- EIB and DKB sign framework agreement
- Funds at favourable rates for individual loans to customers
- Financing also for health and education facilities, local public transport infrastructure and public-private partnerships (PPPs)
The European Investment Bank (EIB) has signed an agreement with Deutsche Kreditbank AG (DKB) for a EUR 250m framework loan. This financing will enable DKB to mobilise a total investment volume of EUR 500m, 50% of which will be channelled into renewable energy projects. In addition, funds will be available, for example, for investment in health and education facilities, local public transport infrastructure and PPP projects in Germany. An initial tranche of EUR 50m has now been drawn down. DKB will pass on the funds on favourable terms to its customers through individual loans.
The EIB Vice-President responsible for operations in Germany, Ambroise Fayolle, said, “As part of its climate strategy, the EU bank is committed to dedicating at least a quarter of its loans to strengthening environmental protection. We can substantially reduce energy consumption in Germany and Europe if we manage to boost the use of renewable energy and considerably improve energy efficiency in the building sector. Both approaches are crucially important for sustainable environmental protection. I therefore very much welcome this new agreement with DKB, which is strongly geared towards the financing of renewable energy projects.”
DKB Board Member Rolf Mähliß stated, “We are pleased to be able to continue the long-standing and successful cooperation with the EIB, especially in the renewable energy field. From the mid-90s onwards, DKB has supported its customers’ as a financing partner for renewable energy investments in Germany. Since then we have provided a total of EUR 11bn for projects in this area.”