase of Amman GCAP ("GCAP2") The Project benefits from a first loss risk cover from the European Fund for Sustainable Development plus ("EFSD+") Municipal Infrastructure and Industrial Resilience ("MIIR") guarantee programme. The programme contributes to transitioning economies in the European Neighbourhood South and European Neighbourhood East by supporting sustainable investments in green city infrastructure, greening logistics chains, energy efficiency and green technology transfers in industrial processes, commercial operations and buildings. The objective of the Project is to address the risks posed by the existing uncapped cell, which currently presents significant environmental hazards, including leachate infiltration, methane gas emissions, risk of self-ignition, volatile organic compound ("VOC") emissions, and odor nuisances. Beyond environmental protection, the Project aims to strengthen GAM's integrated solid waste management strategy and waste-to-energy approach by increasing the existing landfill gas-to-energy utilisation from 4.8 MW to 6.4 MW, offsetting approximately 60 per cent of GAM's electricity costs, and promoting circular economy principles. Additionally, the inclusion of a financial sustainability roadmap under GCAP2 will strengthen GAM's long-term financial stability. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56986XI-IATI-EBRD-52029European Bank for Reconstruction and DevelopmentProvision of a senior secured loan guaranteed by UC SpA of up to EUR 5m under FIF - Regional SME CSP in two equal tranches. The 2nd tranche is uncommitted and its commitment will be at EBRD's sole discretion. This project will contribute to the objectives of CSP WB, supporting the Competitive and Resilient TI quality.European Bank for Reconstruction and DevelopmentUNICREDIT BANK AD BANJA LUKAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBANJA LUKA44.77842 17.193865000000UNICREDIT BANK AD BANJA LUKAPRIVATEPRIVATEPRIVATEProvision of a senior secured loan guaranteed by UC SpA of up to EUR 5m under FIF - Regional SME CSP in two equal tranches. The 2nd tranche is uncommitted and its commitment will be at EBRD's sole discretion. This project will contribute to the objectives of CSP WB, supporting the Competitive and Resilient TI quality. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52029XI-IATI-EBRD-53539European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to EUR 3.0m to ProCredit Bank Albania ("PCBA") under the Regional SME Competitiveness Support Programme ("CSP"). The Loan is envisaged to provide financing for on-lending to local SMEs for investments to upgrade production facilities and comply with various EU Directives in the field of environmental protection, workers' safety and product quality and safety and become competitive. Support to SMEs is tailored as a combination of access to finance with TC and non TC assistance. At least 60% of the use of proceeds will go towards financing GET-eligible investments.European Bank for Reconstruction and DevelopmentPROCREDIT BANK ALBANIA SHAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTIRANA41.3275 19.818893000000PROCREDIT BANK ALBANIA SHAPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to EUR 3.0m to ProCredit Bank Albania ("PCBA") under the Regional SME Competitiveness Support Programme ("CSP"). The Loan is envisaged to provide financing for on-lending to local SMEs for investments to upgrade production facilities and comply with various EU Directives in the field of environmental protection, workers' safety and product quality and safety and become competitive. Support to SMEs is tailored as a combination of access to finance with TC and non TC assistance. At least 60% of the use of proceeds will go towards financing GET-eligible investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53539XI-IATI-EBRD-53223European Bank for Reconstruction and DevelopmentProvision of up to USD 25 million senior unsecured loan to Cairo Amman Bank ("CAB"), under the GCF-GEFF Jordan Programme . Up to USD 6.25 million of this loan is expected to be co-financed by the Green Climate Fund ("GCF") under the same conditions. The EBRD loan is intended to support the development of a strong demand-driven market for investments in high-performance technologies and services in a gender-responsive manner. The facility will be supporting the green economy in Jordan via investments in climate change mitigation and adaptation technologies, best practices and providing eligible sub-borrowers with access to dedicated green finance tools, machinery, equipment and solutions as well as awareness raising and capacity building.European Bank for Reconstruction and DevelopmentCAIRO AMMAN BANKEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGAMMAN31.95522 35.945036565700.78CAIRO AMMAN BANKPRIVATEPRIVATEPRIVATEProvision of up to USD 25 million senior unsecured loan to Cairo Amman Bank ("CAB"), under the GCF-GEFF Jordan Programme . Up to USD 6.25 million of this loan is expected to be co-financed by the Green Climate Fund ("GCF") under the same conditions. The EBRD loan is intended to support the development of a strong demand-driven market for investments in high-performance technologies and services in a gender-responsive manner. The facility will be supporting the green economy in Jordan via investments in climate change mitigation and adaptation technologies, best practices and providing eligible sub-borrowers with access to dedicated green finance tools, machinery, equipment and solutions as well as awareness raising and capacity building. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53223XI-IATI-EBRD-56232European Bank for Reconstruction and DevelopmentAn equity investment of up to EUR 60 million in favour of Amber Dragon Ukraine Infrastructure Fund I (the "Fund"), a generalist infrastructure fund. The Fund will invest in infrastructure projects (primarily renewable energy generation, sustainable transportation and digital infrastructure) in Ukraine.European Bank for Reconstruction and DevelopmentAMBER DRAGON UKRAINE INFRASTRUCTURE FUND I SCSPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.52386000000060000000AMBER DRAGON UKRAINE INFRASTRUCTURE FUND I SCSPPRIVATEPRIVATEPRIVATEAn equity investment of up to EUR 60 million in favour of Amber Dragon Ukraine Infrastructure Fund I (the "Fund"), a generalist infrastructure fund. The Fund will invest in infrastructure projects (primarily renewable energy generation, sustainable transportation and digital infrastructure) in Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56232XI-IATI-EBRD-49099European Bank for Reconstruction and DevelopmentA follow on equity investment of up to US$ 4 million in PandaDoc, Inc to further develop the online software product and support the company's sales and marketing efforts. The investment was completed on the 14th July 2020. It followed the original investment made on 6th April 2017. Up to US$ 4 million follow on equity investment as part of Venture Capital Investment Programme (VCIP) follow on reserves.European Bank for Reconstruction and DevelopmentPANDADOC INCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGMINSK53.9 27.566677802819.31PANDADOC INCPRIVATEPRIVATEPRIVATEA follow on equity investment of up to US$ 4 million in PandaDoc, Inc to further develop the online software product and support the company's sales and marketing efforts. The investment was completed on the 14th July 2020. It followed the original investment made on 6th April 2017. Up to US$ 4 million follow on equity investment as part of Venture Capital Investment Programme (VCIP) follow on reserves. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49099XI-IATI-EBRD-48237European Bank for Reconstruction and DevelopmentProvision of a senior loan of up to EUR 10 million to Communal Enterprise "Zhytomyrske Tramvaino-Troleybusne Upravlinnya" (the "company") consisting of a loan of up to EUR 9 million from the EBRD ordinary capital resources and a loan of up to EUR 1 million from the Clean Technology Fund (the "CTF") resources administered by the Bank's CIF Special Fund. The loan is expected to be co-financed by an investment grant of up to EUR 2 million ("grant") from the EU Neighbourhood Investment Platform ("NIP"). The proceeds of the loan and the grant will be used to finance: (i) the acquisition of up to 50 new trolleybuses and related maintenance and diagnostic equipment, and (ii) the extension of the trolleybus network (construction of power substations and catenary network). The loan is the eighth sub-project under the Ukraine Public Transport Framework ("UPTF") consisting of municipal-guaranteed loans to public transport companies in Ukraine to facilitate critical improvements in public transport infrastructure in a number of cities across Ukraine. The project will address key challenges in the development of Zhytomyr's public transport infrastructure by improving both the access to clean urban transport and the capacity and efficiency of public transport services. The Bank's investment will enable the company to increase the efficiency of trolleybus operations through improved accessibility, modernised infrastructure, increased average service speeds and decreased maintenance intensity and costs.European Bank for Reconstruction and DevelopmentZHYTOMYRSKE TRAMVAINO - TROLEYBUSNE UPRAVLINNYA CEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGZHYTOMYR28.67669 50.264879000000ZHYTOMYRSKE TRAMVAINO - TROLEYBUSNE UPRAVLINNYA CE1678285.08ZHYTOMYRSKE TRAMVAINO - TROLEYBUSNE UPRAVLINNYA CE676080ZHYTOMYRSKE TRAMVAINO - TROLEYBUSNE UPRAVLINNYA CE2980897.2ZHYTOMYRSKE TRAMVAINO - TROLEYBUSNE UPRAVLINNYA CE1535976ZHYTOMYRSKE TRAMVAINO - TROLEYBUSNE UPRAVLINNYA CE1562567.15ZHYTOMYRSKE TRAMVAINO - TROLEYBUSNE UPRAVLINNYA CESTATESTATESTATESTATEProvision of a senior loan of up to EUR 10 million to Communal Enterprise "Zhytomyrske Tramvaino-Troleybusne Upravlinnya" (the "company") consisting of a loan of up to EUR 9 million from the EBRD ordinary capital resources and a loan of up to EUR 1 million from the Clean Technology Fund (the "CTF") resources administered by the Bank's CIF Special Fund. The loan is expected to be co-financed by an investment grant of up to EUR 2 million ("grant") from the EU Neighbourhood Investment Platform ("NIP"). The proceeds of the loan and the grant will be used to finance: (i) the acquisition of up to 50 new trolleybuses and related maintenance and diagnostic equipment, and (ii) the extension of the trolleybus network (construction of power substations and catenary network). The loan is the eighth sub-project under the Ukraine Public Transport Framework ("UPTF") consisting of municipal-guaranteed loans to public transport companies in Ukraine to facilitate critical improvements in public transport infrastructure in a number of cities across Ukraine. The project will address key challenges in the development of Zhytomyr's public transport infrastructure by improving both the access to clean urban transport and the capacity and efficiency of public transport services. The Bank's investment will enable the company to increase the efficiency of trolleybus operations through improved accessibility, modernised infrastructure, increased average service speeds and decreased maintenance intensity and costs. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48237XI-IATI-EBRD-53546European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 1.5 million to be provided in one single tranche under the Financial Intermediaries Framework ("FIF"). The Loan proceeds will be used for on-lending to private micro and small sized enterprises ("MSEs") in Bosnia and Herzegovina ("BiH") in accordance with the Policy Statement.European Bank for Reconstruction and DevelopmentMIKROKREDITNA FONDACIJA MI-BOSPO TUZLAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTUZLA44.53842 18.667091500000MIKROKREDITNA FONDACIJA MI-BOSPO TUZLAPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 1.5 million to be provided in one single tranche under the Financial Intermediaries Framework ("FIF"). The Loan proceeds will be used for on-lending to private micro and small sized enterprises ("MSEs") in Bosnia and Herzegovina ("BiH") in accordance with the Policy Statement. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53546XI-IATI-EBRD-53211European Bank for Reconstruction and DevelopmentProvision of a long-term senior unsecured loan of up to EUR 150 million in favour of Warehouses De Pauw NV ("WDP" or the "Company"), a Belgian public limited company, to finance part of the company's development program of logistic and light industrial facilities in Romania. The project will enable WDP to expand its portfolio of industrial and light manufacturing real estate in Romania and thus support the development of A-class sustainable industrial real estate in the country.European Bank for Reconstruction and DevelopmentWAREHOUSES DE PAUW NVEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUCHAREST44.43225 26.10626150000000WAREHOUSES DE PAUW NVPRIVATEPRIVATEPRIVATEProvision of a long-term senior unsecured loan of up to EUR 150 million in favour of Warehouses De Pauw NV ("WDP" or the "Company"), a Belgian public limited company, to finance part of the company's development program of logistic and light industrial facilities in Romania. The project will enable WDP to expand its portfolio of industrial and light manufacturing real estate in Romania and thus support the development of A-class sustainable industrial real estate in the country. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53211XI-IATI-EBRD-51798European Bank for Reconstruction and DevelopmentA loan increase to finalise the construction works and upgrade of the 16.2 km Lubnice - Jezerine road, which is a priority transport infrastructure project in Montenegro. The proposed loan increase will be utilised to finance the difference between initially estimated costs and actual construction costs based on the detailed design, the lowest tender received and additional construction costs related to the tunnel construction. The aim of the Project is to facilitate economic development of the Bjelasica mountain region and the north-eastern part of Montenegro, whilst shortening the travel time and road distanced between the capital of Podgorica and northeast of the country by 39 km.European Bank for Reconstruction and DevelopmentMONTENEGRO SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPODGORICA42.44111 19.2636126000000MONTENEGRO SOVEREIGN260000MONTENEGRO SOVEREIGN3122108.88MONTENEGRO SOVEREIGN650773.31MONTENEGRO SOVEREIGN518521.2MONTENEGRO SOVEREIGN707909.92MONTENEGRO SOVEREIGN760634.81MONTENEGRO SOVEREIGN538038.18MONTENEGRO SOVEREIGN661833.47MONTENEGRO SOVEREIGN1222356.93MONTENEGRO SOVEREIGN92412.94MONTENEGRO SOVEREIGN91401.92MONTENEGRO SOVEREIGN3204515.38MONTENEGRO SOVEREIGN485450.09MONTENEGRO SOVEREIGN79108.79MONTENEGRO SOVEREIGN478911.99MONTENEGRO SOVEREIGN1067068.96MONTENEGRO SOVEREIGN460549.49MONTENEGRO SOVEREIGN74601.15MONTENEGRO SOVEREIGN464048.43MONTENEGRO SOVEREIGN463032.27MONTENEGRO SOVEREIGN457621.18MONTENEGRO SOVEREIGN556909.76MONTENEGRO SOVEREIGN464219.55MONTENEGRO SOVEREIGN452587.45MONTENEGRO SOVEREIGN1032050.52MONTENEGRO SOVEREIGN1330903.29MONTENEGRO SOVEREIGN773024.11MONTENEGRO SOVEREIGN712206.07MONTENEGRO SOVEREIGN2421000MONTENEGRO SOVEREIGN2396199.96MONTENEGRO SOVEREIGNSTATESTATESTATESTATEA loan increase to finalise the construction works and upgrade of the 16.2 km Lubnice - Jezerine road, which is a priority transport infrastructure project in Montenegro. The proposed loan increase will be utilised to finance the difference between initially estimated costs and actual construction costs based on the detailed design, the lowest tender received and additional construction costs related to the tunnel construction. The aim of the Project is to facilitate economic development of the Bjelasica mountain region and the north-eastern part of Montenegro, whilst shortening the travel time and road distanced between the capital of Podgorica and northeast of the country by 39 km. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51798XI-IATI-EBRD-51898European Bank for Reconstruction and DevelopmentProvision of a sovereign loan of up to EUR 5 million to the Government of Kosovo to be on-lent or on-granted to the municipality of Prizren (the "Municipality" or "Prizren") to co-finance energy efficiency ("EE"), structural and comfort measures in municipally owned buildings, including kindergartens, schools and primary healthcare centres (the "Project"). The Project will be co-financed with an investment grant from the Regional Energy Efficiency Programme for the Western Balkans ("REEP") funded by the European Union. * Improvement of the environmental sustainability of municipally-owned buildings in Prizren by implementing EE measures that will lead to energy savings and reduction in CO2 emissions. * Improvement of the energy performance of the renovated buildings by at least two Energy Performance Certificate ("EPC") classes. * Improvement of comfort levels and quality in the renovated buildings, which is very important for buildings of this nature (children and healthcare).European Bank for Reconstruction and DevelopmentKOSOVO SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRISTINA42.67272 21.1668849500005000000KOSOVO SOVEREIGN50000KOSOVO SOVEREIGNSTATESTATESTATESTATEProvision of a sovereign loan of up to EUR 5 million to the Government of Kosovo to be on-lent or on-granted to the municipality of Prizren (the "Municipality" or "Prizren") to co-finance energy efficiency ("EE"), structural and comfort measures in municipally owned buildings, including kindergartens, schools and primary healthcare centres (the "Project"). The Project will be co-financed with an investment grant from the Regional Energy Efficiency Programme for the Western Balkans ("REEP") funded by the European Union. * Improvement of the environmental sustainability of municipally-owned buildings in Prizren by implementing EE measures that will lead to energy savings and reduction in CO2 emissions. * Improvement of the energy performance of the renovated buildings by at least two Energy Performance Certificate ("EPC") classes. * Improvement of comfort levels and quality in the renovated buildings, which is very important for buildings of this nature (children and healthcare). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51898XI-IATI-EBRD-52570European Bank for Reconstruction and DevelopmentTranche 3 (EUR 0.4 million) will be used by the Company for additional land acquisition for logistics optimisation and refurbishment of the administrative facility. The uncommitted Tranche 4 (EUR 2.0 million) will be used to fund the construction of a logistics/warehouse centre and storage equipment to support the Company's expansion. The tenor of the uncommitted Tranche 4 will be determined at commitment and is expected to be between 7 and 8 years. Overall, the EBRD loan proceeds will remain to be used for the new logistic/warehousing centre and upgrade of the existing facility.European Bank for Reconstruction and DevelopmentVARUS DOOELEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.431412600000VARUS DOOELPRIVATEPRIVATEPRIVATETranche 3 (EUR 0.4 million) will be used by the Company for additional land acquisition for logistics optimisation and refurbishment of the administrative facility. The uncommitted Tranche 4 (EUR 2.0 million) will be used to fund the construction of a logistics/warehouse centre and storage equipment to support the Company's expansion. The tenor of the uncommitted Tranche 4 will be determined at commitment and is expected to be between 7 and 8 years. Overall, the EBRD loan proceeds will remain to be used for the new logistic/warehousing centre and upgrade of the existing facility. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52570XI-IATI-EBRD-56032European Bank for Reconstruction and DevelopmentThe Project involves the provision of a non-recourse long-term senior loan in favour of STP WIND D.o.o.e.l. (the "Borrower" or the "Company"), a special purpose vehicle incorporated in North Macedonia. The loan will be dedicated to the construction and operation of a 131 MW onshore wind farm in the Shtip region (the "Project"). The Project is the first phase of a larger wind development with a total planned capacity of 396 MW. The Project will contribute to climate mitigation by adding 131 MW of wind generation capacity to North Macedonia's national energy system. This supports the country's commitment to phase out coal by 2030 and increase the share of renewables in its energy mix. The Project also strengthens private sector participation in North Macedonia's renewable energy sector and advances an inclusive transition by establishing a new greeniskills training initiative, developed jointly with the Borrower. This programme will target individuals from Shtip Municipality and wider Eastern region, supporting local workforce development and contributing to the country's broader just transition objectives.European Bank for Reconstruction and DevelopmentSTP WIND DOOELEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.431414187023641870236STP WIND DOOELPRIVATEPRIVATEPRIVATEThe Project involves the provision of a non-recourse long-term senior loan in favour of STP WIND D.o.o.e.l. (the "Borrower" or the "Company"), a special purpose vehicle incorporated in North Macedonia. The loan will be dedicated to the construction and operation of a 131 MW onshore wind farm in the Shtip region (the "Project"). The Project is the first phase of a larger wind development with a total planned capacity of 396 MW. The Project will contribute to climate mitigation by adding 131 MW of wind generation capacity to North Macedonia's national energy system. This supports the country's commitment to phase out coal by 2030 and increase the share of renewables in its energy mix. The Project also strengthens private sector participation in North Macedonia's renewable energy sector and advances an inclusive transition by establishing a new greeniskills training initiative, developed jointly with the Borrower. This programme will target individuals from Shtip Municipality and wider Eastern region, supporting local workforce development and contributing to the country's broader just transition objectives. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56032XI-IATI-EBRD-55390European Bank for Reconstruction and DevelopmentThe proposed transaction involves provision of up to EUR 100 million (of which EUR 60 million uncommitted) senior unsecured loan (the "Loan") consisting of: (i) EBRD finance of EUR 94 million and (ii) Clean Technology Fund finance of USD 6.5 million. The Loan will be used to finance Migros's 2024/25 capex programme. The proposed transaction will enable the Borrower to finance its capex programme in Türkiye, including: i) investments into new store openings across the country and refurbishments of existing stores; and ii) renewable energy investments (the "Project").European Bank for Reconstruction and DevelopmentMIGROS TICARET ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.949662300000034000000MIGROS TICARET ASPRIVATEPRIVATEPRIVATEThe proposed transaction involves provision of up to EUR 100 million (of which EUR 60 million uncommitted) senior unsecured loan (the "Loan") consisting of: (i) EBRD finance of EUR 94 million and (ii) Clean Technology Fund finance of USD 6.5 million. The Loan will be used to finance Migros's 2024/25 capex programme. The proposed transaction will enable the Borrower to finance its capex programme in Türkiye, including: i) investments into new store openings across the country and refurbishments of existing stores; and ii) renewable energy investments (the "Project"). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55390XI-IATI-EBRD-54495European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to EUR 1.0 million to be made available in one tranche to Intesa Sanpaolo Bank Albania ("ISBA") under the Western Balkans Youth in Business ("WB YiB") Programme. The loan proceeds will be used for on-lending to eligible micro and small-sized enterprises ("MSEs") whose overall operational management responsibility or majority ownership is held by a person (or persons) under the age of 35 ("Youth MSEs") in Albania in accordance with the Policy Statement.European Bank for Reconstruction and DevelopmentINTESA SANPAOLO BANK ALBANIA SHAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTIRANA41.3275 19.818891000000INTESA SANPAOLO BANK ALBANIA SHAPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to EUR 1.0 million to be made available in one tranche to Intesa Sanpaolo Bank Albania ("ISBA") under the Western Balkans Youth in Business ("WB YiB") Programme. The loan proceeds will be used for on-lending to eligible micro and small-sized enterprises ("MSEs") whose overall operational management responsibility or majority ownership is held by a person (or persons) under the age of 35 ("Youth MSEs") in Albania in accordance with the Policy Statement. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54495XI-IATI-EBRD-47926European Bank for Reconstruction and DevelopmentThe EBRD is providing a loan of up to USD 50 million to MTCTR Memorex Telekomunikasyon Sanayi ve Ticaret Ltd. Sti., a group company of Turk Telekom, the leading communication and convergence technology group in Turkey offering its customers the complete range of fixed voice, mobile, data, and internet services as well as innovative convergence technologies. The financing will be used to support the investment in submarine cable project as part of the Sea-Me-We-5 consortium. The financing will support the investment in an alternative, high capacity, high quality access to international data traffic via the submarine fiber optic cable connecting Turkey to Western Europe and South East Asia. The project is expected to be operational by Q4 2016.European Bank for Reconstruction and DevelopmentMTCTR MEMOREX TELEKOMUNIKASYON SANAYI VE TICARET ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496643771338.53MTCTR MEMOREX TELEKOMUNIKASYON SANAYI VE TICARET AS43771338.53MTCTR MEMOREX TELEKOMUNIKASYON SANAYI VE TICARET ASSTATESTATESTATESTATEThe EBRD is providing a loan of up to USD 50 million to MTCTR Memorex Telekomunikasyon Sanayi ve Ticaret Ltd. Sti., a group company of Turk Telekom, the leading communication and convergence technology group in Turkey offering its customers the complete range of fixed voice, mobile, data, and internet services as well as innovative convergence technologies. The financing will be used to support the investment in submarine cable project as part of the Sea-Me-We-5 consortium. The financing will support the investment in an alternative, high capacity, high quality access to international data traffic via the submarine fiber optic cable connecting Turkey to Western Europe and South East Asia. The project is expected to be operational by Q4 2016. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47926XI-IATI-EBRD-54112European Bank for Reconstruction and DevelopmentUp to USD 10 million local currency denominated, three year MSME credit line to Credo Bank, an MSME dedicated lender in Georgia. The proposed loan will address some of the market gaps from both supply (local currency funding) as well as demand (MSME knowledge and expertise) side. The MSME Loan will enable Credo to continue supporting investments of local MSMEs, by providing adequately priced, medium-term local currency financing, which still remains limited on the market. Credo will continue to support regional and peri-urban customers through its branch and counsel network as well as further reinforced online lending channels.European Bank for Reconstruction and DevelopmentCREDO BANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTBILISI41.69411 44.833688828629.51CREDO BANK JSCPRIVATEPRIVATEPRIVATEUp to USD 10 million local currency denominated, three year MSME credit line to Credo Bank, an MSME dedicated lender in Georgia. The proposed loan will address some of the market gaps from both supply (local currency funding) as well as demand (MSME knowledge and expertise) side. The MSME Loan will enable Credo to continue supporting investments of local MSMEs, by providing adequately priced, medium-term local currency financing, which still remains limited on the market. Credo will continue to support regional and peri-urban customers through its branch and counsel network as well as further reinforced online lending channels. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54112XI-IATI-EBRD-54252European Bank for Reconstruction and DevelopmentA senior unsecured local currency denominated loan to be provided under Financial Intermediaries Framework ("FIF") in the amount of up to USD 8.0 mln equivalent (EUR 7.6mln) in favour of JSC MFO Crystal. The project is implemented under the Financial Intermediaries Framework with the proceeds designated for on-lending to private micro, small and medium-sized enterprises (MSMEs) in Georgia in accordance with the FIF Policy Statement. The transaction will support the leading microfinance institution in Georgia by (i) diversifying its funding structure through medium-term local currency (LCY) resources and (ii) enhancing the growth of its MSME loan portfolio.European Bank for Reconstruction and DevelopmentMICROBANK CRYSTAL JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKUTAISI42.26791 42.694597201314.75MICROBANK CRYSTAL JSCPRIVATEPRIVATEPRIVATEA senior unsecured local currency denominated loan to be provided under Financial Intermediaries Framework ("FIF") in the amount of up to USD 8.0 mln equivalent (EUR 7.6mln) in favour of JSC MFO Crystal. The project is implemented under the Financial Intermediaries Framework with the proceeds designated for on-lending to private micro, small and medium-sized enterprises (MSMEs) in Georgia in accordance with the FIF Policy Statement. The transaction will support the leading microfinance institution in Georgia by (i) diversifying its funding structure through medium-term local currency (LCY) resources and (ii) enhancing the growth of its MSME loan portfolio. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54252XI-IATI-EBRD-55524European Bank for Reconstruction and DevelopmentEquity investment into a convertible note of Miros, a visual search software development company in Estonia. An equity investment into a convertible note of Miros ("Miros" or "Company"), a company incorporated in Estonia, as part of a seed extension financing round (pre-Series A).European Bank for Reconstruction and DevelopmentMIROS OUEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTALLINN59.43696 24.753531500000MIROS OUPRIVATEPRIVATEPRIVATEEquity investment into a convertible note of Miros, a visual search software development company in Estonia. An equity investment into a convertible note of Miros ("Miros" or "Company"), a company incorporated in Estonia, as part of a seed extension financing round (pre-Series A). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55524XI-IATI-EBRD-50907European Bank for Reconstruction and DevelopmentThe increase by US$3 million the Bank's existing local currency loan agreement with JSC ProCredit Bank (Ukraine) from 2019 (the increased total loan amount will be US$25 million in UAH equivalent). The proceeds will be used to finance SMEs under the EBRD Financial Intermediaries Framework (FIF) The Loan proceeds will be used for on-lending to private micro-, small and medium sized enterprises (MSMEs) in Ukraine. The Project will help to (i) support the Bank's client and an established market leader in SME lending in Ukraine; (ii) facilitate the bank's SME business growth; and (iii) diversify and strengthen bank's funding structure with medium-term local currency resources.European Bank for Reconstruction and DevelopmentPROCREDIT BANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.523813515559.42PROCREDIT BANK JSCPRIVATEPRIVATEPRIVATEThe increase by US$3 million the Bank's existing local currency loan agreement with JSC ProCredit Bank (Ukraine) from 2019 (the increased total loan amount will be US$25 million in UAH equivalent). The proceeds will be used to finance SMEs under the EBRD Financial Intermediaries Framework (FIF) The Loan proceeds will be used for on-lending to private micro-, small and medium sized enterprises (MSMEs) in Ukraine. The Project will help to (i) support the Bank's client and an established market leader in SME lending in Ukraine; (ii) facilitate the bank's SME business growth; and (iii) diversify and strengthen bank's funding structure with medium-term local currency resources. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50907XI-IATI-EBRD-49437European Bank for Reconstruction and DevelopmentA loan for rehabilitation and modernisation of solid waste infrastructure in the city of Lviv, as part of the EBRD's Green Cities programme. The project aims to finance phase I of the Hrybovychi landfill rehabilitation and the construction of a mechanical biological treatment plant.European Bank for Reconstruction and DevelopmentZELENE MISTO CEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGLVIV49.83826 24.0232420000000ZELENE MISTO CE610000ZELENE MISTO CE430000ZELENE MISTO CE1184000ZELENE MISTO CE736800ZELENE MISTO CE864000ZELENE MISTO CE736000ZELENE MISTO CE784800ZELENE MISTO CE2080000ZELENE MISTO CE3257600ZELENE MISTO CE720000ZELENE MISTO CE1562132.69ZELENE MISTO CE3284141.58ZELENE MISTO CE990525.73ZELENE MISTO CE2760000ZELENE MISTO CESTATESTATESTATESTATEA loan for rehabilitation and modernisation of solid waste infrastructure in the city of Lviv, as part of the EBRD's Green Cities programme. The project aims to finance phase I of the Hrybovychi landfill rehabilitation and the construction of a mechanical biological treatment plant. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49437XI-IATI-EBRD-54395European Bank for Reconstruction and DevelopmentA MAD 440 million loan to Dislog Group S.A. to support the company's acquisition of various companies in the FMCG and pharmaceutical sectors, as well as construction and acquisition of industrial and logistics platforms. The capex component also includes the installation of photovoltaic panels to supply a significant portion of the company's annual energy consumption from renewable sources and a green building certification. The Project will enable the company to expand into the pharmaceutical sector and capture higher added value in the FMCG supply chains in Morocco. In addition, the loan will support the company's Green Economy Transition (GET) investments and help close gender gaps among its workforce.European Bank for Reconstruction and DevelopmentDISLOG GROUP SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCASABLANCA33.58831 -7.6113835446911.4DISLOG GROUP SAPRIVATEPRIVATEPRIVATEA MAD 440 million loan to Dislog Group S.A. to support the company's acquisition of various companies in the FMCG and pharmaceutical sectors, as well as construction and acquisition of industrial and logistics platforms. The capex component also includes the installation of photovoltaic panels to supply a significant portion of the company's annual energy consumption from renewable sources and a green building certification. The Project will enable the company to expand into the pharmaceutical sector and capture higher added value in the FMCG supply chains in Morocco. In addition, the loan will support the company's Green Economy Transition (GET) investments and help close gender gaps among its workforce. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54395XI-IATI-EBRD-48019European Bank for Reconstruction and DevelopmentProvision of a senior loan of up to EUR 6 million to the Communal Enterprise "Kremenchuzka Municipalna Energoservisna Kompanya" (the "Company"), a municipal energy management company of the city of Kremenchuk (the "city") set up to manage energy saving projects in public buildings in the city. The loan is to be complemented by a grant of up to EUR 1.5 million, proposed for co-financing from the EBRD Shareholder Special Fund ("SSF"), and a concessional loan of up to EUR 1.5 million from the Clean Technology Fund (the "CTF"). The loans will be secured by a municipal guarantee from the city. Project Objectives The proposed investment will enable the city to finance energy efficiency measures in 66 public buildings, including 38 kindergartens, 23 schools and 5 hospitals through energy performance contracts implemented by private construction/ engineering or energy service companies selected by competitive tender. The investments are expected to result in a reduction of energy and maintenance costs, decrease of CO2 emissions and improved comfort levels at kindergartens, schools and hospitals.European Bank for Reconstruction and DevelopmentKREMENCHUK MUNICIPAL ENERGY SERVICE COMPANY OF THE KREMENCHUK CITY COUNCILEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKREMENCHUK49.06802 33.420412133875.626000000KREMENCHUK MUNICIPAL ENERGY SERVICE COMPANY OF THE KREMENCHUK CITY COUNCIL1390908.05KREMENCHUK MUNICIPAL ENERGY SERVICE COMPANY OF THE KREMENCHUK CITY COUNCIL285456KREMENCHUK MUNICIPAL ENERGY SERVICE COMPANY OF THE KREMENCHUK CITY COUNCIL834544.82KREMENCHUK MUNICIPAL ENERGY SERVICE COMPANY OF THE KREMENCHUK CITY COUNCIL676518.49KREMENCHUK MUNICIPAL ENERGY SERVICE COMPANY OF THE KREMENCHUK CITY COUNCIL548595.14KREMENCHUK MUNICIPAL ENERGY SERVICE COMPANY OF THE KREMENCHUK CITY COUNCIL130101.88KREMENCHUK MUNICIPAL ENERGY SERVICE COMPANY OF THE KREMENCHUK CITY COUNCILSTATESTATESTATESTATEProvision of a senior loan of up to EUR 6 million to the Communal Enterprise "Kremenchuzka Municipalna Energoservisna Kompanya" (the "Company"), a municipal energy management company of the city of Kremenchuk (the "city") set up to manage energy saving projects in public buildings in the city. The loan is to be complemented by a grant of up to EUR 1.5 million, proposed for co-financing from the EBRD Shareholder Special Fund ("SSF"), and a concessional loan of up to EUR 1.5 million from the Clean Technology Fund (the "CTF"). The loans will be secured by a municipal guarantee from the city. Project Objectives The proposed investment will enable the city to finance energy efficiency measures in 66 public buildings, including 38 kindergartens, 23 schools and 5 hospitals through energy performance contracts implemented by private construction/ engineering or energy service companies selected by competitive tender. The investments are expected to result in a reduction of energy and maintenance costs, decrease of CO2 emissions and improved comfort levels at kindergartens, schools and hospitals. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48019XI-IATI-EBRD-56021European Bank for Reconstruction and DevelopmentEBRD invested EUR 40 million as part of a EUR 350 million green bond issuance by Akropolis Group, UAB ("Akropolis", or the "Company"). The green bond issue was carried out in accordance with the Company's Green Finance Framework (the "Framework"), which aligns with the International Capital Market Association ("ICMA") Green Bond Principles and Green Loan Principles and is supported by a Second Party Opinion ("SPO") confirming full compliance with these principles. The green bond has a maturity of 5 years and is listed on the Euronext Dublin and NASDAQ Vilnius stock exchanges. The proceeds from the Bank's investment will support the refinancing of the Company's existing €300 million Eurobond and the financing of a portfolio of Eligible Green Projects (as defined in the Framework).European Bank for Reconstruction and DevelopmentAKROPOLIS GROUP UABEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGVILNIUS54.68916 25.279840000000AKROPOLIS GROUP UABPRIVATEPRIVATEPRIVATEEBRD invested EUR 40 million as part of a EUR 350 million green bond issuance by Akropolis Group, UAB ("Akropolis", or the "Company"). The green bond issue was carried out in accordance with the Company's Green Finance Framework (the "Framework"), which aligns with the International Capital Market Association ("ICMA") Green Bond Principles and Green Loan Principles and is supported by a Second Party Opinion ("SPO") confirming full compliance with these principles. The green bond has a maturity of 5 years and is listed on the Euronext Dublin and NASDAQ Vilnius stock exchanges. The proceeds from the Bank's investment will support the refinancing of the Company's existing €300 million Eurobond and the financing of a portfolio of Eligible Green Projects (as defined in the Framework). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56021XI-IATI-EBRD-53846European Bank for Reconstruction and DevelopmentThe provision of a sovereign loan of up to EUR 66 million to the Republic of Serbia (the "Borrower"), represented by the Ministry of Finance ("MoF"), to finance the construction of a new impoundment dam and reservoir infrastructure at Pambukovica village in western Serbia (the "Project"). The proceeds of the loan will be used to finance the construction of a 27.5-meter-high earth embankment dam on the Ub River, designed to impound a reservoir with a total volume of approximately 8.15 million cubic meters. The Project will be implemented by the Public Water Management Company ("PWMC") Srbijavode (the "Client"), under the supervision of the Ministry of Agriculture, Forestry and Water Management ("MAFWM"). * Enhancement of flood protection and climate resilience in the Kolubara River Basin, one of Serbia's most flood-prone regions; * Contribute to the improvement of agricultural productivity and sustainable water resource management through the development of an irrigation network in Ub municipality; * Strengthening of institutional capacity in integrated water resource management through the establishment of a dedicated implementation unit within PWMC Srbijavode.European Bank for Reconstruction and DevelopmentSERBIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.465136600000066000000SERBIA SOVEREIGNSTATESTATESTATESTATEThe provision of a sovereign loan of up to EUR 66 million to the Republic of Serbia (the "Borrower"), represented by the Ministry of Finance ("MoF"), to finance the construction of a new impoundment dam and reservoir infrastructure at Pambukovica village in western Serbia (the "Project"). The proceeds of the loan will be used to finance the construction of a 27.5-meter-high earth embankment dam on the Ub River, designed to impound a reservoir with a total volume of approximately 8.15 million cubic meters. The Project will be implemented by the Public Water Management Company ("PWMC") Srbijavode (the "Client"), under the supervision of the Ministry of Agriculture, Forestry and Water Management ("MAFWM"). * Enhancement of flood protection and climate resilience in the Kolubara River Basin, one of Serbia's most flood-prone regions; * Contribute to the improvement of agricultural productivity and sustainable water resource management through the development of an irrigation network in Ub municipality; * Strengthening of institutional capacity in integrated water resource management through the establishment of a dedicated implementation unit within PWMC Srbijavode. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53846XI-IATI-EBRD-51763European Bank for Reconstruction and DevelopmentProvision of senior debt financing to finance the construction and operation of a 50 MW solar PV plant under the first round of large scale solar IPP in Tunisia. The Project will further promote private sector participation in the Tunisian power sector and increase the share of renewable energy in the energy mix in line with the nationally declared targets. The Project will add 50 MW of green generation capacity to the Tunisian power system - currently dominated by gas-fired power plants (94.7% of installed capacity) to support the country's low-carbon transition by reducing its reliance on thermal power generation.European Bank for Reconstruction and DevelopmentSCATEC TOZEUR POWER PV SARLEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTOZEUR33.91968 8.133526239795SCATEC TOZEUR POWER PV SARLPRIVATEPRIVATEPRIVATEProvision of senior debt financing to finance the construction and operation of a 50 MW solar PV plant under the first round of large scale solar IPP in Tunisia. The Project will further promote private sector participation in the Tunisian power sector and increase the share of renewable energy in the energy mix in line with the nationally declared targets. The Project will add 50 MW of green generation capacity to the Tunisian power system - currently dominated by gas-fired power plants (94.7% of installed capacity) to support the country's low-carbon transition by reducing its reliance on thermal power generation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51763XI-IATI-EBRD-56416European Bank for Reconstruction and DevelopmentProvision of up to €40 million loan to Sunal d.o.o. and PP Erdevik d.o.o., subsidiaries of MKG Agrinvestment Ltd (together with its subsidiaries, the "Group" or the "Client"), to finance capital expenditures including the construction of a new ethanol production facility and investments within the Group's winery segment (the "Project"). The main objective of the Project is to support the Group's greenfield investment into ethanol production and further capacity expansion of the Group's viticulture operations.European Bank for Reconstruction and DevelopmentSUNAL DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGNOVI SAD45.25167 19.8369440000000SUNAL DOOPRIVATEPRIVATEPRIVATEProvision of up to €40 million loan to Sunal d.o.o. and PP Erdevik d.o.o., subsidiaries of MKG Agrinvestment Ltd (together with its subsidiaries, the "Group" or the "Client"), to finance capital expenditures including the construction of a new ethanol production facility and investments within the Group's winery segment (the "Project"). The main objective of the Project is to support the Group's greenfield investment into ethanol production and further capacity expansion of the Group's viticulture operations. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56416XI-IATI-EBRD-55305European Bank for Reconstruction and DevelopmentAn equity investment of up to EUR 100m in Green Genius ("the Company"), a renewable energy developer and independent power producer with existing operations across Europe. The EBRD's EUR 100 million equity investment will support Green Genius's long-term growth strategy, including the development of 2.3 GW renewable energy pipeline across the EU countries, significantly reducing greenhouse gas emissions.European Bank for Reconstruction and DevelopmentGREEN GENIUS INTERNATIONAL BVEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGVILNIUS54.68916 25.2798RIGA56.946 24.10589WARSAW52.22977 21.01178100000000GREEN GENIUS INTERNATIONAL BVPRIVATEPRIVATEPRIVATEAn equity investment of up to EUR 100m in Green Genius ("the Company"), a renewable energy developer and independent power producer with existing operations across Europe. The EBRD's EUR 100 million equity investment will support Green Genius's long-term growth strategy, including the development of 2.3 GW renewable energy pipeline across the EU countries, significantly reducing greenhouse gas emissions. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55305XI-IATI-EBRD-56889European Bank for Reconstruction and DevelopmentProvision of a sovereign guaranteed senior loan of up to €43 million to Societe Tunisienne de l'Electricite et du Gaz ("STEG" or the "Company") to finance the construction of the Grombalia 2 - Kondar Grid Reinforcement Project (the "Project"). The Project includes mainly a 400 kV overhead transmission line (OHTL) of approximately 85 km between Grombalia and Kondar regions in Tunisia, as well as other associated entry and exit overhead transmission lines. As part of wider ELMED project the Project will enable the evacuation of green electricity produced in the southern part of the country, as well as to realize the export ambitions via the ELMED interconnection between Tunisia and Italy. The Project with the grid reinforcement of transmission infrastructure involved is therefore necessary to ensure effective integration of new renewable capacities and secure delivery to consumption centers and export corridors.European Bank for Reconstruction and DevelopmentSOCIETE TUNISIENNE DE L'ELECTRICITE ET DU GAZEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTUNIS36.81897 10.165794300000043000000SOCIETE TUNISIENNE DE L'ELECTRICITE ET DU GAZSTATESTATESTATESTATEProvision of a sovereign guaranteed senior loan of up to €43 million to Societe Tunisienne de l'Electricite et du Gaz ("STEG" or the "Company") to finance the construction of the Grombalia 2 - Kondar Grid Reinforcement Project (the "Project"). The Project includes mainly a 400 kV overhead transmission line (OHTL) of approximately 85 km between Grombalia and Kondar regions in Tunisia, as well as other associated entry and exit overhead transmission lines. As part of wider ELMED project the Project will enable the evacuation of green electricity produced in the southern part of the country, as well as to realize the export ambitions via the ELMED interconnection between Tunisia and Italy. The Project with the grid reinforcement of transmission infrastructure involved is therefore necessary to ensure effective integration of new renewable capacities and secure delivery to consumption centers and export corridors. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56889XI-IATI-EBRD-53687European Bank for Reconstruction and DevelopmentA direct equity investment of up to €16.8 million in favour of IE-Energy Projekt d.d. (the "Company"), a joint stock company to be established for the greenfield development of an up to 60 MW battery energy storage system ("BESS") and Virtual Power Plant ("VPP") in Šibenik, Croatia. EBRD's investment is approved under the EBRD Direct Finance Framework non SME. The Project also envisages an €16.5m capex grant from the EU Modernisation Fund as well as an equivalent investment from a financial co-investor. Following the capital injection, the founding shareholder IND-EKO PLUS d.o.o. ("IND-EKO") will retain a majority stake and continue to lead the Company. The Project will utilise a VPP platform developed and implemented in Slovenia by NGEN energetske rešitve d.o.o. ("NGEN"), an experienced party already operating in the battery storage and VPP space. NGEN will take a 50% stake in in one of the Company's subsidiaries dedicated to VPP management and will provide the algorithmic electricity trading platform which will be used by the Company. The proceeds will be used to support the Company's deployment of a BESS and VPP system in Croatia and its long-term growth strategy.European Bank for Reconstruction and DevelopmentIE-ENERGY PROJEKT DDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKOSTRENA16749698.46IE-ENERGY PROJEKT DDPRIVATEPRIVATEPRIVATEA direct equity investment of up to €16.8 million in favour of IE-Energy Projekt d.d. (the "Company"), a joint stock company to be established for the greenfield development of an up to 60 MW battery energy storage system ("BESS") and Virtual Power Plant ("VPP") in Šibenik, Croatia. EBRD's investment is approved under the EBRD Direct Finance Framework non SME. The Project also envisages an €16.5m capex grant from the EU Modernisation Fund as well as an equivalent investment from a financial co-investor. Following the capital injection, the founding shareholder IND-EKO PLUS d.o.o. ("IND-EKO") will retain a majority stake and continue to lead the Company. The Project will utilise a VPP platform developed and implemented in Slovenia by NGEN energetske rešitve d.o.o. ("NGEN"), an experienced party already operating in the battery storage and VPP space. NGEN will take a 50% stake in in one of the Company's subsidiaries dedicated to VPP management and will provide the algorithmic electricity trading platform which will be used by the Company. The proceeds will be used to support the Company's deployment of a BESS and VPP system in Croatia and its long-term growth strategy. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53687XI-IATI-EBRD-54004European Bank for Reconstruction and DevelopmentRON 135 million investment by EBRD in a senior unsecured bond issued by UniCredit Bank S.A., as part of a local issuance of RON 488.5 million on 16 December 2022. The bond has a maturity of 5 years and was listed on the Bucharest Stock Exchange. The EBRD further invested RON 95 million in a senior unsecured bond issued by UniCredit Bank S.A., as part of a local issuance of RON 480 million on 21 November 2023. The bond has a maturity of 5 years and will be listed on the Bucharest Stock Exchange. The proceeds of EBRD's investment in the bond will further enhance the lending capacity of UniCredit Bank SA, a Romanian bank of systemic importance, and will be channelled for on-lending to businesses in Romania that have been directly or indirectly affected by economic consequences of the war on Ukraine, with the ultimate goal of preserving livelihoods in the country.European Bank for Reconstruction and DevelopmentUNICREDIT BANK SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUCHAREST44.43225 26.1062643901130.84UNICREDIT BANK SAPRIVATEPRIVATEPRIVATERON 135 million investment by EBRD in a senior unsecured bond issued by UniCredit Bank S.A., as part of a local issuance of RON 488.5 million on 16 December 2022. The bond has a maturity of 5 years and was listed on the Bucharest Stock Exchange. The EBRD further invested RON 95 million in a senior unsecured bond issued by UniCredit Bank S.A., as part of a local issuance of RON 480 million on 21 November 2023. The bond has a maturity of 5 years and will be listed on the Bucharest Stock Exchange. The proceeds of EBRD's investment in the bond will further enhance the lending capacity of UniCredit Bank SA, a Romanian bank of systemic importance, and will be channelled for on-lending to businesses in Romania that have been directly or indirectly affected by economic consequences of the war on Ukraine, with the ultimate goal of preserving livelihoods in the country. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54004XI-IATI-EBRD-55393European Bank for Reconstruction and DevelopmentThe facility will consist of a loan to A101 in the amount of up to USD 200 million (EUR 184.4 million equivalent) to be split into two tranches of USD 100 million each, of which the first one would be committed at the signing. The loan will comprise an "A Loan" of up to USD 100 million (EUR 92.2 million equivalent) for the Bank's own account, and a "B Loan" of up to USD 100 million (EUR 92.2 million equivalent) for the account of participants in case mobilization is successful. The operation will enable A101 to implement a medium term capex programme including (i) new store and warehouse openings across the country, (ii) refurbishment of existing stores, and (iii) installation of solar panels for internal consumption up to 30MW (the "Project").European Bank for Reconstruction and DevelopmentYENI MAGAZACILIK A SEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496690434083.84YENI MAGAZACILIK A SPRIVATEPRIVATEPRIVATEThe facility will consist of a loan to A101 in the amount of up to USD 200 million (EUR 184.4 million equivalent) to be split into two tranches of USD 100 million each, of which the first one would be committed at the signing. The loan will comprise an "A Loan" of up to USD 100 million (EUR 92.2 million equivalent) for the Bank's own account, and a "B Loan" of up to USD 100 million (EUR 92.2 million equivalent) for the account of participants in case mobilization is successful. The operation will enable A101 to implement a medium term capex programme including (i) new store and warehouse openings across the country, (ii) refurbishment of existing stores, and (iii) installation of solar panels for internal consumption up to 30MW (the "Project"). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55393XI-IATI-EBRD-55262European Bank for Reconstruction and DevelopmentA sovereign loan of up to EUR 110 million to the Republic of Türkiye ("Borrower") represented by the Ministry of Treasury and Finance, to finance the construction of Duzbag Drinking Water Treatment Plant (DWTP) with a capacity of 700,000 m3/day and ancillary structures in the City of Gaziantep (the "Project"). The implementing agency will be Iller Bankasi A.S. ("ILBANK"), and the beneficiary of the loan will be Gaziantep Water and Sewage Administration ("GASKI"), an affiliated institution of Gaziantep Metropolitan Municipality. One of the primary challenges in Gaziantep is the insufficient water treatment capacity due to an unprecedented population growth in the last decade. The city's own growth, coupled with hosting a Syrian refugee population of c. 430,000 since 2011, put a significant strain on the city's water resources and infrastructure. The situation is further exacerbated by the influx of c. 150,000 victims from the two magnitude 7.7 and 7.6 earthquakes which hit 11 provinces (including Gaziantep) in South-Eastern Türkiye on February 6, 2023. By deploying a new 700,000 m3/d of water treatment capacity, the Project will ensure the provision of healthy and safe drinking water for the current and projected population in Gaziantep.European Bank for Reconstruction and DevelopmentTÜRKIYE SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANKARA39.91987 32.8542780000000110000000TÜRKIYE SOVEREIGN30000000TÜRKIYE SOVEREIGNSTATESTATESTATESTATEA sovereign loan of up to EUR 110 million to the Republic of Türkiye ("Borrower") represented by the Ministry of Treasury and Finance, to finance the construction of Duzbag Drinking Water Treatment Plant (DWTP) with a capacity of 700,000 m3/day and ancillary structures in the City of Gaziantep (the "Project"). The implementing agency will be Iller Bankasi A.S. ("ILBANK"), and the beneficiary of the loan will be Gaziantep Water and Sewage Administration ("GASKI"), an affiliated institution of Gaziantep Metropolitan Municipality. One of the primary challenges in Gaziantep is the insufficient water treatment capacity due to an unprecedented population growth in the last decade. The city's own growth, coupled with hosting a Syrian refugee population of c. 430,000 since 2011, put a significant strain on the city's water resources and infrastructure. The situation is further exacerbated by the influx of c. 150,000 victims from the two magnitude 7.7 and 7.6 earthquakes which hit 11 provinces (including Gaziantep) in South-Eastern Türkiye on February 6, 2023. By deploying a new 700,000 m3/d of water treatment capacity, the Project will ensure the provision of healthy and safe drinking water for the current and projected population in Gaziantep. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55262XI-IATI-EBRD-56942European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 50 million consisting of EUR 47 million EBRD financing and EUR 3 million of concessional finance component to be provided by TaiwanICDF in favour of QNB Leasing ("QNBL"). The project will enable QNBL to finance sub-borrowers implementing green economy investments and promote equal access to green finance for both women and men. Under this operation, QNBL will use 30% of the financing to support green investments in the regions affected by the February 2023 earthquakes ("Affected Regions") and the operation is therefore complemented by concessional finance. The loan will be used by QNBL for on-lending to eligible sub-borrowers, including in the Affected Regions implementing GET-aligned green investments including among others energy efficiency, renewable energy and climate resilience measures, including sustainable agriculture, nature and biodiversity, as well as sustainable transport and tourism, while promoting equal access to green finance for both women and men.European Bank for Reconstruction and DevelopmentQNB FINANSAL KIRALAMA ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496623500000QNB FINANSAL KIRALAMA ASPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 50 million consisting of EUR 47 million EBRD financing and EUR 3 million of concessional finance component to be provided by TaiwanICDF in favour of QNB Leasing ("QNBL"). The project will enable QNBL to finance sub-borrowers implementing green economy investments and promote equal access to green finance for both women and men. Under this operation, QNBL will use 30% of the financing to support green investments in the regions affected by the February 2023 earthquakes ("Affected Regions") and the operation is therefore complemented by concessional finance. The loan will be used by QNBL for on-lending to eligible sub-borrowers, including in the Affected Regions implementing GET-aligned green investments including among others energy efficiency, renewable energy and climate resilience measures, including sustainable agriculture, nature and biodiversity, as well as sustainable transport and tourism, while promoting equal access to green finance for both women and men. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56942XI-IATI-EBRD-54894European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 45.0 million to Mersin Water and Sewage Administration ("MESKI" or the "Borrower") to finance the rehabilitation, expansion, and construction of six wastewater treatment plants (WWTPs) and three deep sea outfalls (DSOs), and the purchase of critical maintenance equipment in the city of Mersin (the "Project"). The loan will be co-financed by a concessional loan of up to EUR 5.0 million from The Clean Technology Fund ("CTF"). The Project is also considered as a trigger investment under the EBRD Green Cities (GrCF2 W2 E2), which will initiate Mersin's inclusion into the programme. The Project will support the wastewater treatment capacity in Mersin that is strained due to increased population, which was exacerbated by the migration received from the areas heavily impacted from the devastating earthquakes hit 11 provinces in South-Eastern Turkiye on February 6, 2023.European Bank for Reconstruction and DevelopmentWATER AND SEWAGE COMPANY OF THE CITY OF MERSINEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGMERSIN36.81196 34.638863726000037260000WATER AND SEWAGE COMPANY OF THE CITY OF MERSINSTATESTATESTATESTATEA senior unsecured loan of up to EUR 45.0 million to Mersin Water and Sewage Administration ("MESKI" or the "Borrower") to finance the rehabilitation, expansion, and construction of six wastewater treatment plants (WWTPs) and three deep sea outfalls (DSOs), and the purchase of critical maintenance equipment in the city of Mersin (the "Project"). The loan will be co-financed by a concessional loan of up to EUR 5.0 million from The Clean Technology Fund ("CTF"). The Project is also considered as a trigger investment under the EBRD Green Cities (GrCF2 W2 E2), which will initiate Mersin's inclusion into the programme. The Project will support the wastewater treatment capacity in Mersin that is strained due to increased population, which was exacerbated by the migration received from the areas heavily impacted from the devastating earthquakes hit 11 provinces in South-Eastern Turkiye on February 6, 2023. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54894XI-IATI-EBRD-54564European Bank for Reconstruction and DevelopmentProvision of a long-term senior secured loan of up to EUR 30 million (the "Loan") in favour of MEL3 Gayrimenkul Gelistirme Yatirim Insaat ve Ticaret A.S. (the "Company" or "Mel 3 Gayrimenkul"), a fully owned subsidiary of Rönesans Gayrimenkul Yatirim A.S. ("RGY"). The Loan will support the preservation of human capital and the livelihoods of people in the South-Eastern part of Türkiye, which was impacted by the earthquake on 6th of February 2023. The Loan proceeds will be used for (i) replacing emergency bridge financing provided by RGY for the repair CAPEX of two shopping centres and (ii) support to be provided to tenants of the shopping centres in the earthquake affected region.European Bank for Reconstruction and DevelopmentRONESANS GAYRIMENKUL YATIRIM ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANKARA39.91987 32.8542730000000RONESANS GAYRIMENKUL YATIRIM ASPRIVATEPRIVATEPRIVATEProvision of a long-term senior secured loan of up to EUR 30 million (the "Loan") in favour of MEL3 Gayrimenkul Gelistirme Yatirim Insaat ve Ticaret A.S. (the "Company" or "Mel 3 Gayrimenkul"), a fully owned subsidiary of Rönesans Gayrimenkul Yatirim A.S. ("RGY"). The Loan will support the preservation of human capital and the livelihoods of people in the South-Eastern part of Türkiye, which was impacted by the earthquake on 6th of February 2023. The Loan proceeds will be used for (i) replacing emergency bridge financing provided by RGY for the repair CAPEX of two shopping centres and (ii) support to be provided to tenants of the shopping centres in the earthquake affected region. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54564XI-IATI-EBRD-54579European Bank for Reconstruction and DevelopmentTranche 2 will be increased to EUR 6.0 million (from initial EUR 3.0 million) to support project upgrades and enhancements aimed at achieving greater operational efficiency and higher-capacity production and packaging systems. The uncommitted Tranche 3 will be introduced in the amount of EUR 1.5 million to finance the payments related to the final phase construction works at the new production facility and the full implementation of the new production and packaging equipment.Overall, the EBRD's proceeds will remain to be used for expanding the production capacity of Cermat, through the construction of a new production and storage facility and the acquisition of new production and packaging equipment. Null ValueEuropean Bank for Reconstruction and DevelopmentCERMAT DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBITOLA41.03143 21.33474600000012100000CERMAT DOOPRIVATEPRIVATEPRIVATETranche 2 will be increased to EUR 6.0 million (from initial EUR 3.0 million) to support project upgrades and enhancements aimed at achieving greater operational efficiency and higher-capacity production and packaging systems. The uncommitted Tranche 3 will be introduced in the amount of EUR 1.5 million to finance the payments related to the final phase construction works at the new production facility and the full implementation of the new production and packaging equipment.Overall, the EBRD's proceeds will remain to be used for expanding the production capacity of Cermat, through the construction of a new production and storage facility and the acquisition of new production and packaging equipment. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54579XI-IATI-EBRD-54892European Bank for Reconstruction and DevelopmentA senior loan of up to USD 200 million with a tenor of up to 8 years (the "Loan") to Enerjisa Enerji Uretim A.S. (the "Borrower" or the "Company"), one of the largest independent power producers in Turkiye, with 4.2GW installed capacity. The proceeds of the Loan will be used for the development and construction of the second phase of the YEKA-2 WPPs project consisting of Gaia, Falp, and Arturna wind power plants with a total installed capacity of up to 250MW (the "Project").European Bank for Reconstruction and DevelopmentENERJISA ENERJI URETIM ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBALIKESIR39.64837 27.88261175085354.11ENERJISA ENERJI URETIM ASPRIVATEPRIVATEPRIVATEA senior loan of up to USD 200 million with a tenor of up to 8 years (the "Loan") to Enerjisa Enerji Uretim A.S. (the "Borrower" or the "Company"), one of the largest independent power producers in Turkiye, with 4.2GW installed capacity. The proceeds of the Loan will be used for the development and construction of the second phase of the YEKA-2 WPPs project consisting of Gaia, Falp, and Arturna wind power plants with a total installed capacity of up to 250MW (the "Project"). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54892XI-IATI-EBRD-57106European Bank for Reconstruction and DevelopmentII - Saltz Project - Equity investment in Vilnius-based Saltz Marketplace UAB Investment in Series A preferred shares of Saltz Marketplace UAB ("Saltz" or "Company"), as part of their Series A financing round.European Bank for Reconstruction and DevelopmentSALTZ MARKETPLACE UABEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGVILNIUS54.68916 25.27985500021.04SALTZ MARKETPLACE UABPRIVATEPRIVATEPRIVATEEquity investment in Vilnius-based Saltz Marketplace UAB Investment in Series A preferred shares of Saltz Marketplace UAB ("Saltz" or "Company"), as part of their Series A financing round. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57106XI-IATI-EBRD-54324European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to EUR 1.0 million to be made available in one tranche to UB under the Western Balkans Youth in Business ("WB YiB") Programme. The loan proceeds will be used for on-lending to eligible small and medium-sized enterprises ("SMEs") whose overall operational management responsibility or majority ownership is held by a person (or persons) under the age of 35 ("Youth SMEs") in Albania in accordance with the Policy Statement.European Bank for Reconstruction and DevelopmentUNION BANK SHAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTIRANA41.3275 19.818891000000UNION BANK SHAPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to EUR 1.0 million to be made available in one tranche to UB under the Western Balkans Youth in Business ("WB YiB") Programme. The loan proceeds will be used for on-lending to eligible small and medium-sized enterprises ("SMEs") whose overall operational management responsibility or majority ownership is held by a person (or persons) under the age of 35 ("Youth SMEs") in Albania in accordance with the Policy Statement. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54324XI-IATI-EBRD-56281European Bank for Reconstruction and DevelopmentThe provision of a senior loan of up to EUR 30 million to the Romanian City of Brasov (the "Client" or the "City") to finance priority investments for the rehabilitation of public buildings (the "Project"). The Project is proposed to be a trigger investment under the EBRD Green Cities Framework 3 ("GrCF3") and will support the City in developing its Green City Action Plan ("GCAP"). - Implementation of energy efficiency measures in public buildings aiming to improve the environmental and living conditions in the Brasov region. - Development and implementation of the GCAP for the Client, a strategic multi-project approach that will identify, prioritise and address environmental challenges at the city level.European Bank for Reconstruction and DevelopmentCITY OF BRASOVEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBRASOV45.64861 25.606132994000029940000CITY OF BRASOVSTATESTATESTATESTATEThe provision of a senior loan of up to EUR 30 million to the Romanian City of Brasov (the "Client" or the "City") to finance priority investments for the rehabilitation of public buildings (the "Project"). The Project is proposed to be a trigger investment under the EBRD Green Cities Framework 3 ("GrCF3") and will support the City in developing its Green City Action Plan ("GCAP"). - Implementation of energy efficiency measures in public buildings aiming to improve the environmental and living conditions in the Brasov region. - Development and implementation of the GCAP for the Client, a strategic multi-project approach that will identify, prioritise and address environmental challenges at the city level. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56281XI-IATI-EBRD-50739European Bank for Reconstruction and DevelopmentAn equity investment in Avallon MBO Fund III RAIF (the "Fund"), a private equity fund primarily investing in small and medium-sized enterprises ("SMEs") in Poland. The Fund will seek to achieve long-term capital growth by making equity and quasi-equity investments in SMEs. The Fund will seek to acquire controlling interests in SMEs, empowering managers and building leading regional enterprises.European Bank for Reconstruction and DevelopmentAVALLON MBO FUND III SCA SICAVEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.01178270909525000000AVALLON MBO FUND III SCA SICAVPRIVATEPRIVATEPRIVATEAn equity investment in Avallon MBO Fund III RAIF (the "Fund"), a private equity fund primarily investing in small and medium-sized enterprises ("SMEs") in Poland. The Fund will seek to achieve long-term capital growth by making equity and quasi-equity investments in SMEs. The Fund will seek to acquire controlling interests in SMEs, empowering managers and building leading regional enterprises. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50739XI-IATI-EBRD-52000European Bank for Reconstruction and DevelopmentProvision of a long-term senior secured loan of up to PLN 117 million (EUR 26 million) to Fonnes Sp z o.o., a Polish holding company owned jointly by Taaleri SolarWind II and Masdar (Abu Dhabi Future Energy Company), for the purpose of the acquisition, construction and operation of the 37.4MW Mlawa wind farm and the 14MW Grajewo wind farm. The project will contribute to climate mitigation by increasing the share of renewable energy generation in Poland and add 51.4 MW wind generation capacity to the national energy system. In addition, the project will strengthen the private sector's role in the renewable energy sector in Poland.European Bank for Reconstruction and DevelopmentFONNES SP ZOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.0117827199304.59FONNES SP ZOOPRIVATEPRIVATEPRIVATEProvision of a long-term senior secured loan of up to PLN 117 million (EUR 26 million) to Fonnes Sp z o.o., a Polish holding company owned jointly by Taaleri SolarWind II and Masdar (Abu Dhabi Future Energy Company), for the purpose of the acquisition, construction and operation of the 37.4MW Mlawa wind farm and the 14MW Grajewo wind farm. The project will contribute to climate mitigation by increasing the share of renewable energy generation in Poland and add 51.4 MW wind generation capacity to the national energy system. In addition, the project will strengthen the private sector's role in the renewable energy sector in Poland. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52000XI-IATI-EBRD-49022European Bank for Reconstruction and DevelopmentThe Loan is to support the expansion and modernisation of Nibulon's grain logistics infrastructure in 2018-19 including the construction of river terminals, transhipment crane, river fleet and Mykolaiv terminal enhancement. The Project will support Nibulon's strategy aimed mainly at the expansion and optimisation of its river grain logistics facilities in order to increase grain trading volumes reducing the share of road and rail transportation, which will lead to the improvement of profitability, efficiency, as well as to the reduction of environmental footprint.European Bank for Reconstruction and DevelopmentNIBULON AGRICULTURAL LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGMYKOLAIV49.52372 23.985220.0135017070.83NIBULON AGRICULTURAL LLCPRIVATEPRIVATEPRIVATEThe Loan is to support the expansion and modernisation of Nibulon's grain logistics infrastructure in 2018-19 including the construction of river terminals, transhipment crane, river fleet and Mykolaiv terminal enhancement. The Project will support Nibulon's strategy aimed mainly at the expansion and optimisation of its river grain logistics facilities in order to increase grain trading volumes reducing the share of road and rail transportation, which will lead to the improvement of profitability, efficiency, as well as to the reduction of environmental footprint. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49022XI-IATI-EBRD-56484European Bank for Reconstruction and DevelopmentProvision of a senior secured loan of up to €3 million to Raiffeisen Bank dd BiH ("RBBH") for on-lending to the residential sector in Bosnia and Herzegovina ("BiH"). The loan is envisaged under the Western Balkans Green Economy Financing Facility III - REpower ("WB GEFF III"). This will enable the bank to promote green economy investments in the country. The proceeds of the loan will be used to provide financing to RBBH for gender-responsive on-lending to eligible sub-borrowers in the residential sector for investments supporting Green Economy Transition ("GET") - eligible residential renewable energies and energy efficient technologies.European Bank for Reconstruction and DevelopmentRAIFFEISEN BANK DD BOSNIA AND HERZEGOVINAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.3564420000003000000RAIFFEISEN BANK DD BOSNIA AND HERZEGOVINAPRIVATEPRIVATEPRIVATEProvision of a senior secured loan of up to €3 million to Raiffeisen Bank dd BiH ("RBBH") for on-lending to the residential sector in Bosnia and Herzegovina ("BiH"). The loan is envisaged under the Western Balkans Green Economy Financing Facility III - REpower ("WB GEFF III"). This will enable the bank to promote green economy investments in the country. The proceeds of the loan will be used to provide financing to RBBH for gender-responsive on-lending to eligible sub-borrowers in the residential sector for investments supporting Green Economy Transition ("GET") - eligible residential renewable energies and energy efficient technologies. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56484XI-IATI-EBRD-56464European Bank for Reconstruction and DevelopmentProvision of a senior loan to Industrial Construction Bank CJSC (Ardshinbank CJSC) of up to EUR 20m, of which up to EUR 15m to be provided by the European Bank for Reconstruction and Development ("EBRD") and up to EUR 5m by the Green Climate Fund ("GCF") under the GCF-Green Economy Financing Facility ("GEFF") Regional Programme. The loan will have a tenor of up to 5 years. The proceeds of the loan will be used for financing investments in climate change mitigation and adaptation technologies by local private sector commercial sub-borrowers in a gender-responsive way, in line with the standards and reporting requirements of the GEFF in Armenia. 100 per cent of the loan proceeds will be related to Green Economy Transition investments. Ardshinbank will benefit from Technical Cooperation ("TC") in form of trainings, capacity building and support for project implementation from the dedicated programme consultants.European Bank for Reconstruction and DevelopmentINDUSTRIAL CONSTRUCTION BANK CJSC ARDSHINBANKEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYEREVAN40.18111 44.513617500000INDUSTRIAL CONSTRUCTION BANK CJSC ARDSHINBANKPRIVATEPRIVATEPRIVATEProvision of a senior loan to Industrial Construction Bank CJSC (Ardshinbank CJSC) of up to EUR 20m, of which up to EUR 15m to be provided by the European Bank for Reconstruction and Development ("EBRD") and up to EUR 5m by the Green Climate Fund ("GCF") under the GCF-Green Economy Financing Facility ("GEFF") Regional Programme. The loan will have a tenor of up to 5 years. The proceeds of the loan will be used for financing investments in climate change mitigation and adaptation technologies by local private sector commercial sub-borrowers in a gender-responsive way, in line with the standards and reporting requirements of the GEFF in Armenia. 100 per cent of the loan proceeds will be related to Green Economy Transition investments. Ardshinbank will benefit from Technical Cooperation ("TC") in form of trainings, capacity building and support for project implementation from the dedicated programme consultants. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56464XI-IATI-EBRD-53427European Bank for Reconstruction and DevelopmentLoan to support NJJ Holding and Horizon Capital with their plans to create a leading fixed-mobile operator in Ukraine by merging Lifecell Group, a mobile telecom operator, and Datagroup-Volia, a fixed-line operator and existing client of the Bank. The financing will enable capital expenditures related to upgrading and modernizing the mobile and fixed networks of the two entities, increasing network resilience, service quality, coverage, and energy efficiency.European Bank for Reconstruction and DevelopmentDVL UKR LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.5238190405322.6DVL UKR LLCPRIVATEPRIVATEPRIVATELoan to support NJJ Holding and Horizon Capital with their plans to create a leading fixed-mobile operator in Ukraine by merging Lifecell Group, a mobile telecom operator, and Datagroup-Volia, a fixed-line operator and existing client of the Bank. The financing will enable capital expenditures related to upgrading and modernizing the mobile and fixed networks of the two entities, increasing network resilience, service quality, coverage, and energy efficiency. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53427XI-IATI-EBRD-55676European Bank for Reconstruction and DevelopmentSenior unsecured SME loan in the amount of up to USD 25 million in local currency to be provided to JSC TBC Bank ('TBC'). The project will enable TBC to finance private sector SMEs operating in Georgia at a multiple of 1.4x, while 50% of proceeds will be used to finance GET-eligible investmentsEuropean Bank for Reconstruction and DevelopmentTBC BANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTBILISI41.69411 44.8336822503694.91TBC BANK JSCPRIVATEPRIVATEPRIVATESenior unsecured SME loan in the amount of up to USD 25 million in local currency to be provided to JSC TBC Bank ('TBC'). The project will enable TBC to finance private sector SMEs operating in Georgia at a multiple of 1.4x, while 50% of proceeds will be used to finance GET-eligible investments For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55676XI-IATI-EBRD-50730European Bank for Reconstruction and DevelopmentProvision of EUR 6 million senior secured loan (with 1.5-y grace) to Lamatem SARL, an existing client of the Bank, to support new capex programme in production of medical garments and single-use personal protective equipment (PPE). Lamatem's existing facility, supported by the first EBRD loan in 2019, started its operations in Q3 2019, mainly as a toll manufacturer for Molnlycke, a leading global supplier of medical solutions based in Sweden. In response to the changing market environment, the Borrower has now launched a new capex programme to meet increasing demand from Moroccan clinics and its new European clients. The programme also includes new product segments of which a sterilization process.European Bank for Reconstruction and DevelopmentLAMATEM SARLEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCASABLANCA33.58831 -7.6113813700000LAMATEM SARLPRIVATEPRIVATEPRIVATEProvision of EUR 6 million senior secured loan (with 1.5-y grace) to Lamatem SARL, an existing client of the Bank, to support new capex programme in production of medical garments and single-use personal protective equipment (PPE). Lamatem's existing facility, supported by the first EBRD loan in 2019, started its operations in Q3 2019, mainly as a toll manufacturer for Molnlycke, a leading global supplier of medical solutions based in Sweden. In response to the changing market environment, the Borrower has now launched a new capex programme to meet increasing demand from Moroccan clinics and its new European clients. The programme also includes new product segments of which a sterilization process. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50730XI-IATI-EBRD-53386European Bank for Reconstruction and DevelopmentThe provision of a long-term senior secured loan and related debt service reserve facility (DSRF) facility jointly of up to PLN 212 million (approx. €46 million) to Stigma Sp. z o.o. (the borrower), a special purpose company incorporated in Poland. The loan will be dedicated for the construction and operation of a solar PV power plant with a planned total capacity of up to 286 MWp (the project) in Zwartowo, Poland. The project will contribute to climate change mitigation and Polish energy green transition by increasing the share of renewable energy generation in Poland and add up to 286 MWp of solar generation capacity to the national energy system. In addition, the Project will strengthen the private sector's role in the renewable energy sector in Poland.European Bank for Reconstruction and DevelopmentSTIGMA SP ZOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.011786661538.5949233012.1STIGMA SP ZOOPRIVATEPRIVATEPRIVATEThe provision of a long-term senior secured loan and related debt service reserve facility (DSRF) facility jointly of up to PLN 212 million (approx. €46 million) to Stigma Sp. z o.o. (the borrower), a special purpose company incorporated in Poland. The loan will be dedicated for the construction and operation of a solar PV power plant with a planned total capacity of up to 286 MWp (the project) in Zwartowo, Poland. The project will contribute to climate change mitigation and Polish energy green transition by increasing the share of renewable energy generation in Poland and add up to 286 MWp of solar generation capacity to the national energy system. In addition, the Project will strengthen the private sector's role in the renewable energy sector in Poland. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53386XI-IATI-EBRD-51679European Bank for Reconstruction and DevelopmentProvision of a senior loan to finance the development, construction and operation of a 9 MW portfolio of onshore windfarm in Parzeczew, Poland (the "project"). The borrower will be the special purpose company owning the wind farm: Quadran Wind Park 2 Sp. z o.o (the "borrower"). The project will contribute to climate mitigation by adding wind generation capacity to the national energy system, increasing the share of renewable energy generation in Poland. In addition, the project will support the entry of a new player in the Polish renewable energy market.European Bank for Reconstruction and DevelopmentQUADRAN WIND PARK 2 SP ZOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.01178236161.635058744.92QUADRAN WIND PARK 2 SP ZOOPRIVATEPRIVATEPRIVATEProvision of a senior loan to finance the development, construction and operation of a 9 MW portfolio of onshore windfarm in Parzeczew, Poland (the "project"). The borrower will be the special purpose company owning the wind farm: Quadran Wind Park 2 Sp. z o.o (the "borrower"). The project will contribute to climate mitigation by adding wind generation capacity to the national energy system, increasing the share of renewable energy generation in Poland. In addition, the project will support the entry of a new player in the Polish renewable energy market. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51679XI-IATI-EBRD-49477European Bank for Reconstruction and DevelopmentProvision of a senior secured loan of up to EUR 35 million to Serbia and Montenegro Air Traffic Services SMATSA Llc (the "Client, or the "Company ") to finance components of an upgrading programme which includes the purchase and installation of an air traffic management system, related equipment and services, civil works for construction of an annex building to the existing Air Traffic Control Center ("ATCC") Beograd building with Beograd Air Traffic Control ("ATC") tower, and new Niš ATC tower with the Beograd Contingency ATCC Centre (the "Project"). Assistance to SMATSA in complying with the Single European Sky ("SES") programme requirements, improvement of traffic safety, helping SMATSA fulfil regulatory requirements, enhancement of quality of service, satisfaction of customers' needs and creation of a better working environment.European Bank for Reconstruction and DevelopmentSERBIA AND MONTENEGRO AIR TRAFFIC SERVICES AGENCY LIMITEDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651335000000SERBIA AND MONTENEGRO AIR TRAFFIC SERVICES AGENCY LIMITED1638841.8SERBIA AND MONTENEGRO AIR TRAFFIC SERVICES AGENCY LIMITED2995227.08SERBIA AND MONTENEGRO AIR TRAFFIC SERVICES AGENCY LIMITED2871249.6SERBIA AND MONTENEGRO AIR TRAFFIC SERVICES AGENCY LIMITED4277417.6SERBIA AND MONTENEGRO AIR TRAFFIC SERVICES AGENCY LIMITED1671100SERBIA AND MONTENEGRO AIR TRAFFIC SERVICES AGENCY LIMITED1068010.42SERBIA AND MONTENEGRO AIR TRAFFIC SERVICES AGENCY LIMITED835333.35SERBIA AND MONTENEGRO AIR TRAFFIC SERVICES AGENCY LIMITED854408.33SERBIA AND MONTENEGRO AIR TRAFFIC SERVICES AGENCY LIMITED4210298.6SERBIA AND MONTENEGRO AIR TRAFFIC SERVICES AGENCY LIMITED1556990.65SERBIA AND MONTENEGRO AIR TRAFFIC SERVICES AGENCY LIMITED1651949.3SERBIA AND MONTENEGRO AIR TRAFFIC SERVICES AGENCY LIMITED4089938.8SERBIA AND MONTENEGRO AIR TRAFFIC SERVICES AGENCY LIMITED2414962.3SERBIA AND MONTENEGRO AIR TRAFFIC SERVICES AGENCY LIMITED646504.17SERBIA AND MONTENEGRO AIR TRAFFIC SERVICES AGENCY LIMITEDSTATESTATESTATESTATEProvision of a senior secured loan of up to EUR 35 million to Serbia and Montenegro Air Traffic Services SMATSA Llc (the "Client, or the "Company ") to finance components of an upgrading programme which includes the purchase and installation of an air traffic management system, related equipment and services, civil works for construction of an annex building to the existing Air Traffic Control Center ("ATCC") Beograd building with Beograd Air Traffic Control ("ATC") tower, and new Niš ATC tower with the Beograd Contingency ATCC Centre (the "Project"). Assistance to SMATSA in complying with the Single European Sky ("SES") programme requirements, improvement of traffic safety, helping SMATSA fulfil regulatory requirements, enhancement of quality of service, satisfaction of customers' needs and creation of a better working environment. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49477XI-IATI-EBRD-54078European Bank for Reconstruction and DevelopmentParticipation of up to EUR 25 million in the 10-year tranche of Greiner AG's ESG-linked Schuldschein issuance. The Bank financing will be used exclusively for capital investments of Greiner AG's subsidiaries in the Czech Republic, Serbia, Estonia, Romania and Poland and linked to the Borrower's circular economy and energy efficiency targets.European Bank for Reconstruction and DevelopmentGREINER AGEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRAGUE50.08804 14.42076TALLINN59.43696 24.75353WARSAW52.22977 21.01178BUCHAREST44.43225 26.10626BELGRADE44.80401 20.4651325000000GREINER AGPRIVATEPRIVATEPRIVATEParticipation of up to EUR 25 million in the 10-year tranche of Greiner AG's ESG-linked Schuldschein issuance. The Bank financing will be used exclusively for capital investments of Greiner AG's subsidiaries in the Czech Republic, Serbia, Estonia, Romania and Poland and linked to the Borrower's circular economy and energy efficiency targets. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54078XI-IATI-EBRD-50363European Bank for Reconstruction and DevelopmentKernel Biomass Project - Selected long-term agribusiness infrastructure investments. The Project will support Kernel Group in implementing its sustainability strategy.European Bank for Reconstruction and DevelopmentBLACK SEA INDUSTRIES UKRAINA LIMITED LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCHORNOMORSK46.3199 30.6566642020484.99BLACK SEA INDUSTRIES UKRAINA LIMITED LLCPRIVATEPRIVATEPRIVATESelected long-term agribusiness infrastructure investments. The Project will support Kernel Group in implementing its sustainability strategy. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50363XI-IATI-EBRD-47406European Bank for Reconstruction and DevelopmentFinancing of a hospital infrastructure PPP project involving the design, construction, equipping, financing, and maintenance of an integrated health campus in Izmit District of Kocaeli Province, Turkey, pursuant to a 28-year concession awarded by Turkey's Ministry of Health. Under this PPP structure, the concessionaire will be responsible for designing, building, financing, leasing and operating of the hospital facilities, while the provision of medical care and services will remain the responsibility of the Ministry of Health. EBRD will assist in increasing private sector participation in the hospital infrastructure sector in Turkey. In response to the need for large capacity investments in healthcare systems, governments are seeking to tap private sector resources and know-how to construct and manage infrastructure related facilities more rapidly and more efficiently, while medical service provision remains under the responsibility of the state.European Bank for Reconstruction and DevelopmentKOCAELI HASTANE YATIRIM VE SAGLIK HIZMETLERI ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANKARA39.91987 32.854270.0120000000KOCAELI HASTANE YATIRIM VE SAGLIK HIZMETLERI ASPRIVATEPRIVATEPRIVATEFinancing of a hospital infrastructure PPP project involving the design, construction, equipping, financing, and maintenance of an integrated health campus in Izmit District of Kocaeli Province, Turkey, pursuant to a 28-year concession awarded by Turkey's Ministry of Health. Under this PPP structure, the concessionaire will be responsible for designing, building, financing, leasing and operating of the hospital facilities, while the provision of medical care and services will remain the responsibility of the Ministry of Health. EBRD will assist in increasing private sector participation in the hospital infrastructure sector in Turkey. In response to the need for large capacity investments in healthcare systems, governments are seeking to tap private sector resources and know-how to construct and manage infrastructure related facilities more rapidly and more efficiently, while medical service provision remains under the responsibility of the state. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47406XI-IATI-EBRD-53075European Bank for Reconstruction and DevelopmentAlgebra Ventures II Cooperatief U.A. ("Algebra Fund II" or the "Fund"), a venture capital fund to be established as a Dutch cooperatief with exclusion of liability. Algebra Ventures II B.V., a limited liability company to be incorporated in the Netherlands, will appoint Algebra Ventures II LLC (the " Investment Advisor"), a limited liability company to be incorporated in Egypt, to provide investment advisory services to the Fund Manager. Algebra Ventures II B.V. and Algebra Ventures II LLC are herein collectively referred to as " Algebra" or the "Fund Manager". The Fund will primarily make equity and equity-related venture capital investments in Egyptian small and medium-sized enterprises engaged in the development of technology, with the aim of achieving long-term capital growth.European Bank for Reconstruction and DevelopmentALGEBRA VENTURES II COOPERATIEF UAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.24967AMMAN31.95522 35.94503RABAT34.01325 -6.83255TUNIS36.81897 10.165795646223.4113474805.56ALGEBRA VENTURES II COOPERATIEF UAPRIVATEPRIVATEPRIVATEAlgebra Ventures II Cooperatief U.A. ("Algebra Fund II" or the "Fund"), a venture capital fund to be established as a Dutch cooperatief with exclusion of liability. Algebra Ventures II B.V., a limited liability company to be incorporated in the Netherlands, will appoint Algebra Ventures II LLC (the " Investment Advisor"), a limited liability company to be incorporated in Egypt, to provide investment advisory services to the Fund Manager. Algebra Ventures II B.V. and Algebra Ventures II LLC are herein collectively referred to as " Algebra" or the "Fund Manager". The Fund will primarily make equity and equity-related venture capital investments in Egyptian small and medium-sized enterprises engaged in the development of technology, with the aim of achieving long-term capital growth. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53075XI-IATI-EBRD-56735European Bank for Reconstruction and DevelopmentThe EBRD provided up to EUR 20 million long-term loan to Assan Aluminyum Sanayi ve Ticaret A.S. to finance the Company's decarbonisation investments in Dilovasi and Tuzla facilities. (the "Project") Assan's EBRD financed decarbonisation investments promote the green economy by increasing scrap use, boosting efficiency, and cutting energy and gas consumption, qualifying as 100% GET-eligible. The Project aligns with the Paris Agreement and EU Taxonomy for Climate Action. Additionally, the Company will improve its HR policies and practices by introducing a structured caregiving support framework.European Bank for Reconstruction and DevelopmentASSAN ALUMINYUM SANAYI VE TICARET ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.949661000000020000000ASSAN ALUMINYUM SANAYI VE TICARET ASPRIVATEPRIVATEPRIVATEThe EBRD provided up to EUR 20 million long-term loan to Assan Aluminyum Sanayi ve Ticaret A.S. to finance the Company's decarbonisation investments in Dilovasi and Tuzla facilities. (the "Project") Assan's EBRD financed decarbonisation investments promote the green economy by increasing scrap use, boosting efficiency, and cutting energy and gas consumption, qualifying as 100% GET-eligible. The Project aligns with the Paris Agreement and EU Taxonomy for Climate Action. Additionally, the Company will improve its HR policies and practices by introducing a structured caregiving support framework. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56735XI-IATI-EBRD-54230European Bank for Reconstruction and DevelopmentUp to USD 110 million senior loan with 7-year tenor (the "Loan") to Enerjisa Enerji Uretim A.S. (the "Company" or "Enerjisa"), one of the largest independent power producers in Turkiye, with 3.7GW installed capacity. The proceeds of the Loan will be used for the financing of wind capacity extension projects with 51.6MW installed capacity and acquisition of an operational wind power plant with 55.0MW installed capacity (the "Project").European Bank for Reconstruction and DevelopmentENERJISA ENERJI URETIM ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBALIKESIR39.64837 27.8826195859231.38ENERJISA ENERJI URETIM ASPRIVATEPRIVATEPRIVATEUp to USD 110 million senior loan with 7-year tenor (the "Loan") to Enerjisa Enerji Uretim A.S. (the "Company" or "Enerjisa"), one of the largest independent power producers in Turkiye, with 3.7GW installed capacity. The proceeds of the Loan will be used for the financing of wind capacity extension projects with 51.6MW installed capacity and acquisition of an operational wind power plant with 55.0MW installed capacity (the "Project"). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54230XI-IATI-EBRD-47235European Bank for Reconstruction and DevelopmentThe EBRD is providing an equity investment of up to EUR 50 million in Mediterra Capital Partners II, LP (the "Fund"), a limited partnership to be established under English law. The Fund will make equity and equity-related investments in lower mid-market companies operating in Turkey. The Fund will make equity and equity related investments in lower mid-market companies operating in Turkey.European Bank for Reconstruction and DevelopmentMEDITERRA CAPITAL PARTNERS II LPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANKARA39.91987 32.85427520194.1350000000MEDITERRA CAPITAL PARTNERS II LPPRIVATEPRIVATEPRIVATEThe EBRD is providing an equity investment of up to EUR 50 million in Mediterra Capital Partners II, LP (the "Fund"), a limited partnership to be established under English law. The Fund will make equity and equity-related investments in lower mid-market companies operating in Turkey. The Fund will make equity and equity related investments in lower mid-market companies operating in Turkey. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47235XI-IATI-EBRD-55175European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 50 million in favour of Yapi Kredi Finansal Kiralama A.O. ("Yapi Kredi Leasing", "YKL" or the "Client") under the Turkiye Green Economy Financing Facility II ("GEFF II" or the "Framework"). YKL will use the proceeds of the Bank`s investment to provide lease financing to sub-borrowers implementing green economy investments including, among others, energy efficiency, renewable energy and climate resilience measures, and additional green investment areas focusing on nature and biodiversity, blue economy, as well as sustainable agriculture, transport, and tourism, in a gender responsive way.European Bank for Reconstruction and DevelopmentYAPI KREDI FINANSAL KIRALAMA AOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496650000000YAPI KREDI FINANSAL KIRALAMA AOPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 50 million in favour of Yapi Kredi Finansal Kiralama A.O. ("Yapi Kredi Leasing", "YKL" or the "Client") under the Turkiye Green Economy Financing Facility II ("GEFF II" or the "Framework"). YKL will use the proceeds of the Bank`s investment to provide lease financing to sub-borrowers implementing green economy investments including, among others, energy efficiency, renewable energy and climate resilience measures, and additional green investment areas focusing on nature and biodiversity, blue economy, as well as sustainable agriculture, transport, and tourism, in a gender responsive way. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55175XI-IATI-EBRD-56888European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 50 million consisting of EUR 47 million EBRD financing and EUR 3 million in concessional finance component to be provided by TaiwanICDF in favour of Garanti Finansal Kiralama A.S ("GL" or the "Company"). The project will enable GL to finance sub-borrowers implementing green economy investments and promote equal access to green finance for both women and men. Under this operation, GL will use 30% of the financing to support green investments in the regions affected by the February 2023 earthquakes of Türkiye ("Affected Regions") and the operation is therefore complemented by concessional finance. The loan will be utilised by GL for on-lending to eligible sub-borrowers, including in the Affected Regions implementing GET-aligned green investments. Areas supported cover energy efficiency, renewable energy, climate resilience measures, sustainable agriculture, nature and biodiversity, as well as sustainable transport and tourism, all while promoting equal access to green finance for both women and men.European Bank for Reconstruction and DevelopmentGARANTI FINANSAL KIRALAMA ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496623500000GARANTI FINANSAL KIRALAMA ASPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 50 million consisting of EUR 47 million EBRD financing and EUR 3 million in concessional finance component to be provided by TaiwanICDF in favour of Garanti Finansal Kiralama A.S ("GL" or the "Company"). The project will enable GL to finance sub-borrowers implementing green economy investments and promote equal access to green finance for both women and men. Under this operation, GL will use 30% of the financing to support green investments in the regions affected by the February 2023 earthquakes of Türkiye ("Affected Regions") and the operation is therefore complemented by concessional finance. The loan will be utilised by GL for on-lending to eligible sub-borrowers, including in the Affected Regions implementing GET-aligned green investments. Areas supported cover energy efficiency, renewable energy, climate resilience measures, sustainable agriculture, nature and biodiversity, as well as sustainable transport and tourism, all while promoting equal access to green finance for both women and men. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56888XI-IATI-EBRD-55836European Bank for Reconstruction and DevelopmentThe proposed transaction entails a seven-year loan (with a grace period of two years) of EUR 25m to Besler Gida ve Kimya Sanayi ve Ticaret A.S., a leading company in frozen food and edible oil sectors. The Bank's loan will finance the investment programme of Besler including a new pizza production line, a warehouse for packaging storage and a new puff pastry production line.European Bank for Reconstruction and DevelopmentBESLER GIDA VE KIMYA SANAYI VE TICARET ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.949662500000025000000BESLER GIDA VE KIMYA SANAYI VE TICARET ASPRIVATEPRIVATEPRIVATEThe proposed transaction entails a seven-year loan (with a grace period of two years) of EUR 25m to Besler Gida ve Kimya Sanayi ve Ticaret A.S., a leading company in frozen food and edible oil sectors. The Bank's loan will finance the investment programme of Besler including a new pizza production line, a warehouse for packaging storage and a new puff pastry production line. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55836XI-IATI-EBRD-46108European Bank for Reconstruction and DevelopmentInvestment of USD 60 million, in TRY, in a private placement mortgage covered bond issuance by Yapi ve Kred Bankasi AS (YKB). It is complemented by USD 15 million of financing provided by the Clean Technology Fund (CTF) which is one of the two Trust Funds under the Climate Investment Fund (CIF) Special Fund, taking total aggregate investment to USD 75 million equivalent. The CIF was established to provide scaled up financing in order to contribute to the demonstration, deployment and transfer of low carbon technologies with significant potential for long-term greenhouse gas emission savings. The EBRD's investment is backed by a portfolio of residential mortgages and was rated Baa1 by Moody's. The transaction supports YKB in accessing medium- to long-term funding by using a Covered Bond instrument collateralised by a pool of residential mortgage loans. The proceeds will increase financial intermediation and financing of rational energy utilisation investments and assist the households in Turkey in mitigating increasing energy prices and high energy intensity under the EBRD's Turkey Residential Energy Efficiency Financing Facility (TuREEFF). TuREEFF aims to increase financial intermediation and financing of rational energy utilisation investments and assist the households in Turkey in mitigating increasing energy prices and high energy intensity. TuREEFF will increase public awareness in Turkey about the benefits of sustainable energy investment in the residential sector.European Bank for Reconstruction and DevelopmentYAPI VE KREDI BANKASI AS COVERED BONDSEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.949664297626.38YAPI VE KREDI BANKASI AS COVERED BONDSPRIVATEPRIVATEPRIVATEInvestment of USD 60 million, in TRY, in a private placement mortgage covered bond issuance by Yapi ve Kred Bankasi AS (YKB). It is complemented by USD 15 million of financing provided by the Clean Technology Fund (CTF) which is one of the two Trust Funds under the Climate Investment Fund (CIF) Special Fund, taking total aggregate investment to USD 75 million equivalent. The CIF was established to provide scaled up financing in order to contribute to the demonstration, deployment and transfer of low carbon technologies with significant potential for long-term greenhouse gas emission savings. The EBRD's investment is backed by a portfolio of residential mortgages and was rated Baa1 by Moody's. The transaction supports YKB in accessing medium- to long-term funding by using a Covered Bond instrument collateralised by a pool of residential mortgage loans. The proceeds will increase financial intermediation and financing of rational energy utilisation investments and assist the households in Turkey in mitigating increasing energy prices and high energy intensity under the EBRD's Turkey Residential Energy Efficiency Financing Facility (TuREEFF). TuREEFF aims to increase financial intermediation and financing of rational energy utilisation investments and assist the households in Turkey in mitigating increasing energy prices and high energy intensity. TuREEFF will increase public awareness in Turkey about the benefits of sustainable energy investment in the residential sector. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/46108XI-IATI-EBRD-54802European Bank for Reconstruction and DevelopmentA Resilience and Livelihoods Guarantee ("RLG") sub-limit* under the Resilience and Livelihoods Framework, in the form of an unfunded portfolio risksharing instrument in the amount of up to EUR 10 million. The guarantee covers up to 50 per cent of the credit risk in newly originated sub-loans with the total value of EUR 40 million equivalent (the "Covered Portfolio") subject to total 50 per cent of portfolio cap. The RLG facility will be delivered in two equal tranches, with the second tranche being uncommitted. * This sub-limit is part of EBRD's broader RLG facility to Ukrgasbank, covered by OpIDs 54802 and 54803 (under Resilience and Livelihoods Framework and Financial Intermediaries Framework, respectively), jointly referred to as the RLG Project. Both OpIDs are to be regulated under a single risk participation agreement with the PFI. The Project will support lending to Ukrainian private companies operating in the primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in Ukraine.European Bank for Reconstruction and DevelopmentUKRGASBANK JSBEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.52381000000010000000UKRGASBANK JSBPRIVATEPRIVATEPRIVATEA Resilience and Livelihoods Guarantee ("RLG") sub-limit* under the Resilience and Livelihoods Framework, in the form of an unfunded portfolio risksharing instrument in the amount of up to EUR 10 million. The guarantee covers up to 50 per cent of the credit risk in newly originated sub-loans with the total value of EUR 40 million equivalent (the "Covered Portfolio") subject to total 50 per cent of portfolio cap. The RLG facility will be delivered in two equal tranches, with the second tranche being uncommitted. * This sub-limit is part of EBRD's broader RLG facility to Ukrgasbank, covered by OpIDs 54802 and 54803 (under Resilience and Livelihoods Framework and Financial Intermediaries Framework, respectively), jointly referred to as the RLG Project. Both OpIDs are to be regulated under a single risk participation agreement with the PFI. The Project will support lending to Ukrainian private companies operating in the primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54802XI-IATI-EBRD-55678European Bank for Reconstruction and DevelopmentA sovereign guaranteed loan of up to EUR 80 million to the "PJSC Ukrnafta" (the "Company" or "Ukrnafta"), to finance its emergency capex. The Loan will finance the supply and installation of around 100 MW of small-scale gas-fired distributed power and co-generation capacities at selected sites across Ukraine, helping to address the electricity deficit and to ensure uninterrupted energy supply to the population and businesses. In the current crisis environment triggered by the war on Ukraine, the emergency capex program covering supply and installation of around 100 MW of distributed power generation capacity will support the Company in addressing the electricity deficit and ensuring uninterrupted energy supply to the population and businesses.European Bank for Reconstruction and DevelopmentUKRNAFTA PJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.52387896868880000000UKRNAFTA PJSC800000UKRNAFTA PJSC231312UKRNAFTA PJSCSTATESTATESTATESTATEA sovereign guaranteed loan of up to EUR 80 million to the "PJSC Ukrnafta" (the "Company" or "Ukrnafta"), to finance its emergency capex. The Loan will finance the supply and installation of around 100 MW of small-scale gas-fired distributed power and co-generation capacities at selected sites across Ukraine, helping to address the electricity deficit and to ensure uninterrupted energy supply to the population and businesses. In the current crisis environment triggered by the war on Ukraine, the emergency capex program covering supply and installation of around 100 MW of distributed power generation capacity will support the Company in addressing the electricity deficit and ensuring uninterrupted energy supply to the population and businesses. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55678XI-IATI-EBRD-51857European Bank for Reconstruction and DevelopmentA senior secured loan of up to EUR 10.0 million to GMM to finance the construction of solar photovoltaic ("PV") plants with a total installed capacity of 27 MW (the "Project"). The electricity generated by the solar PV plants will be utilised for self-consumption of GMM's facilities. The loan will be co-financed by a CAPEX grant of up to EUR 7.0 million from the Community Resilience Window ("CRW") of the EBRD Shareholder Special Fund ("SSF"). The proceeds of the Bank's loan will be used for the design and construction of five (5) grid-connected solar PV plants with a total installed capacity of 27 MWac under a design & build contract for the self-consumption of GMM's facilities. Gaziantep experienced significant population growth caused by the refugee influx since the start of the conflict in Syria. Gaziantep has a population of 2.1 million and hosts around 450,000 of Turkey's 3.7 million refugees. The refugee crisis has placed a huge strain on Gaziantep's existing infrastructure as it seeks to maintain service levels in the face of rapid unexpected population growth. It is in continuous need of investments to maintain and provide sustainable, high quality, efficient municipal services to its inhabitants. The solar PV plants will relieve pressure on GMM and improve its resilience by supporting the city's fiscal budget through annual savings in electricity bills, without adding to greenhouse gas emissions of the sector. The electricity generated by the solar PV plants will be netted-off against the overall consumption of the city's facilities including but not limited to administrative buildings, the light rail system and water pumps and facilities. The proposed solar PV plants will support Gaziantep's aim to become the first metropolitan municipality in Turkey which covers all of its electricity needs from renewable sources.European Bank for Reconstruction and DevelopmentMUNICIPALITY OF GAZIANTEPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGGAZIANTEP37.05944 37.382510000000MUNICIPALITY OF GAZIANTEP3321505.57MUNICIPALITY OF GAZIANTEP5076519.61MUNICIPALITY OF GAZIANTEP1601974.82MUNICIPALITY OF GAZIANTEPSTATESTATESTATESTATEA senior secured loan of up to EUR 10.0 million to GMM to finance the construction of solar photovoltaic ("PV") plants with a total installed capacity of 27 MW (the "Project"). The electricity generated by the solar PV plants will be utilised for self-consumption of GMM's facilities. The loan will be co-financed by a CAPEX grant of up to EUR 7.0 million from the Community Resilience Window ("CRW") of the EBRD Shareholder Special Fund ("SSF"). The proceeds of the Bank's loan will be used for the design and construction of five (5) grid-connected solar PV plants with a total installed capacity of 27 MWac under a design & build contract for the self-consumption of GMM's facilities. Gaziantep experienced significant population growth caused by the refugee influx since the start of the conflict in Syria. Gaziantep has a population of 2.1 million and hosts around 450,000 of Turkey's 3.7 million refugees. The refugee crisis has placed a huge strain on Gaziantep's existing infrastructure as it seeks to maintain service levels in the face of rapid unexpected population growth. It is in continuous need of investments to maintain and provide sustainable, high quality, efficient municipal services to its inhabitants. The solar PV plants will relieve pressure on GMM and improve its resilience by supporting the city's fiscal budget through annual savings in electricity bills, without adding to greenhouse gas emissions of the sector. The electricity generated by the solar PV plants will be netted-off against the overall consumption of the city's facilities including but not limited to administrative buildings, the light rail system and water pumps and facilities. The proposed solar PV plants will support Gaziantep's aim to become the first metropolitan municipality in Turkey which covers all of its electricity needs from renewable sources. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51857XI-IATI-EBRD-51009European Bank for Reconstruction and DevelopmentAn equity commitment in favour of BaltCap Private Equity Fund III (the "Fund"), as well as BPEF III Supplementary Investment Facility (the "SIF"), a vehicle that a vehicle that can be used to co-invest in portfolio companies of the Fund. The Fund seeks to generate long-term capital gains from equity and quasi-equity investments in small to mid-cap companies, predominantly in Estonia, Latvia and Lithuania.European Bank for Reconstruction and DevelopmentBPEF III SUPPLEMENTARY INVESTMENT FACILITY UFEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTALLINN59.43696 24.75353VILNIUS54.68916 25.2798RIGA56.946 24.105893879909.3125000000BPEF III SUPPLEMENTARY INVESTMENT FACILITY UFPRIVATEPRIVATEPRIVATEAn equity commitment in favour of BaltCap Private Equity Fund III (the "Fund"), as well as BPEF III Supplementary Investment Facility (the "SIF"), a vehicle that a vehicle that can be used to co-invest in portfolio companies of the Fund. The Fund seeks to generate long-term capital gains from equity and quasi-equity investments in small to mid-cap companies, predominantly in Estonia, Latvia and Lithuania. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51009XI-IATI-EBRD-52798European Bank for Reconstruction and DevelopmentThe EBRD invested EUR 37.5 million (29.8% of the issuance amount) in a senior non-preferred bond (the "bond") by Nova Kreditna Banka Maribor d.d. ("NKBM") as part of a privately placed issuance of EUR 125.7 million. The issuance was marketed mainly to local institutional investors. This is the first senior non-preferred instrument issued by a Slovenian bank since the introduction of the EU Bank Recovery and Resolution Directive in the country. The project supports the resilience and regulatory compliance of the second largest bank in Slovenia and contributes to the capital market development in the country. The project also aims to support strong Green-impact targets with at least 150% of the EBRD's investment to be allocated to financing green projects in line with the EBRD's Green Economy Transition ("GET") eligibility criteria.European Bank for Reconstruction and DevelopmentOTP BANKA DDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGMARIBOR46.55472 15.6466737500000OTP BANKA DDPRIVATEPRIVATEPRIVATEThe EBRD invested EUR 37.5 million (29.8% of the issuance amount) in a senior non-preferred bond (the "bond") by Nova Kreditna Banka Maribor d.d. ("NKBM") as part of a privately placed issuance of EUR 125.7 million. The issuance was marketed mainly to local institutional investors. This is the first senior non-preferred instrument issued by a Slovenian bank since the introduction of the EU Bank Recovery and Resolution Directive in the country. The project supports the resilience and regulatory compliance of the second largest bank in Slovenia and contributes to the capital market development in the country. The project also aims to support strong Green-impact targets with at least 150% of the EBRD's investment to be allocated to financing green projects in line with the EBRD's Green Economy Transition ("GET") eligibility criteria. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52798XI-IATI-EBRD-47422European Bank for Reconstruction and DevelopmentAssist the city of Polotsk in the construction of the wastewater treatment facilities. A sovereign-guaranteed loan of of € 21 million, of which up to € 8 million will be allocated for the benefit of Unitary Enterprise Polotskvodokanal, a municipally owned company that provides water and wastewater services in the city of Polotsk. The Loan will finance a Priority Investment Programme (the 'PIP') aimed at construction of the wastewater treatment facilities in the City including aeration tanks, sedimentation tanks, sludge pumps, air blowers, etc.European Bank for Reconstruction and DevelopmentBELARUS SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGMINSK53.9 27.566679000000BELARUS SOVEREIGN90000BELARUS SOVEREIGNSTATESTATESTATESTATEAssist the city of Polotsk in the construction of the wastewater treatment facilities. A sovereign-guaranteed loan of of € 21 million, of which up to € 8 million will be allocated for the benefit of Unitary Enterprise Polotskvodokanal, a municipally owned company that provides water and wastewater services in the city of Polotsk. The Loan will finance a Priority Investment Programme (the 'PIP') aimed at construction of the wastewater treatment facilities in the City including aeration tanks, sedimentation tanks, sludge pumps, air blowers, etc. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47422XI-IATI-EBRD-54740European Bank for Reconstruction and DevelopmentA senior loan of up to €10 million loan to Communal Enterprise "Ternopilelectrotrans" (the "Company") to finance the acquisition of new trolleybuses along with essential maintenance and diagnostic equipment and the modernisation of a traction substation. The EBRD loan is part of a broader financial package, which also includes €1 million co-financing from the City, as well as €4 million investment grant from Canada provided through the High Impact Partnership on Climate Action ("HIPCA"). Given war-triggered risks related to vulnerability of the energy infrastructure, which remains a primary target of Russian missile attacks across Ukraine, the loan will benefit from a partial guarantee provided by the Government of Spain on a pari passu basis. The proceeds of the EBRD's loan and the Canada HIPCA grant will be used for the acquisition of new trolleybuses along with spare parts, maintenance and diagnostic equipment as well as modernisation of traction power substation. The renewal of the trolleybus fleet and the modernisation of traction power substation will improve the reliability and quality of services for public transport users, as well as improve air quality through reduced Nitrous Oxides ("NOx") and Particulate Matter ("PM") emissions. The total Green House Gas ("GHG ") emission reduction from the Project implementation is calculated to be 7,570 tonnes of CO2e per annum. The installation of surveillance cameras inside trolleybuses will enhance the safety of public transport services, while the modernisation of traction substation and depot will also play an important role in improved energy efficiency and reliability of the catenary network operation, which is especially critical in view of the recent attacks on the energy infrastructure of Ukraine. The Project plays a vital role for vulnerable groups of population such as war veterans, and for over 28,400 of Internally Displaced Persons ("IDPs"), who had to relocate to Ternopil from the temporarily occupied territories or territories close to the frontlines, as it improves access to safe and reliable public transportation. A recent EBRD report on gender-based violence in Ukraine has found that displaced women are more than three times more likely to experience gender-based violence and harassment than non-displaced residents. Women and children are also at higher risk of trafficking and exploitation.European Bank for Reconstruction and DevelopmentTERNOPILELECTROTRANS CEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTERNOPIL49.55589 25.605561000000010000000TERNOPILELECTROTRANS CESTATESTATESTATESTATEA senior loan of up to €10 million loan to Communal Enterprise "Ternopilelectrotrans" (the "Company") to finance the acquisition of new trolleybuses along with essential maintenance and diagnostic equipment and the modernisation of a traction substation. The EBRD loan is part of a broader financial package, which also includes €1 million co-financing from the City, as well as €4 million investment grant from Canada provided through the High Impact Partnership on Climate Action ("HIPCA"). Given war-triggered risks related to vulnerability of the energy infrastructure, which remains a primary target of Russian missile attacks across Ukraine, the loan will benefit from a partial guarantee provided by the Government of Spain on a pari passu basis. The proceeds of the EBRD's loan and the Canada HIPCA grant will be used for the acquisition of new trolleybuses along with spare parts, maintenance and diagnostic equipment as well as modernisation of traction power substation. The renewal of the trolleybus fleet and the modernisation of traction power substation will improve the reliability and quality of services for public transport users, as well as improve air quality through reduced Nitrous Oxides ("NOx") and Particulate Matter ("PM") emissions. The total Green House Gas ("GHG ") emission reduction from the Project implementation is calculated to be 7,570 tonnes of CO2e per annum. The installation of surveillance cameras inside trolleybuses will enhance the safety of public transport services, while the modernisation of traction substation and depot will also play an important role in improved energy efficiency and reliability of the catenary network operation, which is especially critical in view of the recent attacks on the energy infrastructure of Ukraine. The Project plays a vital role for vulnerable groups of population such as war veterans, and for over 28,400 of Internally Displaced Persons ("IDPs"), who had to relocate to Ternopil from the temporarily occupied territories or territories close to the frontlines, as it improves access to safe and reliable public transportation. A recent EBRD report on gender-based violence in Ukraine has found that displaced women are more than three times more likely to experience gender-based violence and harassment than non-displaced residents. Women and children are also at higher risk of trafficking and exploitation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54740XI-IATI-EBRD-49454European Bank for Reconstruction and DevelopmentProvision of an up to USD 200 million loan to the Suez Oil Processing Company (SOPC) to finance a package of energy efficiency investments and other refurbishments and installations at the Suez refinery. In particular, the Project will focus on the installation of a New Vapour Recovery Unit (VRU), the refurbishment of the old coker units and a number of energy efficiency investments identified to improve operational performance, environmental footprint and utilisation rate of the refurbishment of the old coker unit and a number of energy efficiency investments identified to improve operational performance, environmental footprint and utilisation rate of the refinery. Provision of an additional USD 50 million loan to SOPC to finance the implementation of a new Asphalt Unit at the refinery so as to complete its upgrade programme. The Project aims to alleviate some of SOPC's inefficiencies. It will enable SOPC to produce middle distillates in line with Euro 5 specifications, which have historically been imported thereby catering better for growing and shifting demand patterns in the country. Energy efficiency investments will lead to positive environmental benefits with greenhouse gas emissions savings estimated around 295 kt CO2 per year thereby enabling SOPC to optimize utilization rates and improve operational performance.European Bank for Reconstruction and DevelopmentEGYPT SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496720637747.01218856692.64EGYPT SOVEREIGN1750853.54EGYPT SOVEREIGN427063.82EGYPT SOVEREIGN2228830.43EGYPT SOVEREIGN2539168.34EGYPT SOVEREIGN687349.21EGYPT SOVEREIGN1749456.36EGYPT SOVEREIGN1281190.93EGYPT SOVEREIGN2179545.3EGYPT SOVEREIGN1031024.25EGYPT SOVEREIGN3808806.92EGYPT SOVEREIGN1774861.24EGYPT SOVEREIGN3343245.21EGYPT SOVEREIGN4098405.4EGYPT SOVEREIGN2856605.2EGYPT SOVEREIGN5339183.26EGYPT SOVEREIGN437713.39EGYPT SOVEREIGN1829861.24EGYPT SOVEREIGN93583.12EGYPT SOVEREIGN1026943.89EGYPT SOVEREIGN973463.97EGYPT SOVEREIGN236474.5EGYPT SOVEREIGN3608576.78EGYPT SOVEREIGN1460195.95EGYPT SOVEREIGN461297.38EGYPT SOVEREIGN5931610.35EGYPT SOVEREIGN96734.66EGYPT SOVEREIGN2539168.34EGYPT SOVEREIGN528495.14EGYPT SOVEREIGN1116513.72EGYPT SOVEREIGN1168317.48EGYPT SOVEREIGN6147608.12EGYPT SOVEREIGN5145932.96EGYPT SOVEREIGN1031358.14EGYPT SOVEREIGN2823205.92EGYPT SOVEREIGN141373.11EGYPT SOVEREIGN500257.38EGYPT SOVEREIGN1580776.89EGYPT SOVEREIGN260521.68EGYPT SOVEREIGN1211809.51EGYPT SOVEREIGN289505.9EGYPT SOVEREIGN1043636.7EGYPT SOVEREIGN3228331.56EGYPT SOVEREIGN4431820.57EGYPT SOVEREIGN5643606.44EGYPT SOVEREIGN1582631.53EGYPT SOVEREIGN284032.01EGYPT SOVEREIGN7845019.55EGYPT SOVEREIGN365376EGYPT SOVEREIGN179462.49EGYPT SOVEREIGN1494705.42EGYPT SOVEREIGN1175353.91EGYPT SOVEREIGN3140287.86EGYPT SOVEREIGN5458430.53EGYPT SOVEREIGN5470816.43EGYPT SOVEREIGN872911.63EGYPT SOVEREIGN769968.14EGYPT SOVEREIGN344025.21EGYPT SOVEREIGN4705074.57EGYPT SOVEREIGN1472593.32EGYPT SOVEREIGN1718317.43EGYPT SOVEREIGN2550321.26EGYPT SOVEREIGN357790.92EGYPT SOVEREIGN4009300.14EGYPT SOVEREIGN521818.35EGYPT SOVEREIGN626492.16EGYPT SOVEREIGN6886984.8EGYPT SOVEREIGN5393439.22EGYPT SOVEREIGN129212.12EGYPT SOVEREIGN3182519.06EGYPT SOVEREIGN77527.27EGYPT SOVEREIGN212430.18EGYPT SOVEREIGN28983.43EGYPT SOVEREIGN343108.19EGYPT SOVEREIGN292868.84EGYPT SOVEREIGN2809784.11EGYPT SOVEREIGN160879.28EGYPT SOVEREIGN2672719.95EGYPT SOVEREIGN516050.19EGYPT SOVEREIGN1026332.14EGYPT SOVEREIGN525319.09EGYPT SOVEREIGN5347899.18EGYPT SOVEREIGN2044835.98EGYPT SOVEREIGN1737517.29EGYPT SOVEREIGN1797223.54EGYPT SOVEREIGN661354.16EGYPT SOVEREIGN1180071.78EGYPT SOVEREIGN61257.59EGYPT SOVEREIGN745120.81EGYPT SOVEREIGN234645.05EGYPT SOVEREIGN684978.46EGYPT SOVEREIGN2498075.52EGYPT SOVEREIGN979786.4EGYPT SOVEREIGN15395.26EGYPT SOVEREIGN905761.69EGYPT SOVEREIGN2153308.73EGYPT SOVEREIGN1450344.58EGYPT SOVEREIGN1512362.95EGYPT SOVEREIGN720094.22EGYPT SOVEREIGN1007471.09EGYPT SOVEREIGN3218558.35EGYPT SOVEREIGN2082296.42EGYPT SOVEREIGN342839.35EGYPT SOVEREIGN1132894.69EGYPT SOVEREIGN612798.74EGYPT SOVEREIGN657699.72EGYPT SOVEREIGN1858868.35EGYPT SOVEREIGN654582.9EGYPT SOVEREIGN284662.02EGYPT SOVEREIGN120009.28EGYPT SOVEREIGN57411.01EGYPT SOVEREIGN564443.67EGYPT SOVEREIGN673425.26EGYPT SOVEREIGN116560.33EGYPT SOVEREIGN817220.33EGYPT SOVEREIGNSTATESTATESTATESTATEProvision of an up to USD 200 million loan to the Suez Oil Processing Company (SOPC) to finance a package of energy efficiency investments and other refurbishments and installations at the Suez refinery. In particular, the Project will focus on the installation of a New Vapour Recovery Unit (VRU), the refurbishment of the old coker units and a number of energy efficiency investments identified to improve operational performance, environmental footprint and utilisation rate of the refurbishment of the old coker unit and a number of energy efficiency investments identified to improve operational performance, environmental footprint and utilisation rate of the refinery. Provision of an additional USD 50 million loan to SOPC to finance the implementation of a new Asphalt Unit at the refinery so as to complete its upgrade programme. The Project aims to alleviate some of SOPC's inefficiencies. It will enable SOPC to produce middle distillates in line with Euro 5 specifications, which have historically been imported thereby catering better for growing and shifting demand patterns in the country. Energy efficiency investments will lead to positive environmental benefits with greenhouse gas emissions savings estimated around 295 kt CO2 per year thereby enabling SOPC to optimize utilization rates and improve operational performance. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49454XI-IATI-EBRD-49268European Bank for Reconstruction and DevelopmentThe EBRD is providing a loan to the Office National de l'Assainissement ("ONAS") to cofinance an EUR 160 million programme to rehabilitate and upgrade the sanitation network in up to 35 small cities (less than 10,000 inhabitants) in Tunisia alongside the African Development Bank ("AfDB") and the Tunisian Government. This loan of up to EUR 66.5 million will benefit from a guarantee from the Republic of Tunisia. The Project is part of the Country's Strategic Plan "Tunisia 2016-20". The 35 small cities were identified as priority locations given their poor sanitation standards and the consequential health and hygiene risks to the communities and the harmful impact on the environment. EBRD's financing will be used to finance the construction of new wastewater treatment plants as well as an upgrade and rehabilitation of sanitation network systems. These investments will improve wastewater services to an estimated 157,000 inhabitants and will help alleviate soil contamination in the concerned areas. The success of the Project will be measured by the following benchmarks: i Total population benefiting from improved access to wastewater services. i Annual m3 of wastewater treated. Null ValueEuropean Bank for Reconstruction and DevelopmentNATIONAL SANITATION AGENCY OF TUNISIAN REPUBLICEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTUNIS36.81897 10.1657954726053.1475000000NATIONAL SANITATION AGENCY OF TUNISIAN REPUBLIC750000NATIONAL SANITATION AGENCY OF TUNISIAN REPUBLIC1795000NATIONAL SANITATION AGENCY OF TUNISIAN REPUBLIC1160021NATIONAL SANITATION AGENCY OF TUNISIAN REPUBLIC258988.33NATIONAL SANITATION AGENCY OF TUNISIAN REPUBLIC1527798NATIONAL SANITATION AGENCY OF TUNISIAN REPUBLIC207621.48NATIONAL SANITATION AGENCY OF TUNISIAN REPUBLIC12244.71NATIONAL SANITATION AGENCY OF TUNISIAN REPUBLIC32415.65NATIONAL SANITATION AGENCY OF TUNISIAN REPUBLIC130382.49NATIONAL SANITATION AGENCY OF TUNISIAN REPUBLIC267612.25NATIONAL SANITATION AGENCY OF TUNISIAN REPUBLIC94262.11NATIONAL SANITATION AGENCY OF TUNISIAN REPUBLIC169060.64NATIONAL SANITATION AGENCY OF TUNISIAN REPUBLIC2304281NATIONAL SANITATION AGENCY OF TUNISIAN REPUBLIC166705.38NATIONAL SANITATION AGENCY OF TUNISIAN REPUBLIC77357.22NATIONAL SANITATION AGENCY OF TUNISIAN REPUBLIC306651.82NATIONAL SANITATION AGENCY OF TUNISIAN REPUBLIC2000000NATIONAL SANITATION AGENCY OF TUNISIAN REPUBLIC310628.57NATIONAL SANITATION AGENCY OF TUNISIAN REPUBLIC724422.62NATIONAL SANITATION AGENCY OF TUNISIAN REPUBLIC174848.63NATIONAL SANITATION AGENCY OF TUNISIAN REPUBLIC158068.58NATIONAL SANITATION AGENCY OF TUNISIAN REPUBLIC2000000NATIONAL SANITATION AGENCY OF TUNISIAN REPUBLIC221166.96NATIONAL SANITATION AGENCY OF TUNISIAN REPUBLIC326504.99NATIONAL SANITATION AGENCY OF TUNISIAN REPUBLIC347164.7NATIONAL SANITATION AGENCY OF TUNISIAN REPUBLIC192150NATIONAL SANITATION AGENCY OF TUNISIAN REPUBLIC428427.45NATIONAL SANITATION AGENCY OF TUNISIAN REPUBLIC162231.07NATIONAL SANITATION AGENCY OF TUNISIAN REPUBLIC231515.46NATIONAL SANITATION AGENCY OF TUNISIAN REPUBLIC227493.8NATIONAL SANITATION AGENCY OF TUNISIAN REPUBLIC188321.98NATIONAL SANITATION AGENCY OF TUNISIAN REPUBLIC726035.07NATIONAL SANITATION AGENCY OF TUNISIAN REPUBLIC320809.02NATIONAL SANITATION AGENCY OF TUNISIAN REPUBLIC2000000NATIONAL SANITATION AGENCY OF TUNISIAN REPUBLIC273755.88NATIONAL SANITATION AGENCY OF TUNISIAN REPUBLICSTATESTATESTATESTATEThe EBRD is providing a loan to the Office National de l'Assainissement ("ONAS") to cofinance an EUR 160 million programme to rehabilitate and upgrade the sanitation network in up to 35 small cities (less than 10,000 inhabitants) in Tunisia alongside the African Development Bank ("AfDB") and the Tunisian Government. This loan of up to EUR 66.5 million will benefit from a guarantee from the Republic of Tunisia. The Project is part of the Country's Strategic Plan "Tunisia 2016-20". The 35 small cities were identified as priority locations given their poor sanitation standards and the consequential health and hygiene risks to the communities and the harmful impact on the environment. EBRD's financing will be used to finance the construction of new wastewater treatment plants as well as an upgrade and rehabilitation of sanitation network systems. These investments will improve wastewater services to an estimated 157,000 inhabitants and will help alleviate soil contamination in the concerned areas. The success of the Project will be measured by the following benchmarks: i Total population benefiting from improved access to wastewater services. i Annual m3 of wastewater treated. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49268XI-IATI-EBRD-54971European Bank for Reconstruction and DevelopmentThe provision of a senior synthetic KGS loan of up to US$ 4 million to FINCA Bank under the Kyrgyz Republic GEFF (KyrSEFF III ). The proceeds will be on-lent to sub-borrowers for energy efficiency, renewable energy, circular economy, and climate resilience investments. The project will further strengthen MSE competitiveness, improve climate resilience and promote the financial sector development in particular through local currency lending. The transaction will contribute towards building a more competitive financial sector through developing the internal capacity of FBK for financing energy and water efficiency projects. This will be achieved through a technical assistance aimed at providing implementation support to FBK and their customers, verification of the outcomes, and investment incentives to end borrowers. Sub-projects are selected according to technical and financial eligibility criteria set forth in the policy statement for KyrSEFF III. 100 per cent of the proceeds will be used for Green Economy Transition investments.European Bank for Reconstruction and DevelopmentFINCA BANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBISHKEK42.87 74.591747666.17FINCA BANK CJSCPRIVATEPRIVATEPRIVATEThe provision of a senior synthetic KGS loan of up to US$ 4 million to FINCA Bank under the Kyrgyz Republic GEFF (KyrSEFF III ). The proceeds will be on-lent to sub-borrowers for energy efficiency, renewable energy, circular economy, and climate resilience investments. The project will further strengthen MSE competitiveness, improve climate resilience and promote the financial sector development in particular through local currency lending. The transaction will contribute towards building a more competitive financial sector through developing the internal capacity of FBK for financing energy and water efficiency projects. This will be achieved through a technical assistance aimed at providing implementation support to FBK and their customers, verification of the outcomes, and investment incentives to end borrowers. Sub-projects are selected according to technical and financial eligibility criteria set forth in the policy statement for KyrSEFF III. 100 per cent of the proceeds will be used for Green Economy Transition investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54971XI-IATI-EBRD-51413European Bank for Reconstruction and DevelopmentThe provision of a senior loan of up to US$ 2 million equivalent in the local currency (MSME loan) in favour of the Joint Stock Commercial Bank "Universal Bank" to support private micro, small and medium-sized enterprises (MSMEs) in Uzbekistan. The loan will be accompanied by Technical Cooperation funds. The MSME loan will allow Universal Bank to diversify its funding base and expand lending to private MSMEs with a focus on attracting new clients and reaching borrowers located outside the capital city of Tashkent.European Bank for Reconstruction and DevelopmentUNIVERSAL BANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKOKAND70.9425 40.528611761505.39UNIVERSAL BANK JSCPRIVATEPRIVATEPRIVATEThe provision of a senior loan of up to US$ 2 million equivalent in the local currency (MSME loan) in favour of the Joint Stock Commercial Bank "Universal Bank" to support private micro, small and medium-sized enterprises (MSMEs) in Uzbekistan. The loan will be accompanied by Technical Cooperation funds. The MSME loan will allow Universal Bank to diversify its funding base and expand lending to private MSMEs with a focus on attracting new clients and reaching borrowers located outside the capital city of Tashkent. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51413XI-IATI-EBRD-53443European Bank for Reconstruction and DevelopmentThe provision of a 3-year senior loan in the amount of up to US$ 25 million (in US dollar or Kazakhstan tenge equivalent) to Microfinance Organisation KMF ("MFO KMF") under FIF (OpId 42474). The financing will be used for on-lending to eligible private micro, small and medium enterprises (MSMEs) in Kazakhstan. The Project continues to support local currency lending to the MSME sector in Kazakhstan by providing medium-term financing to MFO KMF. A special focus will be given to the distribution of funds to women-led MSMEs and in the regions outside the cities of Nur-Sultan and Almaty.European Bank for Reconstruction and DevelopmentKMF BANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGALMATY43.25667 76.9286120798851.49KMF BANK JSCPRIVATEPRIVATEPRIVATEThe provision of a 3-year senior loan in the amount of up to US$ 25 million (in US dollar or Kazakhstan tenge equivalent) to Microfinance Organisation KMF ("MFO KMF") under FIF (OpId 42474). The financing will be used for on-lending to eligible private micro, small and medium enterprises (MSMEs) in Kazakhstan. The Project continues to support local currency lending to the MSME sector in Kazakhstan by providing medium-term financing to MFO KMF. A special focus will be given to the distribution of funds to women-led MSMEs and in the regions outside the cities of Nur-Sultan and Almaty. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53443XI-IATI-EBRD-50879European Bank for Reconstruction and DevelopmentProvision of two loans of up to US$70 million, in aggregate, to FE Indorama Agro LLC to support its capital expenditure and working capital needs. The project will support a significant private sector investment into the cotton farming sector in Uzbekistan. It will promote mechanised cotton harvesting and bring significant environmental and operational improvements including: (i) land levelling and alternative irrigation systems to optimise water use; (ii) effective application of fertilisers; (iii) upgrades of water delivery and melioration systems; amd (iv) improved crops stock management.European Bank for Reconstruction and DevelopmentFE INDORAMA AGRO LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.2162752525606.24FE INDORAMA AGRO LLCPRIVATEPRIVATEPRIVATEProvision of two loans of up to US$70 million, in aggregate, to FE Indorama Agro LLC to support its capital expenditure and working capital needs. The project will support a significant private sector investment into the cotton farming sector in Uzbekistan. It will promote mechanised cotton harvesting and bring significant environmental and operational improvements including: (i) land levelling and alternative irrigation systems to optimise water use; (ii) effective application of fertilisers; (iii) upgrades of water delivery and melioration systems; amd (iv) improved crops stock management. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50879XI-IATI-EBRD-54633European Bank for Reconstruction and DevelopmentThe provision of a senior secured working capital loan of up to € 3.0 mln to Khanburgedei LLC, a retailer and distributor of apparel, footwear, accessories, cosmetics and household goods in Mongolia. The Project will support the Borrower's store expansion by financing its additional working capital needs to build up inventory to accommodate growing demand.European Bank for Reconstruction and DevelopmentKHANBURGEDEI LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGULAANBAATAR47.90771 106.883243000000KHANBURGEDEI LLCPRIVATEPRIVATEPRIVATEThe provision of a senior secured working capital loan of up to € 3.0 mln to Khanburgedei LLC, a retailer and distributor of apparel, footwear, accessories, cosmetics and household goods in Mongolia. The Project will support the Borrower's store expansion by financing its additional working capital needs to build up inventory to accommodate growing demand. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54633XI-IATI-EBRD-54551European Bank for Reconstruction and DevelopmentThe provision of a long-term, senior loan up to USD 81.2 million, for the development, design, construction and operation of a 500MW solar photovoltaic power plant and 668 MWh battery energy storage system (BESS) located in the Samarkand and Bukhara regions, respectively, in Uzbekistan in addition to the interconnection facilities (the "Project"). ACWA Power Sazagan Solar 2 FE LLC, a special purpose vehicle established in Uzbekistan, will act as the borrower. ACWA Power will act as the sponsor for the Project. Sumitomo Corporation, Shikoku Electric Power Company and Chubu Electric Company will be co-sponsors. The Project will add 500 MW of solar generation capacity and 668 MWh of BESS to the power system of Uzbekistan. The Project will help to improve reliability of intermittent solar power generation in Uzbekistan by introducing battery storage. The Project is among the largest in Central Asia. Successful implementation of the Project will pave the way for broader implementation of renewable projects as BESS helps mitigate intermittence constraints of renewables' capacity.European Bank for Reconstruction and DevelopmentACWA POWER SAZAGAN SOLAR 2 FE LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSAMARKAND39.65417 66.9597271068053.0571068053.05ACWA POWER SAZAGAN SOLAR 2 FE LLCPRIVATEPRIVATEPRIVATEThe provision of a long-term, senior loan up to USD 81.2 million, for the development, design, construction and operation of a 500MW solar photovoltaic power plant and 668 MWh battery energy storage system (BESS) located in the Samarkand and Bukhara regions, respectively, in Uzbekistan in addition to the interconnection facilities (the "Project"). ACWA Power Sazagan Solar 2 FE LLC, a special purpose vehicle established in Uzbekistan, will act as the borrower. ACWA Power will act as the sponsor for the Project. Sumitomo Corporation, Shikoku Electric Power Company and Chubu Electric Company will be co-sponsors. The Project will add 500 MW of solar generation capacity and 668 MWh of BESS to the power system of Uzbekistan. The Project will help to improve reliability of intermittent solar power generation in Uzbekistan by introducing battery storage. The Project is among the largest in Central Asia. Successful implementation of the Project will pave the way for broader implementation of renewable projects as BESS helps mitigate intermittence constraints of renewables' capacity. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54551XI-IATI-EBRD-56048European Bank for Reconstruction and DevelopmentThe provision of a senior secured loan of MNT 26.25 billion (around € 6.96 million) to MSM Group. The proceeds of the loan will finance the construction of a storage facility, logistics centre, workshop and showroom in the south of Mongolia and the working capital needs of the company. The project will allow the company to improve its operational efficiency. Null ValueEuropean Bank for Reconstruction and DevelopmentMSM GROUP LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGULAANBAATAR47.90771 106.883246418981.27MSM GROUP LLCPRIVATEPRIVATEPRIVATEThe provision of a senior secured loan of MNT 26.25 billion (around € 6.96 million) to MSM Group. The proceeds of the loan will finance the construction of a storage facility, logistics centre, workshop and showroom in the south of Mongolia and the working capital needs of the company. The project will allow the company to improve its operational efficiency. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56048XI-IATI-EBRD-53239European Bank for Reconstruction and DevelopmentThe Loan will be used to finance the Priority Investment Programme consisting of the Wastewater Treatment Plant ("WWTP") capacity extension from 150,000 m3/day to 200,000 m3/day and the wastewater network rehabilitation (the "Project"). The Project is expected to be a 'trigger' investment for the City under the Green Cities Framework 2 i Window II ("GrCF2 W2"). The Project will further improve the company's wastewater treatment services via the expansion of its WWTP capacity and the service area, a reduction in accidents and breakdowns in the wastewater network, and manage the increasing volume of wastewater.European Bank for Reconstruction and DevelopmentVODNYE RESURSY-MARKETING TOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSHYMKENT42.3 69.611764056.28VODNYE RESURSY-MARKETING TOOPRIVATEPRIVATEPRIVATEThe Loan will be used to finance the Priority Investment Programme consisting of the Wastewater Treatment Plant ("WWTP") capacity extension from 150,000 m3/day to 200,000 m3/day and the wastewater network rehabilitation (the "Project"). The Project is expected to be a 'trigger' investment for the City under the Green Cities Framework 2 i Window II ("GrCF2 W2"). The Project will further improve the company's wastewater treatment services via the expansion of its WWTP capacity and the service area, a reduction in accidents and breakdowns in the wastewater network, and manage the increasing volume of wastewater. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53239XI-IATI-EBRD-57454European Bank for Reconstruction and DevelopmentA Resilience and Livelihoods Guarantee ("RLG") in the form of an unfunded risk-sharing instrument (the "Facility") partly covering the credit risk of new sub-loans with a total value of up to EUR 825 million equivalent (the "Covered Portfolio") to be originated by JSC Commercial Bank "PrivatBank" ("Privat", the "PFI") in Ukraine. The Facility will include two sub-limits with the Covered Portfolio of: (i) up to EUR 692 million under the Resilience and Livelihoods Framework ("RLF"), and (ii) up to EUR 133 million under the EU4Business-EBRD Credit Line with Incentives (assigned with a separate EBRD project number 57455). The Facility will be delivered in three tranches, with Tranche A committed upon signing of the Facility and Tranche B and C being uncommitted. Under the RLF, sub-loans will finance broad working capital and investment needs of Ukrainian private businesses operating in key sectors supporting the livelihoods of Ukrainian businesses. Under the EU4Business-EBRD Credit Line with Incentives, sub-loans will finance long-term investments of micro, small and medium-sized enterprises ("MSMEs"). This will enable financing of long-term capital investments of MSMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of the sub-limit), thereby enhancing their competitiveness. Eligible sub-borrowers will also receive technical assistance funded by the EU and donor-funded grant support in the form of investment incentives upon the completion of their investment projects. Priority support will be given to targeted and vulnerable categories of sub-borrowers, including, among others, MSMEs that incurred war-related asset destruction or damage, veteran-led businesses, enterprises supporting the reintegration of internally displaced persons and persons with disabilities, as well as women-led and youth-led businesses. The Facility will be used to support lending to Ukrainian private companies operating in the primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in Ukraine.European Bank for Reconstruction and DevelopmentPRIVATBANK CB JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGDNIPRO48.4593 35.038656000000060000000PRIVATBANK CB JSCPRIVATEPRIVATEPRIVATEA Resilience and Livelihoods Guarantee ("RLG") in the form of an unfunded risk-sharing instrument (the "Facility") partly covering the credit risk of new sub-loans with a total value of up to EUR 825 million equivalent (the "Covered Portfolio") to be originated by JSC Commercial Bank "PrivatBank" ("Privat", the "PFI") in Ukraine. The Facility will include two sub-limits with the Covered Portfolio of: (i) up to EUR 692 million under the Resilience and Livelihoods Framework ("RLF"), and (ii) up to EUR 133 million under the EU4Business-EBRD Credit Line with Incentives (assigned with a separate EBRD project number 57455). The Facility will be delivered in three tranches, with Tranche A committed upon signing of the Facility and Tranche B and C being uncommitted. Under the RLF, sub-loans will finance broad working capital and investment needs of Ukrainian private businesses operating in key sectors supporting the livelihoods of Ukrainian businesses. Under the EU4Business-EBRD Credit Line with Incentives, sub-loans will finance long-term investments of micro, small and medium-sized enterprises ("MSMEs"). This will enable financing of long-term capital investments of MSMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of the sub-limit), thereby enhancing their competitiveness. Eligible sub-borrowers will also receive technical assistance funded by the EU and donor-funded grant support in the form of investment incentives upon the completion of their investment projects. Priority support will be given to targeted and vulnerable categories of sub-borrowers, including, among others, MSMEs that incurred war-related asset destruction or damage, veteran-led businesses, enterprises supporting the reintegration of internally displaced persons and persons with disabilities, as well as women-led and youth-led businesses. The Facility will be used to support lending to Ukrainian private companies operating in the primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57454XI-IATI-EBRD-48132European Bank for Reconstruction and DevelopmentThe Project is linked to a comprehensive program of reforms of KESH and the Albanian energy sector in general which should significantly improve sector management and operational efficiency. The loan proceeds themselves will be used to refinance and lengthen the tenors of short term sovereign guaranteed overdrafts which KESH has entered into with commercial banks on an emergency basis and require annual reapproval, perpetuating a liquidity crisis as well as uncertainty and instability. The loans were necessary to alleviate critical cash shortages created by hydrology conditions and sector organization. As the reform package is implemented, sector and KESH performance should improve overall. The general objective is the reform and restructuring of KESH and the Albanian energy sector to achieve long term sustainability which has been lacking. The EBRD investment is expected to support a program of reform which aims to include KESH's corporate governance, market practices and regional trade. The refinancing of the balance sheet to lengthen tenors will give KESH greater control over its financial situation, relieving it of continuing urgent liquidity concerns.European Bank for Reconstruction and DevelopmentKORPORATA ELEKTROENERGJETIKE SHQIPTARE SHAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTIRANA41.3275 19.81889218000000KORPORATA ELEKTROENERGJETIKE SHQIPTARE SHA1180000KORPORATA ELEKTROENERGJETIKE SHQIPTARE SHA116219257.35KORPORATA ELEKTROENERGJETIKE SHQIPTARE SHA600742.65KORPORATA ELEKTROENERGJETIKE SHQIPTARE SHA50000000KORPORATA ELEKTROENERGJETIKE SHQIPTARE SHA39740094.44KORPORATA ELEKTROENERGJETIKE SHQIPTARE SHASTATESTATESTATESTATEThe Project is linked to a comprehensive program of reforms of KESH and the Albanian energy sector in general which should significantly improve sector management and operational efficiency. The loan proceeds themselves will be used to refinance and lengthen the tenors of short term sovereign guaranteed overdrafts which KESH has entered into with commercial banks on an emergency basis and require annual reapproval, perpetuating a liquidity crisis as well as uncertainty and instability. The loans were necessary to alleviate critical cash shortages created by hydrology conditions and sector organization. As the reform package is implemented, sector and KESH performance should improve overall. The general objective is the reform and restructuring of KESH and the Albanian energy sector to achieve long term sustainability which has been lacking. The EBRD investment is expected to support a program of reform which aims to include KESH's corporate governance, market practices and regional trade. The refinancing of the balance sheet to lengthen tenors will give KESH greater control over its financial situation, relieving it of continuing urgent liquidity concerns. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48132XI-IATI-EBRD-54306European Bank for Reconstruction and DevelopmentThe provision of a senior loan of up to US$ 8 million (€ 7.5 million) in KZT equivalent, as determined at the time of disbursement, to Shinhan Bank Kazakhstan ("SBK") - a mid-sized Kazakhstan bank 100 per cent owned by Shinhan Bank Co. Ltd., South Korea (Parent bank). The loan will be provided in two equal tranches under the Youth in Business Programme for Central Asia (YiB CA, "the programme"), which will be rolled into a blended finance programme under the Financial intermediaries Framework ("FIF"). The loan will be fully guaranteed by the Parent bank. Null ValueEuropean Bank for Reconstruction and DevelopmentSHINHAN BANK KAZAKHSTAN JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGALMATY43.25667 76.928613264978.08SHINHAN BANK KAZAKHSTAN JSCPRIVATEPRIVATEPRIVATEThe provision of a senior loan of up to US$ 8 million (€ 7.5 million) in KZT equivalent, as determined at the time of disbursement, to Shinhan Bank Kazakhstan ("SBK") - a mid-sized Kazakhstan bank 100 per cent owned by Shinhan Bank Co. Ltd., South Korea (Parent bank). The loan will be provided in two equal tranches under the Youth in Business Programme for Central Asia (YiB CA, "the programme"), which will be rolled into a blended finance programme under the Financial intermediaries Framework ("FIF"). The loan will be fully guaranteed by the Parent bank. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54306XI-IATI-EBRD-53201European Bank for Reconstruction and DevelopmentThe provision of a senior loan of up to €5m to Raiffeisen Bank dd BiH for on-lending to local SMEs through the Western Balkans SME Competitiveness Support Programme. The project will provide sub-loans to finance investments in SMEs in Bosnia and Herzegovina that will assist in improving the competitiveness and compliance with technical standards in line with the EU legislation. At least 60 per cent of the use of proceeds will be green (GET) investments.European Bank for Reconstruction and DevelopmentRAIFFEISEN BANK DD BOSNIA AND HERZEGOVINAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.356445000000RAIFFEISEN BANK DD BOSNIA AND HERZEGOVINAPRIVATEPRIVATEPRIVATEThe provision of a senior loan of up to €5m to Raiffeisen Bank dd BiH for on-lending to local SMEs through the Western Balkans SME Competitiveness Support Programme. The project will provide sub-loans to finance investments in SMEs in Bosnia and Herzegovina that will assist in improving the competitiveness and compliance with technical standards in line with the EU legislation. At least 60 per cent of the use of proceeds will be green (GET) investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53201XI-IATI-EBRD-51436European Bank for Reconstruction and DevelopmentProvision of a sovereign loan of up to EUR 7.5 million to the Republic of Tajikistan. The loan will be on-lent to the state enterprise Kulob Water and Wastewater Services, wholly owned by the state unitary enterprise Khojagii Manziliyu Kommunali. The sovereign loan will have two tranches: Tranche I (committed) of up to EUR 3 million to finance the rehabilitation of the water network and pump stations, and Tranche II (uncommitted) of up to EUR 4.5 million to finance the rehabilitation and modernisation of the wastewater treatment plant. Tranche I will be co-financed by a capital grant of up to EUR 3 million, Tranche II will be co-financed by a capital grant of up to EUR 4.5 million. Both grants are to be sourced from an international donor or the EBRD Shareholder Special Fund (the "SSF") The project will improve water supply and wastewater services in the city of Kulob.European Bank for Reconstruction and DevelopmentTAJIKISTAN SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGDUSHANBE38.53575 68.779051285404.739000000TAJIKISTAN SOVEREIGN30000TAJIKISTAN SOVEREIGN256995.36TAJIKISTAN SOVEREIGN185190TAJIKISTAN SOVEREIGN35700TAJIKISTAN SOVEREIGN85400TAJIKISTAN SOVEREIGN38000TAJIKISTAN SOVEREIGN128600TAJIKISTAN SOVEREIGN108400TAJIKISTAN SOVEREIGN85000TAJIKISTAN SOVEREIGN85000TAJIKISTAN SOVEREIGN1222720.65TAJIKISTAN SOVEREIGN173499.44TAJIKISTAN SOVEREIGN167556.95TAJIKISTAN SOVEREIGN141963.46TAJIKISTAN SOVEREIGN67392.98TAJIKISTAN SOVEREIGN349198.94TAJIKISTAN SOVEREIGN96217.58TAJIKISTAN SOVEREIGN79245.7TAJIKISTAN SOVEREIGN1675891.39TAJIKISTAN SOVEREIGN174588.26TAJIKISTAN SOVEREIGN118948.78TAJIKISTAN SOVEREIGN142313.35TAJIKISTAN SOVEREIGN293417.03TAJIKISTAN SOVEREIGN53854.87TAJIKISTAN SOVEREIGN507963.28TAJIKISTAN SOVEREIGN212726.38TAJIKISTAN SOVEREIGN418527.78TAJIKISTAN SOVEREIGN160852.95TAJIKISTAN SOVEREIGN227511.25TAJIKISTAN SOVEREIGN132323.73TAJIKISTAN SOVEREIGN15000TAJIKISTAN SOVEREIGN44999.89TAJIKISTAN SOVEREIGN199595.27TAJIKISTAN SOVEREIGNSTATESTATESTATESTATEProvision of a sovereign loan of up to EUR 7.5 million to the Republic of Tajikistan. The loan will be on-lent to the state enterprise Kulob Water and Wastewater Services, wholly owned by the state unitary enterprise Khojagii Manziliyu Kommunali. The sovereign loan will have two tranches: Tranche I (committed) of up to EUR 3 million to finance the rehabilitation of the water network and pump stations, and Tranche II (uncommitted) of up to EUR 4.5 million to finance the rehabilitation and modernisation of the wastewater treatment plant. Tranche I will be co-financed by a capital grant of up to EUR 3 million, Tranche II will be co-financed by a capital grant of up to EUR 4.5 million. Both grants are to be sourced from an international donor or the EBRD Shareholder Special Fund (the "SSF") The project will improve water supply and wastewater services in the city of Kulob. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51436XI-IATI-EBRD-57149European Bank for Reconstruction and DevelopmentThe provision of a senior secured loan of up to US$ 50 million in US$ or KZT equivalent to Bank CenterCredit JSC (BCC) (GEFF loan) under the EBRD Green Economy Financing Facility Kazakhstan II (KazGEFF II). The financing will be used for on-lending to eligible private sub-borrowers in Kazakhstan for the Green Economy Transition (GET) investments. The GEFF loan will be provided in two equal tranches, of which the second will be uncommitted. The project will allow BCC to support local currency lending to eligible private sub-borrowers for investments in climate change mitigation and adaptation technologies. The project aims to scale up FI-intermediated green lending in Kazakhstan; and further improve BCC' skills in identifying and assessing a wide range of green investment opportunities.European Bank for Reconstruction and DevelopmentBANK CENTERCREDIT JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGALMATY43.25667 76.9286121333663.59BANK CENTERCREDIT JSCPRIVATEPRIVATEPRIVATEThe provision of a senior secured loan of up to US$ 50 million in US$ or KZT equivalent to Bank CenterCredit JSC (BCC) (GEFF loan) under the EBRD Green Economy Financing Facility Kazakhstan II (KazGEFF II). The financing will be used for on-lending to eligible private sub-borrowers in Kazakhstan for the Green Economy Transition (GET) investments. The GEFF loan will be provided in two equal tranches, of which the second will be uncommitted. The project will allow BCC to support local currency lending to eligible private sub-borrowers for investments in climate change mitigation and adaptation technologies. The project aims to scale up FI-intermediated green lending in Kazakhstan; and further improve BCC' skills in identifying and assessing a wide range of green investment opportunities. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57149XI-IATI-EBRD-56681European Bank for Reconstruction and DevelopmentRG Brands Kyrgyzstan LLC is a subsidiary of RG Brands group of companies, which is the leading regional beverage producer, incorporated in Kazakhstan. The transaction envisages the provision of a long-term secured loan of up to € 4 million to RG Brands Kyrgyzstan LLC. The loan proceeds will be utilised to (i) finance capital expenditure programme, including green capital expenditure and (ii) finance working capital needs.European Bank for Reconstruction and DevelopmentRG BRANDS KYRGYZSTAN LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBISHKEK42.87 74.594076863.97RG BRANDS KYRGYZSTAN LLCPRIVATEPRIVATEPRIVATERG Brands Kyrgyzstan LLC is a subsidiary of RG Brands group of companies, which is the leading regional beverage producer, incorporated in Kazakhstan. The transaction envisages the provision of a long-term secured loan of up to € 4 million to RG Brands Kyrgyzstan LLC. The loan proceeds will be utilised to (i) finance capital expenditure programme, including green capital expenditure and (ii) finance working capital needs. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56681XI-IATI-EBRD-55263European Bank for Reconstruction and DevelopmentProvision of a sovereign loan of up to EUR 50 million to the Republic of Serbia ("RoS"), represented by the Ministry of Finance ("MoF") to finance decommissioning of environmentally harmful boiler houses in up to 10 local self-governments ("LSGs") in Serbia as well as investments into sustainable heat sources (including heat pumps, solar thermal, biomass and photovoltaics ('PV') panels) (the "Project"). The Project will be implemented by the Ministry of Environmental Protection of Serbia ("MEP") whereas the beneficiaries will be various public entities located across Serbia. The EBRD loan will also facilitate connection to the district heating network where possible, energy rehabilitation of the building envelope and installation of thermostatic valves in order to decrease the demand for energy, and preparation of the technical documentation for subsequent phases of the Project. * Significant reduction of CO2 emissions across Serbia (Climate Change Mitigation); * Reduction of the share of imported energy sources (Security of Supply); * Reduction of the total energy costs for public users (Affordability); * Decarbonisation of the buildings sector in Serbia and improvement of the sustainability and overall comfort level of public buildings across the country.European Bank for Reconstruction and DevelopmentSERBIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.465135000000050000000SERBIA SOVEREIGNSTATESTATESTATESTATEProvision of a sovereign loan of up to EUR 50 million to the Republic of Serbia ("RoS"), represented by the Ministry of Finance ("MoF") to finance decommissioning of environmentally harmful boiler houses in up to 10 local self-governments ("LSGs") in Serbia as well as investments into sustainable heat sources (including heat pumps, solar thermal, biomass and photovoltaics ('PV') panels) (the "Project"). The Project will be implemented by the Ministry of Environmental Protection of Serbia ("MEP") whereas the beneficiaries will be various public entities located across Serbia. The EBRD loan will also facilitate connection to the district heating network where possible, energy rehabilitation of the building envelope and installation of thermostatic valves in order to decrease the demand for energy, and preparation of the technical documentation for subsequent phases of the Project. * Significant reduction of CO2 emissions across Serbia (Climate Change Mitigation); * Reduction of the share of imported energy sources (Security of Supply); * Reduction of the total energy costs for public users (Affordability); * Decarbonisation of the buildings sector in Serbia and improvement of the sustainability and overall comfort level of public buildings across the country. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55263XI-IATI-EBRD-50569European Bank for Reconstruction and DevelopmentThe provision of a senior loan of up to KZT 10,847 million (US$ 25.28 million equivalent) to Zhanatas Wind-Power Station LLP for the construction and operation of a 100 MW wind farm, including 8.6 km 110kV single circuit line connecting to the existing Opornaya substation, in the Zhambyl region of south Kazakhstan. The Project will be one of the first transactions under the Bank's Kazakhstan Renewables Framework Programme Phase II (Framework) which will continue to focus on policy dialogue activities with the Government to improve the regulatory and legislative environment for renewables generation and include initiatives to promote access to employment and entrepreneurship opportunities for women in the sector.European Bank for Reconstruction and DevelopmentZHANATAS WIND-POWER STATION LLPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGZHANATAS43.56222 69.7342819631898.73ZHANATAS WIND-POWER STATION LLPPRIVATEPRIVATEPRIVATEThe provision of a senior loan of up to KZT 10,847 million (US$ 25.28 million equivalent) to Zhanatas Wind-Power Station LLP for the construction and operation of a 100 MW wind farm, including 8.6 km 110kV single circuit line connecting to the existing Opornaya substation, in the Zhambyl region of south Kazakhstan. The Project will be one of the first transactions under the Bank's Kazakhstan Renewables Framework Programme Phase II (Framework) which will continue to focus on policy dialogue activities with the Government to improve the regulatory and legislative environment for renewables generation and include initiatives to promote access to employment and entrepreneurship opportunities for women in the sector. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50569XI-IATI-EBRD-51598European Bank for Reconstruction and DevelopmentThe provision ofa sovereign loan of up to € 25.0 million to the Kyrgyz Republic to be on-lent to the City of Bishkek for the benefit of Bishkekskoe Passazhirskoe Avtotransportnoe Predpriyatie (BPATP). The project includes financing the rehabilitation of a bus depot and a purchase of urban buses that run on compressed natural gas ("CNG"). The Project will provide Bishkek with a new bus fleet that will improve the reliability and quality of public transport services, improve air quality and reduce GHG emissions by replacing the existing outdated diesel buses with lower emission CNG buses. The Project will allow the BPATP to renovate the depot, significantly expand its operational fleet, resume service on all of its abandoned routes and start servicing new routes in recently developed city areas. It will also stimulate modal shift from private cars back to public transport. The institutional capacity of BPATP will be increased, through the corporate development programme envisaged within the Project. The Project will also contribute to the City administration's effort to fight the Covid-19 pandemic through the replacement of minibuses on City routes with long buses and additional measures through the following ways: (i) better social distancing; (ii) reduction of passengers' contact with drivers; (iii) new buses will allow for suitable hygiene measures to be implemented, notably regular disinfection; and (iv) technical support to prepare BPATP's procedures for preventing the spread of the Covid-19 and alike illnesses.European Bank for Reconstruction and DevelopmentKYRGYZ REPUBLIC SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBISHKEK42.87 74.591404400.1425000000KYRGYZ REPUBLIC SOVEREIGN160000KYRGYZ REPUBLIC SOVEREIGN1594584.19KYRGYZ REPUBLIC SOVEREIGN1409520KYRGYZ REPUBLIC SOVEREIGN3245639.46KYRGYZ REPUBLIC SOVEREIGN1390988.34KYRGYZ REPUBLIC SOVEREIGN3223543.71KYRGYZ REPUBLIC SOVEREIGN482298.31KYRGYZ REPUBLIC SOVEREIGN90000KYRGYZ REPUBLIC SOVEREIGN1199902.6KYRGYZ REPUBLIC SOVEREIGN9599220.68KYRGYZ REPUBLIC SOVEREIGN1199902.57KYRGYZ REPUBLIC SOVEREIGNSTATESTATESTATESTATEThe provision ofa sovereign loan of up to € 25.0 million to the Kyrgyz Republic to be on-lent to the City of Bishkek for the benefit of Bishkekskoe Passazhirskoe Avtotransportnoe Predpriyatie (BPATP). The project includes financing the rehabilitation of a bus depot and a purchase of urban buses that run on compressed natural gas ("CNG"). The Project will provide Bishkek with a new bus fleet that will improve the reliability and quality of public transport services, improve air quality and reduce GHG emissions by replacing the existing outdated diesel buses with lower emission CNG buses. The Project will allow the BPATP to renovate the depot, significantly expand its operational fleet, resume service on all of its abandoned routes and start servicing new routes in recently developed city areas. It will also stimulate modal shift from private cars back to public transport. The institutional capacity of BPATP will be increased, through the corporate development programme envisaged within the Project. The Project will also contribute to the City administration's effort to fight the Covid-19 pandemic through the replacement of minibuses on City routes with long buses and additional measures through the following ways: (i) better social distancing; (ii) reduction of passengers' contact with drivers; (iii) new buses will allow for suitable hygiene measures to be implemented, notably regular disinfection; and (iv) technical support to prepare BPATP's procedures for preventing the spread of the Covid-19 and alike illnesses. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51598XI-IATI-EBRD-53255European Bank for Reconstruction and DevelopmentProvision of a senior loan under the Financial Intermediaries Framework ("FIF"), in the total amount of up to USD 5 million equivalent to be disbursed in local currency (LCY) in two equal tranches of USD 2.5 million each, with the second tranche to be provided on an uncommitted basis. Null ValueEuropean Bank for Reconstruction and DevelopmentINVESCORE NBFI JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGULAANBAATAR47.90771 106.883244174318.54INVESCORE NBFI JSCPRIVATEPRIVATEPRIVATEProvision of a senior loan under the Financial Intermediaries Framework ("FIF"), in the total amount of up to USD 5 million equivalent to be disbursed in local currency (LCY) in two equal tranches of USD 2.5 million each, with the second tranche to be provided on an uncommitted basis. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53255XI-IATI-EBRD-50906European Bank for Reconstruction and DevelopmentA senior loan in the amount of EUR 12 million, 8 years tenor, 1 year grace period, fully amortizing loan, to finance up to 70.5% of the cost of a logistic centre to be located near Bucharest. The loan will finance and/or refinance the construction of a greenfield logistic centre with a total foot print area of approximately 37,144 sqm, located in Dragomiresti Vale. The implementation of the project will lead to significant operational efficiencies (replacing part of the existing rented warehouses) and will support expansion of the business, especially on the online segment. The borrower will cover minimum of 29.5% of the investment project budget from its own funds.European Bank for Reconstruction and DevelopmentALTEX ROMANIA SRLEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGVOLUNTARI26.18439 44.4902312000000ALTEX ROMANIA SRLPRIVATEPRIVATEPRIVATEA senior loan in the amount of EUR 12 million, 8 years tenor, 1 year grace period, fully amortizing loan, to finance up to 70.5% of the cost of a logistic centre to be located near Bucharest. The loan will finance and/or refinance the construction of a greenfield logistic centre with a total foot print area of approximately 37,144 sqm, located in Dragomiresti Vale. The implementation of the project will lead to significant operational efficiencies (replacing part of the existing rented warehouses) and will support expansion of the business, especially on the online segment. The borrower will cover minimum of 29.5% of the investment project budget from its own funds. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50906XI-IATI-EBRD-56240European Bank for Reconstruction and DevelopmentThe provision of an unsecured senior loan of up to US$ 25 million in the local currency equivalent or US$ to Uzpromstroybank JSCB (UzPSB). The loan will be provided in two equal tranches of up to US$ 12.5 million each, the second tranche will be uncommitted. The loan will be provided under the Youth in Business Financing Programme for Central Asia (YiBP CA), rolled into a blended finance programme under the Financial Intermediaries Framework ("FIF"). The aim of the loan is to (i) launch a new financial product targeting the youth segment thus expanding UzPSB's product offering. The new product will encompass both financing and non-financial services (NFS) targeted at young entrepreneurs, which will increase their access to finance and skills in the economy; (ii) diversify UzPSB's funding base.European Bank for Reconstruction and DevelopmentUZBEK INDUSTRIAL AND CONSTRUCTION BANK JSCB (UZPROMSTROYBANK)European Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.2162721782309.98UZBEK INDUSTRIAL AND CONSTRUCTION BANK JSCB (UZPROMSTROYBANK)PRIVATEPRIVATEPRIVATEThe provision of an unsecured senior loan of up to US$ 25 million in the local currency equivalent or US$ to Uzpromstroybank JSCB (UzPSB). The loan will be provided in two equal tranches of up to US$ 12.5 million each, the second tranche will be uncommitted. The loan will be provided under the Youth in Business Financing Programme for Central Asia (YiBP CA), rolled into a blended finance programme under the Financial Intermediaries Framework ("FIF"). The aim of the loan is to (i) launch a new financial product targeting the youth segment thus expanding UzPSB's product offering. The new product will encompass both financing and non-financial services (NFS) targeted at young entrepreneurs, which will increase their access to finance and skills in the economy; (ii) diversify UzPSB's funding base. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56240XI-IATI-EBRD-54730European Bank for Reconstruction and DevelopmentA senior loan of $10 million equivalent to TBC Bank Uzbekistan to be provided in synthetic UZS and to be used for on-lending as microloans for business purposes in Uzbekistan. The proceeds of the loan will help TBC Bank Uzbekistan to continue supporting eligible micro businesses in Uzbekistan. At least 40 per cent of the EBRD loan is expected to be on-lent to women. At least 65 per cent of the EBRD loan is expected to be on-lent to youth-led/owned businesses.European Bank for Reconstruction and DevelopmentTBC BANK UZBEKISTANEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.2162713092202.72TBC BANK UZBEKISTANPRIVATEPRIVATEPRIVATEA senior loan of $10 million equivalent to TBC Bank Uzbekistan to be provided in synthetic UZS and to be used for on-lending as microloans for business purposes in Uzbekistan. The proceeds of the loan will help TBC Bank Uzbekistan to continue supporting eligible micro businesses in Uzbekistan. At least 40 per cent of the EBRD loan is expected to be on-lent to women. At least 65 per cent of the EBRD loan is expected to be on-lent to youth-led/owned businesses. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54730XI-IATI-EBRD-57184European Bank for Reconstruction and DevelopmentThe provision of a senior secured loan of up to US$ 10.0 million to Big-Family-Farm for the expansion programme of its pharmacy chain which includes the renovation of pharmacy buildings, the procurement of equipment as well as working capital procurement. The project aims to contribute to the improvement of pharmacy standards in the sector, given company's leading role in the adoption of Good Pharmacy Practice ("GPP") standards and to increase skills supply in Uzbekistan by leveraging its existing training centre through onboarding new training programme on GPP and soft skills for sales personnel and store managers.European Bank for Reconstruction and DevelopmentBIG-FAMILY-PHARM LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANDIJAN40.78338 72.350674377133.854377133.85BIG-FAMILY-PHARM LLCPRIVATEPRIVATEPRIVATEThe provision of a senior secured loan of up to US$ 10.0 million to Big-Family-Farm for the expansion programme of its pharmacy chain which includes the renovation of pharmacy buildings, the procurement of equipment as well as working capital procurement. The project aims to contribute to the improvement of pharmacy standards in the sector, given company's leading role in the adoption of Good Pharmacy Practice ("GPP") standards and to increase skills supply in Uzbekistan by leveraging its existing training centre through onboarding new training programme on GPP and soft skills for sales personnel and store managers. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57184XI-IATI-EBRD-52410European Bank for Reconstruction and DevelopmentThis project was approved in the context of the Bank's response to the COVID-19 pandemic. To avoid delays to the delivery of this project, the Bank's President granted a deviation from the ordinary timelines for PSD disclosure, as contemplated by Section V of the Directive on Access to Information. Details of the Bank's response to COVID-19, and this deviation, can be found on our website. Provision of a USD 2.8 million senior secured loan to finance the acquisition of a third production line for the manufacturing of single-use medical gloves (the "project") by JV Healthline LLC (the "company", "Healthline"). The project is in response to the increased demand for medical personal protective equipment (PPE) due to the COVID-19 pandemic. Healthline has been an existing client of the EBRD since November 2019. The initial project involved the establishment of a medical glove production facility with two production lines to which the EBRD provided debt financing of USD 9.2 million. To respond to the increased demand for PPE, Healthline decided to install a third production line under the project which will increase the production capacity of disposable medical gloves. The project is part of the company's strategy to expand its existing product range and establish a new production plant for the manufacturing of disposable medical gloves (surgical and examination gloves). The proposed addition (third manufacturing line) will capitalise on the existing infrastructure and enable it to leverage on economies of scale improving its operational efficiencies as well as its bargaining power with suppliers and clients. The proceeds of the EBRD loan (USD 2.8 million) will be directed to acquire the manufacturing line of disposable medical gloves.European Bank for Reconstruction and DevelopmentHEALTH LINE JV LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGUZGARISH38.86056 65.78905304936.832451194.96HEALTH LINE JV LLCPRIVATEPRIVATEPRIVATEThis project was approved in the context of the Bank's response to the COVID-19 pandemic. To avoid delays to the delivery of this project, the Bank's President granted a deviation from the ordinary timelines for PSD disclosure, as contemplated by Section V of the Directive on Access to Information. Details of the Bank's response to COVID-19, and this deviation, can be found on our website. Provision of a USD 2.8 million senior secured loan to finance the acquisition of a third production line for the manufacturing of single-use medical gloves (the "project") by JV Healthline LLC (the "company", "Healthline"). The project is in response to the increased demand for medical personal protective equipment (PPE) due to the COVID-19 pandemic. Healthline has been an existing client of the EBRD since November 2019. The initial project involved the establishment of a medical glove production facility with two production lines to which the EBRD provided debt financing of USD 9.2 million. To respond to the increased demand for PPE, Healthline decided to install a third production line under the project which will increase the production capacity of disposable medical gloves. The project is part of the company's strategy to expand its existing product range and establish a new production plant for the manufacturing of disposable medical gloves (surgical and examination gloves). The proposed addition (third manufacturing line) will capitalise on the existing infrastructure and enable it to leverage on economies of scale improving its operational efficiencies as well as its bargaining power with suppliers and clients. The proceeds of the EBRD loan (USD 2.8 million) will be directed to acquire the manufacturing line of disposable medical gloves. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52410XI-IATI-EBRD-56408European Bank for Reconstruction and DevelopmentThe provision of a loan of up to US$ 17.5 million to JV Techno Cable Group LLC, a producer of copper and aluminium electric cables based in Uzbekistan. The proceeds will finance the purchase of new cable and other cable products manufacturing equipment as well as working capital to purchase raw materials for cable production. The project aims to boost competitiveness and promote human capital development. It will allow expanding cable and wire production to meet growing local demand. In parallel, the company will partner with a local university to delivery new trainings programmes tailored to the company's needs targeting roles that are in short supply in the local labour market.European Bank for Reconstruction and DevelopmentJV TECHNO CABLE GROUP LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.216277441127.55JV TECHNO CABLE GROUP LLCPRIVATEPRIVATEPRIVATEThe provision of a loan of up to US$ 17.5 million to JV Techno Cable Group LLC, a producer of copper and aluminium electric cables based in Uzbekistan. The proceeds will finance the purchase of new cable and other cable products manufacturing equipment as well as working capital to purchase raw materials for cable production. The project aims to boost competitiveness and promote human capital development. It will allow expanding cable and wire production to meet growing local demand. In parallel, the company will partner with a local university to delivery new trainings programmes tailored to the company's needs targeting roles that are in short supply in the local labour market. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56408XI-IATI-EBRD-55500European Bank for Reconstruction and DevelopmentThe transaction envisages the provision of a long-term loan secured loan of up to €25 milion to Orzax Central Asia LLP, a newly created subsidiary of ORZAKS ILAC VE KIMYA SANAYI TICARET ANONIM SIRKETI, a joint stock company organised in the Republic of Turkey, for the construction and putting into operation a food supplement production plant in Kazakhstan. The proceeds of the Bank's investment will be used for the construction, procurement of equipment and putting into operation of a new plant for the production of food supplements in the Turkistan region, Kazakhstan.European Bank for Reconstruction and DevelopmentORZAX CENTRAL ASIA LLPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTURKISTAN43.30139 68.269722500000025000000ORZAX CENTRAL ASIA LLPPRIVATEPRIVATEPRIVATEThe transaction envisages the provision of a long-term loan secured loan of up to €25 milion to Orzax Central Asia LLP, a newly created subsidiary of ORZAKS ILAC VE KIMYA SANAYI TICARET ANONIM SIRKETI, a joint stock company organised in the Republic of Turkey, for the construction and putting into operation a food supplement production plant in Kazakhstan. The proceeds of the Bank's investment will be used for the construction, procurement of equipment and putting into operation of a new plant for the production of food supplements in the Turkistan region, Kazakhstan. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55500XI-IATI-EBRD-54283European Bank for Reconstruction and DevelopmentThe provision of a 3-year senior loan in the amount of up to US$ 35 million (in US dollar or Kazakhstan tenge equivalent) to Microfinance Organisation KMF ("MFO KMF") under the Kazakhstan Women in Business Programme II ("KazWiB II", OpId 53696). The financing will be used for on-lending to eligible women-led private micro, small and medium enterprises (MSMEs) in Kazakhstan. The aim of the loan is to promote women's entrepreneurship and access to finance, and more broadly women's participation in business, through the development of a strong Women in Business SME sector in Kazakhstan, by facilitating access to finance and advice for women-led MSMEs. The loan will be complemented by the enhancement of sustainable credit mechanisms targeted at women-led MSMEs through technical assistance at the KazWiB II level; and technical support for women-led MSMEs in accessing know-how, business development tools and networking opportunities.European Bank for Reconstruction and DevelopmentKMF BANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGALMATY43.25667 76.9286129843691.37KMF BANK JSCPRIVATEPRIVATEPRIVATEThe provision of a 3-year senior loan in the amount of up to US$ 35 million (in US dollar or Kazakhstan tenge equivalent) to Microfinance Organisation KMF ("MFO KMF") under the Kazakhstan Women in Business Programme II ("KazWiB II", OpId 53696). The financing will be used for on-lending to eligible women-led private micro, small and medium enterprises (MSMEs) in Kazakhstan. The aim of the loan is to promote women's entrepreneurship and access to finance, and more broadly women's participation in business, through the development of a strong Women in Business SME sector in Kazakhstan, by facilitating access to finance and advice for women-led MSMEs. The loan will be complemented by the enhancement of sustainable credit mechanisms targeted at women-led MSMEs through technical assistance at the KazWiB II level; and technical support for women-led MSMEs in accessing know-how, business development tools and networking opportunities. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54283XI-IATI-EBRD-54791European Bank for Reconstruction and DevelopmentThe provision of a loan (Loan I) of up to US$ 10 million to Joint Stock Commercial Bank with Foreign Capital Hamkorbank (Hamkorbank) under the Youth in Business Programme for Central Asia (CA YiB). The proceeds of the Bank's investment will be used for on-lending to eligible youth-led MSMEs in line with standard eligibility criteria set forth in the CA YiB policy statement. The CA YiB Loan I will enable Hamkorbank to maintain further diversification of its funding base, and to finance youth-led businesses in Uzbekistan. Hamkorbank will benefit from a comprehensive technical assistance (TC) to develop the internal capacity for financing youth-led businesses and to contribute to the improvement in access to finance for youth entrepreneurs in Uzbekistan.European Bank for Reconstruction and DevelopmentHAMKORBANK JSCBEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANDIJAN40.78338 72.350679161728.89HAMKORBANK JSCBPRIVATEPRIVATEPRIVATEThe provision of a loan (Loan I) of up to US$ 10 million to Joint Stock Commercial Bank with Foreign Capital Hamkorbank (Hamkorbank) under the Youth in Business Programme for Central Asia (CA YiB). The proceeds of the Bank's investment will be used for on-lending to eligible youth-led MSMEs in line with standard eligibility criteria set forth in the CA YiB policy statement. The CA YiB Loan I will enable Hamkorbank to maintain further diversification of its funding base, and to finance youth-led businesses in Uzbekistan. Hamkorbank will benefit from a comprehensive technical assistance (TC) to develop the internal capacity for financing youth-led businesses and to contribute to the improvement in access to finance for youth entrepreneurs in Uzbekistan. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54791XI-IATI-EBRD-41158European Bank for Reconstruction and DevelopmentThe EBRD is part of a project involving the development, construction and operation of an open pit and underground mine and ore processing facility at the Oyu Tolgoi copper, gold, silver and molybdenum deposit located in the southern Gobi region of Mongolia, in the eastern part of Omnogovi aimag in Khanbogd soum, approximately 220 km from the aimag capital of Dalandzadgad and 45 km southwest of Khanbogd soum centre. Oyu Tolgoi, one of the world's largest copper-gold deposits, contains a currently identified commercial resource (JORC compliant) of almost 40 billion pounds (Blb) of contained copper and 20 million ounces (Moz) of contained gold plus further identified reserves of 40 Blb of contained copper and 25 Moz of contained gold which are in the process of being defined through geological investigation and modelling. The project is being developed in phases, with commercial production from a 100,000 tonnes per day (tpd) concentrator (due to start in 2013) to be sourced initially from the Southern Oyu open pit mine. In parallel, construction is under way to develop infrastructure at the underground Hugo North deposit. A dedicated road to the Chinese border will be built to export mine output. Power is to be sourced initially from China. The project is expected to have a material positive impact on the economic development of Mongolia and, at full production, is anticipated to increase national GDP by 30% by 2020. The fiscal benefits for the country will include greater tax revenues, as well as royalties and dividends. The project will adopt best transparency standards through compliance by the project company with the EITI requirements and serve as an example to other private sector investors in the Mongolian mining industry. In addition, the project will act as a catalyst for the development of supporting infrastructure in the region, including utility services and transportation, and will contribute to the development of the necessary vocational skills in the country through the establishment of two vocational training centres in the South Gobi, and the provision of full financial support for 3,300 Mongolians to attend technical and vocational education training schools across the country. . Employment generation, both directly at the project and indirectly through the development of a supply chain providing goods and services to it, is expected to be significant. The project will maintain a greater than 75% Mongolian workforce for direct mining operations and at least 90% of the remainder of the workforce will be Mongolian during the operational phase. Null ValueEuropean Bank for Reconstruction and DevelopmentOYU TOLGOI LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGULAANBAATAR47.90771 106.88324350170708.22OYU TOLGOI LLCPRIVATEPRIVATEPRIVATEThe EBRD is part of a project involving the development, construction and operation of an open pit and underground mine and ore processing facility at the Oyu Tolgoi copper, gold, silver and molybdenum deposit located in the southern Gobi region of Mongolia, in the eastern part of Omnogovi aimag in Khanbogd soum, approximately 220 km from the aimag capital of Dalandzadgad and 45 km southwest of Khanbogd soum centre. Oyu Tolgoi, one of the world's largest copper-gold deposits, contains a currently identified commercial resource (JORC compliant) of almost 40 billion pounds (Blb) of contained copper and 20 million ounces (Moz) of contained gold plus further identified reserves of 40 Blb of contained copper and 25 Moz of contained gold which are in the process of being defined through geological investigation and modelling. The project is being developed in phases, with commercial production from a 100,000 tonnes per day (tpd) concentrator (due to start in 2013) to be sourced initially from the Southern Oyu open pit mine. In parallel, construction is under way to develop infrastructure at the underground Hugo North deposit. A dedicated road to the Chinese border will be built to export mine output. Power is to be sourced initially from China. The project is expected to have a material positive impact on the economic development of Mongolia and, at full production, is anticipated to increase national GDP by 30% by 2020. The fiscal benefits for the country will include greater tax revenues, as well as royalties and dividends. The project will adopt best transparency standards through compliance by the project company with the EITI requirements and serve as an example to other private sector investors in the Mongolian mining industry. In addition, the project will act as a catalyst for the development of supporting infrastructure in the region, including utility services and transportation, and will contribute to the development of the necessary vocational skills in the country through the establishment of two vocational training centres in the South Gobi, and the provision of full financial support for 3,300 Mongolians to attend technical and vocational education training schools across the country. . Employment generation, both directly at the project and indirectly through the development of a supply chain providing goods and services to it, is expected to be significant. The project will maintain a greater than 75% Mongolian workforce for direct mining operations and at least 90% of the remainder of the workforce will be Mongolian during the operational phase. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/41158XI-IATI-EBRD-56455European Bank for Reconstruction and DevelopmentUp to EUR 20 million senior secured loan to Bulgarian copper fabricator Sofia Med AD. The EBRD transaction is expected to benefit from support under the InvestEU Fund. The proceeds of the loan will be used for general corporate investment purposes in line with market standards for sustainability finance. The EBRD transaction will feature measurable sustainability-linked KPIs aligned with circular economy objectives, focusing on the increased use of secondary raw materials and enhanced water efficiency. Null ValueEuropean Bank for Reconstruction and DevelopmentSOFIA MED ADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSOFIA42.69751 23.3241520000000SOFIA MED ADPRIVATEPRIVATEPRIVATEUp to EUR 20 million senior secured loan to Bulgarian copper fabricator Sofia Med AD. The EBRD transaction is expected to benefit from support under the InvestEU Fund. The proceeds of the loan will be used for general corporate investment purposes in line with market standards for sustainability finance. The EBRD transaction will feature measurable sustainability-linked KPIs aligned with circular economy objectives, focusing on the increased use of secondary raw materials and enhanced water efficiency. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56455XI-IATI-EBRD-51703European Bank for Reconstruction and DevelopmentBy 21-Oct-2021, the EBRD signed a provision of a loan of up to EUR 21 million to the City of Iasi to finance energy-efficiency enhancement investments in public buildings that include: i) rehabilitation of 15 public buildings owned by the city, and ii) reconstruction of a new bus and tram depot, designed and equipped for 32 trams and 44 electric buses. The project is proposed under Green City Framework 2 ("GrCF2") which will be complemented by technical cooperation ("TC") facilitated by the Bank for the development of a Green City Action Plan ("GCAP") to identify, prioritise, and address environmental challenges through a multi-sector approach. By December 2022, the EBRD is extending the original loan to cover some cost overruns associated with the original project. The amount of the loan extension is EUR 30m. The proposed investments aim to improve energy efficiency, reduce pollution and save resources in excess of 20 per cent by implementing key investments in a pool of 15 public buildings and by modernising a bus and tram depot, preparing it for the new electric bus fleet, ultimately improving the environment and life standards in Iasi region. At the same time, the Project will play an instrumental role in the development and implementation of the Green Cities Framework which will support a strategic and multi-project approach in order to identify, prioritise and address environmental challenges at the city level.European Bank for Reconstruction and DevelopmentCITY OF IASIEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGIASI47.16667 27.632028368.8848336549.55CITY OF IASI6100000CITY OF IASI3146500CITY OF IASI1467024.01CITY OF IASI177176.05CITY OF IASI186480.61CITY OF IASISTATESTATESTATESTATEBy 21-Oct-2021, the EBRD signed a provision of a loan of up to EUR 21 million to the City of Iasi to finance energy-efficiency enhancement investments in public buildings that include: i) rehabilitation of 15 public buildings owned by the city, and ii) reconstruction of a new bus and tram depot, designed and equipped for 32 trams and 44 electric buses. The project is proposed under Green City Framework 2 ("GrCF2") which will be complemented by technical cooperation ("TC") facilitated by the Bank for the development of a Green City Action Plan ("GCAP") to identify, prioritise, and address environmental challenges through a multi-sector approach. By December 2022, the EBRD is extending the original loan to cover some cost overruns associated with the original project. The amount of the loan extension is EUR 30m. The proposed investments aim to improve energy efficiency, reduce pollution and save resources in excess of 20 per cent by implementing key investments in a pool of 15 public buildings and by modernising a bus and tram depot, preparing it for the new electric bus fleet, ultimately improving the environment and life standards in Iasi region. At the same time, the Project will play an instrumental role in the development and implementation of the Green Cities Framework which will support a strategic and multi-project approach in order to identify, prioritise and address environmental challenges at the city level. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51703XI-IATI-EBRD-56202European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan in the amount of up to EUR 2.0 million to KRK, for on-lending to eligible women-led SMEs in line with the criteria under the Western Balkans Women in Business Programme Phase II ("WB WiBP II"). The project will contribute to women's economic inclusion by supporting women-led SMEs' access to finance and business advisory services.European Bank for Reconstruction and DevelopmentKREDITIMI RURAL I KOSOVES LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRISTINA42.67272 21.166882000000KREDITIMI RURAL I KOSOVES LLCPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan in the amount of up to EUR 2.0 million to KRK, for on-lending to eligible women-led SMEs in line with the criteria under the Western Balkans Women in Business Programme Phase II ("WB WiBP II"). The project will contribute to women's economic inclusion by supporting women-led SMEs' access to finance and business advisory services. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56202XI-IATI-EBRD-54900European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to USD 10 million to Banque du Caire ("BDC") under the Women in Business ("WiB") to support women-led MSMEs The EBRD loan will support BDC's lending activities and expand access to finance for underserved women-led micro-enterprises, particularly in remote regions.European Bank for Reconstruction and DevelopmentBANQUE DU CAIRE SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.249678754267.71BANQUE DU CAIRE SAEPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to USD 10 million to Banque du Caire ("BDC") under the Women in Business ("WiB") to support women-led MSMEs The EBRD loan will support BDC's lending activities and expand access to finance for underserved women-led micro-enterprises, particularly in remote regions. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54900XI-IATI-EBRD-54744European Bank for Reconstruction and DevelopmentA senior unsecured MSME loan of up to EUR 4m to KEP Trust ("KEP") under the Financial Intermediaries Framework ("FIF") with proceeds to be used for on-lending to micro, small and medium-sized enterprises ("MSMEs") in Kosovo in accordance with the FIF Policy Statement. The project is envisaged to promote entrepreneurship and market competitiveness by increasing availability of financing to the privately owned MSMEs in Kosovo, with a focus on regional outreach, attraction of new MSME clients and women-led MSMEs.European Bank for Reconstruction and DevelopmentKEP TRUSTEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRISTINA42.67272 21.166884000000KEP TRUSTPRIVATEPRIVATEPRIVATEA senior unsecured MSME loan of up to EUR 4m to KEP Trust ("KEP") under the Financial Intermediaries Framework ("FIF") with proceeds to be used for on-lending to micro, small and medium-sized enterprises ("MSMEs") in Kosovo in accordance with the FIF Policy Statement. The project is envisaged to promote entrepreneurship and market competitiveness by increasing availability of financing to the privately owned MSMEs in Kosovo, with a focus on regional outreach, attraction of new MSME clients and women-led MSMEs. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54744XI-IATI-EBRD-53095European Bank for Reconstruction and DevelopmentThe provision of a senior debt financing of up to € 44 million, in addition to a subordinated loan of up to € 5.7 million in local currency equivalent, to finance the repowering of a 50MW wind farm located in the region of Tlat Taghramt near Tangier in northern Morocco. The Project will be the first repowering project in the region and will increase the wind farm capacity to 100 MW. The Project will further promote public-private partnerships in the Moroccan power sector and increase the share of renewables in the energy mix in line with the country's green energy transition agenda. The Project is expected to further reduce Morocco's reliance on costly hydrocarbon imports and will result in substantial emissions reduction of over 300,000 tonnes CO2 per year.European Bank for Reconstruction and DevelopmentMOROCCAN AGENCY FOR SUSTAINABLE ENERGY SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGRABAT34.01325 -6.832550.015764787.17MOROCCAN AGENCY FOR SUSTAINABLE ENERGY SAPRIVATEPRIVATEPRIVATEThe provision of a senior debt financing of up to € 44 million, in addition to a subordinated loan of up to € 5.7 million in local currency equivalent, to finance the repowering of a 50MW wind farm located in the region of Tlat Taghramt near Tangier in northern Morocco. The Project will be the first repowering project in the region and will increase the wind farm capacity to 100 MW. The Project will further promote public-private partnerships in the Moroccan power sector and increase the share of renewables in the energy mix in line with the country's green energy transition agenda. The Project is expected to further reduce Morocco's reliance on costly hydrocarbon imports and will result in substantial emissions reduction of over 300,000 tonnes CO2 per year. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53095XI-IATI-EBRD-46575European Bank for Reconstruction and DevelopmentA senior loan of up to EUR 85 million to Societe Tunisienne de l'Electricite et du Gaz ( "STEG" or the "Company"), to finance the reinforcement of the electricity transmission network in North-Eastern Tunisia (the "Project"). The Tunisian energy sector is in crucial need of investments due to demand outpacing supply. Tunisia's socio-economic development, marked by the growth and modernisation of industries and services, and the growing population's enhanced living standards have spurred increasing demand for electricity and a substantial increase in peak demand Under the Network Equipment Program of the 12th Five-Year Socioeconomic Development Plan (2012-2016), STEG will enhance the quality of its service through an electricity network rehabilitation and modernisation programme. The Project forms an integral part of this programme. The Project will enhance the performance and reliability of the electricity transmission and distribution network and, prepare the Tunisian grid for future additional renewable capacity.European Bank for Reconstruction and DevelopmentSOCIETE TUNISIENNE DE L'ELECTRICITE ET DU GAZEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTUNIS36.81897 10.1657946500000SOCIETE TUNISIENNE DE L'ELECTRICITE ET DU GAZ7775533.9SOCIETE TUNISIENNE DE L'ELECTRICITE ET DU GAZ7867717.02SOCIETE TUNISIENNE DE L'ELECTRICITE ET DU GAZ56590.32SOCIETE TUNISIENNE DE L'ELECTRICITE ET DU GAZ3303644.04SOCIETE TUNISIENNE DE L'ELECTRICITE ET DU GAZ119820.45SOCIETE TUNISIENNE DE L'ELECTRICITE ET DU GAZ319638.29SOCIETE TUNISIENNE DE L'ELECTRICITE ET DU GAZ660775.63SOCIETE TUNISIENNE DE L'ELECTRICITE ET DU GAZ169616.11SOCIETE TUNISIENNE DE L'ELECTRICITE ET DU GAZ1007623.49SOCIETE TUNISIENNE DE L'ELECTRICITE ET DU GAZ599302.45SOCIETE TUNISIENNE DE L'ELECTRICITE ET DU GAZ881941.36SOCIETE TUNISIENNE DE L'ELECTRICITE ET DU GAZ1247843.46SOCIETE TUNISIENNE DE L'ELECTRICITE ET DU GAZ2472855.15SOCIETE TUNISIENNE DE L'ELECTRICITE ET DU GAZ642503.42SOCIETE TUNISIENNE DE L'ELECTRICITE ET DU GAZ743618.31SOCIETE TUNISIENNE DE L'ELECTRICITE ET DU GAZ623616.22SOCIETE TUNISIENNE DE L'ELECTRICITE ET DU GAZ1994037.32SOCIETE TUNISIENNE DE L'ELECTRICITE ET DU GAZ3008705.3SOCIETE TUNISIENNE DE L'ELECTRICITE ET DU GAZ1256484SOCIETE TUNISIENNE DE L'ELECTRICITE ET DU GAZ1264191.77SOCIETE TUNISIENNE DE L'ELECTRICITE ET DU GAZ514166.72SOCIETE TUNISIENNE DE L'ELECTRICITE ET DU GAZ96028.28SOCIETE TUNISIENNE DE L'ELECTRICITE ET DU GAZ1846354.14SOCIETE TUNISIENNE DE L'ELECTRICITE ET DU GAZSTATESTATESTATESTATEA senior loan of up to EUR 85 million to Societe Tunisienne de l'Electricite et du Gaz ( "STEG" or the "Company"), to finance the reinforcement of the electricity transmission network in North-Eastern Tunisia (the "Project"). The Tunisian energy sector is in crucial need of investments due to demand outpacing supply. Tunisia's socio-economic development, marked by the growth and modernisation of industries and services, and the growing population's enhanced living standards have spurred increasing demand for electricity and a substantial increase in peak demand Under the Network Equipment Program of the 12th Five-Year Socioeconomic Development Plan (2012-2016), STEG will enhance the quality of its service through an electricity network rehabilitation and modernisation programme. The Project forms an integral part of this programme. The Project will enhance the performance and reliability of the electricity transmission and distribution network and, prepare the Tunisian grid for future additional renewable capacity. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/46575XI-IATI-EBRD-53823European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 2 million to be provided in two equal tranches under the Financial Intermediaries Framework ("FIF"). The Loan proceeds will be used for on-lending to private micro-, small- and medium-sized enterprises in Kosovo in accordance with the Policy Statement.European Bank for Reconstruction and DevelopmentAGENCY FOR FINANCE IN KOSOVOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPEJA20.28828 42.659132000000AGENCY FOR FINANCE IN KOSOVOPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 2 million to be provided in two equal tranches under the Financial Intermediaries Framework ("FIF"). The Loan proceeds will be used for on-lending to private micro-, small- and medium-sized enterprises in Kosovo in accordance with the Policy Statement. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53823XI-IATI-EBRD-52723European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to EUR 2.0 million to be provided in one single tranche to Ohridska Banka Skopje under the Green Economy Financing Facility - Western Balkans (GEFF-WB). The transaction supports investments in high-performance energy efficiency technologies, materials and solutions undertaken in, or in relation to, privately-owned residential dwellings or buildings ("sub-projects") in North Macedonia. Sub-projects are selected according to technical and financial eligibility criteria set forth in the policy statement for GEFF WB. 100% of the use of proceeds will be related to Green Economy Transition investments.European Bank for Reconstruction and DevelopmentSPARKASSE BANK AD SKOPJEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.431412000000SPARKASSE BANK AD SKOPJEPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to EUR 2.0 million to be provided in one single tranche to Ohridska Banka Skopje under the Green Economy Financing Facility - Western Balkans (GEFF-WB). The transaction supports investments in high-performance energy efficiency technologies, materials and solutions undertaken in, or in relation to, privately-owned residential dwellings or buildings ("sub-projects") in North Macedonia. Sub-projects are selected according to technical and financial eligibility criteria set forth in the policy statement for GEFF WB. 100% of the use of proceeds will be related to Green Economy Transition investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52723XI-IATI-EBRD-53812European Bank for Reconstruction and DevelopmentProvision of up to EUR 150 million sovereign loan (the "Loan") for the benefit of Office des Cereales ("ODC" or the "Company"). ODC is a Tunisian state owned office in charge of international and national procurement, storage, and sales and distribution of durum wheat, wheat, and barley in Tunisia. The Loan will finance ODC's working capital needs related to their international purchase of grains. In light of the ongoing war on Ukraine and the disruption caused in international grain supply and record high prices, the bank aims to support the Tunisian government through the provision of a loan to ensure availability of liquidity for ODC's international grain purchases, and hence contribute to the country's food security. In parallel to financing, the Bank will also seek to mobilise a technical cooperation ("TC") package to (i) support ODC to increase the efficiency of its operations and adoption of best business and governance standards; and (ii) conduct a review of the Tunisian grain value chain and develop subsequently some recommendations addressing structural weaknesses in the Tunisian grain sector.European Bank for Reconstruction and DevelopmentOFFICE DES CEREALESEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTUNIS36.81897 10.16579150500000OFFICE DES CEREALES1505000OFFICE DES CEREALES9995409.68OFFICE DES CEREALES14291200OFFICE DES CEREALES10565418.6OFFICE DES CEREALES24188516.18OFFICE DES CEREALES10494703.06OFFICE DES CEREALES19673616.09OFFICE DES CEREALES13922975OFFICE DES CEREALES9295311.48OFFICE DES CEREALES14360225OFFICE DES CEREALES18818977.07OFFICE DES CEREALES3388647.84OFFICE DES CEREALESSTATESTATESTATESTATEProvision of up to EUR 150 million sovereign loan (the "Loan") for the benefit of Office des Cereales ("ODC" or the "Company"). ODC is a Tunisian state owned office in charge of international and national procurement, storage, and sales and distribution of durum wheat, wheat, and barley in Tunisia. The Loan will finance ODC's working capital needs related to their international purchase of grains. In light of the ongoing war on Ukraine and the disruption caused in international grain supply and record high prices, the bank aims to support the Tunisian government through the provision of a loan to ensure availability of liquidity for ODC's international grain purchases, and hence contribute to the country's food security. In parallel to financing, the Bank will also seek to mobilise a technical cooperation ("TC") package to (i) support ODC to increase the efficiency of its operations and adoption of best business and governance standards; and (ii) conduct a review of the Tunisian grain value chain and develop subsequently some recommendations addressing structural weaknesses in the Tunisian grain sector. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53812XI-IATI-EBRD-49600European Bank for Reconstruction and DevelopmentA loan extension of up to EUR 15 million for Raja Constanta, the regional water operator serving Constanta County and neighbouring localities. This extension increases the total loan co-financing to up to EUR 45 million, building on the original EUR 35 million loan. The new loan will be fully aligned with the original project and will: i) co-finance alongside EU Cohesion Funds the extension and modernisation of the company's water and wastewater infrastructure and services and ii) finance a loss reduction programme with private sector participation. The project aims are twofold: i) to enable RAJA and the counties in which it is active to bring their water and wastewater services in line with EU environmental standards by cofinancing the extension and rehabilitation of the company's water and wastewater network alongside the EU, and ii) assist RAJA in reducing its non-revenue water by involving the private sector under a performance-based contract.European Bank for Reconstruction and DevelopmentRAJA SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCONSTANTA44.18073 28.6343245000000RAJA SA2000000RAJA SA500000RAJA SA500000RAJA SA1500000RAJA SA1000000RAJA SA1000000RAJA SA10000000RAJA SA5000000RAJA SA3000000RAJA SA3299000RAJA SA2152375.43RAJA SA48624.57RAJA SA15000000RAJA SASTATESTATESTATESTATEA loan extension of up to EUR 15 million for Raja Constanta, the regional water operator serving Constanta County and neighbouring localities. This extension increases the total loan co-financing to up to EUR 45 million, building on the original EUR 35 million loan. The new loan will be fully aligned with the original project and will: i) co-finance alongside EU Cohesion Funds the extension and modernisation of the company's water and wastewater infrastructure and services and ii) finance a loss reduction programme with private sector participation. The project aims are twofold: i) to enable RAJA and the counties in which it is active to bring their water and wastewater services in line with EU environmental standards by cofinancing the extension and rehabilitation of the company's water and wastewater network alongside the EU, and ii) assist RAJA in reducing its non-revenue water by involving the private sector under a performance-based contract. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49600XI-IATI-EBRD-57187European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to €2.5 million to ProCredit Bank Macedonia under the EBRD Western Balkans Women in Business Phase II Programme ("WB WiBP II"). The proceeds will be used to finance eligible women-led MSMEs in accordance with the WB WiBP II Policy Statement.European Bank for Reconstruction and DevelopmentPROCREDIT BANK ADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.431412500000PROCREDIT BANK ADPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to €2.5 million to ProCredit Bank Macedonia under the EBRD Western Balkans Women in Business Phase II Programme ("WB WiBP II"). The proceeds will be used to finance eligible women-led MSMEs in accordance with the WB WiBP II Policy Statement. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57187XI-IATI-EBRD-53842European Bank for Reconstruction and DevelopmentThe provision of a sovereign loan of up to €30 million to the Republic of Tajikistan to finance improvements of public transport infrastructure in the riverside area of Dushanbe (the project). The project consists of: (i) the reconstruction of roads and a bridge over the Varzob river, (ii) the provision of infrastructure for sustainable mobility, including dedicated bus/trolleybus lanes, infrastructure for active mobility (walking and cycling) and electric mobility. The Project will facilitate the City of Dushanbe (the City or client) to enhance the transportation infrastructure, notably through the promotion of sustainable mobility options, and provision for electric vehicle charging infrastructure. The Project is a second follow-on investment under the Dushanbe Green City Action Plan (GCAP). In addition, the project is anticipated to create positive impacts by catalysing fundamental shift in transportation habits i encouraging transition from private vehicles to sustainable modes of mobility. The project's objective is to transform one of the city's avenues into a model for sustainable mobility. This will result in a notable enhancement in environmental conditions, marked reductions in air and noise pollution, and a significant decrease in greenhouse gas emissions. By doing so, the project aims not only to contribute to environmental sustainability but also to mitigate the impacts of climate change.European Bank for Reconstruction and DevelopmentTAJIKISTAN SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGDUSHANBE38.53575 68.779052771514028450000TAJIKISTAN SOVEREIGN284500TAJIKISTAN SOVEREIGN450360TAJIKISTAN SOVEREIGNSTATESTATESTATESTATEThe provision of a sovereign loan of up to €30 million to the Republic of Tajikistan to finance improvements of public transport infrastructure in the riverside area of Dushanbe (the project). The project consists of: (i) the reconstruction of roads and a bridge over the Varzob river, (ii) the provision of infrastructure for sustainable mobility, including dedicated bus/trolleybus lanes, infrastructure for active mobility (walking and cycling) and electric mobility. The Project will facilitate the City of Dushanbe (the City or client) to enhance the transportation infrastructure, notably through the promotion of sustainable mobility options, and provision for electric vehicle charging infrastructure. The Project is a second follow-on investment under the Dushanbe Green City Action Plan (GCAP). In addition, the project is anticipated to create positive impacts by catalysing fundamental shift in transportation habits i encouraging transition from private vehicles to sustainable modes of mobility. The project's objective is to transform one of the city's avenues into a model for sustainable mobility. This will result in a notable enhancement in environmental conditions, marked reductions in air and noise pollution, and a significant decrease in greenhouse gas emissions. By doing so, the project aims not only to contribute to environmental sustainability but also to mitigate the impacts of climate change. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53842XI-IATI-EBRD-56778European Bank for Reconstruction and DevelopmentUp to $20 million senior loan (the "Loan") to Borusan Makina Kazakhstan LLP ("BMK"), the Bank's existing client. The Loan is provided in two tranches of $10 million of committed tranche ("Tranche 1") and $10 million uncommitted tranche ("Tranche 2"). Financing will be used to fund BMK's further enhancement of its Component Rebuild Centre ("CRC") in Karaganda, Kazakhstan, via capex and working capital investments. The project is considered green as all of the funding focuses on circular economy practicesEuropean Bank for Reconstruction and DevelopmentBORUSAN MAKINA KAZAKHSTAN LLPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGALMATY43.25667 76.928618754267.717722822.22BORUSAN MAKINA KAZAKHSTAN LLPPRIVATEPRIVATEPRIVATEUp to $20 million senior loan (the "Loan") to Borusan Makina Kazakhstan LLP ("BMK"), the Bank's existing client. The Loan is provided in two tranches of $10 million of committed tranche ("Tranche 1") and $10 million uncommitted tranche ("Tranche 2"). Financing will be used to fund BMK's further enhancement of its Component Rebuild Centre ("CRC") in Karaganda, Kazakhstan, via capex and working capital investments. The project is considered green as all of the funding focuses on circular economy practices For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56778XI-IATI-EBRD-52040European Bank for Reconstruction and DevelopmentProvision of a senior loan of up to USD 50 million to Banque du Caire ("BDC") for on-lending to private micro, small and medium-sized enterprises ("MSMEs") in Egypt. The EBRD loan will assist BDC to develop its MSME lending activities and expand access to finance for underserved private MSMEs.European Bank for Reconstruction and DevelopmentBANQUE DU CAIRE SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496743771338.53BANQUE DU CAIRE SAEPRIVATEPRIVATEPRIVATEProvision of a senior loan of up to USD 50 million to Banque du Caire ("BDC") for on-lending to private micro, small and medium-sized enterprises ("MSMEs") in Egypt. The EBRD loan will assist BDC to develop its MSME lending activities and expand access to finance for underserved private MSMEs. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52040XI-IATI-EBRD-54156European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to EUR 1.5 million to be provided in one tranche under the Western Balkans GEFF III - REpower Residential ("GEFF III" or the"Programme"). The loan is intended to provide sub-loans to help finance investments in high-performance energy efficiency technologies, materials and solutions undertaken in or in relation to privately owned residential dwellings or buildings, construction of GET-eligible High energy Performance Residential Buildings (HPRBs) and eligible Energy Efficiency (EE) and/or Renewable Energy (RE) projects in the Public Sector. 100% of the use of proceeds will be related to Green Economy Transition ("GET") investments.European Bank for Reconstruction and DevelopmentPROCREDIT BANK ADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.431411500000PROCREDIT BANK ADPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to EUR 1.5 million to be provided in one tranche under the Western Balkans GEFF III - REpower Residential ("GEFF III" or the"Programme"). The loan is intended to provide sub-loans to help finance investments in high-performance energy efficiency technologies, materials and solutions undertaken in or in relation to privately owned residential dwellings or buildings, construction of GET-eligible High energy Performance Residential Buildings (HPRBs) and eligible Energy Efficiency (EE) and/or Renewable Energy (RE) projects in the Public Sector. 100% of the use of proceeds will be related to Green Economy Transition ("GET") investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54156XI-IATI-EBRD-53723European Bank for Reconstruction and DevelopmentAn equity investment in global depositary receipts (GDRs) of Air Astana JSC (the company), a joint-stock company incorporated in Kazakhstan. The investment was made as part of the Company's IPO, which took place on 9 February 2024. The IPO proceeds will finance (i) the company's fleet expansion and renewal programme; (ii) construction of a maintenance facility; and (iii) acquisition of a flight simulator.European Bank for Reconstruction and DevelopmentAIR ASTANA JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGASTANA51.1801 71.4459838980690.68AIR ASTANA JSCPRIVATEPRIVATEPRIVATEAn equity investment in global depositary receipts (GDRs) of Air Astana JSC (the company), a joint-stock company incorporated in Kazakhstan. The investment was made as part of the Company's IPO, which took place on 9 February 2024. The IPO proceeds will finance (i) the company's fleet expansion and renewal programme; (ii) construction of a maintenance facility; and (iii) acquisition of a flight simulator. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53723XI-IATI-EBRD-55436European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to € 1 million to ProCredit Bank dd BiH ("PCBiH") for on-lending to the residential sector in BiH. The loan is envisaged under the Western Balkans Green Economy Financing Facility III - REpower ("WB GEFF III"). This will enable the bank to promote green economy investments in the country. The proceeds of the loan will be used to provide financing to PCBiH for gender-responsive on-lending to eligible sub-borrowers in the residential sector for investments supporting Green Economy Transition ("GET") - eligible residential renewable energies and energy efficient technologies.European Bank for Reconstruction and DevelopmentPROCREDIT BANK DDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.356441000000PROCREDIT BANK DDPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to € 1 million to ProCredit Bank dd BiH ("PCBiH") for on-lending to the residential sector in BiH. The loan is envisaged under the Western Balkans Green Economy Financing Facility III - REpower ("WB GEFF III"). This will enable the bank to promote green economy investments in the country. The proceeds of the loan will be used to provide financing to PCBiH for gender-responsive on-lending to eligible sub-borrowers in the residential sector for investments supporting Green Economy Transition ("GET") - eligible residential renewable energies and energy efficient technologies. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55436XI-IATI-EBRD-51214European Bank for Reconstruction and DevelopmentProvision of a non-sovereign loan to the city of Banja Luka (the "city") for the rehabilitation and expansion of Banja Luka's existing water supply network (the "project"). Assisting the Banja Luka Water Company ("Vodovod a.d. Banja Luka" or the "Company") to: (i) improve its performance through the reduction of costs; (ii) reduce consumption of electricity and (iii) provide a reliable supply of potable water to its customers.European Bank for Reconstruction and DevelopmentCITY OF BANJA LUKAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBANJA LUKA44.77842 17.193861362.924000000CITY OF BANJA LUKA468266.22CITY OF BANJA LUKA247162.96CITY OF BANJA LUKA774784.04CITY OF BANJA LUKA407173.06CITY OF BANJA LUKA810427.76CITY OF BANJA LUKA158406.85CITY OF BANJA LUKA234387.73CITY OF BANJA LUKA259444.32CITY OF BANJA LUKA292984.26CITY OF BANJA LUKA150005.55CITY OF BANJA LUKA191590.93CITY OF BANJA LUKA4003.4CITY OF BANJA LUKASTATESTATESTATESTATEProvision of a non-sovereign loan to the city of Banja Luka (the "city") for the rehabilitation and expansion of Banja Luka's existing water supply network (the "project"). Assisting the Banja Luka Water Company ("Vodovod a.d. Banja Luka" or the "Company") to: (i) improve its performance through the reduction of costs; (ii) reduce consumption of electricity and (iii) provide a reliable supply of potable water to its customers. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51214XI-IATI-EBRD-52548European Bank for Reconstruction and DevelopmentThe proposed transaction is a direct equity investment in Euroins Insurance Group AD ("EIG") via participation in a share capital increase. The investment will enable EIG to strengthen its balance sheet, support future growth and scale up operations in various EBRD countries of operation.European Bank for Reconstruction and DevelopmentEUROINS INSURANCE GROUP ADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSOFIA42.69751 23.324158879999.224000000EUROINS INSURANCE GROUP ADPRIVATEPRIVATEPRIVATEThe proposed transaction is a direct equity investment in Euroins Insurance Group AD ("EIG") via participation in a share capital increase. The investment will enable EIG to strengthen its balance sheet, support future growth and scale up operations in various EBRD countries of operation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52548XI-IATI-EBRD-51567European Bank for Reconstruction and DevelopmentProvision of a senior secured loan up to a total amount of USD 19 million (inclusive of the existing approved USD 12 million facility) to Al Dau al Haram for Hotels Operations (the "Borrower" or the "Company") to finance the development and operation of a new hotel under the Hyatt Regency brand in West Cairo, Egypt (the "Project"). Supporting sustainable developments in the tourism sector in Egypt, which has been particularly affected by the Covid-19 outbreak followed by multiple geopolitical events. The Loan has been used to finance the construction, equipment, and operation of a new 249-room hotel operated under the Hyatt Regency brand.European Bank for Reconstruction and DevelopmentALDAU AL HARAM FOR HOTELS OPERATIONS SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.249670.0116633108.64ALDAU AL HARAM FOR HOTELS OPERATIONS SAEPRIVATEPRIVATEPRIVATEProvision of a senior secured loan up to a total amount of USD 19 million (inclusive of the existing approved USD 12 million facility) to Al Dau al Haram for Hotels Operations (the "Borrower" or the "Company") to finance the development and operation of a new hotel under the Hyatt Regency brand in West Cairo, Egypt (the "Project"). Supporting sustainable developments in the tourism sector in Egypt, which has been particularly affected by the Covid-19 outbreak followed by multiple geopolitical events. The Loan has been used to finance the construction, equipment, and operation of a new 249-room hotel operated under the Hyatt Regency brand. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51567XI-IATI-EBRD-46201European Bank for Reconstruction and DevelopmentPlava Voda Regional Water Supply - The EBRD is providing a sovereign loan to Bosnia and Herzegovina ('BiH') Financing of the following: (a) The construction of water intake structures at the Plava Voda spring, together with the construction of a pipeline, about 33 kilometres long, from the spring in Travnik through Novi Travnik, Vitez and Busovaca to the city of Zenica. (b) The construction of supporting facilities to enable connections to the existing water distribution networks of the following five municipalities: Travnik, Novi Travnik, Vitez, Busovaca and Zenica.European Bank for Reconstruction and DevelopmentBOSNIA AND HERZEGOVINA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPLAVA VODA44.23059 17.6713810783619.1911000000BOSNIA AND HERZEGOVINA SOVEREIGN110000BOSNIA AND HERZEGOVINA SOVEREIGN37454.19BOSNIA AND HERZEGOVINA SOVEREIGN18670.45BOSNIA AND HERZEGOVINA SOVEREIGN33504.25BOSNIA AND HERZEGOVINA SOVEREIGN16751.92BOSNIA AND HERZEGOVINA SOVEREIGNSTATESTATESTATESTATEThe EBRD is providing a sovereign loan to Bosnia and Herzegovina ('BiH') Financing of the following: (a) The construction of water intake structures at the Plava Voda spring, together with the construction of a pipeline, about 33 kilometres long, from the spring in Travnik through Novi Travnik, Vitez and Busovaca to the city of Zenica. (b) The construction of supporting facilities to enable connections to the existing water distribution networks of the following five municipalities: Travnik, Novi Travnik, Vitez, Busovaca and Zenica. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/46201XI-IATI-EBRD-53600European Bank for Reconstruction and DevelopmentProvision of a sovereign loan of up to EUR 8.8 million to the Kyrgyz Republic ("KR") to finance the reconstruction and rehabilitation of Lebedinovskaya HPP unit owned by Chakan GES, a local power plant operation with a total installed capacity of 38.5 MW, fully-owned subsidiary of the Kyrgyz Republic. The project is aimed to utilize the full potential of the HPP units that would increase the electricity output and support mitigating the hydrology risk.European Bank for Reconstruction and DevelopmentKYRGYZ REPUBLIC SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBISHKEK42.87 74.597897434.118800000KYRGYZ REPUBLIC SOVEREIGN87615KYRGYZ REPUBLIC SOVEREIGN814950.89KYRGYZ REPUBLIC SOVEREIGNSTATESTATESTATESTATEProvision of a sovereign loan of up to EUR 8.8 million to the Kyrgyz Republic ("KR") to finance the reconstruction and rehabilitation of Lebedinovskaya HPP unit owned by Chakan GES, a local power plant operation with a total installed capacity of 38.5 MW, fully-owned subsidiary of the Kyrgyz Republic. The project is aimed to utilize the full potential of the HPP units that would increase the electricity output and support mitigating the hydrology risk. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53600XI-IATI-EBRD-54792European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan to OTP Bank Serbia ("OTP"), in the amount of up to EUR 50 million, for on-lending to micro, small and medium enterprises in Serbia. The loan is envisaged under the Financial Intermediaries Framework ("FIF"). The proceeds of the Bank's investment will be exclusively used for providing sub-loans to small and medium-sized enterprises (SMEs) in Serbia, in accordance with the FIF-SME Policy Statement. The bank will aim to allocate up to 50% of the proceeds to Green Economy Transition (GET) eligible projects.European Bank for Reconstruction and DevelopmentOTP BANKA SRBIJA ADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGNOVI SAD45.25167 19.8369450000000OTP BANKA SRBIJA ADPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan to OTP Bank Serbia ("OTP"), in the amount of up to EUR 50 million, for on-lending to micro, small and medium enterprises in Serbia. The loan is envisaged under the Financial Intermediaries Framework ("FIF"). The proceeds of the Bank's investment will be exclusively used for providing sub-loans to small and medium-sized enterprises (SMEs) in Serbia, in accordance with the FIF-SME Policy Statement. The bank will aim to allocate up to 50% of the proceeds to Green Economy Transition (GET) eligible projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54792XI-IATI-EBRD-56912European Bank for Reconstruction and DevelopmentA senior unsecured MSME loan of up to EUR 5.5 million under the Financial Intermediaries Framework (FIF) to Kreditimi Rural i Kosoves (KRK), with proceeds to be used for on-lending to MSMEs in Kosovo in accordance with the FIF Policy Statement. The loan will consist of two tranches of EUR 2 million and EUR 3.5 million (uncommitted). The loan will contribute to KRK's strategy to expand lending to the MSME segment, particularly in agricultural and manufacturing sectors, which remain underserved in Kosovo, and will scale up investments eligible under the EBRD's Green Economy Transition (GET) approach.European Bank for Reconstruction and DevelopmentKREDITIMI RURAL I KOSOVES LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRISTINA42.67272 21.166882000000KREDITIMI RURAL I KOSOVES LLCPRIVATEPRIVATEPRIVATEA senior unsecured MSME loan of up to EUR 5.5 million under the Financial Intermediaries Framework (FIF) to Kreditimi Rural i Kosoves (KRK), with proceeds to be used for on-lending to MSMEs in Kosovo in accordance with the FIF Policy Statement. The loan will consist of two tranches of EUR 2 million and EUR 3.5 million (uncommitted). The loan will contribute to KRK's strategy to expand lending to the MSME segment, particularly in agricultural and manufacturing sectors, which remain underserved in Kosovo, and will scale up investments eligible under the EBRD's Green Economy Transition (GET) approach. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56912XI-IATI-EBRD-55225European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan in the amount of up to €5 million to Sparkasse Bank dd BiH ("SPKB"). The loan is envisaged under the FIF SME Go Green Programme. Proceeds of the Loan will be used for providing sub-loans to eligible SMEs in BiH for improving their competitiveness and trade potential via targeted investments in sustainability practices and the adoption of internationally recognised quality standards, scaling up green economy investments and in particular, greening of agribusiness supply chains and promoting more equitable access to climate and other finance to women-led SMEs. SPKB will aim to deliver 70 per cent of the proceeds to Green Economy Transition (GET) eligible projects.European Bank for Reconstruction and DevelopmentSPARKASSE BANK DDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.356445000000SPARKASSE BANK DDPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan in the amount of up to €5 million to Sparkasse Bank dd BiH ("SPKB"). The loan is envisaged under the FIF SME Go Green Programme. Proceeds of the Loan will be used for providing sub-loans to eligible SMEs in BiH for improving their competitiveness and trade potential via targeted investments in sustainability practices and the adoption of internationally recognised quality standards, scaling up green economy investments and in particular, greening of agribusiness supply chains and promoting more equitable access to climate and other finance to women-led SMEs. SPKB will aim to deliver 70 per cent of the proceeds to Green Economy Transition (GET) eligible projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55225XI-IATI-EBRD-55275European Bank for Reconstruction and DevelopmentThe provision of a senior unsecured loan of up to €15 milion, under SME Go Green Programme, to Banca Intesa Belgrade ("BIB"). Proceeds of the Loan will be used for providing sub-loans to eligible SMEs in Serbia for improving their competitiveness and trade potential via targeted investments in sustainability practices and the adoption of internationally recognised quality standards, scaling up green economy investments and in particular, greening of agribusiness supply chains and promoting more equitable access to climate and other finance to women-led SMEs. BIB will aim to deliver 70 percent of the proceeds to Green Economy Transition (GET) eligible projects.European Bank for Reconstruction and DevelopmentBANCA INTESA AD BEOGRADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651315000000BANCA INTESA AD BEOGRADPRIVATEPRIVATEPRIVATEThe provision of a senior unsecured loan of up to €15 milion, under SME Go Green Programme, to Banca Intesa Belgrade ("BIB"). Proceeds of the Loan will be used for providing sub-loans to eligible SMEs in Serbia for improving their competitiveness and trade potential via targeted investments in sustainability practices and the adoption of internationally recognised quality standards, scaling up green economy investments and in particular, greening of agribusiness supply chains and promoting more equitable access to climate and other finance to women-led SMEs. BIB will aim to deliver 70 percent of the proceeds to Green Economy Transition (GET) eligible projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55275XI-IATI-EBRD-54956European Bank for Reconstruction and DevelopmentProvision of a senior secured loan of up to EUR 190,300,000 (out of which 180,300,000 committed and EUR 10,000,000 uncommitted) in favour of Rivus Investments SRL ("Rivus" or the "Company"), a limited liability company incorporated in Romania, to finance the development of mixed-use urban regeneration project located in Cluj-Napoca, Romania (the "Project"). The committed portion of the loan will comprise an "A Loan" portion of up to EUR 122,800,000 for the Bank's own account, and a "B Loan" portion of up to EUR 57,500,000 for the account of commercial lenders as participants. The financing is part of a larger club deal, of up to EUR 400.6 million, alongside parallel lenders. The development of the first two phases of the large-scale urban regeneration project, consisting of a commercial and entertainment center, including various retail components, consolidation and conversion of two historical buildings into a performing arts center and office space, interactive family entertainment centres and the development of infrastructure and landscaping.European Bank for Reconstruction and DevelopmentRIVUS INVESTMENTS SRLEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGIASI47.16667 27.6122800000122800000RIVUS INVESTMENTS SRLPRIVATEPRIVATEPRIVATEProvision of a senior secured loan of up to EUR 190,300,000 (out of which 180,300,000 committed and EUR 10,000,000 uncommitted) in favour of Rivus Investments SRL ("Rivus" or the "Company"), a limited liability company incorporated in Romania, to finance the development of mixed-use urban regeneration project located in Cluj-Napoca, Romania (the "Project"). The committed portion of the loan will comprise an "A Loan" portion of up to EUR 122,800,000 for the Bank's own account, and a "B Loan" portion of up to EUR 57,500,000 for the account of commercial lenders as participants. The financing is part of a larger club deal, of up to EUR 400.6 million, alongside parallel lenders. The development of the first two phases of the large-scale urban regeneration project, consisting of a commercial and entertainment center, including various retail components, consolidation and conversion of two historical buildings into a performing arts center and office space, interactive family entertainment centres and the development of infrastructure and landscaping. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54956XI-IATI-EBRD-55034European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan to Arab Investment Bank (aiBANK) of up to USD 10 million under the Financial Intermediaries Framework for on-lending to eligible local private micro, small and medium-sized enterprises (MSMEs) operating across the agribusiness sector. The project will enable aiBANK to (i) increase the amount of financing available to eligible Egyptian private MSMEs operating across the agribusiness sector, including primary agriculture, agri equipment, logistics, service providers, agri processing and agri wholesalers and retailers and (ii) introduce climate-resilient investments and sustainable practices.European Bank for Reconstruction and DevelopmentBANK NXT SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.249674377133.85BANK NXT SAEPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan to Arab Investment Bank (aiBANK) of up to USD 10 million under the Financial Intermediaries Framework for on-lending to eligible local private micro, small and medium-sized enterprises (MSMEs) operating across the agribusiness sector. The project will enable aiBANK to (i) increase the amount of financing available to eligible Egyptian private MSMEs operating across the agribusiness sector, including primary agriculture, agri equipment, logistics, service providers, agri processing and agri wholesalers and retailers and (ii) introduce climate-resilient investments and sustainable practices. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55034XI-IATI-EBRD-52862European Bank for Reconstruction and DevelopmentThe provision of a senior loan of up to EUR 12 million to the Autonomous Province of Vojvodina (the "Province") for financing the energy efficiency measures in up to 80 public buildings across the Province. The Project will be co-financed by an investment grant of EUR 2 million provided by the European Union under the Regional Energy Efficiency Programme ("REEP") for the Western Balkans. In addition, technical cooperation ("TC") support of EUR 1.9 million expected to be provided by the REEP, the Swedish International Development Cooperation Agency ("Sida"), and the Central European Initiative ("CEI"). The Project is expected to result in energy cost savings and reduction of CO2 emissions, as well as improvement in the comfort of indoor conditions. In total, up to 80 public buildings will benefit from energy efficiency measures including (i) installing thermal insulation to building walls and roofs, (ii) upgrading heating, ventilation and air conditioning systems, including replacement of inefficient and/or coal fired boilers, (iii) installing high-efficiency lighting systems, and (iv) replacing inefficient windows with insulated windows.European Bank for Reconstruction and DevelopmentPROVINCE OF VOJVODINAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGNOVI SAD45.25167 19.836949858084.2312000000PROVINCE OF VOJVODINA1592250PROVINCE OF VOJVODINA276200.7PROVINCE OF VOJVODINA273465.07PROVINCE OF VOJVODINASTATESTATESTATESTATEThe provision of a senior loan of up to EUR 12 million to the Autonomous Province of Vojvodina (the "Province") for financing the energy efficiency measures in up to 80 public buildings across the Province. The Project will be co-financed by an investment grant of EUR 2 million provided by the European Union under the Regional Energy Efficiency Programme ("REEP") for the Western Balkans. In addition, technical cooperation ("TC") support of EUR 1.9 million expected to be provided by the REEP, the Swedish International Development Cooperation Agency ("Sida"), and the Central European Initiative ("CEI"). The Project is expected to result in energy cost savings and reduction of CO2 emissions, as well as improvement in the comfort of indoor conditions. In total, up to 80 public buildings will benefit from energy efficiency measures including (i) installing thermal insulation to building walls and roofs, (ii) upgrading heating, ventilation and air conditioning systems, including replacement of inefficient and/or coal fired boilers, (iii) installing high-efficiency lighting systems, and (iv) replacing inefficient windows with insulated windows. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52862XI-IATI-EBRD-57060European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to €8 million (the "GFF Loan") to be provided under the Green Finance Facility in North Macedonia ("GFF"). The loan is intended to provide sub-loans to SMEs in North Macedonia to support investments in eligible Renewable Energy (RE) and/or Energy Efficiency (EE) projects ("Sub-projects"). 100% of the use of proceeds will be related to Green Economy Transition ("GET") investments.European Bank for Reconstruction and DevelopmentSPARKASSE BANK AD SKOPJEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.431418000000SPARKASSE BANK AD SKOPJEPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to €8 million (the "GFF Loan") to be provided under the Green Finance Facility in North Macedonia ("GFF"). The loan is intended to provide sub-loans to SMEs in North Macedonia to support investments in eligible Renewable Energy (RE) and/or Energy Efficiency (EE) projects ("Sub-projects"). 100% of the use of proceeds will be related to Green Economy Transition ("GET") investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57060XI-IATI-EBRD-57079European Bank for Reconstruction and DevelopmentThe provision of a senior unsecured loan of up to €10 milion, under SME Go Green Programme, to Intesa Leasing Serbia ("ILS"). Proceeds of the Loan will be used for providing sub-leases to eligible SMEs in Serbia for improving their competitiveness and trade potential via targeted investments in sustainability practices and the adoption of internationally recognised quality standards, scaling up green economy investments and in particular, greening of agribusiness supply chains and promoting more equitable access to climate and other finance to women-led SMEs. ILS will aim to deliver 100 percent of the proceeds to Green Economy Transition (GET) eligible projects.European Bank for Reconstruction and DevelopmentINTESA LEASING DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGNEW BELGRADE44.80556 20.424175000000INTESA LEASING DOOPRIVATEPRIVATEPRIVATEThe provision of a senior unsecured loan of up to €10 milion, under SME Go Green Programme, to Intesa Leasing Serbia ("ILS"). Proceeds of the Loan will be used for providing sub-leases to eligible SMEs in Serbia for improving their competitiveness and trade potential via targeted investments in sustainability practices and the adoption of internationally recognised quality standards, scaling up green economy investments and in particular, greening of agribusiness supply chains and promoting more equitable access to climate and other finance to women-led SMEs. ILS will aim to deliver 100 percent of the proceeds to Green Economy Transition (GET) eligible projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57079XI-IATI-EBRD-53556European Bank for Reconstruction and DevelopmentProvision of a senior loan of up to EGP 341 million (ca. EUR 6.6 million) to Abou Ghaly Motors ("AGM" or the "Company") to support acquisition of up to 100 Range Extended Electric Vehicles ("REEVs") to be operated as private taxis as part of the Company's London Cab Egypt services and support the expansion of the e-mobility transport sector in Egypt. The objective of the Project is to support AGM's operational expansion along a low carbon transition pathway through the purchase of additional REEVs, which is expected to have a positive demonstration effect for electric mobility in both the public and private sectors in Egypt. The company is planning to gradually retire the 24 ICE vehicles once the new REEVs are delivered and fully operational.European Bank for Reconstruction and DevelopmentABOU GHALY MOTORSEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.249674841465.789396335.91ABOU GHALY MOTORSPRIVATEPRIVATEPRIVATEProvision of a senior loan of up to EGP 341 million (ca. EUR 6.6 million) to Abou Ghaly Motors ("AGM" or the "Company") to support acquisition of up to 100 Range Extended Electric Vehicles ("REEVs") to be operated as private taxis as part of the Company's London Cab Egypt services and support the expansion of the e-mobility transport sector in Egypt. The objective of the Project is to support AGM's operational expansion along a low carbon transition pathway through the purchase of additional REEVs, which is expected to have a positive demonstration effect for electric mobility in both the public and private sectors in Egypt. The company is planning to gradually retire the 24 ICE vehicles once the new REEVs are delivered and fully operational. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53556XI-IATI-EBRD-54032European Bank for Reconstruction and DevelopmentSovereign loan of up to EUR 8 million to BiH which will be on-lent through a legislated cascade of sub-loans from BiH to the FBiH and then to Tuzla Canton to finance energy efficiency ("EE") measures in up to 173 public buildings in the Tuzla Canton (the "Project"). The loan will be complemented by EUR 2 million of investment grants from the European Union (the "EU") under the Regional Energy Efficiency Programme ("REEP"). The majority of the buildings are schools, including sports halls, and local health care institutions. The EE measures include thermal insulation of walls and roofs/ceiling as well as replacement of windows, energy sources and lighting. The Project will serve as a trigger investment under the Green Cities Framework 2 - Window II Extension 2 ("GrCF2 W2 E2"), initiating Tuzla Canton's participation in EBRD Green Cities. The Project will enable considerable primary energy savings and GHG emissions reduction from the heating and lighting of public buildings in the Canton. This will be made possible through EE renovations in up to 173 buildings and through a reduction in demand for fossil fuels as an energy source and the transition from heavily polluting sources (e.g. coal) to more sustainable energy sources (e.g. biomass). A significant improvement in the energy class, currently on average D, is also expected. The Project will also improve the Canton's procurement capacity and standards in line with international best practice. Finally, the Project will enable the development of a Green City Action Plan ("GCAP") for the Tuzla Canton, which will address the Canton's environmental priorities and challenges.European Bank for Reconstruction and DevelopmentBOSNIA AND HERZEGOVINA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.3564480000008000000BOSNIA AND HERZEGOVINA SOVEREIGNSTATESTATESTATESTATESovereign loan of up to EUR 8 million to BiH which will be on-lent through a legislated cascade of sub-loans from BiH to the FBiH and then to Tuzla Canton to finance energy efficiency ("EE") measures in up to 173 public buildings in the Tuzla Canton (the "Project"). The loan will be complemented by EUR 2 million of investment grants from the European Union (the "EU") under the Regional Energy Efficiency Programme ("REEP"). The majority of the buildings are schools, including sports halls, and local health care institutions. The EE measures include thermal insulation of walls and roofs/ceiling as well as replacement of windows, energy sources and lighting. The Project will serve as a trigger investment under the Green Cities Framework 2 - Window II Extension 2 ("GrCF2 W2 E2"), initiating Tuzla Canton's participation in EBRD Green Cities. The Project will enable considerable primary energy savings and GHG emissions reduction from the heating and lighting of public buildings in the Canton. This will be made possible through EE renovations in up to 173 buildings and through a reduction in demand for fossil fuels as an energy source and the transition from heavily polluting sources (e.g. coal) to more sustainable energy sources (e.g. biomass). A significant improvement in the energy class, currently on average D, is also expected. The Project will also improve the Canton's procurement capacity and standards in line with international best practice. Finally, the Project will enable the development of a Green City Action Plan ("GCAP") for the Tuzla Canton, which will address the Canton's environmental priorities and challenges. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54032XI-IATI-EBRD-55234European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to € 8 milion to be provided under the Go Digital Pilot in BiH programme (the "Programme"), with up to 5 years maturity, including 2 years of grace period; this will be ISP BiH's second loan under the programme, after the € 8 million signed in December 2022 which has been successfully utilized. The loan will be fully guaranteed by the client's ultimate shareholder, Intesa Sanpaolo S.p.A. The Project supports the aim of the Programme to: (i) improve SMEs' access to finance in order to invest additional resources to introduce EU standards through the provision of financing and investment incentives; (ii) pilot an approach to supporting SMEs that invest in automation and digitalisation, (iii) support transition to a green economy ("GET technologies"), by targeting a GET-eligible share of at least 60%, and (iv) increase the awareness and knowledge of SMEs in BiH through the Advice for Small Business ("ASB") services with a focus on automation and digitalisation projects.European Bank for Reconstruction and DevelopmentINTESA SANPAOLO BANKA DD BOSNIA AND HERZEGOVINAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.356448000000INTESA SANPAOLO BANKA DD BOSNIA AND HERZEGOVINAPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to € 8 milion to be provided under the Go Digital Pilot in BiH programme (the "Programme"), with up to 5 years maturity, including 2 years of grace period; this will be ISP BiH's second loan under the programme, after the € 8 million signed in December 2022 which has been successfully utilized. The loan will be fully guaranteed by the client's ultimate shareholder, Intesa Sanpaolo S.p.A. The Project supports the aim of the Programme to: (i) improve SMEs' access to finance in order to invest additional resources to introduce EU standards through the provision of financing and investment incentives; (ii) pilot an approach to supporting SMEs that invest in automation and digitalisation, (iii) support transition to a green economy ("GET technologies"), by targeting a GET-eligible share of at least 60%, and (iv) increase the awareness and knowledge of SMEs in BiH through the Advice for Small Business ("ASB") services with a focus on automation and digitalisation projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55234XI-IATI-EBRD-52471European Bank for Reconstruction and DevelopmentA loan of up to EUR 20.3 million (or RON equivalent) to the City of Timisoara to support the City's priority public transport infrastructure alongside EU co-financing under the relevant EU Regional Operational Programme 2014-2020. The loan will support: (i) the renewal of the City's tram fleet,(ii) the rehabilitation of the tram line, (iii) the update of the City's sustainable urban mobility plan, (iv) the improvement of public transport services in Timisoara, and (v) the preparation of a Green City Action Plan. By November 2023, the EBRD is extending the original loan to cover the cost overruns associated with the original project and finance a new component: acquisition of 44 electric buses. The amount of the loan extension is EUR 15.14 million. The main purpose of the Project is to improve the e-mobility in the City and its metropolitan area and reduce pollution caused by traffic congestion, focusing on the modernisation of its public transport system. To pursue the transition towards a greener future across all urban sectors, the City also takes a strategic approach by joining EBRD Green Cities. With this project serving as the City's "trigger" investment under the programme, EBRD will support the City to develop a Green City Action Plan ('GCAP').European Bank for Reconstruction and DevelopmentCITY OF TIMISOARAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTIMISOARA45.75372 21.2257150000035440000CITY OF TIMISOARA583871.45CITY OF TIMISOARA554120.21CITY OF TIMISOARA404323CITY OF TIMISOARA449611.86CITY OF TIMISOARA374893.39CITY OF TIMISOARA2712877CITY OF TIMISOARA3229772CITY OF TIMISOARA4634679CITY OF TIMISOARA1808125CITY OF TIMISOARA577480CITY OF TIMISOARA835836CITY OF TIMISOARA173028CITY OF TIMISOARA703006CITY OF TIMISOARA369930CITY OF TIMISOARA452911CITY OF TIMISOARA160645CITY OF TIMISOARA5423686.24CITY OF TIMISOARA5248337.45CITY OF TIMISOARA751929CITY OF TIMISOARA1375676CITY OF TIMISOARA4115262.4CITY OF TIMISOARASTATESTATESTATESTATEA loan of up to EUR 20.3 million (or RON equivalent) to the City of Timisoara to support the City's priority public transport infrastructure alongside EU co-financing under the relevant EU Regional Operational Programme 2014-2020. The loan will support: (i) the renewal of the City's tram fleet,(ii) the rehabilitation of the tram line, (iii) the update of the City's sustainable urban mobility plan, (iv) the improvement of public transport services in Timisoara, and (v) the preparation of a Green City Action Plan. By November 2023, the EBRD is extending the original loan to cover the cost overruns associated with the original project and finance a new component: acquisition of 44 electric buses. The amount of the loan extension is EUR 15.14 million. The main purpose of the Project is to improve the e-mobility in the City and its metropolitan area and reduce pollution caused by traffic congestion, focusing on the modernisation of its public transport system. To pursue the transition towards a greener future across all urban sectors, the City also takes a strategic approach by joining EBRD Green Cities. With this project serving as the City's "trigger" investment under the programme, EBRD will support the City to develop a Green City Action Plan ('GCAP'). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52471XI-IATI-EBRD-57115European Bank for Reconstruction and DevelopmentThe provision of a senior secured loan of up to US$ 50 million in KZT equivalent to Bank CenterCredit JSC (BCC) (YiB loan) under the Youth in Business Programme in Central Asia (YiB CA Programme). The financing will be used to support youth-led and youth-owned micro, small and medium-sized enterprises in Kazakhstan. The YiB loan will be provided in two equal tranches, of which the second will be uncommitted. The proposed loan will enable BCC to (i) support youth led/owned MSMEs in overcoming the challenges of a difficult market environment and strengthening their resilience and adaptability; (ii) diversify its funding base; and (iii) continue to offer a product encompassing both financing and nonfinancial services (NFS) targeted at young entrepreneurs, thereby improving their access to finance.European Bank for Reconstruction and DevelopmentBANK CENTERCREDIT JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGALMATY43.25667 76.9286121333663.59BANK CENTERCREDIT JSCPRIVATEPRIVATEPRIVATEThe provision of a senior secured loan of up to US$ 50 million in KZT equivalent to Bank CenterCredit JSC (BCC) (YiB loan) under the Youth in Business Programme in Central Asia (YiB CA Programme). The financing will be used to support youth-led and youth-owned micro, small and medium-sized enterprises in Kazakhstan. The YiB loan will be provided in two equal tranches, of which the second will be uncommitted. The proposed loan will enable BCC to (i) support youth led/owned MSMEs in overcoming the challenges of a difficult market environment and strengthening their resilience and adaptability; (ii) diversify its funding base; and (iii) continue to offer a product encompassing both financing and nonfinancial services (NFS) targeted at young entrepreneurs, thereby improving their access to finance. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57115XI-IATI-EBRD-52772European Bank for Reconstruction and DevelopmentThe provision of a senior secured loan of up to USD 150 million on a project finance basis to finance the development, design, construction and operation of the 500 MW Bash WPP located in the Gijduvon district, Bukhara region of Uzbekistan. The project also entails B loans for the account of the expected B Lenders. This is one of the pilot wind projects developed by ACWA Power and the Government of Uzbekistan under the Government's efforts to attract private investment to the generation sector. The project will be highly representative in terms of energy supply diversification, increased use of renewables potential and attracting private investment. It will assist the country in its low-carbon transition, reducing its current high reliance on thermal power generation.European Bank for Reconstruction and DevelopmentACWA POWER BASH WIND FE LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.21627131314015.59ACWA POWER BASH WIND FE LLCPRIVATEPRIVATEPRIVATEThe provision of a senior secured loan of up to USD 150 million on a project finance basis to finance the development, design, construction and operation of the 500 MW Bash WPP located in the Gijduvon district, Bukhara region of Uzbekistan. The project also entails B loans for the account of the expected B Lenders. This is one of the pilot wind projects developed by ACWA Power and the Government of Uzbekistan under the Government's efforts to attract private investment to the generation sector. The project will be highly representative in terms of energy supply diversification, increased use of renewables potential and attracting private investment. It will assist the country in its low-carbon transition, reducing its current high reliance on thermal power generation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52772XI-IATI-EBRD-45756European Bank for Reconstruction and DevelopmentIn 2011 the EBRD established a sovereign framework of up to EUR 20 million to co-finance with international donors priority water and wastewater rehabilitation projects across the Kyrgyz Republic. Under the framework the Bank provides sovereign loans, on-lent or on-granted to participating water companies. The sub-projects address urgently needed water and wastewater infrastructure rehabilitation needs. The original framework is now fully subscribed and the Bank has approved an extension of the facility of EUR 20 million. Under the extended framework the EBRD is supporting the Cholpon-Ata Water Sub-Project. The EBRD would extend a sovereign loan of up to EUR 1.0 million to the Kyrgyz Republic, to be transferred to Cholpon-Ata City for the benefit of the Cholpon-Ata Water Company for water system rehabilitation. The EU Investment Facility for Central Asia (IFCA) will provide a grant in the amount of EUR 3.1 million to co-finance implementation of the sub-project. Additional co-financing in the amount of EUR 1.0 million is expected from an IFI. The overall objectives of this sub-project are to: (a) rehabilitate the water supply system; and (b) improve financial and operational management.European Bank for Reconstruction and DevelopmentKYRGYZ REPUBLIC SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCHOLPON-ATA42.64944 77.082251000000KYRGYZ REPUBLIC SOVEREIGN10000KYRGYZ REPUBLIC SOVEREIGN36667.6KYRGYZ REPUBLIC SOVEREIGN47843.68KYRGYZ REPUBLIC SOVEREIGN153269.83KYRGYZ REPUBLIC SOVEREIGN145527.35KYRGYZ REPUBLIC SOVEREIGN54795.29KYRGYZ REPUBLIC SOVEREIGN27725.66KYRGYZ REPUBLIC SOVEREIGN403890.79KYRGYZ REPUBLIC SOVEREIGN83503.21KYRGYZ REPUBLIC SOVEREIGN28141.75KYRGYZ REPUBLIC SOVEREIGN8390.79KYRGYZ REPUBLIC SOVEREIGN238.97KYRGYZ REPUBLIC SOVEREIGNSTATESTATESTATESTATEIn 2011 the EBRD established a sovereign framework of up to EUR 20 million to co-finance with international donors priority water and wastewater rehabilitation projects across the Kyrgyz Republic. Under the framework the Bank provides sovereign loans, on-lent or on-granted to participating water companies. The sub-projects address urgently needed water and wastewater infrastructure rehabilitation needs. The original framework is now fully subscribed and the Bank has approved an extension of the facility of EUR 20 million. Under the extended framework the EBRD is supporting the Cholpon-Ata Water Sub-Project. The EBRD would extend a sovereign loan of up to EUR 1.0 million to the Kyrgyz Republic, to be transferred to Cholpon-Ata City for the benefit of the Cholpon-Ata Water Company for water system rehabilitation. The EU Investment Facility for Central Asia (IFCA) will provide a grant in the amount of EUR 3.1 million to co-finance implementation of the sub-project. Additional co-financing in the amount of EUR 1.0 million is expected from an IFI. The overall objectives of this sub-project are to: (a) rehabilitate the water supply system; and (b) improve financial and operational management. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/45756XI-IATI-EBRD-47526European Bank for Reconstruction and DevelopmentThe EBRD is providing a loan of up to KZT 2,247 million (EUR 5.9 million equivalent) to State Communal Enterprise Oskemen Vodokanal, a municipal water and wastewater treatment company in the City of Ust-Kamenogorsk, East-Kazakhstan oblast in the Republic of Kazakhstan, to support the rehabilitation and upgrade of the water and wastewater infrastructure in the City. The Loan will be used to finance priority capital investments, full reconstruction of a major water intake and two waste water pumping stations, as well as purchase of specialised vehicles (the "Project"). This will result in enhanced energy and water efficiency and development of monitoring and automation systems.European Bank for Reconstruction and DevelopmentWATER AND SEWAGE COMPANY OF THE CITY OF OSKEMENEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGOSKEMEN49.96667 82.666674066875.23WATER AND SEWAGE COMPANY OF THE CITY OF OSKEMEN555625.43WATER AND SEWAGE COMPANY OF THE CITY OF OSKEMEN542956.44WATER AND SEWAGE COMPANY OF THE CITY OF OSKEMEN235281.13WATER AND SEWAGE COMPANY OF THE CITY OF OSKEMEN995420.15WATER AND SEWAGE COMPANY OF THE CITY OF OSKEMEN215372.95WATER AND SEWAGE COMPANY OF THE CITY OF OSKEMEN148408.43WATER AND SEWAGE COMPANY OF THE CITY OF OSKEMEN88682.33WATER AND SEWAGE COMPANY OF THE CITY OF OSKEMEN38549.91WATER AND SEWAGE COMPANY OF THE CITY OF OSKEMEN79633.61WATER AND SEWAGE COMPANY OF THE CITY OF OSKEMEN222612.14WATER AND SEWAGE COMPANY OF THE CITY OF OSKEMEN944332.72WATER AND SEWAGE COMPANY OF THE CITY OF OSKEMENSTATESTATESTATESTATEThe EBRD is providing a loan of up to KZT 2,247 million (EUR 5.9 million equivalent) to State Communal Enterprise Oskemen Vodokanal, a municipal water and wastewater treatment company in the City of Ust-Kamenogorsk, East-Kazakhstan oblast in the Republic of Kazakhstan, to support the rehabilitation and upgrade of the water and wastewater infrastructure in the City. The Loan will be used to finance priority capital investments, full reconstruction of a major water intake and two waste water pumping stations, as well as purchase of specialised vehicles (the "Project"). This will result in enhanced energy and water efficiency and development of monitoring and automation systems. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47526XI-IATI-EBRD-55434European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 5 million to ProCredit Bank Kosovo ("PCBK") to be provided in two tranches (a first tranche of up to EUR 2 million and a second tranche of up to EUR 3 million) under the Western Balkans GEFF III - REpower Residential ("WB GEFF III"). The second tranche will be uncommitted and its commitment will be on EBRD's sole discretion. The loan is intended to make available financing for investments in high-performance energy efficiency and renewable energy technologies, materials and solutions undertaken in or in relation to privately owned residential dwellings or buildings, construction of GET-eligible High energy Performance Residential Buildings (HPRBs) and eligible Energy Efficiency and/or Renewable Energy projects in the Public Sector. 100% of the use of proceeds will be related to investments eligible under the EBRD's Green Economy Transition ("GET") approach.European Bank for Reconstruction and DevelopmentPROCREDIT BANK SH A KOSOVOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRISTINA42.67272 21.166882000000PROCREDIT BANK SH A KOSOVOPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 5 million to ProCredit Bank Kosovo ("PCBK") to be provided in two tranches (a first tranche of up to EUR 2 million and a second tranche of up to EUR 3 million) under the Western Balkans GEFF III - REpower Residential ("WB GEFF III"). The second tranche will be uncommitted and its commitment will be on EBRD's sole discretion. The loan is intended to make available financing for investments in high-performance energy efficiency and renewable energy technologies, materials and solutions undertaken in or in relation to privately owned residential dwellings or buildings, construction of GET-eligible High energy Performance Residential Buildings (HPRBs) and eligible Energy Efficiency and/or Renewable Energy projects in the Public Sector. 100% of the use of proceeds will be related to investments eligible under the EBRD's Green Economy Transition ("GET") approach. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55434XI-IATI-EBRD-48681European Bank for Reconstruction and DevelopmentA EUR 5 million increase in protfolio risk-sharing allocation to Intesa Sanpaolo Bank Albania (ISBA) under the Albanian Agribusiness and Tourism Support Facility (AATSF). The project is aimed at increasing ISBA's capacity to provide on-lending to the agribusiness and tourism sectors, addressing a financing gap in the market. In addition, 20% of the proposed EUR 5 million allocation increase is to cover Green Economy Transition (GET) eligible sub-projects.European Bank for Reconstruction and DevelopmentINTESA SANPAOLO BANK ALBANIA SHAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTIRANA41.3275 19.818892000000020000000INTESA SANPAOLO BANK ALBANIA SHAPRIVATEPRIVATEPRIVATEA EUR 5 million increase in protfolio risk-sharing allocation to Intesa Sanpaolo Bank Albania (ISBA) under the Albanian Agribusiness and Tourism Support Facility (AATSF). The project is aimed at increasing ISBA's capacity to provide on-lending to the agribusiness and tourism sectors, addressing a financing gap in the market. In addition, 20% of the proposed EUR 5 million allocation increase is to cover Green Economy Transition (GET) eligible sub-projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48681XI-IATI-EBRD-55824European Bank for Reconstruction and DevelopmentProvision of a 4-year loan of USD 22.6 million to Hassan Allam Holding SAE ("HAH"). The transaction will help in strengthening the resilience of the subsidiary operating company, Hassan Allam Construction SAE ("HAC") by way of a capital increase to deliver on its growing backlog. The Loan will finance a capital injection into HAH's main contracting arm in Egypt Hassan Allam Construction ("HAC"), to support HAC's long-term working capital needs.European Bank for Reconstruction and DevelopmentHASSAN ALLAM HOLDING SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496719784645.01HASSAN ALLAM HOLDING SAEPRIVATEPRIVATEPRIVATEProvision of a 4-year loan of USD 22.6 million to Hassan Allam Holding SAE ("HAH"). The transaction will help in strengthening the resilience of the subsidiary operating company, Hassan Allam Construction SAE ("HAC") by way of a capital increase to deliver on its growing backlog. The Loan will finance a capital injection into HAH's main contracting arm in Egypt Hassan Allam Construction ("HAC"), to support HAC's long-term working capital needs. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55824XI-IATI-EBRD-53184European Bank for Reconstruction and DevelopmentProvision of a senior loan of up to EUR 10 million to M-NAV, Air Navigation Services Provider of the Republic of North Macedonia, GOJSC ("M-NAV", the "company"), a state-owned air navigation service provider of North Macedonia and the Bank's existing client. The loan will be co-financed with a senior loan from a local bank in the amount of up to EUR 5 million. The proceeds will be used to refinance the Bank's current exposure under the M-NAV Modernisation project (44067), finance the remaining capex under the current project and provide liquidity support. The project aims to support M-NAV, which has been negatively impacted by the drastic decrease in air traffic due to Covid-19, by providing capex financing and liquidty support. The EBRD loan will finance the three remaining contracts under the M-NAV Modernisation project (ATM, VCS, and Mode S radar at Skopje), and the local bank loan will be used to refinance the current EBRD exposure and provide liquidity support. The proposed transaction is in line with the Vital Infrastructure Support Programme (VISP) under the Bank's COVID-19 Solidarity Package.European Bank for Reconstruction and DevelopmentM-NAV GOJSC SKOPJE GOVERNMENT - OWNED JOINT STOCK COMPANY FOR AIR TRAFFIC MANAGEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGILINDEN42 21.633335541767.889770000M-NAV GOJSC SKOPJE GOVERNMENT - OWNED JOINT STOCK COMPANY FOR AIR TRAFFIC MANAGE898000M-NAV GOJSC SKOPJE GOVERNMENT - OWNED JOINT STOCK COMPANY FOR AIR TRAFFIC MANAGE601079.61M-NAV GOJSC SKOPJE GOVERNMENT - OWNED JOINT STOCK COMPANY FOR AIR TRAFFIC MANAGE252861.99M-NAV GOJSC SKOPJE GOVERNMENT - OWNED JOINT STOCK COMPANY FOR AIR TRAFFIC MANAGE242225.5M-NAV GOJSC SKOPJE GOVERNMENT - OWNED JOINT STOCK COMPANY FOR AIR TRAFFIC MANAGE107258.76M-NAV GOJSC SKOPJE GOVERNMENT - OWNED JOINT STOCK COMPANY FOR AIR TRAFFIC MANAGE353379.77M-NAV GOJSC SKOPJE GOVERNMENT - OWNED JOINT STOCK COMPANY FOR AIR TRAFFIC MANAGE477750M-NAV GOJSC SKOPJE GOVERNMENT - OWNED JOINT STOCK COMPANY FOR AIR TRAFFIC MANAGE63000M-NAV GOJSC SKOPJE GOVERNMENT - OWNED JOINT STOCK COMPANY FOR AIR TRAFFIC MANAGE257250M-NAV GOJSC SKOPJE GOVERNMENT - OWNED JOINT STOCK COMPANY FOR AIR TRAFFIC MANAGE126000M-NAV GOJSC SKOPJE GOVERNMENT - OWNED JOINT STOCK COMPANY FOR AIR TRAFFIC MANAGE495575.44M-NAV GOJSC SKOPJE GOVERNMENT - OWNED JOINT STOCK COMPANY FOR AIR TRAFFIC MANAGE353851.05M-NAV GOJSC SKOPJE GOVERNMENT - OWNED JOINT STOCK COMPANY FOR AIR TRAFFIC MANAGESTATESTATESTATESTATEProvision of a senior loan of up to EUR 10 million to M-NAV, Air Navigation Services Provider of the Republic of North Macedonia, GOJSC ("M-NAV", the "company"), a state-owned air navigation service provider of North Macedonia and the Bank's existing client. The loan will be co-financed with a senior loan from a local bank in the amount of up to EUR 5 million. The proceeds will be used to refinance the Bank's current exposure under the M-NAV Modernisation project (44067), finance the remaining capex under the current project and provide liquidity support. The project aims to support M-NAV, which has been negatively impacted by the drastic decrease in air traffic due to Covid-19, by providing capex financing and liquidty support. The EBRD loan will finance the three remaining contracts under the M-NAV Modernisation project (ATM, VCS, and Mode S radar at Skopje), and the local bank loan will be used to refinance the current EBRD exposure and provide liquidity support. The proposed transaction is in line with the Vital Infrastructure Support Programme (VISP) under the Bank's COVID-19 Solidarity Package. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53184XI-IATI-EBRD-55818European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 4 million ("Loan") to be provided in two equal tranches under the Western Balkans GEFF III REpower Residential Programme. The proceeds of the Bank's investment will support investments in high-performance energy efficiency technologies, materials and solutions undertaken in privately owned residential dwellings or buildings.European Bank for Reconstruction and DevelopmentPARTNER MIKROKREDITNA FONDACIJA TUZLAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTUZLA44.53842 18.667094000000PARTNER MIKROKREDITNA FONDACIJA TUZLAPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 4 million ("Loan") to be provided in two equal tranches under the Western Balkans GEFF III REpower Residential Programme. The proceeds of the Bank's investment will support investments in high-performance energy efficiency technologies, materials and solutions undertaken in privately owned residential dwellings or buildings. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55818XI-IATI-EBRD-53313European Bank for Reconstruction and DevelopmentA senior loan of up to USD 125 million in favour of the Damietta Alliance Container Terminal (the "Company", the "Borrower"), a special purpose vehicle established to develop a second Container Terminal in Damietta Port ("CT II"or the "Project") on the basis of a 30-year Build, Operate and Transfer Concession Agreement granted by the port landlord, Damietta Port Authority ("DPA"). The Loan is part of a financing package of USD 455 million expected to be co-financed by the Asian Infrastructure Investment Bank ("AIIB"), Deutsche Investitions und Entwicklungsgesellschaft ("DEG"), the International Finance Corporation ("IFC"), and Proparco. The Project will support the development of the superstructure and purchase of equipment for CT II thereby significantly increasing Damietta Port's competitive position. The Project promotes private sector participation in the infrastructure sector, which will help Damietta Port become a strategic transhipment hub in the East Mediterranean ("East Med"). The Project will also support human capital development within the Damietta Region by broadening access to market relevant skills and training in the sector, and helping reduce the skills gaps in the region by developing a skills development strategy responding to emerging and future needs of the ports and logistics sector.European Bank for Reconstruction and DevelopmentDAMIETTA ALLIANCE CONTAINER TERMINAL SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496718310004.9577119773.98DAMIETTA ALLIANCE CONTAINER TERMINAL SAEPRIVATEPRIVATEPRIVATEA senior loan of up to USD 125 million in favour of the Damietta Alliance Container Terminal (the "Company", the "Borrower"), a special purpose vehicle established to develop a second Container Terminal in Damietta Port ("CT II"or the "Project") on the basis of a 30-year Build, Operate and Transfer Concession Agreement granted by the port landlord, Damietta Port Authority ("DPA"). The Loan is part of a financing package of USD 455 million expected to be co-financed by the Asian Infrastructure Investment Bank ("AIIB"), Deutsche Investitions und Entwicklungsgesellschaft ("DEG"), the International Finance Corporation ("IFC"), and Proparco. The Project will support the development of the superstructure and purchase of equipment for CT II thereby significantly increasing Damietta Port's competitive position. The Project promotes private sector participation in the infrastructure sector, which will help Damietta Port become a strategic transhipment hub in the East Mediterranean ("East Med"). The Project will also support human capital development within the Damietta Region by broadening access to market relevant skills and training in the sector, and helping reduce the skills gaps in the region by developing a skills development strategy responding to emerging and future needs of the ports and logistics sector. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53313XI-IATI-EBRD-52749European Bank for Reconstruction and DevelopmentThe Project involves an equity co-investment via Meridiam Co-Investment Infrastructure Eastern Europe SLP managed by Meridiam SAS ("Meridiam") to acquire an indirect minority equity stake in SOF Connect AD (the "Company"), a limited liability company established in Bulgaria for the purposes of operations and management of Sofia Airport on the basis of the Concession agreement with the Government. The investment is alongside Meridiam Infrastructure Europe III and Meridiam Infrastructure Eastern Europe III ("Meridiam Funds"), which are already indirect shareholders of the Company. The Bank's financing would support expansion of the private sector participation in the infrastructure sector in Bulgaria. Meridiam is one of the few infrastructure funds actively pursuing investment opportunities in this region. Through this equity investment, the Bank will contribute to and support Meridiam's ambition to make Sofia Airport a pilot for sustainability, leveraging the opportunity for capex and operational upgrade. The Bank's investment may also have a demonstration impact and help to attract other infrastructure investment funds to the region.European Bank for Reconstruction and DevelopmentMERIDIAM EASTERN EUROPE INVESTMENTS SASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSOFIA42.69751 23.3241520483841.4674164927.85MERIDIAM EASTERN EUROPE INVESTMENTS SASPRIVATEPRIVATEPRIVATEThe Project involves an equity co-investment via Meridiam Co-Investment Infrastructure Eastern Europe SLP managed by Meridiam SAS ("Meridiam") to acquire an indirect minority equity stake in SOF Connect AD (the "Company"), a limited liability company established in Bulgaria for the purposes of operations and management of Sofia Airport on the basis of the Concession agreement with the Government. The investment is alongside Meridiam Infrastructure Europe III and Meridiam Infrastructure Eastern Europe III ("Meridiam Funds"), which are already indirect shareholders of the Company. The Bank's financing would support expansion of the private sector participation in the infrastructure sector in Bulgaria. Meridiam is one of the few infrastructure funds actively pursuing investment opportunities in this region. Through this equity investment, the Bank will contribute to and support Meridiam's ambition to make Sofia Airport a pilot for sustainability, leveraging the opportunity for capex and operational upgrade. The Bank's investment may also have a demonstration impact and help to attract other infrastructure investment funds to the region. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52749XI-IATI-EBRD-47372European Bank for Reconstruction and DevelopmentThe European Bank for Reconstruction and Development is providing a sovereign loan to BiH of up to EUR 60 million for on-lending to the Federation of Bosnia and Herzegovina ('FBH') and further to the FBH Motorways. The proceeds of the loan will be used for the construction of (i) an approximately 7.2 km road section of four lane motorway to international standard between Buna and Pocitelj, and (ii) an approximately 2.1 km road section of four lane motorway to international standard between Donja Gracanica and Zenica North in the FBH. The Project is part of Trans European Corridor Vc which connects Port of Ploce in Croatia with Budapest and is part of Route 2 of the South-East Europe Transport Observatoryis (SEETO) Comprehensive Network.European Bank for Reconstruction and DevelopmentBOSNIA AND HERZEGOVINA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.3564480000000BOSNIA AND HERZEGOVINA SOVEREIGN800000BOSNIA AND HERZEGOVINA SOVEREIGN2195930.21BOSNIA AND HERZEGOVINA SOVEREIGN16100BOSNIA AND HERZEGOVINA SOVEREIGN16100BOSNIA AND HERZEGOVINA SOVEREIGN296302.12BOSNIA AND HERZEGOVINA SOVEREIGN420806.75BOSNIA AND HERZEGOVINA SOVEREIGN5757270.88BOSNIA AND HERZEGOVINA SOVEREIGN602828.44BOSNIA AND HERZEGOVINA SOVEREIGN450447.89BOSNIA AND HERZEGOVINA SOVEREIGN451604.7BOSNIA AND HERZEGOVINA SOVEREIGN243328.57BOSNIA AND HERZEGOVINA SOVEREIGN662186.91BOSNIA AND HERZEGOVINA SOVEREIGN282166.5BOSNIA AND HERZEGOVINA SOVEREIGN330593.53BOSNIA AND HERZEGOVINA SOVEREIGN740293.83BOSNIA AND HERZEGOVINA SOVEREIGN675037.59BOSNIA AND HERZEGOVINA SOVEREIGN399819.55BOSNIA AND HERZEGOVINA SOVEREIGN607186.43BOSNIA AND HERZEGOVINA SOVEREIGN761356.85BOSNIA AND HERZEGOVINA SOVEREIGN231205.55BOSNIA AND HERZEGOVINA SOVEREIGN1129907.83BOSNIA AND HERZEGOVINA SOVEREIGN114700.22BOSNIA AND HERZEGOVINA SOVEREIGN1024700.07BOSNIA AND HERZEGOVINA SOVEREIGN128422.77BOSNIA AND HERZEGOVINA SOVEREIGN1558761.42BOSNIA AND HERZEGOVINA SOVEREIGN128755.9BOSNIA AND HERZEGOVINA SOVEREIGN1880527.82BOSNIA AND HERZEGOVINA SOVEREIGN294020.75BOSNIA AND HERZEGOVINA SOVEREIGN1908553.45BOSNIA AND HERZEGOVINA SOVEREIGN6806779.05BOSNIA AND HERZEGOVINA SOVEREIGN64699.03BOSNIA AND HERZEGOVINA SOVEREIGN321043.38BOSNIA AND HERZEGOVINA SOVEREIGN2902611.96BOSNIA AND HERZEGOVINA SOVEREIGN391306.83BOSNIA AND HERZEGOVINA SOVEREIGN2555290.8BOSNIA AND HERZEGOVINA SOVEREIGN433050.08BOSNIA AND HERZEGOVINA SOVEREIGN2471030.19BOSNIA AND HERZEGOVINA SOVEREIGN695075.05BOSNIA AND HERZEGOVINA SOVEREIGN2265201.42BOSNIA AND HERZEGOVINA SOVEREIGN687048.48BOSNIA AND HERZEGOVINA SOVEREIGN2047116.61BOSNIA AND HERZEGOVINA SOVEREIGN445700.08BOSNIA AND HERZEGOVINA SOVEREIGN3134761.21BOSNIA AND HERZEGOVINA SOVEREIGN3159054.17BOSNIA AND HERZEGOVINA SOVEREIGN397044.95BOSNIA AND HERZEGOVINA SOVEREIGN3434232.57BOSNIA AND HERZEGOVINA SOVEREIGN4677457.67BOSNIA AND HERZEGOVINA SOVEREIGN4020681.78BOSNIA AND HERZEGOVINA SOVEREIGN888123.48BOSNIA AND HERZEGOVINA SOVEREIGN3171853.11BOSNIA AND HERZEGOVINA SOVEREIGN556856.85BOSNIA AND HERZEGOVINA SOVEREIGN316211.88BOSNIA AND HERZEGOVINA SOVEREIGN641870.04BOSNIA AND HERZEGOVINA SOVEREIGN490212.02BOSNIA AND HERZEGOVINA SOVEREIGNSTATESTATESTATESTATEThe European Bank for Reconstruction and Development is providing a sovereign loan to BiH of up to EUR 60 million for on-lending to the Federation of Bosnia and Herzegovina ('FBH') and further to the FBH Motorways. The proceeds of the loan will be used for the construction of (i) an approximately 7.2 km road section of four lane motorway to international standard between Buna and Pocitelj, and (ii) an approximately 2.1 km road section of four lane motorway to international standard between Donja Gracanica and Zenica North in the FBH. The Project is part of Trans European Corridor Vc which connects Port of Ploce in Croatia with Budapest and is part of Route 2 of the South-East Europe Transport Observatoryis (SEETO) Comprehensive Network. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47372XI-IATI-EBRD-56223European Bank for Reconstruction and DevelopmentProvision of a long-term loan by EBRD and ENEF II to Viva Fresh (the "Company") to finance part of the cost of the acquisition of 100% of the shareholding of Spar Albania (the "Target"). The Project will support Viva Fresh's regional expansion into neighbouring Albania, through its cross-border acquisition of the 2nd main food and beverages retail chain, Spar Albania franchise, and subsequent investment program for roll-out of new stores and refurbishment of some existing stores in Albania. Through it, the project will support the expansion of modern retail in Albania and regional integration of supply and logistics chains in food and beverage distribution and retail. The project will also support enhanced sustainability measures expected to lead to the attainment of the international green building certification EDGE "Advanced" (Level 2) or higher for new and renovated stores by the client in Albania and Kosovo.European Bank for Reconstruction and DevelopmentVIVA FRESH SHPKEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTIRANA41.3275 19.81889PRISTINA42.67272 21.1668822000000VIVA FRESH SHPKPRIVATEPRIVATEPRIVATEProvision of a long-term loan by EBRD and ENEF II to Viva Fresh (the "Company") to finance part of the cost of the acquisition of 100% of the shareholding of Spar Albania (the "Target"). The Project will support Viva Fresh's regional expansion into neighbouring Albania, through its cross-border acquisition of the 2nd main food and beverages retail chain, Spar Albania franchise, and subsequent investment program for roll-out of new stores and refurbishment of some existing stores in Albania. Through it, the project will support the expansion of modern retail in Albania and regional integration of supply and logistics chains in food and beverage distribution and retail. The project will also support enhanced sustainability measures expected to lead to the attainment of the international green building certification EDGE "Advanced" (Level 2) or higher for new and renovated stores by the client in Albania and Kosovo. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56223XI-IATI-EBRD-55732European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to €15 milion to Banca Intesa Beograd ("BIB"), under the WB Youth in Business Programme. The proceeds of the Bank's investment will be used for eligible Youth MSMEs (i.e. youth-led or youth-owned MSMEs) in accordance with the respective Policy Statement.European Bank for Reconstruction and DevelopmentBANCA INTESA AD BEOGRADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651310000000BANCA INTESA AD BEOGRADPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to €15 milion to Banca Intesa Beograd ("BIB"), under the WB Youth in Business Programme. The proceeds of the Bank's investment will be used for eligible Youth MSMEs (i.e. youth-led or youth-owned MSMEs) in accordance with the respective Policy Statement. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55732XI-IATI-EBRD-51421European Bank for Reconstruction and DevelopmentThe provision of a senior loan of up to €5 million to the City of Belgrade for the implementation of energy efficiency and associated structural measures in 4 public buildings: Emergency Medical Institute, City Library, Student Healthcare Centre and Student Hospital. Most of the buildings were constructed in the 1920s and have not undergone any major refurbishment since then. The project is expected to bring significant energy efficiency improvements and will lead to the reduction of CO2 emissions. The Project will be co-financed by investment and technical assistance grants of up to €11 million provided by the European Union from the Instrument for Pre-Accession Assistance with the Republic of Serbia. The Project aims to support the substantial energy efficiency renovation of four public buildings located in Belgrade, Serbia. The works include the addition of thermal insulation, the repair of building envelopes, the upgrade of heating, ventilation and cooling systems, and the replacement of lighting systems. Energy efficiency improvements will result in energy cost savings, the reduction of carbon dioxide emissions and improved energy efficiency. The Project forms part of the Bank's engagement with Belgrade under the EBRD Green Cities, as such it is considered as a follow-on investment under Green Cities Framework 2 Window II (the "GrCF2 W2") from Belgrade's Green City Action Plan (the "GCAP"), which was approved in June 2021.European Bank for Reconstruction and DevelopmentCITY OF BELGRADEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651350796.865000000CITY OF BELGRADE2724058.86CITY OF BELGRADE675280.2CITY OF BELGRADE855928.45CITY OF BELGRADE693935.63CITY OF BELGRADESTATESTATESTATESTATEThe provision of a senior loan of up to €5 million to the City of Belgrade for the implementation of energy efficiency and associated structural measures in 4 public buildings: Emergency Medical Institute, City Library, Student Healthcare Centre and Student Hospital. Most of the buildings were constructed in the 1920s and have not undergone any major refurbishment since then. The project is expected to bring significant energy efficiency improvements and will lead to the reduction of CO2 emissions. The Project will be co-financed by investment and technical assistance grants of up to €11 million provided by the European Union from the Instrument for Pre-Accession Assistance with the Republic of Serbia. The Project aims to support the substantial energy efficiency renovation of four public buildings located in Belgrade, Serbia. The works include the addition of thermal insulation, the repair of building envelopes, the upgrade of heating, ventilation and cooling systems, and the replacement of lighting systems. Energy efficiency improvements will result in energy cost savings, the reduction of carbon dioxide emissions and improved energy efficiency. The Project forms part of the Bank's engagement with Belgrade under the EBRD Green Cities, as such it is considered as a follow-on investment under Green Cities Framework 2 Window II (the "GrCF2 W2") from Belgrade's Green City Action Plan (the "GCAP"), which was approved in June 2021. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51421XI-IATI-EBRD-54083European Bank for Reconstruction and DevelopmentThe EBRD has signed a sovereign loan of up to EUR 80 million in favour of the Republic of Serbia for the construction and expansion of modern science and technology parks ("STPs") in Serbia. The Bank's first committed tranche of EUR 70 million will be used to finance the construction, fit-out and the purchase of new equipment for the expansion of existing and development of new STP facilities in the cities of Niš, Cacak, and Kruševac, to support critical infrastructure for the incubation and growth of innovative start-ups and businesses in Serbia. The Bank's second committed tranche of EUR 10 million will be used for the development of STP facilities within the new biotechnology park Bio4 or for further expansion of STPs in Belgrade and Novi Sad, subject to the Government of Serbia's ("GoS") priorities and timeline.European Bank for Reconstruction and DevelopmentSERBIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651332981114.8980000000SERBIA SOVEREIGN4854958.82SERBIA SOVEREIGN2794749.68SERBIA SOVEREIGN3520290.36SERBIA SOVEREIGN1945631.87SERBIA SOVEREIGN1065822.6SERBIA SOVEREIGN3091393.75SERBIA SOVEREIGN1176217.64SERBIA SOVEREIGN1559870.15SERBIA SOVEREIGN3400125.35SERBIA SOVEREIGN1864436.27SERBIA SOVEREIGN4120450.15SERBIA SOVEREIGN1511431.79SERBIA SOVEREIGN3122938.49SERBIA SOVEREIGN2387147.41SERBIA SOVEREIGN4738995.06SERBIA SOVEREIGN3848951.18SERBIA SOVEREIGN2015474.54SERBIA SOVEREIGNSTATESTATESTATESTATEThe EBRD has signed a sovereign loan of up to EUR 80 million in favour of the Republic of Serbia for the construction and expansion of modern science and technology parks ("STPs") in Serbia. The Bank's first committed tranche of EUR 70 million will be used to finance the construction, fit-out and the purchase of new equipment for the expansion of existing and development of new STP facilities in the cities of Niš, Cacak, and Kruševac, to support critical infrastructure for the incubation and growth of innovative start-ups and businesses in Serbia. The Bank's second committed tranche of EUR 10 million will be used for the development of STP facilities within the new biotechnology park Bio4 or for further expansion of STPs in Belgrade and Novi Sad, subject to the Government of Serbia's ("GoS") priorities and timeline. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54083XI-IATI-EBRD-49559European Bank for Reconstruction and DevelopmentProvision of EUR 14.7 million loan to Sofia Electrical Transport Company EAD ("SETC"), a joint-stock company and urban transport operator, wholly-owned by the City of Sofia. The loan will be used to finance the enhancement of the bus fleet through the purchase of 30 electric low floor buses with fast charging technology and 12 charging stations, as well as the related spare parts and services. The electric bus fleet will be deployed in two lots of 15 each over 2018-2019. Accordingly, the loan will be split in two equal tranches of EUR 7.35 million each. Half of the overall investment and, thus, each respective tranche will be financed from the Bank's capital while the other half from Green Economy Special Fund ("GESF"). Sofia is continuing to invest in its transport infrastructure and services in order to incentivise the use of public transport as a sustainable, safer and more environmentally friendly means of meeting mobility demand in the city. To that end, Bank's financing will contribute to improvement of the reliability, energy efficiency and quality of public transport services for users and the SETC by reducing fuel costs and noise levels, and improving air quality through reduced greenhouse gases and other harmful emissions.European Bank for Reconstruction and DevelopmentSOFIA ELECTRICAL TRANSPORT COMPANY EADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSOFIA42.69751 23.324154175000SOFIA ELECTRICAL TRANSPORT COMPANY EAD554250SOFIA ELECTRICAL TRANSPORT COMPANY EAD2585634.91SOFIA ELECTRICAL TRANSPORT COMPANY EAD1035115.09SOFIA ELECTRICAL TRANSPORT COMPANY EADSTATESTATESTATESTATEProvision of EUR 14.7 million loan to Sofia Electrical Transport Company EAD ("SETC"), a joint-stock company and urban transport operator, wholly-owned by the City of Sofia. The loan will be used to finance the enhancement of the bus fleet through the purchase of 30 electric low floor buses with fast charging technology and 12 charging stations, as well as the related spare parts and services. The electric bus fleet will be deployed in two lots of 15 each over 2018-2019. Accordingly, the loan will be split in two equal tranches of EUR 7.35 million each. Half of the overall investment and, thus, each respective tranche will be financed from the Bank's capital while the other half from Green Economy Special Fund ("GESF"). Sofia is continuing to invest in its transport infrastructure and services in order to incentivise the use of public transport as a sustainable, safer and more environmentally friendly means of meeting mobility demand in the city. To that end, Bank's financing will contribute to improvement of the reliability, energy efficiency and quality of public transport services for users and the SETC by reducing fuel costs and noise levels, and improving air quality through reduced greenhouse gases and other harmful emissions. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49559XI-IATI-EBRD-51299European Bank for Reconstruction and DevelopmentProvision of a sovereign guaranteed loan in the amount of up to EUR 40 million to Elektrodistribucija Srbije d.o.o. ("EDS"). The loan will finance first phase of smart metering infrastructure in Serbian distribution system. A second phase of the smart metering rollout is intended to be financed with EUR 40 million from the EIB. This project will support the introduction of Advanced Metering Infrastructure ("AMI"), including modern meters together with related infrastructure, software, communications equipment, installation and integration systems. The roll-out of smart metering in Serbia will make a significant contribution to a wider grid modernisation programme aimed at the development of a smart grid and the reduction of technical and commercial losses, as well as the better integration of distributed renewable generation sources in the system. Furthermore, the enhanced functionality of smart meters will improve demand-side management and lead to more efficient energy consumption.European Bank for Reconstruction and DevelopmentELEKTRODISTRIBUCIJA SRBIJE DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.465132735690.9240000000ELEKTRODISTRIBUCIJA SRBIJE DOO400000ELEKTRODISTRIBUCIJA SRBIJE DOO297750ELEKTRODISTRIBUCIJA SRBIJE DOO2131718.17ELEKTRODISTRIBUCIJA SRBIJE DOO372645ELEKTRODISTRIBUCIJA SRBIJE DOO136341.63ELEKTRODISTRIBUCIJA SRBIJE DOO767418.54ELEKTRODISTRIBUCIJA SRBIJE DOO160028.33ELEKTRODISTRIBUCIJA SRBIJE DOO44362.5ELEKTRODISTRIBUCIJA SRBIJE DOO80035.62ELEKTRODISTRIBUCIJA SRBIJE DOO1342982.44ELEKTRODISTRIBUCIJA SRBIJE DOO84382.99ELEKTRODISTRIBUCIJA SRBIJE DOO2642419.89ELEKTRODISTRIBUCIJA SRBIJE DOO44362.5ELEKTRODISTRIBUCIJA SRBIJE DOO40021.61ELEKTRODISTRIBUCIJA SRBIJE DOO84394.31ELEKTRODISTRIBUCIJA SRBIJE DOO168784.57ELEKTRODISTRIBUCIJA SRBIJE DOO8747309.96ELEKTRODISTRIBUCIJA SRBIJE DOO84292.95ELEKTRODISTRIBUCIJA SRBIJE DOO2439845.2ELEKTRODISTRIBUCIJA SRBIJE DOO4544146.43ELEKTRODISTRIBUCIJA SRBIJE DOO5313328.55ELEKTRODISTRIBUCIJA SRBIJE DOO3729847.84ELEKTRODISTRIBUCIJA SRBIJE DOO439801.77ELEKTRODISTRIBUCIJA SRBIJE DOO1936471.05ELEKTRODISTRIBUCIJA SRBIJE DOO64012.93ELEKTRODISTRIBUCIJA SRBIJE DOO1127596.22ELEKTRODISTRIBUCIJA SRBIJE DOO40008.08ELEKTRODISTRIBUCIJA SRBIJE DOOSTATESTATESTATESTATEProvision of a sovereign guaranteed loan in the amount of up to EUR 40 million to Elektrodistribucija Srbije d.o.o. ("EDS"). The loan will finance first phase of smart metering infrastructure in Serbian distribution system. A second phase of the smart metering rollout is intended to be financed with EUR 40 million from the EIB. This project will support the introduction of Advanced Metering Infrastructure ("AMI"), including modern meters together with related infrastructure, software, communications equipment, installation and integration systems. The roll-out of smart metering in Serbia will make a significant contribution to a wider grid modernisation programme aimed at the development of a smart grid and the reduction of technical and commercial losses, as well as the better integration of distributed renewable generation sources in the system. Furthermore, the enhanced functionality of smart meters will improve demand-side management and lead to more efficient energy consumption. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51299XI-IATI-EBRD-51477European Bank for Reconstruction and DevelopmentThe provision of a senior loan of up to US$ 2.7 million to support the expansion of a strawberry greenhouse owned by ES Hilli Gaplama, a limited liability company registered in Turkmenistan. The increased greenhouse will annually yield 300 tonnes of berries vs. 58 tonnes, which are expected to be harvested in 2020. The Project will be implemented in two phases. The project will enable ES Hilli Gaplama to increase its output, improve its operational efficiencies and increase its market share.European Bank for Reconstruction and DevelopmentHILLI GAPLAMA ESEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGASHGABAT37.95 58.383331488225.51HILLI GAPLAMA ESPRIVATEPRIVATEPRIVATEThe provision of a senior loan of up to US$ 2.7 million to support the expansion of a strawberry greenhouse owned by ES Hilli Gaplama, a limited liability company registered in Turkmenistan. The increased greenhouse will annually yield 300 tonnes of berries vs. 58 tonnes, which are expected to be harvested in 2020. The Project will be implemented in two phases. The project will enable ES Hilli Gaplama to increase its output, improve its operational efficiencies and increase its market share. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51477XI-IATI-EBRD-51835European Bank for Reconstruction and DevelopmentProvision of a sovereign loan to the Republic of Serbia to finance the construction of mid-mile fibre broadband infrastructure connecting around 600 rural schools in Serbia to the existing fibre backbone network. The project will support the deployment of mid-mile fibre broadband that will connect existing fibre backbone to 600 schools in white zones (without access to broadband network) in rural areas in Serbia. The project is part of a larger initiative and represents the first of two phases, whereas the second phase targeting around 900 schools is planned for 2021/2022 as a separate project. Due to geographic isolation and low population density, deploying broadband in white areas is not sufficiently profitable for any single operator. Mid-mile network rollout and provision of this network to telecom operators on a free-use rights basis will decrease the capex required for network expansion to households in rural areas, making targeted white zones more attractive for investment by operators. The Ministry of Trade, Tourism and Telecommunication (MoTT) as client and implementing agency aims to incentivise telecom operators to deploy last-mile broadband to households in white zones in rural areas, which are not targeted for network expansion by any operator in the next 3 years. The project will address the shortage of digitally skilled labour, which Serbia is experiencing due to the recent rapid ICT sector growth and which now presents a serious handicap to private sector development. The project will also address the digital rural-urban divide, since the lack of broadband in rural areas reduces the capacity of a large portion of the country's population to fully participate in the modern economy. The project is supported by the Western Balkans Investment Framework ("WBIF") with a Technical Cooperation ("TC") grant in the amount of EUR 1.7 mln for project preparation, whereas the EBRD acts as the lead IFI for this project. The project is in line with the EBRD Country Strategy for Serbia (BDS/SB/17-1 /F), with the objective to improve the public governance and business climate through "support to new technologies and innovation, benefitting from digital switchover and broadband penetration", as well as with the ICT Sector Strategy (BDS14-052). The project contributes towards the Bank's Economic Inclusion Strategy (BDS17-067) by opening up access to services that enhance economic opportunities for people in less-developed regions. The project is in line with the EU digital agenda, which supports transition into a digital economy, bringing faster economic growth, more jobs, and better services. The project is also in line with the Strategy for the Development of Broadband Networks and Services adopted by the Serbian government in 2014, and with the Strategy for the development of networks of new generations until 2023 from 2018. The project is in line with Strategy for Development of Information Society and Strategy for Development of Electronic Communications, which together make the Digital Agenda for Serbia.European Bank for Reconstruction and DevelopmentSERBIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651318000000SERBIA SOVEREIGN180000SERBIA SOVEREIGN560000SERBIA SOVEREIGN5483511.1SERBIA SOVEREIGN493000SERBIA SOVEREIGN256213.95SERBIA SOVEREIGN555125.03SERBIA SOVEREIGN456018.49SERBIA SOVEREIGN293299.46SERBIA SOVEREIGN401547.04SERBIA SOVEREIGN578559.96SERBIA SOVEREIGN8900SERBIA SOVEREIGN990027.53SERBIA SOVEREIGN5994SERBIA SOVEREIGN784528.33SERBIA SOVEREIGN202466.6SERBIA SOVEREIGN305860.91SERBIA SOVEREIGN258599.24SERBIA SOVEREIGN462991.48SERBIA SOVEREIGN53262.49SERBIA SOVEREIGN1794738.03SERBIA SOVEREIGN318899.36SERBIA SOVEREIGN392241.33SERBIA SOVEREIGN1148873.13SERBIA SOVEREIGN1167313.26SERBIA SOVEREIGN309341.54SERBIA SOVEREIGN45763.84SERBIA SOVEREIGN489429.66SERBIA SOVEREIGNSTATESTATESTATESTATEProvision of a sovereign loan to the Republic of Serbia to finance the construction of mid-mile fibre broadband infrastructure connecting around 600 rural schools in Serbia to the existing fibre backbone network. The project will support the deployment of mid-mile fibre broadband that will connect existing fibre backbone to 600 schools in white zones (without access to broadband network) in rural areas in Serbia. The project is part of a larger initiative and represents the first of two phases, whereas the second phase targeting around 900 schools is planned for 2021/2022 as a separate project. Due to geographic isolation and low population density, deploying broadband in white areas is not sufficiently profitable for any single operator. Mid-mile network rollout and provision of this network to telecom operators on a free-use rights basis will decrease the capex required for network expansion to households in rural areas, making targeted white zones more attractive for investment by operators. The Ministry of Trade, Tourism and Telecommunication (MoTT) as client and implementing agency aims to incentivise telecom operators to deploy last-mile broadband to households in white zones in rural areas, which are not targeted for network expansion by any operator in the next 3 years. The project will address the shortage of digitally skilled labour, which Serbia is experiencing due to the recent rapid ICT sector growth and which now presents a serious handicap to private sector development. The project will also address the digital rural-urban divide, since the lack of broadband in rural areas reduces the capacity of a large portion of the country's population to fully participate in the modern economy. The project is supported by the Western Balkans Investment Framework ("WBIF") with a Technical Cooperation ("TC") grant in the amount of EUR 1.7 mln for project preparation, whereas the EBRD acts as the lead IFI for this project. The project is in line with the EBRD Country Strategy for Serbia (BDS/SB/17-1 /F), with the objective to improve the public governance and business climate through "support to new technologies and innovation, benefitting from digital switchover and broadband penetration", as well as with the ICT Sector Strategy (BDS14-052). The project contributes towards the Bank's Economic Inclusion Strategy (BDS17-067) by opening up access to services that enhance economic opportunities for people in less-developed regions. The project is in line with the EU digital agenda, which supports transition into a digital economy, bringing faster economic growth, more jobs, and better services. The project is also in line with the Strategy for the Development of Broadband Networks and Services adopted by the Serbian government in 2014, and with the Strategy for the development of networks of new generations until 2023 from 2018. The project is in line with Strategy for Development of Information Society and Strategy for Development of Electronic Communications, which together make the Digital Agenda for Serbia. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51835XI-IATI-EBRD-56733European Bank for Reconstruction and DevelopmentProvision of USD 25 million loan to Hassan Allam Holding, one of the largest contracting and engineering companies in Egypt and the region. The EBRD financing will support the growth of Hassan Allam Construction, the largest subsidiary of the group, by supporting capex and machinery investments in Egypt. The project will support the largest subsidiary of the group to grow and decarbonise its operations in Egypt. The EBRD financing will support acquisition of capex and machinery among which the replacement of diesel-powered equipment with electric alternatives.European Bank for Reconstruction and DevelopmentHASSAN ALLAM HOLDING SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496721885669.26HASSAN ALLAM HOLDING SAEPRIVATEPRIVATEPRIVATEProvision of USD 25 million loan to Hassan Allam Holding, one of the largest contracting and engineering companies in Egypt and the region. The EBRD financing will support the growth of Hassan Allam Construction, the largest subsidiary of the group, by supporting capex and machinery investments in Egypt. The project will support the largest subsidiary of the group to grow and decarbonise its operations in Egypt. The EBRD financing will support acquisition of capex and machinery among which the replacement of diesel-powered equipment with electric alternatives. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56733XI-IATI-EBRD-51935European Bank for Reconstruction and DevelopmentProvision of up to USD 25 million senior unsecured loan to National Bank of Kuwait i Egypt ("NBKE"), under the regional GCF GEFF programme. Up to USD 3.75 million of this loan is expected to be co-financed by the Green Climate Fund ("GCF") under the same conditions. The EBRD loan will enable NBKE to (i) support on-lending to private sub-borrowers for green, energy efficiency and renewable energy projects, which are of particular relevance in the context of high-energy intensity of the Egyptian economy, and (ii) to support high performance technologies and services supporting a green economy.European Bank for Reconstruction and DevelopmentNATIONAL BANK OF KUWAIT EGYPT NBK SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496718602818.87NATIONAL BANK OF KUWAIT EGYPT NBK SAEPRIVATEPRIVATEPRIVATEProvision of up to USD 25 million senior unsecured loan to National Bank of Kuwait i Egypt ("NBKE"), under the regional GCF GEFF programme. Up to USD 3.75 million of this loan is expected to be co-financed by the Green Climate Fund ("GCF") under the same conditions. The EBRD loan will enable NBKE to (i) support on-lending to private sub-borrowers for green, energy efficiency and renewable energy projects, which are of particular relevance in the context of high-energy intensity of the Egyptian economy, and (ii) to support high performance technologies and services supporting a green economy. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51935XI-IATI-EBRD-52891European Bank for Reconstruction and DevelopmentProvision of a subordinated loan of up to USD 50 million to Banque du Caire ("BDC") to support the bank's growth plans. The subordinated loan will strengthen BDC's Tier II capital to support the bank's growth plans. In addition, the financing is accompanied with a Corporate Climate Governance ("CCG") Action Plan, which will help BDC take steps towards adopting and implementing the recommendations set out by the Task Force on Climate-related Financial Disclosures ("TCFD") at an institutional level.European Bank for Reconstruction and DevelopmentBANQUE DU CAIRE SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496743771338.53BANQUE DU CAIRE SAEPRIVATEPRIVATEPRIVATEProvision of a subordinated loan of up to USD 50 million to Banque du Caire ("BDC") to support the bank's growth plans. The subordinated loan will strengthen BDC's Tier II capital to support the bank's growth plans. In addition, the financing is accompanied with a Corporate Climate Governance ("CCG") Action Plan, which will help BDC take steps towards adopting and implementing the recommendations set out by the Task Force on Climate-related Financial Disclosures ("TCFD") at an institutional level. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52891XI-IATI-EBRD-52267European Bank for Reconstruction and DevelopmentThe provision of a sovereign loan of up to € 2 million under the Kyrgyz Water Sector Resilience Framework (KWRF) to support the modernisation of water supply infrastructure in the city of Kemin. The loan proceeds will be on-lent to the city of Kemin for the benefit of the Kemin water company. The loan will be co-financed by a EUR 2.0 million investment grant from an international donor or the EBRD Shareholder Special Fund. The Sub-project will finance critical drinking water supply improvements in the city of Kemin, including the rehabilitation and extension of water network, supply and installation of water meters and testing equipment, reconstruction and new construction of reservoir, intake facilities and water disinfection unit, replacement of pumping equipment.European Bank for Reconstruction and DevelopmentKYRGYZ REPUBLIC SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBISHKEK42.87 74.5919800002000000KYRGYZ REPUBLIC SOVEREIGN20000KYRGYZ REPUBLIC SOVEREIGNSTATESTATESTATESTATEThe provision of a sovereign loan of up to € 2 million under the Kyrgyz Water Sector Resilience Framework (KWRF) to support the modernisation of water supply infrastructure in the city of Kemin. The loan proceeds will be on-lent to the city of Kemin for the benefit of the Kemin water company. The loan will be co-financed by a EUR 2.0 million investment grant from an international donor or the EBRD Shareholder Special Fund. The Sub-project will finance critical drinking water supply improvements in the city of Kemin, including the rehabilitation and extension of water network, supply and installation of water meters and testing equipment, reconstruction and new construction of reservoir, intake facilities and water disinfection unit, replacement of pumping equipment. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52267XI-IATI-EBRD-49149European Bank for Reconstruction and DevelopmentThe provision of debt financing to SNTGN Transgaz SA, the gas transmission system operator in Romania. The project consists of the construction of a new 32 inch natural gas pipeline with a length of 479 km and the construction of three compressor stations, each equipped with two compressor units (the "Project"). The pipeline will be laid on the Romanian territory and is part of Bulgaria-Romania-Hungary-Austria gas pipeline (the "BRUA" pipeline). The capacity of the interconnection point at the Romanian Hungarian border is set at 1.75 bcm per annum and the capacity of the Romanian i Bulgarian interconnection point at 1.5 bcm per annum. The proposed Project is part of the European Commission's Projects of Common Interest "Gas pipeline from Bulgaria to Austria via Romania and Hungary" (with approximate total length of 1,318km). The Project would ensure the interconnection of the gas transmission systems in Bulgaria and Hungary with the gas transmission system in Romania. BRUA pipeline aims to enhance regions energy security by diversifying gas supply routes. Proposed Project on the Romanian territory would allow access to the future major gas infrastructure projects such as TAP, gas sources from Central European gas hubs and potential gas transportation from Black Sea deposits. The Project is also in line with the Green Economy Transition (GET) initiative of the Bank as it will result in direct and indirect energy efficiency and carbon emissions reductions by modernising the Romanian gas infrastructure and contributing to the switch to gas from more polluting energy sources.European Bank for Reconstruction and DevelopmentSNTGN TRANSGAZ SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGMEDIAS46.16667 24.350.0153051271.75SNTGN TRANSGAZ SA26525635.87SNTGN TRANSGAZ SA26525635.87SNTGN TRANSGAZ SASTATESTATESTATESTATEThe provision of debt financing to SNTGN Transgaz SA, the gas transmission system operator in Romania. The project consists of the construction of a new 32 inch natural gas pipeline with a length of 479 km and the construction of three compressor stations, each equipped with two compressor units (the "Project"). The pipeline will be laid on the Romanian territory and is part of Bulgaria-Romania-Hungary-Austria gas pipeline (the "BRUA" pipeline). The capacity of the interconnection point at the Romanian Hungarian border is set at 1.75 bcm per annum and the capacity of the Romanian i Bulgarian interconnection point at 1.5 bcm per annum. The proposed Project is part of the European Commission's Projects of Common Interest "Gas pipeline from Bulgaria to Austria via Romania and Hungary" (with approximate total length of 1,318km). The Project would ensure the interconnection of the gas transmission systems in Bulgaria and Hungary with the gas transmission system in Romania. BRUA pipeline aims to enhance regions energy security by diversifying gas supply routes. Proposed Project on the Romanian territory would allow access to the future major gas infrastructure projects such as TAP, gas sources from Central European gas hubs and potential gas transportation from Black Sea deposits. The Project is also in line with the Green Economy Transition (GET) initiative of the Bank as it will result in direct and indirect energy efficiency and carbon emissions reductions by modernising the Romanian gas infrastructure and contributing to the switch to gas from more polluting energy sources. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49149XI-IATI-EBRD-56065European Bank for Reconstruction and DevelopmentProvision of up to USD 200 million (EUR 173 million) in a series of investments in senior unsecured Blue and/or Green Bond issuances by the Housing Bank for Trade and Finance (the "Issuer", or "HBTF"). The Bonds will be issued via private placements, of up to 5-years tenor with bullet repayment at maturity. The investment is for blue and green bonds to be issued in Jordan, supporting both green and blue sub-projects. It will be issued under HBTF`s Green Bond Framework (the "Framework", or "GBF") that covers the issuance of Green and Blue Bonds, aligned with the International Capital Market Association's Green Bond Principles (the "ICMA GBP") and IFC Guidelines for Blue Finance (the "IFC GBF"). The Framework will benefit from a Second Party Opinion ("SPO"), confirming compliance with the ICMA GBP and IFC GBF. The issuance is expected to be the third labelled one in the country by a financial institution, and potentially the first Blue Bond in both Jordan and the wider SEMED region.European Bank for Reconstruction and DevelopmentHOUSING BANK FOR TRADE AND FINANCEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGAMMAN31.95522 35.9450387542677.06HOUSING BANK FOR TRADE AND FINANCEPRIVATEPRIVATEPRIVATEProvision of up to USD 200 million (EUR 173 million) in a series of investments in senior unsecured Blue and/or Green Bond issuances by the Housing Bank for Trade and Finance (the "Issuer", or "HBTF"). The Bonds will be issued via private placements, of up to 5-years tenor with bullet repayment at maturity. The investment is for blue and green bonds to be issued in Jordan, supporting both green and blue sub-projects. It will be issued under HBTF`s Green Bond Framework (the "Framework", or "GBF") that covers the issuance of Green and Blue Bonds, aligned with the International Capital Market Association's Green Bond Principles (the "ICMA GBP") and IFC Guidelines for Blue Finance (the "IFC GBF"). The Framework will benefit from a Second Party Opinion ("SPO"), confirming compliance with the ICMA GBP and IFC GBF. The issuance is expected to be the third labelled one in the country by a financial institution, and potentially the first Blue Bond in both Jordan and the wider SEMED region. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56065XI-IATI-EBRD-48036European Bank for Reconstruction and DevelopmentThe provision of a loan of up to €2 million to the joint municipal enterprise Water Supply and Wastewater Management Agency of the Uzgen Region (the Company). The Company is equally owned by three municipalities of Myrzaki, Kurshab and Don-Bulak (the Municipalities) and provides drinking water supply services in the Municipalities. The financing plan also includes an investment grant of € 3 million from the EU's Investment Facility for Central Asia (IFCA) to facilitate thew implementation of the project. The proceeds of the loan and the grant will finance the most urgent water supply rehabilitation works. The project will focus on replacing critical water supply networks, rehabilitating water supply systems and modernising household metering and operational and maintenance equipment. The investments are expected to significantly improve access to clean water, reduce water losses, improve resilience to climate change and optimise the Company's operating costs. The rehabilitation of the water supply infrastructure in the municipalities of Myrzaki, Kurshab and Don-Bulak and the improvement of the Client's financial and operational management.European Bank for Reconstruction and DevelopmentKYRGYZ REPUBLIC SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKURSHAB40.70939 73.1256396.312000000KYRGYZ REPUBLIC SOVEREIGN20000KYRGYZ REPUBLIC SOVEREIGN300000KYRGYZ REPUBLIC SOVEREIGN288421.26KYRGYZ REPUBLIC SOVEREIGN281388.72KYRGYZ REPUBLIC SOVEREIGN109157.44KYRGYZ REPUBLIC SOVEREIGN350000KYRGYZ REPUBLIC SOVEREIGN355636.27KYRGYZ REPUBLIC SOVEREIGN295000KYRGYZ REPUBLIC SOVEREIGNSTATESTATESTATESTATEThe provision of a loan of up to €2 million to the joint municipal enterprise Water Supply and Wastewater Management Agency of the Uzgen Region (the Company). The Company is equally owned by three municipalities of Myrzaki, Kurshab and Don-Bulak (the Municipalities) and provides drinking water supply services in the Municipalities. The financing plan also includes an investment grant of € 3 million from the EU's Investment Facility for Central Asia (IFCA) to facilitate thew implementation of the project. The proceeds of the loan and the grant will finance the most urgent water supply rehabilitation works. The project will focus on replacing critical water supply networks, rehabilitating water supply systems and modernising household metering and operational and maintenance equipment. The investments are expected to significantly improve access to clean water, reduce water losses, improve resilience to climate change and optimise the Company's operating costs. The rehabilitation of the water supply infrastructure in the municipalities of Myrzaki, Kurshab and Don-Bulak and the improvement of the Client's financial and operational management. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48036XI-IATI-EBRD-50769European Bank for Reconstruction and DevelopmentProvision of a sovereign-guaranteed loan to Public Enterprise for State Roads (PESR) to finance the improvement and modernisation of the existing toll system on Corridor VIII as well as the installation of new electronic toll stations on new highway sections that are being built in FYR Macedonia. The Project is a follow-on operation of the previous Bank's project for the construction and upgrade of eight toll stations along Corridor X, including installation of electronic toll collection ("ETC") equipment that is currently under implementation. The EBRD's financing will be used for the following: (i) Upgrade and modernization of five toll stations on the FYR Macedonia's Corridor VIII as well as construction of three new toll stations to operate with the ETC system; (ii) Installation of equipment to link the upgraded and new toll stations to the toll operations centre in Skopje; (iii) Construction of an additional lane to increase the capacity of the Miladinovci toll stations on Corridor VIII; (iv) Installation of solar panels on all 15 existing and new toll stations. Support the operation of a unified and fully interoperable toll system on the motorway network of FYR Macedonia, which will improve the current situation which consists of two different toll systems with different user interfaces. Promote green economy through the generation of renewable energy from photo voltaic solar panels to be installed on all 15 existing and new toll stations which is estimated to provide around 45 per cent of the electrical power consumed by these toll stations and reduce PESR's electricity costs.European Bank for Reconstruction and DevelopmentPUBLIC ENTERPRISE FOR STATE ROADSEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.43141367000013000000PUBLIC ENTERPRISE FOR STATE ROADS130000PUBLIC ENTERPRISE FOR STATE ROADS5000000PUBLIC ENTERPRISE FOR STATE ROADS4200000PUBLIC ENTERPRISE FOR STATE ROADSSTATESTATESTATESTATEProvision of a sovereign-guaranteed loan to Public Enterprise for State Roads (PESR) to finance the improvement and modernisation of the existing toll system on Corridor VIII as well as the installation of new electronic toll stations on new highway sections that are being built in FYR Macedonia. The Project is a follow-on operation of the previous Bank's project for the construction and upgrade of eight toll stations along Corridor X, including installation of electronic toll collection ("ETC") equipment that is currently under implementation. The EBRD's financing will be used for the following: (i) Upgrade and modernization of five toll stations on the FYR Macedonia's Corridor VIII as well as construction of three new toll stations to operate with the ETC system; (ii) Installation of equipment to link the upgraded and new toll stations to the toll operations centre in Skopje; (iii) Construction of an additional lane to increase the capacity of the Miladinovci toll stations on Corridor VIII; (iv) Installation of solar panels on all 15 existing and new toll stations. Support the operation of a unified and fully interoperable toll system on the motorway network of FYR Macedonia, which will improve the current situation which consists of two different toll systems with different user interfaces. Promote green economy through the generation of renewable energy from photo voltaic solar panels to be installed on all 15 existing and new toll stations which is estimated to provide around 45 per cent of the electrical power consumed by these toll stations and reduce PESR's electricity costs. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50769XI-IATI-EBRD-52242European Bank for Reconstruction and DevelopmentThis project was approved in the context of the Bank's response to the COVID-19 pandemic. To avoid delays to the delivery of this project, the Bank's President granted a deviation from the ordinary timelines for PSD disclosure, as contemplated by Section V of the Directive on Access to Information. Details of the Bank's response to COVID-19, and this deviation, can be found on our website. The transaction consisted of the provision of a senior unsecured loan to Intesa Leasing d.o.o. Beograd ("ILS") in the amount of up to EUR 10 million for on-lending to local small and medium-sized enterprises ("SMEs") in Serbia through the SME Competitiveness Support Programme ("SME-CSP") under the Financial Intermediary Framework ("FIF"). The proceeds of the loan were used to support an upgrade of production facilities in line with various EU Directives in the field of environmental protection, workers' safety and product quality with the aim to increase workplace safety and SME competitiveness.European Bank for Reconstruction and DevelopmentINTESA LEASING DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGNEW BELGRADE44.80556 20.4241710000000INTESA LEASING DOOPRIVATEPRIVATEPRIVATEThis project was approved in the context of the Bank's response to the COVID-19 pandemic. To avoid delays to the delivery of this project, the Bank's President granted a deviation from the ordinary timelines for PSD disclosure, as contemplated by Section V of the Directive on Access to Information. Details of the Bank's response to COVID-19, and this deviation, can be found on our website. The transaction consisted of the provision of a senior unsecured loan to Intesa Leasing d.o.o. Beograd ("ILS") in the amount of up to EUR 10 million for on-lending to local small and medium-sized enterprises ("SMEs") in Serbia through the SME Competitiveness Support Programme ("SME-CSP") under the Financial Intermediary Framework ("FIF"). The proceeds of the loan were used to support an upgrade of production facilities in line with various EU Directives in the field of environmental protection, workers' safety and product quality with the aim to increase workplace safety and SME competitiveness. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52242XI-IATI-EBRD-52726European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to EUR 2.0m to Procredit Bank Macedonia ("PCBM"), the 6th largest bank in North Macedonia, under the Western Balkans GEFF II Programme (the "programme" or "WB-GEFF II"). The loan is envisaged to provide financing for on-lending to residential sector (individuals, housing collectives, producers, vendors of green technologies, and service providers) for investments supporting Green Economy Transition ("GET") in North Macedonia.European Bank for Reconstruction and DevelopmentPROCREDIT BANK ADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.431412000000PROCREDIT BANK ADPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to EUR 2.0m to Procredit Bank Macedonia ("PCBM"), the 6th largest bank in North Macedonia, under the Western Balkans GEFF II Programme (the "programme" or "WB-GEFF II"). The loan is envisaged to provide financing for on-lending to residential sector (individuals, housing collectives, producers, vendors of green technologies, and service providers) for investments supporting Green Economy Transition ("GET") in North Macedonia. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52726XI-IATI-EBRD-50027European Bank for Reconstruction and DevelopmentFinancing for the construction of a 30 MW solar power plant in the Kyzylorda region of Southern Kazakhstan (the "Project") in the form of an up to EUR 23 million senior loan. Located in the electricity-constrained southern part of the country, the Project will help reduce dependence on electricity import from other regions (mostly coal fired plants in the North) and reduce associated transmission losses.European Bank for Reconstruction and DevelopmentNOMAD SOLAR LLPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGASTANA51.1801 71.4459823479246.46NOMAD SOLAR LLPPRIVATEPRIVATEPRIVATEFinancing for the construction of a 30 MW solar power plant in the Kyzylorda region of Southern Kazakhstan (the "Project") in the form of an up to EUR 23 million senior loan. Located in the electricity-constrained southern part of the country, the Project will help reduce dependence on electricity import from other regions (mostly coal fired plants in the North) and reduce associated transmission losses. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50027XI-IATI-EBRD-55251European Bank for Reconstruction and DevelopmentProvision of an Equity Bridge Loan ("EBL") to fund Scatec' equity commitment in the construction and operation of a 50 MW solar PV plant located in the area of Tozeur, in Tunisia (the "Project"). The Project will promote private sector participation in the Tunisian power sector. By adding 50 MW of green generation capacity to the Tunisian power system - currently dominated by gas-fired power plants (94.7% of installed capacity), the Project will reduce reliance on thermal power generation and increase the share of renewable energy in the energy mix in line with the nationally declared targets.European Bank for Reconstruction and DevelopmentTOZEUR HOLDCO BVEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTUNIS36.81897 10.16579110300000TOZEUR HOLDCO BVPRIVATEPRIVATEPRIVATEProvision of an Equity Bridge Loan ("EBL") to fund Scatec' equity commitment in the construction and operation of a 50 MW solar PV plant located in the area of Tozeur, in Tunisia (the "Project"). The Project will promote private sector participation in the Tunisian power sector. By adding 50 MW of green generation capacity to the Tunisian power system - currently dominated by gas-fired power plants (94.7% of installed capacity), the Project will reduce reliance on thermal power generation and increase the share of renewable energy in the energy mix in line with the nationally declared targets. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55251XI-IATI-EBRD-54494European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to EUR 3.0 million to be provided in two tranches to Intesa Sanpaolo Bank Albania ("ISBA") under the Western Balkans GEFF III - REpower Residential Framework ("GEFF III" or the "Framework"). The second tranche will be uncommitted. The loan is intended to make available financing for investments in high-performance energy efficiency technologies, materials and solutions undertaken in or in relation to privately owned residential dwellings or buildings, construction of GET-eligible High energy Performance Residential Buildings (HPRBs) and eligible Energy Efficiency and/or Renewable Energy projects in the Public Sector. 100% of the use of proceeds will be related to investments eligible under the EBRD's Green Economy Transition ("GET") approach.European Bank for Reconstruction and DevelopmentINTESA SANPAOLO BANK ALBANIA SHAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTIRANA41.3275 19.818891500000INTESA SANPAOLO BANK ALBANIA SHAPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to EUR 3.0 million to be provided in two tranches to Intesa Sanpaolo Bank Albania ("ISBA") under the Western Balkans GEFF III - REpower Residential Framework ("GEFF III" or the "Framework"). The second tranche will be uncommitted. The loan is intended to make available financing for investments in high-performance energy efficiency technologies, materials and solutions undertaken in or in relation to privately owned residential dwellings or buildings, construction of GET-eligible High energy Performance Residential Buildings (HPRBs) and eligible Energy Efficiency and/or Renewable Energy projects in the Public Sector. 100% of the use of proceeds will be related to investments eligible under the EBRD's Green Economy Transition ("GET") approach. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54494XI-IATI-EBRD-49277European Bank for Reconstruction and DevelopmentThe provision of a sovereign loan of up to US$ 30 million (€25 million) to the Republic of Uzbekistan to be on-lent and/or granted to the water utility Limited Liability Company Toshkent Shahar Suv Ta'minoti, formerly known as the State Unitary Enterprise SuvSoz to finance its Priority Investment Programme (PIP). The PIP includes such investments in water and wastewater infrastructure of the City of Tashkent as construction of a waste water collector, installation of pumps, valves and pressure regulators. The Project will rehabilitate and extend the wastewater and water infrastructure in Tashkent delivering multiple environmental benefits, including (i) the increase in the number of people connected to water and wastewater networks by around 280,000 and 390,000 residents, respectively, (ii) the reduction of water losses and (iii) energy savings.European Bank for Reconstruction and DevelopmentUZBEKISTAN SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.2162724150805.6926262803.12UZBEKISTAN SOVEREIGN262628.03UZBEKISTAN SOVEREIGN477239.78UZBEKISTAN SOVEREIGN181180.6UZBEKISTAN SOVEREIGN973266.54UZBEKISTAN SOVEREIGN23758.29UZBEKISTAN SOVEREIGN193924.19UZBEKISTAN SOVEREIGNSTATESTATESTATESTATEThe provision of a sovereign loan of up to US$ 30 million (€25 million) to the Republic of Uzbekistan to be on-lent and/or granted to the water utility Limited Liability Company Toshkent Shahar Suv Ta'minoti, formerly known as the State Unitary Enterprise SuvSoz to finance its Priority Investment Programme (PIP). The PIP includes such investments in water and wastewater infrastructure of the City of Tashkent as construction of a waste water collector, installation of pumps, valves and pressure regulators. The Project will rehabilitate and extend the wastewater and water infrastructure in Tashkent delivering multiple environmental benefits, including (i) the increase in the number of people connected to water and wastewater networks by around 280,000 and 390,000 residents, respectively, (ii) the reduction of water losses and (iii) energy savings. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49277XI-IATI-EBRD-53526European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to EUR 8m to be provided under the Go Digital Pilot in BiH programme (the "Programme"), with up to 5 years maturity, including 2 years of grace period. The loan will be fully guaranteed by the sole shareholder, Intesa Sanpaolo S.p.A. The Programme is supported with donor funds in the total amount of EUR 9m from the European Union. The Project supports the aim of the Programme to: (i) improve SMEs' access to finance in order to invest additional resources to introduce EU standards through the provision of financing and investment incentives; (ii) pilot an approach to supporting SMEs that invest in automation and digitalisation, (iii) support transition to a green economy ("GET technologies"), by targeting a GET-eligible share of at least 60%, and (iv) increase the awareness and knowledge of SMEs in BiH through the Advice for Small Business ("ASB") services with a focus on automation and digitalisation projects.European Bank for Reconstruction and DevelopmentINTESA SANPAOLO BANKA DD BOSNIA AND HERZEGOVINAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.356448000000INTESA SANPAOLO BANKA DD BOSNIA AND HERZEGOVINAPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to EUR 8m to be provided under the Go Digital Pilot in BiH programme (the "Programme"), with up to 5 years maturity, including 2 years of grace period. The loan will be fully guaranteed by the sole shareholder, Intesa Sanpaolo S.p.A. The Programme is supported with donor funds in the total amount of EUR 9m from the European Union. The Project supports the aim of the Programme to: (i) improve SMEs' access to finance in order to invest additional resources to introduce EU standards through the provision of financing and investment incentives; (ii) pilot an approach to supporting SMEs that invest in automation and digitalisation, (iii) support transition to a green economy ("GET technologies"), by targeting a GET-eligible share of at least 60%, and (iv) increase the awareness and knowledge of SMEs in BiH through the Advice for Small Business ("ASB") services with a focus on automation and digitalisation projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53526XI-IATI-EBRD-55321European Bank for Reconstruction and DevelopmentOn 19 November 2024, EBRD invested RON 90 million in a senior unsecured bond issued by UniCredit Bank S.A. ("UniCredit Romania" or "UCBRO") as part of a RON 750 million, 5-year issuance that was listed on the Bucharest Stock Exchange. On 26 February 2026, EBRD invested RON 100 million in a senior unsecured bond issued by UCBRO, as part of a RON 600 million, 5-year issuance that was listed on the Bucharest Stock Exchange. The proceeds of EBRD's investment will support UniCredit Romania's funding diversification and access to long term funding in the context of shallow local capital markets, enhancing the lending capacity of the bank. Moreover, the proceeds from the loan will be used by UCBRO to support investments in the green economy in Romania, in line with EBRD's Green Economy Transition ("GET") approach.European Bank for Reconstruction and DevelopmentUNICREDIT BANK SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUCHAREST44.43225 26.1062636266151.56UNICREDIT BANK SAPRIVATEPRIVATEPRIVATEOn 19 November 2024, EBRD invested RON 90 million in a senior unsecured bond issued by UniCredit Bank S.A. ("UniCredit Romania" or "UCBRO") as part of a RON 750 million, 5-year issuance that was listed on the Bucharest Stock Exchange. On 26 February 2026, EBRD invested RON 100 million in a senior unsecured bond issued by UCBRO, as part of a RON 600 million, 5-year issuance that was listed on the Bucharest Stock Exchange. The proceeds of EBRD's investment will support UniCredit Romania's funding diversification and access to long term funding in the context of shallow local capital markets, enhancing the lending capacity of the bank. Moreover, the proceeds from the loan will be used by UCBRO to support investments in the green economy in Romania, in line with EBRD's Green Economy Transition ("GET") approach. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55321XI-IATI-EBRD-53404European Bank for Reconstruction and DevelopmentProvision of up to USD 100 million senior loan to support expansion and upgrade of its Zgounder silver mine in Morocco, including (i) a new state of the art 2,000tpd processing plant; (ii) a new power line with a renewable energy power purchase agreement; (iii) new wastewater facilities; and (iv) expansion of the underground and open pit mine. The facility will have 6-year tenor. USD 92 million will be underwritten by EBRD of which USD 50 will be syndicated after signing and USD 8 million to be provided from the Clean Technology Fund. The project will enable to support an independent mining company in Morocco in strengthening its competitiveness through gains in efficiency, skills, productivity and innovation.European Bank for Reconstruction and DevelopmentZGOUNDER MILLENIUM SILVER MININGEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCASABLANCA33.58831 -7.6113845522192.07ZGOUNDER MILLENIUM SILVER MININGPRIVATEPRIVATEPRIVATEProvision of up to USD 100 million senior loan to support expansion and upgrade of its Zgounder silver mine in Morocco, including (i) a new state of the art 2,000tpd processing plant; (ii) a new power line with a renewable energy power purchase agreement; (iii) new wastewater facilities; and (iv) expansion of the underground and open pit mine. The facility will have 6-year tenor. USD 92 million will be underwritten by EBRD of which USD 50 will be syndicated after signing and USD 8 million to be provided from the Clean Technology Fund. The project will enable to support an independent mining company in Morocco in strengthening its competitiveness through gains in efficiency, skills, productivity and innovation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53404XI-IATI-EBRD-53199European Bank for Reconstruction and DevelopmentA two-tranche local currency senior loan (the "Loan") of EGP 180m/EUR 9.1m to Hassan Allam Holding ("the Borrower"). The first tranche of EGP 55m/EUR 2.8m will finance the Borrower's capital participation in a growing FMCG e-commerce and distribution platform, whereas the second tranche of EGP 125m/EUR 6.3m will finance the Borrower's operating budget needs.European Bank for Reconstruction and DevelopmentHASSAN ALLAM HOLDING SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.249673200871.43HASSAN ALLAM HOLDING SAEPRIVATEPRIVATEPRIVATEA two-tranche local currency senior loan (the "Loan") of EGP 180m/EUR 9.1m to Hassan Allam Holding ("the Borrower"). The first tranche of EGP 55m/EUR 2.8m will finance the Borrower's capital participation in a growing FMCG e-commerce and distribution platform, whereas the second tranche of EGP 125m/EUR 6.3m will finance the Borrower's operating budget needs. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53199XI-IATI-EBRD-49302European Bank for Reconstruction and DevelopmentLong-term senior debt financing of up to USD 27.2 million (EUR 25.0 million equivalent) to finance the construction of a 50 MW solar photovoltaic plant located in the proposed 1.8 GW Benban solar complex in the Aswan province of Egypt (the "Project"). The Project will be one of the first utility scale solar plants in Egypt and will support the country in increasing its renewable energy capacity. The Project is part of a larger portfolio of two plants with a total capacity of 80 MW developed in Benban by the same group of lead sponsors. The Project will be developed under the programme implemented by the Egyptian government offering feed-in tariffs to projects of up to 50 MW capacity to stimulate private investment in over 4 GW of wind and solar power. This scheme aims to support Egypt to move to a more environmentally sustainable and diverse electricity sector by exploiting the country's vast renewable energy potential. It is expected to improve the environmental characteristics of Egypt's power sector by reducing emissions of local pollutants and CO2, as well as water consumption.European Bank for Reconstruction and DevelopmentINFINITY BENBAN PARK SOLAR ENERGY SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496723941820.88INFINITY BENBAN PARK SOLAR ENERGY SAEPRIVATEPRIVATEPRIVATELong-term senior debt financing of up to USD 27.2 million (EUR 25.0 million equivalent) to finance the construction of a 50 MW solar photovoltaic plant located in the proposed 1.8 GW Benban solar complex in the Aswan province of Egypt (the "Project"). The Project will be one of the first utility scale solar plants in Egypt and will support the country in increasing its renewable energy capacity. The Project is part of a larger portfolio of two plants with a total capacity of 80 MW developed in Benban by the same group of lead sponsors. The Project will be developed under the programme implemented by the Egyptian government offering feed-in tariffs to projects of up to 50 MW capacity to stimulate private investment in over 4 GW of wind and solar power. This scheme aims to support Egypt to move to a more environmentally sustainable and diverse electricity sector by exploiting the country's vast renewable energy potential. It is expected to improve the environmental characteristics of Egypt's power sector by reducing emissions of local pollutants and CO2, as well as water consumption. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49302XI-IATI-EBRD-52818European Bank for Reconstruction and DevelopmentThe Project consists in the issuance of EUR 300 mln 5-year unsecured green corporate Eurobond issue (the "Green Bond") by MAS Securities BV (the "Issuer"), a limited liability company incorporated in the Netherlands and fully guaranteed by MAS Real Estate Inc. ("MAS" or the "Sponsor"), via a public placement on the Global Exchange Market of Euronext Dublin. This is the first bond issue by the Issuer and Sponsor, with all the proceeds to be used for eligible green commercial real estate assets in countries where the EBRD invests across Central and Eastern Europe. MAS is listed on the Johannesburg Stock Exchange and has a market capitalisation of circa EUR 716 mln as of 7 May 2021. The Green Bond issue is underpinned by a Green Financing Framework aligned with the ICMA Green Bond Principles and LMA Green Loan Principles, which was newly developed and validated by an independent second opinion from Sustainalytics. The proceeds from the Bond issue will be used for refinancing senior secured asset-level debt for operating CEE portfolio and to fund a pipeline of sustainable commercial real estate assets in CEE.European Bank for Reconstruction and DevelopmentMAS SECURITIES BVEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUCHAREST44.43225 26.1062625000000MAS SECURITIES BVPRIVATEPRIVATEPRIVATEThe Project consists in the issuance of EUR 300 mln 5-year unsecured green corporate Eurobond issue (the "Green Bond") by MAS Securities BV (the "Issuer"), a limited liability company incorporated in the Netherlands and fully guaranteed by MAS Real Estate Inc. ("MAS" or the "Sponsor"), via a public placement on the Global Exchange Market of Euronext Dublin. This is the first bond issue by the Issuer and Sponsor, with all the proceeds to be used for eligible green commercial real estate assets in countries where the EBRD invests across Central and Eastern Europe. MAS is listed on the Johannesburg Stock Exchange and has a market capitalisation of circa EUR 716 mln as of 7 May 2021. The Green Bond issue is underpinned by a Green Financing Framework aligned with the ICMA Green Bond Principles and LMA Green Loan Principles, which was newly developed and validated by an independent second opinion from Sustainalytics. The proceeds from the Bond issue will be used for refinancing senior secured asset-level debt for operating CEE portfolio and to fund a pipeline of sustainable commercial real estate assets in CEE. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52818XI-IATI-EBRD-53558European Bank for Reconstruction and DevelopmentProvision of up to USD 80 million equity bridge loan (the "Loan") to Egypt Green Hydrogen S.A.E (the "Borrower"), an Egypt domiciled company established for the purpose of developing and operating the first green hydrogen production facility in Egypt. The Loan will support funding the procurement and construction of a 100 MW electrolyser facility together with the related facilities and civil works needed for the completion of the project (the "Electrolyser" or the "Project"). The Electrolyser, which will be powered by renewable energy, will produce green hydrogen that will substitute some of the grey hydrogen (i.e. produced from gas) consumption used by the Egyptian Fertilizer Company (the Offtaker and a subsidiary of the regional fertiliser producer, Fertiglobe PLC) and will be used as input to produce green ammonia which will be exported to the international markets. Being the first project of its kind in Egypt, the Project will lead to a significant demonstration effects and will be an important milestone in the development of a green hydrogen and ammonia industry in Egypt which is a key step towards decarbonising several industries, particularly fertilisers - a main consuming industry for ammonia.European Bank for Reconstruction and DevelopmentEGYPT GREEN HYDROGEN SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGAIN SUKHNA29.59046 32.3424917508535.41EGYPT GREEN HYDROGEN SAEPRIVATEPRIVATEPRIVATEProvision of up to USD 80 million equity bridge loan (the "Loan") to Egypt Green Hydrogen S.A.E (the "Borrower"), an Egypt domiciled company established for the purpose of developing and operating the first green hydrogen production facility in Egypt. The Loan will support funding the procurement and construction of a 100 MW electrolyser facility together with the related facilities and civil works needed for the completion of the project (the "Electrolyser" or the "Project"). The Electrolyser, which will be powered by renewable energy, will produce green hydrogen that will substitute some of the grey hydrogen (i.e. produced from gas) consumption used by the Egyptian Fertilizer Company (the Offtaker and a subsidiary of the regional fertiliser producer, Fertiglobe PLC) and will be used as input to produce green ammonia which will be exported to the international markets. Being the first project of its kind in Egypt, the Project will lead to a significant demonstration effects and will be an important milestone in the development of a green hydrogen and ammonia industry in Egypt which is a key step towards decarbonising several industries, particularly fertilisers - a main consuming industry for ammonia. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53558XI-IATI-EBRD-52491European Bank for Reconstruction and DevelopmentProvision of a senior loan of up to EUR 10 million to Intesa Sanpaolo Banka d.d. BiH ("ISP BiH") for on-lending to eligible private individuals for housing purposes. The facility will contribute to the development of the local financial sector, mainly its mortgage lending segment, and to the improvement of housing conditions of private individuals. The proceeds of the loan will be used by ISP BiH to provide long-term financing for residential mortgage lending in Bosnia and Herzegovina.European Bank for Reconstruction and DevelopmentINTESA SANPAOLO BANKA DD BOSNIA AND HERZEGOVINAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.3564410000000INTESA SANPAOLO BANKA DD BOSNIA AND HERZEGOVINAPRIVATEPRIVATEPRIVATEProvision of a senior loan of up to EUR 10 million to Intesa Sanpaolo Banka d.d. BiH ("ISP BiH") for on-lending to eligible private individuals for housing purposes. The facility will contribute to the development of the local financial sector, mainly its mortgage lending segment, and to the improvement of housing conditions of private individuals. The proceeds of the loan will be used by ISP BiH to provide long-term financing for residential mortgage lending in Bosnia and Herzegovina. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52491XI-IATI-EBRD-52011European Bank for Reconstruction and DevelopmentThis project was approved in the context of the Bank's response to the COVID-19 pandemic. To avoid delays to the delivery of this project, the Bank's President granted a deviation from the ordinary timelines for PSD disclosure, as contemplated by Section V of the Directive on Access to Information. Details of the Bank's response to COVID-19, and this deviation, can be found on our website. Provision of a EUR 5 million loan to Compagnie Internationale de leasing ("CIL") for on-lending to micro, small and medium-sized enterprises (MSMEs) in Tunisia. The proposed project targets MSMEs in Tunisia, which are the core of the Tunisian economy, but remain underserved by the banking sector. In the context of the current COVID-19 crisis, the proposed project will support CIL in addressing the funding needs of the local MSMEs' for capex purposes.European Bank for Reconstruction and DevelopmentCOMPAGNIE INTERNATIONALE DE LEASING SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTUNIS36.81897 10.165795000000COMPAGNIE INTERNATIONALE DE LEASING SAPRIVATEPRIVATEPRIVATEThis project was approved in the context of the Bank's response to the COVID-19 pandemic. To avoid delays to the delivery of this project, the Bank's President granted a deviation from the ordinary timelines for PSD disclosure, as contemplated by Section V of the Directive on Access to Information. Details of the Bank's response to COVID-19, and this deviation, can be found on our website. Provision of a EUR 5 million loan to Compagnie Internationale de leasing ("CIL") for on-lending to micro, small and medium-sized enterprises (MSMEs) in Tunisia. The proposed project targets MSMEs in Tunisia, which are the core of the Tunisian economy, but remain underserved by the banking sector. In the context of the current COVID-19 crisis, the proposed project will support CIL in addressing the funding needs of the local MSMEs' for capex purposes. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52011XI-IATI-EBRD-48309European Bank for Reconstruction and DevelopmentA sovereign loan of up to EUR 290 million (or USD equivalent) to the Arab Republic of Egypt, to be on-lent to Egyptian National Railways ("ENR"). The loan will be used to finance the purchase of up to100 new diesel locomotives under a Supply and Maintain contract outsourced to the private sector via competitive tendering. The project will support wider sector reform and the purchase of the new diesel locomotives will provide significant benefits to the service offer, in terms of fleet availability, operational efficiencies and reliability. The operation will support ENR in its freight sector reform and commercialisation and will include the separation of freight operations and the introduction of track-access charges, which will provide a framework for future private sector involvement in the railway market.European Bank for Reconstruction and DevelopmentEGYPT SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.249679391938.68290000000EGYPT SOVEREIGN2900000EGYPT SOVEREIGN37091343.26EGYPT SOVEREIGN1632052.89EGYPT SOVEREIGN1328329.26EGYPT SOVEREIGN31317328.67EGYPT SOVEREIGN27862206.03EGYPT SOVEREIGN4937560.53EGYPT SOVEREIGN5945335.53EGYPT SOVEREIGN34161726.2EGYPT SOVEREIGN441364.87EGYPT SOVEREIGN32641057.76EGYPT SOVEREIGN7344238.01EGYPT SOVEREIGN7441609.69EGYPT SOVEREIGN10392444.65EGYPT SOVEREIGN203846.08EGYPT SOVEREIGN32641057.76EGYPT SOVEREIGN10310525.79EGYPT SOVEREIGN7540016.27EGYPT SOVEREIGN2321983.14EGYPT SOVEREIGN36856.96EGYPT SOVEREIGN1288938.31EGYPT SOVEREIGN508502.67EGYPT SOVEREIGN460662.93EGYPT SOVEREIGN728128.34EGYPT SOVEREIGN100385.6EGYPT SOVEREIGN2434274.23EGYPT SOVEREIGN839983.52EGYPT SOVEREIGN1418060.61EGYPT SOVEREIGN1897041.41EGYPT SOVEREIGN2243849.09EGYPT SOVEREIGN2341480.37EGYPT SOVEREIGN2001810.96EGYPT SOVEREIGN5854059.93EGYPT SOVEREIGNSTATESTATESTATESTATEA sovereign loan of up to EUR 290 million (or USD equivalent) to the Arab Republic of Egypt, to be on-lent to Egyptian National Railways ("ENR"). The loan will be used to finance the purchase of up to100 new diesel locomotives under a Supply and Maintain contract outsourced to the private sector via competitive tendering. The project will support wider sector reform and the purchase of the new diesel locomotives will provide significant benefits to the service offer, in terms of fleet availability, operational efficiencies and reliability. The operation will support ENR in its freight sector reform and commercialisation and will include the separation of freight operations and the introduction of track-access charges, which will provide a framework for future private sector involvement in the railway market. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48309XI-IATI-EBRD-54126European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to RON 100 million (approximately EUR 20 million equivalent) to UniCredit Consumer Financing IFN SA ("UCFin" or the "Company"), a non-banking financial institution based in Romania, to support green consumer financing solutions. The transaction will allow UCFin to continue extending green consumer financing solutions to its clients. Sub-project eligibility will be confimed by EBRD's Green Technology Selector and 100% of the proceeds will be financing green projects in line with EBRD's Green Economy Transition ("GET") eligibility criteria.European Bank for Reconstruction and DevelopmentUNICREDIT CONSUMER FINANCING IFN SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUCHAREST44.43225 26.1062619087448.19UNICREDIT CONSUMER FINANCING IFN SAPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to RON 100 million (approximately EUR 20 million equivalent) to UniCredit Consumer Financing IFN SA ("UCFin" or the "Company"), a non-banking financial institution based in Romania, to support green consumer financing solutions. The transaction will allow UCFin to continue extending green consumer financing solutions to its clients. Sub-project eligibility will be confimed by EBRD's Green Technology Selector and 100% of the proceeds will be financing green projects in line with EBRD's Green Economy Transition ("GET") eligibility criteria. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54126XI-IATI-EBRD-50285European Bank for Reconstruction and DevelopmentProvision of an additional senior unsecured debt Tranche of up to EUR 10m to be provided to BMCE - Bank of Africa ("BOA") under the existing GVC loan signed in 2020. The additional Tranche will bring the total facility amount to EUR 20m from the current amount of EUR 10m. As per the existing terms and conditions, the proceeds of the additional Tranche will be used by BOA and its leasing subsidiary Maghrebail for on-lending to private sector MSMEs beneficiaries for their capex investments in climate change mitigation and adaptation projects supporting a green economy across specific export value chains and sub-sectors in Morocco (including: agribusiness, manufacturing & services, logistics & distribution, and information & communication technologies). The additional Tranche will enable BOA, a Moroccan private bank, to further expand its offering of green lending products targeting Moroccan private sector MSMEs' capex investment in climate-resilient technologies and services, ultimately supporting a green economy in Morocco.European Bank for Reconstruction and DevelopmentBANK OF AFRICA SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCASABLANCA33.58831 -7.6113817500000BANK OF AFRICA SAPRIVATEPRIVATEPRIVATEProvision of an additional senior unsecured debt Tranche of up to EUR 10m to be provided to BMCE - Bank of Africa ("BOA") under the existing GVC loan signed in 2020. The additional Tranche will bring the total facility amount to EUR 20m from the current amount of EUR 10m. As per the existing terms and conditions, the proceeds of the additional Tranche will be used by BOA and its leasing subsidiary Maghrebail for on-lending to private sector MSMEs beneficiaries for their capex investments in climate change mitigation and adaptation projects supporting a green economy across specific export value chains and sub-sectors in Morocco (including: agribusiness, manufacturing & services, logistics & distribution, and information & communication technologies). The additional Tranche will enable BOA, a Moroccan private bank, to further expand its offering of green lending products targeting Moroccan private sector MSMEs' capex investment in climate-resilient technologies and services, ultimately supporting a green economy in Morocco. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50285XI-IATI-EBRD-56296European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 5.0 million to Tirana Bank (TB) for providing sub-loans to small and medium-sized enterprises (SME) in Albania through the Sustainable Reboot SME Programme (Reboot SME). The proceeds of the Bank's investment will be used to provide sub-loans to help finance investments in SMEs in Albania that will assist in improving their competitiveness, including in the EU single market, and compliance with technical standards in line with the EU Directives and other internationally recognised standards. At least 70 per cent of the investments will be used for Green Economy Transition (GET) eligible technologies. Sub-projects will be selected according to technical and financial eligibility criteria set forth in the Policy Statement for the Sustainable Reboot SME Programme.European Bank for Reconstruction and DevelopmentTIRANA BANK SHAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTIRANA41.3275 19.818892000000TIRANA BANK SHAPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 5.0 million to Tirana Bank (TB) for providing sub-loans to small and medium-sized enterprises (SME) in Albania through the Sustainable Reboot SME Programme (Reboot SME). The proceeds of the Bank's investment will be used to provide sub-loans to help finance investments in SMEs in Albania that will assist in improving their competitiveness, including in the EU single market, and compliance with technical standards in line with the EU Directives and other internationally recognised standards. At least 70 per cent of the investments will be used for Green Economy Transition (GET) eligible technologies. Sub-projects will be selected according to technical and financial eligibility criteria set forth in the Policy Statement for the Sustainable Reboot SME Programme. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56296XI-IATI-EBRD-55475European Bank for Reconstruction and DevelopmentSustainable Reboot SME - Addiko Bank Banja Luka - A senior secured loan of up to €2 million under the Sustainable Reboot SME Programme. The proceeds of the Bank's investment will be used to provide sub-loans to help finance the investments in micro, small and medium-sized enterprises in Bosnia and Herzegovina assisting in improving the competitiveness and compliance with technical standards in line with the EU directives and other international recognized standards.European Bank for Reconstruction and DevelopmentADDIKO BANK AD BANJA LUKAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBANJA LUKA44.77842 17.193862000000ADDIKO BANK AD BANJA LUKAPRIVATEPRIVATEPRIVATEA senior secured loan of up to €2 million under the Sustainable Reboot SME Programme. The proceeds of the Bank's investment will be used to provide sub-loans to help finance the investments in micro, small and medium-sized enterprises in Bosnia and Herzegovina assisting in improving the competitiveness and compliance with technical standards in line with the EU directives and other international recognized standards. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55475XI-IATI-EBRD-50753European Bank for Reconstruction and DevelopmentA follow-on investment in Plum, an existing portfolio company of the EBRD. Investment completed in June 2020. Plum is a mobile application and an AI assistant that helps users save money. Plum connects users' bank accounts, analyses historical spending data, identifies areas of potential savings via bill switching, and automatically saves money on users' behalf on a regular basis. Users have the option to invest this saved money via Plum's investment tool. Null ValueEuropean Bank for Reconstruction and DevelopmentPLUM FINTECH LIMITEDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATHENS37.98376 23.727842323120.51PLUM FINTECH LIMITED2372637.83PLUM FINTECH LIMITEDPRIVATEPRIVATEPRIVATEA follow-on investment in Plum, an existing portfolio company of the EBRD. Investment completed in June 2020. Plum is a mobile application and an AI assistant that helps users save money. Plum connects users' bank accounts, analyses historical spending data, identifies areas of potential savings via bill switching, and automatically saves money on users' behalf on a regular basis. Users have the option to invest this saved money via Plum's investment tool. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50753XI-IATI-EBRD-49517European Bank for Reconstruction and DevelopmentProvision of up to EUR 18 million long-term senior debt financingfor the construction, financing, refinancing and operation of a 44 MW wind farm portfolio owned and controlled by Terna Energy in Greece. The portfolio comprises two operational wind farms with 38MW capacity and one wind farm for construction with 6MW capacity. The additional capacity will increase the renewable share in electricity generation. The refinancing of operating wind farms provides the company with funds to develop additional renewable energy capacity.European Bank for Reconstruction and DevelopmentAIOLIKI RACHOULAS DERVENOCHORION SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATHENS37.98376 23.7278416500000AIOLIKI RACHOULAS DERVENOCHORION SAPRIVATEPRIVATEPRIVATEProvision of up to EUR 18 million long-term senior debt financingfor the construction, financing, refinancing and operation of a 44 MW wind farm portfolio owned and controlled by Terna Energy in Greece. The portfolio comprises two operational wind farms with 38MW capacity and one wind farm for construction with 6MW capacity. The additional capacity will increase the renewable share in electricity generation. The refinancing of operating wind farms provides the company with funds to develop additional renewable energy capacity. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49517XI-IATI-EBRD-54856European Bank for Reconstruction and DevelopmentAn equity investment of up to EUR 25 million in favour of V4C Poland Plus Fund II S.C.A. SICAV-RAIF (the "Fund"), a corporate partnership limited by shares under the laws of Luxemburg. The Fund will make equity and equity-related investments in middle market companies principally in Poland and also in other Central and Eastern European countries (the "Target Region") with the objective of achieving long-term capital growth.European Bank for Reconstruction and DevelopmentV4C POLAND PLUS FUND II SCA SICAV-RAIFEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTALLINN59.43696 24.75353BUDAPEST47.49835 19.04045VILNIUS54.68916 25.2798RIGA56.946 24.10589WARSAW52.22977 21.01178BUCHAREST44.43225 26.1062620957050.2725000000V4C POLAND PLUS FUND II SCA SICAV-RAIFPRIVATEPRIVATEPRIVATEAn equity investment of up to EUR 25 million in favour of V4C Poland Plus Fund II S.C.A. SICAV-RAIF (the "Fund"), a corporate partnership limited by shares under the laws of Luxemburg. The Fund will make equity and equity-related investments in middle market companies principally in Poland and also in other Central and Eastern European countries (the "Target Region") with the objective of achieving long-term capital growth. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54856XI-IATI-EBRD-56462European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan to Industrial Construction Bank CJSC (Ardshinbank CJSC) in amount of up to EUR 110m under the Financial Intermediaries Framework ("FIF") for on-lending to private micro, small and medium enterprises ("MSMEs") in Armenia. The loan will have a tenor of up to 5 years. The project will improve access to finance for MSMEs, which are the main source of employment in the private sector and a major contributor to the economy in Armenia. The loan will enable Ardshinbank to increase its outreach and meet unsatisfied demand for longer term funding from MSMEs. The focus will also be on lending in the regions outside of the capital and attracting new MSME clients.European Bank for Reconstruction and DevelopmentINDUSTRIAL CONSTRUCTION BANK CJSC ARDSHINBANKEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYEREVAN40.18111 44.5136180923505.56INDUSTRIAL CONSTRUCTION BANK CJSC ARDSHINBANKPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan to Industrial Construction Bank CJSC (Ardshinbank CJSC) in amount of up to EUR 110m under the Financial Intermediaries Framework ("FIF") for on-lending to private micro, small and medium enterprises ("MSMEs") in Armenia. The loan will have a tenor of up to 5 years. The project will improve access to finance for MSMEs, which are the main source of employment in the private sector and a major contributor to the economy in Armenia. The loan will enable Ardshinbank to increase its outreach and meet unsatisfied demand for longer term funding from MSMEs. The focus will also be on lending in the regions outside of the capital and attracting new MSME clients. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56462XI-IATI-EBRD-50078European Bank for Reconstruction and DevelopmentProvision of a senior loan to Odvodnja d.o.o. Zadar ("Client"), a municipal company incorporated in Croatia, providing wastewater services to around 78,000 people in the City of Zadar, to co-finance, alongside EU Cohesion Funds, priority investments for the reconstruction and expansion of the wastewater network. Total project costs are estimated at EUR 78.1 million, of which the EBRD is envisaged to finance up to EUR 4.5 million. The EBRD loan will support: (i) rehabilitation and upgrade of the wastewater network, and (ii) upgrade of the two existing Wastewater Treatment Plants ("WWTPs") to reach EU & national environmental standards. The project will also result in a better connectivity with the wastewater system by creating access for approximately 95 per cent of the population in the area (vs 75 per cent currently).European Bank for Reconstruction and DevelopmentVODOVOD DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGZADAR44.11972 15.242224500000VODOVOD DOO101675.97VODOVOD DOO325274.36VODOVOD DOO706666.67VODOVOD DOO900000VODOVOD DOO800000VODOVOD DOO680000VODOVOD DOO986383VODOVOD DOOSTATESTATESTATESTATEProvision of a senior loan to Odvodnja d.o.o. Zadar ("Client"), a municipal company incorporated in Croatia, providing wastewater services to around 78,000 people in the City of Zadar, to co-finance, alongside EU Cohesion Funds, priority investments for the reconstruction and expansion of the wastewater network. Total project costs are estimated at EUR 78.1 million, of which the EBRD is envisaged to finance up to EUR 4.5 million. The EBRD loan will support: (i) rehabilitation and upgrade of the wastewater network, and (ii) upgrade of the two existing Wastewater Treatment Plants ("WWTPs") to reach EU & national environmental standards. The project will also result in a better connectivity with the wastewater system by creating access for approximately 95 per cent of the population in the area (vs 75 per cent currently). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50078XI-IATI-EBRD-48064European Bank for Reconstruction and DevelopmentA loan of up to PLN 500 million to the Polish electricity utility Polska Grupa Energetyczna S.A. ("PGE", or the "Company"). The debt financing will support an investment programme of the Company's distribution business (the "Project") , PGE Dystrybucja S.A. ("PGE DSO"), in the period 2016-2019. The EBRD financing will support PGE to implement grid investments that are critical to connect new renewable energy capacity and to cope with the intermittent nature of their production. The EBRD financing will focus on electricity grid extension and modernisation investments which are aimed at (i) increasing the connection capacity of new renewable energy sources, (ii) improving the grid assets and management systems related to the necessity to control dispersed generation and (iii) reduce energy losses.European Bank for Reconstruction and DevelopmentPGE POLSKA GRUPA ENERGETYCZNA SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.01178116335776.69PGE POLSKA GRUPA ENERGETYCZNA SA116335776.69PGE POLSKA GRUPA ENERGETYCZNA SASTATESTATESTATESTATEA loan of up to PLN 500 million to the Polish electricity utility Polska Grupa Energetyczna S.A. ("PGE", or the "Company"). The debt financing will support an investment programme of the Company's distribution business (the "Project") , PGE Dystrybucja S.A. ("PGE DSO"), in the period 2016-2019. The EBRD financing will support PGE to implement grid investments that are critical to connect new renewable energy capacity and to cope with the intermittent nature of their production. The EBRD financing will focus on electricity grid extension and modernisation investments which are aimed at (i) increasing the connection capacity of new renewable energy sources, (ii) improving the grid assets and management systems related to the necessity to control dispersed generation and (iii) reduce energy losses. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48064XI-IATI-EBRD-53440European Bank for Reconstruction and DevelopmentSenior unsecured loan in the amount of up to USD 10 mln to be provided to ProCredit Bank Georgia ('PCBG') to support investment financing for micro, small and medium sized enterprises ("MSMEs") in Georgia, and promote EU standards in the market under the Eastern Partnership SME Competitiveness ("EaP SMEC") Programme, a successor to the DCFTA Programme, for sustainable investments in technology and equipment. The project will enable the bank to finance medium to long-term investments of Georgian MSMEs in upgrading their technology and equipment necessary to meet EU standards in terms of product quality, health and safety measures and environmental protection, thereby enhancing their competitiveness locally and regionally. The Project aims to deliver at least 70% of sub-loans complying with EBRD Green Economy Transition (GET) approach.European Bank for Reconstruction and DevelopmentPROCREDIT BANK GEORGIA JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTBILISI41.69411 44.833680.018754267.71PROCREDIT BANK GEORGIA JSCPRIVATEPRIVATEPRIVATESenior unsecured loan in the amount of up to USD 10 mln to be provided to ProCredit Bank Georgia ('PCBG') to support investment financing for micro, small and medium sized enterprises ("MSMEs") in Georgia, and promote EU standards in the market under the Eastern Partnership SME Competitiveness ("EaP SMEC") Programme, a successor to the DCFTA Programme, for sustainable investments in technology and equipment. The project will enable the bank to finance medium to long-term investments of Georgian MSMEs in upgrading their technology and equipment necessary to meet EU standards in terms of product quality, health and safety measures and environmental protection, thereby enhancing their competitiveness locally and regionally. The Project aims to deliver at least 70% of sub-loans complying with EBRD Green Economy Transition (GET) approach. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53440XI-IATI-EBRD-54334European Bank for Reconstruction and DevelopmentInvestments of up to EUR 100 million in a series of senior preferred bonds ("SP Bonds") and senior non-preferred bonds ("SNP Bonds") to be issued by Luminor Bank AS in Estonia ("the Issuer") until March 2026 and admitted for trading on the Irish Stock Exchange. EBRD's investment in each issue will be limited to up to 20% of the issuance size. On 31 May 2023, EBRD invested EUR 50 million in the issuance of EUR 300 million senior preferred bonds by the Issuer. The bonds have a four-year maturity with a call option on the third year. On 3 September 2024, EBRD invested EUR 20 million in the issuance of EUR 300 million senior preferred bonds by the Issuer. The bonds have a four-year maturity with a call option on the third year. On 3 June 2025, EBRD invested EUR 12 million in the issuance of EUR 300 million senior preferred bonds by the Issuer. The bonds have a four-year maturity with a call option on the third year. The project supports the resilience of a systemic bank through achieving regulatory compliance and ensures its continued access to international capital markets. The Project aims to scale up Green Economy Transition ("GET") financing in the Baltic countries with the Issuer agreeing to allocate 150% of the EBRD's invested amount into GET-eligible projects.European Bank for Reconstruction and DevelopmentLUMINOR BANK ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTALLINN59.43696 24.75353VILNIUS54.68916 25.2798RIGA56.946 24.1058982000000LUMINOR BANK ASPRIVATEPRIVATEPRIVATEInvestments of up to EUR 100 million in a series of senior preferred bonds ("SP Bonds") and senior non-preferred bonds ("SNP Bonds") to be issued by Luminor Bank AS in Estonia ("the Issuer") until March 2026 and admitted for trading on the Irish Stock Exchange. EBRD's investment in each issue will be limited to up to 20% of the issuance size. On 31 May 2023, EBRD invested EUR 50 million in the issuance of EUR 300 million senior preferred bonds by the Issuer. The bonds have a four-year maturity with a call option on the third year. On 3 September 2024, EBRD invested EUR 20 million in the issuance of EUR 300 million senior preferred bonds by the Issuer. The bonds have a four-year maturity with a call option on the third year. On 3 June 2025, EBRD invested EUR 12 million in the issuance of EUR 300 million senior preferred bonds by the Issuer. The bonds have a four-year maturity with a call option on the third year. The project supports the resilience of a systemic bank through achieving regulatory compliance and ensures its continued access to international capital markets. The Project aims to scale up Green Economy Transition ("GET") financing in the Baltic countries with the Issuer agreeing to allocate 150% of the EBRD's invested amount into GET-eligible projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54334XI-IATI-EBRD-49046European Bank for Reconstruction and DevelopmentProvision of €100 million in a senior note facility as part of a €1.32 billion financing package to restructure the balance sheet of Budapest Airport Kft. The funds will be used to amend and extend existing debt facilities maturing at the end of 2019 and 2020. The new financing package will be split into a banking tranche of €795 million and an institutional investor tranche of €525 million. EBRD will participate in the institutional investor tranche for €100 million. With the proposed transaction, the Bank will support Budapest Airport Kft in its efforts to raise long-term capital from non-banking debt providers (e.g. pension and insurance companies), most of which would invest into Hungarian infrastructure debt securities for the first time.European Bank for Reconstruction and DevelopmentAIRPORT HUNGARY TANACSADO KFTEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUDAPEST47.49835 19.04045100000000AIRPORT HUNGARY TANACSADO KFT100000000AIRPORT HUNGARY TANACSADO KFT100000000AIRPORT HUNGARY TANACSADO KFTSTATESTATESTATESTATEProvision of €100 million in a senior note facility as part of a €1.32 billion financing package to restructure the balance sheet of Budapest Airport Kft. The funds will be used to amend and extend existing debt facilities maturing at the end of 2019 and 2020. The new financing package will be split into a banking tranche of €795 million and an institutional investor tranche of €525 million. EBRD will participate in the institutional investor tranche for €100 million. With the proposed transaction, the Bank will support Budapest Airport Kft in its efforts to raise long-term capital from non-banking debt providers (e.g. pension and insurance companies), most of which would invest into Hungarian infrastructure debt securities for the first time. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49046XI-IATI-EBRD-56815European Bank for Reconstruction and DevelopmentProvision of up to EUR 13.5 million senior secured loan to LeciForce (the "Client", or the "Borrower") to finance the purchase and installation of lecithin production equipment. The Project has been approved under the EBRD InvestEU Framework for Sustainable Transition II. The loan will be used to finance the additional production equipment and installation of lecithin plant as well as associated working capital, for the production of high-quality lecithin for a variety of applications.European Bank for Reconstruction and DevelopmentLECIFORCE SP ZOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.01178KYIV50.45466 30.5238650000013500000LECIFORCE SP ZOOPRIVATEPRIVATEPRIVATEProvision of up to EUR 13.5 million senior secured loan to LeciForce (the "Client", or the "Borrower") to finance the purchase and installation of lecithin production equipment. The Project has been approved under the EBRD InvestEU Framework for Sustainable Transition II. The loan will be used to finance the additional production equipment and installation of lecithin plant as well as associated working capital, for the production of high-quality lecithin for a variety of applications. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56815XI-IATI-EBRD-55539European Bank for Reconstruction and DevelopmentThe provision of up to EUR 90 million sovereign guaranteed loan to the National Energy Company Ukrenergo ("Ukrenergo" or the "Company") for the reconstruction of selected substations in Ukraine (the "Project"). The loan is expected to be co-financed, subject to availability, by investment grants in total amount of up to EUR 60 million from international donors for procurement of reserve stock of electrical equipment and interconnection equipment. The Project aims to enhance the resilience of the power transmission system under constant military attacks to supply uninterrupted energy to the population and businesses throughout the country. The Project is also important for safeguarding the livelihoods and wellbeing of Ukrenergo's vast workforce by improving internal support systems for psychological resilience. The transaction will also help to improve energy market transparency in Ukraine.European Bank for Reconstruction and DevelopmentNATIONAL POWER COMPANY UKRENERGO PJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.52381500000015000000NATIONAL POWER COMPANY UKRENERGO PJSCSTATESTATESTATESTATEThe provision of up to EUR 90 million sovereign guaranteed loan to the National Energy Company Ukrenergo ("Ukrenergo" or the "Company") for the reconstruction of selected substations in Ukraine (the "Project"). The loan is expected to be co-financed, subject to availability, by investment grants in total amount of up to EUR 60 million from international donors for procurement of reserve stock of electrical equipment and interconnection equipment. The Project aims to enhance the resilience of the power transmission system under constant military attacks to supply uninterrupted energy to the population and businesses throughout the country. The Project is also important for safeguarding the livelihoods and wellbeing of Ukrenergo's vast workforce by improving internal support systems for psychological resilience. The transaction will also help to improve energy market transparency in Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55539XI-IATI-EBRD-53997European Bank for Reconstruction and DevelopmentThe European Bank for Reconstruction and Development (EBRD) invested in senior unsecured, Zloty (PLN) denominated Sustainability-Linked Bonds (SLB) with 7-year maturity issued by Cyfrowy Polsat S.A. ("Cyfrowy Polsat", the "Company", the "Issuer"), the dominant entity of the leading Polish telecommunications and media group. With its investment of PLN 800 million the EBRD supported the first SLB issuance aligned with the International Capital Market Association's (ICMA) guidelines for sustainability-linked bonds in Poland. Proceeds will support Cyfrowy Polsat's expansion in the renewable energy segment.European Bank for Reconstruction and DevelopmentCYFROWY POLSAT SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.01178186137242.71CYFROWY POLSAT SAPRIVATEPRIVATEPRIVATEThe European Bank for Reconstruction and Development (EBRD) invested in senior unsecured, Zloty (PLN) denominated Sustainability-Linked Bonds (SLB) with 7-year maturity issued by Cyfrowy Polsat S.A. ("Cyfrowy Polsat", the "Company", the "Issuer"), the dominant entity of the leading Polish telecommunications and media group. With its investment of PLN 800 million the EBRD supported the first SLB issuance aligned with the International Capital Market Association's (ICMA) guidelines for sustainability-linked bonds in Poland. Proceeds will support Cyfrowy Polsat's expansion in the renewable energy segment. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53997XI-IATI-EBRD-56772European Bank for Reconstruction and DevelopmentThe EBRD is making an equity investment of EUR 50 million in favour of the Global Green Bond Initiative ("GGBI" or "the Fund"), a flagship initiative of the European Commission (EC) investing in Green and Sustainability Bonds ("GSBs"). The EBRD will invest alongside several European Development Financial Institutions ("DFIs") supporting the Fund to invest in eligible assets and therefore support the development of GSB markets in low- and middle-income countries across the EBRD region. The EBRD's equity investment will benefit from an unfunded guarantee provided by the European Union (EU) under its European Fund for Sustainable Development Plus (ESFD+) guarantee programme, which supports financing and investment operations in partner countries outside of Europe. The EBRD's investment into the GGBI Fund will help support EBRD Countries-of-Operations ("COOs") transition to climate-resilient, low-carbon economies. This will be achieved through investments into GSBs, therefore also supporting the development of green bond markets across COOs, thus helping to address the climate finance gap.European Bank for Reconstruction and DevelopmentGGBI I SUB-FUNDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANKARA39.91987 32.85427KYIV50.45466 30.52385000000050000000GGBI I SUB-FUNDPRIVATEPRIVATEPRIVATEThe EBRD is making an equity investment of EUR 50 million in favour of the Global Green Bond Initiative ("GGBI" or "the Fund"), a flagship initiative of the European Commission (EC) investing in Green and Sustainability Bonds ("GSBs"). The EBRD will invest alongside several European Development Financial Institutions ("DFIs") supporting the Fund to invest in eligible assets and therefore support the development of GSB markets in low- and middle-income countries across the EBRD region. The EBRD's equity investment will benefit from an unfunded guarantee provided by the European Union (EU) under its European Fund for Sustainable Development Plus (ESFD+) guarantee programme, which supports financing and investment operations in partner countries outside of Europe. The EBRD's investment into the GGBI Fund will help support EBRD Countries-of-Operations ("COOs") transition to climate-resilient, low-carbon economies. This will be achieved through investments into GSBs, therefore also supporting the development of green bond markets across COOs, thus helping to address the climate finance gap. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56772XI-IATI-EBRD-50276European Bank for Reconstruction and DevelopmentProvision of a long-term loan of up to USD 81 million to Kryvyi Rih Industrial Gas LLC (the "Company"), a Joint Venture with majority ownership by Air Products & Chemicals Inc., a company registered in the USA. Subject to finalisation of commercial agreements, the Company will design, construct and operate an on-site air separation unit (the "Project") to be located in Kryvyi Rih. The Project will employ modern, state-of-the-art technology to safely and reliably produce industrial gases, for ArcelorMittal's Kryvyi Rih steel works and other customers in Ukraine and beyond. By replacing existing industrial gas production on ArcelorMittal's site, the new facility will reduce the annual energy consumption of the steel plant.European Bank for Reconstruction and DevelopmentKRYVYI RIH INDUSTRIAL GAS LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKRYVYI RIH47.90966 33.3804435892497.22KRYVYI RIH INDUSTRIAL GAS LLCPRIVATEPRIVATEPRIVATEProvision of a long-term loan of up to USD 81 million to Kryvyi Rih Industrial Gas LLC (the "Company"), a Joint Venture with majority ownership by Air Products & Chemicals Inc., a company registered in the USA. Subject to finalisation of commercial agreements, the Company will design, construct and operate an on-site air separation unit (the "Project") to be located in Kryvyi Rih. The Project will employ modern, state-of-the-art technology to safely and reliably produce industrial gases, for ArcelorMittal's Kryvyi Rih steel works and other customers in Ukraine and beyond. By replacing existing industrial gas production on ArcelorMittal's site, the new facility will reduce the annual energy consumption of the steel plant. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50276XI-IATI-EBRD-55820European Bank for Reconstruction and DevelopmentAn equity commitment of up to EUR 100 million in favour of Luxcara Flaveo IV Central Eastern Europe Co-Invest (the "Supplementary Fund"). The Supplementary Fund will invest alongside Luxcara Flaveo IV Green Energy in renewable energy generation projects solely in EBRD's Countries of Operations ("CoOs").European Bank for Reconstruction and DevelopmentFLAVEO CENTRAL EASTERN EUROPE CO-INVEST SCS SICAV-RAIFEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATHENS37.98376 23.72784VILNIUS54.68916 25.2798RIGA56.946 24.10589WARSAW52.22977 21.01178BUCHAREST44.43225 26.1062651612000100000000FLAVEO CENTRAL EASTERN EUROPE CO-INVEST SCS SICAV-RAIFPRIVATEPRIVATEPRIVATEAn equity commitment of up to EUR 100 million in favour of Luxcara Flaveo IV Central Eastern Europe Co-Invest (the "Supplementary Fund"). The Supplementary Fund will invest alongside Luxcara Flaveo IV Green Energy in renewable energy generation projects solely in EBRD's Countries of Operations ("CoOs"). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55820XI-IATI-EBRD-51440European Bank for Reconstruction and DevelopmentThe proposed transaction is a re-investment of up to EUR 20 million in senior A-class shares of GGF. The proceeds of EBRD's investment will be used for on-lending to financial and non-financial partner institutions ("PIs") in accordance with the Fund's investment guidelines. The loans to PIs are in the form of senior debt, subordinated debt and guarantees, and aim to fund Energy Efficiency ("EE"), Resource Efficiency ("RE") and renewable energy projects across the Fund's target region, including Southeast Europe, the East and South European Neighbourhood Region ("ENR").European Bank for Reconstruction and DevelopmentGREEN FOR GROWTH FUND SOUTHEAST EUROPE SA SICAV-SIFEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTIRANA41.3275 19.81889YEREVAN40.18111 44.51361CAIRO30.06263 31.24967TBILISI41.69411 44.83368ZAGREB45.81444 15.97798AMMAN31.95522 35.94503PRISTINA42.67272 21.16688BEIRUT33.89332 35.50157SKOPJE41.99646 21.43141BELGRADE44.80401 20.46513TUNIS36.81897 10.16579ANKARA39.91987 32.85427KYIV50.45466 30.523820000000GREEN FOR GROWTH FUND SOUTHEAST EUROPE SA SICAV-SIFPRIVATEPRIVATEPRIVATEThe proposed transaction is a re-investment of up to EUR 20 million in senior A-class shares of GGF. The proceeds of EBRD's investment will be used for on-lending to financial and non-financial partner institutions ("PIs") in accordance with the Fund's investment guidelines. The loans to PIs are in the form of senior debt, subordinated debt and guarantees, and aim to fund Energy Efficiency ("EE"), Resource Efficiency ("RE") and renewable energy projects across the Fund's target region, including Southeast Europe, the East and South European Neighbourhood Region ("ENR"). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51440XI-IATI-EBRD-50601European Bank for Reconstruction and DevelopmentA sovereign loan of up to EUR 30 million to the Republic of Moldova to finance energy and resource efficiency upgrades and rehabilitation of public buildings across the country (the "Project"). The financed measures will include but will not be limited to thermal insulation, associated structural works, replacement of doors and windows, installation of high-efficiency lighting and heating, cooling and ventilating upgrades including replacement of inefficient boilers, installation of thermostatic valves, renewable energy systems and energy management systems as well as related energy audits, design and construction supervision. The Project aims to improve energy efficiency at the building level prioritising public buildings, both municipal and state-owned, across the country, which will result in significant environmental benefits through energy savings and reduction of carbon emissions.European Bank for Reconstruction and DevelopmentMOLDOVA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCHISINAU47.00556 28.857527184804.630000000MOLDOVA SOVEREIGN2815195.4MOLDOVA SOVEREIGNSTATESTATESTATESTATEA sovereign loan of up to EUR 30 million to the Republic of Moldova to finance energy and resource efficiency upgrades and rehabilitation of public buildings across the country (the "Project"). The financed measures will include but will not be limited to thermal insulation, associated structural works, replacement of doors and windows, installation of high-efficiency lighting and heating, cooling and ventilating upgrades including replacement of inefficient boilers, installation of thermostatic valves, renewable energy systems and energy management systems as well as related energy audits, design and construction supervision. The Project aims to improve energy efficiency at the building level prioritising public buildings, both municipal and state-owned, across the country, which will result in significant environmental benefits through energy savings and reduction of carbon emissions. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50601XI-IATI-EBRD-56476European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 30 million in favour of Sekerbank T.A.S. ("Sekerbank" or "SB") for on lending to women-led SMEs under Turkey Women in Business II ("TurWiB II"), a blended programme established under Financial Intermediaries Framework ("FIF") to support financing for women-owned and led small and medium-sized enterprises (SMEs) to promote women entrepreneurship in Turkiye. TurWiB II is an integrated and dedicated programme supporting women entrepreneurship and women-led SMEs. EBRD financing will be accompanied by a risk sharing mechanism supported by the Turkish Credit Guarantee Fund ("KGF"), underwritten by the Turkish Ministry of Treasury and Finance, to stimulate lending on a sustainable basis. In addition, women entrepreneurs will be provided with advisory, mentorship and networking opportunities, facilitating their access to know-how and non-financial development services, as well as access to markets.European Bank for Reconstruction and DevelopmentSEKERBANK TASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496630000000SEKERBANK TASPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 30 million in favour of Sekerbank T.A.S. ("Sekerbank" or "SB") for on lending to women-led SMEs under Turkey Women in Business II ("TurWiB II"), a blended programme established under Financial Intermediaries Framework ("FIF") to support financing for women-owned and led small and medium-sized enterprises (SMEs) to promote women entrepreneurship in Turkiye. TurWiB II is an integrated and dedicated programme supporting women entrepreneurship and women-led SMEs. EBRD financing will be accompanied by a risk sharing mechanism supported by the Turkish Credit Guarantee Fund ("KGF"), underwritten by the Turkish Ministry of Treasury and Finance, to stimulate lending on a sustainable basis. In addition, women entrepreneurs will be provided with advisory, mentorship and networking opportunities, facilitating their access to know-how and non-financial development services, as well as access to markets. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56476XI-IATI-EBRD-56966European Bank for Reconstruction and DevelopmentSenior unsecured loan of up to EUR 50 million to Turk Ekonomi Bankasi A.S. ("TEB" or the "Company"), in two equal tranches (first tranche committed, second tranche uncommitted) for on lending to women-led SMEs under Turkey Women in Business II ("TurWiB II"), a blended programme established under Financial Intermediaries Framework ("FIF") to support financing for women led small and medium-sized enterprises (SMEs) to promote women entrepreneurship in Türkiye. TurWiB II is an integrated and dedicated programme supporting women entrepreneurship and women-led SMEs. EBRD financing will be accompanied by a risk sharing mechanism supported by the Turkish Credit Guarantee Fund ("KGF"), underwritten by the Turkish Ministry of Treasury and Finance, to stimulate lending on a sustainable basis. In addition, women entrepreneurs will be provided with advisory, mentorship and networking opportunities, facilitating their access to know-how and non-financial development services, as well as access to markets. EBRD proceeds will be used by TEB for financing women-owned/led SMEs in compliance with the Policy Statement for FIF approved by the Board and adapted for the TurWiB II.European Bank for Reconstruction and DevelopmentTURK EKONOMI BANKASI ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496625000000TURK EKONOMI BANKASI ASPRIVATEPRIVATEPRIVATESenior unsecured loan of up to EUR 50 million to Turk Ekonomi Bankasi A.S. ("TEB" or the "Company"), in two equal tranches (first tranche committed, second tranche uncommitted) for on lending to women-led SMEs under Turkey Women in Business II ("TurWiB II"), a blended programme established under Financial Intermediaries Framework ("FIF") to support financing for women led small and medium-sized enterprises (SMEs) to promote women entrepreneurship in Türkiye. TurWiB II is an integrated and dedicated programme supporting women entrepreneurship and women-led SMEs. EBRD financing will be accompanied by a risk sharing mechanism supported by the Turkish Credit Guarantee Fund ("KGF"), underwritten by the Turkish Ministry of Treasury and Finance, to stimulate lending on a sustainable basis. In addition, women entrepreneurs will be provided with advisory, mentorship and networking opportunities, facilitating their access to know-how and non-financial development services, as well as access to markets. EBRD proceeds will be used by TEB for financing women-owned/led SMEs in compliance with the Policy Statement for FIF approved by the Board and adapted for the TurWiB II. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56966XI-IATI-EBRD-54760European Bank for Reconstruction and DevelopmentA senior unsecured loan up to EUR 25m with up to 2 years final maturity and bullet principal repayment, to finance digital transformation investments of the Turkish manufacturing SMEs under the Digital Transformation Financing Facility ("DTFF" or "Programme"), a blended programme established under the Financial Intermediaries Framework ("FIF"). Turkish SMEs are lagging behind their EU and OECD peers in terms of digitalisation, therefore their production and operational processes are often struggling to compete with global peers. DTFF aims to spread the use of digital technologies among Turkish SMEs through promoting and financing digital transformation to significantly boost their competitiveness. The proposed facility will be the first transaction under the recently appoved DTFF programme and builds on TEB's ambition to pioneer digitalisation transformation of their SME clients. The operation is also aligned with the second priority of Türkiye Country Strategy 2019-2024,approved by the Board on 24 July 2019: "Foster Turkey's Knowledge Economy and Higher Value-Added Activities, and Promote Good Governance". It is also aligned to the Small Business Initiative (BDS15-050). Finally, the project is consistent with the Bank's Strategy for the Promotion of Gender Equality (BDS21-133 (Rev 1)) and the Equality of Opportunity Strategy ((2021-2025) BDS21-134 (Rev 1)) as it fosters people access to digital technologies and aims to address the disproportionate barriers faced by women entrepreneurs.European Bank for Reconstruction and DevelopmentTURK EKONOMI BANKASI ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496625000000TURK EKONOMI BANKASI ASPRIVATEPRIVATEPRIVATEA senior unsecured loan up to EUR 25m with up to 2 years final maturity and bullet principal repayment, to finance digital transformation investments of the Turkish manufacturing SMEs under the Digital Transformation Financing Facility ("DTFF" or "Programme"), a blended programme established under the Financial Intermediaries Framework ("FIF"). Turkish SMEs are lagging behind their EU and OECD peers in terms of digitalisation, therefore their production and operational processes are often struggling to compete with global peers. DTFF aims to spread the use of digital technologies among Turkish SMEs through promoting and financing digital transformation to significantly boost their competitiveness. The proposed facility will be the first transaction under the recently appoved DTFF programme and builds on TEB's ambition to pioneer digitalisation transformation of their SME clients. The operation is also aligned with the second priority of Türkiye Country Strategy 2019-2024,approved by the Board on 24 July 2019: "Foster Turkey's Knowledge Economy and Higher Value-Added Activities, and Promote Good Governance". It is also aligned to the Small Business Initiative (BDS15-050). Finally, the project is consistent with the Bank's Strategy for the Promotion of Gender Equality (BDS21-133 (Rev 1)) and the Equality of Opportunity Strategy ((2021-2025) BDS21-134 (Rev 1)) as it fosters people access to digital technologies and aims to address the disproportionate barriers faced by women entrepreneurs. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54760XI-IATI-EBRD-56691European Bank for Reconstruction and DevelopmentThe EBRD has invested USD 100 million (~EUR 86 million) in the Sustainable Bond issued by QNB Bank A.S. ("QNB Bank"), a universal commercial bank incorporated in Türkiye. The bond was issued under Qatar National Bank's ("QNB Group" or the "Parent") Sustainable Finance and Product Framework that covers the issuance of Green, Social and Sustainability focused bonds, aligned with the International Capital Market Association's Green Bond (the "ICMA GBP") and Social Bond Principles (the "ICMA SBP"). The issuance benefits from a Second Party Opinion from Institutional Shareholder Services Inc. confirming compliance with ICMA GBP and SBP. The project expands green investment opportunities in the private sector, allocating 65 per cent of the financing to support investments in renewable energy, energy efficiency, green buildings, and other qualifying initiatives. The use of the proceeds will also enhance inclusivity by supporting youth and women led businesses in Türkiye with the remaining 35 per cent rendering the partnership capable of "triple" impact. In addition, as part of the investment, QNB Bank will also become the first private bank in the country to develop and implement Climate Transition Plan, to align its strategy, operations, and financial flows with the goals of the Paris Agreement. By embedding transition planning, this transaction sets a benchmark for other Turkish banks and contributes to accelerating the country's financial sector climate transformation.European Bank for Reconstruction and DevelopmentQNB BANK ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496687542677.06QNB BANK ASPRIVATEPRIVATEPRIVATEThe EBRD has invested USD 100 million (~EUR 86 million) in the Sustainable Bond issued by QNB Bank A.S. ("QNB Bank"), a universal commercial bank incorporated in Türkiye. The bond was issued under Qatar National Bank's ("QNB Group" or the "Parent") Sustainable Finance and Product Framework that covers the issuance of Green, Social and Sustainability focused bonds, aligned with the International Capital Market Association's Green Bond (the "ICMA GBP") and Social Bond Principles (the "ICMA SBP"). The issuance benefits from a Second Party Opinion from Institutional Shareholder Services Inc. confirming compliance with ICMA GBP and SBP. The project expands green investment opportunities in the private sector, allocating 65 per cent of the financing to support investments in renewable energy, energy efficiency, green buildings, and other qualifying initiatives. The use of the proceeds will also enhance inclusivity by supporting youth and women led businesses in Türkiye with the remaining 35 per cent rendering the partnership capable of "triple" impact. In addition, as part of the investment, QNB Bank will also become the first private bank in the country to develop and implement Climate Transition Plan, to align its strategy, operations, and financial flows with the goals of the Paris Agreement. By embedding transition planning, this transaction sets a benchmark for other Turkish banks and contributes to accelerating the country's financial sector climate transformation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56691XI-IATI-EBRD-50268European Bank for Reconstruction and DevelopmentInvestment in EUR-denominated green bond in an amount of EUR 30 million as part of a total aggregate issuance of EUR 300 million by Lietuvos Energija UAB ("LE UAB"), the Lithuanian's national energy company and one of the largest state-owned energy groups in the Baltics. The green bond is the second issuance by LE UAB following the first issuance in July 2017 which the EBRD also invested. The investment programme which the EBRD is supporting is critical to help LE UAB to upgrade its distribution network and expand its renewable energy capacity in order to strengthen the sustainability and security of Lithuania's energy supply and reduce its reliance on imported energy. The issue will also enhance LE UAB capital structure by centralising indebtedness at the holding level.European Bank for Reconstruction and DevelopmentIGNITIS GRUPE ABEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGVILNIUS54.68916 25.2798100000000IGNITIS GRUPE AB30000000IGNITIS GRUPE ABSTATESTATESTATESTATEInvestment in EUR-denominated green bond in an amount of EUR 30 million as part of a total aggregate issuance of EUR 300 million by Lietuvos Energija UAB ("LE UAB"), the Lithuanian's national energy company and one of the largest state-owned energy groups in the Baltics. The green bond is the second issuance by LE UAB following the first issuance in July 2017 which the EBRD also invested. The investment programme which the EBRD is supporting is critical to help LE UAB to upgrade its distribution network and expand its renewable energy capacity in order to strengthen the sustainability and security of Lithuania's energy supply and reduce its reliance on imported energy. The issue will also enhance LE UAB capital structure by centralising indebtedness at the holding level. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50268XI-IATI-EBRD-53934European Bank for Reconstruction and DevelopmentAn equity investment of up to US$ 75m in Elemental Group, a company engaged in the collection and recycling of the spent auto-catalysts and electrical waste in Poland, other European countries, Middle-East and the US. The investment will enable the Company to finance its operations in Poland including: (i) installation of 37MW photo-voltaic (PV) panels on the existing site in Zawiercie, and (ii) other capex and working capital for the existing and new plants in Poland. The project will support green energy generation for the Company's own use and a responsible management of limited resources in the circular economy via recycling of finite materials: metals essential for the circular economy, such as gold, silver, copper and others.European Bank for Reconstruction and DevelopmentELEMENTAL HOLDING SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.0117882824590.13ELEMENTAL HOLDING SAPRIVATEPRIVATEPRIVATEAn equity investment of up to US$ 75m in Elemental Group, a company engaged in the collection and recycling of the spent auto-catalysts and electrical waste in Poland, other European countries, Middle-East and the US. The investment will enable the Company to finance its operations in Poland including: (i) installation of 37MW photo-voltaic (PV) panels on the existing site in Zawiercie, and (ii) other capex and working capital for the existing and new plants in Poland. The project will support green energy generation for the Company's own use and a responsible management of limited resources in the circular economy via recycling of finite materials: metals essential for the circular economy, such as gold, silver, copper and others. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53934XI-IATI-EBRD-55037European Bank for Reconstruction and DevelopmentUp to EUR 15m senior secured loan to Photon Energy NV ("Company") to finance (i) a portfolio of up to 20-30MW of solar power plants in Romania, (ii) investments in Lerta R&D and capacity market collateral capex, including in the associated Virtual Power Plant ("VPP") software and hardware platform (jointly "theProject"). The EBRD loan is to be approved under the EBRD InvestEU Framework for Sustainable Transition (OpID 54197). The Bank's proceeds will be used to finance the completion of the Company's solar projects in Romania and will allow the Company to proceed with projects currently in a less advanced development phase across Romania and Poland. EBRD financing will also enable Photon's subsidiary Lerta to participate in the incoming capacity market and energy system services auctions, thus expanding the product offer towards over 1GW of capacity currently supported by the Lerta's VPP software.European Bank for Reconstruction and DevelopmentPHOTON ENERGY NVEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRAGUE50.08804 14.42076WARSAW52.22977 21.01178BUCHAREST44.43225 26.1062610500000PHOTON ENERGY NVPRIVATEPRIVATEPRIVATEUp to EUR 15m senior secured loan to Photon Energy NV ("Company") to finance (i) a portfolio of up to 20-30MW of solar power plants in Romania, (ii) investments in Lerta R&D and capacity market collateral capex, including in the associated Virtual Power Plant ("VPP") software and hardware platform (jointly "theProject"). The EBRD loan is to be approved under the EBRD InvestEU Framework for Sustainable Transition (OpID 54197). The Bank's proceeds will be used to finance the completion of the Company's solar projects in Romania and will allow the Company to proceed with projects currently in a less advanced development phase across Romania and Poland. EBRD financing will also enable Photon's subsidiary Lerta to participate in the incoming capacity market and energy system services auctions, thus expanding the product offer towards over 1GW of capacity currently supported by the Lerta's VPP software. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55037XI-IATI-EBRD-54154European Bank for Reconstruction and DevelopmentProvision of a long term senior loan of up to EUR 90m in favour of Eko-Okna S.A. (the "Company"), a Polish producer of windows and door joinery. EBRD proceeds will be invested into expansion of capacity to manufacture energy efficient windows and doors that will be EU Taxonomy aligned. The Loan will be part of a larger consortium. Upon the successful completion of this Project, the Company will be able to increase the supply of windows and doors with high insulating parameters that will play a pivotal role in EU plan to reach carbon neutrality of buildings until 2050.European Bank for Reconstruction and DevelopmentEKO-OKNA SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKORNICE49.96186 18.6005190000000EKO-OKNA SAPRIVATEPRIVATEPRIVATEProvision of a long term senior loan of up to EUR 90m in favour of Eko-Okna S.A. (the "Company"), a Polish producer of windows and door joinery. EBRD proceeds will be invested into expansion of capacity to manufacture energy efficient windows and doors that will be EU Taxonomy aligned. The Loan will be part of a larger consortium. Upon the successful completion of this Project, the Company will be able to increase the supply of windows and doors with high insulating parameters that will play a pivotal role in EU plan to reach carbon neutrality of buildings until 2050. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54154XI-IATI-EBRD-54134European Bank for Reconstruction and DevelopmentSenior loan of up to EUR 42 mln to Farmak Group, including EUR 22 million of committed (signed on 14 March 2024) and EUR 20 million of uncommitted financing (to be signed upon commitment). Financing of acquisition by Farmak Group of Polish pharmaceutical company Symphar Sp. z o.o., M&A in other countries, as well as IT systems implementation in Ukraine.European Bank for Reconstruction and DevelopmentFARMAK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.01178KYIV50.45466 30.523822000000FARMAK JSCPRIVATEPRIVATEPRIVATESenior loan of up to EUR 42 mln to Farmak Group, including EUR 22 million of committed (signed on 14 March 2024) and EUR 20 million of uncommitted financing (to be signed upon commitment). Financing of acquisition by Farmak Group of Polish pharmaceutical company Symphar Sp. z o.o., M&A in other countries, as well as IT systems implementation in Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54134XI-IATI-EBRD-55569European Bank for Reconstruction and DevelopmentA senior secured loan of up to USD 35m (the "EBRD Loan") equivalent in UAH (or EUR / USD) to Stolitsa Group LLC (the "Borrower"), the main Ukrainian operating entity of Stolitsa Group (the "Group"), a leading residential developer in Kyiv. The EBRD loan comprises (i) financing the development of a phase of the Varshavsky residential project in Kyiv, Ukraine (the "Project"), and (ii) financing of future phases of the Varshavsky residential project and/or other residential projects developed by the Group. The Project is expected to benefit from a first-loss risk cover provided by the European Union under the Ukraine Investment Framework Guarantee Agreement "Municipal, Infrastructure and Industrial Resilience Guarantee Programme Plus". The Project will support delivery of a phase of Varshavsky, a large master-planned residential district in Kyiv, by providing local-currency financing with a bullet repayment structure to complete five residential buildings and bring units to market without excessive reliance on pre-sales.European Bank for Reconstruction and DevelopmentSTOLYTSA GROUP LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.523813131401.5613131401.56STOLYTSA GROUP LLCPRIVATEPRIVATEPRIVATEA senior secured loan of up to USD 35m (the "EBRD Loan") equivalent in UAH (or EUR / USD) to Stolitsa Group LLC (the "Borrower"), the main Ukrainian operating entity of Stolitsa Group (the "Group"), a leading residential developer in Kyiv. The EBRD loan comprises (i) financing the development of a phase of the Varshavsky residential project in Kyiv, Ukraine (the "Project"), and (ii) financing of future phases of the Varshavsky residential project and/or other residential projects developed by the Group. The Project is expected to benefit from a first-loss risk cover provided by the European Union under the Ukraine Investment Framework Guarantee Agreement "Municipal, Infrastructure and Industrial Resilience Guarantee Programme Plus". The Project will support delivery of a phase of Varshavsky, a large master-planned residential district in Kyiv, by providing local-currency financing with a bullet repayment structure to complete five residential buildings and bring units to market without excessive reliance on pre-sales. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55569XI-IATI-EBRD-55879European Bank for Reconstruction and DevelopmentA sovereign guaranteed loan of up to EUR 180 million to the JSC "Ukrainian Railways" (the "Company" or "UZ"), to finance its emergency capex. The Loan will finance the supply and installation of up to 270 MW of small-scale gas-fired power generation capacity at selected existing UZ sites across Ukraine, helping to address the electricity deficit and to ensure uninterrupted energy supply to the population and businesses. In the current crisis environment triggered by the war on Ukraine, the emergency capex program covering supply and installation of up to 270 MW of small scale power generation capacity will support the Company in addressing the electricity deficit and ensuring uninterrupted energy supply to the population and businesses.European Bank for Reconstruction and DevelopmentUKRAINIAN RAILWAYS PJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.5238178200000180000000UKRAINIAN RAILWAYS PJSC1800000UKRAINIAN RAILWAYS PJSCSTATESTATESTATESTATEA sovereign guaranteed loan of up to EUR 180 million to the JSC "Ukrainian Railways" (the "Company" or "UZ"), to finance its emergency capex. The Loan will finance the supply and installation of up to 270 MW of small-scale gas-fired power generation capacity at selected existing UZ sites across Ukraine, helping to address the electricity deficit and to ensure uninterrupted energy supply to the population and businesses. In the current crisis environment triggered by the war on Ukraine, the emergency capex program covering supply and installation of up to 270 MW of small scale power generation capacity will support the Company in addressing the electricity deficit and ensuring uninterrupted energy supply to the population and businesses. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55879XI-IATI-EBRD-56077European Bank for Reconstruction and DevelopmentA sovereign guaranteed loan of up to EUR 160 million to the "PJSC Ukrnafta" (the "Company" or "Ukrnafta"), to finance its emergency capex. The Loan will finance the construction and installation of c.250 MW of peaking distributed gas-fired co-generation capacity (the "Project"). In the current crisis environment triggered by the war on Ukraine, the project will address the electricity and heat deficit and ensure uninterrupted energy supply to the population and businesses.European Bank for Reconstruction and DevelopmentUKRNAFTA PJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.5238158400000160000000UKRNAFTA PJSC1600000UKRNAFTA PJSCSTATESTATESTATESTATEA sovereign guaranteed loan of up to EUR 160 million to the "PJSC Ukrnafta" (the "Company" or "Ukrnafta"), to finance its emergency capex. The Loan will finance the construction and installation of c.250 MW of peaking distributed gas-fired co-generation capacity (the "Project"). In the current crisis environment triggered by the war on Ukraine, the project will address the electricity and heat deficit and ensure uninterrupted energy supply to the population and businesses. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56077XI-IATI-EBRD-57396European Bank for Reconstruction and DevelopmentAn unfunded risk-sharing instrument (the "Facility") partly covering the credit risk of new sub-loans with a total value of EUR 60 million equivalent (the "Covered Portfolio") to be originated by Kredobank ("KB", the "PFI") in Ukraine. The Facility will include two sub-limits with the Covered Portfolio of: (i) EUR 42 million under the Resilience and Livelihoods Guarantee product, (ii) EUR 18 million under the EU4Business-EBRD Credit Line with Incentives (assigned with a separate EBRD project number 57396). Under the Resilience and Livelihoods Guarantee, sub-loans will finance a broader range of working capital and investment needs of Ukrainian private businesses across key economic sectors, helping sustain their operations and livelihoods. Under the EU4Business-EBRD Credit Line with Incentives, the EBRD and the EU support investment projects of local small and medium enterprises ("SMEs"). The EBRD enables financing of long-term capital investments of SMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of the enabled financing), thereby enhancing businesses' competitiveness. Eligible sub-borrowers will also receive technical assistance funded by the EU and grant support in the form of investment incentives upon the completion of their investment projects. The Facility will be used to support lending to Ukrainian private companies operating in the primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in Ukraine.European Bank for Reconstruction and DevelopmentKREDOBANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGLVIV49.83826 24.0232452500005250000KREDOBANK JSCPRIVATEPRIVATEPRIVATEAn unfunded risk-sharing instrument (the "Facility") partly covering the credit risk of new sub-loans with a total value of EUR 60 million equivalent (the "Covered Portfolio") to be originated by Kredobank ("KB", the "PFI") in Ukraine. The Facility will include two sub-limits with the Covered Portfolio of: (i) EUR 42 million under the Resilience and Livelihoods Guarantee product, (ii) EUR 18 million under the EU4Business-EBRD Credit Line with Incentives (assigned with a separate EBRD project number 57396). Under the Resilience and Livelihoods Guarantee, sub-loans will finance a broader range of working capital and investment needs of Ukrainian private businesses across key economic sectors, helping sustain their operations and livelihoods. Under the EU4Business-EBRD Credit Line with Incentives, the EBRD and the EU support investment projects of local small and medium enterprises ("SMEs"). The EBRD enables financing of long-term capital investments of SMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of the enabled financing), thereby enhancing businesses' competitiveness. Eligible sub-borrowers will also receive technical assistance funded by the EU and grant support in the form of investment incentives upon the completion of their investment projects. The Facility will be used to support lending to Ukrainian private companies operating in the primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57396XI-IATI-EBRD-54746European Bank for Reconstruction and DevelopmentAn equity investment of up to USD 25 million in the Fund. The Fund will seek to raise USD 220-250 million commitments to make equity and equity related investments in early and growth-stage technology oriented enterprises primarily in Central and South Eastern Europe and Türkiye (collectively the "Region"), with the objective of achieving long term capial growth. Null ValueEuropean Bank for Reconstruction and DevelopmentDIGITAL EAST FUND III SCSPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSOFIA42.69751 23.32415TALLINN59.43696 24.75353ATHENS37.98376 23.72784ZAGREB45.81444 15.97798BUDAPEST47.49835 19.04045VILNIUS54.68916 25.2798RIGA56.946 24.10589WARSAW52.22977 21.01178BUCHAREST44.43225 26.10626BELGRADE44.80401 20.46513LJUBLJANA46.05108 14.50513BRATISLAVA48.14816 17.10674ANKARA39.91987 32.854277348113.1113189779.29DIGITAL EAST FUND III SCSPPRIVATEPRIVATEPRIVATEAn equity investment of up to USD 25 million in the Fund. The Fund will seek to raise USD 220-250 million commitments to make equity and equity related investments in early and growth-stage technology oriented enterprises primarily in Central and South Eastern Europe and Türkiye (collectively the "Region"), with the objective of achieving long term capial growth. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54746XI-IATI-EBRD-56170European Bank for Reconstruction and DevelopmentAn unfunded risk-sharing instrument covering up to 80% of the credit risk in newly originated sub-loans with the total value of EUR 150 million equivalent (the "Covered Portfolio") to be originated by Credit Agricole Bank in Ukraine. The Project will include three sub-limits with the Covered Portfolio of: (i) EUR 80 million under the Resilience and Livelihoods Guarantee product, (ii) EUR 40 million under EBRD's Energy Security Support Facility (assigned with a separate EBRD project number 56172) and (iii) EUR 30 million under the EU4Business-EBRD Credit Line with Incentives (assigned with a separate EBRD project number 56737). Under the Resilience and Livelihoods Guarantee product, sub-loans will finance broader working capital and investment needs of Ukrainian private businesses across key economic sectors, helping sustain their operations and livelihoods. Under the Energy Security Support Facility, sub-loans will finance energy generation, energy storage and energy efficiency sub-projects to Ukrainian businesses. All sub-borrowers will receive technical assistance to facilitate their investments' structuring and implementation. Under the EU4Business-EBRD Credit Line with Incentives, the EBRD and the EU support investment projects of local small and medium-sized enterprises ("SMEs"). The EBRD enables financing of long-term capital investments of SMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of the sub-limit), thereby enhancing businesses' competitiveness. Eligible sub-borrowers will also receive technical assistance funded by the EU and grant support in the form of investment incentives upon the completion of their investment projects. The facility will be used to support lending to Ukrainian sub-borrowers in sectors critical to safeguarding the country's resilience and essential for the country's energy security, with priority given to MSMEs and corporate borrowers, investing in projects that enhance energy security and energy efficiency in Ukraine.European Bank for Reconstruction and DevelopmentCREDIT AGRICOLE BANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.52382000000020000000CREDIT AGRICOLE BANK JSCPRIVATEPRIVATEPRIVATEAn unfunded risk-sharing instrument covering up to 80% of the credit risk in newly originated sub-loans with the total value of EUR 150 million equivalent (the "Covered Portfolio") to be originated by Credit Agricole Bank in Ukraine. The Project will include three sub-limits with the Covered Portfolio of: (i) EUR 80 million under the Resilience and Livelihoods Guarantee product, (ii) EUR 40 million under EBRD's Energy Security Support Facility (assigned with a separate EBRD project number 56172) and (iii) EUR 30 million under the EU4Business-EBRD Credit Line with Incentives (assigned with a separate EBRD project number 56737). Under the Resilience and Livelihoods Guarantee product, sub-loans will finance broader working capital and investment needs of Ukrainian private businesses across key economic sectors, helping sustain their operations and livelihoods. Under the Energy Security Support Facility, sub-loans will finance energy generation, energy storage and energy efficiency sub-projects to Ukrainian businesses. All sub-borrowers will receive technical assistance to facilitate their investments' structuring and implementation. Under the EU4Business-EBRD Credit Line with Incentives, the EBRD and the EU support investment projects of local small and medium-sized enterprises ("SMEs"). The EBRD enables financing of long-term capital investments of SMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of the sub-limit), thereby enhancing businesses' competitiveness. Eligible sub-borrowers will also receive technical assistance funded by the EU and grant support in the form of investment incentives upon the completion of their investment projects. The facility will be used to support lending to Ukrainian sub-borrowers in sectors critical to safeguarding the country's resilience and essential for the country's energy security, with priority given to MSMEs and corporate borrowers, investing in projects that enhance energy security and energy efficiency in Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56170XI-IATI-EBRD-54234European Bank for Reconstruction and DevelopmentThe Project comprises investments into the inland grain transport fleet of IMC, a medium-size Ukrainian crop producer. The Project will increase IMC's grain logistics efficiency and ensure sustainability of IMC's export capacity.European Bank for Reconstruction and DevelopmentPAE SLOBOZHANSCHYNA AGROEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSUMY50.9216 34.800298754267.71PAE SLOBOZHANSCHYNA AGROPRIVATEPRIVATEPRIVATEThe Project comprises investments into the inland grain transport fleet of IMC, a medium-size Ukrainian crop producer. The Project will increase IMC's grain logistics efficiency and ensure sustainability of IMC's export capacity. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54234XI-IATI-EBRD-54251European Bank for Reconstruction and DevelopmentOn 13 June 2023, The EBRD invested EUR 45 million in the inaugural EUR 500 million Green Covered Bond issued by UniCredit Bank Czech Republic and Slovakia a.s. ("UCBCS") and first of its kind in the Czech Republic. The Bond has a maturity of 5 years and it is listed on the Luxembourg Stock Exchange. On 18 September 2024, the EBRD invested EUR 35 million in the second EUR 500 million Covered Bond issued by UCBCS under the Project. The Bond has a maturity of 4.5 years, and it is listed on the Luxembourg Stock Exchange. On 03 September 2025, the EBRD invested EUR 12.5 million in the third EUR 500 million Covered Bond issued by UCBCS under the Project. The Bond has a maturity of 4.5 years, and it is listed on the Luxembourg Stock Exchange. The Project delivers a strong contribution to the Bank's green agenda in the Czech Republic and Slovakia by expanding green lending in both countries. This is achieved through support for the first-ever Green Covered Bond issued out of the Czech Republic in June 2023, as well as the 2024 investment and the current investment, both of which involve UCBCS committing to allocate an amount equal to 170% of the EBRD proceeds to financing green projects in line with the EBRD's Green Economy Transition (GET) requirements. Furthermore, the Project contributes to the resilience and enhanced funding profile of UCBCS, one of the systemic banks in the country.European Bank for Reconstruction and DevelopmentUNICREDIT BANK CZECH REPUBLIC AND SLOVAKIA ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRAGUE50.08804 14.42076BRATISLAVA48.14816 17.1067492500000UNICREDIT BANK CZECH REPUBLIC AND SLOVAKIA ASPRIVATEPRIVATEPRIVATEOn 13 June 2023, The EBRD invested EUR 45 million in the inaugural EUR 500 million Green Covered Bond issued by UniCredit Bank Czech Republic and Slovakia a.s. ("UCBCS") and first of its kind in the Czech Republic. The Bond has a maturity of 5 years and it is listed on the Luxembourg Stock Exchange. On 18 September 2024, the EBRD invested EUR 35 million in the second EUR 500 million Covered Bond issued by UCBCS under the Project. The Bond has a maturity of 4.5 years, and it is listed on the Luxembourg Stock Exchange. On 03 September 2025, the EBRD invested EUR 12.5 million in the third EUR 500 million Covered Bond issued by UCBCS under the Project. The Bond has a maturity of 4.5 years, and it is listed on the Luxembourg Stock Exchange. The Project delivers a strong contribution to the Bank's green agenda in the Czech Republic and Slovakia by expanding green lending in both countries. This is achieved through support for the first-ever Green Covered Bond issued out of the Czech Republic in June 2023, as well as the 2024 investment and the current investment, both of which involve UCBCS committing to allocate an amount equal to 170% of the EBRD proceeds to financing green projects in line with the EBRD's Green Economy Transition (GET) requirements. Furthermore, the Project contributes to the resilience and enhanced funding profile of UCBCS, one of the systemic banks in the country. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54251XI-IATI-EBRD-56421European Bank for Reconstruction and DevelopmentA corporate senior unsecured loan of up to EUR 175 million to Public Power Corporation SA ("PPC" or the "Company"), the incumbent utility in Greece and a leading energy utility in SEE, active in electricity generation, distribution, and supply, mainly in Greece and Romania. The loan's proceeds will fund the development, construction, and operation of approximately 400 MW RES capacity in Romania, Bulgaria and Greece (the "Project"). The loan will partially benefit from support under the InvestEU Fund. The Bank has agreed a Non-Technical Summary (NTS) and a Stakeholder Engagement Plan (SEP) with PPC to be published for the first identified project, a 140 MW wind farm in Eastern Romania. The Project's primary objectives are to support PPC in financing its extensive investment programme and expanding its renewable energy generation capacity across the SEE region, while also facilitating PPC's full exit from coal as committed by the year-end of 2026. Additionally, the Project will enable the installation of a significant RES capacity in Romania, Bulgaria and Greece, thus helping to meet the region's growing energy demands. Finally, the Project builds on the successful existing partnership with PPC, offering an opportunity for the Bank to deepen its engagement with a major Greek corporate active across SEE as well as the wider EBRD region.European Bank for Reconstruction and DevelopmentPUBLIC POWER CORPORATION SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSOFIA42.69751 23.32415ATHENS37.98376 23.72784BUCHAREST44.43225 26.10626175000000175000000PUBLIC POWER CORPORATION SAPRIVATEPRIVATEPRIVATEA corporate senior unsecured loan of up to EUR 175 million to Public Power Corporation SA ("PPC" or the "Company"), the incumbent utility in Greece and a leading energy utility in SEE, active in electricity generation, distribution, and supply, mainly in Greece and Romania. The loan's proceeds will fund the development, construction, and operation of approximately 400 MW RES capacity in Romania, Bulgaria and Greece (the "Project"). The loan will partially benefit from support under the InvestEU Fund. The Bank has agreed a Non-Technical Summary (NTS) and a Stakeholder Engagement Plan (SEP) with PPC to be published for the first identified project, a 140 MW wind farm in Eastern Romania. The Project's primary objectives are to support PPC in financing its extensive investment programme and expanding its renewable energy generation capacity across the SEE region, while also facilitating PPC's full exit from coal as committed by the year-end of 2026. Additionally, the Project will enable the installation of a significant RES capacity in Romania, Bulgaria and Greece, thus helping to meet the region's growing energy demands. Finally, the Project builds on the successful existing partnership with PPC, offering an opportunity for the Bank to deepen its engagement with a major Greek corporate active across SEE as well as the wider EBRD region. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56421XI-IATI-EBRD-50634European Bank for Reconstruction and DevelopmentProvision of a loan of up to EUR 80 million for the acquisition and construction of a Liquefied Natural Gas (LNG) Floating Storage and Regasification Unit (FSRU) and its related infrastructure in Vasilikos Bay, Republic of Cyprus. The Project will be a landmark for Cyprus by introducing natural gas to the country for the first time, thereby reducing the country's dependence on imported oil and petroleum products, and enabling the switch to cleaner fuels. The Project will significantly reduce emmissions of CO2 and other pollutants, reduce Cyprus' energy costs, increase energy security and promote regional interconnections.European Bank for Reconstruction and DevelopmentNATURAL GAS INFRASTRUCTURE COMPANY OF CYPRUS (ETYFA)European Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGNICOSIA35.17531 33.364213009345.4280000000NATURAL GAS INFRASTRUCTURE COMPANY OF CYPRUS (ETYFA)720000NATURAL GAS INFRASTRUCTURE COMPANY OF CYPRUS (ETYFA)5000000NATURAL GAS INFRASTRUCTURE COMPANY OF CYPRUS (ETYFA)6999533NATURAL GAS INFRASTRUCTURE COMPANY OF CYPRUS (ETYFA)13592789NATURAL GAS INFRASTRUCTURE COMPANY OF CYPRUS (ETYFA)10540362NATURAL GAS INFRASTRUCTURE COMPANY OF CYPRUS (ETYFA)6366264NATURAL GAS INFRASTRUCTURE COMPANY OF CYPRUS (ETYFA)4953991NATURAL GAS INFRASTRUCTURE COMPANY OF CYPRUS (ETYFA)10340062NATURAL GAS INFRASTRUCTURE COMPANY OF CYPRUS (ETYFA)8477653.58NATURAL GAS INFRASTRUCTURE COMPANY OF CYPRUS (ETYFA)STATESTATESTATESTATEProvision of a loan of up to EUR 80 million for the acquisition and construction of a Liquefied Natural Gas (LNG) Floating Storage and Regasification Unit (FSRU) and its related infrastructure in Vasilikos Bay, Republic of Cyprus. The Project will be a landmark for Cyprus by introducing natural gas to the country for the first time, thereby reducing the country's dependence on imported oil and petroleum products, and enabling the switch to cleaner fuels. The Project will significantly reduce emmissions of CO2 and other pollutants, reduce Cyprus' energy costs, increase energy security and promote regional interconnections. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50634XI-IATI-EBRD-56765European Bank for Reconstruction and DevelopmentHalyvourgia RRF - Null Value The loan proceeds will finance the construction of a 32MW photovoltaic park to be developed by the Project SPV, which in turn will supply 100% of green electricity to Halyvourgia (the "Project"). The Project supports decarbonisation of the steel sector in Greece and is attributed 100% Green finance.European Bank for Reconstruction and DevelopmentSUNSTEEL SINGLE MEMBER SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKIFISSIA38.07438 23.8110656581405658140SUNSTEEL SINGLE MEMBER SAPRIVATEPRIVATEPRIVATENull Value The loan proceeds will finance the construction of a 32MW photovoltaic park to be developed by the Project SPV, which in turn will supply 100% of green electricity to Halyvourgia (the "Project"). The Project supports decarbonisation of the steel sector in Greece and is attributed 100% Green finance. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56765XI-IATI-EBRD-50444European Bank for Reconstruction and DevelopmentThe proposed transaction is an equity commitment of up to EUR 30 million in favour of Earlybird Digital East Fund II (the "Fund"). The Fund will make equity and equity related investments in technology based early and growth-stage micro, small and medium-sized enterprises in Central and South Eastern Europe, Turkey and Jordan, with the objective of achieving long-term capital appreciation.European Bank for Reconstruction and DevelopmentDIGITAL EAST FUND II SCSPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSOFIA42.69751 23.32415TALLINN59.43696 24.75353ATHENS37.98376 23.72784ZAGREB45.81444 15.97798BUDAPEST47.49835 19.04045AMMAN31.95522 35.94503VILNIUS54.68916 25.2798RIGA56.946 24.10589WARSAW52.22977 21.01178BUCHAREST44.43225 26.10626BELGRADE44.80401 20.46513LJUBLJANA46.05108 14.50513BRATISLAVA48.14816 17.10674ANKARA39.91987 32.85427KYIV50.45466 30.52383864870.6130000000DIGITAL EAST FUND II SCSPPRIVATEPRIVATEPRIVATEThe proposed transaction is an equity commitment of up to EUR 30 million in favour of Earlybird Digital East Fund II (the "Fund"). The Fund will make equity and equity related investments in technology based early and growth-stage micro, small and medium-sized enterprises in Central and South Eastern Europe, Turkey and Jordan, with the objective of achieving long-term capital appreciation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50444XI-IATI-EBRD-55557European Bank for Reconstruction and DevelopmentSenior unsecured loan of up to EUR 7.5 million to be provided to Victoriabank ("VB"), an existing EBRD partner bank in Moldova, for on-lending to eligible micro, small and medium-sized enterprises ("MSMEs") under the SME Competitiveness and Inclusion Programme in the Eastern Partnership of the EU. The loan will consist of two tranches, each with a tenor of up to 4 years, (1) EUR 5 million and (2) EUR 2.5 million, with the second tranche uncommitted and available at the sole discretion of EBRD. The project will enable VB to support the investments of local MSMEs in upgrading their technology and equipment necessary to meet EU standards (product quality, health and safety measures and environmental preservation). At least 70% of the financed sub-loans are expected to comply with EBRD Green Economy Transition ("GET") approach.European Bank for Reconstruction and DevelopmentVICTORIABANK SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCHISINAU47.00556 28.85755000000VICTORIABANK SAPRIVATEPRIVATEPRIVATESenior unsecured loan of up to EUR 7.5 million to be provided to Victoriabank ("VB"), an existing EBRD partner bank in Moldova, for on-lending to eligible micro, small and medium-sized enterprises ("MSMEs") under the SME Competitiveness and Inclusion Programme in the Eastern Partnership of the EU. The loan will consist of two tranches, each with a tenor of up to 4 years, (1) EUR 5 million and (2) EUR 2.5 million, with the second tranche uncommitted and available at the sole discretion of EBRD. The project will enable VB to support the investments of local MSMEs in upgrading their technology and equipment necessary to meet EU standards (product quality, health and safety measures and environmental preservation). At least 70% of the financed sub-loans are expected to comply with EBRD Green Economy Transition ("GET") approach. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55557XI-IATI-EBRD-53403European Bank for Reconstruction and DevelopmentThe Bank is considering a EUR 75m (in PLN equivalent) sustainability-linked loan to Zabka Polska sp. z o.o. (the "Company", "Borrower") - a convenience food retailer in Poland - to support the Company's investment programme, including the EBRD Green Economy Transition ("GET") eligible investments (the "Project"). The facility will support financing of Zabka's medium term capex programme in Poland, including investments in a BREEAM Excellent distribution centre and low-carbon stores as well as in e-mobility and food waste minimisation technologies.European Bank for Reconstruction and DevelopmentZABKA POLSKA SP ZOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPOZNAN52.40692 16.9299372126727.35ZABKA POLSKA SP ZOOPRIVATEPRIVATEPRIVATEThe Bank is considering a EUR 75m (in PLN equivalent) sustainability-linked loan to Zabka Polska sp. z o.o. (the "Company", "Borrower") - a convenience food retailer in Poland - to support the Company's investment programme, including the EBRD Green Economy Transition ("GET") eligible investments (the "Project"). The facility will support financing of Zabka's medium term capex programme in Poland, including investments in a BREEAM Excellent distribution centre and low-carbon stores as well as in e-mobility and food waste minimisation technologies. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53403XI-IATI-EBRD-49145European Bank for Reconstruction and DevelopmentA EUR 27 million senior loan to Hatay Water and Sewerage Administration (HATSU) which currently does not have the capacity to meet the increased demand for services. The loan will be accompanied by an investment grant of EUR 7 million from EBRD Shareholder Special Fund Community Resilience Window (SSF CRW) to finance: * the replacement of 200 km water supply network in Samandagi District of Hatay, * the construction of 240 km waste water collection network in Arsuz District of Hatay, and * procurement of construction supervision engineering works for the two investments mentioned above. Turkey is experiencing significant population growth caused by the refugee influx since the start of the conflict in Syria. Based on recent estimates, some 3 million refugees live in Turkey, placing a huge toll on host communities which are struggling to provide needed services given the dramatic short term population growth. This is particularly true in areas such as Hatay, which are close to the conflict zone. The refugee influx has strained key municipal services in the areas of water, waste water, urban transport and solid waste operations in Hatay. Although the Turkish government has established refugee camps in Hatay region, the majority of the refugees live in the city centre. The project is part of the EBRD's refugee response and will focus on building resilience.European Bank for Reconstruction and DevelopmentHATAY WATER AND SEWAGE ADMINISTRATIONEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANTAKYA36.20655 36.1572227000000HATAY WATER AND SEWAGE ADMINISTRATION298108.85HATAY WATER AND SEWAGE ADMINISTRATION178884.51HATAY WATER AND SEWAGE ADMINISTRATION147406.35HATAY WATER AND SEWAGE ADMINISTRATION185972.65HATAY WATER AND SEWAGE ADMINISTRATION115218.91HATAY WATER AND SEWAGE ADMINISTRATION288747.64HATAY WATER AND SEWAGE ADMINISTRATION640395.55HATAY WATER AND SEWAGE ADMINISTRATION350689.41HATAY WATER AND SEWAGE ADMINISTRATION81414.07HATAY WATER AND SEWAGE ADMINISTRATION199597.04HATAY WATER AND SEWAGE ADMINISTRATION257934.09HATAY WATER AND SEWAGE ADMINISTRATION479850.78HATAY WATER AND SEWAGE ADMINISTRATIONSTATESTATESTATESTATEA EUR 27 million senior loan to Hatay Water and Sewerage Administration (HATSU) which currently does not have the capacity to meet the increased demand for services. The loan will be accompanied by an investment grant of EUR 7 million from EBRD Shareholder Special Fund Community Resilience Window (SSF CRW) to finance: * the replacement of 200 km water supply network in Samandagi District of Hatay, * the construction of 240 km waste water collection network in Arsuz District of Hatay, and * procurement of construction supervision engineering works for the two investments mentioned above. Turkey is experiencing significant population growth caused by the refugee influx since the start of the conflict in Syria. Based on recent estimates, some 3 million refugees live in Turkey, placing a huge toll on host communities which are struggling to provide needed services given the dramatic short term population growth. This is particularly true in areas such as Hatay, which are close to the conflict zone. The refugee influx has strained key municipal services in the areas of water, waste water, urban transport and solid waste operations in Hatay. Although the Turkish government has established refugee camps in Hatay region, the majority of the refugees live in the city centre. The project is part of the EBRD's refugee response and will focus on building resilience. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49145XI-IATI-EBRD-51406European Bank for Reconstruction and DevelopmentAkabe Project - Senior secured loan of up to USD 10.6 million (EUR 9.8 million) to Akabe LLC. The company is seeking financing for (i) the reorganization of the balance sheet through refinancing of its short-term loans, (ii) increased working capital needs to respond to the challenging market environment and (iii) the construction of a warehouse and auxiliary facilities.European Bank for Reconstruction and DevelopmentAKABE LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBAKU40.37767 49.892018053926.3AKABE LLCPRIVATEPRIVATEPRIVATESenior secured loan of up to USD 10.6 million (EUR 9.8 million) to Akabe LLC. The company is seeking financing for (i) the reorganization of the balance sheet through refinancing of its short-term loans, (ii) increased working capital needs to respond to the challenging market environment and (iii) the construction of a warehouse and auxiliary facilities. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51406XI-IATI-EBRD-54317European Bank for Reconstruction and DevelopmentThe EBRD has invested in four bail-in-able issuances of Eurobank S.A. ("ERB") and its parent Eurobank Ergasias Services and Holdings S.A. ("ERBH"). * On 28 April 2021, the EBRD invested EUR 50 million (10% participation) in a senior preferred bond issued by ERB as part of a public benchmark issuance of EUR 500 million listed on the Luxembourg Stock Exchange. * On 7 September 2021, the EBRD invested another EUR 27 million (5.4% participation) in the second senior preferred bond issuance of ERB. * On 29 November 2022, the EBRD invested EUR 10 million (3.3% of the issuance amount) in subordinated ('Tier 2') bonds issued by ERBH as part of a public issuance of EUR 300 million listed on the Luxembourg Stock Exchange. The bonds have a 10 year maturity with a call option on the fifth year (10NC5 structure). * On 19 January 2023, the EBRD invested EUR 20 million (4% of the issuance amount) in senior preferred bonds issued by ERB as part of a public issuance of EUR 500 million to be listed on the Luxembourg Stock Exchange. The bonds have a 6 year maturity with a call option on the fifth year (6NC5 structure). The project supports the resilience and regulatory compliance of a systemically important institution in the country and contributes to the capital market development of Greece. The project also aims to support strong green targets with 150% of the EBRD's investment to be allocated to finance green projects in line with EBRD's Green Economy Transition ("GET") eligibility criteria.European Bank for Reconstruction and DevelopmentEUROBANK SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATHENS37.98376 23.7278420000000EUROBANK SAPRIVATEPRIVATEPRIVATEThe EBRD has invested in four bail-in-able issuances of Eurobank S.A. ("ERB") and its parent Eurobank Ergasias Services and Holdings S.A. ("ERBH"). * On 28 April 2021, the EBRD invested EUR 50 million (10% participation) in a senior preferred bond issued by ERB as part of a public benchmark issuance of EUR 500 million listed on the Luxembourg Stock Exchange. * On 7 September 2021, the EBRD invested another EUR 27 million (5.4% participation) in the second senior preferred bond issuance of ERB. * On 29 November 2022, the EBRD invested EUR 10 million (3.3% of the issuance amount) in subordinated ('Tier 2') bonds issued by ERBH as part of a public issuance of EUR 300 million listed on the Luxembourg Stock Exchange. The bonds have a 10 year maturity with a call option on the fifth year (10NC5 structure). * On 19 January 2023, the EBRD invested EUR 20 million (4% of the issuance amount) in senior preferred bonds issued by ERB as part of a public issuance of EUR 500 million to be listed on the Luxembourg Stock Exchange. The bonds have a 6 year maturity with a call option on the fifth year (6NC5 structure). The project supports the resilience and regulatory compliance of a systemically important institution in the country and contributes to the capital market development of Greece. The project also aims to support strong green targets with 150% of the EBRD's investment to be allocated to finance green projects in line with EBRD's Green Economy Transition ("GET") eligibility criteria. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54317XI-IATI-EBRD-51838European Bank for Reconstruction and DevelopmentThe provision of a senior loan of up to US$ 35 milion to finance 2020-2022 capital expenditure and working capital needs of JSC "Concern Galnaftogaz" ("GNG" or the "Company"), an independent distributor of transportation fuels based in Ukraine. The Project will focus on the following objectves: (i) working capital to develop GNG's Farmer Supply Programme; (ii) improvements in GNG's logistics infrastructure; and (iii) capital expenditure for GNG's fuel stations network, including the installation of electric vehicles charging stationsEuropean Bank for Reconstruction and DevelopmentCONCERN GALNAFTOGAS JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGLVIV49.83826 24.023240.0130639936.97CONCERN GALNAFTOGAS JSCPRIVATEPRIVATEPRIVATEThe provision of a senior loan of up to US$ 35 milion to finance 2020-2022 capital expenditure and working capital needs of JSC "Concern Galnaftogaz" ("GNG" or the "Company"), an independent distributor of transportation fuels based in Ukraine. The Project will focus on the following objectves: (i) working capital to develop GNG's Farmer Supply Programme; (ii) improvements in GNG's logistics infrastructure; and (iii) capital expenditure for GNG's fuel stations network, including the installation of electric vehicles charging stations For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51838XI-IATI-EBRD-51492European Bank for Reconstruction and DevelopmentThe provision of a sovereign loan of up to € 4.58 million to the Republic of Belarus for the benefit of Soligorskvodokanal (the "Company") to finance the rehabilitation and reconstruction of wastewater treatment infrastructure in Kletsk (the "Project"). This is one out of seven subprojects under the Belarus Water Sector Framework, 3rd phase. Other subprojects are in Lyuban, Fanipol, Baranovichi, Bereza, Zhlobin, Shklov. The Project aims to enhance wastewater treatment quality to ensure compliance with the national and EU/HELCOM standards/recommendations for effluent quality treatment and reduction of air, soil, water pollution. The Project will facilitate the advancement of water and wastewater sector reform and improvement of the Company's operational and financial performance and capacity.European Bank for Reconstruction and DevelopmentBELARUS SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGMINSK53.9 27.566674630000BELARUS SOVEREIGN46300BELARUS SOVEREIGNSTATESTATESTATESTATEThe provision of a sovereign loan of up to € 4.58 million to the Republic of Belarus for the benefit of Soligorskvodokanal (the "Company") to finance the rehabilitation and reconstruction of wastewater treatment infrastructure in Kletsk (the "Project"). This is one out of seven subprojects under the Belarus Water Sector Framework, 3rd phase. Other subprojects are in Lyuban, Fanipol, Baranovichi, Bereza, Zhlobin, Shklov. The Project aims to enhance wastewater treatment quality to ensure compliance with the national and EU/HELCOM standards/recommendations for effluent quality treatment and reduction of air, soil, water pollution. The Project will facilitate the advancement of water and wastewater sector reform and improvement of the Company's operational and financial performance and capacity. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51492XI-IATI-EBRD-50836European Bank for Reconstruction and Development€ 50 million loan to Municipal Enterprise 'Kyivsky Metropolitan' (the "Company") to finance the procurement of 50 metro cars for the new metro line to Vynohradar district. The Project is part of the Ukraine Public Transport Framework II (UPTF2) . The facility is designed to serve as a sector-wide catalyst for addressing key challenges in public transport in Ukrainian municipalities. The project addresses critical challenges (including, inter alia, congestion, air pollution, quality of public transport services, etc.) in Kyiv's urban transport development.European Bank for Reconstruction and DevelopmentKYIVSKY METROPOLITAN CEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.52385000000050000000KYIVSKY METROPOLITAN CESTATESTATESTATESTATE€ 50 million loan to Municipal Enterprise 'Kyivsky Metropolitan' (the "Company") to finance the procurement of 50 metro cars for the new metro line to Vynohradar district. The Project is part of the Ukraine Public Transport Framework II (UPTF2) . The facility is designed to serve as a sector-wide catalyst for addressing key challenges in public transport in Ukrainian municipalities. The project addresses critical challenges (including, inter alia, congestion, air pollution, quality of public transport services, etc.) in Kyiv's urban transport development. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50836XI-IATI-EBRD-49312European Bank for Reconstruction and DevelopmentThe provision of debt financing for the reconstruction and widening of the remaining 15 km long road section of the Minsk outer (second) ring road i road section Sloboda i Papernya km 0.000 - km 14.770. Contribution to economic development and operational efficiency from improved road infrastructure and services. The Project will optimise the connectivity around the capital between important industrial centres and tourist destinations in Minsk oblast, including with the Minsk international airport, and will provide a better link between the M2 and M3 motorways; it will facilitate the flow of goods and people and will divert traffic (especially transit traffic) away from the Minsk city centre.European Bank for Reconstruction and DevelopmentBELARUS SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGMINSK53.9 27.5666742450000BELARUS SOVEREIGN424500BELARUS SOVEREIGN7962026.65BELARUS SOVEREIGN823447.25BELARUS SOVEREIGN1064748.55BELARUS SOVEREIGN1206659.43BELARUS SOVEREIGN1449065.5BELARUS SOVEREIGN2124374.64BELARUS SOVEREIGN25366.88BELARUS SOVEREIGN2775060.48BELARUS SOVEREIGN2029951.19BELARUS SOVEREIGN1636618.19BELARUS SOVEREIGN2086638.4BELARUS SOVEREIGN1269426.28BELARUS SOVEREIGN34975.25BELARUS SOVEREIGN2288527.59BELARUS SOVEREIGN1640798.5BELARUS SOVEREIGN829649.06BELARUS SOVEREIGN13359.18BELARUS SOVEREIGN12750BELARUS SOVEREIGN184684.9BELARUS SOVEREIGN413851.89BELARUS SOVEREIGN719266.23BELARUS SOVEREIGN121017.58BELARUS SOVEREIGN184176.54BELARUS SOVEREIGN51108.89BELARUS SOVEREIGN123287.95BELARUS SOVEREIGN260511.62BELARUS SOVEREIGN209932.06BELARUS SOVEREIGN574733.39BELARUS SOVEREIGN54287.69BELARUS SOVEREIGNSTATESTATESTATESTATEThe provision of debt financing for the reconstruction and widening of the remaining 15 km long road section of the Minsk outer (second) ring road i road section Sloboda i Papernya km 0.000 - km 14.770. Contribution to economic development and operational efficiency from improved road infrastructure and services. The Project will optimise the connectivity around the capital between important industrial centres and tourist destinations in Minsk oblast, including with the Minsk international airport, and will provide a better link between the M2 and M3 motorways; it will facilitate the flow of goods and people and will divert traffic (especially transit traffic) away from the Minsk city centre. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49312XI-IATI-EBRD-54094European Bank for Reconstruction and DevelopmentProvision of an up to EUR 10.5 million convertible unsecured loan (the "Convertible Loan") to Noval Property REIC (the "Company" or "Noval Property"). The Convertible Loan will be mandatorily converted into newly issued common shares upon the Initial Public Offering ("IPO") of the Company on the Athens Stock Exchange. The proceeds of the Convertible Loan will be directed towards the Company's pipeline of green asset developments and acquisitions in Greece (the "Project"). Contribution to the expansion of the private sector and support of sustainable developments in the evolving real estate sector in Greece. The Convertible Loan will be used to fund the Company's medium-term investment plans of asset developments and acquisitions dominated by green certified assets, in accordance with Noval Property's long-term strategy of scaling up towards high-quality buildings of modern specifications, fitting occupiers' needs while minimising environmental footprint.European Bank for Reconstruction and DevelopmentNOVAL PROPERTY REICEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATHENS37.98376 23.7278410500000NOVAL PROPERTY REICPRIVATEPRIVATEPRIVATEProvision of an up to EUR 10.5 million convertible unsecured loan (the "Convertible Loan") to Noval Property REIC (the "Company" or "Noval Property"). The Convertible Loan will be mandatorily converted into newly issued common shares upon the Initial Public Offering ("IPO") of the Company on the Athens Stock Exchange. The proceeds of the Convertible Loan will be directed towards the Company's pipeline of green asset developments and acquisitions in Greece (the "Project"). Contribution to the expansion of the private sector and support of sustainable developments in the evolving real estate sector in Greece. The Convertible Loan will be used to fund the Company's medium-term investment plans of asset developments and acquisitions dominated by green certified assets, in accordance with Noval Property's long-term strategy of scaling up towards high-quality buildings of modern specifications, fitting occupiers' needs while minimising environmental footprint. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54094XI-IATI-EBRD-57040European Bank for Reconstruction and DevelopmentThe EBRD (the "Bank") invested EUR 20 million in the EUR 140 million, 5-year senior unsecured bond issued by Aktor Group of Companies (the "Issuer" or the "Company" or "AKTOR") and listed on the Athens Stock Exchange ("ASE"). The proceeds of the bond will finance the Issuer's and its subsidiaries' investment activities in infrastructure, energy and facility management sectors, including acquisitions, as well as refinancing of existing debt. The proceeds of the EBRD's participation will be dedicated to investments in renewable energy generation, battery energy storage systems ("BESS"), social infrastructure, and water supply and wastewater projects in Greece (the "Project"). The Bank's participation will provide funding to sustain the Group's momentum, enabling it to scale investments in renewable energy, social infrastructure, and water management, while supporting a first-time issuer on the Athens Stock Exchange. Additionally, these funds will be directed towards green eligible investments and will encourage increased private sector participation in public infrastructure projects.European Bank for Reconstruction and DevelopmentAKTOR SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATHENS37.98376 23.7278420000000AKTOR SAPRIVATEPRIVATEPRIVATEThe EBRD (the "Bank") invested EUR 20 million in the EUR 140 million, 5-year senior unsecured bond issued by Aktor Group of Companies (the "Issuer" or the "Company" or "AKTOR") and listed on the Athens Stock Exchange ("ASE"). The proceeds of the bond will finance the Issuer's and its subsidiaries' investment activities in infrastructure, energy and facility management sectors, including acquisitions, as well as refinancing of existing debt. The proceeds of the EBRD's participation will be dedicated to investments in renewable energy generation, battery energy storage systems ("BESS"), social infrastructure, and water supply and wastewater projects in Greece (the "Project"). The Bank's participation will provide funding to sustain the Group's momentum, enabling it to scale investments in renewable energy, social infrastructure, and water management, while supporting a first-time issuer on the Athens Stock Exchange. Additionally, these funds will be directed towards green eligible investments and will encourage increased private sector participation in public infrastructure projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57040XI-IATI-EBRD-56316European Bank for Reconstruction and DevelopmentParticipation of EUR 69 million in a corporate green bond issued by VGP N.V ("VGP", the "Company"), a Belgian public limited company (the "Project"). The Bank invested EUR 69 million into EUR 600 million EU Taxonomy compliant green bond issuance. This investment is done under a larger EUR145 million Green Bond investment envelope approved by the board in April 2025, and now fully utilized. The proceeds from the Bank's investment will be used by the Company to fund the development or acquisition of sustainable industrial parks in Serbia, Hungary, Slovakia, Romania, Czech Republic and Croatia.European Bank for Reconstruction and DevelopmentVGP NVEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRAGUE50.08804 14.42076ZAGREB45.81444 15.97798BUDAPEST47.49835 19.04045BUCHAREST44.43225 26.10626BELGRADE44.80401 20.46513BRATISLAVA48.14816 17.10674145000000VGP NVPRIVATEPRIVATEPRIVATEParticipation of EUR 69 million in a corporate green bond issued by VGP N.V ("VGP", the "Company"), a Belgian public limited company (the "Project"). The Bank invested EUR 69 million into EUR 600 million EU Taxonomy compliant green bond issuance. This investment is done under a larger EUR145 million Green Bond investment envelope approved by the board in April 2025, and now fully utilized. The proceeds from the Bank's investment will be used by the Company to fund the development or acquisition of sustainable industrial parks in Serbia, Hungary, Slovakia, Romania, Czech Republic and Croatia. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56316XI-IATI-EBRD-54203European Bank for Reconstruction and DevelopmentThe transaction is an equity investment of up to EUR 50m in Vodeno Limited (the "Company"), via participation in a share capital increase. The proceeds of the EBRD's investment will be used to support future growth of the Company's subsidiaries in EBRD countries of operation, including technology operations and lending activities.European Bank for Reconstruction and DevelopmentVODENO LTDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.0117835999999.92VODENO LTDPRIVATEPRIVATEPRIVATEThe transaction is an equity investment of up to EUR 50m in Vodeno Limited (the "Company"), via participation in a share capital increase. The proceeds of the EBRD's investment will be used to support future growth of the Company's subsidiaries in EBRD countries of operation, including technology operations and lending activities. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54203XI-IATI-EBRD-53967European Bank for Reconstruction and DevelopmentSenior loan of up to PLN 222 million in favour of Gemini Polska sp. z o.o. and Polish Pharmacies sp. z o.o. limited liability companies incorporated in Poland, as well as their subsidiaries, together referred to as the Gemini Group (or the "Group"), to finance the capex programme focused on business expansion in the online and offline sales channels. Out of PLN 222 million loan, PLN 137 million will be committed and PLN 85 million uncommitted. The Loan is a part of a larger consortium financing, with the EBRD joined by other lenders. The EBRD Loan will support the strategic plans of the Gemini Group by co-financing its investment programme focused on e-commerce growth and digital transformation in Poland, as well as continued expansion of the pharmacy chain operating under the Gemini brand (including franchisee partner companies). The proceeds from the EBRD loan will be allocated towards the outfitting and commissioning of a modern BREEAM Very Good-certified warehouse, which will ensure long-turn sustainability of the Group's business while improving operational efficiency, and will also support the Group's growth in the brick-and-mortar channel, including via its market-leading franchise ecosystem.European Bank for Reconstruction and DevelopmentGEMINI POLSKA SP ZOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGGDANSK54.35205 18.6463731876002.81GEMINI POLSKA SP ZOOPRIVATEPRIVATEPRIVATESenior loan of up to PLN 222 million in favour of Gemini Polska sp. z o.o. and Polish Pharmacies sp. z o.o. limited liability companies incorporated in Poland, as well as their subsidiaries, together referred to as the Gemini Group (or the "Group"), to finance the capex programme focused on business expansion in the online and offline sales channels. Out of PLN 222 million loan, PLN 137 million will be committed and PLN 85 million uncommitted. The Loan is a part of a larger consortium financing, with the EBRD joined by other lenders. The EBRD Loan will support the strategic plans of the Gemini Group by co-financing its investment programme focused on e-commerce growth and digital transformation in Poland, as well as continued expansion of the pharmacy chain operating under the Gemini brand (including franchisee partner companies). The proceeds from the EBRD loan will be allocated towards the outfitting and commissioning of a modern BREEAM Very Good-certified warehouse, which will ensure long-turn sustainability of the Group's business while improving operational efficiency, and will also support the Group's growth in the brick-and-mortar channel, including via its market-leading franchise ecosystem. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53967XI-IATI-EBRD-55010European Bank for Reconstruction and DevelopmentA EUR 100m participation in an ESG-linked Schuldschein issuance by ZF Friedrichshafen AG, a leading global tier-one automotive supplier. The Group, based in Friedrichshafen, Germany, is specialising in driveline and chassis technology, transmission systems, as well as active and passive safety technology. The project will support the Borrower's local subsidiaries in Poland, the Czech Republic, Slovakia and Romania. The EBRD financing will support the decarbonisation of transportation and the development of EV supply chains through production of components for battery-electric and hybrid vehicles, as well as Research & Development centres.European Bank for Reconstruction and DevelopmentZF FRIEDRICHSHAFEN AGEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRAGUE50.08804 14.42076WARSAW52.22977 21.01178BUCHAREST44.43225 26.10626BRATISLAVA48.14816 17.10674100000000ZF FRIEDRICHSHAFEN AGPRIVATEPRIVATEPRIVATEA EUR 100m participation in an ESG-linked Schuldschein issuance by ZF Friedrichshafen AG, a leading global tier-one automotive supplier. The Group, based in Friedrichshafen, Germany, is specialising in driveline and chassis technology, transmission systems, as well as active and passive safety technology. The project will support the Borrower's local subsidiaries in Poland, the Czech Republic, Slovakia and Romania. The EBRD financing will support the decarbonisation of transportation and the development of EV supply chains through production of components for battery-electric and hybrid vehicles, as well as Research & Development centres. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55010XI-IATI-EBRD-50991European Bank for Reconstruction and DevelopmentFollow-on investment in Zoovu as part of Venture Capital Investment Programme II (VCIP II). Null ValueEuropean Bank for Reconstruction and DevelopmentZOOVU US HOLDINGS LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.011781750853.54ZOOVU US HOLDINGS LLC4931402.83ZOOVU US HOLDINGS LLCPRIVATEPRIVATEPRIVATEFollow-on investment in Zoovu as part of Venture Capital Investment Programme II (VCIP II). Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50991XI-IATI-EBRD-56243European Bank for Reconstruction and DevelopmentOn 20 May 2025, the EBRD invested EUR 50 million under the Project in a EUR 500 million covered bond issuance by Tatra banka, a.s. ("Tatra"). The bonds have a five-year maturity and are listed on the Bratislava Stock Exchange. On 04 September 2025, the EBRD invested EUR 15 million under the Project in a EUR 500 million covered bond issuance by Tatra. The bonds have a six-year maturity and are listed on the Bratislava Stock Exchange. The Project contributes to strengthening the resilience of the Slovak financial sector and supporting the development of the domestic covered bond market. It aims to improve Tatra's funding profile and balance sheet strength through more stable and longer-term funding, while building capacity to continue supporting housing market development and the real economy. Tatra will allocate 120% of the EBRD's investment to green projects aligned with the Bank's Green Economy Transition (GET) requirements, supporting the expansion of green investments in Slovakia. The project is determined aligned with the Paris Agreement based on the application of the EBRD's Paris alignment approach for indirectly financed investments.European Bank for Reconstruction and DevelopmentTATRA BANKA ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBRATISLAVA48.14816 17.1067475000000TATRA BANKA ASPRIVATEPRIVATEPRIVATEOn 20 May 2025, the EBRD invested EUR 50 million under the Project in a EUR 500 million covered bond issuance by Tatra banka, a.s. ("Tatra"). The bonds have a five-year maturity and are listed on the Bratislava Stock Exchange. On 04 September 2025, the EBRD invested EUR 15 million under the Project in a EUR 500 million covered bond issuance by Tatra. The bonds have a six-year maturity and are listed on the Bratislava Stock Exchange. The Project contributes to strengthening the resilience of the Slovak financial sector and supporting the development of the domestic covered bond market. It aims to improve Tatra's funding profile and balance sheet strength through more stable and longer-term funding, while building capacity to continue supporting housing market development and the real economy. Tatra will allocate 120% of the EBRD's investment to green projects aligned with the Bank's Green Economy Transition (GET) requirements, supporting the expansion of green investments in Slovakia. The project is determined aligned with the Paris Agreement based on the application of the EBRD's Paris alignment approach for indirectly financed investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56243XI-IATI-EBRD-55572European Bank for Reconstruction and DevelopmentThe Project entails an EBRD investment of up to EUR 21m participation, as a top-up to DKV Mobility's Schuldschein ("SSD"), issued in June 2024. EBRD's investment is aimed at financing salary expenses mainly for R&D and software developers located in Romania and Ukraine.European Bank for Reconstruction and DevelopmentDKV MOBILITY GROUP SEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUCHAREST44.43225 26.10626KYIV50.45466 30.523821000000DKV MOBILITY GROUP SEPRIVATEPRIVATEPRIVATEThe Project entails an EBRD investment of up to EUR 21m participation, as a top-up to DKV Mobility's Schuldschein ("SSD"), issued in June 2024. EBRD's investment is aimed at financing salary expenses mainly for R&D and software developers located in Romania and Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55572XI-IATI-EBRD-55912European Bank for Reconstruction and DevelopmentInvestment of TRY 3,915,283,500 (USD 100 million) in a privately placed mortgage covered bond issuance by Akbank T.A.S. The proceeds of the financing will be used under the Türkiye Green Economy Financing Facility II ("GEFF II" or the "Framework", BSD21-156-ADD (12)). The transaction supports Akbank in diversifying its funding sources and reviving the covered bond market in Türkiye, which has been dormant for years, as a viable channel to access longer-maturity TRY funding. Under GEFF II, the project aims to support green economy investments, including the financing of green mortgages, energy efficiency, renewable energy, and climate resilience measures, in a gender-responsive way. The loans will be supported by Technical Cooperation (TC), as envisaged under GEFF II. The project is determined aligned with the Paris Agreement based on the application of the EBRD's Paris alignment approach for indirectly financed investments.European Bank for Reconstruction and DevelopmentAKBANK TASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496673461801.56AKBANK TASPRIVATEPRIVATEPRIVATEInvestment of TRY 3,915,283,500 (USD 100 million) in a privately placed mortgage covered bond issuance by Akbank T.A.S. The proceeds of the financing will be used under the Türkiye Green Economy Financing Facility II ("GEFF II" or the "Framework", BSD21-156-ADD (12)). The transaction supports Akbank in diversifying its funding sources and reviving the covered bond market in Türkiye, which has been dormant for years, as a viable channel to access longer-maturity TRY funding. Under GEFF II, the project aims to support green economy investments, including the financing of green mortgages, energy efficiency, renewable energy, and climate resilience measures, in a gender-responsive way. The loans will be supported by Technical Cooperation (TC), as envisaged under GEFF II. The project is determined aligned with the Paris Agreement based on the application of the EBRD's Paris alignment approach for indirectly financed investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55912XI-IATI-EBRD-54927European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 5.0 million to be provided in one tranche to Raiffeisen Bank Kosovo ("RBKO") under the FIF - SME Go Green Programme ("SME Go Green"). The loan proceeds will be used for providing sub-loans to eligible SMEs in Kosovo for improving their competitiveness and trade potential via targeted investments in sustainability practices and the adoption of internationally recognised quality standards, scaling up green economy investments and in particular, greening of agribusiness supply chains and promoting more equitable access to climate and other finance to women-led SMEs. The bank will aim to deliver 100 per cent of the proceeds to Green Economy Transition (GET) eligible projects.European Bank for Reconstruction and DevelopmentRAIFFEISEN BANK KOSOVO SHAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRISTINA42.67272 21.166885000000RAIFFEISEN BANK KOSOVO SHAPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 5.0 million to be provided in one tranche to Raiffeisen Bank Kosovo ("RBKO") under the FIF - SME Go Green Programme ("SME Go Green"). The loan proceeds will be used for providing sub-loans to eligible SMEs in Kosovo for improving their competitiveness and trade potential via targeted investments in sustainability practices and the adoption of internationally recognised quality standards, scaling up green economy investments and in particular, greening of agribusiness supply chains and promoting more equitable access to climate and other finance to women-led SMEs. The bank will aim to deliver 100 per cent of the proceeds to Green Economy Transition (GET) eligible projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54927XI-IATI-EBRD-53605European Bank for Reconstruction and DevelopmentThe EBRD provided EUR 75 million long-term loan to SASA Polyester Sanayi A.S. (the "Company", or "SASA") to finance the Company's Purified Terephthalic Acid ("PTA") facility investment in Adana, Turkiye (the "Project"). The proceeds of the financing will be used by the Company to implement a state of the art PTA facility with an annual production capacity of 1.6 million ton. The Project will help the Company vertically integrate its operations and introduce operational improvements leading to increased competitiveness. Furthermore, the Project will enable the Company to introduce advanced corporate climate governance practices. The Project is in line with EBRD's Strategy for Turkiye as it supports (i) higher value-added activities and (ii) increased energy and resource efficiency. The Project is also aligned with the EBRD's Green Economy Transition Approach ("GET").European Bank for Reconstruction and DevelopmentSASA POLYESTER SANAYI ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGADANA36.98615 35.3253175000000SASA POLYESTER SANAYI ASPRIVATEPRIVATEPRIVATEThe EBRD provided EUR 75 million long-term loan to SASA Polyester Sanayi A.S. (the "Company", or "SASA") to finance the Company's Purified Terephthalic Acid ("PTA") facility investment in Adana, Turkiye (the "Project"). The proceeds of the financing will be used by the Company to implement a state of the art PTA facility with an annual production capacity of 1.6 million ton. The Project will help the Company vertically integrate its operations and introduce operational improvements leading to increased competitiveness. Furthermore, the Project will enable the Company to introduce advanced corporate climate governance practices. The Project is in line with EBRD's Strategy for Turkiye as it supports (i) higher value-added activities and (ii) increased energy and resource efficiency. The Project is also aligned with the EBRD's Green Economy Transition Approach ("GET"). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53605XI-IATI-EBRD-53914European Bank for Reconstruction and DevelopmentThe provision of EUR25 million long-term loan, to WAT Motor Sanayi ve Ticaret A.S. (WAT Motor or the Company or the Borrower), a Turkish company engaged in the manufacturing of industrial electric motors and electric vehicle (EV) charger equipment. The Bank's financing will be used to finance the Company's investment program that includes (i) capacity increase investments in EV charger equipment production and value added electric motors, and (ii) expansion of e-mobility services by establishing a network of EV charger stations across Türkiye (the Project). The Project is in line with the EBRD's Strategy for Türkiye as it supports the energy and resource efficiency improvements and higher value added activities, through greater value chains integration and improved business standards of local companies. The Project is also aligned with the EBRD's Green Economy Transition (GET) Approach.European Bank for Reconstruction and DevelopmentWAT MOTOR SANAYI VE TICARET ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTEKIRDAG40.9781 27.5110125000000WAT MOTOR SANAYI VE TICARET ASPRIVATEPRIVATEPRIVATEThe provision of EUR25 million long-term loan, to WAT Motor Sanayi ve Ticaret A.S. (WAT Motor or the Company or the Borrower), a Turkish company engaged in the manufacturing of industrial electric motors and electric vehicle (EV) charger equipment. The Bank's financing will be used to finance the Company's investment program that includes (i) capacity increase investments in EV charger equipment production and value added electric motors, and (ii) expansion of e-mobility services by establishing a network of EV charger stations across Türkiye (the Project). The Project is in line with the EBRD's Strategy for Türkiye as it supports the energy and resource efficiency improvements and higher value added activities, through greater value chains integration and improved business standards of local companies. The Project is also aligned with the EBRD's Green Economy Transition (GET) Approach. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53914XI-IATI-EBRD-48959European Bank for Reconstruction and DevelopmentAn equity investment of up to EUR 35 million in Mediterrania Capital III, L.P. (the "Fund"). The Fund has a target size of EUR 250 million and is the follow-on fund of Mediterrania Capital II (SICAV) PLC in which the Bank is an investor. The Fund will seek to generate long-term capital gains from equity and quasi-equity investments in small and medium-sized enterprises and mid-cap companies predominantly in Morocco, Tunisia and Egypt.European Bank for Reconstruction and DevelopmentMEDITERRANIA CAPITAL III LPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.24967RABAT34.01325 -6.83255TUNIS36.81897 10.165791235743.1235000000MEDITERRANIA CAPITAL III LPPRIVATEPRIVATEPRIVATEAn equity investment of up to EUR 35 million in Mediterrania Capital III, L.P. (the "Fund"). The Fund has a target size of EUR 250 million and is the follow-on fund of Mediterrania Capital II (SICAV) PLC in which the Bank is an investor. The Fund will seek to generate long-term capital gains from equity and quasi-equity investments in small and medium-sized enterprises and mid-cap companies predominantly in Morocco, Tunisia and Egypt. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48959XI-IATI-EBRD-46955European Bank for Reconstruction and DevelopmentThe EBRD is providing a loan equivalent of up to USD 9 million to Kyzylzhar Su LLP (the 'Company'), a water supply and wastewater management company in the city of Petropavlovsk (the 'City') in Kazakhstan to support the rehabilitation and upgrade of the water and wastewater system in the City. The loan will allow the replacement and modernisation of parts of the obsolete water supply and wastewater management infrastructure operated by the Company. This will reduce energy consumption and water losses, increase reliability and quality of provided water services, reduce maintenance and operating costs, as well as a reduction in the negative environmental impact.European Bank for Reconstruction and DevelopmentKYZYLZHAR SU LLPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPETROPAVLOVSK56.33843 57.11760.013981680.59KYZYLZHAR SU LLP271478.22KYZYLZHAR SU LLP271478.22KYZYLZHAR SU LLP904927.41KYZYLZHAR SU LLP180985.48KYZYLZHAR SU LLP723941.92KYZYLZHAR SU LLP591822.52KYZYLZHAR SU LLPSTATESTATESTATESTATEThe EBRD is providing a loan equivalent of up to USD 9 million to Kyzylzhar Su LLP (the 'Company'), a water supply and wastewater management company in the city of Petropavlovsk (the 'City') in Kazakhstan to support the rehabilitation and upgrade of the water and wastewater system in the City. The loan will allow the replacement and modernisation of parts of the obsolete water supply and wastewater management infrastructure operated by the Company. This will reduce energy consumption and water losses, increase reliability and quality of provided water services, reduce maintenance and operating costs, as well as a reduction in the negative environmental impact. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/46955XI-IATI-EBRD-48104European Bank for Reconstruction and DevelopmentA sovereign loan of EUR 5.5 million to Georgia, on-lent to the City of Batumi (the City) for the benefit of Batumi Autotransport LLC (the Company), a municipal bus company. The loan is divided in 2 tranches: EUR 3.2 million and EUR 2.3 million respectively. Tranche 2 is co-financed by a capital expenditure grant of EUR 1.5 million from the Eastern Europe Energy Efficiency and Environment Partnership (E5P). The Project aims to improve and modernise bus operations in Batumi through the upgrade of its bus fleet. The project will be complemented by a technical cooperation (TC) package to improve the operational and financial performance of the Company, through the Corporate Development Programme (CDP), assist the City to prepare a Green City Action Plan (GCAP) and raise public awareness on transport related issues.European Bank for Reconstruction and DevelopmentGEORGIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBATUM41.64228 41.633925500000GEORGIA SOVEREIGN32000GEORGIA SOVEREIGN1026000GEORGIA SOVEREIGN50676GEORGIA SOVEREIGN23000GEORGIA SOVEREIGN1026000GEORGIA SOVEREIGN684000GEORGIA SOVEREIGN16367.17GEORGIA SOVEREIGN334878.83GEORGIA SOVEREIGN356808.5GEORGIA SOVEREIGN974257.9GEORGIA SOVEREIGN720988.65GEORGIA SOVEREIGN30078GEORGIA SOVEREIGN920.33GEORGIA SOVEREIGN37996GEORGIA SOVEREIGN94991.89GEORGIA SOVEREIGN32852.21GEORGIA SOVEREIGNSTATESTATESTATESTATEA sovereign loan of EUR 5.5 million to Georgia, on-lent to the City of Batumi (the City) for the benefit of Batumi Autotransport LLC (the Company), a municipal bus company. The loan is divided in 2 tranches: EUR 3.2 million and EUR 2.3 million respectively. Tranche 2 is co-financed by a capital expenditure grant of EUR 1.5 million from the Eastern Europe Energy Efficiency and Environment Partnership (E5P). The Project aims to improve and modernise bus operations in Batumi through the upgrade of its bus fleet. The project will be complemented by a technical cooperation (TC) package to improve the operational and financial performance of the Company, through the Corporate Development Programme (CDP), assist the City to prepare a Green City Action Plan (GCAP) and raise public awareness on transport related issues. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48104XI-IATI-EBRD-55048European Bank for Reconstruction and DevelopmentUp to EUR 20 million equity investment in favour of Usaldusfond EfTEN Special Opportunities Fund ("EfTEN SOF" or the "Fund"), a closed-end real estate fund established in the form of a limited partnership incorporated in Estonia (the " Project"). The target size of the Fund is EUR 75 million. The Fund's objective is to invest in real estate projects in need of additional capital to execute on a business plan (typically to complete construction or repositioning).European Bank for Reconstruction and DevelopmentEFTEN SPECIAL OPPORTUNITIES FUND USALDUSFONDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTALLINN59.43696 24.75353VILNIUS54.68916 25.2798RIGA56.946 24.10589624812220030000EFTEN SPECIAL OPPORTUNITIES FUND USALDUSFONDPRIVATEPRIVATEPRIVATEUp to EUR 20 million equity investment in favour of Usaldusfond EfTEN Special Opportunities Fund ("EfTEN SOF" or the "Fund"), a closed-end real estate fund established in the form of a limited partnership incorporated in Estonia (the " Project"). The target size of the Fund is EUR 75 million. The Fund's objective is to invest in real estate projects in need of additional capital to execute on a business plan (typically to complete construction or repositioning). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55048XI-IATI-EBRD-56743European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to TND 15 million (ca. EUR 4.5m) to Advans Tunisie ("Advans") under the FIF - Tunisia Youth in Business programme for on-lending to private Tunisian MSMEs owned or led by young entrepreneurs under 35 years of age. The loan will be accompanied by a comprehensive technical cooperation package aimed at strengthening Advans and its sub-borrowers' capabilities. The project seeks to expand economic opportunities for underserved young entrepreneurs in Tunisia, based on the premise that youth-led or youth-owned MSMEs (by individuals under 35) represent both a promising market for the Tunisian financial sector and a powerful lever for advancing financial inclusion.European Bank for Reconstruction and DevelopmentADVANS TUNISIE SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTUNIS36.81897 10.165794446950.55ADVANS TUNISIE SAPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to TND 15 million (ca. EUR 4.5m) to Advans Tunisie ("Advans") under the FIF - Tunisia Youth in Business programme for on-lending to private Tunisian MSMEs owned or led by young entrepreneurs under 35 years of age. The loan will be accompanied by a comprehensive technical cooperation package aimed at strengthening Advans and its sub-borrowers' capabilities. The project seeks to expand economic opportunities for underserved young entrepreneurs in Tunisia, based on the premise that youth-led or youth-owned MSMEs (by individuals under 35) represent both a promising market for the Tunisian financial sector and a powerful lever for advancing financial inclusion. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56743XI-IATI-EBRD-56994European Bank for Reconstruction and DevelopmentProvision of a long-term loan of up to €13 million by EBRD to SPEEEX to finance the cost of the acquisition of the Bernina Group. The primary objective of this project is to support Speeex's international expansion through the acquisition of Bernina Group, thereby establishing a direct operational footprint in Switzerland, its core export market. This M&A activity is designed to diversify Speeex's client base, while also increasing competitiveness and profitability by enabling operational synergies between Kosovo and Switzerland. Additionally, the project aims to promote diversity and inclusion within the company through a new HR Strategy and by targeting a balanced (50/50) gender ratio, further strengthening its talent base and social impact.European Bank for Reconstruction and DevelopmentSPEEEX SHPKEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRISTINA42.67272 21.1668813000000SPEEEX SHPKPRIVATEPRIVATEPRIVATEProvision of a long-term loan of up to €13 million by EBRD to SPEEEX to finance the cost of the acquisition of the Bernina Group. The primary objective of this project is to support Speeex's international expansion through the acquisition of Bernina Group, thereby establishing a direct operational footprint in Switzerland, its core export market. This M&A activity is designed to diversify Speeex's client base, while also increasing competitiveness and profitability by enabling operational synergies between Kosovo and Switzerland. Additionally, the project aims to promote diversity and inclusion within the company through a new HR Strategy and by targeting a balanced (50/50) gender ratio, further strengthening its talent base and social impact. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56994XI-IATI-EBRD-51384European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan to National Bank of Egypt ("NBE") of up to USD 30 million, under the Egypt Youth in Business ("EgyptYiB") programme. The proceeds of the loan will be on-lent to local private enterprises that are led or owned by youth. The project is expected to increase the pool of financing availabe to young individuals in Egypt and to help this group of borrowers to build their skill-set and develop their businesses, thereby promoting youth entrepreneurship and youth's participation in business through an integrated approach.European Bank for Reconstruction and DevelopmentNATIONAL BANK OF EGYPT SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496726262803.12NATIONAL BANK OF EGYPT SAEPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan to National Bank of Egypt ("NBE") of up to USD 30 million, under the Egypt Youth in Business ("EgyptYiB") programme. The proceeds of the loan will be on-lent to local private enterprises that are led or owned by youth. The project is expected to increase the pool of financing availabe to young individuals in Egypt and to help this group of borrowers to build their skill-set and develop their businesses, thereby promoting youth entrepreneurship and youth's participation in business through an integrated approach. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51384XI-IATI-EBRD-51850European Bank for Reconstruction and DevelopmentProvision of a long-term senior unsecured loan to Erste Bank AD Novi Sad (EBS) for on-lending to small and medium-sized enterprises (SMEs) in Serbia. The project will contribute to the expansion of lending to private businesses through working capital lines and investment loans to SMEs, including enterprises operating in economically less-developed regions of the country. Furthermore, the transaction supports EBS's growth strategy and the diversification of its funding sources.European Bank for Reconstruction and DevelopmentERSTE BANK AD NOVI SADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGNOVI SAD45.25167 19.8369418403132.11ERSTE BANK AD NOVI SADPRIVATEPRIVATEPRIVATEProvision of a long-term senior unsecured loan to Erste Bank AD Novi Sad (EBS) for on-lending to small and medium-sized enterprises (SMEs) in Serbia. The project will contribute to the expansion of lending to private businesses through working capital lines and investment loans to SMEs, including enterprises operating in economically less-developed regions of the country. Furthermore, the transaction supports EBS's growth strategy and the diversification of its funding sources. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51850XI-IATI-EBRD-53883European Bank for Reconstruction and DevelopmentProvision of a senior loan of up to EUR 12.5 million to Tersan Tersanecilik Tasimacilik Sanayi ve Ticaret A.S. (the "Borrower"). The Bank's investment will be used for financing the capital expenditures of the Borrower including the extension of the repair berth and the installation of solar panels (the "Project "). The Project's overall objective is to strengthen the Borrower's competitive position in the maritime vessel maintenance industry in Turkiye, through (i) the growth in the number of vessels being equipped with Ballast Water Management Systems (BWMS) installations and growth in the number of other eco-friendly and efficiency repairs, (ii) cost efficiency improvements and (iii) energy savings achieved via the use of renewable energy sources.European Bank for Reconstruction and DevelopmentTERSAN TERSANECILIK TASIMACILIK SANAYI VE TICARET ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYALOVA40.65501 29.2769312500000TERSAN TERSANECILIK TASIMACILIK SANAYI VE TICARET ASPRIVATEPRIVATEPRIVATEProvision of a senior loan of up to EUR 12.5 million to Tersan Tersanecilik Tasimacilik Sanayi ve Ticaret A.S. (the "Borrower"). The Bank's investment will be used for financing the capital expenditures of the Borrower including the extension of the repair berth and the installation of solar panels (the "Project "). The Project's overall objective is to strengthen the Borrower's competitive position in the maritime vessel maintenance industry in Turkiye, through (i) the growth in the number of vessels being equipped with Ballast Water Management Systems (BWMS) installations and growth in the number of other eco-friendly and efficiency repairs, (ii) cost efficiency improvements and (iii) energy savings achieved via the use of renewable energy sources. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53883XI-IATI-EBRD-53619European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 70.0 million to Bursa Water and Sewage Administration ("BUSKI" or the "Company") to finance the construction of a c.67-km long water transmission line, a drinking water treatment plant (DWTP) with a capacity of 300,000 m3/day and ancillary structures (the "Project"). The loan will be co-financed by a concessional loan of up to EUR 5.0 million from The Clean Technology Fund ("CTF"). The Project will provide healthy and safe drinking water for the growing population and industrial needs in the City of Bursa and contribute to a more sustainable and energy efficient water resource mix by substituting the extensive use of underground well water sources with surface water, which is expected to reduce energy consumption.European Bank for Reconstruction and DevelopmentBURSA WATER AND SEWAGE ADMINISTRATIONEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBURSA40.19559 29.0601313386466.0970000000BURSA WATER AND SEWAGE ADMINISTRATION11854211.89BURSA WATER AND SEWAGE ADMINISTRATION18977345.84BURSA WATER AND SEWAGE ADMINISTRATION8348503.63BURSA WATER AND SEWAGE ADMINISTRATION8140793.62BURSA WATER AND SEWAGE ADMINISTRATION9292678.93BURSA WATER AND SEWAGE ADMINISTRATIONSTATESTATESTATESTATEA senior unsecured loan of up to EUR 70.0 million to Bursa Water and Sewage Administration ("BUSKI" or the "Company") to finance the construction of a c.67-km long water transmission line, a drinking water treatment plant (DWTP) with a capacity of 300,000 m3/day and ancillary structures (the "Project"). The loan will be co-financed by a concessional loan of up to EUR 5.0 million from The Clean Technology Fund ("CTF"). The Project will provide healthy and safe drinking water for the growing population and industrial needs in the City of Bursa and contribute to a more sustainable and energy efficient water resource mix by substituting the extensive use of underground well water sources with surface water, which is expected to reduce energy consumption. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53619XI-IATI-EBRD-47969European Bank for Reconstruction and DevelopmentThe EBRD is providing a loan of up to USD 100 million to Turk Telekom, the leading communication and convergence technology group in Turkey offering its customers the complete range of fixed voice, mobile, data, and internet services as well as innovative convergence technologies. The financing will be used to support the investment in mobile broadband infrastructure in Turkey. The financing will support the expansion of the broadband infrastructure in Turkey including in the eastern regions where penetration remains lower compared to the rest of the country.European Bank for Reconstruction and DevelopmentTURK TELEKOMUNIKASYON ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANKARA39.91987 32.85427175085354.12TURK TELEKOMUNIKASYON AS87542677.06TURK TELEKOMUNIKASYON AS87542677.06TURK TELEKOMUNIKASYON ASSTATESTATESTATESTATEThe EBRD is providing a loan of up to USD 100 million to Turk Telekom, the leading communication and convergence technology group in Turkey offering its customers the complete range of fixed voice, mobile, data, and internet services as well as innovative convergence technologies. The financing will be used to support the investment in mobile broadband infrastructure in Turkey. The financing will support the expansion of the broadband infrastructure in Turkey including in the eastern regions where penetration remains lower compared to the rest of the country. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47969XI-IATI-EBRD-55391European Bank for Reconstruction and DevelopmentThe transaction envisages provision of a senior loan of up to EUR 20m for financing the company's working capital needs and capital expenditures. The main objective of the project is to provide the company access to working capital funding needed to mitigate 2023 Türkiye earthquake consequences, in turn leading to improved resilience of the company's balance sheet and support the company's growth.European Bank for Reconstruction and DevelopmentMAY AGRO TOHUMCULUK SANAYI VE TICARET ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBURSA40.19559 29.0601310000000MAY AGRO TOHUMCULUK SANAYI VE TICARET ASPRIVATEPRIVATEPRIVATEThe transaction envisages provision of a senior loan of up to EUR 20m for financing the company's working capital needs and capital expenditures. The main objective of the project is to provide the company access to working capital funding needed to mitigate 2023 Türkiye earthquake consequences, in turn leading to improved resilience of the company's balance sheet and support the company's growth. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55391XI-IATI-EBRD-50814European Bank for Reconstruction and DevelopmentThe EBRD has provided a subordinated loan of JOD 21.3 million to Bank Al Etihad ("BAE") to support the bank's growth plans and on-lending to private local SMEs. The subordinated loan will strengthen the capital base of BAE to support planned growth and the financing of SMEs in the local market.European Bank for Reconstruction and DevelopmentBANK AL-ETIHADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGAMMAN31.95522 35.9450326299835.41BANK AL-ETIHADPRIVATEPRIVATEPRIVATEThe EBRD has provided a subordinated loan of JOD 21.3 million to Bank Al Etihad ("BAE") to support the bank's growth plans and on-lending to private local SMEs. The subordinated loan will strengthen the capital base of BAE to support planned growth and the financing of SMEs in the local market. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50814XI-IATI-EBRD-56375European Bank for Reconstruction and DevelopmentTegeta Motors Project - EUR 25MM senior secured loan to Tegeta Motors (the "Loan"). The Loan will finance the construction of a new service centre focused on trucks and heavy machinery in Tbilisi.European Bank for Reconstruction and DevelopmentTEGETA MOTORS LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTBILISI41.69411 44.8336825000000TEGETA MOTORS LLCPRIVATEPRIVATEPRIVATEEUR 25MM senior secured loan to Tegeta Motors (the "Loan"). The Loan will finance the construction of a new service centre focused on trucks and heavy machinery in Tbilisi. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56375XI-IATI-EBRD-53097European Bank for Reconstruction and DevelopmentProvision of a long-term senior loan comprising of up to USD 64.7 million (EUR 60.5 million) for the Bank's account, and USD 3.4 million (EUR 3.2 million) for the account of Green Climate Fund, to finance the development and construction of a 200 MW onshore wind farm in Ras Ghareb located in the Gulf of Suez region. EBRD financing The Project will sell the produced power to the Egyptian Electricity Transmission Company (EETC) under a long term power purchase agreement backed by a sovereign guarantee from the Ministry of Finance The Project will further promote private sector participation in the Egyptian power sector and increase the share of renewable energy in the energy mix in line with the nationally declared targets. The Project is expected to improve the environmental characteristics of Egypt's power sector by reducing emissions of local pollutants and CO2, as well as water consumption. The Project will be among the very first to be delivered under the 10 GW renewable program of the Bank-led Energy Pillar of the Nexus Water-Food-Energy Programme (NWFE) initiative, a major policy engagement developed by the Bank on behalf of the Government of Egypt that was announced at COP27 in Sharm El Sheikh.European Bank for Reconstruction and DevelopmentMASDAR IPH WIND SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGRAS GHARIB28.35831 33.0782933748700.7856649132.45MASDAR IPH WIND SAEPRIVATEPRIVATEPRIVATEProvision of a long-term senior loan comprising of up to USD 64.7 million (EUR 60.5 million) for the Bank's account, and USD 3.4 million (EUR 3.2 million) for the account of Green Climate Fund, to finance the development and construction of a 200 MW onshore wind farm in Ras Ghareb located in the Gulf of Suez region. EBRD financing The Project will sell the produced power to the Egyptian Electricity Transmission Company (EETC) under a long term power purchase agreement backed by a sovereign guarantee from the Ministry of Finance The Project will further promote private sector participation in the Egyptian power sector and increase the share of renewable energy in the energy mix in line with the nationally declared targets. The Project is expected to improve the environmental characteristics of Egypt's power sector by reducing emissions of local pollutants and CO2, as well as water consumption. The Project will be among the very first to be delivered under the 10 GW renewable program of the Bank-led Energy Pillar of the Nexus Water-Food-Energy Programme (NWFE) initiative, a major policy engagement developed by the Bank on behalf of the Government of Egypt that was announced at COP27 in Sharm El Sheikh. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53097XI-IATI-EBRD-49025European Bank for Reconstruction and DevelopmentA senior secured limited recourse loan of up to USD 27.6 million to finance the development and construction of an up to 50 MWac solar photovoltaic plant located in the Risha region, 300 km north east of Amman, Jordan. The project will sustain the momentum of the Jordanian renewable energy sector, demonstrating how private sector capital and expertise can be mobilized to yield competitively low tariffs. The project directly compliments Jordan's strategy of procuring cost-effective, indigenous energy supplies to mitigate its energy crisis and lessen energy security concerns. As part of the government's ambitious program to generate 10% of Jordan's electricity demand from renewables by 2020, the project will play a key role in contributing to this target and to reducing the import dependence and lowering the carbon intensity of the Jordanian power sector. In addition, by providing power at a tariff of USD 5.9 cents (which is below the tariff offered by any other projects in the context of Rounds I and II), the project helps replace costly energy imports which historically have been linked to oil and gas prices thereby bringing benefit to the Jordanian economy as well.European Bank for Reconstruction and DevelopmentRISHA FOR SOLAR POWER PROJECTS PSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGAMMAN31.95522 35.9450319583237.33RISHA FOR SOLAR POWER PROJECTS PSCPRIVATEPRIVATEPRIVATEA senior secured limited recourse loan of up to USD 27.6 million to finance the development and construction of an up to 50 MWac solar photovoltaic plant located in the Risha region, 300 km north east of Amman, Jordan. The project will sustain the momentum of the Jordanian renewable energy sector, demonstrating how private sector capital and expertise can be mobilized to yield competitively low tariffs. The project directly compliments Jordan's strategy of procuring cost-effective, indigenous energy supplies to mitigate its energy crisis and lessen energy security concerns. As part of the government's ambitious program to generate 10% of Jordan's electricity demand from renewables by 2020, the project will play a key role in contributing to this target and to reducing the import dependence and lowering the carbon intensity of the Jordanian power sector. In addition, by providing power at a tariff of USD 5.9 cents (which is below the tariff offered by any other projects in the context of Rounds I and II), the project helps replace costly energy imports which historically have been linked to oil and gas prices thereby bringing benefit to the Jordanian economy as well. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49025XI-IATI-EBRD-55187European Bank for Reconstruction and DevelopmentAn equity investment in the amount of USD 2.5m (USD 1.25m committed tranche and a USD 1.25m uncommitted tranche) in Esper Inc., a technology company producing bionic upper limb prosthesis. The proceeds of the Bank's investments will be used to finance Esper's expansion of production facilities in Ukraine including development of new products and software (the Project). The Project's core objective is to address multiple challenges facing Ukraine by supporting an innovative R&D and manufacturing of upper limb bionic prosthetics with data-driven functionalities in Ukraine.European Bank for Reconstruction and DevelopmentESPER INCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.52381153242.91ESPER INCPRIVATEPRIVATEPRIVATEAn equity investment in the amount of USD 2.5m (USD 1.25m committed tranche and a USD 1.25m uncommitted tranche) in Esper Inc., a technology company producing bionic upper limb prosthesis. The proceeds of the Bank's investments will be used to finance Esper's expansion of production facilities in Ukraine including development of new products and software (the Project). The Project's core objective is to address multiple challenges facing Ukraine by supporting an innovative R&D and manufacturing of upper limb bionic prosthetics with data-driven functionalities in Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55187XI-IATI-EBRD-49503European Bank for Reconstruction and DevelopmentAn investment in Evolving Europe Principal Investments I (the "Fund"), a private equity fund targeting primarily small and medium sized enterprises (SMEs) across Central and South Eastern Europe. The Fund will seek to achieve long-term capital growth by making equity and quasi-equity investments in companies with typical enterprise values of EUR 10 million to EUR 100 million.European Bank for Reconstruction and DevelopmentEVOLVING EUROPE PRINCIPAL INVESTMENTS I SCSPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSOFIA42.69751 23.32415PRAGUE50.08804 14.42076BUDAPEST47.49835 19.04045BUCHAREST44.43225 26.10626BELGRADE44.80401 20.46513449728.2923485000EVOLVING EUROPE PRINCIPAL INVESTMENTS I SCSPPRIVATEPRIVATEPRIVATEAn investment in Evolving Europe Principal Investments I (the "Fund"), a private equity fund targeting primarily small and medium sized enterprises (SMEs) across Central and South Eastern Europe. The Fund will seek to achieve long-term capital growth by making equity and quasi-equity investments in companies with typical enterprise values of EUR 10 million to EUR 100 million. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49503XI-IATI-EBRD-50701European Bank for Reconstruction and DevelopmentA loan of up to EUR 20 million consisting of a committed Tranche 1 of EUR 10 million and an uncommitted Tranche 2 of EUR 10 million to the Dniprovska Agri Group poultry company (the "Group") to finance the reconstruction and expansion of its slaughterhouse (one word) during 2019-2020 and to further increase production capacities during 2020-2021. The Project will support the reconstruction and expansion of the Group's slaughterhouse, allowing it to obtain the required certifications for entering market of the European Union.European Bank for Reconstruction and DevelopmentPOULTRY COMPLEX DNIPROVSKIJ LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGZAPORIZHZHIA47.83333 35.1666720000000POULTRY COMPLEX DNIPROVSKIJ LLCPRIVATEPRIVATEPRIVATEA loan of up to EUR 20 million consisting of a committed Tranche 1 of EUR 10 million and an uncommitted Tranche 2 of EUR 10 million to the Dniprovska Agri Group poultry company (the "Group") to finance the reconstruction and expansion of its slaughterhouse (one word) during 2019-2020 and to further increase production capacities during 2020-2021. The Project will support the reconstruction and expansion of the Group's slaughterhouse, allowing it to obtain the required certifications for entering market of the European Union. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50701XI-IATI-EBRD-55335European Bank for Reconstruction and DevelopmentPortfolio Risk Sharing ("PRS") in the form of an unfunded guarantee of up to EUR 25m provided by the Bank in favour of ACBA Bank. The guarantee will cover up to 50% of the credit risk on a pro rata basis on the newly-generated MSME loan portfolio originated by ACBA Bank. This project is the first pilot implementation of the Portfolio Risk Sharing product by the EBRD in Armenia. The product aims to release a bank's risk-taking capacity to boost on-lending to SMEs, addressing an SME financing gap in the market.European Bank for Reconstruction and DevelopmentACBA BANK OJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYEREVAN40.18111 44.513612485624725000000ACBA BANK OJSCPRIVATEPRIVATEPRIVATEPortfolio Risk Sharing ("PRS") in the form of an unfunded guarantee of up to EUR 25m provided by the Bank in favour of ACBA Bank. The guarantee will cover up to 50% of the credit risk on a pro rata basis on the newly-generated MSME loan portfolio originated by ACBA Bank. This project is the first pilot implementation of the Portfolio Risk Sharing product by the EBRD in Armenia. The product aims to release a bank's risk-taking capacity to boost on-lending to SMEs, addressing an SME financing gap in the market. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55335XI-IATI-EBRD-54427European Bank for Reconstruction and DevelopmentA sovereign loan (the "Loan") to the Republic of Moldova (the "Borrower") for the benefit of Termoelectrica JSC (the "Project Entity" or "Company") to finance demand side measures, such as: (i) Construction of Horizontal Networks in Buildings; (ii) Supply and Installation of Individual Heating Sub-stations; (iii) Rehabilitation of District Heating Primary Network; (iv) Construction of Pumping Stations; v) Implementation of Pilot Projects Focused on Energy Efficiency Measures in Residential Buildings; vi) Design and Construction Supervision; and (vii) PIU Staffing and Special Account Audit (the "Project"). The Project will be a follow-on investment under approved Chisinau Green City Action Plan ("GCAP"), in relation to the strategic objective of Sustainable and efficient energy. The Project will improve district heating ("DH") infrastructure, reduce fuel consumption and promote the system's decarbonisation. It will enhance DH operational and energy efficiency through improved system control, introduce apartment level consumption-based billing to DH consumers and the resumption of affordable domestic hot water supply. It will increase the cost efficiency and competitiveness of the DH system, resulting in enhanced energy security and significant savings of CO2 emissions.European Bank for Reconstruction and DevelopmentMOLDOVA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCHISINAU47.00556 28.85755240000052400000MOLDOVA SOVEREIGNSTATESTATESTATESTATEA sovereign loan (the "Loan") to the Republic of Moldova (the "Borrower") for the benefit of Termoelectrica JSC (the "Project Entity" or "Company") to finance demand side measures, such as: (i) Construction of Horizontal Networks in Buildings; (ii) Supply and Installation of Individual Heating Sub-stations; (iii) Rehabilitation of District Heating Primary Network; (iv) Construction of Pumping Stations; v) Implementation of Pilot Projects Focused on Energy Efficiency Measures in Residential Buildings; vi) Design and Construction Supervision; and (vii) PIU Staffing and Special Account Audit (the "Project"). The Project will be a follow-on investment under approved Chisinau Green City Action Plan ("GCAP"), in relation to the strategic objective of Sustainable and efficient energy. The Project will improve district heating ("DH") infrastructure, reduce fuel consumption and promote the system's decarbonisation. It will enhance DH operational and energy efficiency through improved system control, introduce apartment level consumption-based billing to DH consumers and the resumption of affordable domestic hot water supply. It will increase the cost efficiency and competitiveness of the DH system, resulting in enhanced energy security and significant savings of CO2 emissions. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54427XI-IATI-EBRD-53405European Bank for Reconstruction and DevelopmentLoan of up to EUR 18 million to the Company, under the SWIFT Framework to co-finance a EUR 325 million EU Large Infrastructure Operational Programme (" LIOP") (the "Project"). The tenor of the loan is 15 years, including four year grace period for Project implementation. The project will enable Compania de Apa Targoviste-Dambovita ("CATD") to 1) increase compliance with Directive no.98/83/EC on drinking water quality while increasing the service coverage in communities with more than 50 inhabitants; 2) increase compliance with Directive no.91/271/EEC on wastewater collection and treatment by providing wastewater collection and compliant treatment of wastewater in agglomerations with over 2,000 p.e..European Bank for Reconstruction and DevelopmentWATER COMPANY OF TARGOVISTE-DAMBOVITAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTARGOVISTE44.92543 25.45671600000018000000WATER COMPANY OF TARGOVISTE-DAMBOVITA2000000WATER COMPANY OF TARGOVISTE-DAMBOVITASTATESTATESTATESTATELoan of up to EUR 18 million to the Company, under the SWIFT Framework to co-finance a EUR 325 million EU Large Infrastructure Operational Programme (" LIOP") (the "Project"). The tenor of the loan is 15 years, including four year grace period for Project implementation. The project will enable Compania de Apa Targoviste-Dambovita ("CATD") to 1) increase compliance with Directive no.98/83/EC on drinking water quality while increasing the service coverage in communities with more than 50 inhabitants; 2) increase compliance with Directive no.91/271/EEC on wastewater collection and treatment by providing wastewater collection and compliant treatment of wastewater in agglomerations with over 2,000 p.e.. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53405XI-IATI-EBRD-49541European Bank for Reconstruction and DevelopmentBanque de Tunisie - SME loan II - The provision of a loan of EUR 50 million to Banque de Tunisie ("BT"). The loan will be used to on-lend to micro, small and medium-sized enterprises ("MSMEs") in Tunisia.European Bank for Reconstruction and DevelopmentBANQUE DE TUNISIEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTUNIS36.81897 10.1657950000000BANQUE DE TUNISIEPRIVATEPRIVATEPRIVATEThe provision of a loan of EUR 50 million to Banque de Tunisie ("BT"). The loan will be used to on-lend to micro, small and medium-sized enterprises ("MSMEs") in Tunisia. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49541XI-IATI-EBRD-52076European Bank for Reconstruction and DevelopmentUp to RON 77.5 million (ca EUR 15.7m equivalent) senior unsecured 5-year loan, including 2.5 years grace period. The loan will support the financing of Profi's capex and permitted acquisitions programme in 2021 - 2025, consisting of new stores opening, refurbishments and warehouse investments. Null ValueEuropean Bank for Reconstruction and DevelopmentPROFI ROM FOOD SRLEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTIMISOARA45.75372 21.2257110081333.96PROFI ROM FOOD SRLPRIVATEPRIVATEPRIVATEUp to RON 77.5 million (ca EUR 15.7m equivalent) senior unsecured 5-year loan, including 2.5 years grace period. The loan will support the financing of Profi's capex and permitted acquisitions programme in 2021 - 2025, consisting of new stores opening, refurbishments and warehouse investments. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52076XI-IATI-EBRD-52555European Bank for Reconstruction and DevelopmentAn equity commitment of up to EUR 24 million in favour of Livonia Partners Fund II (the "Fund"). The Fund seeks to make equity and quasi-equity investments in small and medium-sized enterprises ("SMEs") and mid-cap companies predominantly in Estonia, Latvia and Lithuania.European Bank for Reconstruction and DevelopmentLIVONIA PARTNERS FUND II AIF LPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTALLINN59.43696 24.75353VILNIUS54.68916 25.2798RIGA56.946 24.105898324951.7524000000LIVONIA PARTNERS FUND II AIF LPPRIVATEPRIVATEPRIVATEAn equity commitment of up to EUR 24 million in favour of Livonia Partners Fund II (the "Fund"). The Fund seeks to make equity and quasi-equity investments in small and medium-sized enterprises ("SMEs") and mid-cap companies predominantly in Estonia, Latvia and Lithuania. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52555XI-IATI-EBRD-50412European Bank for Reconstruction and DevelopmentIn January 2019, EBRD invested PLN 166 million (EUR 38.7 million equivalent) in a subordinated bond issued by Bank Millennium S.A. as part of a total aggregate issuance of PLN 830 million (EUR 193.5 million equivalent). This is the second subordinated bond issued by Bank Millennium S.A. on the Polish market. The Tier 2 capital eligible bonds have a 10-year maturity, are callable after five years and will be listed on the Warsaw Stock Exchange. In September 2023, EBRD invested EUR 33 million in senior non preferred bonds placed by Bank Millennium S.A. as part of a EUR 400 million Bond issuance, with the listing on the Luxemburg Stock Exchange. The total issuance size has been increased to EUR 500 million via additional (tap) placement. The bonds have a 4-year maturity with a call option in 3-years' time. In September 2024, EBRD invested EUR 20 million in inaugural green senior non preferred bonds placed by Bank Millennium S.A. as part of a EUR 500 million Bond issuance listed on the Luxemburg Stock Exchange. The bonds have a 5-year maturity with a call option in 4-years' time. The project supports the resilience and regulatory compliance of Bank Millennium, building resilience to market shocks by contributing to the gradual build-up of its loss absorption capacity in the form of eligible bail-in-able instruments. The project also supports capital market development and delivers on the Bank's green agenda and national green economy priorities for Poland.European Bank for Reconstruction and DevelopmentBANK MILLENNIUM SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.0117891623477.86BANK MILLENNIUM SAPRIVATEPRIVATEPRIVATEIn January 2019, EBRD invested PLN 166 million (EUR 38.7 million equivalent) in a subordinated bond issued by Bank Millennium S.A. as part of a total aggregate issuance of PLN 830 million (EUR 193.5 million equivalent). This is the second subordinated bond issued by Bank Millennium S.A. on the Polish market. The Tier 2 capital eligible bonds have a 10-year maturity, are callable after five years and will be listed on the Warsaw Stock Exchange. In September 2023, EBRD invested EUR 33 million in senior non preferred bonds placed by Bank Millennium S.A. as part of a EUR 400 million Bond issuance, with the listing on the Luxemburg Stock Exchange. The total issuance size has been increased to EUR 500 million via additional (tap) placement. The bonds have a 4-year maturity with a call option in 3-years' time. In September 2024, EBRD invested EUR 20 million in inaugural green senior non preferred bonds placed by Bank Millennium S.A. as part of a EUR 500 million Bond issuance listed on the Luxemburg Stock Exchange. The bonds have a 5-year maturity with a call option in 4-years' time. The project supports the resilience and regulatory compliance of Bank Millennium, building resilience to market shocks by contributing to the gradual build-up of its loss absorption capacity in the form of eligible bail-in-able instruments. The project also supports capital market development and delivers on the Bank's green agenda and national green economy priorities for Poland. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50412XI-IATI-EBRD-55553European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 3.5 million under Western Balkans GEFF III to KRK for on-lending to the residential sector for green economy investments. The loan is intended for providing sub-loans to help finance investments in high-performance energy efficiency and renewable energy technologies, materials and solutions undertaken in or in relation to privately owned residential dwellings or buildings, construction of GET-eligible High-energy Performance Residential Buildings (HPRBs) and eligible energy efficiency and/or renewable energy projects in the public sector. 100% of the use of proceeds will be related to investments eligible under the EBRD's Green Economy Transition ("GET") approach.European Bank for Reconstruction and DevelopmentKREDITIMI RURAL I KOSOVES LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRISTINA42.67272 21.166883500000KREDITIMI RURAL I KOSOVES LLCPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 3.5 million under Western Balkans GEFF III to KRK for on-lending to the residential sector for green economy investments. The loan is intended for providing sub-loans to help finance investments in high-performance energy efficiency and renewable energy technologies, materials and solutions undertaken in or in relation to privately owned residential dwellings or buildings, construction of GET-eligible High-energy Performance Residential Buildings (HPRBs) and eligible energy efficiency and/or renewable energy projects in the public sector. 100% of the use of proceeds will be related to investments eligible under the EBRD's Green Economy Transition ("GET") approach. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55553XI-IATI-EBRD-55953European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to EUR 2 million to NLBSA for on-lending to the residential sector in Bosnia and Herzegovina ("BiH"). The loan is envisaged under the Western Balkans Green Economy Financing Facility III - REpower ("WB GEFF III"). This will enable the bank to promote green economy investments in the country. The proceeds of the loan will be used to provide financing to NLBSA for gender-responsive on-lending to eligible sub-borrowers in the residential sector for investments supporting Green Economy Transition ("GET") - eligible residential renewable energies and energy efficient technologies.European Bank for Reconstruction and DevelopmentNLB BANKA DDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.356441000000NLB BANKA DDPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to EUR 2 million to NLBSA for on-lending to the residential sector in Bosnia and Herzegovina ("BiH"). The loan is envisaged under the Western Balkans Green Economy Financing Facility III - REpower ("WB GEFF III"). This will enable the bank to promote green economy investments in the country. The proceeds of the loan will be used to provide financing to NLBSA for gender-responsive on-lending to eligible sub-borrowers in the residential sector for investments supporting Green Economy Transition ("GET") - eligible residential renewable energies and energy efficient technologies. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55953XI-IATI-EBRD-54160European Bank for Reconstruction and DevelopmentA loan of up to EUR 125m or its equivalent in RON in favour of Delgaz Grid SA ("Delgaz", or the "Borrower"), a corporation registered in Romania. Delgaz, a distribution network operator ("DSO") of electricity and gas in the Northern half of Romania, is majority owned by E.ON SE, the German based multinational energy utilities group, with a minority stake owned by Allianz Infrastructure Luxembourg I S.A R.L, and Allianz-Tiriac Asigurari S.A, and Romanian Ministry of Energy. The loan will finance part of the Borrower's capital expenditures programme for its electricity distribution network for the period 2023-2025, aiming at modernisation and upgrades to the electricity grid.European Bank for Reconstruction and DevelopmentDELGAZ GRID SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTARGU MURES46.54245 24.5574776349792.76DELGAZ GRID SAPRIVATEPRIVATEPRIVATEA loan of up to EUR 125m or its equivalent in RON in favour of Delgaz Grid SA ("Delgaz", or the "Borrower"), a corporation registered in Romania. Delgaz, a distribution network operator ("DSO") of electricity and gas in the Northern half of Romania, is majority owned by E.ON SE, the German based multinational energy utilities group, with a minority stake owned by Allianz Infrastructure Luxembourg I S.A R.L, and Allianz-Tiriac Asigurari S.A, and Romanian Ministry of Energy. The loan will finance part of the Borrower's capital expenditures programme for its electricity distribution network for the period 2023-2025, aiming at modernisation and upgrades to the electricity grid. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54160XI-IATI-EBRD-55602European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 25 million equivalent, available in EUR and/or USD, to GarantiBBVA Leasing under the Green Economy Financing Facility Türkiye ("GEFF Türkiye") Framework. The proposed facility builds on GL's experience and successful utilisation of the two previous TurSEFF lines signed in 2017, 2021 and a GEFF line signed in 2023. Green and sustainable investments are one of the main focus areas of GL. The proposed facility will help GL to continue to expand its on-lending to private sector companies, both women and men-led, implementing green economy investments including, among others, energy efficiency, renewable energy and climate resilience measures, in a gender responsive way.European Bank for Reconstruction and DevelopmentGARANTI FINANSAL KIRALAMA ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496625000000GARANTI FINANSAL KIRALAMA ASPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 25 million equivalent, available in EUR and/or USD, to GarantiBBVA Leasing under the Green Economy Financing Facility Türkiye ("GEFF Türkiye") Framework. The proposed facility builds on GL's experience and successful utilisation of the two previous TurSEFF lines signed in 2017, 2021 and a GEFF line signed in 2023. Green and sustainable investments are one of the main focus areas of GL. The proposed facility will help GL to continue to expand its on-lending to private sector companies, both women and men-led, implementing green economy investments including, among others, energy efficiency, renewable energy and climate resilience measures, in a gender responsive way. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55602XI-IATI-EBRD-55489European Bank for Reconstruction and DevelopmentA sovereign loan of up to EUR 100 million to the Republic of Türkiye represented by the Ministry of Treasury and Finance, for the benefit of Hatay Water and Sewage Administration ("HATSU") in Türkiye. The loan will finance the construction of the Arsuz sewage network up to 290 km and pumping stations, the Ucgulluk Wastewater Treatment Plant ("WWTP") with a capacity of 21,000 m3/d, the deep sea discharge, and procurement of construction supervision services in the Arsuz district of Hatay, Türkiye ("Project"). The Project aims to support the construction of essential wastewater infrastructure in Hatay, a region severely impacted by the two catastrophic earthquakes with magnitude of 7.7 and 7.6 on February 6, 2023, which caused a widespread devastation across 11 provinces in southeastern Türkiye, severely disrupting the livelihoods of countless people. The Bank's investment is intended to improve essential services in the region and support the longterm resilience and sustainability of the city's infrastructure.European Bank for Reconstruction and DevelopmentTÜRKIYE SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANKARA39.91987 32.8542770000000100000000TÜRKIYE SOVEREIGN30000000TÜRKIYE SOVEREIGNSTATESTATESTATESTATEA sovereign loan of up to EUR 100 million to the Republic of Türkiye represented by the Ministry of Treasury and Finance, for the benefit of Hatay Water and Sewage Administration ("HATSU") in Türkiye. The loan will finance the construction of the Arsuz sewage network up to 290 km and pumping stations, the Ucgulluk Wastewater Treatment Plant ("WWTP") with a capacity of 21,000 m3/d, the deep sea discharge, and procurement of construction supervision services in the Arsuz district of Hatay, Türkiye ("Project"). The Project aims to support the construction of essential wastewater infrastructure in Hatay, a region severely impacted by the two catastrophic earthquakes with magnitude of 7.7 and 7.6 on February 6, 2023, which caused a widespread devastation across 11 provinces in southeastern Türkiye, severely disrupting the livelihoods of countless people. The Bank's investment is intended to improve essential services in the region and support the longterm resilience and sustainability of the city's infrastructure. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55489XI-IATI-EBRD-55354European Bank for Reconstruction and DevelopmentThe provision of a senior unsecured loan of up to USD 10 million (EUR 8.6 million) to Akbank T.A.S. ("Akbank" or "AB") under the Digital Transformation Financing Facility ("DTFF"), a blended programme established under the Financial Intermediaries Framework ("FIF") to finance digital transformation investments of the SMEs in Türkiye. DTFF is the first EBRD Programme supporting digital transformation of Türkiye's economy. Implemented in close collaboration with the Small and Medium Enterprises Development Organization of Türkiye ("KOSGEB"), which provides and administers interest rate rebates for SMEs, and the Turkish Credit Guarantee Fund ("KGF"), which offers First Loss Risk Cover ("FLRC") to partner financial institutions. DTFF loan will enable AB to contribute to digitalisation of its SME clients, including women's access to digital technologies. The Facility will be used to finance investments of Turkish SMEs to implement Digital Transformation Roadmaps ("DTR") in compliance with the eligibility criteria set out in DTFF policy statement with the ultimate goal to improve SMEs' productivity and efficiency through implementation of innovative practices and new advanced technologies.European Bank for Reconstruction and DevelopmentAKBANK TASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.949664377133.85AKBANK TASPRIVATEPRIVATEPRIVATEThe provision of a senior unsecured loan of up to USD 10 million (EUR 8.6 million) to Akbank T.A.S. ("Akbank" or "AB") under the Digital Transformation Financing Facility ("DTFF"), a blended programme established under the Financial Intermediaries Framework ("FIF") to finance digital transformation investments of the SMEs in Türkiye. DTFF is the first EBRD Programme supporting digital transformation of Türkiye's economy. Implemented in close collaboration with the Small and Medium Enterprises Development Organization of Türkiye ("KOSGEB"), which provides and administers interest rate rebates for SMEs, and the Turkish Credit Guarantee Fund ("KGF"), which offers First Loss Risk Cover ("FLRC") to partner financial institutions. DTFF loan will enable AB to contribute to digitalisation of its SME clients, including women's access to digital technologies. The Facility will be used to finance investments of Turkish SMEs to implement Digital Transformation Roadmaps ("DTR") in compliance with the eligibility criteria set out in DTFF policy statement with the ultimate goal to improve SMEs' productivity and efficiency through implementation of innovative practices and new advanced technologies. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55354XI-IATI-EBRD-51474European Bank for Reconstruction and DevelopmentA senior loan of EUR 57.1 million loan to EGO Genel Mudurlugu, the Ankara Transport Company. The proceeds will be used for the procurement of up to 254 Compressed Natural Gas, or CNG, buses and installation of a CNG filling station. In addition, the company's own funds will be used to procure up to 28 diesel, EURO 6 compliant buses as part of the project. New buses will help to tackle the growing demand for public transport. It will extend the capacity and reduce operation and maintenance costs by replacing the existing diesel buses that are over 15 years old and EURO 2 in terms of emission standards. The CNG buses generate significantly fewer emissions (both GHG and other pollutants) than buses with traditional diesel engines. The new diesel buses are subject to EURO 6 emissions standards in line with EU regulations and have the highest potential to eliminate the majority of exhaust pollutants that have an impact on air quality. The project also increases the capacity of public transport services and will benefit 5.7 million people.European Bank for Reconstruction and DevelopmentANKARA TRANSPORT COMPANYEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANKARA39.91987 32.8542728504.3757100000ANKARA TRANSPORT COMPANY5478393.56ANKARA TRANSPORT COMPANY11406946ANKARA TRANSPORT COMPANY16885339.56ANKARA TRANSPORT COMPANY16154762.12ANKARA TRANSPORT COMPANY18651696.75ANKARA TRANSPORT COMPANY5379697.2ANKARA TRANSPORT COMPANYSTATESTATESTATESTATEA senior loan of EUR 57.1 million loan to EGO Genel Mudurlugu, the Ankara Transport Company. The proceeds will be used for the procurement of up to 254 Compressed Natural Gas, or CNG, buses and installation of a CNG filling station. In addition, the company's own funds will be used to procure up to 28 diesel, EURO 6 compliant buses as part of the project. New buses will help to tackle the growing demand for public transport. It will extend the capacity and reduce operation and maintenance costs by replacing the existing diesel buses that are over 15 years old and EURO 2 in terms of emission standards. The CNG buses generate significantly fewer emissions (both GHG and other pollutants) than buses with traditional diesel engines. The new diesel buses are subject to EURO 6 emissions standards in line with EU regulations and have the highest potential to eliminate the majority of exhaust pollutants that have an impact on air quality. The project also increases the capacity of public transport services and will benefit 5.7 million people. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51474XI-IATI-EBRD-47006European Bank for Reconstruction and DevelopmentIn 2015, EBRD provided a sovereign guaranteed loan of EUR 200 million to the Societe Nador West Med (NWM) for infrastructure development at the new Nador West Med Port in Morocco (the "Project"). The loan will be used for the construction of the port infrastructure (breakwaters, quays, dredging, etc) which will be used by private concessionaires for commercial handling activities. EBRD is now considering an additional financing of EUR 100 million to NWM to close a financing gap identified following the increase in the volume of works resulting from technical adjustments and geotechnical unforeseen aspects. The Government of Morocco (GoM) is developing a major new port and industrial complex around 30km from the town of Nador, on Morocco's Mediterranean coast. The Project is part of a wider development plan for the Nador region and will directly contribute to the reduction of regional disparities and support the economic development of the Orientale Region, as well as improving regional access to infrastructure. This development which will be undertaken by NWM will involve a mixed cargo port including terminals for containers, hydrocarbons, bulk (including coal) and Ro-Ro as well as a service quay and an industrial investment zone designed to attract international investors, comprising a 1,500 ha Free Zone and an additional 2,500 ha area outside the Free Zone.European Bank for Reconstruction and DevelopmentSOCIETE NADOR WEST MEDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGNADOR35.16813 -2.93352159294.57300000000SOCIETE NADOR WEST MED2000000SOCIETE NADOR WEST MED9993087.75SOCIETE NADOR WEST MED2295729.27SOCIETE NADOR WEST MED1638039.2SOCIETE NADOR WEST MED1121153.04SOCIETE NADOR WEST MED4185814.07SOCIETE NADOR WEST MED3827226.88SOCIETE NADOR WEST MED6017272.4SOCIETE NADOR WEST MED1621962.39SOCIETE NADOR WEST MED709917.18SOCIETE NADOR WEST MED451994.99SOCIETE NADOR WEST MED490128.64SOCIETE NADOR WEST MED702296.92SOCIETE NADOR WEST MED5035517.21SOCIETE NADOR WEST MED1391060.61SOCIETE NADOR WEST MED1647037.14SOCIETE NADOR WEST MED1907534.88SOCIETE NADOR WEST MED2596680.28SOCIETE NADOR WEST MED1023629.79SOCIETE NADOR WEST MED3327613.82SOCIETE NADOR WEST MED1058204.28SOCIETE NADOR WEST MED718455.03SOCIETE NADOR WEST MED410031.09SOCIETE NADOR WEST MED127475.83SOCIETE NADOR WEST MED473042.88SOCIETE NADOR WEST MED562313.56SOCIETE NADOR WEST MED409230.69SOCIETE NADOR WEST MED336508.77SOCIETE NADOR WEST MED1810438.48SOCIETE NADOR WEST MED1545001.24SOCIETE NADOR WEST MED990709.9SOCIETE NADOR WEST MED1237655.19SOCIETE NADOR WEST MED1215517.87SOCIETE NADOR WEST MED801114.15SOCIETE NADOR WEST MED1858890.63SOCIETE NADOR WEST MED3146669.38SOCIETE NADOR WEST MED1196595.79SOCIETE NADOR WEST MED1308432.77SOCIETE NADOR WEST MED1485029.42SOCIETE NADOR WEST MED7850681.87SOCIETE NADOR WEST MED554446.63SOCIETE NADOR WEST MED1643865.98SOCIETE NADOR WEST MED939122.81SOCIETE NADOR WEST MED4226357.7SOCIETE NADOR WEST MED1885099.3SOCIETE NADOR WEST MED2403004.61SOCIETE NADOR WEST MED4078388.91SOCIETE NADOR WEST MED7836234.46SOCIETE NADOR WEST MED1967268.16SOCIETE NADOR WEST MED4039090.28SOCIETE NADOR WEST MED2827813.51SOCIETE NADOR WEST MED3642377.07SOCIETE NADOR WEST MED1816375.19SOCIETE NADOR WEST MED3375119.62SOCIETE NADOR WEST MED5107359.8SOCIETE NADOR WEST MED4640589.73SOCIETE NADOR WEST MED6127336.77SOCIETE NADOR WEST MED3251835SOCIETE NADOR WEST MED3948216.27SOCIETE NADOR WEST MED2930993.34SOCIETE NADOR WEST MED2393437.85SOCIETE NADOR WEST MED4597769.48SOCIETE NADOR WEST MED2227241.59SOCIETE NADOR WEST MED2569650.86SOCIETE NADOR WEST MED4292470.3SOCIETE NADOR WEST MED2933246.46SOCIETE NADOR WEST MED3170907.3SOCIETE NADOR WEST MED3729354.91SOCIETE NADOR WEST MED6329281.25SOCIETE NADOR WEST MED1477381.73SOCIETE NADOR WEST MED1634617.74SOCIETE NADOR WEST MED593618.64SOCIETE NADOR WEST MED5791561.09SOCIETE NADOR WEST MED5033237.15SOCIETE NADOR WEST MED3744832.35SOCIETE NADOR WEST MED1677608.73SOCIETE NADOR WEST MED37192.15SOCIETE NADOR WEST MED1000000SOCIETE NADOR WEST MED6402610.46SOCIETE NADOR WEST MED4373202.74SOCIETE NADOR WEST MED12076188.94SOCIETE NADOR WEST MED4567866.09SOCIETE NADOR WEST MED9342808.07SOCIETE NADOR WEST MED503084.47SOCIETE NADOR WEST MED21327988.08SOCIETE NADOR WEST MED11063968.19SOCIETE NADOR WEST MED8482519SOCIETE NADOR WEST MED6558381.48SOCIETE NADOR WEST MED14142087.91SOCIETE NADOR WEST MEDSTATESTATESTATESTATEIn 2015, EBRD provided a sovereign guaranteed loan of EUR 200 million to the Societe Nador West Med (NWM) for infrastructure development at the new Nador West Med Port in Morocco (the "Project"). The loan will be used for the construction of the port infrastructure (breakwaters, quays, dredging, etc) which will be used by private concessionaires for commercial handling activities. EBRD is now considering an additional financing of EUR 100 million to NWM to close a financing gap identified following the increase in the volume of works resulting from technical adjustments and geotechnical unforeseen aspects. The Government of Morocco (GoM) is developing a major new port and industrial complex around 30km from the town of Nador, on Morocco's Mediterranean coast. The Project is part of a wider development plan for the Nador region and will directly contribute to the reduction of regional disparities and support the economic development of the Orientale Region, as well as improving regional access to infrastructure. This development which will be undertaken by NWM will involve a mixed cargo port including terminals for containers, hydrocarbons, bulk (including coal) and Ro-Ro as well as a service quay and an industrial investment zone designed to attract international investors, comprising a 1,500 ha Free Zone and an additional 2,500 ha area outside the Free Zone. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47006XI-IATI-EBRD-55646European Bank for Reconstruction and DevelopmentA sovereign loan of up to EUR 95m to the Republic of Türkiye represented by the Ministry of Treasury and Finance, which will be on-granted to Adiyaman Municipality in Türkiye ("Municipality). The loan will finance the construction of up to 350 km of a sewer network and up to 50 km of a storm water network, including construction supervision services, in the city of Adiyaman, subject to the outcome of technical due diligence ("Project"). The Project aims to support the reconstruction and rehabilitation of essential wastewater network infrastructure in Adiyaman, a region severely impacted by the two catastrophic earthquakes with magnitude of 7.7 and 7.6 on February 6, 2023, which caused a widespread devastation across 11 provinces in southeastern Türkiye, severely disrupting the livelihoods of countless people. The Bank's investment is intended to improve essential services in the region and support the long-term resilience and sustainability of the city's infrastructure.European Bank for Reconstruction and DevelopmentTÜRKIYE SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANKARA39.91987 32.854277000000095000000TÜRKIYE SOVEREIGN25000000TÜRKIYE SOVEREIGNSTATESTATESTATESTATEA sovereign loan of up to EUR 95m to the Republic of Türkiye represented by the Ministry of Treasury and Finance, which will be on-granted to Adiyaman Municipality in Türkiye ("Municipality). The loan will finance the construction of up to 350 km of a sewer network and up to 50 km of a storm water network, including construction supervision services, in the city of Adiyaman, subject to the outcome of technical due diligence ("Project"). The Project aims to support the reconstruction and rehabilitation of essential wastewater network infrastructure in Adiyaman, a region severely impacted by the two catastrophic earthquakes with magnitude of 7.7 and 7.6 on February 6, 2023, which caused a widespread devastation across 11 provinces in southeastern Türkiye, severely disrupting the livelihoods of countless people. The Bank's investment is intended to improve essential services in the region and support the long-term resilience and sustainability of the city's infrastructure. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55646XI-IATI-EBRD-46540European Bank for Reconstruction and DevelopmentThe EBRD is assisting the city of Gyumri in Armenia in rehabilitation of major streets and modernisation of public lighting. An EBRD sovereign loan of up to EUR 10.6 million will be extended to the Government of Armenia, to be on-lent to the City. The project is expected to be co-financed with a grant from an international donor or SSF in the amount of up to EUR 5.3 million. The operation will enable the City to rehabilitate major streets and modernise public lighting in Gyumri. Street rehabilitation works will include renewal of asphalt and pavements, including upgrade of water drainage infrastructure. The public and street lighting refurbishment will entail replacing existing high pressure mercury-based lamps with modern energy-efficient technology using LED lamps.European Bank for Reconstruction and DevelopmentARMENIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGGYUMRI40.7942 43.845288171721.4917320000ARMENIA SOVEREIGN146000ARMENIA SOVEREIGN85050.94ARMENIA SOVEREIGN556181.72ARMENIA SOVEREIGN300807.18ARMENIA SOVEREIGN116696.37ARMENIA SOVEREIGN79122.93ARMENIA SOVEREIGN87637.45ARMENIA SOVEREIGN109896.41ARMENIA SOVEREIGN91047.57ARMENIA SOVEREIGN77507.37ARMENIA SOVEREIGN841824.12ARMENIA SOVEREIGN177170.82ARMENIA SOVEREIGN879487.61ARMENIA SOVEREIGN15456.82ARMENIA SOVEREIGN200382.21ARMENIA SOVEREIGN721586.67ARMENIA SOVEREIGN67470.79ARMENIA SOVEREIGN57672.37ARMENIA SOVEREIGN44110.58ARMENIA SOVEREIGN110740.83ARMENIA SOVEREIGN354507.07ARMENIA SOVEREIGN59849.22ARMENIA SOVEREIGN103838.4ARMENIA SOVEREIGN49328.61ARMENIA SOVEREIGN413224ARMENIA SOVEREIGN55104.17ARMENIA SOVEREIGN175266.73ARMENIA SOVEREIGN112462.53ARMENIA SOVEREIGN186838.47ARMENIA SOVEREIGN400530.83ARMENIA SOVEREIGN907850.48ARMENIA SOVEREIGN44110.59ARMENIA SOVEREIGN105612ARMENIA SOVEREIGN42800ARMENIA SOVEREIGN64200ARMENIA SOVEREIGN80041.36ARMENIA SOVEREIGN13000ARMENIA SOVEREIGN951913.83ARMENIA SOVEREIGN174294.61ARMENIA SOVEREIGN87654.85ARMENIA SOVEREIGNSTATESTATESTATESTATEThe EBRD is assisting the city of Gyumri in Armenia in rehabilitation of major streets and modernisation of public lighting. An EBRD sovereign loan of up to EUR 10.6 million will be extended to the Government of Armenia, to be on-lent to the City. The project is expected to be co-financed with a grant from an international donor or SSF in the amount of up to EUR 5.3 million. The operation will enable the City to rehabilitate major streets and modernise public lighting in Gyumri. Street rehabilitation works will include renewal of asphalt and pavements, including upgrade of water drainage infrastructure. The public and street lighting refurbishment will entail replacing existing high pressure mercury-based lamps with modern energy-efficient technology using LED lamps. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/46540XI-IATI-EBRD-49649European Bank for Reconstruction and DevelopmentThe Project aims to make improvements to Enguri HPP to alleviate critical power shortage in Georgia at a low cost and to enhance the environmental benefits of the Enguri Hydro Power Plant facility. The Project generally aims at - increasing the availability of non-polluting renewable energy in the country; and - improving operational safety of the Enguri power facility. The loan extension proposed for consideration in the fourth quarter of 2017 and the loan increase proposed for consideration in the fourth quarter of 2019, will be targeting further improvements to the reliability and operational performance of the Enguri power plant through a rehabilitation programme for the Enguri headrace tunnel and penstock. The Project will also finance rehabilitation of Enguri switchyard, Vardnili II spillway gates, Enguri river diversion weir and access road, together with implementation of sedimentation management plan and improved operational procedures to promote resilience to climatic variability and climate change.European Bank for Reconstruction and DevelopmentGEORGIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTBILISI41.69411 44.8336838000000GEORGIA SOVEREIGN280000GEORGIA SOVEREIGN314715GEORGIA SOVEREIGN165856.55GEORGIA SOVEREIGN126592.3GEORGIA SOVEREIGN78848.25GEORGIA SOVEREIGN39077.5GEORGIA SOVEREIGN710500.6GEORGIA SOVEREIGN33410.4GEORGIA SOVEREIGN39988GEORGIA SOVEREIGN3858617.8GEORGIA SOVEREIGN31500GEORGIA SOVEREIGN453333.33GEORGIA SOVEREIGN87223.34GEORGIA SOVEREIGN199085.69GEORGIA SOVEREIGN4649579.18GEORGIA SOVEREIGN161281.43GEORGIA SOVEREIGN727784.81GEORGIA SOVEREIGN49500GEORGIA SOVEREIGN95455GEORGIA SOVEREIGN457829.01GEORGIA SOVEREIGN381493.22GEORGIA SOVEREIGN151230.11GEORGIA SOVEREIGN1167247.13GEORGIA SOVEREIGN149560GEORGIA SOVEREIGN17655.23GEORGIA SOVEREIGN100000GEORGIA SOVEREIGN122192.72GEORGIA SOVEREIGN423000GEORGIA SOVEREIGN1422605.91GEORGIA SOVEREIGN22443GEORGIA SOVEREIGN564380.38GEORGIA SOVEREIGN754624.95GEORGIA SOVEREIGN165156.76GEORGIA SOVEREIGN899431.26GEORGIA SOVEREIGN1151595.43GEORGIA SOVEREIGN995990.43GEORGIA SOVEREIGN1475518.75GEORGIA SOVEREIGN45500GEORGIA SOVEREIGN311208.97GEORGIA SOVEREIGN2583351.29GEORGIA SOVEREIGN722483.64GEORGIA SOVEREIGN370755.19GEORGIA SOVEREIGN564811.8GEORGIA SOVEREIGN174510.03GEORGIA SOVEREIGN40500GEORGIA SOVEREIGN1127897.25GEORGIA SOVEREIGN794011.3GEORGIA SOVEREIGN481425.75GEORGIA SOVEREIGN203044.59GEORGIA SOVEREIGN706814.27GEORGIA SOVEREIGN560297.32GEORGIA SOVEREIGN202870.31GEORGIA SOVEREIGN224101.07GEORGIA SOVEREIGN1091532.39GEORGIA SOVEREIGN206200.49GEORGIA SOVEREIGN188133.02GEORGIA SOVEREIGN250716.58GEORGIA SOVEREIGN175928.83GEORGIA SOVEREIGN90080.41GEORGIA SOVEREIGN352360.05GEORGIA SOVEREIGN30645GEORGIA SOVEREIGN31500GEORGIA SOVEREIGN137210.16GEORGIA SOVEREIGN46503.21GEORGIA SOVEREIGN238977.72GEORGIA SOVEREIGN52602.86GEORGIA SOVEREIGN120195.53GEORGIA SOVEREIGN31500GEORGIA SOVEREIGN425379.76GEORGIA SOVEREIGN40500GEORGIA SOVEREIGN90830.04GEORGIA SOVEREIGN22660.87GEORGIA SOVEREIGN40500GEORGIA SOVEREIGN107746.46GEORGIA SOVEREIGN25920GEORGIA SOVEREIGN224040.28GEORGIA SOVEREIGN497278.38GEORGIA SOVEREIGN40500GEORGIA SOVEREIGN119317.45GEORGIA SOVEREIGN40500GEORGIA SOVEREIGN470745.3GEORGIA SOVEREIGN293363.54GEORGIA SOVEREIGN31500GEORGIA SOVEREIGN240005.45GEORGIA SOVEREIGN22482GEORGIA SOVEREIGN584757.97GEORGIA SOVEREIGNSTATESTATESTATESTATEThe Project aims to make improvements to Enguri HPP to alleviate critical power shortage in Georgia at a low cost and to enhance the environmental benefits of the Enguri Hydro Power Plant facility. The Project generally aims at - increasing the availability of non-polluting renewable energy in the country; and - improving operational safety of the Enguri power facility. The loan extension proposed for consideration in the fourth quarter of 2017 and the loan increase proposed for consideration in the fourth quarter of 2019, will be targeting further improvements to the reliability and operational performance of the Enguri power plant through a rehabilitation programme for the Enguri headrace tunnel and penstock. The Project will also finance rehabilitation of Enguri switchyard, Vardnili II spillway gates, Enguri river diversion weir and access road, together with implementation of sedimentation management plan and improved operational procedures to promote resilience to climatic variability and climate change. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49649XI-IATI-EBRD-53930European Bank for Reconstruction and DevelopmentFollow-on investment in Shapr3D as part of a convertible loan investment round to support product development, sales, and marketing. Shapr3D is a provider of CAD (Computer aided design) software in Hungary. Null ValueEuropean Bank for Reconstruction and DevelopmentSHAPR3D LTDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUDAPEST47.49835 19.040452626280.31SHAPR3D LTD8855934.09SHAPR3D LTDPRIVATEPRIVATEPRIVATEFollow-on investment in Shapr3D as part of a convertible loan investment round to support product development, sales, and marketing. Shapr3D is a provider of CAD (Computer aided design) software in Hungary. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53930XI-IATI-EBRD-53870European Bank for Reconstruction and DevelopmentThe Resilience and Livelihoods Guarantee (RLG) in the form of an unfunded risk-sharing instrument covering up to 50 per cent of the credit risk in newly originated sub-loans with the total value of €50 million equivalent to be originated by Credit Agricole Ukraine (CAU) subject to total 50 per cent of portfolio cap. The facility will be used to support lending to Ukrainian private companies operating in the primary and secondary agriculture and other critical industries (such as pharma, food processing, retail, logistics), with the ultimate goal of preserving livelihoods in the country.European Bank for Reconstruction and DevelopmentCREDIT AGRICOLE BANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.523812500000CREDIT AGRICOLE BANK JSCPRIVATEPRIVATEPRIVATEThe Resilience and Livelihoods Guarantee (RLG) in the form of an unfunded risk-sharing instrument covering up to 50 per cent of the credit risk in newly originated sub-loans with the total value of €50 million equivalent to be originated by Credit Agricole Ukraine (CAU) subject to total 50 per cent of portfolio cap. The facility will be used to support lending to Ukrainian private companies operating in the primary and secondary agriculture and other critical industries (such as pharma, food processing, retail, logistics), with the ultimate goal of preserving livelihoods in the country. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53870XI-IATI-EBRD-55454European Bank for Reconstruction and DevelopmentIn August 2024, EBRD invested EUR 23 million in senior preferred bonds placed by Siauliu Bankas AB ("SB") as part of EUR 300 million inaugural international issuance listed on Euronext Dublin stock exchange. The bonds have a 4.25-year remaining maturity with a call option in 3.25-year time. In March 2025, EBRD invested EUR 40 million in senior preferred bonds placed by SB as part of another EUR 300 million international issuance listed on Euronext Dublin stock exchange. The bonds have a 5.25-year remaining maturity with a call option in 4.25-year time. The project supports the strengthening of SB's climate practices and the resilience of a systemically important institution in Lithuania and contributes to the capital market development in the country. The project also aims to support green economy in Lithuania.European Bank for Reconstruction and DevelopmentARTEA BANKAS ABEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSIAULIAI55.93333 23.3166763000000ARTEA BANKAS ABPRIVATEPRIVATEPRIVATEIn August 2024, EBRD invested EUR 23 million in senior preferred bonds placed by Siauliu Bankas AB ("SB") as part of EUR 300 million inaugural international issuance listed on Euronext Dublin stock exchange. The bonds have a 4.25-year remaining maturity with a call option in 3.25-year time. In March 2025, EBRD invested EUR 40 million in senior preferred bonds placed by SB as part of another EUR 300 million international issuance listed on Euronext Dublin stock exchange. The bonds have a 5.25-year remaining maturity with a call option in 4.25-year time. The project supports the strengthening of SB's climate practices and the resilience of a systemically important institution in Lithuania and contributes to the capital market development in the country. The project also aims to support green economy in Lithuania. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55454XI-IATI-EBRD-56190European Bank for Reconstruction and DevelopmentPortfolio Risk Sharing ("PRS") in the form of an unfunded guarantee of up to EUR 50 million provided by the EBRD in favour of ACBA Bank. The guarantee will cover up to 50% of the credit risk for newly generated MSME loan portfolio originated by ACBA Bank. The project will enable ACBA Bank to expand lending to underbanked MSMEs with a focus on rural areas. By sharing credit risk, the guarantee from EBRD will free ACBA's capacity for growth, contribute to closing the MSME financing gap, and promote inclusive regional economic development.European Bank for Reconstruction and DevelopmentACBA BANK OJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYEREVAN40.18111 44.513615000000050000000ACBA BANK OJSCPRIVATEPRIVATEPRIVATEPortfolio Risk Sharing ("PRS") in the form of an unfunded guarantee of up to EUR 50 million provided by the EBRD in favour of ACBA Bank. The guarantee will cover up to 50% of the credit risk for newly generated MSME loan portfolio originated by ACBA Bank. The project will enable ACBA Bank to expand lending to underbanked MSMEs with a focus on rural areas. By sharing credit risk, the guarantee from EBRD will free ACBA's capacity for growth, contribute to closing the MSME financing gap, and promote inclusive regional economic development. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56190XI-IATI-EBRD-55804European Bank for Reconstruction and DevelopmentProvision of a senior loan to Converse Bank CJSC ("CB") of up to USD 3 million, of which up to USD 2.25 million to be provided by the European Bank for Reconstruction and Development ("EBRD") and up to USD 0.75 million by the Green Climate Fund ("GCF") under the GCF-Green Economy Financing Facility ("GEFF") Regional Programme. The proceeds of the loan will be used for financing investments in climate change mitigation and adaptation technologies by local private sector commercial sub-borrowers in a gender-responsive way, in line with the standards and reporting requirements for the GEFF in Armenia. 100% of the loan proceeds will be related to Green Economy Transition investments. In addition to long-term financing, eligible subborrowers will benefit from investment incentives upon successful completion of their investment projects. CB will benefit from Technical Cooperation ("TC") in form of trainings, capacity building and support for project implementation from the dedicated programme consultants. The Project's use of proceeds may include solar sub-projects. Such sub-projects will be managed in line with "The Proposed Management Approach for Solar Supply Chain Risk Management" (CS/FO/21-35), (CS/FO/21-35 (Add 2)) and any subsequent guidance developed under that approach.European Bank for Reconstruction and DevelopmentCONVERSE BANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYEREVAN40.18111 44.513611969710.24CONVERSE BANK CJSCPRIVATEPRIVATEPRIVATEProvision of a senior loan to Converse Bank CJSC ("CB") of up to USD 3 million, of which up to USD 2.25 million to be provided by the European Bank for Reconstruction and Development ("EBRD") and up to USD 0.75 million by the Green Climate Fund ("GCF") under the GCF-Green Economy Financing Facility ("GEFF") Regional Programme. The proceeds of the loan will be used for financing investments in climate change mitigation and adaptation technologies by local private sector commercial sub-borrowers in a gender-responsive way, in line with the standards and reporting requirements for the GEFF in Armenia. 100% of the loan proceeds will be related to Green Economy Transition investments. In addition to long-term financing, eligible subborrowers will benefit from investment incentives upon successful completion of their investment projects. CB will benefit from Technical Cooperation ("TC") in form of trainings, capacity building and support for project implementation from the dedicated programme consultants. The Project's use of proceeds may include solar sub-projects. Such sub-projects will be managed in line with "The Proposed Management Approach for Solar Supply Chain Risk Management" (CS/FO/21-35), (CS/FO/21-35 (Add 2)) and any subsequent guidance developed under that approach. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55804XI-IATI-EBRD-51409European Bank for Reconstruction and DevelopmentProvision of a senior loan of up to EUR 75 million to UniCredit Leasing Croatia ("UCLC") under the Financial Intermediaries Framework. The loan will be used to provide leases to micro, small and medium-sized enterprises (MSMEs) in Croatia. It will also support the Bank's Green Economy Transition ("GET") approach by dedicating at least 60% of the facility to the financing of leases for green equipment and technologies in the commercial sector throughout the project life-cycle.European Bank for Reconstruction and DevelopmentUNICREDIT LEASING CROATIA DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGZAGREB45.81444 15.9779875000000UNICREDIT LEASING CROATIA DOOPRIVATEPRIVATEPRIVATEProvision of a senior loan of up to EUR 75 million to UniCredit Leasing Croatia ("UCLC") under the Financial Intermediaries Framework. The loan will be used to provide leases to micro, small and medium-sized enterprises (MSMEs) in Croatia. It will also support the Bank's Green Economy Transition ("GET") approach by dedicating at least 60% of the facility to the financing of leases for green equipment and technologies in the commercial sector throughout the project life-cycle. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51409XI-IATI-EBRD-49253European Bank for Reconstruction and DevelopmentThe Bank will provide a long term senior loan of EUR 41 million to joint venture Toplana Zenica d.o.o. for the construction of a new Combined Heat & Power Plant (CHP). The project will transfer the production of steam and blast air for ArcelorMittal Zenica's steelworks and the production of district heating water for the City of Zenica, from currently ArcelorMittal Zenica to a modern CHP owned by the Borrower. The Project will entail the replacement of all outdated, coal-based steam generators with modern units fully using recovery gases from the steelworks and natural gas (as back up). The proposed project will replace and modernise the existing CHP and provide sustainable source of power and heat for the City of Zenica and Arcelor Mittal Zenica, and will substitute the use of coal with the use of process gases from the steelworks as fuel, and as a result achieve substantial reduction in CO2 emissions, as well as improvement in dust, NOx and SO2 emissions. The Project will also significantly improve the reliability of district heating supply to the City.European Bank for Reconstruction and DevelopmentTOPLANA ZENICA DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGZENICA44.20169 17.9039718000000TOPLANA ZENICA DOOPRIVATEPRIVATEPRIVATEThe Bank will provide a long term senior loan of EUR 41 million to joint venture Toplana Zenica d.o.o. for the construction of a new Combined Heat & Power Plant (CHP). The project will transfer the production of steam and blast air for ArcelorMittal Zenica's steelworks and the production of district heating water for the City of Zenica, from currently ArcelorMittal Zenica to a modern CHP owned by the Borrower. The Project will entail the replacement of all outdated, coal-based steam generators with modern units fully using recovery gases from the steelworks and natural gas (as back up). The proposed project will replace and modernise the existing CHP and provide sustainable source of power and heat for the City of Zenica and Arcelor Mittal Zenica, and will substitute the use of coal with the use of process gases from the steelworks as fuel, and as a result achieve substantial reduction in CO2 emissions, as well as improvement in dust, NOx and SO2 emissions. The Project will also significantly improve the reliability of district heating supply to the City. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49253XI-IATI-EBRD-50185European Bank for Reconstruction and DevelopmentThe Project aims to improve and modernise bus operations in Skopje through the purchase of a new bus fleet of up to 35 low-entry Compressed Natural Gas ("CNG") busses with EURO VI engines to ensure improved environmental and operational performance. For this purpose EBRD envisages provision of a sovereign-guaranteed loan of EUR 10.0 million ("the Loan") to the Javno Soobrakajno Preptrijatie Skopje ("JSP" or "the Company"). In addition, in line with the local legislation, the City of Skopje ("the City"), who is the owner of the Company, will also provide a guarantee. EBRD's financing will be used for the capital expenditures (acquisition of up to 35 CNG low-entry buses and IT equipment) and it will be complemented by a Technical Cooperation ("TC") package for project preparation and implementation as well as improved efficiency and sustainability of the Company's operations, restructuring of the Skopje bus sector and development of a Green Cities Action Plan ("GCAP"). The proposed operation is a sub-project under the Green Cities Framework ("GrCF") which is established to provide loans to governments, municipalities, municipal owned and private companies providing municipal services. The over-arching aim of the GrCF is to serve as a sector-wide catalyst for addressing environmental challenges at the Municipal/City level. This is underpinned through the implementation of a GCAP, which is a strategic document whereby environmental challenges are benchmarked, priority areas for environmental improvements identified, environmental objectives defined and indicative investments determined. The main purpose of the Project is to increase and enhance the level of public transport service and improve air quality in Skopje which is currently one of Europe's most polluted cities. As the new buses will replace old diesel Euro II buses, the envisaged investment has significant environmental and health benefits, and will considerably increase the quality and efficiency of services provided by the Company.European Bank for Reconstruction and DevelopmentJAVNO SOOBRAKJAJNO PRETPRIJATIE SKOPJEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.4314110000000JAVNO SOOBRAKJAJNO PRETPRIJATIE SKOPJE100000JAVNO SOOBRAKJAJNO PRETPRIJATIE SKOPJE2000000JAVNO SOOBRAKJAJNO PRETPRIJATIE SKOPJE3969582.3JAVNO SOOBRAKJAJNO PRETPRIJATIE SKOPJE3878329.2JAVNO SOOBRAKJAJNO PRETPRIJATIE SKOPJESTATESTATESTATESTATEThe Project aims to improve and modernise bus operations in Skopje through the purchase of a new bus fleet of up to 35 low-entry Compressed Natural Gas ("CNG") busses with EURO VI engines to ensure improved environmental and operational performance. For this purpose EBRD envisages provision of a sovereign-guaranteed loan of EUR 10.0 million ("the Loan") to the Javno Soobrakajno Preptrijatie Skopje ("JSP" or "the Company"). In addition, in line with the local legislation, the City of Skopje ("the City"), who is the owner of the Company, will also provide a guarantee. EBRD's financing will be used for the capital expenditures (acquisition of up to 35 CNG low-entry buses and IT equipment) and it will be complemented by a Technical Cooperation ("TC") package for project preparation and implementation as well as improved efficiency and sustainability of the Company's operations, restructuring of the Skopje bus sector and development of a Green Cities Action Plan ("GCAP"). The proposed operation is a sub-project under the Green Cities Framework ("GrCF") which is established to provide loans to governments, municipalities, municipal owned and private companies providing municipal services. The over-arching aim of the GrCF is to serve as a sector-wide catalyst for addressing environmental challenges at the Municipal/City level. This is underpinned through the implementation of a GCAP, which is a strategic document whereby environmental challenges are benchmarked, priority areas for environmental improvements identified, environmental objectives defined and indicative investments determined. The main purpose of the Project is to increase and enhance the level of public transport service and improve air quality in Skopje which is currently one of Europe's most polluted cities. As the new buses will replace old diesel Euro II buses, the envisaged investment has significant environmental and health benefits, and will considerably increase the quality and efficiency of services provided by the Company. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50185XI-IATI-EBRD-49203European Bank for Reconstruction and DevelopmentA senior corporate loan of up to EUR 15 million to be divided into two parallel tranches (i) the EBRD tranche and (ii) a concessional tranche provided by the Green Energy Special Fund ("GESF"), a Special Fund established and administrated by the Bank with the contribution of the Taiwanese International Cooperation and Development Fund (TaiwanICDF) to support EBRD projects related to investments in efficient (also known as "green") energy technologies. The size of the GESF tranche will be determined prior to signing and will depend on the amount of the carbon emission reduction (measured in tonnes of CO2 equivalent saved). In any event it will be limited to a maximum of 50 per cent of the total project costs (i.e. up to EUR 7.5 million to be provided by GESF). The proceeds of the loan will finance the (i) reconstruction of medium and low-voltage networks (ii) reconstruction of substations (iii) and expansion of smart metering ("the Project"). The Project will support ZEDP Elektro Bijeljina to reach its strategic objectives of a) Reducing losses, through the installation of new protected cables and substations as well as new meters with remote reading and disconnection features; b) Improving the quality of supply, with the replacement of substations and reconstruction of networks in the most populated areas which is projected to reduce frequency and duration of unexpected grid disconnections, as well as to provide a more stable supply of electricity; and, c) facilitating new renewable connections to the distribution network, mainly small PVs and small HPPs.European Bank for Reconstruction and DevelopmentODS ELEKTRO-BIJELJINA AD BIJELJINAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBIJELJINA44.75874 19.214377500000ODS ELEKTRO-BIJELJINA AD BIJELJINA1124998.97ODS ELEKTRO-BIJELJINA AD BIJELJINA1128548.01ODS ELEKTRO-BIJELJINA AD BIJELJINA1498076.69ODS ELEKTRO-BIJELJINA AD BIJELJINA1319654.8ODS ELEKTRO-BIJELJINA AD BIJELJINA11987.53ODS ELEKTRO-BIJELJINA AD BIJELJINA852763.4ODS ELEKTRO-BIJELJINA AD BIJELJINA565224.15ODS ELEKTRO-BIJELJINA AD BIJELJINA186071.95ODS ELEKTRO-BIJELJINA AD BIJELJINA812667.17ODS ELEKTRO-BIJELJINA AD BIJELJINASTATESTATESTATESTATEA senior corporate loan of up to EUR 15 million to be divided into two parallel tranches (i) the EBRD tranche and (ii) a concessional tranche provided by the Green Energy Special Fund ("GESF"), a Special Fund established and administrated by the Bank with the contribution of the Taiwanese International Cooperation and Development Fund (TaiwanICDF) to support EBRD projects related to investments in efficient (also known as "green") energy technologies. The size of the GESF tranche will be determined prior to signing and will depend on the amount of the carbon emission reduction (measured in tonnes of CO2 equivalent saved). In any event it will be limited to a maximum of 50 per cent of the total project costs (i.e. up to EUR 7.5 million to be provided by GESF). The proceeds of the loan will finance the (i) reconstruction of medium and low-voltage networks (ii) reconstruction of substations (iii) and expansion of smart metering ("the Project"). The Project will support ZEDP Elektro Bijeljina to reach its strategic objectives of a) Reducing losses, through the installation of new protected cables and substations as well as new meters with remote reading and disconnection features; b) Improving the quality of supply, with the replacement of substations and reconstruction of networks in the most populated areas which is projected to reduce frequency and duration of unexpected grid disconnections, as well as to provide a more stable supply of electricity; and, c) facilitating new renewable connections to the distribution network, mainly small PVs and small HPPs. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49203XI-IATI-EBRD-56495European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 2.0 million to be provided in one single tranche under the EBRD Western Balkans GEFF III programme. The loan is intended for providing sub-loans to help finance investments in high-performance energy efficiency and renewable energy technologies, materials and solutions undertaken in or in relation to privately owned residential dwellings or buildings, construction of Green Economy Transition (GET) eligible High-energy Performance Residential Buildings (HPRBs) and eligible energy efficiency and/or renewable energy projects in the public sector. 100% of the use of proceeds will be related to investments eligible under the EBRD's GET approach.European Bank for Reconstruction and DevelopmentAGENCY FOR FINANCE IN KOSOVOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPEJA20.28828 42.659132000000AGENCY FOR FINANCE IN KOSOVOPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 2.0 million to be provided in one single tranche under the EBRD Western Balkans GEFF III programme. The loan is intended for providing sub-loans to help finance investments in high-performance energy efficiency and renewable energy technologies, materials and solutions undertaken in or in relation to privately owned residential dwellings or buildings, construction of Green Economy Transition (GET) eligible High-energy Performance Residential Buildings (HPRBs) and eligible energy efficiency and/or renewable energy projects in the public sector. 100% of the use of proceeds will be related to investments eligible under the EBRD's GET approach. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56495XI-IATI-EBRD-55712European Bank for Reconstruction and DevelopmentEquity investment to acquire minority stake in select business lines of Punkta Group (the "Target") together with Innova Capital, a leading private equity firm based in Poland and a long-standing partner of the Bank, as the lead investor. Through the proposed transaction, the Bank aims to foster regional consolidation, which supports in improving efficiency of the insurance brokerage market leading to greater market penetration and higher levels of industry growth over time.European Bank for Reconstruction and DevelopmentTRICITY SARLEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.01178820000027900000TRICITY SARLPRIVATEPRIVATEPRIVATEEquity investment to acquire minority stake in select business lines of Punkta Group (the "Target") together with Innova Capital, a leading private equity firm based in Poland and a long-standing partner of the Bank, as the lead investor. Through the proposed transaction, the Bank aims to foster regional consolidation, which supports in improving efficiency of the insurance brokerage market leading to greater market penetration and higher levels of industry growth over time. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55712XI-IATI-EBRD-56262European Bank for Reconstruction and DevelopmentSenior secured loan in favour of Swiatlowod Inwestycje sp. z o.o. ("S-I" or the "Company"), the largest wholesale-only operator of open-access fibre optic infrastructure in Poland. The Bank's financing will support the refinancing of existing debt and Fibre-to-the-Home ("FTTH") network expansion. The financing provided by the commercial lenders and the EBRD includes ESG provisions in accordance with the Green Loan Principles and Sustainability-Linked Loan Principles developed by the Loan Market Association. The structure includes three key performance indicators ("KPIs") related to the circular economy, digital inclusion, and S-I's GRESB score - a globally recognized sustainability benchmark. The Company needs to refinance its existing debt and secure a capex facility as it enters a new phase of its ambitious FTTH rollout programme in semi-urban areas. S-I plans to extend its FTTH network to reach 3.1 million households across Poland by the end of 2032, with a meaningful share of the expansion targeting digitally underserved communities.European Bank for Reconstruction and DevelopmentSWIATLOWOD INWESTYCJE SP ZOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.0117825112103.969801466.02SWIATLOWOD INWESTYCJE SP ZOOPRIVATEPRIVATEPRIVATESenior secured loan in favour of Swiatlowod Inwestycje sp. z o.o. ("S-I" or the "Company"), the largest wholesale-only operator of open-access fibre optic infrastructure in Poland. The Bank's financing will support the refinancing of existing debt and Fibre-to-the-Home ("FTTH") network expansion. The financing provided by the commercial lenders and the EBRD includes ESG provisions in accordance with the Green Loan Principles and Sustainability-Linked Loan Principles developed by the Loan Market Association. The structure includes three key performance indicators ("KPIs") related to the circular economy, digital inclusion, and S-I's GRESB score - a globally recognized sustainability benchmark. The Company needs to refinance its existing debt and secure a capex facility as it enters a new phase of its ambitious FTTH rollout programme in semi-urban areas. S-I plans to extend its FTTH network to reach 3.1 million households across Poland by the end of 2032, with a meaningful share of the expansion targeting digitally underserved communities. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56262XI-IATI-EBRD-54562European Bank for Reconstruction and DevelopmentA senior secured loan of up to EUR 42.9 million and debt service reserve facility in the amount of EUR 2.8 million, in favour of Enlight K2-Wind d.o.o. Beograd (the "Company"), a limited liability company incorporated in Serbia and owned by Enlight Renewable Energy Ltd. ("Enlight", the "Sponsor"). The loan proceeds will be used for the construction and operation of a 94.4 MW Wind Farm project in Serbia (the "Project"). The Project will contribute to climate change mitigation and Serbian energy green transition by increasing the share of renewable energy generation in the country and adding new wind generation capacity to the national energy system. In addition, the Project will also strengthen the private sector presence in the renewable energy sector in the country.European Bank for Reconstruction and DevelopmentENLIGHT K2 WIND DOO BEOGRADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.465132800000.0145700000ENLIGHT K2 WIND DOO BEOGRADPRIVATEPRIVATEPRIVATEA senior secured loan of up to EUR 42.9 million and debt service reserve facility in the amount of EUR 2.8 million, in favour of Enlight K2-Wind d.o.o. Beograd (the "Company"), a limited liability company incorporated in Serbia and owned by Enlight Renewable Energy Ltd. ("Enlight", the "Sponsor"). The loan proceeds will be used for the construction and operation of a 94.4 MW Wind Farm project in Serbia (the "Project"). The Project will contribute to climate change mitigation and Serbian energy green transition by increasing the share of renewable energy generation in the country and adding new wind generation capacity to the national energy system. In addition, the Project will also strengthen the private sector presence in the renewable energy sector in the country. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54562XI-IATI-EBRD-56148European Bank for Reconstruction and DevelopmentProvision of a senior loan in the amount of up to €4 million, under the Green and Growth initiative ("G&G" or the "Initiative") to NLB Skopje ("NLB SK"). The proceeds of the Loan will be used for on-lending to eligible companies in the South-west and Pelagonia regions of the Republic of North Macedonia for green and capex investments in accordance with the Green & Growth Policy Statement. At least 75% of the total proceeds will be used to finance GET-eligible investmentsEuropean Bank for Reconstruction and DevelopmentNLB BANKA AD SKOPJEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.431411711620.332378287NLB BANKA AD SKOPJEPRIVATEPRIVATEPRIVATEProvision of a senior loan in the amount of up to €4 million, under the Green and Growth initiative ("G&G" or the "Initiative") to NLB Skopje ("NLB SK"). The proceeds of the Loan will be used for on-lending to eligible companies in the South-west and Pelagonia regions of the Republic of North Macedonia for green and capex investments in accordance with the Green & Growth Policy Statement. At least 75% of the total proceeds will be used to finance GET-eligible investments For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56148XI-IATI-EBRD-51582European Bank for Reconstruction and DevelopmentA sovereign loan of up to EUR 150 million to the Republic of Turkey. The Project will be implemented through the General Directorate of Infrastructure Investments ("AYGM"), The financing will be for the construction of a 67 km section of a new high-speed railway line from Ispartakule to Cerkezkoy including 200 km/h max design speed, double track, electrified railway and the required systems including ERTMS Level 1, power supply and auxiliaries. The project is a part of the new high-speed railway (the Halkali - Kapikule railway line) between Istanbul and Kapikule near the Bulgarian border. The Halkali - Kapikule railway line will connect Turkey's railway network with the Trans European Transport Network ("TEN-T") through Bulgaria. The Project aims to facilitate: (a) enhancement of the sustainability and safety of the national transport system; (b) improved efficiency of the transport system; (c) shift to sustainable, accessible and inclusive modes of public transport at the national level. The Halkali - Kapikule railway line is comprised of Phase 1 (Cerkezkoy-Kapikule) and Phase 2 which also has 2 sections (Halkali- Ispartakule and Ispartakule-Cerkezkoy). Phase 1, which is under contruction, and the Halkali - Ispartakule section of Phase 2 will not be part of the Project financed by the Bank. The project will be co-financed by the Asian Infrastructure Investment Bank (AIIB). The project involves the development of safe, sustainable, low-carbon, and expedient passenger and freight rail transport between Turkey and the European Union to further facilitate trade via a new high-speed railway from Ispartakule to Cerkezkoy.European Bank for Reconstruction and DevelopmentTÜRKIYE SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISPARTAKULE41.06194 28.69417113146194.22150000000TÜRKIYE SOVEREIGN45460.5TÜRKIYE SOVEREIGN51580.18TÜRKIYE SOVEREIGN42488.08TÜRKIYE SOVEREIGN42488.08TÜRKIYE SOVEREIGN42837.78TÜRKIYE SOVEREIGN261192.4TÜRKIYE SOVEREIGN12797722.22TÜRKIYE SOVEREIGN53853.21TÜRKIYE SOVEREIGN291606.01TÜRKIYE SOVEREIGN100908.2TÜRKIYE SOVEREIGN54202.91TÜRKIYE SOVEREIGN196932.92TÜRKIYE SOVEREIGN1700910.6TÜRKIYE SOVEREIGN614957.83TÜRKIYE SOVEREIGN45110.8TÜRKIYE SOVEREIGN144017.29TÜRKIYE SOVEREIGN742015.69TÜRKIYE SOVEREIGN125481.34TÜRKIYE SOVEREIGN690672.08TÜRKIYE SOVEREIGN62945.31TÜRKIYE SOVEREIGN930553.44TÜRKIYE SOVEREIGN154877.32TÜRKIYE SOVEREIGN1034304.92TÜRKIYE SOVEREIGN713574.28TÜRKIYE SOVEREIGN75291.17TÜRKIYE SOVEREIGN964138.81TÜRKIYE SOVEREIGN176675.35TÜRKIYE SOVEREIGN2949205.84TÜRKIYE SOVEREIGN2703458.83TÜRKIYE SOVEREIGN151244.36TÜRKIYE SOVEREIGN3559302.94TÜRKIYE SOVEREIGN149658.97TÜRKIYE SOVEREIGN1890425.82TÜRKIYE SOVEREIGN3102886.93TÜRKIYE SOVEREIGN190823.37TÜRKIYE SOVEREIGNSTATESTATESTATESTATEA sovereign loan of up to EUR 150 million to the Republic of Turkey. The Project will be implemented through the General Directorate of Infrastructure Investments ("AYGM"), The financing will be for the construction of a 67 km section of a new high-speed railway line from Ispartakule to Cerkezkoy including 200 km/h max design speed, double track, electrified railway and the required systems including ERTMS Level 1, power supply and auxiliaries. The project is a part of the new high-speed railway (the Halkali - Kapikule railway line) between Istanbul and Kapikule near the Bulgarian border. The Halkali - Kapikule railway line will connect Turkey's railway network with the Trans European Transport Network ("TEN-T") through Bulgaria. The Project aims to facilitate: (a) enhancement of the sustainability and safety of the national transport system; (b) improved efficiency of the transport system; (c) shift to sustainable, accessible and inclusive modes of public transport at the national level. The Halkali - Kapikule railway line is comprised of Phase 1 (Cerkezkoy-Kapikule) and Phase 2 which also has 2 sections (Halkali- Ispartakule and Ispartakule-Cerkezkoy). Phase 1, which is under contruction, and the Halkali - Ispartakule section of Phase 2 will not be part of the Project financed by the Bank. The project will be co-financed by the Asian Infrastructure Investment Bank (AIIB). The project involves the development of safe, sustainable, low-carbon, and expedient passenger and freight rail transport between Turkey and the European Union to further facilitate trade via a new high-speed railway from Ispartakule to Cerkezkoy. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51582XI-IATI-EBRD-55595European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 50 million in favour of Ak Finansal Kiralama A.S. ("Aklease") in two equal tranches, with the second tranche being uncommitted, for on-lending to sub-borrowers implementing green economy investments including, among others, energy efficiency, renewable energy and climate resilience measures under the Turkiye Green Economy Financing Facility II ("GEFF II" or the "Framework", BSD21-156- ADD (12)). Aklease will use the proceeds of the Bank`s investment to provide lease financing to sub-borrowers implementing green economy investments, in a gender responsive way, in line with the GEFF II Framework's technical eligibility criteria as defined in the Policy Statement, forming an integral part of the financing agreements. Funds may also be on-lent to vendors and producers of eligible technologies covered by the Green Technology Selector for Turkiye. In addition, Aklease may finance eligible sub-borrowers that are certified according to recognized sustainability certification systems.European Bank for Reconstruction and DevelopmentAK FINANSAL KIRALAMA ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496650000000AK FINANSAL KIRALAMA ASPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 50 million in favour of Ak Finansal Kiralama A.S. ("Aklease") in two equal tranches, with the second tranche being uncommitted, for on-lending to sub-borrowers implementing green economy investments including, among others, energy efficiency, renewable energy and climate resilience measures under the Turkiye Green Economy Financing Facility II ("GEFF II" or the "Framework", BSD21-156- ADD (12)). Aklease will use the proceeds of the Bank`s investment to provide lease financing to sub-borrowers implementing green economy investments, in a gender responsive way, in line with the GEFF II Framework's technical eligibility criteria as defined in the Policy Statement, forming an integral part of the financing agreements. Funds may also be on-lent to vendors and producers of eligible technologies covered by the Green Technology Selector for Turkiye. In addition, Aklease may finance eligible sub-borrowers that are certified according to recognized sustainability certification systems. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55595XI-IATI-EBRD-55174European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 25 million (or its USD or TRY equivalent) in favour of Sekerbank under the Turkiye Green Economy Financing Facility II ("GEFF II"). The proceeds of the Bank`s investment are expected to be used to finance predominantly eligible sustainable agriculture projects. Sekerbank will engage with its clients to address specific climate risks in agriculture. In line with GEFF II design, the Project aims to support green economy investments including among others energy efficiency, renewable energy and climate resilience measures, in a gender-responsive way.European Bank for Reconstruction and DevelopmentSEKERBANK TASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496625000000SEKERBANK TASPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 25 million (or its USD or TRY equivalent) in favour of Sekerbank under the Turkiye Green Economy Financing Facility II ("GEFF II"). The proceeds of the Bank`s investment are expected to be used to finance predominantly eligible sustainable agriculture projects. Sekerbank will engage with its clients to address specific climate risks in agriculture. In line with GEFF II design, the Project aims to support green economy investments including among others energy efficiency, renewable energy and climate resilience measures, in a gender-responsive way. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55174XI-IATI-EBRD-54611European Bank for Reconstruction and DevelopmentThe project consists of a senior secured limited recourse project finane loan of up to EUR 22 million in favor of KC Solar2 OÜ (the "Borrower"), a special purpose vehicle incorporated in Estonia established to develop, construct and operate a portfolio of two solar PV power plants with a total capacity of 52.5MW located near Tallinn (the "Project"), in Estonia. The Project portfolio is split in two phases, 7.5 MW capacity ("Phase 1") and 45 MW capacity ("Phase 2"). Each of Phase 1 and 2 of the Project are developed separately, having separate grid connection points and accordingly exporting power independently to the grid. The Bank's loan will finance the development, construction and operation of the 45 MW Phase 2 of the Project. The EBRD loan is approved under EBRD InvestEU Framework for Sustainable Transition and is split in two tranches: EUR 17.5 million tranche, covered by the InvestEU guarantee, and EUR 4.5 million uncovered tranche. The split between the covered and uncovered parts is envisaged to meet the InvestEU criterion according to which up to a maximum of 50% of the total Project cost can be guaranteed by InvestEU programme. Null ValueEuropean Bank for Reconstruction and DevelopmentKC SOLAR2 OUEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTALLINN59.43696 24.7535322000000KC SOLAR2 OUPRIVATEPRIVATEPRIVATEThe project consists of a senior secured limited recourse project finane loan of up to EUR 22 million in favor of KC Solar2 OÜ (the "Borrower"), a special purpose vehicle incorporated in Estonia established to develop, construct and operate a portfolio of two solar PV power plants with a total capacity of 52.5MW located near Tallinn (the "Project"), in Estonia. The Project portfolio is split in two phases, 7.5 MW capacity ("Phase 1") and 45 MW capacity ("Phase 2"). Each of Phase 1 and 2 of the Project are developed separately, having separate grid connection points and accordingly exporting power independently to the grid. The Bank's loan will finance the development, construction and operation of the 45 MW Phase 2 of the Project. The EBRD loan is approved under EBRD InvestEU Framework for Sustainable Transition and is split in two tranches: EUR 17.5 million tranche, covered by the InvestEU guarantee, and EUR 4.5 million uncovered tranche. The split between the covered and uncovered parts is envisaged to meet the InvestEU criterion according to which up to a maximum of 50% of the total Project cost can be guaranteed by InvestEU programme. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54611XI-IATI-EBRD-50200European Bank for Reconstruction and DevelopmentProvision of a senior long-term loan to finance the development, construction and operation of the 219.5 MW ("Phase 1") and 59.4 MW ("Phase 2") of Potegowo wind farm in north-western Poland (the "Project"). Phase 1 was successfully commissioned in 2020 and was co-financed by EBRD in 2019. EBRD is now also considering to provide additional financing for the construction and operation of Phase 2, which is expected to be commissioned in 2023. The entire Project has been developed by Mashav Management Sp. z o. o. (the "Borrower"), established to develop, construct and operate the Project. The Borrower is owned by the Israel Infrastructure Fund ("IIF"), CERAC SA and Helios Energy Investments ("Helios") ("Sponsors"). Helios and IIF represent Israeli institutional equity investors focusing on infrastructure investments. The Project will contribute to climate mitigation by increasing the share of renewable energy generation in Poland and add 278.9 MW (Phase 1 + Phase 2) wind generation capacity to the national energy system. This is expected to generate over 575 thousand tonnes of CO2 emission savings per annum. In addition the Project will strengthen the private sector's role in the renewable energy sector in Poland.European Bank for Reconstruction and DevelopmentPOTEGOWO MASHAV SP ZOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSLUPASK54.46405 17.0287267265346.09POTEGOWO MASHAV SP ZOOPRIVATEPRIVATEPRIVATEProvision of a senior long-term loan to finance the development, construction and operation of the 219.5 MW ("Phase 1") and 59.4 MW ("Phase 2") of Potegowo wind farm in north-western Poland (the "Project"). Phase 1 was successfully commissioned in 2020 and was co-financed by EBRD in 2019. EBRD is now also considering to provide additional financing for the construction and operation of Phase 2, which is expected to be commissioned in 2023. The entire Project has been developed by Mashav Management Sp. z o. o. (the "Borrower"), established to develop, construct and operate the Project. The Borrower is owned by the Israel Infrastructure Fund ("IIF"), CERAC SA and Helios Energy Investments ("Helios") ("Sponsors"). Helios and IIF represent Israeli institutional equity investors focusing on infrastructure investments. The Project will contribute to climate mitigation by increasing the share of renewable energy generation in Poland and add 278.9 MW (Phase 1 + Phase 2) wind generation capacity to the national energy system. This is expected to generate over 575 thousand tonnes of CO2 emission savings per annum. In addition the Project will strengthen the private sector's role in the renewable energy sector in Poland. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50200XI-IATI-EBRD-53722European Bank for Reconstruction and DevelopmentThe Bank invested € 72 million in the bond issue of the regional food retailer Maxima Grupe UAB ("Maxima", "Company" or the "Issuer"). The total size of the issue is € 240 million with a 5-year maturity. The proceeds from the bond issue used to refinance the existing maturing bond.European Bank for Reconstruction and DevelopmentMAXIMA GRUPE UABEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGVILNIUS54.68916 25.279890000000MAXIMA GRUPE UABPRIVATEPRIVATEPRIVATEThe Bank invested € 72 million in the bond issue of the regional food retailer Maxima Grupe UAB ("Maxima", "Company" or the "Issuer"). The total size of the issue is € 240 million with a 5-year maturity. The proceeds from the bond issue used to refinance the existing maturing bond. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53722XI-IATI-EBRD-52136European Bank for Reconstruction and DevelopmentProvision of a USD 5,000,000 senior secured loan to JV Angren Insulation LLC (the "Borrower" or the "Company") to finance the acquisition of technological equipment for a greenfield manufacturing plant for the production of thermal insulation products (the "Project") with a manufacturing capacity of 20,000 tonnes per annum. The Project aims to (i) strengthen the Co-Borrowers' competitive position by improving quality standards in production that will be fully compliant with international certification; (ii) contribute to reducing carbon footprint and thus the green economy through its energy saving qualities; and (iii) improve profitability of the Co-Borrowers. The Project contributes to two out of three strategic priorities in Uzbekistan: (i) enhancement of competitiveness of the private sector, as well as; (ii) the transition to a greener economy addressing significant transition gaps in the country.European Bank for Reconstruction and DevelopmentJV ANGREN INSULATION LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANGREN41.01667 70.143614377133.85JV ANGREN INSULATION LLCPRIVATEPRIVATEPRIVATEProvision of a USD 5,000,000 senior secured loan to JV Angren Insulation LLC (the "Borrower" or the "Company") to finance the acquisition of technological equipment for a greenfield manufacturing plant for the production of thermal insulation products (the "Project") with a manufacturing capacity of 20,000 tonnes per annum. The Project aims to (i) strengthen the Co-Borrowers' competitive position by improving quality standards in production that will be fully compliant with international certification; (ii) contribute to reducing carbon footprint and thus the green economy through its energy saving qualities; and (iii) improve profitability of the Co-Borrowers. The Project contributes to two out of three strategic priorities in Uzbekistan: (i) enhancement of competitiveness of the private sector, as well as; (ii) the transition to a greener economy addressing significant transition gaps in the country. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52136XI-IATI-EBRD-48651European Bank for Reconstruction and DevelopmentTurkey is experiencing significant population growth caused by the refugee influx since the start of the civil war in Syria. Based on recent estimates, some 2.7 million refugees live in Turkey, placing a huge toll on host communities which are struggling to provide needed services. This is particularly the case in areas close to the Syrian border such as Gaziantep, which is frequently the first point of settlement. The refugee influx has strained key municipal services in the areas of water, waste water, urban transport and solid waste operations in Gaziantep. Although the Turkish government has established refugee camps, the majority of the refugees live in Gaziantep city centre. 50 per cent of the refugees are women and youth under 18. Gaziantep Metropolitan Municipality and its entities do not have the capacity to meet the growing demand for services and face increasingly strained budgets. In response, the Bank is developing a refugee response plan which focuses on building the host country economic resilience. It identifies municipal and environmental infrastructure as a priority. The EBRD signed a EUR 10 million loan agreement with Gaziantep Metropolitan Municipality on 17 November 2011 to finance the acquisition of 50 low floor buses, essential maintenance equipment and a compressed natual gas (CNG) filling station. The Bank is now providing a EUR 5 million extension to the existing loan to finance an additional 50 CNG-powered buses to be used in public transport in Gaziantep. Null ValueEuropean Bank for Reconstruction and DevelopmentMUNICIPALITY OF GAZIANTEPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGGAZIANTEP37.05944 37.38255000000MUNICIPALITY OF GAZIANTEP1464533.65MUNICIPALITY OF GAZIANTEP2929067.3MUNICIPALITY OF GAZIANTEP601746.55MUNICIPALITY OF GAZIANTEPSTATESTATESTATESTATETurkey is experiencing significant population growth caused by the refugee influx since the start of the civil war in Syria. Based on recent estimates, some 2.7 million refugees live in Turkey, placing a huge toll on host communities which are struggling to provide needed services. This is particularly the case in areas close to the Syrian border such as Gaziantep, which is frequently the first point of settlement. The refugee influx has strained key municipal services in the areas of water, waste water, urban transport and solid waste operations in Gaziantep. Although the Turkish government has established refugee camps, the majority of the refugees live in Gaziantep city centre. 50 per cent of the refugees are women and youth under 18. Gaziantep Metropolitan Municipality and its entities do not have the capacity to meet the growing demand for services and face increasingly strained budgets. In response, the Bank is developing a refugee response plan which focuses on building the host country economic resilience. It identifies municipal and environmental infrastructure as a priority. The EBRD signed a EUR 10 million loan agreement with Gaziantep Metropolitan Municipality on 17 November 2011 to finance the acquisition of 50 low floor buses, essential maintenance equipment and a compressed natual gas (CNG) filling station. The Bank is now providing a EUR 5 million extension to the existing loan to finance an additional 50 CNG-powered buses to be used in public transport in Gaziantep. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48651XI-IATI-EBRD-54049European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 15 million to ING Bank A.S. ("INGT" or "the Company"), for on-lending to women-led SMEs under the Türkiye Women in Business ("TurWiB II"), a blended programme established under the Financial Intermediaries Framework ("FIF"). TurWiB II is an integrated and dedicated programme supporting women entrepreneurship and women-led SMEs. EBRD financing will be accompanied by (i) a technical cooperation programme to help INGT to build their internal capacity to better serve this segment, and (ii) a risk sharing mechanism supported by the Turkish Credit Guarantee Fund ("CGF") to stimulate lending on a sustainable basis. In addition, women entrepreneurs will be provided with advisory, mentorship and networking opportunities, facilitating their access to know-how and non-financial development services, as well as access to markets.European Bank for Reconstruction and DevelopmentING BANK ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496615000000ING BANK ASPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 15 million to ING Bank A.S. ("INGT" or "the Company"), for on-lending to women-led SMEs under the Türkiye Women in Business ("TurWiB II"), a blended programme established under the Financial Intermediaries Framework ("FIF"). TurWiB II is an integrated and dedicated programme supporting women entrepreneurship and women-led SMEs. EBRD financing will be accompanied by (i) a technical cooperation programme to help INGT to build their internal capacity to better serve this segment, and (ii) a risk sharing mechanism supported by the Turkish Credit Guarantee Fund ("CGF") to stimulate lending on a sustainable basis. In addition, women entrepreneurs will be provided with advisory, mentorship and networking opportunities, facilitating their access to know-how and non-financial development services, as well as access to markets. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54049XI-IATI-EBRD-55709European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 50 million to Yapi ve Kredi Bankasi A.S. ("YKB"), for on-lending to women-led SMEs under the Türkiye Women in Business ("TurWiB II"), a blended programme established under the Financial Intermediaries Framework ("FIF"). TurWiB II is an integrated and dedicated programme supporting women entrepreneurship and women-led SMEs. EBRD financing will be accompanied by (i) a technical cooperation programme for YKB to continue building their internal capacity to better serve this segment, and (ii) a risk sharing mechanism supported by the Turkish Credit Guarantee Fund ("CGF"), underwritten by the Turkish Ministry of Treasury and Finance, to stimulate lending on a sustainable basis. In addition, women entrepreneurs will be provided with advisory, mentorship and networking opportunities, facilitating their access to know-how and non-financial development services, as well as access to markets.European Bank for Reconstruction and DevelopmentYAPI VE KREDI BANKASI ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496625000000YAPI VE KREDI BANKASI ASPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 50 million to Yapi ve Kredi Bankasi A.S. ("YKB"), for on-lending to women-led SMEs under the Türkiye Women in Business ("TurWiB II"), a blended programme established under the Financial Intermediaries Framework ("FIF"). TurWiB II is an integrated and dedicated programme supporting women entrepreneurship and women-led SMEs. EBRD financing will be accompanied by (i) a technical cooperation programme for YKB to continue building their internal capacity to better serve this segment, and (ii) a risk sharing mechanism supported by the Turkish Credit Guarantee Fund ("CGF"), underwritten by the Turkish Ministry of Treasury and Finance, to stimulate lending on a sustainable basis. In addition, women entrepreneurs will be provided with advisory, mentorship and networking opportunities, facilitating their access to know-how and non-financial development services, as well as access to markets. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55709XI-IATI-EBRD-53686European Bank for Reconstruction and DevelopmentOn the 29th June 2022, the EBRD invested CZK 1.323 billion (EUR 53.5 million equivalent or 22% of the issuance amount) in a Senior Non-Preferred ("SNP") bond issued by Ceska sporitelna, as part of a local issuance of CZK 6 billion, listed on the Prague Stock Exchange. This Bond is eligible to meet the regulatory minimum requirements for own funds and eligible liabilities (MREL) and has a maturity of 5 years, with a call option after 4 years. On the 24th August 2023, the EBRD participated with EUR 15 million (or 3% of the issuance amount) to the international Green SNP issuance by Ceska sporitelna - in total amount of EUR 500 million. The Green SNP bond is listed on Vienna Stock Exchange, eligible to meet the regulatory minimum requirements for own funds and eligible liabilities (MREL) and has a maturity of 4.5 years, with a call option after 3.5 years. The Project contributes to a green economic recovery in the Czech Republic, helps the resilience of a systemically important bank in Czech Republic, and promotes the development of the local capital market. The Project strongly supports the green agenda in Czech Republic by investing in issuances of Green Bonds i demonstrating support for the development of this still novel instrument on the local market, whilst for Bank's investments in bonds that are not in the Green Bond format, Ceska sporitelna will commit to allocate 120% of EBRD's participation to financing green projects in line with EBRD's Green Economy Transition ("GET") requirements.European Bank for Reconstruction and DevelopmentCESKA SPORITELNA ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRAGUE50.08804 14.4207669523566.44CESKA SPORITELNA ASPRIVATEPRIVATEPRIVATEOn the 29th June 2022, the EBRD invested CZK 1.323 billion (EUR 53.5 million equivalent or 22% of the issuance amount) in a Senior Non-Preferred ("SNP") bond issued by Ceska sporitelna, as part of a local issuance of CZK 6 billion, listed on the Prague Stock Exchange. This Bond is eligible to meet the regulatory minimum requirements for own funds and eligible liabilities (MREL) and has a maturity of 5 years, with a call option after 4 years. On the 24th August 2023, the EBRD participated with EUR 15 million (or 3% of the issuance amount) to the international Green SNP issuance by Ceska sporitelna - in total amount of EUR 500 million. The Green SNP bond is listed on Vienna Stock Exchange, eligible to meet the regulatory minimum requirements for own funds and eligible liabilities (MREL) and has a maturity of 4.5 years, with a call option after 3.5 years. The Project contributes to a green economic recovery in the Czech Republic, helps the resilience of a systemically important bank in Czech Republic, and promotes the development of the local capital market. The Project strongly supports the green agenda in Czech Republic by investing in issuances of Green Bonds i demonstrating support for the development of this still novel instrument on the local market, whilst for Bank's investments in bonds that are not in the Green Bond format, Ceska sporitelna will commit to allocate 120% of EBRD's participation to financing green projects in line with EBRD's Green Economy Transition ("GET") requirements. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53686XI-IATI-EBRD-55527European Bank for Reconstruction and DevelopmentAn unfunded risk-sharing instrument covering up to 50 per cent of the credit risk in newly originated sub-loans with the total value of EUR 400 million equivalent (the "Covered Portfolio") to be originated by PrivatBank in Ukraine. The Project will include three sub-limits with the Covered Portfolio of: (i) EUR 175 million under the EBRD's Energy Security Support Facility (assigned with a separate EBRD project number 55728), (ii) EUR 165 million under Resilience and Livelihoods Guarantee product and (ii) EUR 60 million under the EU4Business-EBRD Credit Line with Incentives (assigned with a separate EBRD project number 55528). The facility will be provided in two equal tranches, each including EUR 200 million of the Covered Portfolio; the second tranche is uncommitted. Under the Energy Security Support Facility, sub-loans will finance energy generation, energy storage and energy efficiency sub-projects to Ukrainian businesses and households. All sub-borrowers will receive the technical assistance to facilitate their investments' structuring and implementation. Eligible residential sub-borrowers will additionally receive grant support in form of investment incentives upon the completion of their eligible investment projects. Under the EU4Business-EBRD Credit Line with Incentives, the EBRD and the EU support investment projects of local small and medium enterprises ("SMEs"). The EBRD enables financing of long-term capital investments of SMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of the sub-limit), thereby enhancing businesses' competitiveness. Eligible sub-borrowers will also receive technical assistance funded by the EU and grant support in the form of investment incentives upon the completion of their investment projects. The facility will be used to support lending to Ukrainian companies in the primary and secondary agriculture sectors, as well as other critical areas essential for the country's energy security, with priority given to MSME and corporate borrowers investing in projects that enhance energy security and efficiency in Ukraine.European Bank for Reconstruction and DevelopmentPRIVATBANK CB JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGDNIPRO48.4593 35.038655075000050750000PRIVATBANK CB JSCPRIVATEPRIVATEPRIVATEAn unfunded risk-sharing instrument covering up to 50 per cent of the credit risk in newly originated sub-loans with the total value of EUR 400 million equivalent (the "Covered Portfolio") to be originated by PrivatBank in Ukraine. The Project will include three sub-limits with the Covered Portfolio of: (i) EUR 175 million under the EBRD's Energy Security Support Facility (assigned with a separate EBRD project number 55728), (ii) EUR 165 million under Resilience and Livelihoods Guarantee product and (ii) EUR 60 million under the EU4Business-EBRD Credit Line with Incentives (assigned with a separate EBRD project number 55528). The facility will be provided in two equal tranches, each including EUR 200 million of the Covered Portfolio; the second tranche is uncommitted. Under the Energy Security Support Facility, sub-loans will finance energy generation, energy storage and energy efficiency sub-projects to Ukrainian businesses and households. All sub-borrowers will receive the technical assistance to facilitate their investments' structuring and implementation. Eligible residential sub-borrowers will additionally receive grant support in form of investment incentives upon the completion of their eligible investment projects. Under the EU4Business-EBRD Credit Line with Incentives, the EBRD and the EU support investment projects of local small and medium enterprises ("SMEs"). The EBRD enables financing of long-term capital investments of SMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of the sub-limit), thereby enhancing businesses' competitiveness. Eligible sub-borrowers will also receive technical assistance funded by the EU and grant support in the form of investment incentives upon the completion of their investment projects. The facility will be used to support lending to Ukrainian companies in the primary and secondary agriculture sectors, as well as other critical areas essential for the country's energy security, with priority given to MSME and corporate borrowers investing in projects that enhance energy security and efficiency in Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55527XI-IATI-EBRD-55312European Bank for Reconstruction and DevelopmentUp to €200 million non-recourse long-term senior loan in favour of PGE Baltica 6 Sp. z o.o. ("Company"), to finance the construction and operation of the 1.5GW offshore wind farm located in the Baltic Sea in Poland (the "Project"). The Bank's financing will be provided alongside multiple commercial banks, export agencies and development banks. The Project represents the largest offshore wind farm envisaged in the first phase of the offshore rollout in Poland (which covers 5.9 GW across 8 projects). Once constructed, the Project is expected to generate 5 TWh of electricity annually, contributing approx. 3.6 million tonnes of CO2 in annual savings. The Bank proceeds will be used to finance the Project's capital expenditure.European Bank for Reconstruction and DevelopmentPGE BALTICA 6 SP ZOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.01178140740778.68200000000PGE BALTICA 6 SP ZOO3219118.78PGE BALTICA 6 SP ZOO557188.94PGE BALTICA 6 SP ZOO12956148.39PGE BALTICA 6 SP ZOO9212647.72PGE BALTICA 6 SP ZOO7487321.66PGE BALTICA 6 SP ZOO10407983.17PGE BALTICA 6 SP ZOO3051678.14PGE BALTICA 6 SP ZOO11418870.56PGE BALTICA 6 SP ZOOSTATESTATESTATESTATEUp to €200 million non-recourse long-term senior loan in favour of PGE Baltica 6 Sp. z o.o. ("Company"), to finance the construction and operation of the 1.5GW offshore wind farm located in the Baltic Sea in Poland (the "Project"). The Bank's financing will be provided alongside multiple commercial banks, export agencies and development banks. The Project represents the largest offshore wind farm envisaged in the first phase of the offshore rollout in Poland (which covers 5.9 GW across 8 projects). Once constructed, the Project is expected to generate 5 TWh of electricity annually, contributing approx. 3.6 million tonnes of CO2 in annual savings. The Bank proceeds will be used to finance the Project's capital expenditure. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55312XI-IATI-EBRD-55382European Bank for Reconstruction and DevelopmentInvestment in the amount of €50 million to a newly established SPV, Podravka Agri d.o.o., majority owned by Podravka Inc. (the "Sponsor"), for the purpose of the acquisition of Fortenova Group's Agriculture Division, a leading Croatian vertically integrated farming enterprise (the "Target"). The investment will support the Sponsor in its expansion efforts and the implementation of efficiency and profitability improvements at the Target level.European Bank for Reconstruction and DevelopmentPODRAVKA AGRI DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKOPRIVNICA46.16278 16.827550000000PODRAVKA AGRI DOOPRIVATEPRIVATEPRIVATEInvestment in the amount of €50 million to a newly established SPV, Podravka Agri d.o.o., majority owned by Podravka Inc. (the "Sponsor"), for the purpose of the acquisition of Fortenova Group's Agriculture Division, a leading Croatian vertically integrated farming enterprise (the "Target"). The investment will support the Sponsor in its expansion efforts and the implementation of efficiency and profitability improvements at the Target level. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55382XI-IATI-EBRD-54711European Bank for Reconstruction and DevelopmentThe provision of senior secured loan of up to US$ 10 million to the group of companies of Atameken-Agro JSC (the Group), one of the largest agricultural holdings in Kazakhstan. The proceeds of the loan will be used to finance the replacement of the existing agricultural machinery (tractors, harvester-threshers and sprayers) The project is expected to improve the Group's production efficiency and environmental footprint. The investment in new machinery is also an opportunity for the Group to train workers in more advanced skills relevant for the sector's growth, thus contributing to the development of human capital in the sector.European Bank for Reconstruction and DevelopmentATAMEKEN-AGRO JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKOKSHETAU53.28333 69.383338754267.71ATAMEKEN-AGRO JSCPRIVATEPRIVATEPRIVATEThe provision of senior secured loan of up to US$ 10 million to the group of companies of Atameken-Agro JSC (the Group), one of the largest agricultural holdings in Kazakhstan. The proceeds of the loan will be used to finance the replacement of the existing agricultural machinery (tractors, harvester-threshers and sprayers) The project is expected to improve the Group's production efficiency and environmental footprint. The investment in new machinery is also an opportunity for the Group to train workers in more advanced skills relevant for the sector's growth, thus contributing to the development of human capital in the sector. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54711XI-IATI-EBRD-48089European Bank for Reconstruction and DevelopmentA loan of up to USD 180 million to RGP Kazvodkhoz (the "Company" or the "Borrower"), wholly owned by the Government of Kazakhstan, for rehabilitation of the irrigation water conveyance infrastructure in South Kazakhstan, Zhambyl and Aktobe regions of Kazakhstan (the "Project"). The loan will be backed by a sovereign guarantee. The Project will help the Company to rehabilitate irrigation water conveyance infrastructure in South Kazakhstan, Zhambyl and Aktobe regions, provide rural employment, and make the water system more efficient and resilient to the impacts of climate change.European Bank for Reconstruction and DevelopmentKAZVODKHOZ RGPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGASTANA51.1801 71.4459866658265.99152122815.37KAZVODKHOZ RGP2154393.83KAZVODKHOZ RGP1846515.87KAZVODKHOZ RGP268352.44KAZVODKHOZ RGP1589745.66KAZVODKHOZ RGP200329.26KAZVODKHOZ RGP478603.47KAZVODKHOZ RGP1483222.66KAZVODKHOZ RGP592539.46KAZVODKHOZ RGP725536.79KAZVODKHOZ RGP695436.25KAZVODKHOZ RGP1727783.95KAZVODKHOZ RGP636460.24KAZVODKHOZ RGP454785.08KAZVODKHOZ RGP145758.56KAZVODKHOZ RGP1587089.92KAZVODKHOZ RGP456609.44KAZVODKHOZ RGP259439.94KAZVODKHOZ RGP977511.7KAZVODKHOZ RGP62791.23KAZVODKHOZ RGP212941.76KAZVODKHOZ RGP167985.76KAZVODKHOZ RGP1148701.8KAZVODKHOZ RGP403705.21KAZVODKHOZ RGP422256.11KAZVODKHOZ RGP691498.82KAZVODKHOZ RGP147591.76KAZVODKHOZ RGP1198416.56KAZVODKHOZ RGP1353508.84KAZVODKHOZ RGP375054.81KAZVODKHOZ RGP1457764.59KAZVODKHOZ RGP1184489.99KAZVODKHOZ RGP804934.82KAZVODKHOZ RGP562609.69KAZVODKHOZ RGP159386.3KAZVODKHOZ RGP560562.15KAZVODKHOZ RGP587422.46KAZVODKHOZ RGP178724.98KAZVODKHOZ RGP1044206.34KAZVODKHOZ RGP168616.27KAZVODKHOZ RGP93338.94KAZVODKHOZ RGP2870112.86KAZVODKHOZ RGP956554.95KAZVODKHOZ RGP201275.82KAZVODKHOZ RGP387071.2KAZVODKHOZ RGP93438.79KAZVODKHOZ RGP123005.66KAZVODKHOZ RGP694623.97KAZVODKHOZ RGP48619.85KAZVODKHOZ RGP761092.7KAZVODKHOZ RGP491149.32KAZVODKHOZ RGP1538934.01KAZVODKHOZ RGP3902108.07KAZVODKHOZ RGP137203.23KAZVODKHOZ RGP237147.74KAZVODKHOZ RGP136976.25KAZVODKHOZ RGP476666.47KAZVODKHOZ RGP1014415.04KAZVODKHOZ RGP700512.52KAZVODKHOZ RGP159191.25KAZVODKHOZ RGP158541.22KAZVODKHOZ RGP69150.27KAZVODKHOZ RGP86100.74KAZVODKHOZ RGP875143.82KAZVODKHOZ RGP49747.05KAZVODKHOZ RGP28997.64KAZVODKHOZ RGP1307803.84KAZVODKHOZ RGP298203.68KAZVODKHOZ RGP483024.87KAZVODKHOZ RGP62495.01KAZVODKHOZ RGP878764.62KAZVODKHOZ RGP64455.16KAZVODKHOZ RGP299163KAZVODKHOZ RGP149854.96KAZVODKHOZ RGP70800.27KAZVODKHOZ RGP894635.77KAZVODKHOZ RGP1098881.36KAZVODKHOZ RGP284060.48KAZVODKHOZ RGP69166.74KAZVODKHOZ RGP172524.07KAZVODKHOZ RGP637636.58KAZVODKHOZ RGP173993.46KAZVODKHOZ RGP130664.56KAZVODKHOZ RGP551958.72KAZVODKHOZ RGP143759.62KAZVODKHOZ RGP444055.41KAZVODKHOZ RGP1115178KAZVODKHOZ RGP81385.75KAZVODKHOZ RGP402756.57KAZVODKHOZ RGP467693.49KAZVODKHOZ RGP78084.88KAZVODKHOZ RGP100751.07KAZVODKHOZ RGP176054.93KAZVODKHOZ RGP196484.01KAZVODKHOZ RGP43736.07KAZVODKHOZ RGP112308.77KAZVODKHOZ RGP148339.18KAZVODKHOZ RGP469875.93KAZVODKHOZ RGP95356.02KAZVODKHOZ RGP1427529.77KAZVODKHOZ RGP502655.27KAZVODKHOZ RGP146959.66KAZVODKHOZ RGP110030.71KAZVODKHOZ RGP145137.95KAZVODKHOZ RGP193081.62KAZVODKHOZ RGP42305.92KAZVODKHOZ RGP220467.59KAZVODKHOZ RGP212138.04KAZVODKHOZ RGP66872.21KAZVODKHOZ RGP508970.41KAZVODKHOZ RGP460718.65KAZVODKHOZ RGP205906.39KAZVODKHOZ RGP125501.49KAZVODKHOZ RGP44411.32KAZVODKHOZ RGP66789.7KAZVODKHOZ RGP37796.2KAZVODKHOZ RGP533390.41KAZVODKHOZ RGP178918.17KAZVODKHOZ RGP950731.46KAZVODKHOZ RGP67107.88KAZVODKHOZ RGP350383.14KAZVODKHOZ RGP247687.17KAZVODKHOZ RGP264443.19KAZVODKHOZ RGP63469.15KAZVODKHOZ RGP235520.46KAZVODKHOZ RGP226273.54KAZVODKHOZ RGP236566.94KAZVODKHOZ RGP186399.02KAZVODKHOZ RGP124127.1KAZVODKHOZ RGP584790.62KAZVODKHOZ RGP139531.5KAZVODKHOZ RGP521805.69KAZVODKHOZ RGP60395.74KAZVODKHOZ RGP671604.32KAZVODKHOZ RGP95463.9KAZVODKHOZ RGP285833.03KAZVODKHOZ RGP685973.94KAZVODKHOZ RGP579797.36KAZVODKHOZ RGP614044.16KAZVODKHOZ RGP271042.92KAZVODKHOZ RGP62029.41KAZVODKHOZ RGP54546.66KAZVODKHOZ RGP40257.25KAZVODKHOZ RGP297223.93KAZVODKHOZ RGP395918.14KAZVODKHOZ RGP203987.56KAZVODKHOZ RGP39643.51KAZVODKHOZ RGP836771.07KAZVODKHOZ RGP972033.84KAZVODKHOZ RGP105803.18KAZVODKHOZ RGP1497515.41KAZVODKHOZ RGP134693.58KAZVODKHOZ RGP49803.22KAZVODKHOZ RGP73244.67KAZVODKHOZ RGP64359.87KAZVODKHOZ RGP719471.07KAZVODKHOZ RGP1316814.1KAZVODKHOZ RGP733674.09KAZVODKHOZ RGP363527.65KAZVODKHOZ RGP248884.22KAZVODKHOZ RGP7134103.49KAZVODKHOZ RGP259358.75KAZVODKHOZ RGPSTATESTATESTATESTATEA loan of up to USD 180 million to RGP Kazvodkhoz (the "Company" or the "Borrower"), wholly owned by the Government of Kazakhstan, for rehabilitation of the irrigation water conveyance infrastructure in South Kazakhstan, Zhambyl and Aktobe regions of Kazakhstan (the "Project"). The loan will be backed by a sovereign guarantee. The Project will help the Company to rehabilitate irrigation water conveyance infrastructure in South Kazakhstan, Zhambyl and Aktobe regions, provide rural employment, and make the water system more efficient and resilient to the impacts of climate change. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48089XI-IATI-EBRD-54727European Bank for Reconstruction and DevelopmentThe provision of a sovereign loan of up to US$ 250 million to the Republic of Uzbekistan for the benefit of the Ministry of Water Resources (MWR), to finance the modernisation of pumping stations (PSs) for irrigation water conveyance (IWC) in 10 regions of Uzbekistan. The project complements the second phase to the ongoing EBRD transaction (Phase I) which covers the modernisation of 118 PSs in the three regions of Fergana Valley in the country. The project is expected to enhance the resilience to climate change by improving energy and water efficiency in the national IWC system.European Bank for Reconstruction and DevelopmentUZBEKISTAN SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.21627138667600.46140068283.29UZBEKISTAN SOVEREIGN1400682.83UZBEKISTAN SOVEREIGNSTATESTATESTATESTATEThe provision of a sovereign loan of up to US$ 250 million to the Republic of Uzbekistan for the benefit of the Ministry of Water Resources (MWR), to finance the modernisation of pumping stations (PSs) for irrigation water conveyance (IWC) in 10 regions of Uzbekistan. The project complements the second phase to the ongoing EBRD transaction (Phase I) which covers the modernisation of 118 PSs in the three regions of Fergana Valley in the country. The project is expected to enhance the resilience to climate change by improving energy and water efficiency in the national IWC system. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54727XI-IATI-EBRD-53454European Bank for Reconstruction and DevelopmentThe provision of a senior loan of up to US$ 3.0 million to Arvand Bank, of which up to US$ 2.25 million to be provided by the EBRD and up to US$ 0.75 million by the Green Climate Fund (GCF) under the GCF-Green Economy Financing Facility (GEFF) Regional Framework (Tajikistan). The proposed operation complies with the GCF GEFF Regional Framework criteria. This is a second loan under GCF GEFF Regional Framework to Arvand which follows the successful utilisation of the first loan signed in early 2021. Proceeds of the loan will be on-lent to private sector sub-borrowers in line with the GEFF Policy Statement. The project objective is to promote investments in efficient climate change mitigation and adaptation technologies. The transaction will support further expansion of Arvand's product offerings with green lending products, in a gender responsive way.European Bank for Reconstruction and DevelopmentARVAND BANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKHUJAND40.28256 69.622162177512.39ARVAND BANK CJSCPRIVATEPRIVATEPRIVATEThe provision of a senior loan of up to US$ 3.0 million to Arvand Bank, of which up to US$ 2.25 million to be provided by the EBRD and up to US$ 0.75 million by the Green Climate Fund (GCF) under the GCF-Green Economy Financing Facility (GEFF) Regional Framework (Tajikistan). The proposed operation complies with the GCF GEFF Regional Framework criteria. This is a second loan under GCF GEFF Regional Framework to Arvand which follows the successful utilisation of the first loan signed in early 2021. Proceeds of the loan will be on-lent to private sector sub-borrowers in line with the GEFF Policy Statement. The project objective is to promote investments in efficient climate change mitigation and adaptation technologies. The transaction will support further expansion of Arvand's product offerings with green lending products, in a gender responsive way. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53454XI-IATI-EBRD-51959European Bank for Reconstruction and DevelopmentThe provision of a four-year senior loan of up to US$ 25 million to Joint Stock Commercial Bank UzPromStroyBank (UzPSB). The loan will be provided in two tranches of US$ 10 million and US$ 15 million, the second tranche will be uncommitted.The loan will be provided under the Green Economy Financing Facility (GEFF) in Uzbekistan. The proceeds of the loan will be on-lent to eligible Sub-borrowers implementing qualifying Sub-projects in line with the technical and financial eligibility criteria. The loan will be provided in either US$ or in the local currency. The Loan will enable UzPSB to enhance its product range and provide term financing to private clients in the country for investments in climate change mitigation and adaptation technologies and services supporting Green Economy Transition.European Bank for Reconstruction and DevelopmentUZBEK INDUSTRIAL AND CONSTRUCTION BANK JSCB (UZPROMSTROYBANK)European Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.2162721031783.97UZBEK INDUSTRIAL AND CONSTRUCTION BANK JSCB (UZPROMSTROYBANK)PRIVATEPRIVATEPRIVATEThe provision of a four-year senior loan of up to US$ 25 million to Joint Stock Commercial Bank UzPromStroyBank (UzPSB). The loan will be provided in two tranches of US$ 10 million and US$ 15 million, the second tranche will be uncommitted.The loan will be provided under the Green Economy Financing Facility (GEFF) in Uzbekistan. The proceeds of the loan will be on-lent to eligible Sub-borrowers implementing qualifying Sub-projects in line with the technical and financial eligibility criteria. The loan will be provided in either US$ or in the local currency. The Loan will enable UzPSB to enhance its product range and provide term financing to private clients in the country for investments in climate change mitigation and adaptation technologies and services supporting Green Economy Transition. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51959XI-IATI-EBRD-53476European Bank for Reconstruction and DevelopmentThe EBRD invested EUR 5.5 million (RON 27.33 million) in the City of Bucharest's (the "City") EUR 112 million (RON 555 million) bond issuance. The bond has a 10-year maturity and was launched to refinance the City's 7-year bond tranche, maturing on 4 May 2022. It is part of the City's Bond Programme in which the EBRD is an existing investor. As part of the Bank's decision to invest, the Bank will mobilise technical assistance to support the City of Bucharest in developing a Green City Action Plan ("GCAP") as set forth in a Framework Agreement. The GCAP will articulate the City's vision, strategic objectives and priority actions and investments to address its priority environmental challenges. The bonds will be listed on the Bucharest Stock Exchange by the end of April 2022. Null ValueEuropean Bank for Reconstruction and DevelopmentCITY OF BUCHARESTEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUCHAREST44.43225 26.1062652967668.72CITY OF BUCHAREST5296766.87CITY OF BUCHARESTSTATESTATESTATESTATEThe EBRD invested EUR 5.5 million (RON 27.33 million) in the City of Bucharest's (the "City") EUR 112 million (RON 555 million) bond issuance. The bond has a 10-year maturity and was launched to refinance the City's 7-year bond tranche, maturing on 4 May 2022. It is part of the City's Bond Programme in which the EBRD is an existing investor. As part of the Bank's decision to invest, the Bank will mobilise technical assistance to support the City of Bucharest in developing a Green City Action Plan ("GCAP") as set forth in a Framework Agreement. The GCAP will articulate the City's vision, strategic objectives and priority actions and investments to address its priority environmental challenges. The bonds will be listed on the Bucharest Stock Exchange by the end of April 2022. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53476XI-IATI-EBRD-49511European Bank for Reconstruction and DevelopmentThe provision of a sovereign loan of up to US$ 10 million (€ 8.3 million) to the state of Mongolia to be on-lent to the Ulaanbaatar District Heating Company (the "Company" or "UBDH"), Company's Priority Investment Programme ("PIP") includes i) the rehabilitation and the replacement of selected sections of the district heating network, (ii) the installation of an energy-efficient booster pumping station, (iii) other auxiliary investments, such as upgrading of central heating substations ("CHS") or installing individual heating substations ("IHS") in buildings directly connected to the UBDH network, (iv) the construction of a new energy centre to serve the north of the city and (v) the installation of DH accumulators, which could store heat energy either produced during the night hours when the cost of electricity is minimal or at times when CHP plants produce excess heat. The project is expected to be co-financed by a capital grant from bi-lateral or multilateral donors or the Special Shareholder Fund (or a combination of donor funding) amounting up to US$ 5 million (€ 4.5 million). The Project is expected to improve the quality of the Company's service by modernising the central DH infrastructure.European Bank for Reconstruction and DevelopmentMONGOLIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGULAANBAATAR47.90771 106.88324443813.078754267.71MONGOLIA SOVEREIGN686924.41MONGOLIA SOVEREIGN927626MONGOLIA SOVEREIGN446301.15MONGOLIA SOVEREIGN229045.67MONGOLIA SOVEREIGN565327.01MONGOLIA SOVEREIGN1008239.46MONGOLIA SOVEREIGN494085.27MONGOLIA SOVEREIGN358113.31MONGOLIA SOVEREIGN321055.48MONGOLIA SOVEREIGN165512.36MONGOLIA SOVEREIGN321487.26MONGOLIA SOVEREIGN44742.22MONGOLIA SOVEREIGN82851.4MONGOLIA SOVEREIGN123500.93MONGOLIA SOVEREIGN161719.08MONGOLIA SOVEREIGN165624.28MONGOLIA SOVEREIGN238096.72MONGOLIA SOVEREIGN170867.68MONGOLIA SOVEREIGN202929.25MONGOLIA SOVEREIGN119436.37MONGOLIA SOVEREIGN119224.42MONGOLIA SOVEREIGN338020.36MONGOLIA SOVEREIGN310966.19MONGOLIA SOVEREIGN159241.6MONGOLIA SOVEREIGN99906.96MONGOLIA SOVEREIGN156805.34MONGOLIA SOVEREIGN123547.39MONGOLIA SOVEREIGN33438.69MONGOLIA SOVEREIGN135818.38MONGOLIA SOVEREIGNSTATESTATESTATESTATEThe provision of a sovereign loan of up to US$ 10 million (€ 8.3 million) to the state of Mongolia to be on-lent to the Ulaanbaatar District Heating Company (the "Company" or "UBDH"), Company's Priority Investment Programme ("PIP") includes i) the rehabilitation and the replacement of selected sections of the district heating network, (ii) the installation of an energy-efficient booster pumping station, (iii) other auxiliary investments, such as upgrading of central heating substations ("CHS") or installing individual heating substations ("IHS") in buildings directly connected to the UBDH network, (iv) the construction of a new energy centre to serve the north of the city and (v) the installation of DH accumulators, which could store heat energy either produced during the night hours when the cost of electricity is minimal or at times when CHP plants produce excess heat. The project is expected to be co-financed by a capital grant from bi-lateral or multilateral donors or the Special Shareholder Fund (or a combination of donor funding) amounting up to US$ 5 million (€ 4.5 million). The Project is expected to improve the quality of the Company's service by modernising the central DH infrastructure. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49511XI-IATI-EBRD-50878European Bank for Reconstruction and DevelopmentA loan of up to EUR 8.7 million to Rousse Water Supply and Sanitation Company, 51 per cent state / 49 per cent municipal-owned company, sole provider of water supply, waste water collection and treatment services in Rousse region. The proceeds of the loan are used for co-financing priority investments in water supply and sanitation infrastructure, jointly with investment grants under Operational Programme Environment 2014-2020, or the EU Investment Project, as well as for funding a project for rehabilitation of a water supply main, or the Rehabilitation Project. The EU Investment Project is financed with the EBRD's own capital recourse and funds from the European Structural and Investment Funds and the national budget of the Republic of Bulgaria (jointly referred to as ESIF contributions), while the Rehabilitation Project is fully funded by the Bank. The main objectives of both projects are: (a) reduction of non-revenue water and provision of constant water supply to all end users, hence fulfilling requirements of EU Directives 98/83/EC (Drinking Water Directive) and (b) connecting additional population to waste water services and treatment infrastructure, thus reaching compliance with EU Directive 91/271/EEC (EU Waste Water Treatment Directive).European Bank for Reconstruction and DevelopmentWATER AND SEWAGE COMPANY OF THE CITY OF ROUSSEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGROUSSE43.84872 25.95345900000WATER AND SEWAGE COMPANY OF THE CITY OF ROUSSE306195.33WATER AND SEWAGE COMPANY OF THE CITY OF ROUSSE441647.1WATER AND SEWAGE COMPANY OF THE CITY OF ROUSSE473553.76WATER AND SEWAGE COMPANY OF THE CITY OF ROUSSE409451.96WATER AND SEWAGE COMPANY OF THE CITY OF ROUSSE393973.82WATER AND SEWAGE COMPANY OF THE CITY OF ROUSSE437084.42WATER AND SEWAGE COMPANY OF THE CITY OF ROUSSE325942.75WATER AND SEWAGE COMPANY OF THE CITY OF ROUSSE362973.6WATER AND SEWAGE COMPANY OF THE CITY OF ROUSSE332608.65WATER AND SEWAGE COMPANY OF THE CITY OF ROUSSE388868.91WATER AND SEWAGE COMPANY OF THE CITY OF ROUSSE242356.05WATER AND SEWAGE COMPANY OF THE CITY OF ROUSSE381376.8WATER AND SEWAGE COMPANY OF THE CITY OF ROUSSE448598.85WATER AND SEWAGE COMPANY OF THE CITY OF ROUSSE400626.11WATER AND SEWAGE COMPANY OF THE CITY OF ROUSSE220598.24WATER AND SEWAGE COMPANY OF THE CITY OF ROUSSESTATESTATESTATESTATEA loan of up to EUR 8.7 million to Rousse Water Supply and Sanitation Company, 51 per cent state / 49 per cent municipal-owned company, sole provider of water supply, waste water collection and treatment services in Rousse region. The proceeds of the loan are used for co-financing priority investments in water supply and sanitation infrastructure, jointly with investment grants under Operational Programme Environment 2014-2020, or the EU Investment Project, as well as for funding a project for rehabilitation of a water supply main, or the Rehabilitation Project. The EU Investment Project is financed with the EBRD's own capital recourse and funds from the European Structural and Investment Funds and the national budget of the Republic of Bulgaria (jointly referred to as ESIF contributions), while the Rehabilitation Project is fully funded by the Bank. The main objectives of both projects are: (a) reduction of non-revenue water and provision of constant water supply to all end users, hence fulfilling requirements of EU Directives 98/83/EC (Drinking Water Directive) and (b) connecting additional population to waste water services and treatment infrastructure, thus reaching compliance with EU Directive 91/271/EEC (EU Waste Water Treatment Directive). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50878XI-IATI-EBRD-53302European Bank for Reconstruction and DevelopmentThe provision of a senior loan up to US$ 4.0 million to MDO HUMO, of which up to US$ 3.0 million to be provided by the EBRD and up to US$ 1 million by the Green Climate Fund (GCF) under the GCF-Green Economy Financing Facility (GEFF) Regional Framework. Proceeds of the loan will be on-lent under GEFF Tajikistan to private sector sub-borrowers (individuals/ SMEs/corporates) for investments in climate change mitigation and adaptation technologies and services in a gender-responsive way. HUMO will benefit from technical cooperation in form of trainings, capacity building and support for project implementation from the dedicated programme consultants.European Bank for Reconstruction and DevelopmentHUMO BANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGDUSHANBE38.53575 68.779052260120.32HUMO BANK CJSCPRIVATEPRIVATEPRIVATEThe provision of a senior loan up to US$ 4.0 million to MDO HUMO, of which up to US$ 3.0 million to be provided by the EBRD and up to US$ 1 million by the Green Climate Fund (GCF) under the GCF-Green Economy Financing Facility (GEFF) Regional Framework. Proceeds of the loan will be on-lent under GEFF Tajikistan to private sector sub-borrowers (individuals/ SMEs/corporates) for investments in climate change mitigation and adaptation technologies and services in a gender-responsive way. HUMO will benefit from technical cooperation in form of trainings, capacity building and support for project implementation from the dedicated programme consultants. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53302XI-IATI-EBRD-47949European Bank for Reconstruction and DevelopmentThe EBRD is providing a senior loan of up to USD 25 million to Clean Energy Asia LLC (the "Company") to support the development, construction and operation of the Tsetsii Wind Farm, a 50MW wind power plant to be located 542 km south from Mongolia's capital Ulaanbaatar in the Gobi desert. The Tsetsii Wind Farm will be the second wind energy project developed in Mongolia, following the 50 MW Salkhit Wind Farm project, which the EBRD financed in 2012. The operation will contribute to reducing Mongolia's carbon intensity as well as meeting its increasing power demand. In addition, the project will also strengthen the private sector presence in the energy sector in the country.European Bank for Reconstruction and DevelopmentCLEAN ENERGY ASIA LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGULAANBAATAR47.90771 106.8832421885669.26CLEAN ENERGY ASIA LLCPRIVATEPRIVATEPRIVATEThe EBRD is providing a senior loan of up to USD 25 million to Clean Energy Asia LLC (the "Company") to support the development, construction and operation of the Tsetsii Wind Farm, a 50MW wind power plant to be located 542 km south from Mongolia's capital Ulaanbaatar in the Gobi desert. The Tsetsii Wind Farm will be the second wind energy project developed in Mongolia, following the 50 MW Salkhit Wind Farm project, which the EBRD financed in 2012. The operation will contribute to reducing Mongolia's carbon intensity as well as meeting its increasing power demand. In addition, the project will also strengthen the private sector presence in the energy sector in the country. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47949XI-IATI-EBRD-54648European Bank for Reconstruction and DevelopmentThe project entails the provision of a senior secured loan of up to US$ 55.4 million on a project finance basis, comprised of a Bash WPP Extension tranche of up to US$ 34.2 million and an Electrolyser tranche of up to US$ 21.2 million, to finance the construction of an integrated renewable hydrogen production facility consisting of a 20 MW electrolyser fed by greenfield 52 MW wind power plant to produce around 3,000 tonnes of renewable hydrogen annually. The electrolyser will be located in the Chirchiq City, Tashkent region, and the wind power plant will be in the Gijduvon district, Bukhara region. The wind facility will be collocated with the existing 500 MW EBRD-financed Uzbekistan Bash WPP. Through the financing of the integrated renewable hydrogen production facility, the project aims to support: a) a first-of-its-kind renewable hydrogen production project in Uzbekistan and across Central Asia, providing a critical demonstration effect to stimulate further projects. b) the decarbonisation of Uzbekistan's ammonia sector. c) increased renewable energy generation.European Bank for Reconstruction and DevelopmentACWA POWER UKS GREEN H2 LLC JVEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.21627157087.4618519256.77ACWA POWER UKS GREEN H2 LLC JVPRIVATEPRIVATEPRIVATEThe project entails the provision of a senior secured loan of up to US$ 55.4 million on a project finance basis, comprised of a Bash WPP Extension tranche of up to US$ 34.2 million and an Electrolyser tranche of up to US$ 21.2 million, to finance the construction of an integrated renewable hydrogen production facility consisting of a 20 MW electrolyser fed by greenfield 52 MW wind power plant to produce around 3,000 tonnes of renewable hydrogen annually. The electrolyser will be located in the Chirchiq City, Tashkent region, and the wind power plant will be in the Gijduvon district, Bukhara region. The wind facility will be collocated with the existing 500 MW EBRD-financed Uzbekistan Bash WPP. Through the financing of the integrated renewable hydrogen production facility, the project aims to support: a) a first-of-its-kind renewable hydrogen production project in Uzbekistan and across Central Asia, providing a critical demonstration effect to stimulate further projects. b) the decarbonisation of Uzbekistan's ammonia sector. c) increased renewable energy generation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54648XI-IATI-EBRD-56004European Bank for Reconstruction and DevelopmentThe provision of a senior unsecured loan of up to USD 70m to Khan Bank JSC ("KB" or the "Company") under the Central Asia Women in Business Programme under the Financial Intermediary Framework ("FIF", OpId 47424) (the "WiB loan" or the "Project"). The WiB loan will be granted in two equal tranches, of which the second will be uncommitted. The project will promote the competitiveness of the local economy and contribute to the financial inclusion of underserved female entrepreneurs.European Bank for Reconstruction and DevelopmentKHAN BANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGULAANBAATAR47.90771 106.8832461279873.94KHAN BANK JSCPRIVATEPRIVATEPRIVATEThe provision of a senior unsecured loan of up to USD 70m to Khan Bank JSC ("KB" or the "Company") under the Central Asia Women in Business Programme under the Financial Intermediary Framework ("FIF", OpId 47424) (the "WiB loan" or the "Project"). The WiB loan will be granted in two equal tranches, of which the second will be uncommitted. The project will promote the competitiveness of the local economy and contribute to the financial inclusion of underserved female entrepreneurs. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56004XI-IATI-EBRD-55194European Bank for Reconstruction and DevelopmentProvision of a senior loan of up to US$ 1 million (in TJS equivalent) to Humo under the Financial Intermediaries Framework (FIF). The proceeds of the Bank's investment will be used for on-lending to local private MSMEs (EU definition) in financially underserved regions in Tajikistan, in accordance with the requirements of the FIF Policy Statement. The MSME Loan IV will enable Humo to maintain diversification of its funding base, extend duration of its liabilities and expand financing of MSMEs in Tajikistan at a multiple of the EBRD financing.European Bank for Reconstruction and DevelopmentHUMO BANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGDUSHANBE38.53575 68.779051006371.44HUMO BANK CJSCPRIVATEPRIVATEPRIVATEProvision of a senior loan of up to US$ 1 million (in TJS equivalent) to Humo under the Financial Intermediaries Framework (FIF). The proceeds of the Bank's investment will be used for on-lending to local private MSMEs (EU definition) in financially underserved regions in Tajikistan, in accordance with the requirements of the FIF Policy Statement. The MSME Loan IV will enable Humo to maintain diversification of its funding base, extend duration of its liabilities and expand financing of MSMEs in Tajikistan at a multiple of the EBRD financing. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55194XI-IATI-EBRD-57303European Bank for Reconstruction and DevelopmentThe provision of a US$ 10m senior secured long-term loan to Texnomart LLC, a retailer of consumer electronics and home appliances in Uzbekistan, to finance its omnichannel capabilities, the enhancement of infrastructure and working capital to support the expansion of product range. The project aims to strengthen the company's competitive position, improve operational efficiency and service quality, and support sustainable growth via facilitating access to market relevant skills.European Bank for Reconstruction and DevelopmentTEXNOMART LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.216274377133.85TEXNOMART LLCPRIVATEPRIVATEPRIVATEThe provision of a US$ 10m senior secured long-term loan to Texnomart LLC, a retailer of consumer electronics and home appliances in Uzbekistan, to finance its omnichannel capabilities, the enhancement of infrastructure and working capital to support the expansion of product range. The project aims to strengthen the company's competitive position, improve operational efficiency and service quality, and support sustainable growth via facilitating access to market relevant skills. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57303XI-IATI-EBRD-53062European Bank for Reconstruction and DevelopmentThe provision of long-term senior debt of up to US$ 34.3 million for the development, construction and operation of a solar photovoltaic power plant with an installed capacity of 220 MW on a site located in the Samarkand region of Uzbekistan ("Project"). The Project will be developed by a newly established special purpose vehicle in Uzbekistan, which will act as the borrower for the project financings. Abu Dhabi Future Energy Company PJSC (Masdar) will act as the sponsor for the Project. The Project will contribute to the strategic priority of the government of Uzbekistan to increase the share of renewable projects in the national energy mix. It will contribute to the mitigation of climate change impact by adding 220 MW of solar generation capacity to the national energy system and will assist the country in its low-carbon transition drive.European Bank for Reconstruction and DevelopmentNUR SAMARKAND SOLAR PV FE LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.2162724716693.51NUR SAMARKAND SOLAR PV FE LLCPRIVATEPRIVATEPRIVATEThe provision of long-term senior debt of up to US$ 34.3 million for the development, construction and operation of a solar photovoltaic power plant with an installed capacity of 220 MW on a site located in the Samarkand region of Uzbekistan ("Project"). The Project will be developed by a newly established special purpose vehicle in Uzbekistan, which will act as the borrower for the project financings. Abu Dhabi Future Energy Company PJSC (Masdar) will act as the sponsor for the Project. The Project will contribute to the strategic priority of the government of Uzbekistan to increase the share of renewable projects in the national energy mix. It will contribute to the mitigation of climate change impact by adding 220 MW of solar generation capacity to the national energy system and will assist the country in its low-carbon transition drive. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53062XI-IATI-EBRD-56936European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to €10 million to 3 Banka for on-lending to the residential sector in Serbia under the Western Balkans Green Economy Financing Facility III - REpower ("WB GEFF III"). The proceeds of the loan will be used to provide financing to 3 Banka for gender-responsive on-lending to eligible sub-borrowers in the residential sector for investments supporting Green Economy Transition ("GET") - eligible residential renewable energies and energy efficient technologies.European Bank for Reconstruction and Development3 BANKA ADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGNOVI SAD45.25167 19.8369429819893 BANKA ADPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to €10 million to 3 Banka for on-lending to the residential sector in Serbia under the Western Balkans Green Economy Financing Facility III - REpower ("WB GEFF III"). The proceeds of the loan will be used to provide financing to 3 Banka for gender-responsive on-lending to eligible sub-borrowers in the residential sector for investments supporting Green Economy Transition ("GET") - eligible residential renewable energies and energy efficient technologies. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56936XI-IATI-EBRD-50025European Bank for Reconstruction and DevelopmentProvision of financing for the construction of a 100 MW solar power plant in the Zhambyl region of Southern Kazakhstan (the "Project") in the form of an up to EUR 50 million senior loan. The Asian Development Bank will provide the remaining portion of debt in KZT equivalent to co-finance the project. Located in the electricity-constrained southern part of the country, the Project will help reduce dependence on electricity import from other regions (mostly coal fired plants in the North) and reduce associated transmission losses.European Bank for Reconstruction and DevelopmentM-KAT GREEN LLPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAN49.7908 72.8374438843141.96M-KAT GREEN LLPPRIVATEPRIVATEPRIVATEProvision of financing for the construction of a 100 MW solar power plant in the Zhambyl region of Southern Kazakhstan (the "Project") in the form of an up to EUR 50 million senior loan. The Asian Development Bank will provide the remaining portion of debt in KZT equivalent to co-finance the project. Located in the electricity-constrained southern part of the country, the Project will help reduce dependence on electricity import from other regions (mostly coal fired plants in the North) and reduce associated transmission losses. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50025XI-IATI-EBRD-51011European Bank for Reconstruction and DevelopmentProvision of two loans of up to US$70 million, in aggregate, to FE Indorama Agro LLC to support its capital expenditure and working capital needs. The project will support a significant private sector investment into the cotton farming sector in Uzbekistan. It will promote mechanised cotton harvesting and bring significant environmental and operational improvements including: (i) land levelling and alternative irrigation systems to optimise water use; (ii) effective application of fertilisers; (iii) upgrades of water delivery and melioration systems; and (iv) improved crops stock management.European Bank for Reconstruction and DevelopmentFE INDORAMA AGRO LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.216278754267.71FE INDORAMA AGRO LLCPRIVATEPRIVATEPRIVATEProvision of two loans of up to US$70 million, in aggregate, to FE Indorama Agro LLC to support its capital expenditure and working capital needs. The project will support a significant private sector investment into the cotton farming sector in Uzbekistan. It will promote mechanised cotton harvesting and bring significant environmental and operational improvements including: (i) land levelling and alternative irrigation systems to optimise water use; (ii) effective application of fertilisers; (iii) upgrades of water delivery and melioration systems; and (iv) improved crops stock management. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51011XI-IATI-EBRD-56822European Bank for Reconstruction and DevelopmentProvision of a senior loan in the amount of up to €10 million to Procredit Bank Serbia ("PCBS"), under the Go Digital in the Western Balkans programme ("Go Digital in WB"). The transaction will support the aim of the Programme to: (i) advance innovation and competitiveness of the private sector via targeted investments and increased awareness-raising among SMEs for a higher utilisation of digitalisation and automation technologies; (ii) support the transition to a green economy ("GET technologies"); (iii) increase the capacity and trade potential of SMEs via increased access to finance to allow them to invest additional resources to introduce EU standards; and (iv) promote more equitable access to finance for automation and digitalisation investments for women-led SMEs, improving the competitiveness and sustainability of end-benecifiaries' business operations.European Bank for Reconstruction and DevelopmentPROCREDIT BANK AD BELGRADEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.465138000000PROCREDIT BANK AD BELGRADEPRIVATEPRIVATEPRIVATEProvision of a senior loan in the amount of up to €10 million to Procredit Bank Serbia ("PCBS"), under the Go Digital in the Western Balkans programme ("Go Digital in WB"). The transaction will support the aim of the Programme to: (i) advance innovation and competitiveness of the private sector via targeted investments and increased awareness-raising among SMEs for a higher utilisation of digitalisation and automation technologies; (ii) support the transition to a green economy ("GET technologies"); (iii) increase the capacity and trade potential of SMEs via increased access to finance to allow them to invest additional resources to introduce EU standards; and (iv) promote more equitable access to finance for automation and digitalisation investments for women-led SMEs, improving the competitiveness and sustainability of end-benecifiaries' business operations. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56822XI-IATI-EBRD-53370European Bank for Reconstruction and DevelopmentProvision of up to EUR 25 million unsecured loan under the GCF GEFF Regional- Morocco II framework to Credit du Maroc (CdM), of which up to EUR 18,750,000 equivalent in MAD to be provided by EBRD and up to EUR 6,250,000 by the Green Climate Fund ("GCF") under the GCF-Green Economy Financing Facility ("GEFF") Regional Framework. The proceeds of the GCF GEFF loan will be on-lent to private companies to finance Green Economy investments in climate change mitigation and adaptation technologies. The project will facilitate a green economy in Morocco by on lending to individuals and private sector sub-borrowers to implement green investments in energy efficiency, renewable energy and climate resilience measures.European Bank for Reconstruction and DevelopmentCREDIT DU MAROCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCASABLANCA33.58831 -7.6113818861757.82CREDIT DU MAROCPRIVATEPRIVATEPRIVATEProvision of up to EUR 25 million unsecured loan under the GCF GEFF Regional- Morocco II framework to Credit du Maroc (CdM), of which up to EUR 18,750,000 equivalent in MAD to be provided by EBRD and up to EUR 6,250,000 by the Green Climate Fund ("GCF") under the GCF-Green Economy Financing Facility ("GEFF") Regional Framework. The proceeds of the GCF GEFF loan will be on-lent to private companies to finance Green Economy investments in climate change mitigation and adaptation technologies. The project will facilitate a green economy in Morocco by on lending to individuals and private sector sub-borrowers to implement green investments in energy efficiency, renewable energy and climate resilience measures. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53370XI-IATI-EBRD-56911European Bank for Reconstruction and DevelopmentEquity investment of EUR 16.4m in RON equiv (5% stake) in an Initial Public Offering (IPO) of Electro Alfa International SA on the Bucharest Stock Exchange. The project supports the Company in raising funds for its investment plan via an IPO and contributes to local capital market development in Romania.European Bank for Reconstruction and DevelopmentELECTRO-ALFA INTERNATIONAL SRLEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBOTOSANI47.74847 26.6692616394354.58ELECTRO-ALFA INTERNATIONAL SRLPRIVATEPRIVATEPRIVATEEquity investment of EUR 16.4m in RON equiv (5% stake) in an Initial Public Offering (IPO) of Electro Alfa International SA on the Bucharest Stock Exchange. The project supports the Company in raising funds for its investment plan via an IPO and contributes to local capital market development in Romania. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56911XI-IATI-EBRD-49730European Bank for Reconstruction and DevelopmentA senior loan of up to KZT 14 billion (equivalent to EUR 35 million) to support business transformation and development of Mangistauskaya Regional Distribution Company (MREK) following its privatisation by Kazakhstan Utility Systems (KKS), a private power utility in Kazakhstan. The project will support the modernisation and energy efficiency improvements of distribution networks, including the installation of modern automatic control systems and smart meters. Proceeds of the loan will be used to cover the planned investment programme of newly-acquired MREK alongside a number of retroactively financed capital expenditures.European Bank for Reconstruction and DevelopmentMANGISTAU REGIONAL ELECTRICITY NETWORK COMPANY JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGAKTAU43.65 51.1666722261214.17MANGISTAU REGIONAL ELECTRICITY NETWORK COMPANY JSCPRIVATEPRIVATEPRIVATEA senior loan of up to KZT 14 billion (equivalent to EUR 35 million) to support business transformation and development of Mangistauskaya Regional Distribution Company (MREK) following its privatisation by Kazakhstan Utility Systems (KKS), a private power utility in Kazakhstan. The project will support the modernisation and energy efficiency improvements of distribution networks, including the installation of modern automatic control systems and smart meters. Proceeds of the loan will be used to cover the planned investment programme of newly-acquired MREK alongside a number of retroactively financed capital expenditures. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49730XI-IATI-EBRD-55440European Bank for Reconstruction and DevelopmentThe provision of a senior loan of US$ 15 million equivalent to Davr Bank to be used for on-lending to eligible youth-led/owned micro, small and medium-sized enterprises (MSMEs) in Uzbekistan. The loan will enable DAVR Bank to finance youth-led/owned businesses in Uzbekistan. The bank will benefit from comprehensive TC support to develop an internal capacity for financing youth-led businesses and to contribute to the improvement in access to finance for young entrepreneurs in Uzbekistan.European Bank for Reconstruction and DevelopmentDAVR BANK PJSCBEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.2162713956565.91DAVR BANK PJSCBPRIVATEPRIVATEPRIVATEThe provision of a senior loan of US$ 15 million equivalent to Davr Bank to be used for on-lending to eligible youth-led/owned micro, small and medium-sized enterprises (MSMEs) in Uzbekistan. The loan will enable DAVR Bank to finance youth-led/owned businesses in Uzbekistan. The bank will benefit from comprehensive TC support to develop an internal capacity for financing youth-led businesses and to contribute to the improvement in access to finance for young entrepreneurs in Uzbekistan. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55440XI-IATI-EBRD-48100European Bank for Reconstruction and DevelopmentA senior secured loan of up to USD 68 million to Green Watts Renewable Energy LLC to finance the construction of an 82 MW wind farm (the Project) in Jordan near the village of Al Rajef in the Ma'an Governorate, approximately 200 km south of Amman. The project will sell all its power under a long-term power purchase agreement to the Jordanian National Electricity Power Company. The Project will support Jordan in increasing its electricity generation capacity from clean, renewable sources and reducing reliance on hydrocarbon imports.European Bank for Reconstruction and DevelopmentGREEN WATTS RENEWABLE ENERGY LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGAMMAN31.95522 35.945030.0160771575.77GREEN WATTS RENEWABLE ENERGY LLCPRIVATEPRIVATEPRIVATEA senior secured loan of up to USD 68 million to Green Watts Renewable Energy LLC to finance the construction of an 82 MW wind farm (the Project) in Jordan near the village of Al Rajef in the Ma'an Governorate, approximately 200 km south of Amman. The project will sell all its power under a long-term power purchase agreement to the Jordanian National Electricity Power Company. The Project will support Jordan in increasing its electricity generation capacity from clean, renewable sources and reducing reliance on hydrocarbon imports. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48100XI-IATI-EBRD-56153European Bank for Reconstruction and DevelopmentThe participation of €25 million in the Schuldschein, a German law senior unsecured loan notes, issued by Zeppelin GmbH (Zeppelin). The Bank's financing will support Zeppelin's operations in Uzbekistan, Armenia, Ukraine and other EBRD countries of operation.European Bank for Reconstruction and DevelopmentZEPPELIN GMBHEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.2162725000000ZEPPELIN GMBHPRIVATEPRIVATEPRIVATEThe participation of €25 million in the Schuldschein, a German law senior unsecured loan notes, issued by Zeppelin GmbH (Zeppelin). The Bank's financing will support Zeppelin's operations in Uzbekistan, Armenia, Ukraine and other EBRD countries of operation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56153XI-IATI-EBRD-53690European Bank for Reconstruction and DevelopmentProvision of a long-term senior loan of EUR 4 million to Voli, to be used for the purchase and installation of solar panels across the company's stores and distribution centre. The main objective of the project is to support Voli's green investment programme, enabling the company to tackle climate change issues using renewable energy sources.European Bank for Reconstruction and DevelopmentVOLI TRADE DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPODGORICA42.44111 19.263612448677.274000000VOLI TRADE DOOPRIVATEPRIVATEPRIVATEProvision of a long-term senior loan of EUR 4 million to Voli, to be used for the purchase and installation of solar panels across the company's stores and distribution centre. The main objective of the project is to support Voli's green investment programme, enabling the company to tackle climate change issues using renewable energy sources. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53690XI-IATI-EBRD-54943European Bank for Reconstruction and DevelopmentA construction bridge facility of up to EUR 12.2 million to the Borrower, a special purpose vehicle incorporated in Romania, with an addtional tranche of up to EUR 1.4 million to finance cash collateral required to issue a performance bond for the Contract-for-Difference ("CfD") contract. The bond will be dedicated for the construction and operation of 2 solar PV power plants with 60 MW in total capacity in Romania (the "Project"). The Project will contribute to climate mitigation by adding 60MW solar generation capacity to the Romanian national energy system.European Bank for Reconstruction and DevelopmentDANUBE SOLAR FIVE SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUCHAREST44.43225 26.10626127656412989537.97DANUBE SOLAR FIVE SAPRIVATEPRIVATEPRIVATEA construction bridge facility of up to EUR 12.2 million to the Borrower, a special purpose vehicle incorporated in Romania, with an addtional tranche of up to EUR 1.4 million to finance cash collateral required to issue a performance bond for the Contract-for-Difference ("CfD") contract. The bond will be dedicated for the construction and operation of 2 solar PV power plants with 60 MW in total capacity in Romania (the "Project"). The Project will contribute to climate mitigation by adding 60MW solar generation capacity to the Romanian national energy system. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54943XI-IATI-EBRD-55125European Bank for Reconstruction and DevelopmentProvision of a sovereign loan of up to EUR 50 million to the Republic of Kosovo, for the benefit of the Kosovo Energy Efficiency Fund ("KEEF"; "the Client") to finance energy efficiency ("EE") measures in up to 400 public buildings in Kosovo, including administrative, education and healthcare facilities at central and municipal levels, and publicly-owned enterprises (the "Project"). The Project will be co-financed with investment grants of up to EUR 20 million to be provided by the Regional Energy Efficiency Programme for the Western Balkans ("REEP"),, funded by the European Union and "Danish Fund for Kosovo" in Partnership for Green and Just Energy Transition in Kosovo. - Improvement of the environmental sustainability of public buildings in Kosovo by implementing EE measures that will lead to energy savings and reduction of CO2 emissions. - Improvement of the energy performance of the renovated buildings by at least two Energy Performance Certificate ("EPC") classes. - Improvement of comfort levels and quality in the renovated buildings, which is very important for buildings of this nature (children and healthcare).European Bank for Reconstruction and DevelopmentKOSOVO SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRISTINA42.67272 21.166882500000025000000KOSOVO SOVEREIGNSTATESTATESTATESTATEProvision of a sovereign loan of up to EUR 50 million to the Republic of Kosovo, for the benefit of the Kosovo Energy Efficiency Fund ("KEEF"; "the Client") to finance energy efficiency ("EE") measures in up to 400 public buildings in Kosovo, including administrative, education and healthcare facilities at central and municipal levels, and publicly-owned enterprises (the "Project"). The Project will be co-financed with investment grants of up to EUR 20 million to be provided by the Regional Energy Efficiency Programme for the Western Balkans ("REEP"),, funded by the European Union and "Danish Fund for Kosovo" in Partnership for Green and Just Energy Transition in Kosovo. - Improvement of the environmental sustainability of public buildings in Kosovo by implementing EE measures that will lead to energy savings and reduction of CO2 emissions. - Improvement of the energy performance of the renovated buildings by at least two Energy Performance Certificate ("EPC") classes. - Improvement of comfort levels and quality in the renovated buildings, which is very important for buildings of this nature (children and healthcare). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55125XI-IATI-EBRD-54529European Bank for Reconstruction and DevelopmentThe provision of a senior loan of up to USD 4.0m to Arvand Bank, of which up to USD 3m to be provided by the EBRD and up to USD 1m by the GCF under the GCF-Green Economy Financing Facility Regional Framework (GCF-GEFF Programme in Tajikistan II). The proposed operation complies with the GCF GEFF Regional Framework criteria. This is the third loan under the Framework to Arvand which follows the successful utilisation of the first loan signed in 2021 and the second one signed in 2022. Proceeds of the loan will be allocated to climate change mitigation and adaptation technologies. The transaction will support further expansion of Arvand's product offerings with green lending products, in a gender responsive way.European Bank for Reconstruction and DevelopmentARVAND BANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKHUJAND40.28256 69.622163098222.38ARVAND BANK CJSCPRIVATEPRIVATEPRIVATEThe provision of a senior loan of up to USD 4.0m to Arvand Bank, of which up to USD 3m to be provided by the EBRD and up to USD 1m by the GCF under the GCF-Green Economy Financing Facility Regional Framework (GCF-GEFF Programme in Tajikistan II). The proposed operation complies with the GCF GEFF Regional Framework criteria. This is the third loan under the Framework to Arvand which follows the successful utilisation of the first loan signed in 2021 and the second one signed in 2022. Proceeds of the loan will be allocated to climate change mitigation and adaptation technologies. The transaction will support further expansion of Arvand's product offerings with green lending products, in a gender responsive way. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54529XI-IATI-EBRD-55153European Bank for Reconstruction and DevelopmentThe provision of a senior unsecured loan of up to US$ 3.0m (in TJS equivalent) to FMFB under the Financial Intermediary Framework-Central Asian Women in Business (CA WiB) programme for on-lending to women-led MSMEs. The proposed CA WiB Loan represents the second WiB loan to FMFB following a successful realization of a pilot TajWiB loan in 2018. The transaction represents a continuation of the previous engagement, aiming to further support women-led MSMEs in Tajikistan by providing financing opportunities for their business activities and access to know-how.European Bank for Reconstruction and DevelopmentINVESTMENT AND CREDIT BANK OF TAJIKISTAN CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGDUSHANBE38.53575 68.779052965454.58INVESTMENT AND CREDIT BANK OF TAJIKISTAN CJSCPRIVATEPRIVATEPRIVATEThe provision of a senior unsecured loan of up to US$ 3.0m (in TJS equivalent) to FMFB under the Financial Intermediary Framework-Central Asian Women in Business (CA WiB) programme for on-lending to women-led MSMEs. The proposed CA WiB Loan represents the second WiB loan to FMFB following a successful realization of a pilot TajWiB loan in 2018. The transaction represents a continuation of the previous engagement, aiming to further support women-led MSMEs in Tajikistan by providing financing opportunities for their business activities and access to know-how. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55153XI-IATI-EBRD-46288European Bank for Reconstruction and DevelopmentThe EBRD is providing a project supporting the Khujand Trolleybus Company in order to improve public transport provision in Khujand City. A loan of up to USD 14.0 million in two tranches to the Company. The Republic of Tajikistan would provide a sovereign guarantee. The City, as owner of the Company, would sign a Project Support Agreement with the Bank. 1) Tranche I (committed) - a loan up to USD 7.0 million to be co-financed by a capital grant of USD 3.0 million from an international donor. 2) Tranche II (uncommitted) - a loan up to USD 7.0 million to be co-financed by a capital grant of USD 3.0 million from an international donor. The investment is to facilitate implementation of the project which will address urgent public transport rehabilitation needs. The overall objectives of this project are: a) Fleet renewal through introduction of new mid-size and/or large buses and reorganisation of the existing mini-buses into feeder services (operating secondary regular routes); b) Depot rehabilitation and equipment; c) Introduction of an integrated ticketing system covering all modes of public transport; and d) Corporate Development Programme to build operational and financial sustainability in the Company Null ValueEuropean Bank for Reconstruction and DevelopmentKHUJAND PUBLIC TRANSPORT SCEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKHUJAND40.28256 69.622163038265.7215319968.49KHUJAND PUBLIC TRANSPORT SCE153199.68KHUJAND PUBLIC TRANSPORT SCE2639712.15KHUJAND PUBLIC TRANSPORT SCE2322297.12KHUJAND PUBLIC TRANSPORT SCE171069.89KHUJAND PUBLIC TRANSPORT SCE2582999.21KHUJAND PUBLIC TRANSPORT SCE2418737.35KHUJAND PUBLIC TRANSPORT SCE140872.7KHUJAND PUBLIC TRANSPORT SCE35858.68KHUJAND PUBLIC TRANSPORT SCE500707.63KHUJAND PUBLIC TRANSPORT SCE54080.74KHUJAND PUBLIC TRANSPORT SCE191232.83KHUJAND PUBLIC TRANSPORT SCE103770.82KHUJAND PUBLIC TRANSPORT SCE50259.11KHUJAND PUBLIC TRANSPORT SCE178104.55KHUJAND PUBLIC TRANSPORT SCE99058.92KHUJAND PUBLIC TRANSPORT SCE106877.87KHUJAND PUBLIC TRANSPORT SCE167464.55KHUJAND PUBLIC TRANSPORT SCE304374.62KHUJAND PUBLIC TRANSPORT SCE61024.35KHUJAND PUBLIC TRANSPORT SCESTATESTATESTATESTATEThe EBRD is providing a project supporting the Khujand Trolleybus Company in order to improve public transport provision in Khujand City. A loan of up to USD 14.0 million in two tranches to the Company. The Republic of Tajikistan would provide a sovereign guarantee. The City, as owner of the Company, would sign a Project Support Agreement with the Bank. 1) Tranche I (committed) - a loan up to USD 7.0 million to be co-financed by a capital grant of USD 3.0 million from an international donor. 2) Tranche II (uncommitted) - a loan up to USD 7.0 million to be co-financed by a capital grant of USD 3.0 million from an international donor. The investment is to facilitate implementation of the project which will address urgent public transport rehabilitation needs. The overall objectives of this project are: a) Fleet renewal through introduction of new mid-size and/or large buses and reorganisation of the existing mini-buses into feeder services (operating secondary regular routes); b) Depot rehabilitation and equipment; c) Introduction of an integrated ticketing system covering all modes of public transport; and d) Corporate Development Programme to build operational and financial sustainability in the Company Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/46288XI-IATI-EBRD-53676European Bank for Reconstruction and DevelopmentProvision of a long-term senior unsecured loan of up to EUR 15 million to Unicredit Leasing Serbia ("UCL") for on-lending to small and medium-sized enterprises ("SMEs") in Serbia. The loan is envisaged under the Sustainable Reboot SME Programme ("Reboot SME"). The loan will be fully guaranteed by the parent, UniCredit Bank Serbia ("UCB"). The loan is intended to provide financing for on-lending to local SMEs for investments in environmental protection, workers' safety and product quality and safety in order to introduce and implement EU standards, which will boost SMEs' competitiveness in the country. At least 70% of the use of the proceeds is expected to be related to Green Economy Transition ("GET") investments.European Bank for Reconstruction and DevelopmentUNICREDIT LEASING SERBIA DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651315000000UNICREDIT LEASING SERBIA DOOPRIVATEPRIVATEPRIVATEProvision of a long-term senior unsecured loan of up to EUR 15 million to Unicredit Leasing Serbia ("UCL") for on-lending to small and medium-sized enterprises ("SMEs") in Serbia. The loan is envisaged under the Sustainable Reboot SME Programme ("Reboot SME"). The loan will be fully guaranteed by the parent, UniCredit Bank Serbia ("UCB"). The loan is intended to provide financing for on-lending to local SMEs for investments in environmental protection, workers' safety and product quality and safety in order to introduce and implement EU standards, which will boost SMEs' competitiveness in the country. At least 70% of the use of the proceeds is expected to be related to Green Economy Transition ("GET") investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53676XI-IATI-EBRD-54619European Bank for Reconstruction and DevelopmentSenior unsecured loan of up to EUR 1.0 million to Sparkasse Bank AD Skopje under the Western Balkans Green Economy Financing Facility II (WB GEFF II). This facility will support investments in high-performance green technologies, materials and solutions undertaken in privately owned residential dwellings or buildings. The sub-projects will be selected according to technical and financial eligibility criteria set forth in the Policy Statement for WB GEFF II. 100% of proceeds will finance green investments.European Bank for Reconstruction and DevelopmentSPARKASSE BANK AD SKOPJEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.431411000000SPARKASSE BANK AD SKOPJEPRIVATEPRIVATEPRIVATESenior unsecured loan of up to EUR 1.0 million to Sparkasse Bank AD Skopje under the Western Balkans Green Economy Financing Facility II (WB GEFF II). This facility will support investments in high-performance green technologies, materials and solutions undertaken in privately owned residential dwellings or buildings. The sub-projects will be selected according to technical and financial eligibility criteria set forth in the Policy Statement for WB GEFF II. 100% of proceeds will finance green investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54619XI-IATI-EBRD-53785European Bank for Reconstruction and DevelopmentThe provision of a senior local currency loan under the Financial Intermediaries Framework (FIF) in the total amount of up to US$ 2m. The proceeds of the loan will be on-lent to local private MSMEs in accordance with the requirements of the FIF Policy Statement.European Bank for Reconstruction and DevelopmentIMON INTERNATIONAL BANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKHUJAND40.28256 69.622161936076.67IMON INTERNATIONAL BANK CJSCPRIVATEPRIVATEPRIVATEThe provision of a senior local currency loan under the Financial Intermediaries Framework (FIF) in the total amount of up to US$ 2m. The proceeds of the loan will be on-lent to local private MSMEs in accordance with the requirements of the FIF Policy Statement. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53785XI-IATI-EBRD-48326European Bank for Reconstruction and DevelopmentThe EBRD is providing an unfunded risk sharing facility under the Albania Agribusiness and Tourism Support Facility (AATSF) of up to EUR 35 million to ProCredit Bank Albania (PCBA), covering up to 50% of a portfolio of eligible loans to the agribusiness and tourism sectors in Albania. The Project benefits from; * First Loss Risk Cover (FLRC) contributed by the Government of Albania, * Investment incentives provided by the Government of Albania for the agribusiness and the EU - for the tourism sectors, and * Technical assistance to: (i) PCBA, for capacity building in lending to agribusinesses and tourism, in addition to incentive verification and promotion of the uptake of the AATSF facility, and (ii) PCBA's existing and potential agribusiness and tourism clients for advisory services. The overall objective of the Project is to promote and enhance access to finance for agribusinesses and tourism SMEs in Albania by addressing the financing gap as one of the main challenges for the sectors' development.European Bank for Reconstruction and DevelopmentPROCREDIT BANK ALBANIA SHAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTIRANA41.3275 19.818893500000035000000PROCREDIT BANK ALBANIA SHAPRIVATEPRIVATEPRIVATEThe EBRD is providing an unfunded risk sharing facility under the Albania Agribusiness and Tourism Support Facility (AATSF) of up to EUR 35 million to ProCredit Bank Albania (PCBA), covering up to 50% of a portfolio of eligible loans to the agribusiness and tourism sectors in Albania. The Project benefits from; * First Loss Risk Cover (FLRC) contributed by the Government of Albania, * Investment incentives provided by the Government of Albania for the agribusiness and the EU - for the tourism sectors, and * Technical assistance to: (i) PCBA, for capacity building in lending to agribusinesses and tourism, in addition to incentive verification and promotion of the uptake of the AATSF facility, and (ii) PCBA's existing and potential agribusiness and tourism clients for advisory services. The overall objective of the Project is to promote and enhance access to finance for agribusinesses and tourism SMEs in Albania by addressing the financing gap as one of the main challenges for the sectors' development. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48326XI-IATI-EBRD-54899European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to EGP 700 million (EUR 13 million equivalent) in favour of Tasaheel Microfinance ("Tasaheel") under the Egypt Women in Business ("WiB") programme to support women-led MSMEs. The EBRD loan will support Tasaheel's lending activities and expand access to finance for underserved women-led MSMEs, largely in remote regions.European Bank for Reconstruction and DevelopmentTASAHEEL FOR FINANCING SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496712447833.36TASAHEEL FOR FINANCING SAEPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to EGP 700 million (EUR 13 million equivalent) in favour of Tasaheel Microfinance ("Tasaheel") under the Egypt Women in Business ("WiB") programme to support women-led MSMEs. The EBRD loan will support Tasaheel's lending activities and expand access to finance for underserved women-led MSMEs, largely in remote regions. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54899XI-IATI-EBRD-51606European Bank for Reconstruction and DevelopmentThe Project will support Enzym Group's investment program comprising the following: (i) construction of the new production facilities for yeast-based products such as yeast extracts and inactive yeast; (ii) expansion of the fermentation capacities at the existing yeast production (to be used by the new production as well); (iii) construction of the water treatment facilities. COVID-19 pandemic did not have significant impact on the Enzym's operational results in 2020 and on the Project implementation. The Company implemented needed measures to ensure operations sustainability and protect staff. The financing will support Enzym's strategy to expand its product range into more complex and higher value added biotechnological products. Null ValueEuropean Bank for Reconstruction and DevelopmentENZYM COMPANY LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGLVIV49.83826 24.023247000000ENZYM COMPANY LLCPRIVATEPRIVATEPRIVATEThe Project will support Enzym Group's investment program comprising the following: (i) construction of the new production facilities for yeast-based products such as yeast extracts and inactive yeast; (ii) expansion of the fermentation capacities at the existing yeast production (to be used by the new production as well); (iii) construction of the water treatment facilities. COVID-19 pandemic did not have significant impact on the Enzym's operational results in 2020 and on the Project implementation. The Company implemented needed measures to ensure operations sustainability and protect staff. The financing will support Enzym's strategy to expand its product range into more complex and higher value added biotechnological products. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51606XI-IATI-EBRD-55869European Bank for Reconstruction and DevelopmentAn uncommitted Trade Finance Programme (TFP) limit of up to EUR 5 million to Tirana Bank (TB), available for guarantees for up to 18 months, and cash advances for up to 6 months (sub-limit). The proposed uncommitted TFP limit will be instrumental in supporting this growth by unlocking additional commercial capacity, expanding the correspondent banking network, and promoting intra-regional trade. Additionally, the technical co-operation aspect of the project will enhance TB's expertise and know-how, diversify its product offerings, and foster the growth of its trade finance business.European Bank for Reconstruction and DevelopmentTIRANA BANK SHAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTIRANA41.3275 19.818891855426.771855426.77TIRANA BANK SHAPRIVATEPRIVATEPRIVATEAn uncommitted Trade Finance Programme (TFP) limit of up to EUR 5 million to Tirana Bank (TB), available for guarantees for up to 18 months, and cash advances for up to 6 months (sub-limit). The proposed uncommitted TFP limit will be instrumental in supporting this growth by unlocking additional commercial capacity, expanding the correspondent banking network, and promoting intra-regional trade. Additionally, the technical co-operation aspect of the project will enhance TB's expertise and know-how, diversify its product offerings, and foster the growth of its trade finance business. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55869XI-IATI-EBRD-50086European Bank for Reconstruction and DevelopmentProvision of a sovereign loan facility to the Republic of Serbia to finance the construction of a road section to semi-motorway standard, approximately 39.4 km in length between Nis and Plocnik (the "Project"). The Project is part of a longer road section from Nis to Merdare which connects Serbia with Kosovo and further with Port of Durres in Albania. The Project is part of Route 7 of the Western Balkans Core Network. The Project will be co-financed with a loan from the European Investment Bank (EIB) and an investment grant from the Western Balkans Investment Framework (WBIF). In addition, the WBIF has been providing grant funding for project preparation. * Support Serbia's economic development and regional integration by improving its connectivity between its main cities and neighbouring Kosovo and through Kosovo with Port of Durres in Albania. * Contribute to improving resilience of the Serbian section of Route 7 to the impacts of climate change through inclusion of structural and non-structural climate change adaptation measures to be incorporated into the design to increase resilience of the investment and contribute to improved management of the impacts of future climate change.European Bank for Reconstruction and DevelopmentSERBIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651373637023.8885000000SERBIA SOVEREIGN850000SERBIA SOVEREIGN2258987.16SERBIA SOVEREIGN214158.27SERBIA SOVEREIGN395638.01SERBIA SOVEREIGN283292.02SERBIA SOVEREIGN412983.18SERBIA SOVEREIGN408385.91SERBIA SOVEREIGN190092.54SERBIA SOVEREIGN107180.22SERBIA SOVEREIGN498864.98SERBIA SOVEREIGN880537.06SERBIA SOVEREIGN803444.75SERBIA SOVEREIGN842835.97SERBIA SOVEREIGN436489.89SERBIA SOVEREIGN132130.43SERBIA SOVEREIGN350382.13SERBIA SOVEREIGN120503.34SERBIA SOVEREIGN179647.56SERBIA SOVEREIGN104431.74SERBIA SOVEREIGN72080.32SERBIA SOVEREIGN95486.98SERBIA SOVEREIGN763583.49SERBIA SOVEREIGN248460.49SERBIA SOVEREIGN162012.17SERBIA SOVEREIGN551367.51SERBIA SOVEREIGNSTATESTATESTATESTATEProvision of a sovereign loan facility to the Republic of Serbia to finance the construction of a road section to semi-motorway standard, approximately 39.4 km in length between Nis and Plocnik (the "Project"). The Project is part of a longer road section from Nis to Merdare which connects Serbia with Kosovo and further with Port of Durres in Albania. The Project is part of Route 7 of the Western Balkans Core Network. The Project will be co-financed with a loan from the European Investment Bank (EIB) and an investment grant from the Western Balkans Investment Framework (WBIF). In addition, the WBIF has been providing grant funding for project preparation. * Support Serbia's economic development and regional integration by improving its connectivity between its main cities and neighbouring Kosovo and through Kosovo with Port of Durres in Albania. * Contribute to improving resilience of the Serbian section of Route 7 to the impacts of climate change through inclusion of structural and non-structural climate change adaptation measures to be incorporated into the design to increase resilience of the investment and contribute to improved management of the impacts of future climate change. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50086XI-IATI-EBRD-47546European Bank for Reconstruction and DevelopmentA sovereign loan of up to EUR 10 million to the State of Bosnia and Herzegovina. The facility will be on-lent to the District of Brcko and the funds will be used for rehabilitation and upgrade of facilities at the Port of Brcko (the "Port") and optimisation of road and railway access to the Port (the "Project"). The Project will improve operational efficiency of the Port and increase the cargo handling capacity of the port, which is currently limited by the difficult rail access and outdated infrastructure. The Project is expected to induce a change in transport mode from road to primarily rail for the Port's traffic, providing a cost-effective and environmentally-friendly transport route to local traders of commodities. In addition, the Project is expected to improve the efficiency and safety of rail operations in the city of Brcko, by enabling the relocation of the existing railway line which currently passes through the central urban area. The Project will also allow for the redevelopment of freed up land.European Bank for Reconstruction and DevelopmentBOSNIA AND HERZEGOVINA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBRCKO44.86995 18.81012782.0610000000BOSNIA AND HERZEGOVINA SOVEREIGN100000BOSNIA AND HERZEGOVINA SOVEREIGN77277.67BOSNIA AND HERZEGOVINA SOVEREIGN125238.9BOSNIA AND HERZEGOVINA SOVEREIGN774000BOSNIA AND HERZEGOVINA SOVEREIGN166654.61BOSNIA AND HERZEGOVINA SOVEREIGN106213.61BOSNIA AND HERZEGOVINA SOVEREIGN104017.64BOSNIA AND HERZEGOVINA SOVEREIGN179956.83BOSNIA AND HERZEGOVINA SOVEREIGN33287.11BOSNIA AND HERZEGOVINA SOVEREIGN109718.43BOSNIA AND HERZEGOVINA SOVEREIGN16692.07BOSNIA AND HERZEGOVINA SOVEREIGN67386.82BOSNIA AND HERZEGOVINA SOVEREIGN597340.11BOSNIA AND HERZEGOVINA SOVEREIGN78163.9BOSNIA AND HERZEGOVINA SOVEREIGN24016.4BOSNIA AND HERZEGOVINA SOVEREIGN316614.53BOSNIA AND HERZEGOVINA SOVEREIGN215452.19BOSNIA AND HERZEGOVINA SOVEREIGN121133.66BOSNIA AND HERZEGOVINA SOVEREIGN1921010.38BOSNIA AND HERZEGOVINA SOVEREIGN155915.94BOSNIA AND HERZEGOVINA SOVEREIGN384756.08BOSNIA AND HERZEGOVINA SOVEREIGN173658.82BOSNIA AND HERZEGOVINA SOVEREIGN20330BOSNIA AND HERZEGOVINA SOVEREIGN198050.25BOSNIA AND HERZEGOVINA SOVEREIGN130747.28BOSNIA AND HERZEGOVINA SOVEREIGN12127.49BOSNIA AND HERZEGOVINA SOVEREIGN132581.87BOSNIA AND HERZEGOVINA SOVEREIGN552413.67BOSNIA AND HERZEGOVINA SOVEREIGN68929.9BOSNIA AND HERZEGOVINA SOVEREIGN515832.6BOSNIA AND HERZEGOVINA SOVEREIGN764136.36BOSNIA AND HERZEGOVINA SOVEREIGN166413.66BOSNIA AND HERZEGOVINA SOVEREIGN102573.73BOSNIA AND HERZEGOVINA SOVEREIGN53539.11BOSNIA AND HERZEGOVINA SOVEREIGN79134BOSNIA AND HERZEGOVINA SOVEREIGN118057.71BOSNIA AND HERZEGOVINA SOVEREIGN322099.93BOSNIA AND HERZEGOVINA SOVEREIGN202857.31BOSNIA AND HERZEGOVINA SOVEREIGN235034.94BOSNIA AND HERZEGOVINA SOVEREIGN85000BOSNIA AND HERZEGOVINA SOVEREIGN288288.33BOSNIA AND HERZEGOVINA SOVEREIGN102564.1BOSNIA AND HERZEGOVINA SOVEREIGNSTATESTATESTATESTATEA sovereign loan of up to EUR 10 million to the State of Bosnia and Herzegovina. The facility will be on-lent to the District of Brcko and the funds will be used for rehabilitation and upgrade of facilities at the Port of Brcko (the "Port") and optimisation of road and railway access to the Port (the "Project"). The Project will improve operational efficiency of the Port and increase the cargo handling capacity of the port, which is currently limited by the difficult rail access and outdated infrastructure. The Project is expected to induce a change in transport mode from road to primarily rail for the Port's traffic, providing a cost-effective and environmentally-friendly transport route to local traders of commodities. In addition, the Project is expected to improve the efficiency and safety of rail operations in the city of Brcko, by enabling the relocation of the existing railway line which currently passes through the central urban area. The Project will also allow for the redevelopment of freed up land. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47546XI-IATI-EBRD-52725European Bank for Reconstruction and DevelopmentSenior unsecured loan of up to EUR 3.0 million to Sparkasse Bank Makedonija under the Western Balkans Green Economy Financing Facility II (WB GEFF II). This facility will support investments in high-performance green technologies, materials and solutions undertaken in privately owned residential dwellings or buildings. The sub-projects will be selected according to technical and financial eligibility criteria set forth in the Policy Statement for WB GEFF II. 100% of proceeds will finance green investments.European Bank for Reconstruction and DevelopmentSPARKASSE BANK AD SKOPJEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.431413000000SPARKASSE BANK AD SKOPJEPRIVATEPRIVATEPRIVATESenior unsecured loan of up to EUR 3.0 million to Sparkasse Bank Makedonija under the Western Balkans Green Economy Financing Facility II (WB GEFF II). This facility will support investments in high-performance green technologies, materials and solutions undertaken in privately owned residential dwellings or buildings. The sub-projects will be selected according to technical and financial eligibility criteria set forth in the Policy Statement for WB GEFF II. 100% of proceeds will finance green investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52725XI-IATI-EBRD-53136European Bank for Reconstruction and DevelopmentProvision of a tranched sovereign loan of up to EUR 550 million to the Republic of Serbia for the benefit of the company for management of the public railways infrastructure Serbian Railways Infrastructure ("SRI") to finance the rehabilitation and upgrade of the rail infrastructure of Rail Corridor X, the railway line connecting Belgrade to Nis (c. 230 km-long), with the aim to increase speed to up to 200 km/h while enhancing quality of passenger and freight rail services. The Project is envisaged to be co-financed by European Investment Bank ("EIB") and the EU through the Western Balkans Investment Framework ("WBIF"). The Project will support the development of rail infrastructure, safety will be improved, as will the capacity and comfort of the passenger and freight services. This will in turn support Serbia's economic development, contribute to its local and regional connectivity and integration, and enhance competitiveness of rail transport, especially for international and transit freight traffic, allowing significant modal shift to rail as a low carbon intensity sector.European Bank for Reconstruction and DevelopmentSERBIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651376921317.897060000SERBIA SOVEREIGN600000SERBIA SOVEREIGN19538682.2SERBIA SOVEREIGNSTATESTATESTATESTATEProvision of a tranched sovereign loan of up to EUR 550 million to the Republic of Serbia for the benefit of the company for management of the public railways infrastructure Serbian Railways Infrastructure ("SRI") to finance the rehabilitation and upgrade of the rail infrastructure of Rail Corridor X, the railway line connecting Belgrade to Nis (c. 230 km-long), with the aim to increase speed to up to 200 km/h while enhancing quality of passenger and freight rail services. The Project is envisaged to be co-financed by European Investment Bank ("EIB") and the EU through the Western Balkans Investment Framework ("WBIF"). The Project will support the development of rail infrastructure, safety will be improved, as will the capacity and comfort of the passenger and freight services. This will in turn support Serbia's economic development, contribute to its local and regional connectivity and integration, and enhance competitiveness of rail transport, especially for international and transit freight traffic, allowing significant modal shift to rail as a low carbon intensity sector. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53136XI-IATI-EBRD-54884European Bank for Reconstruction and DevelopmentUp to EUR 50 million senior secured loan to Tenevo Solar Technologies EAD ("Tenevo Solar", or the "Company"), a project entity registered in Bulgaria. The loan will be dedicated to the construction and operation of a solar PV plant with capacity of 238 MWp in south-eastern Bulgaria (the "Project"). The Project is expected to generate around 332 GWh of electricity a year. The EBRD loan is expected to be approved fully or partially under the EBRD InvestEU Framework for Sustainable Transition (OpID 54197). The Project will contribute to climate change mitigation and the Bulgarian green energy transition by adding 238 MW of solar generation capacity to the Bulgarian national energy system. The Project will also be the first sizeable long term project finance of renewable energy projects on a purely merchant structure in Bulgaria. It will also strengthen the private sector presence in the renewable energy sector in Bulgaria. The Project also has a long-term plan to add on a 250MW capacity of behind-the-meter energy storage.European Bank for Reconstruction and DevelopmentTENEVO SOLAR TECHNOLOGIES EADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSOFIA42.69751 23.324150.0550000000TENEVO SOLAR TECHNOLOGIES EADPRIVATEPRIVATEPRIVATEUp to EUR 50 million senior secured loan to Tenevo Solar Technologies EAD ("Tenevo Solar", or the "Company"), a project entity registered in Bulgaria. The loan will be dedicated to the construction and operation of a solar PV plant with capacity of 238 MWp in south-eastern Bulgaria (the "Project"). The Project is expected to generate around 332 GWh of electricity a year. The EBRD loan is expected to be approved fully or partially under the EBRD InvestEU Framework for Sustainable Transition (OpID 54197). The Project will contribute to climate change mitigation and the Bulgarian green energy transition by adding 238 MW of solar generation capacity to the Bulgarian national energy system. The Project will also be the first sizeable long term project finance of renewable energy projects on a purely merchant structure in Bulgaria. It will also strengthen the private sector presence in the renewable energy sector in Bulgaria. The Project also has a long-term plan to add on a 250MW capacity of behind-the-meter energy storage. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54884XI-IATI-EBRD-56090European Bank for Reconstruction and DevelopmentA senior secured loan of up to RON 347,771,000 (equivalent to EUR 68.6 million) to NewCold Romania SRL including i) committed tranche RON 182,771,000 and ii) uncommitted tranche RON 165,000,000, a limited liability company incorporated in Romania, to support the development of a large-scale, automated cold storage facilities with capacity for 75,400 pallets in Bucharest, and a planned future expansion. It will be the first fully automated cold storage facility operated by a third-party logistics provider in Romania. The Project has been approved under the EBRD InvestEU Framework for Sustainable Transition. The facility is expected to strengthen Romania's food supply chain by improving storage efficiency, reducing food waste, and supporting the digitalisation of logistics infrastructure. Local suppliers will benefit from higher operational standards, including advanced traceability and performance monitoring systems.European Bank for Reconstruction and DevelopmentNEWCOLD ROMANIA SRLEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUCHAREST44.43225 26.1062634886319.9334886319.93NEWCOLD ROMANIA SRLPRIVATEPRIVATEPRIVATEA senior secured loan of up to RON 347,771,000 (equivalent to EUR 68.6 million) to NewCold Romania SRL including i) committed tranche RON 182,771,000 and ii) uncommitted tranche RON 165,000,000, a limited liability company incorporated in Romania, to support the development of a large-scale, automated cold storage facilities with capacity for 75,400 pallets in Bucharest, and a planned future expansion. It will be the first fully automated cold storage facility operated by a third-party logistics provider in Romania. The Project has been approved under the EBRD InvestEU Framework for Sustainable Transition. The facility is expected to strengthen Romania's food supply chain by improving storage efficiency, reducing food waste, and supporting the digitalisation of logistics infrastructure. Local suppliers will benefit from higher operational standards, including advanced traceability and performance monitoring systems. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56090XI-IATI-EBRD-57068European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to USD 20 million to the National Bank of Kuwait S.A.E (NBKE) under the FIF - Egypt Youth in Business ("YiB") programme, for on-lending to eligible private MSMEs whose overall operational management responsibility or majority ownership is held by a person (or persons) under the age of 35 as defined in the Policy Statement ("Youth MSMEs"). The loan will also be accompanied by a comprehensive package of technical cooperation, first-loss risk cover, and incentives, funded by the European Union and EBRD's Shareholder Special Fund. The term of the loan is 4 years with 1 year grace period. The loan aims at opening up economic opportunities for young people and promoting their access to finance by supporting the development of youth-led and/or owned enterprises. The proceeds will be used to support lending to eligible privately-owned youth-led MSMEs under the Egypt Youth in Business Programme ("Egypt YiB", the "Programme"), with a focus on regional outreach and attraction of new youth MSME clients.European Bank for Reconstruction and DevelopmentNATIONAL BANK OF KUWAIT EGYPT NBK SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496717508535.41NATIONAL BANK OF KUWAIT EGYPT NBK SAEPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to USD 20 million to the National Bank of Kuwait S.A.E (NBKE) under the FIF - Egypt Youth in Business ("YiB") programme, for on-lending to eligible private MSMEs whose overall operational management responsibility or majority ownership is held by a person (or persons) under the age of 35 as defined in the Policy Statement ("Youth MSMEs"). The loan will also be accompanied by a comprehensive package of technical cooperation, first-loss risk cover, and incentives, funded by the European Union and EBRD's Shareholder Special Fund. The term of the loan is 4 years with 1 year grace period. The loan aims at opening up economic opportunities for young people and promoting their access to finance by supporting the development of youth-led and/or owned enterprises. The proceeds will be used to support lending to eligible privately-owned youth-led MSMEs under the Egypt Youth in Business Programme ("Egypt YiB", the "Programme"), with a focus on regional outreach and attraction of new youth MSME clients. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57068XI-IATI-EBRD-52397European Bank for Reconstruction and DevelopmentProvision of a long-term senior unsecured loan to BIB for on-lending to small and medium-sized enterprises ("SMEs") in Serbia. The loan is envisaged under the Regional SME Competitiveness Support Programme ("SME-CSP"). The loan is intended to provide financing for on-lending to local SMEs for investments in environmental protection, workers' safety and product quality and safety in order to introduce and implement EU standards, which will boost SMEs' competitiveness in the country. At least 60% of the use of the proceeds is expected to be related to Green Economy Transition ("GET") investments.European Bank for Reconstruction and DevelopmentBANCA INTESA AD BEOGRADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651320000000BANCA INTESA AD BEOGRADPRIVATEPRIVATEPRIVATEProvision of a long-term senior unsecured loan to BIB for on-lending to small and medium-sized enterprises ("SMEs") in Serbia. The loan is envisaged under the Regional SME Competitiveness Support Programme ("SME-CSP"). The loan is intended to provide financing for on-lending to local SMEs for investments in environmental protection, workers' safety and product quality and safety in order to introduce and implement EU standards, which will boost SMEs' competitiveness in the country. At least 60% of the use of the proceeds is expected to be related to Green Economy Transition ("GET") investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52397XI-IATI-EBRD-54606European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan in local currency of up to EGP 200 million (ca. EUR 6.0 million equivalent) in favour of Reefy Microfinance Enterprise Services ("Reefy"). The loan is under the Egypt Youth in Business ("YiB") programme to on-lend to private youth-led and/or owned MSMEs in Egypt, particularly in remote regions. The loan will be accompanied by a comprehensive package of technical cooperation and investment incentives, funded by the European Union and EBRD Shareholder Special Fund, aimed at strengthening the capabilities of Reefy and the sub-borrowers while alleviating the impact of macroeconomic turbulences and inflationary pressures on end-beneficiaries. The loan aims at opening up economic opportunities for young people and promoting their access to finance by supporting the development of youth-led and/or owned enterprises and the non-bank financial services industry in Egypt.European Bank for Reconstruction and DevelopmentREEFY MICROFINANCE ENTERPRISE SERVICES SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.249672371027.74REEFY MICROFINANCE ENTERPRISE SERVICES SAEPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan in local currency of up to EGP 200 million (ca. EUR 6.0 million equivalent) in favour of Reefy Microfinance Enterprise Services ("Reefy"). The loan is under the Egypt Youth in Business ("YiB") programme to on-lend to private youth-led and/or owned MSMEs in Egypt, particularly in remote regions. The loan will be accompanied by a comprehensive package of technical cooperation and investment incentives, funded by the European Union and EBRD Shareholder Special Fund, aimed at strengthening the capabilities of Reefy and the sub-borrowers while alleviating the impact of macroeconomic turbulences and inflationary pressures on end-beneficiaries. The loan aims at opening up economic opportunities for young people and promoting their access to finance by supporting the development of youth-led and/or owned enterprises and the non-bank financial services industry in Egypt. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54606XI-IATI-EBRD-52874European Bank for Reconstruction and DevelopmentThe Bank is considering providing a US$ 47.1 million loan to finance the construction of a 128 km 500 kV overhead transmission line between the settlements of Sarimay (Khoresm region) and Djankeldy (Bukhara region), and 2 km 500kV overhead transmission line connecting a new 500kV open switchgear with the 500kV Navoi transmission line. The loan proceeds will also be used to finance the expansion of Sarimay substation to 500kV and associated consultancy support. The project will be implemented by Joint-Stock Company National Electric Grid of Uzbekistan (NEGU). Implementation of the Project shall significantly improve reliability, efficiency and stability of the transmission network as well as the quality and security of electricity supply. The project will also facilitate the transmission of electricity generated by renewable energy power plants under development in the Bukhara region to the national grid.European Bank for Reconstruction and DevelopmentUZBEKISTAN SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.2162716546724.5741232600.89UZBEKISTAN SOVEREIGN412326.01UZBEKISTAN SOVEREIGN3812261.31UZBEKISTAN SOVEREIGN826592.05UZBEKISTAN SOVEREIGN241982.72UZBEKISTAN SOVEREIGN369205.95UZBEKISTAN SOVEREIGN438851.44UZBEKISTAN SOVEREIGN563527.97UZBEKISTAN SOVEREIGN1657715.22UZBEKISTAN SOVEREIGN1229145.8UZBEKISTAN SOVEREIGN1533013.17UZBEKISTAN SOVEREIGN1823337.13UZBEKISTAN SOVEREIGN776968.28UZBEKISTAN SOVEREIGN2328147.77UZBEKISTAN SOVEREIGN189039.39UZBEKISTAN SOVEREIGN459307.78UZBEKISTAN SOVEREIGN1350064.81UZBEKISTAN SOVEREIGN88227.96UZBEKISTAN SOVEREIGN2052586.29UZBEKISTAN SOVEREIGN973525.45UZBEKISTAN SOVEREIGN739559.76UZBEKISTAN SOVEREIGN735333.14UZBEKISTAN SOVEREIGN170708.22UZBEKISTAN SOVEREIGN147796.42UZBEKISTAN SOVEREIGN974418.38UZBEKISTAN SOVEREIGN121390.54UZBEKISTAN SOVEREIGN670843.36UZBEKISTAN SOVEREIGNSTATESTATESTATESTATEThe Bank is considering providing a US$ 47.1 million loan to finance the construction of a 128 km 500 kV overhead transmission line between the settlements of Sarimay (Khoresm region) and Djankeldy (Bukhara region), and 2 km 500kV overhead transmission line connecting a new 500kV open switchgear with the 500kV Navoi transmission line. The loan proceeds will also be used to finance the expansion of Sarimay substation to 500kV and associated consultancy support. The project will be implemented by Joint-Stock Company National Electric Grid of Uzbekistan (NEGU). Implementation of the Project shall significantly improve reliability, efficiency and stability of the transmission network as well as the quality and security of electricity supply. The project will also facilitate the transmission of electricity generated by renewable energy power plants under development in the Bukhara region to the national grid. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52874XI-IATI-EBRD-55544European Bank for Reconstruction and DevelopmentThe provision of financing for the modernisation of the power distribution grid in northern and southern regions of Tajikistan (the "Project") in the form of up to €28 million sovereign loan to the Republic of Tajikistan with loan proceeds to be on-lent to OJSC "Shabakahoi Taqsimoti Barq" (the "STB", the "Company"), the implementing entity. The Bank's financing will target the installation of automatic billing and metering systems in 9 networks of Bokhtar, Kulob and Guliston branches of the Company. The Project will be co-financed with a €15 million co-investment grant and TC grant funding from the European Union's Asia Pacific Investment Facility (APIF). The Project will target one of the key constraints to economic development in the country - high levels of inefficiency and technical losses in the power distribution network. The Project's principal objectives are to: (i) address the most urgent needs for the replacement of aged infrastructure, (ii) contribute to the reduction of distribution network losses, (iii) introduce modern billing and metering infrastructure, improving payment discipline and cash collection, upholding operational and financial efficiency and sustainability of the power sector.European Bank for Reconstruction and DevelopmentTAJIKISTAN SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGDUSHANBE38.53575 68.779052800000028000000TAJIKISTAN SOVEREIGNSTATESTATESTATESTATEThe provision of financing for the modernisation of the power distribution grid in northern and southern regions of Tajikistan (the "Project") in the form of up to €28 million sovereign loan to the Republic of Tajikistan with loan proceeds to be on-lent to OJSC "Shabakahoi Taqsimoti Barq" (the "STB", the "Company"), the implementing entity. The Bank's financing will target the installation of automatic billing and metering systems in 9 networks of Bokhtar, Kulob and Guliston branches of the Company. The Project will be co-financed with a €15 million co-investment grant and TC grant funding from the European Union's Asia Pacific Investment Facility (APIF). The Project will target one of the key constraints to economic development in the country - high levels of inefficiency and technical losses in the power distribution network. The Project's principal objectives are to: (i) address the most urgent needs for the replacement of aged infrastructure, (ii) contribute to the reduction of distribution network losses, (iii) introduce modern billing and metering infrastructure, improving payment discipline and cash collection, upholding operational and financial efficiency and sustainability of the power sector. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55544XI-IATI-EBRD-55942European Bank for Reconstruction and DevelopmentThe Project envisions provision of senior secured loan of up to €20 million in two tranches (€10 million committed and €10 million uncommitted) to finance working capital needs of the Company. Loan proceeds will be used to finance working capital needs of the Company to purchase raw materials for cable production and support its export expansion to the EU countries.European Bank for Reconstruction and DevelopmentARTIKUL AZIYA KABEL LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.216273091205.3220094619.48ARTIKUL AZIYA KABEL LLCPRIVATEPRIVATEPRIVATEThe Project envisions provision of senior secured loan of up to €20 million in two tranches (€10 million committed and €10 million uncommitted) to finance working capital needs of the Company. Loan proceeds will be used to finance working capital needs of the Company to purchase raw materials for cable production and support its export expansion to the EU countries. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55942XI-IATI-EBRD-52783European Bank for Reconstruction and DevelopmentProvision of up to USD 26,363,750 unsecured loan under the GCF GEFF Regional - Morocco II framework to Banque Centrale Populaire ("BCP"), of which up to USD 25,045,536 in EUR equivalent to be provided by EBRD and up to USD 1,318,187 by the Green Climate Fund ("GCF") under the GCF-Green Economy Financing Facility ("GEFF") Regional Framework. The proceeds of the loan will be used for financing investments in climate change mitigation and adaptation technologies The project will facilitate a green economy transition in Morocco by on-lending to private sector sub-borrowers to implement green investments in energy efficiency, renewable energy and climate resilience measures.European Bank for Reconstruction and DevelopmentBANQUE CENTRALE POPULAIRE DU MAROCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCASABLANCA33.58831 -7.6113822915770.88BANQUE CENTRALE POPULAIRE DU MAROCPRIVATEPRIVATEPRIVATEProvision of up to USD 26,363,750 unsecured loan under the GCF GEFF Regional - Morocco II framework to Banque Centrale Populaire ("BCP"), of which up to USD 25,045,536 in EUR equivalent to be provided by EBRD and up to USD 1,318,187 by the Green Climate Fund ("GCF") under the GCF-Green Economy Financing Facility ("GEFF") Regional Framework. The proceeds of the loan will be used for financing investments in climate change mitigation and adaptation technologies The project will facilitate a green economy transition in Morocco by on-lending to private sector sub-borrowers to implement green investments in energy efficiency, renewable energy and climate resilience measures. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52783XI-IATI-EBRD-52052European Bank for Reconstruction and DevelopmentThe provision of US$ 0.5 million loan to finance working capital needs of Turkmenin Rysgaly, one of the leading producers of hygienic products in Turkmenistan The Project will help the Borrower to: * Reduce the negative impact of the supply chain disruptions caused by the pandemic; * Arrange advance payments for new suppliers.European Bank for Reconstruction and DevelopmentTURKMENIN RYSGALYEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGMARY61.83031 37.59378437713.39TURKMENIN RYSGALYPRIVATEPRIVATEPRIVATEThe provision of US$ 0.5 million loan to finance working capital needs of Turkmenin Rysgaly, one of the leading producers of hygienic products in Turkmenistan The Project will help the Borrower to: * Reduce the negative impact of the supply chain disruptions caused by the pandemic; * Arrange advance payments for new suppliers. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52052XI-IATI-EBRD-55115European Bank for Reconstruction and DevelopmentThe provision of a senior unsecured loan of up to US$ 5 million (in TJS equivalent) under the FIF Youth in Business Programme for Central Asia (YiB CA) in favour of Bank Arvand. The project aims at supporting LCY lending to eligible youth-owned or youth-led MSMEs in Tajikistan in accordance with the YiB CA Policy Statement.European Bank for Reconstruction and DevelopmentARVAND BANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKHUJAND40.28256 69.622164766132.66ARVAND BANK CJSCPRIVATEPRIVATEPRIVATEThe provision of a senior unsecured loan of up to US$ 5 million (in TJS equivalent) under the FIF Youth in Business Programme for Central Asia (YiB CA) in favour of Bank Arvand. The project aims at supporting LCY lending to eligible youth-owned or youth-led MSMEs in Tajikistan in accordance with the YiB CA Policy Statement. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55115XI-IATI-EBRD-55026European Bank for Reconstruction and DevelopmentProvision of EUR 3,900,000 for the design, development, financing, construction, commissioning, operation and maintenance of a 10MW solar photovoltaic (PV) power plant (SPP) located in Feriana town in Tunisia. Project A is 100% owned by Qair International ("Qair", the "Sponsor"). Post construction, Qair will be the majority shareholder while Mazarine Energy BV will hold a participation. The Project is considered alongside another 10MW SPP co-located and with the same Sponsor (see Qair Solar - Project B). Tunisia aims at lessening dependence on fossil fuels by diversifying its energy mix, and development of renewable energy is therefore a key priority for the country. Further, the Project will be among the first solar projects realized by the private developer Qair, under the authorization regime in Tunisia.European Bank for Reconstruction and DevelopmentCENTRALE SOLAIRE FERIANA BEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTUNIS36.81897 10.165793870000CENTRALE SOLAIRE FERIANA BPRIVATEPRIVATEPRIVATEProvision of EUR 3,900,000 for the design, development, financing, construction, commissioning, operation and maintenance of a 10MW solar photovoltaic (PV) power plant (SPP) located in Feriana town in Tunisia. Project A is 100% owned by Qair International ("Qair", the "Sponsor"). Post construction, Qair will be the majority shareholder while Mazarine Energy BV will hold a participation. The Project is considered alongside another 10MW SPP co-located and with the same Sponsor (see Qair Solar - Project B). Tunisia aims at lessening dependence on fossil fuels by diversifying its energy mix, and development of renewable energy is therefore a key priority for the country. Further, the Project will be among the first solar projects realized by the private developer Qair, under the authorization regime in Tunisia. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55026XI-IATI-EBRD-52922European Bank for Reconstruction and DevelopmentRefinancing of existing EUR 60 million senior loan to Eastern European Electric Company B.V., the fully owned subsidiary of Eurohold Bulgaria AD as well as the provision of an additional EUR 15 million capex. The EUR 60 million senior loan was originally signed in July 2021 and was used to finance Eurohold's acquisition of the CEZ group's electricity assets in Bulgaria as well as Electrodistribution Grid West EAD ("EDG West") (former CEZ Razpredelenie Bulgaria AD) 2022-2024 digitalisation and distribution network upgrade programme. The loan was subsequently refinanced in June 2024 and included the provision of an additional EUR 15 million senior loan to be used for the acquisition of smart meters for the continued modernisation of the distribution network by EDG West from 2024-2026.European Bank for Reconstruction and DevelopmentEASTERN EUROPEAN ELECTRIC COMPANY BVEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSOFIA42.69751 23.3241575000000EASTERN EUROPEAN ELECTRIC COMPANY BVPRIVATEPRIVATEPRIVATERefinancing of existing EUR 60 million senior loan to Eastern European Electric Company B.V., the fully owned subsidiary of Eurohold Bulgaria AD as well as the provision of an additional EUR 15 million capex. The EUR 60 million senior loan was originally signed in July 2021 and was used to finance Eurohold's acquisition of the CEZ group's electricity assets in Bulgaria as well as Electrodistribution Grid West EAD ("EDG West") (former CEZ Razpredelenie Bulgaria AD) 2022-2024 digitalisation and distribution network upgrade programme. The loan was subsequently refinanced in June 2024 and included the provision of an additional EUR 15 million senior loan to be used for the acquisition of smart meters for the continued modernisation of the distribution network by EDG West from 2024-2026. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52922XI-IATI-EBRD-54322European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to EUR 2.0 million to be provided in two equal tranches to UB under the Albanian Agribusiness and Tourism Support Framework ("AATSF" or the "Framework"). The second tranche will be uncommitted. The overall objective of the credit line is to promote sustainable lending to agribusiness and tourism sectors in Albania and enhance access to finance for the sectors. 25% of the use of proceeds will be related to investments eligible under the EBRD's Green Economy Transition ("GET") approach.European Bank for Reconstruction and DevelopmentUNION BANK SHAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTIRANA41.3275 19.818892000000UNION BANK SHAPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to EUR 2.0 million to be provided in two equal tranches to UB under the Albanian Agribusiness and Tourism Support Framework ("AATSF" or the "Framework"). The second tranche will be uncommitted. The overall objective of the credit line is to promote sustainable lending to agribusiness and tourism sectors in Albania and enhance access to finance for the sectors. 25% of the use of proceeds will be related to investments eligible under the EBRD's Green Economy Transition ("GET") approach. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54322XI-IATI-EBRD-53632European Bank for Reconstruction and DevelopmentProvision of an ESG-linked, long-term, senior loan to Uje Rugove to support its investment plan related to: (i) purchase and installation of new and automatic filling lines for glass bottles, aluminium, cardboard, barrel, and syrup; (ii) purchase and refurbishment of adjacent facility for the installation of afore-mentioned filling lines, and (iii) associated working capital. The project will support Uje Rugove's investment plan that will enable it to pursue its strategy of expanding into new market routes by: (a) launching new product categories - i.e. carbonated mineral water, flavoured and infused water (both still and carbonated), and (peach and lemon taste) ice teas; (b) expanding its market and sales presence in Albania and North Macedonia; and (c) launching new can and cardboard packaging, as well as more efficient and modern glass bottle and barrel packaging. The project and financing involve also ESG-linked objectives related to improvement in the water use ratio, reduction of glass bottle and plastic barrel packaging waste in production, introduction of at least 50% recycled stretch film and labels in packaging, as well as measures for supporting equality of opportunities.European Bank for Reconstruction and DevelopmentUJE RUGOVE SHPKEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGOBILIQ42.68694 21.070281500000UJE RUGOVE SHPKPRIVATEPRIVATEPRIVATEProvision of an ESG-linked, long-term, senior loan to Uje Rugove to support its investment plan related to: (i) purchase and installation of new and automatic filling lines for glass bottles, aluminium, cardboard, barrel, and syrup; (ii) purchase and refurbishment of adjacent facility for the installation of afore-mentioned filling lines, and (iii) associated working capital. The project will support Uje Rugove's investment plan that will enable it to pursue its strategy of expanding into new market routes by: (a) launching new product categories - i.e. carbonated mineral water, flavoured and infused water (both still and carbonated), and (peach and lemon taste) ice teas; (b) expanding its market and sales presence in Albania and North Macedonia; and (c) launching new can and cardboard packaging, as well as more efficient and modern glass bottle and barrel packaging. The project and financing involve also ESG-linked objectives related to improvement in the water use ratio, reduction of glass bottle and plastic barrel packaging waste in production, introduction of at least 50% recycled stretch film and labels in packaging, as well as measures for supporting equality of opportunities. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53632XI-IATI-EBRD-48252European Bank for Reconstruction and DevelopmentThe Project will finance the priority investments into the water supply system in the Sarajevo Canton ("the Canton") to reduce leakages and to improve the quality of services provided by the Cantonal Public Utility Company "Vodovod i kanalizacija" d.o.o. Sarajevo ("the Company"). The priority investments include (i) purchase of new metering and control equipment (individual and bulk meters, telemetry); (ii) reconstruction of the water supply network in several parts of the Canton; and (iii) rehabilitation of pumping stations (including chlorination units). The City of Sarajevo is the capital of Bosnia and Herzegovina ("BiH") and the largest city in the country. The Canton is the regional administrative district surrounding the City of Sarajevo. The main purpose of the Project is to reduce water losses and eliminate cuts in water supply. This should assist the Company to reduce its operating costs through reduced consumption of electricity, to improve the quality of the service and the efficiency of the system (new more efficient pumps and control equipment).European Bank for Reconstruction and DevelopmentBOSNIA AND HERZEGOVINA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.356445073502.2625000000BOSNIA AND HERZEGOVINA SOVEREIGN250000BOSNIA AND HERZEGOVINA SOVEREIGN822461.24BOSNIA AND HERZEGOVINA SOVEREIGN580685.06BOSNIA AND HERZEGOVINA SOVEREIGN296066.91BOSNIA AND HERZEGOVINA SOVEREIGN163678.02BOSNIA AND HERZEGOVINA SOVEREIGN121104.82BOSNIA AND HERZEGOVINA SOVEREIGN919753.37BOSNIA AND HERZEGOVINA SOVEREIGN136163.94BOSNIA AND HERZEGOVINA SOVEREIGN120617.23BOSNIA AND HERZEGOVINA SOVEREIGN235617.95BOSNIA AND HERZEGOVINA SOVEREIGN563156.96BOSNIA AND HERZEGOVINA SOVEREIGN558439.68BOSNIA AND HERZEGOVINA SOVEREIGN315368.56BOSNIA AND HERZEGOVINA SOVEREIGN159970.53BOSNIA AND HERZEGOVINA SOVEREIGN509026.82BOSNIA AND HERZEGOVINA SOVEREIGN37086.16BOSNIA AND HERZEGOVINA SOVEREIGN421108.5BOSNIA AND HERZEGOVINA SOVEREIGN619983.35BOSNIA AND HERZEGOVINA SOVEREIGN675924.97BOSNIA AND HERZEGOVINA SOVEREIGN651135.78BOSNIA AND HERZEGOVINA SOVEREIGN107972BOSNIA AND HERZEGOVINA SOVEREIGN540384.83BOSNIA AND HERZEGOVINA SOVEREIGN698772.84BOSNIA AND HERZEGOVINA SOVEREIGN106632.79BOSNIA AND HERZEGOVINA SOVEREIGN43261BOSNIA AND HERZEGOVINA SOVEREIGN173167.8BOSNIA AND HERZEGOVINA SOVEREIGN1495527.32BOSNIA AND HERZEGOVINA SOVEREIGN40105.5BOSNIA AND HERZEGOVINA SOVEREIGN427258.53BOSNIA AND HERZEGOVINA SOVEREIGN21895BOSNIA AND HERZEGOVINA SOVEREIGN206245.54BOSNIA AND HERZEGOVINA SOVEREIGN265727.62BOSNIA AND HERZEGOVINA SOVEREIGN792798.73BOSNIA AND HERZEGOVINA SOVEREIGN44982.09BOSNIA AND HERZEGOVINA SOVEREIGN297211.14BOSNIA AND HERZEGOVINA SOVEREIGN610571.84BOSNIA AND HERZEGOVINA SOVEREIGN7646.94BOSNIA AND HERZEGOVINA SOVEREIGN4637.77BOSNIA AND HERZEGOVINA SOVEREIGN638107.48BOSNIA AND HERZEGOVINA SOVEREIGN628138.62BOSNIA AND HERZEGOVINA SOVEREIGN231888.45BOSNIA AND HERZEGOVINA SOVEREIGN446243.73BOSNIA AND HERZEGOVINA SOVEREIGN201411.49BOSNIA AND HERZEGOVINA SOVEREIGN221415.61BOSNIA AND HERZEGOVINA SOVEREIGN315850.7BOSNIA AND HERZEGOVINA SOVEREIGN274383.91BOSNIA AND HERZEGOVINA SOVEREIGN494610.69BOSNIA AND HERZEGOVINA SOVEREIGN214493.95BOSNIA AND HERZEGOVINA SOVEREIGN275131.66BOSNIA AND HERZEGOVINA SOVEREIGN346790.6BOSNIA AND HERZEGOVINA SOVEREIGN223869.72BOSNIA AND HERZEGOVINA SOVEREIGN151735.35BOSNIA AND HERZEGOVINA SOVEREIGN188729.96BOSNIA AND HERZEGOVINA SOVEREIGN208498.54BOSNIA AND HERZEGOVINA SOVEREIGN294039.02BOSNIA AND HERZEGOVINA SOVEREIGN212387.6BOSNIA AND HERZEGOVINA SOVEREIGN227564.3BOSNIA AND HERZEGOVINA SOVEREIGN89057.23BOSNIA AND HERZEGOVINA SOVEREIGNSTATESTATESTATESTATEThe Project will finance the priority investments into the water supply system in the Sarajevo Canton ("the Canton") to reduce leakages and to improve the quality of services provided by the Cantonal Public Utility Company "Vodovod i kanalizacija" d.o.o. Sarajevo ("the Company"). The priority investments include (i) purchase of new metering and control equipment (individual and bulk meters, telemetry); (ii) reconstruction of the water supply network in several parts of the Canton; and (iii) rehabilitation of pumping stations (including chlorination units). The City of Sarajevo is the capital of Bosnia and Herzegovina ("BiH") and the largest city in the country. The Canton is the regional administrative district surrounding the City of Sarajevo. The main purpose of the Project is to reduce water losses and eliminate cuts in water supply. This should assist the Company to reduce its operating costs through reduced consumption of electricity, to improve the quality of the service and the efficiency of the system (new more efficient pumps and control equipment). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48252XI-IATI-EBRD-53319European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to EUR 3 million in TND equivalent to Advans Tunisie ("AT") for on-lending to micro, small and medium-sized enterprises ("MSMEs") in Tunisia. The Project will assist Advans Tunisie in funding MSMEs in Tunisia.European Bank for Reconstruction and DevelopmentADVANS TUNISIE SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTUNIS36.81897 10.165792990595.59ADVANS TUNISIE SAPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to EUR 3 million in TND equivalent to Advans Tunisie ("AT") for on-lending to micro, small and medium-sized enterprises ("MSMEs") in Tunisia. The Project will assist Advans Tunisie in funding MSMEs in Tunisia. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53319XI-IATI-EBRD-50382European Bank for Reconstruction and DevelopmentProvision of a loan of up to USD 301 million in local currency split into two tranches under a sovereign guarantee to JSC KazAvtoZhol, 100 per cent state-owned national road operator. The first tranche of an amount equivalent to USD 235 million will finance the reconstruction of a 217 km long Atyrau Astrakhan road section of Trans-Caspian Road Transit Corridor. The second uncommitted tranche of an amount equivalent USD 66 million will finance construction of a 26 km bypass around Atyrau city adjacent to the road. * Reconstruction of the 217 km long Atyrau Astrakhan road in Kazakhstan. * Construction of a 26 km bypass around Atyrau city in Kazakhstan. * Contribution to the improved inter-regional connectivity, safety standards, increased road capacity and reduced travel time.European Bank for Reconstruction and DevelopmentKAZAVTOZHOL JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATYRAU47.11667 51.8833320067797.79187845252.54KAZAVTOZHOL JSC1480466.22KAZAVTOZHOL JSC3815532.7KAZAVTOZHOL JSC3539779.55KAZAVTOZHOL JSC3274296.77KAZAVTOZHOL JSC816368.89KAZAVTOZHOL JSC95628.8KAZAVTOZHOL JSC367998.07KAZAVTOZHOL JSC1159069.23KAZAVTOZHOL JSC69593.49KAZAVTOZHOL JSC697488.48KAZAVTOZHOL JSC39737.31KAZAVTOZHOL JSC2168379.55KAZAVTOZHOL JSC436072.78KAZAVTOZHOL JSC368279.04KAZAVTOZHOL JSC97352.11KAZAVTOZHOL JSC73487.92KAZAVTOZHOL JSC720944.02KAZAVTOZHOL JSC161340.49KAZAVTOZHOL JSC89552.29KAZAVTOZHOL JSC700963.24KAZAVTOZHOL JSC331935.66KAZAVTOZHOL JSC1036408.57KAZAVTOZHOL JSC176188.98KAZAVTOZHOL JSC204699.76KAZAVTOZHOL JSC81138.2KAZAVTOZHOL JSC154631.45KAZAVTOZHOL JSC101977.92KAZAVTOZHOL JSC209304.65KAZAVTOZHOL JSC508261.08KAZAVTOZHOL JSC541301.92KAZAVTOZHOL JSC397986.31KAZAVTOZHOL JSC349206.26KAZAVTOZHOL JSC384021.1KAZAVTOZHOL JSC1135285.75KAZAVTOZHOL JSC103593.83KAZAVTOZHOL JSC109318.48KAZAVTOZHOL JSC397994.62KAZAVTOZHOL JSC352689.74KAZAVTOZHOL JSC216670.94KAZAVTOZHOL JSC1616034.79KAZAVTOZHOL JSC97165.45KAZAVTOZHOL JSC219463.65KAZAVTOZHOL JSC20901.23KAZAVTOZHOL JSC1615158.93KAZAVTOZHOL JSC35180.07KAZAVTOZHOL JSC1531597.06KAZAVTOZHOL JSC1852351.26KAZAVTOZHOL JSC776931.51KAZAVTOZHOL JSC33722.14KAZAVTOZHOL JSC390718.12KAZAVTOZHOL JSC10597656.2KAZAVTOZHOL JSC539470.49KAZAVTOZHOL JSC875800.28KAZAVTOZHOL JSC1685257.02KAZAVTOZHOL JSC218909.93KAZAVTOZHOL JSC1522262.57KAZAVTOZHOL JSC3959702.25KAZAVTOZHOL JSC1156618.02KAZAVTOZHOL JSC49572.09KAZAVTOZHOL JSC1690684.89KAZAVTOZHOL JSC2077350.16KAZAVTOZHOL JSC2691477.25KAZAVTOZHOL JSC1717874.28KAZAVTOZHOL JSC473677.08KAZAVTOZHOL JSC156567.37KAZAVTOZHOL JSC985698.96KAZAVTOZHOL JSC89142.21KAZAVTOZHOL JSC450782.26KAZAVTOZHOL JSC726371.61KAZAVTOZHOL JSC927037.27KAZAVTOZHOL JSC591758.36KAZAVTOZHOL JSC1266943.1KAZAVTOZHOL JSC1369933.39KAZAVTOZHOL JSC319343.05KAZAVTOZHOL JSC1013734.66KAZAVTOZHOL JSC599443.47KAZAVTOZHOL JSC288633.81KAZAVTOZHOL JSC1349499.15KAZAVTOZHOL JSC159577.59KAZAVTOZHOL JSC812551.26KAZAVTOZHOL JSC718413.03KAZAVTOZHOL JSC396491.85KAZAVTOZHOL JSC813523.56KAZAVTOZHOL JSC450154.44KAZAVTOZHOL JSC933810.66KAZAVTOZHOL JSC2460367.38KAZAVTOZHOL JSC99178.76KAZAVTOZHOL JSC232142.7KAZAVTOZHOL JSC617156.23KAZAVTOZHOL JSC1467575.85KAZAVTOZHOL JSC1179320.77KAZAVTOZHOL JSC252577.03KAZAVTOZHOL JSC321235.76KAZAVTOZHOL JSC455477.88KAZAVTOZHOL JSC467006.92KAZAVTOZHOL JSC1212515.44KAZAVTOZHOL JSC699818.97KAZAVTOZHOL JSC1706488.77KAZAVTOZHOL JSC1148603.42KAZAVTOZHOL JSC599212.26KAZAVTOZHOL JSC3918190.29KAZAVTOZHOL JSC482084.25KAZAVTOZHOL JSC986024.21KAZAVTOZHOL JSC1606033.93KAZAVTOZHOL JSC1251700.73KAZAVTOZHOL JSC2572755.97KAZAVTOZHOL JSC651796.07KAZAVTOZHOL JSC796653.95KAZAVTOZHOL JSC827117.2KAZAVTOZHOL JSC685115.23KAZAVTOZHOL JSC584540.23KAZAVTOZHOL JSC611470.94KAZAVTOZHOL JSC371315.01KAZAVTOZHOL JSC282932.21KAZAVTOZHOL JSC1150473.31KAZAVTOZHOL JSC3587218.96KAZAVTOZHOL JSC2682254.6KAZAVTOZHOL JSC202801.11KAZAVTOZHOL JSC180233.99KAZAVTOZHOL JSC1064903.64KAZAVTOZHOL JSC56497.18KAZAVTOZHOL JSC40132.52KAZAVTOZHOL JSC1415648.8KAZAVTOZHOL JSC818948.55KAZAVTOZHOL JSC1277222.65KAZAVTOZHOL JSC1949769.5KAZAVTOZHOL JSC276365.18KAZAVTOZHOL JSC255124.8KAZAVTOZHOL JSC780246.96KAZAVTOZHOL JSC1455131.43KAZAVTOZHOL JSC146780.23KAZAVTOZHOL JSC1118041.19KAZAVTOZHOL JSC885497.45KAZAVTOZHOL JSC1161458.17KAZAVTOZHOL JSC177929.06KAZAVTOZHOL JSC502348.72KAZAVTOZHOL JSC1411152.43KAZAVTOZHOL JSC65456.46KAZAVTOZHOL JSC542194.04KAZAVTOZHOL JSC442395.98KAZAVTOZHOL JSC72210.15KAZAVTOZHOL JSC3185344.47KAZAVTOZHOL JSC1469990.81KAZAVTOZHOL JSC1616580.97KAZAVTOZHOL JSC485012.37KAZAVTOZHOL JSC468085.23KAZAVTOZHOL JSC481858.44KAZAVTOZHOL JSC325632.28KAZAVTOZHOL JSC71455.88KAZAVTOZHOL JSC1190740.19KAZAVTOZHOL JSC407756.16KAZAVTOZHOL JSC71639.57KAZAVTOZHOL JSC3963910.14KAZAVTOZHOL JSC605263.01KAZAVTOZHOL JSC1467110.32KAZAVTOZHOL JSC70860.46KAZAVTOZHOL JSC366049.73KAZAVTOZHOL JSC70426.52KAZAVTOZHOL JSC248521.72KAZAVTOZHOL JSC172558.06KAZAVTOZHOL JSC571927.19KAZAVTOZHOL JSC347053.77KAZAVTOZHOL JSC351303.9KAZAVTOZHOL JSC686276.74KAZAVTOZHOL JSC974874.88KAZAVTOZHOL JSC653271.91KAZAVTOZHOL JSC1504454.3KAZAVTOZHOL JSC254401.85KAZAVTOZHOL JSC117122.05KAZAVTOZHOL JSC1110148.45KAZAVTOZHOL JSC579481.99KAZAVTOZHOL JSC726484.15KAZAVTOZHOL JSC1920765.46KAZAVTOZHOL JSC70791.88KAZAVTOZHOL JSC303262.89KAZAVTOZHOL JSC355277.72KAZAVTOZHOL JSC315132.94KAZAVTOZHOL JSC642404.59KAZAVTOZHOL JSC626895.24KAZAVTOZHOL JSC402139.72KAZAVTOZHOL JSC1295344.82KAZAVTOZHOL JSC1372356.49KAZAVTOZHOL JSC129393.18KAZAVTOZHOL JSC1066193.65KAZAVTOZHOL JSC83805.15KAZAVTOZHOL JSC544004.92KAZAVTOZHOL JSC304161.37KAZAVTOZHOL JSC228768.34KAZAVTOZHOL JSC611421.19KAZAVTOZHOL JSC560158.26KAZAVTOZHOL JSC151138.95KAZAVTOZHOL JSC1083701.11KAZAVTOZHOL JSCSTATESTATESTATESTATEProvision of a loan of up to USD 301 million in local currency split into two tranches under a sovereign guarantee to JSC KazAvtoZhol, 100 per cent state-owned national road operator. The first tranche of an amount equivalent to USD 235 million will finance the reconstruction of a 217 km long Atyrau Astrakhan road section of Trans-Caspian Road Transit Corridor. The second uncommitted tranche of an amount equivalent USD 66 million will finance construction of a 26 km bypass around Atyrau city adjacent to the road. * Reconstruction of the 217 km long Atyrau Astrakhan road in Kazakhstan. * Construction of a 26 km bypass around Atyrau city in Kazakhstan. * Contribution to the improved inter-regional connectivity, safety standards, increased road capacity and reduced travel time. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50382XI-IATI-EBRD-56980European Bank for Reconstruction and DevelopmentThe provision of a sovereign loan of up to EUR 10.1 million to the Kyrgyz Republic in two tranches (both to be committed at signing) of up to EUR 5.9 million and EUR 4.2 million (the "EBRD Loan"). The funds to be on-lent to the Bishkek city (the "City") for the benefit of Bishkekteploenergo (BTE), a municipal district heating company wholly owned by the City administration to modernize the district heating (DH) infrastructure in Bishkek (the "Project"). The Project will be co-financed by a concessional loan of up to EUR 5.9 million from the Green Climate Fund (the "GCF Loan") under the GCF Green Cities Facility, as well as by an investment grant of up to EUR 4.2 million from an international donor or the EBRD's Shareholder Special Fund (SSF). The EBRD Loan and the GCF Loan will have a tenor of 18 years, including a 4-year grace period under the EBRD Loan and a 6-year grace period under the GCF Loan. Tranche I EBRD Loan and GCF Loan will be disbursed pro-rata. The Project aims to tackle environmental challenges related to Bishkek's worn-out and outdated district energy infrastructure. This is a follow-on investment under the EBRD Green Cities Programme, directly supporting the implementation of energy sector priority actions in the Green City Action Plan (GCAP). Strengthening this critical service will support sustainable urban expansion, enhance living conditions for residents, allow the integration of renewable and waste heat-based heat sources, and align Bishkek with regional and global commitments to sustainable growth.European Bank for Reconstruction and DevelopmentKYRGYZ REPUBLIC SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBISHKEK42.87 74.591010000010100000KYRGYZ REPUBLIC SOVEREIGNSTATESTATESTATESTATEThe provision of a sovereign loan of up to EUR 10.1 million to the Kyrgyz Republic in two tranches (both to be committed at signing) of up to EUR 5.9 million and EUR 4.2 million (the "EBRD Loan"). The funds to be on-lent to the Bishkek city (the "City") for the benefit of Bishkekteploenergo (BTE), a municipal district heating company wholly owned by the City administration to modernize the district heating (DH) infrastructure in Bishkek (the "Project"). The Project will be co-financed by a concessional loan of up to EUR 5.9 million from the Green Climate Fund (the "GCF Loan") under the GCF Green Cities Facility, as well as by an investment grant of up to EUR 4.2 million from an international donor or the EBRD's Shareholder Special Fund (SSF). The EBRD Loan and the GCF Loan will have a tenor of 18 years, including a 4-year grace period under the EBRD Loan and a 6-year grace period under the GCF Loan. Tranche I EBRD Loan and GCF Loan will be disbursed pro-rata. The Project aims to tackle environmental challenges related to Bishkek's worn-out and outdated district energy infrastructure. This is a follow-on investment under the EBRD Green Cities Programme, directly supporting the implementation of energy sector priority actions in the Green City Action Plan (GCAP). Strengthening this critical service will support sustainable urban expansion, enhance living conditions for residents, allow the integration of renewable and waste heat-based heat sources, and align Bishkek with regional and global commitments to sustainable growth. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56980XI-IATI-EBRD-51704European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan under the Western Balkans Women in Business Programme Phase II for on-lending to eligible women-led micro, small and medium-sized enterprises (MSMEs) for the amount of up to EUR 2m. The proceeds of the Bank's investment will be used for sub-lending to eligible Women-led MSMEs in accordance with the programme's policies and goals.European Bank for Reconstruction and DevelopmentRAIFFEISEN BANK DD BOSNIA AND HERZEGOVINAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.356442000000RAIFFEISEN BANK DD BOSNIA AND HERZEGOVINAPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan under the Western Balkans Women in Business Programme Phase II for on-lending to eligible women-led micro, small and medium-sized enterprises (MSMEs) for the amount of up to EUR 2m. The proceeds of the Bank's investment will be used for sub-lending to eligible Women-led MSMEs in accordance with the programme's policies and goals. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51704XI-IATI-EBRD-47374European Bank for Reconstruction and DevelopmentThe EBRD has invested in the City of Bucharest's ('City') recent RON 2.2 billion Bond Programme. The Bank has been extremely active in supporting the development of Romania's capital markets, and has been an investor in several local currency bonds. The Bucharest bond is seen as ground breaking as it is the first local-currency bond issuance programme of the City and the first large scale publicly traded municipal bond listed on the Bucharest Stock Exchange. As the Bond Programme consists of four roughly equal tranches of 3, 5, 7 and 10 year bonds, successful issuance creates a domestic yield curve for the City. The local currency bond programme mitigates forex and devaluation risk by switching its long-term funding from foreign to local currency and will also assist in building a capital market yield curve for municipalities. In the build up to the bond, the EBRD was involved in policy dialogue to support clearing and settlement reform. EBRD focused its support on the longer tenors where it envisaged demand would be weaker. Null ValueEuropean Bank for Reconstruction and DevelopmentCITY OF BUCHARESTEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUCHAREST44.43225 26.1062663561202.48CITY OF BUCHAREST63561202.48CITY OF BUCHARESTSTATESTATESTATESTATEThe EBRD has invested in the City of Bucharest's ('City') recent RON 2.2 billion Bond Programme. The Bank has been extremely active in supporting the development of Romania's capital markets, and has been an investor in several local currency bonds. The Bucharest bond is seen as ground breaking as it is the first local-currency bond issuance programme of the City and the first large scale publicly traded municipal bond listed on the Bucharest Stock Exchange. As the Bond Programme consists of four roughly equal tranches of 3, 5, 7 and 10 year bonds, successful issuance creates a domestic yield curve for the City. The local currency bond programme mitigates forex and devaluation risk by switching its long-term funding from foreign to local currency and will also assist in building a capital market yield curve for municipalities. In the build up to the bond, the EBRD was involved in policy dialogue to support clearing and settlement reform. EBRD focused its support on the longer tenors where it envisaged demand would be weaker. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47374XI-IATI-EBRD-56898European Bank for Reconstruction and DevelopmentThe provision €15 million senior secured loan to Green Line Trading LLC (Green Line Trading) and its subsidiary, GLT Star LLC (GLT Star) jointly referred to as the Group. Green Line Trading and GLT Star are among leading local distributors of fast moving consumer goods (FMCG) in Uzbekistan. The loan will finance the construction of an energy-efficiet Class B warehouse and support the Group's working capital needs. Thed funds will be used to expand nationwide coverage and diversify the Group's distribution product portfolio. The project will facilitate the installation of rooftop solar PV panels, which are expected to supply approximately 30 per cent of the facility's electricity demand.European Bank for Reconstruction and DevelopmentGREEN LINE TRADING LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.21627600000015000000GREEN LINE TRADING LLCPRIVATEPRIVATEPRIVATEThe provision €15 million senior secured loan to Green Line Trading LLC (Green Line Trading) and its subsidiary, GLT Star LLC (GLT Star) jointly referred to as the Group. Green Line Trading and GLT Star are among leading local distributors of fast moving consumer goods (FMCG) in Uzbekistan. The loan will finance the construction of an energy-efficiet Class B warehouse and support the Group's working capital needs. Thed funds will be used to expand nationwide coverage and diversify the Group's distribution product portfolio. The project will facilitate the installation of rooftop solar PV panels, which are expected to supply approximately 30 per cent of the facility's electricity demand. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56898XI-IATI-EBRD-55176European Bank for Reconstruction and DevelopmentThe provision of a senior loan of US$ 10million to Gobi JSC, Mongolia's largest integrated cashmere processor and garment producer, for working capital financing. The project will support growth and competitiveness of the company by financing its additional working capital needs to build up inventory during the procurement season of cashmere wool. The Loan will help Gobi to substantially expand its supplier and customer base.European Bank for Reconstruction and DevelopmentGOBI JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGULAANBAATAR47.90771 106.883248671469.05GOBI JSCPRIVATEPRIVATEPRIVATEThe provision of a senior loan of US$ 10million to Gobi JSC, Mongolia's largest integrated cashmere processor and garment producer, for working capital financing. The project will support growth and competitiveness of the company by financing its additional working capital needs to build up inventory during the procurement season of cashmere wool. The Loan will help Gobi to substantially expand its supplier and customer base. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55176XI-IATI-EBRD-54947European Bank for Reconstruction and DevelopmentA senior secured loan of up to EUR 7 million to be provided in one single tranche to UniCredit Bank d.d. Mostar ("UCM") under the Western Balkans GEFF III REpower Residential Programme ("GEFF III" or the "Framework"). The loan is intended to make available financing for investments in high-performance energy efficiency technologies, materials and solutions undertaken in or in relation to privately owned residential dwellings or buildings, construction of GET-eligible High energy Performance Residential Buildings (HPRBs) and eligible Energy Efficiency and/or Renewable Energy projects in the Public Sector. 100% of the use of proceeds will be related to investments eligible under the EBRD's Green Economy Transition ("GET") approach.European Bank for Reconstruction and DevelopmentUNICREDIT BANK DDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGMOSTAR43.34333 17.8080635000007000000UNICREDIT BANK DDPRIVATEPRIVATEPRIVATEA senior secured loan of up to EUR 7 million to be provided in one single tranche to UniCredit Bank d.d. Mostar ("UCM") under the Western Balkans GEFF III REpower Residential Programme ("GEFF III" or the "Framework"). The loan is intended to make available financing for investments in high-performance energy efficiency technologies, materials and solutions undertaken in or in relation to privately owned residential dwellings or buildings, construction of GET-eligible High energy Performance Residential Buildings (HPRBs) and eligible Energy Efficiency and/or Renewable Energy projects in the Public Sector. 100% of the use of proceeds will be related to investments eligible under the EBRD's Green Economy Transition ("GET") approach. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54947XI-IATI-EBRD-55437European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to € 2 million under the Go Digital Pilot in BiH programme (the "Programme"). The Programme is supported with donor funds in the total amount of EUR 10.98m from the European Union. The Project supports the aim of the Programme to: (i) improve SMEs' access to finance in order to invest additional resources to introduce EU standards through the provision of financing and investment incentives; (ii) pilot an approach to supporting SMEs that invest in automation and digitalisation, (iii) support transition to a green economy ("GET technologies") by targeting a GET-eligible share of at least 60 per cent, and (iv) increase the awareness and knowledge of SMEs in BiH through the Advice for Small Business ("ASB") services with a focus on automation and digitalisation projects.European Bank for Reconstruction and DevelopmentPROCREDIT BANK DDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.356442000000PROCREDIT BANK DDPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to € 2 million under the Go Digital Pilot in BiH programme (the "Programme"). The Programme is supported with donor funds in the total amount of EUR 10.98m from the European Union. The Project supports the aim of the Programme to: (i) improve SMEs' access to finance in order to invest additional resources to introduce EU standards through the provision of financing and investment incentives; (ii) pilot an approach to supporting SMEs that invest in automation and digitalisation, (iii) support transition to a green economy ("GET technologies") by targeting a GET-eligible share of at least 60 per cent, and (iv) increase the awareness and knowledge of SMEs in BiH through the Advice for Small Business ("ASB") services with a focus on automation and digitalisation projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55437XI-IATI-EBRD-57344European Bank for Reconstruction and DevelopmentII - Shop Circle - Equity investment into Shop Circle, a buy and build platform of B2B software companies Equity investment in Shop Circle Ltd a company incorporated in the United Kingdom, as part of a Series B extension financing roundEuropean Bank for Reconstruction and DevelopmentSHOP CIRCLE LTDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.3564420000000SHOP CIRCLE LTDPRIVATEPRIVATEPRIVATEEquity investment into Shop Circle, a buy and build platform of B2B software companies Equity investment in Shop Circle Ltd a company incorporated in the United Kingdom, as part of a Series B extension financing round For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57344XI-IATI-EBRD-53901European Bank for Reconstruction and DevelopmentA loan of up to EUR 15 million to the Romanian Municipality of Alba-Iulia, to co-finance, alongside the EU, the rehabilitation of the transport network of the City. This project will serve as a trigger investment under the Green Cities Framework 2 Window II (GrCF2 W2) for Alba-Iulia to join EBRD Green Cities and develop its Green City Action Plan. The investments will result in GHG and other pollutant emissions reduction, reduced traffic congestion, and a more efficient use of the transport network.European Bank for Reconstruction and DevelopmentCITY OF ALBA IULIAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGALBA IULIA46.06667 23.5833315000000CITY OF ALBA IULIA1883585.81CITY OF ALBA IULIA2460137.92CITY OF ALBA IULIA1128376.09CITY OF ALBA IULIA2221048.29CITY OF ALBA IULIA2263171.85CITY OF ALBA IULIA2407872.01CITY OF ALBA IULIA2089800.92CITY OF ALBA IULIASTATESTATESTATESTATEA loan of up to EUR 15 million to the Romanian Municipality of Alba-Iulia, to co-finance, alongside the EU, the rehabilitation of the transport network of the City. This project will serve as a trigger investment under the Green Cities Framework 2 Window II (GrCF2 W2) for Alba-Iulia to join EBRD Green Cities and develop its Green City Action Plan. The investments will result in GHG and other pollutant emissions reduction, reduced traffic congestion, and a more efficient use of the transport network. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53901XI-IATI-EBRD-47896European Bank for Reconstruction and DevelopmentThe provision of a sovereign loan of up €4 million to finance the second stage of the Jalal-Abad water and wastewater rehabilitation project in the Kyrgyz Republic. The proceeds of the sovereign loan will be on-lent to the City of Jalal-Abad (the "City") for the benefit of the municipal water and wastewater company "Vodokanal" (the "Company") and be used to finance further critical water and wastewater investments in the City including the rehabilitation of water and wastewater networks, metering, the construction of a new waste water treatment plat (WWTP) and the procurement of laboratory equipment. The financing plan also includes an investment grant of € 4.0 million from the EBRD Shareholder Special Fund ("SSF") to facilitate the implementation of the project. The project will also benefit from a € 125,000 grant from the EBRD Water Fund to finance modernisation of the water laboratory in Jalal-Abad. The Project will also support the City in developing and adopting a targeted social support programme for low income customers. Project-funded Stakeholder Participation Programme ("SPP") will further enhance awareness among the population and strengthen formal communication channels between the City, the Company and the population on water and wastewater-related issues. 1. Rehabilitation of the water supply and wastewater infrastructure in the City of Jalal-Abad; and 2. Improvement of the Client's financial and operational management.European Bank for Reconstruction and DevelopmentKYRGYZ REPUBLIC SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGJALAL-ABAD40.93333 73458750.914000000KYRGYZ REPUBLIC SOVEREIGN40000KYRGYZ REPUBLIC SOVEREIGN62674.71KYRGYZ REPUBLIC SOVEREIGN144001.79KYRGYZ REPUBLIC SOVEREIGN236597.2KYRGYZ REPUBLIC SOVEREIGN92531.1KYRGYZ REPUBLIC SOVEREIGN181591.77KYRGYZ REPUBLIC SOVEREIGN11443.77KYRGYZ REPUBLIC SOVEREIGN548888.89KYRGYZ REPUBLIC SOVEREIGN333945.33KYRGYZ REPUBLIC SOVEREIGN350075.58KYRGYZ REPUBLIC SOVEREIGN165332.62KYRGYZ REPUBLIC SOVEREIGN544620.09KYRGYZ REPUBLIC SOVEREIGN69568.31KYRGYZ REPUBLIC SOVEREIGN210488.02KYRGYZ REPUBLIC SOVEREIGN256947.77KYRGYZ REPUBLIC SOVEREIGN178748.1KYRGYZ REPUBLIC SOVEREIGN113794.04KYRGYZ REPUBLIC SOVEREIGNSTATESTATESTATESTATEThe provision of a sovereign loan of up €4 million to finance the second stage of the Jalal-Abad water and wastewater rehabilitation project in the Kyrgyz Republic. The proceeds of the sovereign loan will be on-lent to the City of Jalal-Abad (the "City") for the benefit of the municipal water and wastewater company "Vodokanal" (the "Company") and be used to finance further critical water and wastewater investments in the City including the rehabilitation of water and wastewater networks, metering, the construction of a new waste water treatment plat (WWTP) and the procurement of laboratory equipment. The financing plan also includes an investment grant of € 4.0 million from the EBRD Shareholder Special Fund ("SSF") to facilitate the implementation of the project. The project will also benefit from a € 125,000 grant from the EBRD Water Fund to finance modernisation of the water laboratory in Jalal-Abad. The Project will also support the City in developing and adopting a targeted social support programme for low income customers. Project-funded Stakeholder Participation Programme ("SPP") will further enhance awareness among the population and strengthen formal communication channels between the City, the Company and the population on water and wastewater-related issues. 1. Rehabilitation of the water supply and wastewater infrastructure in the City of Jalal-Abad; and 2. Improvement of the Client's financial and operational management. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47896XI-IATI-EBRD-50848European Bank for Reconstruction and DevelopmentProvision of a sovereign loan to the Republic of Serbia (the "Client") in an amount of EUR 48 million to finance the construction and rehabilitation of critical irrigation infrastructure in three distinct regions of Serbia: Negotin (Eastern Serbia), Svilajnac (Central Serbia) and Vojvodina (Northern Serbia). The investments will be financed from an initial loan to the Republic of Serbia in the amount of up to EUR 30 million and Loan Extensions totalling EUR 18 million (to be signed in 2023). Financing of the Programme is split into two phases: (i) Loan I (for investments in Negotin and Svilajnac) of up to EUR 15 million, which was signed in December 2019 and which will be completed by a Loan Extension of EUR 10 million, and (ii) Loan II (for investments in Vojvodina) of up to EUR 15 million, which was signed in 2021 and which will be completed by a Loan Extension of EUR 8 million. The Programme is being implemented by two Public Water Management Companies ("PMWC"), PMWC Srbijavode for Loan I and PMWC Vode Vojvodine for Loan II, in coordination with the Ministry of Agriculture, Forestry, and Water Management ("MAFWM"), and respective municipalities. The Loan Extensions are required to cover (i) recent material costs' increase that have negatively impacted the total investment cost, and (ii) project preparation for the Pambukovica dam, a critical infrastructure investment to ensure flooding protection and which, at later stage, will serve irrigation purposes. The Programme also entails continuation of policy dialogue with the MAFWM by assisting in preparation of the country's first Irrigation Strategy and a five-year Action Plan. Agriculture plays an important economic role in Serbia, representing 6 per cent of the GDP. However, irrigation infrastructure is obsolete and irrigated areas remain constrained through a lack of sustainable water resources. Moreover, the country's climate related vulnerability is increasing (according to recent estimates, 30 per cent of the total country area and 52 per cent of agricultural land is vulnerable to rainwater related flooding or water logging). Therefore, the Government of Serbia has decided to engage in upgrading, expanding and modernising its irrigation infrastructure to sustain Serbia's climate resilience and support its agricultural sector, including a shift towards higher yield-crops. Additionally, the rehabilitation of Serbia's aged irrigation and water infrastructure is expected to contribute to water and energy savings.European Bank for Reconstruction and DevelopmentSERBIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651314979311.3825000000SERBIA SOVEREIGN150000SERBIA SOVEREIGN34990SERBIA SOVEREIGN125964SERBIA SOVEREIGN1154771.92SERBIA SOVEREIGN112502SERBIA SOVEREIGN351044.06SERBIA SOVEREIGN403740.32SERBIA SOVEREIGN387000.78SERBIA SOVEREIGN100000SERBIA SOVEREIGN147548.22SERBIA SOVEREIGN154817.88SERBIA SOVEREIGN81897.34SERBIA SOVEREIGN9640SERBIA SOVEREIGN540993.72SERBIA SOVEREIGN101942SERBIA SOVEREIGN9640SERBIA SOVEREIGN395795.7SERBIA SOVEREIGN290750.14SERBIA SOVEREIGN215063.28SERBIA SOVEREIGN190234.61SERBIA SOVEREIGN20180SERBIA SOVEREIGN357900SERBIA SOVEREIGN262619.84SERBIA SOVEREIGN185187.09SERBIA SOVEREIGN254582.05SERBIA SOVEREIGN11440SERBIA SOVEREIGN212239.94SERBIA SOVEREIGN11140SERBIA SOVEREIGN165838.13SERBIA SOVEREIGN11140SERBIA SOVEREIGN386565.5SERBIA SOVEREIGN582163.85SERBIA SOVEREIGN10840SERBIA SOVEREIGN794881.01SERBIA SOVEREIGN271425SERBIA SOVEREIGN901949.74SERBIA SOVEREIGN386565.5SERBIA SOVEREIGN3060SERBIA SOVEREIGN232635SERBIA SOVEREIGNSTATESTATESTATESTATEProvision of a sovereign loan to the Republic of Serbia (the "Client") in an amount of EUR 48 million to finance the construction and rehabilitation of critical irrigation infrastructure in three distinct regions of Serbia: Negotin (Eastern Serbia), Svilajnac (Central Serbia) and Vojvodina (Northern Serbia). The investments will be financed from an initial loan to the Republic of Serbia in the amount of up to EUR 30 million and Loan Extensions totalling EUR 18 million (to be signed in 2023). Financing of the Programme is split into two phases: (i) Loan I (for investments in Negotin and Svilajnac) of up to EUR 15 million, which was signed in December 2019 and which will be completed by a Loan Extension of EUR 10 million, and (ii) Loan II (for investments in Vojvodina) of up to EUR 15 million, which was signed in 2021 and which will be completed by a Loan Extension of EUR 8 million. The Programme is being implemented by two Public Water Management Companies ("PMWC"), PMWC Srbijavode for Loan I and PMWC Vode Vojvodine for Loan II, in coordination with the Ministry of Agriculture, Forestry, and Water Management ("MAFWM"), and respective municipalities. The Loan Extensions are required to cover (i) recent material costs' increase that have negatively impacted the total investment cost, and (ii) project preparation for the Pambukovica dam, a critical infrastructure investment to ensure flooding protection and which, at later stage, will serve irrigation purposes. The Programme also entails continuation of policy dialogue with the MAFWM by assisting in preparation of the country's first Irrigation Strategy and a five-year Action Plan. Agriculture plays an important economic role in Serbia, representing 6 per cent of the GDP. However, irrigation infrastructure is obsolete and irrigated areas remain constrained through a lack of sustainable water resources. Moreover, the country's climate related vulnerability is increasing (according to recent estimates, 30 per cent of the total country area and 52 per cent of agricultural land is vulnerable to rainwater related flooding or water logging). Therefore, the Government of Serbia has decided to engage in upgrading, expanding and modernising its irrigation infrastructure to sustain Serbia's climate resilience and support its agricultural sector, including a shift towards higher yield-crops. Additionally, the rehabilitation of Serbia's aged irrigation and water infrastructure is expected to contribute to water and energy savings. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50848XI-IATI-EBRD-51187European Bank for Reconstruction and DevelopmentEBRD, together with the Enterprise Expansion Fund ("ENEF"), to provide financing to HTEC doo Beograd ("HTEC" or the "borrower") in the form of a EUR 12.0m long term loan to support HTEC's growth and development strategy, the first stage of which envisages the acquisition of the well-established Serbian IT company Execom doo Novi Sad ("Execom" or the "target"). The project will enable the development of HTEC's strong regional R&D hub in the Western Balkans which in return will support local engineering talent and help offer world class services much needed under the conditions of remote working patterns.European Bank for Reconstruction and DevelopmentHIGH TECH ENGINEERING CENTER DOO BEOGRADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.465136000000HIGH TECH ENGINEERING CENTER DOO BEOGRADPRIVATEPRIVATEPRIVATEEBRD, together with the Enterprise Expansion Fund ("ENEF"), to provide financing to HTEC doo Beograd ("HTEC" or the "borrower") in the form of a EUR 12.0m long term loan to support HTEC's growth and development strategy, the first stage of which envisages the acquisition of the well-established Serbian IT company Execom doo Novi Sad ("Execom" or the "target"). The project will enable the development of HTEC's strong regional R&D hub in the Western Balkans which in return will support local engineering talent and help offer world class services much needed under the conditions of remote working patterns. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51187XI-IATI-EBRD-51380European Bank for Reconstruction and DevelopmentProvision of a long-term senior unsecured loan of up to EUR 150 million in favour of Warehouses De Pauw NV ("WDP" or the "Company"), a Belgian public limited company, to finance part of the company's development program of logistic and light industrial facilities in Romania. The project will enable WDP to expand its portfolio of industrial and light manufacturing real estate in Romania and thus support the development of A-class sustainable industrial real estate in the country.European Bank for Reconstruction and DevelopmentWAREHOUSES DE PAUW NVEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUCHAREST44.43225 26.10626150000000WAREHOUSES DE PAUW NVPRIVATEPRIVATEPRIVATEProvision of a long-term senior unsecured loan of up to EUR 150 million in favour of Warehouses De Pauw NV ("WDP" or the "Company"), a Belgian public limited company, to finance part of the company's development program of logistic and light industrial facilities in Romania. The project will enable WDP to expand its portfolio of industrial and light manufacturing real estate in Romania and thus support the development of A-class sustainable industrial real estate in the country. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51380XI-IATI-EBRD-55511European Bank for Reconstruction and DevelopmentProvision of a tranched sovereign loan in the amount of up to €200 million to the state of Montenegro (the "Borrower"), represented by the Ministry of Finance, for the benefit of Monteput (the "Company", or the "Client"), the state-owned enterprise, responsible for the construction, maintenance and operation of Montenegro's highway, motorways and the Sozina tunnel. The loan will finance the construction of the Matesevo - Andrijevica section, approximately 22 km in length of the Bar - Boljare Highway (the "Project"). The Project will be implemented in accordance with Yellow FIDIC contract terms, under a 'Design and Build' contract. The Project is complex due to the challenging mountainous terrain from Matesevo (at an altitude of approximately 1,060 m) to Andrijevica (at an altitude of around 780 m). The Project is expected to be co-financed with investment grants provided by the European Union ("EU"). The Project will support the development of the Bar - Boljare Highway, which is a strategic priority for Montenegro. The Bar-Boljare Highway is part of Route 4 of the Core Network of the Western Balkans and has been established as an indicative extension of the Trans-European Transport Networks ("TEN-T"). The Project will support Montenegro's economic development and contribute to the country's regional integration by improving connectivity of Podgorica and coastal area on one side and northern part of the country and neighbouring Serbia and Central Europe, on the other. The Bar - Boljare Highway is of utmost importance for Montenegro and the Western Balkans as it aims to establish a vital transportation route connecting the Port of Bar with Podgorica and further extending it to the Serbian border and Belgrade. This highway is set to act as a pivotal infrastructure component providing efficient connectivity between major cities and key transport hubs in the region while offering diverse transportation options.European Bank for Reconstruction and DevelopmentMONTENEGRO SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPODGORICA42.44111 19.2636199000000100000000MONTENEGRO SOVEREIGN1000000MONTENEGRO SOVEREIGNSTATESTATESTATESTATEProvision of a tranched sovereign loan in the amount of up to €200 million to the state of Montenegro (the "Borrower"), represented by the Ministry of Finance, for the benefit of Monteput (the "Company", or the "Client"), the state-owned enterprise, responsible for the construction, maintenance and operation of Montenegro's highway, motorways and the Sozina tunnel. The loan will finance the construction of the Matesevo - Andrijevica section, approximately 22 km in length of the Bar - Boljare Highway (the "Project"). The Project will be implemented in accordance with Yellow FIDIC contract terms, under a 'Design and Build' contract. The Project is complex due to the challenging mountainous terrain from Matesevo (at an altitude of approximately 1,060 m) to Andrijevica (at an altitude of around 780 m). The Project is expected to be co-financed with investment grants provided by the European Union ("EU"). The Project will support the development of the Bar - Boljare Highway, which is a strategic priority for Montenegro. The Bar-Boljare Highway is part of Route 4 of the Core Network of the Western Balkans and has been established as an indicative extension of the Trans-European Transport Networks ("TEN-T"). The Project will support Montenegro's economic development and contribute to the country's regional integration by improving connectivity of Podgorica and coastal area on one side and northern part of the country and neighbouring Serbia and Central Europe, on the other. The Bar - Boljare Highway is of utmost importance for Montenegro and the Western Balkans as it aims to establish a vital transportation route connecting the Port of Bar with Podgorica and further extending it to the Serbian border and Belgrade. This highway is set to act as a pivotal infrastructure component providing efficient connectivity between major cities and key transport hubs in the region while offering diverse transportation options. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55511XI-IATI-EBRD-53324European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to €3 million to be provided in three equal tranches under the Western Balkans Green Economy Financing Facility II (WB GEFF II). The facility will support investments in high-performance green technologies, materials and solutions undertaken in privately-owned residential dwellings or buildings. Sub-projects will be selected according to technical and financial eligibility criteria set forth in the Policy Statement for WB GEFF II. 100 per cent of the use of proceeds will be related to Green Economy Transition investments.European Bank for Reconstruction and DevelopmentKEP TRUSTEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRISTINA42.67272 21.166882000000KEP TRUSTPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to €3 million to be provided in three equal tranches under the Western Balkans Green Economy Financing Facility II (WB GEFF II). The facility will support investments in high-performance green technologies, materials and solutions undertaken in privately-owned residential dwellings or buildings. Sub-projects will be selected according to technical and financial eligibility criteria set forth in the Policy Statement for WB GEFF II. 100 per cent of the use of proceeds will be related to Green Economy Transition investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53324XI-IATI-EBRD-49058European Bank for Reconstruction and DevelopmentProvision of a sovereign-guaranteed loan of up to EUR 275 million to the Motorways of the Federation of Bosnia and Herzegovina (the "Company" or the "FBHM") to construct three new key sections of Corridor Vc with a total length of approximately 15.8 km (the "Project"). The loan is composed of two tranches as follows: * Tranche 1 in the amount of up to EUR 215 million to finance the construction of two motorway sections as follows: - EUR 50 million to finance the construction of Tunnel Ivan approximately 2 km in length; and - EUR 165 million to co-finance with the EIB the construction of a motorways section from Poprikusa to Nemila, approximately 5.1 km in length. * Tranche 2 in the amount of up to EUR 60 million to finance the construction of a motorway section from the Mostar South Interchange to Tunnel Kvanj, approximately 8.7 km in length. Tranche 2 was uncommitted at the time of approval. The commitment of Tranche 2 was approved by the EBRD's Board of Directors on 25 February 2021. Tranche 1 is increased from the originally approved EUR 120 million to EUR 215 million to cover cost increases for Poprikuse - Nemila works contract. The Project is a follow-on operation to the Bank's previous projects for the construction of key motorway sections of Corridor Vc in Bosnia and Herzegovina (BiH) which connects Port of Ploce in Croatia with Budapest and is part of the Western Balkans Core Network. Support of BiH's economic development and contribution to its regional and European integration by improving connectivity between its main cities and between BiH and neighbouring countries.European Bank for Reconstruction and DevelopmentBOSNIA AND HERZEGOVINA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.3564459400000275000000BOSNIA AND HERZEGOVINA SOVEREIGN1200000BOSNIA AND HERZEGOVINA SOVEREIGN13202286.3BOSNIA AND HERZEGOVINA SOVEREIGN1185782.35BOSNIA AND HERZEGOVINA SOVEREIGN17782841.66BOSNIA AND HERZEGOVINA SOVEREIGN958993.81BOSNIA AND HERZEGOVINA SOVEREIGN2166268.56BOSNIA AND HERZEGOVINA SOVEREIGN2282642.46BOSNIA AND HERZEGOVINA SOVEREIGN2301786.2BOSNIA AND HERZEGOVINA SOVEREIGN1346745.61BOSNIA AND HERZEGOVINA SOVEREIGN434227.53BOSNIA AND HERZEGOVINA SOVEREIGN600000BOSNIA AND HERZEGOVINA SOVEREIGN1898186.11BOSNIA AND HERZEGOVINA SOVEREIGN4095460.28BOSNIA AND HERZEGOVINA SOVEREIGN2989159.38BOSNIA AND HERZEGOVINA SOVEREIGN4828188.88BOSNIA AND HERZEGOVINA SOVEREIGN1123878.45BOSNIA AND HERZEGOVINA SOVEREIGN4544796.02BOSNIA AND HERZEGOVINA SOVEREIGN1283422.5BOSNIA AND HERZEGOVINA SOVEREIGN3320169.74BOSNIA AND HERZEGOVINA SOVEREIGN1832360.38BOSNIA AND HERZEGOVINA SOVEREIGN4817406.81BOSNIA AND HERZEGOVINA SOVEREIGN1748633.65BOSNIA AND HERZEGOVINA SOVEREIGN2982351.53BOSNIA AND HERZEGOVINA SOVEREIGN4864941.12BOSNIA AND HERZEGOVINA SOVEREIGN2135411BOSNIA AND HERZEGOVINA SOVEREIGN3175030.64BOSNIA AND HERZEGOVINA SOVEREIGN5149759.73BOSNIA AND HERZEGOVINA SOVEREIGN5287883.54BOSNIA AND HERZEGOVINA SOVEREIGN4527157.9BOSNIA AND HERZEGOVINA SOVEREIGN2003618.16BOSNIA AND HERZEGOVINA SOVEREIGN1974445.43BOSNIA AND HERZEGOVINA SOVEREIGN2697328.24BOSNIA AND HERZEGOVINA SOVEREIGN2600357.33BOSNIA AND HERZEGOVINA SOVEREIGN4046797.34BOSNIA AND HERZEGOVINA SOVEREIGN511681.36BOSNIA AND HERZEGOVINA SOVEREIGN2700000BOSNIA AND HERZEGOVINA SOVEREIGN950000BOSNIA AND HERZEGOVINA SOVEREIGN94050000BOSNIA AND HERZEGOVINA SOVEREIGNSTATESTATESTATESTATEProvision of a sovereign-guaranteed loan of up to EUR 275 million to the Motorways of the Federation of Bosnia and Herzegovina (the "Company" or the "FBHM") to construct three new key sections of Corridor Vc with a total length of approximately 15.8 km (the "Project"). The loan is composed of two tranches as follows: * Tranche 1 in the amount of up to EUR 215 million to finance the construction of two motorway sections as follows: - EUR 50 million to finance the construction of Tunnel Ivan approximately 2 km in length; and - EUR 165 million to co-finance with the EIB the construction of a motorways section from Poprikusa to Nemila, approximately 5.1 km in length. * Tranche 2 in the amount of up to EUR 60 million to finance the construction of a motorway section from the Mostar South Interchange to Tunnel Kvanj, approximately 8.7 km in length. Tranche 2 was uncommitted at the time of approval. The commitment of Tranche 2 was approved by the EBRD's Board of Directors on 25 February 2021. Tranche 1 is increased from the originally approved EUR 120 million to EUR 215 million to cover cost increases for Poprikuse - Nemila works contract. The Project is a follow-on operation to the Bank's previous projects for the construction of key motorway sections of Corridor Vc in Bosnia and Herzegovina (BiH) which connects Port of Ploce in Croatia with Budapest and is part of the Western Balkans Core Network. Support of BiH's economic development and contribution to its regional and European integration by improving connectivity between its main cities and between BiH and neighbouring countries. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49058XI-IATI-EBRD-51776European Bank for Reconstruction and DevelopmentProvision of senior debt financing to finance the construction and operation of a 50 MW solar PV plant under the first round of large scale solar IPP in Tunisia. The Project will further promote private sector participation in the Tunisian power sector and increase the share of renewable energy in the energy mix in line with the nationally declared targets. The Project will add 50 MW of green generation capacity to the Tunisian power system - currently dominated by gas-fired power plants (94.7% of installed capacity) to support the country's low-carbon transition by reducing its reliance on thermal power generation.European Bank for Reconstruction and DevelopmentSCATEC SIDI BOUZID MEZZOUNA PV POWEREuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSIDI BOUZID35.03823 9.484946233800SCATEC SIDI BOUZID MEZZOUNA PV POWERPRIVATEPRIVATEPRIVATEProvision of senior debt financing to finance the construction and operation of a 50 MW solar PV plant under the first round of large scale solar IPP in Tunisia. The Project will further promote private sector participation in the Tunisian power sector and increase the share of renewable energy in the energy mix in line with the nationally declared targets. The Project will add 50 MW of green generation capacity to the Tunisian power system - currently dominated by gas-fired power plants (94.7% of installed capacity) to support the country's low-carbon transition by reducing its reliance on thermal power generation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51776XI-IATI-EBRD-56465European Bank for Reconstruction and DevelopmentProvision of up to USD 25 million loan to Aya Gold & Silver Inc. to support its exploration programme at Boumadine. The transaction presents another opportunity to support the Company, which is an existing client of the EBRD via USD 100 million project finance loan provided for expansion and upgrade of Aya's Zgounder silver mine in Morocco. The project will enable to support an independent mining company in Morocco to diversify its portfolio and expand its production capabilities beyond the established Zgounder silver mine.European Bank for Reconstruction and DevelopmentAYA GOLD AND SILVER INCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGRABAT34.01325 -6.8325521885669.27AYA GOLD AND SILVER INCPRIVATEPRIVATEPRIVATEProvision of up to USD 25 million loan to Aya Gold & Silver Inc. to support its exploration programme at Boumadine. The transaction presents another opportunity to support the Company, which is an existing client of the EBRD via USD 100 million project finance loan provided for expansion and upgrade of Aya's Zgounder silver mine in Morocco. The project will enable to support an independent mining company in Morocco to diversify its portfolio and expand its production capabilities beyond the established Zgounder silver mine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56465XI-IATI-EBRD-56964European Bank for Reconstruction and DevelopmentEBRD invested EUR 30 million in CRR-compliant Additional Tier 1 ("AT1") capital issued by Banca Transilvania ("BT") in bond format totalling EUR 500 million, listed on the Dublin Euronext Stock Exchange. The bonds are perpetual, with a call option after 5 years. The Project supports the inaugural AT1 public issuance by a Romanian bank and contributes to the resilience of the Romanian financial sector by strengthening the resilience of the largest systemic bank in the country through a stable capital base and enhanced loss absorption capacity ensuring the continuous flow of credit to the Romanian economy.European Bank for Reconstruction and DevelopmentBANCA TRANSILVANIA SA AT1 INSTRUMENTEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCLUJ-NAPOCA46.76667 23.630000000BANCA TRANSILVANIA SA AT1 INSTRUMENTPRIVATEPRIVATEPRIVATEEBRD invested EUR 30 million in CRR-compliant Additional Tier 1 ("AT1") capital issued by Banca Transilvania ("BT") in bond format totalling EUR 500 million, listed on the Dublin Euronext Stock Exchange. The bonds are perpetual, with a call option after 5 years. The Project supports the inaugural AT1 public issuance by a Romanian bank and contributes to the resilience of the Romanian financial sector by strengthening the resilience of the largest systemic bank in the country through a stable capital base and enhanced loss absorption capacity ensuring the continuous flow of credit to the Romanian economy. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56964XI-IATI-EBRD-56338European Bank for Reconstruction and DevelopmentUnfunded guarantee of up to €25 million provided by the Bank in favour of Crnogorska Komercijalna Banka ("CKB"). The guarantee will cover up to 50 per cent of the credit risk on a pro rata basis on the newly generated micro, small and medium-sized entreprise ("MSME") loan portfolio of up to €50 million originated by CKB. PRS is issued in two equal tranches and the 2nd tranche is uncommitted. This project is the first pilot implementation of the Portfolio Risk Sharing product by the EBRD in Montenegro. The product aims to release a bank's risk-taking capacity to boost on-lending to MSMEs, addressing an MSME financing gap in the market.European Bank for Reconstruction and DevelopmentCRNOGORSKA KOMERCIJALNA BANKA AD PODGORICAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPODGORICA42.44111 19.263611250000012500000CRNOGORSKA KOMERCIJALNA BANKA AD PODGORICAPRIVATEPRIVATEPRIVATEUnfunded guarantee of up to €25 million provided by the Bank in favour of Crnogorska Komercijalna Banka ("CKB"). The guarantee will cover up to 50 per cent of the credit risk on a pro rata basis on the newly generated micro, small and medium-sized entreprise ("MSME") loan portfolio of up to €50 million originated by CKB. PRS is issued in two equal tranches and the 2nd tranche is uncommitted. This project is the first pilot implementation of the Portfolio Risk Sharing product by the EBRD in Montenegro. The product aims to release a bank's risk-taking capacity to boost on-lending to MSMEs, addressing an MSME financing gap in the market. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56338XI-IATI-EBRD-52597European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan to Lovcen Banka ("LB") of EUR 4 million under the Financial Intermediaries Framework ("FIF") for on-lending to small and medium enterprises (SMEs) in Montenegro. The loan is also an important resource to SMEs in the context of the Covid-19 crisis response and the post-crisis recovery, allowing uninterrupted access to mid-term financing. The proposed project will improve access to finance for SMEs, which are the main source of employment in the private sector and a major contributor to the economy in Montenegro. The bank is successfully implementing a SME-focused strategy and well-positioned to provide much needed financing to smaller businesses in the country via its regional branch network. The focus will also be on lending in the regions outside the capital Podgorica and attracting new SME clients.European Bank for Reconstruction and DevelopmentLOVCEN BANKA ADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPODGORICA42.44111 19.263612000000LOVCEN BANKA ADPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan to Lovcen Banka ("LB") of EUR 4 million under the Financial Intermediaries Framework ("FIF") for on-lending to small and medium enterprises (SMEs) in Montenegro. The loan is also an important resource to SMEs in the context of the Covid-19 crisis response and the post-crisis recovery, allowing uninterrupted access to mid-term financing. The proposed project will improve access to finance for SMEs, which are the main source of employment in the private sector and a major contributor to the economy in Montenegro. The bank is successfully implementing a SME-focused strategy and well-positioned to provide much needed financing to smaller businesses in the country via its regional branch network. The focus will also be on lending in the regions outside the capital Podgorica and attracting new SME clients. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52597XI-IATI-EBRD-51752European Bank for Reconstruction and DevelopmentProvision of a sovereign loan of up to EUR 70 million ("the loan") to the Republic of North Macedonia for on-granting to the city of Skopje. The loan will finance the construction of a Bus Rapid Transit ("BRT") corridor on two dedicated lanes, the acquisition of a new tram-bus fleet and the construction of a new depot (the "project") in Skopje. The project will be implemented in two phases and comprises of two tranches: Tranche 1 of up to EUR 40 million to finance BRT Line 1 (east-west) to be committed at signing, and Tranche 2 of up to EUR 30 million to finance BRT Line 2 (north-south) to be committed upon completion of separate due diligence. The loan will be extended to the Republic of North Macedonia and on-granted to the city of Skopje, which will be the implementing agency. The project is envisaged as part of the EBRD Green Cities Framework 2 ("GrCF2"). The facility is designed to serve as a sector-wide catalyst for addressing environmental challenges at municipal level. The main purpose of the project is to substantially improve the level of public transport service and help reduce air pollution in Skopje, currently one of the most polluted cities in Europe. The BRT is expected to play a key role in the improved system through the introduction of dedicated bus corridors on the main city arteries with related improvements in frequency, capacity and speed of the urban transport system in general.European Bank for Reconstruction and DevelopmentNORTH MACEDONIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.431414712400047600000NORTH MACEDONIA SOVEREIGN476000NORTH MACEDONIA SOVEREIGNSTATESTATESTATESTATEProvision of a sovereign loan of up to EUR 70 million ("the loan") to the Republic of North Macedonia for on-granting to the city of Skopje. The loan will finance the construction of a Bus Rapid Transit ("BRT") corridor on two dedicated lanes, the acquisition of a new tram-bus fleet and the construction of a new depot (the "project") in Skopje. The project will be implemented in two phases and comprises of two tranches: Tranche 1 of up to EUR 40 million to finance BRT Line 1 (east-west) to be committed at signing, and Tranche 2 of up to EUR 30 million to finance BRT Line 2 (north-south) to be committed upon completion of separate due diligence. The loan will be extended to the Republic of North Macedonia and on-granted to the city of Skopje, which will be the implementing agency. The project is envisaged as part of the EBRD Green Cities Framework 2 ("GrCF2"). The facility is designed to serve as a sector-wide catalyst for addressing environmental challenges at municipal level. The main purpose of the project is to substantially improve the level of public transport service and help reduce air pollution in Skopje, currently one of the most polluted cities in Europe. The BRT is expected to play a key role in the improved system through the introduction of dedicated bus corridors on the main city arteries with related improvements in frequency, capacity and speed of the urban transport system in general. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51752XI-IATI-EBRD-51609European Bank for Reconstruction and DevelopmentProvision of a long-term senior unsecured loan to Erste Bank AD Novi Sad (EBS) for on-lending to small and medium enterprises (SMEs) in Serbia. The project will contribute to the expansion of lending to private businesses through working capital lines and investment loans to SMEs, including enterprises operating in economically less-developed regions of the country. Furthermore, the transaction supports EBS's growth strategy and diversification of its funding sources.European Bank for Reconstruction and DevelopmentERSTE BANK AD NOVI SADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGNOVI SAD45.25167 19.8369440000000ERSTE BANK AD NOVI SADPRIVATEPRIVATEPRIVATEProvision of a long-term senior unsecured loan to Erste Bank AD Novi Sad (EBS) for on-lending to small and medium enterprises (SMEs) in Serbia. The project will contribute to the expansion of lending to private businesses through working capital lines and investment loans to SMEs, including enterprises operating in economically less-developed regions of the country. Furthermore, the transaction supports EBS's growth strategy and diversification of its funding sources. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51609XI-IATI-EBRD-55189European Bank for Reconstruction and DevelopmentAn investment of up to RSD 2.3 bn (equivalent to €19.6 mn) in inaugural minimum requirement for own funds and eligible liabilities (MREL)-eligible local currency bonds issued by Raiffeisen Bank ad Beograd (RBB) to be listed on the Belgrade Stock Exchange. The bonds will be contractually eligible against RBB's MREL for bail-in-able funding and have a maturity of 4 years with a non-callable period of 3 years. The project supports resilience of a local bank by helping RBB build diversified funding base for the minimum requirement for own funds and eligible liabilities and reinforces local capital market development and dinarisation in Serbia by Bank's participation in bonds issued by RBB in local currency. The project contributes to the expansion of lending to private businesses through working capital lines and investment loans to SMEs, including enterprises operating in economically less developed regions of the country. Furthermore, the transaction supports RBB's growth strategy and provides a source of medium term local currency funding. The bank will aim to allocate up to € 6 mn of the proceeds to Green Economy Transition (GET) eligible projects.European Bank for Reconstruction and DevelopmentRAIFFEISEN BANKA AD BEOGRADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651319595927.71RAIFFEISEN BANKA AD BEOGRADPRIVATEPRIVATEPRIVATEAn investment of up to RSD 2.3 bn (equivalent to €19.6 mn) in inaugural minimum requirement for own funds and eligible liabilities (MREL)-eligible local currency bonds issued by Raiffeisen Bank ad Beograd (RBB) to be listed on the Belgrade Stock Exchange. The bonds will be contractually eligible against RBB's MREL for bail-in-able funding and have a maturity of 4 years with a non-callable period of 3 years. The project supports resilience of a local bank by helping RBB build diversified funding base for the minimum requirement for own funds and eligible liabilities and reinforces local capital market development and dinarisation in Serbia by Bank's participation in bonds issued by RBB in local currency. The project contributes to the expansion of lending to private businesses through working capital lines and investment loans to SMEs, including enterprises operating in economically less developed regions of the country. Furthermore, the transaction supports RBB's growth strategy and provides a source of medium term local currency funding. The bank will aim to allocate up to € 6 mn of the proceeds to Green Economy Transition (GET) eligible projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55189XI-IATI-EBRD-57012European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to US$ 4.5 million (in MNT equivalent) to be provided under the FIF in favour of Transcapital NBFI LLC, Mongolia (TCMN). Aligned with the FIF objectives, the project will provide medium-term local-currency financing to TCMN for on-lending to private Mongolian MSMEs, thereby helping to address the acute gaps identified in the Bank's Financial Sector Strategy and the Country Strategy for Mongolia. The project is expected to increase financing to local MSMEs, including in the regions, and ensure prudent lending practices and adequate portfolio quality of TCMN.European Bank for Reconstruction and DevelopmentTRANSCAPITAL NBFI LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGULAANBAATAR47.90771 106.883241749068.47TRANSCAPITAL NBFI LLCPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to US$ 4.5 million (in MNT equivalent) to be provided under the FIF in favour of Transcapital NBFI LLC, Mongolia (TCMN). Aligned with the FIF objectives, the project will provide medium-term local-currency financing to TCMN for on-lending to private Mongolian MSMEs, thereby helping to address the acute gaps identified in the Bank's Financial Sector Strategy and the Country Strategy for Mongolia. The project is expected to increase financing to local MSMEs, including in the regions, and ensure prudent lending practices and adequate portfolio quality of TCMN. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57012XI-IATI-EBRD-52593European Bank for Reconstruction and DevelopmentProvision of a sovereign loan of up to EUR 18 million to the Republic of Serbia (the "Client") consisting of 2 tranches. The loan proceeds of Tranche 1 (EUR 15 million) will be used for: 1) decommissioning of old coal boilers from the district heating ("DH") system in the city of Kragujevac (the "City"), 2) installation of new natural gas based hot water boilers, with a total capacity of 110MW, and 3) project supervision. The loan proceeds of Tranche 2 (EUR 3 million) will be used for: i) rehabilitation of the ash disposal site, and ii) related procurement and implementation support, and works supervision. The Project will enable the full elimination of coal from the City's district heating system and will significantly improve the air quality of the city due to the central location of the coal boilers being replaced. The Project will serve as a foundation for future investments in introducing renewable energy sources and energy efficiency measures, which will be assessed through the TC-funded support. The Tranche 2 investment will support the remediation of the ash disposal site located within the complex of District Heating Company (" Energetika"), which is the source of major environmental risk in the City. The Project will improve the air quality by eliminating sulphur oxides and particulate matter emissions and significantly reducing nitrous oxide emissions.European Bank for Reconstruction and DevelopmentSERBIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.465131939522.7918000000SERBIA SOVEREIGN150000SERBIA SOVEREIGN2140286SERBIA SOVEREIGN92576SERBIA SOVEREIGN5021037SERBIA SOVEREIGN1999747SERBIA SOVEREIGN419005.7SERBIA SOVEREIGN939489.78SERBIA SOVEREIGN2054530.5SERBIA SOVEREIGN7756SERBIA SOVEREIGN1928989.66SERBIA SOVEREIGN34230SERBIA SOVEREIGN17115SERBIA SOVEREIGN17115SERBIA SOVEREIGN17115SERBIA SOVEREIGN17115SERBIA SOVEREIGN18015SERBIA SOVEREIGN301500.43SERBIA SOVEREIGN58173.57SERBIA SOVEREIGN202086.35SERBIA SOVEREIGN72144.21SERBIA SOVEREIGN214459.53SERBIA SOVEREIGN337990.48SERBIA SOVEREIGNSTATESTATESTATESTATEProvision of a sovereign loan of up to EUR 18 million to the Republic of Serbia (the "Client") consisting of 2 tranches. The loan proceeds of Tranche 1 (EUR 15 million) will be used for: 1) decommissioning of old coal boilers from the district heating ("DH") system in the city of Kragujevac (the "City"), 2) installation of new natural gas based hot water boilers, with a total capacity of 110MW, and 3) project supervision. The loan proceeds of Tranche 2 (EUR 3 million) will be used for: i) rehabilitation of the ash disposal site, and ii) related procurement and implementation support, and works supervision. The Project will enable the full elimination of coal from the City's district heating system and will significantly improve the air quality of the city due to the central location of the coal boilers being replaced. The Project will serve as a foundation for future investments in introducing renewable energy sources and energy efficiency measures, which will be assessed through the TC-funded support. The Tranche 2 investment will support the remediation of the ash disposal site located within the complex of District Heating Company (" Energetika"), which is the source of major environmental risk in the City. The Project will improve the air quality by eliminating sulphur oxides and particulate matter emissions and significantly reducing nitrous oxide emissions. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52593XI-IATI-EBRD-51729European Bank for Reconstruction and DevelopmentThe provision of a senior loan of up to US$ 2 million to Kyrgyz Investment Credit Bank (KICB), which will be will be the second transaction under the Central Asia WiB Programme in Kyrgyz Republic. The loan proceeds will be used for on-lending to women-led MSEs and help strengthen SME competitiveness. It will also support the development of the country's financial sector in particular via local currency lending. As part of the CA WiB Programme, the WiB loan to KICB will contribute to women's economic inclusion by supporting women-led MSMEs' access to finance and provide business advisory and skills development services. Associated TC for the project will help KICB test and roll-out WiB products, and provide capacity building for specialised lending and monitoring. KICB will expand its lending operations to women-led MSMEs with a focus on reaching out to new clients, including in regions with relatively lower levels of financial intermediation.European Bank for Reconstruction and DevelopmentKYRGYZ INVESTMENT AND CREDIT BANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBISHKEK42.87 74.591746249.67KYRGYZ INVESTMENT AND CREDIT BANK CJSCPRIVATEPRIVATEPRIVATEThe provision of a senior loan of up to US$ 2 million to Kyrgyz Investment Credit Bank (KICB), which will be will be the second transaction under the Central Asia WiB Programme in Kyrgyz Republic. The loan proceeds will be used for on-lending to women-led MSEs and help strengthen SME competitiveness. It will also support the development of the country's financial sector in particular via local currency lending. As part of the CA WiB Programme, the WiB loan to KICB will contribute to women's economic inclusion by supporting women-led MSMEs' access to finance and provide business advisory and skills development services. Associated TC for the project will help KICB test and roll-out WiB products, and provide capacity building for specialised lending and monitoring. KICB will expand its lending operations to women-led MSMEs with a focus on reaching out to new clients, including in regions with relatively lower levels of financial intermediation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51729XI-IATI-EBRD-51328European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan to Microfund for Women ("MFW") of up to USD 2 million, of which up to USD 1.5 million to be provided by EBRD and up to USD 0.5 million by the Green Climate Fund ("GCF") under the GCF-Green Economy Financing Facility ("GEFF") Regional Framework. The proceeds of the Loan will be used to finance investments in climate change mitigation and adaptation technologies by local micro, small and medium enterprises, including women-led, in line with the standards and reporting requirements for GEFF in Jordan.European Bank for Reconstruction and DevelopmentMICROFUND FOR WOMENEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGAMMAN31.95522 35.945031313140.16MICROFUND FOR WOMENPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan to Microfund for Women ("MFW") of up to USD 2 million, of which up to USD 1.5 million to be provided by EBRD and up to USD 0.5 million by the Green Climate Fund ("GCF") under the GCF-Green Economy Financing Facility ("GEFF") Regional Framework. The proceeds of the Loan will be used to finance investments in climate change mitigation and adaptation technologies by local micro, small and medium enterprises, including women-led, in line with the standards and reporting requirements for GEFF in Jordan. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51328XI-IATI-EBRD-56127European Bank for Reconstruction and DevelopmentThe provision of a US$ 6 million senior secured loan to Angren Group (Group) engaged in the production of glass wool thermal insulation materials and glass veil in Uzbekistan. The loan will finance the purchase of colouring machines and associated working capital for the existing glass veil manufacturing plant, and balance sheet restructuring through the refinancing of the outstanding balance of the existing EBRD loan. The project aims to boost competitiveness and enhance governance. The project will allow expanding glass veil production to meet growing local demand for more customised products. In parallel, the co-borrowers will develop a Corporate Governance Action Plan.European Bank for Reconstruction and DevelopmentJV ANGREN INSULATION LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANGREN41.01667 70.143615252560.625252560.62JV ANGREN INSULATION LLCPRIVATEPRIVATEPRIVATEThe provision of a US$ 6 million senior secured loan to Angren Group (Group) engaged in the production of glass wool thermal insulation materials and glass veil in Uzbekistan. The loan will finance the purchase of colouring machines and associated working capital for the existing glass veil manufacturing plant, and balance sheet restructuring through the refinancing of the outstanding balance of the existing EBRD loan. The project aims to boost competitiveness and enhance governance. The project will allow expanding glass veil production to meet growing local demand for more customised products. In parallel, the co-borrowers will develop a Corporate Governance Action Plan. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56127XI-IATI-EBRD-55313European Bank for Reconstruction and DevelopmentProvision of a senior loan of up to MAD 690m (ca. EUR 63m equivalent) to Societe d'Exploitation des Ports S.A. ("SODEP") operating under the trading name of Marsa Maroc S.A. (the "Company") to finance the infrastructure works to expand the handling capacity of the multipurpose terminals in Casablanca and Jorf Lasfar as well as the acquisition of cranes, including hybrid and electric rail cranes. This will enable the expansion and operational optimization of these terminals. The Project benefits from a first loss risk cover from the European Fund for Sustainable Development plus ("EFSD+") Municipal Infrastructure and Industrial Resilience ("MIIR") guarantee programme. The programme contributes to transitioning economies in the European Neighbourhood South and European Neighbourhood East by supporting sustainable investments in green city infrastructure, greening logistics chains, energy efficiency and green technology transfers in industrial processes, commercial operations and buildings. The operation will enable the Company to expand operational capacity of its multipurpose terminals at the ports of Casablanca and Jorf Lasfar. The EBRD loan will be complimented by a grant-funded Technical Support ("TC") assignment to support Marsa Maroc's ongoing digital transformation.European Bank for Reconstruction and DevelopmentSOCIETE D'EXPLOITATION DES PORTS -MARSA MAROC SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCASABLANCA33.58831 -7.6113821228414.7764364128.58SOCIETE D'EXPLOITATION DES PORTS -MARSA MAROC SA12056058.73SOCIETE D'EXPLOITATION DES PORTS -MARSA MAROC SA22556299.44SOCIETE D'EXPLOITATION DES PORTS -MARSA MAROC SA8523355.64SOCIETE D'EXPLOITATION DES PORTS -MARSA MAROC SASTATESTATESTATESTATEProvision of a senior loan of up to MAD 690m (ca. EUR 63m equivalent) to Societe d'Exploitation des Ports S.A. ("SODEP") operating under the trading name of Marsa Maroc S.A. (the "Company") to finance the infrastructure works to expand the handling capacity of the multipurpose terminals in Casablanca and Jorf Lasfar as well as the acquisition of cranes, including hybrid and electric rail cranes. This will enable the expansion and operational optimization of these terminals. The Project benefits from a first loss risk cover from the European Fund for Sustainable Development plus ("EFSD+") Municipal Infrastructure and Industrial Resilience ("MIIR") guarantee programme. The programme contributes to transitioning economies in the European Neighbourhood South and European Neighbourhood East by supporting sustainable investments in green city infrastructure, greening logistics chains, energy efficiency and green technology transfers in industrial processes, commercial operations and buildings. The operation will enable the Company to expand operational capacity of its multipurpose terminals at the ports of Casablanca and Jorf Lasfar. The EBRD loan will be complimented by a grant-funded Technical Support ("TC") assignment to support Marsa Maroc's ongoing digital transformation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55313XI-IATI-EBRD-49059European Bank for Reconstruction and DevelopmentA senior loan of up to €30 million to Banca Intesa a.d. Beograd ('BIB') for on-lending to private individuals. The proceeds of the loan will be used by BIB to provide long-term financing for residential mortgage lending in Serbia.European Bank for Reconstruction and DevelopmentBANCA INTESA AD BEOGRADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651330000000BANCA INTESA AD BEOGRADPRIVATEPRIVATEPRIVATEA senior loan of up to €30 million to Banca Intesa a.d. Beograd ('BIB') for on-lending to private individuals. The proceeds of the loan will be used by BIB to provide long-term financing for residential mortgage lending in Serbia. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49059XI-IATI-EBRD-55758European Bank for Reconstruction and DevelopmentProvision of a USD 8.8 million loan to KbW Investments accompanied by a potential Finance and Technology Transfer Centre for Climate Change ("FINTECC") grant of up to EUR 0.4 million. The proceeds of the Bank's investment will be used to finance the supply and installation of new energy-efficient Light Emitting Diodes ("LED") that would replace old energy-inefficient street lighting fixtures and/or increase street lighting coverage in underserved areas in Jordan (the "Project"). The Project will finance an Energy Performance Contract ("Enpc") and an LED supply contract that KbW Investments has secured in Jordan. The Project contributes to climate change mitigation as it is expected to result in: i) up to c. 4,623 tCO2e reductions, ii) 50% reduction in energy consumption, iii) improved level of services in Project catchment areas, by increasing street lighting coverage from 60-70% up to 100%, and iv) increase in the penetration rate of LED technology in rural areas in Jordan.European Bank for Reconstruction and DevelopmentKBW INVESTMENTS PSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGAMMAN31.95522 35.9450385082.727703755.58KBW INVESTMENTS PSCPRIVATEPRIVATEPRIVATEProvision of a USD 8.8 million loan to KbW Investments accompanied by a potential Finance and Technology Transfer Centre for Climate Change ("FINTECC") grant of up to EUR 0.4 million. The proceeds of the Bank's investment will be used to finance the supply and installation of new energy-efficient Light Emitting Diodes ("LED") that would replace old energy-inefficient street lighting fixtures and/or increase street lighting coverage in underserved areas in Jordan (the "Project"). The Project will finance an Energy Performance Contract ("Enpc") and an LED supply contract that KbW Investments has secured in Jordan. The Project contributes to climate change mitigation as it is expected to result in: i) up to c. 4,623 tCO2e reductions, ii) 50% reduction in energy consumption, iii) improved level of services in Project catchment areas, by increasing street lighting coverage from 60-70% up to 100%, and iv) increase in the penetration rate of LED technology in rural areas in Jordan. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55758XI-IATI-EBRD-52255European Bank for Reconstruction and DevelopmentAn equity investment of up to EUR 20.0 million and a co-investment line in favour of the Enterprise Expansion Fund II Western Balkans ("ENEF II" or the "fund"), a compartment of the Enterprise Expansion and Impact Platform SA SICAV RAIF (the "platform"), a reserved alternative investment fund ("RAIF") to be registered in Luxembourg and supported by the Western Balkans Enterprise Development and Innovation Facility ("WB EDIF" or "EDIF"). ENEF II will provide equity, quasi-equity and different types of debt financing to growing local SMEs and mid-caps in Albania, Bosnia and Herzegovina, Kosovo, Montenegro, North Macedonia and Serbia. The EBRD will serve as investment advisor to the fund. ENEF II will continue the activities of the Enterprise Expansion Fund that was launched under the WB EDIF in 2014 and managed to invest in 16 companies by the end of its investment period in July 2020. To fill the market gap for equity, quasi-equity and different types of debt financing to local SMEs and mid-caps in the Western Balkans and provide extensive pre- and post-investment support to the fund's investee companies, including on identifying and addressing Environmental, Social and Governance ("ESG") risk and opportunities.European Bank for Reconstruction and DevelopmentENTERPRISE EXPANSION AND IMPACT PLATFORM SA SICAV RAIF - ENEF IIEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTIRANA41.3275 19.81889SARAJEVO43.84864 18.35644PRISTINA42.67272 21.16688PODGORICA42.44111 19.26361SKOPJE41.99646 21.43141BELGRADE44.80401 20.465131126328819000000ENTERPRISE EXPANSION AND IMPACT PLATFORM SA SICAV RAIF - ENEF IIPRIVATEPRIVATEPRIVATEAn equity investment of up to EUR 20.0 million and a co-investment line in favour of the Enterprise Expansion Fund II Western Balkans ("ENEF II" or the "fund"), a compartment of the Enterprise Expansion and Impact Platform SA SICAV RAIF (the "platform"), a reserved alternative investment fund ("RAIF") to be registered in Luxembourg and supported by the Western Balkans Enterprise Development and Innovation Facility ("WB EDIF" or "EDIF"). ENEF II will provide equity, quasi-equity and different types of debt financing to growing local SMEs and mid-caps in Albania, Bosnia and Herzegovina, Kosovo, Montenegro, North Macedonia and Serbia. The EBRD will serve as investment advisor to the fund. ENEF II will continue the activities of the Enterprise Expansion Fund that was launched under the WB EDIF in 2014 and managed to invest in 16 companies by the end of its investment period in July 2020. To fill the market gap for equity, quasi-equity and different types of debt financing to local SMEs and mid-caps in the Western Balkans and provide extensive pre- and post-investment support to the fund's investee companies, including on identifying and addressing Environmental, Social and Governance ("ESG") risk and opportunities. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52255XI-IATI-EBRD-55936European Bank for Reconstruction and DevelopmentThe provision of a sovereign loan of up to EUR 17.225 million to the Kyrgyz Republic (KR) in two tranches (both to be committed at signing) of up to EUR 16.750 million and EUR 0.475 million (the "EBRD Loan"). The funds to be on-lent to the Bishkek city (the "City") for the benefit of Bishkekteploset (BTS), a municipal district heating company wholly owned by the City administration to modernise the district heating (DH) infrastructure in Bishkek (the "Project"). The Project will be co-financed by a concessional loan of up to EUR 16.75 million from the Green Climate Fund (the "GCF Loan") under the GCF Green Cities Facility, as well as by an investment grant of up to EUR 6.5 million from an international donor or the EBRD's Shareholder Special Fund (SSF). The investment grant will be provided in two tranches of EUR 5.0 million (to be committed at signing) and EUR 1.5 million (uncommitted). The EBRD Loan and the GCF Loan will have a tenor of 18 years, including a 4-year grace period under the EBRD Loan and a 6-year grace period under the GCF Loan. Tranche I EBRD Loan and GCF Loan will be disbursed pro-rata. The Project aims to tackle environmental challenges related to Bishkek's worn-out and outdated district energy infrastructure. This is a follow-on investment under the EBRD Green Cities Programme, directly supporting the implementation of energy sector priority actions in the Green City Action Plan (GCAP). Strengthening this critical service will support sustainable urban expansion, enhance living conditions for residents, and align Bishkek with regional and global commitments to sustainable growth.European Bank for Reconstruction and DevelopmentKYRGYZ REPUBLIC SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBISHKEK42.87 74.591722500017225000KYRGYZ REPUBLIC SOVEREIGNSTATESTATESTATESTATEThe provision of a sovereign loan of up to EUR 17.225 million to the Kyrgyz Republic (KR) in two tranches (both to be committed at signing) of up to EUR 16.750 million and EUR 0.475 million (the "EBRD Loan"). The funds to be on-lent to the Bishkek city (the "City") for the benefit of Bishkekteploset (BTS), a municipal district heating company wholly owned by the City administration to modernise the district heating (DH) infrastructure in Bishkek (the "Project"). The Project will be co-financed by a concessional loan of up to EUR 16.75 million from the Green Climate Fund (the "GCF Loan") under the GCF Green Cities Facility, as well as by an investment grant of up to EUR 6.5 million from an international donor or the EBRD's Shareholder Special Fund (SSF). The investment grant will be provided in two tranches of EUR 5.0 million (to be committed at signing) and EUR 1.5 million (uncommitted). The EBRD Loan and the GCF Loan will have a tenor of 18 years, including a 4-year grace period under the EBRD Loan and a 6-year grace period under the GCF Loan. Tranche I EBRD Loan and GCF Loan will be disbursed pro-rata. The Project aims to tackle environmental challenges related to Bishkek's worn-out and outdated district energy infrastructure. This is a follow-on investment under the EBRD Green Cities Programme, directly supporting the implementation of energy sector priority actions in the Green City Action Plan (GCAP). Strengthening this critical service will support sustainable urban expansion, enhance living conditions for residents, and align Bishkek with regional and global commitments to sustainable growth. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55936XI-IATI-EBRD-55973European Bank for Reconstruction and DevelopmentProvision of a senior secured limited-recourse loan of up to EUR 50 million in favour of Solar Vramis AD (the "Borrower" or the "Company"), a joint stock company incorporated in Bulgaria. The loan proceeds will be used to finance the development, construction, and operation of a 171.5 MWp solar PV plant in the Pernik region of Wester Bulgaria (the "Project"). The EBRD loan is part of a broader EUR 136m financing that supports the development, construction, and operation of a 480.2 MWh portfolio of co-located and standalone battery energy storage system (BESS) projects in Bulgaria. The EBRD loan is expected to be approved under the EBRD InvestEU Framework for Sustainable Transition. The Project will support climate change mitigation by adding 171.5MW of greenfield solar generation capacity to the Bulgarian national energy system. With its merchant exposure, the Project will also strengthen private sector participation in the renewable energy sector in Bulgaria by reducing reliance on government support schemes while expanding hybrid renewable energy systems.European Bank for Reconstruction and DevelopmentSOLAR VRAMIS EOODEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSOFIA42.69751 23.32415440913450000000SOLAR VRAMIS EOODPRIVATEPRIVATEPRIVATEProvision of a senior secured limited-recourse loan of up to EUR 50 million in favour of Solar Vramis AD (the "Borrower" or the "Company"), a joint stock company incorporated in Bulgaria. The loan proceeds will be used to finance the development, construction, and operation of a 171.5 MWp solar PV plant in the Pernik region of Wester Bulgaria (the "Project"). The EBRD loan is part of a broader EUR 136m financing that supports the development, construction, and operation of a 480.2 MWh portfolio of co-located and standalone battery energy storage system (BESS) projects in Bulgaria. The EBRD loan is expected to be approved under the EBRD InvestEU Framework for Sustainable Transition. The Project will support climate change mitigation by adding 171.5MW of greenfield solar generation capacity to the Bulgarian national energy system. With its merchant exposure, the Project will also strengthen private sector participation in the renewable energy sector in Bulgaria by reducing reliance on government support schemes while expanding hybrid renewable energy systems. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55973XI-IATI-EBRD-53713European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 1 million (the "WiB Loan") to be provided in one single tranche under the Western Balkans Women in Business Programme Phase II ("WB WiBP II"). The proceeds will be used to finance eligible women-led SMEs in Montenegro in accordance with the WB WIBP II Policy Statement. The project aims to promote women entrepreneurship and more broadly women's participation in business, by enhancing access to finance and knowledge to women-led businesses in Montenegro. This will be NLBP's second facility under this product, marking EBRD's continued support to women-led SMEs in Montenegro.European Bank for Reconstruction and DevelopmentNLB BANKA AD PODGORICAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPODGORICA42.44111 19.263611000000NLB BANKA AD PODGORICAPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 1 million (the "WiB Loan") to be provided in one single tranche under the Western Balkans Women in Business Programme Phase II ("WB WiBP II"). The proceeds will be used to finance eligible women-led SMEs in Montenegro in accordance with the WB WIBP II Policy Statement. The project aims to promote women entrepreneurship and more broadly women's participation in business, by enhancing access to finance and knowledge to women-led businesses in Montenegro. This will be NLBP's second facility under this product, marking EBRD's continued support to women-led SMEs in Montenegro. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53713XI-IATI-EBRD-54053European Bank for Reconstruction and DevelopmentThe provision of a senior loan under the Financial Institution Framework (FIF) in the total amount of up to US$ 2 million (in local currency equivalent) to be disbursed in local currency in two equal tranches of US$ 1 million each, with the second tranche to be provided on an uncommitted basis. The project aims at supporting Bailyk Finance's growth strategy which focuses on active development of micro and small enterprises (MSE) lending and expansion of its product range, with a focus on women-led businesses in rural areas.European Bank for Reconstruction and DevelopmentBAILYK FINANCE MICROCREDIT COMPANY CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBISHKEK42.87 74.591715115.71BAILYK FINANCE MICROCREDIT COMPANY CJSCPRIVATEPRIVATEPRIVATEThe provision of a senior loan under the Financial Institution Framework (FIF) in the total amount of up to US$ 2 million (in local currency equivalent) to be disbursed in local currency in two equal tranches of US$ 1 million each, with the second tranche to be provided on an uncommitted basis. The project aims at supporting Bailyk Finance's growth strategy which focuses on active development of micro and small enterprises (MSE) lending and expansion of its product range, with a focus on women-led businesses in rural areas. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54053XI-IATI-EBRD-56562European Bank for Reconstruction and DevelopmentProvsion of up to JOD 10.0 million senior secured loan to support the growth of Aqaba Digital Hub, a leading data centre, technology, fibre broadband connectivity, and subsea cable operator located in the city of Aqaba, Jordan. Through its infrastructure, Aqaba Digital Hub also provides various cloud and cybersecurity services to Jordanian and regional enterprises. EBRD Loan proceeds will be directed towards expanding of Aqaba Digital Hub's existing data centre, both in the form of capital expenditure as well as settling short-term liabilities upon their respective maturities.European Bank for Reconstruction and DevelopmentAL-MIRNAAH INVESTMENT AND DEVELOPMENTEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGAMMAN31.95522 35.9450312347340.5612347340.56AL-MIRNAAH INVESTMENT AND DEVELOPMENTPRIVATEPRIVATEPRIVATEProvsion of up to JOD 10.0 million senior secured loan to support the growth of Aqaba Digital Hub, a leading data centre, technology, fibre broadband connectivity, and subsea cable operator located in the city of Aqaba, Jordan. Through its infrastructure, Aqaba Digital Hub also provides various cloud and cybersecurity services to Jordanian and regional enterprises. EBRD Loan proceeds will be directed towards expanding of Aqaba Digital Hub's existing data centre, both in the form of capital expenditure as well as settling short-term liabilities upon their respective maturities. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56562XI-IATI-EBRD-53334European Bank for Reconstruction and DevelopmentProvision of a sovereign guaranteed loan to the National Electric Power Company (NEPCO) to finance the construction of a 400/132/33kV high voltage transmission substation in the North-Eastern part of Jordan, which will help in improving the grid's capacity to absorb existing and new renewable energy projects. The proceeds of the Bank's loan will be used by NEPCO to finance a 400/132/33kV substation to help (i) improve the absorption capacity of existing and planned renewable energy projects, (ii) increased dispatching flexibility, (iii) reinforce the North-Eastern high voltage electricity network; and (iv) facilitate network interconnection to neighbouring countries.European Bank for Reconstruction and DevelopmentNATIONAL ELECTRIC POWER COMPANYEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGAMMAN31.95522 35.9450324730806.2724730806.27NATIONAL ELECTRIC POWER COMPANYSTATESTATESTATESTATEProvision of a sovereign guaranteed loan to the National Electric Power Company (NEPCO) to finance the construction of a 400/132/33kV high voltage transmission substation in the North-Eastern part of Jordan, which will help in improving the grid's capacity to absorb existing and new renewable energy projects. The proceeds of the Bank's loan will be used by NEPCO to finance a 400/132/33kV substation to help (i) improve the absorption capacity of existing and planned renewable energy projects, (ii) increased dispatching flexibility, (iii) reinforce the North-Eastern high voltage electricity network; and (iv) facilitate network interconnection to neighbouring countries. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53334XI-IATI-EBRD-53735European Bank for Reconstruction and DevelopmentThe provision of a senior secured long-term loan of up to US$ 18 million to Digital Concept LLC. The proceeds of the loan will be used to support the expansion of the South Korean GS25 format stores in Mongolia and the construction of a food factory. The loan will finance the company's investment programme aimed at the expansion of convenience stores, and the construction and equipping of a new food factory.European Bank for Reconstruction and DevelopmentDIGITAL CONCEPT LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGULAANBAATAR47.90771 106.8832415757681.87DIGITAL CONCEPT LLCPRIVATEPRIVATEPRIVATEThe provision of a senior secured long-term loan of up to US$ 18 million to Digital Concept LLC. The proceeds of the loan will be used to support the expansion of the South Korean GS25 format stores in Mongolia and the construction of a food factory. The loan will finance the company's investment programme aimed at the expansion of convenience stores, and the construction and equipping of a new food factory. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53735XI-IATI-EBRD-49431European Bank for Reconstruction and DevelopmentThe Project is focused on the energy efficient refurbishment of the Zenica Cantonal Hospital ("the Hospital") fully owned by Zenica-Doboj Canton ("the Canton"). For this purpose, the EBRD provision of a sovereign loan of EUR 10.0 million ("the Loan") to be on-lent via the Federation of Bosnia and Herzegovina ("FBiH") to the Canton. In addition, the Project will be co-financed by a Regional Energy Efficiency Programme ("REEP") investment grant of EUR 1.0 million, and will benefit from Technical Cooperation support of EUR 0.7 million. EBRD's financing will be used to finance the most urgent infrastructure needs of the hospital: energy efficient refurbishment of existing facilities, increase of the hospital's usable area through construction of an energy efficient extension as well as solving the problem of periodic flooding of the basement. Overall, the Project's investments will have large scale environmental benefits and will considerably increase thermal comfort and quality of service for the patients of the hospital, estimated at 310,000 people annually. The operation is a sub-project under the Green Cities Framework ("GrCF") which is established to provide loans to governments, municipalities, municipal owned and private companies providing municipal services. The over-arching aim of the GrCF is to serve as a sector-wide catalyst for addressing environmental challenges at the Municipal/City level. This is underpinned through the implementation of a Green Cities Action Plan ("GCAP"), which is a strategic document whereby environmental challenges are benchmarked, priority areas for environmental improvements identified, environmental objectives defined and indicative investments determined. The relative loan agreement and project agreement were respectively signed in June 2018 and July 2018. The main purpose of the Project is to increase energy efficiency of the hospital, reduce CO2 emissions and other associated environmental impacts. The Project also includes a climate adaptation component through the introduction of anti-flooding measures. The envisaged investment has significant environmental and health benefits and will considerably increase the quality and efficiency of services provided by the hospital.European Bank for Reconstruction and DevelopmentBOSNIA AND HERZEGOVINA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.356449042586.9310000000BOSNIA AND HERZEGOVINA SOVEREIGN100000BOSNIA AND HERZEGOVINA SOVEREIGN49000BOSNIA AND HERZEGOVINA SOVEREIGN808413.07BOSNIA AND HERZEGOVINA SOVEREIGNSTATESTATESTATESTATEThe Project is focused on the energy efficient refurbishment of the Zenica Cantonal Hospital ("the Hospital") fully owned by Zenica-Doboj Canton ("the Canton"). For this purpose, the EBRD provision of a sovereign loan of EUR 10.0 million ("the Loan") to be on-lent via the Federation of Bosnia and Herzegovina ("FBiH") to the Canton. In addition, the Project will be co-financed by a Regional Energy Efficiency Programme ("REEP") investment grant of EUR 1.0 million, and will benefit from Technical Cooperation support of EUR 0.7 million. EBRD's financing will be used to finance the most urgent infrastructure needs of the hospital: energy efficient refurbishment of existing facilities, increase of the hospital's usable area through construction of an energy efficient extension as well as solving the problem of periodic flooding of the basement. Overall, the Project's investments will have large scale environmental benefits and will considerably increase thermal comfort and quality of service for the patients of the hospital, estimated at 310,000 people annually. The operation is a sub-project under the Green Cities Framework ("GrCF") which is established to provide loans to governments, municipalities, municipal owned and private companies providing municipal services. The over-arching aim of the GrCF is to serve as a sector-wide catalyst for addressing environmental challenges at the Municipal/City level. This is underpinned through the implementation of a Green Cities Action Plan ("GCAP"), which is a strategic document whereby environmental challenges are benchmarked, priority areas for environmental improvements identified, environmental objectives defined and indicative investments determined. The relative loan agreement and project agreement were respectively signed in June 2018 and July 2018. The main purpose of the Project is to increase energy efficiency of the hospital, reduce CO2 emissions and other associated environmental impacts. The Project also includes a climate adaptation component through the introduction of anti-flooding measures. The envisaged investment has significant environmental and health benefits and will considerably increase the quality and efficiency of services provided by the hospital. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49431XI-IATI-EBRD-52273European Bank for Reconstruction and DevelopmentProvision of up to EUR 13.0 million debt financing to permanently resolve inadequate pressure in the Brcko District water system and restore water quality in the main centralised water network. This involves the construction of an approximately 14 km long pipeline, a new pumping station and clean water storage reservoir at "Potocari" and targeted reconstruction of between 2-3km of the existing water supply network to reduce water losses (from 53.1 to around 41.6 per cent) whilst improving system integrity (the "Project"). In 2022, the Bank signed a EUR 6.5 million loan to finance this project. As a result of higher financial offers for the proposed works following procurement, the Client has requested a loan increase of EUR 6.5 million, reflecting a change in technical specifications and rising costs due to inflation. The Project is a trigger project under EBRD's Green City Framework 2 ("GrCF2") and will include technical cooperation ("TC") facilitated by the Bank for the development of a Green City Action Plan ("GCAP") to identify, prioritise, and address environmental challenges through a multi-sector approach. Loan proceeds will be used to significantly improve the reliability and physical resilience of Brcko's existing water supply system. In addition, construction of the new MTP will also enable the network to be connected to underserved settlements in the vicinity of the new MTP, achieving full population coverage and ultimately increasing the Company's revenue stream through the addition of new customers. The combination of reduced physical losses in the system and modernised control of the water system pumps (also proposed as part of the Project) is expected to reduce the overall energy demand by around 214 MWh/yr which translates to an energy saving per unit of water produced of 25.2 per cent post investment. The Project will also assist the Company to prepare and sign a Public Service Contract ("PSC") with the District including the phased achievement of cost recovery tariffs for all the Company's services. In line with GrCF2, the Project will play a key role in helping the district to identify, prioritise and address its environmental challenges through the development of a GCAP.European Bank for Reconstruction and DevelopmentBOSNIA AND HERZEGOVINA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.356442789181.2113000000BOSNIA AND HERZEGOVINA SOVEREIGN65000BOSNIA AND HERZEGOVINA SOVEREIGN1247518.4BOSNIA AND HERZEGOVINA SOVEREIGN29040BOSNIA AND HERZEGOVINA SOVEREIGN488549.42BOSNIA AND HERZEGOVINA SOVEREIGN610183.5BOSNIA AND HERZEGOVINA SOVEREIGN5040BOSNIA AND HERZEGOVINA SOVEREIGN704264.55BOSNIA AND HERZEGOVINA SOVEREIGN1539575.69BOSNIA AND HERZEGOVINA SOVEREIGN1171865.43BOSNIA AND HERZEGOVINA SOVEREIGN439763.01BOSNIA AND HERZEGOVINA SOVEREIGN22968.02BOSNIA AND HERZEGOVINA SOVEREIGN5040BOSNIA AND HERZEGOVINA SOVEREIGN65000BOSNIA AND HERZEGOVINA SOVEREIGN257728.66BOSNIA AND HERZEGOVINA SOVEREIGN7040BOSNIA AND HERZEGOVINA SOVEREIGN280211.89BOSNIA AND HERZEGOVINA SOVEREIGN880630.63BOSNIA AND HERZEGOVINA SOVEREIGN5040BOSNIA AND HERZEGOVINA SOVEREIGN117832.63BOSNIA AND HERZEGOVINA SOVEREIGN7918.01BOSNIA AND HERZEGOVINA SOVEREIGN10000BOSNIA AND HERZEGOVINA SOVEREIGN12000BOSNIA AND HERZEGOVINA SOVEREIGN185527.39BOSNIA AND HERZEGOVINA SOVEREIGN379643.59BOSNIA AND HERZEGOVINA SOVEREIGN10000BOSNIA AND HERZEGOVINA SOVEREIGN3959.01BOSNIA AND HERZEGOVINA SOVEREIGN459395.49BOSNIA AND HERZEGOVINA SOVEREIGN211598.27BOSNIA AND HERZEGOVINA SOVEREIGN10000BOSNIA AND HERZEGOVINA SOVEREIGN208580.71BOSNIA AND HERZEGOVINA SOVEREIGN10000BOSNIA AND HERZEGOVINA SOVEREIGN12000BOSNIA AND HERZEGOVINA SOVEREIGN160668.37BOSNIA AND HERZEGOVINA SOVEREIGN259161.41BOSNIA AND HERZEGOVINA SOVEREIGN6929.01BOSNIA AND HERZEGOVINA SOVEREIGN170501.23BOSNIA AND HERZEGOVINA SOVEREIGN138644.47BOSNIA AND HERZEGOVINA SOVEREIGN12000BOSNIA AND HERZEGOVINA SOVEREIGNSTATESTATESTATESTATEProvision of up to EUR 13.0 million debt financing to permanently resolve inadequate pressure in the Brcko District water system and restore water quality in the main centralised water network. This involves the construction of an approximately 14 km long pipeline, a new pumping station and clean water storage reservoir at "Potocari" and targeted reconstruction of between 2-3km of the existing water supply network to reduce water losses (from 53.1 to around 41.6 per cent) whilst improving system integrity (the "Project"). In 2022, the Bank signed a EUR 6.5 million loan to finance this project. As a result of higher financial offers for the proposed works following procurement, the Client has requested a loan increase of EUR 6.5 million, reflecting a change in technical specifications and rising costs due to inflation. The Project is a trigger project under EBRD's Green City Framework 2 ("GrCF2") and will include technical cooperation ("TC") facilitated by the Bank for the development of a Green City Action Plan ("GCAP") to identify, prioritise, and address environmental challenges through a multi-sector approach. Loan proceeds will be used to significantly improve the reliability and physical resilience of Brcko's existing water supply system. In addition, construction of the new MTP will also enable the network to be connected to underserved settlements in the vicinity of the new MTP, achieving full population coverage and ultimately increasing the Company's revenue stream through the addition of new customers. The combination of reduced physical losses in the system and modernised control of the water system pumps (also proposed as part of the Project) is expected to reduce the overall energy demand by around 214 MWh/yr which translates to an energy saving per unit of water produced of 25.2 per cent post investment. The Project will also assist the Company to prepare and sign a Public Service Contract ("PSC") with the District including the phased achievement of cost recovery tariffs for all the Company's services. In line with GrCF2, the Project will play a key role in helping the district to identify, prioritise and address its environmental challenges through the development of a GCAP. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52273XI-IATI-EBRD-56113European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to €2 million to Intesa Sanpaolo BiH ("ISP BiH") for on-lending to the residential sector in BiH. The loan is envisaged under the Western Balkans Green Economy Financing Facility III - REpower ("WB GEFF III"). This will enable the bank to promote green economy investments in the country. The proceeds of the loan will be used to provide financing to ISP BiH for gender-responsive on-lending to eligible sub-borrowers in the residential sector for investments supporting Green Economy Transition ("GET") - eligible residential renewable energies and energy efficient technologies.European Bank for Reconstruction and DevelopmentINTESA SANPAOLO BANKA DD BOSNIA AND HERZEGOVINAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.356442000000INTESA SANPAOLO BANKA DD BOSNIA AND HERZEGOVINAPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to €2 million to Intesa Sanpaolo BiH ("ISP BiH") for on-lending to the residential sector in BiH. The loan is envisaged under the Western Balkans Green Economy Financing Facility III - REpower ("WB GEFF III"). This will enable the bank to promote green economy investments in the country. The proceeds of the loan will be used to provide financing to ISP BiH for gender-responsive on-lending to eligible sub-borrowers in the residential sector for investments supporting Green Economy Transition ("GET") - eligible residential renewable energies and energy efficient technologies. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56113XI-IATI-EBRD-55070European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to €5 million, under the SME Go Green programme ("SME Go Green"). The transaction will support the aim of the Programme to: (i) scale up green economy investments, including energy efficient, resource efficient and renewable energy investments; (ii) in particular, scale up greening of agribusinesses supply chains and help agribusiness companies in the region reduce their environmental impact and become more sustainable and more resilient to the risks of climate change; (iii) increase SME competitiveness and trade potential of the private sector via targeted investments in sustainability practices and the adoption of internationally recognised quality standards; (iv) strengthen the financial sector by supporting climate resilience and inclusiveness of the Western Balkan economies, by improving financial institutions and businesses capacity to deploy sustainable and gender responsive green solutions as well as enhancing climate risk practices to ensure all projects under the Programme are aligned with the Paris Agreement; (v) promote more equitable access to climate and other finance for women-led SMEs in the region.European Bank for Reconstruction and DevelopmentNLB KOMERCIJALNA BANKA AD BEOGRADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.465135000000NLB KOMERCIJALNA BANKA AD BEOGRADPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to €5 million, under the SME Go Green programme ("SME Go Green"). The transaction will support the aim of the Programme to: (i) scale up green economy investments, including energy efficient, resource efficient and renewable energy investments; (ii) in particular, scale up greening of agribusinesses supply chains and help agribusiness companies in the region reduce their environmental impact and become more sustainable and more resilient to the risks of climate change; (iii) increase SME competitiveness and trade potential of the private sector via targeted investments in sustainability practices and the adoption of internationally recognised quality standards; (iv) strengthen the financial sector by supporting climate resilience and inclusiveness of the Western Balkan economies, by improving financial institutions and businesses capacity to deploy sustainable and gender responsive green solutions as well as enhancing climate risk practices to ensure all projects under the Programme are aligned with the Paris Agreement; (v) promote more equitable access to climate and other finance for women-led SMEs in the region. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55070XI-IATI-EBRD-53625European Bank for Reconstruction and DevelopmentLong-term senior unsecured loan of up to EUR 2 million to PCBM for on-lending to small and medium-sized enterprises in North Macedonia. The loan is envisaged under the Sustainable Reboot SME Programme ("Reboot SME"). The loan is intended to provide financing for on-lending to local SMEs for investments in high performance technologies and services in order to introduce and implement EU and other international quality standards. At least 70 per cent of the use of the proceeds is expected to be related to Green Economy Transition ("GET") investments.European Bank for Reconstruction and DevelopmentPROCREDIT BANK ADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.431412000000PROCREDIT BANK ADPRIVATEPRIVATEPRIVATELong-term senior unsecured loan of up to EUR 2 million to PCBM for on-lending to small and medium-sized enterprises in North Macedonia. The loan is envisaged under the Sustainable Reboot SME Programme ("Reboot SME"). The loan is intended to provide financing for on-lending to local SMEs for investments in high performance technologies and services in order to introduce and implement EU and other international quality standards. At least 70 per cent of the use of the proceeds is expected to be related to Green Economy Transition ("GET") investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53625XI-IATI-EBRD-51759European Bank for Reconstruction and DevelopmentThe EBRD invested EUR 14 million in the EUR 200 million senior unsecured bond issued by Motor Oil Hellas Corinth Refineries S.A. (the "Company"). The bond is listed on the Athens Stock Exchange and is maturing in 2028. The participation comes under the Greek Corporate Bonds Framework-Extension (the "Framework"). The Bank's proceeds will be used towards the implementation of the Company's renewable energy investment programme.European Bank for Reconstruction and DevelopmentMOTOR OIL HELLAS CORINTH REFINERIES SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATHENS37.98376 23.7278421350000MOTOR OIL HELLAS CORINTH REFINERIES SAPRIVATEPRIVATEPRIVATEThe EBRD invested EUR 14 million in the EUR 200 million senior unsecured bond issued by Motor Oil Hellas Corinth Refineries S.A. (the "Company"). The bond is listed on the Athens Stock Exchange and is maturing in 2028. The participation comes under the Greek Corporate Bonds Framework-Extension (the "Framework"). The Bank's proceeds will be used towards the implementation of the Company's renewable energy investment programme. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51759XI-IATI-EBRD-53271European Bank for Reconstruction and DevelopmentAn investment of €5 million in the green senior unsecured fixed coupon corporate bond issued by UAB Atsinaujinaniios Energetikos Investicijos (AEI), an investment fund incorporated in Lithuania The proceeds will be used to finance the development of wind projects located in Lithuania.European Bank for Reconstruction and DevelopmentATSINAUJINANCOS ENERGETIKOS INVESTICIJOSEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGVILNIUS54.68916 25.27986000000ATSINAUJINANCOS ENERGETIKOS INVESTICIJOSPRIVATEPRIVATEPRIVATEAn investment of €5 million in the green senior unsecured fixed coupon corporate bond issued by UAB Atsinaujinaniios Energetikos Investicijos (AEI), an investment fund incorporated in Lithuania The proceeds will be used to finance the development of wind projects located in Lithuania. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53271XI-IATI-EBRD-56063European Bank for Reconstruction and DevelopmentProvision of a five-year senior unsecured loan of up to EUR 10 million equivalent to OTP Bank S.A. under the SME Competitiveness and Inclusion Programme in the Eastern Partnership for on-lending to eligible micro, small and medium enterprises (MSMEs). The loan will consist of two equal tranches with the second tranche uncommitted and available at the sole discretion of EBRD. Each tranche will be available for disbursement in Moldovan Lei or in EUR. In addition to long-term financing, eligible sub-borrowers will receive technical assistance funded by the European Union and grant support in the form of investment incentives upon the completion of their investment projects. The project will enable OTP Bank S.A. to extend loans for investment purposes to local MSMEs, financing upgrades of technology and equipment necessary to meet EU standards in terms of product quality, health and safety measures and environmental preservation and thus will help businesses to become greener and more competitive.European Bank for Reconstruction and DevelopmentOTP BANK SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCHISINAU47.00556 28.857550000005000000OTP BANK SAPRIVATEPRIVATEPRIVATEProvision of a five-year senior unsecured loan of up to EUR 10 million equivalent to OTP Bank S.A. under the SME Competitiveness and Inclusion Programme in the Eastern Partnership for on-lending to eligible micro, small and medium enterprises (MSMEs). The loan will consist of two equal tranches with the second tranche uncommitted and available at the sole discretion of EBRD. Each tranche will be available for disbursement in Moldovan Lei or in EUR. In addition to long-term financing, eligible sub-borrowers will receive technical assistance funded by the European Union and grant support in the form of investment incentives upon the completion of their investment projects. The project will enable OTP Bank S.A. to extend loans for investment purposes to local MSMEs, financing upgrades of technology and equipment necessary to meet EU standards in terms of product quality, health and safety measures and environmental preservation and thus will help businesses to become greener and more competitive. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56063XI-IATI-EBRD-56267European Bank for Reconstruction and DevelopmentAn unfunded portfolio risk-sharing instrument partially covering the credit risk in newly originated sub-loans of Ukreximbank in Ukraine with the total value of up to EUR 100 million equivalent (the "Covered Portfolio"). The facility will be delivered in two equal tranches, with the second tranche being uncommitted. The Project is provided under the EBRD's Energy Security Support Facility ("ESSF"), a programme under the Resilience and Livelihood Framework, to finance energy generation, energy storage and energy efficiency sub-projects, including GET-eligible sub-projects (70% of the facility), to Ukrainian private businesses, state-owned enterprises (SOEs), municipalities and municipal companies. Technical assistance under ESSF will strengthen the capacity of Ukreximbank and its sub-borrowers to implement the facility in a streamlined manner, while adhering to the EBRD eligibility criteria. Up to 20% of risk shared sub-loans will finance SMEs' long-term investments under the EU4Business-EBRD Credit Line with Incentives (within a dedicated sub-limit assigned with a separate EBRD project number 56268). This will enable financing of long-term capital investments of SMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of the sub-limit), thereby enhancing competitiveness of businesses. Eligible sub-borrowers will also receive EU funded technical assistance and grant support in the form of investment incentives upon the completion of their investment projects. The Project aims to channel urgently needed investments into additional energy generation and storage capacity, as well as energy efficiency enhancements, thereby preserving energy security across all sectors in Ukraine.European Bank for Reconstruction and DevelopmentTHE STATE EXPORT-IMPORT BANK OF UKRAINE JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.52382000000020000000THE STATE EXPORT-IMPORT BANK OF UKRAINE JSCPRIVATEPRIVATEPRIVATEAn unfunded portfolio risk-sharing instrument partially covering the credit risk in newly originated sub-loans of Ukreximbank in Ukraine with the total value of up to EUR 100 million equivalent (the "Covered Portfolio"). The facility will be delivered in two equal tranches, with the second tranche being uncommitted. The Project is provided under the EBRD's Energy Security Support Facility ("ESSF"), a programme under the Resilience and Livelihood Framework, to finance energy generation, energy storage and energy efficiency sub-projects, including GET-eligible sub-projects (70% of the facility), to Ukrainian private businesses, state-owned enterprises (SOEs), municipalities and municipal companies. Technical assistance under ESSF will strengthen the capacity of Ukreximbank and its sub-borrowers to implement the facility in a streamlined manner, while adhering to the EBRD eligibility criteria. Up to 20% of risk shared sub-loans will finance SMEs' long-term investments under the EU4Business-EBRD Credit Line with Incentives (within a dedicated sub-limit assigned with a separate EBRD project number 56268). This will enable financing of long-term capital investments of SMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of the sub-limit), thereby enhancing competitiveness of businesses. Eligible sub-borrowers will also receive EU funded technical assistance and grant support in the form of investment incentives upon the completion of their investment projects. The Project aims to channel urgently needed investments into additional energy generation and storage capacity, as well as energy efficiency enhancements, thereby preserving energy security across all sectors in Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56267XI-IATI-EBRD-56034European Bank for Reconstruction and DevelopmentParticipation in a private placement as part of €143.2 million dual-tranche sustainability-linked bond (SLB) issuance by BOSQAR d.d. ("Company"; ZSE: BSQR), the holding company of the BOSQAR INVEST group ("Group"), headquartered in Croatia. EBRD proceeds will be used for acquisition financing in Croatia, whilst the proceeds of the public issuance will be used for general corporate purposes including further expansion through acquisitions. The Project supports further local capital market development as well as sustainability ambition and further growth and competitiveness of the BOSQAR INVEST group.European Bank for Reconstruction and DevelopmentBOSQAR DDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGZAGREB45.81444 15.9779838200000BOSQAR DDPRIVATEPRIVATEPRIVATEParticipation in a private placement as part of €143.2 million dual-tranche sustainability-linked bond (SLB) issuance by BOSQAR d.d. ("Company"; ZSE: BSQR), the holding company of the BOSQAR INVEST group ("Group"), headquartered in Croatia. EBRD proceeds will be used for acquisition financing in Croatia, whilst the proceeds of the public issuance will be used for general corporate purposes including further expansion through acquisitions. The Project supports further local capital market development as well as sustainability ambition and further growth and competitiveness of the BOSQAR INVEST group. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56034XI-IATI-EBRD-52434European Bank for Reconstruction and DevelopmentThis project was approved in the context of the Bank's response to the Covid-19 pandemic. To avoid delays to the delivery of this project, the Bank's President granted a deviation from the ordinary timelines for PSD disclosure, as contemplated by Section V of the Directive on Access to Information. Details of the Bank's response to Covid-19 and this deviation can be found on our website. Provision of a senior loan of up to EUR 15 million with 5 years maturity including 2 year grace period for on-lending to eligible micro, small and medium enterprises (MSMEs). The loan will be available in 3 tranches of EUR 5 mln each. Thr SME Competitiveness Programme in the Eastern Partnership is a follow-on facility of the existing FI DCFTA Blended Finance Programme (DCFTA), designed for Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine to support upgrades in micro, small and medium-sized enterprises (MSME) to European Union (EU) standards. The proposed project will enable ProcreditBank to extend loans for investment purposes to local MSMEs, financing upgrades of technology and equipment necessary to meet EU standards in product quality, health and safety measures and environmental preservation and thus will help businesses to become greener and more competitive.European Bank for Reconstruction and DevelopmentBC PROCREDIT BANK SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCHISINAU47.00556 28.857515000000BC PROCREDIT BANK SAPRIVATEPRIVATEPRIVATEThis project was approved in the context of the Bank's response to the Covid-19 pandemic. To avoid delays to the delivery of this project, the Bank's President granted a deviation from the ordinary timelines for PSD disclosure, as contemplated by Section V of the Directive on Access to Information. Details of the Bank's response to Covid-19 and this deviation can be found on our website. Provision of a senior loan of up to EUR 15 million with 5 years maturity including 2 year grace period for on-lending to eligible micro, small and medium enterprises (MSMEs). The loan will be available in 3 tranches of EUR 5 mln each. Thr SME Competitiveness Programme in the Eastern Partnership is a follow-on facility of the existing FI DCFTA Blended Finance Programme (DCFTA), designed for Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine to support upgrades in micro, small and medium-sized enterprises (MSME) to European Union (EU) standards. The proposed project will enable ProcreditBank to extend loans for investment purposes to local MSMEs, financing upgrades of technology and equipment necessary to meet EU standards in product quality, health and safety measures and environmental preservation and thus will help businesses to become greener and more competitive. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52434XI-IATI-EBRD-54467European Bank for Reconstruction and DevelopmentA EUR 100m senior unsecured corporate loan to Enefit Green AS ("Enefit Green", the "Company"), a renewable energy company incorporated in Estonia and active in the Baltic region and Poland, to support the construction and operation of two on-shore wind farms: Sopi with 175 MW capacity and Tootsi with 80 MW capacity, located in Estonia (the "Project"). The Project will contribute to climate change mitigation and Estonia's energy green transition by increasing the share of renewable energy generation in the country and adding up to 255 MW new wind generation capacity.European Bank for Reconstruction and DevelopmentENEFIT GREEN ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTALLINN59.43696 24.75353100000000100000000ENEFIT GREEN ASSTATESTATESTATESTATEA EUR 100m senior unsecured corporate loan to Enefit Green AS ("Enefit Green", the "Company"), a renewable energy company incorporated in Estonia and active in the Baltic region and Poland, to support the construction and operation of two on-shore wind farms: Sopi with 175 MW capacity and Tootsi with 80 MW capacity, located in Estonia (the "Project"). The Project will contribute to climate change mitigation and Estonia's energy green transition by increasing the share of renewable energy generation in the country and adding up to 255 MW new wind generation capacity. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54467XI-IATI-EBRD-51855European Bank for Reconstruction and DevelopmentEBRD has subscribed for an investment of PLN 240 million in 5-year unsecured bonds (the "Bonds") issued by Tauron Polska Energia S.A. (the "company" or "Tauron") to finance Tauron's energy transition programme and decarbonisation strategy. The operation will support the implementation of the company's decarbonisation strategy. Proceeds from the Bank's investment will be used to finance the expansion and upgrade of the distribution network, including the rollout of new renewable energy connections and new users connections.European Bank for Reconstruction and DevelopmentTAURON POLSKA ENERGIA SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKATOWICE50.25841 19.0275455841172.81TAURON POLSKA ENERGIA SAPRIVATEPRIVATEPRIVATEEBRD has subscribed for an investment of PLN 240 million in 5-year unsecured bonds (the "Bonds") issued by Tauron Polska Energia S.A. (the "company" or "Tauron") to finance Tauron's energy transition programme and decarbonisation strategy. The operation will support the implementation of the company's decarbonisation strategy. Proceeds from the Bank's investment will be used to finance the expansion and upgrade of the distribution network, including the rollout of new renewable energy connections and new users connections. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51855XI-IATI-EBRD-54177European Bank for Reconstruction and DevelopmentProvision of an equity investment of up to EUR 20 million in favour of ARX CE V COOPERATIEF UA (the "Fund"). The Fund will seek to make equity and quasi-equity investments in lower mid-market companies (principally SMEs) primarily in the Czech Republic, the Slovak Republic, Slovenia, Hungary and Poland with the objective of achieving long-term capital growth.European Bank for Reconstruction and DevelopmentARX CE V COOPERATIEF UAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRAGUE50.08804 14.42076BUDAPEST47.49835 19.04045WARSAW52.22977 21.01178LJUBLJANA46.05108 14.50513BRATISLAVA48.14816 17.1067413497919.4820000000ARX CE V COOPERATIEF UAPRIVATEPRIVATEPRIVATEProvision of an equity investment of up to EUR 20 million in favour of ARX CE V COOPERATIEF UA (the "Fund"). The Fund will seek to make equity and quasi-equity investments in lower mid-market companies (principally SMEs) primarily in the Czech Republic, the Slovak Republic, Slovenia, Hungary and Poland with the objective of achieving long-term capital growth. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54177XI-IATI-EBRD-56841European Bank for Reconstruction and DevelopmentAn equity investment of up to EUR 50 million in Green Genius International B.V. ("the Company"), a renewable energy developer and independent power producer with existing operations across Europe. This operation follows an initial EUR 100 million investment made by the EBRD in 2024. The EBRD's EUR 50 million equity investment will be allocated to financing the renewable energy and battery energy storage system ("BESS") pipeline projects across Latvia, Lithuania and Poland, significantly reducing greenhouse gas emissions.European Bank for Reconstruction and DevelopmentGREEN GENIUS INTERNATIONAL BVEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGVILNIUS54.68916 25.2798RIGA56.946 24.10589WARSAW52.22977 21.0117824102564.7550000000GREEN GENIUS INTERNATIONAL BVPRIVATEPRIVATEPRIVATEAn equity investment of up to EUR 50 million in Green Genius International B.V. ("the Company"), a renewable energy developer and independent power producer with existing operations across Europe. This operation follows an initial EUR 100 million investment made by the EBRD in 2024. The EBRD's EUR 50 million equity investment will be allocated to financing the renewable energy and battery energy storage system ("BESS") pipeline projects across Latvia, Lithuania and Poland, significantly reducing greenhouse gas emissions. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56841XI-IATI-EBRD-54125European Bank for Reconstruction and DevelopmentThe investment will address the priority needs of Tbilisi City identified under the Green City Action Plan (GCAP). The loan will be used for setting up the first waste treatment plant in Tbilisi, aiming at diverting waste sent to the sanitary landfill. The Project aims to contribute to an improved level of solid waste services and overall improved environment in Tbilisi. The Project will also bring landfill operations in line with the relevant EU environmental standards.European Bank for Reconstruction and DevelopmentGEORGIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTBILISI41.69411 44.8336821762073.0122000000GEORGIA SOVEREIGN220000GEORGIA SOVEREIGN10576.92GEORGIA SOVEREIGN6346.15GEORGIA SOVEREIGN1003.92GEORGIA SOVEREIGNSTATESTATESTATESTATEThe investment will address the priority needs of Tbilisi City identified under the Green City Action Plan (GCAP). The loan will be used for setting up the first waste treatment plant in Tbilisi, aiming at diverting waste sent to the sanitary landfill. The Project aims to contribute to an improved level of solid waste services and overall improved environment in Tbilisi. The Project will also bring landfill operations in line with the relevant EU environmental standards. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54125XI-IATI-EBRD-53848European Bank for Reconstruction and DevelopmentAn equity investment of up to EUR 5 million in favour of the the venture capital fund 500 Startups Istanbul Fund II (the "Fund") targeting early-stage technology driven companies in Türkiye and in Central and Eastern Europe. The project will form part of the Bank's Early-Stage Innovation Facility ("ESIF"), a EUR 100 million facility through which the EBRD selectively invests in commercially-oriented early-stage venture capital funds. The Fund will make equity and quasi-equity investments in early-stage technology driven companies in Türkiye and in Central and Eastern Europe ("CEE"), collectively the "Target Region".European Bank for Reconstruction and Development500 STARTUPS ISTANBUL FUND II COOPERATIEF UAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTALLINN59.43696 24.75353ATHENS37.98376 23.72784ZAGREB45.81444 15.97798BUDAPEST47.49835 19.04045WARSAW52.22977 21.01178BUCHAREST44.43225 26.10626ANKARA39.91987 32.854271565695000000500 STARTUPS ISTANBUL FUND II COOPERATIEF UAPRIVATEPRIVATEPRIVATEAn equity investment of up to EUR 5 million in favour of the the venture capital fund 500 Startups Istanbul Fund II (the "Fund") targeting early-stage technology driven companies in Türkiye and in Central and Eastern Europe. The project will form part of the Bank's Early-Stage Innovation Facility ("ESIF"), a EUR 100 million facility through which the EBRD selectively invests in commercially-oriented early-stage venture capital funds. The Fund will make equity and quasi-equity investments in early-stage technology driven companies in Türkiye and in Central and Eastern Europe ("CEE"), collectively the "Target Region". For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53848XI-IATI-EBRD-50712European Bank for Reconstruction and DevelopmentA sovereign guaranteed loan to Hrvatske Autoceste d.o.o., consisting of two tranches as follows: Tranche A: a committed tranche in the amount of up to EUR 35.7 million to finance construction of the 17.5 km section on Corridor Vc between the town of Beli Manastir and Halasica Bridge, as well as purchase and installation of the relevant motorway equipment; Tranche B: an uncommitted tranche in the amount of up to EUR 19.3 million to finance construction of the 5 km motorway section between the town of Beli Manastir and the Hungarian border. The commitment of the Tranche B will be at the Bank's sole discretion. Construction of the remaining sections on the Corridor Vc in Croatia, including: (i) a motorway section between Halasica Bridge and town of Beli Manastir, and (ii) a motorway section between the town of Beli Manastir and the Hungarian Border. The project will support regional integration and encourage introduction of inclusive procurement practices. The project is complementing the Bank's ongoing financing of the sections of the Corridor Vc in Bosnia and Herzegovina, earlier financing of the Corridor Vc in Croatia as well as Croatian Port of Ploce, the maritime gateway for the Corridor Vc.European Bank for Reconstruction and DevelopmentHRVATSKE AUTOCESTE DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGZAGREB45.81444 15.9779855000000HRVATSKE AUTOCESTE DOO357000HRVATSKE AUTOCESTE DOO2274956.21HRVATSKE AUTOCESTE DOO2032240.11HRVATSKE AUTOCESTE DOO2669492.99HRVATSKE AUTOCESTE DOO3172158.81HRVATSKE AUTOCESTE DOO704593.35HRVATSKE AUTOCESTE DOO2685033.3HRVATSKE AUTOCESTE DOO2439777.91HRVATSKE AUTOCESTE DOO2187506.9HRVATSKE AUTOCESTE DOO2197035.37HRVATSKE AUTOCESTE DOO805292.48HRVATSKE AUTOCESTE DOO546185.39HRVATSKE AUTOCESTE DOO533746.56HRVATSKE AUTOCESTE DOO873380.65HRVATSKE AUTOCESTE DOO1247175.7HRVATSKE AUTOCESTE DOO970610.4HRVATSKE AUTOCESTE DOO378302.45HRVATSKE AUTOCESTE DOO1017696.89HRVATSKE AUTOCESTE DOO882341HRVATSKE AUTOCESTE DOO1040754.24HRVATSKE AUTOCESTE DOO617033.32HRVATSKE AUTOCESTE DOO1309883.46HRVATSKE AUTOCESTE DOO1832617.43HRVATSKE AUTOCESTE DOO549440.06HRVATSKE AUTOCESTE DOO273810.22HRVATSKE AUTOCESTE DOO2101934.8HRVATSKE AUTOCESTE DOO193000HRVATSKE AUTOCESTE DOO494194.46HRVATSKE AUTOCESTE DOO503818.81HRVATSKE AUTOCESTE DOO545208.09HRVATSKE AUTOCESTE DOO503968.45HRVATSKE AUTOCESTE DOO507729.62HRVATSKE AUTOCESTE DOO687709.51HRVATSKE AUTOCESTE DOO1256961.72HRVATSKE AUTOCESTE DOO1449523.45HRVATSKE AUTOCESTE DOO1493261.6HRVATSKE AUTOCESTE DOO1410900.84HRVATSKE AUTOCESTE DOO1244130.48HRVATSKE AUTOCESTE DOO1047036.06HRVATSKE AUTOCESTE DOO1110311.72HRVATSKE AUTOCESTE DOO1063199.91HRVATSKE AUTOCESTE DOO997649.69HRVATSKE AUTOCESTE DOO834417.45HRVATSKE AUTOCESTE DOO556902.44HRVATSKE AUTOCESTE DOO793939.15HRVATSKE AUTOCESTE DOO904037.1HRVATSKE AUTOCESTE DOO1109130.83HRVATSKE AUTOCESTE DOO592968.62HRVATSKE AUTOCESTE DOOSTATESTATESTATESTATEA sovereign guaranteed loan to Hrvatske Autoceste d.o.o., consisting of two tranches as follows: Tranche A: a committed tranche in the amount of up to EUR 35.7 million to finance construction of the 17.5 km section on Corridor Vc between the town of Beli Manastir and Halasica Bridge, as well as purchase and installation of the relevant motorway equipment; Tranche B: an uncommitted tranche in the amount of up to EUR 19.3 million to finance construction of the 5 km motorway section between the town of Beli Manastir and the Hungarian border. The commitment of the Tranche B will be at the Bank's sole discretion. Construction of the remaining sections on the Corridor Vc in Croatia, including: (i) a motorway section between Halasica Bridge and town of Beli Manastir, and (ii) a motorway section between the town of Beli Manastir and the Hungarian Border. The project will support regional integration and encourage introduction of inclusive procurement practices. The project is complementing the Bank's ongoing financing of the sections of the Corridor Vc in Bosnia and Herzegovina, earlier financing of the Corridor Vc in Croatia as well as Croatian Port of Ploce, the maritime gateway for the Corridor Vc. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50712XI-IATI-EBRD-47087European Bank for Reconstruction and DevelopmentProvision of an up to EUR 80 million senior loan to the Republic of Moldova ("RoM") to be on-lent to Moldelectrica IS ("Moldelectrica" or the "Company"), the 100% state-owned single power transmission system operator in Moldova for the construction, equipment and placing into operation of: (i) a back-to-back High Voltage DC (HVDC) converter substation in Vulcanesti to allow the connection between the electricity systems of Romania and Moldova, namely the European Network of Transmission System Operators of Electricity (ENTSO-E) and the Integrated Power System/United Power System (IPS/UPS); (ii) a 400kV transmission line between Vulcanesti and Chisinau (to be financed by WB); iii) the extension of the substation in Chisinau in Moldova and (iv) the extension of the Vulcanesti 400kV substation (together, the "Project"). The transaction is part of an up to EUR 270 million financing package to be provided jointly with the European Investment Bank, the World Bank and the European Commission Neighbourhood Investment Facility. Moldova imports ca 80% of its electricity needs. The project aims at assisting Moldova to diversify its supply of electricity and strengthen the domestic transmission network, in particular in order to allow for integration with the ENTSO-E network in the long run.European Bank for Reconstruction and DevelopmentMOLDOVA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCHISINAU47.00556 28.857580000000MOLDOVA SOVEREIGN485674.46MOLDOVA SOVEREIGN317219.33MOLDOVA SOVEREIGN607434.8MOLDOVA SOVEREIGN36838.6MOLDOVA SOVEREIGNSTATESTATESTATESTATEProvision of an up to EUR 80 million senior loan to the Republic of Moldova ("RoM") to be on-lent to Moldelectrica IS ("Moldelectrica" or the "Company"), the 100% state-owned single power transmission system operator in Moldova for the construction, equipment and placing into operation of: (i) a back-to-back High Voltage DC (HVDC) converter substation in Vulcanesti to allow the connection between the electricity systems of Romania and Moldova, namely the European Network of Transmission System Operators of Electricity (ENTSO-E) and the Integrated Power System/United Power System (IPS/UPS); (ii) a 400kV transmission line between Vulcanesti and Chisinau (to be financed by WB); iii) the extension of the substation in Chisinau in Moldova and (iv) the extension of the Vulcanesti 400kV substation (together, the "Project"). The transaction is part of an up to EUR 270 million financing package to be provided jointly with the European Investment Bank, the World Bank and the European Commission Neighbourhood Investment Facility. Moldova imports ca 80% of its electricity needs. The project aims at assisting Moldova to diversify its supply of electricity and strengthen the domestic transmission network, in particular in order to allow for integration with the ENTSO-E network in the long run. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47087XI-IATI-EBRD-55460European Bank for Reconstruction and DevelopmentThe Project comprises construction of a second pet food plant in Lithuania of Kormortech Group. The Project will support Kormotech Group's strategy to expand its export operations and georgaphical diversification.European Bank for Reconstruction and DevelopmentKORMOTECH UABEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGVILNIUS54.68916 25.2798KYIV50.45466 30.523815000000KORMOTECH UABPRIVATEPRIVATEPRIVATEThe Project comprises construction of a second pet food plant in Lithuania of Kormortech Group. The Project will support Kormotech Group's strategy to expand its export operations and georgaphical diversification. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55460XI-IATI-EBRD-51740European Bank for Reconstruction and DevelopmentA five-year amortising senior loan of up to €10 million to be provided to ProCredit Bank Georgia to enable the bank support eligible MSMEs under SME Competitiveness Programme in Eastern Partnership for sustainable investments in technology and equipment. The project will enable the company to finance long-term investments of Georgian MSMEs in upgrading their technology and equipment necessary to meet EU standards in terms of product quality, health and safety measures and environmental protection. At least 70% of all financed sub-loans are expected to be compliant with EBRD Green Economy Transition (GET) approach.European Bank for Reconstruction and DevelopmentPROCREDIT BANK GEORGIA JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTBILISI41.69411 44.8336810000000PROCREDIT BANK GEORGIA JSCPRIVATEPRIVATEPRIVATEA five-year amortising senior loan of up to €10 million to be provided to ProCredit Bank Georgia to enable the bank support eligible MSMEs under SME Competitiveness Programme in Eastern Partnership for sustainable investments in technology and equipment. The project will enable the company to finance long-term investments of Georgian MSMEs in upgrading their technology and equipment necessary to meet EU standards in terms of product quality, health and safety measures and environmental protection. At least 70% of all financed sub-loans are expected to be compliant with EBRD Green Economy Transition (GET) approach. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51740XI-IATI-EBRD-56900European Bank for Reconstruction and DevelopmentAn equity commitment of up to EUR 30 million in favour of Horizon Capital Catalyst Fund SCSp (Catalyst). Catalyst will invest minority equity capital in asset-heavy mid-cap companies and/or projects in Ukraine (and potentially Moldova), with primary focus on the energy, digital infrastructure, construction services and construction materials sectors, to achieve long term capital appreciation.European Bank for Reconstruction and DevelopmentHORIZON CAPITAL CATALYST FUND SCSPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCHISINAU47.00556 28.8575KYIV50.45466 30.523827397144.2330000000HORIZON CAPITAL CATALYST FUND SCSPPRIVATEPRIVATEPRIVATEAn equity commitment of up to EUR 30 million in favour of Horizon Capital Catalyst Fund SCSp (Catalyst). Catalyst will invest minority equity capital in asset-heavy mid-cap companies and/or projects in Ukraine (and potentially Moldova), with primary focus on the energy, digital infrastructure, construction services and construction materials sectors, to achieve long term capital appreciation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56900XI-IATI-EBRD-52735European Bank for Reconstruction and DevelopmentThe provision of a long-term, senior A/B loan, including an A loan of up to USD 167 million, for the development, construction and operation of a wind power plant with an installed capacity of 240 MW located in the Khizi and Absheron regions of eastern Azerbaijan (the Project). ACWA Power Azerbaijan Renewable Energy Limited Liability Company, a special purpose vehicle established in Azerbaijan, will act as the borrower. ACWA Power will act as the sponsor for the project. The Project will add 240 MW of wind generation capacity to the power system of Azerbaijan. This would help substitute natural gas-based power plants and help in meeting the renewable energy targets set by the Government of Azerbaijan in line with county's commitments under the Paris Agreement. The Project will also result in strong environmental benefits with estimated annual CO2 emissions savings of up to 426,850 tonnes per annum. This will assist the country in its low-carbon transition, reducing its current high reliance on thermal power generation.European Bank for Reconstruction and DevelopmentACWA POWER AZERBAIJAN RENEWABLE ENERGY LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBAKU40.37767 49.8920113042588.52130963844.88ACWA POWER AZERBAIJAN RENEWABLE ENERGY LLCPRIVATEPRIVATEPRIVATEThe provision of a long-term, senior A/B loan, including an A loan of up to USD 167 million, for the development, construction and operation of a wind power plant with an installed capacity of 240 MW located in the Khizi and Absheron regions of eastern Azerbaijan (the Project). ACWA Power Azerbaijan Renewable Energy Limited Liability Company, a special purpose vehicle established in Azerbaijan, will act as the borrower. ACWA Power will act as the sponsor for the project. The Project will add 240 MW of wind generation capacity to the power system of Azerbaijan. This would help substitute natural gas-based power plants and help in meeting the renewable energy targets set by the Government of Azerbaijan in line with county's commitments under the Paris Agreement. The Project will also result in strong environmental benefits with estimated annual CO2 emissions savings of up to 426,850 tonnes per annum. This will assist the country in its low-carbon transition, reducing its current high reliance on thermal power generation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52735XI-IATI-EBRD-48687European Bank for Reconstruction and DevelopmentAn equity investment of up to EUR 30 million in Syntaxis New Europe III (the "Fund"). The Fund is a follow-on fund to Syntaxis Mezzanine Fund I and II. EBRD has been an investor in both previous funds. The Fund will seek to realise long-term capital gains through the provision of debt financing with associated equity upside to growth-oriented small and medium sized enterprises in Poland and other Central and South Eastern European countries.European Bank for Reconstruction and DevelopmentSYNTAXIS NEW EUROPE FUND III SCSPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.01178BUCHAREST44.43225 26.10626ANKARA39.91987 32.8542715295986.7830000000SYNTAXIS NEW EUROPE FUND III SCSPPRIVATEPRIVATEPRIVATEAn equity investment of up to EUR 30 million in Syntaxis New Europe III (the "Fund"). The Fund is a follow-on fund to Syntaxis Mezzanine Fund I and II. EBRD has been an investor in both previous funds. The Fund will seek to realise long-term capital gains through the provision of debt financing with associated equity upside to growth-oriented small and medium sized enterprises in Poland and other Central and South Eastern European countries. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48687XI-IATI-EBRD-52967European Bank for Reconstruction and DevelopmentUp to EUR 50.0 million equity investment in Adventum Penta Co-Investment SCSp (the "Company"), a closed-end limited partnership to be incorporated in Luxembourg to co-invest with Adventum Penta Fund SCA SICAV-RAIF (the "Fund") in acquiring and operating commercial real estate, including mix-used and retail assets, in Central and Eastern Europe ("CEE"). The Bank's participation will be used towards the acquisition of two portfolio assets, Sky Tower located in Poland, and a chain of grocery-anchored retail parks (the "Retail Portfolio") located in Hungary and Czech Republic, with potential follow-on investments in Slovak Republic and other CEE markets.European Bank for Reconstruction and DevelopmentADVENTUM PENTA FUND SCA SICAV-RAIFEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRAGUE50.08804 14.42076BUDAPEST47.49835 19.04045WARSAW52.22977 21.01178BRATISLAVA48.14816 17.10674905418350000000ADVENTUM PENTA FUND SCA SICAV-RAIFPRIVATEPRIVATEPRIVATEUp to EUR 50.0 million equity investment in Adventum Penta Co-Investment SCSp (the "Company"), a closed-end limited partnership to be incorporated in Luxembourg to co-invest with Adventum Penta Fund SCA SICAV-RAIF (the "Fund") in acquiring and operating commercial real estate, including mix-used and retail assets, in Central and Eastern Europe ("CEE"). The Bank's participation will be used towards the acquisition of two portfolio assets, Sky Tower located in Poland, and a chain of grocery-anchored retail parks (the "Retail Portfolio") located in Hungary and Czech Republic, with potential follow-on investments in Slovak Republic and other CEE markets. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52967XI-IATI-EBRD-56467European Bank for Reconstruction and DevelopmentProvision of a senior loan to Inecobank of up to USD 15m, of which up to USD 11.25m to be provided by the European Bank for Reconstruction and Development ("EBRD") and up to USD 3.75m by the Green Climate Fund ("GCF") under the GCF-Green Economy Financing Facility ("GEFF") Regional Programme. The proceeds of the loan will be used for financing investments in climate change mitigation and adaptation technologies by local private sector commercial sub-borrowers in a gender-responsive way, in line with the standards and reporting requirements of the GEFF in Armenia. 100 per cent of the loan proceeds will be related to Green Economy Transition investments. Inecobank will benefit from Technical Cooperation ("TC") in form of trainings, capacity building and support for project implementation from the dedicated programme consultants. The Project's use of proceeds may include solar sub-projects. Such sub-projects will be managed in line with "The Proposed Management Approach for Solar Supply Chain Risk Management" (CS/FO/21-35), (CS/FO/21-35 (Add 2)) and any subsequent guidance developed under that approach.European Bank for Reconstruction and DevelopmentINECOBANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYEREVAN40.18111 44.513619848551.17INECOBANK CJSCPRIVATEPRIVATEPRIVATEProvision of a senior loan to Inecobank of up to USD 15m, of which up to USD 11.25m to be provided by the European Bank for Reconstruction and Development ("EBRD") and up to USD 3.75m by the Green Climate Fund ("GCF") under the GCF-Green Economy Financing Facility ("GEFF") Regional Programme. The proceeds of the loan will be used for financing investments in climate change mitigation and adaptation technologies by local private sector commercial sub-borrowers in a gender-responsive way, in line with the standards and reporting requirements of the GEFF in Armenia. 100 per cent of the loan proceeds will be related to Green Economy Transition investments. Inecobank will benefit from Technical Cooperation ("TC") in form of trainings, capacity building and support for project implementation from the dedicated programme consultants. The Project's use of proceeds may include solar sub-projects. Such sub-projects will be managed in line with "The Proposed Management Approach for Solar Supply Chain Risk Management" (CS/FO/21-35), (CS/FO/21-35 (Add 2)) and any subsequent guidance developed under that approach. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56467XI-IATI-EBRD-55803European Bank for Reconstruction and DevelopmentProvision of a senior loan to Converse Bank ("CB") of up to USD 5 million under the SME Competitiveness and Inclusion Programme in Eastern Partnership ("EaP SMECI") established by the EBRD in cooperation with the European Union ("EU") to be on-lent to eligible micro, small and medium sized enterprises ("MSMEs"). The project will enable CB to finance long-term investments of Armenian MSMEs in upgrading their production facilities and processes to achieve compliance with the EU standards, including investments in sustainable and green technologies, thus facilitating competitiveness of Armenian MSMEs in the European and domestic markets. In addition to long-term financing, eligible sub-borrowers will benefit from investment incentives upon successful completion of their investment projects. At least 70 per cent of all financed sub-loans are expected to be compliant with EBRD Green Economy Transition ("GET") approach. The project will also include a new voluntary window Refugee Response Window for Armenia ("RRWA") dedicated and designed to address challenges faced specifically by displaced people as well as MSMEs in host communities. In addition to SMECI investment incentives, the RRWA will offer enhanced incentives to underserved, yet bankable refugee population, as well as MSMEs in host communities to integrate and on-board refugees into their workforce.European Bank for Reconstruction and DevelopmentCONVERSE BANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYEREVAN40.18111 44.513614379955.31CONVERSE BANK CJSCPRIVATEPRIVATEPRIVATEProvision of a senior loan to Converse Bank ("CB") of up to USD 5 million under the SME Competitiveness and Inclusion Programme in Eastern Partnership ("EaP SMECI") established by the EBRD in cooperation with the European Union ("EU") to be on-lent to eligible micro, small and medium sized enterprises ("MSMEs"). The project will enable CB to finance long-term investments of Armenian MSMEs in upgrading their production facilities and processes to achieve compliance with the EU standards, including investments in sustainable and green technologies, thus facilitating competitiveness of Armenian MSMEs in the European and domestic markets. In addition to long-term financing, eligible sub-borrowers will benefit from investment incentives upon successful completion of their investment projects. At least 70 per cent of all financed sub-loans are expected to be compliant with EBRD Green Economy Transition ("GET") approach. The project will also include a new voluntary window Refugee Response Window for Armenia ("RRWA") dedicated and designed to address challenges faced specifically by displaced people as well as MSMEs in host communities. In addition to SMECI investment incentives, the RRWA will offer enhanced incentives to underserved, yet bankable refugee population, as well as MSMEs in host communities to integrate and on-board refugees into their workforce. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55803XI-IATI-EBRD-53335European Bank for Reconstruction and DevelopmentAn investment in the inaugural green bond (EuroPP) issued by Qair International SAS ("Qair", the "Company"). The notes are senior unsecured and bear an annual fixed coupon. Qair is a French renewable energy developer and independent power producer. The bond proceeds will be used, according to the Green Bond Framework, to support Qair's corporate financing needs to accelerate the deployment of its wind and solar pipeline projects. Furthermore, Qair has committed to invest in the EBRD's CoOs the amounts equal to at least 200% of the Bank's participation in Qair's green bond, within 36 months from the issuance.European Bank for Reconstruction and DevelopmentQAIR INTERNATIONAL SASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATHENS37.98376 23.72784WARSAW52.22977 21.0117811900000QAIR INTERNATIONAL SASPRIVATEPRIVATEPRIVATEAn investment in the inaugural green bond (EuroPP) issued by Qair International SAS ("Qair", the "Company"). The notes are senior unsecured and bear an annual fixed coupon. Qair is a French renewable energy developer and independent power producer. The bond proceeds will be used, according to the Green Bond Framework, to support Qair's corporate financing needs to accelerate the deployment of its wind and solar pipeline projects. Furthermore, Qair has committed to invest in the EBRD's CoOs the amounts equal to at least 200% of the Bank's participation in Qair's green bond, within 36 months from the issuance. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53335XI-IATI-EBRD-53345European Bank for Reconstruction and DevelopmentProvision of a EUR 25 million long-term loan to subsidiaries (Turpaz Belgium and Pollena Aroma Poland) of Turpaz Industries (the "Company"). The proceeds of the loan will be used to finance the Company's acquisitions, and working capital and capex needs of its subsidiaries in Hungary, Romania, Latvia, Poland and Slovenia. ("Project").European Bank for Reconstruction and DevelopmentTURPAZ BELGIUM SRLEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUDAPEST47.49835 19.04045RIGA56.946 24.10589WARSAW52.22977 21.01178BUCHAREST44.43225 26.10626LJUBLJANA46.05108 14.5051325000000TURPAZ BELGIUM SRLPRIVATEPRIVATEPRIVATEProvision of a EUR 25 million long-term loan to subsidiaries (Turpaz Belgium and Pollena Aroma Poland) of Turpaz Industries (the "Company"). The proceeds of the loan will be used to finance the Company's acquisitions, and working capital and capex needs of its subsidiaries in Hungary, Romania, Latvia, Poland and Slovenia. ("Project"). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53345XI-IATI-EBRD-56777European Bank for Reconstruction and DevelopmentThe Project is an equity co-investment for a minority stake in Luxembourg domiciled holding company alongside Resource Partners with proceeds used to acquire majority shareholding in Unilogo Robotics Sp. z o.o. (through its holding entity). The selling shareholders will retain a minority stake. The Project will enable to implement value creation plan focusing on scaling up the business, focusing on value-added products and strengthening competitive position in the high-speed packing lines through continuous innovation.European Bank for Reconstruction and DevelopmentOPTILINEA SARLEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.011789905000OPTILINEA SARLPRIVATEPRIVATEPRIVATEThe Project is an equity co-investment for a minority stake in Luxembourg domiciled holding company alongside Resource Partners with proceeds used to acquire majority shareholding in Unilogo Robotics Sp. z o.o. (through its holding entity). The selling shareholders will retain a minority stake. The Project will enable to implement value creation plan focusing on scaling up the business, focusing on value-added products and strengthening competitive position in the high-speed packing lines through continuous innovation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56777XI-IATI-EBRD-51882European Bank for Reconstruction and DevelopmentThe EBRD invested EUR 57.5 million in the EUR 500 million senior unsecured bond issued by GEK TERNA S.A. The bond is listed on the Athens Stock Exchange and is maturing in 2027. The participation comes under the Greek Corporate Bonds Framework - Extension. As part of the Framework, the Project aims to support the development of the local corporate bond market in Greece and facilitate the access of Greek corporates to the debt capital markets. The EBRD proceeds will be used to refinance secured commercial loans with longer tenor and reduced financing costs, enabling the corporate transformation that will optimise, among others, the capital structure of GEK TERNA. Further proceeds from the bond issuance will support new and/or existing investments in concession, infrastructure and energy projects.European Bank for Reconstruction and DevelopmentGEK TERNA SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATHENS37.98376 23.7278460000000GEK TERNA SAPRIVATEPRIVATEPRIVATEThe EBRD invested EUR 57.5 million in the EUR 500 million senior unsecured bond issued by GEK TERNA S.A. The bond is listed on the Athens Stock Exchange and is maturing in 2027. The participation comes under the Greek Corporate Bonds Framework - Extension. As part of the Framework, the Project aims to support the development of the local corporate bond market in Greece and facilitate the access of Greek corporates to the debt capital markets. The EBRD proceeds will be used to refinance secured commercial loans with longer tenor and reduced financing costs, enabling the corporate transformation that will optimise, among others, the capital structure of GEK TERNA. Further proceeds from the bond issuance will support new and/or existing investments in concession, infrastructure and energy projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51882XI-IATI-EBRD-55619European Bank for Reconstruction and DevelopmentEquity co-investment of up to EUR 25 million, alongside Mid Europa, for the acquisition of Famar (the "Company" or the "Target"), a European pharmaceutical Contract Development and Manufacturing Organisation ("CDMO"). The Bank's equity investment alongside Mid Europa will enable the transformation of Famar towards higher-value-added products with an enhanced set of R&D capabilities, and a potential for the Company to become a platform for further acquisitions in the Central and South Eastern Europe region.European Bank for Reconstruction and DevelopmentEPIONE CO-INVESTMENT LPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATHENS37.98376 23.72784652549.5725000000EPIONE CO-INVESTMENT LPPRIVATEPRIVATEPRIVATEEquity co-investment of up to EUR 25 million, alongside Mid Europa, for the acquisition of Famar (the "Company" or the "Target"), a European pharmaceutical Contract Development and Manufacturing Organisation ("CDMO"). The Bank's equity investment alongside Mid Europa will enable the transformation of Famar towards higher-value-added products with an enhanced set of R&D capabilities, and a potential for the Company to become a platform for further acquisitions in the Central and South Eastern Europe region. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55619XI-IATI-EBRD-51132European Bank for Reconstruction and DevelopmentIn June 2019, EBRD approved investments in a series of EUR-denominated mortgage covered bonds to be issued by Slovenska sporiteiia, a.s. ("SLSP") under the EBRD Covered Bond Framework II for Slovakia. In June 2019, the EBRD invested in the first EUR 500 million benchmark covered bond issuance of SLSP with a 7-year tenor. The EBRD participation was EUR 40 million with 60% of EBRD investment to be allocated to green projects in line with the Bank's Green Economy Transition ("GET") approach. In April 2022, the EBRD subscribed EUR 55 million in the EUR 500 million benchmark covered bond issuance of SLSP with a 5-year tenor. 100% of the proceeds were to be directed to green sub-projects in line with EBRD GET criteria. In August 2023, the EBRD invested EUR 25 million in covered bond issuance of SLSP, in a total amount of EUR 500 million and a 4-year tenor. 100% of the proceeds to be directed to green sub-projects in line with EBRD GET criteria. In January 2025, the EBRD invested EUR 12 million in covered bond issuance of SLSP, in a total amount of EUR 500 million and a 4-year tenor. 100% of the proceeds to be directed to green sub-projects in line with EBRD GET criteria. All bonds are listed on Bratislava Stock Exchange. The project seeks to support a systematically important bank to strengthen its resilience, diversify funding sources and enhance asset-liability profile. The project also contributes to capital market development by enabling continued issuances of covered bonds in Slovakia. The project strongly supports the green agenda in Slovakia with SLSP committing since 2019 to allocate 60%, and since 2022 100% of EBRD's participation to financing green projects in line with EBRD's GET requirements.European Bank for Reconstruction and DevelopmentSLOVENSKA SPORITELNA ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBRATISLAVA48.14816 17.10674150000000SLOVENSKA SPORITELNA ASPRIVATEPRIVATEPRIVATEIn June 2019, EBRD approved investments in a series of EUR-denominated mortgage covered bonds to be issued by Slovenska sporiteiia, a.s. ("SLSP") under the EBRD Covered Bond Framework II for Slovakia. In June 2019, the EBRD invested in the first EUR 500 million benchmark covered bond issuance of SLSP with a 7-year tenor. The EBRD participation was EUR 40 million with 60% of EBRD investment to be allocated to green projects in line with the Bank's Green Economy Transition ("GET") approach. In April 2022, the EBRD subscribed EUR 55 million in the EUR 500 million benchmark covered bond issuance of SLSP with a 5-year tenor. 100% of the proceeds were to be directed to green sub-projects in line with EBRD GET criteria. In August 2023, the EBRD invested EUR 25 million in covered bond issuance of SLSP, in a total amount of EUR 500 million and a 4-year tenor. 100% of the proceeds to be directed to green sub-projects in line with EBRD GET criteria. In January 2025, the EBRD invested EUR 12 million in covered bond issuance of SLSP, in a total amount of EUR 500 million and a 4-year tenor. 100% of the proceeds to be directed to green sub-projects in line with EBRD GET criteria. All bonds are listed on Bratislava Stock Exchange. The project seeks to support a systematically important bank to strengthen its resilience, diversify funding sources and enhance asset-liability profile. The project also contributes to capital market development by enabling continued issuances of covered bonds in Slovakia. The project strongly supports the green agenda in Slovakia with SLSP committing since 2019 to allocate 60%, and since 2022 100% of EBRD's participation to financing green projects in line with EBRD's GET requirements. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51132XI-IATI-EBRD-55989European Bank for Reconstruction and DevelopmentA holding level ("HoldCo") secured financing of up to EUR 100 million to Renalfa IPP GmbH ("Renalfa IPP" or the "Company"), a renewable energy developer and an independent power producer ("IPP"), for the development, construction and operation of about 1GW of renewable energy sources ("RES") co-located with about 3GWh of battery energy storage systems ("BESS") across Bulgaria, Romania and Hungary (the "Project"). The loan is expected to partially benefit from support under the InvestEU Fund, which benefits are envisaged to be shared along with the co-lenders. The Project's main objectives are: i) Through the proceeds of the loan, Renalfa IPP aims to fund an extensive investment program to hybridize (integrating BESS technology into the existing and new solar photovoltaic ("PV") and wind assets) and expand its existing RES portfolio, positioning the Company as a leading renewable energy producer in the CEE region. ii) The Project will significantly boost the Company's energy production and storage capacity, enabling to meet increasing energy demands in Bulgaria and the broader CEE market. Also, by leveraging innovative technologies like BESS, Renalfa IPP can capture new market segments in renewable energy sector.European Bank for Reconstruction and DevelopmentRENALFA IPP GMBHEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSOFIA42.69751 23.32415BUDAPEST47.49835 19.04045BUCHAREST44.43225 26.106263943800.86100000000RENALFA IPP GMBHPRIVATEPRIVATEPRIVATEA holding level ("HoldCo") secured financing of up to EUR 100 million to Renalfa IPP GmbH ("Renalfa IPP" or the "Company"), a renewable energy developer and an independent power producer ("IPP"), for the development, construction and operation of about 1GW of renewable energy sources ("RES") co-located with about 3GWh of battery energy storage systems ("BESS") across Bulgaria, Romania and Hungary (the "Project"). The loan is expected to partially benefit from support under the InvestEU Fund, which benefits are envisaged to be shared along with the co-lenders. The Project's main objectives are: i) Through the proceeds of the loan, Renalfa IPP aims to fund an extensive investment program to hybridize (integrating BESS technology into the existing and new solar photovoltaic ("PV") and wind assets) and expand its existing RES portfolio, positioning the Company as a leading renewable energy producer in the CEE region. ii) The Project will significantly boost the Company's energy production and storage capacity, enabling to meet increasing energy demands in Bulgaria and the broader CEE market. Also, by leveraging innovative technologies like BESS, Renalfa IPP can capture new market segments in renewable energy sector. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55989XI-IATI-EBRD-56367European Bank for Reconstruction and DevelopmentEUR 22.3 loan in favour of Power One LLC (Ukraine) to construct in Ukraine private power generation and storage capacities, consisting of gas-fired peakers for 36.8MW and Battery Energy Storage System (BESS) facilities for 31.5MW. The Loan is supplemented by EUR 3m grant support provided by Norway and up to 30% of first-loss guarantee by the EU provided under the Ukraine Investment Framework ("UIF") Hi-Bar program. Provide fast-response generation and storage capacities to stabilise the grid, support wartime energy security, enable renewable integration, and supply ancillary services (peaking, frequency response).European Bank for Reconstruction and DevelopmentPOWER 1 LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.5238405664422300000POWER 1 LLCPRIVATEPRIVATEPRIVATEEUR 22.3 loan in favour of Power One LLC (Ukraine) to construct in Ukraine private power generation and storage capacities, consisting of gas-fired peakers for 36.8MW and Battery Energy Storage System (BESS) facilities for 31.5MW. The Loan is supplemented by EUR 3m grant support provided by Norway and up to 30% of first-loss guarantee by the EU provided under the Ukraine Investment Framework ("UIF") Hi-Bar program. Provide fast-response generation and storage capacities to stabilise the grid, support wartime energy security, enable renewable integration, and supply ancillary services (peaking, frequency response). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56367XI-IATI-EBRD-52803European Bank for Reconstruction and DevelopmentA loan of up to €31.62 million to Hrvatska Elektroprivreda d.d. (HEP), Croatia's national energy company to finance the construction and operation of a solar power plant with installed capacity of up to 99 MW. The project will benefit from 80% sovereign guarantee of the Republic of Croatia and will be a co-financed with another bank. The project will enable the Company to develop, construct and operate a solar power plant with total installed capacity of up to 99 MW, supporting HEP's decarbonisation plans.European Bank for Reconstruction and DevelopmentHRVATSKA ELEKTROPRIVREDA DDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGZAGREB45.81444 15.977989555073.6631620000HRVATSKA ELEKTROPRIVREDA DD168770HRVATSKA ELEKTROPRIVREDA DD10560542.5HRVATSKA ELEKTROPRIVREDA DD11335613.84HRVATSKA ELEKTROPRIVREDA DDSTATESTATESTATESTATEA loan of up to €31.62 million to Hrvatska Elektroprivreda d.d. (HEP), Croatia's national energy company to finance the construction and operation of a solar power plant with installed capacity of up to 99 MW. The project will benefit from 80% sovereign guarantee of the Republic of Croatia and will be a co-financed with another bank. The project will enable the Company to develop, construct and operate a solar power plant with total installed capacity of up to 99 MW, supporting HEP's decarbonisation plans. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52803XI-IATI-EBRD-55682European Bank for Reconstruction and DevelopmentProvision of a senior loan of up to USD 65 million in favour of JSC Rustavi Azot (the "Company"), a joint stock company incorporated in Georgia, a leading chemical manufacturer in Georgia. The Loan proceeds will be applied to finance: (i) the construction of a new low density ammonium nitrate (LDAN) plant located in Rustavi, Georgia, on territory of the existing plant; (ii) capital expenditures for energy efficiency improvements of the existing plant and (iii) working capital requirements.European Bank for Reconstruction and DevelopmentRUSTAVI AZOT JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGRUSTAVI41.54949 44.9932335892497.5956902740.09RUSTAVI AZOT JSCPRIVATEPRIVATEPRIVATEProvision of a senior loan of up to USD 65 million in favour of JSC Rustavi Azot (the "Company"), a joint stock company incorporated in Georgia, a leading chemical manufacturer in Georgia. The Loan proceeds will be applied to finance: (i) the construction of a new low density ammonium nitrate (LDAN) plant located in Rustavi, Georgia, on territory of the existing plant; (ii) capital expenditures for energy efficiency improvements of the existing plant and (iii) working capital requirements. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55682XI-IATI-EBRD-47604European Bank for Reconstruction and DevelopmentIn 2015, the EBRD acquired an equity stake in Zagreb Stock Exchange ("ZSE" or "Company") via a capital increase alongside institutional investors. The project supported the development of the financial infrastructure and corporate governance at ZSE. The investment was an important step of EBRD's efforts to facilitate capital markets consolidation in Central and South-Eastern Europe. The project followed EBRD's acquisition of a minority stake in the Bucharest Stock Exchange and the Bank's support for SEE Link, a project designed to create connectivity among exchanges in SEE. The project was in line with the EU's Capital Markets Union ("CMU") initiative to create open and efficient cross-border capital markets. Furthermore, the project supported the Markets in Financial Instruments Directive II ("MiFID 2") objectives for establishing SME growth markets and uniform SME listing requirements.European Bank for Reconstruction and DevelopmentZAGREBACKA BURZA DDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGZAGREB45.81444 15.97798786163.52ZAGREBACKA BURZA DDPRIVATEPRIVATEPRIVATEIn 2015, the EBRD acquired an equity stake in Zagreb Stock Exchange ("ZSE" or "Company") via a capital increase alongside institutional investors. The project supported the development of the financial infrastructure and corporate governance at ZSE. The investment was an important step of EBRD's efforts to facilitate capital markets consolidation in Central and South-Eastern Europe. The project followed EBRD's acquisition of a minority stake in the Bucharest Stock Exchange and the Bank's support for SEE Link, a project designed to create connectivity among exchanges in SEE. The project was in line with the EU's Capital Markets Union ("CMU") initiative to create open and efficient cross-border capital markets. Furthermore, the project supported the Markets in Financial Instruments Directive II ("MiFID 2") objectives for establishing SME growth markets and uniform SME listing requirements. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47604XI-IATI-EBRD-53388European Bank for Reconstruction and DevelopmentA senior loan to ArmSwissBank ("ASB") of up to USD 5 million under the SME Competitiveness and Inclusion Programme in Eastern Partnership ("EaP SMECI") established by the European Bank for Reconstruction and Development ("EBRD") in cooperation with the European Union ("EU") to be on-lent to eligible micro, small and medium sized enterprises ("MSMEs"). The project will enable ASB to finance long-term investments of Armenian MSMEs in upgrading their production facilities and processes to achieve compliance with the EU standards, including investments in sustainable and green technologies, thus facilitating competitiveness of Armenian MSMEs in the European and domestic markets. In addition to long-term financing, eligible sub-borrowers will benefit from investment incentives upon successful completion of their investment projects. At least 70 per cent of all financed sub-loans are expected to be compliant with EBRD Green Economy Transition ("GET") approach.European Bank for Reconstruction and DevelopmentARMSWISSBANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYEREVAN40.18111 44.513614598517.36ARMSWISSBANK CJSCPRIVATEPRIVATEPRIVATEA senior loan to ArmSwissBank ("ASB") of up to USD 5 million under the SME Competitiveness and Inclusion Programme in Eastern Partnership ("EaP SMECI") established by the European Bank for Reconstruction and Development ("EBRD") in cooperation with the European Union ("EU") to be on-lent to eligible micro, small and medium sized enterprises ("MSMEs"). The project will enable ASB to finance long-term investments of Armenian MSMEs in upgrading their production facilities and processes to achieve compliance with the EU standards, including investments in sustainable and green technologies, thus facilitating competitiveness of Armenian MSMEs in the European and domestic markets. In addition to long-term financing, eligible sub-borrowers will benefit from investment incentives upon successful completion of their investment projects. At least 70 per cent of all financed sub-loans are expected to be compliant with EBRD Green Economy Transition ("GET") approach. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53388XI-IATI-EBRD-51678European Bank for Reconstruction and DevelopmentProvision of a senior loan to finance the development, construction and operation of a 50 MW portfolio of onshore windfarms in Udanin, Poland (the "project"). The borrower will be the special purpose company owning the wind farm: Farma Wiatrowa 5 Sp. z o.o (the "borrower"). The project will contribute to climate mitigation by adding wind generation capacity to the national energy system, increasing the share of renewable energy generation in Poland. In addition, the project will support the entry of a new player in the Polish renewable energy market.European Bank for Reconstruction and DevelopmentQWP UDANIN SP ZOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.011781124966.9622836480.29QWP UDANIN SP ZOOPRIVATEPRIVATEPRIVATEProvision of a senior loan to finance the development, construction and operation of a 50 MW portfolio of onshore windfarms in Udanin, Poland (the "project"). The borrower will be the special purpose company owning the wind farm: Farma Wiatrowa 5 Sp. z o.o (the "borrower"). The project will contribute to climate mitigation by adding wind generation capacity to the national energy system, increasing the share of renewable energy generation in Poland. In addition, the project will support the entry of a new player in the Polish renewable energy market. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51678XI-IATI-EBRD-55637European Bank for Reconstruction and DevelopmentSenior, unsecured, corporate loan of up to EUR 60.0 million to AB Ignitis Grupe (the "Company") to support the development, construction, equipment and operation of Electric Vehicles ("EV") charging stations in the Baltic countries (the "Project"). As part of the Project, the Company is expected to benefit from an up to EUR 3.78 million grant financing under the EU Alternative Fuels Infrastructure Facility ("AFIF"). The Project will finance up to 600 public EV charging stations across Lithuania, Latvia and Estonia. The Bank's loan proceeds will be used for the roll-out of the charging stations for electric vehicles in the Baltic countries. The EV charging services market in the Baltic countries is in its development stage, lagging behind that in Western Europe in infrastructure and density. With this financing, the Company aims to fortify and expand its position in Lithuania, while creating a comprehensive public EV charging network in Latvia, focusing on strategic sites, ensuring optimal locations which cater to local demand and high-traffic areas, and penetrating gradually the Estonian EV charging services market.European Bank for Reconstruction and DevelopmentIGNITIS GRUPE ABEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTALLINN59.43696 24.75353VILNIUS54.68916 25.2798RIGA56.946 24.105891393708860000000IGNITIS GRUPE AB28202732IGNITIS GRUPE AB9400337IGNITIS GRUPE AB8459843IGNITIS GRUPE ABSTATESTATESTATESTATESenior, unsecured, corporate loan of up to EUR 60.0 million to AB Ignitis Grupe (the "Company") to support the development, construction, equipment and operation of Electric Vehicles ("EV") charging stations in the Baltic countries (the "Project"). As part of the Project, the Company is expected to benefit from an up to EUR 3.78 million grant financing under the EU Alternative Fuels Infrastructure Facility ("AFIF"). The Project will finance up to 600 public EV charging stations across Lithuania, Latvia and Estonia. The Bank's loan proceeds will be used for the roll-out of the charging stations for electric vehicles in the Baltic countries. The EV charging services market in the Baltic countries is in its development stage, lagging behind that in Western Europe in infrastructure and density. With this financing, the Company aims to fortify and expand its position in Lithuania, while creating a comprehensive public EV charging network in Latvia, focusing on strategic sites, ensuring optimal locations which cater to local demand and high-traffic areas, and penetrating gradually the Estonian EV charging services market. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55637XI-IATI-EBRD-57449European Bank for Reconstruction and DevelopmentA senior loan of up to EUR 15 million, to provide emergency support to the City of Kharkiv via liquidity financing to its municipal utilities/operators, to mitigate the effect of the ongoing war on the City's financial position, and to ensure uninterrupted provision of essential municipal services to the City's residents, internally displaced persons ("IDPs") and enterprises (the "Project"). The recipients of liquidity support from the City are planned to be the four municipal operators: i) the Communal Enterprise "Kharkivsky metropoliten", an existing client of the Bank; ii) the Communal Enterprise "Trolleybus depot no. 2", an existing client of the Bank; iii) the Communal Enterprise "Saltiv tram depot"; and iv) the Communal Enterprise "Kharkiv heat networks" (together the "Recipients"). Given war- related risks, the loan will benefit from a partial first loss risk cover by the EU Ukraine Investment Framework Municipal Infrastructure and Industrial Resilience ("EU UIF MIIR") Programme. The Bank's loan is expected to support the key municipal utilities and public transport operators in 2026-2027 by addressing their critical liquidity needs, to ensure uninterrupted provision of essential public services in response to direct damage from the war, additional demand for services due to the presence of a significant number of IDPs and the City's shrinking liquidity. In the absence of the Bank's support, given the on-going war and its effects on the local economy and ongoing forced displacement and labour market volatility, there is a high risk of disruption in provision of infrastructure services, which are vital for Kharkiv's economic recovery and the City's private sector.European Bank for Reconstruction and DevelopmentCITY OF KHARKIVEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKHARKIV49.98081 36.252721500000015000000CITY OF KHARKIVSTATESTATESTATESTATEA senior loan of up to EUR 15 million, to provide emergency support to the City of Kharkiv via liquidity financing to its municipal utilities/operators, to mitigate the effect of the ongoing war on the City's financial position, and to ensure uninterrupted provision of essential municipal services to the City's residents, internally displaced persons ("IDPs") and enterprises (the "Project"). The recipients of liquidity support from the City are planned to be the four municipal operators: i) the Communal Enterprise "Kharkivsky metropoliten", an existing client of the Bank; ii) the Communal Enterprise "Trolleybus depot no. 2", an existing client of the Bank; iii) the Communal Enterprise "Saltiv tram depot"; and iv) the Communal Enterprise "Kharkiv heat networks" (together the "Recipients"). Given war- related risks, the loan will benefit from a partial first loss risk cover by the EU Ukraine Investment Framework Municipal Infrastructure and Industrial Resilience ("EU UIF MIIR") Programme. The Bank's loan is expected to support the key municipal utilities and public transport operators in 2026-2027 by addressing their critical liquidity needs, to ensure uninterrupted provision of essential public services in response to direct damage from the war, additional demand for services due to the presence of a significant number of IDPs and the City's shrinking liquidity. In the absence of the Bank's support, given the on-going war and its effects on the local economy and ongoing forced displacement and labour market volatility, there is a high risk of disruption in provision of infrastructure services, which are vital for Kharkiv's economic recovery and the City's private sector. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57449XI-IATI-EBRD-55333European Bank for Reconstruction and DevelopmentAn equity investment of RON 77.1 million (EUR 15.5 million) in the initial public offering ("IPO") of Premier Energy PLC ("Premier" or the "Company"), one of the fastest growing private integrated energy players in southeastern Europe, with operations in Romania and Moldova. The EBRD subscribed to 10.99% of the newly issued shares in the IPO, representing a 3.2% total ownership stake in the Company. Premier Energy's shares are listed on the Bucharest Stock Exchange (BSE) and began trading on 28 May 2024. To support the Company in raising funds for renewable energy expansion and to contribute to local capital market development in Romania. The IPO proceeds will be exclusively directed towards expanding Premier's renewable energy generation capacity, both organically, and via acquisition of renewable projects and operating plants located primarily in Romania and Moldova.European Bank for Reconstruction and DevelopmentPREMIER ENERGY PLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCHISINAU47.00556 28.8575BUCHAREST44.43225 26.1062615488638.65PREMIER ENERGY PLCPRIVATEPRIVATEPRIVATEAn equity investment of RON 77.1 million (EUR 15.5 million) in the initial public offering ("IPO") of Premier Energy PLC ("Premier" or the "Company"), one of the fastest growing private integrated energy players in southeastern Europe, with operations in Romania and Moldova. The EBRD subscribed to 10.99% of the newly issued shares in the IPO, representing a 3.2% total ownership stake in the Company. Premier Energy's shares are listed on the Bucharest Stock Exchange (BSE) and began trading on 28 May 2024. To support the Company in raising funds for renewable energy expansion and to contribute to local capital market development in Romania. The IPO proceeds will be exclusively directed towards expanding Premier's renewable energy generation capacity, both organically, and via acquisition of renewable projects and operating plants located primarily in Romania and Moldova. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55333XI-IATI-EBRD-52137European Bank for Reconstruction and DevelopmentAn equity investment of EUR 11.8 million in the initial public offering ("IPO") of Enefit Green AS ("Enefit Green", the "company"), a renewable energy company in the Baltic region. The EBRD's subscription accounted for 6.7% of the shares newly issued in the IPO, equivalent to 1.5% of the company's total stake. The company's shares have been listed on the Tallinn Stock Exchange and included in the NASDAQ Baltics Main List as of 21 October 2021. The objective is to support the listing of a first pure-play renewable energy company in the Baltic countries and to contribute to local capital market development. The proceeds of the IPO will be used to finance the company's development of renewable energy projects in the Baltic countries and in Poland.European Bank for Reconstruction and DevelopmentENEFIT GREEN ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTALLINN59.43696 24.75353VILNIUS54.68916 25.279811812503.3ENEFIT GREEN AS9450002.64ENEFIT GREEN ASSTATESTATESTATESTATEAn equity investment of EUR 11.8 million in the initial public offering ("IPO") of Enefit Green AS ("Enefit Green", the "company"), a renewable energy company in the Baltic region. The EBRD's subscription accounted for 6.7% of the shares newly issued in the IPO, equivalent to 1.5% of the company's total stake. The company's shares have been listed on the Tallinn Stock Exchange and included in the NASDAQ Baltics Main List as of 21 October 2021. The objective is to support the listing of a first pure-play renewable energy company in the Baltic countries and to contribute to local capital market development. The proceeds of the IPO will be used to finance the company's development of renewable energy projects in the Baltic countries and in Poland. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52137XI-IATI-EBRD-57425European Bank for Reconstruction and DevelopmentResilience and Livelihoods Guarantee (RLG) sub-limit* under the Resilience and Livelihoods Framework in the form of an unfunded portfolio risk sharing instrument in the amount of EUR 18.75M covering up to 50 per cent of the credit risk in newly originated sub-loans with the total value of EUR 37.5M equivalent (the "Covered Portfolio"). The instrument has a maximum tenor of up to 5 years. *This sub-limit is part of EBRD's broader RLG facility to Bank Lviv, covered by OpIDs 57425 and 57426 (under Resilience and Livelihoods Framework and Financial Intermediaries Framework, respectively), jointly referred to as the RLG Facility. Both OpIDs are to be regulated under a single Facility Commitment Notice with the PFI. The Facility will be used to support lending to Ukrainian private companies operating in the primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in Ukraine.European Bank for Reconstruction and DevelopmentBANK LVIV JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGLVIV49.83826 24.023241875000018750000BANK LVIV JSCPRIVATEPRIVATEPRIVATEResilience and Livelihoods Guarantee (RLG) sub-limit* under the Resilience and Livelihoods Framework in the form of an unfunded portfolio risk sharing instrument in the amount of EUR 18.75M covering up to 50 per cent of the credit risk in newly originated sub-loans with the total value of EUR 37.5M equivalent (the "Covered Portfolio"). The instrument has a maximum tenor of up to 5 years. *This sub-limit is part of EBRD's broader RLG facility to Bank Lviv, covered by OpIDs 57425 and 57426 (under Resilience and Livelihoods Framework and Financial Intermediaries Framework, respectively), jointly referred to as the RLG Facility. Both OpIDs are to be regulated under a single Facility Commitment Notice with the PFI. The Facility will be used to support lending to Ukrainian private companies operating in the primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57425XI-IATI-EBRD-56167European Bank for Reconstruction and DevelopmentAn unfunded risk-sharing instrument partially covering the credit risk in newly originated subloans of ProCredit Bank in Ukraine with the total value of EUR 70 million equivalent (the "Covered Portfolio"). The Project is provided under the EBRD's Resilience and Livelihoods Framework to finance broad working capital and investment needs of Ukrainian private businesses operating in agriculture (both primary and secondary) and other key sectors supporting the livelihoods of Ukrainian businesses. Eligible small and medium enterprises ("SMEs") will additionally receive grant support in form of investment incentives upon the completion of their eligible investment projects. Up to EUR 14 million of risk shared sub-loans will finance SMEs' long-term investments under the EU4Business-EBRD Credit Line with Incentives (within a dedicated sub-limit assigned with a separate EBRD project number 56314). This will enable financing of long-term capital investments of SMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of the sub-limit), thereby enhancing competitiveness of businesses. Eligible sub-borrowers will also receive technical assistance funded by the EU and grant support in the form of investment incentives upon the completion of their investment projects. The Project aims to support lending to Ukrainian private companies operating in primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in Ukraine.European Bank for Reconstruction and DevelopmentPROCREDIT BANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.52381400000014000000PROCREDIT BANK JSCPRIVATEPRIVATEPRIVATEAn unfunded risk-sharing instrument partially covering the credit risk in newly originated subloans of ProCredit Bank in Ukraine with the total value of EUR 70 million equivalent (the "Covered Portfolio"). The Project is provided under the EBRD's Resilience and Livelihoods Framework to finance broad working capital and investment needs of Ukrainian private businesses operating in agriculture (both primary and secondary) and other key sectors supporting the livelihoods of Ukrainian businesses. Eligible small and medium enterprises ("SMEs") will additionally receive grant support in form of investment incentives upon the completion of their eligible investment projects. Up to EUR 14 million of risk shared sub-loans will finance SMEs' long-term investments under the EU4Business-EBRD Credit Line with Incentives (within a dedicated sub-limit assigned with a separate EBRD project number 56314). This will enable financing of long-term capital investments of SMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of the sub-limit), thereby enhancing competitiveness of businesses. Eligible sub-borrowers will also receive technical assistance funded by the EU and grant support in the form of investment incentives upon the completion of their investment projects. The Project aims to support lending to Ukrainian private companies operating in primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56167XI-IATI-EBRD-56197European Bank for Reconstruction and DevelopmentA Resilience and Livelihoods Guarantee ("RLG") sub-limit* under the Resilience and Livelihoods Framework, in the form of an unfunded risk-sharing instrument covering up to 50 per cent of the credit risk in newly originated sub-loans with the total value of EUR 21 million equivalent to be originated by Ukrsibbank ("USB") in Ukraine. * This sub-limit is part of EBRD's broader RLG facility to USB, covered by OpIDs 56197, 56198 and 56199 (under the Resilience and Livelihoods Framework for the first two OpIDs and Financial Intermediaries Framework for the third OpID), jointly referred to as the RLG Project. All three OpIDs are to be regulated under a single risk participation agreement with the PFI. The facility will be used to support lending to Ukrainian companies in the primary and secondary agriculture sectors and other critical industries (such as pharma, food processing, retail, logistics), with a particular focus on MSMEs and the ultimate goal of preserving livelihoods in the country.European Bank for Reconstruction and DevelopmentUKRSIBBANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.52381050000010500000UKRSIBBANK JSCPRIVATEPRIVATEPRIVATEA Resilience and Livelihoods Guarantee ("RLG") sub-limit* under the Resilience and Livelihoods Framework, in the form of an unfunded risk-sharing instrument covering up to 50 per cent of the credit risk in newly originated sub-loans with the total value of EUR 21 million equivalent to be originated by Ukrsibbank ("USB") in Ukraine. * This sub-limit is part of EBRD's broader RLG facility to USB, covered by OpIDs 56197, 56198 and 56199 (under the Resilience and Livelihoods Framework for the first two OpIDs and Financial Intermediaries Framework for the third OpID), jointly referred to as the RLG Project. All three OpIDs are to be regulated under a single risk participation agreement with the PFI. The facility will be used to support lending to Ukrainian companies in the primary and secondary agriculture sectors and other critical industries (such as pharma, food processing, retail, logistics), with a particular focus on MSMEs and the ultimate goal of preserving livelihoods in the country. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56197XI-IATI-EBRD-56266European Bank for Reconstruction and DevelopmentGrCF3 W2-Chisinau Energy Efficiency of Kindergartens is EBRD's follow-on investment with the City of Chisinau under the approved Green City Action Plan ("GCAP") promoting the strategic objective of sustainable and efficient energy. The Project is presented under the Green Cities Framework 3-Window II ("GrCF3 W2"), addressing the priority environmental challenges of climate mitigation. The proceeds from the loan, along with grant funding, support the City in implementing a comprehensive energy efficiency programme targeting public buildings, specifically kindergartens. The Project involves energy efficiency upgrades and rehabilitation works in up to 30 kindergartens in Chisinau, with a total heated floor area of the buildings of 88,155 m2. The Bank's loan, together with the investment grant and the City's contribution, will finance energy efficiency upgrades and rehabilitation works in up to 18 kindergartens; while the EIB loan is expected to finance similar upgrades and works in up to 12 kindergartens. The energy efficiency measures include, among others, thermal insulation of buildings, upgrading and replacing of heating, ventilation, lighting and water supply systems, replacement of windows and doors, installation of photovoltaic ("PV") systems, solar thermal systems, and other structural and comfort improvements as needed. These interventions are expected to deliver average energy savings of approximately 55 per cent in the renovated buildings, resulting in a significant reduction of Greenhouse Gas ("GHG") emissions, extended building lifespan, and additional benefits such as lower maintenance costs and enhanced property value. The Project will help enhance buildings' energy performance, while introducing advanced management standards such as energy audits and energy performance certification. The planned measures will combine energy efficiency improvements with the integration of renewable energy sources, and delivering significant energy savings. Targeted investments are expected to enhance environmental quality, reduce pollution, improve resource efficiency, and foster comfort, health and well-being.European Bank for Reconstruction and DevelopmentCITY OF CHISINAUEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCHISINAU47.00556 28.85751150000011500000CITY OF CHISINAUSTATESTATESTATESTATEGrCF3 W2-Chisinau Energy Efficiency of Kindergartens is EBRD's follow-on investment with the City of Chisinau under the approved Green City Action Plan ("GCAP") promoting the strategic objective of sustainable and efficient energy. The Project is presented under the Green Cities Framework 3-Window II ("GrCF3 W2"), addressing the priority environmental challenges of climate mitigation. The proceeds from the loan, along with grant funding, support the City in implementing a comprehensive energy efficiency programme targeting public buildings, specifically kindergartens. The Project involves energy efficiency upgrades and rehabilitation works in up to 30 kindergartens in Chisinau, with a total heated floor area of the buildings of 88,155 m2. The Bank's loan, together with the investment grant and the City's contribution, will finance energy efficiency upgrades and rehabilitation works in up to 18 kindergartens; while the EIB loan is expected to finance similar upgrades and works in up to 12 kindergartens. The energy efficiency measures include, among others, thermal insulation of buildings, upgrading and replacing of heating, ventilation, lighting and water supply systems, replacement of windows and doors, installation of photovoltaic ("PV") systems, solar thermal systems, and other structural and comfort improvements as needed. These interventions are expected to deliver average energy savings of approximately 55 per cent in the renovated buildings, resulting in a significant reduction of Greenhouse Gas ("GHG") emissions, extended building lifespan, and additional benefits such as lower maintenance costs and enhanced property value. The Project will help enhance buildings' energy performance, while introducing advanced management standards such as energy audits and energy performance certification. The planned measures will combine energy efficiency improvements with the integration of renewable energy sources, and delivering significant energy savings. Targeted investments are expected to enhance environmental quality, reduce pollution, improve resource efficiency, and foster comfort, health and well-being. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56266XI-IATI-EBRD-54767European Bank for Reconstruction and DevelopmentVenture Debt investment in Photoneo, computer vision and robotics company in Slovak Republic. A venture debt investment into Photoneo s.r.o., a legal entity incorporated in the Slovak Republic, to fund Robot-as-a-Service ("RaaS") projects.European Bank for Reconstruction and DevelopmentPHOTONEO SROEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBRATISLAVA48.14816 17.106745000000PHOTONEO SROPRIVATEPRIVATEPRIVATEVenture Debt investment in Photoneo, computer vision and robotics company in Slovak Republic. A venture debt investment into Photoneo s.r.o., a legal entity incorporated in the Slovak Republic, to fund Robot-as-a-Service ("RaaS") projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54767XI-IATI-EBRD-53866European Bank for Reconstruction and DevelopmentThe Resilience and Livelihoods Guarantee (RLG) in the form of an unfunded risk-sharing instrument covering up to 50 per cent of the credit risk in newly originated sub-loans with the total value of €35 million equivalent to be originated by Kredobank Ukraine (KB) subject to total 50 per cent of portfolio cap. The facility will be used to support lending to Ukrainian private companies operating in the primary and secondary agriculture and other critical industries (such as pharma, food processing, retail, logistics), with the ultimate goal of preserving livelihoods in the country.European Bank for Reconstruction and DevelopmentKREDOBANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGLVIV49.83826 24.023248750000KREDOBANK JSCPRIVATEPRIVATEPRIVATEThe Resilience and Livelihoods Guarantee (RLG) in the form of an unfunded risk-sharing instrument covering up to 50 per cent of the credit risk in newly originated sub-loans with the total value of €35 million equivalent to be originated by Kredobank Ukraine (KB) subject to total 50 per cent of portfolio cap. The facility will be used to support lending to Ukrainian private companies operating in the primary and secondary agriculture and other critical industries (such as pharma, food processing, retail, logistics), with the ultimate goal of preserving livelihoods in the country. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53866XI-IATI-EBRD-53663European Bank for Reconstruction and DevelopmentFood Security Guarantee ("FSG", the "Facility") in the form of an unfunded risk-sharing instrument covering 60 per cent of the credit risk in newly originated sub-loans with the total value of EUR 8.75 million equivalent to be originated by JSC OTP Bank in Ukraine. The Facility will support food security in Ukraine by enhancing OTPU's lending capacity and providing much needed access to finance for Ukrainian private companies operating in critical agri-related industries (farming, food and agri produce processing, transportation and imports), with the ultimate goal of preserving livelihoods in the country.European Bank for Reconstruction and DevelopmentOTP BANK PJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.52385250000OTP BANK PJSCPRIVATEPRIVATEPRIVATEFood Security Guarantee ("FSG", the "Facility") in the form of an unfunded risk-sharing instrument covering 60 per cent of the credit risk in newly originated sub-loans with the total value of EUR 8.75 million equivalent to be originated by JSC OTP Bank in Ukraine. The Facility will support food security in Ukraine by enhancing OTPU's lending capacity and providing much needed access to finance for Ukrainian private companies operating in critical agri-related industries (farming, food and agri produce processing, transportation and imports), with the ultimate goal of preserving livelihoods in the country. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53663XI-IATI-EBRD-54412European Bank for Reconstruction and DevelopmentEUR 2.5 million senior secured term loan to establish KMU's Polish campus in Katowice area. The Project supports KMU in providing its international students from 62 countries in access to quality and affordable education. The Loan will a) refinance the earlier acquisition of two properties in Katowice and Chorzow, and b) partially finance their refurbishment and procurement of new furniture and educational equipment, to support the Borrower's relocation of some of its existing international students from Ukraine and hiring of new international students to the newly established Polish campus. This is the second transaction with the Borrower. In 2018 EBRD provided KMU with debt financing of EUR 1.3 million for the acquisition of a campus building in Ukraine. The loan was successfully repaid in 2023.European Bank for Reconstruction and DevelopmentKYIV MEDICAL UNIVERSITYEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.52382500000KYIV MEDICAL UNIVERSITYPRIVATEPRIVATEPRIVATEEUR 2.5 million senior secured term loan to establish KMU's Polish campus in Katowice area. The Project supports KMU in providing its international students from 62 countries in access to quality and affordable education. The Loan will a) refinance the earlier acquisition of two properties in Katowice and Chorzow, and b) partially finance their refurbishment and procurement of new furniture and educational equipment, to support the Borrower's relocation of some of its existing international students from Ukraine and hiring of new international students to the newly established Polish campus. This is the second transaction with the Borrower. In 2018 EBRD provided KMU with debt financing of EUR 1.3 million for the acquisition of a campus building in Ukraine. The loan was successfully repaid in 2023. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54412XI-IATI-EBRD-48242European Bank for Reconstruction and DevelopmentAn equity investment of EUR 40 million in Accession Mezzanine Capital IV (the "Fund"). The Fund has a target size of EUR 250 million and is a follow-on fund to Accession Mezzanine Capital I, II & III. EBRD has been an investor in all three previous funds. The Fund will seek to generate long-term capital appreciation by investing mezzanine and equity capital in SMEs and mid-market companies, primarily in Central and Eastern Europe. The Fund may also make selective investments in Turkey and Greece.European Bank for Reconstruction and DevelopmentAMC CAPITAL IV SCSPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.35644SOFIA42.69751 23.32415TALLINN59.43696 24.75353ATHENS37.98376 23.72784BUDAPEST47.49835 19.04045VILNIUS54.68916 25.2798RIGA56.946 24.10589WARSAW52.22977 21.01178BUCHAREST44.43225 26.10626LJUBLJANA46.05108 14.50513ANKARA39.91987 32.854277180492.6540000000AMC CAPITAL IV SCSPPRIVATEPRIVATEPRIVATEAn equity investment of EUR 40 million in Accession Mezzanine Capital IV (the "Fund"). The Fund has a target size of EUR 250 million and is a follow-on fund to Accession Mezzanine Capital I, II & III. EBRD has been an investor in all three previous funds. The Fund will seek to generate long-term capital appreciation by investing mezzanine and equity capital in SMEs and mid-market companies, primarily in Central and Eastern Europe. The Fund may also make selective investments in Turkey and Greece. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48242XI-IATI-EBRD-52394European Bank for Reconstruction and DevelopmentA junior subordinated mandatory convertible debt investment of up to €10 million to HD Insurance Limited ("Hellas Direct" or the "Company"), a general insurer incorporated in Cyprus and operating in Greece and Cyprus. This transaction supports a fast growing, tech-driven insurance company operating in Greece, where the insurance penetration ratio is one of the lowest in Europe, to scale up the Company's operations and allow it to continue offering innovative insurance products and digitalising the insurance value chain. The Bank's investment will provide the Company with adequate solvency headroom to reach the necessary scale in line with its business plan. Therefore, the funds will be used as regulatory capital, as well as for working capital and general corporate purposes.European Bank for Reconstruction and DevelopmentHD INSURANCE PLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGNICOSIA35.17531 33.3642ATHENS37.98376 23.7278410000000HD INSURANCE PLCPRIVATEPRIVATEPRIVATEA junior subordinated mandatory convertible debt investment of up to €10 million to HD Insurance Limited ("Hellas Direct" or the "Company"), a general insurer incorporated in Cyprus and operating in Greece and Cyprus. This transaction supports a fast growing, tech-driven insurance company operating in Greece, where the insurance penetration ratio is one of the lowest in Europe, to scale up the Company's operations and allow it to continue offering innovative insurance products and digitalising the insurance value chain. The Bank's investment will provide the Company with adequate solvency headroom to reach the necessary scale in line with its business plan. Therefore, the funds will be used as regulatory capital, as well as for working capital and general corporate purposes. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52394XI-IATI-EBRD-50831European Bank for Reconstruction and DevelopmentProvision of a sovereign loan of up to EUR 450 million to Ukraine to be on-lent to the State Agency for Restoration and Development of Infrastructure of Ukraine, formerly known as the State Road Agency of Ukraine or Ukravtodor (the "Agency" or the "Client"), consisting of three tranches (the "Project"): * Tranche 1 of up to EUR 183 million to finance the capital repair of M-09 Ternopil - Lviv - Rava-Ruska road section between Lviv and Rava-Ruska; * Tranche 2 of up to EUR 160 million and Tranche 3 of up to EUR 107 million to finance the restoration of operational condition and safety improvements on the sections of M-06 Kyiv-Chop road in Kyiv, Zhytomyr and Rivne regions. Tranche 1 will support the capital repair of the M-09 Ternopil - Lviv - Rava-Ruska road section between Lviv and Rava-Ruska on the Polish-Ukrainian border. Tranches 2 and 3 will support the restoration of operational condition and safety improvements on the sections of M-06 Kyiv-Chop road in Kyiv, Zhytomyr and Rivne regions. The ongoing war on Ukraine has prompted a re-assessment of priorities following the redirection of traffic to the land routes connecting Ukraine to the EU. The Project will enable critical road infrastructure repairs on the road links that are part of the TEN-T corridor network and will address the immediate priorities of developing alternative transport routes to facilitate export and import logistics in line with the EU-Ukraine Solidarity Lanes initiative and in response to the war on Ukraine. The Project will also support legal and regulatory reform objectives aimed at developing a competitive and transparent road construction and maintenance sector.European Bank for Reconstruction and DevelopmentUKRAINE SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.5238404986949.29450000000UKRAINE SOVEREIGN1000000UKRAINE SOVEREIGN1900000UKRAINE SOVEREIGN1600000UKRAINE SOVEREIGN11683573.53UKRAINE SOVEREIGN85397.93UKRAINE SOVEREIGN72916.16UKRAINE SOVEREIGN896293.35UKRAINE SOVEREIGN1629308UKRAINE SOVEREIGN2143835.76UKRAINE SOVEREIGN161672.83UKRAINE SOVEREIGN2178431.48UKRAINE SOVEREIGN335753.1UKRAINE SOVEREIGN1134021.47UKRAINE SOVEREIGN2466169.61UKRAINE SOVEREIGN2780275.18UKRAINE SOVEREIGN2894033.44UKRAINE SOVEREIGN183900UKRAINE SOVEREIGN6143657.64UKRAINE SOVEREIGN1436826.5UKRAINE SOVEREIGN387424.54UKRAINE SOVEREIGN557018.21UKRAINE SOVEREIGN435656.29UKRAINE SOVEREIGN864125.08UKRAINE SOVEREIGN223636.85UKRAINE SOVEREIGN1819123.76UKRAINE SOVEREIGNSTATESTATESTATESTATEProvision of a sovereign loan of up to EUR 450 million to Ukraine to be on-lent to the State Agency for Restoration and Development of Infrastructure of Ukraine, formerly known as the State Road Agency of Ukraine or Ukravtodor (the "Agency" or the "Client"), consisting of three tranches (the "Project"): * Tranche 1 of up to EUR 183 million to finance the capital repair of M-09 Ternopil - Lviv - Rava-Ruska road section between Lviv and Rava-Ruska; * Tranche 2 of up to EUR 160 million and Tranche 3 of up to EUR 107 million to finance the restoration of operational condition and safety improvements on the sections of M-06 Kyiv-Chop road in Kyiv, Zhytomyr and Rivne regions. Tranche 1 will support the capital repair of the M-09 Ternopil - Lviv - Rava-Ruska road section between Lviv and Rava-Ruska on the Polish-Ukrainian border. Tranches 2 and 3 will support the restoration of operational condition and safety improvements on the sections of M-06 Kyiv-Chop road in Kyiv, Zhytomyr and Rivne regions. The ongoing war on Ukraine has prompted a re-assessment of priorities following the redirection of traffic to the land routes connecting Ukraine to the EU. The Project will enable critical road infrastructure repairs on the road links that are part of the TEN-T corridor network and will address the immediate priorities of developing alternative transport routes to facilitate export and import logistics in line with the EU-Ukraine Solidarity Lanes initiative and in response to the war on Ukraine. The Project will also support legal and regulatory reform objectives aimed at developing a competitive and transparent road construction and maintenance sector. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50831XI-IATI-EBRD-54121European Bank for Reconstruction and DevelopmentThe EBRD invested EUR 10 million in a EUR 450 million Senior Preferred ("SP") bond issued by Alpha Bank S.A. ("Alpha"), a commercial bank incorporated in Greece, in December 2022. The SP bonds have a maturity of 4.5 years, with an embedded issuer call option after 3.5 years, and are listed on the Luxembourg Stock Exchange. This follows previous investment the EBRD made in 2022 in Alpha Bank's earlier issuance of MREL-eligible SP bonds in October 2022. The Project boosts the resilience of a systemic bank in Greece in the context of MREL requirements phasing in at EU level and supports the bank in re-establishing its regular access to capital markets with unsecured instruments. Furthermore, the EBRD promotes resource efficiency in the country by requiring Alpha Bank to allocate funds in the amount of 1.5 times of EBRD's subscription to finance green investments in renewable energy and energy efficiency.European Bank for Reconstruction and DevelopmentALPHA BANK SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATHENS37.98376 23.7278410000000ALPHA BANK SAPRIVATEPRIVATEPRIVATEThe EBRD invested EUR 10 million in a EUR 450 million Senior Preferred ("SP") bond issued by Alpha Bank S.A. ("Alpha"), a commercial bank incorporated in Greece, in December 2022. The SP bonds have a maturity of 4.5 years, with an embedded issuer call option after 3.5 years, and are listed on the Luxembourg Stock Exchange. This follows previous investment the EBRD made in 2022 in Alpha Bank's earlier issuance of MREL-eligible SP bonds in October 2022. The Project boosts the resilience of a systemic bank in Greece in the context of MREL requirements phasing in at EU level and supports the bank in re-establishing its regular access to capital markets with unsecured instruments. Furthermore, the EBRD promotes resource efficiency in the country by requiring Alpha Bank to allocate funds in the amount of 1.5 times of EBRD's subscription to finance green investments in renewable energy and energy efficiency. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54121XI-IATI-EBRD-56877European Bank for Reconstruction and DevelopmentProvision of a five-year senior unsecured loan of up to EUR 5 million equivalent to ProCredit Bank SA under the SME Competitiveness and Inclusion Programme in the Eastern Partnership for on-lending to eligible micro, small and medium enterprises (MSMEs). The loan will be available for disbursement in Moldovan Lei or in EUR. In addition to long-term financing, eligible sub-borrowers will receive technical assistance funded by the European Union and grant support in the form of investment incentives upon the completion of their investment projects. The proposed project will enable ProCredit Bank to extend loans for investment purposes to local MSMEs, financing upgrades of technology and equipment necessary to meet EU standards in terms of product quality, health and safety measures and environmental preservation and thus will help businesses to become greener and more competitive.European Bank for Reconstruction and DevelopmentBC PROCREDIT BANK SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCHISINAU47.00556 28.857525000005000000BC PROCREDIT BANK SAPRIVATEPRIVATEPRIVATEProvision of a five-year senior unsecured loan of up to EUR 5 million equivalent to ProCredit Bank SA under the SME Competitiveness and Inclusion Programme in the Eastern Partnership for on-lending to eligible micro, small and medium enterprises (MSMEs). The loan will be available for disbursement in Moldovan Lei or in EUR. In addition to long-term financing, eligible sub-borrowers will receive technical assistance funded by the European Union and grant support in the form of investment incentives upon the completion of their investment projects. The proposed project will enable ProCredit Bank to extend loans for investment purposes to local MSMEs, financing upgrades of technology and equipment necessary to meet EU standards in terms of product quality, health and safety measures and environmental preservation and thus will help businesses to become greener and more competitive. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56877XI-IATI-EBRD-56179European Bank for Reconstruction and DevelopmentThe operation involves the provision of a non-recourse long-term senior project financing in favour of Egur Solar Kft., Holmu Solar Kft., Pata Solar Kft., Urus Solar Kft. and Zenu Solar Kft. (the "Borrowers"), limited liability companies incorporated in Hungary for the development, construction and operation of solar photovoltaic and co-located battery energy storage systems ("BESS"). The Borrowers are fully owned by Renalfa IPP GmbH (the "Sponsor"), a Vienna-based renewables developer. The operation will enable the Borrowers to develop, construct and operate a portfolio of 450 MW solar PV and 250 MW / 1,000 MWh co-located BESS in northeastern Hungary (the "Project").European Bank for Reconstruction and DevelopmentURUS SOLAR KFTEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUDAPEST47.49835 19.040457000000070000000URUS SOLAR KFTPRIVATEPRIVATEPRIVATEThe operation involves the provision of a non-recourse long-term senior project financing in favour of Egur Solar Kft., Holmu Solar Kft., Pata Solar Kft., Urus Solar Kft. and Zenu Solar Kft. (the "Borrowers"), limited liability companies incorporated in Hungary for the development, construction and operation of solar photovoltaic and co-located battery energy storage systems ("BESS"). The Borrowers are fully owned by Renalfa IPP GmbH (the "Sponsor"), a Vienna-based renewables developer. The operation will enable the Borrowers to develop, construct and operate a portfolio of 450 MW solar PV and 250 MW / 1,000 MWh co-located BESS in northeastern Hungary (the "Project"). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56179XI-IATI-EBRD-52661European Bank for Reconstruction and DevelopmentA senior unsecured AZN loan to be provided under the Financial Intermediaries Framework ("FIF") in the amount of up to USD 4 mln equivalent (EUR 3.4mln) in favour of Bank Respublika. The project is implemented under Financial Institutions Framework (FIF) with proceeds to be used for on-lending to private micro-, small and medium sized enterprises (MSMEs) in Azerbaijan in accordance with the FIF Policy Statement. The transaction will support the leading private bank in Azerbaijan through (i) diversification of its funding structure with medium-term LCY resources; and (ii) support of its MSME portfolio growth.European Bank for Reconstruction and DevelopmentBANK RESPUBLIKA OJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBAKU40.37767 49.892013501707.08BANK RESPUBLIKA OJSCPRIVATEPRIVATEPRIVATEA senior unsecured AZN loan to be provided under the Financial Intermediaries Framework ("FIF") in the amount of up to USD 4 mln equivalent (EUR 3.4mln) in favour of Bank Respublika. The project is implemented under Financial Institutions Framework (FIF) with proceeds to be used for on-lending to private micro-, small and medium sized enterprises (MSMEs) in Azerbaijan in accordance with the FIF Policy Statement. The transaction will support the leading private bank in Azerbaijan through (i) diversification of its funding structure with medium-term LCY resources; and (ii) support of its MSME portfolio growth. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52661XI-IATI-EBRD-49483European Bank for Reconstruction and DevelopmentProvision of a sovereign loan of up to EUR 84 million to Minsk Vodokanal (UE "Minskvodokanal" or "Company"), a municipal enterprise wholly owned by the City of Minsk (the "City"), to finance rehabilitation and reconstruction of the Minsk wastewater facilities. The proposed EBRD loan will be co-financed in equal amount by the European Investment Bank (EIB). The EBRD loan will be used to co-finance: (i) reconstruction of the Minsk wastewater treatment plant to eliminate odour, optimise use of the existing facilities and enhance wastewater treatment efficiency of the plant in line with national and EU requirements; and (ii) construction of sludge treatment facilities (including digestion, dewatering, drying and incineration) in line with EU best available techniques on the premises of the wastewater facilities. The Project aims to rehabilitate the existing wastewater treatment plant to enhance wastewater treatment efficiency and its performance, and construct a cost efficient, modern sludge management and disposal facility, including energy and heat recovery technology from sludge biogas utilisation in the City. Implementation of the Project aims to provide environmental benefits and improve social conditions in the project area of influence. In particular, the following positive effects are envisaged: * More reliable waste water disposal services and more efficient waste water treatment; * Improved quality of life across the Project area; * Significant reduction of impacts on local communities and environment, including air, soil and ground water, River Svisloch and its ecosystems (and subsequently the Dnieper River and the Black Sea basin) as well as minimization of odour emissions; * Reduction of risks to community health and safety related to the wastewater plant operations, enhanced safety of the Company's operational sites; * More efficient use of natural resources due to a reduction of water losses and enhanced energy saving performance of the processes, utilization of energy content of the wastes; * Improved working conditions and enhanced OHS performance at the Company's facilities; * Employment generation at contractor companies for the period of construction; * Procurement opportunities generated for national and local businesses during project implementation; * Reduction of greenhouse gas emissions in the long run. The Project will facilitate the advancement of tariff reform and improvement of the Company's corporate governance and capacity. The Project also aims to introduce better contractual arrangements between the Company and the City.European Bank for Reconstruction and DevelopmentBELARUS SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGMINSK53.9 27.5666784000000BELARUS SOVEREIGN840000BELARUS SOVEREIGNSTATESTATESTATESTATEProvision of a sovereign loan of up to EUR 84 million to Minsk Vodokanal (UE "Minskvodokanal" or "Company"), a municipal enterprise wholly owned by the City of Minsk (the "City"), to finance rehabilitation and reconstruction of the Minsk wastewater facilities. The proposed EBRD loan will be co-financed in equal amount by the European Investment Bank (EIB). The EBRD loan will be used to co-finance: (i) reconstruction of the Minsk wastewater treatment plant to eliminate odour, optimise use of the existing facilities and enhance wastewater treatment efficiency of the plant in line with national and EU requirements; and (ii) construction of sludge treatment facilities (including digestion, dewatering, drying and incineration) in line with EU best available techniques on the premises of the wastewater facilities. The Project aims to rehabilitate the existing wastewater treatment plant to enhance wastewater treatment efficiency and its performance, and construct a cost efficient, modern sludge management and disposal facility, including energy and heat recovery technology from sludge biogas utilisation in the City. Implementation of the Project aims to provide environmental benefits and improve social conditions in the project area of influence. In particular, the following positive effects are envisaged: * More reliable waste water disposal services and more efficient waste water treatment; * Improved quality of life across the Project area; * Significant reduction of impacts on local communities and environment, including air, soil and ground water, River Svisloch and its ecosystems (and subsequently the Dnieper River and the Black Sea basin) as well as minimization of odour emissions; * Reduction of risks to community health and safety related to the wastewater plant operations, enhanced safety of the Company's operational sites; * More efficient use of natural resources due to a reduction of water losses and enhanced energy saving performance of the processes, utilization of energy content of the wastes; * Improved working conditions and enhanced OHS performance at the Company's facilities; * Employment generation at contractor companies for the period of construction; * Procurement opportunities generated for national and local businesses during project implementation; * Reduction of greenhouse gas emissions in the long run. The Project will facilitate the advancement of tariff reform and improvement of the Company's corporate governance and capacity. The Project also aims to introduce better contractual arrangements between the Company and the City. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49483XI-IATI-EBRD-53908European Bank for Reconstruction and DevelopmentProvision of a five-year senior unsecured loan of up to EUR 10 million to ProCredit Bank SA (PCBM) under the SME Competitiveness Programme in the Eastern Partnership for on-lending to eligible micro, small and medium enterprises (MSMEs). In addition to long-term financing, eligible sub-borrowers will receive technical assistance funded by the European Union and grant support in the form of investment incentives upon the completion of their investment projects. The SME Competitiveness Programme in the Eastern Partnership is a follow-on facility of the existing FI DCFTA Blended Finance Programme (DCFTA), designed for Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine to support upgrades in micro, small and medium-sized enterprises (MSME) to European Union (EU) standards. The proposed project will enable ProCredit Bank to extend loans for investment purposes to local MSMEs, financing upgrades of technology and equipment necessary to meet EU standards in terms of product quality, health and safety measures and environmental preservation and thus will help businesses to become greener and more competitive.European Bank for Reconstruction and DevelopmentBC PROCREDIT BANK SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCHISINAU47.00556 28.857510000000BC PROCREDIT BANK SAPRIVATEPRIVATEPRIVATEProvision of a five-year senior unsecured loan of up to EUR 10 million to ProCredit Bank SA (PCBM) under the SME Competitiveness Programme in the Eastern Partnership for on-lending to eligible micro, small and medium enterprises (MSMEs). In addition to long-term financing, eligible sub-borrowers will receive technical assistance funded by the European Union and grant support in the form of investment incentives upon the completion of their investment projects. The SME Competitiveness Programme in the Eastern Partnership is a follow-on facility of the existing FI DCFTA Blended Finance Programme (DCFTA), designed for Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine to support upgrades in micro, small and medium-sized enterprises (MSME) to European Union (EU) standards. The proposed project will enable ProCredit Bank to extend loans for investment purposes to local MSMEs, financing upgrades of technology and equipment necessary to meet EU standards in terms of product quality, health and safety measures and environmental preservation and thus will help businesses to become greener and more competitive. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53908XI-IATI-EBRD-53103European Bank for Reconstruction and DevelopmentEBRD had provided a loan of up to €25 million to SIJ Acroni d.o.o. and SIJ Metal Ravne d.o.o., the fully owned subsidiaries of Slovenska Industrija Jekla d.d. ("Slovenian Steel Group","SIJ" or the "Company"). The Bank's financing was part of an upto €230 million, long term debt facility (the "Facility"). The Project contributed to the Company's energy efficiency, investment programme.European Bank for Reconstruction and DevelopmentSIJ ACRONI DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGJESENICE46.43056 14.0669425000000SIJ ACRONI DOOPRIVATEPRIVATEPRIVATEEBRD had provided a loan of up to €25 million to SIJ Acroni d.o.o. and SIJ Metal Ravne d.o.o., the fully owned subsidiaries of Slovenska Industrija Jekla d.d. ("Slovenian Steel Group","SIJ" or the "Company"). The Bank's financing was part of an upto €230 million, long term debt facility (the "Facility"). The Project contributed to the Company's energy efficiency, investment programme. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53103XI-IATI-EBRD-56346European Bank for Reconstruction and DevelopmentAn unfunded risk-sharing instrument covering the credit risk in newly originated sub-loans with the total value of EUR 298 million equivalent (the "Covered Portfolio") to be originated by Ukrgasbank in Ukraine. The Project will include three sub-limits with the Covered Portfolio of: (i) EUR 158 million under the Resilience and Livelihoods Guarantee product, (ii) EUR 80 million under EBRD's Energy Security Support Facility (assigned with a separate EBRD project number 56347) and (iii) EUR 60 million under the EU4Business-EBRD Credit Line with Incentives (assigned with a separate EBRD project number 56348). Under the Resilience and Livelihoods Guarantee product, sub-loans will finance broader working capital and investment needs of Ukrainian private businesses across key economic sectors, helping sustain their operations and livelihoods. Under the Energy Security Support Facility, sub-loans will finance energy generation, energy storage and energy efficiency sub-projects to Ukrainian businesses and households. All sub-borrowers will receive technical assistance to facilitate their investments' structuring and implementation. Eligible residential sub-borrowers will additionally receive grant support in form of investment incentives upon the completion of their eligible investment projects. At least 70% of the subiloans under this product will be invested in green technologies. Under the EU4Business-EBRD Credit Line with Incentives, the EBRD and the EU support investment projects of local small and medium enterprises ("SMEs"). The EBRD enables financing of long-term capital investments of SMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of the enabled financing), thereby enhancing businesses' competitiveness. Eligible sub-borrowers will also receive technical assistance funded by the EU and grant support in the form of investment incentives upon the completion of their investment projects. The facility will be used to support lending to Ukrainian sub-borrowers in the critical areas essential for the country's energy security, with priority given to MSME, corporate borrowers, and households investing in projects that enhance energy security and energy efficiency in Ukraine.European Bank for Reconstruction and DevelopmentUKRGASBANK JSBEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.52383950000039500000UKRGASBANK JSBPRIVATEPRIVATEPRIVATEAn unfunded risk-sharing instrument covering the credit risk in newly originated sub-loans with the total value of EUR 298 million equivalent (the "Covered Portfolio") to be originated by Ukrgasbank in Ukraine. The Project will include three sub-limits with the Covered Portfolio of: (i) EUR 158 million under the Resilience and Livelihoods Guarantee product, (ii) EUR 80 million under EBRD's Energy Security Support Facility (assigned with a separate EBRD project number 56347) and (iii) EUR 60 million under the EU4Business-EBRD Credit Line with Incentives (assigned with a separate EBRD project number 56348). Under the Resilience and Livelihoods Guarantee product, sub-loans will finance broader working capital and investment needs of Ukrainian private businesses across key economic sectors, helping sustain their operations and livelihoods. Under the Energy Security Support Facility, sub-loans will finance energy generation, energy storage and energy efficiency sub-projects to Ukrainian businesses and households. All sub-borrowers will receive technical assistance to facilitate their investments' structuring and implementation. Eligible residential sub-borrowers will additionally receive grant support in form of investment incentives upon the completion of their eligible investment projects. At least 70% of the subiloans under this product will be invested in green technologies. Under the EU4Business-EBRD Credit Line with Incentives, the EBRD and the EU support investment projects of local small and medium enterprises ("SMEs"). The EBRD enables financing of long-term capital investments of SMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of the enabled financing), thereby enhancing businesses' competitiveness. Eligible sub-borrowers will also receive technical assistance funded by the EU and grant support in the form of investment incentives upon the completion of their investment projects. The facility will be used to support lending to Ukrainian sub-borrowers in the critical areas essential for the country's energy security, with priority given to MSME, corporate borrowers, and households investing in projects that enhance energy security and energy efficiency in Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56346XI-IATI-EBRD-56189European Bank for Reconstruction and DevelopmentAn equity commitment of up to EUR 30 million in SMERemediumCap II RAIF SCA (the "Fund"). The general partner of the Fund will be SMERemediumCap II GP S.a r.l. (the "General Partner"), incorporated in Luxembourg. The Fund will invest in Greek mid-sized companies through equity, mezzanine, or convertible instruments, with a preference for acquiring control positions. It will follow a generalist strategy, preferably targeting businesses in growth-oriented or export-driven sectors, with potential for market share expansion or industry consolidation.European Bank for Reconstruction and DevelopmentSMEREMEDIUMCAP II RAIF SCAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATHENS37.98376 23.7278428183941.3630000000SMEREMEDIUMCAP II RAIF SCAPRIVATEPRIVATEPRIVATEAn equity commitment of up to EUR 30 million in SMERemediumCap II RAIF SCA (the "Fund"). The general partner of the Fund will be SMERemediumCap II GP S.a r.l. (the "General Partner"), incorporated in Luxembourg. The Fund will invest in Greek mid-sized companies through equity, mezzanine, or convertible instruments, with a preference for acquiring control positions. It will follow a generalist strategy, preferably targeting businesses in growth-oriented or export-driven sectors, with potential for market share expansion or industry consolidation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56189XI-IATI-EBRD-50648European Bank for Reconstruction and DevelopmentA senior loan of up to EUR 5 million with a maturity of 4 years, of which 75% (EUR 3.75 million) will be provided by the EBRD and up to 25% (EUR 1.25 million) provided by Green Climate Fund (GCF). The proposed operation complies with the GCF GEFF Regional Framework criteria. Proceeds of the loan will be on-lent in line with the Policy Statement for the facility to private sector sub-borrowers (individuals, small and medium-sized enterprises (SMEs) and corporates) for investments in climate change mitigation and adaptation technologies and services in a gender-responsive way. The lender will benefit from Technical Cooperation (TC) in form of trainings, capacity building and support for project implementation from the dedicated programme consultants.European Bank for Reconstruction and DevelopmentBC MAIB SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCHISINAU47.00556 28.85753750000BC MAIB SAPRIVATEPRIVATEPRIVATEA senior loan of up to EUR 5 million with a maturity of 4 years, of which 75% (EUR 3.75 million) will be provided by the EBRD and up to 25% (EUR 1.25 million) provided by Green Climate Fund (GCF). The proposed operation complies with the GCF GEFF Regional Framework criteria. Proceeds of the loan will be on-lent in line with the Policy Statement for the facility to private sector sub-borrowers (individuals, small and medium-sized enterprises (SMEs) and corporates) for investments in climate change mitigation and adaptation technologies and services in a gender-responsive way. The lender will benefit from Technical Cooperation (TC) in form of trainings, capacity building and support for project implementation from the dedicated programme consultants. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50648XI-IATI-EBRD-52707European Bank for Reconstruction and DevelopmentSustainability linked bond ("SLB") investment of EUR 75.5 million in Public Power Corporation S.A. (the "Company" or "PPC"), the Greek state-owned energy utility. The Bank invested EUR 50 million in the first issuance in March 2021, accounting for 8% of the total issuance of EUR 650 million. The Second issuance took place in July 2021 whereby the Bank invested EUR 25.5 million, accounting for 5% of the total issuance of EUR 500 million. Both SLBs will be listed in the Irish Stock Exchange. The SLBs will comply with the International Capital Markets Association's Sustainability-Linked Bond Principles and this compliance is confirmed by an independent second-party opinion. The Project is envisaged to entrench and accelerate PPC's ambitious decarbonisation pathway transforming it from a heavily coal dependent to a green and sustainable utility. It is also the first SLB in the Bank's countries of operation and one of the first by any European issuer in the high yield space, which is to have a broader demonstration effect in the region. The proceeds of the bonds will be used primarily to refinancing of existing indebtedness of the Company.European Bank for Reconstruction and DevelopmentPUBLIC POWER CORPORATION SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATHENS37.98376 23.72784125000000PUBLIC POWER CORPORATION SAPRIVATEPRIVATEPRIVATESustainability linked bond ("SLB") investment of EUR 75.5 million in Public Power Corporation S.A. (the "Company" or "PPC"), the Greek state-owned energy utility. The Bank invested EUR 50 million in the first issuance in March 2021, accounting for 8% of the total issuance of EUR 650 million. The Second issuance took place in July 2021 whereby the Bank invested EUR 25.5 million, accounting for 5% of the total issuance of EUR 500 million. Both SLBs will be listed in the Irish Stock Exchange. The SLBs will comply with the International Capital Markets Association's Sustainability-Linked Bond Principles and this compliance is confirmed by an independent second-party opinion. The Project is envisaged to entrench and accelerate PPC's ambitious decarbonisation pathway transforming it from a heavily coal dependent to a green and sustainable utility. It is also the first SLB in the Bank's countries of operation and one of the first by any European issuer in the high yield space, which is to have a broader demonstration effect in the region. The proceeds of the bonds will be used primarily to refinancing of existing indebtedness of the Company. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52707XI-IATI-EBRD-49204European Bank for Reconstruction and DevelopmentProvision of up to EUR 52 million debt funding to JSC Ukrgasvydobuvannya ("UGV", the "Company"), a 100% upstream subsidiary of Public Joint Stock Company "National Joint Stock Company Naftogaz of Ukraine" ("Naftogaz", the "Parent") to finance the procurement of workover rigs and a package of energy efficiency investments. The Project will support the Company to sustain natural gas production from the UGV's existing fields via increased wells availability by financing a replacement of inefficient workover rigs procurement. The Project will also support energy efficiency investments, which will introduce innovative ORC-based waste heat recovery systems from existing gas turbines.European Bank for Reconstruction and DevelopmentUKRGASVYDOBUVANNYA PJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.523826886724.551850000UKRGASVYDOBUVANNYA PJSC1UKRGASVYDOBUVANNYA PJSC9UKRGASVYDOBUVANNYA PJSC9513265.5UKRGASVYDOBUVANNYA PJSCSTATESTATESTATESTATEProvision of up to EUR 52 million debt funding to JSC Ukrgasvydobuvannya ("UGV", the "Company"), a 100% upstream subsidiary of Public Joint Stock Company "National Joint Stock Company Naftogaz of Ukraine" ("Naftogaz", the "Parent") to finance the procurement of workover rigs and a package of energy efficiency investments. The Project will support the Company to sustain natural gas production from the UGV's existing fields via increased wells availability by financing a replacement of inefficient workover rigs procurement. The Project will also support energy efficiency investments, which will introduce innovative ORC-based waste heat recovery systems from existing gas turbines. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49204XI-IATI-EBRD-53850European Bank for Reconstruction and DevelopmentThe European Bank for Reconstruction and Development ("EBRD") invested EUR 20 million in a 7-year EUR 230 million green bond (the "Green Bond") issued by Lamda Development SA ("Lamda" or the "Company"). The Green Bond is listed on the Athens Stock Exchange and the Company's Green Bond Framework is aligned with the International Capital Market Association's ("ICMA") Green Bond Principles ("GBP"). The transaction marks the first green bond issued by the Company. The proceeds of the Green Bond will be allocated exclusively to green investments, as defined in the Company's Green Bond Framework, in the following categories: (i) investments in sustainable buildings and sustainable urban landscapes, (ii) investments in green energy and (iii) investments in smart technologies. An amount equivalent to the EBRD investment will be used to finance the development of new green certified assets of at least LEED "Gold" or BREEAM "Very Good" level.European Bank for Reconstruction and DevelopmentLAMDA DEVELOPMENT SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATHENS37.98376 23.7278423000000LAMDA DEVELOPMENT SAPRIVATEPRIVATEPRIVATEThe European Bank for Reconstruction and Development ("EBRD") invested EUR 20 million in a 7-year EUR 230 million green bond (the "Green Bond") issued by Lamda Development SA ("Lamda" or the "Company"). The Green Bond is listed on the Athens Stock Exchange and the Company's Green Bond Framework is aligned with the International Capital Market Association's ("ICMA") Green Bond Principles ("GBP"). The transaction marks the first green bond issued by the Company. The proceeds of the Green Bond will be allocated exclusively to green investments, as defined in the Company's Green Bond Framework, in the following categories: (i) investments in sustainable buildings and sustainable urban landscapes, (ii) investments in green energy and (iii) investments in smart technologies. An amount equivalent to the EBRD investment will be used to finance the development of new green certified assets of at least LEED "Gold" or BREEAM "Very Good" level. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53850XI-IATI-EBRD-47228European Bank for Reconstruction and DevelopmentThe EBRD is providing an equity commitment of up to EUR 40 million to Resource Eastern European Equity Partners II LP (the "Fund"). The Fund will be the successor fund to Resource Eastern European Equity Partners I LP, to which the Bank committed to in 2009. The Fund will seek to generate long-term capital appreciation through equity and equity-related investments in lower mid-market companies operating in Poland and other central and south-east European countries with a particular focus on those operating in the consumer goods sector (including the food and agribusiness sectors).European Bank for Reconstruction and DevelopmentRESOURCE EASTERN EUROPEAN EQUITY PARTNERS II LPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.011786419911.9340000000RESOURCE EASTERN EUROPEAN EQUITY PARTNERS II LPPRIVATEPRIVATEPRIVATEThe EBRD is providing an equity commitment of up to EUR 40 million to Resource Eastern European Equity Partners II LP (the "Fund"). The Fund will be the successor fund to Resource Eastern European Equity Partners I LP, to which the Bank committed to in 2009. The Fund will seek to generate long-term capital appreciation through equity and equity-related investments in lower mid-market companies operating in Poland and other central and south-east European countries with a particular focus on those operating in the consumer goods sector (including the food and agribusiness sectors). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47228XI-IATI-EBRD-56944European Bank for Reconstruction and DevelopmentEBRD invested PLN 120 million (EUR 28 million) in CRR-compliant Additional Tier 1 ("AT1") capital issued by Bank Millennium in bond format. The investment was part of an international PLN-denominated issuance totalling PLN 1.5 billion (EUR 355 million), listed on the Luxembourg Stock Exchange. This was Bank Millennium's inaugural AT1 issuance and the first internationally listed PLN-denominated public AT1 transaction from Poland. The bonds are perpetual, with a call option after 5 years. The project supports the introduction of AT1 instruments to the Polish market through Bank Millennium's inaugural AT1 issuance, which represents only the second public AT1 transaction from Poland. EBRD's participation helps address limited domestic investor capacity and uncertainty over demand for this still-novel instrument, thereby contributing to capital market development. The project also strengthens Bank Millennium's capital resilience and its ability to sustain lending to the real economy by improving the quality of its capital base and supporting capital optimisation.European Bank for Reconstruction and DevelopmentBANK MILLENNIUM SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.0117828571428.57BANK MILLENNIUM SAPRIVATEPRIVATEPRIVATEEBRD invested PLN 120 million (EUR 28 million) in CRR-compliant Additional Tier 1 ("AT1") capital issued by Bank Millennium in bond format. The investment was part of an international PLN-denominated issuance totalling PLN 1.5 billion (EUR 355 million), listed on the Luxembourg Stock Exchange. This was Bank Millennium's inaugural AT1 issuance and the first internationally listed PLN-denominated public AT1 transaction from Poland. The bonds are perpetual, with a call option after 5 years. The project supports the introduction of AT1 instruments to the Polish market through Bank Millennium's inaugural AT1 issuance, which represents only the second public AT1 transaction from Poland. EBRD's participation helps address limited domestic investor capacity and uncertainty over demand for this still-novel instrument, thereby contributing to capital market development. The project also strengthens Bank Millennium's capital resilience and its ability to sustain lending to the real economy by improving the quality of its capital base and supporting capital optimisation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56944XI-IATI-EBRD-52161European Bank for Reconstruction and DevelopmentFollow-on equity investment in Infermedica, a technology company with operations and development centre in Wroclaw, Poland, as part of Series B financing round, to support its product development and marketing efforts. Null ValueEuropean Bank for Reconstruction and DevelopmentINFERMEDICA INCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.011785735747.01INFERMEDICA INCPRIVATEPRIVATEPRIVATEFollow-on equity investment in Infermedica, a technology company with operations and development centre in Wroclaw, Poland, as part of Series B financing round, to support its product development and marketing efforts. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52161XI-IATI-EBRD-53183European Bank for Reconstruction and DevelopmentSenior secured loan of up to EUR 10.6 million in favour of the Co-Borrowers to finance the development, construction and operation of a 30MW portfolio of three solar photovoltaic plants in Croatia. EBRD loan is approved under EBRD InvestEU Framework for Sustainable Transition. The project will contribute to climate mitigation by increasing the share of renewable energy generation in Croatia, through the addition of 30 MW of new solar generation capacity to the national electricity system. The project will further strengthen private sector's role in the renewable energy sector in Croatia relying on combination of financial power purchase agreement and market offtake without the need for state aid in form of feed-in tariffs or feed-in premiums.European Bank for Reconstruction and DevelopmentLUMEN SOLIS DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGZAGREB45.81444 15.9779810600000LUMEN SOLIS DOOPRIVATEPRIVATEPRIVATESenior secured loan of up to EUR 10.6 million in favour of the Co-Borrowers to finance the development, construction and operation of a 30MW portfolio of three solar photovoltaic plants in Croatia. EBRD loan is approved under EBRD InvestEU Framework for Sustainable Transition. The project will contribute to climate mitigation by increasing the share of renewable energy generation in Croatia, through the addition of 30 MW of new solar generation capacity to the national electricity system. The project will further strengthen private sector's role in the renewable energy sector in Croatia relying on combination of financial power purchase agreement and market offtake without the need for state aid in form of feed-in tariffs or feed-in premiums. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53183XI-IATI-EBRD-54320European Bank for Reconstruction and DevelopmentAn indirect equity investment of EUR 75 million in the context of the primary share capital increase of R.Power S.A. (the "Company"), a Warsaw-based utility-scale renewables developer and independent power producer, with activities mainly in Poland, with a smaller fraction of expansion projects located outside of Poland. The investment is part of the EUR 250 million investment round led by the Three Seas Initiative Investment Fund S.A. SICAV-RAIF (the "Three Seas" or the "Fund"), a fund targeting key infrastructure projects in CEE, exclusively advised by Amber Infrastructure Group, a UK-based specialist international infrastructure investment manager. Following the capital increase, the founding shareholders of R.Power will retain a majority stake and continue to lead the Company. The EBRD investment is subject to merger control approval. The proceeds will be primarily used to support the Company's long-term growth strategy and deployment of renewable energy capacities in Poland and Romania.European Bank for Reconstruction and Development3S RA HOLDINGS SARLEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.01178BUCHAREST44.43225 26.10626997551.18196627313S RA HOLDINGS SARL619116803S RA HOLDINGS SARLPRIVATEPRIVATEPRIVATEAn indirect equity investment of EUR 75 million in the context of the primary share capital increase of R.Power S.A. (the "Company"), a Warsaw-based utility-scale renewables developer and independent power producer, with activities mainly in Poland, with a smaller fraction of expansion projects located outside of Poland. The investment is part of the EUR 250 million investment round led by the Three Seas Initiative Investment Fund S.A. SICAV-RAIF (the "Three Seas" or the "Fund"), a fund targeting key infrastructure projects in CEE, exclusively advised by Amber Infrastructure Group, a UK-based specialist international infrastructure investment manager. Following the capital increase, the founding shareholders of R.Power will retain a majority stake and continue to lead the Company. The EBRD investment is subject to merger control approval. The proceeds will be primarily used to support the Company's long-term growth strategy and deployment of renewable energy capacities in Poland and Romania. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54320XI-IATI-EBRD-54939European Bank for Reconstruction and DevelopmentAn equity investment of up to EUR 20 million in Innova Central Holding SCA, a controlling entity of Bielenda Kosmetyki Naturalne S.A. ("Bielenda", the "Company"), the largest Polish manufacturer of facial care products and other cosmetics. The Bank's funds, together with additional equity contributions from Bielenda's existing shareholders, will be used to support Bielenda's growth through financing the acquisition of Torf Corporation, a Polish cosmetics manufacturer with a complementary portfolio. The transaction will help reinforce Bielenda's position as the leading local player in the Polish health and beauty sector. The project will support Bielenda's plan of strengthening its position as a successful domestic cosmetics manufacturer in Poland, laying the foundations for the company's dynamic growth in the country and abroad and improving its competitiveness in the uncertain business environment. It will also support the private equity ecosystem in Poland during a period of reduced liquidity and increased investor risk aversion, contributing to the resilience of the capital markets.European Bank for Reconstruction and DevelopmentINNOVA CENTRAL HOLDING SCAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.0117817200000INNOVA CENTRAL HOLDING SCAPRIVATEPRIVATEPRIVATEAn equity investment of up to EUR 20 million in Innova Central Holding SCA, a controlling entity of Bielenda Kosmetyki Naturalne S.A. ("Bielenda", the "Company"), the largest Polish manufacturer of facial care products and other cosmetics. The Bank's funds, together with additional equity contributions from Bielenda's existing shareholders, will be used to support Bielenda's growth through financing the acquisition of Torf Corporation, a Polish cosmetics manufacturer with a complementary portfolio. The transaction will help reinforce Bielenda's position as the leading local player in the Polish health and beauty sector. The project will support Bielenda's plan of strengthening its position as a successful domestic cosmetics manufacturer in Poland, laying the foundations for the company's dynamic growth in the country and abroad and improving its competitiveness in the uncertain business environment. It will also support the private equity ecosystem in Poland during a period of reduced liquidity and increased investor risk aversion, contributing to the resilience of the capital markets. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54939XI-IATI-EBRD-56327European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 25 million (or its USD equivalent) in favour of Burgan Bank A.S. ("BB"), for on-lending to sub-borrowers implementing green economy investments including, among others, energy efficiency, renewable energy and climate resilience measures under the Türkiye Green Economy Financing Facility II ("GEFF II"). BB will direct funds to the real economy, supporting delivery of EBRD's Green transition quality. Proceeds of the loan will be dedicated to financing green economy investments, in a gender responsive way, in line with the GEFF II Framework's technical eligibility criteria as defined in the Policy Statement.European Bank for Reconstruction and DevelopmentBURGAN BANK ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496625000000BURGAN BANK ASPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 25 million (or its USD equivalent) in favour of Burgan Bank A.S. ("BB"), for on-lending to sub-borrowers implementing green economy investments including, among others, energy efficiency, renewable energy and climate resilience measures under the Türkiye Green Economy Financing Facility II ("GEFF II"). BB will direct funds to the real economy, supporting delivery of EBRD's Green transition quality. Proceeds of the loan will be dedicated to financing green economy investments, in a gender responsive way, in line with the GEFF II Framework's technical eligibility criteria as defined in the Policy Statement. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56327XI-IATI-EBRD-51388European Bank for Reconstruction and DevelopmentAn equity investment of up to USD 10 million in favour of the venture capital fund Badia Impact Squared (the "fund") targeting early stage technology companies in the SEMED region. The project will form part of the Bank's Early-Stage Innovation Facility, a EUR 100 million facility through which the EBRD selectively invests in commercially-oriented early-stage venture capital funds. The Fund will make equity, quasi-equity and equity related investments predominantly in early-stage technology companies in Jordan, Egypt, Tunisia, Morocco and Lebanon, with a principal focus on Jordan and Egypt. The fund will have a core early-stage investment focus predominantly targeting investments at Series A.European Bank for Reconstruction and DevelopmentBADIA IMPACT SQUARED CVEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.24967AMMAN31.95522 35.94503RABAT34.01325 -6.83255TUNIS36.81897 10.165792295537.428873349.3BADIA IMPACT SQUARED CVPRIVATEPRIVATEPRIVATEAn equity investment of up to USD 10 million in favour of the venture capital fund Badia Impact Squared (the "fund") targeting early stage technology companies in the SEMED region. The project will form part of the Bank's Early-Stage Innovation Facility, a EUR 100 million facility through which the EBRD selectively invests in commercially-oriented early-stage venture capital funds. The Fund will make equity, quasi-equity and equity related investments predominantly in early-stage technology companies in Jordan, Egypt, Tunisia, Morocco and Lebanon, with a principal focus on Jordan and Egypt. The fund will have a core early-stage investment focus predominantly targeting investments at Series A. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51388XI-IATI-EBRD-52097European Bank for Reconstruction and DevelopmentProvision of a loan of up to EUR 67.5 million to the iInvesticiji ir verslo garantijos" ("INVEGA or the "Borrower", formerly VIPA), an agency of the Ministry of Finance of Lithuania, to finance demand side energy efficiency investments in residential apartment buildings (the "Project"). The project will help conserve energy, reduce carbon emissions and encourage the use of energy performance practices to generate energy efficiency gains at residential apartment buildings. The project supports an innovative approach to accelerate the pace of renovation of existing buildings through a combination of long term debt financing, incentives, technical assistance and support for low income households.European Bank for Reconstruction and DevelopmentILTE UABEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGVILNIUS54.68916 25.279867500000ILTE UABPRIVATEPRIVATEPRIVATEProvision of a loan of up to EUR 67.5 million to the iInvesticiji ir verslo garantijos" ("INVEGA or the "Borrower", formerly VIPA), an agency of the Ministry of Finance of Lithuania, to finance demand side energy efficiency investments in residential apartment buildings (the "Project"). The project will help conserve energy, reduce carbon emissions and encourage the use of energy performance practices to generate energy efficiency gains at residential apartment buildings. The project supports an innovative approach to accelerate the pace of renovation of existing buildings through a combination of long term debt financing, incentives, technical assistance and support for low income households. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52097XI-IATI-EBRD-56175European Bank for Reconstruction and DevelopmentThe transaction consists of an EBRD investment of up to USD 50 million in a Eurobond issuance of up to USD 300 million by Cimko Cimento ve Beton San. Tic. A.S. (the "Company" or the "Issuer"). The proceeds of the Eurobond will (i) finance the Company's decarbonization investment program, (ii) refinance the Company's existing short and mid-term debt raised for the acquisition of Adana Port in October 2024, and (iii) issuance related transaction costs. In addition, the Project will support human capital development by introducing a new dual-learning internship programme to build core manufacturing skills in partnership with local education providers. Therefore, the Project aligns with the mitigation and adaptation goals of the Paris Agreement, Green Economy Transition ("GET") Approach, Strategy for Promotion of Gender Equality, Equality of Opportunity Strategy, and finally, Strategy for Türkiye 2024-2029 as it supports decarbonisation across sectors through direct engagement with private clients.European Bank for Reconstruction and DevelopmentCIMKO CIMENTO VE BETON SANAYI VE TICARET ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKAHRAMANMARAS37.5847 36.926443771338.53CIMKO CIMENTO VE BETON SANAYI VE TICARET ASPRIVATEPRIVATEPRIVATEThe transaction consists of an EBRD investment of up to USD 50 million in a Eurobond issuance of up to USD 300 million by Cimko Cimento ve Beton San. Tic. A.S. (the "Company" or the "Issuer"). The proceeds of the Eurobond will (i) finance the Company's decarbonization investment program, (ii) refinance the Company's existing short and mid-term debt raised for the acquisition of Adana Port in October 2024, and (iii) issuance related transaction costs. In addition, the Project will support human capital development by introducing a new dual-learning internship programme to build core manufacturing skills in partnership with local education providers. Therefore, the Project aligns with the mitigation and adaptation goals of the Paris Agreement, Green Economy Transition ("GET") Approach, Strategy for Promotion of Gender Equality, Equality of Opportunity Strategy, and finally, Strategy for Türkiye 2024-2029 as it supports decarbonisation across sectors through direct engagement with private clients. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56175XI-IATI-EBRD-55406European Bank for Reconstruction and DevelopmentThe EBRD has invested USD 50 million in the Green Bond issuance by QNB Bank A.S., a universal commercial bank incorporated in Türkiye. The bond is issued under Qatar National Bank`s ("QNB" or the "Parent") Sustainable Finance and Product Framework, aligned with the International Capital Market Association's Green Bond Principles (the "ICMA GBP"). The issuance benefits from a Second Party Opinion from Institutional Shareholder Services Inc., confirming its compliance with the ICMA GBP. The Project promotes the transition to environmentally sustainable, low-carbon and climate-resilient economy in Türkiye,with 100 per cent of the EBRD financing allocated to GET-eligible investments. By adhering to established green bond framework and principles, the Project aims to channel funds towards eligible green projects and contribute to the further development of the green bond market in the country.European Bank for Reconstruction and DevelopmentQNB BANK ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496643771338.53QNB BANK ASPRIVATEPRIVATEPRIVATEThe EBRD has invested USD 50 million in the Green Bond issuance by QNB Bank A.S., a universal commercial bank incorporated in Türkiye. The bond is issued under Qatar National Bank`s ("QNB" or the "Parent") Sustainable Finance and Product Framework, aligned with the International Capital Market Association's Green Bond Principles (the "ICMA GBP"). The issuance benefits from a Second Party Opinion from Institutional Shareholder Services Inc., confirming its compliance with the ICMA GBP. The Project promotes the transition to environmentally sustainable, low-carbon and climate-resilient economy in Türkiye,with 100 per cent of the EBRD financing allocated to GET-eligible investments. By adhering to established green bond framework and principles, the Project aims to channel funds towards eligible green projects and contribute to the further development of the green bond market in the country. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55406XI-IATI-EBRD-54998European Bank for Reconstruction and DevelopmentA senior loan of up to USD 65 million with a tenor of up to 7 years (the "Loan") to Polat Enerji Yatirimlari A.S. (the "Borrower" or the "Company"), a renewable energy company operating in Turkiye. The Project is also expected to benefit from concessional financing from the AIRE Program in the amount of USD 5.0 million, subject to donor's approval. The proceeds of the Loan will be used for the development and construction of (i) 30.8MW wind capacity expansion at the Borrower's operating WPP portfolio (i.e. Soma WPP, Geycek WPP and Poyraz WPP), (ii) a 46.6MW solar plant (which will be developed under hybrid power plant regulation) co-located with the operating Geycek WPP, and (iii) a battery storage project with an installed capacity of 10.0MWh also co-located with the Geycek WPP (the "Project").European Bank for Reconstruction and DevelopmentPOLAT ENERJI YATIRIMLARI ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496656902740.08POLAT ENERJI YATIRIMLARI ASPRIVATEPRIVATEPRIVATEA senior loan of up to USD 65 million with a tenor of up to 7 years (the "Loan") to Polat Enerji Yatirimlari A.S. (the "Borrower" or the "Company"), a renewable energy company operating in Turkiye. The Project is also expected to benefit from concessional financing from the AIRE Program in the amount of USD 5.0 million, subject to donor's approval. The proceeds of the Loan will be used for the development and construction of (i) 30.8MW wind capacity expansion at the Borrower's operating WPP portfolio (i.e. Soma WPP, Geycek WPP and Poyraz WPP), (ii) a 46.6MW solar plant (which will be developed under hybrid power plant regulation) co-located with the operating Geycek WPP, and (iii) a battery storage project with an installed capacity of 10.0MWh also co-located with the Geycek WPP (the "Project"). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54998XI-IATI-EBRD-53532European Bank for Reconstruction and DevelopmentThe provision of an additional commitment of up to EUR 50 million to Fraport TAV Antalya Yatirim, Yapim ve Isletme A.S. (the "Borrower"). The Project Summary Document was originally disclosed on 11 November 2022 and updated on 11 December 2023. A loan agreement was signed on 24 March 2023, for a senior loan of EUR 140 million between EBRD and the Borrower, who is a special purpose vehicle owned by Fraport AG Frankfurt Airport Services Worldwide ("Fraport") and TAV Havalimanlari Holding A.S. ("TAV", together the "Sponsors"). The Sponsors were awarded in 2021 a 25-year concession for the operation of Antalya Airport between 2027 and 2051 by the Turkish State Airports Authority ("DHMI") to enable an increase in the capacity of Antalya Airport. EBRD proceeds will be used to partially finance the Borrower's investments to be made into Antalya Airport until Q3 2025 through a capex bridge loan. The Project involves the expansion of passenger terminals and construction of additional apron spaces and taxiways. The investments to be financed by Bank's proceeds include green certified building investments and comprehensive energy, resource efficiency and sustainability measures in the Airport. The terminal buildings to be expanded will obtain the "LEED Gold" certificate and the Project will implement solar PV panels and recycle the material generated by earthworks and demolition.European Bank for Reconstruction and DevelopmentFRAPORT TAV ANTALYA YATIRIM YAPIM VE ISLETME ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANTALYA36.90812 30.69556190000000FRAPORT TAV ANTALYA YATIRIM YAPIM VE ISLETME ASPRIVATEPRIVATEPRIVATEThe provision of an additional commitment of up to EUR 50 million to Fraport TAV Antalya Yatirim, Yapim ve Isletme A.S. (the "Borrower"). The Project Summary Document was originally disclosed on 11 November 2022 and updated on 11 December 2023. A loan agreement was signed on 24 March 2023, for a senior loan of EUR 140 million between EBRD and the Borrower, who is a special purpose vehicle owned by Fraport AG Frankfurt Airport Services Worldwide ("Fraport") and TAV Havalimanlari Holding A.S. ("TAV", together the "Sponsors"). The Sponsors were awarded in 2021 a 25-year concession for the operation of Antalya Airport between 2027 and 2051 by the Turkish State Airports Authority ("DHMI") to enable an increase in the capacity of Antalya Airport. EBRD proceeds will be used to partially finance the Borrower's investments to be made into Antalya Airport until Q3 2025 through a capex bridge loan. The Project involves the expansion of passenger terminals and construction of additional apron spaces and taxiways. The investments to be financed by Bank's proceeds include green certified building investments and comprehensive energy, resource efficiency and sustainability measures in the Airport. The terminal buildings to be expanded will obtain the "LEED Gold" certificate and the Project will implement solar PV panels and recycle the material generated by earthworks and demolition. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53532XI-IATI-EBRD-56477European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 30 million in favour of Sekerbank T.A.S. ("Sekerbank" or "SB") for on lending to micro, small, and medium-sized enterprises managed or majority-owned by individuals under the age of 35 ("Youth MSMEs") under Youth in Business ("YiB") Programme in Türkiye a blended programme established under the Financial Intermediaries Framework ("FIF"). TurYiB is a comprehensive and targeted initiative designed to foster youth entrepreneurship and support youth-led SMEs in Türkiye. EBRD financing will be accompanied by risk sharing mechanisms in the form of first loss covers enabled by i) the European Union through its European Fund for Sustainable Development Plus ("EFSD+") guarantee in the form of a first loss risk cover ("FLRC") in favour of EBRD and ii) the Turkish Credit Guarantee Fund ("KGF") in favour of the partner financial institutions, underwritten by the Turkish Ministry of Treasury and Finance, to stimulate lending on a sustainable basis. Additionally, young entrepreneurs will benefit from tailored capacity-building activities, including training sessions and workshops, aimed at enhancing their business know-how and facilitating access to non-financial resources for long-term growth.European Bank for Reconstruction and DevelopmentSEKERBANK TASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496615000000SEKERBANK TASPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 30 million in favour of Sekerbank T.A.S. ("Sekerbank" or "SB") for on lending to micro, small, and medium-sized enterprises managed or majority-owned by individuals under the age of 35 ("Youth MSMEs") under Youth in Business ("YiB") Programme in Türkiye a blended programme established under the Financial Intermediaries Framework ("FIF"). TurYiB is a comprehensive and targeted initiative designed to foster youth entrepreneurship and support youth-led SMEs in Türkiye. EBRD financing will be accompanied by risk sharing mechanisms in the form of first loss covers enabled by i) the European Union through its European Fund for Sustainable Development Plus ("EFSD+") guarantee in the form of a first loss risk cover ("FLRC") in favour of EBRD and ii) the Turkish Credit Guarantee Fund ("KGF") in favour of the partner financial institutions, underwritten by the Turkish Ministry of Treasury and Finance, to stimulate lending on a sustainable basis. Additionally, young entrepreneurs will benefit from tailored capacity-building activities, including training sessions and workshops, aimed at enhancing their business know-how and facilitating access to non-financial resources for long-term growth. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56477XI-IATI-EBRD-54193European Bank for Reconstruction and DevelopmentProvision of a senior loan (the "Loan") of up to USD 100 million to Ukraine based ArcelorMittal Kryviy Rih JSC (the "Company"), a joint stock company majority owned by ArcelorMittal Group ("AMG"). The Loan will be used for financing of the working capital needs of the Company to ensure the continuity of operations in Ukraine.European Bank for Reconstruction and DevelopmentARCELORMITTAL KRYVYI RIHEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKRYVYI RIH47.90966 33.3804487542677.06ARCELORMITTAL KRYVYI RIHPRIVATEPRIVATEPRIVATEProvision of a senior loan (the "Loan") of up to USD 100 million to Ukraine based ArcelorMittal Kryviy Rih JSC (the "Company"), a joint stock company majority owned by ArcelorMittal Group ("AMG"). The Loan will be used for financing of the working capital needs of the Company to ensure the continuity of operations in Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54193XI-IATI-EBRD-55023European Bank for Reconstruction and DevelopmentA senior loan of up to EUR 25 million, consisting of EUR 15 million committed ("Tranche 1") and EUR 10 million uncommitted financing ("Tranche 2"), to provide emergency support to the City of Kharkiv via liquidity financing to its municipal utilities/operators, to mitigate the effect of the ongoing war on the City's financial position, and to ensure uninterrupted provision of essential municipal services to the City's residents, internally displaced persons ("IDPs") and enterprises (the "Project"). The recipients of liquidity support from the City are planned to be the four municipal operators: i) the Communal Enterprise "Kharkivsky metropoliten", an existing client of the Bank; ii) the Communal Enterprise "Trolleybus depot no. 2", an existing client of the Bank; iii) the Communal Enterprise "Saltiv tram depot"; and iv) the Communal Enterprise "Kharkiv heat networks" (together the "Recipients"). The Bank's loan is expected to support the key municipal utilities and public transport operators in 2024-2025 by addressing their critical liquidity needs, to ensure uninterrupted provision of essential public services in response to direct damage from the war, additional demand for services due to the presence of a significant number of IDPs and the City's shrinking liquidity. In the absence of the Bank's support, given the on-going war and its effects on the local economy and ongoing forced displacement and labour market volatility, there is a high risk of disruption to infrastructure services provision, compromising infrastructure service delivery, which is needed both for Kharkiv's economic recovery and the City's private sector.European Bank for Reconstruction and DevelopmentCITY OF KHARKIVEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKHARKIV49.98081 36.2527225000000CITY OF KHARKIV10000000CITY OF KHARKIV5000000CITY OF KHARKIV10000000CITY OF KHARKIVSTATESTATESTATESTATEA senior loan of up to EUR 25 million, consisting of EUR 15 million committed ("Tranche 1") and EUR 10 million uncommitted financing ("Tranche 2"), to provide emergency support to the City of Kharkiv via liquidity financing to its municipal utilities/operators, to mitigate the effect of the ongoing war on the City's financial position, and to ensure uninterrupted provision of essential municipal services to the City's residents, internally displaced persons ("IDPs") and enterprises (the "Project"). The recipients of liquidity support from the City are planned to be the four municipal operators: i) the Communal Enterprise "Kharkivsky metropoliten", an existing client of the Bank; ii) the Communal Enterprise "Trolleybus depot no. 2", an existing client of the Bank; iii) the Communal Enterprise "Saltiv tram depot"; and iv) the Communal Enterprise "Kharkiv heat networks" (together the "Recipients"). The Bank's loan is expected to support the key municipal utilities and public transport operators in 2024-2025 by addressing their critical liquidity needs, to ensure uninterrupted provision of essential public services in response to direct damage from the war, additional demand for services due to the presence of a significant number of IDPs and the City's shrinking liquidity. In the absence of the Bank's support, given the on-going war and its effects on the local economy and ongoing forced displacement and labour market volatility, there is a high risk of disruption to infrastructure services provision, compromising infrastructure service delivery, which is needed both for Kharkiv's economic recovery and the City's private sector. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55023XI-IATI-EBRD-54013European Bank for Reconstruction and DevelopmentThe Project involves the provision of a senior loan of up to PLN 175 million (approx. EUR 37 million) to YVS Nozdrzec Sp. z o.o. (the "Borrower" or the "Company"), a special purpose vehicle ("SPV") incorporated in Poland. The loan will be dedicated for the construction and operation of a 48MW onshore wind farm in the south-eastern Podkarpackie region of Poland (the "Project"). The Project consists of 16 wind turbines and is expected to generate 138GWh of electricity per annum. The Project includes the possibility of extension with 2 additional wind turbines for a total of 6MW. The Project will contribute to climate mitigation by adding 48MW wind generation capacity to the Polish national energy system. Wind and solar farms are critical to Poland in achieving its ambitious decarbonisation goals and their rapid development is key to diversifying away from hydrocarbon reliance. In addition, the Project will strengthen the private sector's role in the renewable energy sector in Poland.European Bank for Reconstruction and DevelopmentYVS NOZDRZEC FARMA WIATROWA SP ZOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.0117834900733.01YVS NOZDRZEC FARMA WIATROWA SP ZOOPRIVATEPRIVATEPRIVATEThe Project involves the provision of a senior loan of up to PLN 175 million (approx. EUR 37 million) to YVS Nozdrzec Sp. z o.o. (the "Borrower" or the "Company"), a special purpose vehicle ("SPV") incorporated in Poland. The loan will be dedicated for the construction and operation of a 48MW onshore wind farm in the south-eastern Podkarpackie region of Poland (the "Project"). The Project consists of 16 wind turbines and is expected to generate 138GWh of electricity per annum. The Project includes the possibility of extension with 2 additional wind turbines for a total of 6MW. The Project will contribute to climate mitigation by adding 48MW wind generation capacity to the Polish national energy system. Wind and solar farms are critical to Poland in achieving its ambitious decarbonisation goals and their rapid development is key to diversifying away from hydrocarbon reliance. In addition, the Project will strengthen the private sector's role in the renewable energy sector in Poland. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54013XI-IATI-EBRD-55750European Bank for Reconstruction and DevelopmentSenior, unsecured, multicurrency loan to Bank of Georgia in the amount of up to USD 100 million equivalent under Financial Intermediaries Framework ("FIF") for on-lending to private micro, small and medium enterprises ("MSMEs") in Georgia. The project will enhance access to finance for MSMEs, which are one of the key contributors to real economy, in Georgia. The loan will enable Bank of Georgia to increase the outreach and focus more on regional and peri-urban small and medium sized businesses promoting local currency lending and simplifying access to finance for new clients (largely to regional customers by means of digital channels).European Bank for Reconstruction and DevelopmentBANK OF GEORGIA JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTBILISI41.69411 44.8336894813361.63BANK OF GEORGIA JSCPRIVATEPRIVATEPRIVATESenior, unsecured, multicurrency loan to Bank of Georgia in the amount of up to USD 100 million equivalent under Financial Intermediaries Framework ("FIF") for on-lending to private micro, small and medium enterprises ("MSMEs") in Georgia. The project will enhance access to finance for MSMEs, which are one of the key contributors to real economy, in Georgia. The loan will enable Bank of Georgia to increase the outreach and focus more on regional and peri-urban small and medium sized businesses promoting local currency lending and simplifying access to finance for new clients (largely to regional customers by means of digital channels). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55750XI-IATI-EBRD-56434European Bank for Reconstruction and DevelopmentIn September 2025, EBRD invested EUR 5 million in senior preferred bonds placed by Citadele Banka AS ("Citadele") as part of its EUR 300 million international issuance listed on Euronext Dublin stock exchange. The bonds have a 4.25-year maturity with a call option in 3.25-year time. The project supports green economy in Latvia and strengthens Citadele's climate practices. It also supports capital market issuances by Baltic banks and contributes to the robustness of a systemic bank in Latvia against market and regulatory shocks.European Bank for Reconstruction and DevelopmentCITADELE BANKA ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGRIGA56.946 24.105895000000CITADELE BANKA ASPRIVATEPRIVATEPRIVATEIn September 2025, EBRD invested EUR 5 million in senior preferred bonds placed by Citadele Banka AS ("Citadele") as part of its EUR 300 million international issuance listed on Euronext Dublin stock exchange. The bonds have a 4.25-year maturity with a call option in 3.25-year time. The project supports green economy in Latvia and strengthens Citadele's climate practices. It also supports capital market issuances by Baltic banks and contributes to the robustness of a systemic bank in Latvia against market and regulatory shocks. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56434XI-IATI-EBRD-54248European Bank for Reconstruction and DevelopmentAn equity commitment of up to EUR 100 million in favour of Taaleri SolarWind III fund (the "Fund"). The Fund will seek to make equity investments in utility-scale wind and photovoltaic solar projects, primarily entering projects at early stages (development to ready-to-build). It will also selectively pursue investments in battery storage facilities. The Fund will invest in Europe and the United States, with EBRD participating solely in investments in the Bank's countries of operations ("CoOs"). The CoOs targeted by the Fund are Bulgaria, Croatia, Czech Republic, Estonia, Greece, Hungary, Latvia, Lithuania, Montenegro, Poland, Romania, Serbia, Slovak Republic and Slovenia.European Bank for Reconstruction and DevelopmentTAALERI SOLARWIND III CO-INVEST SCSPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGVILNIUS54.68916 25.2798RIGA56.946 24.10589WARSAW52.22977 21.01178BELGRADE44.80401 20.4651328403570100000000TAALERI SOLARWIND III CO-INVEST SCSPPRIVATEPRIVATEPRIVATEAn equity commitment of up to EUR 100 million in favour of Taaleri SolarWind III fund (the "Fund"). The Fund will seek to make equity investments in utility-scale wind and photovoltaic solar projects, primarily entering projects at early stages (development to ready-to-build). It will also selectively pursue investments in battery storage facilities. The Fund will invest in Europe and the United States, with EBRD participating solely in investments in the Bank's countries of operations ("CoOs"). The CoOs targeted by the Fund are Bulgaria, Croatia, Czech Republic, Estonia, Greece, Hungary, Latvia, Lithuania, Montenegro, Poland, Romania, Serbia, Slovak Republic and Slovenia. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54248XI-IATI-EBRD-55414European Bank for Reconstruction and DevelopmentII - Amenli Project - Equity investment in Amenli, a digital insurance broker in Egypt. Up to $2m equity investment in pre-series A preferred shares of Amenli Insurance PTE Ltd ("Amenli" or "the company"), a legal entity incorporated in Singapore, as part of a $3m financing round. The bank's investment will result in the bank holding c. 11% ownership in the company on a fully diluted basis.European Bank for Reconstruction and DevelopmentAMENLI INSURANCE PTE LTDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.249671829333.67AMENLI INSURANCE PTE LTDPRIVATEPRIVATEPRIVATEEquity investment in Amenli, a digital insurance broker in Egypt. Up to $2m equity investment in pre-series A preferred shares of Amenli Insurance PTE Ltd ("Amenli" or "the company"), a legal entity incorporated in Singapore, as part of a $3m financing round. The bank's investment will result in the bank holding c. 11% ownership in the company on a fully diluted basis. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55414XI-IATI-EBRD-53417European Bank for Reconstruction and DevelopmentProvision of a three-year revolving loan of up to EUR 300 million to the Republic of Moldova under the Resilience and Livelihoods Framework to be on-lent to Energocom to finance emergency gas supply and strategic reserve build up in order to facilitate diversification of gas supply. The Facility includes two tranches: (i) up to EUR 200 million Emergency Tranche, which will be used in case of gas supply disruption, and (ii) up to EUR 100 million Diversification and Storage Tranche, which will be used to accumulate and store Moldova's strategic gas reserve in Romania or Ukraine, which will also allow to avoid seasonal price spikes and diversify supply routes and sources. An up to EUR 200 million increase was approved in July 2023, which will be utilised for additional accumulation of strategic gas reserve and emergency gas supplies. The loan increase is outside of the scope of the Resilience and Livelihoods Framework. The Project's main objective is to strengthen Moldova's energy security by providing both an emergency and long-term financing mechanisms to mitigate the risk of disruption and maintain access to vital energy services, accumulate strategic gas reserve and support diversification of natural gas suppliers and delivery routes. This is essential to safeguard basic needs and economic livelihoods of the local population as well as refugees from Ukraine.European Bank for Reconstruction and DevelopmentMOLDOVA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCHISINAU47.00556 28.8575300000000MOLDOVA SOVEREIGN28095300MOLDOVA SOVEREIGN5603160MOLDOVA SOVEREIGN11880000MOLDOVA SOVEREIGN40651943.2MOLDOVA SOVEREIGN13763008MOLDOVA SOVEREIGN22467438MOLDOVA SOVEREIGN14478900MOLDOVA SOVEREIGN12952670MOLDOVA SOVEREIGN16111500MOLDOVA SOVEREIGN22862300MOLDOVA SOVEREIGN7369120MOLDOVA SOVEREIGN10187940MOLDOVA SOVEREIGN5011905.6MOLDOVA SOVEREIGN15267984MOLDOVA SOVEREIGN15158598.4MOLDOVA SOVEREIGN21283762MOLDOVA SOVEREIGN15195096.4MOLDOVA SOVEREIGN21611932MOLDOVA SOVEREIGN40251750MOLDOVA SOVEREIGN7981610.4MOLDOVA SOVEREIGN17299160MOLDOVA SOVEREIGN10382000MOLDOVA SOVEREIGN24085479.6MOLDOVA SOVEREIGN6799880.4MOLDOVA SOVEREIGN10046782.74MOLDOVA SOVEREIGN15541778MOLDOVA SOVEREIGN32078041.35MOLDOVA SOVEREIGNSTATESTATESTATESTATEProvision of a three-year revolving loan of up to EUR 300 million to the Republic of Moldova under the Resilience and Livelihoods Framework to be on-lent to Energocom to finance emergency gas supply and strategic reserve build up in order to facilitate diversification of gas supply. The Facility includes two tranches: (i) up to EUR 200 million Emergency Tranche, which will be used in case of gas supply disruption, and (ii) up to EUR 100 million Diversification and Storage Tranche, which will be used to accumulate and store Moldova's strategic gas reserve in Romania or Ukraine, which will also allow to avoid seasonal price spikes and diversify supply routes and sources. An up to EUR 200 million increase was approved in July 2023, which will be utilised for additional accumulation of strategic gas reserve and emergency gas supplies. The loan increase is outside of the scope of the Resilience and Livelihoods Framework. The Project's main objective is to strengthen Moldova's energy security by providing both an emergency and long-term financing mechanisms to mitigate the risk of disruption and maintain access to vital energy services, accumulate strategic gas reserve and support diversification of natural gas suppliers and delivery routes. This is essential to safeguard basic needs and economic livelihoods of the local population as well as refugees from Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53417XI-IATI-EBRD-54737European Bank for Reconstruction and DevelopmentProvision of a senior secured loan of up to PLN 250 million to TELE-FONIKA Kable S.A. (the "Company"), the largest cable and wire producer in Central and Eastern Europe with headquarters in Poland. The loan will be used for supporting the company's business development strategy, which aims to increase TELE-FONIKA's presence in the fast-growing renewable generation sector. The loan is a part of a larger consortium financing, with the EBRD joined by other lenders. The EBRD loan will finance the strategic plans of TELE-FONIKA Kable, including by supporting research & development of new products with applications in the renewable power sector, working capital needs arising from expanded production, and refinancing of the existing debt. The project will contribute to ensuring long-term resilience and growth of the company's business, allowing it to successfully compete in the market and contribute to the ongoing transition to a low carbon and sustainable energy supply in Europe.European Bank for Reconstruction and DevelopmentTELE-FONIKA KABLE SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKRAKOW50.06143 19.9365858167888.35TELE-FONIKA KABLE SAPRIVATEPRIVATEPRIVATEProvision of a senior secured loan of up to PLN 250 million to TELE-FONIKA Kable S.A. (the "Company"), the largest cable and wire producer in Central and Eastern Europe with headquarters in Poland. The loan will be used for supporting the company's business development strategy, which aims to increase TELE-FONIKA's presence in the fast-growing renewable generation sector. The loan is a part of a larger consortium financing, with the EBRD joined by other lenders. The EBRD loan will finance the strategic plans of TELE-FONIKA Kable, including by supporting research & development of new products with applications in the renewable power sector, working capital needs arising from expanded production, and refinancing of the existing debt. The project will contribute to ensuring long-term resilience and growth of the company's business, allowing it to successfully compete in the market and contribute to the ongoing transition to a low carbon and sustainable energy supply in Europe. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54737XI-IATI-EBRD-50770European Bank for Reconstruction and DevelopmentProvision of an equity investment of up to EUR 30 million in favour of Usaldusfond EfTEN Real Estate Fund 4 (the "Fund"), a closed-end investment fund incorporated in Estonia. This would be the first green property fund in the Baltics with climate agenda and green objectives as an integral part of the business concept. The Fund's objective is to invest in high quality cash flow generating real estate assets across Estonia, Latvia and Lithuania (the "Region"). The Fund will invest primarily in the office, retail and logistics sectors mainly in the capitals and secondary cities of the Region. The Fund will become the first fund in the Region to integrate ambitious climate objectives and a focus on building sustainability alongside a commercial rationale. The Fund will also be the first in the Region to join the Global Real Estate Sustainability Benchmark ("GRESB"), an organization committed to assessing economic, social and corporate governance ("ESG") performance of real estate assets globally.European Bank for Reconstruction and DevelopmentUSALDUSFOND EFTEN REAL ESTATE FUND 4European Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTALLINN59.43696 24.75353VILNIUS54.68916 25.2798RIGA56.946 24.1058930000000USALDUSFOND EFTEN REAL ESTATE FUND 4PRIVATEPRIVATEPRIVATEProvision of an equity investment of up to EUR 30 million in favour of Usaldusfond EfTEN Real Estate Fund 4 (the "Fund"), a closed-end investment fund incorporated in Estonia. This would be the first green property fund in the Baltics with climate agenda and green objectives as an integral part of the business concept. The Fund's objective is to invest in high quality cash flow generating real estate assets across Estonia, Latvia and Lithuania (the "Region"). The Fund will invest primarily in the office, retail and logistics sectors mainly in the capitals and secondary cities of the Region. The Fund will become the first fund in the Region to integrate ambitious climate objectives and a focus on building sustainability alongside a commercial rationale. The Fund will also be the first in the Region to join the Global Real Estate Sustainability Benchmark ("GRESB"), an organization committed to assessing economic, social and corporate governance ("ESG") performance of real estate assets globally. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50770XI-IATI-EBRD-53100European Bank for Reconstruction and DevelopmentA senior loan of up to €10.6 million loan to Khmelnytskyi Communal Enterprise "Electrotrans" (the "Company") to finance the acquisition of new trolleybuses along with essential maintenance and diagnostic equipment. The EBRD loan is a part of a broader financial package, which includes an investment grant from the EU Neighbourhood Investment Platform ("EU NIP") in the amount of up to €2.75 million and an investment grant of up to €1.7 million from the EBRD Crisis Response Special Fund benefiting from the US government contribution. The City's financing of €1.5 million is to be used for upgrading trolleybus stops and traction substations as well as modernising trolleybus depot. The Project was identified as a priority follow-on transaction in the course of the development of the Green City Action Plan ("GCAP") and an Internally Displaced Persons ("IDPs") Rapid Appraisal Report, which was prepared by GCAP consultant to assess the specific impacts of the influx of IDPs on the City's infrastructure and the provision of public services. The proceeds of the EBRD's loan and the aforementioned grants will be used for the acquisition of new trolleybuses along with spare parts, remote monitoring system and service equipment. The modernisation of the trolleybus fleet will improve the reliability and quality of services for public transport users, as well as improve air quality through reduced Nitrous Oxides ("NOx") and Particulate Matter ("PM") emissions. The upgrade of trolleybus stops and installation of surveillance cameras inside trolleybuses will improve the safety of public transport services, while the modernisation of traction substations and depot will play an important role in improved energy efficiency and reliability of the catenary network operation, which is especially critical in view of the recent attacks on the energy infrastructure of Ukraine. The Project plays a vital role for IDPs, who had to relocate to Khmelnytskyi from the temporarily occupied territories or territories close to the frontlines, as well as other vulnerable groups of population, as it improves access to safe and reliable public transportation. According to the Rapid Appraisal Report, over 60% of IDPs in the City are women, and over 90% of IDPs lost their jobs due to the war. A recent EBRD report on gender-based violence in Ukraine has found that displaced women are more than three times more likely to experience gender-based violence and harassment than non-displaced residents. Women and children are also at higher risk of trafficking and exploitation.European Bank for Reconstruction and DevelopmentKHMELNYTSKYI COMMUNAL ENTERPRISE ELECTROTRANSEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKHMELNYTSKYI49.41835 26.9793675706.8610600000KHMELNYTSKYI COMMUNAL ENTERPRISE ELECTROTRANS2090600KHMELNYTSKYI COMMUNAL ENTERPRISE ELECTROTRANS1274774.12KHMELNYTSKYI COMMUNAL ENTERPRISE ELECTROTRANS1167913.57KHMELNYTSKYI COMMUNAL ENTERPRISE ELECTROTRANS2816980.11KHMELNYTSKYI COMMUNAL ENTERPRISE ELECTROTRANS2550155.2KHMELNYTSKYI COMMUNAL ENTERPRISE ELECTROTRANS623870.14KHMELNYTSKYI COMMUNAL ENTERPRISE ELECTROTRANSSTATESTATESTATESTATEA senior loan of up to €10.6 million loan to Khmelnytskyi Communal Enterprise "Electrotrans" (the "Company") to finance the acquisition of new trolleybuses along with essential maintenance and diagnostic equipment. The EBRD loan is a part of a broader financial package, which includes an investment grant from the EU Neighbourhood Investment Platform ("EU NIP") in the amount of up to €2.75 million and an investment grant of up to €1.7 million from the EBRD Crisis Response Special Fund benefiting from the US government contribution. The City's financing of €1.5 million is to be used for upgrading trolleybus stops and traction substations as well as modernising trolleybus depot. The Project was identified as a priority follow-on transaction in the course of the development of the Green City Action Plan ("GCAP") and an Internally Displaced Persons ("IDPs") Rapid Appraisal Report, which was prepared by GCAP consultant to assess the specific impacts of the influx of IDPs on the City's infrastructure and the provision of public services. The proceeds of the EBRD's loan and the aforementioned grants will be used for the acquisition of new trolleybuses along with spare parts, remote monitoring system and service equipment. The modernisation of the trolleybus fleet will improve the reliability and quality of services for public transport users, as well as improve air quality through reduced Nitrous Oxides ("NOx") and Particulate Matter ("PM") emissions. The upgrade of trolleybus stops and installation of surveillance cameras inside trolleybuses will improve the safety of public transport services, while the modernisation of traction substations and depot will play an important role in improved energy efficiency and reliability of the catenary network operation, which is especially critical in view of the recent attacks on the energy infrastructure of Ukraine. The Project plays a vital role for IDPs, who had to relocate to Khmelnytskyi from the temporarily occupied territories or territories close to the frontlines, as well as other vulnerable groups of population, as it improves access to safe and reliable public transportation. According to the Rapid Appraisal Report, over 60% of IDPs in the City are women, and over 90% of IDPs lost their jobs due to the war. A recent EBRD report on gender-based violence in Ukraine has found that displaced women are more than three times more likely to experience gender-based violence and harassment than non-displaced residents. Women and children are also at higher risk of trafficking and exploitation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53100XI-IATI-EBRD-55787European Bank for Reconstruction and DevelopmentA senior loan of up to EUR 25 million to the Communal Enterprise "Dniprovska Municipalna Energoservisna Kompanya" (the "Company"), the municipal energy management company, owned by the City of Dnipro (the "City"), to finance energy-saving measures in public buildings in the City (the "Project"). The loan is expected to be co-financed by an investment grant of up to EUR 8 million from a bilateral or multilateral donor, with the grant funding source and amount to be confirmed prior to signing of the Project legal documentation. The local contribution of up to EUR 2.5 million will cover additional energy conservation measures, capital repairs and technical supervision under the Project. The Project proceeds will finance investments with elements of an Energy Performance Contract (the "EnPC") for energy efficiency improvement measures in ca. 88 public buildings, including kindergartens, schools and hospitals. The proposed investment will enable the City to finance energy efficiency measures through EnPCs implemented by private contractors selected under competitive tender(s). The investments are expected to result in strong improvement of public buildings' condition through renovation of facilities and meeting heating requirements, enhanced comfort level and reliability of services at kindergartens, schools and hospitals, as well as reduction of energy and maintenance costs of the buildings and decrease in CO2 emissions. The Project will also pilot the installation of renewable energy sources in hospitals, helping to diversify the energy supply and enhance energy security in the City. This will reduce the hospitals' dependence on external energy sources, which can be disrupted by power outages, ensuring they continue to operate smoothly and provide uninterrupted healthcare services to the population during the war.European Bank for Reconstruction and DevelopmentENERGY EFFICIENCY COMPANY OF THE CITY OF DNIPROEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGDNIPRO48.4593 35.038652500000025000000ENERGY EFFICIENCY COMPANY OF THE CITY OF DNIPROSTATESTATESTATESTATEA senior loan of up to EUR 25 million to the Communal Enterprise "Dniprovska Municipalna Energoservisna Kompanya" (the "Company"), the municipal energy management company, owned by the City of Dnipro (the "City"), to finance energy-saving measures in public buildings in the City (the "Project"). The loan is expected to be co-financed by an investment grant of up to EUR 8 million from a bilateral or multilateral donor, with the grant funding source and amount to be confirmed prior to signing of the Project legal documentation. The local contribution of up to EUR 2.5 million will cover additional energy conservation measures, capital repairs and technical supervision under the Project. The Project proceeds will finance investments with elements of an Energy Performance Contract (the "EnPC") for energy efficiency improvement measures in ca. 88 public buildings, including kindergartens, schools and hospitals. The proposed investment will enable the City to finance energy efficiency measures through EnPCs implemented by private contractors selected under competitive tender(s). The investments are expected to result in strong improvement of public buildings' condition through renovation of facilities and meeting heating requirements, enhanced comfort level and reliability of services at kindergartens, schools and hospitals, as well as reduction of energy and maintenance costs of the buildings and decrease in CO2 emissions. The Project will also pilot the installation of renewable energy sources in hospitals, helping to diversify the energy supply and enhance energy security in the City. This will reduce the hospitals' dependence on external energy sources, which can be disrupted by power outages, ensuring they continue to operate smoothly and provide uninterrupted healthcare services to the population during the war. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55787XI-IATI-EBRD-53106European Bank for Reconstruction and DevelopmentThe financial package consists of parallel loans to the Company for the total amount of up to USD 50 million (EUR 46 million) in Basel III compliant Additional Tier 1 ("AT1") capital instrument. The Bank will finance a portion of up to USD 35 million (EUR 32 million) and the parallel lender, Swedfund, will provide the remaining up to USD 15 million (EUR 13.8 million). This will be the first-ever AT1 capital loan provided by the Bank. The key objectives of the proposed loan are focused on strengthening Bank of Georgia's capital by bolstering Tier 1 equity, optimising capital structure in line with Basel III Pillar 2 phase-in plan and currency-diversifying the capital base. Furthermore, Bank of Georgia will undertake to deploy the full amount of USD 50 million into GET-eligible investments.European Bank for Reconstruction and DevelopmentBANK OF GEORGIA JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTBILISI41.69411 44.8336830639936.97BANK OF GEORGIA JSCPRIVATEPRIVATEPRIVATEThe financial package consists of parallel loans to the Company for the total amount of up to USD 50 million (EUR 46 million) in Basel III compliant Additional Tier 1 ("AT1") capital instrument. The Bank will finance a portion of up to USD 35 million (EUR 32 million) and the parallel lender, Swedfund, will provide the remaining up to USD 15 million (EUR 13.8 million). This will be the first-ever AT1 capital loan provided by the Bank. The key objectives of the proposed loan are focused on strengthening Bank of Georgia's capital by bolstering Tier 1 equity, optimising capital structure in line with Basel III Pillar 2 phase-in plan and currency-diversifying the capital base. Furthermore, Bank of Georgia will undertake to deploy the full amount of USD 50 million into GET-eligible investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53106XI-IATI-EBRD-54492European Bank for Reconstruction and DevelopmentA EUR 20m participation in an ESG-linked Schuldschein issuance by MANN+HUMMEL Holding GmbH, a leading global company in filtration technology. Under its two business units Transportation and Life Sciences & Environment, the Ludwigsburg-based Group (Germany) develops intelligent filtration and separation solutions that enable cleaner mobility, cleaner air, cleaner water, and cleaner industry. The project will support the resilience of the local subsidiary in Ukraine, as well as capital expenditure in Poland, the Czech Republic and Bosnia & Herzegovina for the production of electric vehicle components and for energy efficiency, in line with MANN+HUMMEL's 'Carbon Zero' climate protection strategy.European Bank for Reconstruction and DevelopmentMANN AND HUMMEL HOLDING GMBHEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.35644PRAGUE50.08804 14.42076WARSAW52.22977 21.01178KYIV50.45466 30.523820000000MANN AND HUMMEL HOLDING GMBHPRIVATEPRIVATEPRIVATEA EUR 20m participation in an ESG-linked Schuldschein issuance by MANN+HUMMEL Holding GmbH, a leading global company in filtration technology. Under its two business units Transportation and Life Sciences & Environment, the Ludwigsburg-based Group (Germany) develops intelligent filtration and separation solutions that enable cleaner mobility, cleaner air, cleaner water, and cleaner industry. The project will support the resilience of the local subsidiary in Ukraine, as well as capital expenditure in Poland, the Czech Republic and Bosnia & Herzegovina for the production of electric vehicle components and for energy efficiency, in line with MANN+HUMMEL's 'Carbon Zero' climate protection strategy. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54492XI-IATI-EBRD-54793European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan to OTP Bank Serbia ("OTP"), in the amount of up to EUR 10 million, for on-lending to micro, small and medium enterprises in Serbia. The loan is envisaged under the Financial Intermediaries Framework ("FIF"). Proceeds of the Loan will be used for providing sub-loans to eligible SMEs in Serbia for improving their competitiveness and trade potential via targeted investments in sustainability practices and the adoption of internationally recognised quality standards, scaling up green economy investments and in particular, greening of agribusiness supply chains and promoting more equitable access to climate and other finance to women-led SMEs. The bank will aim to deliver at least 70% of the proceeds to Green Economy Transition (GET) eligible projects.European Bank for Reconstruction and DevelopmentOTP BANKA SRBIJA ADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGNOVI SAD45.25167 19.8369410000000OTP BANKA SRBIJA ADPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan to OTP Bank Serbia ("OTP"), in the amount of up to EUR 10 million, for on-lending to micro, small and medium enterprises in Serbia. The loan is envisaged under the Financial Intermediaries Framework ("FIF"). Proceeds of the Loan will be used for providing sub-loans to eligible SMEs in Serbia for improving their competitiveness and trade potential via targeted investments in sustainability practices and the adoption of internationally recognised quality standards, scaling up green economy investments and in particular, greening of agribusiness supply chains and promoting more equitable access to climate and other finance to women-led SMEs. The bank will aim to deliver at least 70% of the proceeds to Green Economy Transition (GET) eligible projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54793XI-IATI-EBRD-55513European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to €3 million to be provided in two tranches under the SME Go Green Programme, out of which the commitment of Tranche 2 of €1 million will be at sole discretion of the Bank. The proceeds of the Bank's investment will be used for financing small and medium-sized enterprises ("SMEs") which are compliant with the EU's SME definition and in accordance with the SME Go Green Policy Statement. 100% of financing is expected to be GET eligible. In addition, at least 33% of supported investments under the Programme are expected to be in the agribusiness value chain, and at least 25% of supported SMEs are expected to be women-led.European Bank for Reconstruction and DevelopmentNLB BANKA AD PODGORICAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPODGORICA42.44111 19.263615000002000000NLB BANKA AD PODGORICAPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to €3 million to be provided in two tranches under the SME Go Green Programme, out of which the commitment of Tranche 2 of €1 million will be at sole discretion of the Bank. The proceeds of the Bank's investment will be used for financing small and medium-sized enterprises ("SMEs") which are compliant with the EU's SME definition and in accordance with the SME Go Green Policy Statement. 100% of financing is expected to be GET eligible. In addition, at least 33% of supported investments under the Programme are expected to be in the agribusiness value chain, and at least 25% of supported SMEs are expected to be women-led. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55513XI-IATI-EBRD-53264European Bank for Reconstruction and DevelopmentThe provision of a senior unsecured loan to Intesa Leasing d.o.o. Beograd (ILS) in the amount of up to €5 million for on-lending to local small and medium-sized enterprises (SMEs) in Serbia through the SME Competitiveness Support Programme (SME-CSP) under the Financial Intermediary Framework (FIF). The Loan will support investments in micro, small and medium-sized enterprises in Serbia that will assist in improving competitiveness and compliance with technical and environmental standards in line with the EU directives. Up to 60 per cent of the loan proceeds are expected to be utilised for GET eligible investments.European Bank for Reconstruction and DevelopmentINTESA LEASING DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGNEW BELGRADE44.80556 20.424175000000INTESA LEASING DOOPRIVATEPRIVATEPRIVATEThe provision of a senior unsecured loan to Intesa Leasing d.o.o. Beograd (ILS) in the amount of up to €5 million for on-lending to local small and medium-sized enterprises (SMEs) in Serbia through the SME Competitiveness Support Programme (SME-CSP) under the Financial Intermediary Framework (FIF). The Loan will support investments in micro, small and medium-sized enterprises in Serbia that will assist in improving competitiveness and compliance with technical and environmental standards in line with the EU directives. Up to 60 per cent of the loan proceeds are expected to be utilised for GET eligible investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53264XI-IATI-EBRD-55417European Bank for Reconstruction and DevelopmentProvision of a senior loan of up to EUR 32.4 million to UAB Liepvita (the "Borrower", or the "Company"), to be provided alongside an equivalent loan from a parallel lender for the construction and operation of a multi-phase warehouse development project in Vilnius, Lithuania ("J55" or the "Project" ). The Loan will be provided in two tranches, a committed Tranche 1 totalling EUR 15.6 million (EBRD's portion EUR 7.8 million) for Phase 2 of the Project and an uncommitted Tranche 2 totalling EUR 16.8 million (EBRD's portion EUR 8.4 million) for Phases 3 and 4. The Project is being developed and managed by UAB Sirin Development (the "Sponsor" or "Sirin"), one of the largest regional real estate developers that operates in Lithuania and Latvia. The proceeds from the loan will be used to retroactively finance the phases of the completed and operational warehouse assets with a total GLA of ca. 66k sqm in Vilnius, Lithuania, thus supporting the development of A-class sustainable real estate in the country.European Bank for Reconstruction and DevelopmentLIEPVITA UABEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGVILNIUS54.68916 25.27987800000LIEPVITA UABPRIVATEPRIVATEPRIVATEProvision of a senior loan of up to EUR 32.4 million to UAB Liepvita (the "Borrower", or the "Company"), to be provided alongside an equivalent loan from a parallel lender for the construction and operation of a multi-phase warehouse development project in Vilnius, Lithuania ("J55" or the "Project" ). The Loan will be provided in two tranches, a committed Tranche 1 totalling EUR 15.6 million (EBRD's portion EUR 7.8 million) for Phase 2 of the Project and an uncommitted Tranche 2 totalling EUR 16.8 million (EBRD's portion EUR 8.4 million) for Phases 3 and 4. The Project is being developed and managed by UAB Sirin Development (the "Sponsor" or "Sirin"), one of the largest regional real estate developers that operates in Lithuania and Latvia. The proceeds from the loan will be used to retroactively finance the phases of the completed and operational warehouse assets with a total GLA of ca. 66k sqm in Vilnius, Lithuania, thus supporting the development of A-class sustainable real estate in the country. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55417XI-IATI-EBRD-56059European Bank for Reconstruction and DevelopmentProvision of an investment of up to MAD 400mn (EUR 38.4mn) to the Office National des Chemins de Fer ("ONCF"), Morocco's national integrated railway company. The investment will entail the Bank's subscription to a local currency senior secured Green Bond issued by ONCF for up to MAD 2 billion (c. EUR 192mn) through a public placement. The Bond will be aligned with the Land Transport Criteria of the Climate Bonds Standard as verified by a Second Party Opinion ("SPO") and certified by the Climate Bonds Standard Board. The Bond proceeds will be used to refinance a portion of ONCF's local outstanding commercial debt related to a series of prior investments targeting low carbon sustainable connectivity. The Bank's participation in Tranche A will be used to refinance debt linked to two projects under ONCF's investment programme: (i) the capacity increase through the construction of additional passenger and freight rail lines between the cities of Casablanca and Kenitra, and (ii) the acquisition and upgrade of electrified rolling stock. The investment will result in overall capital market development through supporting the second Green Bond in the sustainable infrastructure sector in Morocco.European Bank for Reconstruction and DevelopmentOFFICE NATIONAL DES CHEMINS DE FEREuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGRABAT34.01325 -6.8325537312538.31OFFICE NATIONAL DES CHEMINS DE FER37312538.31OFFICE NATIONAL DES CHEMINS DE FERSTATESTATESTATESTATEProvision of an investment of up to MAD 400mn (EUR 38.4mn) to the Office National des Chemins de Fer ("ONCF"), Morocco's national integrated railway company. The investment will entail the Bank's subscription to a local currency senior secured Green Bond issued by ONCF for up to MAD 2 billion (c. EUR 192mn) through a public placement. The Bond will be aligned with the Land Transport Criteria of the Climate Bonds Standard as verified by a Second Party Opinion ("SPO") and certified by the Climate Bonds Standard Board. The Bond proceeds will be used to refinance a portion of ONCF's local outstanding commercial debt related to a series of prior investments targeting low carbon sustainable connectivity. The Bank's participation in Tranche A will be used to refinance debt linked to two projects under ONCF's investment programme: (i) the capacity increase through the construction of additional passenger and freight rail lines between the cities of Casablanca and Kenitra, and (ii) the acquisition and upgrade of electrified rolling stock. The investment will result in overall capital market development through supporting the second Green Bond in the sustainable infrastructure sector in Morocco. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56059XI-IATI-EBRD-51894European Bank for Reconstruction and DevelopmentThe loan proceeds will be used to finance a part of the company's EUR 44.5 million investment in the expansion of its manufacturing capacity through an upgrade of the existing cardboard machine. The investment will result in: * Higher energy/resource efficiency of Umka's operations resulting in lower energy intensity of its operations per unit of product. * The increase in production scale and removal of bottlenecks will result in lower operating cost and higher competitiveness. * Environmental benefits since the company will invest in a contemporary waste water treatment system. * Increase in waste paper collection in Serbia and the Western Balkans thanks to Umka's post-project increase in waste paper recycling. * Introduction of new product category with higher profit margin as well as improvement of existing products' quality.European Bank for Reconstruction and DevelopmentUMKA DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGUMKA44.55028 20.6473610000000UMKA DOOPRIVATEPRIVATEPRIVATEThe loan proceeds will be used to finance a part of the company's EUR 44.5 million investment in the expansion of its manufacturing capacity through an upgrade of the existing cardboard machine. The investment will result in: * Higher energy/resource efficiency of Umka's operations resulting in lower energy intensity of its operations per unit of product. * The increase in production scale and removal of bottlenecks will result in lower operating cost and higher competitiveness. * Environmental benefits since the company will invest in a contemporary waste water treatment system. * Increase in waste paper collection in Serbia and the Western Balkans thanks to Umka's post-project increase in waste paper recycling. * Introduction of new product category with higher profit margin as well as improvement of existing products' quality. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51894XI-IATI-EBRD-53791European Bank for Reconstruction and DevelopmentEBRD to provide financing to HTEC doo Beograd ("HTEC" or the "Borrower") in the amount of up to EUR 55 million for: a) The acquisition of 100% stake in Mistral, an IT services and consulting group that operates in Bosnia and Herzegovina with sales offices in US and Netherlands; and b) Additionally, the financing extends to facilitate HTEC's pursuit of further acquisitions to foster its growth and expansion. EBRD to provide additional support to HTEC on its growth path through financing of new acquisitions, aimed to further improve HTEC's competitiveness and productivity and continued enhancement of its governance structures.European Bank for Reconstruction and DevelopmentHIGH TECH ENGINEERING CENTER DOO BEOGRADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651355000000HIGH TECH ENGINEERING CENTER DOO BEOGRADPRIVATEPRIVATEPRIVATEEBRD to provide financing to HTEC doo Beograd ("HTEC" or the "Borrower") in the amount of up to EUR 55 million for: a) The acquisition of 100% stake in Mistral, an IT services and consulting group that operates in Bosnia and Herzegovina with sales offices in US and Netherlands; and b) Additionally, the financing extends to facilitate HTEC's pursuit of further acquisitions to foster its growth and expansion. EBRD to provide additional support to HTEC on its growth path through financing of new acquisitions, aimed to further improve HTEC's competitiveness and productivity and continued enhancement of its governance structures. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53791XI-IATI-EBRD-56871European Bank for Reconstruction and DevelopmentThe provision of a senior secured loan of up to EUR 3 million to be provided to ABBL under the FIF - Go Digital in the Western Balkans Programme. The transaction will support the aim of the Programme to: (i) advance innovation and competitiveness of the private sector via targeted investments among SMEs for a higher utilisation of digitalisation and automation technologies; (ii) support transition to green economy ("GET technologies"); (iii) increase the capacity and trade potential of SMEs via increased access to finance to allow them to invest additional resources to introduce EU standards; and (iv) promote more equitable access to finance for automation and digitalisation investments for women-led SMEs, and improve the competitiveness and sustainability of end-benecifiaries business operations. In addition, it will facilitate the launch of a Regional Training Academy, equipping MSMEs with business competencies emphasising resilience, growth and regional cooperationEuropean Bank for Reconstruction and DevelopmentADDIKO BANK AD BANJA LUKAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBANJA LUKA44.77842 17.193863000000ADDIKO BANK AD BANJA LUKAPRIVATEPRIVATEPRIVATEThe provision of a senior secured loan of up to EUR 3 million to be provided to ABBL under the FIF - Go Digital in the Western Balkans Programme. The transaction will support the aim of the Programme to: (i) advance innovation and competitiveness of the private sector via targeted investments among SMEs for a higher utilisation of digitalisation and automation technologies; (ii) support transition to green economy ("GET technologies"); (iii) increase the capacity and trade potential of SMEs via increased access to finance to allow them to invest additional resources to introduce EU standards; and (iv) promote more equitable access to finance for automation and digitalisation investments for women-led SMEs, and improve the competitiveness and sustainability of end-benecifiaries business operations. In addition, it will facilitate the launch of a Regional Training Academy, equipping MSMEs with business competencies emphasising resilience, growth and regional cooperation For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56871XI-IATI-EBRD-57381European Bank for Reconstruction and DevelopmentThe provision of a senior secured loan of up to €10 million to be provided to UniCredit Bank d.d. under the FIF - Go Digital in the Western Balkans Programme. The transaction will support the aim of the Programme to: (i) advance innovation and competitiveness of the private sector via targeted investments among SMEs for a higher utilisation of digitalisation and automation technologies; (ii) support transition to green economy ("GET technologies"); (iii) increase the capacity and trade potential of SMEs via increased access to finance to allow them to invest additional resources to introduce EU standards; and (iv) promote more equitable access to finance for automation and digitalisation investments for women-led SMEs, and improve the competitiveness and sustainability of end-beneficiaries' business operations. In addition, it will facilitate the launch of a Regional Training Academy, equipping MSMEs with business competencies emphasising resilience, growth, and regional cooperation.European Bank for Reconstruction and DevelopmentUNICREDIT BANK DDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGMOSTAR43.34333 17.808061000000010000000UNICREDIT BANK DDPRIVATEPRIVATEPRIVATEThe provision of a senior secured loan of up to €10 million to be provided to UniCredit Bank d.d. under the FIF - Go Digital in the Western Balkans Programme. The transaction will support the aim of the Programme to: (i) advance innovation and competitiveness of the private sector via targeted investments among SMEs for a higher utilisation of digitalisation and automation technologies; (ii) support transition to green economy ("GET technologies"); (iii) increase the capacity and trade potential of SMEs via increased access to finance to allow them to invest additional resources to introduce EU standards; and (iv) promote more equitable access to finance for automation and digitalisation investments for women-led SMEs, and improve the competitiveness and sustainability of end-beneficiaries' business operations. In addition, it will facilitate the launch of a Regional Training Academy, equipping MSMEs with business competencies emphasising resilience, growth, and regional cooperation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57381XI-IATI-EBRD-50311European Bank for Reconstruction and DevelopmentA long-term loan of up to EUR 150 million (or the equivalent in TRY) to Arcelik A.S. (the "Company"), a Turkish company engaged in production, sales and aftersales services of consumer durable goods and consumer electronics, to finance energy and resource efficiency investments at the Company's refrigerator plant in Eskisehir and washing machine plant in Cayirova, as well as the planned investment in a new R&D technology centre in Istanbul. The Project is in line with EBRD's Strategy for Turkey as it supports (i) competitiveness of Arcelik and the consumer durables industry overall through financing R&D investments and new product development; and (ii) the energy and resource efficiency improvements both at the production facility and at the consumer level. The Project is also aligned with the EBRD's Green Economy Transition (GET) Approach given the associated CO2 emission savings.European Bank for Reconstruction and DevelopmentARCELIK ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGESKISEHIR39.77667 30.5205611820583.36ARCELIK ASPRIVATEPRIVATEPRIVATEA long-term loan of up to EUR 150 million (or the equivalent in TRY) to Arcelik A.S. (the "Company"), a Turkish company engaged in production, sales and aftersales services of consumer durable goods and consumer electronics, to finance energy and resource efficiency investments at the Company's refrigerator plant in Eskisehir and washing machine plant in Cayirova, as well as the planned investment in a new R&D technology centre in Istanbul. The Project is in line with EBRD's Strategy for Turkey as it supports (i) competitiveness of Arcelik and the consumer durables industry overall through financing R&D investments and new product development; and (ii) the energy and resource efficiency improvements both at the production facility and at the consumer level. The Project is also aligned with the EBRD's Green Economy Transition (GET) Approach given the associated CO2 emission savings. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50311XI-IATI-EBRD-56703European Bank for Reconstruction and DevelopmentProvision of USD 70 million working capital facility to be used for sourcing of raw cashew nuts and other agriculture commodities in Cote d'Ivoire and Nigeria. The proposed financing will enable the sponsor's subsidiaries in Cote d'Ivoire and Nigeria to increase sourcing of cashew nuts and other agricultural commodities, for further processing and export to global markets.European Bank for Reconstruction and DevelopmentROBUST INTERNATIONAL PTE LTDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGABIDJAN5.35444 -4.00167ABUJA9.05785 7.4950861279873.94ROBUST INTERNATIONAL PTE LTDPRIVATEPRIVATEPRIVATEProvision of USD 70 million working capital facility to be used for sourcing of raw cashew nuts and other agriculture commodities in Cote d'Ivoire and Nigeria. The proposed financing will enable the sponsor's subsidiaries in Cote d'Ivoire and Nigeria to increase sourcing of cashew nuts and other agricultural commodities, for further processing and export to global markets. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56703XI-IATI-EBRD-53391European Bank for Reconstruction and DevelopmentProvision of EUR 7.5m senior loan for financing the company's working capital needs, as well as research and development (R&D) and production capital expenditures. The key objective of the Project is to support the company's growth via the expansion of production and R&D capacities and working capital financing.European Bank for Reconstruction and DevelopmentMAY AGRO TOHUMCULUK SANAYI VE TICARET ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBURSA40.19559 29.060135188289.28MAY AGRO TOHUMCULUK SANAYI VE TICARET ASPRIVATEPRIVATEPRIVATEProvision of EUR 7.5m senior loan for financing the company's working capital needs, as well as research and development (R&D) and production capital expenditures. The key objective of the Project is to support the company's growth via the expansion of production and R&D capacities and working capital financing. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53391XI-IATI-EBRD-56008European Bank for Reconstruction and DevelopmentAn equity commitment of up to EUR 40 million in favour of Templeton Türkiye Fund II (the "Fund"). The general partner of the Fund will be Templeton Türkiye Fund GP SARL (the "General Partner"), incorporated in Luxembourg. The Fund will be managed by Templeton Asset Management Limited (the "Fund Manager"), incorporated under the laws of Singapore. The Fund will seek to make significant minority investments in fast growing mid-cap companies predominantly in Türkiye.European Bank for Reconstruction and DevelopmentTEMPLETON TURKEY FUND II LPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANKARA39.91987 32.8542735017070.8235017070.82TEMPLETON TURKEY FUND II LPPRIVATEPRIVATEPRIVATEAn equity commitment of up to EUR 40 million in favour of Templeton Türkiye Fund II (the "Fund"). The general partner of the Fund will be Templeton Türkiye Fund GP SARL (the "General Partner"), incorporated in Luxembourg. The Fund will be managed by Templeton Asset Management Limited (the "Fund Manager"), incorporated under the laws of Singapore. The Fund will seek to make significant minority investments in fast growing mid-cap companies predominantly in Türkiye. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56008XI-IATI-EBRD-53640European Bank for Reconstruction and DevelopmentSenior unsecured loan to RLK in the amount of up to €3 million for on-lending to local small and medium-sized enterprises (SMEs) in Kosovo through the SME Competitiveness Support Programme (SME CSP). The Loan will support investments in micro, small and medium-sized enterprises in Kosovo that will assist in improving competitiveness and compliance with technical and environmental standards in line with the EU directives. At least 60 per cent of the loan proceeds are expected to be utilised for GET eligible investments.European Bank for Reconstruction and DevelopmentRAIFFEISEN LEASING KOSOVO LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRISTINA42.67272 21.166883000000RAIFFEISEN LEASING KOSOVO LLCPRIVATEPRIVATEPRIVATESenior unsecured loan to RLK in the amount of up to €3 million for on-lending to local small and medium-sized enterprises (SMEs) in Kosovo through the SME Competitiveness Support Programme (SME CSP). The Loan will support investments in micro, small and medium-sized enterprises in Kosovo that will assist in improving competitiveness and compliance with technical and environmental standards in line with the EU directives. At least 60 per cent of the loan proceeds are expected to be utilised for GET eligible investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53640XI-IATI-EBRD-52335European Bank for Reconstruction and DevelopmentProvision of a sovereign guaranteed loan of up to EUR 100 million in favour of Autoroutes du Maroc ("ADM" or "the Company") to address the urgent need for liquidity support of the Company, a Moroccan State-Owned Enterprise (SOE) providing vital infrastructure services, following the unprecedented economic impacts of the COVID-19 crisis. The proposed transaction is in line with the Vital Infrastructure Support Programme (VISP) under the Bank's COVID-19 Solidarity Package. The goal of the Project is to help this SOE meet short-term obligations in order to enable essential operations and services to continue uninterrupted despite the financial stress of the COVID-19 crisis.European Bank for Reconstruction and DevelopmentSOCIETE NATIONALE DES AUTOROUTES DU MAROCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGRABAT34.01325 -6.83255100000000SOCIETE NATIONALE DES AUTOROUTES DU MAROC1000000SOCIETE NATIONALE DES AUTOROUTES DU MAROC50000000SOCIETE NATIONALE DES AUTOROUTES DU MAROC6124980.24SOCIETE NATIONALE DES AUTOROUTES DU MAROC6096346.14SOCIETE NATIONALE DES AUTOROUTES DU MAROC7226950.58SOCIETE NATIONALE DES AUTOROUTES DU MAROC3512754.3SOCIETE NATIONALE DES AUTOROUTES DU MAROC47330.66SOCIETE NATIONALE DES AUTOROUTES DU MAROC7529979.01SOCIETE NATIONALE DES AUTOROUTES DU MAROC9052680.86SOCIETE NATIONALE DES AUTOROUTES DU MAROC9408978.21SOCIETE NATIONALE DES AUTOROUTES DU MAROCSTATESTATESTATESTATEProvision of a sovereign guaranteed loan of up to EUR 100 million in favour of Autoroutes du Maroc ("ADM" or "the Company") to address the urgent need for liquidity support of the Company, a Moroccan State-Owned Enterprise (SOE) providing vital infrastructure services, following the unprecedented economic impacts of the COVID-19 crisis. The proposed transaction is in line with the Vital Infrastructure Support Programme (VISP) under the Bank's COVID-19 Solidarity Package. The goal of the Project is to help this SOE meet short-term obligations in order to enable essential operations and services to continue uninterrupted despite the financial stress of the COVID-19 crisis. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52335XI-IATI-EBRD-52376European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan to Kuwait Finance House bank Egypt ("KFHE") of up to USD 12 million (EBRD financing of USD 9 million and GCF co-financing of up to USD 3 million) for on-lending to private small and medium-sized enterprises ("SMEs") within certain value chains for capex investments in climate change mitigation and adaptation technologies and services. The proceeds of the loan will be on-lent to private SMEs within certain value chains (in such sectors as agribusiness, manufacturing and services, and information and communication technologies ("ICT")) for capex investments in climate change mitigation and adaptation technologies and services.European Bank for Reconstruction and DevelopmentKUWAIT FINANCE HOUSE BANK EGYPT SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.249671313140.16KUWAIT FINANCE HOUSE BANK EGYPT SAEPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan to Kuwait Finance House bank Egypt ("KFHE") of up to USD 12 million (EBRD financing of USD 9 million and GCF co-financing of up to USD 3 million) for on-lending to private small and medium-sized enterprises ("SMEs") within certain value chains for capex investments in climate change mitigation and adaptation technologies and services. The proceeds of the loan will be on-lent to private SMEs within certain value chains (in such sectors as agribusiness, manufacturing and services, and information and communication technologies ("ICT")) for capex investments in climate change mitigation and adaptation technologies and services. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52376XI-IATI-EBRD-54940European Bank for Reconstruction and DevelopmentProvision of a secured loan of up to EUR 40 million to Vilniaus Viesasis Transportas ("VVT"), a transport company owned by the City of Vilnius (the "City"). The proceeds of the loan will be used to finance the purchase of up to 73 new articulated IMC trolleybuses and up to 71 standard battery / electricity powered buses, to renew part of VVT's ageing fleet. The Project is part of the Green Cities Window 2 Framework ("GrCF2 W2 Framework") and a continuation of the City's implementation of the developed Green City Action Plan ("GCAP"), through which the City identified, and is currently prioritising, its most pressing environmental challenges with targeted investments and policy actions to address them. By improving the quality and reliability of trolleybuses and electric buses, the Project is expected to improve the attractiveness and increase the ridership of Vilnius' public transport, and therefore to encourage a modal shift towards low-emission, electric transport modes. The Project is expected to result in reduced emissions and enhanced energy efficiency. The Project is part of the City's GCAP to achieve sustainable mobility in Vilnius, which aims to make public transport the backbone of transport in Vilnius by ensuring quick and safe transport within the city and by increasing connectivity between the city and peripheral areas through public transport service.European Bank for Reconstruction and DevelopmentVILNIAUS VIESASIS TRANSPORTAS UABEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGVILNIUS54.68916 25.27982481934429200000VILNIAUS VIESASIS TRANSPORTAS UAB4207792.1VILNIAUS VIESASIS TRANSPORTAS UAB172863.9VILNIAUS VIESASIS TRANSPORTAS UABSTATESTATESTATESTATEProvision of a secured loan of up to EUR 40 million to Vilniaus Viesasis Transportas ("VVT"), a transport company owned by the City of Vilnius (the "City"). The proceeds of the loan will be used to finance the purchase of up to 73 new articulated IMC trolleybuses and up to 71 standard battery / electricity powered buses, to renew part of VVT's ageing fleet. The Project is part of the Green Cities Window 2 Framework ("GrCF2 W2 Framework") and a continuation of the City's implementation of the developed Green City Action Plan ("GCAP"), through which the City identified, and is currently prioritising, its most pressing environmental challenges with targeted investments and policy actions to address them. By improving the quality and reliability of trolleybuses and electric buses, the Project is expected to improve the attractiveness and increase the ridership of Vilnius' public transport, and therefore to encourage a modal shift towards low-emission, electric transport modes. The Project is expected to result in reduced emissions and enhanced energy efficiency. The Project is part of the City's GCAP to achieve sustainable mobility in Vilnius, which aims to make public transport the backbone of transport in Vilnius by ensuring quick and safe transport within the city and by increasing connectivity between the city and peripheral areas through public transport service. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54940XI-IATI-EBRD-49988European Bank for Reconstruction and DevelopmentAn equity investment in Change Ventures Fund II (the "Fund"), a venture capital fund investing in technology or technology enabled early-stage enterprises primarily active in the Baltic countries of Estonia, Latvia and Lithuania. The project will form part of the Bank's Early-Stage Innovation Facility ("ESIF"), a EUR 100 million facility through which the EBRD selectively invests in commercially-oriented early-stage venture capital funds. The Fund will seek to achieve long-term capital growth by making equity and quasi-equity investments in early-stage enterprises.European Bank for Reconstruction and DevelopmentCHANGE VENTURES FUND II USALDUSFONDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTALLINN59.43696 24.75353VILNIUS54.68916 25.2798RIGA56.946 24.10589502674.68000000CHANGE VENTURES FUND II USALDUSFONDPRIVATEPRIVATEPRIVATEAn equity investment in Change Ventures Fund II (the "Fund"), a venture capital fund investing in technology or technology enabled early-stage enterprises primarily active in the Baltic countries of Estonia, Latvia and Lithuania. The project will form part of the Bank's Early-Stage Innovation Facility ("ESIF"), a EUR 100 million facility through which the EBRD selectively invests in commercially-oriented early-stage venture capital funds. The Fund will seek to achieve long-term capital growth by making equity and quasi-equity investments in early-stage enterprises. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49988XI-IATI-EBRD-53836European Bank for Reconstruction and DevelopmentEBRD invested EUR 50 million in senior preferred bonds placed by PKO BP S.A. Powszechna Kasa Oszczednosci Bank Polski S.A. (PKO BP, or the Issuer) as part of a EUR 750 million inaugural bail-an-able issuance to be listed on the Luxemburg and Warsaw Stock Exchanges. The bonds have a 3-year remaining maturity with a call option in 2-years. The project supports the resilience and regulatory compliance of PKO BP, a systemically important institution in Poland, building resilience to market shocks by contributing to the gradual build-up of its loss absorption capacity in the form of eligible bail-in-able instruments. The project also delivers on the Bank's green agenda and national green economy priorities for Poland.European Bank for Reconstruction and DevelopmentPKO BP SA POWSZECHNA KASA OSZCZEDNOSCI BANK POLSKIEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.01178151410659.71PKO BP SA POWSZECHNA KASA OSZCZEDNOSCI BANK POLSKIPRIVATEPRIVATEPRIVATEEBRD invested EUR 50 million in senior preferred bonds placed by PKO BP S.A. Powszechna Kasa Oszczednosci Bank Polski S.A. (PKO BP, or the Issuer) as part of a EUR 750 million inaugural bail-an-able issuance to be listed on the Luxemburg and Warsaw Stock Exchanges. The bonds have a 3-year remaining maturity with a call option in 2-years. The project supports the resilience and regulatory compliance of PKO BP, a systemically important institution in Poland, building resilience to market shocks by contributing to the gradual build-up of its loss absorption capacity in the form of eligible bail-in-able instruments. The project also delivers on the Bank's green agenda and national green economy priorities for Poland. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53836XI-IATI-EBRD-50165European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan in the amount of up to USD 6 million equivalent in local currency to Converse Bank for on-lending to local private micro, small and medium enterprises ("MSMEs"). The Project will assist Converse Bank in mobilising external funds in local currency which will help to diversify the bank's funding base and expand local currency lending to private MSMEs in Armenia. It will promote local currency lending in Armenia thus supporting de-dollarization of the economy as well as fostering a more stable financial environment.European Bank for Reconstruction and DevelopmentCONVERSE BANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYEREVAN40.18111 44.513617059938.62CONVERSE BANK CJSCPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan in the amount of up to USD 6 million equivalent in local currency to Converse Bank for on-lending to local private micro, small and medium enterprises ("MSMEs"). The Project will assist Converse Bank in mobilising external funds in local currency which will help to diversify the bank's funding base and expand local currency lending to private MSMEs in Armenia. It will promote local currency lending in Armenia thus supporting de-dollarization of the economy as well as fostering a more stable financial environment. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50165XI-IATI-EBRD-50111European Bank for Reconstruction and DevelopmentA participation in the Initial Public Offering (IPO) of the Port of Tallinn on the Nasdaq Tallinn Stock Exchange. The Project will support improved transparency and efficiency of the issuer and development of the local capital market.European Bank for Reconstruction and DevelopmentTALLINNA SADAM ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTALLINN59.43696 24.7535312716000TALLINNA SADAM ASPRIVATEPRIVATEPRIVATEA participation in the Initial Public Offering (IPO) of the Port of Tallinn on the Nasdaq Tallinn Stock Exchange. The Project will support improved transparency and efficiency of the issuer and development of the local capital market. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50111XI-IATI-EBRD-47201European Bank for Reconstruction and DevelopmentThe EBRD is providing a PLN 150 million (ca. EUR 37 million) senior unsecured loan to the Polish leading chemical company Grupa Azoty as part of a PLN 2.2 billion (ca. EUR 537 million) financing package. The investment will enable the Company to conduct its planned core investments into efficiency improvements and capacity expansion, in particular focusing on improved energy, resource and operating efficiency. The investments will also support the Company's expansion with new products to be introduced as a result of the Group's R&D activities.European Bank for Reconstruction and DevelopmentGRUPA AZOTY SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTARNOW50.01381 20.986980.0134900733.01GRUPA AZOTY SAPRIVATEPRIVATEPRIVATEThe EBRD is providing a PLN 150 million (ca. EUR 37 million) senior unsecured loan to the Polish leading chemical company Grupa Azoty as part of a PLN 2.2 billion (ca. EUR 537 million) financing package. The investment will enable the Company to conduct its planned core investments into efficiency improvements and capacity expansion, in particular focusing on improved energy, resource and operating efficiency. The investments will also support the Company's expansion with new products to be introduced as a result of the Group's R&D activities. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47201XI-IATI-EBRD-56041European Bank for Reconstruction and DevelopmentThe European Bank for Reconstruction and Development ("EBRD") invested in a 5-year senior unsecured PLN denominated bond issued by P4 Sp. z o.o. ("Play"), a leading Polish mobile telecom operator. EBRD has subscribed with PLN 125 million to the inaugural Green Bond of Play with the total issuance size of PLN 700m, which will support green capex eligible under the Green Financing Framework of Play's parent entity, Iliad S.A.European Bank for Reconstruction and DevelopmentP4 SP ZOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.0117870964823.78P4 SP ZOOPRIVATEPRIVATEPRIVATEThe European Bank for Reconstruction and Development ("EBRD") invested in a 5-year senior unsecured PLN denominated bond issued by P4 Sp. z o.o. ("Play"), a leading Polish mobile telecom operator. EBRD has subscribed with PLN 125 million to the inaugural Green Bond of Play with the total issuance size of PLN 700m, which will support green capex eligible under the Green Financing Framework of Play's parent entity, Iliad S.A. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56041XI-IATI-EBRD-53660European Bank for Reconstruction and DevelopmentThe EBRD is considering providing a senior unsecured loan of up to € 35 million to Crnogorski Elektrodistributivni Sistem DOO ("CEDIS" or the "Company"). The proceeds of the EBRD financing will be used to finance the acquiring and implementation of SCADA/ADMS system and new smart meters procurement. The loan consists of two tranches: 1) € 25 million, allocated as € 15 million for Phase I of SCADA/ADMS implementation and € 10 million for the procurement of new smart meters, and 2) € 10 million earmarked for Phase II of the SCADA/ADMS implementation. The implementation of the Project will introduce SCADA and ADMS systems (Supervisory Control and Data Acquisition, and Advanced Distribution Management System) and support the procurement of new smart meters in the distribution system operator. The Project will reduce technical losses by 10-30 per cent, reduce the energy outages of the grid by approx. six times, allow integration of new renewable energy sources (RES) into the grid, and increase the cyber security level, among other benefits. The replacement of CEDIS's legacy distribution management system will finally result in an improved quality of life for the population, and an optimisation of the Company's operations. The Project will also further support the roll out of smart meters in line with EU and Energy Community standards.European Bank for Reconstruction and DevelopmentCRNOGORSKI ELEKTRODISTRIBUTIVNI SISTEM DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPODGORICA42.44111 19.263612500000025000000CRNOGORSKI ELEKTRODISTRIBUTIVNI SISTEM DOOSTATESTATESTATESTATEThe EBRD is considering providing a senior unsecured loan of up to € 35 million to Crnogorski Elektrodistributivni Sistem DOO ("CEDIS" or the "Company"). The proceeds of the EBRD financing will be used to finance the acquiring and implementation of SCADA/ADMS system and new smart meters procurement. The loan consists of two tranches: 1) € 25 million, allocated as € 15 million for Phase I of SCADA/ADMS implementation and € 10 million for the procurement of new smart meters, and 2) € 10 million earmarked for Phase II of the SCADA/ADMS implementation. The implementation of the Project will introduce SCADA and ADMS systems (Supervisory Control and Data Acquisition, and Advanced Distribution Management System) and support the procurement of new smart meters in the distribution system operator. The Project will reduce technical losses by 10-30 per cent, reduce the energy outages of the grid by approx. six times, allow integration of new renewable energy sources (RES) into the grid, and increase the cyber security level, among other benefits. The replacement of CEDIS's legacy distribution management system will finally result in an improved quality of life for the population, and an optimisation of the Company's operations. The Project will also further support the roll out of smart meters in line with EU and Energy Community standards. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53660XI-IATI-EBRD-48296European Bank for Reconstruction and DevelopmentA loan of up to RON 67.5 million (equivalent EUR 15.0 million) to the City of Iasi for the acquisition of 50 new buses with low carbon emissions which comply with the European Commission's Euro 6 legislation on diesel engine emissions. The project aims to improve the daily mobility of citizens and reduce pollution caused by traffic congestion, in line with the city's Sustainable Urban Mobility Plan, focusing on the modernisation of its public transport system.European Bank for Reconstruction and DevelopmentCITY OF IASIEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGIASI47.16667 27.612884027.53CITY OF IASI2576805.51CITY OF IASI1410349.72CITY OF IASI1057762.29CITY OF IASI1175291.44CITY OF IASI1410349.72CITY OF IASI2654512.68CITY OF IASI227068.28CITY OF IASI1175291.44CITY OF IASI1196596.46CITY OF IASISTATESTATESTATESTATEA loan of up to RON 67.5 million (equivalent EUR 15.0 million) to the City of Iasi for the acquisition of 50 new buses with low carbon emissions which comply with the European Commission's Euro 6 legislation on diesel engine emissions. The project aims to improve the daily mobility of citizens and reduce pollution caused by traffic congestion, in line with the city's Sustainable Urban Mobility Plan, focusing on the modernisation of its public transport system. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48296XI-IATI-EBRD-49366European Bank for Reconstruction and DevelopmentA €10 million loan to the City of Varna (City) to finance integrated infrastructure investments. The project falls under the Green Cities Framework (GrCF) and is part of a broader programme for improving the urban infrastructure of the City, jointly financed by the European Structural and Investment Funds via Operational Programme Regions in Growth 2014-2020. Rehabilitation of key segments of the water and waste infrastructure in Varna, strengthening the city's climate resilience and improving resource efficiency. Procurement of vehicles for on street parking control.European Bank for Reconstruction and DevelopmentMUNICIPALITY OF VARNAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGVARNA43.21667 27.9166710160615MUNICIPALITY OF VARNA1549531.63MUNICIPALITY OF VARNA1474132.72MUNICIPALITY OF VARNA1040839.63MUNICIPALITY OF VARNA3698391.99MUNICIPALITY OF VARNA563013.01MUNICIPALITY OF VARNA235819.39MUNICIPALITY OF VARNA261274.24MUNICIPALITY OF VARNASTATESTATESTATESTATEA €10 million loan to the City of Varna (City) to finance integrated infrastructure investments. The project falls under the Green Cities Framework (GrCF) and is part of a broader programme for improving the urban infrastructure of the City, jointly financed by the European Structural and Investment Funds via Operational Programme Regions in Growth 2014-2020. Rehabilitation of key segments of the water and waste infrastructure in Varna, strengthening the city's climate resilience and improving resource efficiency. Procurement of vehicles for on street parking control. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49366XI-IATI-EBRD-54323European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to EUR 3.0 million to be provided in two equal tranches to UB under the Western Balkans GEFF III - REpower Residential Framework ("GEFF III" or the "Framework"). The second tranche will be uncommitted. The loan is intended to provide sub-loans to help finance investments in high-performance energy efficiency technologies, materials and solutions undertaken in or in relation to privately owned residential dwellings or buildings, construction of GET-eligible High energy Performance Residential Buildings (HPRBs) and eligible Energy Efficiency and/or Renewable Energy projects in the Public Sector. 100% of the use of proceeds will be related to investments eligible under the EBRD's Green Economy Transition ("GET") approach.European Bank for Reconstruction and DevelopmentUNION BANK SHAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTIRANA41.3275 19.818893000000UNION BANK SHAPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to EUR 3.0 million to be provided in two equal tranches to UB under the Western Balkans GEFF III - REpower Residential Framework ("GEFF III" or the "Framework"). The second tranche will be uncommitted. The loan is intended to provide sub-loans to help finance investments in high-performance energy efficiency technologies, materials and solutions undertaken in or in relation to privately owned residential dwellings or buildings, construction of GET-eligible High energy Performance Residential Buildings (HPRBs) and eligible Energy Efficiency and/or Renewable Energy projects in the Public Sector. 100% of the use of proceeds will be related to investments eligible under the EBRD's Green Economy Transition ("GET") approach. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54323XI-IATI-EBRD-50744European Bank for Reconstruction and DevelopmentA facility under the Trade Facilitation Programme (TFP) for PJSC "Ukrgasbank" ("UGB"), Ukraine. The project will provide support for international and intra-regional trade development in Ukraine. It will be channelled through one of the largest banks in Ukraine to broaden access of companies to trade finance instruments and expand the range of available trade finance products. The project will increase UGB's competitiveness and future investment value through improved business diversity and implementation of good business practices and standards.European Bank for Reconstruction and DevelopmentUKRGASBANK JSBEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.5238128956113.921465532395.93UKRGASBANK JSBPRIVATEPRIVATEPRIVATEA facility under the Trade Facilitation Programme (TFP) for PJSC "Ukrgasbank" ("UGB"), Ukraine. The project will provide support for international and intra-regional trade development in Ukraine. It will be channelled through one of the largest banks in Ukraine to broaden access of companies to trade finance instruments and expand the range of available trade finance products. The project will increase UGB's competitiveness and future investment value through improved business diversity and implementation of good business practices and standards. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50744XI-IATI-EBRD-57074European Bank for Reconstruction and DevelopmentProvision of a senior corporate loan of USD 30 million to Polynickel West Africa Holding B.V. ("Polynickel") to convert its temporary bridge loan into a long-term syndicated facility, used to finance the acquisition of a majority stake in Compagnie Miniere du Bafing S.A. ("CMB"), a leading nickel mining company in Côte d'Ivoire (the "Project"). The Project is sponsored by the parent company, CoreX Holding B.V. ("CoreX" or "Parent"). The EBRD loan forms part of a USD 180 million syndicated facility, provided alongside FirstRand Bank Limited, acting through its Rand Merchant Bank ("RMB") division, Absa Bank Limited ("Absa"), Mauritius Commercial Bank Limited ("MCB"), and Abu Dhabi Commercial Bank PJSC ("ADCB"). The Project will support the efficient and environmentally responsible operation of a high-quality nickel mine under CoreX's ownership, while CMB will benefit from CoreX's managerial and technical expertise in terms of operational optimisation and transfer of skills. The Bank's participation will support CMB and its broader network of contractors to embed robust environmental and social ("E&S") standards that exceed prevailing market practices.European Bank for Reconstruction and DevelopmentPOLYNICKEL WEST AFRICA BVEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGABIDJAN5.35444 -4.0016726262803.12POLYNICKEL WEST AFRICA BVPRIVATEPRIVATEPRIVATEProvision of a senior corporate loan of USD 30 million to Polynickel West Africa Holding B.V. ("Polynickel") to convert its temporary bridge loan into a long-term syndicated facility, used to finance the acquisition of a majority stake in Compagnie Miniere du Bafing S.A. ("CMB"), a leading nickel mining company in Côte d'Ivoire (the "Project"). The Project is sponsored by the parent company, CoreX Holding B.V. ("CoreX" or "Parent"). The EBRD loan forms part of a USD 180 million syndicated facility, provided alongside FirstRand Bank Limited, acting through its Rand Merchant Bank ("RMB") division, Absa Bank Limited ("Absa"), Mauritius Commercial Bank Limited ("MCB"), and Abu Dhabi Commercial Bank PJSC ("ADCB"). The Project will support the efficient and environmentally responsible operation of a high-quality nickel mine under CoreX's ownership, while CMB will benefit from CoreX's managerial and technical expertise in terms of operational optimisation and transfer of skills. The Bank's participation will support CMB and its broader network of contractors to embed robust environmental and social ("E&S") standards that exceed prevailing market practices. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57074XI-IATI-EBRD-48535European Bank for Reconstruction and DevelopmentThe EBRD is financing a hospital infrastructure PPP project involving the design, construction, equipping, financing, and maintenance of an integrated health campus in Bursa, Turkey, pursuant to a 28-year concession awarded by Turkey's Ministry of Health ("MoH"). Under this PPP structure, the concessionaire will supply and maintain the hospital facilities, while the provision of medical care and services will remain the responsibility of the MoH. Total project costs are estimated at around EUR 513 million. Bursa Hospital PPP campus will comprise three buildings with a total bed capacity of 1,355: a general hospital (275 beds), cardiology (275 beds), oncology (252 beds), maternity/paediatric (253 beds), physical therapy and rehabilitation (200 beds), and high security forensic psychiatric (100 beds). The EBRD will assist in increasing private sector participation in the hospital infrastructure sector in Turkey. In response to the need for large capacity investments in healthcare systems, the government is seeking to tap private sector resources and know-how to construct and manage infrastructure related facilities more rapidly and more efficiently, while medical service provision remains under the responsibility of the state. The consortium of sponsors includes Ronesans Saglik Yatirim A.S., Meridiam Infrastructure Eastern Europe S.a.r.l., Sila Consulting Medical Services, Sam Engineering and TTT Saglik Hizmetleri A.S. who are active across various hospital PPPs in Turkey, including the Adana and Elazig campuses.European Bank for Reconstruction and DevelopmentBRS SAGLIK YATIRIM ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBURSA40.19559 29.0601355000000BRS SAGLIK YATIRIM ASPRIVATEPRIVATEPRIVATEThe EBRD is financing a hospital infrastructure PPP project involving the design, construction, equipping, financing, and maintenance of an integrated health campus in Bursa, Turkey, pursuant to a 28-year concession awarded by Turkey's Ministry of Health ("MoH"). Under this PPP structure, the concessionaire will supply and maintain the hospital facilities, while the provision of medical care and services will remain the responsibility of the MoH. Total project costs are estimated at around EUR 513 million. Bursa Hospital PPP campus will comprise three buildings with a total bed capacity of 1,355: a general hospital (275 beds), cardiology (275 beds), oncology (252 beds), maternity/paediatric (253 beds), physical therapy and rehabilitation (200 beds), and high security forensic psychiatric (100 beds). The EBRD will assist in increasing private sector participation in the hospital infrastructure sector in Turkey. In response to the need for large capacity investments in healthcare systems, the government is seeking to tap private sector resources and know-how to construct and manage infrastructure related facilities more rapidly and more efficiently, while medical service provision remains under the responsibility of the state. The consortium of sponsors includes Ronesans Saglik Yatirim A.S., Meridiam Infrastructure Eastern Europe S.a.r.l., Sila Consulting Medical Services, Sam Engineering and TTT Saglik Hizmetleri A.S. who are active across various hospital PPPs in Turkey, including the Adana and Elazig campuses. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48535XI-IATI-EBRD-53796European Bank for Reconstruction and DevelopmentThe EBRD has provided USD 143.25 million financing to DenizBank A.S. ("DenizBank") under DenizBank's existing Diversified Payment Rights ("DPR") programme. The proceeds of the financing are split as follows: USD 88.25 million under the Green Economy Financing Facility ("GEFF"), of which USD 5.75m co-financed by the Clean Technology Fund ("CTF", Project ID: 53796), USD 27.5 million under the Women in Business II ("TurWiB II", Project ID: 54141) and USD 27.5 million under the Disaster Response Framework ("DRF", Project ID: 54515), ("The Project"). The Project will enable DenizBank to access long-term funding and diversify its funding sources. Under GEFF, The Project aims to support green economy investments including among others energy efficiency, renewable energy and climate resilience measures. Funds may also be on-lent to vendors and producers of eligible material and equipment covered by the Green Technology Selector for Turkiye. Cooperation will also be sought with DenizBank and sub-borrowers on the mainstreaming of corporate climate governance ("CCG") and gender-responsive on-lending and better integration of climate change and gender equality considerations into DenizBank's lending strategies and practices. The loans will be supported by Technical Cooperation ("TC") and by incentive payments, as envisaged under the GEFF. Concessional financing will also be available to support DenizBank to integrate climate change into their corporate governance approach. TurWiB II is an integrated and dedicated programme supporting women entrepreneurship and women-led SMEs. EBRD financing will be accompanied by (i) a technical cooperation programme to help DenizBank to build their internal capacity to better serve this segment, and (ii) a risk sharing mechanism supported by the Turkish Credit Guarantee Fund ("CGF") to stimulate lending on a sustainable basis. In addition, women entrepreneurs will be provided with advisory, mentorship and networking opportunities, facilitating their access to know-how and non-financial development services, as well as access to markets. DRF constitutes the first and immediate phase of EBRD's emergency crisis response to the devastating earthquakes in South-Eastern Turkiye. DenizBank will channel EBRD funding to support reconstruction efforts in the provinces hit by the disaster as per the Window 2 of DRF. As such, the Framework reflects the goals of the EBRD's Equality of Opportunity Strategy 2021-2025 ("EOS") which recognises that shocks and crises, including natural disasters, have the potential to entrench and exacerbate existing inequality of opportunity, therefore requiring the EBRD to mitigate the impacts of such events on livelihoods and human capital.European Bank for Reconstruction and DevelopmentDENIZBANK ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496672222708.57DENIZBANK ASPRIVATEPRIVATEPRIVATEThe EBRD has provided USD 143.25 million financing to DenizBank A.S. ("DenizBank") under DenizBank's existing Diversified Payment Rights ("DPR") programme. The proceeds of the financing are split as follows: USD 88.25 million under the Green Economy Financing Facility ("GEFF"), of which USD 5.75m co-financed by the Clean Technology Fund ("CTF", Project ID: 53796), USD 27.5 million under the Women in Business II ("TurWiB II", Project ID: 54141) and USD 27.5 million under the Disaster Response Framework ("DRF", Project ID: 54515), ("The Project"). The Project will enable DenizBank to access long-term funding and diversify its funding sources. Under GEFF, The Project aims to support green economy investments including among others energy efficiency, renewable energy and climate resilience measures. Funds may also be on-lent to vendors and producers of eligible material and equipment covered by the Green Technology Selector for Turkiye. Cooperation will also be sought with DenizBank and sub-borrowers on the mainstreaming of corporate climate governance ("CCG") and gender-responsive on-lending and better integration of climate change and gender equality considerations into DenizBank's lending strategies and practices. The loans will be supported by Technical Cooperation ("TC") and by incentive payments, as envisaged under the GEFF. Concessional financing will also be available to support DenizBank to integrate climate change into their corporate governance approach. TurWiB II is an integrated and dedicated programme supporting women entrepreneurship and women-led SMEs. EBRD financing will be accompanied by (i) a technical cooperation programme to help DenizBank to build their internal capacity to better serve this segment, and (ii) a risk sharing mechanism supported by the Turkish Credit Guarantee Fund ("CGF") to stimulate lending on a sustainable basis. In addition, women entrepreneurs will be provided with advisory, mentorship and networking opportunities, facilitating their access to know-how and non-financial development services, as well as access to markets. DRF constitutes the first and immediate phase of EBRD's emergency crisis response to the devastating earthquakes in South-Eastern Turkiye. DenizBank will channel EBRD funding to support reconstruction efforts in the provinces hit by the disaster as per the Window 2 of DRF. As such, the Framework reflects the goals of the EBRD's Equality of Opportunity Strategy 2021-2025 ("EOS") which recognises that shocks and crises, including natural disasters, have the potential to entrench and exacerbate existing inequality of opportunity, therefore requiring the EBRD to mitigate the impacts of such events on livelihoods and human capital. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53796XI-IATI-EBRD-53501European Bank for Reconstruction and DevelopmentThe transaction is a primary direct equity investment of EUR 9.8m into the share capital of Turk Elektronik Para A.S. ("Param"). Other investors include CCL Investments SaRL ("CEECAT Capital"), a private equity fund focused on Emerging Europe, Alpha Associates and Revo Capital, with total financing amount of EUR 27.2m. The investment is part of total equity investment by EBRD of EUR 13.7m, into Param Group, including Param and Turk Finansman A.S. ("Kredim"). Total amount raised by Param Group is EUR 38m. The investment will enable Param to support future growth, develop technology, marketing and HR.European Bank for Reconstruction and DevelopmentTURK ELEKTRONIK PARAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANKARA39.91987 32.854276417899.18TURK ELEKTRONIK PARAPRIVATEPRIVATEPRIVATEThe transaction is a primary direct equity investment of EUR 9.8m into the share capital of Turk Elektronik Para A.S. ("Param"). Other investors include CCL Investments SaRL ("CEECAT Capital"), a private equity fund focused on Emerging Europe, Alpha Associates and Revo Capital, with total financing amount of EUR 27.2m. The investment is part of total equity investment by EBRD of EUR 13.7m, into Param Group, including Param and Turk Finansman A.S. ("Kredim"). Total amount raised by Param Group is EUR 38m. The investment will enable Param to support future growth, develop technology, marketing and HR. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53501XI-IATI-EBRD-53513European Bank for Reconstruction and Development$10m follow-on equity investment in Invent Analytics as part of its $70m Series C financing round to support product development, sales and marketing efforts. Null ValueEuropean Bank for Reconstruction and DevelopmentINVENT ANALYTICS INCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANKARA39.91987 32.8542718453895.25INVENT ANALYTICS INCPRIVATEPRIVATEPRIVATE$10m follow-on equity investment in Invent Analytics as part of its $70m Series C financing round to support product development, sales and marketing efforts. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53513XI-IATI-EBRD-51846European Bank for Reconstruction and DevelopmentThe EBRD is providing USD 100 million financing to DenizBank A.S. ("DenizBank" or the "Bank") under DenizBank's existing Diversified Payment Rights ("DPR") programme. The proceeds of the financing is split equally between the Turkey Sustainable Energy Financing Facility III ("TurSEFF III") and the Women in Business II ("TurWiB II"). The Project supports diversification of investor base and provides long term funding for the Bank. TurSEFF III aims to (i) further increase financial intermediation for small scale (unlicensed) renewable energy investments and a broader range of resource efficiency investments, including energy efficiency, waste minimisation and water savings; (ii) include public sector investments; and (iii) further improve the financial institutions' skills in recognizing and assessing a wider range of sustainable energy and resource efficiency projects. TurWiB II is an integrated and dedicated programme supporting women entrepreneurship and women-led SMEs. EBRD financing will be accompanied by (i) a technical cooperation programme to help DenizBank to build their internal capacity to better serve this segment, and (ii) a risk sharing mechanism supported by the Turkish Credit Guarantee Fund ("CGF") to stimulate lending on a sustainable basis. In addition, women entrepreneurs will be provided with advisory, mentorship and networking opportunities, facilitating their access to know-how and non-financial development services, as well as access to markets.European Bank for Reconstruction and DevelopmentDFS FUNDING CORPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANKARA39.91987 32.8542787542677.06DFS FUNDING CORPPRIVATEPRIVATEPRIVATEThe EBRD is providing USD 100 million financing to DenizBank A.S. ("DenizBank" or the "Bank") under DenizBank's existing Diversified Payment Rights ("DPR") programme. The proceeds of the financing is split equally between the Turkey Sustainable Energy Financing Facility III ("TurSEFF III") and the Women in Business II ("TurWiB II"). The Project supports diversification of investor base and provides long term funding for the Bank. TurSEFF III aims to (i) further increase financial intermediation for small scale (unlicensed) renewable energy investments and a broader range of resource efficiency investments, including energy efficiency, waste minimisation and water savings; (ii) include public sector investments; and (iii) further improve the financial institutions' skills in recognizing and assessing a wider range of sustainable energy and resource efficiency projects. TurWiB II is an integrated and dedicated programme supporting women entrepreneurship and women-led SMEs. EBRD financing will be accompanied by (i) a technical cooperation programme to help DenizBank to build their internal capacity to better serve this segment, and (ii) a risk sharing mechanism supported by the Turkish Credit Guarantee Fund ("CGF") to stimulate lending on a sustainable basis. In addition, women entrepreneurs will be provided with advisory, mentorship and networking opportunities, facilitating their access to know-how and non-financial development services, as well as access to markets. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51846XI-IATI-EBRD-51976European Bank for Reconstruction and DevelopmentThe EBRD has provided USD 127 million financing to Turkiye Is Bankasi A.S. ("Isbank") under Isbank's existing Diversified Payment Rights ("DPR") programme. The proceeds of the financing will be split between the Women in Business II ("TurWiB II"), USD 76 million, and the Turkey Sustainable Energy Financing Facility III ("TurSEFF III"), USD 51 million ("The Project"). TurWiB II is an integrated and dedicated programme aimed at supporting women entrepreneurship and women-led SMEs. EBRD financing will be accompanied by (i) a technical cooperation programme to assist Isbank to build its internal capacity by developing new systems, business and institutional models, products and delivery mechanisms to effectively reach outand better serve this segment, and (ii) a risk sharing mechanism supported by the Turkish Credit Guarantee Fund (Kredi Garanti Fonu, the "KGF") to stimulate lending on a sustainable basis. In addition, women entrepreneurs will be provided with advisory, mentorship and networking opportunities, facilitating their access to know-how and non-financial development services, as well as access to markets. TurSEFF III aims to (i) further increase financial intermediation for small-scale renewable energy investments and a broader range of resource efficiency investments, including energy efficiency, waste minimisation and water savings; (ii) further improve the financial institutions' skills in recognizing and assessing a wider range of sustainable energy and resource efficiency projects.European Bank for Reconstruction and DevelopmentTIB DIVERSIFIED PAYMENT RIGHTS FINANCE COMPANYEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANKARA39.91987 32.85427111179199.86TIB DIVERSIFIED PAYMENT RIGHTS FINANCE COMPANYPRIVATEPRIVATEPRIVATEThe EBRD has provided USD 127 million financing to Turkiye Is Bankasi A.S. ("Isbank") under Isbank's existing Diversified Payment Rights ("DPR") programme. The proceeds of the financing will be split between the Women in Business II ("TurWiB II"), USD 76 million, and the Turkey Sustainable Energy Financing Facility III ("TurSEFF III"), USD 51 million ("The Project"). TurWiB II is an integrated and dedicated programme aimed at supporting women entrepreneurship and women-led SMEs. EBRD financing will be accompanied by (i) a technical cooperation programme to assist Isbank to build its internal capacity by developing new systems, business and institutional models, products and delivery mechanisms to effectively reach outand better serve this segment, and (ii) a risk sharing mechanism supported by the Turkish Credit Guarantee Fund (Kredi Garanti Fonu, the "KGF") to stimulate lending on a sustainable basis. In addition, women entrepreneurs will be provided with advisory, mentorship and networking opportunities, facilitating their access to know-how and non-financial development services, as well as access to markets. TurSEFF III aims to (i) further increase financial intermediation for small-scale renewable energy investments and a broader range of resource efficiency investments, including energy efficiency, waste minimisation and water savings; (ii) further improve the financial institutions' skills in recognizing and assessing a wider range of sustainable energy and resource efficiency projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51976XI-IATI-EBRD-54477European Bank for Reconstruction and DevelopmentResilience and Livelihoods Guarantee (RLG) sub-limit* under the Resilience and Livelihoods Framework in the form of an unfunded portfolio risksharing instrument in the amount of up to €6.375 million. The guarantee covers up to 50 per cent of the credit risk in newly originated sub-loans with the total value of € 25.5 million equivalent (the "Covered Portfolio") subject to total 50 per cent of portfolio cap. The RLG Project will have 6 months inclusion period for the origination of the Covered Portfolio by the PFI, following which EBRD guarantee will have a maximum maturity of: (i) 2 years for 82% of the Covered Portfolio (expected to be represented by working capital Sub-Loans); and (ii) 5 years for 18% of the Covered Portfolio. *This sub-limit is part of EBRD's broader RLG facility to PCBU, covered by OpIDs 54477 and 54726 (under Resilience and Livelihoods Framework and Financial Intermediaries Framework, respectively), jointly referred to as the RLG Project. Both OpIDs are to be regulated under a single risk participation agreement with the PFI. The Facility will be used to support lending to Ukrainian private companies operating in the primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in Ukraine.European Bank for Reconstruction and DevelopmentPROCREDIT BANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.52386335797.826375000PROCREDIT BANK JSCPRIVATEPRIVATEPRIVATEResilience and Livelihoods Guarantee (RLG) sub-limit* under the Resilience and Livelihoods Framework in the form of an unfunded portfolio risksharing instrument in the amount of up to €6.375 million. The guarantee covers up to 50 per cent of the credit risk in newly originated sub-loans with the total value of € 25.5 million equivalent (the "Covered Portfolio") subject to total 50 per cent of portfolio cap. The RLG Project will have 6 months inclusion period for the origination of the Covered Portfolio by the PFI, following which EBRD guarantee will have a maximum maturity of: (i) 2 years for 82% of the Covered Portfolio (expected to be represented by working capital Sub-Loans); and (ii) 5 years for 18% of the Covered Portfolio. *This sub-limit is part of EBRD's broader RLG facility to PCBU, covered by OpIDs 54477 and 54726 (under Resilience and Livelihoods Framework and Financial Intermediaries Framework, respectively), jointly referred to as the RLG Project. Both OpIDs are to be regulated under a single risk participation agreement with the PFI. The Facility will be used to support lending to Ukrainian private companies operating in the primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54477XI-IATI-EBRD-46613European Bank for Reconstruction and DevelopmentThe EBRD is making an equity commitment of up to €17m to EuVECA Livonia Partners Fund I (the "Fund"), a closed end fund established as the first pan-Baltic fund domiciled in Latvia. The Fund targets €85m of total capital commitments and will be Livonia's first institutional quality fund. It will provide growth and acquisition capital to small and medium-sized enterprises ("SMEs") in Estonia, Latvia and Lithuania (the "Baltics") with a focus on operational value creation. Null ValueEuropean Bank for Reconstruction and DevelopmentKS EUVECA LIVONIA PARTNERSEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTALLINN59.43696 24.75353VILNIUS54.68916 25.2798RIGA56.946 24.105891461238.0417000000KS EUVECA LIVONIA PARTNERSPRIVATEPRIVATEPRIVATEThe EBRD is making an equity commitment of up to €17m to EuVECA Livonia Partners Fund I (the "Fund"), a closed end fund established as the first pan-Baltic fund domiciled in Latvia. The Fund targets €85m of total capital commitments and will be Livonia's first institutional quality fund. It will provide growth and acquisition capital to small and medium-sized enterprises ("SMEs") in Estonia, Latvia and Lithuania (the "Baltics") with a focus on operational value creation. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/46613XI-IATI-EBRD-55063European Bank for Reconstruction and DevelopmentThe EBRD provided up to EUR 25 million long-term loan to Cimsa to finance the Company's decarbonisation investment program which includes installation of (i) 10.8MW solar plant, (ii) 5.1MW WHR power plant, (iii) a new silo for additive cement/low clinker content products as well as (iv) resource efficiency process and technology upgrades at Eskisehir plant. This decarbonisation investment program fully supports the green economy transition through implementing renewable energy sources and improving thermal efficiencies, while reducing the clinker to cement ratio with alternative raw materials. Therefore, the Project is qualified as 100% GET and aligned with EU Taxonomy for climate mitigation given it will enable and demonstrate substantial life cycle GHG emission savings. The Project will also address key diversity challenges in Türkiye's cement sector where women continue to be underrepresented across all skills and job functions. Cimsa is aware of these challenges and has already made commendable progress in addressing them. As part of the Project, the Company will go one step further through the introduction of new diversity measures aiming at boosting female participation across decision making/managerial, white collars, and STEM-related roles.European Bank for Reconstruction and DevelopmentCIMSA CIMENTO SANAYI VE TICARET ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496625000000CIMSA CIMENTO SANAYI VE TICARET ASPRIVATEPRIVATEPRIVATEThe EBRD provided up to EUR 25 million long-term loan to Cimsa to finance the Company's decarbonisation investment program which includes installation of (i) 10.8MW solar plant, (ii) 5.1MW WHR power plant, (iii) a new silo for additive cement/low clinker content products as well as (iv) resource efficiency process and technology upgrades at Eskisehir plant. This decarbonisation investment program fully supports the green economy transition through implementing renewable energy sources and improving thermal efficiencies, while reducing the clinker to cement ratio with alternative raw materials. Therefore, the Project is qualified as 100% GET and aligned with EU Taxonomy for climate mitigation given it will enable and demonstrate substantial life cycle GHG emission savings. The Project will also address key diversity challenges in Türkiye's cement sector where women continue to be underrepresented across all skills and job functions. Cimsa is aware of these challenges and has already made commendable progress in addressing them. As part of the Project, the Company will go one step further through the introduction of new diversity measures aiming at boosting female participation across decision making/managerial, white collars, and STEM-related roles. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55063XI-IATI-EBRD-55014European Bank for Reconstruction and DevelopmentProvision of a €40 million senior long-term loan to Studenac d.o.o. (the "Company"), the largest food retailer in Croatia by number of stores, for acquisition of selected food retail chains and future investments. The loan will support the Company in its expansion efforts as well as expected further efficiency and profitability improvements.European Bank for Reconstruction and DevelopmentSTUDENAC DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGOMIS43.44472 16.6886140000000STUDENAC DOOPRIVATEPRIVATEPRIVATEProvision of a €40 million senior long-term loan to Studenac d.o.o. (the "Company"), the largest food retailer in Croatia by number of stores, for acquisition of selected food retail chains and future investments. The loan will support the Company in its expansion efforts as well as expected further efficiency and profitability improvements. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55014XI-IATI-EBRD-55523European Bank for Reconstruction and DevelopmentThe proposed transaction entails a senior secured loan of up to EUR 25 million, available in EUR, USD, and/or TRY, to finance the construction of a new animal feed production facility in Samsun, licensed warehouses in Adana and Samsun, and the establishment of a solar power plant of up to 3.2MW in Corum for internal consumption (the "Project"). Null ValueEuropean Bank for Reconstruction and DevelopmentOFIS YEM GIDA SANAYI VE TICARET ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANKARA39.91987 32.85427220000025326052.7OFIS YEM GIDA SANAYI VE TICARET ASPRIVATEPRIVATEPRIVATEThe proposed transaction entails a senior secured loan of up to EUR 25 million, available in EUR, USD, and/or TRY, to finance the construction of a new animal feed production facility in Samsun, licensed warehouses in Adana and Samsun, and the establishment of a solar power plant of up to 3.2MW in Corum for internal consumption (the "Project"). Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55523XI-IATI-EBRD-56355European Bank for Reconstruction and DevelopmentProvision of a EUR 25 million long-term loan to subsidiaries (Turpaz Belgium and Pollena Aroma Poland) of Turpaz Industries (the "Company"). The proceeds of the loan will be used to finance the Company's acquisitions, and working capital and capex needs of its subsidiaries in Poland.European Bank for Reconstruction and DevelopmentTURPAZ BELGIUM SRLEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.01178450000025000000TURPAZ BELGIUM SRLPRIVATEPRIVATEPRIVATEProvision of a EUR 25 million long-term loan to subsidiaries (Turpaz Belgium and Pollena Aroma Poland) of Turpaz Industries (the "Company"). The proceeds of the loan will be used to finance the Company's acquisitions, and working capital and capex needs of its subsidiaries in Poland. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56355XI-IATI-EBRD-54416European Bank for Reconstruction and DevelopmentSubscription of USD 25 million to JSC Georgia Capital's ("GCAP" or "the Issuer") 5-year, USD 150 million Sustainability-Linked Bond ("SLB") to be listed and traded on the Georgian Stock Exchange. The SLB complies with the International Capital Markets Association's ("ICMA") Sustainability-Linked Bond Principles, as confirmed by an independent second-party opinion. The SLB proceeds will be primarily used to refinance GCAP's exiting Eurobonds and to maintain a liquidity buffer. The SLB that adheres by the ICMA standards of sustainable finance is the first instrument of its kind to be issued in the Caucasus. Notably, the SLB also marks the largest corporate bond issuance in Georgia.European Bank for Reconstruction and DevelopmentGEORGIA CAPITAL JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTBILISI41.69411 44.8336821885669.26GEORGIA CAPITAL JSCPRIVATEPRIVATEPRIVATESubscription of USD 25 million to JSC Georgia Capital's ("GCAP" or "the Issuer") 5-year, USD 150 million Sustainability-Linked Bond ("SLB") to be listed and traded on the Georgian Stock Exchange. The SLB complies with the International Capital Markets Association's ("ICMA") Sustainability-Linked Bond Principles, as confirmed by an independent second-party opinion. The SLB proceeds will be primarily used to refinance GCAP's exiting Eurobonds and to maintain a liquidity buffer. The SLB that adheres by the ICMA standards of sustainable finance is the first instrument of its kind to be issued in the Caucasus. Notably, the SLB also marks the largest corporate bond issuance in Georgia. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54416XI-IATI-EBRD-56615European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan in the amount of up to EUR 1.0 million to ProCredit Bank Albania (PCBA), for on-lending to eligible women-led SMEs in line with the criteria under the Western Balkans Women in Business Programme Phase II (WB WiBP II). The project will contribute to women's economic inclusion by supporting women-led SMEs' access to finance and business advisory services.European Bank for Reconstruction and DevelopmentPROCREDIT BANK ALBANIA SHAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTIRANA41.3275 19.818891000000PROCREDIT BANK ALBANIA SHAPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan in the amount of up to EUR 1.0 million to ProCredit Bank Albania (PCBA), for on-lending to eligible women-led SMEs in line with the criteria under the Western Balkans Women in Business Programme Phase II (WB WiBP II). The project will contribute to women's economic inclusion by supporting women-led SMEs' access to finance and business advisory services. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56615XI-IATI-EBRD-51747European Bank for Reconstruction and DevelopmentThe EBRD is considering a sovereign-guaranteed loan of up to EUR 98.6 million in favour of NOMAGAS (the "Company" or the "Client"). The loan proceeds would be used for construction of 100% hydrogen ready (i) natural gas interconnection pipeline with Greece (66km; interconnection) and (ii) two natural gas transmission pipelines, Gostivar to Kicevo (34km; Section 1) and Sveti Nikole to Veles (28km; Section 2) in North Macedonia. The investments will supply gas to North Macedonia. This enables an accelerated transition away from coal and towards renewable energy by decommissioning existing coal fired Thermal Power Plants (TPPs) by 2030. It is expected that 1.7 GW of renewable energy will also be deployed, which will result in net 82% reduction of Green House Gas emission by 2030. Furthermore, the Project will significantly reduce air pollution by displacing (i) inefficient forms of heating in the commercial and residential sectors and (ii) use of petroleum products and solid fuels. The Project is also 100% hydrogen ready and does not prevent the entry of low carbon solutions into the end use markets. The Project facilitates the diversification of gas supply to North Macedonia through the Trans Adriatic Pipeline ("TAP") and LNG terminals in Greece, also providing possibility to supply neighbouring Serbia. This will improve the competitiveness of private sector businesses and reduce gas prices, through increasing gas supply by 2.5 times (from existing 0.8 bcm to 3.6 bcm) and thereby further support the decarbonisation of the energy sector at lower cost of supply. North Macedonia has adopted the Just Transition Roadmap in June 2023, ensuring protection of vulnerable people and communities. This was recognised and supported by the Climate Investment Funds (CIF) and North Macedonia became pilot country for the Accelerating Coal Transition (ACT) Programme. In this line, the EBRD helped to develop and signed at COP 28 a Joint Declaration with the Government of North Macedonia and other partner institutions, for in-country platform for North Macedonia to ensure just and accelerated coal transition. The Project is assessed as Paris Aligned, and consistent with the EBRD Energy Sector Strategy (2024-2028).European Bank for Reconstruction and DevelopmentNOMAGAS JSC SKOPJEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.431416168056066344000NOMAGAS JSC SKOPJE663440NOMAGAS JSC SKOPJE4000000NOMAGAS JSC SKOPJESTATESTATESTATESTATEThe EBRD is considering a sovereign-guaranteed loan of up to EUR 98.6 million in favour of NOMAGAS (the "Company" or the "Client"). The loan proceeds would be used for construction of 100% hydrogen ready (i) natural gas interconnection pipeline with Greece (66km; interconnection) and (ii) two natural gas transmission pipelines, Gostivar to Kicevo (34km; Section 1) and Sveti Nikole to Veles (28km; Section 2) in North Macedonia. The investments will supply gas to North Macedonia. This enables an accelerated transition away from coal and towards renewable energy by decommissioning existing coal fired Thermal Power Plants (TPPs) by 2030. It is expected that 1.7 GW of renewable energy will also be deployed, which will result in net 82% reduction of Green House Gas emission by 2030. Furthermore, the Project will significantly reduce air pollution by displacing (i) inefficient forms of heating in the commercial and residential sectors and (ii) use of petroleum products and solid fuels. The Project is also 100% hydrogen ready and does not prevent the entry of low carbon solutions into the end use markets. The Project facilitates the diversification of gas supply to North Macedonia through the Trans Adriatic Pipeline ("TAP") and LNG terminals in Greece, also providing possibility to supply neighbouring Serbia. This will improve the competitiveness of private sector businesses and reduce gas prices, through increasing gas supply by 2.5 times (from existing 0.8 bcm to 3.6 bcm) and thereby further support the decarbonisation of the energy sector at lower cost of supply. North Macedonia has adopted the Just Transition Roadmap in June 2023, ensuring protection of vulnerable people and communities. This was recognised and supported by the Climate Investment Funds (CIF) and North Macedonia became pilot country for the Accelerating Coal Transition (ACT) Programme. In this line, the EBRD helped to develop and signed at COP 28 a Joint Declaration with the Government of North Macedonia and other partner institutions, for in-country platform for North Macedonia to ensure just and accelerated coal transition. The Project is assessed as Paris Aligned, and consistent with the EBRD Energy Sector Strategy (2024-2028). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51747XI-IATI-EBRD-48424European Bank for Reconstruction and DevelopmentProvision of long-term financing of up to EUR 38 million to Figeac Aero Group, one of the leading suppliers to aerospace manufacturers, to finance the expansion of its subsidiaries in Tunisia and Morocco. The proposed facility will support part of a EUR 64 million 4-year investment program (from 1st April 2016) by Figeac Aero at its subsidiaries Figeac Aero Tunisie (Tunisia), Figeac Aero Maroc (Morocco) Casablanca Aeronautique (Morocco). The proceeds of the EBRD loan will be allocated towards capital expenditure focusing on capacity expansion and improvement of competitiveness.European Bank for Reconstruction and DevelopmentFIGEAC AERO SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGRABAT34.01325 -6.83255TUNIS36.81897 10.1657937740000FIGEAC AERO SAPRIVATEPRIVATEPRIVATEProvision of long-term financing of up to EUR 38 million to Figeac Aero Group, one of the leading suppliers to aerospace manufacturers, to finance the expansion of its subsidiaries in Tunisia and Morocco. The proposed facility will support part of a EUR 64 million 4-year investment program (from 1st April 2016) by Figeac Aero at its subsidiaries Figeac Aero Tunisie (Tunisia), Figeac Aero Maroc (Morocco) Casablanca Aeronautique (Morocco). The proceeds of the EBRD loan will be allocated towards capital expenditure focusing on capacity expansion and improvement of competitiveness. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48424XI-IATI-EBRD-48246European Bank for Reconstruction and DevelopmentThe Bank is providing a EUR 5.0 million senior long term loan to Pulapromet d.o.o., the municipal public transport company providing transport and affiliated services in the wider area of City of Pula. The EBRD financing will be utilised for the modernisation of the bus fleet through procurement of new low-floor compressed natural gas (CNG) buses. The Project will improve the current condition of the Companyis outdated bus fleet that would result in a significant improvement of its operating and environmental performance as well as improved safety standards.European Bank for Reconstruction and DevelopmentPULAPROMET DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPULA44.86833 13.848065022187.86PULAPROMET DOO1841458PULAPROMET DOO22187.86PULAPROMET DOO658542PULAPROMET DOOSTATESTATESTATESTATEThe Bank is providing a EUR 5.0 million senior long term loan to Pulapromet d.o.o., the municipal public transport company providing transport and affiliated services in the wider area of City of Pula. The EBRD financing will be utilised for the modernisation of the bus fleet through procurement of new low-floor compressed natural gas (CNG) buses. The Project will improve the current condition of the Companyis outdated bus fleet that would result in a significant improvement of its operating and environmental performance as well as improved safety standards. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48246XI-IATI-EBRD-54221European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 5m (or USD equivalent) under the Green Economy Financing Facility Turkiye ("GEFF") to ING Finansal Kiralama A.S ("ING Leasing" or "INGL"). The proceeds of the loan will be used to finance eligible sub-projects, selected according to the technical, financial and environmental eligibility criteria as per the GEFF Türkiye Policy Statement. The proposed facility will be the EBRD`s first transaction with INGL which will enable the Company to finance green economy investments of its lessees in areas, including among others, energy efficiency, renewable energy and climate resillience.European Bank for Reconstruction and DevelopmentING FINANSAL KIRALAMA ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.949665000000ING FINANSAL KIRALAMA ASPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 5m (or USD equivalent) under the Green Economy Financing Facility Turkiye ("GEFF") to ING Finansal Kiralama A.S ("ING Leasing" or "INGL"). The proceeds of the loan will be used to finance eligible sub-projects, selected according to the technical, financial and environmental eligibility criteria as per the GEFF Türkiye Policy Statement. The proposed facility will be the EBRD`s first transaction with INGL which will enable the Company to finance green economy investments of its lessees in areas, including among others, energy efficiency, renewable energy and climate resillience. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54221XI-IATI-EBRD-55535European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 50 million, or its equivalent in TRY, in favour of TEB Arval Arac Filo Kiralama A.S. ("TEB Arval", or the "Company") to finance a new fleet of Battery Electric Vehicles (BEVs). The loan will finance a new fleet of BEVs in TEB Arval's leasing portfolio (the "Project"). Implementing the Project will accelerate the Company's decarbonization efforts and help TEB Arval mitigate carbon transition risk through CO2 savings. The Project is aligned with the mitigation and adaptation goals of the Paris Agreement considering that the Project meets the substantial contribution under the EU Taxonomy for Climate Action. The Project will also support the Company's continuous improvement initiatives on Diversity and Inclusion via the launch of Unconscious Bias and Inclusive Leadership training program for middle and senior managers. The Project aligns with EBRD's Strategy for Türkiye 2024-2029 as it supports decarbonisation across sectors through direct engagement with private clients.European Bank for Reconstruction and DevelopmentTEB ARVAL ARAC FILO KIRALAMA ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496640996785.14TEB ARVAL ARAC FILO KIRALAMA ASPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 50 million, or its equivalent in TRY, in favour of TEB Arval Arac Filo Kiralama A.S. ("TEB Arval", or the "Company") to finance a new fleet of Battery Electric Vehicles (BEVs). The loan will finance a new fleet of BEVs in TEB Arval's leasing portfolio (the "Project"). Implementing the Project will accelerate the Company's decarbonization efforts and help TEB Arval mitigate carbon transition risk through CO2 savings. The Project is aligned with the mitigation and adaptation goals of the Paris Agreement considering that the Project meets the substantial contribution under the EU Taxonomy for Climate Action. The Project will also support the Company's continuous improvement initiatives on Diversity and Inclusion via the launch of Unconscious Bias and Inclusive Leadership training program for middle and senior managers. The Project aligns with EBRD's Strategy for Türkiye 2024-2029 as it supports decarbonisation across sectors through direct engagement with private clients. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55535XI-IATI-EBRD-56089European Bank for Reconstruction and DevelopmentThe provision of EUR 25 million long-term senior loan (the "Loan") to a soft drink producer incorporated in Turkiye, Uludag Icecek Turk A.S. The Bank's financing will be used to finance capital expenditures in the Yenice factory.European Bank for Reconstruction and DevelopmentULUDAG ICECEK TURK ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBURSA40.19559 29.0601325000000ULUDAG ICECEK TURK ASPRIVATEPRIVATEPRIVATEThe provision of EUR 25 million long-term senior loan (the "Loan") to a soft drink producer incorporated in Turkiye, Uludag Icecek Turk A.S. The Bank's financing will be used to finance capital expenditures in the Yenice factory. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56089XI-IATI-EBRD-54515European Bank for Reconstruction and DevelopmentThe EBRD has provided USD 143.25 million financing to DenizBank A.S. ("DenizBank") under DenizBank's existing Diversified Payment Rights ("DPR") programme. The proceeds of the financing are split as follows: USD 88.25 million under the Green Economy Financing Facility ("GEFF"), of which USD 5.75m co-financed by the Clean Technology Fund ("CTF", Project ID: 53796), USD 27.5 million under the Women in Business II ("TurWiB II", Project ID: 54141) and USD 27.5 million under the Disaster Response Framework ("DRF", Project ID: 54515), ("The Project"). The Project will enable DenizBank to access long-term funding and diversify its funding sources. Under GEFF, The Project aims to support green economy investments including among others energy efficiency, renewable energy and climate resilience measures. Funds may also be on-lent to vendors and producers of eligible material and equipment covered by the Green Technology Selector for Turkiye. Cooperation will also be sought with DenizBank and sub-borrowers on the mainstreaming of corporate climate governance ("CCG") and gender-responsive on-lending and better integration of climate change and gender equality considerations into DenizBank's lending strategies and practices. The loans will be supported by Technical Cooperation ("TC") and by incentive payments, as envisaged under the GEFF. Concessional financing will also be available to support DenizBank to integrate climate change into their corporate governance approach. TurWiB II is an integrated and dedicated programme supporting women entrepreneurship and women-led SMEs. EBRD financing will be accompanied by (i) a technical cooperation programme to help DenizBank to build their internal capacity to better serve this segment, and (ii) a risk sharing mechanism supported by the Turkish Credit Guarantee Fund ("CGF") to stimulate lending on a sustainable basis. In addition, women entrepreneurs will be provided with advisory, mentorship and networking opportunities, facilitating their access to know-how and non-financial development services, as well as access to markets. DRF constitutes the first and immediate phase of EBRD's emergency crisis response to the devastating earthquakes in South-Eastern Turkiye. DenizBank will channel EBRD funding to support reconstruction efforts in the provinces hit by the disaster as per the Window 2 of DRF. As such, the Framework reflects the goals of the EBRD's Equality of Opportunity Strategy 2021-2025 ("EOS") which recognises that shocks and crises, including natural disasters, have the potential to entrench and exacerbate existing inequality of opportunity, therefore requiring the EBRD to mitigate the impacts of such events on livelihoods and human capital.European Bank for Reconstruction and DevelopmentDENIZBANK ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496624074236.19DENIZBANK ASPRIVATEPRIVATEPRIVATEThe EBRD has provided USD 143.25 million financing to DenizBank A.S. ("DenizBank") under DenizBank's existing Diversified Payment Rights ("DPR") programme. The proceeds of the financing are split as follows: USD 88.25 million under the Green Economy Financing Facility ("GEFF"), of which USD 5.75m co-financed by the Clean Technology Fund ("CTF", Project ID: 53796), USD 27.5 million under the Women in Business II ("TurWiB II", Project ID: 54141) and USD 27.5 million under the Disaster Response Framework ("DRF", Project ID: 54515), ("The Project"). The Project will enable DenizBank to access long-term funding and diversify its funding sources. Under GEFF, The Project aims to support green economy investments including among others energy efficiency, renewable energy and climate resilience measures. Funds may also be on-lent to vendors and producers of eligible material and equipment covered by the Green Technology Selector for Turkiye. Cooperation will also be sought with DenizBank and sub-borrowers on the mainstreaming of corporate climate governance ("CCG") and gender-responsive on-lending and better integration of climate change and gender equality considerations into DenizBank's lending strategies and practices. The loans will be supported by Technical Cooperation ("TC") and by incentive payments, as envisaged under the GEFF. Concessional financing will also be available to support DenizBank to integrate climate change into their corporate governance approach. TurWiB II is an integrated and dedicated programme supporting women entrepreneurship and women-led SMEs. EBRD financing will be accompanied by (i) a technical cooperation programme to help DenizBank to build their internal capacity to better serve this segment, and (ii) a risk sharing mechanism supported by the Turkish Credit Guarantee Fund ("CGF") to stimulate lending on a sustainable basis. In addition, women entrepreneurs will be provided with advisory, mentorship and networking opportunities, facilitating their access to know-how and non-financial development services, as well as access to markets. DRF constitutes the first and immediate phase of EBRD's emergency crisis response to the devastating earthquakes in South-Eastern Turkiye. DenizBank will channel EBRD funding to support reconstruction efforts in the provinces hit by the disaster as per the Window 2 of DRF. As such, the Framework reflects the goals of the EBRD's Equality of Opportunity Strategy 2021-2025 ("EOS") which recognises that shocks and crises, including natural disasters, have the potential to entrench and exacerbate existing inequality of opportunity, therefore requiring the EBRD to mitigate the impacts of such events on livelihoods and human capital. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54515XI-IATI-EBRD-51599European Bank for Reconstruction and DevelopmentA senior loan of up to EUR 125 million to Izmir Metropolitan Municipality. The proceeds of the loan will be used for the construction of Buca metro line, including 11 stations, a depot and 19.5 km of metro line (13.5 km main line and 6 km depot access tunnels). The construction of a new metro line is part of the city's extension of its urban rail network to meet increasing demand, providing an environmentally friendly alternative to private vehicles.European Bank for Reconstruction and DevelopmentMUNICIPALITY OF IZMIREuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGIZMIR38.41273 27.1383845909554.9497500000MUNICIPALITY OF IZMIR10686736.61MUNICIPALITY OF IZMIR3900000MUNICIPALITY OF IZMIR3949618.36MUNICIPALITY OF IZMIR6022970.38MUNICIPALITY OF IZMIR10951993.78MUNICIPALITY OF IZMIR16079125.93MUNICIPALITY OF IZMIRSTATESTATESTATESTATEA senior loan of up to EUR 125 million to Izmir Metropolitan Municipality. The proceeds of the loan will be used for the construction of Buca metro line, including 11 stations, a depot and 19.5 km of metro line (13.5 km main line and 6 km depot access tunnels). The construction of a new metro line is part of the city's extension of its urban rail network to meet increasing demand, providing an environmentally friendly alternative to private vehicles. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51599XI-IATI-EBRD-54147European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 25 million equivalent, available in EUR and/or USD, with a 2-year final maturity and bullet principal repayment, available for GarantiBBVA Leasing under the Green Economy Financing Facility Türkiye ("GEFF Türkiye") Framework. The proceeds of the Bank`s investment will be used to finance eligible sub-projects, selected according to the technical, financial and environmental eligibility criteria as per the GEFF Türkiye Policy Statement. The project aims to support green economy investments including among others energy efficiency, renewable energy and climate resilience measures. Funds may also be on-lent to vendors and producers of eligible material and equipment covered by the Green Technology Selector for Türkiye. The proposed facility will be the first transaction with the Company under GEFF Türkiye and builds on the Company's experience and successful utilisation of the two TurSEFF lines signed in 2018 and 2021. The proposed facility will help GarantiBBVA Leasing to continue to expand its on-lending to private sector SMEs, both women and men-led, for energy efficiency and small-scale renewable energy investments, promoting female entrepreneurs' access to green technologies. The facility will also aim to help set higher standards and build capacity in the market by better instilling climate risk factors into the Company's leasing practices as the 4th largest player in the market.European Bank for Reconstruction and DevelopmentGARANTI FINANSAL KIRALAMA ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496625000000GARANTI FINANSAL KIRALAMA ASPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 25 million equivalent, available in EUR and/or USD, with a 2-year final maturity and bullet principal repayment, available for GarantiBBVA Leasing under the Green Economy Financing Facility Türkiye ("GEFF Türkiye") Framework. The proceeds of the Bank`s investment will be used to finance eligible sub-projects, selected according to the technical, financial and environmental eligibility criteria as per the GEFF Türkiye Policy Statement. The project aims to support green economy investments including among others energy efficiency, renewable energy and climate resilience measures. Funds may also be on-lent to vendors and producers of eligible material and equipment covered by the Green Technology Selector for Türkiye. The proposed facility will be the first transaction with the Company under GEFF Türkiye and builds on the Company's experience and successful utilisation of the two TurSEFF lines signed in 2018 and 2021. The proposed facility will help GarantiBBVA Leasing to continue to expand its on-lending to private sector SMEs, both women and men-led, for energy efficiency and small-scale renewable energy investments, promoting female entrepreneurs' access to green technologies. The facility will also aim to help set higher standards and build capacity in the market by better instilling climate risk factors into the Company's leasing practices as the 4th largest player in the market. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54147XI-IATI-EBRD-54667European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 25 million equivalent available for AkLease (AL) under the Green Economy Financing Facility Türkiye ("GEFF Türkiye") Framework. The proceeds of the Bank`s investment will be used to finance eligible sub-projects, selected according to the technical, financial and environmental eligibility criteria as per the GEFF Türkiye Policy Statement. The project aims to support green economy investments including among others energy efficiency, renewable energy and climate resilience measures. Funds may also be on-lent to vendors and producers of eligible material and equipment covered by the Green Technology Selector for Türkiye. The proposed facility will be the first transaction with the Company under GEFF Türkiye and builds on the Company's experience of the two TurSEFF lines signed in 2017 and 2021. The proposed facility will help AL to continue to expand its on-lending to private sector SMEs for energy efficiency and small-scale renewable energy investments, and also to promote female entrepreneurs' access to green technologies. The facility will also aim to help set higher standards and build capacity in the market by better instilling climate risk factors into the Company's leasing practices as the 5th largest player in the market.European Bank for Reconstruction and DevelopmentAK FINANSAL KIRALAMA ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496625000000AK FINANSAL KIRALAMA ASPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 25 million equivalent available for AkLease (AL) under the Green Economy Financing Facility Türkiye ("GEFF Türkiye") Framework. The proceeds of the Bank`s investment will be used to finance eligible sub-projects, selected according to the technical, financial and environmental eligibility criteria as per the GEFF Türkiye Policy Statement. The project aims to support green economy investments including among others energy efficiency, renewable energy and climate resilience measures. Funds may also be on-lent to vendors and producers of eligible material and equipment covered by the Green Technology Selector for Türkiye. The proposed facility will be the first transaction with the Company under GEFF Türkiye and builds on the Company's experience of the two TurSEFF lines signed in 2017 and 2021. The proposed facility will help AL to continue to expand its on-lending to private sector SMEs for energy efficiency and small-scale renewable energy investments, and also to promote female entrepreneurs' access to green technologies. The facility will also aim to help set higher standards and build capacity in the market by better instilling climate risk factors into the Company's leasing practices as the 5th largest player in the market. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54667XI-IATI-EBRD-55184European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 25 million with up to 3-years weighted average life to BNP Paribas Finansal Kiralama A.S. ("BNPFK" or "Client") under the Turkiye Green Economy Financing Facility II ("GEFF II" or the "Framework"). BNPFK will use the proceeds of the Bank`s investment to provide lease financing to sub-borrowers implementing green economy investments including, among others, energy efficiency, renewable energy and climate resilience measures, and additional green investment areas focusing on nature and biodiversity, blue economy, as well as sustainable agriculture, transport, and tourism, in a gender responsive way.European Bank for Reconstruction and DevelopmentBNP PARIBAS FINANSAL KIRALAMA ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496625000000BNP PARIBAS FINANSAL KIRALAMA ASPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 25 million with up to 3-years weighted average life to BNP Paribas Finansal Kiralama A.S. ("BNPFK" or "Client") under the Turkiye Green Economy Financing Facility II ("GEFF II" or the "Framework"). BNPFK will use the proceeds of the Bank`s investment to provide lease financing to sub-borrowers implementing green economy investments including, among others, energy efficiency, renewable energy and climate resilience measures, and additional green investment areas focusing on nature and biodiversity, blue economy, as well as sustainable agriculture, transport, and tourism, in a gender responsive way. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55184XI-IATI-EBRD-55165European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 25 million equivalent (available in EUR or TRY) with up to 3-years maturity structure for QNB Finans Leasing, for on-lending to sub-borrowers implementing green economy investments including, among others, energy efficiency, renewable energy and climate resilience measures under the Turkiye Green Economy Financing Facility II ("GEFF II" or the "Framework", BSD21-156- ADD (12)). QNB Finans Leasing will use the proceeds of the Bank`s investment to provide lease financing to sub-borrowers implementing green economy investments, in a gender responsive way, in line with the GEFF II Framework's technical eligibility criteria as defined in the Policy Statement, forming an integral part of the financing agreements. Funds may also be on-lent to vendors and producers of eligible technologies covered by the Green Technology Selector for Turkiye. In addition, QNB Finans Leasing may finance eligible sub-borrowers that are certified according to recognized sustainability certification systems.European Bank for Reconstruction and DevelopmentQNB FINANSAL KIRALAMA ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496625000000QNB FINANSAL KIRALAMA ASPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 25 million equivalent (available in EUR or TRY) with up to 3-years maturity structure for QNB Finans Leasing, for on-lending to sub-borrowers implementing green economy investments including, among others, energy efficiency, renewable energy and climate resilience measures under the Turkiye Green Economy Financing Facility II ("GEFF II" or the "Framework", BSD21-156- ADD (12)). QNB Finans Leasing will use the proceeds of the Bank`s investment to provide lease financing to sub-borrowers implementing green economy investments, in a gender responsive way, in line with the GEFF II Framework's technical eligibility criteria as defined in the Policy Statement, forming an integral part of the financing agreements. Funds may also be on-lent to vendors and producers of eligible technologies covered by the Green Technology Selector for Turkiye. In addition, QNB Finans Leasing may finance eligible sub-borrowers that are certified according to recognized sustainability certification systems. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55165XI-IATI-EBRD-53268European Bank for Reconstruction and DevelopmentA convertible loan of up to EUR 125 million to Ronesans Saglik Yatirim A.S. (" Ronesans Healthcare" or "Borrower" or "Company"), Ronesans Group's holding company for social infrastructure assets, including, six Turkish hospital PPP investments and a facility management company providing services for the Istanbul Ikitelli PPP. The loan has a 5-year tenor and a convertibility option to equity towards the maturity. 75% of the proceeds of the convertible loan will be allocated to finance capital expenditures of Ronesans Group under Turkish Healthcare PPP Hospitals and Koksheatu Hospital PPP in Kazakhstan, and some portion of the loan will be utilised for general corporate purposes.European Bank for Reconstruction and DevelopmentRONESANS SAGLIK YATIRIM ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGADANA36.98615 35.32531125000000RONESANS SAGLIK YATIRIM ASPRIVATEPRIVATEPRIVATEA convertible loan of up to EUR 125 million to Ronesans Saglik Yatirim A.S. (" Ronesans Healthcare" or "Borrower" or "Company"), Ronesans Group's holding company for social infrastructure assets, including, six Turkish hospital PPP investments and a facility management company providing services for the Istanbul Ikitelli PPP. The loan has a 5-year tenor and a convertibility option to equity towards the maturity. 75% of the proceeds of the convertible loan will be allocated to finance capital expenditures of Ronesans Group under Turkish Healthcare PPP Hospitals and Koksheatu Hospital PPP in Kazakhstan, and some portion of the loan will be utilised for general corporate purposes. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53268XI-IATI-EBRD-53944European Bank for Reconstruction and DevelopmentThe transaction entails the provision of a long-term loan (five years including one year grace period) of up to EUR 22m to Kervan for financing of the Company's capex investment plans. The proceeds of the Bank's loan will be used to finance capital expenditure investments to support capacity increases for jelly and liquorice production lines, field solar panel investment and waste water treatment facility investment.European Bank for Reconstruction and DevelopmentKERVAN GIDA SANAYI VE TICARET ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496622000000KERVAN GIDA SANAYI VE TICARET ASPRIVATEPRIVATEPRIVATEThe transaction entails the provision of a long-term loan (five years including one year grace period) of up to EUR 22m to Kervan for financing of the Company's capex investment plans. The proceeds of the Bank's loan will be used to finance capital expenditure investments to support capacity increases for jelly and liquorice production lines, field solar panel investment and waste water treatment facility investment. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53944XI-IATI-EBRD-53460European Bank for Reconstruction and DevelopmentTo date EBRD invested a total of EUR 68 million in four of mBank's MREL issuances: In September 2023, EUR 30 million in senior non preferred bonds as part of a EUR 750 million Green Bond issuance with maturity of 4-years and a call option in 3-years' time. In September 2024, EUR 18 million in senior preferred bons as part of a EUR 500 million Green Bond issuance with maturity of 6 years and a call option in 5-years' time. In June 2025, EUR 4 million in subordinated T2 bonds as part of a EUR 400 million issuance with maturity of 10.25NC5.25. In December 2025, EUR 16 million in senior non-preferred bonds as part of a EUR 500 million Green Bond issuance with maturity of 6.25 years and a call option in 5.25 year time. All bonds are listed on the Luxemburg Stock Exchange. The project supports the resilience and regulatory compliance of mBank, the fifth largest commercial and systemically important institution in Poland, building resilience to market shocks by contributing to the gradual build-up of its loss absorption capacity in the form of eligible bail-in-able instruments. The project also delivers on the Bank's green agenda and national green economy priorities for Poland.European Bank for Reconstruction and DevelopmentMBANKEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.0117883000000MBANKPRIVATEPRIVATEPRIVATETo date EBRD invested a total of EUR 68 million in four of mBank's MREL issuances: In September 2023, EUR 30 million in senior non preferred bonds as part of a EUR 750 million Green Bond issuance with maturity of 4-years and a call option in 3-years' time. In September 2024, EUR 18 million in senior preferred bons as part of a EUR 500 million Green Bond issuance with maturity of 6 years and a call option in 5-years' time. In June 2025, EUR 4 million in subordinated T2 bonds as part of a EUR 400 million issuance with maturity of 10.25NC5.25. In December 2025, EUR 16 million in senior non-preferred bonds as part of a EUR 500 million Green Bond issuance with maturity of 6.25 years and a call option in 5.25 year time. All bonds are listed on the Luxemburg Stock Exchange. The project supports the resilience and regulatory compliance of mBank, the fifth largest commercial and systemically important institution in Poland, building resilience to market shocks by contributing to the gradual build-up of its loss absorption capacity in the form of eligible bail-in-able instruments. The project also delivers on the Bank's green agenda and national green economy priorities for Poland. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53460XI-IATI-EBRD-54875European Bank for Reconstruction and DevelopmentA senior loan of up to €10.5 million to State Communal Enterprise "Lutskteplo" (the "Company") to finance the modernization of the DH system in the City of Lutsk (the "City"). The EBRD loan is a part of a broader financial package, which includes a €4.2 million investment grant from the EU Neighbourhood Investment Platform ("EU NIP") and a €1.0 million co-financing from the City. The Project builds upon the achievements of and lessons from the previous DH project in the City of Lutsk, which was financed by the EBRD, Clean Technology Fund and Eastern Europe Energy Efficiency and Environment Partnership. The EBRD loan and the investment grant from the EU NIP will be used to finance i) the replacement and interconnection of DH networks along with optimization of their diameters; (ii) the installation of heat pumps and biomass-fired boiler(s); and iii) the installation of dispatching and monitoring system also known as SCADA. The total Green House Gas ("GHG") emission reduction from the Project implementation is calculated to be 10,191 tonnes of CO2e per annum.European Bank for Reconstruction and DevelopmentDISTRICT HEATING COMPANY LUTSKTEPLO OF THE CITY OF LUTSKEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGLUTSK50.75932 25.342441050000010500000DISTRICT HEATING COMPANY LUTSKTEPLO OF THE CITY OF LUTSKSTATESTATESTATESTATEA senior loan of up to €10.5 million to State Communal Enterprise "Lutskteplo" (the "Company") to finance the modernization of the DH system in the City of Lutsk (the "City"). The EBRD loan is a part of a broader financial package, which includes a €4.2 million investment grant from the EU Neighbourhood Investment Platform ("EU NIP") and a €1.0 million co-financing from the City. The Project builds upon the achievements of and lessons from the previous DH project in the City of Lutsk, which was financed by the EBRD, Clean Technology Fund and Eastern Europe Energy Efficiency and Environment Partnership. The EBRD loan and the investment grant from the EU NIP will be used to finance i) the replacement and interconnection of DH networks along with optimization of their diameters; (ii) the installation of heat pumps and biomass-fired boiler(s); and iii) the installation of dispatching and monitoring system also known as SCADA. The total Green House Gas ("GHG") emission reduction from the Project implementation is calculated to be 10,191 tonnes of CO2e per annum. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54875XI-IATI-EBRD-55245European Bank for Reconstruction and DevelopmentA Resilience and Livelihoods Guarantee ("RLG"), under the Resilience and Livelihoods Framework ("RLF"), in the form of an unfunded portfolio risk-sharing facility covering up to 50 per cent of the credit risk in sub-loans with the total value of up to EUR 100 million equivalent (the "Covered Portfolio") to be originated by Raiffeisen Bank JSC in Ukraine. The Project will be delivered in two tranches: (i) committed Tranche A amounting to EUR 60 million of the Covered Portfolio and; (ii) uncommitted Tranche B amounting to EUR 40 million of the Covered Portfolio. 20% of the RLG is part of the EU4Business-EBRD Credit Line with incentives (this sub-limit assigned with a separate EBRD project number 55246). The EBRD and the EU support investment projects of local small and medium enterprises ("SMEs") across the Eastern Partnership region. The EBRD enables financing of long-term capital investments of SMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of the sub-limit), thereby enhancing businesses' competitiveness. The EU and the US complement the offer with incentive grants and technical assistance under its EU4Business initiative. The Facility will be used to support lending to Ukrainian private companies operating in the primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in Ukraine.European Bank for Reconstruction and DevelopmentRAIFFEISEN BANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.52384000000040000000RAIFFEISEN BANK JSCPRIVATEPRIVATEPRIVATEA Resilience and Livelihoods Guarantee ("RLG"), under the Resilience and Livelihoods Framework ("RLF"), in the form of an unfunded portfolio risk-sharing facility covering up to 50 per cent of the credit risk in sub-loans with the total value of up to EUR 100 million equivalent (the "Covered Portfolio") to be originated by Raiffeisen Bank JSC in Ukraine. The Project will be delivered in two tranches: (i) committed Tranche A amounting to EUR 60 million of the Covered Portfolio and; (ii) uncommitted Tranche B amounting to EUR 40 million of the Covered Portfolio. 20% of the RLG is part of the EU4Business-EBRD Credit Line with incentives (this sub-limit assigned with a separate EBRD project number 55246). The EBRD and the EU support investment projects of local small and medium enterprises ("SMEs") across the Eastern Partnership region. The EBRD enables financing of long-term capital investments of SMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of the sub-limit), thereby enhancing businesses' competitiveness. The EU and the US complement the offer with incentive grants and technical assistance under its EU4Business initiative. The Facility will be used to support lending to Ukrainian private companies operating in the primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55245XI-IATI-EBRD-50839European Bank for Reconstruction and Development€ 140.0 million loan to Communal Enterprise "Kyivteploenergo" (Company), split into two equal tranches, to finance critical rehabilitation and modernisation of the district heating infrastructure in the city of Kyiv. The project is a part of the Green Cities Framework 2 designed to serve as a sector-wide catalyst for addressing environmental challenges in municipalities. The Project aims to provide sustainable and efficient operation of the existing combined heat and power plants and boiler houses in the city of Kyiv, improve the reliability of heat transportation, address other critical challenges in rehabilitating and modernizing the city's district heating system, enhance the quality of heat and hot water services to residential and non-residential customers and improve the Company's operational and financial performance and capacity.European Bank for Reconstruction and DevelopmentKYIVTEPLOENERGO CEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.52387000000070000000KYIVTEPLOENERGO CESTATESTATESTATESTATE€ 140.0 million loan to Communal Enterprise "Kyivteploenergo" (Company), split into two equal tranches, to finance critical rehabilitation and modernisation of the district heating infrastructure in the city of Kyiv. The project is a part of the Green Cities Framework 2 designed to serve as a sector-wide catalyst for addressing environmental challenges in municipalities. The Project aims to provide sustainable and efficient operation of the existing combined heat and power plants and boiler houses in the city of Kyiv, improve the reliability of heat transportation, address other critical challenges in rehabilitating and modernizing the city's district heating system, enhance the quality of heat and hot water services to residential and non-residential customers and improve the Company's operational and financial performance and capacity. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50839XI-IATI-EBRD-51293European Bank for Reconstruction and DevelopmentProvision of a sovereign loan of up to EUR 236 million to co-finance the construction of the 24-km Southern section of the Sisian-Kajaran road (the "Project"), part of the international North-South Road Corridor ("NSRC"). The Sisian-Kajaran road also consists of the Bargushat tunnel and the Northern road section, expected to be financed by the European Investment Bank ("EIB"), the Asian Development Bank ("ADB"), and the Government of Armenia. The Project is critical for Armenia's national and regional connectivity, and is expected to substantially reduce the travel distance (from 130 km to 60 km) and the travel time (from the current 3-4 hours down to one hour) and provide a faster and safer connection between Armenia's remote southern region of Syunik with Yerevan, the rest of the country and, subsequently, the EU via Georgia and the Black Sea. The Project is included under the EU Global Gateways, and it is also aligned with two EU Flagship Initiatives for Armenia under the EU's Economic and Investment Plan, including Flagship No. 2("Improved land transport connectivity, including through the implementation of priority projects identified in the Indicative Trans-European Transport Network ("TEN-T") Investment Action Plan") and Flagship No. 4 ("Building Resilience in the Southern Regions of Armenia"), which aim to contribute to the sustainable socioeconomic and institutional development of Syunik region, Armenia's southern and less connected area. The Project is also a part of EBRD's response for Armenia's refugee crisis, as it will contribute towards resilience of the most impacted southern region of Syunik.European Bank for Reconstruction and DevelopmentARMENIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYEREVAN40.18111 44.51361233640000236000000ARMENIA SOVEREIGN2360000ARMENIA SOVEREIGNSTATESTATESTATESTATEProvision of a sovereign loan of up to EUR 236 million to co-finance the construction of the 24-km Southern section of the Sisian-Kajaran road (the "Project"), part of the international North-South Road Corridor ("NSRC"). The Sisian-Kajaran road also consists of the Bargushat tunnel and the Northern road section, expected to be financed by the European Investment Bank ("EIB"), the Asian Development Bank ("ADB"), and the Government of Armenia. The Project is critical for Armenia's national and regional connectivity, and is expected to substantially reduce the travel distance (from 130 km to 60 km) and the travel time (from the current 3-4 hours down to one hour) and provide a faster and safer connection between Armenia's remote southern region of Syunik with Yerevan, the rest of the country and, subsequently, the EU via Georgia and the Black Sea. The Project is included under the EU Global Gateways, and it is also aligned with two EU Flagship Initiatives for Armenia under the EU's Economic and Investment Plan, including Flagship No. 2("Improved land transport connectivity, including through the implementation of priority projects identified in the Indicative Trans-European Transport Network ("TEN-T") Investment Action Plan") and Flagship No. 4 ("Building Resilience in the Southern Regions of Armenia"), which aim to contribute to the sustainable socioeconomic and institutional development of Syunik region, Armenia's southern and less connected area. The Project is also a part of EBRD's response for Armenia's refugee crisis, as it will contribute towards resilience of the most impacted southern region of Syunik. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51293XI-IATI-EBRD-55458European Bank for Reconstruction and DevelopmentA senior loan of up to EUR 12 million, to provide emergency liquidity support to the City of Kryvyi Rih (the "City") and its key municipal utilities and public transport operators (the "Recipients"), to mitigate the effect of the ongoing war on the City's financial position (the "Project"). Kryvyi Rih and its municipal operators have been under significant pressure to maintain municipal services while facing financial constraints due to temporary revenue losses/additional operating expenses caused by the war and refugee crisis. The expected recipients of liquidity support from the City are: (i) the Communal Enterprise "Miskyi Troleybus", existing client of the Bank under UPTF - Kryvyi Rih Trolleybus (OP ID 48988), (ii) the Communal Enterprise "Shvydkisnyi Tramvay", (iii) Communal Enterprise "Kryvbasvodokanal" and (iv) Communal Enterprise "Kryvorizhteplomerezha". Given war-related risks, the loan will benefit from a guarantee from Spain, which will cover 40% of the proposed loan and will be structured on a pari pasu basis. The proceeds of the Bank's loan will support liquidity of the City's key municipal utilities and public transport companies to: (i) compensate for temporary revenue losses and additional expenses due to the ongoing war (including those driven by IDPs) and (ii) support the vital municipal operators with the day-to-day running costs (i.e., payroll, etc.), operating and maintenance costs, servicing the debt under the existing project with EBRD (if required). The loan proceeds will be channelled by the City to the Recipients via equity injections or other forms of municipal payment support. The Project is consistent with the "War on Ukraine - EBRD Resilience Package".European Bank for Reconstruction and DevelopmentCITY OF KRYVYI RIHEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKRYVYI RIH47.90966 33.3804412000000CITY OF KRYVYI RIH5000000CITY OF KRYVYI RIH5000000CITY OF KRYVYI RIH2000000CITY OF KRYVYI RIHSTATESTATESTATESTATEA senior loan of up to EUR 12 million, to provide emergency liquidity support to the City of Kryvyi Rih (the "City") and its key municipal utilities and public transport operators (the "Recipients"), to mitigate the effect of the ongoing war on the City's financial position (the "Project"). Kryvyi Rih and its municipal operators have been under significant pressure to maintain municipal services while facing financial constraints due to temporary revenue losses/additional operating expenses caused by the war and refugee crisis. The expected recipients of liquidity support from the City are: (i) the Communal Enterprise "Miskyi Troleybus", existing client of the Bank under UPTF - Kryvyi Rih Trolleybus (OP ID 48988), (ii) the Communal Enterprise "Shvydkisnyi Tramvay", (iii) Communal Enterprise "Kryvbasvodokanal" and (iv) Communal Enterprise "Kryvorizhteplomerezha". Given war-related risks, the loan will benefit from a guarantee from Spain, which will cover 40% of the proposed loan and will be structured on a pari pasu basis. The proceeds of the Bank's loan will support liquidity of the City's key municipal utilities and public transport companies to: (i) compensate for temporary revenue losses and additional expenses due to the ongoing war (including those driven by IDPs) and (ii) support the vital municipal operators with the day-to-day running costs (i.e., payroll, etc.), operating and maintenance costs, servicing the debt under the existing project with EBRD (if required). The loan proceeds will be channelled by the City to the Recipients via equity injections or other forms of municipal payment support. The Project is consistent with the "War on Ukraine - EBRD Resilience Package". For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55458XI-IATI-EBRD-51125European Bank for Reconstruction and DevelopmentProvision of a Green Bilateral Senior Non-Preferred ("SNP") Loan of PLN 450 million (EUR 100 million equivalent) to BNP Paribas Polska ("BNPP PL") for on-lending to individual homeowners to finance residential energy efficiency projects. The project will promote investments in energy efficiency measures in residential buildings through one of the leading banks in Poland, contributing to energy savings and CO2 emission reductions. This will also contribute to addressing the vital issue of air pollution in the country, whereby Poland exhibits one of the highest air pollutions in Europe due to the reliance on coal.European Bank for Reconstruction and DevelopmentBNP PARIBAS BANK POLSKA SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.01178104702199.03BNP PARIBAS BANK POLSKA SAPRIVATEPRIVATEPRIVATEProvision of a Green Bilateral Senior Non-Preferred ("SNP") Loan of PLN 450 million (EUR 100 million equivalent) to BNP Paribas Polska ("BNPP PL") for on-lending to individual homeowners to finance residential energy efficiency projects. The project will promote investments in energy efficiency measures in residential buildings through one of the leading banks in Poland, contributing to energy savings and CO2 emission reductions. This will also contribute to addressing the vital issue of air pollution in the country, whereby Poland exhibits one of the highest air pollutions in Europe due to the reliance on coal. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51125XI-IATI-EBRD-53653European Bank for Reconstruction and DevelopmentThe provision of a senior loan of up to US$ 3.0 million equivalent in local currency to Closed Joint-Stock Company Demir Kyrgyz International Bank (DKIB) based in the Kyrgyz Republic. The project will continuously support a well performing and a long-standing partner of the Bank in Kyrgyz Republic with particular focus on MSME lending.European Bank for Reconstruction and DevelopmentDEMIR KYRGYZ INTERNATIONAL BANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBISHKEK42.87 74.592612766DEMIR KYRGYZ INTERNATIONAL BANK CJSCPRIVATEPRIVATEPRIVATEThe provision of a senior loan of up to US$ 3.0 million equivalent in local currency to Closed Joint-Stock Company Demir Kyrgyz International Bank (DKIB) based in the Kyrgyz Republic. The project will continuously support a well performing and a long-standing partner of the Bank in Kyrgyz Republic with particular focus on MSME lending. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53653XI-IATI-EBRD-55205European Bank for Reconstruction and DevelopmentThe provision of a three-year senior loan (MSME Loan II) of up to US$ 10 million in the local currency equivalent to Ipak Yuli Bank (IYB), a major private bank in Uzbekistan. The Loan will be provided under the Financial Intermediaries Framework (FIF). Loan proceeds will be on-lent to local small and medium companies and private entrepreneurs as per the eligibility criteria defined in the Policy Statement for SMEs. The MSME Loan II will enable Ipak Yuli Bank to maintain diversification of its funding base, extend duration of its liabilities and expand financing of MSMEs in Uzbekistan at a multiple of the EBRD financing.European Bank for Reconstruction and DevelopmentIPAK YULI JOINT-STOCK INNOVATION COMMERCIAL BANKEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.216279228809.23IPAK YULI JOINT-STOCK INNOVATION COMMERCIAL BANKPRIVATEPRIVATEPRIVATEThe provision of a three-year senior loan (MSME Loan II) of up to US$ 10 million in the local currency equivalent to Ipak Yuli Bank (IYB), a major private bank in Uzbekistan. The Loan will be provided under the Financial Intermediaries Framework (FIF). Loan proceeds will be on-lent to local small and medium companies and private entrepreneurs as per the eligibility criteria defined in the Policy Statement for SMEs. The MSME Loan II will enable Ipak Yuli Bank to maintain diversification of its funding base, extend duration of its liabilities and expand financing of MSMEs in Uzbekistan at a multiple of the EBRD financing. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55205XI-IATI-EBRD-52946European Bank for Reconstruction and DevelopmentThe provision of a senior loan of up to US$ 50 million (in US$ and/or KZT equivalent) to Shokpar Wind Power Station LLP for the development, construction, and operation of a wind power plant with an installed capacity of 100MW located in Sarysu district of Zhambyl region. The project will support Kazakhstan in its objective to increase the share of renewable energy in the energy mix, contribute to reducing Kazakhstan's carbon intensity, and address the country's increasing electricity demand.European Bank for Reconstruction and DevelopmentSHOKPAR WIND POWER STATION LLPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGZHANATAS43.56222 69.7342832187148.76SHOKPAR WIND POWER STATION LLPPRIVATEPRIVATEPRIVATEThe provision of a senior loan of up to US$ 50 million (in US$ and/or KZT equivalent) to Shokpar Wind Power Station LLP for the development, construction, and operation of a wind power plant with an installed capacity of 100MW located in Sarysu district of Zhambyl region. The project will support Kazakhstan in its objective to increase the share of renewable energy in the energy mix, contribute to reducing Kazakhstan's carbon intensity, and address the country's increasing electricity demand. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52946XI-IATI-EBRD-47229European Bank for Reconstruction and DevelopmentA sovereign-guaranteed loan of up to USD 158 million to JSC NC Kazautozhol for the reconstruction and widening of two adjucent sections (81km and 62km) of the Kurty-Burybaital road ("the Project"), a part of the Centre-South road corridor connecting the country's two major cities: Almaty and Nur-Sultan. Total length of the Kurty-Burybaital road is 228 km and reconstruction of the remaining section (85 km) is financed by the World Bank. Full reconstruction of roads within the transport corridor connecting Nur-Sultan and Almaty ('Center-South Corridor') is part of the Kazakhstan Strategic Plan 2020. The Kazakh Government is very close to completing the implementation of this strategic plan, with the major part or roads within the Center-South Corridor already having been rehabilitated. The remaining 228 km long section between the villages Kurty and Buribaytal (the 'Road'), which remains in poor condition, restrains the transit of goods and passengers between the two main cities of Kazakhstan.European Bank for Reconstruction and DevelopmentKAZAVTOZHOL JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGASTANA51.1801 71.4459890168957.37KAZAVTOZHOL JSC849163.97KAZAVTOZHOL JSC123257.08KAZAVTOZHOL JSC6932124.98KAZAVTOZHOL JSC1684817.67KAZAVTOZHOL JSC190870.59KAZAVTOZHOL JSC141744.83KAZAVTOZHOL JSC221158.85KAZAVTOZHOL JSC52394.41KAZAVTOZHOL JSC831744.11KAZAVTOZHOL JSC49685.43KAZAVTOZHOL JSC51830.41KAZAVTOZHOL JSC447062.76KAZAVTOZHOL JSC646123.16KAZAVTOZHOL JSC55360.54KAZAVTOZHOL JSC567696.07KAZAVTOZHOL JSC49408.34KAZAVTOZHOL JSC1457807.64KAZAVTOZHOL JSC882615.76KAZAVTOZHOL JSC49792.43KAZAVTOZHOL JSC32405.38KAZAVTOZHOL JSC43947.26KAZAVTOZHOL JSC45656.06KAZAVTOZHOL JSC479018.26KAZAVTOZHOL JSC773373.97KAZAVTOZHOL JSC745097.26KAZAVTOZHOL JSC746270.14KAZAVTOZHOL JSC202737.35KAZAVTOZHOL JSC53934.78KAZAVTOZHOL JSC50777.01KAZAVTOZHOL JSC480821.08KAZAVTOZHOL JSC1889037.3KAZAVTOZHOL JSC2269718.69KAZAVTOZHOL JSC104342.9KAZAVTOZHOL JSC38099.89KAZAVTOZHOL JSC1133945.68KAZAVTOZHOL JSC1345654.45KAZAVTOZHOL JSC246155.53KAZAVTOZHOL JSC47754.95KAZAVTOZHOL JSC50015.85KAZAVTOZHOL JSC761283.23KAZAVTOZHOL JSC713324.53KAZAVTOZHOL JSC29820.77KAZAVTOZHOL JSC37617.76KAZAVTOZHOL JSC471504.18KAZAVTOZHOL JSC41298.49KAZAVTOZHOL JSC602755.34KAZAVTOZHOL JSC41971.29KAZAVTOZHOL JSC507008.55KAZAVTOZHOL JSC42288.41KAZAVTOZHOL JSC414990.97KAZAVTOZHOL JSC76918.22KAZAVTOZHOL JSC42270.68KAZAVTOZHOL JSC16537.17KAZAVTOZHOL JSC27044.65KAZAVTOZHOL JSC624837.12KAZAVTOZHOL JSC112333.27KAZAVTOZHOL JSC36185.42KAZAVTOZHOL JSC767089.09KAZAVTOZHOL JSC139473.19KAZAVTOZHOL JSC840107.25KAZAVTOZHOL JSC42272.54KAZAVTOZHOL JSC42186.33KAZAVTOZHOL JSC1118473.5KAZAVTOZHOL JSC41917.49KAZAVTOZHOL JSC1585971.63KAZAVTOZHOL JSC1178139.05KAZAVTOZHOL JSC293550.12KAZAVTOZHOL JSC41688.81KAZAVTOZHOL JSC19570.15KAZAVTOZHOL JSC5877973.05KAZAVTOZHOL JSC1367044.79KAZAVTOZHOL JSC1950352.3KAZAVTOZHOL JSC320308.96KAZAVTOZHOL JSC194044.64KAZAVTOZHOL JSC1187903.48KAZAVTOZHOL JSC3393762.81KAZAVTOZHOL JSC760980.18KAZAVTOZHOL JSC1605408.52KAZAVTOZHOL JSC86693.15KAZAVTOZHOL JSC1265114.79KAZAVTOZHOL JSC1208048.51KAZAVTOZHOL JSC43685.22KAZAVTOZHOL JSC17809.52KAZAVTOZHOL JSC4317020.25KAZAVTOZHOL JSC743005.82KAZAVTOZHOL JSC778401.76KAZAVTOZHOL JSC162684.43KAZAVTOZHOL JSC27600.75KAZAVTOZHOL JSC1233699.84KAZAVTOZHOL JSC209203.71KAZAVTOZHOL JSC817271.41KAZAVTOZHOL JSC55805.58KAZAVTOZHOL JSC2998134.36KAZAVTOZHOL JSC29009.2KAZAVTOZHOL JSC354736.79KAZAVTOZHOL JSC25654.79KAZAVTOZHOL JSC2427502.59KAZAVTOZHOL JSC1992883.85KAZAVTOZHOL JSC30730.46KAZAVTOZHOL JSC20239.71KAZAVTOZHOL JSC38106.16KAZAVTOZHOL JSC16003.44KAZAVTOZHOL JSC13827.5KAZAVTOZHOL JSC9305.61KAZAVTOZHOL JSC37438.43KAZAVTOZHOL JSC1983492.8KAZAVTOZHOL JSC2381140.69KAZAVTOZHOL JSC29790.88KAZAVTOZHOL JSC14909.66KAZAVTOZHOL JSCSTATESTATESTATESTATEA sovereign-guaranteed loan of up to USD 158 million to JSC NC Kazautozhol for the reconstruction and widening of two adjucent sections (81km and 62km) of the Kurty-Burybaital road ("the Project"), a part of the Centre-South road corridor connecting the country's two major cities: Almaty and Nur-Sultan. Total length of the Kurty-Burybaital road is 228 km and reconstruction of the remaining section (85 km) is financed by the World Bank. Full reconstruction of roads within the transport corridor connecting Nur-Sultan and Almaty ('Center-South Corridor') is part of the Kazakhstan Strategic Plan 2020. The Kazakh Government is very close to completing the implementation of this strategic plan, with the major part or roads within the Center-South Corridor already having been rehabilitated. The remaining 228 km long section between the villages Kurty and Buribaytal (the 'Road'), which remains in poor condition, restrains the transit of goods and passengers between the two main cities of Kazakhstan. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47229XI-IATI-EBRD-49359European Bank for Reconstruction and DevelopmentThe provision of a sovereign loan of up to US$ 60 million (€50 million) to the Republic of Uzbekistan to be on-lent and/or granted to the water utility Limited Liability Company Namangan Suv Ta'minoti, formerly known as the State Unitary Enterprise Namangan Suvokova to finance its Priority Investment Programme (PIP). The PIP includes such investments in water and wastewater infrastructure of Namangan oblast as the rehabilitation of water and wastewater networks and pumping stations, the construction of water and wastewater treatment plants, laboratory equipment and the extension of metering coverage in the city of Namangan. These components are aimed at improving water quality, access to safe drinking water and wastewater treatment services. The Project is expected to increase the number of people connected to safe water by 280,000, increase the volume of treated wastewater, reduce water losses and secure energy savings.European Bank for Reconstruction and DevelopmentUZBEKISTAN SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.2162724888636.2752525606.23UZBEKISTAN SOVEREIGN525256.06UZBEKISTAN SOVEREIGN87542.68UZBEKISTAN SOVEREIGN449794.27UZBEKISTAN SOVEREIGN590781.76UZBEKISTAN SOVEREIGN127310.69UZBEKISTAN SOVEREIGN11734.05UZBEKISTAN SOVEREIGN187942.75UZBEKISTAN SOVEREIGN141275.66UZBEKISTAN SOVEREIGN157494.14UZBEKISTAN SOVEREIGN960732.09UZBEKISTAN SOVEREIGN143580.58UZBEKISTAN SOVEREIGN182526.48UZBEKISTAN SOVEREIGN308916.22UZBEKISTAN SOVEREIGN1640730.49UZBEKISTAN SOVEREIGN396009.3UZBEKISTAN SOVEREIGN1377673.9UZBEKISTAN SOVEREIGN556893.84UZBEKISTAN SOVEREIGN96809.59UZBEKISTAN SOVEREIGN1578961.38UZBEKISTAN SOVEREIGN288642.74UZBEKISTAN SOVEREIGN668165.71UZBEKISTAN SOVEREIGN73386.92UZBEKISTAN SOVEREIGN1141895.48UZBEKISTAN SOVEREIGN1176161.02UZBEKISTAN SOVEREIGN187615.34UZBEKISTAN SOVEREIGN460176.12UZBEKISTAN SOVEREIGN373448.29UZBEKISTAN SOVEREIGN1386764.84UZBEKISTAN SOVEREIGN224302.72UZBEKISTAN SOVEREIGN357829.48UZBEKISTAN SOVEREIGN729067.79UZBEKISTAN SOVEREIGN363647.86UZBEKISTAN SOVEREIGN47871.49UZBEKISTAN SOVEREIGN674776.91UZBEKISTAN SOVEREIGN185068.58UZBEKISTAN SOVEREIGN970345.07UZBEKISTAN SOVEREIGN248614.92UZBEKISTAN SOVEREIGN185876.12UZBEKISTAN SOVEREIGN360553.9UZBEKISTAN SOVEREIGN626305.81UZBEKISTAN SOVEREIGN423852UZBEKISTAN SOVEREIGN266725.78UZBEKISTAN SOVEREIGN176374.58UZBEKISTAN SOVEREIGN176764.37UZBEKISTAN SOVEREIGN2968784.22UZBEKISTAN SOVEREIGN146378.74UZBEKISTAN SOVEREIGN330773.68UZBEKISTAN SOVEREIGN1509692.66UZBEKISTAN SOVEREIGN177925.94UZBEKISTAN SOVEREIGN805547.29UZBEKISTAN SOVEREIGN281455.12UZBEKISTAN SOVEREIGN120212.54UZBEKISTAN SOVEREIGNSTATESTATESTATESTATEThe provision of a sovereign loan of up to US$ 60 million (€50 million) to the Republic of Uzbekistan to be on-lent and/or granted to the water utility Limited Liability Company Namangan Suv Ta'minoti, formerly known as the State Unitary Enterprise Namangan Suvokova to finance its Priority Investment Programme (PIP). The PIP includes such investments in water and wastewater infrastructure of Namangan oblast as the rehabilitation of water and wastewater networks and pumping stations, the construction of water and wastewater treatment plants, laboratory equipment and the extension of metering coverage in the city of Namangan. These components are aimed at improving water quality, access to safe drinking water and wastewater treatment services. The Project is expected to increase the number of people connected to safe water by 280,000, increase the volume of treated wastewater, reduce water losses and secure energy savings. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49359XI-IATI-EBRD-55651European Bank for Reconstruction and DevelopmentThe provision of a sovereign loan of up to € 40 million to the Republic of Uzbekistan for the benefit of the JSC "Uzbekistan Temir Yollari" ("UTY" or "Company"), to part-finance the UTY's digital transformation programme, which includes the introduction of software for traffic management, transport management, and selected cybersecurity systems ("Project"). The Project will support the UTY's digital transformation, enhancing operational efficiency, safety, reliability and service quality as well as promoting cost efficiency through a digitalisation and automation in transportation and train traffic management. These improvements will enable UTY to better control its operations, respond more effectively to service demands, and make informed decisions based on accurate, timely data.European Bank for Reconstruction and DevelopmentUZBEKISTAN SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.216273840000038400000UZBEKISTAN SOVEREIGNSTATESTATESTATESTATEThe provision of a sovereign loan of up to € 40 million to the Republic of Uzbekistan for the benefit of the JSC "Uzbekistan Temir Yollari" ("UTY" or "Company"), to part-finance the UTY's digital transformation programme, which includes the introduction of software for traffic management, transport management, and selected cybersecurity systems ("Project"). The Project will support the UTY's digital transformation, enhancing operational efficiency, safety, reliability and service quality as well as promoting cost efficiency through a digitalisation and automation in transportation and train traffic management. These improvements will enable UTY to better control its operations, respond more effectively to service demands, and make informed decisions based on accurate, timely data. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55651XI-IATI-EBRD-49644European Bank for Reconstruction and DevelopmentParticipation in a shareholders' cash contribution to capital for Bank Audi SAL, convertible to common shares. Support the capital increase of a systemic player to comply with increased prudential ratios by the Central Bank of Lebanon.European Bank for Reconstruction and DevelopmentBANK AUDI SALEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBEIRUT33.89332 35.5015752959952.92BANK AUDI SALPRIVATEPRIVATEPRIVATEParticipation in a shareholders' cash contribution to capital for Bank Audi SAL, convertible to common shares. Support the capital increase of a systemic player to comply with increased prudential ratios by the Central Bank of Lebanon. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49644XI-IATI-EBRD-47085European Bank for Reconstruction and DevelopmentThe proposed investment involves providing debt financing for construction and operation of a 66-km ring road around Almaty in Kazakhstan (the "Project"), to be undertaken by BAKAD Investment and Operation LLP (the "Project Company"), a limited liability partnership established in Kazakhstan. The Project is being developed under a 20-year concession agreement signed on February 8, 2018. The Project is expected to: (i) divert transit traffic away from Almaty, and thus contribute to the reduction of the city's pollution; (ii) reduce traffic congestion and commuting time to and within Almaty; (iii) reduce road accidents, improve the capacity and competitiveness of the trans-Kazakhstan transit routes; (iv) enable increased regional and international trade as the Project forms part of the Western Europe - Western China transcontinental highway; (v) encourage the use of the PPP / concession framework in other sectors and projects in Kazakhstan, as the Project is the first PPP project in the country and the first large infrastructure project to be completed with private capital outside the commodities sector.European Bank for Reconstruction and DevelopmentBAKAD INVESTMENT AND OPERATION LLPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGALMATY43.25667 76.928610.01201348158.05BAKAD INVESTMENT AND OPERATION LLPPRIVATEPRIVATEPRIVATEThe proposed investment involves providing debt financing for construction and operation of a 66-km ring road around Almaty in Kazakhstan (the "Project"), to be undertaken by BAKAD Investment and Operation LLP (the "Project Company"), a limited liability partnership established in Kazakhstan. The Project is being developed under a 20-year concession agreement signed on February 8, 2018. The Project is expected to: (i) divert transit traffic away from Almaty, and thus contribute to the reduction of the city's pollution; (ii) reduce traffic congestion and commuting time to and within Almaty; (iii) reduce road accidents, improve the capacity and competitiveness of the trans-Kazakhstan transit routes; (iv) enable increased regional and international trade as the Project forms part of the Western Europe - Western China transcontinental highway; (v) encourage the use of the PPP / concession framework in other sectors and projects in Kazakhstan, as the Project is the first PPP project in the country and the first large infrastructure project to be completed with private capital outside the commodities sector. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47085XI-IATI-EBRD-53063European Bank for Reconstruction and DevelopmentThe provision of long-term senior debt of up to US$ 35.2 million for the development, construction and operation of a solar photovoltaic power plant with an installed capacity of 220 MW on a site located in the Jizzakh region of Uzbekistan (project). The project will be developed by a newly established special purpose vehicle in Uzbekistan, which will act as the borrower for the project financings. Abu Dhabi Future Energy Company PJSC (Masdar) will act as the sponsor for the Project. The Project will contribute to the strategic priority of the government of Uzbekistan to increase the share of renewable projects in the national energy mix. It will contribute to the mitigation of climate change impact by adding 220 MW of solar generation capacity to the national energy system and will assist the country in its low-carbon transition drive.European Bank for Reconstruction and DevelopmentNUR JIZZAKH SOLAR PV FE LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.2162725432763.72NUR JIZZAKH SOLAR PV FE LLCPRIVATEPRIVATEPRIVATEThe provision of long-term senior debt of up to US$ 35.2 million for the development, construction and operation of a solar photovoltaic power plant with an installed capacity of 220 MW on a site located in the Jizzakh region of Uzbekistan (project). The project will be developed by a newly established special purpose vehicle in Uzbekistan, which will act as the borrower for the project financings. Abu Dhabi Future Energy Company PJSC (Masdar) will act as the sponsor for the Project. The Project will contribute to the strategic priority of the government of Uzbekistan to increase the share of renewable projects in the national energy mix. It will contribute to the mitigation of climate change impact by adding 220 MW of solar generation capacity to the national energy system and will assist the country in its low-carbon transition drive. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53063XI-IATI-EBRD-50218European Bank for Reconstruction and DevelopmentThe provision of a long-term senior debt of up to US$ 32 million in KZT equivalent for the development, construction and operation of a solar photovoltaic power plant with an installed capacity of 50 MWp located in the Chulakkurgan district, south of Kazakhstan. The project will support Kazakhstan in increasing the share of renewable energy in Kazakhstan's energy mix and will contribute to achieving the country's goal of non-hydro renewable energy accounting for 3 per cent of all power generation by 2020.European Bank for Reconstruction and DevelopmentYUKSES 50 LLPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCHULAKKURGAN43.76453 69.1785630590132.56YUKSES 50 LLPPRIVATEPRIVATEPRIVATEThe provision of a long-term senior debt of up to US$ 32 million in KZT equivalent for the development, construction and operation of a solar photovoltaic power plant with an installed capacity of 50 MWp located in the Chulakkurgan district, south of Kazakhstan. The project will support Kazakhstan in increasing the share of renewable energy in Kazakhstan's energy mix and will contribute to achieving the country's goal of non-hydro renewable energy accounting for 3 per cent of all power generation by 2020. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50218XI-IATI-EBRD-51186European Bank for Reconstruction and DevelopmentA senior loan of up to USD 60 million (EUR 52 million) in favour of TAV Kazakhstan LLP, a special purpose vehicle incorporated in Kazakhstan, and its two operating subsidiaries Almaty International Airport JSC, which owns the eponymous airport, and Venus Trading LLP, which provides refuelling services (jointly, the "Co-Borrowers"). The transaction is an extension in form of an additional tranche of Project ID 51186 signed in September 2021 that enabled acquisition of AIA and construction of an international passenger terminal (the "Original Transaction") by TAV Havalimanlari Holding A.S. (TAV Holding) and Kazakhstan Infrastructure Fund (jointly, the "Sponsors"). In terms of passenger numbers, ALA is the biggest airport in Central Asia (served 11.4 million passengers in 2024). With the construction of a new international terminal under the Original Transaction, growing traffic in the coming years, additional investments are required to ensure compliance with international safety standards. Under the current proposal, EBRD will co-finance an investment programme of USD 420 million (EUR 361 million) to modernise and upgrade airside infrastructure, including runways, taxiways, aprons, and pavement.European Bank for Reconstruction and DevelopmentALMATY INTERNATIONAL AIRPORT JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGALMATY43.25667 76.92861131314015.58ALMATY INTERNATIONAL AIRPORT JSCPRIVATEPRIVATEPRIVATEA senior loan of up to USD 60 million (EUR 52 million) in favour of TAV Kazakhstan LLP, a special purpose vehicle incorporated in Kazakhstan, and its two operating subsidiaries Almaty International Airport JSC, which owns the eponymous airport, and Venus Trading LLP, which provides refuelling services (jointly, the "Co-Borrowers"). The transaction is an extension in form of an additional tranche of Project ID 51186 signed in September 2021 that enabled acquisition of AIA and construction of an international passenger terminal (the "Original Transaction") by TAV Havalimanlari Holding A.S. (TAV Holding) and Kazakhstan Infrastructure Fund (jointly, the "Sponsors"). In terms of passenger numbers, ALA is the biggest airport in Central Asia (served 11.4 million passengers in 2024). With the construction of a new international terminal under the Original Transaction, growing traffic in the coming years, additional investments are required to ensure compliance with international safety standards. Under the current proposal, EBRD will co-finance an investment programme of USD 420 million (EUR 361 million) to modernise and upgrade airside infrastructure, including runways, taxiways, aprons, and pavement. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51186XI-IATI-EBRD-53458European Bank for Reconstruction and DevelopmentA senior loan of up to USD 6 million equivalent to Ipak Yuli Bank in Uzbekistan. The loan will be provided under the Green Economy Financing Facility Uzbekistan ("GEFF Uzbekistan"). The proceeds of the loan will be on-lent to eligible Sub-borrowers implementing qualifying Sub-projects in line with the technical and financial eligibility criteria; Sub-borrowers will be entitled for Investment incentives according to the eligibility criteria. The loan will be offered in the local currency in two equal tranches of USD 3m equivalent each. Tranche 1 will be committed upon signing the loan agreement; Tranche 2 will be uncommitted and may become available at the sole discretion of the EBRD. Each tranche will have a tenor of three years, and will be disbursed in the UZS equivalents of the USD amounts calculated at or around the time of the relevant disbursements. The project will enable Ipak Yuli Bank to enhance its product offering and provide term financing to private clients in the country for investments in climate change mitigation and adaptation technologies and services supporting Green Economy Transition.European Bank for Reconstruction and DevelopmentIPAK YULI JOINT-STOCK INNOVATION COMMERCIAL BANKEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.216275138591.29IPAK YULI JOINT-STOCK INNOVATION COMMERCIAL BANKPRIVATEPRIVATEPRIVATEA senior loan of up to USD 6 million equivalent to Ipak Yuli Bank in Uzbekistan. The loan will be provided under the Green Economy Financing Facility Uzbekistan ("GEFF Uzbekistan"). The proceeds of the loan will be on-lent to eligible Sub-borrowers implementing qualifying Sub-projects in line with the technical and financial eligibility criteria; Sub-borrowers will be entitled for Investment incentives according to the eligibility criteria. The loan will be offered in the local currency in two equal tranches of USD 3m equivalent each. Tranche 1 will be committed upon signing the loan agreement; Tranche 2 will be uncommitted and may become available at the sole discretion of the EBRD. Each tranche will have a tenor of three years, and will be disbursed in the UZS equivalents of the USD amounts calculated at or around the time of the relevant disbursements. The project will enable Ipak Yuli Bank to enhance its product offering and provide term financing to private clients in the country for investments in climate change mitigation and adaptation technologies and services supporting Green Economy Transition. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53458XI-IATI-EBRD-51593European Bank for Reconstruction and DevelopmentThe EBRD is considering providing a sovereign loan to Bosnia and Herzegovina ("BiH") in the amount of up to EUR 220 million to be on-lent to the Federation of Bosnia and Herzegovina Motorways Ltd ("FBHM" or "Client") via Federation of Bosnia and Herzegovina ("FBH") for the construction of a new Corridor Vc motorway section of approximately 15 kilometres from the Mostar North Interchange to the Mostar South Interchange (Project). The Project is expected to benefit from an investment grant in the amount of EUR 150 million from the European Union ("EU") under the Western Balkans Investment Framework ("WBIF"). The project includes one interchange on the north end, a 2 km long tunnel in the middle of the section and roads connecting the motorway to the existing trunk road M17. The project is a follow on operation to the Bank's previous projects for the construction of key motorway sections of Corridor Vc in BiH which connects Port of Ploce in Croatia with Budapest and is part of the Western Balkans Core Network Support of BiH's economic development and contribution to its regional and European integration by improving connectivity between its main cities and between BiH and neighbouring countries.European Bank for Reconstruction and DevelopmentBOSNIA AND HERZEGOVINA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.35644108900000110000000BOSNIA AND HERZEGOVINA SOVEREIGN1100000BOSNIA AND HERZEGOVINA SOVEREIGNSTATESTATESTATESTATEThe EBRD is considering providing a sovereign loan to Bosnia and Herzegovina ("BiH") in the amount of up to EUR 220 million to be on-lent to the Federation of Bosnia and Herzegovina Motorways Ltd ("FBHM" or "Client") via Federation of Bosnia and Herzegovina ("FBH") for the construction of a new Corridor Vc motorway section of approximately 15 kilometres from the Mostar North Interchange to the Mostar South Interchange (Project). The Project is expected to benefit from an investment grant in the amount of EUR 150 million from the European Union ("EU") under the Western Balkans Investment Framework ("WBIF"). The project includes one interchange on the north end, a 2 km long tunnel in the middle of the section and roads connecting the motorway to the existing trunk road M17. The project is a follow on operation to the Bank's previous projects for the construction of key motorway sections of Corridor Vc in BiH which connects Port of Ploce in Croatia with Budapest and is part of the Western Balkans Core Network Support of BiH's economic development and contribution to its regional and European integration by improving connectivity between its main cities and between BiH and neighbouring countries. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51593XI-IATI-EBRD-56000European Bank for Reconstruction and DevelopmentThe provision of a loan of up to US$ 35 million equivalent to Joint Stock Innovation Commercial Bank 'Ipak Yuli' (Ipak Yuli Bank, IYB) (MSME Loan III). The proceeds will be used to finance eligible MSMEs in accordance with the standard requirements set in the Policy Statement for the Financial Intermediary Framework (FIF). The MSME Loan III will enable Ipak Yuli Bank to maintain diversification of its funding base, extend duration of its liabilities and expand financing of MSMEs, with the focus on women-led businesses, at a multiple of the EBRD financing.European Bank for Reconstruction and DevelopmentIPAK YULI JOINT-STOCK INNOVATION COMMERCIAL BANKEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.2162717603711.02IPAK YULI JOINT-STOCK INNOVATION COMMERCIAL BANKPRIVATEPRIVATEPRIVATEThe provision of a loan of up to US$ 35 million equivalent to Joint Stock Innovation Commercial Bank 'Ipak Yuli' (Ipak Yuli Bank, IYB) (MSME Loan III). The proceeds will be used to finance eligible MSMEs in accordance with the standard requirements set in the Policy Statement for the Financial Intermediary Framework (FIF). The MSME Loan III will enable Ipak Yuli Bank to maintain diversification of its funding base, extend duration of its liabilities and expand financing of MSMEs, with the focus on women-led businesses, at a multiple of the EBRD financing. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56000XI-IATI-EBRD-55937European Bank for Reconstruction and DevelopmentThe provision of a green loan (GEFF II Loan II) of up to US$ 30 million to Joint Stock Commercial Bank with Foreign Capital Hamkorbank (Hamkorbank) under Uzbekistan Green Economy Financing Facility II (GEFF II Uzbekistan). The proceeds of the loan will be on-lent to eligible sub-borrowers implementing qualifying sub-projects in line with the technical and financial eligibility criteria in accordance with the standard requirements set in the policy statement for the GEFF II Uzbekistan. The GEFF II Loan II will contribute towards building a green economy in Uzbekistan by facilitating the expansion of energy efficiency investments in a gender responsive way. The project builds on the successful implementation of previous green financing operations and will scale up Hamkorbank's green activities. Hamkorbank will benefit from a comprehensive technical assistance (TC) to strengthen the internal capacity for financing green projects.European Bank for Reconstruction and DevelopmentHAMKORBANK JSCBEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANDIJAN40.78338 72.3506711818261.4HAMKORBANK JSCBPRIVATEPRIVATEPRIVATEThe provision of a green loan (GEFF II Loan II) of up to US$ 30 million to Joint Stock Commercial Bank with Foreign Capital Hamkorbank (Hamkorbank) under Uzbekistan Green Economy Financing Facility II (GEFF II Uzbekistan). The proceeds of the loan will be on-lent to eligible sub-borrowers implementing qualifying sub-projects in line with the technical and financial eligibility criteria in accordance with the standard requirements set in the policy statement for the GEFF II Uzbekistan. The GEFF II Loan II will contribute towards building a green economy in Uzbekistan by facilitating the expansion of energy efficiency investments in a gender responsive way. The project builds on the successful implementation of previous green financing operations and will scale up Hamkorbank's green activities. Hamkorbank will benefit from a comprehensive technical assistance (TC) to strengthen the internal capacity for financing green projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55937XI-IATI-EBRD-52765European Bank for Reconstruction and DevelopmentThe provision of long-term senior debt of up to US$ 57.6 million for the development, construction and operation of a solar photovoltaic power plant with an installed capacity of 457 MW on a site located in the Sherabad district of the Surkhandarya Region of Uzbekistan (project). The project will be developed by a newly established special purpose vehicle in Uzbekistan, which will act as the borrower for the project financings. Abu Dhabi Future Energy Company PJSC (Masdar) will act as the sponsor for the project. The Project will contribute to the strategic priority of the government of Uzbekistan to increase the share of renewable projects in the national energy mix. It will contribute to the mitigation of climate change impact by adding 457 MW of solar generation capacity to the national energy system and will assist the country in its low-carbon transition drive.European Bank for Reconstruction and DevelopmentNUR SHERABAD SOLAR PV FE LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.216278764380.6445037202.14NUR SHERABAD SOLAR PV FE LLCPRIVATEPRIVATEPRIVATEThe provision of long-term senior debt of up to US$ 57.6 million for the development, construction and operation of a solar photovoltaic power plant with an installed capacity of 457 MW on a site located in the Sherabad district of the Surkhandarya Region of Uzbekistan (project). The project will be developed by a newly established special purpose vehicle in Uzbekistan, which will act as the borrower for the project financings. Abu Dhabi Future Energy Company PJSC (Masdar) will act as the sponsor for the project. The Project will contribute to the strategic priority of the government of Uzbekistan to increase the share of renewable projects in the national energy mix. It will contribute to the mitigation of climate change impact by adding 457 MW of solar generation capacity to the national energy system and will assist the country in its low-carbon transition drive. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52765XI-IATI-EBRD-50766European Bank for Reconstruction and DevelopmentProvision of a loan of up to USD 157 million (EUR 137.7 million) to the state of Mongolia to finance the expansion of a 202 km road in the north of Mongolia from Ulaanbaatar to Darkhan, the country's second-largest city. The road from Ulaanbaatar to Darkhan is an important artery of the Mongolian road network and also part of the China-Mongolia-Russia economic corridor. The current road is narrow, patchy and does not allow for the necessary traffic throughput. It is also dangerous, with at least 10 accident black spots seeing 20-150 accidents each per annum. In addition, some sections of the road were damaged by flooding in 2018. The new project forms Phase II of the reconstruction works and covers the widening of the road to 4 lanes. Phase I works, funded by a loan from the Asian Development Bank's (ADB), comprises the reconstruction of the existing 2-lane road. The original loan of up to USD 137 million was approved by the Board on 11 December 2019. The additional loan of up to USD 20 million to be approved by the Board on 23 February 2022 and is purported to finance the additional costs, stemming from the need to structurally align Phase I and Phase II. The goal is to increase the road capacity to be able to accomodate demand for both domestic and international journeys. Road safety and climate resilience will be improved substantially.European Bank for Reconstruction and DevelopmentMONGOLIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGULAANBAATAR47.90771 106.8832421782765.52137442002.98MONGOLIA SOVEREIGN1199334.68MONGOLIA SOVEREIGN6962065.56MONGOLIA SOVEREIGN3691619.4MONGOLIA SOVEREIGN85864.4MONGOLIA SOVEREIGN6207029.44MONGOLIA SOVEREIGN1189007.1MONGOLIA SOVEREIGN175085.35MONGOLIA SOVEREIGN3672993.92MONGOLIA SOVEREIGN466581.11MONGOLIA SOVEREIGN2564141.43MONGOLIA SOVEREIGN612222.59MONGOLIA SOVEREIGN2843817.86MONGOLIA SOVEREIGN1386541.96MONGOLIA SOVEREIGN140518.24MONGOLIA SOVEREIGN686590.38MONGOLIA SOVEREIGN963571.74MONGOLIA SOVEREIGN229793.17MONGOLIA SOVEREIGN706764.29MONGOLIA SOVEREIGN1888475.49MONGOLIA SOVEREIGN1471113.39MONGOLIA SOVEREIGN780757.36MONGOLIA SOVEREIGN902530.67MONGOLIA SOVEREIGN1589581.23MONGOLIA SOVEREIGN323958.52MONGOLIA SOVEREIGN3936898.48MONGOLIA SOVEREIGN3322578.87MONGOLIA SOVEREIGN59953.72MONGOLIA SOVEREIGN175085.35MONGOLIA SOVEREIGN731738.02MONGOLIA SOVEREIGN200618.5MONGOLIA SOVEREIGN1751386.3MONGOLIA SOVEREIGN182835.83MONGOLIA SOVEREIGN175506.96MONGOLIA SOVEREIGN2007299.07MONGOLIA SOVEREIGN1061714.87MONGOLIA SOVEREIGN3772092.03MONGOLIA SOVEREIGN2369727.52MONGOLIA SOVEREIGN835789.82MONGOLIA SOVEREIGN1328525.41MONGOLIA SOVEREIGN5866541.42MONGOLIA SOVEREIGN6790713.8MONGOLIA SOVEREIGN1654555.02MONGOLIA SOVEREIGN665517.93MONGOLIA SOVEREIGN1190084.29MONGOLIA SOVEREIGN3404538.26MONGOLIA SOVEREIGN2253363.82MONGOLIA SOVEREIGN1024998.52MONGOLIA SOVEREIGN889484.93MONGOLIA SOVEREIGN719432.77MONGOLIA SOVEREIGN1174967.96MONGOLIA SOVEREIGN2300734.96MONGOLIA SOVEREIGN778312.66MONGOLIA SOVEREIGN825495.73MONGOLIA SOVEREIGN154165.67MONGOLIA SOVEREIGN467123.87MONGOLIA SOVEREIGN830620.56MONGOLIA SOVEREIGN1900243.02MONGOLIA SOVEREIGN4402149.22MONGOLIA SOVEREIGN3150278.03MONGOLIA SOVEREIGN2071816.8MONGOLIA SOVEREIGN890148.11MONGOLIA SOVEREIGN6776844.9MONGOLIA SOVEREIGN1782960.94MONGOLIA SOVEREIGN929910.22MONGOLIA SOVEREIGN112524.02MONGOLIA SOVEREIGNSTATESTATESTATESTATEProvision of a loan of up to USD 157 million (EUR 137.7 million) to the state of Mongolia to finance the expansion of a 202 km road in the north of Mongolia from Ulaanbaatar to Darkhan, the country's second-largest city. The road from Ulaanbaatar to Darkhan is an important artery of the Mongolian road network and also part of the China-Mongolia-Russia economic corridor. The current road is narrow, patchy and does not allow for the necessary traffic throughput. It is also dangerous, with at least 10 accident black spots seeing 20-150 accidents each per annum. In addition, some sections of the road were damaged by flooding in 2018. The new project forms Phase II of the reconstruction works and covers the widening of the road to 4 lanes. Phase I works, funded by a loan from the Asian Development Bank's (ADB), comprises the reconstruction of the existing 2-lane road. The original loan of up to USD 137 million was approved by the Board on 11 December 2019. The additional loan of up to USD 20 million to be approved by the Board on 23 February 2022 and is purported to finance the additional costs, stemming from the need to structurally align Phase I and Phase II. The goal is to increase the road capacity to be able to accomodate demand for both domestic and international journeys. Road safety and climate resilience will be improved substantially. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50766XI-IATI-EBRD-51505European Bank for Reconstruction and DevelopmentThe provision of a sovereign loan of up to US$ 70.4 million for the construction of the 220 km Choir - Sainshand 220 kV transmission line, the construction of the 220/110/35 kV substation at Sainshand and the extension of the 220/110/35 kV kV Choir substation. The line will represent a significant upgrade to the existing old 110kv line which suffers high levels of losses and is not sufficient to supply the growing energy demand of the region. The objective is to upgrade a critical component of the electricity transmission infrastructure, reducing the amount of energy not serviced (ENS) and displacing a significant volume of CO2 emissions by facilitating the integration of renewable energy and reducing transmission losses.European Bank for Reconstruction and DevelopmentMONGOLIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGULAANBAATAR47.90771 106.8832448854486.5649549155.21MONGOLIA SOVEREIGN495491.55MONGOLIA SOVEREIGN199177.1MONGOLIA SOVEREIGNSTATESTATESTATESTATEThe provision of a sovereign loan of up to US$ 70.4 million for the construction of the 220 km Choir - Sainshand 220 kV transmission line, the construction of the 220/110/35 kV substation at Sainshand and the extension of the 220/110/35 kV kV Choir substation. The line will represent a significant upgrade to the existing old 110kv line which suffers high levels of losses and is not sufficient to supply the growing energy demand of the region. The objective is to upgrade a critical component of the electricity transmission infrastructure, reducing the amount of energy not serviced (ENS) and displacing a significant volume of CO2 emissions by facilitating the integration of renewable energy and reducing transmission losses. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51505XI-IATI-EBRD-54077European Bank for Reconstruction and DevelopmentThe provision of a senior synthetic Kyrgyz Som (KGS) loan of up to US$ 5 million to Kompanion Bank (KB) under the Kyrgyz Republic GEFF (KyrSEFF III ). The proceeds will be on-lent to sub-borrowers for energy efficiency, renewable energy, circular economy, and climate resilience investments. The project will further strengthen SME competitiveness, improve climate resilience and promote the financial sector development in particular through local currency lending. The transaction will contribute towards building a more competitive financial sector through developing the internal capacity of KB for financing energy and water efficiency projects. This will be achieved through a technical assistance aimed at providing implementation support to KB and their customers, verification of the outcomes, and investment incentives to end borrowers. Sub-projects are selected according to technical and financial eligibility criteria set forth in the policy statement for KyrSEFF III. 100 per cent of the proceeds will be used for Green Economy Transition investments.European Bank for Reconstruction and DevelopmentKOMPANION BANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBISHKEK42.87 74.594362228.08KOMPANION BANK CJSCPRIVATEPRIVATEPRIVATEThe provision of a senior synthetic Kyrgyz Som (KGS) loan of up to US$ 5 million to Kompanion Bank (KB) under the Kyrgyz Republic GEFF (KyrSEFF III ). The proceeds will be on-lent to sub-borrowers for energy efficiency, renewable energy, circular economy, and climate resilience investments. The project will further strengthen SME competitiveness, improve climate resilience and promote the financial sector development in particular through local currency lending. The transaction will contribute towards building a more competitive financial sector through developing the internal capacity of KB for financing energy and water efficiency projects. This will be achieved through a technical assistance aimed at providing implementation support to KB and their customers, verification of the outcomes, and investment incentives to end borrowers. Sub-projects are selected according to technical and financial eligibility criteria set forth in the policy statement for KyrSEFF III. 100 per cent of the proceeds will be used for Green Economy Transition investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54077XI-IATI-EBRD-54920European Bank for Reconstruction and DevelopmentProvision of a senior loan of up to USD 8 million to Ulaanbaatar Flour LLC. The proceeds of the loan will finance the company's working capital needs to purchase up to 25% of its annual wheat procurement. The Project is in line with the EBRD country strategy for Mongolia to enhance resilience by strengthening the competitiveness of the non-extractive sector and easing access to finance. The loan supports growth and competitiveness of the company by funding its working capital needs to increase share of locally procured wheat. This will help to substitute wheat import, including from Russia, which was around 26% of total wheat procurement in 2023-2024.European Bank for Reconstruction and DevelopmentULAANBAATAR FLOUR LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGULAANBAATAR47.90771 106.883247003414.16ULAANBAATAR FLOUR LLCPRIVATEPRIVATEPRIVATEProvision of a senior loan of up to USD 8 million to Ulaanbaatar Flour LLC. The proceeds of the loan will finance the company's working capital needs to purchase up to 25% of its annual wheat procurement. The Project is in line with the EBRD country strategy for Mongolia to enhance resilience by strengthening the competitiveness of the non-extractive sector and easing access to finance. The loan supports growth and competitiveness of the company by funding its working capital needs to increase share of locally procured wheat. This will help to substitute wheat import, including from Russia, which was around 26% of total wheat procurement in 2023-2024. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54920XI-IATI-EBRD-54350European Bank for Reconstruction and DevelopmentA sovereign-guaranteed loan of up to EUR 30 million in favour of the Albanian power generation state-owned enterprise, Korporata Elektroenergjitike Shqiptare (KESH). The loan proceeds will be used for the construction of a 50MWp ground-mounted solar photovoltaic plant in the Belshi area (The Project). The electricity generated from the plant would increase KESH's generation capacity and help it fulfil its Public Service Obligation (PSO) (~30% of annual electricity consumption is imported). The proposed project provides an excellent opportunity for KESH to diversify its current almost entirely hydro-reliant generation in line with its i) investment strategy (solar PV capacities +80 MWp) and ii) the national strategy for expansion and diversification of its mix of electrical power production with new forms of Renewable Energy Sources (RES).European Bank for Reconstruction and DevelopmentKORPORATA ELEKTROENERGJETIKE SHQIPTARE SHAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTIRANA41.3275 19.818893000000030000000KORPORATA ELEKTROENERGJETIKE SHQIPTARE SHASTATESTATESTATESTATEA sovereign-guaranteed loan of up to EUR 30 million in favour of the Albanian power generation state-owned enterprise, Korporata Elektroenergjitike Shqiptare (KESH). The loan proceeds will be used for the construction of a 50MWp ground-mounted solar photovoltaic plant in the Belshi area (The Project). The electricity generated from the plant would increase KESH's generation capacity and help it fulfil its Public Service Obligation (PSO) (~30% of annual electricity consumption is imported). The proposed project provides an excellent opportunity for KESH to diversify its current almost entirely hydro-reliant generation in line with its i) investment strategy (solar PV capacities +80 MWp) and ii) the national strategy for expansion and diversification of its mix of electrical power production with new forms of Renewable Energy Sources (RES). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54350XI-IATI-EBRD-52320European Bank for Reconstruction and DevelopmentProvision of a senior loan of up to EUR 25 million to public electricity generation utility JSC Elektrani na Severna Makedonija ("ESM") for implementing a 30 MW solar photovoltaic ("PV") project consisting of: (i) a 10MW "Oslomej" expansion (currently under construction) on the exhausted coal mine of TPP Oslomej, and (ii) a 20MW "Bitola" expansion adjacent to TPP Bitola (together the "Project"). The project is part of a broad partnership with the North Macedonian authorities and ESM to promote a just and green transition, encompassing investment in new green capacity for ESM, adding clean renewable energy generation to a region and country with serious capacity shortages and high reliance on lignite mining.European Bank for Reconstruction and DevelopmentPOWER PLANTS OF NORTH MACEDONIA JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.4314124775370.225000000POWER PLANTS OF NORTH MACEDONIA JSC112314.9POWER PLANTS OF NORTH MACEDONIA JSC112314.9POWER PLANTS OF NORTH MACEDONIA JSCSTATESTATESTATESTATEProvision of a senior loan of up to EUR 25 million to public electricity generation utility JSC Elektrani na Severna Makedonija ("ESM") for implementing a 30 MW solar photovoltaic ("PV") project consisting of: (i) a 10MW "Oslomej" expansion (currently under construction) on the exhausted coal mine of TPP Oslomej, and (ii) a 20MW "Bitola" expansion adjacent to TPP Bitola (together the "Project"). The project is part of a broad partnership with the North Macedonian authorities and ESM to promote a just and green transition, encompassing investment in new green capacity for ESM, adding clean renewable energy generation to a region and country with serious capacity shortages and high reliance on lignite mining. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52320XI-IATI-EBRD-53727European Bank for Reconstruction and DevelopmentA sovereign loan of up to EUR 3.745 million to the Kyrgyz Republic to be on-lent to the municipality of Bazar-Korgon under the KR Water and Wastewater Framework - Extension. The loan will support modernisation and centralisation of water supply services in the City of Bazar-Korgon and neighbouring settlements of Akman and Beshik-Jon. The proposed loan is expected to be co-financed by a capex grant of up to EUR 3.745 million from the international donor or the SSF. The Project will finance critical drinking water supply improvements in Bazar-Korgon, including the modernisation and centralisation of water supply services in the City of Bazar-Korgon and neighbouring settlements of Akman and Beshik-Jon, the introduction of water metering, the procurement of operation and maintenance equipment and machinery, and the construction of an office building.European Bank for Reconstruction and DevelopmentKYRGYZ REPUBLIC SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBISHKEK42.87 74.5937075503745000KYRGYZ REPUBLIC SOVEREIGN21100KYRGYZ REPUBLIC SOVEREIGN16350KYRGYZ REPUBLIC SOVEREIGNSTATESTATESTATESTATEA sovereign loan of up to EUR 3.745 million to the Kyrgyz Republic to be on-lent to the municipality of Bazar-Korgon under the KR Water and Wastewater Framework - Extension. The loan will support modernisation and centralisation of water supply services in the City of Bazar-Korgon and neighbouring settlements of Akman and Beshik-Jon. The proposed loan is expected to be co-financed by a capex grant of up to EUR 3.745 million from the international donor or the SSF. The Project will finance critical drinking water supply improvements in Bazar-Korgon, including the modernisation and centralisation of water supply services in the City of Bazar-Korgon and neighbouring settlements of Akman and Beshik-Jon, the introduction of water metering, the procurement of operation and maintenance equipment and machinery, and the construction of an office building. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53727XI-IATI-EBRD-54525European Bank for Reconstruction and DevelopmentThe provision a loan (GEFF II Loan I) of up to US$ 20 million equivalent to Ipak Yuli Bank, a major private bank in Uzbekistan, under Uzbekistan Green Economy Financing Facility II (GEFF II Uzbekistan). The proceeds of the loan will be on-lent to eligible sub-borrowers implementing qualifying sub-projects in line with the technical and financial eligibility criteria set in the policy statement for the GEFF II Uzbekistan. The GEFF II Loan I will contribute towards building a green economy in Uzbekistan by facilitating the expansion of energy efficiency investments in a gender responsive way. The Project builds on the successful implementation of previous green financing operations with Ipak Yuli Bank and will scale up the bank's green activities. Ipak Yuli Bank will benefit from a comprehensive technical assistance (TC) to further strengthen the internal capacity for financing green projects.European Bank for Reconstruction and DevelopmentIPAK YULI JOINT-STOCK INNOVATION COMMERCIAL BANKEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.2162716544851.36IPAK YULI JOINT-STOCK INNOVATION COMMERCIAL BANKPRIVATEPRIVATEPRIVATEThe provision a loan (GEFF II Loan I) of up to US$ 20 million equivalent to Ipak Yuli Bank, a major private bank in Uzbekistan, under Uzbekistan Green Economy Financing Facility II (GEFF II Uzbekistan). The proceeds of the loan will be on-lent to eligible sub-borrowers implementing qualifying sub-projects in line with the technical and financial eligibility criteria set in the policy statement for the GEFF II Uzbekistan. The GEFF II Loan I will contribute towards building a green economy in Uzbekistan by facilitating the expansion of energy efficiency investments in a gender responsive way. The Project builds on the successful implementation of previous green financing operations with Ipak Yuli Bank and will scale up the bank's green activities. Ipak Yuli Bank will benefit from a comprehensive technical assistance (TC) to further strengthen the internal capacity for financing green projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54525XI-IATI-EBRD-54025European Bank for Reconstruction and DevelopmentThe provision of a senior secured loan of up to US$ 10 mln to Tavan Bogd International LLC, the largest distributor of fast moving consumer goods (FMCG) in Mongolia to support its working capital needs. The EBRD funding will: (i) support stable and resilient supply of essential daily goods via reducing logistics challenges; (ii) increase in sales turnover; (iii) unlock access to liquidity for a growing private group of companies.European Bank for Reconstruction and DevelopmentTAVAN BOGD INTERNATIONAL LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGULAANBAATAR47.90771 106.883248754267.7TAVAN BOGD INTERNATIONAL LLCPRIVATEPRIVATEPRIVATEThe provision of a senior secured loan of up to US$ 10 mln to Tavan Bogd International LLC, the largest distributor of fast moving consumer goods (FMCG) in Mongolia to support its working capital needs. The EBRD funding will: (i) support stable and resilient supply of essential daily goods via reducing logistics challenges; (ii) increase in sales turnover; (iii) unlock access to liquidity for a growing private group of companies. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54025XI-IATI-EBRD-52720European Bank for Reconstruction and DevelopmentProvision of a senior loan of up to US$ 2.0 million (€1.6 million equivalent) to Arvand Bank under the Financial Intermediary Framework-Central Asian Women in Business (FIF - CA WiB) programme for on-lending to women-led micro, small and medium-sized enterprises (MSMEs). The loan will be provided in two tranches of USD 1.0m each with the second tranche being uncommitted, which committment is delegated to Management. The project objective is to promote and support women entrepreneurship in Tajikistan and, more broadly, women's participation in business by assisting women-led MSMEs to access finance, know-how and advice, particularly in the regions of the country. The financing gap is a major obstacle in enabling the transition of women-led MSMEs. The project implemented by Arvand Bank, an experienced lender to women-led businesses, will contribute to narrowing the gap. The proceeds will be used to finance loans to eligible women-led MSMEs in accordance with the elibibility criteria set in the Policy Statement for the Central Asian Women in Business programme.European Bank for Reconstruction and DevelopmentARVAND BANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKHUJAND40.28256 69.622162136753.96ARVAND BANK CJSCPRIVATEPRIVATEPRIVATEProvision of a senior loan of up to US$ 2.0 million (€1.6 million equivalent) to Arvand Bank under the Financial Intermediary Framework-Central Asian Women in Business (FIF - CA WiB) programme for on-lending to women-led micro, small and medium-sized enterprises (MSMEs). The loan will be provided in two tranches of USD 1.0m each with the second tranche being uncommitted, which committment is delegated to Management. The project objective is to promote and support women entrepreneurship in Tajikistan and, more broadly, women's participation in business by assisting women-led MSMEs to access finance, know-how and advice, particularly in the regions of the country. The financing gap is a major obstacle in enabling the transition of women-led MSMEs. The project implemented by Arvand Bank, an experienced lender to women-led businesses, will contribute to narrowing the gap. The proceeds will be used to finance loans to eligible women-led MSMEs in accordance with the elibibility criteria set in the Policy Statement for the Central Asian Women in Business programme. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52720XI-IATI-EBRD-52121European Bank for Reconstruction and DevelopmentThe provision of a sovereign loan of up to € 2 million under the Kyrgyz Water Sector Resilience Framework (KWRF) to support the modernisation of the water supply infrastructure in the city of Shopokov. The loan proceeds will be on-lent to the city of Shopokov for the benefit of the municipal water company. The loan will be co-financed by a € 2 million investment grant from an international donor or the EBRD Shareholder Special Fund (SSF). The Sub-project will finance critical drinking water supply improvements in the city of Shopokov, including the rehabilitation and extension of water network, supply and installation of water meters and testing equipment, reconstruction and new construction of reservoir, intake facilities and water disinfection unit, replacement of pumping equipment.European Bank for Reconstruction and DevelopmentKYRGYZ REPUBLIC SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBISHKEK42.87 74.5919800002000000KYRGYZ REPUBLIC SOVEREIGN20000KYRGYZ REPUBLIC SOVEREIGNSTATESTATESTATESTATEThe provision of a sovereign loan of up to € 2 million under the Kyrgyz Water Sector Resilience Framework (KWRF) to support the modernisation of the water supply infrastructure in the city of Shopokov. The loan proceeds will be on-lent to the city of Shopokov for the benefit of the municipal water company. The loan will be co-financed by a € 2 million investment grant from an international donor or the EBRD Shareholder Special Fund (SSF). The Sub-project will finance critical drinking water supply improvements in the city of Shopokov, including the rehabilitation and extension of water network, supply and installation of water meters and testing equipment, reconstruction and new construction of reservoir, intake facilities and water disinfection unit, replacement of pumping equipment. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52121XI-IATI-EBRD-53515European Bank for Reconstruction and DevelopmentProvision of a senior multicurrency unsecured loan of up to EUR 10m to 3 Banka ("3B") for on-lending to the residential sector in Serbia. The loan is envisaged under the Western Balkans Green Economy Financing Facility III - REpower ("WB GEFF III"). This will be the first WB GEFF III loan to 3B and will enable the bank to promote green economy investments in the country. The proceeds of the loan will be used to provide financing to 3B for gender-responsive on-lending to eligible sub-borrowers in the residential sector for investments supporting Green Economy Transition ("GET") - eligible residential renewable energies and energy efficient technologies.European Bank for Reconstruction and Development3 BANKA ADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGNOVI SAD45.25167 19.83694100000003 BANKA ADPRIVATEPRIVATEPRIVATEProvision of a senior multicurrency unsecured loan of up to EUR 10m to 3 Banka ("3B") for on-lending to the residential sector in Serbia. The loan is envisaged under the Western Balkans Green Economy Financing Facility III - REpower ("WB GEFF III"). This will be the first WB GEFF III loan to 3B and will enable the bank to promote green economy investments in the country. The proceeds of the loan will be used to provide financing to 3B for gender-responsive on-lending to eligible sub-borrowers in the residential sector for investments supporting Green Economy Transition ("GET") - eligible residential renewable energies and energy efficient technologies. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53515XI-IATI-EBRD-49641European Bank for Reconstruction and DevelopmentProvision of a senior secured long-term loan of up to €300 thousand to Khiva Malikasi LLC ("the Company"), a local hotel operator in Khiva, Uzbekistan. The EBRD funding will support the renovation of three hotels and surrounding infrastructure operated by the Company in the Khiva, Uzbekistan.European Bank for Reconstruction and DevelopmentKHIVA MALIKASI JV LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKHIVA41.37833 60.363890.01315291.66KHIVA MALIKASI JV LLCPRIVATEPRIVATEPRIVATEProvision of a senior secured long-term loan of up to €300 thousand to Khiva Malikasi LLC ("the Company"), a local hotel operator in Khiva, Uzbekistan. The EBRD funding will support the renovation of three hotels and surrounding infrastructure operated by the Company in the Khiva, Uzbekistan. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49641XI-IATI-EBRD-55702European Bank for Reconstruction and DevelopmentThe provision of a senior unsecured loan of up to US$ 5.0m (in TJS equivalent) to ICB under the Financial Intermediary Framework-Central Asian Women in Business II (CA WiB II ) programme for on-lending to women-led MSMEs. The proposed loan is the third WiB loan to the client following the successful realisation of a first pilot under the Taj WiB programme and a first transaction under the CA WiB. The transaction represents a continuation of the previous engagements, aiming to further support women-led MSMEs in Tajikistan by providing financing opportunities for their business activities and access to know-how.European Bank for Reconstruction and DevelopmentINVESTMENT AND CREDIT BANK OF TAJIKISTAN CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGDUSHANBE38.53575 68.77905875426.77875426.77INVESTMENT AND CREDIT BANK OF TAJIKISTAN CJSCPRIVATEPRIVATEPRIVATEThe provision of a senior unsecured loan of up to US$ 5.0m (in TJS equivalent) to ICB under the Financial Intermediary Framework-Central Asian Women in Business II (CA WiB II ) programme for on-lending to women-led MSMEs. The proposed loan is the third WiB loan to the client following the successful realisation of a first pilot under the Taj WiB programme and a first transaction under the CA WiB. The transaction represents a continuation of the previous engagements, aiming to further support women-led MSMEs in Tajikistan by providing financing opportunities for their business activities and access to know-how. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55702XI-IATI-EBRD-56413European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 10 million to be provided in two equal tranches to ProCredit Bank Kosovo (PCBK) under the Western Balkans Green Outcomes-Linked Debt Financing Framework (WB GOLD). The proceeds of the loan will be used for providing sub-loans to eligible small and medium-sized enterprises (SMEs) and Midcaps in Kosovo in support of their business expansion and Green Economy Transition (GET) eligible investments. At least 50% of the total investment will be GET eligible.European Bank for Reconstruction and DevelopmentPROCREDIT BANK SH A KOSOVOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRISTINA42.67272 21.166885000000PROCREDIT BANK SH A KOSOVOPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 10 million to be provided in two equal tranches to ProCredit Bank Kosovo (PCBK) under the Western Balkans Green Outcomes-Linked Debt Financing Framework (WB GOLD). The proceeds of the loan will be used for providing sub-loans to eligible small and medium-sized enterprises (SMEs) and Midcaps in Kosovo in support of their business expansion and Green Economy Transition (GET) eligible investments. At least 50% of the total investment will be GET eligible. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56413XI-IATI-EBRD-49358European Bank for Reconstruction and DevelopmentThe provision of a sovereign loan of up to US$ 60 million (€50 million) to the Republic of Uzbekistan to be on-lent and/or granted to the water utility Limited Liability Company Xorazm Suv Ta'minoti, formerly known as the State Unitary Enterprise Horezm Suvokova to finance the Company's Priority Investment Programme (PIP). The PIP includes such investments in water and wastewater infrastructure of Khoresmoblast as the construction of new water intakes and renewal of pumping stations, water and wastewater treatment facilities, and the installation of household and bulk meters. These components are aimed at improving water quality, access to safe drinking water and wastewater treatment services. The Project is expected to increase the number of people connected to the water and wastewater network by around 200,000 people, reduce water losses, enhance energy efficiency and quality of wastewater treatment.European Bank for Reconstruction and DevelopmentUZBEKISTAN SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.2162738567269.0352525606.23UZBEKISTAN SOVEREIGN525256.06UZBEKISTAN SOVEREIGN87542.68UZBEKISTAN SOVEREIGN393135.78UZBEKISTAN SOVEREIGN22259.48UZBEKISTAN SOVEREIGN9921.21UZBEKISTAN SOVEREIGN213552.39UZBEKISTAN SOVEREIGN75909.3UZBEKISTAN SOVEREIGN69840.32UZBEKISTAN SOVEREIGN247125.38UZBEKISTAN SOVEREIGN446471.54UZBEKISTAN SOVEREIGN287471.24UZBEKISTAN SOVEREIGN240764.34UZBEKISTAN SOVEREIGN272663.05UZBEKISTAN SOVEREIGN73386.92UZBEKISTAN SOVEREIGN102849.51UZBEKISTAN SOVEREIGN122269.19UZBEKISTAN SOVEREIGN120110.3UZBEKISTAN SOVEREIGN95591.07UZBEKISTAN SOVEREIGN217579.73UZBEKISTAN SOVEREIGN21892.85UZBEKISTAN SOVEREIGN91225.6UZBEKISTAN SOVEREIGN283186.55UZBEKISTAN SOVEREIGN102805.61UZBEKISTAN SOVEREIGN204891.6UZBEKISTAN SOVEREIGN6117053.87UZBEKISTAN SOVEREIGN177716.88UZBEKISTAN SOVEREIGN474568.85UZBEKISTAN SOVEREIGN1073329.83UZBEKISTAN SOVEREIGN378460.9UZBEKISTAN SOVEREIGN87571.39UZBEKISTAN SOVEREIGN309576.27UZBEKISTAN SOVEREIGN302739.17UZBEKISTAN SOVEREIGN709618.34UZBEKISTAN SOVEREIGNSTATESTATESTATESTATEThe provision of a sovereign loan of up to US$ 60 million (€50 million) to the Republic of Uzbekistan to be on-lent and/or granted to the water utility Limited Liability Company Xorazm Suv Ta'minoti, formerly known as the State Unitary Enterprise Horezm Suvokova to finance the Company's Priority Investment Programme (PIP). The PIP includes such investments in water and wastewater infrastructure of Khoresmoblast as the construction of new water intakes and renewal of pumping stations, water and wastewater treatment facilities, and the installation of household and bulk meters. These components are aimed at improving water quality, access to safe drinking water and wastewater treatment services. The Project is expected to increase the number of people connected to the water and wastewater network by around 200,000 people, reduce water losses, enhance energy efficiency and quality of wastewater treatment. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49358XI-IATI-EBRD-50979European Bank for Reconstruction and DevelopmentProvision of a sovereign loan of up to USD 50 million (EUR 45 million) to the Republic of Uzbekistan for the benefit of Limited Liability Company Surkhandarya Suv Ta'minoti, formerly known as State Unitary Enterprise Surkhandarya Suvokova (the "Company") to finance the rehabilitation of water infrastructure in Surkhandarya region (the "Project"). The Project is expected to improve water quality and increase the efficiency of water infrastructure.European Bank for Reconstruction and DevelopmentUZBEKISTAN SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.2162740417934.7843771338.53UZBEKISTAN SOVEREIGN437713.39UZBEKISTAN SOVEREIGN118753.13UZBEKISTAN SOVEREIGN927049.55UZBEKISTAN SOVEREIGN57577.91UZBEKISTAN SOVEREIGN141614.9UZBEKISTAN SOVEREIGN120408.39UZBEKISTAN SOVEREIGN410026.7UZBEKISTAN SOVEREIGN697627.59UZBEKISTAN SOVEREIGN180004.16UZBEKISTAN SOVEREIGN262628.03UZBEKISTAN SOVEREIGNSTATESTATESTATESTATEProvision of a sovereign loan of up to USD 50 million (EUR 45 million) to the Republic of Uzbekistan for the benefit of Limited Liability Company Surkhandarya Suv Ta'minoti, formerly known as State Unitary Enterprise Surkhandarya Suvokova (the "Company") to finance the rehabilitation of water infrastructure in Surkhandarya region (the "Project"). The Project is expected to improve water quality and increase the efficiency of water infrastructure. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50979XI-IATI-EBRD-55780European Bank for Reconstruction and DevelopmentThe provision of an unsecured revolving loan of up to US$ 100 million for the development of Oyu Tolgoi copper mine. Liquidity support for the ramp up and completion of the Oyu Tolgoi underground mine.European Bank for Reconstruction and DevelopmentOYU TOLGOI LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGULAANBAATAR47.90771 106.8832470034141.64OYU TOLGOI LLCPRIVATEPRIVATEPRIVATEThe provision of an unsecured revolving loan of up to US$ 100 million for the development of Oyu Tolgoi copper mine. Liquidity support for the ramp up and completion of the Oyu Tolgoi underground mine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55780XI-IATI-EBRD-45039European Bank for Reconstruction and DevelopmentThe EBRD is providing a sovereign loan of up to EUR 2.5 million to the Kyrgyz Republic, to be transferred to Osh City for the benefit of the Osh Water Company to finance wastewater and water supply system improvements. It is expected that the European Investment Bank would provide an up to EUR 2.25 million parallel loan and that an international donor would provide EUR 4.75 million in the form of a grant to co-finance the project. The proceeds of the loans and the grant will focus on wastewater improvements as well as water metering and water supply rehabilitation. The sub-project will result in an improved level of wastewater and water supply services and environmental improvements in the City. This support will be extended under the existing EBRD sovereign framework of up to EUR 20 million, established by the Bank to co-finance with international donors priority water and wastewater rehabilitation sub-projects across the Kyrgyz Republic. The framework envisages sovereign loans that would be transferred to the cities for the benefit of the water companies involved and would address urgently needed water and wastewater infrastructure rehabilitation needs. The overall objectives of this sub-project are to: (a) rehabilitate the water supply and wastewater improvements; and (b) improve financial and operational management. Null ValueEuropean Bank for Reconstruction and DevelopmentKYRGYZ REPUBLIC SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGOSH40.52828 72.79852500000KYRGYZ REPUBLIC SOVEREIGN25000KYRGYZ REPUBLIC SOVEREIGN299283KYRGYZ REPUBLIC SOVEREIGN719273.46KYRGYZ REPUBLIC SOVEREIGN123038KYRGYZ REPUBLIC SOVEREIGN40325.87KYRGYZ REPUBLIC SOVEREIGN302138KYRGYZ REPUBLIC SOVEREIGN84850KYRGYZ REPUBLIC SOVEREIGN32852KYRGYZ REPUBLIC SOVEREIGN467349.32KYRGYZ REPUBLIC SOVEREIGN106080.68KYRGYZ REPUBLIC SOVEREIGN117640.6KYRGYZ REPUBLIC SOVEREIGN131476.8KYRGYZ REPUBLIC SOVEREIGN42968.28KYRGYZ REPUBLIC SOVEREIGNSTATESTATESTATESTATEThe EBRD is providing a sovereign loan of up to EUR 2.5 million to the Kyrgyz Republic, to be transferred to Osh City for the benefit of the Osh Water Company to finance wastewater and water supply system improvements. It is expected that the European Investment Bank would provide an up to EUR 2.25 million parallel loan and that an international donor would provide EUR 4.75 million in the form of a grant to co-finance the project. The proceeds of the loans and the grant will focus on wastewater improvements as well as water metering and water supply rehabilitation. The sub-project will result in an improved level of wastewater and water supply services and environmental improvements in the City. This support will be extended under the existing EBRD sovereign framework of up to EUR 20 million, established by the Bank to co-finance with international donors priority water and wastewater rehabilitation sub-projects across the Kyrgyz Republic. The framework envisages sovereign loans that would be transferred to the cities for the benefit of the water companies involved and would address urgently needed water and wastewater infrastructure rehabilitation needs. The overall objectives of this sub-project are to: (a) rehabilitate the water supply and wastewater improvements; and (b) improve financial and operational management. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/45039XI-IATI-EBRD-48153European Bank for Reconstruction and DevelopmentA senior secured loan of up to USD 35.5million to finance the construction of a 50 MW solar photovoltaic plant located within the King Hussein Bin Talal Development Area near the city of Al Mafraq in Mafraq Governorate, 80 km north of Amman in Jordan. The Project will be one of the first utility-scale solar plants of this size in Jordan and will support the country in increasing its renewable energy capacity and reducing its reliance on costly hydrocarbon imports. Project rationale stems from Jordan's strategy to procure cost-effective, indigenous energy supplies to mitigate its energy crisis. As part of the government's second round of direct proposals for solar ("Round 2"), the Project represents an important part of its ambitious programme to generate 10% of Jordan's electricity demand from renewables by 2020.European Bank for Reconstruction and DevelopmentAL AMBARATOURIA LL TAKA AL SHAMSIA PSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGMAFRAQ32.34289 36.2080431051923.31AL AMBARATOURIA LL TAKA AL SHAMSIA PSCPRIVATEPRIVATEPRIVATEA senior secured loan of up to USD 35.5million to finance the construction of a 50 MW solar photovoltaic plant located within the King Hussein Bin Talal Development Area near the city of Al Mafraq in Mafraq Governorate, 80 km north of Amman in Jordan. The Project will be one of the first utility-scale solar plants of this size in Jordan and will support the country in increasing its renewable energy capacity and reducing its reliance on costly hydrocarbon imports. Project rationale stems from Jordan's strategy to procure cost-effective, indigenous energy supplies to mitigate its energy crisis. As part of the government's second round of direct proposals for solar ("Round 2"), the Project represents an important part of its ambitious programme to generate 10% of Jordan's electricity demand from renewables by 2020. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48153XI-IATI-EBRD-54592European Bank for Reconstruction and DevelopmentThe provision of financing for construction of a new transformer of 3*267MVA at 500/220/35 kV substation in the Sugd region of Tajikistan (the "Project") in the form of up to EUR 12.8 million sovereign loan to the Republic of Tajikistan with loan proceeds to be on-lent to OJSC Shabaqahoi Intiqoli Barq, the implementing entity. The loan will be co-financed by investment grants from the EBRD Shareholder Special Fund (the "SSF") in the amount of up to EUR 4.5 million and the Sustainable Infrastructure Fund ("SIF"), administered by the Bank, in the amount of up to EUR 1 million. The implementation of the Project shall contribute to strengthening of the power sector in Tajikistan by reducing losses, improving collection rates and revenue streams. The Project objectives are to address most urgent needs for the replacement of aged infrastructure and to contribute towards the reduction of transmission network losses resulting in financial and CO2 emissions savings. The Project shall strengthen reliability and stability of the transmission network and improve capacity of the electricity system.European Bank for Reconstruction and DevelopmentTAJIKISTAN SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGDUSHANBE38.53575 68.779059303843.2512800000TAJIKISTAN SOVEREIGN128000TAJIKISTAN SOVEREIGN3368156.75TAJIKISTAN SOVEREIGNSTATESTATESTATESTATEThe provision of financing for construction of a new transformer of 3*267MVA at 500/220/35 kV substation in the Sugd region of Tajikistan (the "Project") in the form of up to EUR 12.8 million sovereign loan to the Republic of Tajikistan with loan proceeds to be on-lent to OJSC Shabaqahoi Intiqoli Barq, the implementing entity. The loan will be co-financed by investment grants from the EBRD Shareholder Special Fund (the "SSF") in the amount of up to EUR 4.5 million and the Sustainable Infrastructure Fund ("SIF"), administered by the Bank, in the amount of up to EUR 1 million. The implementation of the Project shall contribute to strengthening of the power sector in Tajikistan by reducing losses, improving collection rates and revenue streams. The Project objectives are to address most urgent needs for the replacement of aged infrastructure and to contribute towards the reduction of transmission network losses resulting in financial and CO2 emissions savings. The Project shall strengthen reliability and stability of the transmission network and improve capacity of the electricity system. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54592XI-IATI-EBRD-56324European Bank for Reconstruction and DevelopmentThe provision of a senior loan of $10 million equivalent to Davr Bank ("DB") to be used for on-lending to eligible youth-led/owned micro, small and medium-sized enterprises (MSMEs) in Uzbekistan. The loan will consist of two equal tranches of $5 million each. The loan will be provided either in US dollar or in synthetic UZS. The loan will enable DB to finance youth-led/owned businesses in Uzbekistan and thus contribute to the improvement in access to finance for young entrepreneurs in the country.European Bank for Reconstruction and DevelopmentDAVR BANK PJSCBEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.216278740297.02DAVR BANK PJSCBPRIVATEPRIVATEPRIVATEThe provision of a senior loan of $10 million equivalent to Davr Bank ("DB") to be used for on-lending to eligible youth-led/owned micro, small and medium-sized enterprises (MSMEs) in Uzbekistan. The loan will consist of two equal tranches of $5 million each. The loan will be provided either in US dollar or in synthetic UZS. The loan will enable DB to finance youth-led/owned businesses in Uzbekistan and thus contribute to the improvement in access to finance for young entrepreneurs in the country. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56324XI-IATI-EBRD-54475European Bank for Reconstruction and DevelopmentThe provision of a 3-year senior loan of up to US$ 20 million to Khan Bank LLC (KB) under the Central Asian Women in Business Programme (CA WiB), including US$ 5 million loan for eligible investments in digitalisation under the digital component of the programme. The operation will promote the competitiveness of the local economy and contribute to the financial inclusion of underserved female entrepreneurs.European Bank for Reconstruction and DevelopmentKHAN BANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGULAANBAATAR47.90771 106.8832417508535.42KHAN BANK JSCPRIVATEPRIVATEPRIVATEThe provision of a 3-year senior loan of up to US$ 20 million to Khan Bank LLC (KB) under the Central Asian Women in Business Programme (CA WiB), including US$ 5 million loan for eligible investments in digitalisation under the digital component of the programme. The operation will promote the competitiveness of the local economy and contribute to the financial inclusion of underserved female entrepreneurs. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54475XI-IATI-EBRD-47118European Bank for Reconstruction and DevelopmentThe EBRD is providing a loan of up to EUR 4 million to finance an Oshelectro investment program for the period 2015-2017. The program is aimed at the rehabilitation and modernization of low and medium voltage networks, including installation of number of smart meters in Osh and Batken regions in the south of Kyrgyzstan. The project will improve the reliability of the power supply and will significantly reduce technical and commercial losses. Null ValueEuropean Bank for Reconstruction and DevelopmentKYRGYZ REPUBLIC SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBISHKEK42.87 74.594000000KYRGYZ REPUBLIC SOVEREIGN40000KYRGYZ REPUBLIC SOVEREIGN208621.84KYRGYZ REPUBLIC SOVEREIGN274249.63KYRGYZ REPUBLIC SOVEREIGN881150KYRGYZ REPUBLIC SOVEREIGN931563.19KYRGYZ REPUBLIC SOVEREIGN349739.12KYRGYZ REPUBLIC SOVEREIGN1142838KYRGYZ REPUBLIC SOVEREIGN171838KYRGYZ REPUBLIC SOVEREIGNSTATESTATESTATESTATEThe EBRD is providing a loan of up to EUR 4 million to finance an Oshelectro investment program for the period 2015-2017. The program is aimed at the rehabilitation and modernization of low and medium voltage networks, including installation of number of smart meters in Osh and Batken regions in the south of Kyrgyzstan. The project will improve the reliability of the power supply and will significantly reduce technical and commercial losses. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47118XI-IATI-EBRD-50533European Bank for Reconstruction and DevelopmentThe provision of a loan of up to US$ 7 million (€ 6.26 million) to the state of Mongolia to be on-lent to the Province of Orkhon for the rehabilitation and expansion of the flood protection infrastructure and water networks in the city of Erdenet. The city is vulnerable to flooding and its inefficient water supply system provides services to less than half of Erdenet residents. The project will increase the city's climate resilience, and improve access to drinking quality water through the reduction of substantial losses within the water network. It is expected to be co-financed by a capital grant of up to US$ 7 million from bi-lateral or multilateral donors. As a result of the Project, flooding frequency is expected to be reduced by 40-50 per cent. Almost 11,000 residents are expected to be connected to a more reliable and safe drinking water supply. Additional Measures under could result in the reduction of water loss in the system by 15 per cent.European Bank for Reconstruction and DevelopmentMONGOLIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGULAANBAATAR47.90771 106.883242545352.786127987.39MONGOLIA SOVEREIGN61279.87MONGOLIA SOVEREIGN131314.02MONGOLIA SOVEREIGN657630.22MONGOLIA SOVEREIGN87936.94MONGOLIA SOVEREIGN212905.27MONGOLIA SOVEREIGN445512.87MONGOLIA SOVEREIGN176433.55MONGOLIA SOVEREIGN122564.88MONGOLIA SOVEREIGN421515.35MONGOLIA SOVEREIGN1037062.56MONGOLIA SOVEREIGN228479.08MONGOLIA SOVEREIGNSTATESTATESTATESTATEThe provision of a loan of up to US$ 7 million (€ 6.26 million) to the state of Mongolia to be on-lent to the Province of Orkhon for the rehabilitation and expansion of the flood protection infrastructure and water networks in the city of Erdenet. The city is vulnerable to flooding and its inefficient water supply system provides services to less than half of Erdenet residents. The project will increase the city's climate resilience, and improve access to drinking quality water through the reduction of substantial losses within the water network. It is expected to be co-financed by a capital grant of up to US$ 7 million from bi-lateral or multilateral donors. As a result of the Project, flooding frequency is expected to be reduced by 40-50 per cent. Almost 11,000 residents are expected to be connected to a more reliable and safe drinking water supply. Additional Measures under could result in the reduction of water loss in the system by 15 per cent. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50533XI-IATI-EBRD-50376European Bank for Reconstruction and DevelopmentThe project aims to introduce first time wastewater treatment services for the majority of population of Skopje through the construction of a large-scale Wastewater Treatment Plant ("WWTP"). For this purpose EBRD envisages the provision of a sovereign loan of up to EUR 60 million to the Republic of North Macedonia ("North Macedonia"), co-financed by a EUR 60 million sovereign loan from the European Investment Bank ("EIB") for the construction of a WWTP in Skopje (the "Project"). Additional grant funding for the Project is also being considered. The sovereign loan will be extended to the Ministry of Finance. Other key entities in the Project include: (i) JP Vodovod i Kanalizacija Skopje ("Vodovod", the "Company") as the final beneficiary of the investment; (ii) City of Skopje (the "City"), the owner of Vodovod; and (iii) the Ministry of Environment and Physical Planning, given the Project's environmental importance. The Project is complemented by a Technical Cooperation ("TC") package that will support Vodovod in its goal to improve its operational and financial performance and build the necessary institutional and technical capacity to implement a large scale investment and successfully start its activity in the wastewater treatment sector. Furthermore, the Project will be the second investment in Skopje under the Green Cities Framework ("GrCF") which is established to provide loans to governments, municipalities, municipal owned and private companies providing municipal services. The over-arching aim of the GrCF is to serve as a sector-wide catalyst for addressing environmental challenges at the Municipal/City level. This is underpinned through the implementation of a Green Cities Action Plan ("GCAP"), which is a strategic document whereby environmental challenges are benchmarked, priority areas for environmental improvements identified, environmental objectives defined and indicative investments determined. The Project will introduce for the first time wastewater treatment services for the majority of the 560,000 residents of the capital city of Skopje, helping to reduce environmental pollution in the Vardar River and the surrounding areas, linked to the current lack of wastewater treatment. As such, the Project is of unique national, regional and environmental importance for North Macedonia. Moreover, the Project is a 'follow-on' investment under the GrCF in Skopje and as such will provide broader support for tackling the critical environmental issues faced by this City.European Bank for Reconstruction and DevelopmentNORTH MACEDONIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.431414242000058000000NORTH MACEDONIA SOVEREIGN580000NORTH MACEDONIA SOVEREIGN15000000NORTH MACEDONIA SOVEREIGNSTATESTATESTATESTATEThe project aims to introduce first time wastewater treatment services for the majority of population of Skopje through the construction of a large-scale Wastewater Treatment Plant ("WWTP"). For this purpose EBRD envisages the provision of a sovereign loan of up to EUR 60 million to the Republic of North Macedonia ("North Macedonia"), co-financed by a EUR 60 million sovereign loan from the European Investment Bank ("EIB") for the construction of a WWTP in Skopje (the "Project"). Additional grant funding for the Project is also being considered. The sovereign loan will be extended to the Ministry of Finance. Other key entities in the Project include: (i) JP Vodovod i Kanalizacija Skopje ("Vodovod", the "Company") as the final beneficiary of the investment; (ii) City of Skopje (the "City"), the owner of Vodovod; and (iii) the Ministry of Environment and Physical Planning, given the Project's environmental importance. The Project is complemented by a Technical Cooperation ("TC") package that will support Vodovod in its goal to improve its operational and financial performance and build the necessary institutional and technical capacity to implement a large scale investment and successfully start its activity in the wastewater treatment sector. Furthermore, the Project will be the second investment in Skopje under the Green Cities Framework ("GrCF") which is established to provide loans to governments, municipalities, municipal owned and private companies providing municipal services. The over-arching aim of the GrCF is to serve as a sector-wide catalyst for addressing environmental challenges at the Municipal/City level. This is underpinned through the implementation of a Green Cities Action Plan ("GCAP"), which is a strategic document whereby environmental challenges are benchmarked, priority areas for environmental improvements identified, environmental objectives defined and indicative investments determined. The Project will introduce for the first time wastewater treatment services for the majority of the 560,000 residents of the capital city of Skopje, helping to reduce environmental pollution in the Vardar River and the surrounding areas, linked to the current lack of wastewater treatment. As such, the Project is of unique national, regional and environmental importance for North Macedonia. Moreover, the Project is a 'follow-on' investment under the GrCF in Skopje and as such will provide broader support for tackling the critical environmental issues faced by this City. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50376XI-IATI-EBRD-55325European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 4.0 million to be disbursed in two equal tranches (EUR 2 million each) under the Western Balkans GEFF III REpower Residential Programme ("WBGEFF III"). The loan will have a 3-year tenor with no grace period. The second tranche will be uncommitted. WBGEFF III is associated with Technical Cooperation and investment incentives for the end-borrowers. Since the first phase of GEFF, the programme has been supported by the EU through the WBIF, the government of Japan, Austria and Switzerland through High-Impact Partnership on Climate Action. The loan is intended to make available financing for investments in high-performance energy efficiency and renewable energy technologies, materials and solutions undertaken in or in relation to privately owned residential dwellings or buildings, construction of GET-eligible High energy Performance Residential Buildings (HPRBs) and eligible Energy Efficiency and/or Renewable Energy projects in the Public Sector. 100% of the use of proceeds will be related to investments eligible under the EBRD's Green Economy Transition ("GET") approach.European Bank for Reconstruction and DevelopmentBANKA PER BIZNES SHAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRISTINA42.67272 21.166884000000BANKA PER BIZNES SHAPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 4.0 million to be disbursed in two equal tranches (EUR 2 million each) under the Western Balkans GEFF III REpower Residential Programme ("WBGEFF III"). The loan will have a 3-year tenor with no grace period. The second tranche will be uncommitted. WBGEFF III is associated with Technical Cooperation and investment incentives for the end-borrowers. Since the first phase of GEFF, the programme has been supported by the EU through the WBIF, the government of Japan, Austria and Switzerland through High-Impact Partnership on Climate Action. The loan is intended to make available financing for investments in high-performance energy efficiency and renewable energy technologies, materials and solutions undertaken in or in relation to privately owned residential dwellings or buildings, construction of GET-eligible High energy Performance Residential Buildings (HPRBs) and eligible Energy Efficiency and/or Renewable Energy projects in the Public Sector. 100% of the use of proceeds will be related to investments eligible under the EBRD's Green Economy Transition ("GET") approach. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55325XI-IATI-EBRD-54294European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan in the amount of up to EUR 10 million equivalent in local currency (MAD 110m) in favour of Fondation Arrawaj under the Women in Business ("WiB") programme to support women-led MSMEs, with a focus on the ones located in the regions affected by the 8th September 2023 earthquake. The project aims to promote women's entrepreneurship and participation in business by improving their access to finance and advice through dedicated credit lines and tailored technical assistance programmes. A special focus will be given to distribution of funds in the regions and outreach to new customers. Moreover, the project will support access to finance for women-led MSMEs in the regions affected by the 8th September 2023 earthquake.European Bank for Reconstruction and DevelopmentFONDATION ARRAWAJ DE LA FINANCE INCLUSIVEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGRABAT34.01325 -6.8325510260948.04FONDATION ARRAWAJ DE LA FINANCE INCLUSIVEPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan in the amount of up to EUR 10 million equivalent in local currency (MAD 110m) in favour of Fondation Arrawaj under the Women in Business ("WiB") programme to support women-led MSMEs, with a focus on the ones located in the regions affected by the 8th September 2023 earthquake. The project aims to promote women's entrepreneurship and participation in business by improving their access to finance and advice through dedicated credit lines and tailored technical assistance programmes. A special focus will be given to distribution of funds in the regions and outreach to new customers. Moreover, the project will support access to finance for women-led MSMEs in the regions affected by the 8th September 2023 earthquake. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54294XI-IATI-EBRD-50944European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan to National Bank of Egypt ("NBE") of up to USD 100 million, of which up to USD 75 million to be provided by EBRD and up to USD 25 million by the Green Climate Fund ("GCF") under the GCF-Green Economy Financing Facility ("GEFF") Regional Framework. The proceeds of the loan will be used for financing investments in climate change mitigation and adaptation technologies across the industrial, commercial, transport and agricultural sectors by local private sector Small and Medium Enterprises ("SMEs"), in line with the standards and reporting requirements for GEFF in Egypt.European Bank for Reconstruction and DevelopmentNATIONAL BANK OF EGYPT SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496765657007.79NATIONAL BANK OF EGYPT SAEPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan to National Bank of Egypt ("NBE") of up to USD 100 million, of which up to USD 75 million to be provided by EBRD and up to USD 25 million by the Green Climate Fund ("GCF") under the GCF-Green Economy Financing Facility ("GEFF") Regional Framework. The proceeds of the loan will be used for financing investments in climate change mitigation and adaptation technologies across the industrial, commercial, transport and agricultural sectors by local private sector Small and Medium Enterprises ("SMEs"), in line with the standards and reporting requirements for GEFF in Egypt. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50944XI-IATI-EBRD-51148European Bank for Reconstruction and DevelopmentProvision of a senior unsecured debt facility of USD 20 million to the Commercial International Bank S.A.E (CIB) for on-lending to local private women-led small and medium-sized enterprises (SMEs) in Egypt. The EBRD loan will support CIB's lending activities and expand access to finance for underserved women-led SMEs.European Bank for Reconstruction and DevelopmentCOMMERCIAL INTERNATIONAL BANK EGYPT CIB SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.249678754267.71COMMERCIAL INTERNATIONAL BANK EGYPT CIB SAEPRIVATEPRIVATEPRIVATEProvision of a senior unsecured debt facility of USD 20 million to the Commercial International Bank S.A.E (CIB) for on-lending to local private women-led small and medium-sized enterprises (SMEs) in Egypt. The EBRD loan will support CIB's lending activities and expand access to finance for underserved women-led SMEs. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51148XI-IATI-EBRD-46875European Bank for Reconstruction and DevelopmentThe EBRD is providing an 18 years sovereign loan to finance (i) the purchase of a total of 13 air-conditioned train sets (8 wagons per train) to be operated on Cairo Metros Line II; and (ii) a portion of the long-term outsourced maintenance contract for Line II's entire fleet covering mainly the spare parts and equipment ("Project"). The Bank is developing an integrated approach ("IA") to support Egypt's efforts in addressing the current urban mobility challenges in Cairo in a concerted and sustainable manner. The IA which will focus on (i) improving the quality and financial sustainability of services, (ii) facilitating adequate asset maintenance; and (iii) reforming the institutional relationship between operational (operators) and regulatory functions (public authorities). Cairo Metro is the first transaction presented under the IA and is designed to address some of Cairo's stifling traffic problems by alleviating congestion and improving regulation. Specifically, the Project will increase the capacity of Cairo Metro Line II as more trains will become available for passenger transport and the fleet availability will improve from 79 percent to 88 per cent, ultimately increasing daily ridership capacity by around 23 per cent. This increase will be sustained through a modal shift towards the metro system which to date remains largely underutilised.European Bank for Reconstruction and DevelopmentEGYPT SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.249670.01125000000EGYPT SOVEREIGN1000000EGYPT SOVEREIGN534819EGYPT SOVEREIGN16186354.82EGYPT SOVEREIGN17492830.75EGYPT SOVEREIGN13257852.36EGYPT SOVEREIGN6877969.36EGYPT SOVEREIGN1467925.78EGYPT SOVEREIGN475538.54EGYPT SOVEREIGN32454344.58EGYPT SOVEREIGN10252364.8EGYPT SOVEREIGN250000EGYPT SOVEREIGN8299352.28EGYPT SOVEREIGN509467.6EGYPT SOVEREIGN2448569.77EGYPT SOVEREIGN3602697.18EGYPT SOVEREIGN7396787.4EGYPT SOVEREIGN805129.09EGYPT SOVEREIGN226472.88EGYPT SOVEREIGNSTATESTATESTATESTATEThe EBRD is providing an 18 years sovereign loan to finance (i) the purchase of a total of 13 air-conditioned train sets (8 wagons per train) to be operated on Cairo Metros Line II; and (ii) a portion of the long-term outsourced maintenance contract for Line II's entire fleet covering mainly the spare parts and equipment ("Project"). The Bank is developing an integrated approach ("IA") to support Egypt's efforts in addressing the current urban mobility challenges in Cairo in a concerted and sustainable manner. The IA which will focus on (i) improving the quality and financial sustainability of services, (ii) facilitating adequate asset maintenance; and (iii) reforming the institutional relationship between operational (operators) and regulatory functions (public authorities). Cairo Metro is the first transaction presented under the IA and is designed to address some of Cairo's stifling traffic problems by alleviating congestion and improving regulation. Specifically, the Project will increase the capacity of Cairo Metro Line II as more trains will become available for passenger transport and the fleet availability will improve from 79 percent to 88 per cent, ultimately increasing daily ridership capacity by around 23 per cent. This increase will be sustained through a modal shift towards the metro system which to date remains largely underutilised. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/46875XI-IATI-EBRD-54714European Bank for Reconstruction and DevelopmentA senior unsecured MSME loan of up to EUR 6.0 mln under the Financial Intermediaries Framework (FIF) to Banka per Biznes (BpB), with proceeds to be used for on-lending to MSMEs in Kosovo in accordance with the FIF Policy Statement. BpB will use its best efforts to allocate 30% of the proceeds of the loan for the purpose of making green sub-loans in accordance with EBRD Green Economy Transition (GET) eligibility criteria. The project will contribute to BpB's strategy to expand lending to the MSME segment, particularly in agricultural and manufacturing sectors which remain underserved in Kosovo. In addition, the bank's efforts to allocate 30% of the proceeds to GET-eligible projects demonstrate BpB's willingness to commit to upscale its green investments.European Bank for Reconstruction and DevelopmentBANKA PER BIZNES SHAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRISTINA42.67272 21.166886000000BANKA PER BIZNES SHAPRIVATEPRIVATEPRIVATEA senior unsecured MSME loan of up to EUR 6.0 mln under the Financial Intermediaries Framework (FIF) to Banka per Biznes (BpB), with proceeds to be used for on-lending to MSMEs in Kosovo in accordance with the FIF Policy Statement. BpB will use its best efforts to allocate 30% of the proceeds of the loan for the purpose of making green sub-loans in accordance with EBRD Green Economy Transition (GET) eligibility criteria. The project will contribute to BpB's strategy to expand lending to the MSME segment, particularly in agricultural and manufacturing sectors which remain underserved in Kosovo. In addition, the bank's efforts to allocate 30% of the proceeds to GET-eligible projects demonstrate BpB's willingness to commit to upscale its green investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54714XI-IATI-EBRD-52828European Bank for Reconstruction and DevelopmentThe provision of a sovereign loan of up to EUR 55 million (the "Loan") to the Republic of North Macedonia for establishing and developing a regional waste management systems in five administrative regions in the country (the "Project"). The Ministry of Environment and Physical Planning ("MoEPP") will be the Implementing Entity and responsible for the Project implementation. The Loan will be provided in two tranches: Tranche 1 in the amount of up to EUR 47.5 million, to be committed at loan signing, will finance investments in the Polog and Pelagonija & Southwest Regions ("PSW") region. It will involve (i) construction/reconstruction of the regional integrated waste management systems ("RWMS") and transfer stations, and (ii) waste storage systems and bulky waste collection and closure of the Novaci dumpsite. Tranche 2 in the amount of up to EUR 7.5 million (uncommitted) will finance (i) the solid waste landfill and transfer stations in the Vardar and the Southeast ("VSE") region. Tranche 2 will be committed at the sole discretion of the EBRD upon completion of a Feasibility Study for the respective region under the proposed tranche. The project is expected to benefit from a Swiss State Secretariat for Economic Affairs ("SECO") investment and technical cooperation grant. The Project supports essential modernization of Solid Waste ("SW") infrastructure in each of the five Project regions covering (i) reconstruction/construction of selected regional, sanitary landfills and (ii) procurement of bins and containers for recyclables and residual waste, transport vehicles and equipment. The Project is the very first nation-wide undertaking in the SWM sector in North Macedonia and an important step towards a sustainable solution for solid waste management services. The Project introduces for the first time solid waste services compliant with the respective EU standards in the sector, covering a population of more than one million residents across five administrative regions in the country. As such, the Project is of a unique national, regional and environmental importance for North Macedonia, and was identified as a national priority in the context of EU accession.European Bank for Reconstruction and DevelopmentNORTH MACEDONIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.431414202500047500000NORTH MACEDONIA SOVEREIGN475000NORTH MACEDONIA SOVEREIGN5000000NORTH MACEDONIA SOVEREIGNSTATESTATESTATESTATEThe provision of a sovereign loan of up to EUR 55 million (the "Loan") to the Republic of North Macedonia for establishing and developing a regional waste management systems in five administrative regions in the country (the "Project"). The Ministry of Environment and Physical Planning ("MoEPP") will be the Implementing Entity and responsible for the Project implementation. The Loan will be provided in two tranches: Tranche 1 in the amount of up to EUR 47.5 million, to be committed at loan signing, will finance investments in the Polog and Pelagonija & Southwest Regions ("PSW") region. It will involve (i) construction/reconstruction of the regional integrated waste management systems ("RWMS") and transfer stations, and (ii) waste storage systems and bulky waste collection and closure of the Novaci dumpsite. Tranche 2 in the amount of up to EUR 7.5 million (uncommitted) will finance (i) the solid waste landfill and transfer stations in the Vardar and the Southeast ("VSE") region. Tranche 2 will be committed at the sole discretion of the EBRD upon completion of a Feasibility Study for the respective region under the proposed tranche. The project is expected to benefit from a Swiss State Secretariat for Economic Affairs ("SECO") investment and technical cooperation grant. The Project supports essential modernization of Solid Waste ("SW") infrastructure in each of the five Project regions covering (i) reconstruction/construction of selected regional, sanitary landfills and (ii) procurement of bins and containers for recyclables and residual waste, transport vehicles and equipment. The Project is the very first nation-wide undertaking in the SWM sector in North Macedonia and an important step towards a sustainable solution for solid waste management services. The Project introduces for the first time solid waste services compliant with the respective EU standards in the sector, covering a population of more than one million residents across five administrative regions in the country. As such, the Project is of a unique national, regional and environmental importance for North Macedonia, and was identified as a national priority in the context of EU accession. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52828XI-IATI-EBRD-52642European Bank for Reconstruction and DevelopmentA sovereign loan of up to EUR 75 million, divided into two tranches, was provided in December 2021 to the Republic of Serbia (the "Client") for the Serbian Solid Waste Programme (the "Project"). Tranche 1, in the amount of EUR 50 million, is financing the construction of four regional waste management systems ("RWMS") in Kalenic (Central Serbia), Sombor (Northern Serbia), Duboko (Western Serbia) and Nova Varos (Western Serbia) solid waste regions and related technical consultancy services for supporting the project implementation and works supervision. Tranche 2, in the amount of EUR 25 million, is financing the construction of two RWMS in Pirot (South-eastern Serbia) and Sremska Mitrovica (North-western Serbia) solid waste regions and a multi-regional primary sorting system (i.e. purchase of containers and waste collection vehicles) within several solid waste regions and related technical consultancy services for supporting the project implementation and works supervision. Provision of additional EBRD financing of up to EUR 75 million is currently envisaged in order to enable the Client to expand the Project scope by including the construction of the RWMC in Indjija (North-western Serbia) and related technical consultancy services for project implementation and works supervision, as well as to cover increased investment costs, mainly driven by: (i) the significant increase of cost of works and materials, (ii) expansion of the Project's scope due to increased population (four municipalities) covered by the Project, (iii) improved technical solutions proposed in the updated detailed studies and designs, and (iv) additional components not considered in pre-feasibility study. The Project supports the upgrade of Serbia's waste management systems in line with EU standards. The Project will cover 47 municipalities and provide waste management services to over 1,560,000 people. Total investment is estimated at up to EUR 300 million and will be co-financed on a 50:50 basis with the French Development Agency ("AFD"). Development of integrated and modern solid waste management systems compliant with EU standards via (i) the establishment of RWMS articulated around a regional centre covering several municipalities (particularly for the regional sanitary landfill); (ii) the establishment of primary sorting/recycling systems (material recovery facilities); and (iii) the treatment and recovery of biodegradable waste. Other investments relating to the infrastructure necessary for collection (waste bins/containers, vehicles and transfer stations) will also be included in the scope of the Project.European Bank for Reconstruction and DevelopmentSERBIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.46513119561703.74150000000SERBIA SOVEREIGN179014.88SERBIA SOVEREIGN148615.2SERBIA SOVEREIGN14935SERBIA SOVEREIGN55486.15SERBIA SOVEREIGN76926.07SERBIA SOVEREIGN79237.39SERBIA SOVEREIGN2865665.72SERBIA SOVEREIGN31900SERBIA SOVEREIGN144100SERBIA SOVEREIGN52160.47SERBIA SOVEREIGN99000SERBIA SOVEREIGN1573767.3SERBIA SOVEREIGN859046.08SERBIA SOVEREIGN34250SERBIA SOVEREIGN412523.64SERBIA SOVEREIGN102750SERBIA SOVEREIGN109175SERBIA SOVEREIGN126502.87SERBIA SOVEREIGN213695.06SERBIA SOVEREIGN18179.55SERBIA SOVEREIGN418644.57SERBIA SOVEREIGN907281.86SERBIA SOVEREIGN436011.3SERBIA SOVEREIGN295364.48SERBIA SOVEREIGN110550SERBIA SOVEREIGN797312.91SERBIA SOVEREIGN989800.12SERBIA SOVEREIGN61976.43SERBIA SOVEREIGN1095150SERBIA SOVEREIGN450747.79SERBIA SOVEREIGN13546.5SERBIA SOVEREIGN502929.35SERBIA SOVEREIGN59775SERBIA SOVEREIGN68225SERBIA SOVEREIGN97071.74SERBIA SOVEREIGN128525SERBIA SOVEREIGN41192.14SERBIA SOVEREIGN41892.11SERBIA SOVEREIGN15000SERBIA SOVEREIGN2211091.99SERBIA SOVEREIGN181785.18SERBIA SOVEREIGN1155205.87SERBIA SOVEREIGN2013550.23SERBIA SOVEREIGN1060166.93SERBIA SOVEREIGN57671SERBIA SOVEREIGN92295SERBIA SOVEREIGN293535.69SERBIA SOVEREIGN34250SERBIA SOVEREIGN288229.8SERBIA SOVEREIGN409011.46SERBIA SOVEREIGN174632.6SERBIA SOVEREIGN35000SERBIA SOVEREIGN31661.5SERBIA SOVEREIGN481288.14SERBIA SOVEREIGN2595873.83SERBIA SOVEREIGN539901.5SERBIA SOVEREIGN825075.59SERBIA SOVEREIGN941708.39SERBIA SOVEREIGN59142.75SERBIA SOVEREIGN584045SERBIA SOVEREIGN95840.52SERBIA SOVEREIGN76950SERBIA SOVEREIGN797636.24SERBIA SOVEREIGN326930.7SERBIA SOVEREIGN953582.58SERBIA SOVEREIGN31790.62SERBIA SOVEREIGN149666.47SERBIA SOVEREIGN212850SERBIA SOVEREIGNSTATESTATESTATESTATEA sovereign loan of up to EUR 75 million, divided into two tranches, was provided in December 2021 to the Republic of Serbia (the "Client") for the Serbian Solid Waste Programme (the "Project"). Tranche 1, in the amount of EUR 50 million, is financing the construction of four regional waste management systems ("RWMS") in Kalenic (Central Serbia), Sombor (Northern Serbia), Duboko (Western Serbia) and Nova Varos (Western Serbia) solid waste regions and related technical consultancy services for supporting the project implementation and works supervision. Tranche 2, in the amount of EUR 25 million, is financing the construction of two RWMS in Pirot (South-eastern Serbia) and Sremska Mitrovica (North-western Serbia) solid waste regions and a multi-regional primary sorting system (i.e. purchase of containers and waste collection vehicles) within several solid waste regions and related technical consultancy services for supporting the project implementation and works supervision. Provision of additional EBRD financing of up to EUR 75 million is currently envisaged in order to enable the Client to expand the Project scope by including the construction of the RWMC in Indjija (North-western Serbia) and related technical consultancy services for project implementation and works supervision, as well as to cover increased investment costs, mainly driven by: (i) the significant increase of cost of works and materials, (ii) expansion of the Project's scope due to increased population (four municipalities) covered by the Project, (iii) improved technical solutions proposed in the updated detailed studies and designs, and (iv) additional components not considered in pre-feasibility study. The Project supports the upgrade of Serbia's waste management systems in line with EU standards. The Project will cover 47 municipalities and provide waste management services to over 1,560,000 people. Total investment is estimated at up to EUR 300 million and will be co-financed on a 50:50 basis with the French Development Agency ("AFD"). Development of integrated and modern solid waste management systems compliant with EU standards via (i) the establishment of RWMS articulated around a regional centre covering several municipalities (particularly for the regional sanitary landfill); (ii) the establishment of primary sorting/recycling systems (material recovery facilities); and (iii) the treatment and recovery of biodegradable waste. Other investments relating to the infrastructure necessary for collection (waste bins/containers, vehicles and transfer stations) will also be included in the scope of the Project. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52642XI-IATI-EBRD-55269European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to €4 million to be provided in two equal tranches (€2 million each) under the Financial Intermediaries Framework ("FIF"). The proceeds will be on-lent to eligible MSMEs in line with the FIF Policy Statement.European Bank for Reconstruction and DevelopmentMIKROKREDITNA FINANSIJSKA INSTITUCIJA ALTER MODUS DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPODGORICA42.44111 19.263614000000MIKROKREDITNA FINANSIJSKA INSTITUCIJA ALTER MODUS DOOPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to €4 million to be provided in two equal tranches (€2 million each) under the Financial Intermediaries Framework ("FIF"). The proceeds will be on-lent to eligible MSMEs in line with the FIF Policy Statement. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55269XI-IATI-EBRD-55019European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 2 million under the Western Balkans GEFF III - REPower Residential Programme. The proceeds of the Bank's investment will support investments in (i) high-performance energy efficiency technologies, materials and solutions undertaken in privately owned residential dwellings or buildings, (ii) the construction of GET-eligible High Energy Performance Residential Buildings and (iii) eligible Energy Efficiency and/or Renewable Energy projects in the Public Sector.European Bank for Reconstruction and DevelopmentMIKROFIN DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBANJA LUKA44.77842 17.193862000000MIKROFIN DOOPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 2 million under the Western Balkans GEFF III - REPower Residential Programme. The proceeds of the Bank's investment will support investments in (i) high-performance energy efficiency technologies, materials and solutions undertaken in privately owned residential dwellings or buildings, (ii) the construction of GET-eligible High Energy Performance Residential Buildings and (iii) eligible Energy Efficiency and/or Renewable Energy projects in the Public Sector. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55019XI-IATI-EBRD-52680European Bank for Reconstruction and DevelopmentProvision of a EUR 12 million senior loan with a maturity of 7 years (including 2 years of grace period). The proceeds will be used to support the equipment acquisition related to the setting-up of the first automotive test centre in Morocco (and Africa). FEV Group and UTAC Group are partnering to establish a joint-venture company (the "Borrower" or the "JV" or "ATC"), which will be the first automotive testing centre in Morocco (and Africa) with a comprehensive offering for various OEMs. Following the launch of Stellantis activities in Morocco in 2019 and the transfer of part of its gasoline powertrain development activities to Morocco, UTAC Group created UTAC Maroc, involved in the test tracks and other component testing and FEV Group created FEV North Africa, a company involved in the powertrain engineering and testing. Under this JV, FEV North Africa and UTAC Maroc, each preserving their proprietary technologies, will have complementary businesses, where FEV North Africa will run its own powertrain test benches and chassis dyno and UTAC Maroc will be responsible for the test tracks and other component testing, together with events and training activities.European Bank for Reconstruction and DevelopmentAUTOMOTIVE TEST CENTER MOROCCO SASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCASABLANCA33.58831 -7.6113812000000AUTOMOTIVE TEST CENTER MOROCCO SASPRIVATEPRIVATEPRIVATEProvision of a EUR 12 million senior loan with a maturity of 7 years (including 2 years of grace period). The proceeds will be used to support the equipment acquisition related to the setting-up of the first automotive test centre in Morocco (and Africa). FEV Group and UTAC Group are partnering to establish a joint-venture company (the "Borrower" or the "JV" or "ATC"), which will be the first automotive testing centre in Morocco (and Africa) with a comprehensive offering for various OEMs. Following the launch of Stellantis activities in Morocco in 2019 and the transfer of part of its gasoline powertrain development activities to Morocco, UTAC Group created UTAC Maroc, involved in the test tracks and other component testing and FEV Group created FEV North Africa, a company involved in the powertrain engineering and testing. Under this JV, FEV North Africa and UTAC Maroc, each preserving their proprietary technologies, will have complementary businesses, where FEV North Africa will run its own powertrain test benches and chassis dyno and UTAC Maroc will be responsible for the test tracks and other component testing, together with events and training activities. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52680XI-IATI-EBRD-54249European Bank for Reconstruction and DevelopmentProvision of a USD 50 million long-term working capital facility to the Egyptian German Company for Industrial Corporation ("EGIC" or the "Company") to support their working capital requirements for 2024. The project will help secure part of EGIC's hard currency denominated working capital needs for 2024 amidst the current volatile economic environment to provide a stable and reliable supply of products to the market. Furthermore, the Loan will help diversify the Company's access to essential USD funding to import its raw materials and decrease its reliance on short term funding.European Bank for Reconstruction and DevelopmentEGYPTIAN GERMAN COMPANY FOR INDUSTRIAL CORPORATE SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.249670.0143771338.53EGYPTIAN GERMAN COMPANY FOR INDUSTRIAL CORPORATE SAEPRIVATEPRIVATEPRIVATEProvision of a USD 50 million long-term working capital facility to the Egyptian German Company for Industrial Corporation ("EGIC" or the "Company") to support their working capital requirements for 2024. The project will help secure part of EGIC's hard currency denominated working capital needs for 2024 amidst the current volatile economic environment to provide a stable and reliable supply of products to the market. Furthermore, the Loan will help diversify the Company's access to essential USD funding to import its raw materials and decrease its reliance on short term funding. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54249XI-IATI-EBRD-54442European Bank for Reconstruction and DevelopmentProvision of a subordinated loan of up to USD 150 million in favor of Commercial International Bank (CIB) to support its expansion efforts and strengthen its capital buffers. The project will help strengthen CIB's Tier II capital to support its growth, optimize its capital structure, as well as hedge against further erosion of the bank's capital base as a result of market volatility.European Bank for Reconstruction and DevelopmentCOMMERCIAL INTERNATIONAL BANK EGYPT CIB SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.24967131314015.58COMMERCIAL INTERNATIONAL BANK EGYPT CIB SAEPRIVATEPRIVATEPRIVATEProvision of a subordinated loan of up to USD 150 million in favor of Commercial International Bank (CIB) to support its expansion efforts and strengthen its capital buffers. The project will help strengthen CIB's Tier II capital to support its growth, optimize its capital structure, as well as hedge against further erosion of the bank's capital base as a result of market volatility. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54442XI-IATI-EBRD-49909European Bank for Reconstruction and DevelopmentThe EBRD is exploring providing a long-term financing to support concession of Sofia International Airport. The Bank's financing would support expansion of the private sector participation in the infrastructure sector in Bulgaria. The project will include modernisation and upgrade of a strategic airport infrastructure in the country.European Bank for Reconstruction and DevelopmentSOF CONNECT EADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGMINSK53.9 27.5666757000000SOF CONNECT EADPRIVATEPRIVATEPRIVATEThe EBRD is exploring providing a long-term financing to support concession of Sofia International Airport. The Bank's financing would support expansion of the private sector participation in the infrastructure sector in Bulgaria. The project will include modernisation and upgrade of a strategic airport infrastructure in the country. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49909XI-IATI-EBRD-56649European Bank for Reconstruction and DevelopmentThe EBRD is considering providing a sovereign-guaranteed loan of up to €15 million to Crnogorski Elektroprenosni Sistem AD ("CGES", or "the Company"). The proceeds of the EBRD financing will be used to support the upgrade of the Trebinje (BIH) - Peruiica (MNE) - Podgorica (MNE) - Vau i Dejes (ALB) power transmission corridor, increasing its capacity from approximately 300 MW to 600 MW. The upgrade will primarily involve replacing existing conductors with High Temperature Low Sag (HTLS) conductors along the 220 kV overhead transmission line that runs through Montenegro, from the border with Bosnia and Herzegovina, through key substations at the Peruiica hydropower plant and the main Podgorica substation, to the border with Albania. The Project will strengthen regional energy connectivity and grid resilience across the Western Balkans aimed at doubling its transmission capacity from 300 MW to 600 MW. This upgrade will be instrumental in facilitating the integration of a substantial portfolio of Renewable Energy (RE) power plants into the regional grid. The realization of this project is projected to significantly reduce energy losses.European Bank for Reconstruction and DevelopmentCRNOGORSKI ELEKTROPRENOSNI SISTEM AD (CGES)European Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPODGORICA42.44111 19.263611500000015000000CRNOGORSKI ELEKTROPRENOSNI SISTEM AD (CGES)STATESTATESTATESTATEThe EBRD is considering providing a sovereign-guaranteed loan of up to €15 million to Crnogorski Elektroprenosni Sistem AD ("CGES", or "the Company"). The proceeds of the EBRD financing will be used to support the upgrade of the Trebinje (BIH) - Peruiica (MNE) - Podgorica (MNE) - Vau i Dejes (ALB) power transmission corridor, increasing its capacity from approximately 300 MW to 600 MW. The upgrade will primarily involve replacing existing conductors with High Temperature Low Sag (HTLS) conductors along the 220 kV overhead transmission line that runs through Montenegro, from the border with Bosnia and Herzegovina, through key substations at the Peruiica hydropower plant and the main Podgorica substation, to the border with Albania. The Project will strengthen regional energy connectivity and grid resilience across the Western Balkans aimed at doubling its transmission capacity from 300 MW to 600 MW. This upgrade will be instrumental in facilitating the integration of a substantial portfolio of Renewable Energy (RE) power plants into the regional grid. The realization of this project is projected to significantly reduce energy losses. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56649XI-IATI-EBRD-57188European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to €2.5 million to ProCredit Bank Macedonia under the EBRD Western Balkans Youth in Business Programme ("WB YiB"). The loan proceeds will be used for on-lending to eligible small and medium-sized enterprises ("MSMEs") whose overall operational management responsibility or majority ownership is held by a person (or persons) under the age of 35 ("Youth MSMEs") in North Macedonia.European Bank for Reconstruction and DevelopmentPROCREDIT BANK ADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.431412500000PROCREDIT BANK ADPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to €2.5 million to ProCredit Bank Macedonia under the EBRD Western Balkans Youth in Business Programme ("WB YiB"). The loan proceeds will be used for on-lending to eligible small and medium-sized enterprises ("MSMEs") whose overall operational management responsibility or majority ownership is held by a person (or persons) under the age of 35 ("Youth MSMEs") in North Macedonia. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57188XI-IATI-EBRD-52682European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to EUR 2.0 million to be provided in two tranches (a first tranche of EUR 1.0 million and a second tranche of EUR 1.0 million) under the Western Balkans Green Economy Financing Facility II. The second tranche will be uncommitted and its commitment will be in the EBRD's sole discretion. The loan will be fully guaranteed by ProCredit Holding AG & Co. KGaA, the sole shareholder of ProCredit Bank dd BiH. This project will contribute to the objectives of WB GEFF II, supporting the Green and Competitive transition qualities.European Bank for Reconstruction and DevelopmentPROCREDIT BANK DDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.356442000000PROCREDIT BANK DDPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to EUR 2.0 million to be provided in two tranches (a first tranche of EUR 1.0 million and a second tranche of EUR 1.0 million) under the Western Balkans Green Economy Financing Facility II. The second tranche will be uncommitted and its commitment will be in the EBRD's sole discretion. The loan will be fully guaranteed by ProCredit Holding AG & Co. KGaA, the sole shareholder of ProCredit Bank dd BiH. This project will contribute to the objectives of WB GEFF II, supporting the Green and Competitive transition qualities. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52682XI-IATI-EBRD-56400European Bank for Reconstruction and DevelopmentThe Bank has invested EUR 50 million in the EUR 500 million senior secured bond issuance by Eastern European Electric Company B.V. ("EEEC"), which priced on 8 May 2025 (the "Project"). The bonds were issued and admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange on 15 May 2025. In line with Bulgaria's decarbonisation objectives, EEEC will allocate an amount equivalent to the proceeds of the bonds purchased by EBRD to finance the capex program at Electrodistribution Grid West (EDG West) during the five-year lifetime of the bond. The capex program is dedicated to electricity grid modernisation, including smart meter installations, underground electricity line upgrades, and new/retroactive grid connection financing for renewable assets, among other upgrades. These upgrades are expected to contribute to climate change mitigation efforts and result in up to 194GWh of energy savings per annum due to the implementation of new smart meters.European Bank for Reconstruction and DevelopmentEASTERN EUROPEAN ELECTRIC COMPANY BVEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSOFIA42.69751 23.3241550000000EASTERN EUROPEAN ELECTRIC COMPANY BVPRIVATEPRIVATEPRIVATEThe Bank has invested EUR 50 million in the EUR 500 million senior secured bond issuance by Eastern European Electric Company B.V. ("EEEC"), which priced on 8 May 2025 (the "Project"). The bonds were issued and admitted to trading on the Euro MTF Market of the Luxembourg Stock Exchange on 15 May 2025. In line with Bulgaria's decarbonisation objectives, EEEC will allocate an amount equivalent to the proceeds of the bonds purchased by EBRD to finance the capex program at Electrodistribution Grid West (EDG West) during the five-year lifetime of the bond. The capex program is dedicated to electricity grid modernisation, including smart meter installations, underground electricity line upgrades, and new/retroactive grid connection financing for renewable assets, among other upgrades. These upgrades are expected to contribute to climate change mitigation efforts and result in up to 194GWh of energy savings per annum due to the implementation of new smart meters. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56400XI-IATI-EBRD-56670European Bank for Reconstruction and DevelopmentA senior secured loan of up to €2 million to be provided in two equal tranches under the SME Go Digital in the Western Balkans Programme. The transaction will support the aim of the Programme to: (i) advance innovation and competitiveness of the private sector via targeted investments among SMEs for higher utilisation of digitalisation and automation technologies; (ii) support transition to green economy (GET technologies); (iii) increase the capacity and trade potential of SMEs via increased access to finance, to allow them to invest additional resources to introduce EU standards; and (iv) promote more equitable access to finance for automation and digitalisation investments for women-led SMEs, and improve the competitiveness and sustainability of end-beneficiaries' business operations. In addition, it will facilitate the launch of SME Training Academy, equipping SMEs with business competencies, emphasising resilience, growth and regional cooperation.European Bank for Reconstruction and DevelopmentADDIKO BANK AD PODGORICAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPODGORICA42.44111 19.2636110000001000000ADDIKO BANK AD PODGORICAPRIVATEPRIVATEPRIVATEA senior secured loan of up to €2 million to be provided in two equal tranches under the SME Go Digital in the Western Balkans Programme. The transaction will support the aim of the Programme to: (i) advance innovation and competitiveness of the private sector via targeted investments among SMEs for higher utilisation of digitalisation and automation technologies; (ii) support transition to green economy (GET technologies); (iii) increase the capacity and trade potential of SMEs via increased access to finance, to allow them to invest additional resources to introduce EU standards; and (iv) promote more equitable access to finance for automation and digitalisation investments for women-led SMEs, and improve the competitiveness and sustainability of end-beneficiaries' business operations. In addition, it will facilitate the launch of SME Training Academy, equipping SMEs with business competencies, emphasising resilience, growth and regional cooperation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56670XI-IATI-EBRD-56022European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan to MicroFund for Women ("MFW") of up to USD 4 million, of which up to USD 3 million to be provided by EBRD and up to USD 1 million by the Green Climate Fund ("GCF") under the GCF-Green Economy Financing Facility ("GEFF") Regional Framework. Proceeds of the loan will be allocated to climate change mitigation and adaptation technologies by local micro, small and medium enterprises, including women-led, in line with the standards and reporting requirements for GEFF in Jordan.European Bank for Reconstruction and DevelopmentMICROFUND FOR WOMENEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGAMMAN31.95522 35.945032626280.31MICROFUND FOR WOMENPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan to MicroFund for Women ("MFW") of up to USD 4 million, of which up to USD 3 million to be provided by EBRD and up to USD 1 million by the Green Climate Fund ("GCF") under the GCF-Green Economy Financing Facility ("GEFF") Regional Framework. Proceeds of the loan will be allocated to climate change mitigation and adaptation technologies by local micro, small and medium enterprises, including women-led, in line with the standards and reporting requirements for GEFF in Jordan. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56022XI-IATI-EBRD-53547European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 0.5 million to be provided in one single tranche under the Western Balkans Youth in Business Programme ("WB YiB") The Loan proceeds will be used for on-lending to eligible micro- and small sized enterprises ("MSEs") whose overall operational management responsibility or majority ownership is held by a person (or persons) under the age of 35 ("Youth MSEs") in Bosnia and Herzegovina ("BiH") in accordance with the Policy Statement.European Bank for Reconstruction and DevelopmentMIKROKREDITNA FONDACIJA MI-BOSPO TUZLAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTUZLA44.53842 18.66709500000MIKROKREDITNA FONDACIJA MI-BOSPO TUZLAPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 0.5 million to be provided in one single tranche under the Western Balkans Youth in Business Programme ("WB YiB") The Loan proceeds will be used for on-lending to eligible micro- and small sized enterprises ("MSEs") whose overall operational management responsibility or majority ownership is held by a person (or persons) under the age of 35 ("Youth MSEs") in Bosnia and Herzegovina ("BiH") in accordance with the Policy Statement. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53547XI-IATI-EBRD-49407European Bank for Reconstruction and DevelopmentEstablishment of Eko Toplane (the Company) a new majority privately owned district heating company that would build, own and operate a 49 MW biomass boiler plant for district heating in the City Of Banja Luka. The Company will also operate the existing district heating network and two smaller biomass boiler plants owned by the City. The Company is 51 per cent owned by IEE Banja Luka, a private sector sponsor, and the City holds the remaining shares. 1. Conversion from expensive and polluting heavy fuel oil to a cheaper and less polluting locally available wood biomass; 2. Introduction of private sector expertise and efficiency in district heating services and 3. Commercialisation of the financial operations through application of cost recovery tariffs.European Bank for Reconstruction and DevelopmentCITY OF BANJA LUKAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBANJA LUKA44.77842 17.193868347000CITY OF BANJA LUKA8347000CITY OF BANJA LUKASTATESTATESTATESTATEEstablishment of Eko Toplane (the Company) a new majority privately owned district heating company that would build, own and operate a 49 MW biomass boiler plant for district heating in the City Of Banja Luka. The Company will also operate the existing district heating network and two smaller biomass boiler plants owned by the City. The Company is 51 per cent owned by IEE Banja Luka, a private sector sponsor, and the City holds the remaining shares. 1. Conversion from expensive and polluting heavy fuel oil to a cheaper and less polluting locally available wood biomass; 2. Introduction of private sector expertise and efficiency in district heating services and 3. Commercialisation of the financial operations through application of cost recovery tariffs. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49407XI-IATI-EBRD-52547European Bank for Reconstruction and DevelopmentProvision of a long-term senior unsecured loan of up to EUR 5 million to Erste Bank AD Novi Sad (EBS) for on-lending to small and medium enterprises (SMEs) in Serbia. The loan is envisaged under the Regional SME Competitiveness Support Programme ("SME-CSP"). The loan is envisaged to provide financing for on-lending to local SMEs for investments in environmental protection, workers' safety and product quality and safety in order to introduce and implement EU standards, which will boost local SMEs' competitiveness. At least 60 per cent of the use of the proceeds is expected to be related to Green Economy Transition ("GET") investments.European Bank for Reconstruction and DevelopmentERSTE BANK AD NOVI SADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGNOVI SAD45.25167 19.836945000000ERSTE BANK AD NOVI SADPRIVATEPRIVATEPRIVATEProvision of a long-term senior unsecured loan of up to EUR 5 million to Erste Bank AD Novi Sad (EBS) for on-lending to small and medium enterprises (SMEs) in Serbia. The loan is envisaged under the Regional SME Competitiveness Support Programme ("SME-CSP"). The loan is envisaged to provide financing for on-lending to local SMEs for investments in environmental protection, workers' safety and product quality and safety in order to introduce and implement EU standards, which will boost local SMEs' competitiveness. At least 60 per cent of the use of the proceeds is expected to be related to Green Economy Transition ("GET") investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52547XI-IATI-EBRD-50324European Bank for Reconstruction and DevelopmentA senior loan of up to USD 52.7 million equivalent in KZT on a project finance basis to SES Saran LLP (the "Borrower"), a special purpose vehicle incorporated in the Republic of Kazakhstan for the development, construction and operation of a solar photovoltaic power plant ("SPP") with an installed capacity of 100 MWp located in the Karaganda region (the "Project"). The project will support Kazakhstan in increasing the share of renewable energy in Kazakhstan's energy mix and it will contribute to achieving the Kazakh government goal of non-hydro renewable energy accounting for 3 % of all power generation by 2020.European Bank for Reconstruction and DevelopmentSES SARAN LLPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKARAGANDA49.80187 73.1021134448776.47SES SARAN LLPPRIVATEPRIVATEPRIVATEA senior loan of up to USD 52.7 million equivalent in KZT on a project finance basis to SES Saran LLP (the "Borrower"), a special purpose vehicle incorporated in the Republic of Kazakhstan for the development, construction and operation of a solar photovoltaic power plant ("SPP") with an installed capacity of 100 MWp located in the Karaganda region (the "Project"). The project will support Kazakhstan in increasing the share of renewable energy in Kazakhstan's energy mix and it will contribute to achieving the Kazakh government goal of non-hydro renewable energy accounting for 3 % of all power generation by 2020. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50324XI-IATI-EBRD-55308European Bank for Reconstruction and DevelopmentProvision of a senior loan of up to USD 173.5 million to Obelisk Solar Power, a Special Purpose Vehicle (SPV) wholly owned by Scatec ASA, to finance the construction and development of a 1 GWac solar PV plant with a 200 MWh Battery Energy Storage System (BESS) located in Nagaa Hammadi, Egypt. The electricity produced by the Project will be sold to the Egyptian Electricity Transmission Company (EETC) as the offtaker under a long-term Power Purchase Agreement (PPA). The Project benefits from a first loss risk cover from the European Fund for Sustainable Development plus (EFSD+) Hi-Bar guarantee programme. The programme contributes to transitioning economies in the European Neighbourhood by supporting sustainable investments in energy transition. The Project will enable the country to meet its declared renewable energy targets. The Project has a strong demonstration effect as it introduces one of the first hybrid renewable projects with an integrated BESS in the country, the success of which will pave the way for future similar projects helping to address the challenges posed by the intermittent nature of renewable energy sources to support grid stability. The Project will be delivered under the 10 GW renewables target set under the Energy Pillar of the Nexus Water-Food-Energy Programme (NWFE) country platform, an EBRD-led major policy engagement first announced at COP27.European Bank for Reconstruction and DevelopmentOBELISK SOLAR POWER SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.249678741561.75151886544.69OBELISK SOLAR POWER SAEPRIVATEPRIVATEPRIVATEProvision of a senior loan of up to USD 173.5 million to Obelisk Solar Power, a Special Purpose Vehicle (SPV) wholly owned by Scatec ASA, to finance the construction and development of a 1 GWac solar PV plant with a 200 MWh Battery Energy Storage System (BESS) located in Nagaa Hammadi, Egypt. The electricity produced by the Project will be sold to the Egyptian Electricity Transmission Company (EETC) as the offtaker under a long-term Power Purchase Agreement (PPA). The Project benefits from a first loss risk cover from the European Fund for Sustainable Development plus (EFSD+) Hi-Bar guarantee programme. The programme contributes to transitioning economies in the European Neighbourhood by supporting sustainable investments in energy transition. The Project will enable the country to meet its declared renewable energy targets. The Project has a strong demonstration effect as it introduces one of the first hybrid renewable projects with an integrated BESS in the country, the success of which will pave the way for future similar projects helping to address the challenges posed by the intermittent nature of renewable energy sources to support grid stability. The Project will be delivered under the 10 GW renewables target set under the Energy Pillar of the Nexus Water-Food-Energy Programme (NWFE) country platform, an EBRD-led major policy engagement first announced at COP27. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55308XI-IATI-EBRD-52876European Bank for Reconstruction and DevelopmentPartial acquisition of a primary equity investment in GlobalCorp Financial Services (GCFS) alongside a consortium of investors made up of EBRD, Amethis and SPE Capital. The project includes a primary capital component which will strengthen GCFS's capital position, help fund the expansion of its leasing and factoring SME segment, and expand into a wider array of financial services for the private sector.European Bank for Reconstruction and DevelopmentHAMMURABI BVEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.24967321220.6911506307.08HAMMURABI BVPRIVATEPRIVATEPRIVATEPartial acquisition of a primary equity investment in GlobalCorp Financial Services (GCFS) alongside a consortium of investors made up of EBRD, Amethis and SPE Capital. The project includes a primary capital component which will strengthen GCFS's capital position, help fund the expansion of its leasing and factoring SME segment, and expand into a wider array of financial services for the private sector. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52876XI-IATI-EBRD-46009European Bank for Reconstruction and DevelopmentThe EBRD has committed to an equity investment of up to €45 million in Vecteur LV ('VLV' or the 'Company'), a real estate company registered in Morocco and a subsidiary of Label'Vie, one of the leading food retailers and the exclusive Carrefour franchisee in Morocco. VLV has been used by Label'Vie as its real estate platform to develop its supermarkets and the associated retail galleries. The project will support the development, operations and management of a portfolio of sustainable mixed-use real estate assets across the different regions of Morocco, allowing Label'Vie to accelerate its expansion.European Bank for Reconstruction and DevelopmentARADEI CAPITALEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCASABLANCA33.58831 -7.6113845000000ARADEI CAPITALPRIVATEPRIVATEPRIVATEThe EBRD has committed to an equity investment of up to €45 million in Vecteur LV ('VLV' or the 'Company'), a real estate company registered in Morocco and a subsidiary of Label'Vie, one of the leading food retailers and the exclusive Carrefour franchisee in Morocco. VLV has been used by Label'Vie as its real estate platform to develop its supermarkets and the associated retail galleries. The project will support the development, operations and management of a portfolio of sustainable mixed-use real estate assets across the different regions of Morocco, allowing Label'Vie to accelerate its expansion. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/46009XI-IATI-EBRD-48621European Bank for Reconstruction and DevelopmentFinancing modernisation of the district heating system in Ust-Kamenogorsk. Subject to the due diligence, components of the project are to include (i) automation of the central heating stations (the "CHS") and pumping stations; (ii) procurement of special vehicles to improve operational efficiency; (iii) rehabilitation and construction of the networks operated by the Company; and (iv) modernisation of the DH system in Menovnoye settlement. The project is expected to result in more efficient energy use through reduction of heat losses in the system and automation of the CHSs. Renewal of the Company's special vehicle fleet, in conjunction with the rehabilitation of the networks, will allow better use of its workforce improving operational efficiency.European Bank for Reconstruction and DevelopmentSHYGYS ZHYLY JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGOSKEMEN49.96667 82.666675429564.43SHYGYS ZHYLY JSC122868.94SHYGYS ZHYLY JSC313882.27SHYGYS ZHYLY JSC111654.76SHYGYS ZHYLY JSC239950.55SHYGYS ZHYLY JSC115667.56SHYGYS ZHYLY JSC345335.65SHYGYS ZHYLY JSC172151.6SHYGYS ZHYLY JSC250275.88SHYGYS ZHYLY JSC152692.65SHYGYS ZHYLY JSC306514.37SHYGYS ZHYLY JSC468297.93SHYGYS ZHYLY JSC397779.57SHYGYS ZHYLY JSC414957.93SHYGYS ZHYLY JSC183734.82SHYGYS ZHYLY JSC97886.41SHYGYS ZHYLY JSC58115.55SHYGYS ZHYLY JSC195224.05SHYGYS ZHYLY JSC343872.41SHYGYS ZHYLY JSC185277.32SHYGYS ZHYLY JSC140999.99SHYGYS ZHYLY JSC138352.77SHYGYS ZHYLY JSC193773.82SHYGYS ZHYLY JSC67470.92SHYGYS ZHYLY JSC297861.71SHYGYS ZHYLY JSCSTATESTATESTATESTATEFinancing modernisation of the district heating system in Ust-Kamenogorsk. Subject to the due diligence, components of the project are to include (i) automation of the central heating stations (the "CHS") and pumping stations; (ii) procurement of special vehicles to improve operational efficiency; (iii) rehabilitation and construction of the networks operated by the Company; and (iv) modernisation of the DH system in Menovnoye settlement. The project is expected to result in more efficient energy use through reduction of heat losses in the system and automation of the CHSs. Renewal of the Company's special vehicle fleet, in conjunction with the rehabilitation of the networks, will allow better use of its workforce improving operational efficiency. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48621XI-IATI-EBRD-56840European Bank for Reconstruction and DevelopmentThe investment of USD 125 million (EUR 106 million equivalent) in benchmark bonds issued by JSC National Company Kazakhstan Temir Zholy ("KTZ" or the "Company"), the national railway company of Kazakhstan. The Bank acquired 12.5 per cent of the total bond issuance of USD 1 billion. The Bank's proceeds will be used to finance the modernisation of 124 passenger railway stations across Kazakhstan to improve safety, operational and energy efficiency, accessibility and passenger comfort, while strengthening connectivity between the regions.European Bank for Reconstruction and DevelopmentKAZAKHSTAN TEMIR ZHOLY NATIONAL COMPANY JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGASTANA51.1801 71.44598109428346.32KAZAKHSTAN TEMIR ZHOLY NATIONAL COMPANY JSC109428346.32KAZAKHSTAN TEMIR ZHOLY NATIONAL COMPANY JSCSTATESTATESTATESTATEThe investment of USD 125 million (EUR 106 million equivalent) in benchmark bonds issued by JSC National Company Kazakhstan Temir Zholy ("KTZ" or the "Company"), the national railway company of Kazakhstan. The Bank acquired 12.5 per cent of the total bond issuance of USD 1 billion. The Bank's proceeds will be used to finance the modernisation of 124 passenger railway stations across Kazakhstan to improve safety, operational and energy efficiency, accessibility and passenger comfort, while strengthening connectivity between the regions. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56840XI-IATI-EBRD-55935European Bank for Reconstruction and DevelopmentThe provision of a 3-year senior loan of up to $8 million to Golomt Bank JSC ("GB") under the FIF Youth in Business Programme in Central Asia ("YiB CA") The proceeds of the Bank's loan will be used for on-lending to eligible micro, small and medium-sized enterprises led by young people under the age of 35 (Youth MSMEs) in line with the eligibility criteria set forth in the YiB CA Policy Statement. In addition, GB will track all beneficiaries under the YiB CA by gender and has committed to ensuring that at least 30 per cent of all sub-borrowers will be women.European Bank for Reconstruction and DevelopmentGOLOMT BANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGULAANBAATAR47.90771 106.883243501707.08GOLOMT BANK JSCPRIVATEPRIVATEPRIVATEThe provision of a 3-year senior loan of up to $8 million to Golomt Bank JSC ("GB") under the FIF Youth in Business Programme in Central Asia ("YiB CA") The proceeds of the Bank's loan will be used for on-lending to eligible micro, small and medium-sized enterprises led by young people under the age of 35 (Youth MSMEs) in line with the eligibility criteria set forth in the YiB CA Policy Statement. In addition, GB will track all beneficiaries under the YiB CA by gender and has committed to ensuring that at least 30 per cent of all sub-borrowers will be women. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55935XI-IATI-EBRD-55486European Bank for Reconstruction and DevelopmentThe provision of a sovereign loan of up to € 4.16 million to the Kyrgyz Republic (KR) to finance modernization of an operating 110 kV "Dolinka" substation located in the Issyk-Kul region. The Project is expected to contribute to the overall grid reliability by reducing loads on nearby transmission infrastructure and to reduction of electricity losses.European Bank for Reconstruction and DevelopmentKYRGYZ REPUBLIC SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBISHKEK42.87 74.5941200004160000KYRGYZ REPUBLIC SOVEREIGN40000KYRGYZ REPUBLIC SOVEREIGNSTATESTATESTATESTATEThe provision of a sovereign loan of up to € 4.16 million to the Kyrgyz Republic (KR) to finance modernization of an operating 110 kV "Dolinka" substation located in the Issyk-Kul region. The Project is expected to contribute to the overall grid reliability by reducing loads on nearby transmission infrastructure and to reduction of electricity losses. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55486XI-IATI-EBRD-52613European Bank for Reconstruction and DevelopmentThe provision of a convertible loan facility of US$ equivalent of KZT 5.5 billion to a parent company of Araltuz JSC (Araltuz), to be established under the jurisdiction of Astana International Financial Centre (AIFC). The Bank's financing will be used towards Araltuz's investment programme aiming at introduction of new products and sales diversification to new markets.European Bank for Reconstruction and DevelopmentSALT INDUSTRY LTDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGASTANA51.1801 71.4459811861828.23SALT INDUSTRY LTDPRIVATEPRIVATEPRIVATEThe provision of a convertible loan facility of US$ equivalent of KZT 5.5 billion to a parent company of Araltuz JSC (Araltuz), to be established under the jurisdiction of Astana International Financial Centre (AIFC). The Bank's financing will be used towards Araltuz's investment programme aiming at introduction of new products and sales diversification to new markets. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52613XI-IATI-EBRD-47961European Bank for Reconstruction and DevelopmentThe provision of a senior loan to Al Ismaelia For Real Estate Investment S.A.E. (the "Company"), a joint stock company registered in Egypt, to finance the refurbishment of a number of buildings located in Downtown Cairo (the "Project"). Financing the refurbishment and commercialisation of a number of historic buildings owned by the Company and located in Downtown Cairo and supporting the regeneration and revitalisation efforts in the area.European Bank for Reconstruction and DevelopmentAL ISMAELIA FOR REAL ESTATE INVESTMENT SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.24967622391.671689348.81AL ISMAELIA FOR REAL ESTATE INVESTMENT SAEPRIVATEPRIVATEPRIVATEThe provision of a senior loan to Al Ismaelia For Real Estate Investment S.A.E. (the "Company"), a joint stock company registered in Egypt, to finance the refurbishment of a number of buildings located in Downtown Cairo (the "Project"). Financing the refurbishment and commercialisation of a number of historic buildings owned by the Company and located in Downtown Cairo and supporting the regeneration and revitalisation efforts in the area. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47961XI-IATI-EBRD-52367European Bank for Reconstruction and DevelopmentThe provision of a sovereign loan of up to € 44.2 million ("Loan") to the Kyrgyz Republic ("KR"), for the benefit of the Ministry of Transport and Communications of the Kyrgyz Republic ("MoTC"), for the reconstruction of an estimated 30 km Balbay Batyr-Karakol road section, located in the eastern part of KR along the northern shore of Issyk-Kul Lake. The proposed project is an integral part of a longer 440 km long Balykchy-Karakol-Balykchy Road rehabilitation programme, part of the Issyk-Kul Ring Road. Remaining sections were financed by the KR state budget, and Islamic development financial institutions, and partially proposed to be financed by the Asian Development Bank. The EBRD Loan will include financing of the road rehabilitation works and contract supervision services. After the Project completion, the whole Balykchy-Karakol Road should comply with the Category II international technical standard. The Project will close the remaining infrastructure gap on 440 km long Issyk-Kul ring road which is part of CAREC 1 corridor and is one of the six priority transport links identified in the national Road Sector Development Strategy 2025, to foster economic development and connectivity as well as strengthen the KR's integration into regional markets.European Bank for Reconstruction and DevelopmentKYRGYZ REPUBLIC SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBISHKEK42.87 74.594376000044200000KYRGYZ REPUBLIC SOVEREIGN440000KYRGYZ REPUBLIC SOVEREIGNSTATESTATESTATESTATEThe provision of a sovereign loan of up to € 44.2 million ("Loan") to the Kyrgyz Republic ("KR"), for the benefit of the Ministry of Transport and Communications of the Kyrgyz Republic ("MoTC"), for the reconstruction of an estimated 30 km Balbay Batyr-Karakol road section, located in the eastern part of KR along the northern shore of Issyk-Kul Lake. The proposed project is an integral part of a longer 440 km long Balykchy-Karakol-Balykchy Road rehabilitation programme, part of the Issyk-Kul Ring Road. Remaining sections were financed by the KR state budget, and Islamic development financial institutions, and partially proposed to be financed by the Asian Development Bank. The EBRD Loan will include financing of the road rehabilitation works and contract supervision services. After the Project completion, the whole Balykchy-Karakol Road should comply with the Category II international technical standard. The Project will close the remaining infrastructure gap on 440 km long Issyk-Kul ring road which is part of CAREC 1 corridor and is one of the six priority transport links identified in the national Road Sector Development Strategy 2025, to foster economic development and connectivity as well as strengthen the KR's integration into regional markets. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52367XI-IATI-EBRD-56360European Bank for Reconstruction and DevelopmentEBRD to provide a loan to HTEC doo Beograd ("HTEC" or the "Borrower") in the amount of up to €60 million to finance further expansion through acquisitions. EBRD to provide additional support to HTEC on its growth path through financing of new acquisitions, aimed to further improve HTEC's competitiveness and productivity and continued enhancement of its governance structures.European Bank for Reconstruction and DevelopmentHIGH TECH ENGINEERING CENTER DOO BEOGRADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.465136000000060000000HIGH TECH ENGINEERING CENTER DOO BEOGRADPRIVATEPRIVATEPRIVATEEBRD to provide a loan to HTEC doo Beograd ("HTEC" or the "Borrower") in the amount of up to €60 million to finance further expansion through acquisitions. EBRD to provide additional support to HTEC on its growth path through financing of new acquisitions, aimed to further improve HTEC's competitiveness and productivity and continued enhancement of its governance structures. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56360XI-IATI-EBRD-49840European Bank for Reconstruction and DevelopmentProvision of a sovereign loan to the state of Bosnia and Herzegovina ("BiH"), which will be on-lent through a legislated cascade of sub-loans from BiH via the Federation of Bosnia and Herzegovina (the "FBiH") to Sarajevo Canton (the "Canton") for the construction of a twin pipe tunnel in Kobilja Glava and connection road to the tunnel (on the 1st Transversal road); and a dual carriage way at the end of the Sarajevo bypass road (on the 9th Transversal road) (the "Project"). Assisting the Canton to implement its plan to upgrade and modernise its strategic road network by improving urban transport within the city of Sarajevo and connecting it to other parts of the Canton.European Bank for Reconstruction and DevelopmentBOSNIA AND HERZEGOVINA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.356442307494.1630000000BOSNIA AND HERZEGOVINA SOVEREIGN300000BOSNIA AND HERZEGOVINA SOVEREIGN397268.48BOSNIA AND HERZEGOVINA SOVEREIGN129421.56BOSNIA AND HERZEGOVINA SOVEREIGN17356.28BOSNIA AND HERZEGOVINA SOVEREIGN61729BOSNIA AND HERZEGOVINA SOVEREIGN161598.01BOSNIA AND HERZEGOVINA SOVEREIGN33432.84BOSNIA AND HERZEGOVINA SOVEREIGN3128781.39BOSNIA AND HERZEGOVINA SOVEREIGN125191.26BOSNIA AND HERZEGOVINA SOVEREIGN233486.31BOSNIA AND HERZEGOVINA SOVEREIGN148094.8BOSNIA AND HERZEGOVINA SOVEREIGN171599.69BOSNIA AND HERZEGOVINA SOVEREIGN148466.73BOSNIA AND HERZEGOVINA SOVEREIGN56391.86BOSNIA AND HERZEGOVINA SOVEREIGN29505BOSNIA AND HERZEGOVINA SOVEREIGN206772.58BOSNIA AND HERZEGOVINA SOVEREIGN385386.04BOSNIA AND HERZEGOVINA SOVEREIGN47786.01BOSNIA AND HERZEGOVINA SOVEREIGN30132BOSNIA AND HERZEGOVINA SOVEREIGN318651.35BOSNIA AND HERZEGOVINA SOVEREIGN464387.21BOSNIA AND HERZEGOVINA SOVEREIGN482750.38BOSNIA AND HERZEGOVINA SOVEREIGN611413.45BOSNIA AND HERZEGOVINA SOVEREIGN115378.01BOSNIA AND HERZEGOVINA SOVEREIGN409837.56BOSNIA AND HERZEGOVINA SOVEREIGN507130.28BOSNIA AND HERZEGOVINA SOVEREIGN43258BOSNIA AND HERZEGOVINA SOVEREIGN363033.57BOSNIA AND HERZEGOVINA SOVEREIGN105039.52BOSNIA AND HERZEGOVINA SOVEREIGN298889.6BOSNIA AND HERZEGOVINA SOVEREIGN352688.6BOSNIA AND HERZEGOVINA SOVEREIGN148853.71BOSNIA AND HERZEGOVINA SOVEREIGN32572.47BOSNIA AND HERZEGOVINA SOVEREIGN254115.88BOSNIA AND HERZEGOVINA SOVEREIGN41028BOSNIA AND HERZEGOVINA SOVEREIGN223279.32BOSNIA AND HERZEGOVINA SOVEREIGN274995.36BOSNIA AND HERZEGOVINA SOVEREIGN284591.83BOSNIA AND HERZEGOVINA SOVEREIGN80694.37BOSNIA AND HERZEGOVINA SOVEREIGN309185.99BOSNIA AND HERZEGOVINA SOVEREIGN494247.49BOSNIA AND HERZEGOVINA SOVEREIGN466854.13BOSNIA AND HERZEGOVINA SOVEREIGN48582.85BOSNIA AND HERZEGOVINA SOVEREIGN143385.85BOSNIA AND HERZEGOVINA SOVEREIGN89679.51BOSNIA AND HERZEGOVINA SOVEREIGN933150.47BOSNIA AND HERZEGOVINA SOVEREIGN679350.06BOSNIA AND HERZEGOVINA SOVEREIGN753218.32BOSNIA AND HERZEGOVINA SOVEREIGN1636195.7BOSNIA AND HERZEGOVINA SOVEREIGN110909.33BOSNIA AND HERZEGOVINA SOVEREIGN98453.08BOSNIA AND HERZEGOVINA SOVEREIGN674100.27BOSNIA AND HERZEGOVINA SOVEREIGN45321.7BOSNIA AND HERZEGOVINA SOVEREIGN736083.23BOSNIA AND HERZEGOVINA SOVEREIGN211227.58BOSNIA AND HERZEGOVINA SOVEREIGN59722BOSNIA AND HERZEGOVINA SOVEREIGN119596BOSNIA AND HERZEGOVINA SOVEREIGN59628BOSNIA AND HERZEGOVINA SOVEREIGN1202338.31BOSNIA AND HERZEGOVINA SOVEREIGN915332.34BOSNIA AND HERZEGOVINA SOVEREIGN187040.22BOSNIA AND HERZEGOVINA SOVEREIGN378424.43BOSNIA AND HERZEGOVINA SOVEREIGN386500.99BOSNIA AND HERZEGOVINA SOVEREIGN74715.41BOSNIA AND HERZEGOVINA SOVEREIGN41829.79BOSNIA AND HERZEGOVINA SOVEREIGN67220.2BOSNIA AND HERZEGOVINA SOVEREIGN167660.81BOSNIA AND HERZEGOVINA SOVEREIGN546300.53BOSNIA AND HERZEGOVINA SOVEREIGN41279.5BOSNIA AND HERZEGOVINA SOVEREIGN250563.68BOSNIA AND HERZEGOVINA SOVEREIGN172481.49BOSNIA AND HERZEGOVINA SOVEREIGN83849.5BOSNIA AND HERZEGOVINA SOVEREIGN419431.32BOSNIA AND HERZEGOVINA SOVEREIGN88322.2BOSNIA AND HERZEGOVINA SOVEREIGN89920.79BOSNIA AND HERZEGOVINA SOVEREIGN310026.6BOSNIA AND HERZEGOVINA SOVEREIGN371893.77BOSNIA AND HERZEGOVINA SOVEREIGN324206.4BOSNIA AND HERZEGOVINA SOVEREIGN443924.14BOSNIA AND HERZEGOVINA SOVEREIGN1062477.71BOSNIA AND HERZEGOVINA SOVEREIGN545337.64BOSNIA AND HERZEGOVINA SOVEREIGN202435.75BOSNIA AND HERZEGOVINA SOVEREIGN30112BOSNIA AND HERZEGOVINA SOVEREIGN77197.09BOSNIA AND HERZEGOVINA SOVEREIGN317803.36BOSNIA AND HERZEGOVINA SOVEREIGNSTATESTATESTATESTATEProvision of a sovereign loan to the state of Bosnia and Herzegovina ("BiH"), which will be on-lent through a legislated cascade of sub-loans from BiH via the Federation of Bosnia and Herzegovina (the "FBiH") to Sarajevo Canton (the "Canton") for the construction of a twin pipe tunnel in Kobilja Glava and connection road to the tunnel (on the 1st Transversal road); and a dual carriage way at the end of the Sarajevo bypass road (on the 9th Transversal road) (the "Project"). Assisting the Canton to implement its plan to upgrade and modernise its strategic road network by improving urban transport within the city of Sarajevo and connecting it to other parts of the Canton. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49840XI-IATI-EBRD-46274European Bank for Reconstruction and DevelopmentThe EBRD is to extend a senior corporate loan of up to EUR 40 million to MEPSO AD, the Macedonian electricity transmission company, to fund the Macedonian component of the FYR Macedonia-Albania transmission line. The project entails (i) the construction of electricity transmission infrastructure from Bitola to the Albanian border with a substation at Ohrid, and (ii) the introduction of Smart Grid components at MEPSO. By providing FYR Macedonia with the first interconnection to Albania, the project will provide the missing link in the initiative to establish an East - West electricity transmission corridor between Bulgaria, FYR Macedonia, Albania, Montenegro and Italy. The section between Bulgaria and FYR Macedonia (OpID 27768) has been completed. Albania and Montenegro are connected by a new 400kV line and the construction of a submarine cable between Italy and Montenegro is underway, supported in Montenegro by the Lastva - Plejvlja Transmission Line Project (OPID 42768).European Bank for Reconstruction and DevelopmentMEPSO ADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.4314116734678.7337000000MEPSO AD1000000MEPSO AD840500MEPSO AD429528.42MEPSO AD708929MEPSO AD5200000MEPSO AD968925.34MEPSO AD443122.66MEPSO AD466046.21MEPSO AD570794.79MEPSO AD219218.16MEPSO AD613203.25MEPSO AD283995.09MEPSO AD187998.88MEPSO AD193487.4MEPSO AD285197.91MEPSO AD387796.98MEPSO AD2103076.52MEPSO AD1095719.69MEPSO AD482960.49MEPSO AD690822.53MEPSO AD2482807.85MEPSO AD611190.1MEPSO ADSTATESTATESTATESTATEThe EBRD is to extend a senior corporate loan of up to EUR 40 million to MEPSO AD, the Macedonian electricity transmission company, to fund the Macedonian component of the FYR Macedonia-Albania transmission line. The project entails (i) the construction of electricity transmission infrastructure from Bitola to the Albanian border with a substation at Ohrid, and (ii) the introduction of Smart Grid components at MEPSO. By providing FYR Macedonia with the first interconnection to Albania, the project will provide the missing link in the initiative to establish an East - West electricity transmission corridor between Bulgaria, FYR Macedonia, Albania, Montenegro and Italy. The section between Bulgaria and FYR Macedonia (OpID 27768) has been completed. Albania and Montenegro are connected by a new 400kV line and the construction of a submarine cable between Italy and Montenegro is underway, supported in Montenegro by the Lastva - Plejvlja Transmission Line Project (OPID 42768). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/46274XI-IATI-EBRD-54204European Bank for Reconstruction and DevelopmentThe provision of senior debt financing for the design, construction, outfitting and maintenance of a 630-bed multidisciplinary hospital in Kokshetau, Kazakhstan (the "Project") to be undertaken by Renell Kokshetau LLP (the "Project Company") under a 7-year public private partnership (PPP) contract signed with the Republic of Kazakhstan on 22 December 2022. The Project aims to (i) replace obsolete hospital infrastructure and medical equipment in Kokshetau; (ii) support delivery of seamless healthcare experience and increase the availability and quality of medical services provided; (iii) create new workplaces during both the Project's construction and operation phases; and (iv) have a positive multiplicative effect on the economy through a better healthcare provision.European Bank for Reconstruction and DevelopmentRENELL KOKSHETAU LLPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKOKSHETAU53.28333 69.3833348916227.64105000000RENELL KOKSHETAU LLPPRIVATEPRIVATEPRIVATEThe provision of senior debt financing for the design, construction, outfitting and maintenance of a 630-bed multidisciplinary hospital in Kokshetau, Kazakhstan (the "Project") to be undertaken by Renell Kokshetau LLP (the "Project Company") under a 7-year public private partnership (PPP) contract signed with the Republic of Kazakhstan on 22 December 2022. The Project aims to (i) replace obsolete hospital infrastructure and medical equipment in Kokshetau; (ii) support delivery of seamless healthcare experience and increase the availability and quality of medical services provided; (iii) create new workplaces during both the Project's construction and operation phases; and (iv) have a positive multiplicative effect on the economy through a better healthcare provision. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54204XI-IATI-EBRD-50488European Bank for Reconstruction and DevelopmentProvision of EUR 10,300,000 for the construction of remedial infrastructure which involves a water tunnelling system that aims to drain a 200,000 m2 contaminated lagoon in the city of Russeifa (15 KM north east of Amman), to restore the original stormwater flow from Marka into Zarqa river, thus preventing the lagoon from forming again and mitigating the associated environmental hazards (the "Project"). This contaminated lagoon was created due to the obstruction of natural water stream, which used to flow from Wadi Marka (a rainwater catchment area south-west to the lagoon), into Zarqa River (north-east of the lagoon). The obstruction, which was mainly due to industrial and mining activities in the area, resulted in complete blockage of water flow, thus creating a stagnant pond. With time, the lagoon got heavily polluted with industrial and domestic sewage, debris, waste, and other contaminants. The situation has significantly deteriorated since 2011, underpinned by the refugee crisis, which placed unprecedented pressure on the surrounding wastewater network resulting in more sewage leakages into the lagoon. The Project aims to finance the infrastructure solution for the remediation of the current hazardous lagoon using a water tunneling system, prevention of new wastewater leakages into the lagoon, and setting up the required infrastructure work for the collection and transfer of storm water from the lagoon back to the Zarqa river to restore the original flow of the river stream.European Bank for Reconstruction and DevelopmentMUNICIPALITY OF GREATER AMMANEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGAMMAN31.95522 35.945034938936.22MUNICIPALITY OF GREATER AMMAN482652.46MUNICIPALITY OF GREATER AMMAN453097.01MUNICIPALITY OF GREATER AMMAN161456.34MUNICIPALITY OF GREATER AMMAN172079.63MUNICIPALITY OF GREATER AMMAN260595.99MUNICIPALITY OF GREATER AMMAN232108.54MUNICIPALITY OF GREATER AMMAN150456.35MUNICIPALITY OF GREATER AMMAN180770.25MUNICIPALITY OF GREATER AMMAN67112.73MUNICIPALITY OF GREATER AMMAN118697MUNICIPALITY OF GREATER AMMAN72993.28MUNICIPALITY OF GREATER AMMAN135621.68MUNICIPALITY OF GREATER AMMAN88933.46MUNICIPALITY OF GREATER AMMAN97630.16MUNICIPALITY OF GREATER AMMAN107891.61MUNICIPALITY OF GREATER AMMAN28561.09MUNICIPALITY OF GREATER AMMAN127004.75MUNICIPALITY OF GREATER AMMAN317161.59MUNICIPALITY OF GREATER AMMAN79731.95MUNICIPALITY OF GREATER AMMAN389738.36MUNICIPALITY OF GREATER AMMAN1086729.76MUNICIPALITY OF GREATER AMMAN24458.83MUNICIPALITY OF GREATER AMMANSTATESTATESTATESTATEProvision of EUR 10,300,000 for the construction of remedial infrastructure which involves a water tunnelling system that aims to drain a 200,000 m2 contaminated lagoon in the city of Russeifa (15 KM north east of Amman), to restore the original stormwater flow from Marka into Zarqa river, thus preventing the lagoon from forming again and mitigating the associated environmental hazards (the "Project"). This contaminated lagoon was created due to the obstruction of natural water stream, which used to flow from Wadi Marka (a rainwater catchment area south-west to the lagoon), into Zarqa River (north-east of the lagoon). The obstruction, which was mainly due to industrial and mining activities in the area, resulted in complete blockage of water flow, thus creating a stagnant pond. With time, the lagoon got heavily polluted with industrial and domestic sewage, debris, waste, and other contaminants. The situation has significantly deteriorated since 2011, underpinned by the refugee crisis, which placed unprecedented pressure on the surrounding wastewater network resulting in more sewage leakages into the lagoon. The Project aims to finance the infrastructure solution for the remediation of the current hazardous lagoon using a water tunneling system, prevention of new wastewater leakages into the lagoon, and setting up the required infrastructure work for the collection and transfer of storm water from the lagoon back to the Zarqa river to restore the original flow of the river stream. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50488XI-IATI-EBRD-56546European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to €2 million under the Western Balkans GEFF III - REPower Residential Programme. The proceeds of the Bank's investment will support investments in high-performance energy efficiency technologies, materials and solutions undertaken in privately owned residential dwellings or buildings.European Bank for Reconstruction and DevelopmentMIKROFIN DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBANJA LUKA44.77842 17.193862000000MIKROFIN DOOPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to €2 million under the Western Balkans GEFF III - REPower Residential Programme. The proceeds of the Bank's investment will support investments in high-performance energy efficiency technologies, materials and solutions undertaken in privately owned residential dwellings or buildings. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56546XI-IATI-EBRD-55357European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to € 5 million equivalent in RSD to UniCredit Bank Serbia ("UCB") for on-lending to the residential sector in Serbia. The loan is envisaged under the Western Balkans Green Economy Financing Facility III - REpower ("WB GEFF III"). This will enable the bank to promote green economy investments in the country. The proceeds of the loan will be used to provide financing to UCB for gender-responsive on-lending to eligible sub-borrowers in the residential sector for investments supporting Green Economy Transition ("GET") - eligible residential renewable energies and energy efficient technologies.European Bank for Reconstruction and DevelopmentUNICREDIT BANK SERBIA JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.465135026781.46UNICREDIT BANK SERBIA JSCPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to € 5 million equivalent in RSD to UniCredit Bank Serbia ("UCB") for on-lending to the residential sector in Serbia. The loan is envisaged under the Western Balkans Green Economy Financing Facility III - REpower ("WB GEFF III"). This will enable the bank to promote green economy investments in the country. The proceeds of the loan will be used to provide financing to UCB for gender-responsive on-lending to eligible sub-borrowers in the residential sector for investments supporting Green Economy Transition ("GET") - eligible residential renewable energies and energy efficient technologies. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55357XI-IATI-EBRD-50823European Bank for Reconstruction and DevelopmentProvision of a sovereign-guaranteed loan of up to €100 million to Serbia Voz, the state-owned railway passenger operator of Serbia. The proceeds of the loan will be used to finance the purchase of approximately 18 new of Electric Multiple Units ("EMUs"), as a part of Serbia Voz rolling-stock renewal programme. Supporting the development and modernisation of the Serbian railway infrastructure and enabling the modal shift from road-based transport to passenger rail transportation. The project should also improve Serbia Voz's financial sustainability as the purchase of modern coaches will reduce its operational costs and increase its fare revenues.European Bank for Reconstruction and DevelopmentSRBIJAVOZ JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.46513100000000SRBIJAVOZ JSC1000000SRBIJAVOZ JSC56159999.97SRBIJAVOZ JSC9102255.48SRBIJAVOZ JSC3034085.17SRBIJAVOZ JSC6068170.34SRBIJAVOZ JSC6068170.34SRBIJAVOZ JSC12136340.68SRBIJAVOZ JSC3034085.17SRBIJAVOZ JSC3034085.17SRBIJAVOZ JSC314885.67SRBIJAVOZ JSC47922.01SRBIJAVOZ JSCSTATESTATESTATESTATEProvision of a sovereign-guaranteed loan of up to €100 million to Serbia Voz, the state-owned railway passenger operator of Serbia. The proceeds of the loan will be used to finance the purchase of approximately 18 new of Electric Multiple Units ("EMUs"), as a part of Serbia Voz rolling-stock renewal programme. Supporting the development and modernisation of the Serbian railway infrastructure and enabling the modal shift from road-based transport to passenger rail transportation. The project should also improve Serbia Voz's financial sustainability as the purchase of modern coaches will reduce its operational costs and increase its fare revenues. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50823XI-IATI-EBRD-55400European Bank for Reconstruction and DevelopmentThe transaction entails the provision of a sovereign loan to the Republic of Tajikistan of up to EUR 4.0 million (the "Loan") that will be co-financed with an investment grant of up to EUR 4.0 million (the "Grant") from the EBRD Shareholder Special Fund (SSF). The financing will be provided for the benefit of Dangara Water Company (the "Company"). The transaction is the 'trigger' project under the Integrated Water Resources Management Framework (the "Framework"). This project builds up on the success of EBRD's previous projects in the water sector of Tajikistan and aims to (i) address the critical water infrastructure rehabilitation needs, (ii) contribute towards improving the quality and reliability of potable water supply and treatment services, and (iii) improve financial and operational standing of utility achieved through a general reform programme to support cashless payments.European Bank for Reconstruction and DevelopmentTAJIKISTAN SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGDUSHANBE38.53575 68.7790539600004000000TAJIKISTAN SOVEREIGN40000TAJIKISTAN SOVEREIGNSTATESTATESTATESTATEThe transaction entails the provision of a sovereign loan to the Republic of Tajikistan of up to EUR 4.0 million (the "Loan") that will be co-financed with an investment grant of up to EUR 4.0 million (the "Grant") from the EBRD Shareholder Special Fund (SSF). The financing will be provided for the benefit of Dangara Water Company (the "Company"). The transaction is the 'trigger' project under the Integrated Water Resources Management Framework (the "Framework"). This project builds up on the success of EBRD's previous projects in the water sector of Tajikistan and aims to (i) address the critical water infrastructure rehabilitation needs, (ii) contribute towards improving the quality and reliability of potable water supply and treatment services, and (iii) improve financial and operational standing of utility achieved through a general reform programme to support cashless payments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55400XI-IATI-EBRD-49714European Bank for Reconstruction and DevelopmentEBRD has acquired a 19% stake in Piraeus Bank Romania ("PBR") from Piraeus Group (Greece), alongside J.C. Flowers ("JCF"), a private equity fund, and PBR management. The EBRD and JCF own shares in a Luxembourg investment vehicle that in turn owns 95.1% of the share capital of PBR, while bank management owns the remaining 4.9%. EBRD's investment will provide financial resources and restructuring expertise needed to expand PBR's operations and market share. The change of ownership will also help strengthen the fragmented Romanian financial sector.European Bank for Reconstruction and DevelopmentJCF IV TIGER HOLDINGS SARLEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUCHAREST44.43225 26.106261247262JCF IV TIGER HOLDINGS SARL7067818JCF IV TIGER HOLDINGS SARLPRIVATEPRIVATEPRIVATEEBRD has acquired a 19% stake in Piraeus Bank Romania ("PBR") from Piraeus Group (Greece), alongside J.C. Flowers ("JCF"), a private equity fund, and PBR management. The EBRD and JCF own shares in a Luxembourg investment vehicle that in turn owns 95.1% of the share capital of PBR, while bank management owns the remaining 4.9%. EBRD's investment will provide financial resources and restructuring expertise needed to expand PBR's operations and market share. The change of ownership will also help strengthen the fragmented Romanian financial sector. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49714XI-IATI-EBRD-48402European Bank for Reconstruction and DevelopmentThe provision of a senior A/B unsecured loan of up to EUR 32 million to the functionally and legally unbundled distribution system operator Crnogorski elektrodistributivni sistem DOO Podgorica (CEDIS) in Montenegro envisages the (i) reconstruction and modernization of low-voltage infrastructure and substations, (ii) modernization of software, and (iii) installation of 60,000 smart electricity meters in Montenegro. Support CEDIS to complete the modernisation of the distribution network with the aim to further reduce the distribution network losses, improve collections and also to allow CEDIS to provide more reliable and stable power to its customers. The Bank already approved a corporate loan facility to EPCG (OpID: 40219) of up to EUR 65 million, in two consecutive tranches (in 2010 and 2013).The installation of the additional 60,000 meters places Montenegro in a leadership role in Europe towards meeting the EU's Electricity Directive which sets the target for 80% of consumers in EU member states to install smart metering systems by 2020.European Bank for Reconstruction and DevelopmentCRNOGORSKI ELEKTRODISTRIBUTIVNI SISTEM DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPODGORICA42.44111 19.2636118500000CRNOGORSKI ELEKTRODISTRIBUTIVNI SISTEM DOO2451250CRNOGORSKI ELEKTRODISTRIBUTIVNI SISTEM DOO1595625CRNOGORSKI ELEKTRODISTRIBUTIVNI SISTEM DOO5203125CRNOGORSKI ELEKTRODISTRIBUTIVNI SISTEM DOO3468750CRNOGORSKI ELEKTRODISTRIBUTIVNI SISTEM DOO2312500CRNOGORSKI ELEKTRODISTRIBUTIVNI SISTEM DOO1953182.66CRNOGORSKI ELEKTRODISTRIBUTIVNI SISTEM DOOSTATESTATESTATESTATEThe provision of a senior A/B unsecured loan of up to EUR 32 million to the functionally and legally unbundled distribution system operator Crnogorski elektrodistributivni sistem DOO Podgorica (CEDIS) in Montenegro envisages the (i) reconstruction and modernization of low-voltage infrastructure and substations, (ii) modernization of software, and (iii) installation of 60,000 smart electricity meters in Montenegro. Support CEDIS to complete the modernisation of the distribution network with the aim to further reduce the distribution network losses, improve collections and also to allow CEDIS to provide more reliable and stable power to its customers. The Bank already approved a corporate loan facility to EPCG (OpID: 40219) of up to EUR 65 million, in two consecutive tranches (in 2010 and 2013).The installation of the additional 60,000 meters places Montenegro in a leadership role in Europe towards meeting the EU's Electricity Directive which sets the target for 80% of consumers in EU member states to install smart metering systems by 2020. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48402XI-IATI-EBRD-54676European Bank for Reconstruction and DevelopmentProvision of a sovereign loan of up to EUR 5 million to the Republic of North Macedonia (the "Borrower") to finance the Rail Joint Border Crossing ("RJBC") station in Tabanovce (the "Project"), on the border between North Macedonia and Serbia, on rail Corridor X, which is part of the TEN-T Networks extension to the Western Balkans. The loan funds will finance the rehabilitation and upgrade of the existing Tabanovce rail station buildings as well as the construction of additional new facilities including an access road of approximately 900m. The Project will be co-financed by the EU through an investment grant from the Western Balkans Investment Framework ("WBIF"). The Project will contribute to improvement of regional connectivity and integration on rail Corridor X. The key objective of the Project is to reduce the delays at the borders and shorten the border crossing procedures by facilitating passing the border in one place ('one stop'). The sharing of the new facilities between the two countries' staff will contribute to the optimization of the procedures of border and custom controls leading to more effective, facilitated and quicker operations between the different stakeholders involved in the station. The Project will also contribute to energy efficiency improvements through higher energy efficiency requirements that will be incorporated in the detailed design of the buildings and the installation of photovoltaics ("PV") panels on the roofs of the buildings. The Project is part of the Connectivity Agenda of the European Commission and represents a priority measure for increasing the effectiveness of the border crossing procedures by establishing joint railway border crossing stations in the Western Balkans countries.European Bank for Reconstruction and DevelopmentNORTH MACEDONIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.4314129500005000000NORTH MACEDONIA SOVEREIGN50000NORTH MACEDONIA SOVEREIGN2000000NORTH MACEDONIA SOVEREIGNSTATESTATESTATESTATEProvision of a sovereign loan of up to EUR 5 million to the Republic of North Macedonia (the "Borrower") to finance the Rail Joint Border Crossing ("RJBC") station in Tabanovce (the "Project"), on the border between North Macedonia and Serbia, on rail Corridor X, which is part of the TEN-T Networks extension to the Western Balkans. The loan funds will finance the rehabilitation and upgrade of the existing Tabanovce rail station buildings as well as the construction of additional new facilities including an access road of approximately 900m. The Project will be co-financed by the EU through an investment grant from the Western Balkans Investment Framework ("WBIF"). The Project will contribute to improvement of regional connectivity and integration on rail Corridor X. The key objective of the Project is to reduce the delays at the borders and shorten the border crossing procedures by facilitating passing the border in one place ('one stop'). The sharing of the new facilities between the two countries' staff will contribute to the optimization of the procedures of border and custom controls leading to more effective, facilitated and quicker operations between the different stakeholders involved in the station. The Project will also contribute to energy efficiency improvements through higher energy efficiency requirements that will be incorporated in the detailed design of the buildings and the installation of photovoltaics ("PV") panels on the roofs of the buildings. The Project is part of the Connectivity Agenda of the European Commission and represents a priority measure for increasing the effectiveness of the border crossing procedures by establishing joint railway border crossing stations in the Western Balkans countries. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54676XI-IATI-EBRD-56685European Bank for Reconstruction and DevelopmentA senior secured loan of up to EUR 13.75 million to Alumil Misr for Trade & Industry S.A.E. ("Alumil Misr"), an architectural aluminium systems manufacturer operating in Egypt. The loan will finance the construction, equipment and installation of a new aluminium extrusion line at Alumil Misr's plant in the Polaris Industrial Zone, Cairo, supporting vertical integration and export potential. The financing also allows for potential refinancing of existing debt and includes a tranche for long term working capital.European Bank for Reconstruction and DevelopmentALUMIL MISR FOR TRADING AND INDUSTRY SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGGIZA30.00808 31.210939625905.49ALUMIL MISR FOR TRADING AND INDUSTRY SAEPRIVATEPRIVATEPRIVATEA senior secured loan of up to EUR 13.75 million to Alumil Misr for Trade & Industry S.A.E. ("Alumil Misr"), an architectural aluminium systems manufacturer operating in Egypt. The loan will finance the construction, equipment and installation of a new aluminium extrusion line at Alumil Misr's plant in the Polaris Industrial Zone, Cairo, supporting vertical integration and export potential. The financing also allows for potential refinancing of existing debt and includes a tranche for long term working capital. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56685XI-IATI-EBRD-51773European Bank for Reconstruction and DevelopmentProvision of up to JOD 10.3 million (~EUR 12.0 million) unsecured sub-sovereign loan to GAM to finance the acquisition of 136 diesel Euro V buses (including ancillary systems) as part of larger bus fleet expansion involving 151 buses which include 15 electric buses as a pilot rollout of zero-emission public transport vehicles in the city of Amman. The loan will be co-financed by a capex grant of up to EUR 8.0 million from the Community Resilience ("CR") Sub Account of the EBRD's SSF. The city of Amman with a population of approx. 4.5 million, would like to improve standards of the urban transport system, namely by expanding its bus fleet through the purchase of up to 151 new buses with related bus depot facilities. The proposed new bus fleet will involve 136 diesel Euro V buses (to be financed under the Municipal Refugee Reslience Response ("MR3") framework) and 15 electric buses (to be financed under the Green Cities Framework ("GrCF")). The Project will serve new routes under the bus network plan developed by GAM and will include a ticketing system and real-time information systems compatible with their existing systems. The tender for the Project will be launched in December 2020. It is intended that the bus fleet will be purchased by GAM and leased to a private sector operator which will be responsible for the depot facilities and warranty and maintenance obligations for the fleet and be paid through a public service contract ("PSC") with Amman Vision for Transport (the municipal company responsible for transport operations) under a gross-cost arrangement. This transaction marks the first intervention with GAM on urban transport infrastructure, which is expected to significantly improve the quality of transport services in the city, while advancing the Bank's transition mandate. The Project will i) adopt a well-governed PSC between GAM and the operator responsible for bus operations, and ii) enhance the City's resilience in the face of the Syrian refugee crisis, which increased pressure on municipal infrastructure and services.European Bank for Reconstruction and DevelopmentMUNICIPALITY OF GREATER AMMANEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGAMMAN31.95522 35.9450312717760.79MUNICIPALITY OF GREATER AMMAN1731212.97MUNICIPALITY OF GREATER AMMAN7409591.49MUNICIPALITY OF GREATER AMMAN2400528.05MUNICIPALITY OF GREATER AMMAN127616.32MUNICIPALITY OF GREATER AMMAN672918.2MUNICIPALITY OF GREATER AMMAN134394.36MUNICIPALITY OF GREATER AMMAN134375.43MUNICIPALITY OF GREATER AMMAN106595.89MUNICIPALITY OF GREATER AMMANSTATESTATESTATESTATEProvision of up to JOD 10.3 million (~EUR 12.0 million) unsecured sub-sovereign loan to GAM to finance the acquisition of 136 diesel Euro V buses (including ancillary systems) as part of larger bus fleet expansion involving 151 buses which include 15 electric buses as a pilot rollout of zero-emission public transport vehicles in the city of Amman. The loan will be co-financed by a capex grant of up to EUR 8.0 million from the Community Resilience ("CR") Sub Account of the EBRD's SSF. The city of Amman with a population of approx. 4.5 million, would like to improve standards of the urban transport system, namely by expanding its bus fleet through the purchase of up to 151 new buses with related bus depot facilities. The proposed new bus fleet will involve 136 diesel Euro V buses (to be financed under the Municipal Refugee Reslience Response ("MR3") framework) and 15 electric buses (to be financed under the Green Cities Framework ("GrCF")). The Project will serve new routes under the bus network plan developed by GAM and will include a ticketing system and real-time information systems compatible with their existing systems. The tender for the Project will be launched in December 2020. It is intended that the bus fleet will be purchased by GAM and leased to a private sector operator which will be responsible for the depot facilities and warranty and maintenance obligations for the fleet and be paid through a public service contract ("PSC") with Amman Vision for Transport (the municipal company responsible for transport operations) under a gross-cost arrangement. This transaction marks the first intervention with GAM on urban transport infrastructure, which is expected to significantly improve the quality of transport services in the city, while advancing the Bank's transition mandate. The Project will i) adopt a well-governed PSC between GAM and the operator responsible for bus operations, and ii) enhance the City's resilience in the face of the Syrian refugee crisis, which increased pressure on municipal infrastructure and services. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51773XI-IATI-EBRD-53810European Bank for Reconstruction and DevelopmentEUR 20 million unsecured multicurrency (EUR or RON) loan (the 'Project') in two equal tranches (the first one committed and the second one uncommitted) to Agricover Credit IFN SA ('ACIFN') under the Resilience and Livelihoods Framework ('RLF'). The project will help ACIFN to increase lending to farmers (MSMEs) affected directly or indirectly by the war, thereby supporting food production and security in Romania and elsewhere.European Bank for Reconstruction and DevelopmentAGRICOVER CREDIT IFN SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGVOLUNTARI26.18439 44.490230.3518864125.39AGRICOVER CREDIT IFN SAPRIVATEPRIVATEPRIVATEEUR 20 million unsecured multicurrency (EUR or RON) loan (the 'Project') in two equal tranches (the first one committed and the second one uncommitted) to Agricover Credit IFN SA ('ACIFN') under the Resilience and Livelihoods Framework ('RLF'). The project will help ACIFN to increase lending to farmers (MSMEs) affected directly or indirectly by the war, thereby supporting food production and security in Romania and elsewhere. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53810XI-IATI-EBRD-53192European Bank for Reconstruction and DevelopmentAn investment in a green bond issuance of up to USD 340 million (the "Bond"). The Bank's participation will consist of up to USD 100m in the form of a direct subscription in the Bond, and the provision of up to USD 30m stand-by liquidity facility for the benefit of the participating private institutional investors. The Bond will obtain the verified certification from the Climate Bond Initiative (CBI) and will be the first private green renewables-backed bond issued in Egypt. The Bond proceeds will support a portfolio of six operational solar power plants located in Benban, Egypt (the "Projects").European Bank for Reconstruction and DevelopmentVIRTUO FINANCE SARLEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496728553684.0128553684.01VIRTUO FINANCE SARLPRIVATEPRIVATEPRIVATEAn investment in a green bond issuance of up to USD 340 million (the "Bond"). The Bank's participation will consist of up to USD 100m in the form of a direct subscription in the Bond, and the provision of up to USD 30m stand-by liquidity facility for the benefit of the participating private institutional investors. The Bond will obtain the verified certification from the Climate Bond Initiative (CBI) and will be the first private green renewables-backed bond issued in Egypt. The Bond proceeds will support a portfolio of six operational solar power plants located in Benban, Egypt (the "Projects"). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53192XI-IATI-EBRD-55320European Bank for Reconstruction and DevelopmentA senior corporate loan of up to EUR 90 million to ENGIE Romania SA (the "Company" or "ENGIE"), a supplier and distributor of natural gas and electricity supplier in Romania, to indirectly refinance the acquisition of 80MW Chirnogeni operational wind project ("Chirnogeni"), in accordance with ENGIE Group's Green Financing Framework. The EBRD financing is provided alongside a larger financing envelope, which together aim to finance ENGIE Romania decarbonisation plan, setting ambitious targets for reducing GHG emissions and investing in renewable energy with the ambition to reach 1GW capacity by 2030 in Romania. The EBRD financing will enable the sponsor to invest in ca. 250MW greenfield renewable capacity by year-end 2028.European Bank for Reconstruction and DevelopmentENGIE ROMANIA SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUCHAREST44.43225 26.1062690000000ENGIE ROMANIA SAPRIVATEPRIVATEPRIVATEA senior corporate loan of up to EUR 90 million to ENGIE Romania SA (the "Company" or "ENGIE"), a supplier and distributor of natural gas and electricity supplier in Romania, to indirectly refinance the acquisition of 80MW Chirnogeni operational wind project ("Chirnogeni"), in accordance with ENGIE Group's Green Financing Framework. The EBRD financing is provided alongside a larger financing envelope, which together aim to finance ENGIE Romania decarbonisation plan, setting ambitious targets for reducing GHG emissions and investing in renewable energy with the ambition to reach 1GW capacity by 2030 in Romania. The EBRD financing will enable the sponsor to invest in ca. 250MW greenfield renewable capacity by year-end 2028. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55320XI-IATI-EBRD-54195European Bank for Reconstruction and DevelopmentProvision of a senior loan of up to EUR 45.9 million in favour of Urleasca Wind Farm SRL, (the "Borrower" or the "Company"), a special purpose vehicle ("SPV") incorporated in Romania. The loan will be dedicated for the construction and operation of a 102MW onshore wind farm in the Braila region of Eastern Romania (the "Project"). The Project consists of 17 wind turbines and is expected to generate 270GWh of electricity per annum. The Project will contribute to climate mitigation by adding 102MW wind generation capacity to the Romanian national energy system. Wind and solar farms are critical to Romania in achieving its commitment to fully phase out coal by 2032. In addition, the Project will strengthen the private sector's role in the renewable energy sector in Romania.European Bank for Reconstruction and DevelopmentURLEASCA WIND FARM SRLEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUCHAREST44.43225 26.106266325897.4246270000URLEASCA WIND FARM SRLPRIVATEPRIVATEPRIVATEProvision of a senior loan of up to EUR 45.9 million in favour of Urleasca Wind Farm SRL, (the "Borrower" or the "Company"), a special purpose vehicle ("SPV") incorporated in Romania. The loan will be dedicated for the construction and operation of a 102MW onshore wind farm in the Braila region of Eastern Romania (the "Project"). The Project consists of 17 wind turbines and is expected to generate 270GWh of electricity per annum. The Project will contribute to climate mitigation by adding 102MW wind generation capacity to the Romanian national energy system. Wind and solar farms are critical to Romania in achieving its commitment to fully phase out coal by 2032. In addition, the Project will strengthen the private sector's role in the renewable energy sector in Romania. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54195XI-IATI-EBRD-49267European Bank for Reconstruction and DevelopmentA EUR 20 million loan to the City of Belgrade for financing the reconstruction of four streets in Belgrade's city centre (Kraljice Marije, 27. marta, Dzordza Vasingtona, Cara Dusana) which form a boulevard that stretches for 3 km in one of city's most vibrant districts. The works will include the construction of new tram tracks with complete tracks substructure, new overhead contact line, new pavement structure and sidewalks, new overhead contact line, new street lightning and traffic management system. The Green Boulevard forms part of the programme of reconstruction and modernisation of tram tracks and streets in Belgrade, which has been ongoing for much of the past 15 years. As identified in the SMART Plan, this programme responds to the need for improvement of the existing streets, integrating improvements to traffic speeds by coordination of traffic signalling and prioritisation of tram (and in future, bus) traffic. The main objectives are: (i) renovation of tram tracks in central Belgrade to allow new trams to operate, and (ii) rehabilitation and expansion of the City's main roads to secure a better and safer traffic flow.European Bank for Reconstruction and DevelopmentCITY OF BELGRADEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651320000000CITY OF BELGRADE4021478.83CITY OF BELGRADE2473988.96CITY OF BELGRADE2362000.29CITY OF BELGRADE2805277.32CITY OF BELGRADE2128729.84CITY OF BELGRADE1732430.46CITY OF BELGRADE2968096.2CITY OF BELGRADE1353412.67CITY OF BELGRADE154585.43CITY OF BELGRADESTATESTATESTATESTATEA EUR 20 million loan to the City of Belgrade for financing the reconstruction of four streets in Belgrade's city centre (Kraljice Marije, 27. marta, Dzordza Vasingtona, Cara Dusana) which form a boulevard that stretches for 3 km in one of city's most vibrant districts. The works will include the construction of new tram tracks with complete tracks substructure, new overhead contact line, new pavement structure and sidewalks, new overhead contact line, new street lightning and traffic management system. The Green Boulevard forms part of the programme of reconstruction and modernisation of tram tracks and streets in Belgrade, which has been ongoing for much of the past 15 years. As identified in the SMART Plan, this programme responds to the need for improvement of the existing streets, integrating improvements to traffic speeds by coordination of traffic signalling and prioritisation of tram (and in future, bus) traffic. The main objectives are: (i) renovation of tram tracks in central Belgrade to allow new trams to operate, and (ii) rehabilitation and expansion of the City's main roads to secure a better and safer traffic flow. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49267XI-IATI-EBRD-53467European Bank for Reconstruction and DevelopmentProvision of a long-term senior unsecured loan to Banca Intesa Belgrade ("BIB") for on-lending to small and medium-sized enterprises ("SMEs") in Serbia. The loan is envisaged under the Sustainable Reboot SME Programme ("Reboot SME"). The loan is intended to provide financing for on-lending to local SMEs for investments in environmental protection, workers' safety and product quality and safety in order to introduce and implement EU standards, which will boost SMEs' competitiveness in the country. At least 70% of the use of the proceeds is expected to be related to Green Economy Transition ("GET") investments.European Bank for Reconstruction and DevelopmentBANCA INTESA AD BEOGRADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651325000000BANCA INTESA AD BEOGRADPRIVATEPRIVATEPRIVATEProvision of a long-term senior unsecured loan to Banca Intesa Belgrade ("BIB") for on-lending to small and medium-sized enterprises ("SMEs") in Serbia. The loan is envisaged under the Sustainable Reboot SME Programme ("Reboot SME"). The loan is intended to provide financing for on-lending to local SMEs for investments in environmental protection, workers' safety and product quality and safety in order to introduce and implement EU standards, which will boost SMEs' competitiveness in the country. At least 70% of the use of the proceeds is expected to be related to Green Economy Transition ("GET") investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53467XI-IATI-EBRD-54962European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to EUR 2.0m to be provided in a single tranche to PCBM under the Western Balkans Youth in Business Programme ("YiB Programme"). The loan proceeds will be used for on-lending to eligible small and medium-sized enterprises ("MSMEs") whose overall operational management responsibility or majority ownership is held by a person (or persons) under the age of 35 ("Youth MSMEs") in North Macedonia.European Bank for Reconstruction and DevelopmentPROCREDIT BANK ADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.431412000000PROCREDIT BANK ADPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to EUR 2.0m to be provided in a single tranche to PCBM under the Western Balkans Youth in Business Programme ("YiB Programme"). The loan proceeds will be used for on-lending to eligible small and medium-sized enterprises ("MSMEs") whose overall operational management responsibility or majority ownership is held by a person (or persons) under the age of 35 ("Youth MSMEs") in North Macedonia. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54962XI-IATI-EBRD-47781European Bank for Reconstruction and DevelopmentEBRD is providing a senior loan of up to €30 million to Banca Intesa a.d. Beograd (`BIB`) for on-lending to private individuals. The proceeds of the loan will be used by BIB to provide long-term financing for residential mortgages in Serbia.European Bank for Reconstruction and DevelopmentBANCA INTESA AD BEOGRADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651330000000BANCA INTESA AD BEOGRADPRIVATEPRIVATEPRIVATEEBRD is providing a senior loan of up to €30 million to Banca Intesa a.d. Beograd (`BIB`) for on-lending to private individuals. The proceeds of the loan will be used by BIB to provide long-term financing for residential mortgages in Serbia. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47781XI-IATI-EBRD-49335European Bank for Reconstruction and DevelopmentA senior corporate loan to Port of Adria, formerly known as Container Terminal and General Cargo, in the amount of up to EUR 20 million in an A/B loan structure, to co-finance capital expenditure and labour restructuring privatisation commitments. The project aims to support the sponsor in fulfilment of its privatisation commitments, in particular with regard to its investment and social programmes. It facilitates investments in port infrastructure by the private sector in line with best European industry norms in terms of regulation, operational practice and service provision, allowing the company to operate on a transparent and commercially viable basis.European Bank for Reconstruction and DevelopmentPORT OF ADRIA ADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBAR42.09306 19.1002820000000PORT OF ADRIA ADPRIVATEPRIVATEPRIVATEA senior corporate loan to Port of Adria, formerly known as Container Terminal and General Cargo, in the amount of up to EUR 20 million in an A/B loan structure, to co-finance capital expenditure and labour restructuring privatisation commitments. The project aims to support the sponsor in fulfilment of its privatisation commitments, in particular with regard to its investment and social programmes. It facilitates investments in port infrastructure by the private sector in line with best European industry norms in terms of regulation, operational practice and service provision, allowing the company to operate on a transparent and commercially viable basis. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49335XI-IATI-EBRD-54253European Bank for Reconstruction and DevelopmentThe Project involves the provision of a senior loan of up to EUR 55.0 MM in favour of favour of RTG Solar Energy S.R.L ("Iepuresti Project") and Solis Imperium S.R.L ("Ghimati Project"; together, "Borrowers," "Companies"), limited liability companies incorporated in Romania. The loan will be dedicated for the construction and operation of solar farms with capacity of 315MW in south-eastern Romania (the "Project"). The Project consists of two separate sites and is expected to generate around 400 GWh of electricity a year. The EBRD loan is expected to be approved partially under the EBRD InvestEU Framework for Sustainable Transition (OpID 54197). The Project will contribute to climate change mitigation and the Romanian green energy transition by adding 315 MW of solar generation capacity to the Romanian national energy system. It will also strengthen the private sector presence in the renewable energy sector in Romania.European Bank for Reconstruction and DevelopmentRTG SOLAR ENERGY SRLEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUCHAREST44.43225 26.106268584333.3155000000RTG SOLAR ENERGY SRLPRIVATEPRIVATEPRIVATEThe Project involves the provision of a senior loan of up to EUR 55.0 MM in favour of favour of RTG Solar Energy S.R.L ("Iepuresti Project") and Solis Imperium S.R.L ("Ghimati Project"; together, "Borrowers," "Companies"), limited liability companies incorporated in Romania. The loan will be dedicated for the construction and operation of solar farms with capacity of 315MW in south-eastern Romania (the "Project"). The Project consists of two separate sites and is expected to generate around 400 GWh of electricity a year. The EBRD loan is expected to be approved partially under the EBRD InvestEU Framework for Sustainable Transition (OpID 54197). The Project will contribute to climate change mitigation and the Romanian green energy transition by adding 315 MW of solar generation capacity to the Romanian national energy system. It will also strengthen the private sector presence in the renewable energy sector in Romania. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54253XI-IATI-EBRD-48405European Bank for Reconstruction and DevelopmentProvision of a sovereign guaranteed loan in the amount of up to EUR 30 million of a programme of two loans to Srbija Voz JSC (the "Company" or "Serbia Voz")for the refurbishment and upgrade of the Technical Passenger Station Zemun (TPS Zemun) and acquisition and installation of various information technology systems (the "Project"). The second loan under the programme in the amount of up to EUR 22 million (Serbia Voz: TPS Zemun Loan II, OpID 50043) is expected to be signed in the second half of 2018. The Project envisages refurbishment and upgrade of TPS Zemun, located on the outskirts of Belgrade, to enable maintenance of the new Bank-funded Electric Multiple Units (the "EMU"s) and classic locomotive-hauled coaching sets. The expansion and upgrade of TPS Zemun is essential for the uninterrupted maintenance process of the Company's rolling stock, following the closure of a maintenance facility in downtown Belgrade. The Project aims to provide additional maintenance capacity to support the Company's rolling stock growth and to respond to the closure of the facilities in downtown Belgrade, provide an adequate maintenance facility for the Company's new generation Swiss-made EMUs, as existing facilities do not meet the minimum requirements, and to reduce the empty coaching stock moves due to its location on the international Corridor X and proximity to Belgrade. Acquisition of information technology systems will allow the Company to improve its planning, controlling and resource management activities.European Bank for Reconstruction and DevelopmentSRBIJAVOZ JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651330000000SRBIJAVOZ JSC300000SRBIJAVOZ JSC10170975.39SRBIJAVOZ JSC972130.26SRBIJAVOZ JSC700250.04SRBIJAVOZ JSC1747154.97SRBIJAVOZ JSC556710.52SRBIJAVOZ JSC874205.34SRBIJAVOZ JSC1207942.82SRBIJAVOZ JSC832053.66SRBIJAVOZ JSC614740.95SRBIJAVOZ JSC1768285.8SRBIJAVOZ JSC1842475.65SRBIJAVOZ JSC902750.37SRBIJAVOZ JSC2419819.89SRBIJAVOZ JSC2227956.18SRBIJAVOZ JSC1333070.5SRBIJAVOZ JSC689309.63SRBIJAVOZ JSC840168.03SRBIJAVOZ JSCSTATESTATESTATESTATEProvision of a sovereign guaranteed loan in the amount of up to EUR 30 million of a programme of two loans to Srbija Voz JSC (the "Company" or "Serbia Voz")for the refurbishment and upgrade of the Technical Passenger Station Zemun (TPS Zemun) and acquisition and installation of various information technology systems (the "Project"). The second loan under the programme in the amount of up to EUR 22 million (Serbia Voz: TPS Zemun Loan II, OpID 50043) is expected to be signed in the second half of 2018. The Project envisages refurbishment and upgrade of TPS Zemun, located on the outskirts of Belgrade, to enable maintenance of the new Bank-funded Electric Multiple Units (the "EMU"s) and classic locomotive-hauled coaching sets. The expansion and upgrade of TPS Zemun is essential for the uninterrupted maintenance process of the Company's rolling stock, following the closure of a maintenance facility in downtown Belgrade. The Project aims to provide additional maintenance capacity to support the Company's rolling stock growth and to respond to the closure of the facilities in downtown Belgrade, provide an adequate maintenance facility for the Company's new generation Swiss-made EMUs, as existing facilities do not meet the minimum requirements, and to reduce the empty coaching stock moves due to its location on the international Corridor X and proximity to Belgrade. Acquisition of information technology systems will allow the Company to improve its planning, controlling and resource management activities. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48405XI-IATI-EBRD-52752European Bank for Reconstruction and DevelopmentProvision of a long-term senior unsecured loan to Eurobank Serbia ("EBS" or the "Company") up to RSD 2.9bn (ca. EUR 24.7m) under the Financial Intermediaries Framework ("FIF") for on lending to micro, small and medium-sized enterprises. The project will contribute to the expansion of lending to private businesses through working capital lines and investment loans to SMEs, including enterprises operating in economically less-developed regions of the country. Furthermore, the transaction supports EBS's growth strategy and provides a source of medium term local currency funding.European Bank for Reconstruction and DevelopmentAIKBANK AD BEOGRADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651324707908.85AIKBANK AD BEOGRADPRIVATEPRIVATEPRIVATEProvision of a long-term senior unsecured loan to Eurobank Serbia ("EBS" or the "Company") up to RSD 2.9bn (ca. EUR 24.7m) under the Financial Intermediaries Framework ("FIF") for on lending to micro, small and medium-sized enterprises. The project will contribute to the expansion of lending to private businesses through working capital lines and investment loans to SMEs, including enterprises operating in economically less-developed regions of the country. Furthermore, the transaction supports EBS's growth strategy and provides a source of medium term local currency funding. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52752XI-IATI-EBRD-55639European Bank for Reconstruction and DevelopmentThe provision of a senior loan of up to US$ 20 million (€ 18.3 million) in KZT equivalent to SBK under the EBRD Green Economy Financing Facility Kazakhstan II ("GEFF II"). The financing will be used for on-lending to eligible private sector sub-borrowers in Kazakhstan for the Green Economy Transition ("GET") investments, in a gender responsive way. The Project will aim to i) scale up FI-intermediated green lending in the country in a gender-responsive way; and ii) further improve SBK' skills in identifying and assessing a wide range of green investment opportunities. Null ValueEuropean Bank for Reconstruction and DevelopmentSHINHAN BANK KAZAKHSTAN JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGALMATY43.25667 76.928619023755.1SHINHAN BANK KAZAKHSTAN JSCPRIVATEPRIVATEPRIVATEThe provision of a senior loan of up to US$ 20 million (€ 18.3 million) in KZT equivalent to SBK under the EBRD Green Economy Financing Facility Kazakhstan II ("GEFF II"). The financing will be used for on-lending to eligible private sector sub-borrowers in Kazakhstan for the Green Economy Transition ("GET") investments, in a gender responsive way. The Project will aim to i) scale up FI-intermediated green lending in the country in a gender-responsive way; and ii) further improve SBK' skills in identifying and assessing a wide range of green investment opportunities. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55639XI-IATI-EBRD-55703European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to EUR 3 million to Agrana Nile Fruits to finance the Company's investment plans for the construction, equipping and placing into operation of a new production line, as well as to refurbish the existing facility in Obour City, Egypt. The Project will increase annual production capacity of the Company, as well as enhance its operational efficiency. The Project will allow the Company to expand its export base and eventually become a net exporter of high-quality fruit ingredients to leading dairy produces in Middle East and West Africa.European Bank for Reconstruction and DevelopmentAGRANA NILE FRUITS SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.249673000000AGRANA NILE FRUITS SAEPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to EUR 3 million to Agrana Nile Fruits to finance the Company's investment plans for the construction, equipping and placing into operation of a new production line, as well as to refurbish the existing facility in Obour City, Egypt. The Project will increase annual production capacity of the Company, as well as enhance its operational efficiency. The Project will allow the Company to expand its export base and eventually become a net exporter of high-quality fruit ingredients to leading dairy produces in Middle East and West Africa. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55703XI-IATI-EBRD-56119European Bank for Reconstruction and DevelopmentThe provision of a senior secured loan of up to US$ 30 million in KZT equivalent to Bank CenterCredit JSC ("BCC") under the EBRD Green Economy Financing Facility Kazakhstan II . The financing will be used for on-lending to eligible private sub-borrowers in Kazakhstan for the Green Economy Transition ("GET") investments. The GEFF loan will be granted in two tranches, Tranche A of up to US$ 20 million and an uncommitted Tranche B of up to US$ 10 million. The project will allow BCC to support local currency lending to eligible private sub-borrowers for investments in climate change mitigation and adaptation technologies. The project aims to scale up FI-intermediated green lending in Kazakhstan; and further improve BCC' skills in identifying and assessing a wide range of green investment opportunities.European Bank for Reconstruction and DevelopmentBANK CENTERCREDIT JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGALMATY43.25667 76.9286127208090.33BANK CENTERCREDIT JSCPRIVATEPRIVATEPRIVATEThe provision of a senior secured loan of up to US$ 30 million in KZT equivalent to Bank CenterCredit JSC ("BCC") under the EBRD Green Economy Financing Facility Kazakhstan II . The financing will be used for on-lending to eligible private sub-borrowers in Kazakhstan for the Green Economy Transition ("GET") investments. The GEFF loan will be granted in two tranches, Tranche A of up to US$ 20 million and an uncommitted Tranche B of up to US$ 10 million. The project will allow BCC to support local currency lending to eligible private sub-borrowers for investments in climate change mitigation and adaptation technologies. The project aims to scale up FI-intermediated green lending in Kazakhstan; and further improve BCC' skills in identifying and assessing a wide range of green investment opportunities. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56119XI-IATI-EBRD-48883European Bank for Reconstruction and DevelopmentThe EBRD is considering reallocation of an existing sovereign guaranteed loan of EUR 100 million to JSC Serbian Railways (project number 41125), approved by the Board on 1 September 2010. The reallocation follows a decision by the Government of Serbia to unbundle vertically integrated JSC Serbian Railways. The existing loan is being restructured to reassign loan proceeds to the operating companies established in August 2015 - EUR 36 million to Infrastructure of Serbian Railways JSC (project number 48883) and EUR 64 million to Serbia Cargo JSC (project number 48406). The sovereign guaranteed loan in the amount of EUR 36 million to Infrastructure of Serbian Railways JSC will be provided by the EBRD to finance a programme of track renewal along the Corridor X railway line in Serbia. As part of the restructured project, the EBRD also financed procurement of new electric locomotives and refurbishment of locomotives in the existing fleet, which will be implemented by Serbia Cargo JSC under related project number 48406. The objectives of the project, on the part of railway infrastructure, are to finance a programme of track renewal on Corridor X in order to enhance the efficiency of both passenger and freight services. The project continues to support Government of Serbia's rail reform programme.European Bank for Reconstruction and DevelopmentINFRASTRUCTURE OF SERBIAN RAILWAYS JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651327631902.57INFRASTRUCTURE OF SERBIAN RAILWAYS JSC23556241.36INFRASTRUCTURE OF SERBIAN RAILWAYS JSC64301.48INFRASTRUCTURE OF SERBIAN RAILWAYS JSC2602.86INFRASTRUCTURE OF SERBIAN RAILWAYS JSC139220.53INFRASTRUCTURE OF SERBIAN RAILWAYS JSC84361.85INFRASTRUCTURE OF SERBIAN RAILWAYS JSC56829.6INFRASTRUCTURE OF SERBIAN RAILWAYS JSC106995.2INFRASTRUCTURE OF SERBIAN RAILWAYS JSC163070.78INFRASTRUCTURE OF SERBIAN RAILWAYS JSC96510.23INFRASTRUCTURE OF SERBIAN RAILWAYS JSC23425.74INFRASTRUCTURE OF SERBIAN RAILWAYS JSC1252984.79INFRASTRUCTURE OF SERBIAN RAILWAYS JSC70214.53INFRASTRUCTURE OF SERBIAN RAILWAYS JSC203866.15INFRASTRUCTURE OF SERBIAN RAILWAYS JSC161044.03INFRASTRUCTURE OF SERBIAN RAILWAYS JSC183753INFRASTRUCTURE OF SERBIAN RAILWAYS JSC69886.58INFRASTRUCTURE OF SERBIAN RAILWAYS JSC98642.23INFRASTRUCTURE OF SERBIAN RAILWAYS JSC279307.63INFRASTRUCTURE OF SERBIAN RAILWAYS JSC114855.55INFRASTRUCTURE OF SERBIAN RAILWAYS JSC306050.4INFRASTRUCTURE OF SERBIAN RAILWAYS JSC301799.7INFRASTRUCTURE OF SERBIAN RAILWAYS JSC295849.36INFRASTRUCTURE OF SERBIAN RAILWAYS JSCSTATESTATESTATESTATEThe EBRD is considering reallocation of an existing sovereign guaranteed loan of EUR 100 million to JSC Serbian Railways (project number 41125), approved by the Board on 1 September 2010. The reallocation follows a decision by the Government of Serbia to unbundle vertically integrated JSC Serbian Railways. The existing loan is being restructured to reassign loan proceeds to the operating companies established in August 2015 - EUR 36 million to Infrastructure of Serbian Railways JSC (project number 48883) and EUR 64 million to Serbia Cargo JSC (project number 48406). The sovereign guaranteed loan in the amount of EUR 36 million to Infrastructure of Serbian Railways JSC will be provided by the EBRD to finance a programme of track renewal along the Corridor X railway line in Serbia. As part of the restructured project, the EBRD also financed procurement of new electric locomotives and refurbishment of locomotives in the existing fleet, which will be implemented by Serbia Cargo JSC under related project number 48406. The objectives of the project, on the part of railway infrastructure, are to finance a programme of track renewal on Corridor X in order to enhance the efficiency of both passenger and freight services. The project continues to support Government of Serbia's rail reform programme. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48883XI-IATI-EBRD-49905European Bank for Reconstruction and DevelopmentProvision of a sovereign loan of up to EUR 250 million to the Arab Republic of Egypt to finance the upgrade and electrification of an existing rail line connecting downtown Alexandria and north-eastern town Abou Qir ("Abou Qir line") into a high capacity metro system (the "Project"). The EBRD loan will finance (i) infrastructure works for the upgrade and the electrification of the line, (ii) relevant rail systems, including the upgrade of signalling, telecommunications and centralised control systems, and (iii) rolling stock to be operated on the new metro system. The Project is part of an overall investment package estimated at EUR 1.6 billion expected to be co-financed by the European Investment Bank, the Agence Francaise de Developpment and the Asian Infrastructure Investment Bank. The Project will be implemented by the National Authority for Tunnels ("NAT"), a state-owned executive agency under the jurisdiction of the Ministry of Transportation. The line is expected to use the corridor of an existing railway line currently operated by the Egyptian National Railways ("ENR"), while the operation of the future metro line is intended to be awarded to an independent metro operator. The Project is in line with the Bank's Strategy for Egypt, namely with its priorities to improve quality and sustainability of the Country's municipal infrastructure services through promoting private sector participation and commercialisation as well as green economy transition through financing the development of a greener high-capacity public transport.European Bank for Reconstruction and DevelopmentEGYPT SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.24967175143626250000000EGYPT SOVEREIGN2500000EGYPT SOVEREIGN72356374EGYPT SOVEREIGNSTATESTATESTATESTATEProvision of a sovereign loan of up to EUR 250 million to the Arab Republic of Egypt to finance the upgrade and electrification of an existing rail line connecting downtown Alexandria and north-eastern town Abou Qir ("Abou Qir line") into a high capacity metro system (the "Project"). The EBRD loan will finance (i) infrastructure works for the upgrade and the electrification of the line, (ii) relevant rail systems, including the upgrade of signalling, telecommunications and centralised control systems, and (iii) rolling stock to be operated on the new metro system. The Project is part of an overall investment package estimated at EUR 1.6 billion expected to be co-financed by the European Investment Bank, the Agence Francaise de Developpment and the Asian Infrastructure Investment Bank. The Project will be implemented by the National Authority for Tunnels ("NAT"), a state-owned executive agency under the jurisdiction of the Ministry of Transportation. The line is expected to use the corridor of an existing railway line currently operated by the Egyptian National Railways ("ENR"), while the operation of the future metro line is intended to be awarded to an independent metro operator. The Project is in line with the Bank's Strategy for Egypt, namely with its priorities to improve quality and sustainability of the Country's municipal infrastructure services through promoting private sector participation and commercialisation as well as green economy transition through financing the development of a greener high-capacity public transport. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49905XI-IATI-EBRD-53522European Bank for Reconstruction and DevelopmentThe provision of a sovereign loan of up to € 14.7 million to the Kyrgyz Republic in two tranches - Tranche I (committed) of up to € 9.0 million and Tranche II (uncommitted) of up to € 5.7 million. The funds to be on-lent to the Osh city for the benefit of the Osh City Municipal Autotransport Company to finance the modernisation of electric public transport in the city. The project is co-financed by an investment grant of € 8.3 million to be provided in two tranches: Tranche I of up to € 5.0 million from the EBRD Shareholder Special Fund (SSF) and Tranche II of up to € 3.3 million from an international donor or the SSF. The Project will allow to integrate a new residential area of the city into the municipal public transport network, improving service quality and reliability. It will further contribute to a transport modal shift from using private vehicles towards inclusive public transport. The Project is consistent with (i) the Green Economy Transition (the "GET") approach (BDS20-082/F) through investment into "low-carbon and sustainable transport system", (ii) the MEI Sector Strategy (BDS19-069(F)) direction towards "switch to less carbon-intensive solutions", (iii) the Country Strategy for Kyrgyz Republic (BDS/KY/19-01/F) focus on "improved performance, service delivery and sustainability of municipal infrastructure", (iv) EBRD's Equality of Opportunity Strategy (BDS21-134(F)) and (v) EBRD's Strategy for the Promotion of Gender Equality (BDS21-133(F)). The Project also contributes to UN Sustainable Development Goal (SDG) 5. Gender Equality,SDG9. Industry, Innovation and Infrastructure, SDG11. Sustainable Cities and Communities,and to SDG 17. Partnerships for the SDGs.European Bank for Reconstruction and DevelopmentKYRGYZ REPUBLIC SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBISHKEK42.87 74.591474000014740000KYRGYZ REPUBLIC SOVEREIGNSTATESTATESTATESTATEThe provision of a sovereign loan of up to € 14.7 million to the Kyrgyz Republic in two tranches - Tranche I (committed) of up to € 9.0 million and Tranche II (uncommitted) of up to € 5.7 million. The funds to be on-lent to the Osh city for the benefit of the Osh City Municipal Autotransport Company to finance the modernisation of electric public transport in the city. The project is co-financed by an investment grant of € 8.3 million to be provided in two tranches: Tranche I of up to € 5.0 million from the EBRD Shareholder Special Fund (SSF) and Tranche II of up to € 3.3 million from an international donor or the SSF. The Project will allow to integrate a new residential area of the city into the municipal public transport network, improving service quality and reliability. It will further contribute to a transport modal shift from using private vehicles towards inclusive public transport. The Project is consistent with (i) the Green Economy Transition (the "GET") approach (BDS20-082/F) through investment into "low-carbon and sustainable transport system", (ii) the MEI Sector Strategy (BDS19-069(F)) direction towards "switch to less carbon-intensive solutions", (iii) the Country Strategy for Kyrgyz Republic (BDS/KY/19-01/F) focus on "improved performance, service delivery and sustainability of municipal infrastructure", (iv) EBRD's Equality of Opportunity Strategy (BDS21-134(F)) and (v) EBRD's Strategy for the Promotion of Gender Equality (BDS21-133(F)). The Project also contributes to UN Sustainable Development Goal (SDG) 5. Gender Equality,SDG9. Industry, Innovation and Infrastructure, SDG11. Sustainable Cities and Communities,and to SDG 17. Partnerships for the SDGs. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53522XI-IATI-EBRD-53035European Bank for Reconstruction and DevelopmentThe provision of a US$ 6.3 million (€ 6.0 million) senior secured loan (the Loan) to Uzbekistan based producer of spreads and butter JV Milk Euro Food LLC. It will consist of two tranches: the amortising tranche of US$ 3.3 million (Tranche 1) and the revolving tranche of US$ 3.0 million (Tranche 2). Up to US$ 750,000 of the loan amount will be co-financed by the Innovation and Sustainability in Agribusiness Value Chains Account of the Financial Intermediary and Private Enterprises Investment Special Fund sponsored by Taiwan International Cooperation and Development Fund (the TaiwanICDF). The Bank's financing will be used to (i) consolidate and extend the maturity of existing loans from local banks (US$ 3.3 million), (ii) finance working capital needs (US$ 2.7 million) and (iii) the acquisition of refrigerators US$ 0.3 million (together, the Project).European Bank for Reconstruction and DevelopmentJV MILK EURO FOOD LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.216274858618.57JV MILK EURO FOOD LLCPRIVATEPRIVATEPRIVATEThe provision of a US$ 6.3 million (€ 6.0 million) senior secured loan (the Loan) to Uzbekistan based producer of spreads and butter JV Milk Euro Food LLC. It will consist of two tranches: the amortising tranche of US$ 3.3 million (Tranche 1) and the revolving tranche of US$ 3.0 million (Tranche 2). Up to US$ 750,000 of the loan amount will be co-financed by the Innovation and Sustainability in Agribusiness Value Chains Account of the Financial Intermediary and Private Enterprises Investment Special Fund sponsored by Taiwan International Cooperation and Development Fund (the TaiwanICDF). The Bank's financing will be used to (i) consolidate and extend the maturity of existing loans from local banks (US$ 3.3 million), (ii) finance working capital needs (US$ 2.7 million) and (iii) the acquisition of refrigerators US$ 0.3 million (together, the Project). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53035XI-IATI-EBRD-52759European Bank for Reconstruction and DevelopmentAn uncommitted TFP limit in favour of Golomt Bank JSC (GB) of up to $20 million for guarantees and cash advances under the EBRD's Trade Facilitation Programme. The proposed TFP line will facilitate further development of GB's trade finance business. The bank has a substantial expertise in utilizing trade finance instruments and a robust pipeline of eligible TFP transactions. The proposed line will be important for the bank to meet the growing demand for trade finance from its clients and expand its correspondent banking network.European Bank for Reconstruction and DevelopmentGOLOMT BANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGULAANBAATAR47.90771 106.883241360860.411360860.41GOLOMT BANK JSCPRIVATEPRIVATEPRIVATEAn uncommitted TFP limit in favour of Golomt Bank JSC (GB) of up to $20 million for guarantees and cash advances under the EBRD's Trade Facilitation Programme. The proposed TFP line will facilitate further development of GB's trade finance business. The bank has a substantial expertise in utilizing trade finance instruments and a robust pipeline of eligible TFP transactions. The proposed line will be important for the bank to meet the growing demand for trade finance from its clients and expand its correspondent banking network. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52759XI-IATI-EBRD-52508European Bank for Reconstruction and DevelopmentProvision of a sovereign-guaranteed loan in favour of the Public Enterprise for State Roads (the "Company" or "PESR"), a state-owned company incorporated in the Republic of North Macedonia, at the amount of up to EUR 110 million. The operation will finance the construction of an approximately 10 km-long sub-section of the Trans-European Transport ("TEN-T") Route 6 motorway (the "Motorway A4") running from Skopje (Interchange Stenkovec) to the Blace Interchange, close to the border with the Republic of Kosovo (the "Project"). The Project will be co-financed with a EUR 20.8 million investment grant provided by the European Union (EU) through the Western Balkans Investment Framework ("WBIF"). In addition, the WBIF approved grant package includes EUR 8.8 million of TC funds for project preparation, project implementation support and supervision of works. The existing road between Skopje and the Kosovo border is a two lane road built 50 years ago which does not meet traffic needs or EU safety standards. As trade between North Macedonia and Kosovo has increased, greater traffic volumes have led to increased travel time. The Project involves the construction of a 4 lane highway which establishes a safe fast connection and trade route between the two neighbouring countries, as well as the wider Western Balkans region. The Project is structured to support the Bank's reform agenda in the Macedonian road sector with a focus on financial sustainability and climate resilience while promoting an enabling environment for electric vehicle infrastructure roll-out.European Bank for Reconstruction and DevelopmentPUBLIC ENTERPRISE FOR STATE ROADSEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.43141165924000167600000PUBLIC ENTERPRISE FOR STATE ROADS1676000PUBLIC ENTERPRISE FOR STATE ROADSSTATESTATESTATESTATEProvision of a sovereign-guaranteed loan in favour of the Public Enterprise for State Roads (the "Company" or "PESR"), a state-owned company incorporated in the Republic of North Macedonia, at the amount of up to EUR 110 million. The operation will finance the construction of an approximately 10 km-long sub-section of the Trans-European Transport ("TEN-T") Route 6 motorway (the "Motorway A4") running from Skopje (Interchange Stenkovec) to the Blace Interchange, close to the border with the Republic of Kosovo (the "Project"). The Project will be co-financed with a EUR 20.8 million investment grant provided by the European Union (EU) through the Western Balkans Investment Framework ("WBIF"). In addition, the WBIF approved grant package includes EUR 8.8 million of TC funds for project preparation, project implementation support and supervision of works. The existing road between Skopje and the Kosovo border is a two lane road built 50 years ago which does not meet traffic needs or EU safety standards. As trade between North Macedonia and Kosovo has increased, greater traffic volumes have led to increased travel time. The Project involves the construction of a 4 lane highway which establishes a safe fast connection and trade route between the two neighbouring countries, as well as the wider Western Balkans region. The Project is structured to support the Bank's reform agenda in the Macedonian road sector with a focus on financial sustainability and climate resilience while promoting an enabling environment for electric vehicle infrastructure roll-out. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52508XI-IATI-EBRD-55913European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to €10 million to be provided to UniCredit Bank Serbia ("UCB"), under the FIF - Go Digital in the Western Balkans Programme. The proceeds of the Bank's investment will be used for providing a combination of specialised financing for automation, digitalisation, competitiveness and green technologies to eligible SMEs in accordance with the respective Policy Statement. At least 60 per cent of the total investments shall be in eligible automation and digitalisation projects, of which at least 60 per cent shall be green economy transition ("GET") eligible. Furthermore, at least 60 per cent of the total investments shall be GET eligible.European Bank for Reconstruction and DevelopmentUNICREDIT BANK SERBIA JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651310000000UNICREDIT BANK SERBIA JSCPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to €10 million to be provided to UniCredit Bank Serbia ("UCB"), under the FIF - Go Digital in the Western Balkans Programme. The proceeds of the Bank's investment will be used for providing a combination of specialised financing for automation, digitalisation, competitiveness and green technologies to eligible SMEs in accordance with the respective Policy Statement. At least 60 per cent of the total investments shall be in eligible automation and digitalisation projects, of which at least 60 per cent shall be green economy transition ("GET") eligible. Furthermore, at least 60 per cent of the total investments shall be GET eligible. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55913XI-IATI-EBRD-48322European Bank for Reconstruction and DevelopmentA senior secured loan of up to USD 26 million to finance the construction of a 50 MW solar photovoltaic plant located within the King Hussein Bin Talal Development Area near the city of Al Mafraq in Mafraq Governorate, 80 km north of Amman in Jordan. The Project will be one of the first utility-scale solar plants of this size in Jordan and will support the country in increasing its renewable energy capacity and reducing its reliance on costly hydrocarbon imports. Project rationale stems from Jordan's strategy to procure cost-effective, indigenous energy supplies to mitigate its energy crisis. As part of the government's second round of direct proposals for solar ("Round 2"), the Project represents an important part of its ambitious programme to generate 10% of Jordan's electricity demand from renewables by 2020.European Bank for Reconstruction and DevelopmentAL SHARIKA AL MAHALIYA LI AAMAL AL MIYAH WA AL TAKA AL SHAMISA PSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGMAFRAQ32.34289 36.2080423636125.36AL SHARIKA AL MAHALIYA LI AAMAL AL MIYAH WA AL TAKA AL SHAMISA PSCPRIVATEPRIVATEPRIVATEA senior secured loan of up to USD 26 million to finance the construction of a 50 MW solar photovoltaic plant located within the King Hussein Bin Talal Development Area near the city of Al Mafraq in Mafraq Governorate, 80 km north of Amman in Jordan. The Project will be one of the first utility-scale solar plants of this size in Jordan and will support the country in increasing its renewable energy capacity and reducing its reliance on costly hydrocarbon imports. Project rationale stems from Jordan's strategy to procure cost-effective, indigenous energy supplies to mitigate its energy crisis. As part of the government's second round of direct proposals for solar ("Round 2"), the Project represents an important part of its ambitious programme to generate 10% of Jordan's electricity demand from renewables by 2020. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48322XI-IATI-EBRD-57009European Bank for Reconstruction and DevelopmentPortfolio Risk Sharing ("PRS") in the form of an unfunded portfolio guarantee of up to €20 million provided by EBRD in favour of PCBiH. The guarantee will cover up to 50% of the credit risk on a pro rata basis on the newly-generated micro, small and medium-sized entreprise ("MSME") loan portfolio of up to €40 million originated by PCBiH. The product aims to release PCBiH's risk-taking capacity to boost on-lending to MSMEs, addressing an MSME financing gap in the market.European Bank for Reconstruction and DevelopmentPROCREDIT BANK DDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.356441000000010000000PROCREDIT BANK DDPRIVATEPRIVATEPRIVATEPortfolio Risk Sharing ("PRS") in the form of an unfunded portfolio guarantee of up to €20 million provided by EBRD in favour of PCBiH. The guarantee will cover up to 50% of the credit risk on a pro rata basis on the newly-generated micro, small and medium-sized entreprise ("MSME") loan portfolio of up to €40 million originated by PCBiH. The product aims to release PCBiH's risk-taking capacity to boost on-lending to MSMEs, addressing an MSME financing gap in the market. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57009XI-IATI-EBRD-55594European Bank for Reconstruction and DevelopmentIn October 2025, the European Bank for Reconstruction and Development ("EBRD") extended a five year loan of EUR 50 million to Coficab to support expansion in Egypt and Morocco. The Project benefits from a first-loss risk cover provided by the European Union under the EFSD+ Guarantee Agreement "Municipal, Infrastructure and Industrial Resilience Guarantee Programme Plus". The financing will support Coficab in executing their strategic expansion plans through the development of two new greenfield automotive cable manufacturing facilities, one in Egypt, marking Coficab's entry into the local market, and another in Morocco, strengthening its well-established operations. These investments reinforce Coficab's regional presence while advancing industrial modernization and the integration of green technologies within the automotive sector.European Bank for Reconstruction and DevelopmentCOFICAB MAROC SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.24967RABAT34.01325 -6.8325550000000COFICAB MAROC SAPRIVATEPRIVATEPRIVATEIn October 2025, the European Bank for Reconstruction and Development ("EBRD") extended a five year loan of EUR 50 million to Coficab to support expansion in Egypt and Morocco. The Project benefits from a first-loss risk cover provided by the European Union under the EFSD+ Guarantee Agreement "Municipal, Infrastructure and Industrial Resilience Guarantee Programme Plus". The financing will support Coficab in executing their strategic expansion plans through the development of two new greenfield automotive cable manufacturing facilities, one in Egypt, marking Coficab's entry into the local market, and another in Morocco, strengthening its well-established operations. These investments reinforce Coficab's regional presence while advancing industrial modernization and the integration of green technologies within the automotive sector. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55594XI-IATI-EBRD-47010European Bank for Reconstruction and DevelopmentUSD 100 million EBRD financing, consisting of a USD 72 million senior loan and a USD 22 million mezzanine loan, to Sonker. Sonker is an Egyptian storage and bunkering company operating at the Sokhna Port on the Red Sea. The EBRD contribution will be part of a joint financing package with IFC and CIB for the purpose of constructing and operating Bulk Liquids Terminal facilities for the import and storage of gasoil, LPG, and LNG ('the Project'). The Project is crucial to Egypt¿s energy security, installing the necessary infrastructure at the Sokhna Port to help Egypt meet its growing requirement for gasoil, LPG, and natural gas imports.European Bank for Reconstruction and DevelopmentSONKER BUNKERING COMPANY SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496782080014SONKER BUNKERING COMPANY SAEPRIVATEPRIVATEPRIVATEUSD 100 million EBRD financing, consisting of a USD 72 million senior loan and a USD 22 million mezzanine loan, to Sonker. Sonker is an Egyptian storage and bunkering company operating at the Sokhna Port on the Red Sea. The EBRD contribution will be part of a joint financing package with IFC and CIB for the purpose of constructing and operating Bulk Liquids Terminal facilities for the import and storage of gasoil, LPG, and LNG ('the Project'). The Project is crucial to Egypt¿s energy security, installing the necessary infrastructure at the Sokhna Port to help Egypt meet its growing requirement for gasoil, LPG, and natural gas imports. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47010XI-IATI-EBRD-55815European Bank for Reconstruction and DevelopmentEBRD will provide a six-year loan in EGP for an amount equivalent to EUR 13.25 million to Minapharm Pharmaceuticals and Chemical Industries S.A.E. ("Minapharm"), Egypt. The financing will strengthen Minapharm's balance sheet and support its long-term growth strategy, particularly the expansion of its biotechnology production and the development of new biosimilar medicines. The loan will also support initiatives aimed at developing specialised technical and vocational skills to enhance capabilities within Egypt's pharmaceutical and biotechnology sector.European Bank for Reconstruction and DevelopmentMINAPHARM FOR PHARMACEUTICALS AND CHEMICAL INDUSTRIES SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496713119823.41MINAPHARM FOR PHARMACEUTICALS AND CHEMICAL INDUSTRIES SAEPRIVATEPRIVATEPRIVATEEBRD will provide a six-year loan in EGP for an amount equivalent to EUR 13.25 million to Minapharm Pharmaceuticals and Chemical Industries S.A.E. ("Minapharm"), Egypt. The financing will strengthen Minapharm's balance sheet and support its long-term growth strategy, particularly the expansion of its biotechnology production and the development of new biosimilar medicines. The loan will also support initiatives aimed at developing specialised technical and vocational skills to enhance capabilities within Egypt's pharmaceutical and biotechnology sector. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55815XI-IATI-EBRD-52996European Bank for Reconstruction and DevelopmentThe EBRD invested RON 255 million (ca. EUR 51.8 million) in a senior non-preferred green bond issuance of RON 1.2 billion launched by Raiffeisen Bank S.A., a commercial bank incorporated in Romania, on 4 June 2021. This is the first senior non-preferred instrument issued by Raiffeisen Bank, and the first senior non-preferred green bond issued by a commercial bank in Romania. The bond has a 7-year maturity, with a call option after the sixth year, and is listed on the Luxembourg and the Bucharest Stock Exchangess. Proceeds of the green bond will be used for eligible projects in line with the Green Bond Framework of Raiffeisen Bank. The EBRD further invested RON 136.5 million (ca. EUR 27.6 million) in a senior non-preferred green bond issuance of RON 525 million launched by Raiffeisen Bank on 7 June 2022. The bond has a 5-year maturity, with a call option after the fourth year, and is listed on the Luxembourg and the Bucharest Stock Exchanges. Proceeds of the green bond will be used for eligible projects in line with the Sustainability Bond Framework of Raiffeisen Bank. The project contributes to the resilience of a systemic bank in Romania, facilitates capital market development in the country, supports the first ever green bond framework launched by a Romanian bank, that is aligned with the Green Bond Principles of the International Capital Market Association, and helps to deliver the EBRD's green agenda in the country and national green economy priorities.European Bank for Reconstruction and DevelopmentRAIFFEISEN BANK SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUCHAREST44.43225 26.1062657219397.81RAIFFEISEN BANK SAPRIVATEPRIVATEPRIVATEThe EBRD invested RON 255 million (ca. EUR 51.8 million) in a senior non-preferred green bond issuance of RON 1.2 billion launched by Raiffeisen Bank S.A., a commercial bank incorporated in Romania, on 4 June 2021. This is the first senior non-preferred instrument issued by Raiffeisen Bank, and the first senior non-preferred green bond issued by a commercial bank in Romania. The bond has a 7-year maturity, with a call option after the sixth year, and is listed on the Luxembourg and the Bucharest Stock Exchangess. Proceeds of the green bond will be used for eligible projects in line with the Green Bond Framework of Raiffeisen Bank. The EBRD further invested RON 136.5 million (ca. EUR 27.6 million) in a senior non-preferred green bond issuance of RON 525 million launched by Raiffeisen Bank on 7 June 2022. The bond has a 5-year maturity, with a call option after the fourth year, and is listed on the Luxembourg and the Bucharest Stock Exchanges. Proceeds of the green bond will be used for eligible projects in line with the Sustainability Bond Framework of Raiffeisen Bank. The project contributes to the resilience of a systemic bank in Romania, facilitates capital market development in the country, supports the first ever green bond framework launched by a Romanian bank, that is aligned with the Green Bond Principles of the International Capital Market Association, and helps to deliver the EBRD's green agenda in the country and national green economy priorities. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52996XI-IATI-EBRD-49351European Bank for Reconstruction and DevelopmentProvision of a sovereign loan facility of up to EUR 60 million to the Republic of Albania to finance tourism-enabling and general municipal infrastructure and transport infrastructure, respectively (the "Albania Infrastructure and Tourism-Enabling Programme", "AITP" or the "Project"). The tourism-enabling infrastructure investments will be carried out in the regions of Berat, Korca, Fier and Shkoder (the "Designated Regions"), whereas general municipal and transport infrastructure investments will be made in the entire country including in the Designated Regions. AITP will be co-financed with an EU grant of EUR 40 million that will be used, among others, for the rehabilitation of cultural and natural heritage sites and will be made available through the Instruments for Pre-Accession Assistance ("IPA"). 1. Enhance the competitiveness of Albania's tourism sector through a comprehensive approach including infrastructure development, cultural and natural heritage sites rehabilitation and support to SMEs. 2. Improve municipal and environmental infrastructure across the country and regional transport links to provide more reliable access to economic centres across the country, including in the Designated Regions, and improve accessibility to certain touristic sites and touristic villages in these regions.European Bank for Reconstruction and DevelopmentALBANIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTIRANA41.3275 19.8188927706482.4460000000ALBANIA SOVEREIGN300000ALBANIA SOVEREIGN3104074.5ALBANIA SOVEREIGN514945ALBANIA SOVEREIGN925829.37ALBANIA SOVEREIGN1845005.4ALBANIA SOVEREIGN481803.12ALBANIA SOVEREIGN844061.4ALBANIA SOVEREIGN560472.53ALBANIA SOVEREIGN528776.89ALBANIA SOVEREIGN505192ALBANIA SOVEREIGN2444723.2ALBANIA SOVEREIGN866614.55ALBANIA SOVEREIGN622408.5ALBANIA SOVEREIGN1604642.24ALBANIA SOVEREIGN458429.94ALBANIA SOVEREIGN1258234.17ALBANIA SOVEREIGN524173.06ALBANIA SOVEREIGN300000ALBANIA SOVEREIGN523966.84ALBANIA SOVEREIGN1375116.6ALBANIA SOVEREIGN1250388.01ALBANIA SOVEREIGN458802.4ALBANIA SOVEREIGN1342190.88ALBANIA SOVEREIGN601429.65ALBANIA SOVEREIGN774611.51ALBANIA SOVEREIGN1049979.23ALBANIA SOVEREIGN836777.37ALBANIA SOVEREIGN1557881.14ALBANIA SOVEREIGN1013506.48ALBANIA SOVEREIGN762332.68ALBANIA SOVEREIGN505111.98ALBANIA SOVEREIGN551744.28ALBANIA SOVEREIGN2000292.64ALBANIA SOVEREIGNSTATESTATESTATESTATEProvision of a sovereign loan facility of up to EUR 60 million to the Republic of Albania to finance tourism-enabling and general municipal infrastructure and transport infrastructure, respectively (the "Albania Infrastructure and Tourism-Enabling Programme", "AITP" or the "Project"). The tourism-enabling infrastructure investments will be carried out in the regions of Berat, Korca, Fier and Shkoder (the "Designated Regions"), whereas general municipal and transport infrastructure investments will be made in the entire country including in the Designated Regions. AITP will be co-financed with an EU grant of EUR 40 million that will be used, among others, for the rehabilitation of cultural and natural heritage sites and will be made available through the Instruments for Pre-Accession Assistance ("IPA"). 1. Enhance the competitiveness of Albania's tourism sector through a comprehensive approach including infrastructure development, cultural and natural heritage sites rehabilitation and support to SMEs. 2. Improve municipal and environmental infrastructure across the country and regional transport links to provide more reliable access to economic centres across the country, including in the Designated Regions, and improve accessibility to certain touristic sites and touristic villages in these regions. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49351XI-IATI-EBRD-52382European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan to Ahli United Bank Egypt ("AUBE") of up to USD 30 million for on-lending to private small and medium-sized enterprises ("SMEs") in Egypt. The EBRD loan will support AUBE's SME lending activities and expand access to finance for underserved SMEs, especially in the remote regions through attracting new clients.European Bank for Reconstruction and DevelopmentKUWAIT FINANCE HOUSE BANK EGYPT SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496713131401.56KUWAIT FINANCE HOUSE BANK EGYPT SAEPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan to Ahli United Bank Egypt ("AUBE") of up to USD 30 million for on-lending to private small and medium-sized enterprises ("SMEs") in Egypt. The EBRD loan will support AUBE's SME lending activities and expand access to finance for underserved SMEs, especially in the remote regions through attracting new clients. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52382XI-IATI-EBRD-55883European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan in the amount of up to €15 million to Banca Intesa Beograd ("BIB"), for on-lending to eligible women-led SMEs in line with the criteria under Western Balkans Women in Business Programme Phase II ("WB WiBP II"). The project will contribute to women's economic inclusion by supporting women-led SMEs' access to finance and business advisory services.European Bank for Reconstruction and DevelopmentBANCA INTESA AD BEOGRADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651315000000BANCA INTESA AD BEOGRADPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan in the amount of up to €15 million to Banca Intesa Beograd ("BIB"), for on-lending to eligible women-led SMEs in line with the criteria under Western Balkans Women in Business Programme Phase II ("WB WiBP II"). The project will contribute to women's economic inclusion by supporting women-led SMEs' access to finance and business advisory services. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55883XI-IATI-EBRD-53828European Bank for Reconstruction and DevelopmentProvision of MAD 160m loan to finance construction of a new building, expansion of the current bags production and introduction of the Biaxially Oriented PolyPropylene (BOPP) production line. The Project supports expansion into a growing BOPP film production market, as well as further vertical integration.European Bank for Reconstruction and DevelopmentMULTISAC SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBOUZNIKA33.78942 -7.1596814925015.32MULTISAC SAPRIVATEPRIVATEPRIVATEProvision of MAD 160m loan to finance construction of a new building, expansion of the current bags production and introduction of the Biaxially Oriented PolyPropylene (BOPP) production line. The Project supports expansion into a growing BOPP film production market, as well as further vertical integration. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53828XI-IATI-EBRD-52688European Bank for Reconstruction and DevelopmentProvision of an EUR 25 million unsecured loan under the GCF GEFF Regional- Morocco II framework to CIH Bank (Credit Immobilier et Hotelier, "CIH"). The proceeds of the GCF GEFF loan will be on lent to private companies to finance Green Economy investments in climate change mitigation and adaptation technologies. The project will facilitate a green economy in Morocco by on lending to private sector sub-borrowers to implement green investments in energy efficiency, renewable energy and climate resilience measures.European Bank for Reconstruction and DevelopmentCREDIT IMMOBILIER ET HOTELIER SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCASABLANCA33.58831 -7.6113818750000CREDIT IMMOBILIER ET HOTELIER SAPRIVATEPRIVATEPRIVATEProvision of an EUR 25 million unsecured loan under the GCF GEFF Regional- Morocco II framework to CIH Bank (Credit Immobilier et Hotelier, "CIH"). The proceeds of the GCF GEFF loan will be on lent to private companies to finance Green Economy investments in climate change mitigation and adaptation technologies. The project will facilitate a green economy in Morocco by on lending to private sector sub-borrowers to implement green investments in energy efficiency, renewable energy and climate resilience measures. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52688XI-IATI-EBRD-55615European Bank for Reconstruction and DevelopmentThe Project will support the Company's expansion plans enabling its relocation from existing site to a modern facility for collection, processing, and sorting of metals scrap. The Project will also support enhanced sustainability measures expected to lead to improved environmental footprint via reduction of greenhouse gas (GHG) emissions, green building certification (EDGE 'standard' rating), increase in recycled materials and adoption of gender inclusion policies. Null ValueEuropean Bank for Reconstruction and DevelopmentREC KOS SHPKEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGFUSHE KOSOVE42.62833 21.096112000000REC KOS SHPKPRIVATEPRIVATEPRIVATEThe Project will support the Company's expansion plans enabling its relocation from existing site to a modern facility for collection, processing, and sorting of metals scrap. The Project will also support enhanced sustainability measures expected to lead to improved environmental footprint via reduction of greenhouse gas (GHG) emissions, green building certification (EDGE 'standard' rating), increase in recycled materials and adoption of gender inclusion policies. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55615XI-IATI-EBRD-55885European Bank for Reconstruction and DevelopmentThe provision of an equity bridge loan of up to USD 120 million to Obelisk Solar Power, an SPV wholly owned by Scatec ASA, to finance the construction and development of a 1 GW solar PV plant with a 200 MWh battery energy storage system (BESS) located in Nagaa Hammadi, Egypt. Scatec ASA will serve as the project sponsor. The loan will be composed of two tranches to support the project's funding requirements while adhering to the Bank's Environmental & Social Policy and Access to Information Policy. The Project will enhance the reliability of solar power generation in Egypt by incorporating battery storage, enabling the country to meet its declared renewable energy targets. This project is significant for Egypt, as it introduces one of the first utility scale BESS in the country and its implementation will pave the way for a broader rollout of storage-integrated renewable projects, helping to address the challenges posed by the intermittent nature of renewable energy sources. It will also support the country's efforts to increase its renewable energy share of total energy generation. More broadly, the Project will be delivered under the 10 GW renewable programme under the Nexus Water-Food-Energy Programme (NWFE) country platform. EBRD leadership in developing the Energy Pillar under NWFE is a major policy engagement first announced at COP27.European Bank for Reconstruction and DevelopmentOBELISK SOLAR POWER SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496726262803.12OBELISK SOLAR POWER SAEPRIVATEPRIVATEPRIVATEThe provision of an equity bridge loan of up to USD 120 million to Obelisk Solar Power, an SPV wholly owned by Scatec ASA, to finance the construction and development of a 1 GW solar PV plant with a 200 MWh battery energy storage system (BESS) located in Nagaa Hammadi, Egypt. Scatec ASA will serve as the project sponsor. The loan will be composed of two tranches to support the project's funding requirements while adhering to the Bank's Environmental & Social Policy and Access to Information Policy. The Project will enhance the reliability of solar power generation in Egypt by incorporating battery storage, enabling the country to meet its declared renewable energy targets. This project is significant for Egypt, as it introduces one of the first utility scale BESS in the country and its implementation will pave the way for a broader rollout of storage-integrated renewable projects, helping to address the challenges posed by the intermittent nature of renewable energy sources. It will also support the country's efforts to increase its renewable energy share of total energy generation. More broadly, the Project will be delivered under the 10 GW renewable programme under the Nexus Water-Food-Energy Programme (NWFE) country platform. EBRD leadership in developing the Energy Pillar under NWFE is a major policy engagement first announced at COP27. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55885XI-IATI-EBRD-52361European Bank for Reconstruction and DevelopmentProvision of a senior long-term loan to finance the construction and operation of Karavasta Solar Power Plant (SPP), a 140 MWp SPP located in the municipality of Fier in Albania (the "Project"). The Project is a result of a competitive international tender supported by the Bank and it will be implemented by Karavasta Solar LLC, a special purpose vehicle incorporated in Albania, 100% owned by Voltalia SA, an international renewable energy company listed on Euronext Paris. The Project will contribute to climate mitigation by meaningfully increasing the share of solar power generation in Albania and will promote further private participation in the sector dominated by public hydro power assets and imported energy.European Bank for Reconstruction and DevelopmentKARAVASTA SOLAR SHPKEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGFIER40.72389 19.5561129000000KARAVASTA SOLAR SHPKPRIVATEPRIVATEPRIVATEProvision of a senior long-term loan to finance the construction and operation of Karavasta Solar Power Plant (SPP), a 140 MWp SPP located in the municipality of Fier in Albania (the "Project"). The Project is a result of a competitive international tender supported by the Bank and it will be implemented by Karavasta Solar LLC, a special purpose vehicle incorporated in Albania, 100% owned by Voltalia SA, an international renewable energy company listed on Euronext Paris. The Project will contribute to climate mitigation by meaningfully increasing the share of solar power generation in Albania and will promote further private participation in the sector dominated by public hydro power assets and imported energy. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52361XI-IATI-EBRD-54801European Bank for Reconstruction and DevelopmentA capped unfunded portfolio guarantee to be provided by the EBRD as an InvestEU implementing partner to Eurobank Bulgaria (known under its local brand name Postbank), as an eligible partner financial intermediary ("PFI") in Bulgaria under the EBRD's InvestEU Green Capped Portfolio Guarantee Framework. The guarantee will cover a newly generated portfolio of loans amounting to up to EUR 140 million, financing eligible green projects across industry sectors. The Project benefits from partial first loss risk cover from the European Union under the InvestEU Fund. The Project aims to further support the EBRD's green agenda in Bulgaria and the national green economy priorities. As such, the Project will bridge the funding gap for sustainable energy investments in the country, support the resilience of a systemic bank and expand its green lending capacity.European Bank for Reconstruction and DevelopmentEUROBANK BULGARIA ADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSOFIA42.69751 23.324153920000039200000EUROBANK BULGARIA ADPRIVATEPRIVATEPRIVATEA capped unfunded portfolio guarantee to be provided by the EBRD as an InvestEU implementing partner to Eurobank Bulgaria (known under its local brand name Postbank), as an eligible partner financial intermediary ("PFI") in Bulgaria under the EBRD's InvestEU Green Capped Portfolio Guarantee Framework. The guarantee will cover a newly generated portfolio of loans amounting to up to EUR 140 million, financing eligible green projects across industry sectors. The Project benefits from partial first loss risk cover from the European Union under the InvestEU Fund. The Project aims to further support the EBRD's green agenda in Bulgaria and the national green economy priorities. As such, the Project will bridge the funding gap for sustainable energy investments in the country, support the resilience of a systemic bank and expand its green lending capacity. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54801XI-IATI-EBRD-55122European Bank for Reconstruction and DevelopmentProvision of a sovereign loan of up to EUR 30 million to the Republic of Kosovo for the benefit of the Regional Water Company Prishtina ("RWCP", the "Company" or the "Client") to finance the extension of the wastewater collection network and construction of a new wastewater treatment plan ("WWTP") in the Municipality of Podujeva (the "Project"). The Project will address critical wastewater treatment needs in Podujeva and will benefit an estimated 50,000 inhabitants. Extension of the Company's wastewater network and construction of a new WWTP in the Municipality of Podujeva to collect and treat wastewater in accordance with the relevant EU environmental standards. Significant reduction of raw wastewater volumes and its associated pollutant loads that are discharged straight into the river and local freshwater resources.European Bank for Reconstruction and DevelopmentKOSOVO SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRISTINA42.67272 21.166882500000025000000KOSOVO SOVEREIGNSTATESTATESTATESTATEProvision of a sovereign loan of up to EUR 30 million to the Republic of Kosovo for the benefit of the Regional Water Company Prishtina ("RWCP", the "Company" or the "Client") to finance the extension of the wastewater collection network and construction of a new wastewater treatment plan ("WWTP") in the Municipality of Podujeva (the "Project"). The Project will address critical wastewater treatment needs in Podujeva and will benefit an estimated 50,000 inhabitants. Extension of the Company's wastewater network and construction of a new WWTP in the Municipality of Podujeva to collect and treat wastewater in accordance with the relevant EU environmental standards. Significant reduction of raw wastewater volumes and its associated pollutant loads that are discharged straight into the river and local freshwater resources. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55122XI-IATI-EBRD-54538European Bank for Reconstruction and DevelopmentProvision of a sovereign loan of up to EUR 20 million to the Republic of Kosovo for the benefit of the Regional Water Company Bifurkacioni ("RWCB" or the "Company") to finance the extension of the wastewater collection network and construction of a new wastewater treatment plan ("WWTP") in the south catchment area of city of Ferizaj and the neighbouring communities (the "Project"). The loan will address critical wastewater treatment needs in Ferizaj and will benefit an estimated 90,000 inhabitants. The financing will enable the Company to extend its wastewater network and construct a new WWTP in order to collect and treat the wastewater in accordance with the relevant EU environmental standards. Implementation of the Project will result in significant environmental benefits by considerably reducing the volumes of raw wastewater, and its associated pollutant loads, that will be discharged straight into the river and local freshwater resources.European Bank for Reconstruction and DevelopmentKOSOVO SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRISTINA42.67272 21.166881980000020000000KOSOVO SOVEREIGN200000KOSOVO SOVEREIGNSTATESTATESTATESTATEProvision of a sovereign loan of up to EUR 20 million to the Republic of Kosovo for the benefit of the Regional Water Company Bifurkacioni ("RWCB" or the "Company") to finance the extension of the wastewater collection network and construction of a new wastewater treatment plan ("WWTP") in the south catchment area of city of Ferizaj and the neighbouring communities (the "Project"). The loan will address critical wastewater treatment needs in Ferizaj and will benefit an estimated 90,000 inhabitants. The financing will enable the Company to extend its wastewater network and construct a new WWTP in order to collect and treat the wastewater in accordance with the relevant EU environmental standards. Implementation of the Project will result in significant environmental benefits by considerably reducing the volumes of raw wastewater, and its associated pollutant loads, that will be discharged straight into the river and local freshwater resources. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54538XI-IATI-EBRD-47715European Bank for Reconstruction and DevelopmentAn equity investment in the form of ordinary shares in the first voluntary pension fund management company (the "Company") in Bosnia and Herzegovina alongside Skupna Pokojinska Druzba and the Republika Srpska Reserve Pension Fund. The equity investment will fund the mandatory start-up capital of the newly established Company. The Enterprise Expansion Fund ("ENEF") will provide 50% of the EBRD investment. The Project will support the development of the voluntary pension system in Bosnia and Herzegovina ("BiH"), initially in the entity of Republika Srpska ("RS"). The new company will be the first provider of voluntary pension and asset management services in BiH. The company will consider starting operations as well in the Federation of Bosnia and Herzegovina ("FBiH"), the other entity in BiH, once the voluntary pension law is in place there. The RS authorities have introduced the law on voluntary pension funds in RS, creating the legal basis for voluntary savings for retirement (Pillar III). After the establishment of the Company, persons living in RS will have the opportunity to save for retirement in a voluntary and tax-efficient way, complementing the main mandatory state pension system (Pillar I).European Bank for Reconstruction and DevelopmentDRUSTVO ZA UPRAVLJANJE EVROPSKIM DOBROVOLJNIM PENZIJSKIM FONDOM ADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBANJA LUKA44.77842 17.19386371450.5DRUSTVO ZA UPRAVLJANJE EVROPSKIM DOBROVOLJNIM PENZIJSKIM FONDOM ADPRIVATEPRIVATEPRIVATEAn equity investment in the form of ordinary shares in the first voluntary pension fund management company (the "Company") in Bosnia and Herzegovina alongside Skupna Pokojinska Druzba and the Republika Srpska Reserve Pension Fund. The equity investment will fund the mandatory start-up capital of the newly established Company. The Enterprise Expansion Fund ("ENEF") will provide 50% of the EBRD investment. The Project will support the development of the voluntary pension system in Bosnia and Herzegovina ("BiH"), initially in the entity of Republika Srpska ("RS"). The new company will be the first provider of voluntary pension and asset management services in BiH. The company will consider starting operations as well in the Federation of Bosnia and Herzegovina ("FBiH"), the other entity in BiH, once the voluntary pension law is in place there. The RS authorities have introduced the law on voluntary pension funds in RS, creating the legal basis for voluntary savings for retirement (Pillar III). After the establishment of the Company, persons living in RS will have the opportunity to save for retirement in a voluntary and tax-efficient way, complementing the main mandatory state pension system (Pillar I). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47715XI-IATI-EBRD-57361European Bank for Reconstruction and DevelopmentThe project involves the provision of a senior unsecured loan of up to €2 million in favour of NLB Banka AD Podgorica (NLBP), in a single tranche, to be used for on-lending to eligible micro, small and medium-sized enterprises (MSMEs) under the Western Balkans Youth in Business Programme (WB YiB Programme). The loan proceeds will be used for on-lending to eligible MSMEs whose overall operational management responsibility or majority ownership is held by a person (or persons) under the age of 35 (Youth MSMEs) in Montenegro.European Bank for Reconstruction and DevelopmentNLB BANKA AD PODGORICAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPODGORICA42.44111 19.263612000000NLB BANKA AD PODGORICAPRIVATEPRIVATEPRIVATEThe project involves the provision of a senior unsecured loan of up to €2 million in favour of NLB Banka AD Podgorica (NLBP), in a single tranche, to be used for on-lending to eligible micro, small and medium-sized enterprises (MSMEs) under the Western Balkans Youth in Business Programme (WB YiB Programme). The loan proceeds will be used for on-lending to eligible MSMEs whose overall operational management responsibility or majority ownership is held by a person (or persons) under the age of 35 (Youth MSMEs) in Montenegro. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57361XI-IATI-EBRD-54934European Bank for Reconstruction and DevelopmentProvision of a long-term senior secured loan of up to USD 35.5 million (the "Loan") in favour of Oasis-33 Mixed Use Development Company ("Oasis-33" or the "Company"). The Loan will be a part of a multi-bank facility that will be used to build upon the Bank's initial transaction with the Company and support the continued development of Ayla Marina Village and the recovery of tourism activities in Aqaba. The Loan will be used to (i) extend the Company's existing debt maturities and (ii) complete the construction, equipment, and putting into operations of a new hotel in Ayla Marina Village.European Bank for Reconstruction and DevelopmentOASIS 33 MIXED USE DEVELOPMENT COMPANYEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGAQABA29.52667 35.007782679841.3731077650.35OASIS 33 MIXED USE DEVELOPMENT COMPANYPRIVATEPRIVATEPRIVATEProvision of a long-term senior secured loan of up to USD 35.5 million (the "Loan") in favour of Oasis-33 Mixed Use Development Company ("Oasis-33" or the "Company"). The Loan will be a part of a multi-bank facility that will be used to build upon the Bank's initial transaction with the Company and support the continued development of Ayla Marina Village and the recovery of tourism activities in Aqaba. The Loan will be used to (i) extend the Company's existing debt maturities and (ii) complete the construction, equipment, and putting into operations of a new hotel in Ayla Marina Village. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54934XI-IATI-EBRD-47829European Bank for Reconstruction and DevelopmentThe EBRD is providing a senior loan of up to EUR 64 million to the Public Enterprise for State Roads ('PESR, the 'Company'). The loan will be sovereign guaranteed by FYR of Macedonia (the 'Guarantor', or 'State'). The transaction will enable the Company to finance the improvement of a 37 km single carriageway section on the A4 highway in FYR Macedonia (the 'Project'). The proposed road improvement works will include reconstruction and widening of the road pavement to provide a single carriageway road with two 3.5 m wide traffic lanes and two 2.2 m wide hard shoulders.European Bank for Reconstruction and DevelopmentPUBLIC ENTERPRISE FOR STATE ROADSEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.4314164000000PUBLIC ENTERPRISE FOR STATE ROADS640000PUBLIC ENTERPRISE FOR STATE ROADS10000000PUBLIC ENTERPRISE FOR STATE ROADS9160000PUBLIC ENTERPRISE FOR STATE ROADS9240000PUBLIC ENTERPRISE FOR STATE ROADS6400000PUBLIC ENTERPRISE FOR STATE ROADS8700000PUBLIC ENTERPRISE FOR STATE ROADS7300000PUBLIC ENTERPRISE FOR STATE ROADS9200000PUBLIC ENTERPRISE FOR STATE ROADS3360000PUBLIC ENTERPRISE FOR STATE ROADSSTATESTATESTATESTATEThe EBRD is providing a senior loan of up to EUR 64 million to the Public Enterprise for State Roads ('PESR, the 'Company'). The loan will be sovereign guaranteed by FYR of Macedonia (the 'Guarantor', or 'State'). The transaction will enable the Company to finance the improvement of a 37 km single carriageway section on the A4 highway in FYR Macedonia (the 'Project'). The proposed road improvement works will include reconstruction and widening of the road pavement to provide a single carriageway road with two 3.5 m wide traffic lanes and two 2.2 m wide hard shoulders. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47829XI-IATI-EBRD-50604European Bank for Reconstruction and DevelopmentProvision of an equity co-investment to acquire an indirect equity stake in Airport International Group ("AIG"), through acquiring a share of the investment made in AIG by Meridiam Eastern Europe Investments 2 SAS ("Meridiam"). AIG is incorporated in the Hashemite Kingdom of Jordan and holds the concession for the Queen Alia International Airport of Amman ("QAIA"). The proceeds of the Bank's investment will be used to acquire shares and provide a shareholder loan, plus financing other associated costs.European Bank for Reconstruction and DevelopmentMERIDIAM CO-INVESTMENT INFRASTRUCTURE EASTERN EUROPE SLPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGAMMAN31.95522 35.945033063682.8634500000MERIDIAM CO-INVESTMENT INFRASTRUCTURE EASTERN EUROPE SLPPRIVATEPRIVATEPRIVATEProvision of an equity co-investment to acquire an indirect equity stake in Airport International Group ("AIG"), through acquiring a share of the investment made in AIG by Meridiam Eastern Europe Investments 2 SAS ("Meridiam"). AIG is incorporated in the Hashemite Kingdom of Jordan and holds the concession for the Queen Alia International Airport of Amman ("QAIA"). The proceeds of the Bank's investment will be used to acquire shares and provide a shareholder loan, plus financing other associated costs. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50604XI-IATI-EBRD-52751European Bank for Reconstruction and DevelopmentThe Project consist of the construction of a solar thermal plant with a 30 MW capacity to provide additional heat energy capacity and extension of the district heating ("DH") network of the city of Pristina (the "Project"). The Project's scope includes a network extension which will be implemented in stages, with the first stage of up to 50 MW, of which 30 MW will be supplied from the solar thermal plant financed by the Project. The remaining 20 MW of network extension will be supplied from the existing combined heat and power ("CHP") facility at Kosovo B where no increase in coal consumption is expected due to the operating characteristics of the plant and its use of baseload electricity production. A further 20 MW network extension for a total capacity of 70 MW will be considered at a later stage, subject to further due diligence including confirmation of Paris Agreement alignment. The Project aims to * increase the share of renewable energy in Pristina's DH network, thereby enhancing Pristina's energy security and sustainability; and * improve the financial and operational performance of Termokos JSC (the "Client" or the "Company") through the revision of tariff setting methodology and preparation of an infrastructure asset management planEuropean Bank for Reconstruction and DevelopmentKOSOVO SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRISTINA42.67272 21.166882296800023200000KOSOVO SOVEREIGN232000KOSOVO SOVEREIGNSTATESTATESTATESTATEThe Project consist of the construction of a solar thermal plant with a 30 MW capacity to provide additional heat energy capacity and extension of the district heating ("DH") network of the city of Pristina (the "Project"). The Project's scope includes a network extension which will be implemented in stages, with the first stage of up to 50 MW, of which 30 MW will be supplied from the solar thermal plant financed by the Project. The remaining 20 MW of network extension will be supplied from the existing combined heat and power ("CHP") facility at Kosovo B where no increase in coal consumption is expected due to the operating characteristics of the plant and its use of baseload electricity production. A further 20 MW network extension for a total capacity of 70 MW will be considered at a later stage, subject to further due diligence including confirmation of Paris Agreement alignment. The Project aims to * increase the share of renewable energy in Pristina's DH network, thereby enhancing Pristina's energy security and sustainability; and * improve the financial and operational performance of Termokos JSC (the "Client" or the "Company") through the revision of tariff setting methodology and preparation of an infrastructure asset management plan For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52751XI-IATI-EBRD-53969European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to EUR 3.0 million to be made available in two tranches to Alter Modus ("AM") under the Western Balkans Youth in Business ("WB YiB") Programme. The second tranche will be uncomitted. The loan proceeds will be used for on-lending to eligible micro and small-sized enterprises ("MSEs") whose overall operational management responsibility or majority ownership is held by a person (or persons) under the age of 35 ("Youth MSEs") in Montenegro in accordance with the Policy Statement.European Bank for Reconstruction and DevelopmentMIKROKREDITNA FINANSIJSKA INSTITUCIJA ALTER MODUS DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPODGORICA42.44111 19.263613000000MIKROKREDITNA FINANSIJSKA INSTITUCIJA ALTER MODUS DOOPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to EUR 3.0 million to be made available in two tranches to Alter Modus ("AM") under the Western Balkans Youth in Business ("WB YiB") Programme. The second tranche will be uncomitted. The loan proceeds will be used for on-lending to eligible micro and small-sized enterprises ("MSEs") whose overall operational management responsibility or majority ownership is held by a person (or persons) under the age of 35 ("Youth MSEs") in Montenegro in accordance with the Policy Statement. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53969XI-IATI-EBRD-55449European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to €1 million under the Western Balkans Youth in Business Programme ("WB YiB"). The Loan proceeds will be used for on-lending to eligible micro- and small sized enterprises ("MSEs") whose overall operational management responsibility or majority ownership is held by a person (or persons) under the age of 35 ("Youth MSEs") in Bosnia and Herzegovina ("BiH") in accordance with the Policy Statement.European Bank for Reconstruction and DevelopmentMIKROKREDITNA FONDACIJA MI-BOSPO TUZLAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTUZLA44.53842 18.667091000000MIKROKREDITNA FONDACIJA MI-BOSPO TUZLAPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to €1 million under the Western Balkans Youth in Business Programme ("WB YiB"). The Loan proceeds will be used for on-lending to eligible micro- and small sized enterprises ("MSEs") whose overall operational management responsibility or majority ownership is held by a person (or persons) under the age of 35 ("Youth MSEs") in Bosnia and Herzegovina ("BiH") in accordance with the Policy Statement. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55449XI-IATI-EBRD-56304European Bank for Reconstruction and DevelopmentParticipation of PLN 140 million (c.a. EUR 33 million) in a PLN 1 billion (c.a. EUR 234 million) debut sustainability-linked bond programme (the "Bond Programme") by Zabka Group S.A. (the "Group" or the "Borrower"), an owner of the iabka Polska sp. z o.o. i a modern convenience food retailer in Poland. The proceeds from the Bond Programme will be utilised for general corporate purposes. The Bank's subscription will be applied towards financing the Group's activity in Poland, as well as investments on foreign markets. The Bond will be listed on the Warsaw Stock Exchange (GPW Catalyst market), and it will be publicly traded. The main objective of the Project is to diversify and improve the efficiency of the Group's financing sources. Funds obtained from the bond programme will support the financing of Zabka Group's operating costs and capital expenditures in Poland and Romania.European Bank for Reconstruction and DevelopmentZABKA POLSKA SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.01178BUCHAREST44.43225 26.1062632574017.47ZABKA POLSKA SAPRIVATEPRIVATEPRIVATEParticipation of PLN 140 million (c.a. EUR 33 million) in a PLN 1 billion (c.a. EUR 234 million) debut sustainability-linked bond programme (the "Bond Programme") by Zabka Group S.A. (the "Group" or the "Borrower"), an owner of the iabka Polska sp. z o.o. i a modern convenience food retailer in Poland. The proceeds from the Bond Programme will be utilised for general corporate purposes. The Bank's subscription will be applied towards financing the Group's activity in Poland, as well as investments on foreign markets. The Bond will be listed on the Warsaw Stock Exchange (GPW Catalyst market), and it will be publicly traded. The main objective of the Project is to diversify and improve the efficiency of the Group's financing sources. Funds obtained from the bond programme will support the financing of Zabka Group's operating costs and capital expenditures in Poland and Romania. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56304XI-IATI-EBRD-56555European Bank for Reconstruction and DevelopmentThe EBRD (the "Bank") is providing a loan of approx. EUR 35 million of committed facility and potentially up to EUR 18 million of uncommitted term facility to CLIP Logistyka sp. z o.o., STS Logistic sp. z o.o. and CLIP Terminals sp. z o.o. (together, the "Borrowers"), part of CLIP Group S.A. (the "Group"), one of the largest privately owned logistics groups in Poland and the Central and Eastern Europe region. The Bank's financing is part of a broader syndicated senior financing package totalling up to EUR 342 million. The proceeds of the Bank's financing will be used to refinance existing indebtedness and support the Group's investment programme, including (i) development of an automotive terminal in Zabrze, (ii) construction of an intermodal container terminal, also in Zabrze, (iii) development of battery-charging infrastructure and energy storage systems, and potentially (iv) construction of new logistics halls. The Project aims to support the expansion of an integrated logistics platform in Poland, enhancing intermodal capacity and strengthening regional connectivity. The Bank's participation will enable the Group to continue implementing its investment programme while stabilising its capital structure through refinancing, thereby supporting scale-up of operations and improving efficiency across its logistics network.European Bank for Reconstruction and DevelopmentCLIP LOGISTYKA SP ZOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSWARZEDZ3500500035005000CLIP LOGISTYKA SP ZOOPRIVATEPRIVATEPRIVATEThe EBRD (the "Bank") is providing a loan of approx. EUR 35 million of committed facility and potentially up to EUR 18 million of uncommitted term facility to CLIP Logistyka sp. z o.o., STS Logistic sp. z o.o. and CLIP Terminals sp. z o.o. (together, the "Borrowers"), part of CLIP Group S.A. (the "Group"), one of the largest privately owned logistics groups in Poland and the Central and Eastern Europe region. The Bank's financing is part of a broader syndicated senior financing package totalling up to EUR 342 million. The proceeds of the Bank's financing will be used to refinance existing indebtedness and support the Group's investment programme, including (i) development of an automotive terminal in Zabrze, (ii) construction of an intermodal container terminal, also in Zabrze, (iii) development of battery-charging infrastructure and energy storage systems, and potentially (iv) construction of new logistics halls. The Project aims to support the expansion of an integrated logistics platform in Poland, enhancing intermodal capacity and strengthening regional connectivity. The Bank's participation will enable the Group to continue implementing its investment programme while stabilising its capital structure through refinancing, thereby supporting scale-up of operations and improving efficiency across its logistics network. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56555XI-IATI-EBRD-53101European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan in the amount of up to USD 10 million to Ameriabank for on-lending to women-led MSMEs under the Women in Business (WiB) Programme in the Eastern Partnership countries. The proposed loan will promote further women's entrepreneurship and women's participation in business facilitating access to finance, know-how and advice. It will further strengthen Ameriabank`s customer base and further support and encourage developing new products in the local banking sector with specific focus on women-led SMEs and growth of medium and long-term financing.European Bank for Reconstruction and DevelopmentAMERIABANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYEREVAN40.18111 44.513618754267.71AMERIABANK CJSCPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan in the amount of up to USD 10 million to Ameriabank for on-lending to women-led MSMEs under the Women in Business (WiB) Programme in the Eastern Partnership countries. The proposed loan will promote further women's entrepreneurship and women's participation in business facilitating access to finance, know-how and advice. It will further strengthen Ameriabank`s customer base and further support and encourage developing new products in the local banking sector with specific focus on women-led SMEs and growth of medium and long-term financing. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53101XI-IATI-EBRD-54846European Bank for Reconstruction and DevelopmentSenior unsecured loan in the amount of up to USD 10 million to ACBA Bank for on-lending to women-led businesses under the Women in Business (WiB) Programme in the Eastern Partnership countries. The proposed loan will promote further women's entrepreneurship and women's participation in business facilitating access to finance, know-how and advice. It will further strengthen ACBA's customer base and continue supporting and encouraging the development of new products in the local banking sector with specific focus on women-led SMEs and growth of medium and long-term financing.European Bank for Reconstruction and DevelopmentACBA BANK OJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYEREVAN40.18111 44.513619289202.44ACBA BANK OJSCPRIVATEPRIVATEPRIVATESenior unsecured loan in the amount of up to USD 10 million to ACBA Bank for on-lending to women-led businesses under the Women in Business (WiB) Programme in the Eastern Partnership countries. The proposed loan will promote further women's entrepreneurship and women's participation in business facilitating access to finance, know-how and advice. It will further strengthen ACBA's customer base and continue supporting and encouraging the development of new products in the local banking sector with specific focus on women-led SMEs and growth of medium and long-term financing. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54846XI-IATI-EBRD-54835European Bank for Reconstruction and DevelopmentThe EBRD loan will support the establishment of a Customs and Logistics Centre ("CLC") near Yerevan ("Yerevan CLC") by financing the construction of a customs terminal and the acquisition of relevant equipment (the "Project"). The investment is expected to qualify for the Green building certification, resulting in Yerevan CLC, along with a similar centre in the Syunik region, one of the first two public buildings to attain such certification. The Yerevan CLC is expected to increase efficiency and transparency of customs operations, improve the quality, and reduce the time required for customs clearance services through the application of the "One Stop Shop / Single Window" concept. The Project also aims to promote human capital development and increase access to economic opportunities for the local population, by supporting the digitalisation of the State Revenue Committee's (the "SRC") customs certified programme and introducing dedicated training modules on data literacy and data software skills.European Bank for Reconstruction and DevelopmentARMENIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYEREVAN40.18111 44.513613000000030000000ARMENIA SOVEREIGNSTATESTATESTATESTATEThe EBRD loan will support the establishment of a Customs and Logistics Centre ("CLC") near Yerevan ("Yerevan CLC") by financing the construction of a customs terminal and the acquisition of relevant equipment (the "Project"). The investment is expected to qualify for the Green building certification, resulting in Yerevan CLC, along with a similar centre in the Syunik region, one of the first two public buildings to attain such certification. The Yerevan CLC is expected to increase efficiency and transparency of customs operations, improve the quality, and reduce the time required for customs clearance services through the application of the "One Stop Shop / Single Window" concept. The Project also aims to promote human capital development and increase access to economic opportunities for the local population, by supporting the digitalisation of the State Revenue Committee's (the "SRC") customs certified programme and introducing dedicated training modules on data literacy and data software skills. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54835XI-IATI-EBRD-52825European Bank for Reconstruction and DevelopmentThe sovereign loan to Georgia of up to EUR 3.03 million represents an increase in financing under the existing project GrCF - Tbilisi Solid Waste Project (Original Project). The incremental loan proceeds are to be used for a wider upgrade of the leachate system in the Tbilisi City's landfill, a component included in the Original Project. The Project is part of Green Cities Framework 2 (GrCF2) and a follow-on investment from Tbilisi's Green City Action Plan (GCAP). The project addresses the GCAP-identified need for improvements in the City's solid waste system. It reduces environmental pollution from the landfill and employs best available technology in line with the EU standards. The project aims to contribute to an improved level of solid waste services and overall improved environment in Tbilisi.European Bank for Reconstruction and DevelopmentGEORGIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTBILISI41.69411 44.833681397910.713030000GEORGIA SOVEREIGN30300GEORGIA SOVEREIGN1552364.22GEORGIA SOVEREIGN31417.6GEORGIA SOVEREIGN18007.47GEORGIA SOVEREIGNSTATESTATESTATESTATEThe sovereign loan to Georgia of up to EUR 3.03 million represents an increase in financing under the existing project GrCF - Tbilisi Solid Waste Project (Original Project). The incremental loan proceeds are to be used for a wider upgrade of the leachate system in the Tbilisi City's landfill, a component included in the Original Project. The Project is part of Green Cities Framework 2 (GrCF2) and a follow-on investment from Tbilisi's Green City Action Plan (GCAP). The project addresses the GCAP-identified need for improvements in the City's solid waste system. It reduces environmental pollution from the landfill and employs best available technology in line with the EU standards. The project aims to contribute to an improved level of solid waste services and overall improved environment in Tbilisi. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52825XI-IATI-EBRD-56211European Bank for Reconstruction and DevelopmentAn equity commitment of up to €30 million in favour of Invera Private Equity Fund II C.V. (the Fund). The Fund will make equity and equity-related investments in small and medium sized enterprises primarily in Croatia and Slovenia and in other West Balkan countries, with the objective of generating long-term capital appreciation.European Bank for Reconstruction and DevelopmentINVERA PRIVATE EQUITY FUND II CVEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTIRANA41.3275 19.81889SARAJEVO43.84864 18.35644ZAGREB45.81444 15.97798PRISTINA42.67272 21.16688PODGORICA42.44111 19.26361SKOPJE41.99646 21.43141BELGRADE44.80401 20.46513LJUBLJANA46.05108 14.5051329705938.630000000INVERA PRIVATE EQUITY FUND II CVPRIVATEPRIVATEPRIVATEAn equity commitment of up to €30 million in favour of Invera Private Equity Fund II C.V. (the Fund). The Fund will make equity and equity-related investments in small and medium sized enterprises primarily in Croatia and Slovenia and in other West Balkan countries, with the objective of generating long-term capital appreciation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56211XI-IATI-EBRD-53716European Bank for Reconstruction and DevelopmentUSD 13.8 MM subscription in the USD 80 MM 5-year secured green bond (the "Bond "), to be listed on the Georgian Stock Exchange, issued by JSC Georgian Renewable Power Operations ("GRPO"), one of the leading renewable energy platforms in Georgia, which is 100% indirectly owned by JSC Georgia Capital, (" GCAP"), a holding company of a diversified group of businesses operating in healthcare, insurance, beverages, power & utilities and real estate in Georgia. The project is the first green bond to be issued on the Georgian Stock Exchange. The Bond proceeds will be applied to refinancing the shareholder loan provided by GCAP for redemption of JSC Georgia Global Utilities' USD 250,000,000.00 7.75% Eurobond, which took place in September 2022.European Bank for Reconstruction and DevelopmentGEORGIAN RENEWABLE POWER OPERATIONS JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTBILISI41.69411 44.8336814006828.33GEORGIAN RENEWABLE POWER OPERATIONS JSCPRIVATEPRIVATEPRIVATEUSD 13.8 MM subscription in the USD 80 MM 5-year secured green bond (the "Bond "), to be listed on the Georgian Stock Exchange, issued by JSC Georgian Renewable Power Operations ("GRPO"), one of the leading renewable energy platforms in Georgia, which is 100% indirectly owned by JSC Georgia Capital, (" GCAP"), a holding company of a diversified group of businesses operating in healthcare, insurance, beverages, power & utilities and real estate in Georgia. The project is the first green bond to be issued on the Georgian Stock Exchange. The Bond proceeds will be applied to refinancing the shareholder loan provided by GCAP for redemption of JSC Georgia Global Utilities' USD 250,000,000.00 7.75% Eurobond, which took place in September 2022. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53716XI-IATI-EBRD-53607European Bank for Reconstruction and DevelopmentA subscription of up to €40.5 million in sustainability-linked bonds (SLB) issued by EPSO-G, a Lithuanian state-owned group of energy transmission and exchange companies (the Company", under a €135 million sustainability-linked bond programme. The bonds are listed on the Nasdaq Baltic exchange as of 15 June 2022. The Bank already subscribed to €22.5 million out of the €75 million issued under the programme. The proceeds from the SLB issuance programme will be applied solely towards general corporate purposes. The Company is however intending to direct the Bonds proceeds towards its investment programme which is focused on the electricity grid synchronisation programme with the EU network, the implementation of a 200 MW energy storage project and electricity grid renovation to allow for connecting more renewable energy capacity.European Bank for Reconstruction and DevelopmentEPSO-G UABEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGVILNIUS54.68916 25.279822500000EPSO-G UAB22500000EPSO-G UABSTATESTATESTATESTATEA subscription of up to €40.5 million in sustainability-linked bonds (SLB) issued by EPSO-G, a Lithuanian state-owned group of energy transmission and exchange companies (the Company", under a €135 million sustainability-linked bond programme. The bonds are listed on the Nasdaq Baltic exchange as of 15 June 2022. The Bank already subscribed to €22.5 million out of the €75 million issued under the programme. The proceeds from the SLB issuance programme will be applied solely towards general corporate purposes. The Company is however intending to direct the Bonds proceeds towards its investment programme which is focused on the electricity grid synchronisation programme with the EU network, the implementation of a 200 MW energy storage project and electricity grid renovation to allow for connecting more renewable energy capacity. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53607XI-IATI-EBRD-54367European Bank for Reconstruction and DevelopmentAgreement to invest EUR 60 million in primary equity in M Plus Croatia d.o.o. (the "Company" or "M Plus"), a limited liability company incorporated in Croatia. The purchase of the newly issued shares will be executed after the standard regulatory approvals have been obtained. Once the investment is executed, the EBRD will own a minority share. The Project supports opening up new opportunities for human capital development in Croatia and other EBRD countries of operations where the Company operates and well as the Company's expansion to new markets and implementation of digital strategy.European Bank for Reconstruction and DevelopmentM PLUS CROATIA DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGZAGREB45.81444 15.9779860000000M PLUS CROATIA DOOPRIVATEPRIVATEPRIVATEAgreement to invest EUR 60 million in primary equity in M Plus Croatia d.o.o. (the "Company" or "M Plus"), a limited liability company incorporated in Croatia. The purchase of the newly issued shares will be executed after the standard regulatory approvals have been obtained. Once the investment is executed, the EBRD will own a minority share. The Project supports opening up new opportunities for human capital development in Croatia and other EBRD countries of operations where the Company operates and well as the Company's expansion to new markets and implementation of digital strategy. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54367XI-IATI-EBRD-55647European Bank for Reconstruction and DevelopmentA senior non-recourse project finance loan of up to €12.2 million in favour of RP Global Novalja d.o.o., owned by RP Global Energy GmbH, to finance the development and construction of the 21 MW solar PV plant Novalja in Croatia (the "Project"). The Project has been approved under the EBRD InvestEU Framework for Sustainable Transition. The loan is split into two tranches: (i) Tranche A of up to €7.2 million, and (ii) Tranche B of up to €5 million, benefiting from a 20% first loss coverage under the EBRD InvestEU Framework for Sustainable Transition. The Project will contribute to climate change mitigation and the Croatian green energy transition through the addition of 21 MW of new solar generation capacity to the Croatian national energy system. It will also strengthen the private sector presence in the renewable energy sector in Croatia.European Bank for Reconstruction and DevelopmentRP GLOBAL NOVALJA DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGZAGREB45.81444 15.97798112200000RP GLOBAL NOVALJA DOOPRIVATEPRIVATEPRIVATEA senior non-recourse project finance loan of up to €12.2 million in favour of RP Global Novalja d.o.o., owned by RP Global Energy GmbH, to finance the development and construction of the 21 MW solar PV plant Novalja in Croatia (the "Project"). The Project has been approved under the EBRD InvestEU Framework for Sustainable Transition. The loan is split into two tranches: (i) Tranche A of up to €7.2 million, and (ii) Tranche B of up to €5 million, benefiting from a 20% first loss coverage under the EBRD InvestEU Framework for Sustainable Transition. The Project will contribute to climate change mitigation and the Croatian green energy transition through the addition of 21 MW of new solar generation capacity to the Croatian national energy system. It will also strengthen the private sector presence in the renewable energy sector in Croatia. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55647XI-IATI-EBRD-55848European Bank for Reconstruction and DevelopmentInvestments of up to EUR 70 million in a series of covered bonds ("CBs") to be issued by AS LHV Pank ("LHV") in Estonia ("the Issuer") until October 2027 and admitted for trading on the Irish Stock Exchange (Euronext Dublin). EBRD's investment in each issue will be limited to up to 20% of the issuance size. On 10 October 2024, EBRD invested EUR 37.5 million in 4-year covered bonds by the Issuer, as a part of EUR 225 million public issuance that was listed on Euronext Dublin. On 3 June 2025, EBRD invested EUR 14 million in 4-year covered bonds by the Issuer, as a part of EUR 300 million public issuance that was listed on Euronext Dublin. The project supports the expansion of the nascent covered bond market in Estonia and it is fully consistent with Bank's policy engagement on capital market development in the Baltics. The project also delivers on the Bank's green agenda and national green economy priorities for Estonia.European Bank for Reconstruction and DevelopmentAS LHV PANKEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTALLINN59.43696 24.7535351500000AS LHV PANKPRIVATEPRIVATEPRIVATEInvestments of up to EUR 70 million in a series of covered bonds ("CBs") to be issued by AS LHV Pank ("LHV") in Estonia ("the Issuer") until October 2027 and admitted for trading on the Irish Stock Exchange (Euronext Dublin). EBRD's investment in each issue will be limited to up to 20% of the issuance size. On 10 October 2024, EBRD invested EUR 37.5 million in 4-year covered bonds by the Issuer, as a part of EUR 225 million public issuance that was listed on Euronext Dublin. On 3 June 2025, EBRD invested EUR 14 million in 4-year covered bonds by the Issuer, as a part of EUR 300 million public issuance that was listed on Euronext Dublin. The project supports the expansion of the nascent covered bond market in Estonia and it is fully consistent with Bank's policy engagement on capital market development in the Baltics. The project also delivers on the Bank's green agenda and national green economy priorities for Estonia. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55848XI-IATI-EBRD-53389European Bank for Reconstruction and DevelopmentThe EBRD invested EUR 50 million in a EUR 350 million Senior Preferred ("SP") bond issued by Piraeus Bank S.A. ("Piraeus"), a commercial bank incorporated in Greece, in November 2022. The SP bonds have a maturity of 4 years, with an embedded issuer call option after 3 years, and are listed on the Luxembourg Stock Exchange's Euro MTF market. This is EBRD's first investment in an SP instrument issued by Piraeus Bank, and the second SP bond by the bank, after its debut issuance in October 2021. The project supports the resilience and regulatory compliance of the largest bank in Greece in terms of assets, a systemically important institution in the country, and contributes to the capital market development in Greece. Furthermore, the EBRD promotes resource efficiency in the country by requiring Piraeus Bank to allocate funds in the amount of 1.7 times of the EBRD's subscription to finance green investments in renewable energy and energy efficiency.European Bank for Reconstruction and DevelopmentPIRAEUS BANK SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATHENS37.98376 23.72784100000000PIRAEUS BANK SAPRIVATEPRIVATEPRIVATEThe EBRD invested EUR 50 million in a EUR 350 million Senior Preferred ("SP") bond issued by Piraeus Bank S.A. ("Piraeus"), a commercial bank incorporated in Greece, in November 2022. The SP bonds have a maturity of 4 years, with an embedded issuer call option after 3 years, and are listed on the Luxembourg Stock Exchange's Euro MTF market. This is EBRD's first investment in an SP instrument issued by Piraeus Bank, and the second SP bond by the bank, after its debut issuance in October 2021. The project supports the resilience and regulatory compliance of the largest bank in Greece in terms of assets, a systemically important institution in the country, and contributes to the capital market development in Greece. Furthermore, the EBRD promotes resource efficiency in the country by requiring Piraeus Bank to allocate funds in the amount of 1.7 times of the EBRD's subscription to finance green investments in renewable energy and energy efficiency. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53389XI-IATI-EBRD-54110European Bank for Reconstruction and DevelopmentProvision of a senior secured loan of up to EUR 10 million to Transped s.r.o., a Slovakian subsidiary (the "Borrower") of the Grain Alliance Group (the "Group"). The Loan will be provided under the Resilience and Livelihoods Framework. The proceeds of the Loan will be used to finance the upgrade and expansion of storage and transhipment capacity of the grain terminal and purchase of trucks and locomotives in Slovakia, as well as purchase of grain hoppers in Ukraine (the "Project"). Given the war on Ukraine, blockage of Ukrainian sea ports and related disruption of grain export logistics from Ukraine, the Project implementation will contribute to the smooth and secured grain logistics from Ukrainian elevators of the Group to the Slovakian terminal and then to final customers.European Bank for Reconstruction and DevelopmentTRANSPED SROEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBRATISLAVA48.14816 17.10674KYIV50.45466 30.523810000000TRANSPED SROPRIVATEPRIVATEPRIVATEProvision of a senior secured loan of up to EUR 10 million to Transped s.r.o., a Slovakian subsidiary (the "Borrower") of the Grain Alliance Group (the "Group"). The Loan will be provided under the Resilience and Livelihoods Framework. The proceeds of the Loan will be used to finance the upgrade and expansion of storage and transhipment capacity of the grain terminal and purchase of trucks and locomotives in Slovakia, as well as purchase of grain hoppers in Ukraine (the "Project"). Given the war on Ukraine, blockage of Ukrainian sea ports and related disruption of grain export logistics from Ukraine, the Project implementation will contribute to the smooth and secured grain logistics from Ukrainian elevators of the Group to the Slovakian terminal and then to final customers. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54110XI-IATI-EBRD-53410European Bank for Reconstruction and DevelopmentA five-year GEL denominated senior unsecured loan in amount of USD 20 mln provided to Bank of Georgia ("BoG"), one of the largest systemic banks operating in Georgia. The project will further promote the Eastern Partnership SME Competitiveness ("EaP SMEC") Programme, a successor to the DCFTA Programme, in which BoG has actively participated since 2016. The proceeds of the Bank's investment will be on-lent by the bank in line with EaP SMEC Programme' Policy Statement to private sector sub-borrowers (MSMEs) to upgrade their technologies and equipment up to EU standards, including for investments in sustainable technologies and promotion of the use of green technologies, enhancing MSMEs' competitiveness. At least 70% of the loan is expected to be GET-eligible, in line with the EaP SMEC programme terms.European Bank for Reconstruction and DevelopmentBANK OF GEORGIA JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTBILISI41.69411 44.8336817401974.9BANK OF GEORGIA JSCPRIVATEPRIVATEPRIVATEA five-year GEL denominated senior unsecured loan in amount of USD 20 mln provided to Bank of Georgia ("BoG"), one of the largest systemic banks operating in Georgia. The project will further promote the Eastern Partnership SME Competitiveness ("EaP SMEC") Programme, a successor to the DCFTA Programme, in which BoG has actively participated since 2016. The proceeds of the Bank's investment will be on-lent by the bank in line with EaP SMEC Programme' Policy Statement to private sector sub-borrowers (MSMEs) to upgrade their technologies and equipment up to EU standards, including for investments in sustainable technologies and promotion of the use of green technologies, enhancing MSMEs' competitiveness. At least 70% of the loan is expected to be GET-eligible, in line with the EaP SMEC programme terms. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53410XI-IATI-EBRD-52540European Bank for Reconstruction and DevelopmentAn equity investment of EUR 35m in favour of Rohlik Group a.s. (the "Company"), a company operating the leading online grocery retailer in the Czech Republic - Rohlik - and also present in Hungary, Austria and Germany. The Bank's investment includes i) EUR 30m initial purchase of shares in the Company which is part of a ca. EUR 185m fundraising round to support scaling-up of its existing operations in Hungary, Austria, and its international expansion to Romania, Germany and potentially other countries where the EBRD operates and ii) EUR 5m follow-on equity investment as part of an additional EUR 100m capital increase, which will be utilised to finance further expansion to international markets. The company provided the Bank with a commitment to invest in Hungary, Romania and other EBRD countries of operations.European Bank for Reconstruction and DevelopmentVELKA PECKA SROEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRAGUE50.08804 14.42076BUDAPEST47.49835 19.04045BUCHAREST44.43225 26.1062668006632.52VELKA PECKA SROPRIVATEPRIVATEPRIVATEAn equity investment of EUR 35m in favour of Rohlik Group a.s. (the "Company"), a company operating the leading online grocery retailer in the Czech Republic - Rohlik - and also present in Hungary, Austria and Germany. The Bank's investment includes i) EUR 30m initial purchase of shares in the Company which is part of a ca. EUR 185m fundraising round to support scaling-up of its existing operations in Hungary, Austria, and its international expansion to Romania, Germany and potentially other countries where the EBRD operates and ii) EUR 5m follow-on equity investment as part of an additional EUR 100m capital increase, which will be utilised to finance further expansion to international markets. The company provided the Bank with a commitment to invest in Hungary, Romania and other EBRD countries of operations. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52540XI-IATI-EBRD-48957European Bank for Reconstruction and DevelopmentProvision of a senior corporate loan of USD 80 million to Electric Networks of Armenia ("ENA" or the "borrower" or the "company") to finance a 5-year (2016-20) USD 200 mm investment programme for the modernisation of the distribution network including the introduction of smart metering across Armenia. The loan supports the borrower in the modernisation of outdated Armenian power infrastructure. This will include: (i) Reconstruction and modernisation of existing substations and lines and replacement of outdated equipment; (ii) Expansion of the automated electricity metering system (reading and billing); (iii) Expansion of the network and connection of new users; (iv) Installation of a new automatic control system and other auxiliary investments.European Bank for Reconstruction and DevelopmentELECTRIC NETWORKS OF ARMENIA CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYEREVAN40.18111 44.5136161867070.82ELECTRIC NETWORKS OF ARMENIA CJSCPRIVATEPRIVATEPRIVATEProvision of a senior corporate loan of USD 80 million to Electric Networks of Armenia ("ENA" or the "borrower" or the "company") to finance a 5-year (2016-20) USD 200 mm investment programme for the modernisation of the distribution network including the introduction of smart metering across Armenia. The loan supports the borrower in the modernisation of outdated Armenian power infrastructure. This will include: (i) Reconstruction and modernisation of existing substations and lines and replacement of outdated equipment; (ii) Expansion of the automated electricity metering system (reading and billing); (iii) Expansion of the network and connection of new users; (iv) Installation of a new automatic control system and other auxiliary investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48957XI-IATI-EBRD-53490European Bank for Reconstruction and DevelopmentThe provision of a senior loan of up to EUR 115 million equivalent to Santander Consumer Bank S.A. (SCB) under the Poland-Residential Energy Efficiency Facility (REEF) framework. The loan will be complemented by a comprehensive Technical Cooperation support package. Santander Consumer Bank S.A. will on-lend the EBRD funds to retail customers to finance eligible energy and resource saving projects in residential buildings in Poland. The project will promote investments in energy efficiency measures in residential buildings through one of the leading consumer finance banks in Poland, contributing to energy savings and CO2 emission reductions. This will also contribute to addressing the vital issue of air pollution in the country, whereby Poland exhibits one of the highest air pollutions in Europe due to the reliance on coal.European Bank for Reconstruction and DevelopmentSANTANDER CONSUMER BANK SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWROCLAW51.1 17.03333121152077.85SANTANDER CONSUMER BANK SAPRIVATEPRIVATEPRIVATEThe provision of a senior loan of up to EUR 115 million equivalent to Santander Consumer Bank S.A. (SCB) under the Poland-Residential Energy Efficiency Facility (REEF) framework. The loan will be complemented by a comprehensive Technical Cooperation support package. Santander Consumer Bank S.A. will on-lend the EBRD funds to retail customers to finance eligible energy and resource saving projects in residential buildings in Poland. The project will promote investments in energy efficiency measures in residential buildings through one of the leading consumer finance banks in Poland, contributing to energy savings and CO2 emission reductions. This will also contribute to addressing the vital issue of air pollution in the country, whereby Poland exhibits one of the highest air pollutions in Europe due to the reliance on coal. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53490XI-IATI-EBRD-55180European Bank for Reconstruction and DevelopmentAn investment of EUR 10m in the 5-year green senior unsecured fixed coupon corporate bond issued by GEN-I, d.o.o., ("GEN-I" or the "Company"), an integrated supplier and trader of electricity and natural gas, and provider of green energy services in Slovenia and South-East Europe (the "Project"). The investment represents 20% of the total EUR 50 million green bond issuance. The Green Bond is a capital market instrument and will be listed on the Ljubljana stock exchange. The Project will enable the development of at least 36MW of new renewable energy projects by GEN-I, including solar, wind, and battery storage, and support decarbonization in Slovenia, Serbia, North Macedonia, Croatia, Bosnia and Herzegovina, and Montenegro.European Bank for Reconstruction and DevelopmentGEN-I DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGZAGREB45.81444 15.97798SKOPJE41.99646 21.43141BELGRADE44.80401 20.46513LJUBLJANA46.05108 14.5051310000000GEN-I DOO10000000GEN-I DOOSTATESTATESTATESTATEAn investment of EUR 10m in the 5-year green senior unsecured fixed coupon corporate bond issued by GEN-I, d.o.o., ("GEN-I" or the "Company"), an integrated supplier and trader of electricity and natural gas, and provider of green energy services in Slovenia and South-East Europe (the "Project"). The investment represents 20% of the total EUR 50 million green bond issuance. The Green Bond is a capital market instrument and will be listed on the Ljubljana stock exchange. The Project will enable the development of at least 36MW of new renewable energy projects by GEN-I, including solar, wind, and battery storage, and support decarbonization in Slovenia, Serbia, North Macedonia, Croatia, Bosnia and Herzegovina, and Montenegro. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55180XI-IATI-EBRD-55641European Bank for Reconstruction and DevelopmentProvision of a senior loan to Araratbank ("AB") of up to USD 5 million, of which up to USD 3.75 million to be provided by the European Bank for Reconstruction and Development ("EBRD") and up to USD 1.25 million by the Green Climate Fund ("GCF") under the GCF-Green Economy Financing Facility ("GEFF") Regional Programme. The proceeds of the loan will be used for financing investments in climate change mitigation and adaptation technologies by local private sector commercial sub-borrowers in a gender-responsive way, in line with the standards and reporting requirements of the GEFF in Armenia. 100 per cent of the loan proceeds will be related to Green Economy Transition investments. AB will benefit from Technical Cooperation ("TC") in form of trainings, capacity building and support for project implementation from the dedicated programme consultants. The Project's use of proceeds may include solar sub-projects. Such sub-projects will be managed in line with "The Proposed Management Approach for Solar Supply Chain Risk Management" (CS/FO/21-35), (CS/FO/21-35 (Add 2)) and any subsequent guidance developed under that approach.European Bank for Reconstruction and DevelopmentARARATBANK OJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYEREVAN40.18111 44.513613282850.39ARARATBANK OJSCPRIVATEPRIVATEPRIVATEProvision of a senior loan to Araratbank ("AB") of up to USD 5 million, of which up to USD 3.75 million to be provided by the European Bank for Reconstruction and Development ("EBRD") and up to USD 1.25 million by the Green Climate Fund ("GCF") under the GCF-Green Economy Financing Facility ("GEFF") Regional Programme. The proceeds of the loan will be used for financing investments in climate change mitigation and adaptation technologies by local private sector commercial sub-borrowers in a gender-responsive way, in line with the standards and reporting requirements of the GEFF in Armenia. 100 per cent of the loan proceeds will be related to Green Economy Transition investments. AB will benefit from Technical Cooperation ("TC") in form of trainings, capacity building and support for project implementation from the dedicated programme consultants. The Project's use of proceeds may include solar sub-projects. Such sub-projects will be managed in line with "The Proposed Management Approach for Solar Supply Chain Risk Management" (CS/FO/21-35), (CS/FO/21-35 (Add 2)) and any subsequent guidance developed under that approach. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55641XI-IATI-EBRD-54124European Bank for Reconstruction and DevelopmentThe investment will address the priority needs of the City identified under the Green City Action Plan ("GCAP"). The Project will finance the closure, remediation and final capping of the Didi Lilo landfill cells and installation of a landfill gas ("LFG") collection, flaring and utilisation (landfill gas-to-energy conversion) system. The Project aims to contribute to improved environment in Tbilisi. The Project is part of Green Cities Framework 2 ("GrCF2") and is the follow-on investment under the Tbilisi's GCAP approved in September 2017. The Project will also bring landfill operations in line with the relevant EU environmental standards.European Bank for Reconstruction and DevelopmentGEORGIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTBILISI41.69411 44.833681584000016000000GEORGIA SOVEREIGN160000GEORGIA SOVEREIGNSTATESTATESTATESTATEThe investment will address the priority needs of the City identified under the Green City Action Plan ("GCAP"). The Project will finance the closure, remediation and final capping of the Didi Lilo landfill cells and installation of a landfill gas ("LFG") collection, flaring and utilisation (landfill gas-to-energy conversion) system. The Project aims to contribute to improved environment in Tbilisi. The Project is part of Green Cities Framework 2 ("GrCF2") and is the follow-on investment under the Tbilisi's GCAP approved in September 2017. The Project will also bring landfill operations in line with the relevant EU environmental standards. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54124XI-IATI-EBRD-51925European Bank for Reconstruction and DevelopmentAn equity commitment of up to EUR 25 million in favour of Credit Value Investment CEE Private Debt Fund SCA SICAV-RAIF (the "Fund"). The Fund will provide flexible debt financing predominantly to small and medium-sized enterprises ("SMEs") mostly via senior debt but also offering junior and unitranche loans. It will invest primarily in Poland and also in selected opportunities in other Central and Eastern European ("CEE") countries.European Bank for Reconstruction and DevelopmentCVI CEE PRIVATE DEBT FUND SCA SICAV-RAIFEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTALLINN59.43696 24.75353VILNIUS54.68916 25.2798RIGA56.946 24.10589WARSAW52.22977 21.01178BUCHAREST44.43225 26.106262033616.6725000000CVI CEE PRIVATE DEBT FUND SCA SICAV-RAIFPRIVATEPRIVATEPRIVATEAn equity commitment of up to EUR 25 million in favour of Credit Value Investment CEE Private Debt Fund SCA SICAV-RAIF (the "Fund"). The Fund will provide flexible debt financing predominantly to small and medium-sized enterprises ("SMEs") mostly via senior debt but also offering junior and unitranche loans. It will invest primarily in Poland and also in selected opportunities in other Central and Eastern European ("CEE") countries. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51925XI-IATI-EBRD-48098European Bank for Reconstruction and DevelopmentA sovereign loan of € 10.0 million to Georgia ("Borrower"), on-lent to the Municipal Development Fund of Georgia ("MDFG," "MDF" or "Company"), a state owned agency for implementation and monitoring of infrastructure projects under the Ministry of Regional Development and Infrastructure. MDF, in turn, concluded transfer agreements with 66 participating municipalities, the beneficiaries. The sovereign loan was co-financed by a capital grant of € 2.0 million from the Bank's Shareholder Special Fund ("SSF"). The proceeds of the loan and the grant financed acquisition of a new fleet of solid waste collection vehicles as well solid waste containers that have been distributed among 66 participating municipalities. The primary project objective is to improve and modernise solid waste management in the Country through the purchase of i) the new fleet of modern rear loaded solid waste vehicles and solid waste containers. In addition, the project aims to support municipalities in enhancement of public awareness on sanitary handling of solid waste through Stakeholder Participation Programme ("SPP") and to support Municipal Development Fund ("MDF") in implementation of Environmental and Social Action Plan (ESAP) in order to enhance environmental, social and occupational health and safety measures in the municipalities of GeorgiaEuropean Bank for Reconstruction and DevelopmentGEORGIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTBILISI41.69411 44.8336810000000GEORGIA SOVEREIGN3933546.1GEORGIA SOVEREIGN1325365.6GEORGIA SOVEREIGN2604877.2GEORGIA SOVEREIGN1809949.5GEORGIA SOVEREIGN142999GEORGIA SOVEREIGN8030.75GEORGIA SOVEREIGN175231.85GEORGIA SOVEREIGNSTATESTATESTATESTATEA sovereign loan of € 10.0 million to Georgia ("Borrower"), on-lent to the Municipal Development Fund of Georgia ("MDFG," "MDF" or "Company"), a state owned agency for implementation and monitoring of infrastructure projects under the Ministry of Regional Development and Infrastructure. MDF, in turn, concluded transfer agreements with 66 participating municipalities, the beneficiaries. The sovereign loan was co-financed by a capital grant of € 2.0 million from the Bank's Shareholder Special Fund ("SSF"). The proceeds of the loan and the grant financed acquisition of a new fleet of solid waste collection vehicles as well solid waste containers that have been distributed among 66 participating municipalities. The primary project objective is to improve and modernise solid waste management in the Country through the purchase of i) the new fleet of modern rear loaded solid waste vehicles and solid waste containers. In addition, the project aims to support municipalities in enhancement of public awareness on sanitary handling of solid waste through Stakeholder Participation Programme ("SPP") and to support Municipal Development Fund ("MDF") in implementation of Environmental and Social Action Plan (ESAP) in order to enhance environmental, social and occupational health and safety measures in the municipalities of Georgia For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48098XI-IATI-EBRD-51181European Bank for Reconstruction and DevelopmentThe Project comprises construction of a new pet food plant in Lithuania and its subsequent expansion in 2022-2023. The Project will support Kormotech Group's strategy to expand its export operations and georgaphical diversification.European Bank for Reconstruction and DevelopmentKORMOTECH UABEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGVILNIUS54.68916 25.279815000000KORMOTECH UABPRIVATEPRIVATEPRIVATEThe Project comprises construction of a new pet food plant in Lithuania and its subsequent expansion in 2022-2023. The Project will support Kormotech Group's strategy to expand its export operations and georgaphical diversification. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51181XI-IATI-EBRD-55212European Bank for Reconstruction and DevelopmentProvision of a senior secured loan of up to EUR 150 million in favour of AFI Europe N.V. (the "Company"), a limited liability company incorporated in the Netherlands, to finance the expansion of its modern yielding portfolio of commercial properties across the CEE region, including in Serbia, Poland, Romania and the Czech Republic (the "Project"). The operation will enable the Company to expand its portfolio of modern residential for rent, office and hospitality properties across the Central and Eastern Europe region, including introducing residential for rent into new markets such as Serbia and Romania.European Bank for Reconstruction and DevelopmentAFI EUROPE NVEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRAGUE50.08804 14.42076WARSAW52.22977 21.01178BUCHAREST44.43225 26.10626BELGRADE44.80401 20.4651334000000120000000AFI EUROPE NVPRIVATEPRIVATEPRIVATEProvision of a senior secured loan of up to EUR 150 million in favour of AFI Europe N.V. (the "Company"), a limited liability company incorporated in the Netherlands, to finance the expansion of its modern yielding portfolio of commercial properties across the CEE region, including in Serbia, Poland, Romania and the Czech Republic (the "Project"). The operation will enable the Company to expand its portfolio of modern residential for rent, office and hospitality properties across the Central and Eastern Europe region, including introducing residential for rent into new markets such as Serbia and Romania. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55212XI-IATI-EBRD-52476European Bank for Reconstruction and DevelopmentA four-year amortising senior unsecured loan of up to €25 million equivalent to be provided to LLC "OTP Leasing" for on-lending to eligible MSMEs under SME Competitiveness Programme in Eastern Partnership. The loan will be available for disbursement as a synthetic UAH and/or euro-denominated facility. In addition to long-term financing, eligible sub-borrowers will receive technical assistance funded by the European Union and grant support in the form of investment incentives upon the completion of their investment projects. The project will enable the company to finance long-term investments of Ukrainian MSMEs in upgrading their technology and equipment necessary to meet EU standards in terms of product quality, health and safety measures and environmental preservation. At least 80 per cent of all financed sub-leases are expected to be compliant with EBRD Green Economy Transition (GET) approach.European Bank for Reconstruction and DevelopmentOTP LEASING LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.523818426518.4OTP LEASING LLCPRIVATEPRIVATEPRIVATEA four-year amortising senior unsecured loan of up to €25 million equivalent to be provided to LLC "OTP Leasing" for on-lending to eligible MSMEs under SME Competitiveness Programme in Eastern Partnership. The loan will be available for disbursement as a synthetic UAH and/or euro-denominated facility. In addition to long-term financing, eligible sub-borrowers will receive technical assistance funded by the European Union and grant support in the form of investment incentives upon the completion of their investment projects. The project will enable the company to finance long-term investments of Ukrainian MSMEs in upgrading their technology and equipment necessary to meet EU standards in terms of product quality, health and safety measures and environmental preservation. At least 80 per cent of all financed sub-leases are expected to be compliant with EBRD Green Economy Transition (GET) approach. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52476XI-IATI-EBRD-48275European Bank for Reconstruction and DevelopmentThe provision of a senior loan to Javna Razsvetljava d.d. (the Company or Javna), a street lighting and energy services company (ESCO) engaged in the design, financing, installation, operation and maintenance of street, traffic, architectural, stadium, and tunnel lighting systems for Slovenian and Croatian municipalities. The Company is wholly owned by Enlux d.d., a Slovenian limited liability company. The proceeds of the loan will be used to refinance short-term loans incurred in order to finance street lighting Energy Performance Contracts (EnPCs) with nine municipalities in Slovenia, as well as to finance new contracts the Company may enter into. Restructuring of the balance sheet of the Company by aligning the tenor of debt to the payback period of energy efficiency investments. This will enable the Company to undertake new projects and expand the market for street lighting with municipalities through new EnPCs.European Bank for Reconstruction and DevelopmentJAVNA RAZSVETLJAVA DDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGLJUBLJANA46.05108 14.505135500000JAVNA RAZSVETLJAVA DDPRIVATEPRIVATEPRIVATEThe provision of a senior loan to Javna Razsvetljava d.d. (the Company or Javna), a street lighting and energy services company (ESCO) engaged in the design, financing, installation, operation and maintenance of street, traffic, architectural, stadium, and tunnel lighting systems for Slovenian and Croatian municipalities. The Company is wholly owned by Enlux d.d., a Slovenian limited liability company. The proceeds of the loan will be used to refinance short-term loans incurred in order to finance street lighting Energy Performance Contracts (EnPCs) with nine municipalities in Slovenia, as well as to finance new contracts the Company may enter into. Restructuring of the balance sheet of the Company by aligning the tenor of debt to the payback period of energy efficiency investments. This will enable the Company to undertake new projects and expand the market for street lighting with municipalities through new EnPCs. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48275XI-IATI-EBRD-56152European Bank for Reconstruction and DevelopmentUp to EUR 270 million revolving credit facility to National Joint Stock Company "Naftogaz of Ukraine" (the "Company", or "NAK"). The proposed transaction will support Ukraine's energy security through financing of emergency gas purchases over the next two heating seasons. The loan will be backed by Ukraine's sovereign guarantee. The Bank's financing will be complemented by a EUR 138.4 million Norway grant through the EBRD Crisis Response Special Fund. The strategic importance of the transaction is driven by the energy security objective to ensure uninterrupted gas supply in Ukraine and safeguard vital access to energy for people and communities due to challenges imposed by the war on Ukraine.European Bank for Reconstruction and DevelopmentNAFTOGAZ OF UKRAINE PJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.5238269999997270000000NAFTOGAZ OF UKRAINE PJSC6276384NAFTOGAZ OF UKRAINE PJSC38599464NAFTOGAZ OF UKRAINE PJSC19323168NAFTOGAZ OF UKRAINE PJSC49062748.8NAFTOGAZ OF UKRAINE PJSC25990896NAFTOGAZ OF UKRAINE PJSC71523696NAFTOGAZ OF UKRAINE PJSC13328313.6NAFTOGAZ OF UKRAINE PJSC16702800NAFTOGAZ OF UKRAINE PJSC13356288NAFTOGAZ OF UKRAINE PJSC9523200NAFTOGAZ OF UKRAINE PJSC3133728NAFTOGAZ OF UKRAINE PJSC3032640NAFTOGAZ OF UKRAINE PJSC3NAFTOGAZ OF UKRAINE PJSCSTATESTATESTATESTATEUp to EUR 270 million revolving credit facility to National Joint Stock Company "Naftogaz of Ukraine" (the "Company", or "NAK"). The proposed transaction will support Ukraine's energy security through financing of emergency gas purchases over the next two heating seasons. The loan will be backed by Ukraine's sovereign guarantee. The Bank's financing will be complemented by a EUR 138.4 million Norway grant through the EBRD Crisis Response Special Fund. The strategic importance of the transaction is driven by the energy security objective to ensure uninterrupted gas supply in Ukraine and safeguard vital access to energy for people and communities due to challenges imposed by the war on Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56152XI-IATI-EBRD-53677European Bank for Reconstruction and DevelopmentProvision of a two-year senior unsecured loan of up to EUR 35 million to MAIB under the Resilience and Livelihoods Framework for on-lending to eligible companies in Moldova directly or indirectly affected by economic consequences of the war in Ukraine. The Facility will support Moldovan economy by enhancing MAIB's lending capacity and providing much needed access to finance for Moldovan companies negatively affected by economic consequences of the war in Ukraine through supply-chain disruptions and other shocks, with the ultimate goal of preserving livelihoods in the country.European Bank for Reconstruction and DevelopmentBC MAIB SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCHISINAU47.00556 28.857535000000BC MAIB SAPRIVATEPRIVATEPRIVATEProvision of a two-year senior unsecured loan of up to EUR 35 million to MAIB under the Resilience and Livelihoods Framework for on-lending to eligible companies in Moldova directly or indirectly affected by economic consequences of the war in Ukraine. The Facility will support Moldovan economy by enhancing MAIB's lending capacity and providing much needed access to finance for Moldovan companies negatively affected by economic consequences of the war in Ukraine through supply-chain disruptions and other shocks, with the ultimate goal of preserving livelihoods in the country. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53677XI-IATI-EBRD-48704European Bank for Reconstruction and DevelopmentAn additional equity investment of EUR 9.6 million for the purchase of existing shares of Nova Ljubljanska banka d.d. ("NLB") in Slovenia, increasing the total EBRD investment in the Project to up to EUR 74 million. The original EBRD investment of EUR 64.4 million was made on 9 November 2018. The Project supported an important privatisation in Slovenia, in response to the commitment of the Republic of Slovenia undertaken as part of the restructuring plan of NLB agreed with the European Commission in 2013 when the state aid contribution was approved, as later amended.European Bank for Reconstruction and DevelopmentNOVA LJUBLJANSKA BANKA DDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGLJUBLJANA46.05108 14.5051359165000NOVA LJUBLJANSKA BANKA DDPRIVATEPRIVATEPRIVATEAn additional equity investment of EUR 9.6 million for the purchase of existing shares of Nova Ljubljanska banka d.d. ("NLB") in Slovenia, increasing the total EBRD investment in the Project to up to EUR 74 million. The original EBRD investment of EUR 64.4 million was made on 9 November 2018. The Project supported an important privatisation in Slovenia, in response to the commitment of the Republic of Slovenia undertaken as part of the restructuring plan of NLB agreed with the European Commission in 2013 when the state aid contribution was approved, as later amended. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48704XI-IATI-EBRD-51317European Bank for Reconstruction and DevelopmentProvision of a senior loan to Vodovod i Kanalizacija d.o.o. Split (the "client"), a municipal company incorporated in Croatia providing water and wastewater services in the city of Split and the surrounding 3 cities and 9 municipalities for: (i) construction of a water purification plant in Split; and (ii) upgrade, construction and reconstruction of a system for improving water supply, collection of wastewater and its treatment in the Split-Solin and Kastela-Trogir agglomerations. The latter investments will be co-financed alongside EU-Cohesion Funds (around 70%) and nationally. Total project costs are estimated at EUR 358 million, of which the EBRD is envisaged to finance up to EUR 30 million. The project is envisaged as part of the Green Cities Framework 2 ("GrCF2"). The facility is designed to serve as a sector-wide catalyst for addressing environmental challenges at city level. The loan proceeds will support: (i) construction of a state-of-the-art water purification plant at Jadro river, which will ensure full compliance with EU directives on water quality; and (ii) rehabilitation and upgrade of the water and wastewater network in the Split-Solin and Kastela-Trogir agglomerations. Works related to the agglomerations projects will include the construction of around 120 km new water pipes, the reconstruction of 70 km of existing water network, the construction of 310 km of new wastewater pipes, the construction of new pumping stations water storage tanks, the construction of 1 wastewater treatment plant ("WWTP") and the upgrade of two WWTPs from first to second grade of treatment.European Bank for Reconstruction and DevelopmentWATER AND SEWAGE COMPANY OF THE CITY OF SPLITEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSPLIT43.50891 16.439152000000020000000WATER AND SEWAGE COMPANY OF THE CITY OF SPLITSTATESTATESTATESTATEProvision of a senior loan to Vodovod i Kanalizacija d.o.o. Split (the "client"), a municipal company incorporated in Croatia providing water and wastewater services in the city of Split and the surrounding 3 cities and 9 municipalities for: (i) construction of a water purification plant in Split; and (ii) upgrade, construction and reconstruction of a system for improving water supply, collection of wastewater and its treatment in the Split-Solin and Kastela-Trogir agglomerations. The latter investments will be co-financed alongside EU-Cohesion Funds (around 70%) and nationally. Total project costs are estimated at EUR 358 million, of which the EBRD is envisaged to finance up to EUR 30 million. The project is envisaged as part of the Green Cities Framework 2 ("GrCF2"). The facility is designed to serve as a sector-wide catalyst for addressing environmental challenges at city level. The loan proceeds will support: (i) construction of a state-of-the-art water purification plant at Jadro river, which will ensure full compliance with EU directives on water quality; and (ii) rehabilitation and upgrade of the water and wastewater network in the Split-Solin and Kastela-Trogir agglomerations. Works related to the agglomerations projects will include the construction of around 120 km new water pipes, the reconstruction of 70 km of existing water network, the construction of 310 km of new wastewater pipes, the construction of new pumping stations water storage tanks, the construction of 1 wastewater treatment plant ("WWTP") and the upgrade of two WWTPs from first to second grade of treatment. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51317XI-IATI-EBRD-54797European Bank for Reconstruction and DevelopmentParticipation in the amount of EUR 20 million in the 7-year tranche of NORMA Group SE's ESG-linked Schuldschein issuance. The Project will support direct green investments in Serbia, Poland and the Czech Republic.European Bank for Reconstruction and DevelopmentNORMA GROUP SEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRAGUE50.08804 14.42076WARSAW52.22977 21.01178BELGRADE44.80401 20.4651320000000NORMA GROUP SEPRIVATEPRIVATEPRIVATEParticipation in the amount of EUR 20 million in the 7-year tranche of NORMA Group SE's ESG-linked Schuldschein issuance. The Project will support direct green investments in Serbia, Poland and the Czech Republic. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54797XI-IATI-EBRD-56517European Bank for Reconstruction and DevelopmentParticipation of up to EUR 25 million in the 6-year tranche of the ESG-linked Schuldschein issuance by PUMA SE. The EBRD proceeds will finance growth and maintenance capex related to opening of new, as well as maintaining the existing PUMA-managed retail stores and outlets, offices and showrooms in Ukraine, Türkiye, Romania, Poland and Hungary.European Bank for Reconstruction and DevelopmentPUMA SEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUDAPEST47.49835 19.04045WARSAW52.22977 21.01178BUCHAREST44.43225 26.10626ANKARA39.91987 32.85427KYIV50.45466 30.523825000000PUMA SEPRIVATEPRIVATEPRIVATEParticipation of up to EUR 25 million in the 6-year tranche of the ESG-linked Schuldschein issuance by PUMA SE. The EBRD proceeds will finance growth and maintenance capex related to opening of new, as well as maintaining the existing PUMA-managed retail stores and outlets, offices and showrooms in Ukraine, Türkiye, Romania, Poland and Hungary. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56517XI-IATI-EBRD-56257European Bank for Reconstruction and DevelopmentA long-term senior loan of up to EUR 75 million to PJSC "Ukrhydroenergo" (the "Company" or "UHE"). The loan is expected to be supplemented by up to EUR 20 million of investment grants from international donors, subject to availability. The loan and grants, if available, will finance the supply of critical equipment, including the emergency reserve stock of electrical equipment, for selected hydro power plants (HPPs) operated by UHE and the consultancy services for the purposes of project implementation (the "Project"). The Project is expected to benefit from a partial EU guarantee under its Ukraine Investment Framework. The implementation of the Project will enhance Ukraine's energy security by financing the replacement of the damaged and worn-out critical equipment within selected hydro power plants, leading to notable increase in their operational efficiency and green energy production volumes. Successful completion of the Project will result, inter alia, in production of c. 223 GWh of renewable energy per year, reducing Ukraine's reliance on electricity import and strengthening the energy system's ability to absorb high peak demand. The Project will complement the Bank's other recent activities in the energy sector aimed at maintaining stable functioning of the Ukraine's energy system during the war as well as the Bank's existing engagements with UHE.European Bank for Reconstruction and DevelopmentUKRHYDROENERGO PJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGVYSHHOROD50.58476 30.48987500000075000000UKRHYDROENERGO PJSCSTATESTATESTATESTATEA long-term senior loan of up to EUR 75 million to PJSC "Ukrhydroenergo" (the "Company" or "UHE"). The loan is expected to be supplemented by up to EUR 20 million of investment grants from international donors, subject to availability. The loan and grants, if available, will finance the supply of critical equipment, including the emergency reserve stock of electrical equipment, for selected hydro power plants (HPPs) operated by UHE and the consultancy services for the purposes of project implementation (the "Project"). The Project is expected to benefit from a partial EU guarantee under its Ukraine Investment Framework. The implementation of the Project will enhance Ukraine's energy security by financing the replacement of the damaged and worn-out critical equipment within selected hydro power plants, leading to notable increase in their operational efficiency and green energy production volumes. Successful completion of the Project will result, inter alia, in production of c. 223 GWh of renewable energy per year, reducing Ukraine's reliance on electricity import and strengthening the energy system's ability to absorb high peak demand. The Project will complement the Bank's other recent activities in the energy sector aimed at maintaining stable functioning of the Ukraine's energy system during the war as well as the Bank's existing engagements with UHE. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56257XI-IATI-EBRD-50658European Bank for Reconstruction and DevelopmentOn 13th March 2019, EBRD approved investments in a series of EUR-denominated mortgage covered bonds to be issued by Tatra banka, a.s. ("Tatra") under the EBRD Covered Bond Framework II for Slovakia. On 24th June 2019, EBRD subscribed EUR 25 million to the EUR 250 million covered bond issued by Tatra with 7-year tenor. 60% of the proceeds were to be directed to green sub-projects in line with EBRD Green Economy Transition ("GET") criteria. On 25th January 2023, EBRD subscribed EUR 40 million to the EUR 500 million covered bond issued by Tatra with 3-year tenor. 100% of the proceeds are to be directed to green sub-projects in line with EBRD GET criteria. On 2nd Octoher 2024, EBRD subscribed EUR 19 million to the EUR 500 million covered bond issued by Tatra with 4-year tenor. 100% of the proceeds are to be directed to green sub-projects in line with EBRD GET criteria. All bonds are listed on Bratislava Stock Exchange. The project seeks to support a systematically important bank to strengthen its resilience, diversify funding sources and enhance asset-liability profile. The project also contributes to capital market development by enabling continued issuances of covered bonds in Slovakia. The project strongly supports the green agenda in Slovakia with Tatra committing since 2019 to allocate 60%, and since 2022 100% of EBRD's participation to financing green projects in line with EBRD's GET requirements.European Bank for Reconstruction and DevelopmentTATRA BANKA ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBRATISLAVA48.14816 17.1067484000000TATRA BANKA ASPRIVATEPRIVATEPRIVATEOn 13th March 2019, EBRD approved investments in a series of EUR-denominated mortgage covered bonds to be issued by Tatra banka, a.s. ("Tatra") under the EBRD Covered Bond Framework II for Slovakia. On 24th June 2019, EBRD subscribed EUR 25 million to the EUR 250 million covered bond issued by Tatra with 7-year tenor. 60% of the proceeds were to be directed to green sub-projects in line with EBRD Green Economy Transition ("GET") criteria. On 25th January 2023, EBRD subscribed EUR 40 million to the EUR 500 million covered bond issued by Tatra with 3-year tenor. 100% of the proceeds are to be directed to green sub-projects in line with EBRD GET criteria. On 2nd Octoher 2024, EBRD subscribed EUR 19 million to the EUR 500 million covered bond issued by Tatra with 4-year tenor. 100% of the proceeds are to be directed to green sub-projects in line with EBRD GET criteria. All bonds are listed on Bratislava Stock Exchange. The project seeks to support a systematically important bank to strengthen its resilience, diversify funding sources and enhance asset-liability profile. The project also contributes to capital market development by enabling continued issuances of covered bonds in Slovakia. The project strongly supports the green agenda in Slovakia with Tatra committing since 2019 to allocate 60%, and since 2022 100% of EBRD's participation to financing green projects in line with EBRD's GET requirements. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50658XI-IATI-EBRD-51677European Bank for Reconstruction and DevelopmentProvision of a senior loan to finance the acquisition and operation of a 58 MW portfolio of onshore windfarm in Rzepin, Poland (the "project"). The borrower will be special purpose company owning the wind farm QWP Rzepin Sp. z o o (the "Borrower"). The project will contribute to climate mitigation by adding wind generation capacity to the national energy system, increasing the share of renewable energy generation in Poland. In addition, the project will support the entry of a new player in the Polish renewable energy market.European Bank for Reconstruction and DevelopmentQWP RZEPIN SP ZOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.011781821818.2620530239.86QWP RZEPIN SP ZOOPRIVATEPRIVATEPRIVATEProvision of a senior loan to finance the acquisition and operation of a 58 MW portfolio of onshore windfarm in Rzepin, Poland (the "project"). The borrower will be special purpose company owning the wind farm QWP Rzepin Sp. z o o (the "Borrower"). The project will contribute to climate mitigation by adding wind generation capacity to the national energy system, increasing the share of renewable energy generation in Poland. In addition, the project will support the entry of a new player in the Polish renewable energy market. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51677XI-IATI-EBRD-47316European Bank for Reconstruction and DevelopmentThe EBRD is making an equity investment in JSC Raiffeisen Bank Aval (RBA), Ukraine's second-largest western-owned bank, to achieve a significant minority shareholding. The proposed project alongside the planned capital contribution by the parent - Raiffeisen Bank International (RBI) - will support the RBAis development strategy and send a strong positive signal to the market during the period of severe political and economic crisis in Ukraine. It will be an important contribution to the recapitalisation of the banking system and will support one of the major international banking groups active in the country.European Bank for Reconstruction and DevelopmentRAIFFEISEN BANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.523862020589.73RAIFFEISEN BANK JSCPRIVATEPRIVATEPRIVATEThe EBRD is making an equity investment in JSC Raiffeisen Bank Aval (RBA), Ukraine's second-largest western-owned bank, to achieve a significant minority shareholding. The proposed project alongside the planned capital contribution by the parent - Raiffeisen Bank International (RBI) - will support the RBAis development strategy and send a strong positive signal to the market during the period of severe political and economic crisis in Ukraine. It will be an important contribution to the recapitalisation of the banking system and will support one of the major international banking groups active in the country. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47316XI-IATI-EBRD-52989European Bank for Reconstruction and DevelopmentEUR 55 million credit protection to Santander Leasing S.A. ("SL"), the leasing subsidiary of Santander Bank Polska S.A. ("SBP") incorporated in Poland, via participation in a synthetic securitisation of a portfolio of circa EUR 515 million performing SME and corporate leasing and loan obligations, originated by SL. The structure uses an unfunded guarantee, passing on to EBRD the credit risk of the mezzanine tranche of the securitised portfolio. The project will allow SBP group to further enhance its financial resilience and ultimately expand its lending capacity to the real economy. SBP group commits to provide new financing to Polish SMEs and mid-caps in the amount of 4 times of EBRD's protection, out of which an amount equivalent to 140% of EBRD guarantee will be allocated to GET eligible projects, contributing to climate action and environmental sustainability.European Bank for Reconstruction and DevelopmentSANTANDER LEASING SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPOZNAN52.40692 16.9299355023462.7655023462.76SANTANDER LEASING SAPRIVATEPRIVATEPRIVATEEUR 55 million credit protection to Santander Leasing S.A. ("SL"), the leasing subsidiary of Santander Bank Polska S.A. ("SBP") incorporated in Poland, via participation in a synthetic securitisation of a portfolio of circa EUR 515 million performing SME and corporate leasing and loan obligations, originated by SL. The structure uses an unfunded guarantee, passing on to EBRD the credit risk of the mezzanine tranche of the securitised portfolio. The project will allow SBP group to further enhance its financial resilience and ultimately expand its lending capacity to the real economy. SBP group commits to provide new financing to Polish SMEs and mid-caps in the amount of 4 times of EBRD's protection, out of which an amount equivalent to 140% of EBRD guarantee will be allocated to GET eligible projects, contributing to climate action and environmental sustainability. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52989XI-IATI-EBRD-55375European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 25 million or its USD equivalent, with up to 3-year final maturity, to finance digital transformation investments of the Turkish manufacturing SMEs under the Digital Transformation Financing Facility ("DTFF" or "Programme"), a blended programme established under the Financial Intermediaries Framework ("FIF"). The DTFF Programme tackles significant obstacles faced by SMEs preventing most of them from growing and becoming more competitive, such as lack of capacity to handle, sort and prioritize, adopt best industry practices, relevant industry standards and pursue innovation in various strategic and operation areas of their activities. DTFF aims to spread the use of digital technologies among Turkish SMEs through promoting and financing digital transformation to significantly boost their competitiveness. The DTFF Programme will be implemented in close cooperation with KOSGEB, which will engage Digital Transformation (DT) Consultants to conduct digital maturity assessments and develop DT actions plans (DT Roadmaps) for eligible SMEs. These action plans will aim to improve SMEs' productivity and efficiency through implementation of new and improved technologies. KOSGEB is also committed to provide interest rate rebates on sub-loans disbursed under the DTFF to incentivize SMEs participating in the Programme. The rebates will be administered directly by KOSGEB to SMEs, without involvement of partner banks and the EBRD. The operation is also aligned with the second priority of Türkiye Country Strategy 2019-2024, approved by the Board on 24 July 2019: "Foster Turkiye's Knowledge Economy and Higher Value-Added Activities, and Promote Good Governance". It is also aligned to the Small Business Initiative (BDS15-050). Finally, the project is consistent with the Bank's Strategy for the Promotion of Gender Equality (BDS21-133 (Rev 1)) and the Equality of Opportunity Strategy ((2021-2025) BDS21-134 (Rev 1)) as it fosters people access to digital technologies and aims to address the disproportionate barriers faced by women entrepreneurs.European Bank for Reconstruction and DevelopmentDENIZBANK ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496625000000DENIZBANK ASPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 25 million or its USD equivalent, with up to 3-year final maturity, to finance digital transformation investments of the Turkish manufacturing SMEs under the Digital Transformation Financing Facility ("DTFF" or "Programme"), a blended programme established under the Financial Intermediaries Framework ("FIF"). The DTFF Programme tackles significant obstacles faced by SMEs preventing most of them from growing and becoming more competitive, such as lack of capacity to handle, sort and prioritize, adopt best industry practices, relevant industry standards and pursue innovation in various strategic and operation areas of their activities. DTFF aims to spread the use of digital technologies among Turkish SMEs through promoting and financing digital transformation to significantly boost their competitiveness. The DTFF Programme will be implemented in close cooperation with KOSGEB, which will engage Digital Transformation (DT) Consultants to conduct digital maturity assessments and develop DT actions plans (DT Roadmaps) for eligible SMEs. These action plans will aim to improve SMEs' productivity and efficiency through implementation of new and improved technologies. KOSGEB is also committed to provide interest rate rebates on sub-loans disbursed under the DTFF to incentivize SMEs participating in the Programme. The rebates will be administered directly by KOSGEB to SMEs, without involvement of partner banks and the EBRD. The operation is also aligned with the second priority of Türkiye Country Strategy 2019-2024, approved by the Board on 24 July 2019: "Foster Turkiye's Knowledge Economy and Higher Value-Added Activities, and Promote Good Governance". It is also aligned to the Small Business Initiative (BDS15-050). Finally, the project is consistent with the Bank's Strategy for the Promotion of Gender Equality (BDS21-133 (Rev 1)) and the Equality of Opportunity Strategy ((2021-2025) BDS21-134 (Rev 1)) as it fosters people access to digital technologies and aims to address the disproportionate barriers faced by women entrepreneurs. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55375XI-IATI-EBRD-55227European Bank for Reconstruction and DevelopmentAn equity investment of up to EUR 10 million in favour of Movens Fund 2 SCA SICAV RAIF (the "Fund"), targeting technology driven companies principally in Poland as well as selected other Central and Eastern European countries (the "Target Region"). The project will form part of the Bank's Early-Stage Innovation Facility II ("ESIF II"), a EUR 200 million facility through which the EBRD selectively invests in commercially-oriented early-stage venture capital funds. The Fund will make equity and quasi-equity investments in innovative technology driven companies principally in Poland as well as selected other Central and Eastern European countries.European Bank for Reconstruction and DevelopmentMOVENS FUND 2 SCA SICAV RAIFEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRAGUE50.08804 14.42076TALLINN59.43696 24.75353VILNIUS54.68916 25.2798RIGA56.946 24.10589WARSAW52.22977 21.01178BUCHAREST44.43225 26.10626BRATISLAVA48.14816 17.10674KYIV50.45466 30.52387394860.5510000000MOVENS FUND 2 SCA SICAV RAIFPRIVATEPRIVATEPRIVATEAn equity investment of up to EUR 10 million in favour of Movens Fund 2 SCA SICAV RAIF (the "Fund"), targeting technology driven companies principally in Poland as well as selected other Central and Eastern European countries (the "Target Region"). The project will form part of the Bank's Early-Stage Innovation Facility II ("ESIF II"), a EUR 200 million facility through which the EBRD selectively invests in commercially-oriented early-stage venture capital funds. The Fund will make equity and quasi-equity investments in innovative technology driven companies principally in Poland as well as selected other Central and Eastern European countries. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55227XI-IATI-EBRD-53087European Bank for Reconstruction and DevelopmentIn November 2022, the EBRD invested EUR 21 million in senior preferred bonds placed by Siauliu Bankas AB ("SB") as part of EUR 85 million tap issuance on the existing senior preferred bonds listed on the AB NASDAQ Vilnius Stock Exchange. The bonds have a 3-year remaining maturity with a call option in 2-year time. In June 2023, the EBRD invested EUR 10 million in subordinated Tier 2 notes issued by SB. This was SB's inaugural Tier 2 placement and first public subordinated issuance in the Lithuanian market. The bond has a 10-year maturity with a call option after 5-year time and is listed on the AB NASDAQ Vilnius Stock Exchange. In November 2023, the EBRD invested EUR 12 million in senior preferred bonds placed by SB as part of EUR 50 million tap issuance on the existing senior preferred bonds listed on the AB NASDAQ Vilnius Stock Exchange. The bonds have a 2-year maturity with a call option in 1-year time. The total EBRD investment amounts to EUR 43 million. The project supports the resilience and regulatory compliance of a systemically important institution in Lithuania and contributes to the capital market development of the country. The project also delivers on the Bank's green agenda and national green economy priorities for Lithuania.European Bank for Reconstruction and DevelopmentARTEA BANKAS ABEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSIAULIAI55.93333 23.3166743000000ARTEA BANKAS ABPRIVATEPRIVATEPRIVATEIn November 2022, the EBRD invested EUR 21 million in senior preferred bonds placed by Siauliu Bankas AB ("SB") as part of EUR 85 million tap issuance on the existing senior preferred bonds listed on the AB NASDAQ Vilnius Stock Exchange. The bonds have a 3-year remaining maturity with a call option in 2-year time. In June 2023, the EBRD invested EUR 10 million in subordinated Tier 2 notes issued by SB. This was SB's inaugural Tier 2 placement and first public subordinated issuance in the Lithuanian market. The bond has a 10-year maturity with a call option after 5-year time and is listed on the AB NASDAQ Vilnius Stock Exchange. In November 2023, the EBRD invested EUR 12 million in senior preferred bonds placed by SB as part of EUR 50 million tap issuance on the existing senior preferred bonds listed on the AB NASDAQ Vilnius Stock Exchange. The bonds have a 2-year maturity with a call option in 1-year time. The total EBRD investment amounts to EUR 43 million. The project supports the resilience and regulatory compliance of a systemically important institution in Lithuania and contributes to the capital market development of the country. The project also delivers on the Bank's green agenda and national green economy priorities for Lithuania. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53087XI-IATI-EBRD-47748European Bank for Reconstruction and DevelopmentAn A/B loan of EUR 100 million to Hrvatska Elektroprivreda d.d. (HEP), Croatia's national energy company. The EBRD's portion of the proposed syndicated loan will be up to EUR 50 million. Proceeds of the loan will be used to finance the construction of a new gas fired combined heat and power (CHP) unit based on best available technique for a gas turbine cogeneration scheme on the site of the existing combined-cycle power plant EL-TO in Zagreb. The new unit will be in line with the requirements promoted by the EU Industrial Emissions Directive (IED) and the EBRD's energy strategy. The new CHP will partially replace some of the old and inefficient units at EL-TO, which also have a poor environmental performance and do not comply with the IED directive, which will become mandatory for all EL-TO units on 1 January 2018. The new unit will be built under an engineering procurement construction contract with a qualified contractor and equipment supplier. The existing EL-TO plant is the crucial provider for district heating in Zagreb, serving almost 80,000 households and a significant number of commercial customers in the western part of the city. The construction of the new CHP unit will ensure the security of electricity, district heating and industrial steam supply for a significant portion of Croatia's capital. The loan proceeds will predominantly be used for the financing of construction works and the installation of the required equipment, all of which will be procured under the EBRD's procurement policies and rules. In order to secure the adequate implementation of the project, the Bank will require the establishment of a project implementation unit by the Borrower, which will be responsible for the timely implementation of the investment. The lender's supervisor will be required to approve all invoices prior to the disbursement of the EBRD loan proceeds.European Bank for Reconstruction and DevelopmentHRVATSKA ELEKTROPRIVREDA DDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGZAGREB45.81444 15.977985167410.0543500000HRVATSKA ELEKTROPRIVREDA DD3466560.73HRVATSKA ELEKTROPRIVREDA DD12588168.21HRVATSKA ELEKTROPRIVREDA DD3196858.64HRVATSKA ELEKTROPRIVREDA DD3143385.3HRVATSKA ELEKTROPRIVREDA DD2695357.3HRVATSKA ELEKTROPRIVREDA DD3107400.87HRVATSKA ELEKTROPRIVREDA DD3972360.64HRVATSKA ELEKTROPRIVREDA DD3659729.55HRVATSKA ELEKTROPRIVREDA DD1357539.14HRVATSKA ELEKTROPRIVREDA DD1145229.57HRVATSKA ELEKTROPRIVREDA DDSTATESTATESTATESTATEAn A/B loan of EUR 100 million to Hrvatska Elektroprivreda d.d. (HEP), Croatia's national energy company. The EBRD's portion of the proposed syndicated loan will be up to EUR 50 million. Proceeds of the loan will be used to finance the construction of a new gas fired combined heat and power (CHP) unit based on best available technique for a gas turbine cogeneration scheme on the site of the existing combined-cycle power plant EL-TO in Zagreb. The new unit will be in line with the requirements promoted by the EU Industrial Emissions Directive (IED) and the EBRD's energy strategy. The new CHP will partially replace some of the old and inefficient units at EL-TO, which also have a poor environmental performance and do not comply with the IED directive, which will become mandatory for all EL-TO units on 1 January 2018. The new unit will be built under an engineering procurement construction contract with a qualified contractor and equipment supplier. The existing EL-TO plant is the crucial provider for district heating in Zagreb, serving almost 80,000 households and a significant number of commercial customers in the western part of the city. The construction of the new CHP unit will ensure the security of electricity, district heating and industrial steam supply for a significant portion of Croatia's capital. The loan proceeds will predominantly be used for the financing of construction works and the installation of the required equipment, all of which will be procured under the EBRD's procurement policies and rules. In order to secure the adequate implementation of the project, the Bank will require the establishment of a project implementation unit by the Borrower, which will be responsible for the timely implementation of the investment. The lender's supervisor will be required to approve all invoices prior to the disbursement of the EBRD loan proceeds. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47748XI-IATI-EBRD-56419European Bank for Reconstruction and DevelopmentAn unfunded risk-sharing instrument partially covering the credit risk in newly originated subloans of Raiffeisen Bank JSC ("RBU", the "PFI") in Ukraine with the total value of EUR 200 million equivalent (the "Covered Portfolio"). The Project is provided under the EBRD's Resilience and Livelihoods Framework to finance broad working capital and investment needs of Ukrainian private businesses operating in key sectors supporting the livelihoods of Ukrainian businesses. Up to EUR 40 million of risk shared sub-loans will finance SMEs' long-term investments under the EU4Business-EBRD Credit Line with Incentives (within a dedicated sub-limit assigned with a separate EBRD project number 56420). This will enable financing of long-term capital investments of SMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of the sub-limit), thereby enhancing their competitiveness. Eligible sub-borrowers will also receive technical assistance funded by the EU and grant support in the form of investment incentives upon the completion of their investment projects. The Facility will support lending to Ukrainian companies operating in the primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in Ukraine.European Bank for Reconstruction and DevelopmentRAIFFEISEN BANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.52383000000030000000RAIFFEISEN BANK JSCPRIVATEPRIVATEPRIVATEAn unfunded risk-sharing instrument partially covering the credit risk in newly originated subloans of Raiffeisen Bank JSC ("RBU", the "PFI") in Ukraine with the total value of EUR 200 million equivalent (the "Covered Portfolio"). The Project is provided under the EBRD's Resilience and Livelihoods Framework to finance broad working capital and investment needs of Ukrainian private businesses operating in key sectors supporting the livelihoods of Ukrainian businesses. Up to EUR 40 million of risk shared sub-loans will finance SMEs' long-term investments under the EU4Business-EBRD Credit Line with Incentives (within a dedicated sub-limit assigned with a separate EBRD project number 56420). This will enable financing of long-term capital investments of SMEs to upgrade their technologies and equipment to EU standards, including investments in sustainable and green technologies (at least 70% of the sub-limit), thereby enhancing their competitiveness. Eligible sub-borrowers will also receive technical assistance funded by the EU and grant support in the form of investment incentives upon the completion of their investment projects. The Facility will support lending to Ukrainian companies operating in the primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56419XI-IATI-EBRD-47427European Bank for Reconstruction and DevelopmentAssist the city of Lida in reconstruction and modernisation of the wastewater treatment facilities. A sovereign loan of € 21 million, of which up to € 6 million will be allocated for the benefit of Unitary Enterprise Lida GUP JKH, a municipally owned company that provides water, wastewater, district heating and other socially important services in the city of Lida. The Loan will finance a Priority Investment Programme (the 'PIP') aimed at reconstruction and modernisation of the wastewater treatment facilities (the 'Project') to ensure compliance with the national and the EU standards and HELCOM recommendations for effluent quality treatment.European Bank for Reconstruction and DevelopmentBELARUS SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGMINSK53.9 27.566676000000BELARUS SOVEREIGN60000BELARUS SOVEREIGN83005.67BELARUS SOVEREIGN527614.97BELARUS SOVEREIGN161099.8BELARUS SOVEREIGN925170.47BELARUS SOVEREIGN102402.45BELARUS SOVEREIGN145017.67BELARUS SOVEREIGNSTATESTATESTATESTATEAssist the city of Lida in reconstruction and modernisation of the wastewater treatment facilities. A sovereign loan of € 21 million, of which up to € 6 million will be allocated for the benefit of Unitary Enterprise Lida GUP JKH, a municipally owned company that provides water, wastewater, district heating and other socially important services in the city of Lida. The Loan will finance a Priority Investment Programme (the 'PIP') aimed at reconstruction and modernisation of the wastewater treatment facilities (the 'Project') to ensure compliance with the national and the EU standards and HELCOM recommendations for effluent quality treatment. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47427XI-IATI-EBRD-56328European Bank for Reconstruction and DevelopmentA senior loan of up to EUR 10 million to support the City of Lviv via emergency liquidity financing for its key municipal utilities/operators who are existing clients of the Bank("Recipients") in order to mitigate the impact of the ongoing war on the City's financial position and its residents (the"Project" or the"Facility"). The expected Recipients of liquidity support are: i) Municipal Enterprise "Lvivelectrotrans", existing client under UPTF: Lviv Trolleybus (OpID 49844), ii) Communal Enterprise "Zelene Misto", existing client under GrCF: Lviv Solid Waste (OpID 49437), and iii) Communal Enterprise "Lvivvodokanal", existing client under Lviv Wastewater Biogas (OpID 45779). Due to war-related risks, the loan will benefit from a partial first loss risk cover under the EU Ukraine Investment Framework Municipal Infrastructure and Industrial Resilience ("EU UIF MIIR") Programme. The Bank's loan is intended to support the key municipal utilities and the public transport operator in 2025-2026 by addressing their critical liquidity needs. This support aims to ensure uninterrupted provision of essential public services in response to direct damage from the war, increased demand for services due to a substantial number of IDPs, and the City's diminishing liquidity. Without the Bank's support, due to the ongoing war and its impact on the local economy, forced displacement, and labour market instability, there is a significant risk of disruption to infrastructure services. This could affect the provision of infrastructure necessary for Lviv's economic stability and the City's private sector operations.European Bank for Reconstruction and DevelopmentCITY OF LVIVEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGLVIV49.83826 24.02324212560910000000CITY OF LVIV2000000CITY OF LVIV4616860CITY OF LVIV1257531CITY OF LVIVSTATESTATESTATESTATEA senior loan of up to EUR 10 million to support the City of Lviv via emergency liquidity financing for its key municipal utilities/operators who are existing clients of the Bank("Recipients") in order to mitigate the impact of the ongoing war on the City's financial position and its residents (the"Project" or the"Facility"). The expected Recipients of liquidity support are: i) Municipal Enterprise "Lvivelectrotrans", existing client under UPTF: Lviv Trolleybus (OpID 49844), ii) Communal Enterprise "Zelene Misto", existing client under GrCF: Lviv Solid Waste (OpID 49437), and iii) Communal Enterprise "Lvivvodokanal", existing client under Lviv Wastewater Biogas (OpID 45779). Due to war-related risks, the loan will benefit from a partial first loss risk cover under the EU Ukraine Investment Framework Municipal Infrastructure and Industrial Resilience ("EU UIF MIIR") Programme. The Bank's loan is intended to support the key municipal utilities and the public transport operator in 2025-2026 by addressing their critical liquidity needs. This support aims to ensure uninterrupted provision of essential public services in response to direct damage from the war, increased demand for services due to a substantial number of IDPs, and the City's diminishing liquidity. Without the Bank's support, due to the ongoing war and its impact on the local economy, forced displacement, and labour market instability, there is a significant risk of disruption to infrastructure services. This could affect the provision of infrastructure necessary for Lviv's economic stability and the City's private sector operations. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56328XI-IATI-EBRD-56808European Bank for Reconstruction and DevelopmentThe provision of a senior loan (the "Loan") of up to US$ 200 million to Ukraine based ArcelorMittal Kryviy Rih JSC (the "Company"), a joint stock company majority owned by ArcelorMittal Group ("AMG"). The Loan will be used for financing of working capital needs of the company to ensure the continuity of operations in Ukraine.European Bank for Reconstruction and DevelopmentARCELORMITTAL KRYVYI RIHEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKRYVYI RIH47.90966 33.3804487542677.06ARCELORMITTAL KRYVYI RIHPRIVATEPRIVATEPRIVATEThe provision of a senior loan (the "Loan") of up to US$ 200 million to Ukraine based ArcelorMittal Kryviy Rih JSC (the "Company"), a joint stock company majority owned by ArcelorMittal Group ("AMG"). The Loan will be used for financing of working capital needs of the company to ensure the continuity of operations in Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56808XI-IATI-EBRD-51494European Bank for Reconstruction and DevelopmentProvision of a sovereign loan of up to €3.8 million to the Republic of Belarus for the benefit of Derzhinsk Housing and Communal Services (the "Company") to finance the rehabilitation and reconstruction of wastewater treatment infrastructure in Fanipol (the "Project"). This is one out of seven subprojects under the Belarus Water Sector Framework, 3rd phase. Other subprojects are in Kletsk, Lyuban, Baranovichi, Bereza, Zhlobin, Shklov. The Project aims to enhance wastewater treatment quality to ensure compliance with the national and EU/HELCOM standards/recommendations for effluent quality treatment and reduction of air, soil, water pollution. The Project will facilitate the advancement of water and wastewater sector reform and improvement of the Company's operational and financial performance and capacity.European Bank for Reconstruction and DevelopmentBELARUS SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGMINSK53.9 27.566673840000BELARUS SOVEREIGN38400BELARUS SOVEREIGNSTATESTATESTATESTATEProvision of a sovereign loan of up to €3.8 million to the Republic of Belarus for the benefit of Derzhinsk Housing and Communal Services (the "Company") to finance the rehabilitation and reconstruction of wastewater treatment infrastructure in Fanipol (the "Project"). This is one out of seven subprojects under the Belarus Water Sector Framework, 3rd phase. Other subprojects are in Kletsk, Lyuban, Baranovichi, Bereza, Zhlobin, Shklov. The Project aims to enhance wastewater treatment quality to ensure compliance with the national and EU/HELCOM standards/recommendations for effluent quality treatment and reduction of air, soil, water pollution. The Project will facilitate the advancement of water and wastewater sector reform and improvement of the Company's operational and financial performance and capacity. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51494XI-IATI-EBRD-55690European Bank for Reconstruction and DevelopmentA senior sub-sovereign loan of up to EUR 16.0 million (the "Loan") to the Communal enterprise "Cherkasyelektrotrans", fully guaranteed by the City of Cherkasy (the "City" or the "Guarantor"). The Loan is also expected to be co-financed by an investment grant of up to EUR 4 million which is being sought from the EBRD Shareholder Special Fund (the "SSF"). Additionally, the Loan will benefit from partial first loss risk cover under the Ukraine Investment Framework Municipal Infrastructure and Industrial Resilience ("UIF MIIR") Programme. The Programme contributes to the green transition of Ukraine economy by supporting sustainable investments in green city infrastructure, greening logistics chains, energy efficiency and green technology transfers in industrial processes, commercial operations, and buildings. The Loan and the grant co-financing from the SSF will be used to finance: (i) expansion of the Company's operating fleet by financing the acquisition of new modern low-floor trolleybuses with autonomous drive, along with spare parts, maintenance and diagnostic equipment and (ii) modernisation of the related infrastructure including catenary network and the depot. The Bank's financing will enable the Company to extend and realign three trolleybus routes, improving the quality of transport services for the population and ensuring a sustainable public transport connection between different areas of the city. The autonomous trolleybuses will be the first of their kind in the city.European Bank for Reconstruction and DevelopmentCHERKASYELEKTROTRANS CEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCHERKASY49.42854 32.062071600000016000000CHERKASYELEKTROTRANS CESTATESTATESTATESTATEA senior sub-sovereign loan of up to EUR 16.0 million (the "Loan") to the Communal enterprise "Cherkasyelektrotrans", fully guaranteed by the City of Cherkasy (the "City" or the "Guarantor"). The Loan is also expected to be co-financed by an investment grant of up to EUR 4 million which is being sought from the EBRD Shareholder Special Fund (the "SSF"). Additionally, the Loan will benefit from partial first loss risk cover under the Ukraine Investment Framework Municipal Infrastructure and Industrial Resilience ("UIF MIIR") Programme. The Programme contributes to the green transition of Ukraine economy by supporting sustainable investments in green city infrastructure, greening logistics chains, energy efficiency and green technology transfers in industrial processes, commercial operations, and buildings. The Loan and the grant co-financing from the SSF will be used to finance: (i) expansion of the Company's operating fleet by financing the acquisition of new modern low-floor trolleybuses with autonomous drive, along with spare parts, maintenance and diagnostic equipment and (ii) modernisation of the related infrastructure including catenary network and the depot. The Bank's financing will enable the Company to extend and realign three trolleybus routes, improving the quality of transport services for the population and ensuring a sustainable public transport connection between different areas of the city. The autonomous trolleybuses will be the first of their kind in the city. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55690XI-IATI-EBRD-53902European Bank for Reconstruction and DevelopmentThe Resilience and Livelihoods Guarantee (RLG) in the form of an unfunded risk-sharing instrument covering up to 50 per cent of the credit risk in newly originated sub-loans with the total value of €50 million equivalent to be originated by Raiffeisen Bank Ukraine (RBU) subject to total 50 per cent of portfolio cap. The facility will be used to support lending to Ukrainian private companies operating in the primary and secondary agriculture and other critical industries (such as pharma, food processing, retail, logistics), with the ultimate goal of preserving livelihoods in the country.European Bank for Reconstruction and DevelopmentRAIFFEISEN BANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.52381062500010625000RAIFFEISEN BANK JSCPRIVATEPRIVATEPRIVATEThe Resilience and Livelihoods Guarantee (RLG) in the form of an unfunded risk-sharing instrument covering up to 50 per cent of the credit risk in newly originated sub-loans with the total value of €50 million equivalent to be originated by Raiffeisen Bank Ukraine (RBU) subject to total 50 per cent of portfolio cap. The facility will be used to support lending to Ukrainian private companies operating in the primary and secondary agriculture and other critical industries (such as pharma, food processing, retail, logistics), with the ultimate goal of preserving livelihoods in the country. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53902XI-IATI-EBRD-50809European Bank for Reconstruction and DevelopmentInvestment of 120 million in € 600 million 5 year senior fixed rate coupon unsecured Eurobond issued alongside US$ 335 million 3 year Eurobond by Kondor Finance plc and rated by Fitch in favour of NJSC "Naftogaz of Ukraine" (the "Company", or "NAK"). The Eurobond proceeds are issued for general corporate purposes including the financing of gas purchases. The Bank's financing will be used exclusively for gas purchases. The transaction will contribute to Ukraine's energy security, ensuring procurement of natural gas for winter heating seasons in the country.European Bank for Reconstruction and DevelopmentNAFTOGAZ OF UKRAINE PJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.5238150000000NAFTOGAZ OF UKRAINE PJSC120000000NAFTOGAZ OF UKRAINE PJSCSTATESTATESTATESTATEInvestment of 120 million in € 600 million 5 year senior fixed rate coupon unsecured Eurobond issued alongside US$ 335 million 3 year Eurobond by Kondor Finance plc and rated by Fitch in favour of NJSC "Naftogaz of Ukraine" (the "Company", or "NAK"). The Eurobond proceeds are issued for general corporate purposes including the financing of gas purchases. The Bank's financing will be used exclusively for gas purchases. The transaction will contribute to Ukraine's energy security, ensuring procurement of natural gas for winter heating seasons in the country. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50809XI-IATI-EBRD-48386European Bank for Reconstruction and DevelopmentThe proposed transaction is for an investment of up to EUR 10 million in SouthBridge Europe Mezzanine S.C.A. SICAR (the "Fund"), a 'Societe d'Investissement en Capital a Risque' investment vehicle registered in the Grand Duchy of Luxemburg. The Fund will make quasi-equity and mezzanine investments primarily in small and medium enterprises ("SMEs") in Greece. The project will contribute to an improved availability of growth capital to the underserved SME segment in Greece in an environment where little growth financing is available for this important segment of the economy. The project will back a first time independent team, helping to re-build local private equity and mezzanine capacity following the post-financial crisis drought in institutional fundraising in the Greece.European Bank for Reconstruction and DevelopmentSOUTHBRIDGE EUROPE MEZZANINE SCA SICAREuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATHENS37.98376 23.72784541700.2910100000SOUTHBRIDGE EUROPE MEZZANINE SCA SICARPRIVATEPRIVATEPRIVATEThe proposed transaction is for an investment of up to EUR 10 million in SouthBridge Europe Mezzanine S.C.A. SICAR (the "Fund"), a 'Societe d'Investissement en Capital a Risque' investment vehicle registered in the Grand Duchy of Luxemburg. The Fund will make quasi-equity and mezzanine investments primarily in small and medium enterprises ("SMEs") in Greece. The project will contribute to an improved availability of growth capital to the underserved SME segment in Greece in an environment where little growth financing is available for this important segment of the economy. The project will back a first time independent team, helping to re-build local private equity and mezzanine capacity following the post-financial crisis drought in institutional fundraising in the Greece. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48386XI-IATI-EBRD-51004European Bank for Reconstruction and DevelopmentThe provision of debt financing to the Sabac District Heating Company (the "Company" or the DH Company or the "Client") to finance implementation of energy efficiency (EE) measures in up to 40 residential multi-store buildings (the "Project") in the City of Sabac, Serbia (the "City"). Contribution to the implementation of EE measures in up to 40 residential multi-store buildings, including insulation measures and introduction of thermostatic valves, heat allocators, and consumption-based billing system. As residential buildings account for a significant portion of the heating demand, the Project will address a key contributor to the emissions and energy consumption in the City.European Bank for Reconstruction and DevelopmentTOPLANA SABAC JKPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSABAC44.74667 19.692500000TOPLANA SABAC JKP214209.18TOPLANA SABAC JKP284350.62TOPLANA SABAC JKP300639.06TOPLANA SABAC JKP256583.31TOPLANA SABAC JKP204553.76TOPLANA SABAC JKP303951.71TOPLANA SABAC JKPSTATESTATESTATESTATEThe provision of debt financing to the Sabac District Heating Company (the "Company" or the DH Company or the "Client") to finance implementation of energy efficiency (EE) measures in up to 40 residential multi-store buildings (the "Project") in the City of Sabac, Serbia (the "City"). Contribution to the implementation of EE measures in up to 40 residential multi-store buildings, including insulation measures and introduction of thermostatic valves, heat allocators, and consumption-based billing system. As residential buildings account for a significant portion of the heating demand, the Project will address a key contributor to the emissions and energy consumption in the City. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51004XI-IATI-EBRD-49379European Bank for Reconstruction and DevelopmentAn equity commitment of up to EUR 10 million in favour of Elikonos 2 SCA SICAR (the "Fund"). The Fund will seek to make equity, quasi-equity and equity related investments in small- and medium-sized enterprises in Greece, with the objective of achieving long-term capital growth.European Bank for Reconstruction and DevelopmentELIKONOS 2 SCA SICAREuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATHENS37.98376 23.727841854936.0710000000ELIKONOS 2 SCA SICARPRIVATEPRIVATEPRIVATEAn equity commitment of up to EUR 10 million in favour of Elikonos 2 SCA SICAR (the "Fund"). The Fund will seek to make equity, quasi-equity and equity related investments in small- and medium-sized enterprises in Greece, with the objective of achieving long-term capital growth. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49379XI-IATI-EBRD-48272European Bank for Reconstruction and DevelopmentThe EBRD is providing a senior secured loan of up to EUR 50 million to Terna Energy SA (the "Company"), to finance the development, construction and operation of the Company's renewable energy power plants in Greece (the "Project"). The Project will support the development, construction and operation of renewable energy power plants in Greece, which will support Greece in achieving the target to reach 40% of electricity consumption from renewable sources by 2020.European Bank for Reconstruction and DevelopmentTERNA ENERGY SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATHENS37.98376 23.7278450000000TERNA ENERGY SAPRIVATEPRIVATEPRIVATEThe EBRD is providing a senior secured loan of up to EUR 50 million to Terna Energy SA (the "Company"), to finance the development, construction and operation of the Company's renewable energy power plants in Greece (the "Project"). The Project will support the development, construction and operation of renewable energy power plants in Greece, which will support Greece in achieving the target to reach 40% of electricity consumption from renewable sources by 2020. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48272XI-IATI-EBRD-54005European Bank for Reconstruction and DevelopmentA EUR 12 million loan to Papoutsanis SA ("Papoutsanis", the "Company") in Greece. The proposed investment marks the first SME financing under EBRD's Greek RRF Co-Financing Framework and the Framework's third sub-operation overall, implemented as part of the "Greece 2.0" National Recovery and Resilience Plan, funded by the European Union's (EU) NextGenerationEU programme. The loan consists of a EUR 8.9 million tranche provided from the Bank's own resources and a EUR 3.1 million tranche financed by the EU's RRF, channelled through Greece's Ministry of Finance. The loan proceeds will finance part of the Company's EUR 15 million investment programme centred around energy efficient capex and R&D investments, enabling further vertical integration of the company's production lines as well as automation and optimisation of the manufacturing process. Total Project costs will be funded from the EUR 12 million debt financing package and EUR 3 million from Papoutsanis' own resources. The Project addresses the strategic directions of the EBRD Country Strategy for Greece, especially on "strengthening the capacity of corporates and SMEs to add value" and is in line with Greece's Recovery and Resilience Plan in supporting extroverted enterprises to achieve their green and digital transition targets.European Bank for Reconstruction and DevelopmentPAPOUTSANIS SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCHALKIDA38.46354 23.602848900000PAPOUTSANIS SAPRIVATEPRIVATEPRIVATEA EUR 12 million loan to Papoutsanis SA ("Papoutsanis", the "Company") in Greece. The proposed investment marks the first SME financing under EBRD's Greek RRF Co-Financing Framework and the Framework's third sub-operation overall, implemented as part of the "Greece 2.0" National Recovery and Resilience Plan, funded by the European Union's (EU) NextGenerationEU programme. The loan consists of a EUR 8.9 million tranche provided from the Bank's own resources and a EUR 3.1 million tranche financed by the EU's RRF, channelled through Greece's Ministry of Finance. The loan proceeds will finance part of the Company's EUR 15 million investment programme centred around energy efficient capex and R&D investments, enabling further vertical integration of the company's production lines as well as automation and optimisation of the manufacturing process. Total Project costs will be funded from the EUR 12 million debt financing package and EUR 3 million from Papoutsanis' own resources. The Project addresses the strategic directions of the EBRD Country Strategy for Greece, especially on "strengthening the capacity of corporates and SMEs to add value" and is in line with Greece's Recovery and Resilience Plan in supporting extroverted enterprises to achieve their green and digital transition targets. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54005XI-IATI-EBRD-56470European Bank for Reconstruction and DevelopmentA capped unfunded portfolio guarantee to be provided by the EBRD as an InvestEU implementing partner to Piraeus Bank ("Piraeus"), as an eligible partner financial intermediary under the Member State Compartment of InvestEU for Greece. The guarantee will cover a newly generated portfolio of loans amounting to up to EUR 500 million, financing eligible innovative, digital and green projects across industry sectors. The Project benefits from first loss risk cover from the European Union under the InvestEU Fund. The Project aims to support the EBRD's digital and green agenda in Greece and the national digital and sustainable economy priorities. It will bridge the funding gap for innovative, digital and sustainable energy investments in the country, support the resilience of a systemic bank and expand its innovative, digital and green lending capacity.European Bank for Reconstruction and DevelopmentPIRAEUS BANK SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATHENS37.98376 23.727849850000098500000PIRAEUS BANK SAPRIVATEPRIVATEPRIVATEA capped unfunded portfolio guarantee to be provided by the EBRD as an InvestEU implementing partner to Piraeus Bank ("Piraeus"), as an eligible partner financial intermediary under the Member State Compartment of InvestEU for Greece. The guarantee will cover a newly generated portfolio of loans amounting to up to EUR 500 million, financing eligible innovative, digital and green projects across industry sectors. The Project benefits from first loss risk cover from the European Union under the InvestEU Fund. The Project aims to support the EBRD's digital and green agenda in Greece and the national digital and sustainable economy priorities. It will bridge the funding gap for innovative, digital and sustainable energy investments in the country, support the resilience of a systemic bank and expand its innovative, digital and green lending capacity. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56470XI-IATI-EBRD-54601European Bank for Reconstruction and DevelopmentUp to EUR 250 million non-recourse long-term senior loan in favour of Baltic Power Sp. z o.o. ("Company") to finance the construction and operation of the 1.14GW Baltic Power offshore wind farm in Poland (the "Project"). The Bank's financing will be provided alongside multiple commercial banks, export agencies and development banks. The Project is currently the most advanced under the first stage of offshore wind developments in Poland (covering 5.9 GW across 8 projects). Once constructed the Project is expected to generate 4 TWh annually of electricity, contributing approx. 2.8 million tonnes of CO2 savings annually. The Bank proceeds will be used to finance Project's capital expenditure.European Bank for Reconstruction and DevelopmentBALTIC POWER SP ZOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.0117859467461.62138477196.23BALTIC POWER SP ZOOPRIVATEPRIVATEPRIVATEUp to EUR 250 million non-recourse long-term senior loan in favour of Baltic Power Sp. z o.o. ("Company") to finance the construction and operation of the 1.14GW Baltic Power offshore wind farm in Poland (the "Project"). The Bank's financing will be provided alongside multiple commercial banks, export agencies and development banks. The Project is currently the most advanced under the first stage of offshore wind developments in Poland (covering 5.9 GW across 8 projects). Once constructed the Project is expected to generate 4 TWh annually of electricity, contributing approx. 2.8 million tonnes of CO2 savings annually. The Bank proceeds will be used to finance Project's capital expenditure. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54601XI-IATI-EBRD-50410European Bank for Reconstruction and DevelopmentProvision of an equity investment in the form of a capital increase in return for a stake in Vestmoldtransgaz srl ("VMTG"), the Moldovan gas transmission company that is ultimately owned and controlled by the Romanian Transport Sistem Operator SNTGN Transgaz SA ("Transgaz"). The Bank's investment will fund the construction of the natural gas pipeline Ungheni-Chisinau in Moldova with a length of ca. 120 km and a planned capacity of 1.5 bcm. The project is part of the EU-promoted gas connection of the transmission systems of Romania and Moldova by linking Chisinau, a major area of gas consumption in the country, to the interconnector between the eastern Romanian city of Iasi and Ungheni, a Moldovan town on the Romanian border. This connection will enhance Moldova's energy security by diversifying its gas supply sources - a prerequisite for the country's economic development.European Bank for Reconstruction and DevelopmentVESTMOLDTRANSGAZ SRLEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCHISINAU47.00556 28.857520000000VESTMOLDTRANSGAZ SRLPRIVATEPRIVATEPRIVATEProvision of an equity investment in the form of a capital increase in return for a stake in Vestmoldtransgaz srl ("VMTG"), the Moldovan gas transmission company that is ultimately owned and controlled by the Romanian Transport Sistem Operator SNTGN Transgaz SA ("Transgaz"). The Bank's investment will fund the construction of the natural gas pipeline Ungheni-Chisinau in Moldova with a length of ca. 120 km and a planned capacity of 1.5 bcm. The project is part of the EU-promoted gas connection of the transmission systems of Romania and Moldova by linking Chisinau, a major area of gas consumption in the country, to the interconnector between the eastern Romanian city of Iasi and Ungheni, a Moldovan town on the Romanian border. This connection will enhance Moldova's energy security by diversifying its gas supply sources - a prerequisite for the country's economic development. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50410XI-IATI-EBRD-52440European Bank for Reconstruction and DevelopmentProvision of a senior loan to InecoBank of up to USD 6 million, of which up to USD 4.5 million to be provided by EBRD and up to USD 1.5 million by the Green Climate Fund ("GCF") under the GCFGreen Economy Financing Facility ("GEFF") Regional Framework. The proceeds of the loan will be used for financing investments in climate change mitigation and adaptation technologies by local private sector commercial clients, in line with the standards and reporting requirements for GEFF in Armenia. 100 per cent of the loan proceeds will be related toGreen Economy Transition investments.European Bank for Reconstruction and DevelopmentINECOBANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYEREVAN40.18111 44.513613939420.47INECOBANK CJSCPRIVATEPRIVATEPRIVATEProvision of a senior loan to InecoBank of up to USD 6 million, of which up to USD 4.5 million to be provided by EBRD and up to USD 1.5 million by the Green Climate Fund ("GCF") under the GCFGreen Economy Financing Facility ("GEFF") Regional Framework. The proceeds of the loan will be used for financing investments in climate change mitigation and adaptation technologies by local private sector commercial clients, in line with the standards and reporting requirements for GEFF in Armenia. 100 per cent of the loan proceeds will be related toGreen Economy Transition investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52440XI-IATI-EBRD-56191European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan to ACBA Leasing in the amount of up to USD 5 million, of which up to USD 3.75 million to be provided by the European Bank for Reconstruction and Development ("EBRD") and up to USD 1.25 million by the Green Climate Fund ("GCF") under the GCF-Green Economy Financing Facility ("GEFF") Regional Programme. The proceeds of the loan will be used to extend leases for the financing of investments in climate change mitigation and adaptation technologies by local private sector commercial sub-lessees in a gender-responsive way, in line with the standards and reporting requirements of the GEFF in Armenia. 100 per cent of the loan proceeds will be related to Green Economy Transition investments. ACBA Leasing will benefit from Technical Cooperation ("TC") in form of trainings, capacity building and support for project implementation from the dedicated programme consultants.European Bank for Reconstruction and DevelopmentACBA LEASING CREDIT ORGANIZATION CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYEREVAN40.18111 44.513613282850.39ACBA LEASING CREDIT ORGANIZATION CJSCPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan to ACBA Leasing in the amount of up to USD 5 million, of which up to USD 3.75 million to be provided by the European Bank for Reconstruction and Development ("EBRD") and up to USD 1.25 million by the Green Climate Fund ("GCF") under the GCF-Green Economy Financing Facility ("GEFF") Regional Programme. The proceeds of the loan will be used to extend leases for the financing of investments in climate change mitigation and adaptation technologies by local private sector commercial sub-lessees in a gender-responsive way, in line with the standards and reporting requirements of the GEFF in Armenia. 100 per cent of the loan proceeds will be related to Green Economy Transition investments. ACBA Leasing will benefit from Technical Cooperation ("TC") in form of trainings, capacity building and support for project implementation from the dedicated programme consultants. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56191XI-IATI-EBRD-48249European Bank for Reconstruction and DevelopmentEBRD has provided USD 110 million to Akbank T.A.S ("Akbank") under the Turkey Mid-Size Sustainable Energy Financing Facility III ("MidSEFF III") for on-lending to private sector borrowers for renewable energy (RE) and resource efficiency (ResE) investments. This is a follow-up transaction with Akbank under MidSEFF III and builds on the Company's successful implementation of the previous phases of MIDSEFF launched by the EBRD in Turkey. MidSEFF III builds on the positive experiences in MidSEFF & MidSEFF II and is aimed at i) increasing financing intermediation for RE and ResE investments to fill these sectors' remaining financing gaps in Turkey; ii) improving the PFIs' skills in technical assessment of a broader set of technologies; and iii) increasing the PFIs' knowledge of relevant EU environmental & social requirements and standards in assessing mid-size RE and ResE investments.European Bank for Reconstruction and DevelopmentARTS LTDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANKARA39.91987 32.8542796296944.76ARTS LTDPRIVATEPRIVATEPRIVATEEBRD has provided USD 110 million to Akbank T.A.S ("Akbank") under the Turkey Mid-Size Sustainable Energy Financing Facility III ("MidSEFF III") for on-lending to private sector borrowers for renewable energy (RE) and resource efficiency (ResE) investments. This is a follow-up transaction with Akbank under MidSEFF III and builds on the Company's successful implementation of the previous phases of MIDSEFF launched by the EBRD in Turkey. MidSEFF III builds on the positive experiences in MidSEFF & MidSEFF II and is aimed at i) increasing financing intermediation for RE and ResE investments to fill these sectors' remaining financing gaps in Turkey; ii) improving the PFIs' skills in technical assessment of a broader set of technologies; and iii) increasing the PFIs' knowledge of relevant EU environmental & social requirements and standards in assessing mid-size RE and ResE investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48249XI-IATI-EBRD-51839European Bank for Reconstruction and DevelopmentA 5 year senior secured loan facility of up to TRY 100m (circa EUR 8.1m), amortizing after the 2 year grace period (WAL of 3.5 years), to be provided to Dunya Varlik Yonetim AS ("Dunya" or "Company"). The loan will support the client's acquisition of the new non-performing loan (NPL) portfolios in Turkey, after the market was halted due to Covid-19 crisis. With a WAL of 3.5 years, the loan will provide a stable source of long term funding for Dunya and will allow for stronger participation in local sale of the portfolios.European Bank for Reconstruction and DevelopmentDUNYA VARLIK YONETIM ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.949661876283.07DUNYA VARLIK YONETIM ASPRIVATEPRIVATEPRIVATEA 5 year senior secured loan facility of up to TRY 100m (circa EUR 8.1m), amortizing after the 2 year grace period (WAL of 3.5 years), to be provided to Dunya Varlik Yonetim AS ("Dunya" or "Company"). The loan will support the client's acquisition of the new non-performing loan (NPL) portfolios in Turkey, after the market was halted due to Covid-19 crisis. With a WAL of 3.5 years, the loan will provide a stable source of long term funding for Dunya and will allow for stronger participation in local sale of the portfolios. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51839XI-IATI-EBRD-54423European Bank for Reconstruction and DevelopmentIn January 2024, the EBRD provided a sovereign loan of up to EUR 150 million to the Republic of Moldova to finance the rehabilitation and widening of the M2 Chisinau ring road - section 2 and the rehabilitation of the M1 Chisinau to Leuseni road section. In December 2025, the EBRD provided an additional sovereign loan of up to EUR 150 million to finance the funding gap resulting from updated technical and environmental requirements identified in the completed detailed design. The funding gap also reflects increased material costs caused by inflation and disrupted commodity markets, which have driven up the price for energy-intensive critical road construction materials such as cement, steel, asphalt components, and plastics. The Project will support Moldova's economic development and bring operational efficiency from improved regional road infrastructure through the rehabilitation of the key road network. Financing will continue to support the Government's efforts to halt the deterioration of the road network in Moldova; ensure key road links are maintained to acceptable standards to facilitate economic growth, regional integration and trade, including the flow of goods via Moldova; and support the reform of the road sector. The Project is aligned with the Economic and Investment Plan for Neighbourhood East and its post-2020 Eastern Partnership Priorities, in particular its priority to enhance transport connectivity by strengthening core transport links with a focus on extended TEN-T network. The Project will support country and regional connectivity through the rehabilitation of priority roads between Moldova, the European Union and Ukraine. The Project is also consistent with the EU-Ukraine Solidarity Lanes by focussing on core corridors to ensure transport connectivity for import and export of goods with Ukraine.European Bank for Reconstruction and DevelopmentMOLDOVA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCHISINAU47.00556 28.8575300000000300000000MOLDOVA SOVEREIGNSTATESTATESTATESTATEIn January 2024, the EBRD provided a sovereign loan of up to EUR 150 million to the Republic of Moldova to finance the rehabilitation and widening of the M2 Chisinau ring road - section 2 and the rehabilitation of the M1 Chisinau to Leuseni road section. In December 2025, the EBRD provided an additional sovereign loan of up to EUR 150 million to finance the funding gap resulting from updated technical and environmental requirements identified in the completed detailed design. The funding gap also reflects increased material costs caused by inflation and disrupted commodity markets, which have driven up the price for energy-intensive critical road construction materials such as cement, steel, asphalt components, and plastics. The Project will support Moldova's economic development and bring operational efficiency from improved regional road infrastructure through the rehabilitation of the key road network. Financing will continue to support the Government's efforts to halt the deterioration of the road network in Moldova; ensure key road links are maintained to acceptable standards to facilitate economic growth, regional integration and trade, including the flow of goods via Moldova; and support the reform of the road sector. The Project is aligned with the Economic and Investment Plan for Neighbourhood East and its post-2020 Eastern Partnership Priorities, in particular its priority to enhance transport connectivity by strengthening core transport links with a focus on extended TEN-T network. The Project will support country and regional connectivity through the rehabilitation of priority roads between Moldova, the European Union and Ukraine. The Project is also consistent with the EU-Ukraine Solidarity Lanes by focussing on core corridors to ensure transport connectivity for import and export of goods with Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54423XI-IATI-EBRD-54267European Bank for Reconstruction and DevelopmentSenior unsecured loan of USD 20 mln (or the equivalent in local currency) to be provided to TBC Bank ('TBC') to support investment financing for on-lending to women-led MSMEs in Georgia under the Women in Business (EaP WiB) Programme in the Eastern Partnership countries. The project will address the gender related inclusion gap for access to finance in Georgia, as lending to women entrepreneurs might be hindered by the absence or shortage of collateral. The First Loss Risk Cover (FLRC) available under the WiB loan, will enable the bank to enhance borrowing capacity of their target clientele. Moreover, WiB will continue promoting women entrepreneurship and women participation in business by building or improving efficiency of respective entities through expertise and advisory services (ASB) provided under the framework.European Bank for Reconstruction and DevelopmentTBC BANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTBILISI41.69411 44.8336817855358.16TBC BANK JSCPRIVATEPRIVATEPRIVATESenior unsecured loan of USD 20 mln (or the equivalent in local currency) to be provided to TBC Bank ('TBC') to support investment financing for on-lending to women-led MSMEs in Georgia under the Women in Business (EaP WiB) Programme in the Eastern Partnership countries. The project will address the gender related inclusion gap for access to finance in Georgia, as lending to women entrepreneurs might be hindered by the absence or shortage of collateral. The First Loss Risk Cover (FLRC) available under the WiB loan, will enable the bank to enhance borrowing capacity of their target clientele. Moreover, WiB will continue promoting women entrepreneurship and women participation in business by building or improving efficiency of respective entities through expertise and advisory services (ASB) provided under the framework. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54267XI-IATI-EBRD-56554European Bank for Reconstruction and DevelopmentAn additional equity commitment of up to EUR 3.3m by EBRD to acquire shares from existing shareholders in Gym Beam. The Bank's investment is part of EUR 10m transaction alongside PortfoLion to address liquidity needs of existing shareholders in order to preserve the initial investment objectives. EBRD and PortfoLion invested a combined EUR 30m in GymBeam (EUR 10m and EUR 20m, respectively) on 24 November 2025. The fundraising proceeds were fully allocated to an equity capital increase and is supporting the company's expansion in Western Europe and its core Central European markets, the strengthening of its distribution infrastructure, the implementation of advanced automation solutions, and the pursuit of strategic acquisitions.European Bank for Reconstruction and DevelopmentGYMBEAM SROEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKOSICE48.71395 21.2580810000000GYMBEAM SROPRIVATEPRIVATEPRIVATEAn additional equity commitment of up to EUR 3.3m by EBRD to acquire shares from existing shareholders in Gym Beam. The Bank's investment is part of EUR 10m transaction alongside PortfoLion to address liquidity needs of existing shareholders in order to preserve the initial investment objectives. EBRD and PortfoLion invested a combined EUR 30m in GymBeam (EUR 10m and EUR 20m, respectively) on 24 November 2025. The fundraising proceeds were fully allocated to an equity capital increase and is supporting the company's expansion in Western Europe and its core Central European markets, the strengthening of its distribution infrastructure, the implementation of advanced automation solutions, and the pursuit of strategic acquisitions. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56554XI-IATI-EBRD-50215European Bank for Reconstruction and DevelopmentThe provision of a senior A/B long-term loan of up to EUR 150 million to SyvashEnergoProm LLC (the "Borrower") to finance the construction and operation of an onshore wind farm with the total envisaged capacity of up to 250 MW located in Southern Ukraine (the "Project"). The Project will help support the development of renewable energy in Ukraine and the overall decarbonisation of the energy sector.European Bank for Reconstruction and DevelopmentSYVASHENERGOPROM LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCHAPLYNKA46.36507 33.5402765560490.28SYVASHENERGOPROM LLCPRIVATEPRIVATEPRIVATEThe provision of a senior A/B long-term loan of up to EUR 150 million to SyvashEnergoProm LLC (the "Borrower") to finance the construction and operation of an onshore wind farm with the total envisaged capacity of up to 250 MW located in Southern Ukraine (the "Project"). The Project will help support the development of renewable energy in Ukraine and the overall decarbonisation of the energy sector. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50215XI-IATI-EBRD-53517European Bank for Reconstruction and DevelopmentOn 28 April 2021, the EBRD invested EUR 50 million (10% participation) in a senior preferred bond issued by Eurobank S.A. ('ERB') as a part of a public benchmark issuance of EUR 500 million listed on the Luxembourg Stock Exchange. On 7 September 2021, the EBRD invested another EUR 27 million (5.4% participation) in the second senior preferred bond issuance of ERB under the same programme. On 29 November 2022, under the same programme, the EBRD invested EUR 10 million (3.3% of the issuance amount) in subordinated ('Tier 2)' bonds issued by Eurobank Ergasias Services and Holdings S.A. ('ERB Group') as part of a public issuance of EUR 300 million to be listed on the Luxembourg Stock Exchange. The bonds have a 10 year maturity with a call option on the fifth year (10NC5 structure). The project supports the resilience and regulatory compliance of a systemically important institution in the country and contributes to the capital market development of Greece. The project also aims to support strong green targets with 150% of the EBRD's investment to be allocated to finance green projects in line with EBRD's Green Economy Transition ("GET") eligibility criteria.European Bank for Reconstruction and DevelopmentEUROBANK SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATHENS37.98376 23.7278410000000EUROBANK SAPRIVATEPRIVATEPRIVATEOn 28 April 2021, the EBRD invested EUR 50 million (10% participation) in a senior preferred bond issued by Eurobank S.A. ('ERB') as a part of a public benchmark issuance of EUR 500 million listed on the Luxembourg Stock Exchange. On 7 September 2021, the EBRD invested another EUR 27 million (5.4% participation) in the second senior preferred bond issuance of ERB under the same programme. On 29 November 2022, under the same programme, the EBRD invested EUR 10 million (3.3% of the issuance amount) in subordinated ('Tier 2)' bonds issued by Eurobank Ergasias Services and Holdings S.A. ('ERB Group') as part of a public issuance of EUR 300 million to be listed on the Luxembourg Stock Exchange. The bonds have a 10 year maturity with a call option on the fifth year (10NC5 structure). The project supports the resilience and regulatory compliance of a systemically important institution in the country and contributes to the capital market development of Greece. The project also aims to support strong green targets with 150% of the EBRD's investment to be allocated to finance green projects in line with EBRD's Green Economy Transition ("GET") eligibility criteria. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53517XI-IATI-EBRD-49108European Bank for Reconstruction and DevelopmentThe provision of a sovereign loan of up to € 3.68 million to the Republic of Belarus for the benefit of Shklov Housing and Communal Services Enterprise (the "Company") to finance the rehabilitation and reconstruction of wastewater treatment infrastructure in Shklov (the "Project"). This is one out of seven subprojects under the Belarus Water Sector Framework, 3rd phase. Other subprojects are in Kletsk, Lyuban, Fanipol, Baranovichi, Bereza, Zhlobin. The Project aims to enhance wastewater treatment quality to ensure compliance with the national and EU/HELCOM standards/recommendations for effluent quality treatment and reduction of air, soil, water pollution. The Project will facilitate the advancement of water and wastewater sector reform and improvement of the Company's operational and financial performance and capacity.European Bank for Reconstruction and DevelopmentBELARUS SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGMINSK53.9 27.566673720000BELARUS SOVEREIGN37200BELARUS SOVEREIGNSTATESTATESTATESTATEThe provision of a sovereign loan of up to € 3.68 million to the Republic of Belarus for the benefit of Shklov Housing and Communal Services Enterprise (the "Company") to finance the rehabilitation and reconstruction of wastewater treatment infrastructure in Shklov (the "Project"). This is one out of seven subprojects under the Belarus Water Sector Framework, 3rd phase. Other subprojects are in Kletsk, Lyuban, Fanipol, Baranovichi, Bereza, Zhlobin. The Project aims to enhance wastewater treatment quality to ensure compliance with the national and EU/HELCOM standards/recommendations for effluent quality treatment and reduction of air, soil, water pollution. The Project will facilitate the advancement of water and wastewater sector reform and improvement of the Company's operational and financial performance and capacity. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49108XI-IATI-EBRD-54119European Bank for Reconstruction and DevelopmentInvestment of c. EUR 10 million in credit linked notes, issued by a newly established securitisation special purpose entity (the "Issuer"), covering the credit risk of the senior mezzanine tranche in a synthetic balance sheet securitisation of a performing mixed loans portfolio, originated by Piraeus Bank S.A., a commercial bank incorporated in Greece (the "Originator" or "Piraeus"). The project boosts the resilience of a systemic bank in Greece, and i subject to receipt of the ordinary terms and approvals by the competent authorities i will allow Piraeus Bank to achieve a risk weighted assets relief and optimise its regulatory capital requirements, while the anticipated RWA relief will be redeployed to new on-lending to the real economy. Furthermore, the EBRD promotes resource efficiency in the country by requiring Piraeus Bank to allocate funds in the amount of 1.7 times of EBRD's subscription to finance green investments in renewable energy and energy efficiency.European Bank for Reconstruction and DevelopmentERMIS CAPITAL VI DESIGNATED ACTIVITY COMPANYEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATHENS37.98376 23.727849995609ERMIS CAPITAL VI DESIGNATED ACTIVITY COMPANYPRIVATEPRIVATEPRIVATEInvestment of c. EUR 10 million in credit linked notes, issued by a newly established securitisation special purpose entity (the "Issuer"), covering the credit risk of the senior mezzanine tranche in a synthetic balance sheet securitisation of a performing mixed loans portfolio, originated by Piraeus Bank S.A., a commercial bank incorporated in Greece (the "Originator" or "Piraeus"). The project boosts the resilience of a systemic bank in Greece, and i subject to receipt of the ordinary terms and approvals by the competent authorities i will allow Piraeus Bank to achieve a risk weighted assets relief and optimise its regulatory capital requirements, while the anticipated RWA relief will be redeployed to new on-lending to the real economy. Furthermore, the EBRD promotes resource efficiency in the country by requiring Piraeus Bank to allocate funds in the amount of 1.7 times of EBRD's subscription to finance green investments in renewable energy and energy efficiency. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54119XI-IATI-EBRD-47899European Bank for Reconstruction and DevelopmentThe project, which targets energy efficiency in buildings owned by the city of Chisinau, aims to demonstrate the commercial viability of energy efficiency projects to be carried out through energy performance contracts ("EnPCs"). The project is a sub-project under the Green City Framework (GrCF). The project is to improve energy efficiency of buildings owned by the city.European Bank for Reconstruction and DevelopmentCITY OF CHISINAUEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCHISINAU47.00556 28.857510000000CITY OF CHISINAU214903.76CITY OF CHISINAU552860.56CITY OF CHISINAU122416.01CITY OF CHISINAU2015676.5CITY OF CHISINAU1208541.81CITY OF CHISINAU527597.17CITY OF CHISINAU353569.52CITY OF CHISINAU403412.38CITY OF CHISINAU776923.11CITY OF CHISINAU149634.81CITY OF CHISINAU216413CITY OF CHISINAU98832.82CITY OF CHISINAU241269.67CITY OF CHISINAU205231.5CITY OF CHISINAU147422.57CITY OF CHISINAU177942.63CITY OF CHISINAU171151.5CITY OF CHISINAU80874CITY OF CHISINAU353100.46CITY OF CHISINAU650980.98CITY OF CHISINAU194367.85CITY OF CHISINAU218172.6CITY OF CHISINAU197784.47CITY OF CHISINAU70803.14CITY OF CHISINAU170977.58CITY OF CHISINAU217224.9CITY OF CHISINAU261914.7CITY OF CHISINAUSTATESTATESTATESTATEThe project, which targets energy efficiency in buildings owned by the city of Chisinau, aims to demonstrate the commercial viability of energy efficiency projects to be carried out through energy performance contracts ("EnPCs"). The project is a sub-project under the Green City Framework (GrCF). The project is to improve energy efficiency of buildings owned by the city. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47899XI-IATI-EBRD-55029European Bank for Reconstruction and DevelopmentPortfolio Risk Sharing ("PRS") in the form of an unfunded portfolio guarantee of up to EUR 15.0 million provided by the Bank in favour of OTP Bank Moldova ("OTPM"). The guarantee will cover up to 50% of the credit risk on a pro rata basis on the newly-generated micro, small and medium-sized entreprise ("MSME") loan portfolio of up to EUR 30.0 million originated by OTPM. This project is the first pilot implementation of the Portfolio Risk Sharing product by the EBRD in Moldova. The product aims to release a bank's risk-taking capacity to boost on-lending to MSMEs, addressing an MSME financing gap in the market.European Bank for Reconstruction and DevelopmentOTP BANK SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCHISINAU47.00556 28.85751500000015000000OTP BANK SAPRIVATEPRIVATEPRIVATEPortfolio Risk Sharing ("PRS") in the form of an unfunded portfolio guarantee of up to EUR 15.0 million provided by the Bank in favour of OTP Bank Moldova ("OTPM"). The guarantee will cover up to 50% of the credit risk on a pro rata basis on the newly-generated micro, small and medium-sized entreprise ("MSME") loan portfolio of up to EUR 30.0 million originated by OTPM. This project is the first pilot implementation of the Portfolio Risk Sharing product by the EBRD in Moldova. The product aims to release a bank's risk-taking capacity to boost on-lending to MSMEs, addressing an MSME financing gap in the market. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55029XI-IATI-EBRD-50833European Bank for Reconstruction and DevelopmentThe investment of up to US$ 100 million in a tap issue of Ukrainian Railways PJSC ("UZ" or the "Company") senior unsecured Eurobonds. The Eurobonds tap is structured as an issuance of loan participation notes carried out by a Special Purpose Vehicle, Rail Capital Markets PLC (the "Issuer"), and is a follow up to the initial public issuance of US$ 500 million that took place on 1 July 2019. The proceeds from the Bank's financing will be used to finance the rehabilitation of priority railway lines. The proceeds will be used to finance the rehabilitation of railway tracks (predominantly on the Trans-European Transport Network corridors within Ukraine), with a focus on priority sections which are currently limiting the operational speed of trains. The rehabilitation will allow to increase the speed of trains, overal throughput capacity, and reduce CO2 emissions. Thew Project will benefit from the introduction of the EBRD's procurement rules, Environmental and Social Policy and the implementation of a Corporate Governance Action Plan for UZ's subsidiaries.European Bank for Reconstruction and DevelopmentUKRAINIAN RAILWAYS PJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.523898201564.39UKRAINIAN RAILWAYS PJSC83079751.38UKRAINIAN RAILWAYS PJSC3427039.74UKRAINIAN RAILWAYS PJSC3568405.13UKRAINIAN RAILWAYS PJSC3715601.85UKRAINIAN RAILWAYS PJSC3868870.42UKRAINIAN RAILWAYS PJSC541895.87UKRAINIAN RAILWAYS PJSC98201564.39UKRAINIAN RAILWAYS PJSCSTATESTATESTATESTATEThe investment of up to US$ 100 million in a tap issue of Ukrainian Railways PJSC ("UZ" or the "Company") senior unsecured Eurobonds. The Eurobonds tap is structured as an issuance of loan participation notes carried out by a Special Purpose Vehicle, Rail Capital Markets PLC (the "Issuer"), and is a follow up to the initial public issuance of US$ 500 million that took place on 1 July 2019. The proceeds from the Bank's financing will be used to finance the rehabilitation of priority railway lines. The proceeds will be used to finance the rehabilitation of railway tracks (predominantly on the Trans-European Transport Network corridors within Ukraine), with a focus on priority sections which are currently limiting the operational speed of trains. The rehabilitation will allow to increase the speed of trains, overal throughput capacity, and reduce CO2 emissions. Thew Project will benefit from the introduction of the EBRD's procurement rules, Environmental and Social Policy and the implementation of a Corporate Governance Action Plan for UZ's subsidiaries. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50833XI-IATI-EBRD-55888European Bank for Reconstruction and DevelopmentInvestment of EUR 50 million in credit linked notes ("CLNs") covering the credit risk of the senior mezzanine tranche in a synthetic balance sheet securitisation of a performing mixed loans portfolio, originated by Piraeus Bank S.A., a commercial bank incorporated in Greece (the "Originator" or "Piraeus"). The project boosts the resilience of a systemic bank in Greece, and subject to receipt of the ordinary terms and approvals by the competent authorities, will allow Piraeus Bank to achieve a risk weighted assets relief and optimise its regulatory capital requirements, while the anticipated RWA relief will be redeployed to new on-lending to the real economy.European Bank for Reconstruction and DevelopmentPIRAEUS BANK SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGATHENS37.98376 23.7278450000000PIRAEUS BANK SAPRIVATEPRIVATEPRIVATEInvestment of EUR 50 million in credit linked notes ("CLNs") covering the credit risk of the senior mezzanine tranche in a synthetic balance sheet securitisation of a performing mixed loans portfolio, originated by Piraeus Bank S.A., a commercial bank incorporated in Greece (the "Originator" or "Piraeus"). The project boosts the resilience of a systemic bank in Greece, and subject to receipt of the ordinary terms and approvals by the competent authorities, will allow Piraeus Bank to achieve a risk weighted assets relief and optimise its regulatory capital requirements, while the anticipated RWA relief will be redeployed to new on-lending to the real economy. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55888XI-IATI-EBRD-56332European Bank for Reconstruction and DevelopmentProvision of a three-year senior unsecured loan of up to EUR 12 million equivalent to OTP Bank S.A. under Residential Green Economy Financing Facility Moldova ("RGEFFM") for on-lending to the residential sector (individuals, housing associations, service providers, technology vendors and producers, and construction companies along the residential building supply chain) for green economy investments in Moldova. The loan will be provided in three tranches with the first tranche of EUR 3 million committed. Each tranche will be available for disbursement in Moldovan Lei or in EUR. The proposed project will be supported by donors such as the European Union ("EU") and the government of Norway through High-Impact Partnership on Climate Action ("HIPCA") for the financing of Investment Incentive payments, first loss guarantee in support of the local currency operations and Technical Cooperation ("TC") under the Facility. The project is implemented under RGEFFM which supports the development of the green economy market in Moldova by (i) increasing awareness, as well as capacity and involvement, of the population and private sector participants in residential green economy investments, (ii) improving living comfort and affordability of utilities for households, (iii) strengthening local production and supply base for green technologies and materials, and eventually (iv) delivering sizeable resource savings in Moldova.European Bank for Reconstruction and DevelopmentOTP BANK SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCHISINAU47.00556 28.857530000003000000OTP BANK SAPRIVATEPRIVATEPRIVATEProvision of a three-year senior unsecured loan of up to EUR 12 million equivalent to OTP Bank S.A. under Residential Green Economy Financing Facility Moldova ("RGEFFM") for on-lending to the residential sector (individuals, housing associations, service providers, technology vendors and producers, and construction companies along the residential building supply chain) for green economy investments in Moldova. The loan will be provided in three tranches with the first tranche of EUR 3 million committed. Each tranche will be available for disbursement in Moldovan Lei or in EUR. The proposed project will be supported by donors such as the European Union ("EU") and the government of Norway through High-Impact Partnership on Climate Action ("HIPCA") for the financing of Investment Incentive payments, first loss guarantee in support of the local currency operations and Technical Cooperation ("TC") under the Facility. The project is implemented under RGEFFM which supports the development of the green economy market in Moldova by (i) increasing awareness, as well as capacity and involvement, of the population and private sector participants in residential green economy investments, (ii) improving living comfort and affordability of utilities for households, (iii) strengthening local production and supply base for green technologies and materials, and eventually (iv) delivering sizeable resource savings in Moldova. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56332XI-IATI-EBRD-51564European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan to Raiffeisen Leasing in Croatia ("RLC") in the amount of up to EUR 25 million for on-lending to local small and medium-sized enterprises ("SMEs") in Croatia under the Financial Intermediary Framework ("FIF"). This project is prepraed in the context of the Bank's response to the Covid-19 pandemic. The proceeds of the loan will be used to finance local micro, small and medium-sized enterprises (MSMEs) lessees to ensure their uninterrupted access to finance following the economic consequences of the Covid-19 pandemic.European Bank for Reconstruction and DevelopmentRAIFFEISEN LEASING DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGZAGREB45.81444 15.9779825000000RAIFFEISEN LEASING DOOPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan to Raiffeisen Leasing in Croatia ("RLC") in the amount of up to EUR 25 million for on-lending to local small and medium-sized enterprises ("SMEs") in Croatia under the Financial Intermediary Framework ("FIF"). This project is prepraed in the context of the Bank's response to the Covid-19 pandemic. The proceeds of the loan will be used to finance local micro, small and medium-sized enterprises (MSMEs) lessees to ensure their uninterrupted access to finance following the economic consequences of the Covid-19 pandemic. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51564XI-IATI-EBRD-55805European Bank for Reconstruction and DevelopmentProvision of a senior loan to Evocabank of up to EUR 5m, of which up to EUR 3.75m to be provided by the European Bank for Reconstruction and Development ("EBRD") and up to EUR 1.25m by the Green Climate Fund ("GCF") under the GCF-Green Economy Financing Facility ("GEFF") Regional Programme. The proceeds of the loan will be used for financing investments in climate change mitigation and adaptation technologies by local private sector commercial sub-borrowers in a gender-responsive way, in line with the standards and reporting requirements of the GEFF in Armenia. 100 per cent of the loan proceeds will be related to Green Economy Transition investments. Evocabank will benefit from Technical Cooperation ("TC") in form of trainings, capacity building and support for project implementation from the dedicated programme consultants. The Project's use of proceeds may include solar sub-projects. Such sub-projects will be managed in line with "The Proposed Management Approach for Solar Supply Chain Risk Management" (CS/FO/21-35), (CS/FO/21-35 (Add 2)) and any subsequent guidance developed under that approach.European Bank for Reconstruction and DevelopmentEVOCABANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYEREVAN40.18111 44.513611875000EVOCABANK CJSCPRIVATEPRIVATEPRIVATEProvision of a senior loan to Evocabank of up to EUR 5m, of which up to EUR 3.75m to be provided by the European Bank for Reconstruction and Development ("EBRD") and up to EUR 1.25m by the Green Climate Fund ("GCF") under the GCF-Green Economy Financing Facility ("GEFF") Regional Programme. The proceeds of the loan will be used for financing investments in climate change mitigation and adaptation technologies by local private sector commercial sub-borrowers in a gender-responsive way, in line with the standards and reporting requirements of the GEFF in Armenia. 100 per cent of the loan proceeds will be related to Green Economy Transition investments. Evocabank will benefit from Technical Cooperation ("TC") in form of trainings, capacity building and support for project implementation from the dedicated programme consultants. The Project's use of proceeds may include solar sub-projects. Such sub-projects will be managed in line with "The Proposed Management Approach for Solar Supply Chain Risk Management" (CS/FO/21-35), (CS/FO/21-35 (Add 2)) and any subsequent guidance developed under that approach. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55805XI-IATI-EBRD-56162European Bank for Reconstruction and DevelopmentAn equity commitment of up to €20 million in favour of ALFI PE Fund III d.o.o. k.d. (the Fund). The Fund will make equity and equity-related investments primarily in Small and Medium sized Enterprises (SMEs) in Slovenia and Croatia, but also in other selected countries in Southern Eastern Europe (SEE), with the objective of generating long-term capital appreciation.European Bank for Reconstruction and DevelopmentALFI PE III LTDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSOFIA42.69751 23.32415PRAGUE50.08804 14.42076ZAGREB45.81444 15.97798PODGORICA42.44111 19.26361SKOPJE41.99646 21.43141BUCHAREST44.43225 26.10626BELGRADE44.80401 20.46513LJUBLJANA46.05108 14.50513BRATISLAVA48.14816 17.1067418176727.8420000000ALFI PE III LTDPRIVATEPRIVATEPRIVATEAn equity commitment of up to €20 million in favour of ALFI PE Fund III d.o.o. k.d. (the Fund). The Fund will make equity and equity-related investments primarily in Small and Medium sized Enterprises (SMEs) in Slovenia and Croatia, but also in other selected countries in Southern Eastern Europe (SEE), with the objective of generating long-term capital appreciation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56162XI-IATI-EBRD-55873European Bank for Reconstruction and DevelopmentEBRD participated in €60 million, 5-year, local sustainability linked bond issuance of Jadranski Galenski Laboratories (JGL) with €10 million invested. The Bonds will be listed on the Zagreb Stock Exchange. The proceeds of the Bond will be used to refinance €17 million of existing bonds maturing in December 2024, and to support JGL's further business expansion. The project is 100% GET eligibleEuropean Bank for Reconstruction and DevelopmentJADRAN-GALENSKI LABORATORIJ DDEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGRIJEKA45.32673 14.4424110000000JADRAN-GALENSKI LABORATORIJ DDPRIVATEPRIVATEPRIVATEEBRD participated in €60 million, 5-year, local sustainability linked bond issuance of Jadranski Galenski Laboratories (JGL) with €10 million invested. The Bonds will be listed on the Zagreb Stock Exchange. The proceeds of the Bond will be used to refinance €17 million of existing bonds maturing in December 2024, and to support JGL's further business expansion. The project is 100% GET eligible For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55873XI-IATI-EBRD-52115European Bank for Reconstruction and DevelopmentProvision of EUR 17.3 million loan to Burgas Water Supply and Sanitation Company ("Burgas WSSC" or the "Company"). The proceeds of the loan, blended with OPE investment grants, will co-finance Stage 1 of a wider investment programme, targeting improvement of water supply and sanitation infrastructure in the region of Burgas. With agreement of the EC the project was split in two stages i Stage 1, factoring investments that involve construction mostly in urbanized areas or outside Natura areas (representing broadly 45% of the envisaged investments) and Stage 2, which includes investments where construction potentially could affect some of the protected areas and species and requires further investigations. The EBRD provides financing only for Stage 1, which already received the grant financing approval from the EC. Should Stage 2 of the investment be deemed eligible for grant financing by the EC at a later stage, and the Company is required to co-finance its implementation, the Bank may consider providing additional financing for its completion. The Stage 1 investments aim at rehabilitating over 76 km of water supply pipelines, revamping over 10 km and constructing over 42 km of wastewater collection infrastructure, as well as constructing and recuperating over 5,000 cub.m. tanks and reservoirs. The project's main objectives are (i) increasing compliance with the EU directives on potable water and wastewater treatment in large agglomerations and (ii) enhancing Burgas WSSC's operational efficiency.European Bank for Reconstruction and DevelopmentWATER AND SEWAGE COMPANY OF THE CITY OF BURGASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBURGAS42.53333 27.2333311700000WATER AND SEWAGE COMPANY OF THE CITY OF BURGAS1808696.23WATER AND SEWAGE COMPANY OF THE CITY OF BURGAS3300000WATER AND SEWAGE COMPANY OF THE CITY OF BURGAS390290.14WATER AND SEWAGE COMPANY OF THE CITY OF BURGAS531958.63WATER AND SEWAGE COMPANY OF THE CITY OF BURGASSTATESTATESTATESTATEProvision of EUR 17.3 million loan to Burgas Water Supply and Sanitation Company ("Burgas WSSC" or the "Company"). The proceeds of the loan, blended with OPE investment grants, will co-finance Stage 1 of a wider investment programme, targeting improvement of water supply and sanitation infrastructure in the region of Burgas. With agreement of the EC the project was split in two stages i Stage 1, factoring investments that involve construction mostly in urbanized areas or outside Natura areas (representing broadly 45% of the envisaged investments) and Stage 2, which includes investments where construction potentially could affect some of the protected areas and species and requires further investigations. The EBRD provides financing only for Stage 1, which already received the grant financing approval from the EC. Should Stage 2 of the investment be deemed eligible for grant financing by the EC at a later stage, and the Company is required to co-finance its implementation, the Bank may consider providing additional financing for its completion. The Stage 1 investments aim at rehabilitating over 76 km of water supply pipelines, revamping over 10 km and constructing over 42 km of wastewater collection infrastructure, as well as constructing and recuperating over 5,000 cub.m. tanks and reservoirs. The project's main objectives are (i) increasing compliance with the EU directives on potable water and wastewater treatment in large agglomerations and (ii) enhancing Burgas WSSC's operational efficiency. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52115XI-IATI-EBRD-53544European Bank for Reconstruction and DevelopmentProvision of a sovereign loan of up to EUR 35 million to the Arab Republic of Egypt, to be on-lent to Egyptian National Railways ("ENR"). The loan will be used to partially finance the supply and installation of the railway tracks, and signalling and telecommunication systems of Robeiky - 10th of Ramadan - Belbeis Railway Line ("the Project"). It is expected that the remaining part of the Project cost will be financed by another financial institution via a sovereign loan. The Government of Egypt ("GoE") will self-fund the Project's civil works. The Project will connect the 10th Ramadan Dry Port PPP project ("DP 10") to ENR's main network, and in parallel allow freight traffic from / to a number of ports to bypass the Cairo railway node and save time. It is expected to serve containerised cargo through ENR's existing fleet. It will also serve commuting traffic between Robeiky, 10th Ramadan and Belbeis. As such, the Project will contribute to a modal shift of cargo and passenger transport from road to rail. The Project therefore represents a greener transport solution. It also represents an enabling infrastructure for the DP 10, which represents an integral part of the GoE's plan to develop intermodal transport systems and engage the private sector to accelerate the green transition.European Bank for Reconstruction and DevelopmentEGYPT SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.249673465000035000000EGYPT SOVEREIGN350000EGYPT SOVEREIGNSTATESTATESTATESTATEProvision of a sovereign loan of up to EUR 35 million to the Arab Republic of Egypt, to be on-lent to Egyptian National Railways ("ENR"). The loan will be used to partially finance the supply and installation of the railway tracks, and signalling and telecommunication systems of Robeiky - 10th of Ramadan - Belbeis Railway Line ("the Project"). It is expected that the remaining part of the Project cost will be financed by another financial institution via a sovereign loan. The Government of Egypt ("GoE") will self-fund the Project's civil works. The Project will connect the 10th Ramadan Dry Port PPP project ("DP 10") to ENR's main network, and in parallel allow freight traffic from / to a number of ports to bypass the Cairo railway node and save time. It is expected to serve containerised cargo through ENR's existing fleet. It will also serve commuting traffic between Robeiky, 10th Ramadan and Belbeis. As such, the Project will contribute to a modal shift of cargo and passenger transport from road to rail. The Project therefore represents a greener transport solution. It also represents an enabling infrastructure for the DP 10, which represents an integral part of the GoE's plan to develop intermodal transport systems and engage the private sector to accelerate the green transition. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53544XI-IATI-EBRD-47842European Bank for Reconstruction and DevelopmentV4C Poland Plus Fund I - An equity commitment of up to EUR 25 million to V4C Poland Plus Fund (the "Fund"). The Fund will seek to generate long-term capital appreciation through equity and equity-related investments in lower mid-market companies operating in Poland and other central and southeast European countries.European Bank for Reconstruction and DevelopmentV4C POLAND PLUS SCA SICAV-FIAREuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUDAPEST47.49835 19.04045WARSAW52.22977 21.01178BUCHAREST44.43225 26.106264814344.5125000000V4C POLAND PLUS SCA SICAV-FIARPRIVATEPRIVATEPRIVATEAn equity commitment of up to EUR 25 million to V4C Poland Plus Fund (the "Fund"). The Fund will seek to generate long-term capital appreciation through equity and equity-related investments in lower mid-market companies operating in Poland and other central and southeast European countries. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47842XI-IATI-EBRD-50583European Bank for Reconstruction and DevelopmentA Commodity Murabaha financing in the amount of up to USD 20 million (the "Facility") in favour of the operating subsidiaries of Humania North Africa Holding Company, a holding platform incorporated in Dubai International Financial Centre (DIFC) ("Humania"), with a 10 year tenor. Bait Al Batterjee Medical Company Limited (the "Sponsor" or "BAB") is building a healthcare platform ("Humania") focused on hospitals and clinics in North Africa. The EBRD, together with the IFC (International Finance Cooperation), OFID (OPEC Fund for International Development) and Finfund (Finnish Fund for Industrial Cooperation Ltd.), will finance the platform's construction and operation of (i) a greenfield general hospital in Alexandra, Egypt and (ii) a greenfield general hospital in Casablanca, Morocco (collectively, the "Project").European Bank for Reconstruction and DevelopmentAL-BATTERJIA MEDICAL SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.24967RABAT34.01325 -6.832557003414.1617508535.41AL-BATTERJIA MEDICAL SAEPRIVATEPRIVATEPRIVATEA Commodity Murabaha financing in the amount of up to USD 20 million (the "Facility") in favour of the operating subsidiaries of Humania North Africa Holding Company, a holding platform incorporated in Dubai International Financial Centre (DIFC) ("Humania"), with a 10 year tenor. Bait Al Batterjee Medical Company Limited (the "Sponsor" or "BAB") is building a healthcare platform ("Humania") focused on hospitals and clinics in North Africa. The EBRD, together with the IFC (International Finance Cooperation), OFID (OPEC Fund for International Development) and Finfund (Finnish Fund for Industrial Cooperation Ltd.), will finance the platform's construction and operation of (i) a greenfield general hospital in Alexandra, Egypt and (ii) a greenfield general hospital in Casablanca, Morocco (collectively, the "Project"). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50583XI-IATI-EBRD-49522European Bank for Reconstruction and DevelopmentThe provision of an additional commitment of up to USD 25 million to Railport Terminal Isletmeleri A.S. ("Railport"). The Project Summary Document was originally disclosed on 20 July 2018, and updated on 9 March 2022. A Loan Agreement, in the amount of USD 60 million, was signed between the EBRD and Railport on 19 October 2022 to finance the first private inland terminal to provide intermodal cargo services in Turkiye (the "Project"). The EBRD proceeds will be used for the Project; for the construction of additional warehouse areas. An innovative business concept in Turkiye's transport sector, the Railport will be located in the Kocaeli province of Turkiye, a major industrial hub. It will service industries located within the Ankara, Bilecik, Bolu, Bursa, Duzce, Eskisehir, Kocaeli, Sakarya and Yalova regions. The terminal will have an annual capacity of 105,000 twenty-foot equivalent units (TEU) and 500,000 tonnes general cargo after implementation of the Phase 1 of the Railport. This capacity will be realised on a terminal area of 26.5 hectares, with 20,000 square meters of warehouse storage capacity. The project involves the development of an intermodal hub for freight transport within Turkiye and will facilitate freight rail transport within Turkiye and between Asia and Europe, as well as among European, Balkan and Central Asian countries. The project involves design, construction, equipment and operation of an inland intermodal logistics terminal in Kocaeli, Turkiye.European Bank for Reconstruction and DevelopmentRAILPORT TERMINAL ISLETMELERI ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANKARA39.91987 32.854270.02100674078.61RAILPORT TERMINAL ISLETMELERI ASPRIVATEPRIVATEPRIVATEThe provision of an additional commitment of up to USD 25 million to Railport Terminal Isletmeleri A.S. ("Railport"). The Project Summary Document was originally disclosed on 20 July 2018, and updated on 9 March 2022. A Loan Agreement, in the amount of USD 60 million, was signed between the EBRD and Railport on 19 October 2022 to finance the first private inland terminal to provide intermodal cargo services in Turkiye (the "Project"). The EBRD proceeds will be used for the Project; for the construction of additional warehouse areas. An innovative business concept in Turkiye's transport sector, the Railport will be located in the Kocaeli province of Turkiye, a major industrial hub. It will service industries located within the Ankara, Bilecik, Bolu, Bursa, Duzce, Eskisehir, Kocaeli, Sakarya and Yalova regions. The terminal will have an annual capacity of 105,000 twenty-foot equivalent units (TEU) and 500,000 tonnes general cargo after implementation of the Phase 1 of the Railport. This capacity will be realised on a terminal area of 26.5 hectares, with 20,000 square meters of warehouse storage capacity. The project involves the development of an intermodal hub for freight transport within Turkiye and will facilitate freight rail transport within Turkiye and between Asia and Europe, as well as among European, Balkan and Central Asian countries. The project involves design, construction, equipment and operation of an inland intermodal logistics terminal in Kocaeli, Turkiye. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49522XI-IATI-EBRD-47385European Bank for Reconstruction and DevelopmentThe EBRD transaction is an equity investment of up to EUR 10m by way of subscription to a newly issued convertible redeemable preference stake (the iEBRD Stakei) in Voli doo (ithe Companyi). Voli is the leading retailer in Montenegro, with 53 stores and 28,247 sqm of net selling space. The EBRD investment proceeds will be applied towards financing the expansion of the Companyis store and distribution centre network in Montenegro including for some energy and resource efficiency improvements. The operation will enable the Company to strengthen its supply chain for both wholesale and retail operations, through construction of a new distribution centre (DC), and to expand its retail network through opening of two new stores in Montenegro.European Bank for Reconstruction and DevelopmentVOLI TRADE DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPODGORICA42.44111 19.2636110000000VOLI TRADE DOOPRIVATEPRIVATEPRIVATEThe EBRD transaction is an equity investment of up to EUR 10m by way of subscription to a newly issued convertible redeemable preference stake (the iEBRD Stakei) in Voli doo (ithe Companyi). Voli is the leading retailer in Montenegro, with 53 stores and 28,247 sqm of net selling space. The EBRD investment proceeds will be applied towards financing the expansion of the Companyis store and distribution centre network in Montenegro including for some energy and resource efficiency improvements. The operation will enable the Company to strengthen its supply chain for both wholesale and retail operations, through construction of a new distribution centre (DC), and to expand its retail network through opening of two new stores in Montenegro. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47385XI-IATI-EBRD-52502European Bank for Reconstruction and DevelopmentThe provision of an additional senior loan of up to EUR 55 million in favour of Nakkas Otoyol Yatirim ve Isletme A.S. (the "Borrower", or "SPV"). The Project Summary Document was originally disclosed on 24 August 2023 and updated on 5 July 2024. A loan agreement was signed on 18 October 2024, for a senior loan of EUR 240 million (EUR 195 million A-loan) between EBRD and the Borrower. Ronesans Holding A.S. ("Ronesans") was awarded in 2020 a 20-year concession by the General Directorate of Highways of Turkiye ("KGM") for the construction and operation of a motorway connecting Nakkas and Basaksehir junctions in Istanbul. EBRD proceeds will be used to finance the incremental cost arising from the expropriation-driven delay that will lead to an associated delay in the construction programme of the Nakkas - Basaksehir Motorway (the "Motorway"). The Project constitutes a section of the Northern Marmara Motorway ("NMM") which spans over the Asian and European sides of the wider Istanbul and Marmara regions, providing an alternative transit route bypassing the existing traffic, increased due to the growing population and economic activity. The section to be constructed as part of the Project is expected to provide a corridor between the heavily congested urban areas of Istanbul and increase connectivity from these areas to the wider NMM network.European Bank for Reconstruction and DevelopmentNAKKAS OTOYOL YATIRIM VE ISLETME ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANKARA39.91987 32.8542747648245.12195000000NAKKAS OTOYOL YATIRIM VE ISLETME ASPRIVATEPRIVATEPRIVATEThe provision of an additional senior loan of up to EUR 55 million in favour of Nakkas Otoyol Yatirim ve Isletme A.S. (the "Borrower", or "SPV"). The Project Summary Document was originally disclosed on 24 August 2023 and updated on 5 July 2024. A loan agreement was signed on 18 October 2024, for a senior loan of EUR 240 million (EUR 195 million A-loan) between EBRD and the Borrower. Ronesans Holding A.S. ("Ronesans") was awarded in 2020 a 20-year concession by the General Directorate of Highways of Turkiye ("KGM") for the construction and operation of a motorway connecting Nakkas and Basaksehir junctions in Istanbul. EBRD proceeds will be used to finance the incremental cost arising from the expropriation-driven delay that will lead to an associated delay in the construction programme of the Nakkas - Basaksehir Motorway (the "Motorway"). The Project constitutes a section of the Northern Marmara Motorway ("NMM") which spans over the Asian and European sides of the wider Istanbul and Marmara regions, providing an alternative transit route bypassing the existing traffic, increased due to the growing population and economic activity. The section to be constructed as part of the Project is expected to provide a corridor between the heavily congested urban areas of Istanbul and increase connectivity from these areas to the wider NMM network. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52502XI-IATI-EBRD-48417European Bank for Reconstruction and DevelopmentA loan of up to EUR 50.0 million to "Investiciji ir verslo garantijos" ("INVEGA or the "Borrower", formerly VIPA), an agency of the Ministry of Finance of Lithuania, to finance demand side energy efficiency investments in residential apartment buildings (the "Project"). The Project will help conserve energy, reduce carbon emissions, and encourage the use of energy performance contracts to bring energy efficiency gains in residential apartment buildings.European Bank for Reconstruction and DevelopmentILTE UABEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGVILNIUS54.68916 25.279850000000ILTE UABPRIVATEPRIVATEPRIVATEA loan of up to EUR 50.0 million to "Investiciji ir verslo garantijos" ("INVEGA or the "Borrower", formerly VIPA), an agency of the Ministry of Finance of Lithuania, to finance demand side energy efficiency investments in residential apartment buildings (the "Project"). The Project will help conserve energy, reduce carbon emissions, and encourage the use of energy performance contracts to bring energy efficiency gains in residential apartment buildings. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48417XI-IATI-EBRD-55109European Bank for Reconstruction and DevelopmentThe proposed transaction is an equity commitment of up to EUR 15 million in favour of Morphosis Capital Fund II Coöperatief U.A. (the "Fund"). The Fund will make equity and equity related investments in SMEs, primarily in Romania but also Bulgaria, Croatia, the Czech Republic, Poland and the Slovak Republic, with the objective of generating long-term capital appreciation.European Bank for Reconstruction and DevelopmentMORPHOSIS CAPITAL FUND II COOPERATIEF UAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSOFIA42.69751 23.32415PRAGUE50.08804 14.42076ZAGREB45.81444 15.97798WARSAW52.22977 21.01178BUCHAREST44.43225 26.10626BRATISLAVA48.14816 17.1067411189371.8415000000MORPHOSIS CAPITAL FUND II COOPERATIEF UAPRIVATEPRIVATEPRIVATEThe proposed transaction is an equity commitment of up to EUR 15 million in favour of Morphosis Capital Fund II Coöperatief U.A. (the "Fund"). The Fund will make equity and equity related investments in SMEs, primarily in Romania but also Bulgaria, Croatia, the Czech Republic, Poland and the Slovak Republic, with the objective of generating long-term capital appreciation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55109XI-IATI-EBRD-53787European Bank for Reconstruction and DevelopmentThe transaction is a primary direct equity investment of EUR 3.9m into the share capital of Turk Finansman A.S. ("Kredim"). Other investors include CCL Investments SaRL ("CEECAT Capital"), a private equity fund focused on Emerging Europe, Alpha Associates and Revo Capital, with total financing amount of EUR 10.9m. The investment is a part total equity investment of EUR 13.7m, into Param Group, including Kredim and Turk Elektronik Para A.S. ("Param"). Total financing amount of the EBRD and co-investors is EUR 38m. The investment will enable Kredim to launch buy-now-pay-later ("BNPL") service.European Bank for Reconstruction and DevelopmentTURK FINANSMAN ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.949661491221.03TURK FINANSMAN ASPRIVATEPRIVATEPRIVATEThe transaction is a primary direct equity investment of EUR 3.9m into the share capital of Turk Finansman A.S. ("Kredim"). Other investors include CCL Investments SaRL ("CEECAT Capital"), a private equity fund focused on Emerging Europe, Alpha Associates and Revo Capital, with total financing amount of EUR 10.9m. The investment is a part total equity investment of EUR 13.7m, into Param Group, including Kredim and Turk Elektronik Para A.S. ("Param"). Total financing amount of the EBRD and co-investors is EUR 38m. The investment will enable Kredim to launch buy-now-pay-later ("BNPL") service. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53787XI-IATI-EBRD-53808European Bank for Reconstruction and DevelopmentA senior secured A/B loan of up to USD 230 million, USD 130 million of which is to be provided by the Bank, with 7-year tenor (the "Loan") to Borusan EnBW Enerji Yatirimlari ve Uretim A.S. (the "Borrower", the "Company" or "Borusan EnBW Enerji"), a corporation incorporated in Turkiye. The proceeds of the Loan will be used in the reprofiling of the existing debt balance of the Borrower (and its subsidiaries in the renewable energy portfolio) amounting to USD 350 million to be provided together with commercial banks as parallel lenders (the "Project"). The Project will be carried out in connection with a corporate reorganization of the Borrower and subsidiaries, which will result in the merger of its renewable energy portfolio under the Borrower as a single entity. The Project will improve the balance sheet of the Company to enable the development of new renewable energy investments, supporting the Borrowers ambitious expansion plans.European Bank for Reconstruction and DevelopmentBORUSAN ENBW ENERJI YATIRIMLARI VE URETIM ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.94966105051212.47BORUSAN ENBW ENERJI YATIRIMLARI VE URETIM ASPRIVATEPRIVATEPRIVATEA senior secured A/B loan of up to USD 230 million, USD 130 million of which is to be provided by the Bank, with 7-year tenor (the "Loan") to Borusan EnBW Enerji Yatirimlari ve Uretim A.S. (the "Borrower", the "Company" or "Borusan EnBW Enerji"), a corporation incorporated in Turkiye. The proceeds of the Loan will be used in the reprofiling of the existing debt balance of the Borrower (and its subsidiaries in the renewable energy portfolio) amounting to USD 350 million to be provided together with commercial banks as parallel lenders (the "Project"). The Project will be carried out in connection with a corporate reorganization of the Borrower and subsidiaries, which will result in the merger of its renewable energy portfolio under the Borrower as a single entity. The Project will improve the balance sheet of the Company to enable the development of new renewable energy investments, supporting the Borrowers ambitious expansion plans. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53808XI-IATI-EBRD-54178European Bank for Reconstruction and DevelopmentMediterra Capital Partners III - Null Value The Fund targets equity and quasi-equity investments in lower mid-market companies in Türkiye with the objective of achieving long-term capital growth.European Bank for Reconstruction and DevelopmentMEDITERRA CAPITAL PARTNERS III LPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANKARA39.91987 32.8542720453021.3435000000MEDITERRA CAPITAL PARTNERS III LPPRIVATEPRIVATEPRIVATENull Value The Fund targets equity and quasi-equity investments in lower mid-market companies in Türkiye with the objective of achieving long-term capital growth. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54178XI-IATI-EBRD-55336European Bank for Reconstruction and DevelopmentThe proposed transaction involves provision of up to USD 30m senior loan (the " Loan") to the Borrower to finance its capex plans (USD 20m) and working capital needs (USD 10m). The proposed transaction will enable the Borrower to finance its capex plans in relation to a geothermal tomato greenhouse investment in Aksaray, Turkiye amounting to up to USD 20m and working capital needs associated with its existing commodities business line amounting to up to USD 10m (the "Project").European Bank for Reconstruction and DevelopmentTEAM AGRO GIDA SANAYI VE TICARET ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496618383962.19TEAM AGRO GIDA SANAYI VE TICARET ASPRIVATEPRIVATEPRIVATEThe proposed transaction involves provision of up to USD 30m senior loan (the " Loan") to the Borrower to finance its capex plans (USD 20m) and working capital needs (USD 10m). The proposed transaction will enable the Borrower to finance its capex plans in relation to a geothermal tomato greenhouse investment in Aksaray, Turkiye amounting to up to USD 20m and working capital needs associated with its existing commodities business line amounting to up to USD 10m (the "Project"). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55336XI-IATI-EBRD-55568European Bank for Reconstruction and DevelopmentA sovereign loan of up to EUR 42 million to the Republic of Türkiye represented by the Ministry of Treasury and Finance, which will be on-granted to Osmaniye Municipality in Türkiye ("Municipality"), to finance construction of a new Wastewater Treatment Plant ("WWTP") with a capacity of 75,000m3/day and its ancillary facilities (effluent discharge pipe), including construction supervision services, in the city of Osmaniye ("Project"). The project aims to increase the wastewater treatment capacity and to improve the effluent quality in Osmaniye, a region severely impacted by the catastrophic earthquakes of February 2023, by financing the construction of a new WWTP. The project seeks to achieve EU effluent standards for wastewater quality in Osmaniye and reduce greenhouse gas emissions. The project is expected to improve essential services in the region and support the long-term resilience and sustainability of the city's infrastructure.European Bank for Reconstruction and DevelopmentTÜRKIYE SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANKARA39.91987 32.854274200000042000000TÜRKIYE SOVEREIGNSTATESTATESTATESTATEA sovereign loan of up to EUR 42 million to the Republic of Türkiye represented by the Ministry of Treasury and Finance, which will be on-granted to Osmaniye Municipality in Türkiye ("Municipality"), to finance construction of a new Wastewater Treatment Plant ("WWTP") with a capacity of 75,000m3/day and its ancillary facilities (effluent discharge pipe), including construction supervision services, in the city of Osmaniye ("Project"). The project aims to increase the wastewater treatment capacity and to improve the effluent quality in Osmaniye, a region severely impacted by the catastrophic earthquakes of February 2023, by financing the construction of a new WWTP. The project seeks to achieve EU effluent standards for wastewater quality in Osmaniye and reduce greenhouse gas emissions. The project is expected to improve essential services in the region and support the long-term resilience and sustainability of the city's infrastructure. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55568XI-IATI-EBRD-49507European Bank for Reconstruction and DevelopmentActera Partners III - An equity commitment in favour of Actera III (the "Fund"). The Fund seeks to generate long-term capital gains from equity and quasi-equity investments in mid-cap companies, predominantly in Turkey.European Bank for Reconstruction and DevelopmentACTERA PARTNERS III LPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANKARA39.91987 32.8542715145777.98111974377.77ACTERA PARTNERS III LPPRIVATEPRIVATEPRIVATEAn equity commitment in favour of Actera III (the "Fund"). The Fund seeks to generate long-term capital gains from equity and quasi-equity investments in mid-cap companies, predominantly in Turkey. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49507XI-IATI-EBRD-54084European Bank for Reconstruction and DevelopmentA senior loan of up to EUR 25 million consisting of EUR 15 million committed ("Tranche 1") and EUR 10 million uncommitted financing ("Tranche 2") to provide emergency liquidity support to the City of Dnipro and key municipal utilities/operators - clients of the Bank ("Recipients") - in order to mitigate the effect of the ongoing war in Ukraine on the City's financial position. The proceeds of the Bank's investment will be used for liquidity support to the City and its key municipal companies - clients of the Bank - to compensate for temporary revenue losses and additional expenses due to the ongoing war in Ukraine. The loan will support the City's vital municipal infrastructure providers with operating (i.e., salaries, utilities, etc.) and maintenance costs, servicing the debt under existing projects with the EBRD (if required). The provisions of the EBRD Procurement Policies and Rules shall apply as appropriate. The Project is consistent with the EBRD's Resilience and Livelihoods Framework.European Bank for Reconstruction and DevelopmentCITY OF DNIPROEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGDNIPRO48.4593 35.0386525000000CITY OF DNIPRO15000000CITY OF DNIPRO10000000CITY OF DNIPROSTATESTATESTATESTATEA senior loan of up to EUR 25 million consisting of EUR 15 million committed ("Tranche 1") and EUR 10 million uncommitted financing ("Tranche 2") to provide emergency liquidity support to the City of Dnipro and key municipal utilities/operators - clients of the Bank ("Recipients") - in order to mitigate the effect of the ongoing war in Ukraine on the City's financial position. The proceeds of the Bank's investment will be used for liquidity support to the City and its key municipal companies - clients of the Bank - to compensate for temporary revenue losses and additional expenses due to the ongoing war in Ukraine. The loan will support the City's vital municipal infrastructure providers with operating (i.e., salaries, utilities, etc.) and maintenance costs, servicing the debt under existing projects with the EBRD (if required). The provisions of the EBRD Procurement Policies and Rules shall apply as appropriate. The Project is consistent with the EBRD's Resilience and Livelihoods Framework. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54084XI-IATI-EBRD-52718European Bank for Reconstruction and DevelopmentAn equity investment of up to EUR 50 million in favour of Innova/7 SCA SICAV RAIF (the "Fund") The operation will enable the Fund to make equity and quasi-equity investments in medium-sized companies in the countries of Central and South Eastern Europe, with a primary focus on Poland, with the objective of achieving long-term capital growth.European Bank for Reconstruction and DevelopmentINNOVA 7 SCA SICAV RAIFEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRAGUE50.08804 14.42076TALLINN59.43696 24.75353VILNIUS54.68916 25.2798RIGA56.946 24.10589WARSAW52.22977 21.01178BUCHAREST44.43225 26.10626LJUBLJANA46.05108 14.505139446043.7650000000INNOVA 7 SCA SICAV RAIFPRIVATEPRIVATEPRIVATEAn equity investment of up to EUR 50 million in favour of Innova/7 SCA SICAV RAIF (the "Fund") The operation will enable the Fund to make equity and quasi-equity investments in medium-sized companies in the countries of Central and South Eastern Europe, with a primary focus on Poland, with the objective of achieving long-term capital growth. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52718XI-IATI-EBRD-55751European Bank for Reconstruction and DevelopmentSenior, unsecured, multicurrency loan to Bank of Georgia in the amount of up to USD 100m equivalent for energy efficiency investments under the GCF-GEFF Regional Framework. The loan will be provided in two parallel tranches: (i) EBRD portion of the loan in the amount of up to USD 75m available in GEL, EUR and/or USD, and (ii) GCF portion in the amount of up to USD 25m available in USD or EUR. The proceeds of the loan will be used for financing investments in climate change mitigation and adaptation technologies by local sub-borrowers - individuals, SMEs and corporates.European Bank for Reconstruction and DevelopmentBANK OF GEORGIA JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTBILISI41.69411 44.8336871482325BANK OF GEORGIA JSCPRIVATEPRIVATEPRIVATESenior, unsecured, multicurrency loan to Bank of Georgia in the amount of up to USD 100m equivalent for energy efficiency investments under the GCF-GEFF Regional Framework. The loan will be provided in two parallel tranches: (i) EBRD portion of the loan in the amount of up to USD 75m available in GEL, EUR and/or USD, and (ii) GCF portion in the amount of up to USD 25m available in USD or EUR. The proceeds of the loan will be used for financing investments in climate change mitigation and adaptation technologies by local sub-borrowers - individuals, SMEs and corporates. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55751XI-IATI-EBRD-52441European Bank for Reconstruction and DevelopmentSenior unsecured loan of up to USD 4 million under the GCF GEFF Regional Framework in Armenia ("GEFF Programme"), with 75% to be provided out of EBRD resources and 25% - by Green Climate Fund ("GCF"). The maturity will be 4 years, repayable in 5 equal semi-annual instalments following a grace period of 2 years. The loan will contribute to the objective of building a green economy in Armenia by on-lending to private sector sub-borrowers for investments into climate change mitigation and adaptation technologies and services in line with GCF GEFF Policy Statement.European Bank for Reconstruction and DevelopmentARMSWISSBANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYEREVAN40.18111 44.513612626280.31ARMSWISSBANK CJSCPRIVATEPRIVATEPRIVATESenior unsecured loan of up to USD 4 million under the GCF GEFF Regional Framework in Armenia ("GEFF Programme"), with 75% to be provided out of EBRD resources and 25% - by Green Climate Fund ("GCF"). The maturity will be 4 years, repayable in 5 equal semi-annual instalments following a grace period of 2 years. The loan will contribute to the objective of building a green economy in Armenia by on-lending to private sector sub-borrowers for investments into climate change mitigation and adaptation technologies and services in line with GCF GEFF Policy Statement. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52441XI-IATI-EBRD-49938European Bank for Reconstruction and DevelopmentThe provision of a a local currency loan (equivalent to €2.5 million) to Vodnye Resoursy Marketing for the rehabilitation of water/water utilities in the city of Shymkent. It complements the original loan of €11.3 million signed in 2018. The Project aims to improve water and wastewater system in Shymkent through the implementation of the Priority Investment Programme (the PIP). The PIP includes construction of a new water intake facility and water and wastewater networks rehabilitation. The objective of the Project is to improve the quality of service, increase the coverage area for water and wastewater service provision, reduce accidents and breakdowns on the networks, and cope with increasing volumes of both water and wastewater.European Bank for Reconstruction and DevelopmentVODNYE RESURSY-MARKETING TOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSHYMKENT42.3 69.613591276.19VODNYE RESURSY-MARKETING TOOPRIVATEPRIVATEPRIVATEThe provision of a a local currency loan (equivalent to €2.5 million) to Vodnye Resoursy Marketing for the rehabilitation of water/water utilities in the city of Shymkent. It complements the original loan of €11.3 million signed in 2018. The Project aims to improve water and wastewater system in Shymkent through the implementation of the Priority Investment Programme (the PIP). The PIP includes construction of a new water intake facility and water and wastewater networks rehabilitation. The objective of the Project is to improve the quality of service, increase the coverage area for water and wastewater service provision, reduce accidents and breakdowns on the networks, and cope with increasing volumes of both water and wastewater. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49938XI-IATI-EBRD-56709European Bank for Reconstruction and DevelopmentParticipation of up to EUR 25 million in the 5-year tranche of the Schuldschein issuance of Forvia S.E. The equivalent amount of EBRD proceeds will be made available by Forvia to its subsidiaries in Poland and Czechia for the purpose of implementing their 2026-2028 investment programme, contributing to Forvia's ambitious 2030 climate targets formulated in line with the Science-Based Targets Initiative ("SBTi").European Bank for Reconstruction and DevelopmentFORVIA SEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRAGUE50.08804 14.42076WARSAW52.22977 21.0117825000000FORVIA SEPRIVATEPRIVATEPRIVATEParticipation of up to EUR 25 million in the 5-year tranche of the Schuldschein issuance of Forvia S.E. The equivalent amount of EBRD proceeds will be made available by Forvia to its subsidiaries in Poland and Czechia for the purpose of implementing their 2026-2028 investment programme, contributing to Forvia's ambitious 2030 climate targets formulated in line with the Science-Based Targets Initiative ("SBTi"). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56709XI-IATI-EBRD-57228European Bank for Reconstruction and DevelopmentConvertible note investment in Vidoc Security Lab, an AI-native application security platform providing full-context code analysis and vulnerability detection for enterprise software systems. $3M convertible note investment into Vidoc Security Lab as pre-Series A investmentEuropean Bank for Reconstruction and DevelopmentVIDOC SECURITY LAB INCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.011782626280.31VIDOC SECURITY LAB INCPRIVATEPRIVATEPRIVATEConvertible note investment in Vidoc Security Lab, an AI-native application security platform providing full-context code analysis and vulnerability detection for enterprise software systems. $3M convertible note investment into Vidoc Security Lab as pre-Series A investment For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57228XI-IATI-EBRD-54397European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan to Credit Agricole Egypt S.A.E. ("CAE") of up to USD 20 million under the GCF GEFF Regional Egypt II framework ("GEFF"), of which up to USD 3 million is expected to be co-financed by the Green Climate Fund (GCF). The project will enable CAE (i) to support Egyptian households and private MSMEs for their investments in climate change adaptation and mitigation projects in a gender-responsive way, which is of particular relevance in the context of the high energy intensity of Egypt's economy, and (ii) to accelerate the uptake of high performance technologies and services supporting a green economy in Egypt. Sub-borrowers will include individual households and micro, small and medium-sized enterprises (MSMEs)European Bank for Reconstruction and DevelopmentCREDIT AGRICOLE EGYPT SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.249675580845.6614882255.09CREDIT AGRICOLE EGYPT SAEPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan to Credit Agricole Egypt S.A.E. ("CAE") of up to USD 20 million under the GCF GEFF Regional Egypt II framework ("GEFF"), of which up to USD 3 million is expected to be co-financed by the Green Climate Fund (GCF). The project will enable CAE (i) to support Egyptian households and private MSMEs for their investments in climate change adaptation and mitigation projects in a gender-responsive way, which is of particular relevance in the context of the high energy intensity of Egypt's economy, and (ii) to accelerate the uptake of high performance technologies and services supporting a green economy in Egypt. Sub-borrowers will include individual households and micro, small and medium-sized enterprises (MSMEs) For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54397XI-IATI-EBRD-55087European Bank for Reconstruction and DevelopmentThe provision of a senior unsecured loan to Bank of Alexadria ("AXB") of up to USD 20 million under the GCF GEFF Regional Egypt II framework ("GEFF II"), of which up to USD 3 million is expected to be co-financed by the Green Climate Fund (GCF). The project will enable AXB (i) to support Egyptian households and private MSMEs for their investments in climate change adaptation and mitigation projects in a gender-responsive way, which is of particular relevance in the context of the high energy intensity of Egypt's economy, and (ii) to accelerate the uptake of high performance technologies and services supporting a green economy in Egypt. Sub-borrowers will include individual households and micro, small and medium-sized enterprises (MSMEs).European Bank for Reconstruction and DevelopmentBANK OF ALEXANDRIA SAE (ALEXBANK)European Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496714882255.1BANK OF ALEXANDRIA SAE (ALEXBANK)PRIVATEPRIVATEPRIVATEThe provision of a senior unsecured loan to Bank of Alexadria ("AXB") of up to USD 20 million under the GCF GEFF Regional Egypt II framework ("GEFF II"), of which up to USD 3 million is expected to be co-financed by the Green Climate Fund (GCF). The project will enable AXB (i) to support Egyptian households and private MSMEs for their investments in climate change adaptation and mitigation projects in a gender-responsive way, which is of particular relevance in the context of the high energy intensity of Egypt's economy, and (ii) to accelerate the uptake of high performance technologies and services supporting a green economy in Egypt. Sub-borrowers will include individual households and micro, small and medium-sized enterprises (MSMEs). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55087XI-IATI-EBRD-54261European Bank for Reconstruction and DevelopmentA senior unsecured loan to be provided under the Financial Intermediaries Framework ("FIF") in the amount of up to USD 7.5 mln equivalent (EUR 6.9mln) in favour of Bank Respublika. The proposed loan will support financing of private MSMEs in Azerbaijan, BR's core business, and enhance the bank's LCY medium-term funding base, addressing the acute gaps as per the priorities identified in the FI Sector Strategy and the Country Strategy for Azerbaijan, including reaching out to underserved segments. Following the successful utilisation of two previous MSME facilities, the new one will be the first ever with the GET (Green Economy Transition) component of 50%.European Bank for Reconstruction and DevelopmentBANK RESPUBLIKA OJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBAKU40.37767 49.892016565700.78BANK RESPUBLIKA OJSCPRIVATEPRIVATEPRIVATEA senior unsecured loan to be provided under the Financial Intermediaries Framework ("FIF") in the amount of up to USD 7.5 mln equivalent (EUR 6.9mln) in favour of Bank Respublika. The proposed loan will support financing of private MSMEs in Azerbaijan, BR's core business, and enhance the bank's LCY medium-term funding base, addressing the acute gaps as per the priorities identified in the FI Sector Strategy and the Country Strategy for Azerbaijan, including reaching out to underserved segments. Following the successful utilisation of two previous MSME facilities, the new one will be the first ever with the GET (Green Economy Transition) component of 50%. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54261XI-IATI-EBRD-52449European Bank for Reconstruction and DevelopmentOn 16 April 2021, EBRD invested EUR 30 million in the issuance of EUR 300 million senior preferred bonds under the Project. It represents the first Green Bond issuance in the Slovak Republic and the largest MREL-eligible instrument issued on the local market since the introduction of the EU Bank Recovery and Resolution Directive and the MREL guidelines in the country. On 18 October 2022, EBRD invested EUR 30 million in the issuance of EUR 200 million green senior preferred bonds under the Project. On 9 February 2023, EBRD invested EUR 12 million in the issuance of EUR 300 million green senior preferred bonds under the Project. On 23 April 2024, EBRD invested EUR 30 million in the issuance of EUR 350 million green senior preferred bonds under the Project. On 19 May 2026, EBRD invested EUR 20 million in the issuance of EUR 250 million green senior preferred bonds under the Project. The Project aims to contribute to the resilience of a systemic bank in Slovakia and support very strong Green-impact targets by investing in Green Bonds issued in accordance with the International Capital Market Association Green Bond Principles. The proceeds of the issuances are to be allocated to the financing of green projects in accordance with Tatra's Sustainable Bond Framework.European Bank for Reconstruction and DevelopmentTATRA BANKA ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBRATISLAVA48.14816 17.1067430000000TATRA BANKA ASPRIVATEPRIVATEPRIVATEOn 16 April 2021, EBRD invested EUR 30 million in the issuance of EUR 300 million senior preferred bonds under the Project. It represents the first Green Bond issuance in the Slovak Republic and the largest MREL-eligible instrument issued on the local market since the introduction of the EU Bank Recovery and Resolution Directive and the MREL guidelines in the country. On 18 October 2022, EBRD invested EUR 30 million in the issuance of EUR 200 million green senior preferred bonds under the Project. On 9 February 2023, EBRD invested EUR 12 million in the issuance of EUR 300 million green senior preferred bonds under the Project. On 23 April 2024, EBRD invested EUR 30 million in the issuance of EUR 350 million green senior preferred bonds under the Project. On 19 May 2026, EBRD invested EUR 20 million in the issuance of EUR 250 million green senior preferred bonds under the Project. The Project aims to contribute to the resilience of a systemic bank in Slovakia and support very strong Green-impact targets by investing in Green Bonds issued in accordance with the International Capital Market Association Green Bond Principles. The proceeds of the issuances are to be allocated to the financing of green projects in accordance with Tatra's Sustainable Bond Framework. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52449XI-IATI-EBRD-53252European Bank for Reconstruction and DevelopmentOn 30 December 2021, EBRD's Small Business Investment Committee approved the provision of a senior loan of up to EUR 25mn with a seven-year tenor and bullet repayment at maturity (the "Loan"). The proceeds from the Loan were used to support Rune's capital and operating expenditure associated with the deployment of FTTH Gigabit Passive Optical Networks alongside a club of lenders in the total financing round of EUR 130mn (including an EUR 15mn WC facility). The Bank was allocated EUR 15mn as part of a club of lenders and signed the loan in February 2022. Currently, the Borrower is aiming to raise up to EUR 30mn in an Accordion Facility, allowing the Bank to participate in the facility and provide a senior EUR 10mn loan under the same terms as the original loan. The proceeds from the Accordion Loan will be used to support Rune's continued capital and operating expenditure associated with the deployment of FTTH Gigabit Passive Optical Networks alongside a club of lenders. The Project aims to accelerate fibre roll-out into rural and semi-urban areas not currently connected to fibre broadband ("white zones") and underserved regions, supporting digital inclusion and economic development. In order to facilitate the further roll-out, Rune seeks to unlock the accordion facility to reach new rural areas in Croatia.European Bank for Reconstruction and DevelopmentRUNE LUXEMBOURG SARLEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGZAGREB45.81444 15.97798LJUBLJANA46.05108 14.505132747166.6720000000RUNE LUXEMBOURG SARLPRIVATEPRIVATEPRIVATEOn 30 December 2021, EBRD's Small Business Investment Committee approved the provision of a senior loan of up to EUR 25mn with a seven-year tenor and bullet repayment at maturity (the "Loan"). The proceeds from the Loan were used to support Rune's capital and operating expenditure associated with the deployment of FTTH Gigabit Passive Optical Networks alongside a club of lenders in the total financing round of EUR 130mn (including an EUR 15mn WC facility). The Bank was allocated EUR 15mn as part of a club of lenders and signed the loan in February 2022. Currently, the Borrower is aiming to raise up to EUR 30mn in an Accordion Facility, allowing the Bank to participate in the facility and provide a senior EUR 10mn loan under the same terms as the original loan. The proceeds from the Accordion Loan will be used to support Rune's continued capital and operating expenditure associated with the deployment of FTTH Gigabit Passive Optical Networks alongside a club of lenders. The Project aims to accelerate fibre roll-out into rural and semi-urban areas not currently connected to fibre broadband ("white zones") and underserved regions, supporting digital inclusion and economic development. In order to facilitate the further roll-out, Rune seeks to unlock the accordion facility to reach new rural areas in Croatia. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53252XI-IATI-EBRD-53996European Bank for Reconstruction and DevelopmentProvision of a long-term senior unsecured loan to Banca Intesa Belgrade ("BIB") for on-lending to micro, small and medium enterprises ("MSMEs") in Serbia. The loan is envisaged under the Financial Intermediaries Framework ("FIF"). The project will contribute to the expansion of lending to private businesses through working capital lines and investment loans to SMEs, including enterprises operating in economically less-developed regions of the country. Furthermore, the transaction supports BIB's growth strategy and diversification of its funding sources. Also, the bank will develop a transition plan as defined in the EBRD's Paris Alignment Methodology for indirect finance.European Bank for Reconstruction and DevelopmentBANCA INTESA AD BEOGRADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651350000000BANCA INTESA AD BEOGRADPRIVATEPRIVATEPRIVATEProvision of a long-term senior unsecured loan to Banca Intesa Belgrade ("BIB") for on-lending to micro, small and medium enterprises ("MSMEs") in Serbia. The loan is envisaged under the Financial Intermediaries Framework ("FIF"). The project will contribute to the expansion of lending to private businesses through working capital lines and investment loans to SMEs, including enterprises operating in economically less-developed regions of the country. Furthermore, the transaction supports BIB's growth strategy and diversification of its funding sources. Also, the bank will develop a transition plan as defined in the EBRD's Paris Alignment Methodology for indirect finance. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53996XI-IATI-EBRD-51739European Bank for Reconstruction and DevelopmentA five-year GEL denominated senior unsecured loan in amount of EUR 25 mln provided to Bank of Georgia ("BOG"), one of the largest systemic banks operating in Georgia. The project will further promote the Eastern Partnership SME Competitiveness ("EaP SMEC") Programme, a successor to the DCFTA Programme, in which BoG actively participated since 2016. The proceeds of the Bank's investment will be on-lent by the bank in line with EaP SMEC Programme' Policy Statement to private sector sub-borrowers (MSMEs) in order to upgrade their technologies and equipment up to EU standards including for investments into sustainable technologies and promoting the use of green technologies, thereby enhancing MSMEs' competitiveness. At least 70% of the loan is expected to be GET-eligible, in line with the EaP SMEC programme terms.European Bank for Reconstruction and DevelopmentBANK OF GEORGIA JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTBILISI41.69411 44.8336830446175.46BANK OF GEORGIA JSCPRIVATEPRIVATEPRIVATEA five-year GEL denominated senior unsecured loan in amount of EUR 25 mln provided to Bank of Georgia ("BOG"), one of the largest systemic banks operating in Georgia. The project will further promote the Eastern Partnership SME Competitiveness ("EaP SMEC") Programme, a successor to the DCFTA Programme, in which BoG actively participated since 2016. The proceeds of the Bank's investment will be on-lent by the bank in line with EaP SMEC Programme' Policy Statement to private sector sub-borrowers (MSMEs) in order to upgrade their technologies and equipment up to EU standards including for investments into sustainable technologies and promoting the use of green technologies, thereby enhancing MSMEs' competitiveness. At least 70% of the loan is expected to be GET-eligible, in line with the EaP SMEC programme terms. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51739XI-IATI-EBRD-55233European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to EUR 7 million to be provided under the FIF SME Go Green Programme (the "Programme"), with up to 5 years maturity, including 2 years of grace period. The loan will consist of two equal tranches; the second tranche will be uncommitted and its commitment will be in the EBRD's sole discretion. The facility will be fully guaranteed by the client's ultimate shareholder, Intesa Sanpaolo S.p.A. Proceeds of the Loan will be used for providing sub-loans to eligible SMEs in Bosnia and Herzegovina for improving their competitiveness and trade potential via targeted investments in sustainability practices and the adoption of internationally recognised quality standards, scaling up green economy investments and in particular, greening of agribusiness supply chains and promoting more equitable access to climate and other finance to women-led SMEs. The bank will aim to deliver at least 70% of the proceeds to Green Economy Transition (GET) eligible projects.European Bank for Reconstruction and DevelopmentINTESA SANPAOLO BANKA DD BOSNIA AND HERZEGOVINAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.356447000000INTESA SANPAOLO BANKA DD BOSNIA AND HERZEGOVINAPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to EUR 7 million to be provided under the FIF SME Go Green Programme (the "Programme"), with up to 5 years maturity, including 2 years of grace period. The loan will consist of two equal tranches; the second tranche will be uncommitted and its commitment will be in the EBRD's sole discretion. The facility will be fully guaranteed by the client's ultimate shareholder, Intesa Sanpaolo S.p.A. Proceeds of the Loan will be used for providing sub-loans to eligible SMEs in Bosnia and Herzegovina for improving their competitiveness and trade potential via targeted investments in sustainability practices and the adoption of internationally recognised quality standards, scaling up green economy investments and in particular, greening of agribusiness supply chains and promoting more equitable access to climate and other finance to women-led SMEs. The bank will aim to deliver at least 70% of the proceeds to Green Economy Transition (GET) eligible projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55233XI-IATI-EBRD-53861European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 50 million under the Resilience and Livelihoods Framework in favour of JSC "The State Export-Import Bank of Ukraine" ("Ukreximbank", the "bank") for financing private corporate clients and municipalities in Ukraine affected by the war. This project was approved in the context of the Bank's response to the Russian-led invasion of Ukrainian territory in February 2022. To avoid delays to the delivery of this project, the Bank's President granted a deviation from the ordinary timelines for PSD disclosure, as contemplated by Section V of the Directive on Access to Information. Details of this deviation, and the Bank's response to this situation, can be found on our website. The facility will provide much-needed medium-term financing to Ukreximbank during the wartime and enable the bank to support its private corporate clients and municipalities leveraging on its strategic focus, proven expertise in corporate lending to critical sectors, and strong regional presence.European Bank for Reconstruction and DevelopmentTHE STATE EXPORT-IMPORT BANK OF UKRAINE JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.523850000000THE STATE EXPORT-IMPORT BANK OF UKRAINE JSCPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 50 million under the Resilience and Livelihoods Framework in favour of JSC "The State Export-Import Bank of Ukraine" ("Ukreximbank", the "bank") for financing private corporate clients and municipalities in Ukraine affected by the war. This project was approved in the context of the Bank's response to the Russian-led invasion of Ukrainian territory in February 2022. To avoid delays to the delivery of this project, the Bank's President granted a deviation from the ordinary timelines for PSD disclosure, as contemplated by Section V of the Directive on Access to Information. Details of this deviation, and the Bank's response to this situation, can be found on our website. The facility will provide much-needed medium-term financing to Ukreximbank during the wartime and enable the bank to support its private corporate clients and municipalities leveraging on its strategic focus, proven expertise in corporate lending to critical sectors, and strong regional presence. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53861XI-IATI-EBRD-55047European Bank for Reconstruction and DevelopmentAn equity investment of EUR 10.3 million in Starlight II SARL, a parent company of Pfleiderer Polska z o.o. ("Pfleiderer", the "Company"), a leading Polish manufacturer of wood-based panels. The Bank's funds, together with additional equity contributions from other shareholders, will enable the implementation of a comprehensive value creation plan at the Company and further strengthen its competitive positioning. The project is expected to transform the Company into a highly attractive asset and will further support the private equity ecosystem in Poland during a period of reduced liquidity and increased international investor risk aversion, thus contributing to the resilience of capital markets.European Bank for Reconstruction and DevelopmentSTARLIGHT IIEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGWARSAW52.22977 21.0117810443581.55STARLIGHT IIPRIVATEPRIVATEPRIVATEAn equity investment of EUR 10.3 million in Starlight II SARL, a parent company of Pfleiderer Polska z o.o. ("Pfleiderer", the "Company"), a leading Polish manufacturer of wood-based panels. The Bank's funds, together with additional equity contributions from other shareholders, will enable the implementation of a comprehensive value creation plan at the Company and further strengthen its competitive positioning. The project is expected to transform the Company into a highly attractive asset and will further support the private equity ecosystem in Poland during a period of reduced liquidity and increased international investor risk aversion, thus contributing to the resilience of capital markets. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55047XI-IATI-EBRD-55894European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan to BMCE - Bank of Africa ("BOA") of up to EUR 35 million, as part of a EUR 70m "GEFF +" Package (including also a EUR 35 million MidGEFF loan). Up to EUR 8.75 million is expected to be co-financed by the Green Climate Fund ("GCF") and a comprehensive incentive grants and technical assistance package will be funded by the European Union, as part of the Morocco Decarbonisation and Climate Resilience Programme ("MDCR"), as well as the GCF. The proceeds of the loan will be used by BoA and its leasing subsidiary Maghrebail for on-lending to private companies to finance their climate change mitigation and adaptation investments in a gender-responsive way. The project will promote a green economy in Morocco by supporting private sector Moroccan MSMEs and Midcaps for their investments climate change adaptation and mitigation subprojects in a gender-responsive way. The project will specifically target, among other things: small-scale renewable energy, energy efficiency, green buildings, circular economy, climate adaptation investments (with a particular focus on water efficiency and sustainable land management), digitalisation and blue economy investments.European Bank for Reconstruction and DevelopmentBANK OF AFRICA SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCASABLANCA33.58831 -7.6113826250000BANK OF AFRICA SAPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan to BMCE - Bank of Africa ("BOA") of up to EUR 35 million, as part of a EUR 70m "GEFF +" Package (including also a EUR 35 million MidGEFF loan). Up to EUR 8.75 million is expected to be co-financed by the Green Climate Fund ("GCF") and a comprehensive incentive grants and technical assistance package will be funded by the European Union, as part of the Morocco Decarbonisation and Climate Resilience Programme ("MDCR"), as well as the GCF. The proceeds of the loan will be used by BoA and its leasing subsidiary Maghrebail for on-lending to private companies to finance their climate change mitigation and adaptation investments in a gender-responsive way. The project will promote a green economy in Morocco by supporting private sector Moroccan MSMEs and Midcaps for their investments climate change adaptation and mitigation subprojects in a gender-responsive way. The project will specifically target, among other things: small-scale renewable energy, energy efficiency, green buildings, circular economy, climate adaptation investments (with a particular focus on water efficiency and sustainable land management), digitalisation and blue economy investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55894XI-IATI-EBRD-55358European Bank for Reconstruction and DevelopmentProvision of a senior secured loan in the amount of up to €10 million to UniCredit Bank Serbia ("UCB"). The loan is envisaged under the FIF SME Go Green Programme (the "Programme"). Proceeds of the Loan will be used for providing sub-loans to eligible SMEs in Serbia for improving their competitiveness and trade potential via targeted investments in sustainability practices and the adoption of internationally recognised quality standards, scaling up green economy investments and in particular, greening of agribusiness supply chains and promoting more equitable access to climate and other finance to women-led SMEs. UCB will aim to deliver 70 per cent of the proceeds to Green Economy Transition (GET) eligible projects.European Bank for Reconstruction and DevelopmentUNICREDIT BANK SERBIA JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651310000000UNICREDIT BANK SERBIA JSCPRIVATEPRIVATEPRIVATEProvision of a senior secured loan in the amount of up to €10 million to UniCredit Bank Serbia ("UCB"). The loan is envisaged under the FIF SME Go Green Programme (the "Programme"). Proceeds of the Loan will be used for providing sub-loans to eligible SMEs in Serbia for improving their competitiveness and trade potential via targeted investments in sustainability practices and the adoption of internationally recognised quality standards, scaling up green economy investments and in particular, greening of agribusiness supply chains and promoting more equitable access to climate and other finance to women-led SMEs. UCB will aim to deliver 70 per cent of the proceeds to Green Economy Transition (GET) eligible projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55358XI-IATI-EBRD-52719European Bank for Reconstruction and DevelopmentAn equity commitment of up to EUR 80 million in favour of Enterprise Investors Fund IX, SCSp (the "Fund"). The Fund will make equity and quasi-equity investments primarily in medium-sized companies in the countries of Central and Southeast Europe. The Fund will provide: (i) a vehicle for investors to access the private equity asset class in the region; and (ii) equity and quasi-equity capital, directly and indirectly, to companies in the region.European Bank for Reconstruction and DevelopmentENTERPRISE INVESTORS FUND IX SCSPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTALLINN59.43696 24.75353ZAGREB45.81444 15.97798BUDAPEST47.49835 19.04045VILNIUS54.68916 25.2798RIGA56.946 24.10589WARSAW52.22977 21.01178BUCHAREST44.43225 26.10626BRATISLAVA48.14816 17.1067426162787.0380000000ENTERPRISE INVESTORS FUND IX SCSPPRIVATEPRIVATEPRIVATEAn equity commitment of up to EUR 80 million in favour of Enterprise Investors Fund IX, SCSp (the "Fund"). The Fund will make equity and quasi-equity investments primarily in medium-sized companies in the countries of Central and Southeast Europe. The Fund will provide: (i) a vehicle for investors to access the private equity asset class in the region; and (ii) equity and quasi-equity capital, directly and indirectly, to companies in the region. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52719XI-IATI-EBRD-55253European Bank for Reconstruction and DevelopmentThe Bank has invested USD 90 million in a USD 550 million Sustainability-Linked Eurobond issuance by Ulker Biskuvi Sanayi A.S., one of the leading snackings brands in Turkiye, with a diverse product portfolio which includes biscuits, cakes and chocolates amongst others. The proceeds will be applied towards refinancing of the existing Eurobond maturing in 2025 and for general corporate purposes.European Bank for Reconstruction and DevelopmentULKER BISKUVI SANAYI ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496678788409.35ULKER BISKUVI SANAYI ASPRIVATEPRIVATEPRIVATEThe Bank has invested USD 90 million in a USD 550 million Sustainability-Linked Eurobond issuance by Ulker Biskuvi Sanayi A.S., one of the leading snackings brands in Turkiye, with a diverse product portfolio which includes biscuits, cakes and chocolates amongst others. The proceeds will be applied towards refinancing of the existing Eurobond maturing in 2025 and for general corporate purposes. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55253XI-IATI-EBRD-53258European Bank for Reconstruction and DevelopmentThe transaction entails the provision of a long-term loan of up to USD 50 million to Esan Eczacibasi Endüstryel Hammadeler ve Sanayi ve Ticaret A.S. ("Esan"). The EBRD funds will be used to co-finance resource and energy efficiency related investments at the producing Balya lead-zinc-copper mine in Balikesir province in Turkey including construction of an ore hoisting shaft, upgrade of the existing processing plant, construction of a paste fill plant (subject to regulators' approvals) and renewable energy investments.European Bank for Reconstruction and DevelopmentESAN ECZACIBASI ENDUSTRYEL HAMMADELER VE SANAYI VE TICARET ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBOZUYUK39.90778 30.0366718821675.5743771338.53ESAN ECZACIBASI ENDUSTRYEL HAMMADELER VE SANAYI VE TICARET ASPRIVATEPRIVATEPRIVATEThe transaction entails the provision of a long-term loan of up to USD 50 million to Esan Eczacibasi Endüstryel Hammadeler ve Sanayi ve Ticaret A.S. ("Esan"). The EBRD funds will be used to co-finance resource and energy efficiency related investments at the producing Balya lead-zinc-copper mine in Balikesir province in Turkey including construction of an ore hoisting shaft, upgrade of the existing processing plant, construction of a paste fill plant (subject to regulators' approvals) and renewable energy investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53258XI-IATI-EBRD-56247European Bank for Reconstruction and DevelopmentA sovereign loan of up to EUR 35.5 million to the Republic of Benin to co-finance, alongside the European Investment Bank ("EIB"), the development and modernisation of the municipal solid waste management system in the Grand Nokoue region in southern Benin (the "Project"). The Project will support priority infrastructure aimed at improving collection, sorting, recovery and treatment of municipal solid waste across the Grand Nokoue region, which covers the administrative and economic capitals, Porto-Novo and Cotonou, as well as other relevant municipalities such as Ouidah, Abomey-Calavi and Seme-Kpodji. Together, this region accounts for approximately 20% of Benin's population and 30% of the country's GDP, generating over 600,000 tonnes of municipal solid waste annually. The Bank's proceeds will finance investments such as the acquisition of new trucks and vehicles for waste collection and transport, the improvement of manual sorting facilities at collection points, the construction of sorting centres, the construction of composting plants, the construction of a pilot biogas plant, and the implementation of landfill gas collection and flaring systems, and an upgrade of leachate management systems at the existing landfill sites. The Project builds on preparatory work under the Clean Oceans Initiative, contributing to pollution reduction and sustainable urban development in line with Benin's National Development Plan (2018-2025). The key objective of the Project is to develop and modernise the existing solid waste management system in the Grand Nokoue region to enhance waste sorting and recovery, and reduce landfill dependence in order to mitigate environmental and health impacts. The Project will reduce CO2 and methane emissions and significantly reduce leachates at existing landfill sites. Beyond its environmental impact, the Project aims to strengthen governance and institutional capacity within the state-owned Societe de Gestion des Dechets et de la Salubrite ("SGDS"), particularly regarding tariffs, operational collection and institutional partnerships and create inclusive employment opportunities, particularly for women engaged in the municipal solid waste sector. A complementary Technical Cooperation ("TC") programme will support technical, environmental and social due diligence, while a dedicated governanceiandigender TC will help SGDS operationalise its institutional arrangements with utility partners and develop institutional implementation capacity to promote gender equality through an Equal Opportunities Action Plan ("EOAP").European Bank for Reconstruction and DevelopmentBENIN SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPORTO-NOVO6.49646 2.603593550000035500000BENIN SOVEREIGNSTATESTATESTATESTATEA sovereign loan of up to EUR 35.5 million to the Republic of Benin to co-finance, alongside the European Investment Bank ("EIB"), the development and modernisation of the municipal solid waste management system in the Grand Nokoue region in southern Benin (the "Project"). The Project will support priority infrastructure aimed at improving collection, sorting, recovery and treatment of municipal solid waste across the Grand Nokoue region, which covers the administrative and economic capitals, Porto-Novo and Cotonou, as well as other relevant municipalities such as Ouidah, Abomey-Calavi and Seme-Kpodji. Together, this region accounts for approximately 20% of Benin's population and 30% of the country's GDP, generating over 600,000 tonnes of municipal solid waste annually. The Bank's proceeds will finance investments such as the acquisition of new trucks and vehicles for waste collection and transport, the improvement of manual sorting facilities at collection points, the construction of sorting centres, the construction of composting plants, the construction of a pilot biogas plant, and the implementation of landfill gas collection and flaring systems, and an upgrade of leachate management systems at the existing landfill sites. The Project builds on preparatory work under the Clean Oceans Initiative, contributing to pollution reduction and sustainable urban development in line with Benin's National Development Plan (2018-2025). The key objective of the Project is to develop and modernise the existing solid waste management system in the Grand Nokoue region to enhance waste sorting and recovery, and reduce landfill dependence in order to mitigate environmental and health impacts. The Project will reduce CO2 and methane emissions and significantly reduce leachates at existing landfill sites. Beyond its environmental impact, the Project aims to strengthen governance and institutional capacity within the state-owned Societe de Gestion des Dechets et de la Salubrite ("SGDS"), particularly regarding tariffs, operational collection and institutional partnerships and create inclusive employment opportunities, particularly for women engaged in the municipal solid waste sector. A complementary Technical Cooperation ("TC") programme will support technical, environmental and social due diligence, while a dedicated governanceiandigender TC will help SGDS operationalise its institutional arrangements with utility partners and develop institutional implementation capacity to promote gender equality through an Equal Opportunities Action Plan ("EOAP"). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56247XI-IATI-EBRD-54438European Bank for Reconstruction and DevelopmentThe Bank is considering a senior loan of up to EUR 25m to Saribekir (the "Company"), a leading tin packaging producer in Turkey, to finance the Company's working capital needs and capital investments in Turkey and in international markets. The main objective of the Project is to support the Company's green investment programme and support Saribekir's balance sheet strength.European Bank for Reconstruction and DevelopmentSARIBEKIR AMBALAJ SANAYI VE TICARET ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSOFIA42.69751 23.32415ANKARA39.91987 32.8542711750853.54SARIBEKIR AMBALAJ SANAYI VE TICARET ASPRIVATEPRIVATEPRIVATEThe Bank is considering a senior loan of up to EUR 25m to Saribekir (the "Company"), a leading tin packaging producer in Turkey, to finance the Company's working capital needs and capital investments in Turkey and in international markets. The main objective of the Project is to support the Company's green investment programme and support Saribekir's balance sheet strength. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54438XI-IATI-EBRD-46157European Bank for Reconstruction and DevelopmentA senior secured long-term loan to Agrofusion to partially finance the construction and purchase of equipment for the company's third tomato processing plant in Ukraine and the expansion of the company's tomato farming operations. The Project aims to expand the company's farming operations by cultivating under-utilised fields and using modern efficient technologies; increase tomato processing capacity by using best available techniques and expand sales of the company's high quality and traceable tomato paste into foreign markets.European Bank for Reconstruction and DevelopmentORGANIC SYSTEMS FEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGMYKOLAIV49.52372 23.9852223885000ORGANIC SYSTEMS FEPRIVATEPRIVATEPRIVATEA senior secured long-term loan to Agrofusion to partially finance the construction and purchase of equipment for the company's third tomato processing plant in Ukraine and the expansion of the company's tomato farming operations. The Project aims to expand the company's farming operations by cultivating under-utilised fields and using modern efficient technologies; increase tomato processing capacity by using best available techniques and expand sales of the company's high quality and traceable tomato paste into foreign markets. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/46157XI-IATI-EBRD-48449European Bank for Reconstruction and DevelopmentA facility of up to EUR 50 million under the Trade Facilitation Programme (TFP) for PJSC State Savings Bank of Ukraine ("Oschadbank"). The project is undertaken within a broader effort aimed at facilitating Oschadbank's commercialisation and preparation for eventual privatisation in the context of the state-owned banks' reform program that is developed and being implemented by the Government of Ukraine ("GoU"). This effort will include several stages of financing and Technical Cooperation (below) over a period of up to five years, beginning with the TFP facility and an associated Technical Cooperation Project. The subsequent stages of a broader cooperation in preparation for the privatisation are linked to and conditional upon the progress in (i) improvement of corporate governance; (ii) commercialisation of operations, and (iii) operational overhaul of Oschadbank. In addition, the project will directly help to enhance international trade involving Ukrainian companies.European Bank for Reconstruction and DevelopmentOSCHADBANK JSC (STATE SAVINGS BANK OF UKRAINE)European Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.523838603031.46338405609.68OSCHADBANK JSC (STATE SAVINGS BANK OF UKRAINE)PRIVATEPRIVATEPRIVATEA facility of up to EUR 50 million under the Trade Facilitation Programme (TFP) for PJSC State Savings Bank of Ukraine ("Oschadbank"). The project is undertaken within a broader effort aimed at facilitating Oschadbank's commercialisation and preparation for eventual privatisation in the context of the state-owned banks' reform program that is developed and being implemented by the Government of Ukraine ("GoU"). This effort will include several stages of financing and Technical Cooperation (below) over a period of up to five years, beginning with the TFP facility and an associated Technical Cooperation Project. The subsequent stages of a broader cooperation in preparation for the privatisation are linked to and conditional upon the progress in (i) improvement of corporate governance; (ii) commercialisation of operations, and (iii) operational overhaul of Oschadbank. In addition, the project will directly help to enhance international trade involving Ukrainian companies. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48449XI-IATI-EBRD-48212European Bank for Reconstruction and DevelopmentProvision of a multicurrency senior loan of up to EUR 125 million equivalent in support of Grupa Azoty Polyolefins S.A. ("PDHP"), a subsidiary of Grupa Azoty Zaklady Chemiczne "Police" S.A. ("GA Police") and Grupa Azoty S.A. ("Grupa Azoty"), which is considering the construction and operation of an integrated propane dehydrogenation unit ("PDH") and polypropylene unit ("PP") to manufacture propylene and polypropylene. The facilities will be located in the town of Police, adjacent to the existing facilities of GA Police and will have access to its utilities and infrastructure. The project will diversify Grupa Azoty's business by improving the efficiency of its operations as well as expanding the product range. The latter is being addressed by adding new products allowing the Group to diversify away from the fertiliser business.European Bank for Reconstruction and DevelopmentGRUPA AZOTY POLYOLEFINS SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPOLICE14.57182 53.55214119863696.06GRUPA AZOTY POLYOLEFINS SAPRIVATEPRIVATEPRIVATEProvision of a multicurrency senior loan of up to EUR 125 million equivalent in support of Grupa Azoty Polyolefins S.A. ("PDHP"), a subsidiary of Grupa Azoty Zaklady Chemiczne "Police" S.A. ("GA Police") and Grupa Azoty S.A. ("Grupa Azoty"), which is considering the construction and operation of an integrated propane dehydrogenation unit ("PDH") and polypropylene unit ("PP") to manufacture propylene and polypropylene. The facilities will be located in the town of Police, adjacent to the existing facilities of GA Police and will have access to its utilities and infrastructure. The project will diversify Grupa Azoty's business by improving the efficiency of its operations as well as expanding the product range. The latter is being addressed by adding new products allowing the Group to diversify away from the fertiliser business. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48212XI-IATI-EBRD-47716European Bank for Reconstruction and DevelopmentEBRD is providing a sovereign guaranteed loan to HAC in the amount of up to EUR 250 million to Hrvatske autoceste ("HAC"), which will be provided in two tranches as follows: Tranche A - a committed tranche in the amount of up to EUR 200 million to refinance a portion of HAC's debt falling due in 2016 as part of a EUR 2.0 billion refinancing programme planned by HAC and the Government of the Republic of Croatia (the "Government"). Tranche B - an uncommitted tranche in the amount of up to EUR 50 million to finance (i) labour restructuring costs in the amount of up to EUR 30 million; (ii) capex in the amount of up to EUR 16.5 million as part of the operational restructuring programme; (iv) operational restructuring and privatisation consultant in the amount of up to EUR 3 million. The commitment of Tranche B shall be at the Bank's sole discretion and achievement of certain reform milestones. The proposed project will support the restructuring and modernisation of HAC and its subsidiary HAC-ONC, encompassing operational and financial restructuring, which is needed prior to any future privatisation. The project will support the restructuring and modernisation of HAC and its subsidiary HAC-ONC, encompassing operational and financial restructuring, which is needed prior to any future privatisation.European Bank for Reconstruction and DevelopmentHRVATSKE AUTOCESTE DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGZAGREB45.81444 15.97798250000000HRVATSKE AUTOCESTE DOO2000000HRVATSKE AUTOCESTE DOO99000000HRVATSKE AUTOCESTE DOO99000000HRVATSKE AUTOCESTE DOO500000HRVATSKE AUTOCESTE DOO500000HRVATSKE AUTOCESTE DOO2900000HRVATSKE AUTOCESTE DOO8000000HRVATSKE AUTOCESTE DOOSTATESTATESTATESTATEEBRD is providing a sovereign guaranteed loan to HAC in the amount of up to EUR 250 million to Hrvatske autoceste ("HAC"), which will be provided in two tranches as follows: Tranche A - a committed tranche in the amount of up to EUR 200 million to refinance a portion of HAC's debt falling due in 2016 as part of a EUR 2.0 billion refinancing programme planned by HAC and the Government of the Republic of Croatia (the "Government"). Tranche B - an uncommitted tranche in the amount of up to EUR 50 million to finance (i) labour restructuring costs in the amount of up to EUR 30 million; (ii) capex in the amount of up to EUR 16.5 million as part of the operational restructuring programme; (iv) operational restructuring and privatisation consultant in the amount of up to EUR 3 million. The commitment of Tranche B shall be at the Bank's sole discretion and achievement of certain reform milestones. The proposed project will support the restructuring and modernisation of HAC and its subsidiary HAC-ONC, encompassing operational and financial restructuring, which is needed prior to any future privatisation. The project will support the restructuring and modernisation of HAC and its subsidiary HAC-ONC, encompassing operational and financial restructuring, which is needed prior to any future privatisation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47716XI-IATI-EBRD-50985European Bank for Reconstruction and DevelopmentProvision of a financing package of up to USD 70 million to QNB AlAhli Bank SAE. The facility will comprise: i. a senior loan of up to USD 20 million under the Egypt Green Energy Financing Facility ("EgyptGEFF"); ii. a senior loan of up to USD 20 million under the regional GCF GEFF, of which up to USD 5 million is expected to be co-financed by the Green Climate Fund under the same conditions; iii. a senior loan of up to USD 30 million value chain financing composed of (i) a loan under the Green Value Chain framework, of which up to USD 7.5 million is expected to be co-financed by Green Climate Fund under the same conditions, and/or (ii) a loan for on-lending to private small and medium enterprises. The EBRD loan will enable QNB AlAhli (i) to support on-lending to private sub-borrowers for green, Energy Efficiency (EE) and Renewable Energy (RE) projects, which are of particular relevance in the context of high energy intensity of the Egyptian economy, and (ii) to support high performance technologies and services supporting a green economy and boosting the competitiveness of Small and Medium Enterprises (SMEs) part of a value chain.European Bank for Reconstruction and DevelopmentQATAR NATIONAL BANK SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496714882255.1QATAR NATIONAL BANK SAEPRIVATEPRIVATEPRIVATEProvision of a financing package of up to USD 70 million to QNB AlAhli Bank SAE. The facility will comprise: i. a senior loan of up to USD 20 million under the Egypt Green Energy Financing Facility ("EgyptGEFF"); ii. a senior loan of up to USD 20 million under the regional GCF GEFF, of which up to USD 5 million is expected to be co-financed by the Green Climate Fund under the same conditions; iii. a senior loan of up to USD 30 million value chain financing composed of (i) a loan under the Green Value Chain framework, of which up to USD 7.5 million is expected to be co-financed by Green Climate Fund under the same conditions, and/or (ii) a loan for on-lending to private small and medium enterprises. The EBRD loan will enable QNB AlAhli (i) to support on-lending to private sub-borrowers for green, Energy Efficiency (EE) and Renewable Energy (RE) projects, which are of particular relevance in the context of high energy intensity of the Egyptian economy, and (ii) to support high performance technologies and services supporting a green economy and boosting the competitiveness of Small and Medium Enterprises (SMEs) part of a value chain. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50985XI-IATI-EBRD-56606European Bank for Reconstruction and DevelopmentA senior secured loan of up to €2 million to be provided in one tranche to ABSA under the FIF - Go Digital in the Western Balkans Programme ("Go Digital in WB" or "Programme"). The transaction will support the aim of the Programme to: (i) advance innovation and competitiveness of the private sector via targeted investments among SMEs for a higher utilisation of digitalisation and automation technologies; (ii) support transition to green economy ("GET technologies"); (iii) increase the capacity and trade potential of SMEs via increased access to finance to allow them to invest additional resources to introduce EU standards; and (iv) promote more equitable access to finance for automation and digitalisation investments for women-led SMEs, and improve the competitiveness and sustainability of end-benecifiaries business operations. In addition, it will facilitate the launch of a Regional Training Academy, equipping MSMEs with business competencies emphasizing resilience, growth and regional cooperationEuropean Bank for Reconstruction and DevelopmentADDIKO BANK DD SARAJEVOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.356442000000ADDIKO BANK DD SARAJEVOPRIVATEPRIVATEPRIVATEA senior secured loan of up to €2 million to be provided in one tranche to ABSA under the FIF - Go Digital in the Western Balkans Programme ("Go Digital in WB" or "Programme"). The transaction will support the aim of the Programme to: (i) advance innovation and competitiveness of the private sector via targeted investments among SMEs for a higher utilisation of digitalisation and automation technologies; (ii) support transition to green economy ("GET technologies"); (iii) increase the capacity and trade potential of SMEs via increased access to finance to allow them to invest additional resources to introduce EU standards; and (iv) promote more equitable access to finance for automation and digitalisation investments for women-led SMEs, and improve the competitiveness and sustainability of end-benecifiaries business operations. In addition, it will facilitate the launch of a Regional Training Academy, equipping MSMEs with business competencies emphasizing resilience, growth and regional cooperation For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56606XI-IATI-EBRD-56748European Bank for Reconstruction and DevelopmentProvision of a sovereign loan of up to EUR 20.9 million to the Republic of North Macedonia (the "Borrower") for the benefit of the Macedonian Railways Transport Joint Stock Company Skopje ("MRT", or the "Company"), the national railway operator of the Republic of North Macedonia, to finance the purchase of (i) up to five new electric locomotives, including spare parts, to be used for freight transport and (ii) an enterprise resource planning ("ERP") system (the "Project"). The Project will help the Company enhance the efficiency and sustainability of its operations, improve quality and safety of its freight transport, and reduce CO2 emissions.European Bank for Reconstruction and DevelopmentNORTH MACEDONIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.431412069100020900000NORTH MACEDONIA SOVEREIGN209000NORTH MACEDONIA SOVEREIGNSTATESTATESTATESTATEProvision of a sovereign loan of up to EUR 20.9 million to the Republic of North Macedonia (the "Borrower") for the benefit of the Macedonian Railways Transport Joint Stock Company Skopje ("MRT", or the "Company"), the national railway operator of the Republic of North Macedonia, to finance the purchase of (i) up to five new electric locomotives, including spare parts, to be used for freight transport and (ii) an enterprise resource planning ("ERP") system (the "Project"). The Project will help the Company enhance the efficiency and sustainability of its operations, improve quality and safety of its freight transport, and reduce CO2 emissions. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56748XI-IATI-EBRD-52470European Bank for Reconstruction and DevelopmentThe Project supported Mersin Metropolitan Municipality through a EUR 15 million senior unsecured EBRD loan and a EUR 7 million investment grant from the EBRD Shareholder Special Fund ("SSF") to modernise and expand its public transport network. The Project ultimately financed the procurement of 118 CNG buses, exceeding the original target of 100 buses as a result of favourable procurement outcomes. The buses have been delivered and operational since 2022. The proceeds of the loan and the capex grants were utilised to finance the procurement of 118 new CNG powered buses (Euro 6 standard). The Project expanded the urban transport capacity in Mersin and relieved pressure on existing municipal services by providing extra capacity and better quality services. By virtue of this investment, the average vehicle age of the bus fleet of the City was reduced by: (i) the replacement of 44 ageing diesel buses (Euro 1 standard, 1990-99 model) that were experiencing frequent breakdowns; and (ii) the addition of 74 new CNG buses that expanded the fleet and enhanced service coverage and capacity across the network.European Bank for Reconstruction and DevelopmentMUNICIPALITY OF MERSINEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGMERSIN36.81196 34.6388615000000MUNICIPALITY OF MERSIN1462794.55MUNICIPALITY OF MERSIN4728795.19MUNICIPALITY OF MERSIN3352103.68MUNICIPALITY OF MERSIN4939420.9MUNICIPALITY OF MERSIN111717.14MUNICIPALITY OF MERSIN42286.32MUNICIPALITY OF MERSIN125939.67MUNICIPALITY OF MERSIN15984.74MUNICIPALITY OF MERSINSTATESTATESTATESTATEThe Project supported Mersin Metropolitan Municipality through a EUR 15 million senior unsecured EBRD loan and a EUR 7 million investment grant from the EBRD Shareholder Special Fund ("SSF") to modernise and expand its public transport network. The Project ultimately financed the procurement of 118 CNG buses, exceeding the original target of 100 buses as a result of favourable procurement outcomes. The buses have been delivered and operational since 2022. The proceeds of the loan and the capex grants were utilised to finance the procurement of 118 new CNG powered buses (Euro 6 standard). The Project expanded the urban transport capacity in Mersin and relieved pressure on existing municipal services by providing extra capacity and better quality services. By virtue of this investment, the average vehicle age of the bus fleet of the City was reduced by: (i) the replacement of 44 ageing diesel buses (Euro 1 standard, 1990-99 model) that were experiencing frequent breakdowns; and (ii) the addition of 74 new CNG buses that expanded the fleet and enhanced service coverage and capacity across the network. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52470XI-IATI-EBRD-52681European Bank for Reconstruction and DevelopmentA long-term loan of up to USD 50m (or the equivalent in TRY) in favour of Bunge Gida Sanayi ve Ticaret A.S. (the "Borrower"), a Turkish Borrower primarily engaged in the crushing, refining and bottling of branded and private label edible oils, to finance the Company's working capital needs and capital investments at Bunge's plants in Ayvalik and Thrace. In addition, EBRD and Bunge will partner in sustainability projects in the country. The Project will enhance access to skills and economic opportunities for women farmers through the introduction of a training programme on more sustainable and productivity enhancing agricultural practices in olive farming. The Borrower will offer support and knowledge sharing to farmers on the use of climate smart practices in agriculture. The Bank will also support the Borrower to develop certified organic olive production by increasing the procurement of organic certified olive oil in Turkey, and supporting the launch of a technical cooperation assignment that will analyse the climate change resilience of the olive supply chain in order to identify areas of improvement in the carbon footprint of olive farming.European Bank for Reconstruction and DevelopmentBUNGE GIDA SANAYI VE TICARET ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496643444865.35BUNGE GIDA SANAYI VE TICARET ASPRIVATEPRIVATEPRIVATEA long-term loan of up to USD 50m (or the equivalent in TRY) in favour of Bunge Gida Sanayi ve Ticaret A.S. (the "Borrower"), a Turkish Borrower primarily engaged in the crushing, refining and bottling of branded and private label edible oils, to finance the Company's working capital needs and capital investments at Bunge's plants in Ayvalik and Thrace. In addition, EBRD and Bunge will partner in sustainability projects in the country. The Project will enhance access to skills and economic opportunities for women farmers through the introduction of a training programme on more sustainable and productivity enhancing agricultural practices in olive farming. The Borrower will offer support and knowledge sharing to farmers on the use of climate smart practices in agriculture. The Bank will also support the Borrower to develop certified organic olive production by increasing the procurement of organic certified olive oil in Turkey, and supporting the launch of a technical cooperation assignment that will analyse the climate change resilience of the olive supply chain in order to identify areas of improvement in the carbon footprint of olive farming. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52681XI-IATI-EBRD-53951European Bank for Reconstruction and DevelopmentThe provision of USD 20 million (EUR 20 million) long-term senior loan (the "Loan") to a soft drinks producer incorporated in Turkiye, Uludag Icecek Turk A.S. The Bank's financing will be used to finance (i) new warehouse for its Yenice plant, (ii) a wastewater recovery facility for its Caybasi factory, and (iii) solar panel investments for both factories.European Bank for Reconstruction and DevelopmentULUDAG ICECEK TURK ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBURSA40.19559 29.0601319000000ULUDAG ICECEK TURK ASPRIVATEPRIVATEPRIVATEThe provision of USD 20 million (EUR 20 million) long-term senior loan (the "Loan") to a soft drinks producer incorporated in Turkiye, Uludag Icecek Turk A.S. The Bank's financing will be used to finance (i) new warehouse for its Yenice plant, (ii) a wastewater recovery facility for its Caybasi factory, and (iii) solar panel investments for both factories. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53951XI-IATI-EBRD-54527European Bank for Reconstruction and DevelopmentA EUR 11 million senior secured long-term loan to Karpaty Mineral Water Group, a Ukrainian beverage producer. The loan will be used to finance the construction and commissioning of a greenfield beverage production plant with an annual effective capacity of 200 million bottles of beverages in Lviv region, Western Ukraine. The new facility uses modern equipment, ensuring significantly improved resource efficiency compared to the existing plant. The Project is expected to enhance the Group's competitiveness, improve its production efficiency and environmental footprint.European Bank for Reconstruction and DevelopmentCARPATHIAN MINERAL WATERS LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGLVIV49.83826 24.023242999999.9910855361.67CARPATHIAN MINERAL WATERS LLCPRIVATEPRIVATEPRIVATEA EUR 11 million senior secured long-term loan to Karpaty Mineral Water Group, a Ukrainian beverage producer. The loan will be used to finance the construction and commissioning of a greenfield beverage production plant with an annual effective capacity of 200 million bottles of beverages in Lviv region, Western Ukraine. The new facility uses modern equipment, ensuring significantly improved resource efficiency compared to the existing plant. The Project is expected to enhance the Group's competitiveness, improve its production efficiency and environmental footprint. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54527XI-IATI-EBRD-54754European Bank for Reconstruction and DevelopmentA Resilience and Livelihoods Guarantee ("RLG") sub-limit* under the Resilience and Livelihoods Framework, in the form of an unfunded portfolio risk-sharing instrument in the amount of up to EUR 8 million. The guarantee covers up to 50 per cent of the credit risk in newly originated sub-loans with the total value of EUR 32 million equivalent (the "Covered Portfolio") subject to total 50 per cent of portfolio cap. The RLG facility will be delivered in two equal tranches, with the second tranche being uncommitted. * This sub-limit is part of EBRD's broader RLG facility to Ukreximbank, covered by OpIDs 54754 and 54838 (under Resilience and Livelihoods Framework and Financial Intermediaries Framework, respectively), jointly referred to as the RLG Project. Both OpIDs are to be regulated under a single risk participation agreement with the PFI. The Facility will be used to support lending to Ukrainian private companies operating in the primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in Ukraine.European Bank for Reconstruction and DevelopmentTHE STATE EXPORT-IMPORT BANK OF UKRAINE JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.523880000008000000THE STATE EXPORT-IMPORT BANK OF UKRAINE JSCPRIVATEPRIVATEPRIVATEA Resilience and Livelihoods Guarantee ("RLG") sub-limit* under the Resilience and Livelihoods Framework, in the form of an unfunded portfolio risk-sharing instrument in the amount of up to EUR 8 million. The guarantee covers up to 50 per cent of the credit risk in newly originated sub-loans with the total value of EUR 32 million equivalent (the "Covered Portfolio") subject to total 50 per cent of portfolio cap. The RLG facility will be delivered in two equal tranches, with the second tranche being uncommitted. * This sub-limit is part of EBRD's broader RLG facility to Ukreximbank, covered by OpIDs 54754 and 54838 (under Resilience and Livelihoods Framework and Financial Intermediaries Framework, respectively), jointly referred to as the RLG Project. Both OpIDs are to be regulated under a single risk participation agreement with the PFI. The Facility will be used to support lending to Ukrainian private companies operating in the primary and secondary agriculture and other critical industries (inter alia food processing, retail, logistics), with the ultimate goal of preserving livelihoods in Ukraine. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54754XI-IATI-EBRD-54774European Bank for Reconstruction and DevelopmentEUR 10 million senior secured term loan to Tayfun-Plus PE, one of the two largest producers of oak lamella in Ukraine. The Loan will be used to finance the working capital needs of the Company, essential capex aimed at cost-cutting measures and renewable energy generation facility.European Bank for Reconstruction and DevelopmentTAYFUN-PLUS PEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGLVIV49.83826 24.023243000000TAYFUN-PLUS PEPRIVATEPRIVATEPRIVATEEUR 10 million senior secured term loan to Tayfun-Plus PE, one of the two largest producers of oak lamella in Ukraine. The Loan will be used to finance the working capital needs of the Company, essential capex aimed at cost-cutting measures and renewable energy generation facility. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54774XI-IATI-EBRD-50166European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan in the amount of up to USD 2 million equivalent in local currency to Converse Bank for on-lending to women-led MSMEs in the frames of the Women in Business (WiB) Programme in the Eastern Partnership countries. The project aims to promote women's entrepreneurship and participation in business by improving their access to finance and advice through dedicated credit lines and tailored technical assistance programmes. A special focus will be given to distribution of funds in the regions and outreach to new customers.European Bank for Reconstruction and DevelopmentCONVERSE BANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYEREVAN40.18111 44.513612381717.96CONVERSE BANK CJSCPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan in the amount of up to USD 2 million equivalent in local currency to Converse Bank for on-lending to women-led MSMEs in the frames of the Women in Business (WiB) Programme in the Eastern Partnership countries. The project aims to promote women's entrepreneurship and participation in business by improving their access to finance and advice through dedicated credit lines and tailored technical assistance programmes. A special focus will be given to distribution of funds in the regions and outreach to new customers. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50166XI-IATI-EBRD-51734European Bank for Reconstruction and DevelopmentSenior unsecured loan of up to USD 4 million for SME financing under the SME Competitiveness Programme in EAP ("SME Competitiveness Programme"). The maturity will be 4 years, repayable in 5 equal semi-annual instalments following a grace period of 2 years. The loan will contribute to the objective of upgrading technology and equipment of Armenian MSMEs to EU standards in terms of product quality, health and safety measures and environmental preservation. At least 70 per cent of all financed sub-loans are expected to be compliant with EBRD Green Economy Transition (GET) approach.European Bank for Reconstruction and DevelopmentARMSWISSBANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYEREVAN40.18111 44.513613501707.08ARMSWISSBANK CJSCPRIVATEPRIVATEPRIVATESenior unsecured loan of up to USD 4 million for SME financing under the SME Competitiveness Programme in EAP ("SME Competitiveness Programme"). The maturity will be 4 years, repayable in 5 equal semi-annual instalments following a grace period of 2 years. The loan will contribute to the objective of upgrading technology and equipment of Armenian MSMEs to EU standards in terms of product quality, health and safety measures and environmental preservation. At least 70 per cent of all financed sub-loans are expected to be compliant with EBRD Green Economy Transition (GET) approach. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51734XI-IATI-EBRD-53434European Bank for Reconstruction and DevelopmentSenior unsecured loan to ACBA bank of up to USD 7 million for SME financing under the SME Competitiveness Programme in EAP ("SME Competitiveness Programme"). The project will enable ACBA to finance long-term investments of Armenian MSMEs in upgrading their technology and equipment necessary to meet EU standards in terms of product quality, health and safety measures and environmental preservation. At least 70 per cent of all financed sub-loans are expected to be compliant with EBRD Green Economy Transition (GET) approach. In addition to long-term financing, eligible sub-borrowers will receive technical assistance and grant support in the form of investment incentives upon the completion of their investment projects.European Bank for Reconstruction and DevelopmentACBA BANK OJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGYEREVAN40.18111 44.513616127987.39ACBA BANK OJSCPRIVATEPRIVATEPRIVATESenior unsecured loan to ACBA bank of up to USD 7 million for SME financing under the SME Competitiveness Programme in EAP ("SME Competitiveness Programme"). The project will enable ACBA to finance long-term investments of Armenian MSMEs in upgrading their technology and equipment necessary to meet EU standards in terms of product quality, health and safety measures and environmental preservation. At least 70 per cent of all financed sub-loans are expected to be compliant with EBRD Green Economy Transition (GET) approach. In addition to long-term financing, eligible sub-borrowers will receive technical assistance and grant support in the form of investment incentives upon the completion of their investment projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53434XI-IATI-EBRD-51424European Bank for Reconstruction and DevelopmentAn equity investment of up to EUR 20 million in favour of Amethis MENA Fund II S.C.A., SICAV-RAIF (the "Fund"). The Fund will seek to achieve long-term capital growth by making equity and equity-linked investments, predominantly in small and medium-sized companies in Morocco, Tunisia, Egypt and Jordan.European Bank for Reconstruction and DevelopmentAMETHIS MENA FUND II SCA SICAV RAIFEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.24967AMMAN31.95522 35.94503RABAT34.01325 -6.83255TUNIS36.81897 10.16579469200020000000AMETHIS MENA FUND II SCA SICAV RAIFPRIVATEPRIVATEPRIVATEAn equity investment of up to EUR 20 million in favour of Amethis MENA Fund II S.C.A., SICAV-RAIF (the "Fund"). The Fund will seek to achieve long-term capital growth by making equity and equity-linked investments, predominantly in small and medium-sized companies in Morocco, Tunisia, Egypt and Jordan. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51424XI-IATI-EBRD-54257European Bank for Reconstruction and DevelopmentThe Project consists of construction of a new production facility adjacent to the existing production plant in Cuprija, Serbia, acquisition of new energy-efficient production lines and equipment, and working capital financing. The Project will effectively increase the Company's capacity. The new plant will be a virtual replica of the existing one, but will operate state-of-the-art equipment, with much higher energy and production efficiency. As a result, the investment will result in reduced energy usage compared to existing equipment and to equipment which would have been acquired without EBRD involvement.European Bank for Reconstruction and DevelopmentFEKA AUTOMOTIVE DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCUPRIJA43.9275 21.379000000FEKA AUTOMOTIVE DOOPRIVATEPRIVATEPRIVATEThe Project consists of construction of a new production facility adjacent to the existing production plant in Cuprija, Serbia, acquisition of new energy-efficient production lines and equipment, and working capital financing. The Project will effectively increase the Company's capacity. The new plant will be a virtual replica of the existing one, but will operate state-of-the-art equipment, with much higher energy and production efficiency. As a result, the investment will result in reduced energy usage compared to existing equipment and to equipment which would have been acquired without EBRD involvement. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54257XI-IATI-EBRD-52319European Bank for Reconstruction and DevelopmentLong term financing for existing client VEZ Svoghe AD in the context of the company's acquisition by an experienced renewable energy developer. The proceeds of the loan will be used to refinance the existing EBRD loan and provide additional funds to enable the sponsor to develop new greenfield renewable energy projects (wind or solar) in countries where the EBRD invests, of a minimum amount equivalent to the EBRD loan amount. The EBRD loan will support the sponsor, an experienced international renewable operator to expand its activities in Bulgaria and enable the development and financing of its renewable energy pipeline in Central and Southeast Europe to be constructed over the next four years.European Bank for Reconstruction and DevelopmentVEZ SVOGHE EOODEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSOFIA42.69751 23.3241515972173VEZ SVOGHE EOODPRIVATEPRIVATEPRIVATELong term financing for existing client VEZ Svoghe AD in the context of the company's acquisition by an experienced renewable energy developer. The proceeds of the loan will be used to refinance the existing EBRD loan and provide additional funds to enable the sponsor to develop new greenfield renewable energy projects (wind or solar) in countries where the EBRD invests, of a minimum amount equivalent to the EBRD loan amount. The EBRD loan will support the sponsor, an experienced international renewable operator to expand its activities in Bulgaria and enable the development and financing of its renewable energy pipeline in Central and Southeast Europe to be constructed over the next four years. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52319XI-IATI-EBRD-55217European Bank for Reconstruction and DevelopmentSenior loan of up to USD 42 million (the "Loan") in favour of Kavram Enerji Yatirim Uretim ve Ticaret A.S. (the "Borrower" or "Kavram Enerji"), a private company incorporated in Turkiye. The proceeds of the Loan will be used for the development and construction of (i) a 55MW hybrid solar PV co-located with the Borrower's operational Uluborlu wind power plant (61MW) in the Isparta province and (ii) a 20MW hybrid solar PV co-located with the Borrower's operational Gunaydin wind power plant (21MW) in the Balikesir province.European Bank for Reconstruction and DevelopmentKAVRAM ENERJI YATIRIM URETIM VE TICARET ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496645347106.72KAVRAM ENERJI YATIRIM URETIM VE TICARET ASPRIVATEPRIVATEPRIVATESenior loan of up to USD 42 million (the "Loan") in favour of Kavram Enerji Yatirim Uretim ve Ticaret A.S. (the "Borrower" or "Kavram Enerji"), a private company incorporated in Turkiye. The proceeds of the Loan will be used for the development and construction of (i) a 55MW hybrid solar PV co-located with the Borrower's operational Uluborlu wind power plant (61MW) in the Isparta province and (ii) a 20MW hybrid solar PV co-located with the Borrower's operational Gunaydin wind power plant (21MW) in the Balikesir province. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55217XI-IATI-EBRD-56485European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 25 million consisting of EUR 23.5 million EBRD financing and EUR 1.5 million in concessional finance component to be provided by TaiwanICDF in favour of BNP Paribas Finansal Kiralama A.S. (the ''Company"). The project will enable the Company to finance sub-borrowers implementing green economy investments and promote equal access to green finance for both women and men. Under this operation, the Company will use 30% of the financing to support green investments in the regions affected by the February 2023 earthquakes of Türkiye ("Affected Regions") and the operation is therefore complemented by concessional finance. The loan will be used by the Company for on-lending to eligible sub-borrowers, including in the Affected Regions implementing GET-aligned green investments including among others energy efficiency, renewable energy and climate resilience measures, including sustainable agriculture, nature and biodiversity, as well as sustainable transport and tourism, while promoting equal access to green finance for both women and men.European Bank for Reconstruction and DevelopmentBNP PARIBAS FINANSAL KIRALAMA ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496614100000BNP PARIBAS FINANSAL KIRALAMA ASPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 25 million consisting of EUR 23.5 million EBRD financing and EUR 1.5 million in concessional finance component to be provided by TaiwanICDF in favour of BNP Paribas Finansal Kiralama A.S. (the ''Company"). The project will enable the Company to finance sub-borrowers implementing green economy investments and promote equal access to green finance for both women and men. Under this operation, the Company will use 30% of the financing to support green investments in the regions affected by the February 2023 earthquakes of Türkiye ("Affected Regions") and the operation is therefore complemented by concessional finance. The loan will be used by the Company for on-lending to eligible sub-borrowers, including in the Affected Regions implementing GET-aligned green investments including among others energy efficiency, renewable energy and climate resilience measures, including sustainable agriculture, nature and biodiversity, as well as sustainable transport and tourism, while promoting equal access to green finance for both women and men. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56485XI-IATI-EBRD-56035European Bank for Reconstruction and DevelopmentProvision of EUR 50m loan (of which EUR 25m committed and EUR 25m uncommitted) to Ozgorkey Otomotiv Turizm Gida (the "Borrower" or the "Company") to finance capital expenditures related to new production line investments within the potato and snacks products in two phases. The main objective of the project is to support the Borrower's investment into potato and snacks products capacity expansion.European Bank for Reconstruction and DevelopmentOZGORKEY OTOMOTIV TURIZM GIDA SANAYI VE TICARET ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGIZMIR38.41273 27.1383825000000OZGORKEY OTOMOTIV TURIZM GIDA SANAYI VE TICARET ASPRIVATEPRIVATEPRIVATEProvision of EUR 50m loan (of which EUR 25m committed and EUR 25m uncommitted) to Ozgorkey Otomotiv Turizm Gida (the "Borrower" or the "Company") to finance capital expenditures related to new production line investments within the potato and snacks products in two phases. The main objective of the project is to support the Borrower's investment into potato and snacks products capacity expansion. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56035XI-IATI-EBRD-54581European Bank for Reconstruction and DevelopmentThe EBRD has provided USD 100 million financing to Turkiye Is Bankasi A.S. ("Isbank") under Isbank's existing Diversified Payment Rights ("DPR") programme. The proceeds of the financing are split between the Disaster Response Framework ("DRF"), USD 80 million and the Women in Business II ("TurWiB II"), USD 20 million ("The Project"). The Project will enable Isbank to access long-term funding and diversify its funding sources. DRF constitutes the first and immediate phase of EBRD's emergency crisis response to the devastating earthquakes in South-Eastern Turkiye. Isbank will channel EBRD funding to support reconstruction efforts in the provinces hit by the disaster as per the Window 2 of DRF. As such, the Framework reflects the goals of the EBRD's Equality of Opportunity Strategy 2021-2025 ("EOS") which recognises that shocks and crises, including natural disasters, have the potential to entrench and exacerbate existing inequality of opportunity, therefore requiring the EBRD to mitigate the impacts of such events on livelihoods and human capital. TurWiB II is an integrated and dedicated programme supporting women entrepreneurship and women-led SMEs. EBRD TurWiB II financing will be accompanied by first loss risk cover provided by the Turkish Credit Guarantee Fund ('CGF') and underwritten by the Turkish Treasury.European Bank for Reconstruction and DevelopmentTURKIYE IS BANKASI ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496670034141.64TURKIYE IS BANKASI ASPRIVATEPRIVATEPRIVATEThe EBRD has provided USD 100 million financing to Turkiye Is Bankasi A.S. ("Isbank") under Isbank's existing Diversified Payment Rights ("DPR") programme. The proceeds of the financing are split between the Disaster Response Framework ("DRF"), USD 80 million and the Women in Business II ("TurWiB II"), USD 20 million ("The Project"). The Project will enable Isbank to access long-term funding and diversify its funding sources. DRF constitutes the first and immediate phase of EBRD's emergency crisis response to the devastating earthquakes in South-Eastern Turkiye. Isbank will channel EBRD funding to support reconstruction efforts in the provinces hit by the disaster as per the Window 2 of DRF. As such, the Framework reflects the goals of the EBRD's Equality of Opportunity Strategy 2021-2025 ("EOS") which recognises that shocks and crises, including natural disasters, have the potential to entrench and exacerbate existing inequality of opportunity, therefore requiring the EBRD to mitigate the impacts of such events on livelihoods and human capital. TurWiB II is an integrated and dedicated programme supporting women entrepreneurship and women-led SMEs. EBRD TurWiB II financing will be accompanied by first loss risk cover provided by the Turkish Credit Guarantee Fund ('CGF') and underwritten by the Turkish Treasury. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54581XI-IATI-EBRD-48279European Bank for Reconstruction and DevelopmentThe EBRD is providing a senior secured loan of up to USD 45 million to Kremna Enerji ve Ticaret A.S. ('Kremna' or the 'SPV') fully owned by Gama Enerji A.S. ('GEAS' or the 'Company') for the acquisition of Karacaoren-1 and Karacaoren-2 hydroelectric power plants ('HEPPs') located in Burdur, Turkey from the Privatisation Administration ('PA'). GEAS was the winning bidder at the privatisation tender held on 9 November 2015 for the HEPPs which have been operational for the last 23 years. The privatisation is in the form of Transfer-of-Operating-Rights for 49 years. The loan is part of a wider financing package alongside the International Finance Corporation ('IFC') and the Industrial Commercial Bank of China ('ICBC'). * support the ongoing liberalisation of the Turkish electricity generation market by backing one of the committed private energy players through financing the privatisation of the HEPPs; * support the low carbon transition through the modernisation of a renewable asset; * support a reliable baseload and flexible peaking plant that is required to accommodate the growth in intermittent renewables generation, in line with the strategy of the Turkish government of strengthening security of supply and enhancing use of local energy sources and diversifying away from expensive imported fuel sources.European Bank for Reconstruction and DevelopmentKREMNA ENERJI URETIM VE TICARET ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGANKARA39.91987 32.8542740126035.32KREMNA ENERJI URETIM VE TICARET ASPRIVATEPRIVATEPRIVATEThe EBRD is providing a senior secured loan of up to USD 45 million to Kremna Enerji ve Ticaret A.S. ('Kremna' or the 'SPV') fully owned by Gama Enerji A.S. ('GEAS' or the 'Company') for the acquisition of Karacaoren-1 and Karacaoren-2 hydroelectric power plants ('HEPPs') located in Burdur, Turkey from the Privatisation Administration ('PA'). GEAS was the winning bidder at the privatisation tender held on 9 November 2015 for the HEPPs which have been operational for the last 23 years. The privatisation is in the form of Transfer-of-Operating-Rights for 49 years. The loan is part of a wider financing package alongside the International Finance Corporation ('IFC') and the Industrial Commercial Bank of China ('ICBC'). * support the ongoing liberalisation of the Turkish electricity generation market by backing one of the committed private energy players through financing the privatisation of the HEPPs; * support the low carbon transition through the modernisation of a renewable asset; * support a reliable baseload and flexible peaking plant that is required to accommodate the growth in intermittent renewables generation, in line with the strategy of the Turkish government of strengthening security of supply and enhancing use of local energy sources and diversifying away from expensive imported fuel sources. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48279XI-IATI-EBRD-54433European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to USD 110 million to QNB Finansbank A.S. ("QNB Finansbank") under Window 1 of the Türkiye-Disaster Response Framework ("DRF" or "Framework"), a framework for Turkish banks to support livelihoods, jobs and human capital in the South-Eastern provinces of Türkiye's affected by the February 6, 2023 earthquakes. The EBRD proceeds will be channeled through QNB Finansbank to support eligible private businesses and individuals directly impacted by the disaster, with an aim to address the most immediate funding needs of the local population in the affected cities, enabling borrowers to restructure existing loans as well as obtain additional financing as needed. The Framework constitutes the first and immediate phase of EBRD's emergency crisis response to the devastating earthquakes in South-Eastern Türkiye. It will channel EBRD funding via the Bank's existing partner banks in Türkiye to support individuals and businesses directly affected by the disaster. As such, the Framework reflects the goals of the EBRD's Equality of Opportunity Strategy 2021-2025 ("EOS") which recognizes that shocks and crises, including natural disaster, have the potential to entrench and exacerbate existing inequality of opportunity, therefore requiring the EBRD to mitigate the impacts of such events on livelihoods and human capital.European Bank for Reconstruction and DevelopmentQNB BANK ASEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGISTANBUL41.01384 28.9496693670664.45QNB BANK ASPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to USD 110 million to QNB Finansbank A.S. ("QNB Finansbank") under Window 1 of the Türkiye-Disaster Response Framework ("DRF" or "Framework"), a framework for Turkish banks to support livelihoods, jobs and human capital in the South-Eastern provinces of Türkiye's affected by the February 6, 2023 earthquakes. The EBRD proceeds will be channeled through QNB Finansbank to support eligible private businesses and individuals directly impacted by the disaster, with an aim to address the most immediate funding needs of the local population in the affected cities, enabling borrowers to restructure existing loans as well as obtain additional financing as needed. The Framework constitutes the first and immediate phase of EBRD's emergency crisis response to the devastating earthquakes in South-Eastern Türkiye. It will channel EBRD funding via the Bank's existing partner banks in Türkiye to support individuals and businesses directly affected by the disaster. As such, the Framework reflects the goals of the EBRD's Equality of Opportunity Strategy 2021-2025 ("EOS") which recognizes that shocks and crises, including natural disaster, have the potential to entrench and exacerbate existing inequality of opportunity, therefore requiring the EBRD to mitigate the impacts of such events on livelihoods and human capital. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54433XI-IATI-EBRD-54546European Bank for Reconstruction and DevelopmentProvision of a five-year senior loan of up to EUR 10 million, comprising two equal tranches with the second tranche being uncommitted, to Eximbank under the Financial Intermediaries Framework ("FIF") for on-lending to eligible micro, small and medium enterprises (MSMEs). The project will be implemented under FIF with proceeds to be used for on-lending to MSMEs in Moldova in accordance with the FIF Policy Statement. The transaction will help Eximbank to (i) diversify its funding structure with medium-term financing and (ii) support its MSME portfolio growth.European Bank for Reconstruction and DevelopmentBC EXIMBANK SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCHISINAU47.00556 28.857510000000BC EXIMBANK SAPRIVATEPRIVATEPRIVATEProvision of a five-year senior loan of up to EUR 10 million, comprising two equal tranches with the second tranche being uncommitted, to Eximbank under the Financial Intermediaries Framework ("FIF") for on-lending to eligible micro, small and medium enterprises (MSMEs). The project will be implemented under FIF with proceeds to be used for on-lending to MSMEs in Moldova in accordance with the FIF Policy Statement. The transaction will help Eximbank to (i) diversify its funding structure with medium-term financing and (ii) support its MSME portfolio growth. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54546XI-IATI-EBRD-51979European Bank for Reconstruction and DevelopmentThis Project was approved in the context of the Bank's response to the COVID-19 pandemic. To avoid delays to the delivery of this project, the Bank's President granted a deviation from the ordinary timelines for PSD disclosure, as contemplated by Section V of the Directive on Access to Information. Details of the Bank's response to COVID-19, and this deviation, can be found on our website. Project Description: MSME senior unsecured credit line of up to USD 100 million in favour of JSC Bank of Georgia. The Project will go under the Financial Intermediaries Framework (BDS 15-50) and will be complementary to the EBRD COVID-19 crisis response in Georgia, helping to address challenges outlined in the Solidarity Package (BDS20-039). Project Objectives: The Project will enable Bank of Georgia to maintain uninterrupted lending to MSMEs severely affected by the economic consequences of the COVID-19 pandemic. Transition Impact: ETI score: 60 The project contributes to the objectives of the Financial Intermediary Framework, supporting Competitive and Resilient transition qualities. With its wide regional outreach, BOG is well positioned to provide finance to MSMEs and attract new MSME clients. BoG will ensure sound banking principles and will support local currency lending. Additionality: EBRD's participation in the proposed transaction is expected to be highly additional in light of severe impact of the COVID-19 pandemic on the Georgian economy and MSME sector in particular, greatly elevated risk aversion by commercial lenders and confidence-enhancing effect of EBRD's financial backing. Environmental and Social Summary: Categorised FI (ESP 2019). Bank of Georgia (BoG) is well known to the Bank through a number of transactions, over a number of years. BoG has a well-developed suite of policies and procedures for the management of key issues under PRs 2, 4 and 9. BoG will be required to continue compliance with PRs 2, 4 and 9 and to provide the EBRD with annual E&S reports. Implementation Summary (only complete if and when an OPA is completed): not applicable Technical Cooperation: None Null ValueEuropean Bank for Reconstruction and DevelopmentBANK OF GEORGIA JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTBILISI41.69411 44.8336899026986.59BANK OF GEORGIA JSCPRIVATEPRIVATEPRIVATEThis Project was approved in the context of the Bank's response to the COVID-19 pandemic. To avoid delays to the delivery of this project, the Bank's President granted a deviation from the ordinary timelines for PSD disclosure, as contemplated by Section V of the Directive on Access to Information. Details of the Bank's response to COVID-19, and this deviation, can be found on our website. Project Description: MSME senior unsecured credit line of up to USD 100 million in favour of JSC Bank of Georgia. The Project will go under the Financial Intermediaries Framework (BDS 15-50) and will be complementary to the EBRD COVID-19 crisis response in Georgia, helping to address challenges outlined in the Solidarity Package (BDS20-039). Project Objectives: The Project will enable Bank of Georgia to maintain uninterrupted lending to MSMEs severely affected by the economic consequences of the COVID-19 pandemic. Transition Impact: ETI score: 60 The project contributes to the objectives of the Financial Intermediary Framework, supporting Competitive and Resilient transition qualities. With its wide regional outreach, BOG is well positioned to provide finance to MSMEs and attract new MSME clients. BoG will ensure sound banking principles and will support local currency lending. Additionality: EBRD's participation in the proposed transaction is expected to be highly additional in light of severe impact of the COVID-19 pandemic on the Georgian economy and MSME sector in particular, greatly elevated risk aversion by commercial lenders and confidence-enhancing effect of EBRD's financial backing. Environmental and Social Summary: Categorised FI (ESP 2019). Bank of Georgia (BoG) is well known to the Bank through a number of transactions, over a number of years. BoG has a well-developed suite of policies and procedures for the management of key issues under PRs 2, 4 and 9. BoG will be required to continue compliance with PRs 2, 4 and 9 and to provide the EBRD with annual E&S reports. Implementation Summary (only complete if and when an OPA is completed): not applicable Technical Cooperation: None Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51979XI-IATI-EBRD-52983European Bank for Reconstruction and DevelopmentThe EBRD invested EUR 60 million (17% of the issuance amount) in a Senior Preferred bond (the "Bond") issued by Erste Bank Hungary Zrt. ("EBH"), as part of a public international issuance of EUR 350 million. This is the first Senior Preferred instrument issued by a Hungarian bank since the introduction of the EU Bank Recovery and Resolution Directive that meets the regulatory minimum requirements for own funds and eligible liabilities (MREL). The SP bonds have a maturity of 4 years, with a call option after 3 years, and are listed both on the Vienna Stock Exchange ("VSE") and the Budapest Stock Exchange ("BSE"). The Project supports the resilience of the fourth largest bank in Hungary, and contributes to the capital market development. The project also aims to support strong Green-impact targets with at least 120% of the EBRD's investment to be allocated to finance green projects in line with EBRD's Green Economy Transition ("GET") eligibility criteria.European Bank for Reconstruction and DevelopmentERSTE BANK HUNGARY ZRTEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUDAPEST47.49835 19.0404560000000ERSTE BANK HUNGARY ZRTPRIVATEPRIVATEPRIVATEThe EBRD invested EUR 60 million (17% of the issuance amount) in a Senior Preferred bond (the "Bond") issued by Erste Bank Hungary Zrt. ("EBH"), as part of a public international issuance of EUR 350 million. This is the first Senior Preferred instrument issued by a Hungarian bank since the introduction of the EU Bank Recovery and Resolution Directive that meets the regulatory minimum requirements for own funds and eligible liabilities (MREL). The SP bonds have a maturity of 4 years, with a call option after 3 years, and are listed both on the Vienna Stock Exchange ("VSE") and the Budapest Stock Exchange ("BSE"). The Project supports the resilience of the fourth largest bank in Hungary, and contributes to the capital market development. The project also aims to support strong Green-impact targets with at least 120% of the EBRD's investment to be allocated to finance green projects in line with EBRD's Green Economy Transition ("GET") eligibility criteria. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52983XI-IATI-EBRD-55248European Bank for Reconstruction and DevelopmentSenior unsecured loan to JSC TBC Bank ('TBC') in the amount of up toUSD 25 mln, of which 75% (USD 18.75 million) will be provided by the European Bank for Reconstruction and Development ('EBRD') and USD 6.25 million by the Green Climate Fund ('GCF') under the GCF-Green Economy Financing Facility ('GEFF') Regional Programme. The proceeds of the loan will be used for financing investments in climate change mitigation and adaptation technologies by local individuals, SMEs and corporates, in line with the standards and reporting requirements of the GEFF Regional (Georgia Facility) policy statement, in a gender-responsive way. 100 per cent of the loan proceeds will be related to Green Economy Transition investments in line with the GET Handbook.European Bank for Reconstruction and DevelopmentTBC BANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTBILISI41.69411 44.8336816414251.95TBC BANK JSCPRIVATEPRIVATEPRIVATESenior unsecured loan to JSC TBC Bank ('TBC') in the amount of up toUSD 25 mln, of which 75% (USD 18.75 million) will be provided by the European Bank for Reconstruction and Development ('EBRD') and USD 6.25 million by the Green Climate Fund ('GCF') under the GCF-Green Economy Financing Facility ('GEFF') Regional Programme. The proceeds of the loan will be used for financing investments in climate change mitigation and adaptation technologies by local individuals, SMEs and corporates, in line with the standards and reporting requirements of the GEFF Regional (Georgia Facility) policy statement, in a gender-responsive way. 100 per cent of the loan proceeds will be related to Green Economy Transition investments in line with the GET Handbook. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55248XI-IATI-EBRD-54093European Bank for Reconstruction and DevelopmentA financing facility to MAS Energy LLC in the amount of up to USD 1.53mm. The loan will finance the construction and operation of 1.24 MW Tashiskari HPP located on river Mtkvari in the Shida Kartli region of Georgia. To finance the development, construction and operation of a small-sized greenfield hydro power plant in Georgia with the installed capacity of 1.24 MW located in Shida Kartli region of Georgia.European Bank for Reconstruction and DevelopmentLPG LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTBILISI41.69411 44.83368288890.831339402.96LPG LLCPRIVATEPRIVATEPRIVATEA financing facility to MAS Energy LLC in the amount of up to USD 1.53mm. The loan will finance the construction and operation of 1.24 MW Tashiskari HPP located on river Mtkvari in the Shida Kartli region of Georgia. To finance the development, construction and operation of a small-sized greenfield hydro power plant in Georgia with the installed capacity of 1.24 MW located in Shida Kartli region of Georgia. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54093XI-IATI-EBRD-54570European Bank for Reconstruction and DevelopmentProvision of up to EUR 42 million senior secured loan to LLC Volynholding, a subsidiary of Nestle S.A., for financing investments to develop a new production facility in Ukraine. The Project will support development of a new production site in the Western part of Ukraine to create a food production hub in the region.European Bank for Reconstruction and DevelopmentNESTLE UKRAINE LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.5238200000042000000NESTLE UKRAINE LLCPRIVATEPRIVATEPRIVATEProvision of up to EUR 42 million senior secured loan to LLC Volynholding, a subsidiary of Nestle S.A., for financing investments to develop a new production facility in Ukraine. The Project will support development of a new production site in the Western part of Ukraine to create a food production hub in the region. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54570XI-IATI-EBRD-56463European Bank for Reconstruction and DevelopmentUp to USD 45 million (EUR 38 million equivalent) senior secured loan to Energy RTB 2 LLC, a subsidiary of Kernel Group. The project is expected to be co-financed by an up to USD 10 million parallel loan. The Project is expected to benefit from a partial first loss risk cover from the European Union via the Ukraine Investment Framework (UIF). The framework contributes to the green transition of Ukraine economy by supporting sustainable investments in green city infrastructure, greening logistics chains, energy efficiency and green technology transfers in industrial processes, commercial operations, and buildings. The framework also supports companies directly affected by the military conflict, to ensure a fast recovery and resilience from the ongoing war. The proceeds will be used to finance the construction of a 106MW solar park and the installation of battery energy storage system in Ukraine (the "Project").European Bank for Reconstruction and DevelopmentENERGY RTB 2 LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKYIV50.45466 30.523826262803.1226262803.12ENERGY RTB 2 LLCPRIVATEPRIVATEPRIVATEUp to USD 45 million (EUR 38 million equivalent) senior secured loan to Energy RTB 2 LLC, a subsidiary of Kernel Group. The project is expected to be co-financed by an up to USD 10 million parallel loan. The Project is expected to benefit from a partial first loss risk cover from the European Union via the Ukraine Investment Framework (UIF). The framework contributes to the green transition of Ukraine economy by supporting sustainable investments in green city infrastructure, greening logistics chains, energy efficiency and green technology transfers in industrial processes, commercial operations, and buildings. The framework also supports companies directly affected by the military conflict, to ensure a fast recovery and resilience from the ongoing war. The proceeds will be used to finance the construction of a 106MW solar park and the installation of battery energy storage system in Ukraine (the "Project"). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56463XI-IATI-EBRD-48218European Bank for Reconstruction and DevelopmentIn 2017, the Bank provided a USD140 million loan to Bakyrchik Mining Venture LLP (the "Borrower", "Company"), an entity 100% controlled by Solidcore Resources plc (former Polymetal International plc, the "Sponsor"), to finance development of the Kyzyl (Bakyrchik) gold deposit (the "Project"). The loan is fully guaranteed by the Sponsor. The Bank is providing an additional USD60 million financing to the Borrower to ensure achievement of the original Project objectives. The facility supports the Borrower's efforts in developing the Kyzyl gold deposit located in the north-eastern Kazakhstan. Kyzyl is a world class deposit with estimated JORC reserves of 7.3 Moz of gold at an average grade of 7.7 g/t. The Project is expected to produce up to 1.8 mtpa of ore by open pit mining during the first 10 years. The ore will be processed by sulphide flotation followed by concentrate offtake and/or pressure oxidation (POX).European Bank for Reconstruction and DevelopmentBAKYRCHIK MINING VENTURE LLPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGOSKEMEN49.96667 82.66667175085354.11BAKYRCHIK MINING VENTURE LLPPRIVATEPRIVATEPRIVATEIn 2017, the Bank provided a USD140 million loan to Bakyrchik Mining Venture LLP (the "Borrower", "Company"), an entity 100% controlled by Solidcore Resources plc (former Polymetal International plc, the "Sponsor"), to finance development of the Kyzyl (Bakyrchik) gold deposit (the "Project"). The loan is fully guaranteed by the Sponsor. The Bank is providing an additional USD60 million financing to the Borrower to ensure achievement of the original Project objectives. The facility supports the Borrower's efforts in developing the Kyzyl gold deposit located in the north-eastern Kazakhstan. Kyzyl is a world class deposit with estimated JORC reserves of 7.3 Moz of gold at an average grade of 7.7 g/t. The Project is expected to produce up to 1.8 mtpa of ore by open pit mining during the first 10 years. The ore will be processed by sulphide flotation followed by concentrate offtake and/or pressure oxidation (POX). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48218XI-IATI-EBRD-53683European Bank for Reconstruction and DevelopmentThe provision of a senior loan of up to US$ 5.0 million equivalent in local currency to Closed Joint-Stock Company Kompanion Bank based in the Kyrgyz Republic under Financial Intermediaries Framework (FIF) for financing local private MSMEs. The project contributes to the objectives of the Financial Intermediaries Framework (FIF). FIF seeks to (i) foster SME competitiveness by increasing the availability of financing and (ii) contributing to the competitiveness of financial institutions by enabling innovation in strategy, products, processes and marketing related to MSME lending.European Bank for Reconstruction and DevelopmentKOMPANION BANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBISHKEK42.87 74.594410605.28KOMPANION BANK CJSCPRIVATEPRIVATEPRIVATEThe provision of a senior loan of up to US$ 5.0 million equivalent in local currency to Closed Joint-Stock Company Kompanion Bank based in the Kyrgyz Republic under Financial Intermediaries Framework (FIF) for financing local private MSMEs. The project contributes to the objectives of the Financial Intermediaries Framework (FIF). FIF seeks to (i) foster SME competitiveness by increasing the availability of financing and (ii) contributing to the competitiveness of financial institutions by enabling innovation in strategy, products, processes and marketing related to MSME lending. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53683XI-IATI-EBRD-51345European Bank for Reconstruction and DevelopmentThe provision of a 7-year senior secured loan of up to US$ 24 million equivalent to Eastcomtrans LLP (the "Company"), the largest private rolling stock operator in Kazakhstan. The loan contributes to the refinancing programme conducted by the Company and aims to reduce the exposure to foreign exchange related risks and to optimise the maturity profile of the Company's existing debt (the "Project").European Bank for Reconstruction and DevelopmentEASTCOMTRANS LLPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGALMATY43.25667 76.9286116295731.25EASTCOMTRANS LLPPRIVATEPRIVATEPRIVATEThe provision of a 7-year senior secured loan of up to US$ 24 million equivalent to Eastcomtrans LLP (the "Company"), the largest private rolling stock operator in Kazakhstan. The loan contributes to the refinancing programme conducted by the Company and aims to reduce the exposure to foreign exchange related risks and to optimise the maturity profile of the Company's existing debt (the "Project"). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51345XI-IATI-EBRD-52846European Bank for Reconstruction and DevelopmentProvision of a senior secured debt of USD 1.7 million to finance the following: * USD 0.85 million (EUR 0.7 million) to re-finance funds utilised by Engicon O&M (the "Company or Client") to construct two fully operational WWTP's and to assist the Company with further developing and eventually partially financing other pipeline WWTPs and * USD 0.85 million (EUR 0.7 million) to help finance the construction of a new WWTP in Egypt with a capacity of 2,400 m3/ day on a DBOT basis for the benefit of Lotus-Tex. Total project cost of the WWTP is around USD 1.7 million. The remaining portion of project cost will be financed from Engicon O&M's own cash balances and a FINTECC grant with the amount of USD 0.2 million (the " Project") * Through EBRD's support and financing, the Project is expected to contribute positively to addressing the water challenges in both Jordan and Egypt. * Loan proceeds utilised to construct the new WWTP in Egypt with a capacity of 2,400 m3/ day will help introduce a sustainable water recycling system for a water intensive industrial manufacturer, thus resulting in water savings of around 80 per cent. * Moreover, loan proceeds will support expanding the Company's new innovative business model of developing WWTPs for industrial clients on a DBOT basis in both countries, thus resulting in further water savings in other settings. * The Client is expected to benefit from EBRD's technical expertise in this area, as a technical, environmental, and social due diligence has been conducted to ensure that the WWTP to be constructed in Egypt is developed on a best practise basis. * The Project is also expected to be "Gender Additional" as it will support the Company with the implementation of an awareness raising campaign on gender-based harassment in the workplace, and an associated Human Resource grievance mechanism to report and resolve potential instances of harassment in the workplace. * Important to note that Jordan and Egypt are considered amongst the most water scarce countries in the world. Jordan ranks as the fifth most water-stressed country in the world, with per capita water availability standing at 140 m3/ year, far below the absolute water scarcity line of 500 m3/ year. While Egypt is considered one of the three most water stressed countries in the EBRD region, with the water deficit expected to reach circa 59 per cent by 2050.European Bank for Reconstruction and DevelopmentAL-ALAMIAH LIL KHIDMAT WA AL TASHGHEEL WA SIANA (ENGICON O&M COMPANY)European Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.24967AMMAN31.95522 35.945031479471.24AL-ALAMIAH LIL KHIDMAT WA AL TASHGHEEL WA SIANA (ENGICON O&M COMPANY)PRIVATEPRIVATEPRIVATEProvision of a senior secured debt of USD 1.7 million to finance the following: * USD 0.85 million (EUR 0.7 million) to re-finance funds utilised by Engicon O&M (the "Company or Client") to construct two fully operational WWTP's and to assist the Company with further developing and eventually partially financing other pipeline WWTPs and * USD 0.85 million (EUR 0.7 million) to help finance the construction of a new WWTP in Egypt with a capacity of 2,400 m3/ day on a DBOT basis for the benefit of Lotus-Tex. Total project cost of the WWTP is around USD 1.7 million. The remaining portion of project cost will be financed from Engicon O&M's own cash balances and a FINTECC grant with the amount of USD 0.2 million (the " Project") * Through EBRD's support and financing, the Project is expected to contribute positively to addressing the water challenges in both Jordan and Egypt. * Loan proceeds utilised to construct the new WWTP in Egypt with a capacity of 2,400 m3/ day will help introduce a sustainable water recycling system for a water intensive industrial manufacturer, thus resulting in water savings of around 80 per cent. * Moreover, loan proceeds will support expanding the Company's new innovative business model of developing WWTPs for industrial clients on a DBOT basis in both countries, thus resulting in further water savings in other settings. * The Client is expected to benefit from EBRD's technical expertise in this area, as a technical, environmental, and social due diligence has been conducted to ensure that the WWTP to be constructed in Egypt is developed on a best practise basis. * The Project is also expected to be "Gender Additional" as it will support the Company with the implementation of an awareness raising campaign on gender-based harassment in the workplace, and an associated Human Resource grievance mechanism to report and resolve potential instances of harassment in the workplace. * Important to note that Jordan and Egypt are considered amongst the most water scarce countries in the world. Jordan ranks as the fifth most water-stressed country in the world, with per capita water availability standing at 140 m3/ year, far below the absolute water scarcity line of 500 m3/ year. While Egypt is considered one of the three most water stressed countries in the EBRD region, with the water deficit expected to reach circa 59 per cent by 2050. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52846XI-IATI-EBRD-51674European Bank for Reconstruction and DevelopmentProvision of a senior loan of up to US$ 2.0 million (€1.6 million equivalent) to Arvand Bank under GEFF Tajikistan. The loan will be provided in two tranches of USD 1.0m each with the second tranche being uncommitted, which committment is delegated to Management. The financing will promote investments in climate change mitigation and adaptation technologies The proposed operation complies with the GCF GEFF Regional Framework criteria. Proceeds of the loan will be on-lent to private sector sub-borrowers in line with the GEFF Policy Statement. The project objective is to promote investments in efficient climate change mitigation and adaptation technologies and to contribute to Tajikistan's transition to an environmentally sustainable and climate-resilient economy.European Bank for Reconstruction and DevelopmentARVAND BANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKHUJAND40.28256 69.622161602565.47ARVAND BANK CJSCPRIVATEPRIVATEPRIVATEProvision of a senior loan of up to US$ 2.0 million (€1.6 million equivalent) to Arvand Bank under GEFF Tajikistan. The loan will be provided in two tranches of USD 1.0m each with the second tranche being uncommitted, which committment is delegated to Management. The financing will promote investments in climate change mitigation and adaptation technologies The proposed operation complies with the GCF GEFF Regional Framework criteria. Proceeds of the loan will be on-lent to private sector sub-borrowers in line with the GEFF Policy Statement. The project objective is to promote investments in efficient climate change mitigation and adaptation technologies and to contribute to Tajikistan's transition to an environmentally sustainable and climate-resilient economy. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51674XI-IATI-EBRD-57050European Bank for Reconstruction and DevelopmentA senior loan of up to US$ 80 million in MNT or US dollar equivalent to XacBank JSC ("XacBank") under the EBRD Youth in Business Programme in Central Asia ("YiB CA Programme"), aimed at supporting youth-led or youth-owned micro, small, and medium sized enterprises in Mongolia ("Youth MSMEs"). The project will address the shortage of credit available to Youth MSMEs and help remove structural barriers to their growth in Mongolia. It will focus on strengthening and embedding the banking infrastructure needed for sustainable youth-focused lending, enhancing XacBank's capacity to provide tailored financial products and support services, and ultimately promoting the long-term inclusion of young entrepreneurs in Mongolia's MSME market.European Bank for Reconstruction and DevelopmentXACBANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGULAANBAATAR47.90771 106.8832435017070.8235017070.82XACBANK JSCPRIVATEPRIVATEPRIVATEA senior loan of up to US$ 80 million in MNT or US dollar equivalent to XacBank JSC ("XacBank") under the EBRD Youth in Business Programme in Central Asia ("YiB CA Programme"), aimed at supporting youth-led or youth-owned micro, small, and medium sized enterprises in Mongolia ("Youth MSMEs"). The project will address the shortage of credit available to Youth MSMEs and help remove structural barriers to their growth in Mongolia. It will focus on strengthening and embedding the banking infrastructure needed for sustainable youth-focused lending, enhancing XacBank's capacity to provide tailored financial products and support services, and ultimately promoting the long-term inclusion of young entrepreneurs in Mongolia's MSME market. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57050XI-IATI-EBRD-53634European Bank for Reconstruction and DevelopmentThe provision of a 7-year senior secured loan of up to USD 40.0 million to Eastcomtrans LLP (the "Company") and its sister company TLC Zhetygen LLP, limited liability partnerships incorporated in Kazakhstan. The loan proceeds will be used to finance the expansion of a container terminal, purchase of universal railcars, and scheduled capital repairs of the Company's railway fleet (the "Project").European Bank for Reconstruction and DevelopmentEASTCOMTRANS LLPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGALMATY43.25667 76.9286134982968.01EASTCOMTRANS LLPPRIVATEPRIVATEPRIVATEThe provision of a 7-year senior secured loan of up to USD 40.0 million to Eastcomtrans LLP (the "Company") and its sister company TLC Zhetygen LLP, limited liability partnerships incorporated in Kazakhstan. The loan proceeds will be used to finance the expansion of a container terminal, purchase of universal railcars, and scheduled capital repairs of the Company's railway fleet (the "Project"). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53634XI-IATI-EBRD-45645European Bank for Reconstruction and DevelopmentEBRD is assisting the city of Pavlodar in Kazakhstan (the "City") in the rehabilitation of tram public transport through modernisation of the City's tram fleet and selected tram infrastructure. An EBRD senior loan will be extended to the state owned Joint-Stock Company Pavlodar Tram Management Company (the "Company"), of up to EUR 10.0 million (KZT 2.46 billion)under the Project Support Agreement with the Akimat of Pavlodar Oblast and the Joint-Stock Company National Company Social-Entrepreneurial Corporation Pavlodar ("SPK"), owner of the Company. The operation will enable the Company to improve the quality of the tram services and establish an improved regulatory framework through implementation of a Public Service Contract between the City and the Company. The Priority Investment Programme (the "PIP") financed under the Project will include the following: (i) procurement of up to 25 new units of modern energy efficient trams, (ii) rehabilitation of the selected tram infrastructure, and (iii) procurement of a computer-aided dispatching system. In addition, the Project aims at setting higher standards for service quality in public transport sector. Null ValueEuropean Bank for Reconstruction and DevelopmentTRAM MANAGEMENT COMPANY OF THE CITY OF PAVLODAREuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPAVLODAR52.28333 76.966674452242.84TRAM MANAGEMENT COMPANY OF THE CITY OF PAVLODAR380069.51TRAM MANAGEMENT COMPANY OF THE CITY OF PAVLODAR728371.94TRAM MANAGEMENT COMPANY OF THE CITY OF PAVLODAR308942.45TRAM MANAGEMENT COMPANY OF THE CITY OF PAVLODAR308289TRAM MANAGEMENT COMPANY OF THE CITY OF PAVLODAR487604.75TRAM MANAGEMENT COMPANY OF THE CITY OF PAVLODAR3668.42TRAM MANAGEMENT COMPANY OF THE CITY OF PAVLODAR34951.56TRAM MANAGEMENT COMPANY OF THE CITY OF PAVLODAR685966.5TRAM MANAGEMENT COMPANY OF THE CITY OF PAVLODAR694658.7TRAM MANAGEMENT COMPANY OF THE CITY OF PAVLODAR2059.71TRAM MANAGEMENT COMPANY OF THE CITY OF PAVLODAR817660.3TRAM MANAGEMENT COMPANY OF THE CITY OF PAVLODARSTATESTATESTATESTATEEBRD is assisting the city of Pavlodar in Kazakhstan (the "City") in the rehabilitation of tram public transport through modernisation of the City's tram fleet and selected tram infrastructure. An EBRD senior loan will be extended to the state owned Joint-Stock Company Pavlodar Tram Management Company (the "Company"), of up to EUR 10.0 million (KZT 2.46 billion)under the Project Support Agreement with the Akimat of Pavlodar Oblast and the Joint-Stock Company National Company Social-Entrepreneurial Corporation Pavlodar ("SPK"), owner of the Company. The operation will enable the Company to improve the quality of the tram services and establish an improved regulatory framework through implementation of a Public Service Contract between the City and the Company. The Priority Investment Programme (the "PIP") financed under the Project will include the following: (i) procurement of up to 25 new units of modern energy efficient trams, (ii) rehabilitation of the selected tram infrastructure, and (iii) procurement of a computer-aided dispatching system. In addition, the Project aims at setting higher standards for service quality in public transport sector. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/45645XI-IATI-EBRD-57432European Bank for Reconstruction and DevelopmentThe provision of a senior secured loan of up to USD 25 million to the Company for financing (i) the replacement of the existing drawing mil line used in the production of long steel products through the installation of more energy efficient equipment, (ii) equipment for the modernisation of the pipes' external insulation line, namely a medium frequency induction heating system, and (iii) the purchase of raw materials for the production of externally insulated large-diameter pipes. The Project has a GET share of 70 per cent. The Project aims to enhance the Company's industrial footprint through the modernisation of existing assets, while improving energy efficiency, resulting in lower emissions, and a more sustainable and resource-efficient production profile.European Bank for Reconstruction and DevelopmentJV TASHKENT PIPE PLANT LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.2162715319968.4815319968.48JV TASHKENT PIPE PLANT LLCPRIVATEPRIVATEPRIVATEThe provision of a senior secured loan of up to USD 25 million to the Company for financing (i) the replacement of the existing drawing mil line used in the production of long steel products through the installation of more energy efficient equipment, (ii) equipment for the modernisation of the pipes' external insulation line, namely a medium frequency induction heating system, and (iii) the purchase of raw materials for the production of externally insulated large-diameter pipes. The Project has a GET share of 70 per cent. The Project aims to enhance the Company's industrial footprint through the modernisation of existing assets, while improving energy efficiency, resulting in lower emissions, and a more sustainable and resource-efficient production profile. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57432XI-IATI-EBRD-54885European Bank for Reconstruction and DevelopmentThe provision of a sovereign loan of up to € 13.5 million to the Kyrgyz Republic (KR) to finance the procurement and installation of household smart electricity meters in the Osh, Jalal-Abad, Tupe and Chuy regions of the Kyrgyz Republic. The project is expected to improve reliability, service quality, demand side management and facilitate integration of consumers in to the distribution system.European Bank for Reconstruction and DevelopmentKYRGYZ REPUBLIC SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBISHKEK42.87 74.5991080009200000KYRGYZ REPUBLIC SOVEREIGN92000KYRGYZ REPUBLIC SOVEREIGNSTATESTATESTATESTATEThe provision of a sovereign loan of up to € 13.5 million to the Kyrgyz Republic (KR) to finance the procurement and installation of household smart electricity meters in the Osh, Jalal-Abad, Tupe and Chuy regions of the Kyrgyz Republic. The project is expected to improve reliability, service quality, demand side management and facilitate integration of consumers in to the distribution system. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54885XI-IATI-EBRD-53911European Bank for Reconstruction and DevelopmentThe provision of a sovereign loan of up to US$ 10 million (€10 million) to the Republic of Uzbekistan (RoU) to fund its contribution to the new Uzbekistan PPP Project Development Facility (UPDF), which will be set up to finance the preparation costs of public private partnership (PPP) projects in Uzbekistan (the Project). The project will secure a dedicated pot of funding needed to prepare a series of priority PPPs for the market in a streamlined programmatic manner.European Bank for Reconstruction and DevelopmentUZBEKISTAN SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.216275000000UZBEKISTAN SOVEREIGN100000UZBEKISTAN SOVEREIGN4900000UZBEKISTAN SOVEREIGNSTATESTATESTATESTATEThe provision of a sovereign loan of up to US$ 10 million (€10 million) to the Republic of Uzbekistan (RoU) to fund its contribution to the new Uzbekistan PPP Project Development Facility (UPDF), which will be set up to finance the preparation costs of public private partnership (PPP) projects in Uzbekistan (the Project). The project will secure a dedicated pot of funding needed to prepare a series of priority PPPs for the market in a streamlined programmatic manner. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53911XI-IATI-EBRD-54047European Bank for Reconstruction and DevelopmentProvision of a sovereign-guaranteed loan of up to KZT 50.3 billion (EUR 95 million equivalent) (the "Loan") for the benefit of the Karaganda Su LLP (the "Company") for modernisation of the wastewater treatment infrastructure in Karaganda City (the "Project"). The Loan will be used to finance the following Project's Priority Investment Programme (the "PIP"): (i) construction of a new WWTP with the capacity of 500,000 population equivalent (P.E.), including sludge treatment facilities with anaerobic digestion unit and facility to produce heat and electricity from biogas generated by the anaerobic digestion (AD), and (ii) construction supervision services. The objective of the Project is to improve the quality of wastewater treatment services. The Project will be implemented in line with the national and EU standards for urban wastewater treatment, EU requirements for sewage sludge management, EU BAT for such facilities and EU taxonomy requirements. Once implemented, the Project will also lead to a reduced level of odour and substantially reduce the GHG emissions associated with WW treatment.European Bank for Reconstruction and DevelopmentKARAGANDA SU LLPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKARAGANDA49.80187 73.1021183599519.6483599519.64KARAGANDA SU LLPSTATESTATESTATESTATEProvision of a sovereign-guaranteed loan of up to KZT 50.3 billion (EUR 95 million equivalent) (the "Loan") for the benefit of the Karaganda Su LLP (the "Company") for modernisation of the wastewater treatment infrastructure in Karaganda City (the "Project"). The Loan will be used to finance the following Project's Priority Investment Programme (the "PIP"): (i) construction of a new WWTP with the capacity of 500,000 population equivalent (P.E.), including sludge treatment facilities with anaerobic digestion unit and facility to produce heat and electricity from biogas generated by the anaerobic digestion (AD), and (ii) construction supervision services. The objective of the Project is to improve the quality of wastewater treatment services. The Project will be implemented in line with the national and EU standards for urban wastewater treatment, EU requirements for sewage sludge management, EU BAT for such facilities and EU taxonomy requirements. Once implemented, the Project will also lead to a reduced level of odour and substantially reduce the GHG emissions associated with WW treatment. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54047XI-IATI-EBRD-45160European Bank for Reconstruction and DevelopmentThe EBRD is supporting the Batken Water Sub-Project. The EBRD would extend a sovereign loan of up to €1.5 million to the Kyrgyz Republic, to be transferred to Batken City for the benefit of the Batken Water Company for improvement of water supply and selected wastewater services. The EBRD will also seek an investment grant from an international or bilateral donor of €2.5 million to co-finance implementation of the sub-project which will address water and wastewater infrastructure rehabilitation needs. This support will be extended under the existing EBRD sovereign framework of up to €20 million, established by the Bank to co-finance with international donors priority water and wastewater rehabilitation sub-projects across the Kyrgyz Republic. The framework envisages sovereign loans that would be transferred to the cities for the benefit of the water companies involved and would focus on urgently needed water and wastewater infrastructure investments. The overall objectives of this sub-project are to: (a) rehabilitate the water supply and selected wastewater improvements; and (b) improve financial and operational management. Null ValueEuropean Bank for Reconstruction and DevelopmentKYRGYZ REPUBLIC SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBATKEN40.06259 70.819391500000KYRGYZ REPUBLIC SOVEREIGN15000KYRGYZ REPUBLIC SOVEREIGN324808KYRGYZ REPUBLIC SOVEREIGN36584.89KYRGYZ REPUBLIC SOVEREIGN12023.7KYRGYZ REPUBLIC SOVEREIGN508648.87KYRGYZ REPUBLIC SOVEREIGN413313.6KYRGYZ REPUBLIC SOVEREIGN48791.89KYRGYZ REPUBLIC SOVEREIGN7242.82KYRGYZ REPUBLIC SOVEREIGN133586.23KYRGYZ REPUBLIC SOVEREIGNSTATESTATESTATESTATEThe EBRD is supporting the Batken Water Sub-Project. The EBRD would extend a sovereign loan of up to €1.5 million to the Kyrgyz Republic, to be transferred to Batken City for the benefit of the Batken Water Company for improvement of water supply and selected wastewater services. The EBRD will also seek an investment grant from an international or bilateral donor of €2.5 million to co-finance implementation of the sub-project which will address water and wastewater infrastructure rehabilitation needs. This support will be extended under the existing EBRD sovereign framework of up to €20 million, established by the Bank to co-finance with international donors priority water and wastewater rehabilitation sub-projects across the Kyrgyz Republic. The framework envisages sovereign loans that would be transferred to the cities for the benefit of the water companies involved and would focus on urgently needed water and wastewater infrastructure investments. The overall objectives of this sub-project are to: (a) rehabilitate the water supply and selected wastewater improvements; and (b) improve financial and operational management. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/45160XI-IATI-EBRD-53455European Bank for Reconstruction and DevelopmentThe provision of a senior loan up to US$ 4.0 million to MDO IMON INTERNATIONAL under the GCF GEFF Regional - GEFF Tathejikistan, of which up to US$ 3.0 million will be provided in Tajikistani Somoni out of the EBRD resources and up to US$ 1.0 million will be provided in US Dollars by the Green Climate Fund ("GCF"). The proposed transaction will be the 2nd loan to IMON under the GCF GEFF Regional - GEFF Tajikistan (the "Facility"). Proceeds of the loan will be on-lent in line with the Policy Statement for the Facility to private sector sub-borrowers (individuals/ SMEs/corporates) for investments in climate change mitigation and adaptation technologies and services. IMON will benefit from Technical Cooperation ("TC") in form of trainings, capacity building and support for project implementation from the dedicated programme consultants.European Bank for Reconstruction and DevelopmentIMON INTERNATIONAL BANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKHUJAND40.28256 69.622162908394.18IMON INTERNATIONAL BANK CJSCPRIVATEPRIVATEPRIVATEThe provision of a senior loan up to US$ 4.0 million to MDO IMON INTERNATIONAL under the GCF GEFF Regional - GEFF Tathejikistan, of which up to US$ 3.0 million will be provided in Tajikistani Somoni out of the EBRD resources and up to US$ 1.0 million will be provided in US Dollars by the Green Climate Fund ("GCF"). The proposed transaction will be the 2nd loan to IMON under the GCF GEFF Regional - GEFF Tajikistan (the "Facility"). Proceeds of the loan will be on-lent in line with the Policy Statement for the Facility to private sector sub-borrowers (individuals/ SMEs/corporates) for investments in climate change mitigation and adaptation technologies and services. IMON will benefit from Technical Cooperation ("TC") in form of trainings, capacity building and support for project implementation from the dedicated programme consultants. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53455XI-IATI-EBRD-55538European Bank for Reconstruction and DevelopmentThe provision of a loan of up to US$ 10m to finance the Empire Manufacturing Kazakhstan (EMK) working capital needs, as an addition to the existing capital expenditure loan (as described below). The existing capital ependiture loan was signed in February 2025. The proceeds were used to finance the construction, equipment and placing into operation of the new plant in Kazakhstan. The proceeds of the Bank's investment will be used for the construction, equipment and placing into operation of the new plant of EMK to be located in Khorgos Free Economic Zone, Kazakhstan, and financing of working capital needs, including repayment of intragroup loans used by EMK for working capital needs.European Bank for Reconstruction and DevelopmentEMPIRE MANUFACTURING KAZAKHSTAN LLPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGALMATY43.25667 76.928611750853.5517508535.41EMPIRE MANUFACTURING KAZAKHSTAN LLPPRIVATEPRIVATEPRIVATEThe provision of a loan of up to US$ 10m to finance the Empire Manufacturing Kazakhstan (EMK) working capital needs, as an addition to the existing capital expenditure loan (as described below). The existing capital ependiture loan was signed in February 2025. The proceeds were used to finance the construction, equipment and placing into operation of the new plant in Kazakhstan. The proceeds of the Bank's investment will be used for the construction, equipment and placing into operation of the new plant of EMK to be located in Khorgos Free Economic Zone, Kazakhstan, and financing of working capital needs, including repayment of intragroup loans used by EMK for working capital needs. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55538XI-IATI-EBRD-52122European Bank for Reconstruction and DevelopmentThe provision of s sovereign loan of up to € 3.6 million under the Kyrgyz Water Sector Resilience Framework (KWRF) to support modernization of the wastewater infrastructure in the city of Talas. The loan proceeds will be on-lent to the city of Talas for the benefit of the Talas water company. The loan will be co-financed by a € 3.6 million investment grant from an international donor or the EBRD Shareholder Special Fund. The Sub-project will finance critical wastewater infrastructure improvements in the city of Talas, including construction and rehabilitation of wastewater networks and construction of the wastewater treatment plant.European Bank for Reconstruction and DevelopmentKYRGYZ REPUBLIC SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBISHKEK42.87 74.5935640003600000KYRGYZ REPUBLIC SOVEREIGN36000KYRGYZ REPUBLIC SOVEREIGNSTATESTATESTATESTATEThe provision of s sovereign loan of up to € 3.6 million under the Kyrgyz Water Sector Resilience Framework (KWRF) to support modernization of the wastewater infrastructure in the city of Talas. The loan proceeds will be on-lent to the city of Talas for the benefit of the Talas water company. The loan will be co-financed by a € 3.6 million investment grant from an international donor or the EBRD Shareholder Special Fund. The Sub-project will finance critical wastewater infrastructure improvements in the city of Talas, including construction and rehabilitation of wastewater networks and construction of the wastewater treatment plant. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52122XI-IATI-EBRD-53456European Bank for Reconstruction and DevelopmentThe provision of a senior unsecured loan of up to US$ 10m to be provided under the FIF Central Asian Women in Business Programme (the CA WiB Programme or the Programme) in favor of JSCMB Ipoteka-bank (IB), of which US$ 3m to be provided for eligible investments in digitalisation under the digital component of the programme. The proceeds of the Bank's investment will be used for on-lending to eligible women-led MSMEs in line with the eligibility criteria set forth the CA WiB Policy Statement.European Bank for Reconstruction and DevelopmentIPOTEKA-BANK JSCMBEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.216278754267.71IPOTEKA-BANK JSCMBPRIVATEPRIVATEPRIVATEThe provision of a senior unsecured loan of up to US$ 10m to be provided under the FIF Central Asian Women in Business Programme (the CA WiB Programme or the Programme) in favor of JSCMB Ipoteka-bank (IB), of which US$ 3m to be provided for eligible investments in digitalisation under the digital component of the programme. The proceeds of the Bank's investment will be used for on-lending to eligible women-led MSMEs in line with the eligibility criteria set forth the CA WiB Policy Statement. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53456XI-IATI-EBRD-57309European Bank for Reconstruction and DevelopmentThe provision of an unsecured senior loan of up to US$ 50 million in the local currency equivalent or US dollars to Uzpromstroybank JSCB ("UzPSB" or "SQB"). The loan will be provided in two equal tranches of up to US$ 25 million each, the second tranche will be uncommitted. The loan will be provided under the Youth in Business Financing Programme for Central Asia ("YiBP CA"), rolled into a blended finance programme under the Financial Intermediaries Framework ("FIF"). The loan aims to (i) build on the successful momentum of the YiB loan I extended to the client in 2025 by further supporting the youth segment and expanding UzPSB's product offering. The proposed product will combine financing with non-financial services (NFS) targeted at young entrepreneurs, thereby enhancing their access to finance and skills within the economy; and (ii) diversify UzPSB's funding base.European Bank for Reconstruction and DevelopmentUZBEK INDUSTRIAL AND CONSTRUCTION BANK JSCB (UZPROMSTROYBANK)European Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.2162721885669.2621885669.26UZBEK INDUSTRIAL AND CONSTRUCTION BANK JSCB (UZPROMSTROYBANK)PRIVATEPRIVATEPRIVATEThe provision of an unsecured senior loan of up to US$ 50 million in the local currency equivalent or US dollars to Uzpromstroybank JSCB ("UzPSB" or "SQB"). The loan will be provided in two equal tranches of up to US$ 25 million each, the second tranche will be uncommitted. The loan will be provided under the Youth in Business Financing Programme for Central Asia ("YiBP CA"), rolled into a blended finance programme under the Financial Intermediaries Framework ("FIF"). The loan aims to (i) build on the successful momentum of the YiB loan I extended to the client in 2025 by further supporting the youth segment and expanding UzPSB's product offering. The proposed product will combine financing with non-financial services (NFS) targeted at young entrepreneurs, thereby enhancing their access to finance and skills within the economy; and (ii) diversify UzPSB's funding base. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57309XI-IATI-EBRD-55861European Bank for Reconstruction and DevelopmentThe provision of a senior loan of up to US$ 40 million (A-Loan) to XacBank JSC (XB) under the Youth in Business Programme in Central Asia (YiB CA Programme), aimed at financing private micro, small, and medium-sized Enterprises (MSMEs) in Mongolia. Subject to market conditions, the Bank will seek to raise an additional amount of up to US$ 107 million (B-Loan) for the account of participants. The proposed loan will enable XB to (i) support youth led/owned MSMEs in overcoming the consequences of the challenging market environment and increasing their resilience and adaptability; (ii) diversify its funding base; and (iii) launch a new product encompassing both financing and nonfinancial services (NFS) targeted at young entrepreneurs, which will increase their access to finance.European Bank for Reconstruction and DevelopmentXACBANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGULAANBAATAR47.90771 106.8832435017070.82XACBANK JSCPRIVATEPRIVATEPRIVATEThe provision of a senior loan of up to US$ 40 million (A-Loan) to XacBank JSC (XB) under the Youth in Business Programme in Central Asia (YiB CA Programme), aimed at financing private micro, small, and medium-sized Enterprises (MSMEs) in Mongolia. Subject to market conditions, the Bank will seek to raise an additional amount of up to US$ 107 million (B-Loan) for the account of participants. The proposed loan will enable XB to (i) support youth led/owned MSMEs in overcoming the consequences of the challenging market environment and increasing their resilience and adaptability; (ii) diversify its funding base; and (iii) launch a new product encompassing both financing and nonfinancial services (NFS) targeted at young entrepreneurs, which will increase their access to finance. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55861XI-IATI-EBRD-54361European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan under the Financial Intermediaries Framework (FIF) in the total amount of up to USD 2m equivalent. The loan will be structured as a synthetic Tajik Somoni loan. As part of the transaction, Humo will introduce a new training focused on providing technical digital skills for young people in collaboration with an existing education provider. The training will be nationally accredited and certified and improve the employability of 200 young people. The proceeds of the loan will be on-lent to local private MSMEs in accordance with the requirements of the FIF Policy Statement.European Bank for Reconstruction and DevelopmentHUMO BANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGDUSHANBE38.53575 68.779051884131.44HUMO BANK CJSCPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan under the Financial Intermediaries Framework (FIF) in the total amount of up to USD 2m equivalent. The loan will be structured as a synthetic Tajik Somoni loan. As part of the transaction, Humo will introduce a new training focused on providing technical digital skills for young people in collaboration with an existing education provider. The training will be nationally accredited and certified and improve the employability of 200 young people. The proceeds of the loan will be on-lent to local private MSMEs in accordance with the requirements of the FIF Policy Statement. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54361XI-IATI-EBRD-56412European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 7 million to be provided in one tranche to ProCredit Bank Kosovo (PCBK) under the FIF - Go Digital in the Western Balkans Programme (Go Digital). The proceeds of the Bank's investment will be used for providing a combination of specialised financing for automation, digitalisation, competitiveness, and green technologies to eligible SMEs in accordance with the Policy Statement. At least 60% of the total investments shall be in eligible automation and digitalisation projects, of which at least 60% shall be Green Economy Transition (GET) eligible. Furthermore, at least 60% of the total investments shall be GET eligible. The Go Digital project will support PCBK's strategy to: (i) advance innovation and competitiveness of the private sector through targeted investments and increased awareness-raising among SMEs in Kosovo for a higher utilisation of automation and digitalisation technologies; (ii) support the transition to green economy; (iii) increase the capacity and trade potential of SMEs through increased access to finance to allow them to invest additional resources to introduce EU standards; and (iv) promote more equitable access to finance for automation and digitalisation investments for women-led SMEs, and improve the competitiveness and sustainability of end-benecifiaries' business operations.European Bank for Reconstruction and DevelopmentPROCREDIT BANK SH A KOSOVOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRISTINA42.67272 21.166887000000PROCREDIT BANK SH A KOSOVOPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 7 million to be provided in one tranche to ProCredit Bank Kosovo (PCBK) under the FIF - Go Digital in the Western Balkans Programme (Go Digital). The proceeds of the Bank's investment will be used for providing a combination of specialised financing for automation, digitalisation, competitiveness, and green technologies to eligible SMEs in accordance with the Policy Statement. At least 60% of the total investments shall be in eligible automation and digitalisation projects, of which at least 60% shall be Green Economy Transition (GET) eligible. Furthermore, at least 60% of the total investments shall be GET eligible. The Go Digital project will support PCBK's strategy to: (i) advance innovation and competitiveness of the private sector through targeted investments and increased awareness-raising among SMEs in Kosovo for a higher utilisation of automation and digitalisation technologies; (ii) support the transition to green economy; (iii) increase the capacity and trade potential of SMEs through increased access to finance to allow them to invest additional resources to introduce EU standards; and (iv) promote more equitable access to finance for automation and digitalisation investments for women-led SMEs, and improve the competitiveness and sustainability of end-benecifiaries' business operations. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56412XI-IATI-EBRD-47632European Bank for Reconstruction and DevelopmentThe EBRD is providing a senior loan of EUR 116 million to CEZ Razpredelenie Bulgaria AD, an electricity distribution company incorporated in Bulgaria and operating in the western region of Bulgaria. CEZ Razpredelenie is 67 per cent owned by the CEZ Group in Czech Republic and 33 per cent by other minority shareholders' legal entities and individuals. The proceeds of the loan will be used to finance the company's capital investment programme in the distribution network for the period 2016-2017 including the acquisition of energy infrastructure, equipment and reconstruction and building of new infrastructure. The investment is expected to reduce the company's grid losses and improve the quality of distribution services.European Bank for Reconstruction and DevelopmentELECTRORAZPREDELITELNI MREJI ZAPAD ADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSOFIA42.69751 23.3241569600000ELECTRORAZPREDELITELNI MREJI ZAPAD ADPRIVATEPRIVATEPRIVATEThe EBRD is providing a senior loan of EUR 116 million to CEZ Razpredelenie Bulgaria AD, an electricity distribution company incorporated in Bulgaria and operating in the western region of Bulgaria. CEZ Razpredelenie is 67 per cent owned by the CEZ Group in Czech Republic and 33 per cent by other minority shareholders' legal entities and individuals. The proceeds of the loan will be used to finance the company's capital investment programme in the distribution network for the period 2016-2017 including the acquisition of energy infrastructure, equipment and reconstruction and building of new infrastructure. The investment is expected to reduce the company's grid losses and improve the quality of distribution services. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47632XI-IATI-EBRD-53446European Bank for Reconstruction and DevelopmentThe provision of a 3-year local currency senior loan in the amount of up to US$ 40 million in KZT equivalent to Bank CenterCredit JSC (BCC). The financing will be used for on-lending to eligible private micro, small and medium enterprises (MSMEs) in Kazakhstan. The Project continues to support local currency lending to the MSME sector in Kazakhstan by providing long-term financing to BCC, one of the largest lenders in the country. A special focus will be given to the distribution of funds in regions outside the cities of Nur-Sultan and Almaty.European Bank for Reconstruction and DevelopmentBANK CENTERCREDIT JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGALMATY43.25667 76.9286134508501.65BANK CENTERCREDIT JSCPRIVATEPRIVATEPRIVATEThe provision of a 3-year local currency senior loan in the amount of up to US$ 40 million in KZT equivalent to Bank CenterCredit JSC (BCC). The financing will be used for on-lending to eligible private micro, small and medium enterprises (MSMEs) in Kazakhstan. The Project continues to support local currency lending to the MSME sector in Kazakhstan by providing long-term financing to BCC, one of the largest lenders in the country. A special focus will be given to the distribution of funds in regions outside the cities of Nur-Sultan and Almaty. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53446XI-IATI-EBRD-56695European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan to Credit du Maroc ("CDM"), of up to EUR 25 million or equivalent in MAD, as part of a EUR 65m "GEFF +" Package (including also up to EUR 40 million or equivalent in MAD MidGEFF loan). Up to EUR 6.25 million is expected to be co-financed by the Green Climate Fund ("GCF") and a comprehensive incentive grants and technical assistance package will be funded by the European Union, as part of the Morocco Decarbonisation and Climate Resilience Programme ("MDCR"), as well as the GCF. The proceeds of the loan will be used by CDM for on-lending to private companies to finance their climate change mitigation and adaptation investments in a gender-responsive way. The project will promote a green economy in Morocco by supporting private sector Moroccan MSMEs and Midcaps implementing climate change adaptation and mitigation investments in a gender-responsive way. The project will specifically target, among other things: small-scale renewable energy, energy efficiency, green buildings, circular economy, climate adaptation investments (with a particular focus on water efficiency and sustainable land management), digitalisation and blue economy investments.European Bank for Reconstruction and DevelopmentCREDIT DU MAROCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCASABLANCA33.58831 -7.6113811250000CREDIT DU MAROCPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan to Credit du Maroc ("CDM"), of up to EUR 25 million or equivalent in MAD, as part of a EUR 65m "GEFF +" Package (including also up to EUR 40 million or equivalent in MAD MidGEFF loan). Up to EUR 6.25 million is expected to be co-financed by the Green Climate Fund ("GCF") and a comprehensive incentive grants and technical assistance package will be funded by the European Union, as part of the Morocco Decarbonisation and Climate Resilience Programme ("MDCR"), as well as the GCF. The proceeds of the loan will be used by CDM for on-lending to private companies to finance their climate change mitigation and adaptation investments in a gender-responsive way. The project will promote a green economy in Morocco by supporting private sector Moroccan MSMEs and Midcaps implementing climate change adaptation and mitigation investments in a gender-responsive way. The project will specifically target, among other things: small-scale renewable energy, energy efficiency, green buildings, circular economy, climate adaptation investments (with a particular focus on water efficiency and sustainable land management), digitalisation and blue economy investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56695XI-IATI-EBRD-55256European Bank for Reconstruction and DevelopmentProvision of up to EUR 35 million unfunded guarantee under the Portfolio Risk Sharing ("PRS") in favour of Qatar National Bank S.A.E ("QNB"). The guarantee will cover up to 50% of the credit risk on a pro rata basis on the newly-generated MSME loan portfolio originated by QNB. This is the first pilot project implementing the EBRD's Portfolio Risk Sharing product in Egypt. The product aims to release a bank's risk-taking capacity to boost on-lending to MSMEs, addressing an MSME financing gap in the market.European Bank for Reconstruction and DevelopmentQATAR NATIONAL BANK SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.249673500000035000000QATAR NATIONAL BANK SAEPRIVATEPRIVATEPRIVATEProvision of up to EUR 35 million unfunded guarantee under the Portfolio Risk Sharing ("PRS") in favour of Qatar National Bank S.A.E ("QNB"). The guarantee will cover up to 50% of the credit risk on a pro rata basis on the newly-generated MSME loan portfolio originated by QNB. This is the first pilot project implementing the EBRD's Portfolio Risk Sharing product in Egypt. The product aims to release a bank's risk-taking capacity to boost on-lending to MSMEs, addressing an MSME financing gap in the market. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55256XI-IATI-EBRD-49705European Bank for Reconstruction and DevelopmentFollow-on investment in Basharsoft as part of Venture Capital Investment Programme (VCIP). Null ValueEuropean Bank for Reconstruction and DevelopmentEL BASHARSOFT INCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.249671400682.83EL BASHARSOFT INC2427182.04EL BASHARSOFT INCPRIVATEPRIVATEPRIVATEFollow-on investment in Basharsoft as part of Venture Capital Investment Programme (VCIP). Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49705XI-IATI-EBRD-53448European Bank for Reconstruction and DevelopmentThe provision of a 3-year senior loan to XacBank LLC in the amount of up to US$ 25 million, of which up to US$ 18.75 million to be provided by the EBRD and up to US$ 6.25 million by GCF under the GCF - Green Economy Financing Facility (GEFF) Regional Framework. The proceeds of the loan will be used for financing investments in climate change mitigation and adaptation technologies and services in line with the standards and reporting requirements for the GCF-GEFF Regional Framework.European Bank for Reconstruction and DevelopmentXACBANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGULAANBAATAR47.90771 106.8832416414251.95XACBANK JSCPRIVATEPRIVATEPRIVATEThe provision of a 3-year senior loan to XacBank LLC in the amount of up to US$ 25 million, of which up to US$ 18.75 million to be provided by the EBRD and up to US$ 6.25 million by GCF under the GCF - Green Economy Financing Facility (GEFF) Regional Framework. The proceeds of the loan will be used for financing investments in climate change mitigation and adaptation technologies and services in line with the standards and reporting requirements for the GCF-GEFF Regional Framework. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53448XI-IATI-EBRD-47221European Bank for Reconstruction and DevelopmentThe Bank is providing financing for facilitation of the electricity cross-border trade of existing summertime hydropower surplus in Tajikistan and Kyrgyzstan (the "Project"). The Bank's financing will go towards the reinforcement and construction of the high voltage transmission infrastructure in Tajikistan as part of the Project. The Project is supported by an Inter-Governmental Agreement by the participating countries and is envisaged to be co-financed by a number of IFIs/bilateral donors, including the World Bank Group and the European Investment Bank. The Bank's involvement in the Project shall support the expansion of opportunities for cross-regional energy trade and help finance the modernization of Tajikistan's domestic transmission infrastructure. The Bank also intends to support a potential carbon credits arrangement. Null ValueEuropean Bank for Reconstruction and DevelopmentBARQI TOJIK OJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGDUSHANBE38.53575 68.7790518756519.9696296944.76BARQI TOJIK OJSC962969.45BARQI TOJIK OJSC11807147.85BARQI TOJIK OJSC930715.8BARQI TOJIK OJSC4744436.13BARQI TOJIK OJSC1260651.42BARQI TOJIK OJSC9751616.21BARQI TOJIK OJSC8119138.08BARQI TOJIK OJSC2174830.02BARQI TOJIK OJSC3411798.21BARQI TOJIK OJSC5661113.98BARQI TOJIK OJSC1186368.34BARQI TOJIK OJSC3662314.91BARQI TOJIK OJSC2875870.62BARQI TOJIK OJSC675796.3BARQI TOJIK OJSC587336.48BARQI TOJIK OJSC2159531.34BARQI TOJIK OJSC587007.72BARQI TOJIK OJSC106416.62BARQI TOJIK OJSC1901908.73BARQI TOJIK OJSC2067413.98BARQI TOJIK OJSC207488.05BARQI TOJIK OJSC340266.65BARQI TOJIK OJSC796598.86BARQI TOJIK OJSC987991.1BARQI TOJIK OJSC269945.81BARQI TOJIK OJSC1576988.66BARQI TOJIK OJSC920140.36BARQI TOJIK OJSC3129357.75BARQI TOJIK OJSC1693066.91BARQI TOJIK OJSC102057.73BARQI TOJIK OJSC2882140.73BARQI TOJIK OJSCSTATESTATESTATESTATEThe Bank is providing financing for facilitation of the electricity cross-border trade of existing summertime hydropower surplus in Tajikistan and Kyrgyzstan (the "Project"). The Bank's financing will go towards the reinforcement and construction of the high voltage transmission infrastructure in Tajikistan as part of the Project. The Project is supported by an Inter-Governmental Agreement by the participating countries and is envisaged to be co-financed by a number of IFIs/bilateral donors, including the World Bank Group and the European Investment Bank. The Bank's involvement in the Project shall support the expansion of opportunities for cross-regional energy trade and help finance the modernization of Tajikistan's domestic transmission infrastructure. The Bank also intends to support a potential carbon credits arrangement. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/47221XI-IATI-EBRD-49274European Bank for Reconstruction and DevelopmentThe proceeds of the sovereign loan to the Kyrgyz Republic will be on-lent to the city of Isfana for the benefit of the municipal water company in Isfana. A sovereign loan of up to €1.6 million under the KR Water and Wastewater Framework - Extension will support the modernisation of the Isfana water supply infrastructure. The loan will be co-financed by a €2.4 million investment grant from the EU Investment Facility for Central Asia The Project will focus on the rehabilitation of water systems, the introduction of household metering and the modernisation of operational and maintenance equipment. The investments are expected to significantly improve access to clean water, reduce water losses, improve resilience to climate change and optimise operating costs for the Isfana water company.European Bank for Reconstruction and DevelopmentKYRGYZ REPUBLIC SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBISHKEK42.87 74.59477395.131600000KYRGYZ REPUBLIC SOVEREIGN16000KYRGYZ REPUBLIC SOVEREIGN304840KYRGYZ REPUBLIC SOVEREIGN185028.98KYRGYZ REPUBLIC SOVEREIGN107671.84KYRGYZ REPUBLIC SOVEREIGN54923.64KYRGYZ REPUBLIC SOVEREIGN85748KYRGYZ REPUBLIC SOVEREIGN108669KYRGYZ REPUBLIC SOVEREIGN65544.89KYRGYZ REPUBLIC SOVEREIGN126700.4KYRGYZ REPUBLIC SOVEREIGN67478.12KYRGYZ REPUBLIC SOVEREIGNSTATESTATESTATESTATEThe proceeds of the sovereign loan to the Kyrgyz Republic will be on-lent to the city of Isfana for the benefit of the municipal water company in Isfana. A sovereign loan of up to €1.6 million under the KR Water and Wastewater Framework - Extension will support the modernisation of the Isfana water supply infrastructure. The loan will be co-financed by a €2.4 million investment grant from the EU Investment Facility for Central Asia The Project will focus on the rehabilitation of water systems, the introduction of household metering and the modernisation of operational and maintenance equipment. The investments are expected to significantly improve access to clean water, reduce water losses, improve resilience to climate change and optimise operating costs for the Isfana water company. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49274XI-IATI-EBRD-56818European Bank for Reconstruction and DevelopmentAn EBRD equity investment of EUR 13.1 million in the initial public offering ("IPO") of Romanian cold cuts and ready-meals producer Cris-Tim Family Holding S.A. ("Cris-Tim" or the "Company") on the Bucharest Stock Exchange. The IPO raised RON 454.35 million (approx. EUR 89 million), with a significant proportion of the proceeds (over 85%) to be utilised by the Company for general corporate purposes, including investments. The project supports the Company in raising funds for its investment plan via an IPO and contributes to local capital market development in Romania.European Bank for Reconstruction and DevelopmentCRIS-TIM FAMILY HOLDING SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUCHAREST44.43225 26.1062613104351.97CRIS-TIM FAMILY HOLDING SAPRIVATEPRIVATEPRIVATEAn EBRD equity investment of EUR 13.1 million in the initial public offering ("IPO") of Romanian cold cuts and ready-meals producer Cris-Tim Family Holding S.A. ("Cris-Tim" or the "Company") on the Bucharest Stock Exchange. The IPO raised RON 454.35 million (approx. EUR 89 million), with a significant proportion of the proceeds (over 85%) to be utilised by the Company for general corporate purposes, including investments. The project supports the Company in raising funds for its investment plan via an IPO and contributes to local capital market development in Romania. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56818XI-IATI-EBRD-55204European Bank for Reconstruction and DevelopmentThe provision of a three-year senior loan (YiB Loan I) of up to US$ 10 million in the local currency equivalent to Ipak Yuli Bank (IYB), a major private bank in Uzbekistan, under the Youth in Business Programme for Central Asia (CA YiB). The proceeds of the Bank's investment will be used for on-lending to eligible youth-led MSMEs in line with standard eligibility criteria. The YiB Loan I will enable Ipak Yuli Bank to maintain further diversification of its funding base, and to finance youth-led businesses in Uzbekistan. Ipak Yuli Bank will benefit from a comprehensive technical assistance (TC) to develop the internal capacity for financing youth-led businesses and to contribute to the improvement in access to finance for youth entrepreneurs in Uzbekistan.European Bank for Reconstruction and DevelopmentIPAK YULI JOINT-STOCK INNOVATION COMMERCIAL BANKEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.216279350774.13IPAK YULI JOINT-STOCK INNOVATION COMMERCIAL BANKPRIVATEPRIVATEPRIVATEThe provision of a three-year senior loan (YiB Loan I) of up to US$ 10 million in the local currency equivalent to Ipak Yuli Bank (IYB), a major private bank in Uzbekistan, under the Youth in Business Programme for Central Asia (CA YiB). The proceeds of the Bank's investment will be used for on-lending to eligible youth-led MSMEs in line with standard eligibility criteria. The YiB Loan I will enable Ipak Yuli Bank to maintain further diversification of its funding base, and to finance youth-led businesses in Uzbekistan. Ipak Yuli Bank will benefit from a comprehensive technical assistance (TC) to develop the internal capacity for financing youth-led businesses and to contribute to the improvement in access to finance for youth entrepreneurs in Uzbekistan. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55204XI-IATI-EBRD-51859European Bank for Reconstruction and DevelopmentProvision of a sovereign guaranteed loan to Societe Tunisienne de l'Electricite et du Gaz ("STEG" or the "Company") to assist the Company in its reforms and developing Tunisia's electricity sector. The Project combines long-term reform objectives with an immediate response to the COVID-19 crisis. The proceeds of the Bank's loan will be used to (i) provide liquidity support to STEG as an immediate response to the current COVID-19 crisis, and to (ii) refinance existing short-term debt to lengthen the tenors and provide terms more consistent with STEG's operations. The general objective is the reform and restructuring of STEG and the Tunisian energy sector to achieve long term sustainability. The Project will include a comprehensive corporate reform roadmap, including measures to improve the Company's corporate governance, environmental and social standards, financial management, strategy & risk, and inclusive policy engagements.European Bank for Reconstruction and DevelopmentSOCIETE TUNISIENNE DE L'ELECTRICITE ET DU GAZEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTUNIS36.81897 10.16579300000000SOCIETE TUNISIENNE DE L'ELECTRICITE ET DU GAZ2000000SOCIETE TUNISIENNE DE L'ELECTRICITE ET DU GAZ60000000SOCIETE TUNISIENNE DE L'ELECTRICITE ET DU GAZ39000000SOCIETE TUNISIENNE DE L'ELECTRICITE ET DU GAZ1000000SOCIETE TUNISIENNE DE L'ELECTRICITE ET DU GAZ49500000SOCIETE TUNISIENNE DE L'ELECTRICITE ET DU GAZ31324135.03SOCIETE TUNISIENNE DE L'ELECTRICITE ET DU GAZ18175864.97SOCIETE TUNISIENNE DE L'ELECTRICITE ET DU GAZ41667457.97SOCIETE TUNISIENNE DE L'ELECTRICITE ET DU GAZ7832542.03SOCIETE TUNISIENNE DE L'ELECTRICITE ET DU GAZ32581696.3SOCIETE TUNISIENNE DE L'ELECTRICITE ET DU GAZ16918303.7SOCIETE TUNISIENNE DE L'ELECTRICITE ET DU GAZSTATESTATESTATESTATEProvision of a sovereign guaranteed loan to Societe Tunisienne de l'Electricite et du Gaz ("STEG" or the "Company") to assist the Company in its reforms and developing Tunisia's electricity sector. The Project combines long-term reform objectives with an immediate response to the COVID-19 crisis. The proceeds of the Bank's loan will be used to (i) provide liquidity support to STEG as an immediate response to the current COVID-19 crisis, and to (ii) refinance existing short-term debt to lengthen the tenors and provide terms more consistent with STEG's operations. The general objective is the reform and restructuring of STEG and the Tunisian energy sector to achieve long term sustainability. The Project will include a comprehensive corporate reform roadmap, including measures to improve the Company's corporate governance, environmental and social standards, financial management, strategy & risk, and inclusive policy engagements. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51859XI-IATI-EBRD-52135European Bank for Reconstruction and DevelopmentThe provision of a loan of €81.6 million to the Republic of Uzbekistan to be on-lent to JSC "Sirdarya Thermal Power Plant" ("Sirdarya TPP"), JSC "Tashkent Thermal Power Plant" ("TashTES"), JSC "Navoi Thermal Power Plant" ("Navoi TPP"), JSC "Talimarjan Thermal Power Plant" ("Talimarjan TPP") and JSC "Takhiatash Thermal Power Plant" ("Takhiatash TPP") to finance their working capital and operational liquidity needs. These joint stock companies are incorporated in the Republic of Uzbekistan and owned by the state power generation company JSC "Thermal Power Plants" (the "Company", or "TPP"). The loan proceeds will be used to finance working capital and operational liquidity needs of the TPP subsidiaries in the context of the EBRD COVID-19 crisis response. The Project will combine long-term reform objectives with an immediate response to the COVID-19 impact by supporting the companies with a liquidity injection while contributing to the corporatisation and commercialisation of the power generation sector. The project is developed under the Vital Infrastructure Support Programme (VISP), which is part of the EBRD COVID-19 Solidarity Package.European Bank for Reconstruction and DevelopmentUZBEKISTAN SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.2162781600000UZBEKISTAN SOVEREIGN816000UZBEKISTAN SOVEREIGN2500000UZBEKISTAN SOVEREIGN8200000UZBEKISTAN SOVEREIGN4920266UZBEKISTAN SOVEREIGN7700000UZBEKISTAN SOVEREIGN5500000UZBEKISTAN SOVEREIGN5200000UZBEKISTAN SOVEREIGN2500000UZBEKISTAN SOVEREIGN723300UZBEKISTAN SOVEREIGN4121834UZBEKISTAN SOVEREIGN2186570UZBEKISTAN SOVEREIGN46073UZBEKISTAN SOVEREIGN10825144.75UZBEKISTAN SOVEREIGN1546104UZBEKISTAN SOVEREIGN586383UZBEKISTAN SOVEREIGN540559UZBEKISTAN SOVEREIGN2498740UZBEKISTAN SOVEREIGN498040UZBEKISTAN SOVEREIGN785584UZBEKISTAN SOVEREIGN1226804.95UZBEKISTAN SOVEREIGN2954842.16UZBEKISTAN SOVEREIGN660801.02UZBEKISTAN SOVEREIGN2107933.42UZBEKISTAN SOVEREIGN4760418.71UZBEKISTAN SOVEREIGN2042394.51UZBEKISTAN SOVEREIGN2518858.35UZBEKISTAN SOVEREIGN1505910.87UZBEKISTAN SOVEREIGN309472.07UZBEKISTAN SOVEREIGN960395.93UZBEKISTAN SOVEREIGN510049.38UZBEKISTAN SOVEREIGNSTATESTATESTATESTATEThe provision of a loan of €81.6 million to the Republic of Uzbekistan to be on-lent to JSC "Sirdarya Thermal Power Plant" ("Sirdarya TPP"), JSC "Tashkent Thermal Power Plant" ("TashTES"), JSC "Navoi Thermal Power Plant" ("Navoi TPP"), JSC "Talimarjan Thermal Power Plant" ("Talimarjan TPP") and JSC "Takhiatash Thermal Power Plant" ("Takhiatash TPP") to finance their working capital and operational liquidity needs. These joint stock companies are incorporated in the Republic of Uzbekistan and owned by the state power generation company JSC "Thermal Power Plants" (the "Company", or "TPP"). The loan proceeds will be used to finance working capital and operational liquidity needs of the TPP subsidiaries in the context of the EBRD COVID-19 crisis response. The Project will combine long-term reform objectives with an immediate response to the COVID-19 impact by supporting the companies with a liquidity injection while contributing to the corporatisation and commercialisation of the power generation sector. The project is developed under the Vital Infrastructure Support Programme (VISP), which is part of the EBRD COVID-19 Solidarity Package. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52135XI-IATI-EBRD-56261European Bank for Reconstruction and DevelopmentProvision of a senior loan of up to EUR 14 million to SC Apa Prod SA (the "Client", or the "Company"), the provider of water supply and wastewater collection and treatment services in the County of Hunedoara in Romania. The proceeds of the loan will co-finance, alongside EU Cohesion Funds, the Company's investment programme for the rehabilitation and expansion of the water and wastewater infrastructure in the County of Hunedoara (the "Project"). The Project will enable SC Apa Prod to expand its operations and achieve compliance with EU directives on drinking water quality and wastewater collection and treatment.European Bank for Reconstruction and DevelopmentSC APA PROD SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGDEVA45.88333 22.91400000014000000SC APA PROD SASTATESTATESTATESTATEProvision of a senior loan of up to EUR 14 million to SC Apa Prod SA (the "Client", or the "Company"), the provider of water supply and wastewater collection and treatment services in the County of Hunedoara in Romania. The proceeds of the loan will co-finance, alongside EU Cohesion Funds, the Company's investment programme for the rehabilitation and expansion of the water and wastewater infrastructure in the County of Hunedoara (the "Project"). The Project will enable SC Apa Prod to expand its operations and achieve compliance with EU directives on drinking water quality and wastewater collection and treatment. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56261XI-IATI-EBRD-54716European Bank for Reconstruction and DevelopmentProvision of a sovereign loan of up to EUR 170 million to the Arab Republic of Egypt, to be on-lent to the state-owned Egyptian Electricity Transmission Company (EETC), to finance the upgrade and reinforcement of the electricity transmission grid in Egypt. The proceeds of the loan will be used to finance (i) the upgrade of a 500 kV substation in the Cairo governorate in Egypt that is crucial for the stability of the network and is directly linked to the closing of a gas-powered power plant (Shoubra El Kheima) under the Energy Pillar of Egypt's Nexus Water, Food & Energy (NWFE) initiative, and (ii) the construction of a 200 km high-voltage overhead transmission line (OHL) that will relay c. 2.1 GW of renewable energy from the Gulf of Suez region, where several wind projects are currently under development or construction. The Project will be the first grid investment under a USD 2 billion investment programme to be implemented by EETC under the NWFE initiative. The Project will help unlock Egypt's renewable energy potential by tackling one of the main obstacles impeding the roll-out of more renewables. Expansion and upgrade of the ageing transmission and distribution network is crucial in allowing Egypt to achieve its long-term strategy of having 42% of the electricity generated on peak load come from renewables by 2030. The quantifiable benefits of the Project include the connection of new loads and the reduction of grid losses. The unquantifiable benefits include relief of overloading on neighbouring substations, improvement of voltage profile, and increase of system security.European Bank for Reconstruction and DevelopmentEGYPT SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.249676600000066000000EGYPT SOVEREIGNSTATESTATESTATESTATEProvision of a sovereign loan of up to EUR 170 million to the Arab Republic of Egypt, to be on-lent to the state-owned Egyptian Electricity Transmission Company (EETC), to finance the upgrade and reinforcement of the electricity transmission grid in Egypt. The proceeds of the loan will be used to finance (i) the upgrade of a 500 kV substation in the Cairo governorate in Egypt that is crucial for the stability of the network and is directly linked to the closing of a gas-powered power plant (Shoubra El Kheima) under the Energy Pillar of Egypt's Nexus Water, Food & Energy (NWFE) initiative, and (ii) the construction of a 200 km high-voltage overhead transmission line (OHL) that will relay c. 2.1 GW of renewable energy from the Gulf of Suez region, where several wind projects are currently under development or construction. The Project will be the first grid investment under a USD 2 billion investment programme to be implemented by EETC under the NWFE initiative. The Project will help unlock Egypt's renewable energy potential by tackling one of the main obstacles impeding the roll-out of more renewables. Expansion and upgrade of the ageing transmission and distribution network is crucial in allowing Egypt to achieve its long-term strategy of having 42% of the electricity generated on peak load come from renewables by 2030. The quantifiable benefits of the Project include the connection of new loads and the reduction of grid losses. The unquantifiable benefits include relief of overloading on neighbouring substations, improvement of voltage profile, and increase of system security. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54716XI-IATI-EBRD-53665European Bank for Reconstruction and DevelopmentThe provision of a senior unsecured MSME loan of up to US$ 7m in KGS equivalent to Closed Joint-Stock Company Kyrgyz Investment and Credit Bank based in the Kyrgyz Republic under Financial Intermediaries Framework (FF") for financing local private MSMEs. The project contributes to the objectives of the Financial Intermediary Framework (FIF), supporting the Competitive and Resilient transition qualities. FIF seeks to (i) foster MSME competitiveness by increasing availability of financing and (ii) contribute to the competitiveness of financial institutions by enabling innovation in strategy, products, processes and marketing related to MSME lending.European Bank for Reconstruction and DevelopmentKYRGYZ INVESTMENT AND CREDIT BANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBISHKEK42.87 74.596184146.84KYRGYZ INVESTMENT AND CREDIT BANK CJSCPRIVATEPRIVATEPRIVATEThe provision of a senior unsecured MSME loan of up to US$ 7m in KGS equivalent to Closed Joint-Stock Company Kyrgyz Investment and Credit Bank based in the Kyrgyz Republic under Financial Intermediaries Framework (FF") for financing local private MSMEs. The project contributes to the objectives of the Financial Intermediary Framework (FIF), supporting the Competitive and Resilient transition qualities. FIF seeks to (i) foster MSME competitiveness by increasing availability of financing and (ii) contribute to the competitiveness of financial institutions by enabling innovation in strategy, products, processes and marketing related to MSME lending. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53665XI-IATI-EBRD-51805European Bank for Reconstruction and DevelopmentThe provision of a € 2.5 million (US$ 2.7 million) senior secured loan (the "Loan") to Tajikistan-based flour and animal feed producer Farovon Group. The Bank's financing will be used to purchase equipment for edible oil refinery.European Bank for Reconstruction and DevelopmentFAROVON-1 LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKHUJAND40.28256 69.622162500000FAROVON-1 LLCPRIVATEPRIVATEPRIVATEThe provision of a € 2.5 million (US$ 2.7 million) senior secured loan (the "Loan") to Tajikistan-based flour and animal feed producer Farovon Group. The Bank's financing will be used to purchase equipment for edible oil refinery. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51805XI-IATI-EBRD-56566European Bank for Reconstruction and DevelopmentProvision of a subordinated Tier 2 loan of up to RSD 1.4 billion (€12 million equivalent) to ProCredit Bank AD Belgrade ("PCB"). The loan will help strengthen PCB's Tier 2 capital to support growth plans and optimize capital structure. In addition, the loan aims to support PCB in building the funding base for the minimum requirement for own funds and eligible liabilities ("MREL"). Proceeds of the loan will be used to finance eligible green and inclusive sub-projects. EBRD is seeking to support the resilience of PCB, by contributing to the optimisation of its capital structure through the increase of Tier 2 capital and thus support PCB's growth plans. Moreover, the proceeds from the loan will be used by PCB to support investments in the green economy (70% of the loan proceeds) as well as youth and women-led/owned SMEs (30% of the loan proceeds and 100% of the 1.4x on-lending multiple) in Serbia.European Bank for Reconstruction and DevelopmentPROCREDIT BANK AD BELGRADEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651311974818.38PROCREDIT BANK AD BELGRADEPRIVATEPRIVATEPRIVATEProvision of a subordinated Tier 2 loan of up to RSD 1.4 billion (€12 million equivalent) to ProCredit Bank AD Belgrade ("PCB"). The loan will help strengthen PCB's Tier 2 capital to support growth plans and optimize capital structure. In addition, the loan aims to support PCB in building the funding base for the minimum requirement for own funds and eligible liabilities ("MREL"). Proceeds of the loan will be used to finance eligible green and inclusive sub-projects. EBRD is seeking to support the resilience of PCB, by contributing to the optimisation of its capital structure through the increase of Tier 2 capital and thus support PCB's growth plans. Moreover, the proceeds from the loan will be used by PCB to support investments in the green economy (70% of the loan proceeds) as well as youth and women-led/owned SMEs (30% of the loan proceeds and 100% of the 1.4x on-lending multiple) in Serbia. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56566XI-IATI-EBRD-53642European Bank for Reconstruction and DevelopmentProvision of a long-term senior unsecured loan of up to EUR 2 million to Komercijalna Banka Skopje for on-lending to small and medium-sized enterprises ("SMEs") in North Macedonia. The loan is envisaged under the Sustainable Reboot SME Programme ("Reboot SME"). The loan is intended to provide financing for on-lending to local SMEs for investments in high performance technologies and services in order to introduce and implement EU and other international quality standards. At least 70 per cent of the use of the proceeds is expected to be related to Green Economy Transition ("GET") investments.European Bank for Reconstruction and DevelopmentKOMERCIJALNA BANKA AD SKOPJEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.431412000000KOMERCIJALNA BANKA AD SKOPJEPRIVATEPRIVATEPRIVATEProvision of a long-term senior unsecured loan of up to EUR 2 million to Komercijalna Banka Skopje for on-lending to small and medium-sized enterprises ("SMEs") in North Macedonia. The loan is envisaged under the Sustainable Reboot SME Programme ("Reboot SME"). The loan is intended to provide financing for on-lending to local SMEs for investments in high performance technologies and services in order to introduce and implement EU and other international quality standards. At least 70 per cent of the use of the proceeds is expected to be related to Green Economy Transition ("GET") investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53642XI-IATI-EBRD-51586European Bank for Reconstruction and DevelopmentA senior unsecured loan up to EUR 3m (the "SMECSP Loan") in two tranches, first tranche of EUR 1m and second tranche of EUR 2m, under the Western Balkans SME Competitiveness Support Programme (SME-CSP). The 2nd tranche is uncommitted and its commitment will be at EBRD's sole discretion. The Loan is envisaged to provide financing for on-lending to local SMEs for investments to upgrade production facilities and comply with various EU Directives in the field of environmental protection, workers' safety and product quality and safety and become competitive. Support to SMEs is tailored as a combination of access to finance with TC and non TC assistance. At least 60% of the use of proceeds will go towards financing GET-eligible investments.European Bank for Reconstruction and DevelopmentCRNOGORSKA KOMERCIJALNA BANKA AD PODGORICAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPODGORICA42.44111 19.263613000000CRNOGORSKA KOMERCIJALNA BANKA AD PODGORICAPRIVATEPRIVATEPRIVATEA senior unsecured loan up to EUR 3m (the "SMECSP Loan") in two tranches, first tranche of EUR 1m and second tranche of EUR 2m, under the Western Balkans SME Competitiveness Support Programme (SME-CSP). The 2nd tranche is uncommitted and its commitment will be at EBRD's sole discretion. The Loan is envisaged to provide financing for on-lending to local SMEs for investments to upgrade production facilities and comply with various EU Directives in the field of environmental protection, workers' safety and product quality and safety and become competitive. Support to SMEs is tailored as a combination of access to finance with TC and non TC assistance. At least 60% of the use of proceeds will go towards financing GET-eligible investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51586XI-IATI-EBRD-52550European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to USD 5 million to Export Development Bank of Egypt (EBE) for on-lending to women-led small and medium-sized enterprises (SMEs) in Egypt The EBRD loan will support EBE's lending activities and expand access to finance for underserved women-led SMEs.European Bank for Reconstruction and DevelopmentEXPORT DEVELOPMENT BANK OF EGYPTEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.249674377133.85EXPORT DEVELOPMENT BANK OF EGYPTPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to USD 5 million to Export Development Bank of Egypt (EBE) for on-lending to women-led small and medium-sized enterprises (SMEs) in Egypt The EBRD loan will support EBE's lending activities and expand access to finance for underserved women-led SMEs. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52550XI-IATI-EBRD-56570European Bank for Reconstruction and DevelopmentAn EBRD equity investment of up to €25 million in Voli Trade d.o.o. ("Voli"). The proceeds of the EBRD investment will be used to finance the construction of a new logistics and distribution centre ("LDC") in Podgorica. The direct objective of the project is to finance Voli's investment in a new state of the art distribution centre. The project will also support the company in its digital transformation agenda via a dedicated technical assistance programme. This will encompass a comprehensive digital assessment, the creation of a strategic digital roadmap, and a cybersecurity evaluation to ensure long-term security and resilience of the company's digital infrastructure.European Bank for Reconstruction and DevelopmentVOLI TRADE DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPODGORICA42.44111 19.263612500000025000000VOLI TRADE DOOPRIVATEPRIVATEPRIVATEAn EBRD equity investment of up to €25 million in Voli Trade d.o.o. ("Voli"). The proceeds of the EBRD investment will be used to finance the construction of a new logistics and distribution centre ("LDC") in Podgorica. The direct objective of the project is to finance Voli's investment in a new state of the art distribution centre. The project will also support the company in its digital transformation agenda via a dedicated technical assistance programme. This will encompass a comprehensive digital assessment, the creation of a strategic digital roadmap, and a cybersecurity evaluation to ensure long-term security and resilience of the company's digital infrastructure. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56570XI-IATI-EBRD-48203European Bank for Reconstruction and DevelopmentLong-term senior debt financing of up to USD 27.0 million (EUR 24.8 million equivalent) to finance the construction of 50 MW solar photovoltaic plant located in the proposed 1.8 GW Benban solar complex in the Aswan province of Egypt (the "Project"). The Project will be one of the first utility scale solar plants in Egypt and will support the country in increasing its renewable energy capacity. The Project is part of a larger portfolio of two 50 MW plants developed in Benban by the same group of lead sponsors. The Project will be developed under the programme implemented by the Egyptian government offering feed-in tariffs to projects of up to 50 MW capacity to stimulate private investment in over 4 GW of wind and solar power. This scheme aims to support Egypt to move to a more environmentally sustainable and diverse electricity sector by exploiting the country's vast renewable energy potential. It is expected to improve the environmental characteristics of Egypt's power sector by reducing emissions of local pollutants and CO2, as well as water consumption.European Bank for Reconstruction and DevelopmentEGYPTIAN COMPANY FOR SOLAR ENERGY DEVELOPMENT SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496724305945.9EGYPTIAN COMPANY FOR SOLAR ENERGY DEVELOPMENT SAEPRIVATEPRIVATEPRIVATELong-term senior debt financing of up to USD 27.0 million (EUR 24.8 million equivalent) to finance the construction of 50 MW solar photovoltaic plant located in the proposed 1.8 GW Benban solar complex in the Aswan province of Egypt (the "Project"). The Project will be one of the first utility scale solar plants in Egypt and will support the country in increasing its renewable energy capacity. The Project is part of a larger portfolio of two 50 MW plants developed in Benban by the same group of lead sponsors. The Project will be developed under the programme implemented by the Egyptian government offering feed-in tariffs to projects of up to 50 MW capacity to stimulate private investment in over 4 GW of wind and solar power. This scheme aims to support Egypt to move to a more environmentally sustainable and diverse electricity sector by exploiting the country's vast renewable energy potential. It is expected to improve the environmental characteristics of Egypt's power sector by reducing emissions of local pollutants and CO2, as well as water consumption. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48203XI-IATI-EBRD-53768European Bank for Reconstruction and DevelopmentThe project consists of provision of EUR 25 million loan to be used for the MK Group's ("Borrower", "Company") capital investments in its farming and sugar operations in Serbia, as well as for debt refinancing. The main objective of the project is to support the MK Group's equipment modernisation and upgrade as well as to support the MK Group's resilience and balance sheet strength.European Bank for Reconstruction and DevelopmentMK GROUP DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651325000000MK GROUP DOOPRIVATEPRIVATEPRIVATEThe project consists of provision of EUR 25 million loan to be used for the MK Group's ("Borrower", "Company") capital investments in its farming and sugar operations in Serbia, as well as for debt refinancing. The main objective of the project is to support the MK Group's equipment modernisation and upgrade as well as to support the MK Group's resilience and balance sheet strength. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53768XI-IATI-EBRD-56114European Bank for Reconstruction and DevelopmentProvision of a long-term senior unsecured loan to Intesa Sanpaolo BiH ("ISP BiH") for on-lending to Youth micro, small and medium-sized enterprises ("MSMEs") in BiH. The loan is envisaged under the WB Youth in Business Programme ("WB YiB"). The project will contribute to youth's economic inclusion by supporting youth-led MSMEs' access to finance and business advisory services.European Bank for Reconstruction and DevelopmentINTESA SANPAOLO BANKA DD BOSNIA AND HERZEGOVINAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.35644500000INTESA SANPAOLO BANKA DD BOSNIA AND HERZEGOVINAPRIVATEPRIVATEPRIVATEProvision of a long-term senior unsecured loan to Intesa Sanpaolo BiH ("ISP BiH") for on-lending to Youth micro, small and medium-sized enterprises ("MSMEs") in BiH. The loan is envisaged under the WB Youth in Business Programme ("WB YiB"). The project will contribute to youth's economic inclusion by supporting youth-led MSMEs' access to finance and business advisory services. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56114XI-IATI-EBRD-49083European Bank for Reconstruction and DevelopmentThe project assumes establishing a municipally owned passenger transport operator providing services on basic routes in Kurgan-Tyube and its suburban area in order to ensure a minimum standard of public transport service and transport links. The EBRD would provide a loan of up to US$ 6.0 million to the newly created passenger transportation company. The Republic of Tajikistan would provide a sovereign guarantee. The city of Kurgan-Tyube, as owner of the Company, would sign a Project Support Agreement with the Bank. The loan would consist of two tranches: 1) Tranche I (committed) - a loan of up to US$ 3.5 million to be co-financed by a capital grant of US$ 1.8 million from an international donor. 2) Tranche II (uncommitted) i a loan of up to US$ 2.5 million to be co-financed by a capital grant of US$ 1.3 million from an international donor. The loan proceeds would finance the following: a) fleet purchase b) depot construction and equipment c) introduction of an automated fare collection system. The project's objective is to establish a reliable passenger transport service on core routes in Kurgan-Tyube and suburban routes from Kurgan-Tyube to the towns of Vakhsh and Sarband.European Bank for Reconstruction and DevelopmentBOKHTARNAKLIETKHIZMATRASON SCUEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBOKHTAR37.84527 68.858425252560.62BOKHTARNAKLIETKHIZMATRASON SCUE52525.61BOKHTARNAKLIETKHIZMATRASON SCUE515627.77BOKHTARNAKLIETKHIZMATRASON SCUE175383.15BOKHTARNAKLIETKHIZMATRASON SCUE935481.05BOKHTARNAKLIETKHIZMATRASON SCUE141192.38BOKHTARNAKLIETKHIZMATRASON SCUE47389.48BOKHTARNAKLIETKHIZMATRASON SCUE78258.2BOKHTARNAKLIETKHIZMATRASON SCUE155713.76BOKHTARNAKLIETKHIZMATRASON SCUE81479.03BOKHTARNAKLIETKHIZMATRASON SCUE174437.87BOKHTARNAKLIETKHIZMATRASON SCUE181689.8BOKHTARNAKLIETKHIZMATRASON SCUE1825075.72BOKHTARNAKLIETKHIZMATRASON SCUE189486.12BOKHTARNAKLIETKHIZMATRASON SCUE70489.95BOKHTARNAKLIETKHIZMATRASON SCUE327782.54BOKHTARNAKLIETKHIZMATRASON SCUE10827.76BOKHTARNAKLIETKHIZMATRASON SCUE67628.91BOKHTARNAKLIETKHIZMATRASON SCUE39094.15BOKHTARNAKLIETKHIZMATRASON SCUE105885.49BOKHTARNAKLIETKHIZMATRASON SCUE77111.89BOKHTARNAKLIETKHIZMATRASON SCUESTATESTATESTATESTATEThe project assumes establishing a municipally owned passenger transport operator providing services on basic routes in Kurgan-Tyube and its suburban area in order to ensure a minimum standard of public transport service and transport links. The EBRD would provide a loan of up to US$ 6.0 million to the newly created passenger transportation company. The Republic of Tajikistan would provide a sovereign guarantee. The city of Kurgan-Tyube, as owner of the Company, would sign a Project Support Agreement with the Bank. The loan would consist of two tranches: 1) Tranche I (committed) - a loan of up to US$ 3.5 million to be co-financed by a capital grant of US$ 1.8 million from an international donor. 2) Tranche II (uncommitted) i a loan of up to US$ 2.5 million to be co-financed by a capital grant of US$ 1.3 million from an international donor. The loan proceeds would finance the following: a) fleet purchase b) depot construction and equipment c) introduction of an automated fare collection system. The project's objective is to establish a reliable passenger transport service on core routes in Kurgan-Tyube and suburban routes from Kurgan-Tyube to the towns of Vakhsh and Sarband. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49083XI-IATI-EBRD-53118European Bank for Reconstruction and DevelopmentConstruction of two tram track lines from Ilidza to Hrasnica, including the construction of a U-turn in Hrasnica (12.96 km in total length), and 20 new tram stations on this route (the "Project"). The Project also entails construction of the connection of new tram tracks to the existing ones by expanding and improving the existing roundabout in Ilidza. The Project is part of the EBRD's Green Cities Framework 2 - Window II Extension 2 (the"Framework") and was identified as a priority project under the Canton's Green City Action Plan ("GCAP"). The Project's objectives include reduction of traffic congestion, especially during the rush hours, by providing better, faster and greener urban transport service alternatives, thus promoting the shift from the usage of personal vehicles and diesel buses to cleaner public tram transport service.European Bank for Reconstruction and DevelopmentBOSNIA AND HERZEGOVINA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.35644749525.4830000000BOSNIA AND HERZEGOVINA SOVEREIGN250000BOSNIA AND HERZEGOVINA SOVEREIGN2620105.78BOSNIA AND HERZEGOVINA SOVEREIGN169208.13BOSNIA AND HERZEGOVINA SOVEREIGN174697.03BOSNIA AND HERZEGOVINA SOVEREIGN564145.29BOSNIA AND HERZEGOVINA SOVEREIGN265962.52BOSNIA AND HERZEGOVINA SOVEREIGN726426.69BOSNIA AND HERZEGOVINA SOVEREIGN386805.78BOSNIA AND HERZEGOVINA SOVEREIGN311286.58BOSNIA AND HERZEGOVINA SOVEREIGN39554BOSNIA AND HERZEGOVINA SOVEREIGN39806BOSNIA AND HERZEGOVINA SOVEREIGN995595.96BOSNIA AND HERZEGOVINA SOVEREIGN1066891.26BOSNIA AND HERZEGOVINA SOVEREIGN815803.03BOSNIA AND HERZEGOVINA SOVEREIGN60412.19BOSNIA AND HERZEGOVINA SOVEREIGN2042255.6BOSNIA AND HERZEGOVINA SOVEREIGN1285764.7BOSNIA AND HERZEGOVINA SOVEREIGN48637.5BOSNIA AND HERZEGOVINA SOVEREIGN632661.25BOSNIA AND HERZEGOVINA SOVEREIGN43072BOSNIA AND HERZEGOVINA SOVEREIGN1136309.66BOSNIA AND HERZEGOVINA SOVEREIGN2104699.59BOSNIA AND HERZEGOVINA SOVEREIGN2023828.6BOSNIA AND HERZEGOVINA SOVEREIGN1826913.1BOSNIA AND HERZEGOVINA SOVEREIGN42988BOSNIA AND HERZEGOVINA SOVEREIGN1173373.06BOSNIA AND HERZEGOVINA SOVEREIGN1335950.32BOSNIA AND HERZEGOVINA SOVEREIGN596245.83BOSNIA AND HERZEGOVINA SOVEREIGN2196720.3BOSNIA AND HERZEGOVINA SOVEREIGN1468612.16BOSNIA AND HERZEGOVINA SOVEREIGN758851.48BOSNIA AND HERZEGOVINA SOVEREIGN2046891.13BOSNIA AND HERZEGOVINA SOVEREIGNSTATESTATESTATESTATEConstruction of two tram track lines from Ilidza to Hrasnica, including the construction of a U-turn in Hrasnica (12.96 km in total length), and 20 new tram stations on this route (the "Project"). The Project also entails construction of the connection of new tram tracks to the existing ones by expanding and improving the existing roundabout in Ilidza. The Project is part of the EBRD's Green Cities Framework 2 - Window II Extension 2 (the"Framework") and was identified as a priority project under the Canton's Green City Action Plan ("GCAP"). The Project's objectives include reduction of traffic congestion, especially during the rush hours, by providing better, faster and greener urban transport service alternatives, thus promoting the shift from the usage of personal vehicles and diesel buses to cleaner public tram transport service. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53118XI-IATI-EBRD-53444European Bank for Reconstruction and DevelopmentThe provision of a 3-year local currency senior loan of up to US$ 20 million in KZT equivalent to Bank CenterCredit JSC (BCC) under the Green Economy Financing Facility (GEFF) Kazakhstan II. The loan will enable BCC to support local currency lending to eligible private sector sub-borrowers for the Green Economy Transition (GET) investments.European Bank for Reconstruction and DevelopmentBANK CENTERCREDIT JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGALMATY43.25667 76.9286117158871.49BANK CENTERCREDIT JSCPRIVATEPRIVATEPRIVATEThe provision of a 3-year local currency senior loan of up to US$ 20 million in KZT equivalent to Bank CenterCredit JSC (BCC) under the Green Economy Financing Facility (GEFF) Kazakhstan II. The loan will enable BCC to support local currency lending to eligible private sector sub-borrowers for the Green Economy Transition (GET) investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53444XI-IATI-EBRD-51963European Bank for Reconstruction and DevelopmentThe provision of a senior loan of up to US$ 200 million in favour of FE "ACWA Power Sirdarya LLC" (the "Company" or the "Borrower"), a limited liability company to be incorporated in Uzbekistan for the purpose of the construction and operation of 1,500 MW combined cycle gas-fired power plant in the Syrdarya region of Uzbekistan (the "Project"). The Project is part of an ongoing modernisation of the power generation sector in Uzbekistan aimed at increasing efficiency and reducing the environmental impact. It will lead to the closure of 1,170 MW of old and inefficient capacity at the existing Syrdarya thermal power plant. The Project is expected to lead to an estimated total system-wide savings of 2,611,000 tonnes of CO2 via the 1,539,000 tonnes CO2 savings due to decommissioning of inefficient units and further 1,072,000 tonnes of CO2 savings from the improved efficiency and reduced carbon intensity of the new plant. An independent economic assessment including shadow carbon pricing and lock in risk was carried out in line with the EBRD's Methodology for the economic assessment of projects with high greenhouse gas (GHG) emissions. The core results confirm an economic net present value of USD 2.1 billion when compared to a baseline of no-investment. This is because the Project replaces less efficient sources, and thus saves both costs and emissions. The assessment also shows the economic competiveness of Solar PV, which combines relatively low running costs (fixed and variable operational and maintenance costs) with no significant carbon and local air pollution damage. Solar PV is, however, significantly less reliable (i.e., its availability at peak demand times) than other options. The EBRD loan will finance the development, construction and operation of 1,500MW combined-cycle gas-fired power plant in the Syrdarya region of Uzbekistan. It will promote private sector participation in the energy market and strengthen the country's generation fleet with a more efficient and reliable capacity.European Bank for Reconstruction and DevelopmentACWA POWER SIRDARYA LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.216270.3175085354.11ACWA POWER SIRDARYA LLCPRIVATEPRIVATEPRIVATEThe provision of a senior loan of up to US$ 200 million in favour of FE "ACWA Power Sirdarya LLC" (the "Company" or the "Borrower"), a limited liability company to be incorporated in Uzbekistan for the purpose of the construction and operation of 1,500 MW combined cycle gas-fired power plant in the Syrdarya region of Uzbekistan (the "Project"). The Project is part of an ongoing modernisation of the power generation sector in Uzbekistan aimed at increasing efficiency and reducing the environmental impact. It will lead to the closure of 1,170 MW of old and inefficient capacity at the existing Syrdarya thermal power plant. The Project is expected to lead to an estimated total system-wide savings of 2,611,000 tonnes of CO2 via the 1,539,000 tonnes CO2 savings due to decommissioning of inefficient units and further 1,072,000 tonnes of CO2 savings from the improved efficiency and reduced carbon intensity of the new plant. An independent economic assessment including shadow carbon pricing and lock in risk was carried out in line with the EBRD's Methodology for the economic assessment of projects with high greenhouse gas (GHG) emissions. The core results confirm an economic net present value of USD 2.1 billion when compared to a baseline of no-investment. This is because the Project replaces less efficient sources, and thus saves both costs and emissions. The assessment also shows the economic competiveness of Solar PV, which combines relatively low running costs (fixed and variable operational and maintenance costs) with no significant carbon and local air pollution damage. Solar PV is, however, significantly less reliable (i.e., its availability at peak demand times) than other options. The EBRD loan will finance the development, construction and operation of 1,500MW combined-cycle gas-fired power plant in the Syrdarya region of Uzbekistan. It will promote private sector participation in the energy market and strengthen the country's generation fleet with a more efficient and reliable capacity. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51963XI-IATI-EBRD-55260European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to EUR 20m in MAD equivalent to Al Amana Microfinance ("Al Amana") under the Financial Intermediaries ("FIF") Framework Morocco Youth in Business ("YiB") Programme for on-lending to private Moroccan MSMEs owned or led by young entrepreneurs under 35 years of age. It is expected that a minimum of 65% of the proceeds of the loan will be specifically allocated to the regions affected by the earthquake that hit Morocco on 8 September 2023. The loan will be accompanied by a comprehensive technical cooperation package aimed at strenghtening Al Amana and sub-borrowers' capabilities. The project aims at opening up economic opportunities of underserved Moroccan young entrepreneurs, building on the idea that MSMEs owned or led by Youth under 35 years of age represent a unique market opportunity for the Moroccan financial sector and a unique vehicle to increase financial inclusion. Furthermore, the project will also contribute to the recovery and the reconstruction of the regions affected by the September 2023 earthquake by leveraging on Al Amana's unique outreach in the area.European Bank for Reconstruction and DevelopmentAL AMANA MICROFINANCEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGRABAT34.01325 -6.832559831853.84AL AMANA MICROFINANCEPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to EUR 20m in MAD equivalent to Al Amana Microfinance ("Al Amana") under the Financial Intermediaries ("FIF") Framework Morocco Youth in Business ("YiB") Programme for on-lending to private Moroccan MSMEs owned or led by young entrepreneurs under 35 years of age. It is expected that a minimum of 65% of the proceeds of the loan will be specifically allocated to the regions affected by the earthquake that hit Morocco on 8 September 2023. The loan will be accompanied by a comprehensive technical cooperation package aimed at strenghtening Al Amana and sub-borrowers' capabilities. The project aims at opening up economic opportunities of underserved Moroccan young entrepreneurs, building on the idea that MSMEs owned or led by Youth under 35 years of age represent a unique market opportunity for the Moroccan financial sector and a unique vehicle to increase financial inclusion. Furthermore, the project will also contribute to the recovery and the reconstruction of the regions affected by the September 2023 earthquake by leveraging on Al Amana's unique outreach in the area. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55260XI-IATI-EBRD-56850European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to EUR 1.5 million (the "GFF Loan") to be provided in one tranche under the Green Finance Facility in North Macedonia ("GFF"). The loan is intended to provide sub-loans to SMEs in North Macedonia to support investments in eligible Renewable Energy (RE) and/or Energy Efficiency (EE) projects ("Sub-projects"). 100% of the use of proceeds will be related to Green Economy Transition ("GET") investments.European Bank for Reconstruction and DevelopmentSPARKASSE BANK AD SKOPJEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.431411500000SPARKASSE BANK AD SKOPJEPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to EUR 1.5 million (the "GFF Loan") to be provided in one tranche under the Green Finance Facility in North Macedonia ("GFF"). The loan is intended to provide sub-loans to SMEs in North Macedonia to support investments in eligible Renewable Energy (RE) and/or Energy Efficiency (EE) projects ("Sub-projects"). 100% of the use of proceeds will be related to Green Economy Transition ("GET") investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56850XI-IATI-EBRD-52494European Bank for Reconstruction and DevelopmentThe EBRD invested RON 53 million (ca. EUR 10.8 million) in a senior preferred green bond issuance of RON 400.6 million by Raiffeisen Bank S.A., a commercial bank incorporated in Romania, in May 2021. This is the first senior preferred instrument issued by Raiffeisen Bank, and the first green bond issued by a commercial bank in Romania, making it a pioneer issuance linked to environmental, social and corporate governance in the Central and Eastern Europe. The bond has a 5-year maturity, with a call option after the fourth year, and is expected to be listed on the Luxembourg and the Bucharest Stock Exchanges in 2021. 100 percent of the proceeds of the green bond will be used for eligible projects in line with Raiffeisen Bank green bond framework. The project contributes to the resilience of a systemic bank in Romania, facilitates capital market development in the country, supports the first ever green bond framework launched by a Romanian bank, that is aligned with the Green Bond Principles of the International Capital Market Association, and helps to deliver the EBRD's green agenda in the country and national green economy priorities.European Bank for Reconstruction and DevelopmentRAIFFEISEN BANK SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBUCHAREST44.43225 26.1062610121119.4RAIFFEISEN BANK SAPRIVATEPRIVATEPRIVATEThe EBRD invested RON 53 million (ca. EUR 10.8 million) in a senior preferred green bond issuance of RON 400.6 million by Raiffeisen Bank S.A., a commercial bank incorporated in Romania, in May 2021. This is the first senior preferred instrument issued by Raiffeisen Bank, and the first green bond issued by a commercial bank in Romania, making it a pioneer issuance linked to environmental, social and corporate governance in the Central and Eastern Europe. The bond has a 5-year maturity, with a call option after the fourth year, and is expected to be listed on the Luxembourg and the Bucharest Stock Exchanges in 2021. 100 percent of the proceeds of the green bond will be used for eligible projects in line with Raiffeisen Bank green bond framework. The project contributes to the resilience of a systemic bank in Romania, facilitates capital market development in the country, supports the first ever green bond framework launched by a Romanian bank, that is aligned with the Green Bond Principles of the International Capital Market Association, and helps to deliver the EBRD's green agenda in the country and national green economy priorities. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52494XI-IATI-EBRD-55346European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 5 million to Raiffeisen Leasing Kosovo ("RLK") for providing sub-leases to small and medium-sized enterprises ("SME") in Kosovo through the Sustainable Reboot SME Programme ("Reboot SME"). The proceeds of the Bank's investment will be used to provide sub-leases to help finance investments in SMEs in Kosovo that will assist in improving the competitiveness and compliance with technical standards in line with the EU directives and other international recognised standards. At least 70% of the lease investments will be used for technologies eligible under the EBRD's Green Economy Transition ("GET") approach.European Bank for Reconstruction and DevelopmentRAIFFEISEN LEASING KOSOVO LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRISTINA42.67272 21.166885000000RAIFFEISEN LEASING KOSOVO LLCPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 5 million to Raiffeisen Leasing Kosovo ("RLK") for providing sub-leases to small and medium-sized enterprises ("SME") in Kosovo through the Sustainable Reboot SME Programme ("Reboot SME"). The proceeds of the Bank's investment will be used to provide sub-leases to help finance investments in SMEs in Kosovo that will assist in improving the competitiveness and compliance with technical standards in line with the EU directives and other international recognised standards. At least 70% of the lease investments will be used for technologies eligible under the EBRD's Green Economy Transition ("GET") approach. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55346XI-IATI-EBRD-52647European Bank for Reconstruction and DevelopmentProvision of a EUR 1 million senior loan to Sparkasse Lizing DOO Skopje, a leasing company operating in North Macedonia, under the Competitiveness Support Programme - Western Balkans ("CSP-WB"). The loan will provide financing to sub-borrowers for investments in vehicles and equipment that are designed to improve compliance with one or more of the EU Directives in the field of environmental protection, workers' safety and product quality and safety. More specifically, sub-borrowers will use funds to lease EURO 6 trucks, semi-trailers, vans and construction machines. At least 60% of the use of proceeds will be related to GET investments. The Project Consultant ("PC") will physically assess the successful implementation and completion of all sub-projects.European Bank for Reconstruction and DevelopmentSPARKASSE LEASING DOO SKOPJEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.431411000000SPARKASSE LEASING DOO SKOPJEPRIVATEPRIVATEPRIVATEProvision of a EUR 1 million senior loan to Sparkasse Lizing DOO Skopje, a leasing company operating in North Macedonia, under the Competitiveness Support Programme - Western Balkans ("CSP-WB"). The loan will provide financing to sub-borrowers for investments in vehicles and equipment that are designed to improve compliance with one or more of the EU Directives in the field of environmental protection, workers' safety and product quality and safety. More specifically, sub-borrowers will use funds to lease EURO 6 trucks, semi-trailers, vans and construction machines. At least 60% of the use of proceeds will be related to GET investments. The Project Consultant ("PC") will physically assess the successful implementation and completion of all sub-projects. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52647XI-IATI-EBRD-54284European Bank for Reconstruction and DevelopmentThe provision of a 3-year senior loan to XacBank LLC in the amount of up to US$ 25 million, of which up to US$ 18.75 million to be provided by the EBRD and up to US$ 6.25 million by GCF under the GCF - Green Economy Financing Facility (GEFF) Regional Framework. Also, XacBank will develop a transition plan as defined in the EBRD's Paris Alignment Methodology for indirect finance. The proceeds of the loan will be used for financing investments in climate change mitigation and adaptation technologies and services in line with the standards and reporting requirements for the GCF-GEFF Regional Framework.European Bank for Reconstruction and DevelopmentXACBANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGULAANBAATAR47.90771 106.8832416414251.95XACBANK JSCPRIVATEPRIVATEPRIVATEThe provision of a 3-year senior loan to XacBank LLC in the amount of up to US$ 25 million, of which up to US$ 18.75 million to be provided by the EBRD and up to US$ 6.25 million by GCF under the GCF - Green Economy Financing Facility (GEFF) Regional Framework. Also, XacBank will develop a transition plan as defined in the EBRD's Paris Alignment Methodology for indirect finance. The proceeds of the loan will be used for financing investments in climate change mitigation and adaptation technologies and services in line with the standards and reporting requirements for the GCF-GEFF Regional Framework. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54284XI-IATI-EBRD-55930European Bank for Reconstruction and DevelopmentProvision of up to EUR 110 million sovereign loan in favour of Compagnie des Phosphates de Gafsa ("CPG" or the "Company"), a state-owned mining company in Tunisia. The loan will finance the installation of filter presses (to increase water recovery from mine tailings), together with related investments across the Company's processing facilities and the acquisition of modern mining equipment to support its phosphate mining operations. The phosphate sector has been one of the cornerstones of Tunisia's economy, historically making a significant contribution to GDP and export value. However, the industry has faced challenges in recent years, leading to a decline in production. Moreover, phosphate production is water intensive and the Company would like to increase the levels of water recycling, especially given the water stress in the Gafsa region, where the Company operates. Overall, the Bank's investment will contribute to the Company's efforts to improve production rates in a sustainable and environmentally responsible manner, hence contributing to resource sustainability, while also being aligned with Tunisia's climate objectives.European Bank for Reconstruction and DevelopmentCOMPAGNIE DES PHOSPHATES DE GAFSAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGGAFSA34.425 8.78417110000000110000000COMPAGNIE DES PHOSPHATES DE GAFSASTATESTATESTATESTATEProvision of up to EUR 110 million sovereign loan in favour of Compagnie des Phosphates de Gafsa ("CPG" or the "Company"), a state-owned mining company in Tunisia. The loan will finance the installation of filter presses (to increase water recovery from mine tailings), together with related investments across the Company's processing facilities and the acquisition of modern mining equipment to support its phosphate mining operations. The phosphate sector has been one of the cornerstones of Tunisia's economy, historically making a significant contribution to GDP and export value. However, the industry has faced challenges in recent years, leading to a decline in production. Moreover, phosphate production is water intensive and the Company would like to increase the levels of water recycling, especially given the water stress in the Gafsa region, where the Company operates. Overall, the Bank's investment will contribute to the Company's efforts to improve production rates in a sustainable and environmentally responsible manner, hence contributing to resource sustainability, while also being aligned with Tunisia's climate objectives. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55930XI-IATI-EBRD-52845European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan to National Bank of Egypt ("NBE") of up to USD 100 million. The proceeds of the loan will be used for financing investments in climate change mitigation and adaptation technologies across the industrial, commercial, transport and agricultural sectors by local private sector Small and Medium Enterprises ("SMEs"), in line with the standards and reporting requirements for GEFF in Egypt.European Bank for Reconstruction and DevelopmentNATIONAL BANK OF EGYPT SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496787542677.06NATIONAL BANK OF EGYPT SAEPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan to National Bank of Egypt ("NBE") of up to USD 100 million. The proceeds of the loan will be used for financing investments in climate change mitigation and adaptation technologies across the industrial, commercial, transport and agricultural sectors by local private sector Small and Medium Enterprises ("SMEs"), in line with the standards and reporting requirements for GEFF in Egypt. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52845XI-IATI-EBRD-52966European Bank for Reconstruction and DevelopmentBanque Misr - Green SME Loan I - Provision of a senior unsecured loan of up to USD 100 million to Banque Misr ("BM"). The proceeds of the loan will be used for financing investments in climate change mitigation and adaptation technologies across the industrial, commercial, transport and agricultural sectors by local private sector Small and Medium Enterprises ("SMEs"), in line with the standards and reporting requirements for GEFF in Egypt.European Bank for Reconstruction and DevelopmentBANQUE MISR SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496787542677.06BANQUE MISR SAEPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to USD 100 million to Banque Misr ("BM"). The proceeds of the loan will be used for financing investments in climate change mitigation and adaptation technologies across the industrial, commercial, transport and agricultural sectors by local private sector Small and Medium Enterprises ("SMEs"), in line with the standards and reporting requirements for GEFF in Egypt. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52966XI-IATI-EBRD-50802European Bank for Reconstruction and DevelopmentLoan of up to EUR 25 million RON equivalent to Compania de Apa Oltenia SA (CAO), a regional water operator in the Romanian counties of Dolj and Gorj. The proceeds of the loan will be used to co-finance, alongside EU Cohesion Funds, an extension and modernisation of the company's water and wastewater infrastructure and services. The EU investment grants are being made available under the EU Large Infrastructure Operational Programme. The project aims to enable CAO and the counties of Dolj and Gorj to bring their water and wastewater services in line with EU environmental standards by co-financing the extension and rehabilitation of the company's water and wastewater network alongside the EU.European Bank for Reconstruction and DevelopmentWATER COMPANY OF OLTENIAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCRAIOVA44.31667 23.87300948.9322570907.48WATER COMPANY OF OLTENIA15269958.55WATER COMPANY OF OLTENIASTATESTATESTATESTATELoan of up to EUR 25 million RON equivalent to Compania de Apa Oltenia SA (CAO), a regional water operator in the Romanian counties of Dolj and Gorj. The proceeds of the loan will be used to co-finance, alongside EU Cohesion Funds, an extension and modernisation of the company's water and wastewater infrastructure and services. The EU investment grants are being made available under the EU Large Infrastructure Operational Programme. The project aims to enable CAO and the counties of Dolj and Gorj to bring their water and wastewater services in line with EU environmental standards by co-financing the extension and rehabilitation of the company's water and wastewater network alongside the EU. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/50802XI-IATI-EBRD-55025European Bank for Reconstruction and DevelopmentThe Project entails the provision of an equity bridge loan of up to USD 5.5 million to finance the construction of an integrated renewable hydrogen production facility consisting of a 20 MW electrolyser fed by greenfield 52 MW wind power plant to produce c. 3,000 tonnes of renewable hydrogen annually. The electrolyser will be located in the Chirchiq City, Tashkent region, and the wind power plant will be in the Gijduvon district, Bukhara region. The wind facility will be collocated with the existing 500 MW EBRD-financed Uzbekistan Bash WPP (whose PSD can be viewed at https://www.ebrd.com/work-with-us/projects/psd/52772.html). The loan will be guaranteed by Joint Stock Company UzKimyoSanoat. Through the financing of the integrated renewable hydrogen production facility, the Project aims to support: a) a first-of-its-kind renewable hydrogen production project in Uzbekistan and across Central Asia, providing a critical demonstration effect to stimulate further projects. b) the decarbonisation of Uzbekistan's ammonia sector given its use in the production of fertilisers. c) increased renewable energy generation.European Bank for Reconstruction and DevelopmentACWA POWER UKS GREEN H2 LLC JVEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.216274814847.24ACWA POWER UKS GREEN H2 LLC JVPRIVATEPRIVATEPRIVATEThe Project entails the provision of an equity bridge loan of up to USD 5.5 million to finance the construction of an integrated renewable hydrogen production facility consisting of a 20 MW electrolyser fed by greenfield 52 MW wind power plant to produce c. 3,000 tonnes of renewable hydrogen annually. The electrolyser will be located in the Chirchiq City, Tashkent region, and the wind power plant will be in the Gijduvon district, Bukhara region. The wind facility will be collocated with the existing 500 MW EBRD-financed Uzbekistan Bash WPP (whose PSD can be viewed at https://www.ebrd.com/work-with-us/projects/psd/52772.html). The loan will be guaranteed by Joint Stock Company UzKimyoSanoat. Through the financing of the integrated renewable hydrogen production facility, the Project aims to support: a) a first-of-its-kind renewable hydrogen production project in Uzbekistan and across Central Asia, providing a critical demonstration effect to stimulate further projects. b) the decarbonisation of Uzbekistan's ammonia sector given its use in the production of fertilisers. c) increased renewable energy generation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55025XI-IATI-EBRD-52879European Bank for Reconstruction and DevelopmentAn investment in a green bond issuance of up to USD 340 million (the "Bond"). The Bank's participation will consist of up to USD 100m in the form of a direct subscription in the Bond, and the provision of up to USD 30m stand-by liquidity facility for the benefit of the participating private institutional investors. The Bond will obtain the verified certification from the Climate Bond Initiative (CBI) and will be the first private green renewables-backed bond issued in Egypt. The Bond proceeds will support a portfolio of six operational solar power plants located in Benban, Egypt (the "Projects").European Bank for Reconstruction and DevelopmentVIRTUO FINANCE SARLEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496787542677.06VIRTUO FINANCE SARLPRIVATEPRIVATEPRIVATEAn investment in a green bond issuance of up to USD 340 million (the "Bond"). The Bank's participation will consist of up to USD 100m in the form of a direct subscription in the Bond, and the provision of up to USD 30m stand-by liquidity facility for the benefit of the participating private institutional investors. The Bond will obtain the verified certification from the Climate Bond Initiative (CBI) and will be the first private green renewables-backed bond issued in Egypt. The Bond proceeds will support a portfolio of six operational solar power plants located in Benban, Egypt (the "Projects"). For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52879XI-IATI-EBRD-54772European Bank for Reconstruction and DevelopmentThe provision of a senior unsecured loan of up to US$ 2.0m (€1.8m) in KZT equivalent to Arnur Credit ("AC") - a private microfinance organisation based in Kazakhstan. The loan will be provided in two equal tranches of up to US$ 1m each The loan will be provided under the Youth in Business Financing Programme for Central Asia ("YiBP CA", "Programme"), which will be rolled into a blended finance programme under the Financial intermediaries Framework ("FIF"). The aim of the loan is to (i) launch a new product encompassing both financing and NFS targeted at young entrepreneurs, which will increase their access to finance and skills in the economy; (ii) diversify AC's funding base; (iii) enhance AC's product range via new digital sales channels.European Bank for Reconstruction and DevelopmentARNUR CREDIT MICROFINANCE ORGANIZATION LLPEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSHYMKENT42.3 69.61609865.86ARNUR CREDIT MICROFINANCE ORGANIZATION LLPPRIVATEPRIVATEPRIVATEThe provision of a senior unsecured loan of up to US$ 2.0m (€1.8m) in KZT equivalent to Arnur Credit ("AC") - a private microfinance organisation based in Kazakhstan. The loan will be provided in two equal tranches of up to US$ 1m each The loan will be provided under the Youth in Business Financing Programme for Central Asia ("YiBP CA", "Programme"), which will be rolled into a blended finance programme under the Financial intermediaries Framework ("FIF"). The aim of the loan is to (i) launch a new product encompassing both financing and NFS targeted at young entrepreneurs, which will increase their access to finance and skills in the economy; (ii) diversify AC's funding base; (iii) enhance AC's product range via new digital sales channels. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54772XI-IATI-EBRD-53896European Bank for Reconstruction and DevelopmentA non-sovereign unsecured corporate loan of up to EUR 46 million to "Elektroprenos Elektroprijenos BiH" a.d. Banja Luka ("TransCo" or "client"), a transmission company in Bosnia and Herzegovina ("BiH"). The Bank's loan will finance the installation of variable shunt reactors ("VSR") in the transmission system, which will solve issues with high voltages in the 400 kV and 220 kV transmission system. The company will contribute EUR 8.3 million from its own resources. Up to EUR 200,000 of donor funds will be provided for technical assistance projects. TransCo is the transmission company covering the entire territory of BiH and a Bank client since 2006. The transmission system of BiH has been constantly operating with high voltages over the limit defined by the Grid Code. The loan will be used for the installation of variable shunt reactors on the transmission system which will help solve issues with high voltages in the 400 kV and 220 kV transmission system. The proposed installation of a variable shunt reactors system will bring numerous benefits, including: (1) improve transmission system reliability, (2) enable greater integration of renewable energy sources into the transmission system, (3) reduce active power loss, and (4) increase cross-border capacity.European Bank for Reconstruction and DevelopmentELEKTROPRENOS - ELEKTROPRIJENOS BIH ADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBANJA LUKA44.77842 17.193864600000046000000ELEKTROPRENOS - ELEKTROPRIJENOS BIH ADSTATESTATESTATESTATEA non-sovereign unsecured corporate loan of up to EUR 46 million to "Elektroprenos Elektroprijenos BiH" a.d. Banja Luka ("TransCo" or "client"), a transmission company in Bosnia and Herzegovina ("BiH"). The Bank's loan will finance the installation of variable shunt reactors ("VSR") in the transmission system, which will solve issues with high voltages in the 400 kV and 220 kV transmission system. The company will contribute EUR 8.3 million from its own resources. Up to EUR 200,000 of donor funds will be provided for technical assistance projects. TransCo is the transmission company covering the entire territory of BiH and a Bank client since 2006. The transmission system of BiH has been constantly operating with high voltages over the limit defined by the Grid Code. The loan will be used for the installation of variable shunt reactors on the transmission system which will help solve issues with high voltages in the 400 kV and 220 kV transmission system. The proposed installation of a variable shunt reactors system will bring numerous benefits, including: (1) improve transmission system reliability, (2) enable greater integration of renewable energy sources into the transmission system, (3) reduce active power loss, and (4) increase cross-border capacity. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53896XI-IATI-EBRD-49930European Bank for Reconstruction and DevelopmentThe provision of a sovereign guaranteed loan of up to € 20 million for the modernisation of power distribution networks in southern Tajikistan. The Bank's financing will target the modernisation of a low-voltage distribution network in the cities of Kulob and Bokhtar, the construction of a new and an upgrade of the existing 110/35/10 kV substation in Kulob, and the installation of automatic billing and metering systems in both cities. OJSC "Shabakahoi Taksimoti Bark" (the "Company"), established as part of the on-going unbundling of the Open Stock Holding Company "Barki Tojik" (OSHC Barki Tojik), the national power utility, will be the Borrower and Project implementing entity. The loan will be guaranteed by the Republic of Tajikistan. The Project will target one of the key constraints to economic development in the country - limited access to the reliable energy supply. The Project's principal objectives are to: (i) address the most urgent needs for the replacement of aged infrastructure, (ii) contribute towards the reduction of distribution network losses resulting in financial and CO2 emissions savings, and (iii) introduce modern billing and metering infrastructure, improving payment discipline and cash collection, upholding operational and financial efficiency and sustainability of OSHC Barki Tojik at present.European Bank for Reconstruction and DevelopmentSHABAKAHOI TAKSIMOTI BARK OJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGDUSHANBE38.53575 68.779053477603.8720000000SHABAKAHOI TAKSIMOTI BARK OJSC200000SHABAKAHOI TAKSIMOTI BARK OJSC1466248SHABAKAHOI TAKSIMOTI BARK OJSC2132800SHABAKAHOI TAKSIMOTI BARK OJSC755455.54SHABAKAHOI TAKSIMOTI BARK OJSC95528.26SHABAKAHOI TAKSIMOTI BARK OJSC1566322.16SHABAKAHOI TAKSIMOTI BARK OJSC2622587.27SHABAKAHOI TAKSIMOTI BARK OJSC41029.76SHABAKAHOI TAKSIMOTI BARK OJSC1396612.56SHABAKAHOI TAKSIMOTI BARK OJSC347226.4SHABAKAHOI TAKSIMOTI BARK OJSC2764003.64SHABAKAHOI TAKSIMOTI BARK OJSC40809.96SHABAKAHOI TAKSIMOTI BARK OJSC113093.38SHABAKAHOI TAKSIMOTI BARK OJSC1253581.17SHABAKAHOI TAKSIMOTI BARK OJSC91803.16SHABAKAHOI TAKSIMOTI BARK OJSC126874.63SHABAKAHOI TAKSIMOTI BARK OJSC1508420.24SHABAKAHOI TAKSIMOTI BARK OJSCSTATESTATESTATESTATEThe provision of a sovereign guaranteed loan of up to € 20 million for the modernisation of power distribution networks in southern Tajikistan. The Bank's financing will target the modernisation of a low-voltage distribution network in the cities of Kulob and Bokhtar, the construction of a new and an upgrade of the existing 110/35/10 kV substation in Kulob, and the installation of automatic billing and metering systems in both cities. OJSC "Shabakahoi Taksimoti Bark" (the "Company"), established as part of the on-going unbundling of the Open Stock Holding Company "Barki Tojik" (OSHC Barki Tojik), the national power utility, will be the Borrower and Project implementing entity. The loan will be guaranteed by the Republic of Tajikistan. The Project will target one of the key constraints to economic development in the country - limited access to the reliable energy supply. The Project's principal objectives are to: (i) address the most urgent needs for the replacement of aged infrastructure, (ii) contribute towards the reduction of distribution network losses resulting in financial and CO2 emissions savings, and (iii) introduce modern billing and metering infrastructure, improving payment discipline and cash collection, upholding operational and financial efficiency and sustainability of OSHC Barki Tojik at present. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49930XI-IATI-EBRD-51667European Bank for Reconstruction and DevelopmentThe provision of a sovereign guaranteed loan of up to US$ 25 million to OJSC "Shabakahoi taksimoti bark" to finance development of advanced metering infrastructure and low- and medium-voltage grid enhancement in the cities of Dushanbe, Buston, Dangara, Panjakent, Konibodom, Isfara and Istaravshan in Tajikistan. The Project's principal objectives are to: (i) address most urgent needs for the replacement of aged infrastructure, (ii) contribute towards the reduction of distribution network losses resulting in financial and CO2 emissions savings, and (iii) introduce modern billing and metering infrastructure, improve payment discipline and cash collection, supporting operational and financial efficiency and sustainability of the distribution sector.European Bank for Reconstruction and DevelopmentSHABAKAHOI TAKSIMOTI BARK OJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGDUSHANBE38.53575 68.7790510301687.1821885669.26SHABAKAHOI TAKSIMOTI BARK OJSC218856.69SHABAKAHOI TAKSIMOTI BARK OJSC5549402.9SHABAKAHOI TAKSIMOTI BARK OJSC348976.8SHABAKAHOI TAKSIMOTI BARK OJSC141083.69SHABAKAHOI TAKSIMOTI BARK OJSC579727.52SHABAKAHOI TAKSIMOTI BARK OJSC1384423.72SHABAKAHOI TAKSIMOTI BARK OJSC868703.99SHABAKAHOI TAKSIMOTI BARK OJSC140793.31SHABAKAHOI TAKSIMOTI BARK OJSC2352013.46SHABAKAHOI TAKSIMOTI BARK OJSCSTATESTATESTATESTATEThe provision of a sovereign guaranteed loan of up to US$ 25 million to OJSC "Shabakahoi taksimoti bark" to finance development of advanced metering infrastructure and low- and medium-voltage grid enhancement in the cities of Dushanbe, Buston, Dangara, Panjakent, Konibodom, Isfara and Istaravshan in Tajikistan. The Project's principal objectives are to: (i) address most urgent needs for the replacement of aged infrastructure, (ii) contribute towards the reduction of distribution network losses resulting in financial and CO2 emissions savings, and (iii) introduce modern billing and metering infrastructure, improve payment discipline and cash collection, supporting operational and financial efficiency and sustainability of the distribution sector. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51667XI-IATI-EBRD-54313European Bank for Reconstruction and DevelopmentThe provision of a senior unsecured loan of up to US$ 4 million (in MNT equivalent) to be provided under the FIF Youth in Business Programme in Central Asia (YiB CA) in favour of Transcapital NBFI LLC. The proceeds of the Bank's loan will be used for on-lending to eligible micro, small and medium-sized enterprises led by young people under the age of 35 (Youth MSMEs) in line with the eligibility criteria set forth in the YiB CA Policy Statement. Up to 10 per cent of the loan proceeds will be used for GET-eligible investments. To achieve the goal, TCMN will receive technical assistance and benefit from the inclusion of an assessment and technology eligibility approach provided under the Green Economy Financing Facility Mongolia. In addition, TCMN will track all beneficiaries under the YiB CA by gender and has committed to ensuring that at least 30 per cent of all sub-borrowers will be women.European Bank for Reconstruction and DevelopmentTRANSCAPITAL NBFI LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGULAANBAATAR47.90771 106.883243319784.63TRANSCAPITAL NBFI LLCPRIVATEPRIVATEPRIVATEThe provision of a senior unsecured loan of up to US$ 4 million (in MNT equivalent) to be provided under the FIF Youth in Business Programme in Central Asia (YiB CA) in favour of Transcapital NBFI LLC. The proceeds of the Bank's loan will be used for on-lending to eligible micro, small and medium-sized enterprises led by young people under the age of 35 (Youth MSMEs) in line with the eligibility criteria set forth in the YiB CA Policy Statement. Up to 10 per cent of the loan proceeds will be used for GET-eligible investments. To achieve the goal, TCMN will receive technical assistance and benefit from the inclusion of an assessment and technology eligibility approach provided under the Green Economy Financing Facility Mongolia. In addition, TCMN will track all beneficiaries under the YiB CA by gender and has committed to ensuring that at least 30 per cent of all sub-borrowers will be women. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54313XI-IATI-EBRD-53871European Bank for Reconstruction and DevelopmentA revolving facility to finance quarterly VAT payments during the construction of 457 MW solar power project in the Surkhandarya region of Uzbekistan. The project will contribute to the strategic priority of the government of Uzbekistan to increase the share of renewable projects in the national energy mix. It will contribute to the mitigation of climate change impact by adding 457 MW of solar generation capacity to the national energy system and will assist the country in its low-carbon transition drive.European Bank for Reconstruction and DevelopmentNUR SHERABAD SOLAR PV FE LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.2162733703930.67NUR SHERABAD SOLAR PV FE LLCPRIVATEPRIVATEPRIVATEA revolving facility to finance quarterly VAT payments during the construction of 457 MW solar power project in the Surkhandarya region of Uzbekistan. The project will contribute to the strategic priority of the government of Uzbekistan to increase the share of renewable projects in the national energy mix. It will contribute to the mitigation of climate change impact by adding 457 MW of solar generation capacity to the national energy system and will assist the country in its low-carbon transition drive. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53871XI-IATI-EBRD-55086European Bank for Reconstruction and DevelopmentThe provision of a senior secured loan of up to US$ 14 million to Star Group, a fast-growing distributor of fast moving consumer goods (FMCG) based in Uzbekistan. The loan will support Star Group's growing working capital needs and capital expenditure plans (including for the construction of a new warehouse for inventory storage) associated with its growth and the expansion to the regions of Uzbekistan. The project aims to (i) strengthen Star Group's competitive position by adopting international standards such as ISO and IFRS, (ii) promote inclusive employment opportunities and support gender equality, and (iii) contribute to the reduction of the client's carbon footprint and thus promoting green economy through its usage of alternative energy sources.European Bank for Reconstruction and DevelopmentSUPPORT SAMARQAND LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.2162712255974.78SUPPORT SAMARQAND LLCPRIVATEPRIVATEPRIVATEThe provision of a senior secured loan of up to US$ 14 million to Star Group, a fast-growing distributor of fast moving consumer goods (FMCG) based in Uzbekistan. The loan will support Star Group's growing working capital needs and capital expenditure plans (including for the construction of a new warehouse for inventory storage) associated with its growth and the expansion to the regions of Uzbekistan. The project aims to (i) strengthen Star Group's competitive position by adopting international standards such as ISO and IFRS, (ii) promote inclusive employment opportunities and support gender equality, and (iii) contribute to the reduction of the client's carbon footprint and thus promoting green economy through its usage of alternative energy sources. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55086XI-IATI-EBRD-55208European Bank for Reconstruction and DevelopmentProvision of an EGP loan in the amount equivalent to USD 25m to DeFacto Egypt a subsidiary of DeFacto Perakende Ticaret A.S ("DeFacto Turkey"; the "Guarantor"; or the "Group"). The Loan will support the expansion of the Borrower's operations in Egypt, involving expanding its footprint, advancing its digitalization initiatives, increasing local production through larger capacity of toll manufacturing at third party Egyptian apparel producers, and financing additional working capital needs resulting from growing operations.European Bank for Reconstruction and DevelopmentDEFACTO EGYPT FOR TRADINGEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496721013520.91DEFACTO EGYPT FOR TRADINGPRIVATEPRIVATEPRIVATEProvision of an EGP loan in the amount equivalent to USD 25m to DeFacto Egypt a subsidiary of DeFacto Perakende Ticaret A.S ("DeFacto Turkey"; the "Guarantor"; or the "Group"). The Loan will support the expansion of the Borrower's operations in Egypt, involving expanding its footprint, advancing its digitalization initiatives, increasing local production through larger capacity of toll manufacturing at third party Egyptian apparel producers, and financing additional working capital needs resulting from growing operations. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55208XI-IATI-EBRD-55157European Bank for Reconstruction and DevelopmentProvision of a senior loan in the amount of up to EUR 3 million to Sparkasse Leasing d.o.o. The loan is envisaged under the FIF- Sustainable Reboot SME programme. The proceeds of the Bank's investment will be used to provide leases to help finance capex investments in small and medium-sized enterprises ("SMEs") in Bosnia and Herzegovina that will assist in improving the competitiveness and compliance with technical standards in line with the EU directives and other internationally recognized standards. At least 70% of the investments will be used for EBRD GET eligible technologies (green investments). Sub-projects will be selected according to technical and financial eligibility criteria set forth in the Policy Statement for the FIF- Sustainable Reboot SME programme.European Bank for Reconstruction and DevelopmentSPARKASSE LEASING DOO SARAJEVOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.356443000000SPARKASSE LEASING DOO SARAJEVOPRIVATEPRIVATEPRIVATEProvision of a senior loan in the amount of up to EUR 3 million to Sparkasse Leasing d.o.o. The loan is envisaged under the FIF- Sustainable Reboot SME programme. The proceeds of the Bank's investment will be used to provide leases to help finance capex investments in small and medium-sized enterprises ("SMEs") in Bosnia and Herzegovina that will assist in improving the competitiveness and compliance with technical standards in line with the EU directives and other internationally recognized standards. At least 70% of the investments will be used for EBRD GET eligible technologies (green investments). Sub-projects will be selected according to technical and financial eligibility criteria set forth in the Policy Statement for the FIF- Sustainable Reboot SME programme. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55157XI-IATI-EBRD-54810European Bank for Reconstruction and DevelopmentSenior loan of up to USD 4.0 million to IMON, of which up to USD 3 million to be provided by the EBRD and up to USD 1m by the GCF under the GCF-Green Economy Financing Facility Regional Framework (GCF-GEFF Programme in Tajikistan II). The proposed operation complies with the GCF GEFF Regional Framework criteria. This is the third loan under the Framework to IMON which follows the successful utilisation of the first loan signed in 2021 and the second one signed in 2022. Proceeds of the loan will be allocated to climate change mitigation and adaptation technologies. The transaction will support further expansion of IMON's product offerings with green lending products, in a gender responsive way.European Bank for Reconstruction and DevelopmentIMON INTERNATIONAL BANK CJSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGKHUJAND40.28256 69.622161552944.03IMON INTERNATIONAL BANK CJSCPRIVATEPRIVATEPRIVATESenior loan of up to USD 4.0 million to IMON, of which up to USD 3 million to be provided by the EBRD and up to USD 1m by the GCF under the GCF-Green Economy Financing Facility Regional Framework (GCF-GEFF Programme in Tajikistan II). The proposed operation complies with the GCF GEFF Regional Framework criteria. This is the third loan under the Framework to IMON which follows the successful utilisation of the first loan signed in 2021 and the second one signed in 2022. Proceeds of the loan will be allocated to climate change mitigation and adaptation technologies. The transaction will support further expansion of IMON's product offerings with green lending products, in a gender responsive way. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54810XI-IATI-EBRD-56107European Bank for Reconstruction and DevelopmentProvision of up to EGP 1.3bn (ca EUR 23m) loan to Ibn Sina Pharma, the largest pharmaceutical distributor company in Egypt. The loan will finance green Capex to establish a new warehouse and working capital to support the growth of the company. The use of proceeds include the construction, equipment and placing into operation of a green warehouse, and the provision of long-term working capital to the Borrower.European Bank for Reconstruction and DevelopmentIBN SINA PHARMA SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496723117404.8IBN SINA PHARMA SAEPRIVATEPRIVATEPRIVATEProvision of up to EGP 1.3bn (ca EUR 23m) loan to Ibn Sina Pharma, the largest pharmaceutical distributor company in Egypt. The loan will finance green Capex to establish a new warehouse and working capital to support the growth of the company. The use of proceeds include the construction, equipment and placing into operation of a green warehouse, and the provision of long-term working capital to the Borrower. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56107XI-IATI-EBRD-56407European Bank for Reconstruction and DevelopmentProvision of a USD 15 million investment in Breadfast Inc. , as commitment of an uncommitted follow-on tranche as part of the B2 extension. The Bank's follow-on investment in the amount of USD 15m, shall be used to finance the Company's expansion and operational scale-up. Additionally, the investment will strengthen the Company's balance sheet, ensuring financial flexibility for sustained growth.European Bank for Reconstruction and DevelopmentBREADFAST INCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496721640861.4BREADFAST INCPRIVATEPRIVATEPRIVATEProvision of a USD 15 million investment in Breadfast Inc. , as commitment of an uncommitted follow-on tranche as part of the B2 extension. The Bank's follow-on investment in the amount of USD 15m, shall be used to finance the Company's expansion and operational scale-up. Additionally, the investment will strengthen the Company's balance sheet, ensuring financial flexibility for sustained growth. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56407XI-IATI-EBRD-51256European Bank for Reconstruction and DevelopmentA participation of up EGP 1.5 billion (EUR 83 million equivalent) in two securitised local currency bond issuances (the "Issuances"), in the total amount of EGP 10 billion, in favour of the El Taamir for Securitization Company ("El Taamir", and the "Issuer"). The Issuer, an SPV established by the New Urban Communities Authority (the "Sponsor", "NUCA"), purchased receivables from the Sponsor, and the proceeds of the Issuance will be used to refinance existing short-term loans of NUCA advanced by commercial lenders under a bridge facility. The transaction enables the use of the Short Term Debt Instrument (STDI) developed through a TC project between the Egyptian Financial Regulatory Authority and EBRD in the domestic debt capital market for the first time and supports the Egyptian debt capital market in terms of liquidity and transaction volume. The transaction will allow NUCA to restructure its balance sheet and strengthen its financial capacity. The Bank's participation will help to build the necessary institutional capacity and procedures to develop a sustainable and efficient infrastructure Asset Management and Investment Plan for NUCA.European Bank for Reconstruction and DevelopmentEL TAAMIR FOR SECURITIZATION COMPANY SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGNEW CAIRO30.03 31.4753111243.75EL TAAMIR FOR SECURITIZATION COMPANY SAE17546005.6EL TAAMIR FOR SECURITIZATION COMPANY SAE8891309.54EL TAAMIR FOR SECURITIZATION COMPANY SAE26673928.61EL TAAMIR FOR SECURITIZATION COMPANY SAESTATESTATESTATESTATEA participation of up EGP 1.5 billion (EUR 83 million equivalent) in two securitised local currency bond issuances (the "Issuances"), in the total amount of EGP 10 billion, in favour of the El Taamir for Securitization Company ("El Taamir", and the "Issuer"). The Issuer, an SPV established by the New Urban Communities Authority (the "Sponsor", "NUCA"), purchased receivables from the Sponsor, and the proceeds of the Issuance will be used to refinance existing short-term loans of NUCA advanced by commercial lenders under a bridge facility. The transaction enables the use of the Short Term Debt Instrument (STDI) developed through a TC project between the Egyptian Financial Regulatory Authority and EBRD in the domestic debt capital market for the first time and supports the Egyptian debt capital market in terms of liquidity and transaction volume. The transaction will allow NUCA to restructure its balance sheet and strengthen its financial capacity. The Bank's participation will help to build the necessary institutional capacity and procedures to develop a sustainable and efficient infrastructure Asset Management and Investment Plan for NUCA. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51256XI-IATI-EBRD-55520European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to €4 million to be provided in one tranche under the Western Balkans GEFF III - REpower Residential The loan is intended to provide sub-loans to help finance investments in high-performance energy efficiency technologies, materials and solutions undertaken in or in relation to privately owned residential dwellings or buildings, construction of GET-eligible High energy Performance Residential Buildings (HPRBs) and eligible Energy Efficiency (EE) and/or Renewable Energy (RE) projects in the Public Sector. 100 per cent of the use of proceeds will be related to Green Economy Transition ("GET") investments.European Bank for Reconstruction and DevelopmentPROCREDIT BANK ADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.431414000000PROCREDIT BANK ADPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to €4 million to be provided in one tranche under the Western Balkans GEFF III - REpower Residential The loan is intended to provide sub-loans to help finance investments in high-performance energy efficiency technologies, materials and solutions undertaken in or in relation to privately owned residential dwellings or buildings, construction of GET-eligible High energy Performance Residential Buildings (HPRBs) and eligible Energy Efficiency (EE) and/or Renewable Energy (RE) projects in the Public Sector. 100 per cent of the use of proceeds will be related to Green Economy Transition ("GET") investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55520XI-IATI-EBRD-48327European Bank for Reconstruction and DevelopmentThe EBRD intends to provide up to EUR 30 million unfunded risk sharing instrument to Societe Generale Albania under the EBRD Albania Agribusiness Support Facility. The financing will cover up to 50% of the aggregate amount of a portfolio of up to EUR 60 million outstanding eligible agribusiness loans. The instrument aims to support financing to the underserved agribusiness sector in Albania. It will benefit from a First Loss Risk Cover contributed by the Government of Albania, and advisory services funded by other donors to be provided to agribusiness clients and Societe Generale Albania. The overall objective of the unfunded risk sharing facility is to promote sustainable lending to agribusiness sector in Albania and enhance access to finance for the sector.European Bank for Reconstruction and DevelopmentBANKA OTP ALBANIA SHAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTIRANA41.3275 19.818891281000019000000BANKA OTP ALBANIA SHAPRIVATEPRIVATEPRIVATEThe EBRD intends to provide up to EUR 30 million unfunded risk sharing instrument to Societe Generale Albania under the EBRD Albania Agribusiness Support Facility. The financing will cover up to 50% of the aggregate amount of a portfolio of up to EUR 60 million outstanding eligible agribusiness loans. The instrument aims to support financing to the underserved agribusiness sector in Albania. It will benefit from a First Loss Risk Cover contributed by the Government of Albania, and advisory services funded by other donors to be provided to agribusiness clients and Societe Generale Albania. The overall objective of the unfunded risk sharing facility is to promote sustainable lending to agribusiness sector in Albania and enhance access to finance for the sector. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48327XI-IATI-EBRD-53041European Bank for Reconstruction and DevelopmentProvision of a sovereign loan of up to EUR 175 million to the Republic of North Macedonia (the "Borrower") for the benefit of the Public Enterprise for Railways Infrastructure ("PERI") for completion of the last section of rail infrastructure on the eastern end of the rail Corridor VIII. The loan will finance: (i) the construction, signalling and telecommunication from Kriva Palanka to the Bulgarian border in total length of 23.4 km, and (ii) the electrification works for the overall eastern rail line including the sections 1, 2 and 3 in total length of 88 km. The Project is envisaged to be co-financed by European Investment Bank ("EIB") and the EU through the Western Balkans Investment Framework ("WBIF") and the national Instrument for Pre-Accession II ("IPA II"). The Project will: i) establish very first connection of the Macedonian rail transport with the Bulgarian and EU core TEN-T network, ii) facilitate the international/transit movement of goods and people, in particular with EU neighbouring countries and Turkey, and iii) shift traffic from road to rail transport by improving the competitiveness of the rail sector. Additionally, the Project will increase traffic safety and reliability for both passengers and freight, offer opportunities for business development near the railway line and stations, and improve environmental conditions in settlements and regions covered by the Project.European Bank for Reconstruction and DevelopmentNORTH MACEDONIA SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.431417400000074000000NORTH MACEDONIA SOVEREIGNSTATESTATESTATESTATEProvision of a sovereign loan of up to EUR 175 million to the Republic of North Macedonia (the "Borrower") for the benefit of the Public Enterprise for Railways Infrastructure ("PERI") for completion of the last section of rail infrastructure on the eastern end of the rail Corridor VIII. The loan will finance: (i) the construction, signalling and telecommunication from Kriva Palanka to the Bulgarian border in total length of 23.4 km, and (ii) the electrification works for the overall eastern rail line including the sections 1, 2 and 3 in total length of 88 km. The Project is envisaged to be co-financed by European Investment Bank ("EIB") and the EU through the Western Balkans Investment Framework ("WBIF") and the national Instrument for Pre-Accession II ("IPA II"). The Project will: i) establish very first connection of the Macedonian rail transport with the Bulgarian and EU core TEN-T network, ii) facilitate the international/transit movement of goods and people, in particular with EU neighbouring countries and Turkey, and iii) shift traffic from road to rail transport by improving the competitiveness of the rail sector. Additionally, the Project will increase traffic safety and reliability for both passengers and freight, offer opportunities for business development near the railway line and stations, and improve environmental conditions in settlements and regions covered by the Project. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53041XI-IATI-EBRD-53507European Bank for Reconstruction and DevelopmentUp to EUR 7 million equity co-investment in a minority stake in Sirma AI EAD ("Ontotext", the "Company"), a limited liability company incorporated in Bulgaria. The EBRD will invest alongside Portfolion Regionalis Magantoke Alap II ("Portfolion") and Atanas Kiryakov, the CEO of Ontotext, to acquire a minority stake from Sirma Group Holding JSC. The investment comes in the context of a recently completed controlling stake buyout by New Frontier Technology Investment SARL ("NFTI", "LuxCo"), a special purpose vehicle established in Luxembourg and controlled by a consortium led by Integral Venture Partners ("IVP"), a private equity and growth equity firm with a focus on SMEs in TMT, consumer, healthcare, and industrial sectors in emerging Europe. NFTI's investment was in excess of €30 million. EBRD is an LP in Evolving European Principal Investments I fund (DTM #49503) managed by IVP * Revenues growth to increase 3-4x from €5-10 million * Increase annual recurring revenue's share to up to 90% * Pivot to a sales/commercial & R&D driven business from current research-minded organization, focusing on (i) verticalization (Life sciences and Financial services) of product development and changing sales and marketing approach, and (ii) further developing the indirect channel (OEM, consulting partners and global IT service providers)European Bank for Reconstruction and DevelopmentSIRMA AI ADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSOFIA42.69751 23.324156959868.1SIRMA AI ADPRIVATEPRIVATEPRIVATEUp to EUR 7 million equity co-investment in a minority stake in Sirma AI EAD ("Ontotext", the "Company"), a limited liability company incorporated in Bulgaria. The EBRD will invest alongside Portfolion Regionalis Magantoke Alap II ("Portfolion") and Atanas Kiryakov, the CEO of Ontotext, to acquire a minority stake from Sirma Group Holding JSC. The investment comes in the context of a recently completed controlling stake buyout by New Frontier Technology Investment SARL ("NFTI", "LuxCo"), a special purpose vehicle established in Luxembourg and controlled by a consortium led by Integral Venture Partners ("IVP"), a private equity and growth equity firm with a focus on SMEs in TMT, consumer, healthcare, and industrial sectors in emerging Europe. NFTI's investment was in excess of €30 million. EBRD is an LP in Evolving European Principal Investments I fund (DTM #49503) managed by IVP * Revenues growth to increase 3-4x from €5-10 million * Increase annual recurring revenue's share to up to 90% * Pivot to a sales/commercial & R&D driven business from current research-minded organization, focusing on (i) verticalization (Life sciences and Financial services) of product development and changing sales and marketing approach, and (ii) further developing the indirect channel (OEM, consulting partners and global IT service providers) For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53507XI-IATI-EBRD-52385European Bank for Reconstruction and DevelopmentEBRD is considering to provide a Sovereign loan of up to EUR 250 million to the Arab Republic of Egypt to finance the rehabilitation and upgrade of Cairo Metro Line II ("CML2") and related communication equipment in the existing rolling stock fleet (the"Project"). The Project is part of an overall investment package estimated at EUR 550 million, which is expected to be co-financed by the EIB and the GoE. The rehabilitation of CML2 aims to upgrade/replace signalling, safety, power, control & electromechanical systems and civil works necessary to achieve an operational headway of 105 seconds (from the current 160 seconds) ultimately increasing the overall capacity of the line by approximately 50%. The Project will be implemented by the National Authority for Tunnels("NAT"), a state-owned executive agency under the jurisdiction of the Ministry of Transportation. The line will be operated by the Egyptian Company for Metro ("ECM"). The Project is in line with the Bank's Strategy for Egypt, namely in its priorities to improve the quality and sustainability of public transport for Cairo City's growing population through promoting private sector participation and commercialization as well as green economy transition through financing the development of greener high-capacity public transport.European Bank for Reconstruction and DevelopmentEGYPT SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.24967247500000250000000EGYPT SOVEREIGN2500000EGYPT SOVEREIGNSTATESTATESTATESTATEEBRD is considering to provide a Sovereign loan of up to EUR 250 million to the Arab Republic of Egypt to finance the rehabilitation and upgrade of Cairo Metro Line II ("CML2") and related communication equipment in the existing rolling stock fleet (the"Project"). The Project is part of an overall investment package estimated at EUR 550 million, which is expected to be co-financed by the EIB and the GoE. The rehabilitation of CML2 aims to upgrade/replace signalling, safety, power, control & electromechanical systems and civil works necessary to achieve an operational headway of 105 seconds (from the current 160 seconds) ultimately increasing the overall capacity of the line by approximately 50%. The Project will be implemented by the National Authority for Tunnels("NAT"), a state-owned executive agency under the jurisdiction of the Ministry of Transportation. The line will be operated by the Egyptian Company for Metro ("ECM"). The Project is in line with the Bank's Strategy for Egypt, namely in its priorities to improve the quality and sustainability of public transport for Cairo City's growing population through promoting private sector participation and commercialization as well as green economy transition through financing the development of greener high-capacity public transport. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52385XI-IATI-EBRD-52916European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to USD 10 million to Export Development bank of Egypt (EBank) for on-lending to private small and medium-sized enterprises (SMEs) in Egypt The EBRD loan will support EBank's SME lending activities and expand access to finance for underserved SMEs in Egypt.European Bank for Reconstruction and DevelopmentEXPORT DEVELOPMENT BANK OF EGYPTEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.249678754267.71EXPORT DEVELOPMENT BANK OF EGYPTPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to USD 10 million to Export Development bank of Egypt (EBank) for on-lending to private small and medium-sized enterprises (SMEs) in Egypt The EBRD loan will support EBank's SME lending activities and expand access to finance for underserved SMEs in Egypt. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52916XI-IATI-EBRD-55334European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to € 3 million under the Sustainable Reboot SME Programme ("the Programme"). The proceeds of the Bank's investment will be used to provide leases to help finance the investments in micro, small and medium-sized enterprises in Bosnia and Herzegovina assisting in improving the competitiveness and compliance with technical standards in line with the EU directives and other international recognized standards.European Bank for Reconstruction and DevelopmentRAIFFEISEN LEASING DOO SARAJEVOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.356443000000RAIFFEISEN LEASING DOO SARAJEVOPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to € 3 million under the Sustainable Reboot SME Programme ("the Programme"). The proceeds of the Bank's investment will be used to provide leases to help finance the investments in micro, small and medium-sized enterprises in Bosnia and Herzegovina assisting in improving the competitiveness and compliance with technical standards in line with the EU directives and other international recognized standards. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55334XI-IATI-EBRD-53297European Bank for Reconstruction and DevelopmentProvision of a long-term senior unsecured loan to Banca Intesa Belgrade ("BIB") for on-lending to Youth micro, small and medium-sized enterprises ("MSMEs") in Serbia. The loan is envisaged under the WB Youth in Business Programme ("WB YiB"). The project will contribute to youth's economic inclusion by supporting youth-led MSMEs' access to finance and business advisory services.European Bank for Reconstruction and DevelopmentBANCA INTESA AD BEOGRADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651315000000BANCA INTESA AD BEOGRADPRIVATEPRIVATEPRIVATEProvision of a long-term senior unsecured loan to Banca Intesa Belgrade ("BIB") for on-lending to Youth micro, small and medium-sized enterprises ("MSMEs") in Serbia. The loan is envisaged under the WB Youth in Business Programme ("WB YiB"). The project will contribute to youth's economic inclusion by supporting youth-led MSMEs' access to finance and business advisory services. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53297XI-IATI-EBRD-51441European Bank for Reconstruction and DevelopmentProject Description: Provision of debt financing to Javno gradsko saobracajno preduzece Novi Sad (the "Company", or the "Client"), a public transport company fully owned by the city of Novi Sad (the "City") to help renew its bus fleet. In addition to the acquisition of 29 Compressed Natural Gas ("CNG") buses under the original project, the proposed loan extension entails the financing of up to 10 electric buses with related charging infrastructure to help diversify the Company's bus fleet. The project and its extension fall under the Green Cities Framework 2 ("GrCF2") which is established to provide loans to governments, municipalities, municipal owned and private companies providing municipal services. The over-arching aim of the GrCF2 is to serve as a sector-wide catalyst for addressing environmental challenges at the municipal/city level. This is underpinned through the implementation of a Green Cities Action Plan ("GCAP"), which is a strategic document whereby environmental challenges are benchmarked, priority areas for environmental improvements identified, environmental objectives defined and indicative investments determined. The preparation of GCAP is ongoing and it is financed from the donor funds granted by Green Climate Fund ("GCF"). Project Objectives: Contributing to the improved quality of bus transport service in the city and enhancement of sustainable mobility solutions.European Bank for Reconstruction and DevelopmentPUBLIC TRANSPORT COMPANY OF THE CITY OF NOVI SADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGNOVI SAD45.25167 19.836947000000PUBLIC TRANSPORT COMPANY OF THE CITY OF NOVI SAD647300PUBLIC TRANSPORT COMPANY OF THE CITY OF NOVI SAD5773000PUBLIC TRANSPORT COMPANY OF THE CITY OF NOVI SAD577300PUBLIC TRANSPORT COMPANY OF THE CITY OF NOVI SADSTATESTATESTATESTATEProject Description: Provision of debt financing to Javno gradsko saobracajno preduzece Novi Sad (the "Company", or the "Client"), a public transport company fully owned by the city of Novi Sad (the "City") to help renew its bus fleet. In addition to the acquisition of 29 Compressed Natural Gas ("CNG") buses under the original project, the proposed loan extension entails the financing of up to 10 electric buses with related charging infrastructure to help diversify the Company's bus fleet. The project and its extension fall under the Green Cities Framework 2 ("GrCF2") which is established to provide loans to governments, municipalities, municipal owned and private companies providing municipal services. The over-arching aim of the GrCF2 is to serve as a sector-wide catalyst for addressing environmental challenges at the municipal/city level. This is underpinned through the implementation of a Green Cities Action Plan ("GCAP"), which is a strategic document whereby environmental challenges are benchmarked, priority areas for environmental improvements identified, environmental objectives defined and indicative investments determined. The preparation of GCAP is ongoing and it is financed from the donor funds granted by Green Climate Fund ("GCF"). Project Objectives: Contributing to the improved quality of bus transport service in the city and enhancement of sustainable mobility solutions. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51441XI-IATI-EBRD-49877European Bank for Reconstruction and DevelopmentProvision of an equity investment of up to USD 50 million in Lorax Capital Partners Fund II (the "Fund"). The Fund has a target size of USD 250 million. The Fund will seek to achieve long-term capital growth by making equity and quasi-equity investments primarily in Egyptian small and medium-sized enterprises ("SMEs") and mid-cap companies.European Bank for Reconstruction and DevelopmentLCP FUND II COOPERATIEF UAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.249675503936.7944185176.39LCP FUND II COOPERATIEF UAPRIVATEPRIVATEPRIVATEProvision of an equity investment of up to USD 50 million in Lorax Capital Partners Fund II (the "Fund"). The Fund has a target size of USD 250 million. The Fund will seek to achieve long-term capital growth by making equity and quasi-equity investments primarily in Egyptian small and medium-sized enterprises ("SMEs") and mid-cap companies. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49877XI-IATI-EBRD-56745European Bank for Reconstruction and DevelopmentThe provision of a senior unsecured loan of up to US$ 20m (€ 16.8 m) to KB under the Financial Intermediaries Framework (FIF). The loan proceeds will be on-lent exclusively to support the local agricultural sector, including investments in environmentally sustainable (i.e. Green Economy Transition (GET) eligible) agriculture sector. The loan will enable KB to diversify its funding base and provide long term financing to support the agricultural sector exclusively, including supporting environmentally sustainable (i.e. GET eligible) agriculture sector investments.European Bank for Reconstruction and DevelopmentKHAN BANK JSCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGULAANBAATAR47.90771 106.883248754267.7117508535.42KHAN BANK JSCPRIVATEPRIVATEPRIVATEThe provision of a senior unsecured loan of up to US$ 20m (€ 16.8 m) to KB under the Financial Intermediaries Framework (FIF). The loan proceeds will be on-lent exclusively to support the local agricultural sector, including investments in environmentally sustainable (i.e. Green Economy Transition (GET) eligible) agriculture sector. The loan will enable KB to diversify its funding base and provide long term financing to support the agricultural sector exclusively, including supporting environmentally sustainable (i.e. GET eligible) agriculture sector investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56745XI-IATI-EBRD-48062European Bank for Reconstruction and DevelopmentThe European Bank for Reconstruction and Development (EBRD) is providing a sovereign loan to Kosovo to finance the rehabilitation of an approximately 15km road section from Kllokot to Gjilan and the upgrade of access roads for a total length of approximately 11.2 km in the cities of Ferizaj, Gjilan and Prizren in Kosovo (the "Project"). The Project will rehabilitate a road section of approximately 15km between the cities of Kllokot and Gjilan and the upgrade of access roads for a total length of approximately 11 km in the cities of Ferizaj, Gjilan and Prizren in south and south-east of Kosovo . The Project will facilitate connection to these cities which are important administrative and economic centres of the country.European Bank for Reconstruction and DevelopmentKOSOVO SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRISTINA42.67272 21.1668811566351.9229000000KOSOVO SOVEREIGN290000KOSOVO SOVEREIGN652898.3KOSOVO SOVEREIGN1520053.03KOSOVO SOVEREIGN294947.11KOSOVO SOVEREIGN331536.39KOSOVO SOVEREIGN255259.08KOSOVO SOVEREIGN326561.35KOSOVO SOVEREIGN217274.83KOSOVO SOVEREIGN47412.96KOSOVO SOVEREIGN314590.8KOSOVO SOVEREIGN1148824.57KOSOVO SOVEREIGN68312.96KOSOVO SOVEREIGN43785.05KOSOVO SOVEREIGN369217.16KOSOVO SOVEREIGN319260.95KOSOVO SOVEREIGN305848.59KOSOVO SOVEREIGN141569.94KOSOVO SOVEREIGN83903.72KOSOVO SOVEREIGN319658.89KOSOVO SOVEREIGN35613.33KOSOVO SOVEREIGN266122.21KOSOVO SOVEREIGN277517.43KOSOVO SOVEREIGN303912.78KOSOVO SOVEREIGN485078.11KOSOVO SOVEREIGN327523.12KOSOVO SOVEREIGN189344.89KOSOVO SOVEREIGN38480.19KOSOVO SOVEREIGN89313.32KOSOVO SOVEREIGN31936.66KOSOVO SOVEREIGN187794.99KOSOVO SOVEREIGN264967KOSOVO SOVEREIGN134221.6KOSOVO SOVEREIGN23922.65KOSOVO SOVEREIGN55567.82KOSOVO SOVEREIGN26639.05KOSOVO SOVEREIGN54462.7KOSOVO SOVEREIGN3275961.82KOSOVO SOVEREIGN24844.13KOSOVO SOVEREIGN25819.56KOSOVO SOVEREIGN847542.47KOSOVO SOVEREIGN467151.65KOSOVO SOVEREIGN45194.13KOSOVO SOVEREIGN53108.01KOSOVO SOVEREIGN917958.71KOSOVO SOVEREIGN31267.51KOSOVO SOVEREIGN623709.38KOSOVO SOVEREIGN605069.52KOSOVO SOVEREIGN567323KOSOVO SOVEREIGN48047.18KOSOVO SOVEREIGN57317.48KOSOVO SOVEREIGNSTATESTATESTATESTATEThe European Bank for Reconstruction and Development (EBRD) is providing a sovereign loan to Kosovo to finance the rehabilitation of an approximately 15km road section from Kllokot to Gjilan and the upgrade of access roads for a total length of approximately 11.2 km in the cities of Ferizaj, Gjilan and Prizren in Kosovo (the "Project"). The Project will rehabilitate a road section of approximately 15km between the cities of Kllokot and Gjilan and the upgrade of access roads for a total length of approximately 11 km in the cities of Ferizaj, Gjilan and Prizren in south and south-east of Kosovo . The Project will facilitate connection to these cities which are important administrative and economic centres of the country. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/48062XI-IATI-EBRD-49118European Bank for Reconstruction and DevelopmentProvision of a sovereign-guaranteed loan in the amount of up to EUR 12 million to Public Enterprise for State Roads (PESR) to finance the construction works for the rehabilitation of a single two-lane carriageway road section, 13.5 km in length, between Kriva Palanka and Deve Bair near the Bulgarian border. The loan will be guaranteed by FYR Macedonia. The project is part of the eastern section of Pan-European Corridor VIII. Support FYR Macedonia's economic development and contribute to its regional integration by improving connectivity within its regions and between FYR Macedonia and the EU.European Bank for Reconstruction and DevelopmentPUBLIC ENTERPRISE FOR STATE ROADSEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.4314110000000PUBLIC ENTERPRISE FOR STATE ROADS100000PUBLIC ENTERPRISE FOR STATE ROADS2000000PUBLIC ENTERPRISE FOR STATE ROADS1500000PUBLIC ENTERPRISE FOR STATE ROADS1500000PUBLIC ENTERPRISE FOR STATE ROADS1600000PUBLIC ENTERPRISE FOR STATE ROADS1500000PUBLIC ENTERPRISE FOR STATE ROADS700000PUBLIC ENTERPRISE FOR STATE ROADS1100000PUBLIC ENTERPRISE FOR STATE ROADSSTATESTATESTATESTATEProvision of a sovereign-guaranteed loan in the amount of up to EUR 12 million to Public Enterprise for State Roads (PESR) to finance the construction works for the rehabilitation of a single two-lane carriageway road section, 13.5 km in length, between Kriva Palanka and Deve Bair near the Bulgarian border. The loan will be guaranteed by FYR Macedonia. The project is part of the eastern section of Pan-European Corridor VIII. Support FYR Macedonia's economic development and contribute to its regional integration by improving connectivity within its regions and between FYR Macedonia and the EU. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49118XI-IATI-EBRD-52342European Bank for Reconstruction and DevelopmentThe EBRD has subscribed to 2.6 percent of the share capital of Adriatic Metals PLC with an investment of GBP 6.2 million (EUR 6.84 million). The Bank's financing will support the company to transition its operation from exploration to mine development. The proceeds from the Bank's equity subscription will fund engineering and economic studies to complete a Bankable Feasibility Study (BFS) and associated pre-development cost in H12021 for mining the Vareš mineral deposit, located in the Zenica-Doboj canton, which has a history of minerals exploitation for more than a century. In spite of its long exploration history and investor outreach, BiH has struggled in the past two decades to attract investment into the mining sector. Adriatic's project is an exceedingly rare foreign direct investment in mining and enjoys strong government support. There is also strong support from the Zenica-Doboj canton's communities because Adriatic will operate at the highest environmental and social standards and create new employment and business opportunities locally. Moreover, the region's mineral sector will benefit from Adriatic introducing modern exploration, project management and health and safety procedures. The Bank's financing in parallel with investment from renowned international mining financiers will fund pre-development and exploration works at the Vares project.European Bank for Reconstruction and DevelopmentADRIATIC METALS PLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSARAJEVO43.84864 18.356446863400ADRIATIC METALS PLCPRIVATEPRIVATEPRIVATEThe EBRD has subscribed to 2.6 percent of the share capital of Adriatic Metals PLC with an investment of GBP 6.2 million (EUR 6.84 million). The Bank's financing will support the company to transition its operation from exploration to mine development. The proceeds from the Bank's equity subscription will fund engineering and economic studies to complete a Bankable Feasibility Study (BFS) and associated pre-development cost in H12021 for mining the Vareš mineral deposit, located in the Zenica-Doboj canton, which has a history of minerals exploitation for more than a century. In spite of its long exploration history and investor outreach, BiH has struggled in the past two decades to attract investment into the mining sector. Adriatic's project is an exceedingly rare foreign direct investment in mining and enjoys strong government support. There is also strong support from the Zenica-Doboj canton's communities because Adriatic will operate at the highest environmental and social standards and create new employment and business opportunities locally. Moreover, the region's mineral sector will benefit from Adriatic introducing modern exploration, project management and health and safety procedures. The Bank's financing in parallel with investment from renowned international mining financiers will fund pre-development and exploration works at the Vares project. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52342XI-IATI-EBRD-53962European Bank for Reconstruction and DevelopmentThe provision of a €50 million long-term senior unsecured loan in three tranches to AIK Bank Serbia (AIK) for on-lending to small and medium-sized enterprises (SMEs) in Serbia. The loan is extended under the EBRD Financial Intermediaries Framework (FIF). The loan is intended to facilitate the expansion of lending to private businesses through working capital lines and investment loans, including to enterprises operating in less economically developed regions of the country. Furthermore, the transaction supports AIK's growth strategy and provides a source of medium term funding.European Bank for Reconstruction and DevelopmentAIKBANK AD BEOGRADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651350000000AIKBANK AD BEOGRADPRIVATEPRIVATEPRIVATEThe provision of a €50 million long-term senior unsecured loan in three tranches to AIK Bank Serbia (AIK) for on-lending to small and medium-sized enterprises (SMEs) in Serbia. The loan is extended under the EBRD Financial Intermediaries Framework (FIF). The loan is intended to facilitate the expansion of lending to private businesses through working capital lines and investment loans, including to enterprises operating in less economically developed regions of the country. Furthermore, the transaction supports AIK's growth strategy and provides a source of medium term funding. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53962XI-IATI-EBRD-56614European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 3.0 million to ProCredit Bank Albania (PCBA) to be disbursed in three equal tranches (EUR 1.0 million each) under the EBRD Go Digital in WB programme. The second and third tranches will be uncommitted, and the approval will be delegated to the management. The proceeds of the Bank's investment will be used for providing a combination of specialised financing for automation, digitalisation, competitiveness and green technologies to eligible SMEs in accordance with the respective Policy Statement. At least 60% of the total investments shall be in eligible automation and digitalisation projects, of which at least 60% shall be GET eligible. Furthermore, at least 60% of the total investments shall be GET eligible.European Bank for Reconstruction and DevelopmentPROCREDIT BANK ALBANIA SHAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTIRANA41.3275 19.818891000000PROCREDIT BANK ALBANIA SHAPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 3.0 million to ProCredit Bank Albania (PCBA) to be disbursed in three equal tranches (EUR 1.0 million each) under the EBRD Go Digital in WB programme. The second and third tranches will be uncommitted, and the approval will be delegated to the management. The proceeds of the Bank's investment will be used for providing a combination of specialised financing for automation, digitalisation, competitiveness and green technologies to eligible SMEs in accordance with the respective Policy Statement. At least 60% of the total investments shall be in eligible automation and digitalisation projects, of which at least 60% shall be GET eligible. Furthermore, at least 60% of the total investments shall be GET eligible. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56614XI-IATI-EBRD-55413European Bank for Reconstruction and DevelopmentProvision of (i) a committed equity investment of USD 14.7m (including pro-rata share of transaction costs) in DigiPay U.A., an entity established for the sole purpose of investing in MSS Holding, and (ii) an uncommitted follow-on equity investment envelope of up to USD 6.3m to enable pursuing inorganic growth opportunities. By supporting Lorax's investment in the Company, Lorax will leverage on its experience as an investor in successful fintechs in the region and will drive growth by: i) pursuing geographic expansion into underserved countries in the region; ii) strategically expanding the client base; and iii) further developing the product suite. The proposed Project is aligned with EBRD's Strategy for Egypt (BDS/EG/21-01 (F)) which looks to enhance Egypt's competitiveness by supporting the private sector growth and promote greater financial inclusion by advancing fintech and other digital solutions. It is aligned with the TMT Strategy (BDS19-224) by investing in high growth, technology focused companies, which introduce new and innovative applications that bring the benefits of technology to consumers and businesses. The Project also fits with the Financial Sector Strategy (BDS21-178(F)), as it contributes to the strengthening of the financial sector's readiness to respond to challenges by "future-proofing" the sector through providing capital and adding a strong digitalisation push with new fintech market participants. Similarly, the Project is aligned with the Approach to Accelerating the Digital Transition (BDS21-122) as it supports the digital transformation and adoption of digital tools among non-digital native firms.European Bank for Reconstruction and DevelopmentDIGIPAY UAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496793749.4513361203.01DIGIPAY UAPRIVATEPRIVATEPRIVATEProvision of (i) a committed equity investment of USD 14.7m (including pro-rata share of transaction costs) in DigiPay U.A., an entity established for the sole purpose of investing in MSS Holding, and (ii) an uncommitted follow-on equity investment envelope of up to USD 6.3m to enable pursuing inorganic growth opportunities. By supporting Lorax's investment in the Company, Lorax will leverage on its experience as an investor in successful fintechs in the region and will drive growth by: i) pursuing geographic expansion into underserved countries in the region; ii) strategically expanding the client base; and iii) further developing the product suite. The proposed Project is aligned with EBRD's Strategy for Egypt (BDS/EG/21-01 (F)) which looks to enhance Egypt's competitiveness by supporting the private sector growth and promote greater financial inclusion by advancing fintech and other digital solutions. It is aligned with the TMT Strategy (BDS19-224) by investing in high growth, technology focused companies, which introduce new and innovative applications that bring the benefits of technology to consumers and businesses. The Project also fits with the Financial Sector Strategy (BDS21-178(F)), as it contributes to the strengthening of the financial sector's readiness to respond to challenges by "future-proofing" the sector through providing capital and adding a strong digitalisation push with new fintech market participants. Similarly, the Project is aligned with the Approach to Accelerating the Digital Transition (BDS21-122) as it supports the digital transformation and adoption of digital tools among non-digital native firms. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55413XI-IATI-EBRD-49119European Bank for Reconstruction and DevelopmentProvision of a sovereign-guaranteed loan in favour of the Public Enterprise for State Roads (the "Company" or "PESR"), a state-owned company incorporated in the Republic of North Macedonia, at the amount of up to EUR 110 million. The operation will enable PESR to finance: i) capex and supervision related to the construction of a 10.7 kilometres-long section running from Bukojchani to Kichevo, and ii) detailed design of a subsection (the "project"). The project will be co-financed with a EUR 19.8 million investment grant provided by the European Union (EU) through the Western Balkans Investment Framework ("WBIF"). The development of Corridor VIII is a strategic priority for North Macedonia identified as an extension of the Trans-European Transport Networks (TEN-T) to the Core Network of the Western Balkans. The project will support North Macedonia's economic development and contribute to the regional integration of the country by improving connectivity within the western region as well as with neighbouring countries and EU markets.European Bank for Reconstruction and DevelopmentPUBLIC ENTERPRISE FOR STATE ROADSEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.43141104900000110000000PUBLIC ENTERPRISE FOR STATE ROADS417000PUBLIC ENTERPRISE FOR STATE ROADS1000000PUBLIC ENTERPRISE FOR STATE ROADS683000PUBLIC ENTERPRISE FOR STATE ROADS3000000PUBLIC ENTERPRISE FOR STATE ROADSSTATESTATESTATESTATEProvision of a sovereign-guaranteed loan in favour of the Public Enterprise for State Roads (the "Company" or "PESR"), a state-owned company incorporated in the Republic of North Macedonia, at the amount of up to EUR 110 million. The operation will enable PESR to finance: i) capex and supervision related to the construction of a 10.7 kilometres-long section running from Bukojchani to Kichevo, and ii) detailed design of a subsection (the "project"). The project will be co-financed with a EUR 19.8 million investment grant provided by the European Union (EU) through the Western Balkans Investment Framework ("WBIF"). The development of Corridor VIII is a strategic priority for North Macedonia identified as an extension of the Trans-European Transport Networks (TEN-T) to the Core Network of the Western Balkans. The project will support North Macedonia's economic development and contribute to the regional integration of the country by improving connectivity within the western region as well as with neighbouring countries and EU markets. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49119XI-IATI-EBRD-51888European Bank for Reconstruction and DevelopmentProvision of up to USD 12 million loan to finance (i) the upgrade and expansion of the existing pre-treatment facility at Ain Ghazal Pre-Treatment Plant ("AGTP") from a peak capacity of 330,000 ms/d to 726,712 ms/d in order to accept and treat the expected incoming flows at AGTP until 2045, and (ii) the decommissioning of the redundant septic tank reception facility, which will be replaced by a new sceptic tank in Al Ghabawi. Due to the rapid population increase in Jordan, primarily due to the influx of Syrian refugees since 2011, excess wastewater under peak flow conditions bypasses the facility and is sent directly to As Samra WWTP without pre-treatment. The project will provide an additional capacity of 396,712m3/d at AGTP to accommodate the expected growth in wastewater inflows to year 2045. The project will also support the decommissioning of the redundant sceptic tank at AGTP, and will include the installation of a modern odour control system at AGTP to minimise nuisance to nearby residential areas.European Bank for Reconstruction and DevelopmentJORDAN SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGAMMAN31.95522 35.945035260613.79844272.08JORDAN SOVEREIGN98442.62JORDAN SOVEREIGN1199989.92JORDAN SOVEREIGN259335.22JORDAN SOVEREIGN341381.48JORDAN SOVEREIGN391305.75JORDAN SOVEREIGN105319.75JORDAN SOVEREIGN360595.11JORDAN SOVEREIGN393961.6JORDAN SOVEREIGN359927.79JORDAN SOVEREIGN361859.66JORDAN SOVEREIGN350299.79JORDAN SOVEREIGN361239.69JORDAN SOVEREIGNSTATESTATESTATESTATEProvision of up to USD 12 million loan to finance (i) the upgrade and expansion of the existing pre-treatment facility at Ain Ghazal Pre-Treatment Plant ("AGTP") from a peak capacity of 330,000 ms/d to 726,712 ms/d in order to accept and treat the expected incoming flows at AGTP until 2045, and (ii) the decommissioning of the redundant septic tank reception facility, which will be replaced by a new sceptic tank in Al Ghabawi. Due to the rapid population increase in Jordan, primarily due to the influx of Syrian refugees since 2011, excess wastewater under peak flow conditions bypasses the facility and is sent directly to As Samra WWTP without pre-treatment. The project will provide an additional capacity of 396,712m3/d at AGTP to accommodate the expected growth in wastewater inflows to year 2045. The project will also support the decommissioning of the redundant sceptic tank at AGTP, and will include the installation of a modern odour control system at AGTP to minimise nuisance to nearby residential areas. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51888XI-IATI-EBRD-53154European Bank for Reconstruction and DevelopmentThe provision of a loan of up to US$ 6m to finance the Borrower's seasonal working capital needs (the "WC Loan"), as an addition to the existing Capex Loan (as described below). The existing capex loan was signed in September 2022 (the "Capex Loan "). Proceeds of the Capex Loan were used to finance the increase of the Borrower's existing production capacities, including the modernisation of the existing equipment to increase its resource efficiency. Null ValueEuropean Bank for Reconstruction and DevelopmentUZCARLSBERG LLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTASHKENT41.26465 69.216272626280.3114529353.06UZCARLSBERG LLCPRIVATEPRIVATEPRIVATEThe provision of a loan of up to US$ 6m to finance the Borrower's seasonal working capital needs (the "WC Loan"), as an addition to the existing Capex Loan (as described below). The existing capex loan was signed in September 2022 (the "Capex Loan "). Proceeds of the Capex Loan were used to finance the increase of the Borrower's existing production capacities, including the modernisation of the existing equipment to increase its resource efficiency. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53154XI-IATI-EBRD-51603European Bank for Reconstruction and DevelopmentProvision of long-term debt financing to ProCredit Bank AD Belgrade for on-lending to small agricultural producers and small and medium-sized enterprises (SMEs) in Serbia. Contribution to the expansion of lending to private businesses through working capital lines and investment loans to SMEs, including enterprises operating in economically less developed regions of the country.European Bank for Reconstruction and DevelopmentPROCREDIT BANK AD BELGRADEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651340000000PROCREDIT BANK AD BELGRADEPRIVATEPRIVATEPRIVATEProvision of long-term debt financing to ProCredit Bank AD Belgrade for on-lending to small agricultural producers and small and medium-sized enterprises (SMEs) in Serbia. Contribution to the expansion of lending to private businesses through working capital lines and investment loans to SMEs, including enterprises operating in economically less developed regions of the country. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51603XI-IATI-EBRD-53393European Bank for Reconstruction and DevelopmentProvision of a long-term senior unsecured loan to 3 Banka Serbia ("3B" or the "Company") up to RSD 1.2bn (c. EUR 10.2m) under the Financial Intermediaries Framework ("FIF") for on lending to micro, small and medium-sized enterprises. The project will contribute to the expansion of lending to private businesses through working capital lines and investment loans to farmers, enterpreneurs and MSMEs, including those operating in economically less-developed regions of the country. Furthermore, the transaction supports 3B's growth strategy and provides a source of medium term local currency funding.European Bank for Reconstruction and Development3 BANKA ADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGNOVI SAD45.25167 19.8369410223962.293 BANKA ADPRIVATEPRIVATEPRIVATEProvision of a long-term senior unsecured loan to 3 Banka Serbia ("3B" or the "Company") up to RSD 1.2bn (c. EUR 10.2m) under the Financial Intermediaries Framework ("FIF") for on lending to micro, small and medium-sized enterprises. The project will contribute to the expansion of lending to private businesses through working capital lines and investment loans to farmers, enterpreneurs and MSMEs, including those operating in economically less-developed regions of the country. Furthermore, the transaction supports 3B's growth strategy and provides a source of medium term local currency funding. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53393XI-IATI-EBRD-51719European Bank for Reconstruction and DevelopmentProvision of a senior unsecured loan of up to EUR 1.0m to Procredit Bank Macedonia ("PCBM"), the 6th largest bank in North Macedonia, under the GEFF Western Balkans Programme (the "programme" or "GEFF"). The GEFF transaction will support investments in high-performance green technologies, materials and solutions undertaken in privately owned residential dwellings or buildings ("sub-projects"). Sub-projects will be selected according to technical and financial eligibility criteria set forth in the Policy Statement for GEFF-WB. The latter will be an integral part of the loan agreement to be signed with PCBM. 100% of the use of proceeds will be related to Green Economy Transition ("GET") investments.European Bank for Reconstruction and DevelopmentPROCREDIT BANK ADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSKOPJE41.99646 21.431411000000PROCREDIT BANK ADPRIVATEPRIVATEPRIVATEProvision of a senior unsecured loan of up to EUR 1.0m to Procredit Bank Macedonia ("PCBM"), the 6th largest bank in North Macedonia, under the GEFF Western Balkans Programme (the "programme" or "GEFF"). The GEFF transaction will support investments in high-performance green technologies, materials and solutions undertaken in privately owned residential dwellings or buildings ("sub-projects"). Sub-projects will be selected according to technical and financial eligibility criteria set forth in the Policy Statement for GEFF-WB. The latter will be an integral part of the loan agreement to be signed with PCBM. 100% of the use of proceeds will be related to Green Economy Transition ("GET") investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51719XI-IATI-EBRD-44828European Bank for Reconstruction and DevelopmentThe EBRD is supporting the Tokmok Water Sub-Project. The EBRD would extend a sovereign loan of up to €2 million to the Kyrgyz Republic, to be transferred to Tokmok City for the benefit of the Tokmok Water Company for improvement of water supply and selected wastewater services. The EBRD will also seek an investment grant from an international donor of €3.1 million to co-finance implementation of the sub-project which will address urgently needed water and wastewater infrastructure rehabilitation needs. This support will be extended under the existing EBRD sovereign framework of up to €20 million, established by the Bank to co-finance with international donors priority water and wastewater rehabilitation sub-projects across the Kyrgyz Republic. The framework envisages sovereign loans that would be transferred to the cities for the benefit of the water companies involved and would address urgently needed water and wastewater infrastructure rehabilitation needs. The overall objectives of this sub-project are to: (a) rehabilitate the water supply and selected wastewater improvements; and (b) improve financial and operational management. Null ValueEuropean Bank for Reconstruction and DevelopmentKYRGYZ REPUBLIC SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSEMEY50.42675 80.266692000000KYRGYZ REPUBLIC SOVEREIGN20000KYRGYZ REPUBLIC SOVEREIGN117760KYRGYZ REPUBLIC SOVEREIGN412160KYRGYZ REPUBLIC SOVEREIGN58880KYRGYZ REPUBLIC SOVEREIGN68671.48KYRGYZ REPUBLIC SOVEREIGN72214KYRGYZ REPUBLIC SOVEREIGN255525.22KYRGYZ REPUBLIC SOVEREIGN115085.89KYRGYZ REPUBLIC SOVEREIGN145416.94KYRGYZ REPUBLIC SOVEREIGN127864.69KYRGYZ REPUBLIC SOVEREIGN228632.48KYRGYZ REPUBLIC SOVEREIGN93418.88KYRGYZ REPUBLIC SOVEREIGN141488.28KYRGYZ REPUBLIC SOVEREIGN77009KYRGYZ REPUBLIC SOVEREIGN65873.14KYRGYZ REPUBLIC SOVEREIGNSTATESTATESTATESTATEThe EBRD is supporting the Tokmok Water Sub-Project. The EBRD would extend a sovereign loan of up to €2 million to the Kyrgyz Republic, to be transferred to Tokmok City for the benefit of the Tokmok Water Company for improvement of water supply and selected wastewater services. The EBRD will also seek an investment grant from an international donor of €3.1 million to co-finance implementation of the sub-project which will address urgently needed water and wastewater infrastructure rehabilitation needs. This support will be extended under the existing EBRD sovereign framework of up to €20 million, established by the Bank to co-finance with international donors priority water and wastewater rehabilitation sub-projects across the Kyrgyz Republic. The framework envisages sovereign loans that would be transferred to the cities for the benefit of the water companies involved and would address urgently needed water and wastewater infrastructure rehabilitation needs. The overall objectives of this sub-project are to: (a) rehabilitate the water supply and selected wastewater improvements; and (b) improve financial and operational management. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/44828XI-IATI-EBRD-54879European Bank for Reconstruction and DevelopmentPortfolio Risk Sharing ("PRS") in the form of an unfunded portfolio guarantee of up to EUR 12.5 million provided by the Bank in favour of Raiffeisen Bank Kosovo ("RBKO"). The guarantee will cover up to 50% of the credit risk on a pro rata basis on the newly-generated MSME loan portfolio of up to EUR 25mln originated by RBKO. This project is the first pilot implementation of the PRS product by the EBRD in Kosovo. The product aims to release a bank's risk-taking capacity to boost on-lending to MSMEs, addressing an MSME financing gap in the market.European Bank for Reconstruction and DevelopmentRAIFFEISEN BANK KOSOVO SHAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPRISTINA42.67272 21.1668812452885.9912500000RAIFFEISEN BANK KOSOVO SHAPRIVATEPRIVATEPRIVATEPortfolio Risk Sharing ("PRS") in the form of an unfunded portfolio guarantee of up to EUR 12.5 million provided by the Bank in favour of Raiffeisen Bank Kosovo ("RBKO"). The guarantee will cover up to 50% of the credit risk on a pro rata basis on the newly-generated MSME loan portfolio of up to EUR 25mln originated by RBKO. This project is the first pilot implementation of the PRS product by the EBRD in Kosovo. The product aims to release a bank's risk-taking capacity to boost on-lending to MSMEs, addressing an MSME financing gap in the market. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54879XI-IATI-EBRD-55258European Bank for Reconstruction and DevelopmentThe provision of a senior loan of up to € 30 million to Zeljezniiki Prevoz Crne Gore a.d. (ZPCG), the passenger train operator in Montenegro. The loan will be fully guaranteed by the State of Montenegro (the Guarantor) and used to finance the purchase 4-car Electro-motor unit (EMU) sets to be used for operations across the railway network of Montenegro. The new rolling stock will replace the old, energy inefficient loco-hauled train sets currently in operation. ZPCG needs to acquire 4-car EMUs to improve the quality and regularity of services. The acquisition of new rolling stock has been identified by the Government of Montenegro as the key priority for the developement of the railway services in the country. The new rolling stock will replace the old, energy inefficient locomotive-hauled train sets currently in operation.European Bank for Reconstruction and DevelopmentRAILWAYS PASSENGER COMPANY OF THE REPUBLIC OF MONTENEGROEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGPODGORICA42.44111 19.263612970000030000000RAILWAYS PASSENGER COMPANY OF THE REPUBLIC OF MONTENEGRO300000RAILWAYS PASSENGER COMPANY OF THE REPUBLIC OF MONTENEGROSTATESTATESTATESTATEThe provision of a senior loan of up to € 30 million to Zeljezniiki Prevoz Crne Gore a.d. (ZPCG), the passenger train operator in Montenegro. The loan will be fully guaranteed by the State of Montenegro (the Guarantor) and used to finance the purchase 4-car Electro-motor unit (EMU) sets to be used for operations across the railway network of Montenegro. The new rolling stock will replace the old, energy inefficient loco-hauled train sets currently in operation. ZPCG needs to acquire 4-car EMUs to improve the quality and regularity of services. The acquisition of new rolling stock has been identified by the Government of Montenegro as the key priority for the developement of the railway services in the country. The new rolling stock will replace the old, energy inefficient locomotive-hauled train sets currently in operation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55258XI-IATI-EBRD-49781European Bank for Reconstruction and DevelopmentA loan extension of up to EUR 10 million has been approved for Apavital Iasi, the regional water operator serving Iasi County and neighbouring localities. This extension increases the total loan co-financing to up to EUR 35 million, building on the original EUR 25 million loan. The combined funds from the original loan and this extension will be used alongside EU Cohesion Funds to co-finance the extension and modernisation of the company's water and wastewater infrastructure and services. These investments are supported by grants from the EU Sustainable Infrastructure Programme. The project will enable Apavital to bring their water and wastewater services in line with EU environmental standards by co-financing the extension and rehabilitation of the company's water and wastewater network alongside the EU.European Bank for Reconstruction and DevelopmentAPAVITAL SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGIASI47.16667 27.61000000035000000APAVITAL SA5000000APAVITAL SA6000000APAVITAL SA7000000APAVITAL SA7000000APAVITAL SASTATESTATESTATESTATEA loan extension of up to EUR 10 million has been approved for Apavital Iasi, the regional water operator serving Iasi County and neighbouring localities. This extension increases the total loan co-financing to up to EUR 35 million, building on the original EUR 25 million loan. The combined funds from the original loan and this extension will be used alongside EU Cohesion Funds to co-finance the extension and modernisation of the company's water and wastewater infrastructure and services. These investments are supported by grants from the EU Sustainable Infrastructure Programme. The project will enable Apavital to bring their water and wastewater services in line with EU environmental standards by co-financing the extension and rehabilitation of the company's water and wastewater network alongside the EU. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49781XI-IATI-EBRD-53923European Bank for Reconstruction and DevelopmentLoan of up to EUR 14.4 million to the Company, under the SWIFT Framework to co-finance a EUR 239 million EU Large Infrastructure Operational Programme (" LIOP") (the "Project"). The tenor of the loan is 15 years, including four year grace period for Project implementation. The project will enable Aquatim: (i) to achieve compliance with the relevant EU standards in the project area, and (ii) to enhance its long term asset management plan and integrate climate change considerations.European Bank for Reconstruction and DevelopmentAQUATIM SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTIMISOARA45.75372 21.2257114366051AQUATIM SA4342011.09AQUATIM SA6030999.34AQUATIM SA3993040.57AQUATIM SASTATESTATESTATESTATELoan of up to EUR 14.4 million to the Company, under the SWIFT Framework to co-finance a EUR 239 million EU Large Infrastructure Operational Programme (" LIOP") (the "Project"). The tenor of the loan is 15 years, including four year grace period for Project implementation. The project will enable Aquatim: (i) to achieve compliance with the relevant EU standards in the project area, and (ii) to enhance its long term asset management plan and integrate climate change considerations. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53923XI-IATI-EBRD-55428European Bank for Reconstruction and DevelopmentA senior unsecured loan of up to EUR 6.0 million to ProCredit Bank Albania ("PCBA") for providing sub-loans to small and medium-sized enterprises ("SMEs") in Albania through the Sustainable Reboot SME Programme ("Reboot SME"). The proceeds of the Bank's investment will be used to provide sub-loans to help finance investments in micro, small and medium-sized enterprises in Albania that will assist in improving the competitiveness and compliance with technical standards in line with the EU Directives and other internationally recognized standards. At least 70% of the investments will be used for GET eligible technologies. Sub-projects will be selected according to technical and financial eligibility criteria set forth in the Policy Statement for the Sustainable Reboot SME Programme.European Bank for Reconstruction and DevelopmentPROCREDIT BANK ALBANIA SHAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGTIRANA41.3275 19.818896000000PROCREDIT BANK ALBANIA SHAPRIVATEPRIVATEPRIVATEA senior unsecured loan of up to EUR 6.0 million to ProCredit Bank Albania ("PCBA") for providing sub-loans to small and medium-sized enterprises ("SMEs") in Albania through the Sustainable Reboot SME Programme ("Reboot SME"). The proceeds of the Bank's investment will be used to provide sub-loans to help finance investments in micro, small and medium-sized enterprises in Albania that will assist in improving the competitiveness and compliance with technical standards in line with the EU Directives and other internationally recognized standards. At least 70% of the investments will be used for GET eligible technologies. Sub-projects will be selected according to technical and financial eligibility criteria set forth in the Policy Statement for the Sustainable Reboot SME Programme. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/55428XI-IATI-EBRD-51223European Bank for Reconstruction and DevelopmentProvision of a sovereign loan of up to EUR 150 million in favour of the Kingdom of Morocco (the "Country") to co-finance: (i) the construction of key components of the Saiss water transfer network comprised of the main distribution pipeline as well as the primary and secondary distribution networks (the "Saiss II" component); and (ii) the rehabilitation and modernisation of the water distribution network and full conversion to drip-fed watering system in the Garet perimeter (the "Garet" component), (altogether, the "Project"). The Saiss II component is part of a staged programme to preserve the Saiss aquifer and promote sustainable water management within the Saiss plain. As part of this programme, the Bank has approved a sovereign loan of up to EUR 120 million and mobilized grant financing of EUR 30 million from the Green Climate Fund (the "GCF") to finance the construction of a 135 km (a 45 km section of the main transfer pipeline with a total length of 62 km outside the Saiss plain and a 90 km main distribution pipeline within the Saiss plain) water transfer pipeline from the M'Dez dam to the boundary of the Saiss perimeter (Saiss water conservation project or the "Saiss I"). The key objectives of the Project are (i) to enable the switch from unsustainable groundwater abstraction from the Sebou/Saiss basin to the use of more sustainable and climate resilient surface water resources from the M'Dez dam, which will contribute to the restoration of the Saiss aquifer and to the climate resilience of the Saiss plain and(ii) to rehabilitate and modernize the water distribution network in the Garet plain to facilitate a full shift to a more sustainable and efficient drip system to mitigate the adverse impacts of the current and future water scarcity. The Project will be supported by a comprehensive TC package to facilitate effective implementation and monitoring of the Project and to provide capacity building for local beneficiaries, including targeted activities to encourage women beneficiaries' economic participation.European Bank for Reconstruction and DevelopmentMOROCCO SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGRABAT34.01325 -6.83255150000000MOROCCO SOVEREIGN1500000MOROCCO SOVEREIGN30000000MOROCCO SOVEREIGN19615246.12MOROCCO SOVEREIGN3016251.68MOROCCO SOVEREIGN15464015.27MOROCCO SOVEREIGN5073614.39MOROCCO SOVEREIGN10524024.54MOROCCO SOVEREIGN12363545.47MOROCCO SOVEREIGN13973705.61MOROCCO SOVEREIGN1006500.89MOROCCO SOVEREIGN18201636.21MOROCCO SOVEREIGN18562265.18MOROCCO SOVEREIGN401045.78MOROCCO SOVEREIGN298148.86MOROCCO SOVEREIGNSTATESTATESTATESTATEProvision of a sovereign loan of up to EUR 150 million in favour of the Kingdom of Morocco (the "Country") to co-finance: (i) the construction of key components of the Saiss water transfer network comprised of the main distribution pipeline as well as the primary and secondary distribution networks (the "Saiss II" component); and (ii) the rehabilitation and modernisation of the water distribution network and full conversion to drip-fed watering system in the Garet perimeter (the "Garet" component), (altogether, the "Project"). The Saiss II component is part of a staged programme to preserve the Saiss aquifer and promote sustainable water management within the Saiss plain. As part of this programme, the Bank has approved a sovereign loan of up to EUR 120 million and mobilized grant financing of EUR 30 million from the Green Climate Fund (the "GCF") to finance the construction of a 135 km (a 45 km section of the main transfer pipeline with a total length of 62 km outside the Saiss plain and a 90 km main distribution pipeline within the Saiss plain) water transfer pipeline from the M'Dez dam to the boundary of the Saiss perimeter (Saiss water conservation project or the "Saiss I"). The key objectives of the Project are (i) to enable the switch from unsustainable groundwater abstraction from the Sebou/Saiss basin to the use of more sustainable and climate resilient surface water resources from the M'Dez dam, which will contribute to the restoration of the Saiss aquifer and to the climate resilience of the Saiss plain and(ii) to rehabilitate and modernize the water distribution network in the Garet plain to facilitate a full shift to a more sustainable and efficient drip system to mitigate the adverse impacts of the current and future water scarcity. The Project will be supported by a comprehensive TC package to facilitate effective implementation and monitoring of the Project and to provide capacity building for local beneficiaries, including targeted activities to encourage women beneficiaries' economic participation. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/51223XI-IATI-EBRD-49055European Bank for Reconstruction and DevelopmentLong-term senior debt financing of up to USD 29 million (EUR 26.8 million equivalent) to finance the construction of 50 MW solar photovoltaic plant located in the proposed 1.8 GW Benban solar complex in the Aswan province of Egypt (the "Project"). The Project will be one of the first utility scale solar plants in Egypt and will support the country in increasing its renewable energy capacity. The Project will be developed under the programme implemented by the Egyptian government offering feed-in tariffs to projects of up to 50 MW capacity to stimulate private investment in over 4 GW of wind and solar power. This scheme aims to support Egypt to move to a more environmentally sustainable and diverse electricity sector by exploiting the country's vast renewable energy potential. It is expected to improve the environmental characteristics of Egypt's power sector by reducing emissions of local pollutants and CO2, as well as water consumption.European Bank for Reconstruction and DevelopmentALFA SOLAR COMPANYEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496724949662.96ALFA SOLAR COMPANYPRIVATEPRIVATEPRIVATELong-term senior debt financing of up to USD 29 million (EUR 26.8 million equivalent) to finance the construction of 50 MW solar photovoltaic plant located in the proposed 1.8 GW Benban solar complex in the Aswan province of Egypt (the "Project"). The Project will be one of the first utility scale solar plants in Egypt and will support the country in increasing its renewable energy capacity. The Project will be developed under the programme implemented by the Egyptian government offering feed-in tariffs to projects of up to 50 MW capacity to stimulate private investment in over 4 GW of wind and solar power. This scheme aims to support Egypt to move to a more environmentally sustainable and diverse electricity sector by exploiting the country's vast renewable energy potential. It is expected to improve the environmental characteristics of Egypt's power sector by reducing emissions of local pollutants and CO2, as well as water consumption. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49055XI-IATI-EBRD-49420European Bank for Reconstruction and DevelopmentThe Project will finance critical drinking water supply improvements in Nookat, including rehabilitating water systems, household metering and O&M equipment procurement. The Project fully complies with the Bank's Country Strategy for the Kyrgyz Republic (BDS/KY/19-01F) and corresponds to the current MEI Sector Strategy (BDS19-069(F)). Moreover, the Project fully aligns with the Green Economy Transition (GET) Approach BDS15-196(F)), promoting climate change adaptation and ensuring availability and sustainable management of water and sanitation, as well as the Strategy for the Promotion of Gender Equality 2016-2020 (BDS15-264/(F)). It positively contributes to SDG 6 and SDG 5. Mobilised amount is EUR 2 million. Null ValueEuropean Bank for Reconstruction and DevelopmentKYRGYZ REPUBLIC SOVEREIGNEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBISHKEK42.87 74.59634009.742200000KYRGYZ REPUBLIC SOVEREIGN22000KYRGYZ REPUBLIC SOVEREIGN214197.9KYRGYZ REPUBLIC SOVEREIGN64250.48KYRGYZ REPUBLIC SOVEREIGN190981.18KYRGYZ REPUBLIC SOVEREIGN210855.88KYRGYZ REPUBLIC SOVEREIGN680852.66KYRGYZ REPUBLIC SOVEREIGN182852.16KYRGYZ REPUBLIC SOVEREIGNSTATESTATESTATESTATEThe Project will finance critical drinking water supply improvements in Nookat, including rehabilitating water systems, household metering and O&M equipment procurement. The Project fully complies with the Bank's Country Strategy for the Kyrgyz Republic (BDS/KY/19-01F) and corresponds to the current MEI Sector Strategy (BDS19-069(F)). Moreover, the Project fully aligns with the Green Economy Transition (GET) Approach BDS15-196(F)), promoting climate change adaptation and ensuring availability and sustainable management of water and sanitation, as well as the Strategy for the Promotion of Gender Equality 2016-2020 (BDS15-264/(F)). It positively contributes to SDG 6 and SDG 5. Mobilised amount is EUR 2 million. Null Value For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/49420XI-IATI-EBRD-54872European Bank for Reconstruction and DevelopmentProvision of up to USD 100m (EUR 90m) investment in the first issue of a senior unsecured sustainability bond programme, issued via private placement by Arab African International Bank S.A.E. ("AAIB") for a total of up to USD 499m (EUR 450m). The investment is in the first sustainability bond ever issued in Egypt, supporting both green and social sub-projects. The issuance is governed by the Sustainability Bond Framework of AAIB, which is developed in line with relevant guidelines from the International Capital Markets Association (ICMA). The project contributes to the development of the Egyptian capital market while supporting AAIB's resilience by improving asset-liability composition and supporting AAIB's transition towards a more sustainable business model. Furthermore, the project is expected to set standards for green and social bond issuances in Egypt and should facilitate and increase capital flow towards green and social assets.European Bank for Reconstruction and DevelopmentARAB AFRICAN INTERNATIONAL BANK SAEEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCAIRO30.06263 31.2496787542677.06ARAB AFRICAN INTERNATIONAL BANK SAEPRIVATEPRIVATEPRIVATEProvision of up to USD 100m (EUR 90m) investment in the first issue of a senior unsecured sustainability bond programme, issued via private placement by Arab African International Bank S.A.E. ("AAIB") for a total of up to USD 499m (EUR 450m). The investment is in the first sustainability bond ever issued in Egypt, supporting both green and social sub-projects. The issuance is governed by the Sustainability Bond Framework of AAIB, which is developed in line with relevant guidelines from the International Capital Markets Association (ICMA). The project contributes to the development of the Egyptian capital market while supporting AAIB's resilience by improving asset-liability composition and supporting AAIB's transition towards a more sustainable business model. Furthermore, the project is expected to set standards for green and social bond issuances in Egypt and should facilitate and increase capital flow towards green and social assets. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54872XI-IATI-EBRD-54286European Bank for Reconstruction and DevelopmentUp to EUR 10 million senior loan (the 'Project') to Elana Agrocredit AD ('Elana') under the Resilience and Livelihoods Framework ('RLF'). The project will help Elana to increase lending to farmers (MSMEs) affected directly or indirectly by the war, thereby supporting food production and security in Bulgaria and elsewhere.European Bank for Reconstruction and DevelopmentELANA AGROCREDIT ADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGSOFIA42.69751 23.3241510000000ELANA AGROCREDIT ADPRIVATEPRIVATEPRIVATEUp to EUR 10 million senior loan (the 'Project') to Elana Agrocredit AD ('Elana') under the Resilience and Livelihoods Framework ('RLF'). The project will help Elana to increase lending to farmers (MSMEs) affected directly or indirectly by the war, thereby supporting food production and security in Bulgaria and elsewhere. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54286XI-IATI-EBRD-56398European Bank for Reconstruction and DevelopmentProvision of an A/B subordinated loan to Capital Bank of Jordan ("CB") in the amount of up to USD 45 million - including EBRD A loan of up to USD 25 million, and B loan of up to USD 20 million - in coordination with parallel international lenders who will provide up to USD 90 million of subordinated debt (already Board approved on 9 July BDS number 25-132). Approval is sought for an additional USD 10 million to the EBRD A loan, following one of the co-lenders' inability to disburse within the required timeline (before year-end). This increase would bring the total EBRD share to USD 35 million, up from USD 25 million signed in October 2025. The subordinated loan will enhance CB's capital base, thereby strengthening its capacity to expand lending in Jordan, particularly to small and medium-sized enterprises (40% of the EBRD facility), which remain underserved in the country. The remaining portion of the EBRD facility (60%) will be allocated for on-lending to eligible green sub-projects, supporting the country's sustainable development agenda.European Bank for Reconstruction and DevelopmentCAPITAL BANK OF JORDAN PLCEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGAMMAN31.95522 35.9450330639936.97CAPITAL BANK OF JORDAN PLCPRIVATEPRIVATEPRIVATEProvision of an A/B subordinated loan to Capital Bank of Jordan ("CB") in the amount of up to USD 45 million - including EBRD A loan of up to USD 25 million, and B loan of up to USD 20 million - in coordination with parallel international lenders who will provide up to USD 90 million of subordinated debt (already Board approved on 9 July BDS number 25-132). Approval is sought for an additional USD 10 million to the EBRD A loan, following one of the co-lenders' inability to disburse within the required timeline (before year-end). This increase would bring the total EBRD share to USD 35 million, up from USD 25 million signed in October 2025. The subordinated loan will enhance CB's capital base, thereby strengthening its capacity to expand lending in Jordan, particularly to small and medium-sized enterprises (40% of the EBRD facility), which remain underserved in the country. The remaining portion of the EBRD facility (60%) will be allocated for on-lending to eligible green sub-projects, supporting the country's sustainable development agenda. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/56398XI-IATI-EBRD-57156European Bank for Reconstruction and DevelopmentThe provision of a senior unsecured loan to Intesa Leasing d.o.o. Beograd ("ILS") in the amount of up to €25 million under the Regional Western Balkans ("WB") Green Outcomes-Linked Debt ("GOLD") Financing Framework. The loan will be fully guaranteed by Banca Intesa Beograd ("BIB"). The proceeds of the Bank's investment will be used for providing leases to eligible small and medium-sized enterprises (SMEs) and Midcaps in Serbia in support of their business expansion and Green Economy Transition ("GET") eligible investments. At least 50% of the total investment will be GET eligible.European Bank for Reconstruction and DevelopmentINTESA LEASING DOOEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGNEW BELGRADE44.80556 20.424171000000010000000INTESA LEASING DOOPRIVATEPRIVATEPRIVATEThe provision of a senior unsecured loan to Intesa Leasing d.o.o. Beograd ("ILS") in the amount of up to €25 million under the Regional Western Balkans ("WB") Green Outcomes-Linked Debt ("GOLD") Financing Framework. The loan will be fully guaranteed by Banca Intesa Beograd ("BIB"). The proceeds of the Bank's investment will be used for providing leases to eligible small and medium-sized enterprises (SMEs) and Midcaps in Serbia in support of their business expansion and Green Economy Transition ("GET") eligible investments. At least 50% of the total investment will be GET eligible. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/57156XI-IATI-EBRD-54116European Bank for Reconstruction and DevelopmentThe EBRD invested EUR 90 million in the senior non-preferred ("SNP") public bond issuance of EUR 500 million placed by Banca Transilvania S.A. ("BT"), a commercial bank incorporated in Romania, on 21 April 2023. The bond is listed on the Euronext Dublin Stock Exchange. The EBRD further invested EUR 40 million in a EUR-denominated, senior non-preferred sustainability international bond issuance of EUR 500 million launched by BT on 29 November 2023. The bond is listed on the Euronext Dublin Stock Exchange. The EBRD further invested EUR 30 million in a EUR-denominated, senior non-preferred sustainability international bond issuance of EUR 700 million launched by BT on 25 September 2024. The bond is listed on the Euronext Dublin Stock Exchange. The project contributes to the resilience and compliance with MREL (Minimum Requirements for Own Lending and Eligible Funds) requirements of the largest systemic bank in Romania, facilitates capital market development and further promotes BT's green agenda by supporting the financing of sustainable investments.European Bank for Reconstruction and DevelopmentBANCA TRANSILVANIA SAEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGCLUJ-NAPOCA46.76667 23.6160000000BANCA TRANSILVANIA SAPRIVATEPRIVATEPRIVATEThe EBRD invested EUR 90 million in the senior non-preferred ("SNP") public bond issuance of EUR 500 million placed by Banca Transilvania S.A. ("BT"), a commercial bank incorporated in Romania, on 21 April 2023. The bond is listed on the Euronext Dublin Stock Exchange. The EBRD further invested EUR 40 million in a EUR-denominated, senior non-preferred sustainability international bond issuance of EUR 500 million launched by BT on 29 November 2023. The bond is listed on the Euronext Dublin Stock Exchange. The EBRD further invested EUR 30 million in a EUR-denominated, senior non-preferred sustainability international bond issuance of EUR 700 million launched by BT on 25 September 2024. The bond is listed on the Euronext Dublin Stock Exchange. The project contributes to the resilience and compliance with MREL (Minimum Requirements for Own Lending and Eligible Funds) requirements of the largest systemic bank in Romania, facilitates capital market development and further promotes BT's green agenda by supporting the financing of sustainable investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/54116XI-IATI-EBRD-53965European Bank for Reconstruction and DevelopmentProvision of a long-term senior unsecured loan of up to EUR 15 million to Raiffeisen Leasing Serbia ("RLS" or the "Company") for on-lending to small and medium-sized enterprises ("SMEs") in Serbia. The loan is envisaged under the Sustainable Reboot SME Programme ("Reboot SME"). The loan will be fully guaranteed by the parent, Raiffeisen Bank Serbia ("RBS" or the "Guarantor"). The loan is intended to provide financing for on-lending to local SMEs for investments in environmental protection, workers' safety and product quality and safety in order to introduce and implement EU and other international quality standards, which will boost SMEs' competitiveness in the country. At least 70% of the use of the proceeds is expected to be related to Green Economy Transition ("GET") investments.European Bank for Reconstruction and DevelopmentRAIFFEISEN LEASING DOO BEOGRADEuropean Bank for Reconstruction and Development+44 20 7338 7380projectenquiries@ebrd.comwww.ebrd.com5 Bank Street, London E14 4BGBELGRADE44.80401 20.4651315000000RAIFFEISEN LEASING DOO BEOGRADPRIVATEPRIVATEPRIVATEProvision of a long-term senior unsecured loan of up to EUR 15 million to Raiffeisen Leasing Serbia ("RLS" or the "Company") for on-lending to small and medium-sized enterprises ("SMEs") in Serbia. The loan is envisaged under the Sustainable Reboot SME Programme ("Reboot SME"). The loan will be fully guaranteed by the parent, Raiffeisen Bank Serbia ("RBS" or the "Guarantor"). The loan is intended to provide financing for on-lending to local SMEs for investments in environmental protection, workers' safety and product quality and safety in order to introduce and implement EU and other international quality standards, which will boost SMEs' competitiveness in the country. At least 70% of the use of the proceeds is expected to be related to Green Economy Transition ("GET") investments. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/53965