Donata Riedel
- EuropeanInvestmentBank
- Communication Department
- Lennéstraße 11
- D-10785 Berlin
The EIB Group — consisting of the European Investment Bank (EIB) and the European Investment Fund (EIF) — has provided Erste Bank der oesterreichischen Sparkassen AG (Erste Bank) with a guarantee for a €49 million mezzanine tranche of a synthetic securitisation transaction. The transaction is expected to provide capital relief, as provided for by the EU Capital Requirements Regulation. It is the first synthetic securitisation transaction in Austria that qualifies as a simple, transparent and standardised (STS) transaction under the European Securitisation Regulation.
The EIB Group, consisting of the European Investment Bank (EIB) and the European Investment Fund (EIF), has provided Hypo Vorarlberg with a €61 million guarantee on the mezzanine tranche of a synthetic securitisation transaction on a €360 million portfolio of loans to small businesses and mid-caps mainly originated in Austria.
In 2023, the European Investment Bank (EIB) Group in Austria has focused its financing on projects that support renewable energies, water-supply and social housing. With the release of its annual results, the EU-Bank announces today that it committed €1.26 billion in new financing in Austria. In the current economic environment, with higher interest rates, companies both private and public turned to the EIB for supporting long term investments, especially toward the end of 2023.